THE ALLIANCE HERALD, FRIDAY, MARCH 18, 1921
New Law Brings
A!l Banks Under
Guaranty Fund
Three months from the Vtv.r that the
present legislature adjourn a now law
that will bring all state banks in Ne
braska under the guaranty fund will
jro into clfert. Two years ago the law
van umended so as to require a two
year period of probation, hut accord
ing to this new one till not now under
the law must come in within thirty
jj IMPERIAL I
j: Tonight Tonight jj
j; Shirley jj
jj Mason jj
l The Screen's Most Pretty l
lm and Unique Actress !j
;I in T
jj The Little jj
jj Adventurer
jj USUAL COMEDY jj
I- Mat. and Night, 15c and 30c l
SATURDAY jj
J SEVEN BIG ACTS OF JOY j"
LAUGHS LAUGHS
jj Buster ji
t Keyton $
m
I tTheSaphead' I
Mat. and Night, lCc and SCc
jj SUNDAY
jj Owen
jj Moore
lays after it K',f"s into effect hy pay
inir 4 per rent of the capital Ktork into
the fun. I.
'J'his law nmends reclions II, K am
Ifi of the Shrinking law. In the f.rs.t
named section the jiait eemptinf
,'roin the making of report. hank
.hat have ml hern in hu mess for tw
years is struck out, and nil new hank.
ire required to file the renort rallr
for in section 1" of the existing law.
Section 1; i amended ko as to give
the state banking department th
lower to deny an application for a new
harter if it is nut convinced that th
'public necessity, convenience and nd
vantape will be promoted by permit
tin? such proposed bank to engage ii
business."
Section 40 i amended to read n
follows: "Any bank organized sub
eiuent to the date when this tirticb
lakes effect shall pay into the deposi
tors' guarantee fund an amount equa'
0 4 per cent of the nmount of the
-apitai stock, when such bank open,
for business, which amount shall con
titute a credit fund, subject to nd
iu.-tment on the basis of said bank':
iverage daily deposits, as shown b
he first, two semi-annual statement
required by section 4" of this article
The department of trade und com
metre is authorized and empowered t
make such an ad justment of the rate
f assessment to be paid by any ban!
which engages in the banking busines.
ubseouent to the time when this arti
He takes eli'ect, as hall require sucl
bank to contribute to the depositors
guarantee fund, a just and equitable
sum, and the department of trade am
commerce shall adjust assessments o'
such bank so that the first two assess
ments, together with the credit of in
amount equal to 4 per cent of the cap
ital stock paid in by said bank when i
begins business shall at least equal )
per cent of the average daily deposit.
of said bank as shown by the first twe
semi-annual statements required b?
ec.ion 4"j of this article. Such pay
ment shall not be required of new
banks formed by the reorganization o.
consolidation of banks which have
prior thereto, complied with the law
with reference to the payment of as
sessments. .
"When any bank hereafter organ
ized shall acquire the business am'
resources of any national banking as
sociation, such bank shall pay into the
depositors' guarantee fund not less
than 1 per cent of said national bank
ing association's average daily depos
its as shown by the report of the
comptroller of the currency for the
preceding year. On the first day of
July ami January of each year the de
partment shall levy on all banks ther
engaged in banking under this article
which have completed their initial pay
ments of not less than 1 per cent o'
their nverage daily deposits as pro
vided in this section, one-iw ntieth o
1 per cent of the average daily depos
its as shown by this statement requir
ed to be made' and filed next pieced
ing such assessments.
'Every corporation to which a char
ter has been granted since April 4
1 i 1 f to conduct the banking busines.'
shall pay into the guarantee fund ar
amount equal to 4 per cent of it
capital stock within thirty days afteT
the taking effect of this act and there
after shall be subject to assessment
in the same manner as banks here
after established."
m
5
5
"The Poor
Simp"
Stock hogs wanted by the Ne
braska Land Company. 103-tf
REGRETTABLE OMISSION
"Cousin Henry," gasped the country
visitor from Woodpecker Flats, "you
just missed that man."
