Central City National Bank (Central City, NE)

Article Text

BANK RECEIVERSHIP COMES AS SUPRISE

Central City National Will Be Closed Out by Hall of Greenwood, Nebr.

Despite general local belief in early of the CenCity National bank, closed by presidential order in March, the federal government ordered early this month. Hall of Greenwood, former president the Nebraska Bankassociation, was assigned vember receiver, and came Saturday of last week. The stitution will be formally turned over to Hall by ConservCarns, under whose rection been collecting and operating with restrictions. Local hopes were raised some weeks ago when an Associated Press dispatch named the Central City National one four insti-

Article Text

REPAYMENTS

Greater Than Loans.

R. Reports Operations For Third Quarter.

Closed Banks Get $122,500,000 Of Since Formation 2.6 Billions.

Washington, November Reconstruction Corporation received more money repayments during the last three months than loaned to aid business and agriculture. summary of the corporation's report for the third quarter, ended September 30, disclosed today that it had disbursed and recelved repayments totaling $238, 186,400. that corporation had nearly half million dollars less outstanding than on June 30. From the time of its formation. 1932, the corporation has disbursed out authorizations totaling During third quarter corporation loaned banks and trust companies which assist reorganization or of closed banks.

Loans Are Iltemized.

Loans to building and loan associations insurance unions, $10,000; loan $20,663,842; joint stock land banks, credit corporations, $470,520; rediscounts for gional agricultural credit corporations, $30,015,863; Federal land banks, $5,000,000; credit corporations, $400,000, and railroads, Under the 1932 Emergency Relief Act, 19 loans aggregating under another section $53,880,543 loaned for nancial sales agricultural surpluses foreign markets and finance orderly marketing of agricultural commodities and stock. Advances banks on preferred stock during quarter totaled and subscriptions for preferred stock banks and trust companies, $19,337,500. The corporaalso purchased $500,000 of bank debentures.

Cotton Loan Listed.

In connection with the preferred stock purchases, was that since September 30 many millions dollars stocks and debentures either have been their purchase During the quarter Secretary Agriculture allowed $3,500,000 with which purchase cotton. The opening National Banks during first 10 days of Novemwas announced O'Connor have restored $16,084,in deposits. During same period six National Banks had their reorganization plans approved the Treasury, involving $2,825,000 in deposits. Comptroller reported that two banks reorganization plans been declared insolvent and appointed These the County Brookville, with deposits, and the City Bank of Central City, Neb., with $98,000 in deposits.

Article Text

Wind Shatters Plate Glass Front

While the severe windstorm of last Sunday was at one of the points of its height it destroyed the north section of the west plate glass front in the Grosvenor building at the northeast corner of the square. The blast that took the big glass out and completely shattered it struck it at about five o'clock in the afternoon.

The building is occupied by the Iowa-Nebraska Light and Power company offices and at the time the big window went out there was a large display of electric light bulbs in the window. Despite the fierceness of the gale and the square sweep it had at the window the pieces of glass fell outward to the walk. Of the big stock of light bulbs in the window only one was broken, a really remarkable circumstance. This was the largest single bit of damage done by the storm in this city.

—Colonel Phil Hall, of Greenwood, prominent in Legion and military circles in the state, was last week called to Central City to take charge of the affairs of the closed Central City National Bank. As receiver Colonel Hall will liquidate the affairs of the bank. He is now paying out the trust deposit funds. What amount will be recovered on the old deposits is purely speculative at this time.

—Peter Stohl left his forge and anvil long enough the latter part of the week to make a trip to Kearney for a short visit with Mr. and Mrs. Gus Stohl and to take in the big fight bill staged in that city Friday night. Mr. Stohl made the trip by bus and had an enjoyable time at the home of the son and attending the boxing bill.

Article Text

Oliver Bay of Battle Creek, Ia., is spending part of the holiday vacation in Central City.

Crispy Waffles at Candyland Cafe & Confectionery.

Mr. and Mrs. M. L. Clark and son, Laurence, spent Sunday and Christmas day at Blue Hill with Mrs. Clark's relatives. Mrs. Clark stayed for a longer visit.

Mr. and Mrs. Ray Prime and daughter left Saturday for Arapahoe to spend the holiday season with relatives, returning Tuesday.

Mr. and Mrs. O. A. Jernberg spent Sunday in Palmer with her sister and husband, Mr. and Mrs. Bruce Gage.

