Geo. W. Coffin, local insurance man, returned from Topeka yesterday where he named as receiver of the Wilsey State bank. Mr. Coffin was recommended for the receivership Morris county bankers because of his personal the Wilsey It is believed that he can close the bank affairs more expeditiously and collect larger centage the frozen paper in its note files than any other man the county. took charge of all bank records today.
Morris county will lose no public funds as result of the of either the Wilsey or White City state banks this week. Wilsey had about $5,000 of county money on deposit which is protected by 4th Liberty bonds. The Farmers White City had deposits which is protected by municipal bonds. In both stances the public money be recovered County Clerk Owen states.
HERE TODAY and Leland G. Sanford Garner who and of the Wilsey State bank sistant here today conferring with were receiver the Coffin, bank.
Snyder and Mayor drove to Topeka Young day.
Will Sell $27,000 in Securities Banks Posted Taxes at Own Risk
Approximately will be available to Morris county from recently closed banks within two weeks. Johnson, state banks receiver, promised the county commissioners at Topeka Saturday that bonds placed in trust by four local banks to public funds on deposit would be sold promptly and the county mitted the proceeds. While some of these bonds are now quoted below par, the loss will be trifling. Bonds held by the county to guarantee deposits are as follows: Latimer 4th Liberty Loan Farmers of White Municipals Wilsey 4th Liberties Peoples Municipals The Liberty bonds were quoted 99 Saturday and is believed the municipals will bring The actual cash value these bonds should be in the hands the county treasurer between Jan. 20th and 25th. Burdick was not applicant for county deposits this year so had no public funds to protect. state that the The ruling county shares no responsibility for taxes paid into banks by dividuals, means that such payments were made at the erty owners risk and are unless the actual money reached the county treasurer. erty must pay their taxes over again look to the banks for refunds of the first payments. There not even any provision for the county to remit tax penalties in these Penalties are running now and continue to mount until tax money actually reaches the Farmers who borrowed all their tax money from banks stand to lose nothing the penalty for failure to pay by Dec. their notes will be concelled by the fact that the bank failed to remit taxes after making loans.
Wilsey Bank Receiver Heads Phone Exchange Again
Directors of the Council Grove Mutual telephone company held first meeting since the annual meeting in March at the Farmers Drovers bank this morning. The following slate officers was elected on motion Campbell: Coffin. Vice Wilson Trembly White The directors retained Admire manager of the local exchange for another year. fairs the company were cussed and no new work of portance was authorized. concern was reported in first class condition.
Rhodes to Pay 25 Percent at White City Now
The first dividend to depositors from any of the five Morris county banks which closed last winter paid this month by the Farmers State of City. Rhodes, assistant receiver, has secured authorfrom Chas. Johnson, general bank to disburse dividend of 25 per cent on May 25 per cent will return about $8,000 to deThe White City bank closed on Jan. and is putting portion of its frozen assets back in circulation ahead of the Burdick Latimer, Wilsey, and Parkerville banks which suspended about the same time. At Latimer meeting bank officials has been called for this week and is likely arrangements will made to declare dividend there.
NOTICE OF SHERIFF'S SALE in the District Court of Morris County Kansas The Travelers Insurance Company, corporation Alex Metcalfe, Sarah F. Metcalfe, his The Wilsey Bank, corporation, and W Johnson, receiver of the Wilsey State Bank, Defendants No. 8171 By virtue an Order of Sale isout of the above entitled District Court in the above entitled action will on Monday the 27th day of June, 1932, at m day, at the East front door the Court House, in the City of Council Grove, Morris County Kansas, offer for public sale and sell to the highest and best bidder for cash in hand all the following described real estate in the following manner will first offer for sale the northeast quarter of the southeast quarter of section thirty (34), township fifteen range seven (7), east of the 6th M. Morris County, Kansas, and accept bids thereon. will then offer for sale the southeast southeast quarter said section (34) and accept bids thereon. If the total amount of the two highest bids for said tracts equals the amount of the judgment rendered in the above entitled action in favor of the plaintiff together interest, costs and taxes will sell said tracts of land separately to the highest bidder therefor said tracts of real estate will not sell separately for amount sufficient to pay said judgment interest, costs taxes, will then offer said tracts, being the entire east half of the southeast quarter of said section (34) for as whole and will sell to the highest and best bidder for cash in hand. will also offer for sale separ. ately the southwest quarter southeast quarter said section thirty four (34) and the same to the in hand. highest and best bidder for cash Said real estate is taken as the property Alex and Sarah Metcalfe, his wife, defendants in this case, and will be sold without appraisement to satisfy said order sale and the judgment rendered in favor of the plaintiff in this case in the sum of $1.943.18 with interest 10 per cent from May 1932, and the further judgment rendred in The Wilsey State Bank and Charles Johnson, receiver in the of $2,123.96 interest a per cent per annum from May 14, 1932 and for costs. Given under my hand at the sheriff's office in the City of Council Grove, 24th of County, 1932. Kansas, this day May, J. PARKER Sheriff of Morris County, Kansas Lillard. Hurd & Eldson, Harry E. Attorneys for Plaintiff (1st pub May 25; last pub June 22)
Unemployment and Big Cost of Government Also Are Assailed.
