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Battle Creek Bank Open for Business Battle Creek, Neb., July Battle Creek valley bank which suspended business for time while was being affected, today was again open for business under its newly formed organization. All deposits of the bank were cared for in full, it was reported to the state banking department and the capitol stock remains $40,000. Its deposits, prior to the zation, were approximately
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Reorganized Battle Creek Bank Resumes Operation Battle Creek, Neb., June The Battle Creek bank which suspended business time while re-organization was being again open for business its newAll of the bank were cared in was to the banking the capital remains $40,000. deposits, prior to the re-organization, were approximately $135,000.
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FORMAL APPLICATIONS DENVER, Colo., July 5—UP—Formal applications for commutation of their sentences from death to life imprisonment were filed today with Governor W. H. Adams by the trio of Lamar bank bandits. The three men, Ralph Fleagle, Howard Royston and George Abshier, are in the state penitentiary at Canon City awaiting execution for two murders committed during the robbery of the First National bank at Lamar, in May, 1928. Fleagle's execution is set for the week ending July 12, while Royston and Abshier are to be hanged the week ending July 19. BANK REOPENS BATTLE CREEK, Nebr., July 5—UP—The Battle Creek valley bank which suspended business for a time while reorganization was being effected, was again open for business under its newly formed organization. All deposits of the bank were cared for in full, it was reported to the state banking department and the capital stock remains $40,000. Its deposits, prior to the reorganization, were approximately $135,000. DODDS KILLED LAGUNA BEACH, Cal., July 7.—(U.P.)—Dick Dodds, wealthy young Beverly Hills sportsman and manager of the women's national air derby, was killed when his airplane went into a spin near here yesterday and plunged into the Pacific ocean. Make that extra room pay. A News-Times want ad will find a satisfactory renter for you.
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BATTLE SUSPENDS Lincoln. Oct. With posits half million dollars. the Battle Creek Valley bank. of Battle Creek, Neb. suspended operations today for more complete and thorough re-organization. George W. Woods, state bank At the same time. he announced that Walton State bank of Walton, with deposits of $47,000. was liquidated by order of its depositors. The depositors will be paid in full and order to effect an orderly liquidation. the bank will no longer receive deposits or checks. pay The Battle Creek bank suspendbusiness for few days several months ago and re-opened with new board directors and some additional Woods said. After operating few months the present management has discoverthat the condition of the bank as left by the former officers less than at first anticipated and the present suspension
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BATTLE REORGANIZATION Complete and Thorough Re-Organization of Bank to Undertaken Once. LINCOLN, Neb., Oct. With deposits of approximately half million dollars, the Battle Creek Valley bank, of Battle Creek Neb., suspended operations today for complete and thorough re-organization, George Woods, state bank commissioner, announced. At the same time, he announced that the Walton State bank, of Walton, with deposits of was liquidated by order of Its directors. The depositors will be paid in full and in order to effect an orderly quidation, the bank will no longer receive deposits or pay checks. The Battle Creek bank suspended business for few days several months ago and re-opened new board of directors and some ditional Woods said. After operating few months the present management has discovered the condition of the bank left the former officers is less satis factory than at first anticipated and the present suspension has been de cided upon to enlist the help of the depositors eliminating all slow and doubtful assets which are handicap to the present management, Woods declared.
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CLOSE BANK AT VALLEY CREEK Woods Also Announces Walton Bank Liquidation. Lincoln, Neb., Oct. deposits half million dollars, the Battle Creek Valley bank, Battle Creek, Neb., suspended operations Tuesday Yor more complete and thorough reorganization, George W. Woods, state bank commissioner, announced. At the same time, he announced that the Walton State bank, of Walton, with deposits of was liquidated by order of Its depositors. The depositors will be paid in full and in order effect an orderly liquidation, the bank will no longer receive deposits pay checks. The Battle Creek bank suspended business for few days months ago and reopened with new board of directors some additional stockholders, Woods said. After operating few months the present management has discovered that the condition of the bank left by the former officers less satisfactory than at first anticipated and the suspension has been decided upon to enlist the help of the depositors in eliminating all slow and doubtful assets which to the present management, Woods clared.
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Banks End Operations Battle Creek House is Closed for Thorough Reorganization deposits of approximately half million dollars the Battle Creek Valley bank of Battle Creek, Neb., suspended operations Tuesday for more complete and thorough reorganization, George W. Woods, state bank commissioner announced. At the same time he announced that the Walton State bank of Walton, with deposits of was liquidated by order of its directors. The depositors will be paid in full and order to effect an orderly liquidation the bank will no longer receive deposits or pay checks. The Battle Creek bank suspended business for few days several months ago and reopened with new board of directors and some ditional stockholders, Woods said. After operating few months the present management discovered the condition of the bank was less satisfactory than at first anticipated and the present suspension was decided upon to enlist the help of positors in eliminating all slow and doubtful assets, which are handicap to the present management, Woods declared.