"Can't helo it," bellowed his city-
relative, throwing her open another
notch. "Haven't got time to go back
and try again." American Legion
Legion Weekly.
iiinii;iiiiiiiiiniiiiiiihiiiiiuii!iiiiiiiiuiiunniniiiiuii;un)iiu;iiiii!:iiininiiii:;rr!
Your Neighbors
and Friends
By some unknown method seem to
know whether you are getting
ahead, standing still or going
backward in a financial way.
A nice little balance in this strong old
Bank will give you more self-con-V
fidence and open up the way to
' more profitable deals than you
imagine.
Save with us 'till you have a working
capital. It pays you feel stronger
your neighbors will begin to look up
:o you and you are off on the right
road.
The
First National Bank
jj:;:::::natnnnt::::n::u::n:
I
HEMINGFORD
Mrs. Iknnett was an Alliance cullei
Sundav.
Sam Graham Is much improve 1 a'
his writing.
Adolpli Foutstren has accepted i
osition at the post o.Ticc.
Ihe M. Ii. aid met ut the Huttoi
lome Wednesday afternoon.
Mr. ind Mrs. W. II. Kiester wen
Alliance shoppers Saturday.
Evelvn Swan.-on spent the week cm
it the O.-car Swumon home.
Mr. J. W. Smith's mother of Sidney
arrived Wednesday for a visit.
Misses Elizabeth and Joscphim
Miller were callers in town Wcdnes
lay.
Air. Andrew has begun plowing a
lie Sauerwein farm with his Molim
tractor.
ir. nnd Mr. John O'Mara and Mrs
Pom Kosmi.-ki were Alliance caller:
Saturday.
I.ockhuit and his I, assies which pu
n tne riiriv at tne opera nouse w.i
well attended.
l'aul Reeves' mother of the fasten
rut of the state is here visiting hir
Mrs. Menkes daughter of Lincoh
u rived the last of the week for a visi
villi home folks.
M'-ses Madge and Lillian Grahar
f Alliance were callers at Sam lira
lam s Saturday.
.Airs. Carey and Mrs. Wjldy wen
assfngers to Alliance luesdav. re
inning home the following evening.
Mr. and Mrs. A. J. Gannon an
o'inced the arrival of an S'i nmim'
aby girl Sunday at the C. II. Huidie
home.
Mr. and Mrs. Ren Andrews of Sbor
ln, Wyo.. arrived Fridav for a visi
with their parents. Mr. and Mrs.
Sheldon.
Mr. ami Mrs. John O'Mara and Mi
and Mrs. Tom Komiski and Wil '
Hammond were callers at Kiester'
nursday evening.
Mr. and Mrs. Henrv Finke. an'
laughters Clara and Mabel and Mi
nd Mrs. John Feltv. were Alii
hoppers Wednesday.
Mrs. Addy has resigned her nositinr
it the Home bakery and has gone U
the country to work. Miss Elvi
Bunce took her place at the bakerv.
Margaret Dixon has resigned he
losition at the post office and will visi'
with relatives for a few davs and ther
leave for her home at Red Cloud
Nebraska.
Mr. and Mrs. Ketleman of the nortl
table were in town the last of tht
week. Mr. Kettleman went on to An
tioch while Mrs. Kettleman visited at
the Wilt home.
Mrs. Gentry and (laughter of Lin
coln arrived the first of the week tr
attend the funeral of Mr. and Mrs
lentry's baby which was held Mondav
it the Methodist church.
Mr. and Mrs. Joseph Manior. were
very pleasantly surprised Sunday af-
ernoon when a number of the neigh
bors called to help celebrate Mr. 'an-
on s birthday. A very nice lunch wa.-
erved. Those present were: Mr. am'
Mrs. Joel Sheldon, Mr. and Mrs. John
Manion, Mr. and Mrs. Ben Andrews of
Sheridan, Wyo., Mr. and Mrs. James
McLean, Mr. and Mrs. Harve Kiester,
Mr. and Mrs. Smothers. Mr. and Mrs.
William Iodance, Mr. and Mrs. John
Gerdes and family, Mr. and Mrs. Ab
tny Gerdes, Mr. and Mrs. Thomas
Manion and son, Mr. and Mrs. William
Manion and family, the Misses Jose
phine Manion, McNulty, Margaret
Kiester, lcuth Smothers and Messrs,
John Watson, David Shark, Max Mos-
cript, Will McLean and George Gerdes,
All reported a fine time.
