43005271472 4300527
routing
43-0052537e3e3ee9986d0eNone
Click image to open full size in new tab
Receiver of Lincoln Bank Makes Refund to State Fund Lincoln. Aug. 9.-(Special.)-A $55,000 refund was placed in the state guaranty fund today by E. M. Warner, receiver of the failed American State bank. Lincoln. This made the third refund from this bank to the fund, all three totalling $165,000.
Click image to open full size in new tab
Receiver for Defunct Bank Returns $27,500 to State Lincoln. Jan. 14.-(Special.)-Ed ward M. Warner, receiver for the defunct American State bank of this city, turned over $27,500 to the state guaranty fund. With this payment. the receiver has paid back to the state guaranty fund, a total of $220,000. which is 40 per cent of the total amount drawn the time to reimburse depositors. The guaranty fund was drawn upon for $550,000. Mr. Warner said he hopes to realize enough from the assets before the affairs were finally disposed of to net the state guaranty fund 60 per cent of the loss.
Click image to open full size in new tab
GOOD FEES KNUDSON COURTS ALLOWED HIM WANTS Secretary Griggs of Guaranty Fund May Ask for Return of Yet Paid. reported the capitol that the department of trade and commerce, Kirk Griggs, secretary, will endeavor to prevent K. Knudson, former secretary of the department, from drawing pay for acting receiver the American State bank and the Pioneer State bank Omaha and for performhim receiver of the American State bank Lincoln. It said the department will endeavor have Mr. Knudson return $750 drawn by him as receiver Bank of Waverly. A total of may be involved. The same action likely to taken in regard to $750 drawn Hart, of the depart ment before Mr. became secretary. Mr. said to have drawn $750 for his work receivbank Blair. Bodie receiver in fact of that bank until Mr. Hart retired from the office of secretary of department. He then active charge receivership for one month and days. The department trade and commerce and the guaranty fund commission said to agreed upon policy to pursued matter of Mr. Kundson's pay receiver. Griggs secretary of the department and chairman guaranty fund commission. He has acted receiver of any failed bank and has drawn no pay except his salary of $5,000 year. refused the claims of Mr. Knudson for pay receiver in any case. The state law relating secretaries of the code departments says: appointee each department shall devote his entire time the duties of his office and shall hold other office position Knudson allowed $750 by court when he was charged receiver the Bank Waverly He was succeeded by Dempster Geneva, the guaranty fund commission, short time ago. Knudson was allowed $1,158
Click image to open full size in new tab
INSURANCE FIRM Supreme Court Again Affirms Decision In Bankers' Automobile Suit. Union Auto Company Wins $5,000 Suit Against Failed Bank. Affirmance of decree by the district court of Lancaster county which allowed the Bankers' Automobile Insurance Co. of Lincoln, now only $5,079 its claim of more than against the failed American State bank of this city, as the amount be paid out of the guaranty fund. by state court decision the for the second insurance claim grew one of the relled made by Charles its who turned over number notes bank in 1921 and took certicate deposit exchange therefor president and officer the bank. secretary the company Maixner. who of the State bank Ceresco and in charge its business, had made the company to underwrite its $250,000 of on 10 per commisnotes and certificates changed back and forth differthe two banks this Maixner pleaded guilty to bezzling funds of the Ceresco bank which failed the meantime to the served ing finally paroled and the first trial of the guaranty fund was rejected Supreme court the judgment, and on retrial, after evidence had been presented. the district court partial but of the claim. the three which In the American State when but were found the property of the Union Auto Co. Wins. In suit from Gage the high district court's throwing out three certificates deposit total held by the mobile Co. of Lincoln the failed Farmers' State bank Adams, which company presented as claims against the guarfund. These certificates originally Life and assigned by it to the Union. Payment was contested by bank receiver guaranty fund on the ground that Cashier Larson the bank had made an unlawful agreement with president the Bankers' National whereby the make the for acting company's agent business and also making personal the vice district court disallowed the claims for that reason. In upsetting this judgment, the court not sufficient prove unlaw ful officers the bank the company. in the face of Larson's plicit denial on the stand that he had such contract. letter written by the vice president the company to Larson, which was offered an exhibit the "agreement" held by the tribunal collected Larson and deposited in bank, and not to any other Dixon Bank Claimants Lose. In line of its recent affirming the judgment court in Dixon which shut claims against the fund by perholding deposit the Farmers' State bank of Dix on, the Supreme court now disalmore claims of the kind These are the Paul and same McCarthy claims. Can't Halt Foreclosure. real estate gage the mortgage start foreclosure for of taxes the contry to public policy, says high bench in Dawson county also declares that after an action of that kind started the declinquent stop by dering in the of terest taxes have due and showing that the The lower judgment was in of James B. Houser, the sign against Bryce Not Liable for Death. The Railway Light corporation not sponsible for death Rhinold Hron, hold while on bridge to the held in the county action directing verdict for the defendant $25,000 damage Opinion. Omaha Lincoln Ry Creek Land Livestock and given modified Without Opinions the Court. further National Bank Dodge