Receivers By Shows That Had Republicans Many Attorneys on Payroll WELLENSIEK IS LISTED Uncovers Names of Scores of Attorneys Who Were Appointed to Bank Posts Under Former tacks Bliss. Lincoln, July Bryan in answering the charges Clarence Bliss, former secretary of the banking department, Friday, declared that the republicans spent thousands dollars for attorneys fees in failed bank cases during the past two years. asserted that some of the attorneys receiving money would be asked to refund the amounts collected the state. Attorneys For Bliss On List The also pointed out that firm of Mothersead and Scottsbluff, which has filed an junction Gering on behalf of Clarence Bliss receiver of failed bank in Scottsbluff, to prevent Bryan interfering in its affairs, drew fees in nine receiverduring the last two years. Some democratic lawyers are cluded the roster made public the but he said most got only small amounts, while the big fees went to republicans. This list, he covcred only the period the Weaver biennium, ending June 30, last, the same condition prevailed during the McMullen regime. attorneys traveled all over the state for banks widely scattered places," the govercontinued. several different groups prominent lawyers have fees from the same little banks. The contest the last few days being made hold control these and keep this army republican attorneys on the payroll. Herewith are the names of the lawyers, drawn, the bank receiverships from which fees paid during the two years from July to June 30, 1931, given out by Ponca, $735, Allen State Bank, Allen: Citizens State Bank, State Bank; and Security Bank Ponca. George Hastings, Grant, $438, Allen State Bank, Allen; The State Bank, Champion; Perkins County State Bank, Grainton. Romig, Alliance, $147, First Bank, Alliance George Hager, Lincoln, $1,245,State Bank, Commerce, Ong: Exchange Bank, Ong, and Farmers State Bank, Good, Good and Kirkpatrick, Lincoln, Ashland State Bank, Line, Loup City, Bank Ashton, Bank Litchfield: and Loup City State Loup City. Stephens, Loup City, $417.15, Ashton, Cain. Falls City, $1,338.38, Nemaha Bank, Nebraska Bank, State Auburn, $10.00, County Bank, Auburn. Fred Auburn, Nemaha County Bank, Edgar Ferneau, County Bank, Auburn; Bank Crab Orchard Kelsey Kelsey, Norfolk, Battle Creek Valley Bank, Battle Creek; State Bank, Pierce; Enola State Bank, Magnet Bank, Magnet; Meadow Grove Bank. (Turn Page Eight Column Seven)
BRYAN LISTS ATTORNEYS The controversy now at its height between Governor Bryan and Bank Receiver Clarence Bliss in which the governor is accused of such interference in the labors of the receiver that the latter attempted removal of his office from the co-operation of the state banking department has prompted Governor Bryan to publish the names of the attorneys who have been employed by the receivers and the amounts paid to them in the past. The Governor recently suggested list of attorneys who should be given preference in receivership cases and as these men were of the gov. ernor's political faith, decided ob jections were voiced by the receiver. Employed heretofore in bank cases according to the list given publicity by Bryan are: B. Hurley, Ponca, $735; Allen State bank, Allen; Citizens State bank, Martinsburg State bank, Martinsburg; Security State bank, Ponca. George B. Hastings, Grant, Allen State bank, Allen, and two others. Kelsey and Kelsey, Norfolk, $5,494; Battle Creek Valley bank, Battle Creek; Pierce State bank, Pierce: Enola State bank, Enola: Magnet State bank, Magnet; Meadow Grove State bank. Fred S. Berry, Wayne, $14,605: Beemer State bank, Beemer; Farmers State bank. Bradish: Farmers State bank, Altoona; Farmers State bank. Crofton; Magnet State bank, Magnet; Dixon State bank, Dixon; State Bank of Laurel, Laurel; Orchard State bank, Orchard: Thurston State bank, Thurston; Security State bank, Wakefield. H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers. Shurtleff and Spillman, Norfolk, Breslau State bank, Breslau: James C. Guigley, Valentine, $1,220; Browneee State bank, Brownlee; Ranchers State bank, Cody: Valentine State bank, Valentine; Kilgore State bank, Kilgore; American bank Merriman. Crites and Crites, Chadron, $2,502; Chadron State bank, Chadron; Wayside State bank, Wayside; Farmers bank, Crawford (sale). W. A. Meserve, Creighton, $2,051; Security bank, Creighton; First State bank, Bazille Mills. Dolezal, Mapes and Johnson, Fremont, $4,456.61; Dodge State bank, Dodge; Farmers State bank, Ames; Dodge county bank, Scribner: Snyder State bank, Snyder; Farmers State bank, Genoa. Swarr. May and Royce, Omaha, $13,942.19; Scribner State bank, Scribner; Snyder State bank, Snyder; Brown county bank, Long Pine, and two others. Hammond, $226; Inman State bank, Inman. Sidney Frumm, Dakota City, $2,210; Bank of Dakota county, Jackson; First State bank, Nacora: State bank of Laurel, Laurel; Bank of South Sioux City, South Sioux City. NORFOLK MAN FOUND DEAD City authorities at Norfolk were called the home of Gus Bartholoto mew on Monday to ascertain if possible the cause of death of Hillard Bartholomew; 24 years old, whose body was found in the home garage by his father. From all indications the young man had committed suicide. Examination by the authorities proved that he had taken the car belonging to his father on Sunday evening without the knowledge of his parents and contrary to instructions from them. He had been out late in the evening and overturned the car. It was also learned that he had been drinking. The body of Bartholomew was found lying near the exhaust of the car; all doors to the garage were closed.
