Farmers & Mechanics Bank (Havelock, NE)

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ASK LEGAL OPINION ON BANK RECEIVERS

Alleged Playing Politics, Not Helping Depositors.

Oct. that the central office of the department of trade and commerce being used for the purpose of carrying on political campaign and not for the economical and nec. essary expenses of liquidating failed banks were contained in an application for declaratory judgment in bank matters filed in district court here Saturday. The application was that of Harry L. Breslow, depositor of the failed Farmers and Mechanics bank of Havelock, for declaratory judgment on the right of Governor Charles W. Bryan and Secretary of Trade and Commerce Luikart to appoint Franz Radke and others to handle the legal affairs of the bankhandle the legal affairs of the reThe application quotes the statutes to show that allegedly the legal affairs of the receivership department should be handled by Attorney General C. A. Sorensen. It is claimed that Radke and others who have been appointed to hadle the legal affairs of the receivership department have been appointed without authority of the attorney general The application alleges that "unnecessary employes have been placed on the payroll and large and number of local attorneys employed for merely political reasons: that said central office and its employes has been used and is being used for the pur pose of carrying on political campaigns and not for the and necessary expenses of the liquidation of failed banks or for the best interests of depositors that thousands of political letters and circulars have been prepared by said receivership departments

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Few major changes from the existing budget were approved by the regents, adjustments being made in certain instances to meet changing conditions.

Governor Cochran has not got hot and bothered over the attitude of the Omaha street railway officials. He considers the officials broke an agreement.

State officials filed their vouchers for salaries for the second quarter. They have been without pay since Jan. 1. The suit involving the legality of S. F. 52, passed by the 1933 legislature, will come up for hearing in the supreme court in September.

NOTICE TO DEPOSITORS, STOCKHOLDERS, OFFICERS, DIRECTORS AND CLAIMANTS OF THE FARMERS & MECHANICS BANK, HAVELOCK, NEBRASKA.

You, and each of you are hereby notified that the receiver of the above named bank has filed his final report as receiver, and has made application to be discharged as receiver; that you are further notified that a hearing will be had in chambers, at the Court House in Lincoln, Lancaster County, Nebraska, on the 15th day of July, 1935, at the hour of ten a. m., or as soon thereafter as said cause may be heard.

Objections to the discharge of said receiver must be filed with the Clerk of the District Court of Lancaster County, Nebraska, on or before the time of hearing above named. E. H. LUIKART, Receiver of Farmers & Mechanics Bank, Havelock, Nebraska. 16.2