Farmers & Merchants Bank (Deshler, NE)

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DESHLER BANK PUT IN HANDS OF BANK RECEIVER

FINANCIAL INSTITUTION CLOSES DOORS SATURDAY

Defunct Bank Was Once Merger of Two Deshler Banks

The doors of the Farmers and Merchants State Bank of Deshler was closed Saturday by order of the Board of Directors and officers and turned over to the state department of trade and commerce. A short time ago two banks merged into the present institution. It is stated that this bank will be re-organized soon. The capital stock of the bank was $25,000; surplus, $25,000 and deposits amounted to approximately $217,000. The officers are: President, Rulolph Koch, vice-presients, E. A. Rodenburg and L. C. Krutz; cashier, R. W. Rodenburg. State bank examiner U. P. Stannard is charge for the state department. The $30,000 in bonds recently voted by Deshler for the new school building was deposited in this bank. About $9,500 was deposited by Thayer county in the Farmers and Merchants which is secured with bonds.

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MERE MENTION

Sale of fresh eggs. Grand Grocery, 1000 P St.-Adv. Special at True's Wed.: Hot baked ham sandwiches, 10c; fresh strawberry tarts with whipped Fancy dinner steaks (sirloin) from baby beef. Raisin bread, delicious, try it toasted, Florida oranges, balls sweet juice, 12 lbs., 39c. Freadrich Postoffice Inspector J. E. Bradley will address group of postal officials Tuesday evening in Postmaster Gillaspie's office on 'What the Postoffice Department Expects of Its Supervisors." Fire destroyed portion of the roof the residence of E. Hedge, 343 So. 9th, about noon Tuesday. The building is owned by H. Gohde. The loss, which was slight, is.covered by insurance. Firemen used chemicals to extinguish the blaze. dividend of $10,163.52, the first paid to depositors of the FarLiers and Merchants bank of Deshler. being 5 percent, has been declared ry Secretary Luikart, department of trade and commerce, receiver. The district court ordered the payment Feb. 4. Red Cross Examiners' club will meet Tuesday evening at 7:30 at the high school pool. Senior Red Cross life savers interested in becoming examiners are being asked o attend. John Turner will tell of the life saving program he conducted last summer at Auburn. Coal was stolen from the school house in District No. 81 eight and nalf miles north of Havelock Monday night, it was reported to the sheriff's office T. H. Robertson, director of the school. In addition, damage was done to the teacher's desk when it was pried open. Suit for $25,000 damages was filed in district court by Gertrude Sampson against Edward Beaghler. is claimed by the plaintiff that she was struck by car driven by Beaghler at 13th and O on Feb. 10, and badly injured. The suit was filed by Attorney R. F. Stout. A. W. Duffy appealed to the supreme court Tuesday from an order of the district court in denying his application, as stockholder, to be named receiver for the Omaha Merchants Express Transfer company. He lists number of charges against officers of the association, claiming mismanagement. The regular meeting of the Central Lancaster County Farmers club been postponed from Wednesday until Feb. 22, on account of farmers institute being -held at Havelock Tuesday and Wednesday of this week, County Agent Purbaugh announced Tuesday. The meeting on Feb. 22 will be held at St. Patrick's hall in Havelock. Miss Margaret Swandt, Corn'husker hotel, suffered shock Tuesday morning when the cab in which she was riding collided at 12th and with another car. Miss Swandt was taken back to the hotel Castle, Roper & Matthews ambulance. She was not seriously injured and soon regained consciousness. She was on her way to work when the accident occurred. District Judge Frost issued notice to attorneys Tuesday that many motions, demurrers, etc., on the equity motion docket now being prepared by District Court Clerk Baer will be dropped SO as not to encumber the new docket, unless attorneys having such motions, etc., call the court's attention to them within twenty-four hours. Many of these motions were brought forward from the docket of the April term last year. The conference of the National Vocational Guidance association to be held Feb. 23 to 25 at Minneapolis, will attract several Lincoln people. Among those who have made reservations to date are Miss Harriet Towne of the Lincoln school system and Dr. Charles Fordyce of the University of Nebraska. Miss Towne will attend tea given by Minneapolis Altrusa club the Sunday after the conference.

