76-1143Receiver Luikart has made a final payment of 2.2 percent, $3,439.72, to the State Bank of Humboldt, making a total of 37.2 percent or $58,162 paid during receivership. Fifty percent of the original deposits were paid during the going bank period. A dividend of 3.2 percent, $3,412.02 has been paid to the Farmers State in Genoa, making a total of 23.2 percent, or $24,737.16 paid during receivership.
Unemployment And Mothers' Benefits Are Also Included LINCOLN, Nov. 12 (AP)—The Nebraska legislature was asked today to pass an old age pension, unemployment insurance, and mothers' pension bill providing for $10 weekly benefits raised by a graduated tax on inheritances, gifts, and individual and corporation incomes of more than $5,000 annually. The unemployed council of Omaha made the request in a communication to the house of representatives, which referred the council's letter and proposed bill, modelled after the Lundeen bill presented at the last congress, to its revenue and taxation committee. All unemployed, including strikers, would be paid $10 a week under the measure and would receive an additional $5 per week for each dependent child. The same benefit would be paid to persons over 55 years of age and to expectant mothers, who would start drawing pensions eight weeks before the child is born and would continue drawing them until eight weeks afterward. Burden on Wealthy "This bill puts the burden of taxation on the rich, for there is to be a graduated tax, the higher incomes to be more heavily taxed," said the communication sent by Ezra Capleton and Charles Matteson, both of Omaha and officials of the unemployed council. "The governor's bills put the burden on the poor of the state through taxes which they must pay either directly or indirectly. The wealthy corporations of the state can and should pay the cost of social insurance." The measure would go into effect immediately upon passage. Funds for immediate pension payments would be obtained by taking all unencumbered funds in the state treasury and crediting them to the social security fund. Consider Bank Report LINCOLN, Nov. 12 (AP)—Further consideration of the report of the committee which investigated the receivership division of the state department of banking occupied two more hours of the Nebraska senate's time today, as it heard three witnesses and received a copy of the long-missing report of the late A. B. Hoagland and correspondence relative to the Farmers' State bank of Genoa. W. V. Hoagland, North Platte attorney, brother of A. B. Hoagland who was a field auditor for the receivership division, presented copies of the report and correspondence to the senate and said the copy of the report was the one containing the original page five. In a later report, Hoagland testified, page five of the report was changed to eliminate any reference to Charles W. Bryan, former governor and now mayor of Lincoln, he said his brother told him the report was changed at the request of E. H. Luikart, former superintendent of banking and now judicial bank receiver. Bryan Not Involved A letter from Hoagland to Luikart, however, said Bryan was not involved in the matter. The last paragraph of the letter, read into the record by Bryan, follows: "That when this certificate was cancelled the bank issued certificates * * * to Mr. C. W. Bryan; that my report in no way reflects that Mr. Bryan received funds from the fraudulent issuance of certificates of deposit in May and June, 1925 and is in no way involved in my report." Bryan told the senate he was not governor during the time of any of his transactions with the Genoa bank. The Genoa bank incident, involving certificate of deposit transfers with a Florida bank, has been an issue in several political campaigns.
GENOA BANK CASE IS AIRED BEFORE SENATORS TODAY LONG-MISSING REPORT OF LATE A. B. HOAGLAND PRODUCED IN EVIDENCE THREE WITNESSES TESTIFY Bryan Reads Into Record Part of Letter from Hoagland to E. H. Luikart Which Intended to Exonerate Former Governor Lincoln, Nov. 12 — (AP) — Further consideration of the report of the committee which investigated the receivership division of the state department of banking occupied two more hours of the Nebraska senate's time today as it heard three witnesses and received a copy of the long-missing report of the late A. B. Hoagland and correspondence relative the Farmers State bank of Genoa. W. V. Hoagland, North Platte attorney, brother of A. B. Hoagland who was a field auditor for the receivership division, presented copies of the report and correspondence to the senate and said the copy of the report was the one containing the original page five. Report Was Changed In a later report, Hoagland testified, page five of the report was changed to eliminate any reference to Charles W. Bryan, former governor and now mayor of Lincoln. He said his brother told him the report was changed at the request of E. H. Luikart, former superintendent of banking and now judicial bank receiver. A letter from Hoagland to Luikart, however, said Bryan was not involved in the matter. The last paragraph of the letter, read into the record by Bryan, follows: "That when this certificate was cancelled the bank issued certificates x x x to Mr. C. W. Bryan; that my report in no way reflects that Mr. Bryan received funds from the fraudulent issuance of certificates of deposit in May and June, 1925 (correct) and is in no way involved in my report." Wasn't Governor Then Bryan told the senate he was not governor during the time of any of his transactions with the Genoa bank. The Genoa bank incident, involving certificate of deposit transfers with a Florida bank, has been an issue in several political campaigns. Thomas Ashford, 72, a Homer merchant, appeared before the senate at his own request to refute what he said was a blot on his character as contained in the transcript of testimony taken by the committee. He also appeared before the house banking committee last night. The senate hearing will be resumed this afternoon and the house banking committee will continue its hearing on the report tonight.
Hoagland Gives Senate Committee Missing Report; Letter Clears Former Governor In Deal. Lincoln, Nov. 12, (AP)—Further consideration of the report of the committee which investigated the receivership division of the state department of banking occupied two more hours of the Nebraska senate's time today, as it heard three witnesses and received a copy of the long-missing report of the late A. B. Hoagland and correspondence relative the Farmers State bank of Genoa. W. V. Hoagland, North Platte attorney, brother of A. B. Hoagland, who was a field auditor for the receivership division, presented copies of the report and correspondence to the senate and said the copy of the report was the one containing the original page five.