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Bank Receivers Named. Beatrice, Neb., June 19.—(Special)—Judge Moss of the district court today appointed E. J. Dempster receiver of the defunct Farmers State bank of Adams, Neb., which was closed May 22, 1924. The funds of the bank, amounting to about $42,000, together with other property, which has been handled by the state guaranty fund, have been taken over by the Adams State bank. The officers of the defunct concern were Albert Krueger, president, and A. L. Larson, cashier.
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DISPUTE OVER A DEPOSIT Adams Bank Receiver Claims Money Represents Assessment on Stock of Bank. The state guaranty fund commission has appealed to the supreme from judgment that said court recover from the fund $250 for herself, $250 for M. E. Darnell and for the Auto Sales company on deposits made in the Farmers State bank of Adams, now under receivership The three parties named were stockholders the bank, and they said the deposits were made with express understanding that they were to be paid to the bank as assessments on their stock to the amount 50 per cent of its par value If Arthur Larson, the cashier, and Albert Krauger, the president, and the other stockholders would do the same. They say that these two officials exhibited checks and made the statements that these were in payment of their but that they did not pay It. Not having done so they asked that these be treated as deposits. The lower court held that they were right in their position, and from the fund. The takes the position that the stockholders and directors voted the and that these were upon the stock in therewith and that they are not entitled to reas general claimants or from the fund
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DISPUTE OVER A DEPOSIT Adams Bank Receiver Claims Money Represents Assessment on Stock of Bank. The state guaranty fund commission has appealed to the supreme court from a judgment that said Jennette McCarty was entitled to recover from the fund $250 for ner self, $250 for M. Darnell and $1,250 for the Auto Sales company on deposits made in the Farmers State bank of Adams, now under receivership. The three parties named were stockholders the bank, and they said the deposits were made with the express understanding that they were to be paid to the bank as on their stock to the /amount of 50 per cent of its par value Arthur Larson, the cashier, and Albert Krauger, the president, and the other stockhold ers would do the same. They say that these two officials exhibited checks and made the statements that these were in yment of their assessment. but that they did not pay it. Not having done so they asked that these be treated as deposits. The lower court held that they were right in their position. and ordered reimbursed from the fund. The takes the position that the stockholders and directors voted the assessment, and that were payments upon the stock in accordance therewith and that. they are not entitled to reeither as general claimants or from the fund.
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SUPREME BENCH REVERSES COURT IN ADAMS BANK ACTION Litigation Involved Claim On State Guaranty Fund LARSON SERVED AS AGENT Nebr., Dec. suit from Gage county the supreme court today reversed the action the district court throwing out three certificates deposit for total of $5,000 held by the Union Automobile insurance company of Lincoln in the failed Farmers State bank at Adams, which the company presented claim against the guaranty fund. These certificates had been Issued originally to the Bankers National Life company and assigned by it to the Union. Larson Denial Payment by the bank receiver and the guaranty fund on the ground that Cashler Larson of had made an unlawful with the vice president of the Bankers National whereby the later agreed to make deposits in return for Larson's acting as the company's agent in uring business and also making personal loan of to the vice president. In upsetting the judgment the supreme court declared there was not sufficient evidence to prove collusion between officers of the bank and the insurance company in the face of Larson's explicit denial on the stand that he had made such contract.
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BAYARD MAN RECEIVES SHOTGUN WOUND IN LEG WHEN WEAPON DISCHARGED DURING STRUGGLE Certificates Valid for Repayment Lincoln. Dec. suit from Gage county the supreme court today reversed action by district court throwing three certificates deposi for total of $5,000 held the Union Automobile Insurance company of the Lincoln in the failed Farmers State Bank of Adams, which the company presented as claims against the guaranty fund. These certificates had been issued originally the Bankers National Insurance company and assigned the Union. Payment contested by the bank receiver and the Guaranty fund commission. Was Picking Corn When Other Man Enters Field, and gument Ensues VICTIM IS EXPECTED TO MAKE RECOVERY Formal Filing of Charges Will Be Made After Ruzicka's Condition Certain Bayard, Dec. to StarRuzicka, age 27, in the right leg on Tuesday morning during an altercation with Albert when shot discharged during struggle. The full charge the 410 calibre shotgun entered Ruzicka's leg about four inches above the right knee, missing the bone and causing only flesh wound. Ruzicka husking corn on the Dugan farm. miles north Bayard, when Hesseltine proached with the gun in his hand. Ruzicka says that he told the latter not come too near him with the but came on and they engaged in argument. scuffle ensued in which Ruzicka tried obtain the gun which in some manner discharged. Young then went to Ross Chapman farm and forced the latter the point the to take car and drive Hesseltine to what known the corner on the road, where the latter the car and proceeded foot to the Kuhn Brothers ranch, about miles away. and there hired of the men to drive him Alliance. Not having any money, he left the the Kuhn ranch in payment for the trip and taken far as Broncho Lake, near Alliance, where again alighted and continued the rest of the way on foot. In the meantime Ruzicka had summoned assistance and brought to Bayard where he given treatment, and Chief of Police Webb and Irvin Thurston, night marshal. started pursuit of Hesseltine. They arrived Alliance short while after he did and soon located him rooming house He offered no resistance and brought back Bayard for the night and taken the county at Bridgeport Wednesday. Ruzicka, who reported having excellent chances for recovery. states that he can no reason for the attack on him young Hesseltine. The latter, however, refuses to talk except to say that he has ample justification for his the affair. No date been set for Hesseltine's hearing, the nature the charges depending on Ruzicka's recovery.