By RALPH TURNER United Press Staff Correspondent
NEBRASKA CITY, Neb., June 24 -High taxes, unemployment, absurdly low prices for farm products, the high cost of government-these are the political thoughts that race trough the minds of men who live along the rich lands of the Missouri vallew in southeastern Nebraska. There is confusion about it all. The residents of this town and Falls City, farther south, do not necessarily talk in terms of political partisanship. But they are emphatic about the realities of today and they say these realities are the things that should concern poli-
Prohibition Is Secondary. The moral or constitutional phases of prohibition are decidedly secondary, although they say in Falls City it might be good idea to legalize the sale of liquor, because perhaps this would mean more jobs and government revenue and would lighten the tax burden. "We have 3,000 customers in this bank," said Catron, president of the Farmers bank. see them all from time to time. They say expenses must be cut. that taxes are too high, and that we must live like we did back in the 90's They don't talk much about prohibition. They talk about how much money spent in Washington and about low prices they get for their corn and wheat cattle and hogs and their fruit. Why, one man told me today. he had had to sell his eggs as low as 5 cents dozen. Up walked J. W. Haberg. one of the 3,000 customers, who agent for the Chicago, Burlington & Quincy, and also owns farm. "The taxes on my farm last year." he said, "were $422.97. In 1922 they were about $100. The government should stop spending money and reduce taxes." On the opposite corner. J. C. Thygeson, proprietor of drug store, remarked that business would be bad until the farmer gets more money for his produce. Should Benefit. "But Hoover's done as well as anybody could," he added. In Falls City, like this town, about 7,000 in population. the people talked much the same lot the people sore about it," thought A. B. Rose, who conducts A corner store. "Taxes are up and prices are down. They think prohibition maybe should be repealed because then the government could tax liquor. "The money bootlegger owner the People's people are going to buy "So liquor, long any- as way, why not let the government get the money for it?" W. Crook, owner of hardware store, said: "I'd be indicted if told you what thought. The government is full of racketeers."
DEPOSITORS GET DIVIDENDS COUNCIL GROVE, Kan.-Dividends have been paid to depositors of two Morris county banks which closed six months ago. The Wilsey State bank made first payment of 20 percent and the Latimer State bank first payment of 25 percent Officials said both banks would probably pay in full.
PAYS STOCK LIABILITY The estate Hutchinhas paid $200 to Johnstate coverdouble liability for two shares of stock owned the former the Wilsey bank the time suspended.
A suit has been filed in district court by Johnson in behalf of the Wilsey State bank collect double stockholders from Atkinson for liability shares owned in that institution failed few years The Burdick cattleman held 20 shares of the bank stock with face value of $100. The bank ceiver asks that he be required pay $2,000 into court to help the instituliquidate tion. Joe Lynch of Herington the attorney.
Suit for the collection of note given the Wilsey state bank before its suspension has been filed in district court by Chas. Johnson, bank receiver. The defendant Sanford. The akss judgment of plaintiff and interest.
C. W. Johnson, acting as receiver for the Wilsey State bank, has brought suit before Judge C. M. Clark against J. A. Mowery of Wilsey on a note given in 1931 to the bank. The receiver is asking the recovery of $402.70.