First State Bank (North Bend, NE)

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Receiver Asked

Fremont, Neb., petition urging the Robert Schuyler, member of the guaranty fund comfor the funct First State of North Bend, filed in district court yesterday by state, through Atty. Gen. Sorensen. The urged the appointwith instructions affairs' of the institutions and liquidate the funds. The bank failed Jan. 1928, and its affairs placed the hands of the commission by the state banking department.

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BROWNELL FOR NORTH BEND BANK RECEIVER tion urging the appointment of Ro ert 0. Brownell of Schuyler, men ber of the guaranty fund commission, as receiver for the delum First State bank of North Bend, was filed in district court yesterday by the state, thru Attornet General C. A. Sorensen.

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DEMAND MADE ON A BANK RECEIVER

FREMONT Neb. April District Judge Fred L. Spear issued an order late Thursday for R. W. Brownell to appear in court here April 13 to explain his acts as receiver for the First State bank of North Bend It is charged that Brownell disposed of part of the bank's assets without a court order

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NORTH BEND BANK RECEIVER RETAINED

Fremont, Nebr. May 22 (/P) Judge Frd L. Suar, in district court here yesterday refused to remove R. Brownell from his position as for the First State bank, of North Bend. At same time Judge Spear approved petition of the bank's depositors for the sale its assets and authorized Brownell to call for sealed bids against the wishes of the state department of trade and commerce. In continuing Brownell as the bank's receiver. Judge Spear found that he had been performing his duties and diligently the state had claimed that he was not working for the best interests of depositors.

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REMOVAL OF NORTH BANK RECEIVER REFUSED

Neb., May 22. Fred Spear, in district court here yesterday, refused remove Brownell from his position receiver for the First State bank, of North Bend. At the same time Judge Spear approved petition of the bank's positors for the sale of its assets and to call for scalbids against the of the state of and In continuing the bank's Judge Spear found that he had been performing his duties "carefully diligently.' The state claimed that he working for the best interests of

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REFUSES TO DISCHARGE BANK RECEIVER

Fremont, Neb., May 22. (A.P.) -Judge Fred L. Spear, in district court here yesterday refused to remove R. Brownell from his position as for the First State Bank of North Bend. At the same time Judge Spear approved petition of the bank's depositors for the sale of. its as sets and authorized Brownell call for sealed bids against the trade and commerce. In continuing Brownell as the receiver, Judge Spear found that he had been ingrhis duties "carefully and diligently" the state had claimed that he was not working for the best interests of depositors.

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Refuses to Fire Bank Receiver

FREMONT, May memorandum opinion handed down in district court Tuesday, District Judge Fred L. Spear expressed the opinion that R. O. Brownell, for the First State bank of North Bend. had been "careful and diligent" in closing the affairs of the bank and refused to authorize the removal of Brownell, as asked by Attorney General C. A. Sorenson and depositors of the bank. However. Judge Spear, upon the request of 20 depositors. authorized Brownell to call for sealed bids on the assets of the bank as whole. Both Brownell and the state department of trade and commerce had asked that the depositors. request for a sale be overruled.

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NEBRASKA NEWS NOTES.

Garage. David late Saturday destroyed the storage garage Charles Machurek, the barber shop Glen Sargent. Loss estimated twenty-two including seventeen automobiles.

Bridge Rebuilt. hase been sumed bridge south of the Burlington station here, spanning drainage put out during heavy rains weeks ago. been of its ing room for new 150 foot bridge built

Commission Bans Water. continued dry has caused too heavy drain the city wells, city ordered the use city water except for domestic purposes.

Order New Hearing. Spear day ordered hearing the of assets the closed First State bank North Bend. Both and the bidder offerobjected court's finding that the bid should rejected. and the bank liquidated otherwise. The held before Judge Clinton Chase of Stanton.

Petitions Air Mail Stop. the volume mail handled daily increasing. the Sidney Chamber Commerce has decided petition the make this city regular stop on the route. Many Sidney business men have the desire airplanes for their business trips to Omaha.

Thousands Pienic. Long Several thousand an annual the North railroad employes held here Sunday. Representatives of along the line from Chicago to Casper, present.

ASSORTED SMILES.

"What's she singing?" "It sounds like have pajamas? New the doctor had Arcanum Bulletin. have you got there? insect powder. heavens! You aren't going to commit Pathfinder. your license. campers, fishing. dog, hunting builder's license? Helen reach the license file from under the seat. really love ought to much? my look over the was that peach saw you night?" wasn't grapefruit." "Why grapefruit?" squeezed her and she hit me the Visitors.

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ORDER NEW HEARING ON SALE OF BANK ASSETS

Fremont, Neb., July 30 (AP) Fred Spear has dered new hearing on the sale of assets of the closed First State Bank at North Bend. Both depositors and the bidder who fered for the assets, have objected to the court's finding that the offer should be rejected, and the bank liquidated otherwise. The new hearing will held Thursday before Judge Clinton Chase of Stanton.