Mr. and Mrs. H. A. Armstrong returned home Wednesday after spending the Christmas season with their son, P. C. Armstrong, and family and a daughter, Mrs. Shaw Little, and family at Clarks.

Harold Toller of Council Bluffs, Ia., spent Sunday afternoon and evening in the city with friends.

Eddie Kozal of Hastings spent the fore part of the week with his parents, Mr. and Mrs. Pete Kozal.

Mrs. Anna Hoare and children, Marion, Alvin and Keith, motored to Cedar Rapids Christmas morning, where they spent the day with the former's sister, Mrs. T. J. Evans.

Mr. and Mrs. Ralph Demel and daughter, Virginia, spent Christmas day with her parents, Mr. and Mrs. George Staats, at Fremont.

Mr. and Mrs. John Kelly and daughters, Jean, Irene and Marilyn of North Bend and Mr. and Mrs. Browning Warren and children, Phyllis and Sammy of Lincoln spent Christmas at the S. B. Starrett home and at noon a big turkey feast was enjoyed.

Miss Ann McCreary went to Wayne Christmas day to spend a few days with friends.

Miss Leone DeBrunner of Cozad arrived Friday to spend several days at the home of her uncle, George DeBrunner, and family.

Mr. and Mrs. Harry Persons and children attended a family dinner at the Ira Packer home in District 50 Christmas day.

Gerald Tooley of Kearney spent Christmas day with his mother, Mrs. Mable Tooley and grandparents, Mr. and Mrs. W. W. Moore.

Mr. and Mrs. Cecil Potter and sons spent Sunday and Monday at Albion with relatives.

Miss Estellene Wilson arrived home Sunday from Clarkson for the holiday vacation with her parents, Mr. and Mrs. M. H. Wilson.

Miss Helen and Laurence Bryan and Clarence Reed, students at the Baptist college at Sioux Falls, S. Dak., arrived home for the holiday vacation with their respective parents. Misses Lena and Ruth Bryan, teachers at Stromsburg, also are enjoying a vacation with their mother.

E. L. Hall and family spent Sunday at Hastings with her father, W. J. Pottorf, and Christmas day in the C. W. Hall home at Hastings.

Mr. and Mrs. Ellis Anderson of Grand Island spent Christmas day with her parents, Mr. and Mrs. J. B. Gleason.

Mr. and Mrs. Everett Crites of Lincoln were guests at the R. Tooley home from Saturday afternoon until Tuesday.

Mr. Pool and Rolland Wunderlich, teacher at Marquette, left Friday evening by auto to visit friends and relatives in Chicago during the holidays.

P. E. Hall, bank receiver at the Central City National bank, spent Sunday and Monday at Greenwood with his family.

Miss Margaret Reed of Chicago arrived Saturday to spend the holidays as a guest of Mrs. Lela Montgomery.

Ted Ratcliff was a passenger to Kearney Christmas night.

Mr. and Mrs. George Hedges and three sons of Lincoln came Christmas day to her parents, Mr. and Mrs. Sam Crawford, and other relatives. They returned home Tuesday afternoon.

Mr. and Mrs. Ray Poage and Mrs. Sarah Poage and Mr. and Mrs. J. F. Shafer of Lincoln were guests of Dr. and Mrs. J. E. Shafer of Marquette Christmas day.

Article Text

Mr. and Mrs. Chas. Campbell left Sunday morning for Enumclaw, Wash., in response to word that their son, Horace, was seriously ill with pneumonia. He passed away early the following morning.

Co. Supt. Pearl Simmons and Mrs. Pearson of Aurora left Monday to attend the county superintendent's convention in Lincoln this week, expecting to return late Friday evening.

Mr. and Mrs. P. C. Armstrong and W. C. Kerr attended the funeral service of M. M. Kokjer at Clarks Monday.

P. L. Hall, receiver at the Central City National bank, transacted business in Omaha Monday.

Mr. and Mrs. L. R. Barnes of Creston were visiting with relatives and transacting business in the city Saturday.

Mrs. Walter Cast, who is receiving medical treatment in St. Francis hospital at Grand Island, is expected home the latter part of the week.

Earl Crawford and family spent Sunday in Columbus with her parents, Mr. and Mrs. Joe Poeffel.

Lee Naumenberg of Cedar Rapids transacted business in the city Thursday.