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REFEREE PROBE BANK A. McGuire Appointed to Get Facts For Court LOAN OR DEPOSIT IS QUESTION The over the question whether Farmers' State Bank Adams held deposit the Union Automobile Insurance company California had loan from that company before Judge Moss in district court here Judge Moss appointed MeGuire and attorney, to all of the books and records in the hands the bank's receiver search any facts having bearing The Union Automobile Insurance company of California had the Farmers' State Adams. deposit. the guarantee fund would have to repay it. If loan to the bank. the lender would have depended on payment from the assets of the bank same as any other creditor. In trial the case, Judge Moss held that deposit but loan and the claim of the company. The state supreme court versed the district court and held that the $5,000 deposit. the case came up in court Tuesday, the mission's was not present. The claimant's attorney, Fred Hager of Lincoln, on hand. Moss stated that wished to get all of facts which might bearing whether the had the money had loaned to the bank. McGuire, referee, rected make an investigation and report.
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McGUIRE WILL INVESTIGATE The controversy over the question whether the Farmers' State Bank of Adams held deposits of the Union Au tomobile Insurance company of California or had received loan from that company was before Judge Moss in district court Tuesday. Judge Moss appointed J. A. McGuire of Wymore, ex-banker and attorney, to vestigate all of the books and records in the hands of the bank's receiver to search for any facts having bearing on the questions at issue.
BLISS LOSES RECEIVERSHIPS OF FOUR BANKS Judge Orders Transfer to Secretary Luikhart TURNS DOWN STATE PRO-RATA PROPOSAL District Judge Fred W. Messapproved the transfer the of the four failed state banks in the Eighteenth judicial district from Clarence Bliss H. Luikhart, secretary of the state department trade and The affected the affairs of the Hinds State bank of Odell, the State bank. the Farmers Merchants bank Wymore and the Farmers State bank of Adams. The hearing, which was featured by review of final reports receivership the former state bank receiver and by arguments in respect to allowance of costs, came yesterday as sequel to an earlier one held at with Judge Messmore presiding, in which Bliss made an unsuccessful attempt to maintain the post from which Governor to reject Though Bliss of his duties, Judge ed Bliss' contention that the affairs of bank within the of the judiclary and not the executive department. Too Expensive Judge Messmore ruled that entitled reasonable fees and expenses for work performed Bryan ordered removal, refused to accept the state's proposition for prorated expenses. The Eighteenth judicial district, he would pay its own expenses and have the affairs in other districts. only here, belief penses would prove costly to district. He allowed Bliss time to his expense and gave the state contest it formal hearing later. The state department was represented Judge C. Radke while M. Skilen was counsel for Bliss. At Grand Island GRAND Nebr., Sept. 12. receivership transfers of nine failed state banks from Clarence G. Bliss, former trade department secretary, to H. Luikart, present secretary, was ordered today District Judge Ralph R.
New Bank Receiver E. H. Luikhart has been appointed receiver of the Hinds State bank, succeeding Clarence G. Bliss. Mr. Luikhart is secretary of the department of trade and commerce. He was also appointed receiver of the Endicott State bank, the Farmers State bank of Wymore and the Farmers bank at Adams.