Nebraska m who hatched chicks early in 1932, fed them well and had them laying in the fall months, profited the most for their foresight and efforts. Early hatched chicks began laying in the early fall months in time to hit the seasonal high mark, which starts usually late in August and continues thru December records of co-operators with the Nebraska college of agriculture extension service show. The damage suit brought and won in Lancaster county begun on behalf of Jimmie Wise, infant, against Grainger Bros. company, was dismissed by the supreme court. The occurred while the driver was on his way home to dinner, and when he was not engaged in any duty for his employer. The says the defendant have been given an instructed verdict, and that it was error to instruct the jury that if the employe's use of the truck for his private purposes was with the employer's and consent, the defendant was liable for damages caused by its negligent operation.

Nebraska fed lambs are becoming a prized in high class of the country. H. Gramlich, of the college of agriculture has received from famous New Orleans hotel featuring "Nebraska Special Lamb,' and "Broiled Nebraska Lamb Chops." Feeding of lambs in Nebraska is growing rapidly, Gramlich sald, especially in the Scottsbluff section where 109 double deck carloads of lambs were shipped for the week ending Feb. The receiver of the Farmers' State bank of Overton lost out in supreme court Tuesday in an attempt to have the receiver in mortgage foreclosure action held to have acted without authority of law in paying interest on the first mortgage, not in foreclosure, and for seed, lumber and grasshopper poison. The suit was brought by W. A. Wells, who held the second mortgage, and the court, in former hearing, ordered the receiver discharged as the bank receiver could just as well act. The question was whether the depositors had prior lien on what the receiver collected from the premises. The eourt says that as he acted in obedience to court order, and that this relieves him of any personal liability. Another suit involving other-lands was decided at the same time. The social service exchange, confidential clearing house maintained at the office of the Lincoln chest to equitable of relief to needy persons and avoid duplication, experienced the heaviest month in its history when 2,563 cases were cleared thru its files. Comparative figures show 1,380 cases for January 1932 and 1,861 in April of last year, the previous peak month. The emergency bureau which is joint setup of Social Welfare society and county relief facilities, registered 1,543 cases last month. The city mission, welfare department of the American Legion and Social Welfare society were included among the agencies showing the most activity for the month in handling relief cases. Cases cleared by the social service exchange jumped from 1,833 in 1924 to 16,789 in 1932. over the assets and were prepared to loan an additional $23,000,000. This loan, however, would have still left the Guardian company about $2,000,000 short of paying all depositors. "The largest depositors of the company were the General Motors corporation, Chrysler corporation and the Ford Motor Both G. M. C. and Chrysler had agreed to subordinate their deposits to the R. F. C., which was to have taken over the "quick" assets, and smaller "The Ford company refused to make such an agreement and the result was necessity of a moratorium. "Had the agreement gone thru the three automobile manufacturers would have permitted the R. F. C. to cover its loan and the smaller would have been paid off in cash. The motor concerns would have taken over the remaining $2,000,000 in unliquidated assets. "The of banking was ordered to give this company and other banks opportunity to effect an orderly reorganization. 'Unless it had been declared the larger depositors who were informed advance of the condition of the institution have withdrawn their money and left the smaller ones 'holding the bag. understand that the deposit of the Ford company in the Guardian Trust company was about 7,500,000." DETROIT. (AP). Governors of the Detroit stock exchange decided to close exchange for the period of the bank holiday

Choice of all Ben Simon & Sons' Women's Winter Coats, values to $59.50 at $5, $8 and

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MERE MENTION

Sale of fresh eggs. Grand Grocery, 1000 P St.—Adv.

Special at True's Wed.: Hot baked ham sandwiches, 10c; fresh strawberry tarts with whipped cream, 10c.—Adv.

Fancy dinner steaks (sirloin) 14 1/2c lb., from baby beef. Raisin bread, delicious, try it toasted, 7c loaf. Florida oranges, balls of sweet juice, 12 lbs., 39c. Freadrich Groceryterias.—Adv.

Postoffice Inspector J. E. Bradley will address a group of postal officials Tuesday evening in Postmaster Gillaspie's office on "What the Postoffice Department Expects of Its Supervisors."