Misses Esther Kline and Lela Nispel, teachers, spent the weekend in Lincoln.

Ted Skiff and family moved recently from Grand Island in with his parents, Mr. and Mrs. J. B. Skiff. Ted is now engaged in wholesaling candies in this part of the country.

Victor Blase of Hordville transacted business in the city Saturday.

New Spring Hats, off the face, Wide Brims and Turbans. Our selection is very complete, priced at only $1.36 and $1.66. Trotters.

Mrs. Frank Lock of Grand Island spent Saturday and Sunday in the city with her parents, Mr. and Mrs. C. F. Newmyer.

Rolland Wunderlich of Marquette was a dinner guest in the T. F. Benecke home Sunday.

Misses Elsie, Irene McHargue and Kathleen Powell attended a B. Y. P. U. association banquet in Polk Saturday evening.

Mrs. C. R. Combs of Omaha arrived Sunday morning to be a guest of her sister, Mrs. P. H. Cowgill, and brothers, Atty. E. E. Ross and A. B. Ross, this week.

Alfred Johnson of Morrill is a guest in the W. A. Wilder and W. A. Everett homes.

Article Text

PHIL HALL OUT CONGRESS

Post As Federal Bank Receiver Prevents Candidacy. Phil Hall, former Greenwood banker and receiver for the Central City National bank, Thursday withfor the demodistrict federal bared his canddiacy Hall said letter to Seretary of State Swanson The comptroller the Washington recently issued that employes that federal cannot public Hall explained. for the nomination the second definitely withdrew from that race Thursday after keeping weeks tactics He closed the candidacy letter to the secretary state Bartling ticket. former who Thursday that close the voting

Article Text

Mr. and Mrs. J. R. Webster and son Ronald and Miss Lenore Erickson motored to Omaha Monday afternoon to drive out a new Graham sedan. They are new salesmen for Graham cars.

The Ben Howe family are moving into the residence property of Mrs. W. T. Morris this week, from the late Mrs. Orissa Stephens home place.

Atty. W. R. Raecke, grand junior warden of the Masonic lodge, took part in the service of laying the cornerstone for the new Masonic temple at Cambridge, Tuesday.

Mr. and Mrs. Rudolph Carlson and three children, Miss Irene Holm and Chester Walgren of Osceola were guests in the A. N. Johnson home, Sunday.

James Clarke spent Sunday in Broken Bow with his parents.

Mr. and Mrs. Henry O'Neill of Los Angeles, Cal., stopped for a visit with her sister, Mrs. Wesley Schutz and husband, on their honeymoon trip through Old Mexico, southern route to the middle west states. Mrs. O'Neill will be remembered as Ruth Holding, a former resident of this city as her father was pastor of the Friends church for several years.

Mrs. Ella Kyes and daughter, Mayme near Archer, are taking an apartment in the Ratcliff building over the Clifford cafe next week. Miss Kyes was re-elected to teach in the North ward school this school year.

Atty. P. S. Heaton made a business trip to Cedar Rapids Friday.

Mr. and Mrs. Harold O'Conner of Lincoln visited her parents, Mr. and Mrs. J. G. Carlson from Friday until Sunday evening.

Sheriff and Mrs. D. E. Crites were Sunday evening callers at the Mrs. Ella Kyes and Fred Marsh homes in west Midland township.

Miss Nancy Ayres spent the week-end in Hastings as guest of school friends.

Mrs. Harold Temple accompanied Miss Myrtle Simonson to her home in Palmer for a week-end visit.

Mrs. Sarah Stake and daughter, Geraldine of Ashland were in the city, Monday and Tuesday. Mrs. Stake, assistant for P. L. Hall, bank receiver of the Central City National bank transacted his business as Mr. Hall left Sunday for C.M.T.C. at Ft. Crook.

Article Text

Full Payment Made By Ashland National

(Special to The Star.)

ASHLAND, Neb., Sept. 20 — P. L. Hall, receiver for the National Bank of Ashland, has been authorized by the comptroller of the currency in Washington to make final payment of 30 per cent to the depositors of that institution. This makes full payment of 100 per cent. The bank was suspended March 4, 1933, and placed in receivership July 16, 1934. The total paid depositors was $179,969.41.

Mr. Hall stated that the Central City National bank, still in process of liquidation, has paid 95 per cent and the First National bank at Adams, also still in liquidation, has paid 82 1/2 per cent.

