PAGE SIX
PLATTSMOUTH SEIH - WEEKLY JOURNAL '
State Banks
are Freed from
Assessments
No Interference With Order Against
Collection Banking Superin
tendent Is Pleased.
. A teet case is pending in Saline
county in which the banking depart
ment seeks to recover about $279,000
of money alleged to have been il
legally transferred from the old guar
anty fund to the new or final settle
ment fund distributed to depositors
of failed banks, .
DEPOSITOR'S committee meets
Nebraska's state bankers faced
the pleasant prospect of restoring
nearly $2,000,000 to their available
reserves since the federal supreme
court refused to interfere with a Ne
braska supreme court decision bar
ring the state from collecting assess
ments against the banks. State Bank
ing Superintendent Luikart express
ed satitfaction at the decision which
will permit him soon to turn over to
deDOsitors in failed banks another
51,000,000 which has been impound
ed to pay the assessments if held
valid. These were assessments levied
before the banks failed.
Deputy Superintendent Woods said
the last available figures, those of
March 3, 1923. showed that going
state bank3 held $1,970,763 to cover
assessments made under the old
guaranty fund law and the depositors
final settlement fund law. The as
sessments had been contested and
now are invalidated. He said this
money would increase the strength
of state banks.
Vood3 said approximately $1,000,
000 held by the failed bank receiver,
could go soon to the local depositors
instead of to depositors in a few
banks which failed a number of years
ago. as would have been the case if
the department had been authorized
to collect the assessments.
"Approximately $3,000,000 in as
sessments under the old guaranty law
were involved in the ' Hubbel bank
case, Just turned down by the su
preme court of the United States,"
said F. C. Radke, attorney for the
receivership department of state
banking, "and the state stands en
joined by the supreme court of Ne
braska from collecting this amount.
Both the old and the new guaranty
fund laws, the latter of March 18,
1930, have been held void."
The banks had claimed that as
many banks had failed after that
date whose depositors' claims had
e before that date. The banks had
contended that depositors in banks
that failed before March 18, 1930,
not been settled or paid as had fail
have recourse to all of the assets" in
the failed institutions and in addi
tion all assets of the guaranty fund
as it existed on March 18. 1930,
"running Into millions."
Radke said that he believed deposi
tors would have very little of this as
the assets and guaranty fund had
been encumbered by prior Judgment
lien3 in the form of orders for pay
ment, entered from time to time by
district courts.
Th rtpnocJtnr'a rnmTnltteft of the
IPnrmprs Strife hnnlr nf Plnttsmouth
held a meeting Wednesday evening
at the said bank, all members being
present, Ed P. Lutz, Fred T. Ramge,
Wm. C. Tippens, Ed G. McCulloch,
and Wm.'F. Halmes.
Fred T. Ramge, trustee, reported
that all the provisions and require
ments of the waiver contract and
agreement between the Farmers State
bank and the depositors and the de
pisor's committee have been fulfilled.
Over 90 of the deposits have been
signed up . under the waiver agree
ment, deeds to 640 acresof land own
ed by the bank have been executed,
recorded and delivered to Fred T.
Ramge, trustee, together with all
notes, securities and the $42,000
mortgage given as additional collat
eral to secure the depositors against
loss, and the waiver contract and
agreement is -now in full force and
effect.
The depositors of the bank are com
ing in every day and signing the
waiver contract. . "
PRESENTS RECITAL
The music pupils of Mrs. Roy O.
Cole gave a very pleasant recital Sat
urday afternoon at the community
church at Mynard.
The church was decorated with
large baskets of spirea and iri3 which
made a beautiful setting for the re
cital. : . . .. .
Piano solos were given by Jimmie
and Mary Marjorie Richardson, Rob
ert and Eloise Cole, Kathleen Nolte,
Frances Wetenkamp, Harriet Mil-
bern, Lois Meade, and Alice Wiles.
Piano duets were played by Lois
and Evelyn Meade, Jimmie and Mary
Marjorie Richardson and Robert and
Eloise Cole.
Richard Cole was heard in a trum
pet solo which added much to the
enjoyment of the audience.
New Low
Prices?
To become acquainted with
our Station and New
Low Prices
Sat. & San.
ONLY
May 27-28
We will give 1 Qt. of Oil
FREE with purchase of
5 gal. or more Gasoline.
niL ss.