Cottonseed cake for sale.
O'Bannon & Neuswanger. Phone
71. 29tf
LAKESIDE
-
Makers of
Good.
.arness
i n If! whmi
M 1 ; - Mm if wj
n ! f i ; I i V
Mrs. William Shea went to Alliance
W ednesday.
Rev. Chas. Burleigh was an Alliance
visitor Monday.
ihe ladies aid society met at the
church Wednesday.
Mrs. fcd. House left Tuesday on No.
44 for Grand Island.
CeCil Wilson was in from the ranch
Wednesday afternoon.
Roy Ritter drove in from his home
near Ellsworth Tuesday.
It. U. Kirkpatrick returned from
Omaha on No. 43 Tuesday.
Koy stoop drove in from the Star
ranch Tuesday after a load of coal.
Cecil Wilson ami family have moved
to their ranch north of town recently.
Dr. Wessen returned the first of the
week from a business trip to Omaha.
H. S. Fullerton and family were up
from their ranch the middle of this
week.
Henry Bond, traveling salesman,
was a business visitor Wednesday
morning.
Ollie Weaver and family have re
turned from a visit with relatives at
Alliance.
Mrs. Henry Stoop returned from a
few weeks' visit with relatives at
eastern points.
Mrs. Hazel Beck Conner and little
daughter were Alliance visitors Tues
day and Wednesday.
Lrnest Lndermll left on No. 44
Monday for Hyannis where he has a
position on a ranch.
rrank Westover and daughter and
W. P. Trester, were shopping in town
Wednesday afternoon.
Mrs. I. D. Whaley and little grand
daughter went to Alliance Tuesday
and returned Wednesday.
Mr. Underhill and daughter, Mrs.
Delia Powell, returned from a western
business trip Wednesday.
Ray Toline returned to the Alliance
hospital Wednesday after a few days'
visit with his family out north of
town.
Mrs. Morris Shey and daughter,
Martha Jean, returned from a few
weeks' visit with relatives at New
cast, Wyo., Wednesday.
Mrs. Kahlor and little grandson
went to Grand Island Monday for a
visit before going to their new ranch
home near Gillette, Wyoming.
George Hunsaker and family drove
down from their home in Antioch Sun
day and celebrated the former's birth
day at the home of his mother, Mrs.
Anna Hunsaker.
Stock hos wanted by the Ne
braska Land Company. 103-L'
OUR NO. 645 TEAM HARNESS WITH CHECK UP STRAP AND CRUPPER
Some people have paid as much for Second
Hand Harness as we ask for New Ones.
Come in and Let Us Show You
ttHtKHKt
PU TM If
IC
As I am leaving for my homestead in Wyoming, I have decided to
sell at public auction at the Frank Harvey place, nine miles east of
Alliance and one mile northeast of the E. E. Fenner place, on
Monday,
M
arch 21, '21
COME ONE AND ALL -:
BEGINNING IMMEDIATELY AFTER FREE LUNCH AT NOON
The following described property, to-wit:
LIVESTOCK
29 Head of Cattle 29
Seven milk cows, all coming fresh; eight head of steers, coming 2-year-old; seven coming
yearings; seven head heifers, coming 2-year olds.
Farm Implements
One O. K. Champion potato digger, good as new ; one 0. K. Champion potato planter,
good as new; one John Deere 8-foot disc in good shape; one McCormick mower and one
McCormick hay rake; one three-section harrow; one potato sorter; one hay rack; one
3V4-in. wagon; one Pull-a-Ford in good shape; one feed grinder, 25 to SO bushels capacity;
one hay sweep; one corn sheller; one hog chute; one Old Trusty 200-egg incubator, brand
new ; two brooders ; five dozen hens and other articles too numerous to mention.
TERMS: $50 and under, cash; all sums over this amount seven months' time will be
given on bankable paper bearing 10 per cent interest from date of sale.
P. O. MUNTZ, Owner
H. P. COURSEY, Auctioneer
CHARLES BRITTAN, Clerk