Article Text

P. L. Hall, receiver, reports upon three banks—National Bank of Ashland, Central City National Bank and First National Bank of Adams—as follows:

The National Bank of Ashland, insolvent, Ashland, Nebr., was suspended March 4, 1933, and was placed in receivership July 16, 1934, and has paid dividends to depositors to date totaling 100 percent, amounting to $179,969.41. The bank is still in liquidation.

The Central City National Bank, Central City, Nebraska, insolvent, was suspended March 4, 1933 and placed in receivership November 1, 1933, and has paid in dividends to depositors to date totaling 95 per cent, amounting to $154,627.10. The bank is still in process of liquidation.

The First National Bank of Adams, Nebr., insolvent, was suspended March 4, 1933 and placed in receivership September 12, 1933, and has paid in dividends to depositors totaling 82½ percent, amounting to $106,138.28. The bank is still in process of liquidation.

In conjunction Mr. Hall honors J. F. T. O'Connor upon his effective accomplishments since he took office in March, 1933, under the most trying conditions that have ever confronted a Comptroller of the Currency. The press release issued by the Comptroller on August 17, 1935, reveals deposits in 5,431 active national banks aggregating $22,518,541,000, as of June 29, 1935. This represents an increase since June 30, 1933, of $5,744,426,000 and established a record which has never been approached in the history of the national banking system. The total deposits in active national banks is now fast approaching the total reported for December 31, 1928, on which date 7,635 active national banks reported deposits aggregating $24,347,380,000. This was the highest total reported in the history of the system and exceeds the present figures by only $1,828,839,000.

The man directly responsible for this remarkable record of recovery was the able, efficient and energetic Comptroller from California.

Article Text

NOTICE

The Comptroller of the Currency, Washington, D. C., has authorized this office to pay a second (final) and interest dividend to the depositors who have proven claims against the Central City National Bank, Central City, Nebraska. This dividend consists of the 5 percent still due on proven claims, and interest thereon computed from date of suspension March 4, 1933, to October 31, 1935, the date of the payment of the final dividend.

The Central City National Bank was suspended March 4, 1933, and placed in receivership November 1, 1933. The total amount paid out in dividends is $175,661.31.

This 5 percent and interest dividend is made possible through the cooperation of the Reconstruction Finance Corporation with the approval of the Comptroller of the Currency.

The liquidation of the assets of this bank will continue until further orders from the Comptroller.

This dividend will be paid at the Central City National Bank, Central City, Nebraska, commencing November 18, 1935, until November 23, 1935. Depositors are requested to call during that time, and present their receivers Trust Receipts when calling for their dividend checks.

P. L. HALL, Receiver.

Article Text

CENTRAL CITY BANK PAYS OUT IN FULL

CENTRAL CITY, Neb., Nov. 15—(AP)—P. L. Hall, receiver of the Central City National bank, Friday said he has been authorized by the comptroller of the currency to pay a second and final dividend of 5 per cent, and interest dividend, to depositors of the bank. He said the final dividend will represent payment in full. The first dividend was 95 per cent and was paid in June, 1934. The total amount of dividends paid out was $175,661. The bank suspended March 4, 1933, and was placed in receivership November 1, 1933.

Article Text

CENTRAL CITY BANK PAYS OUT IN FULL

CENTRAL CITY, Neb., Nov. 15—(AP)—P. L. Hall, receiver of the Central City National bank, Friday said he has been authorized by the comptroller of the currency to pay a second and final dividend of 5 per cent, and interest dividend, to depositors of the bank. He said the final dividend will represent payment in full. The first dividend was 95 per cent and was paid in June, 1934. The total amount of dividends paid out was $175,661. The bank suspended March 4, 1933, and was placed in receivership November 1, 1933.

Article Text

Central City, Neb., Nov. 15. (AP)—P. L. Hall, receiver of the Central City National bank, today said he has been authorized by the comptroller of the currency to pay a second and final dividend of 5 percent, and an interest dividend, to depositors of the bank. He said the final dividend will represent payment in full.

The first dividend was 95 percent and was paid in June, 1934. The total amount of dividends paid out was $175,661. The bank suspended March 4, 1933 and was placed in receivership Nov. 1, 1933.