3 Rliles South of Plattsmouth on
U. S. Highway No. 76
1
TAKE ONE SIDED GAME
MISSOURI PARTIES WEDDED
At the office of County Judge Ai
H. thixbury on Saturday tfernoon
occurred the marriage! of Miss Gladys
A. Brown of Skidmore, Missouri, "and
Harry L. McDanlel .. of Marysville,
Missouri. The marriage Hne3 v were
read in the usual impressive manner
that Joined the hearts .and lives of
the young people. Following the
wedding the bridal couple motored
back to their home in the Missouri
city. Mr. McDaniel is, secretary of
the chamber of commerce of Marys
ville.
new WMlli Ktettc
HERE FOR
More than
a
New Smart
Styles
TO
Choose From
White Piques
White Silk
Crepes
White Lace
Straws
White Panamas
White Felts
Torbins Brin Styles Large Flops
$
$
Pease Style Shop
Cass County's Largest Exoluslve Ladles' Store
The baseball team composed of
juniors of - the high school, visited
at Murray on Saturday and proceed
ed to take a one sided contest, 35 to
4 from the youthful Murray ball
tossers. The Juniors have a good
fast smooth working team and were
never seriously threatened by the
Murray team. "Dusty" Rhoades was
the mound - artist for the Juniors
while the receiving wa3 handled by
Barl Lamberson. For Murray the
hurling was by Keil, Porter and Grif
fin, with Toung at the catching position.
GUILD ENJOYS MEETING
Wodaeeoosre xalir
Last evening - Miss Olive Sylvester
was hostess to the Westminster Guild
girls at her home. The girls enjoyed
a very pleasant evening and had a
good time working different Jig-saw
puzzles. '
At an; appropriate hour delicious
refreshments were : served by Olive
and her mother Mrs. Sylvester.
The . next Guild meeting will be a
bitrhday celebration the first part of
June.
Old Age Pen
sion Levy May
be Enforced
Providing County Boards Desire to
Wait Until August 9 or 10 or
When Law Effective.
State Tax : Commissioner Smith
who has been appealed to by coun
ty taxing boards said he sees noth
Ing in the way of county boards mak
ing a levy this year of 50 cents a
head upon all persons, men and wom
en, between the ages of 21 and 50,
to go into a county old age pension
fund. He bases his opinion upon the
statutes and an opinion. from Attor
ney General Good regarding the pow
er of county boards to make a levy
before the old ' age pension law en
acted by the recent legislature goes
into effect. ,
The bill,-! without an emergency
clause, goes, : into' effect Aug. 9 at
noon, according to the attorney gen
eral, altho he may be willing later
to refrain from splitting a day and
make it effective August 10. The at
torney general state3 that county
boards cannot make this levy for the
old age pension bill until the bill
authorizing the levy becomes effec
tive. The power to tax must exist at
the time tho property is taxed, so
county boards cannot anticipate the
date and make a levy a few days be
fore they have'." authority. .
The validity of the tax is deter
mined as of the time of tho levy is
made, says the attorney general.
Commissioner Smith said he finds
that tue statutes do not provide a
specific date when county boards
shall make local . levies, so he sees no
reason why county boards should not
delay making the old age pension
tax,, if they desire to do so, until
Aug 9 or 10, or whenever the pen
sion law becomes effective. Smith
said they usually make local levies
before that, date,- The law. requires
the state board of assessment and
equalization to certify the state levy
to county boards on or before Aug
ust 2. The state board usually re
quires this full legal time. County
boards usually begin making local
levies immediately after receiving
the certificate from the state board.
Commissioner Smith is not con
cerned with the validity of the pen
sion law which has been questioned
on the ground that the bill signed
Is not the bill passed by the legisla
ture, on the ground that the eligible
age under it was changed from 60
to 65 . years without any authority
from house or senate Journals to
show that either house ordered the
change.
ENJOY A FINE PROGRAM
Fnora Tuesday's Uaily
The Rotary 'club at their weekly
luncheon today had the pleasure of
hearing a most interesting story of
the. rubber industry, starting from
the rubber plantations where the
crude rubber was derived to the fac
tories where the finished product in
tires and other articles were placed
in the hands of the purchasers. This
was given by George M. Selders, dis
trict manager of the Goodyear Tire
Co., by motion pictures of scenes in
the rubber, trade and industry.
This being the close of the school
year, tne memuers or tne ciud naa
the pleasure of hearing from the two
high school boys who have been hon
orary members of Rotary for the past
month. These were Richard Black,
senior, who gave his Impressions of
Rotary in a pleasing response, as well
as Bernard Knofliceit, Junior, who
gave his farewell in song, "Shipmate"
and . "Trees," being his offering to
add to the interesting program. Miss
Cora Williams served as accompanist
for MivKnofllcek.
The members of the club in ap
preciation of the assistance that Miss
Williams has given the club in the
past two years Joined in a musical
tribute to the talented lady who will
soon enter on her summer vactlon.
The meeting was under the leader
ship of Carl Ofe.
MEMORIAL DAY PROGRAM '
Shipment of All Articles Sold Out in First
FewDays of Our 9, 19 and 290 Sale
These articles are now available at the sale price. Remember
market Is advancing, making this a great opportunity to buy
your wants now and save. 9, 19 and 29c sale ends Saturday!
ije Reliable 5g to SI Swe
r Plattsmouth, Nebr.
. . ft
Wvyyy,iCs3aeBfaevyrir
GOODYEAR certainly
makes it worth while
for you to put money in
tires now. Your dollars
never bought tires to equal
the quality, the. safety;
the mileage which
Goodyear is today build
ing' in every tire wearing;
the Goodyear name
And because Goodyear
now concentrates on two
main lines of tires a real
saving in costs is passed
on to you.