DEPOSITORS GET $82,200 Holders of Claims in Four Failed Banks Paid in August. Payments to depositors in failed state banks during August totalled only $82,211.22 Secretary Luikart of the trade and commerce department announced Tuesday Payments were received by holders claims against four banks. The banks, with August ments and percentage paid to date. follow Battle Creek Valley bank, $42, percent: Farmers Merchants bank, $9,550.26, 26 percent; Ashland State bank, $11,67 State bank, West Point, 57 percent.
STATE REOPENS ITS DOORS Depositors to Be Paid in Failed Banks Pay Dividends. The reorganization of the Crawford State bank, for busiand the payment total of dividends depositors five failed state banks were by Governor Bryan. The Crawford State bank business Oct. 21. The new R. Ivins, president, Duncan, vice president cashier. The capital stock $30,000, surplus $10,000 undivided profits about $3,000. The bank reopened with deposits $160,957. The depositors co-operated in the reorganization by signing agreeing to cept of their but all depositors are to be paid in full and without any depositors of the Farmers State bank of Loomis, upon order of the district court, dated Dec. totals $7,163.37, 10 percent. During receivership percent $32,235, had previously paid. The Battle Creek Valley bank at Battle Creek will now cent dividend viously 15 percent or $42,900.61 been paid. The Bruno State bank will pay 10 percent, or $12,188.73. The State will pay percent $22,685.97. had viously paid 15 percent or $68,The Farmers Merchants Sterling pay 10 percent It paid 46 percent or $32,591.93.
Five Banks Pay Dividends Payment of special dividends realized from assets of five failed banks to the depositors of those institutions is announced by the state bank receivership division, as follows: Battle Creek—Battle Creek Valley bank, 5 per cent, $14,300; previous payment, 15 per cent, $42,901; total, 20 per cent, $57,201. Bruno—Bruno State bank, 10 per cent, $12,189. Chadron—Chadron State bank, 5 percent, $22,686; previous payment, 15 per cent, $68,058; total, 20 per cent, $90,744. Loomis—Farmers' State bank, 10 per cent, $7,163; previous payments, 45 per cent, $32,235; total, 55 per cent, $39,398. Sterling—Farmers' & Merchants' bank, 10 per cent, $7,060; previous payments, 46 per cent, $32,592; total, 56 per cent, $39,652. In the case of the bank at Sterling, 58 per cent of its original deposits were withdrawn while the bank was being operated by the old guaranty fund commission. The percentage since paid are based on the amounts due depositors when receivership began.
CRAWFORD STATE BANK REOPENS ITS DOORS Depositors to Be Paid in Full—Five Failed Banks Pay Dividends. The reorganization of the Crawford State bank, opened for business Wednesday, and the payment of a total of $63,398.93 dividends to depositors of five failed state banks were announced by Governor Bryan. The Crawford State bank suspended business Oct. 21. The new officers are O. R. Ivins, president, S. P. Duncan, vice president and cashier. The capital stock is $30,000, surplus $10,000 and undivided profits about $3,000. The bank reopened with deposits of $160,957. The depositors have co-operated in the reorganization by signing waiver contracts agreeing to accept payments of their deposits in monthly installments but all depositors are to be paid in full and without any write-down. Dividends to depositors of the Farmers State bank of Loomis, upon order of the district court, dated Dec. 2, totals $7,163.37, or 10 percent. During receivership 45 percent or $32,235, had previously been paid. The Battle Creek Valley bank at Battle Creek will now pay a 5 percent dividend or $14,300.32. Previously 15 percent or $42,900.61 had been paid. The Bruno State bank will pay 10 percent, or $12,188.73. The Chadron State will pay 5 percent or $22,685.97. It had previously paid 15 percent or $68,057.89. The Farmers & Merchants of Sterling will pay 10 percent or $7,060.54. It had previously paid 46 percent or $32,591.93.