Fire destroyed a portion of the roof of the residence of E. Hedge, 343 So. 9th, about noon Tuesday. The building is owned by H. C. Gohde. The loss, which was slight, is covered by insurance. Firemen used chemicals to extinguish the blaze.

A dividend of $10,163.52, the first paid to depositors of the Farmers and Merchants bank of Deshler, being 5 percent, has been declared by Secretary Luikart, department of trade and commerce, receiver. The district court ordered the payment Feb. 4.

Red Cross Examiners' club will meet Tuesday evening at 7:30 at the high school pool. Senior Red Cross life savers interested in becoming examiners are being asked to attend. John Turner will tell of the life saving program he conducted last summer at Auburn.

Coal was stolen from the school house in District No. 81 eight and a half miles north of Havelock Monday night, it was reported to the sheriff's office by T. H. Robertson, director of the school. In addition, damage was done to the teacher's desk when it was pried open.

Suit for $25,000 damages was filed in district court by Gertrude E. Sampson against Edward Beaghler. It is claimed by the plaintiff that she was struck by a car driven by Beaghler at 13th and O on Feb. 10, and badly injured. The suit was filed by Attorney R. F. Stout.

A. W. Duffy appealed to the supreme court Tuesday from an order of the district court in denying his application, as a stockholder, to be named receiver for the Omaha Merchants Express & Transfer company. He lists a number of charges against officers of the association, claiming mismanagement.

The regular meeting of the Central Lancaster County Farmers club has been postponed from Wednesday until Feb. 22, on account of a farmers institute being held at Havelock Tuesday and Wednesday of this week, County Agent Purbaugh announced Tuesday. The meeting on Feb. 22 will be held at St. Patrick's hall in Havelock.

Miss Margaret Swandt, Cornhusker hotel, suffered shock Tuesday morning when the cab in which she was riding collided at 12th and L with another car. Miss Swandt was taken back to the hotel in a Castle, Roper & Matthews ambulance. She was not seriously injured and soon regained consciousness. She was on her way to work when the accident occurred.

District Judge Frost issued notice to attorneys Tuesday that many motions, demurrers, etc., on the equity motion docket now being prepared by District Court Clerk Baer will be dropped so as not to encumber the new docket, unless attorneys having such motions, etc., call the court's attention to them within twenty-four hours. Many of these motions were brought forward from the docket of the April term last year.

The conference of the National Vocational Guidance association to be held Feb. 23 to 25 at Minneapolis, will attract several Lincoln people. Among those who have made reservations to date are Miss Harriet Towne of the Lincoln school system and Dr. Charles Fordyce of the University of Nebraska. Miss Towne will attend a tea given by Minneapolis Altrusa club the Sunday after the conference.

Nebraska poultrymen who hatched chicks early in 1932, fed them well and had them laying in the fall months, profited the most for their foresight and efforts. Early hatched chicks began laying in the early fall months in time to hit the seasonal high mark, which starts usually late in August and continues thru December records of co-operators with the Nebraska college of agriculture extension service show.

The damage suit brought and won in Lancaster county begun on behalf of Jimmie Wise, infant, against Grainger Bros. company, was dismissed by the supreme court. The accident occurred while the driver was on his way home to dinner, and when he was not engaged in any duty for his employer. The court says the defendant should have been given an instructed verdict, and that it was error to instruct the jury that if the employe's use of the truck for

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BANK RECEIVER BRINGS ACTION ON LIABILITY

Failure of bank in Deshler, Nebr., is due for an airing in perior court here through filing of against Fred Nieman, Fulsuit lerton rancher, stockholder in the defunct bank. The suit was filed by E. H. Luikart, received for the defunct Farmers and Merchants bank of Nebraska, and based upon Nieman's "double as stockholder" in the bility bank. Luikart is basing his suit upon Section Article 12, Constitution of Nebraska, as amended December 1, which declares that every stockholder in a bank is able to the creditors of the bank over and above the amount of his stock to an amount equalling the amount of stock stockholder $25,000 and Nieman owned 10 shares with par value of $1000. Claims against the bank when