Look at the present prices
of the world's most popu
lar tire, the Goodyear AH
Weather and the prices
of the thrifty Goodyear
Pathfinder and youll
certainly agree; it's smart
to buy Goodyears NOW
while prices are still down
close to bottom, and your
money buys more than it
may ever bay again.
o
u I rvsi ivf
.x i 1
1
D
m m
GOODYEAR
Cerd TIra
4.4U-Z1
$CS5
I 4.50-21
4.75-19
5.00-19
$760
5.25-18
5.50-19
5970
GOODYEAR
PATHFINDER
Svpwfwfsf
CetdJJr
4.40-21
65
4.50-21
4.75-19
SgGS
5.00-19
?gio
5.25-18
5gC5
5.50-19
$J90
SEElCI&kS
Car Washing
and
Alemiting
Complete Job f 01
02o3
Q M Oco),
Plattsmouth, Nebr.
The Memorial day program in this
city will be "held on Tuesday after
noon, May 30th at 2:30, at the Am
erican Legion community building.
I The services will be under the
auspices of the various patriotic so
cieties of the city and the public is
Invited to attend. The prgoram:
Assembly Call
"America" Audience
Led by Mrs. E. H. Weecott
Pledge of Allegiance to Flag
Audience
Led by Boy Scout Evers
Invocation Canon Petter
ROLL CALL
G. A. R Mrs. F. G. Egenberger
Spanish American
Capt C. A. Rawls
World War Albert Olson
Songs of Civil War
Don Freese York
Gettysburg Address George Adam
Songs of World War
. Don Freese York
Memorial Service Legion Auxiliary
Song "The Unknown Soldier"
Warren Taylor
Address "The Broken Saber"
R. Foster Patterson
Benediction Canon Petter
Taps 1 :
WEDDING DAY FIXED
Paris. The marriage of v Barbara
Hutton, heiress to the F. W. Wool
worth fortune, and Prince Alexis
Mdivani, son of a former aide to tho
Russian czar, was eet definitely for
June 2Q in Paris.
Phone tha news to fto. 6.
J Thomas Walling Company
4 Abstracts of Title &
j. !
U Phone 824 - Plattsmouth
MTU
AND EVERY ONE
Your Size, Color
and Style
Would you like to
pick your new Suit
from a stock like
that?
You can! Let us
show you.
TJescott's
IIIiE!iHIIIIimitI!!liiII!in!IIIIlS9IIIIlHli!iSIIifI!l!I!IIIIIHIIIIUI!IiI
5n v"
BEGINS AT HOME!
Oar Mtioa Bretom only when
communities prosper. By shoppta)
ct Hone-Owned I.G-A. Store,
. m . i.i
vow rooa oouen not amy avy
bi value end quality, but they stay in
this town where tbey help build oe
community.
a
I
Pineapple, No. 2J4 cans, 2 for 25
Matched Slices
IGA Peaches, No. 2Y2 cans, 2 for . . .27
Apricots, IGA, No. 2 cans, 2 for . . 35$
Tree Ripened
Swansdown Cake Flour, pkgr 20
Lux Toilet oap, 3 bars 19
Cherries, IGA, No. 24 can. ... . .u. .23
Pork and Beans, lge. 22 can 9
i ? First Prlte Brand
Beans, Cut Wax or Green, 2 cans . . . 2l
Full No. 2 Cans
Peas, IGA Sifted Early June, 2 cans . 270
A Blend Coffee, per lb. . . 190
3-lb. Bag, 65o
Swift's White Soap, 10 bars 190
Butter, Casco, solids, per lb 240
Quartered, 25c Lb.
l
tOMATO
r . i U
Luacioua red-ripe 'tomatoes; rive
est and sparkle to every spoon- m g ah .
ful of this distinctive soup. The " VanS, 3C
kind you're proud to &crve any time- -
10
.250
. 30
. 50
50
. 50
.354
Radishes, per bunch . .
Strawberries. 2 boxes .
JvvKnj5iui&L.ea.f Lettuce, 2 for . . .
eutiltyetaMes Cabbage, per lb
Asparagus, home grown, bunch. .
Grape Fruit, large size, each
WATERMELON Per lb
Cut, per lb., 4o
MEAT DEPARTMENT
A No. 1 Prime Beef Roast, lb. . . . f 12J40
Shoulder Beef Steak, per lb 12f0
Center cut Pork Chops, lb 12540
Pork Butt Roast, lb . 12J40
Pork Steak, 2 lbs: for 250
Hamburger, fresh ground, 3 lbs.. . .250
Pork Sausage, 3 lbs . .250
Cube Beef Steak, fancy, lb . 250
Cube Veal Steak, lb ... . 250
Cube Pork Minute Steak, lb. . . . .150
Bacon Briskets, lb .130
Boneless Roulette Hams, lb. . . .130
Smoked 4 to 6-1 b. Average
Sliced Bacon, 1-lb. pkg 17
TO
S JO
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was
Plattsmouth's Lcadlnn
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