-County Notes- Odell Smidt, seventh and Miss Ida teacher of the Odell eighth grade spent the visiting with her parents Beatrice friends. The following were tonsil tients at the Odell Misses Opal and Marweek: of Endicott and jorie Compton Remmers of Henry Mrs. William Hardesof Steele City and Miss Viola Rickenberg of Bremen, Miss Thelma Tincher left for Lincoln Sunday afternoon where will attend the state university the coming year. Mrs. Raney Honored. Twenty friends and neighbors with filled baskets surprised Mrs. Mattie Raney at noon September her Wednesday, birthday. bountiful eightieth and most delicious served cafeteria style. number of taken. group Howard Jeffries few well chosen words behalf of the friends presented her with pretty mirror. Mrs. Raney very responded with thanks graciously and was delighted came. She the most active person of her You can see doors almost any hour of the day in the garden among her flowers, which is her soul's delight, or mowing the lawn. all which she does as well keeping the house order. She has flowers for the living well as for the dead. We spent delightful afternoon conversation and on leaving wished her many more returns the day. Harold Benda left Sunday aft. ernoon for Lincoln where will spend few days visiting with friends. Miss Irene Morris of Beatrice will give an acrobatic exhibition on the street Saturday evening the band stand. The act will to the public. Miss Morris daughter of Harry "Shorty" Morris. The Women's club met at the home of Mrs. John Callan Thursday, September 10. Will Open Bakery. Ernest Seiffert Council Bluffs, Ia., has moved his bakery equipment from Milligan to Odell and will soon be open for business. He will occupy the south rooms on the ground floor of the hotel building ,using the front room for sales room. Mr. Selffert an experienced baker and has reputation for making good things to eat. He deserves the patronage of the community his enterprise. Odell Band. The Odell band has been play one day the county fair Beatrice which will be held September 29 and and October and They will play the first day of the fair. Mrs. Joe Vejraska of Lincoln spent several days visiting with her sister, Mrs. Ray Novotity. and other relatives and friends. Mr. Vejraska spent Saturday evening and Sunday here, returnLincoln Sunday night. and Mrs. Hubert Manning and Mrs. Frank Lowe of Steele City spent Wednesday evening visiting the home Mr. Mrs. Frank Benda and family. Reverend and Mrs. Ray McMillen family left Thursday morning Omaha where Mr. McMillan will attend the annual conference of the Methodist church New Bank Receiver. E. H. Luikert has been pointed receiver of the Hinds State bank succeeding Clarence Bliss. Mr. Luikert secretary ofthe department of trade commerce. He was also appointed receiver the Endicott State bank, the Bank of Wymore the Farmers Bank Adams. Mrs. Harry Tincher was able be taken the Tincher home from the Odell hospiptal Wednesday where had undergone an operation for appendi- was over they partook their which was nice riety of eatables. Mrs. H. B. Richardson Mr. Saturday. Mrs. Ernest Oviatt Mr. guests, Mr. and had for Sunday Beatrice, Mrs. Floyd Mr. and Mrs. Frank Wolfe Lewiston and Mr. and Mrs. Ernest Hawkins and children Milo Thompson made business trip to Omaha night, taking truck load of school students held The high Friday evening in the party building Various games were played after which light rewere served. Several from here attended the public sale Monday at the farm home Mrs. Elmer Birdfield, one miles south and west of town. The Ladies' Aid served lunch good sized crowd, taking in thirty dollars. Mrs. Arthur Wagner and infant daughter, Betty Lee of near Vesta. spent the with the former's parents, Mr. and Mrs. Joe Sisco in Arthur Snyder, Harry Badgett and Lavern Peacock left early Monday for where went to find work. Mrs. D. Dinnis and daughter, and Mrs. Rex Gifford motored Crete, Nebr., Tuesday afternoon. Rev. E. Martin took his two sons, Paul and to Iowa, Monday, where the boys will tend college this year. Walter left Saturday for the western part of Kansas where he expects work with his father in the beet field. Harry Miles motored to Pawnee City, Tuesday morning. Adams son, Joan Clyde, of Culver City, Calif., are visiting with Mrs. Disher and other relatives. Lloyd Gladwell and wife have moved into Mrs. house. Mrs. Dan Kamp is visiting relatives in Ia. John Hutlege is very sick with bowel trouble. Rev. Moore is attending conference at Lincoln this week. We hope for his return to Adams. people of the Baptist church have hired Rev. Wheel:: of Liacoin for the coming year. The Royal Neighbor lodge of Sterling have invited the Adams and Firth lodges to be Friday evening as guests of their lodge. The Sunshine club met with Mrs. Joe Arnedt last The they is finished Word has come to Mrs. Stevenson her son Billy and receiving over the arriv: baby Henry Gramann getting along very nicely from his operation expects to be brought home this coming Harvey Bigley came home from Omaha he has been taking treatments for he not very much better at this writ- Mr. Art Holben is at Cortland helping for her father, who quite sick with dropsy. Fruit Shower fruit shower was given Miss Ruth Harper the home Mrs. Allen Tholen and Mrs. Henry Behrend on Saturday, Sept. The guests and relatives of Ruth. The afternoon spent in booklets of future The fruit had hidden and letters were left in different places where she was hunt and finally the box was found in the granary. Delicious refreshments were served the evening of cream and angel food cake. Burchard Mrs. Smythe moved into the house recently vacated by the Paul Wenzel family. Mary Louise Gibson from Lincoln visiting with her Mr. and Mrs. L. Williams Poteet has been helping his son, Roy, with his farm work the past few days. Misses Elva and Evelyn Moffitt of Lincoln down Saturday evening spend Sunday with fitt. parents, Mr. and Mrs. John MofBeverly Sloan has gone to Lincoln where he will attend the state university. Misses Vera and Edna Stake, nurses at the Bryan hospital Lincoln came home evening to attend the Stake family Sunday. Their brother John drove them back to Lincoln Sunday HI-Y Boys Enjoy Outing the eight cabinet of the local of food. few blankets and their bathing suits and drove camp out that night and Sunday. were: Wade and Gordon George Lawson, Delmar Blevins. Schram and Orval Mrs. John Moffitt took Elva and Evelyn evening where and Mrs. Claudue whom they Mrs. Dean Slemons Sunday in DuBois with rela- Nose Broken By Ball Sloan met with very accident while playTuesday afterDwight let the ball slip him on breaking It was time before one of the high oys noticed he was badly