Article Text

Hall, receiver of the Central City National bank, has been authorized by the comptroller of the currency to make a second and final payment of 5 percent to depositors. This will represent payment in full. The first payment of 95 percent was paid in June, 1934. The total paid out was $175,661. The bank suspended March 4, 1933, and was placed in receivership Nov. 1, 1933.

Article Text

KNOWLEDGE TEST SERIES

ANSWERS TO AMERICAN HISTORY TEST 1 Genoa, Italy 2 1812 3 Oregon territory 4 "Yankee Doodle" 5 $20,000,000 6 He thought he had reached India 7 He freed the slaves by proclamation 8 Probably by Champlain Vermont (green mountains) 9 The Connecticut charter was hidden in it 10 He invented the cotton gin 11 John Paul Jones, in the fight with the Serapis 12 Nathan Hale, hanged by the British as a spy 13 Commander Perry, at the battle of Lake Erie 14 William Lloyd Garrison, about the abolition movement 15 Abraham Lincoln, in the second inaugural address 16 ship 17 Henry Clay 18 battle 19 civil war 20 Charles Carroll 21 St. Augustine, Fla. 22 Nina, Pinta, Santa Maria 23 Jefferson Davis 24 Bon Homme Richard 25 Stephen Douglas 26 Martin Waldseemuller, who wrote a geography in 1507 27 Capt. John Barry 28 Thomas Jefferson 29 Aaron Burr, in a duel 30 Thomas Jefferson 31 19th amendment 32 17th amendment 33 16th amendment 34 1st amendment 35 13th amendment 36 act of states withdrawing from union 37 help given slaves to escape north 38 northerners settling in the south after civil war 39 sanction 40 currency authorized by law 41 first voyage around the world 42 fountain of perpetual youth 43 founder of Rhode Island 44 Polish patriot who helped Washington 45 first chief justice of the United States 46 Connecticut 47 Maryland 48 Texas 49 Ohio 50 Florida 51 April 12, 1861 52 1867 53 1870 54 June 25, 1877 55 April 30, 1789 56 Marquis de Lafayette 57 the Vice President 58 Ethan Allen 59 Benjamin Franklin 60 John Marshall 61 King Louis XIV of France 62 General William Sherman 63 Calvin Coolidge 64 William Penn 65 Patrick Henry 66 settlement of Plymouth 67 Braddock's defeat 68 Federal Reserve Bank act 69 Battle of Gettysburg 70 Purchase of Louisiana 71 Thomas Jefferson, 1800 72 Andrew Jackson 73 William H. Harrison 74 Theodore Roosevelt 75 William Howard Taft 76 Com. George Dewey at Battle of Manila bay, 1898 77 Abraham Lincoln, in Lincoln-Douglas debates 78 Woodrow Wilson, message to Congress 79 William J. Bryan, Democratic convention, 1896 80 Ralph W. Emerson in "Concord Hymn" 81 Battle of Lexington 82 Discovery of gold in California 83 Adoption of Stars and Stripes by Congress 84 Assassination of Lincoln 85 Opening of Panama canal for traffic 86 Constitution of United States 87 Lincoln's Gettysburg address 88 Declaration of Independence 89 Webster's Reply to Hayne 90 Motto on Great Seal of United States 91 Preliminary agreement in writing 92 Machinery of war 93 Informal agreement 94 Rebels 95 Cultivation of waste lands 96 Dix 97 Census 98 Edmund Burke 99 Foreign goods imported into the country 100 Pennsylvania Copyright, 1935, King Features Synd., Inc.

Central City Bank To Pay Dividend

CENTRAL CITY, Neb., Nov. 15, (AP)—P. L. Hall, receiver of the Central City National bank, Friday said he has been authorized by the comptroller of the currency to pay a second and final dividend of 5 per cent, and an interest dividend, to depositors of the bank. He said the final dividend will represent payment in full.

The first dividend was 95 per cent and was paid in June, 1934. The total amount of dividends paid out was $175,661. The bank suspended March 4, 1933, and was placed in receivership Nov. 1, 1933.

Competition Exams For U. S. Appointments

CHADRON, Neb., Nov. 15, (AP)—So many young men have applied to Congressman Harry B. Coffee (D.) of Chadron for appointment to the United States military academy and the United States naval academy that Coffee has asked the civil service commission to conduct a competitive examination Jan. 4, 1936, to determine winners.

One appointment to each institution is to be made from the Fifth congressional district. Examinations will be given at Alliance, Broken Bow, Chadron.