SEMI-WEEKLY EDITION-EIGHT PAG ICS
p LATTSM O U Tl I , NEBRASKA, MONDAY .1 AXU.Ui V !, 1911
VOLUME XXX
NO 5i
BRIEF REVIEW OF II STATE
GUARANTEE IJ
Some of the Provisions of the Law Looking After the Interest of
the Depositors Reserve Fund to Be Created.
A brief review of the Btate bauk j
guaranty act shows that it provides
for the collecting of a semi-annual
Lura from the capital stock of all state
banks, this sum to be left In the ro3
r.ession of the bank but the bank to
be charged with liability to the state
banking board a3 custodians of Mie
guarantee fund to that extent.. This
sum can be drawn on by the board
to pay oft depositors In insolvent
bnr.ks on certification of the court
under which the bank is wound up as
to the amount due. Provisions for
the enforcement of the act relate to
the appointment of receivers, the col
lection of special assessments, the
filing. of statements with penalties for
non-observtnce or falsification, and
power given the state board to offer
a reward for apprehension and con
viction of lawbreakers.
of banks which are formed by the re
organization or union of other banks.
The act then makes provision for
the subjecting of any bank which
fails to file the statement required, or
which seems to be in a perilous con
dition financially or which Is being
conducted on an unsafe basis to a
receivership until the business shall
have been placed In proper shape by
the stockholders. In case this is not
done, or the bank is found Insolvent,
the receiver shall have power to wind
up its affairs, paying oft depositors
after the leins for taxes shall have
been met.
Pi.-dmising of Funds.
Then comes tne second Important
provision of the act, that providing
for the dispersal of the fund. The
law states that after the receiver shall
have disposed of the available funds
of the bank in paying taxes and meet-
llcnry Gciing Honored.
At the election of officers yester
day of the Omaha Add Club, Henry
It. Gerlng was highly honored by be
lug elected president of that body.
This is in recognition of his valuable
worth to the club and the Interests
of the metropolis. The Journal Is
glad to note this evidence of Mr.
Gering's popularity among the busi
ness men of Omaha, and they will
never have cause to regret the honor
they have thus conferred upon one
who will always be found In the front
ranks with those who will be doing
the hustling for the Interests of
Omaha in the future. As a leader he
will always be In the lead.
"THE HBMT IT
I
HIS. m PfflBBS
The main provisions in the bank ing the claims of the depositors, he
guarantee act are found In its first j shall bring the matter to the atten
sectlon which provides for the, levying tion of the court which appointed him
of assessments against the capital
stock of the different state banks to
provide the guarantee fund and in the
latter section, which provides for the j of the guaranty
disposal of funds so accumulated to; shall withdraw
meet liabilities of defunct or insol
vent banks.
For Reserve Fund.
and that sourt shall find the amount
yet due and certify the same to the
state banking hoard which has charge
fund. The board
from, said fund
enough to pay off the certified claim.
No bank can secure the benefits of
this act if It does not comply with the
The original act provides for the provisions as to filing a statement of
raiding of a reserve and for the main-1 average, dally deposits, and pay as-
talnenee of it in the following man
ner: On the first days of Juno and De
cember of each year, the state banks
are required to file with the slate
banking board a statement verified
by oath of the average daily deposits
in the months prior thereto exclusive
. of public r.i.ney otherwise secured.
If the hank has not been In operation
six months, this statement shows its
sossments and receive certificate of
same. This sum shall be pro rated
among the various solvent banks in
which it is kept in accordance with
the amounts held by each. The state
is subrogated to the rights of deposi
tors so paid in their rights against
the assets of the bank. Such crciiU
when collected shall be divided
among the solvent banks contribut
ing to the fund In proportion to the
average dally receipts for the period amounts paid by them.
it has been In operation. Fal.se
swearing to this statement is made a
felony punishable by a fine of $100
to $1,000 or one to five years impris
onment, or both at the discretion of
the court.
On the basis of this statement, an
assessment was to have been levied
against the bank amounting to one
fourth of one per cent of such aver
age daily deposits was to be collected,
the first assessment to be within six
ty days of the passage of the act and
thereafter on January 1 and July 1,
1910, and January 1, 1911. After
this date, the assessment was to be
lowered to one-twentieth of one per
cent of the average daily deposits,
said assessments to be levied on July
1 and January 1 of each year.
Provision wa3 made for the taking
of a special assessment in excess of
this one-twentieth of one percent, In
case the fund should at any time
prior to July 1, 1910, be depleted to
less than one-half of one percent of
the average dally deposits or should
after July 1, 1910, be depleted to less
than one percent. This special assess
ment cannot be in excess of one per
cent, but may be any sum up to that
mount. The act provides that any
new bank 6hall deposit with the fund
four percent of its capital stock, this
to be a credit to be drawn on to meet
Its liabilities to the fund, the liability
being adjusted by the board and not
to be in excess of one percent of the
average daily deposits at the end of
the period for taking two assess
ments. This deposit is not required
The act further provides for the
state banking board appointing an
examiner. Such examiner or the re
rclver appointed under the provisions
of such act, may take charge of any
bank and pay Its liabilities off, in
cluding the sum due the slate board.
The hank is required to pay the state
a penalty of $10 a day while uader
the charge of such receiver or exam
iner, and to pay him a salary fixed by
the board between $3 and $10.
The Appointees.
Under the terms of the act Gov
ernor Shallenberger appointed the
following officers: L. M. Milenz,
chief clerk; George Faber, of Blair,
assistant. Examiners: Sam Patter
son, Arapahoe; Harry Howling,
Grand Island; Charles O'Malley,
Omaha; Floyd Seybolt, Geneva; L.
II. Tate, Omaha; C. II. Beaumont,
Madrid; E. II. Luikart, Omaha, and
C. W. Irwin, Lincoln.
There Is some doubt as to when
the mandate of the supreme court
will he handed down and what It will
contain. Should the Judges hold that
the law is retroactive all the assess
ments will ho overdue and must be
hustled in at once. However, It may
be directed that the banks begin the
observance of the act on a certain
date. Mr. Aldrlch will have the pow
er to name the appointees. The old
banking board consisted of the au
ditor, the slate treasurer and the at
torney general. Under the new law
the hoard will be composed of the
governor, the attorney general and
'.he auditor.
From Friday's Dally.
Mrs. Belle Patterson died this
morning at 8 o'clock at her residence
at Rock Bluffs, after an Illness last
ing for the past seventeen years.
Mrs. Patterson was born July 25th,
1 837, and has been a resident of Cass
county for the past fifty years. Her
maiden name was Belle Worl, being
a daughter of A. Worl' and wife, pio
neer citizens of this county. About
thirty-five years ago sho was married
to Fred Patterson. To this union
three sons and two daughters were
horn, who survive the deceased lady.
The surviving children are Guy,
Robert and Chace, residing with their
mother, and Mrs. Will Baker, of Mur
ray, and Mrs. Ed. Baker, of Avoca.
Mis. Patterson leaves also an aged
father and mother, Mr. and Mrs. A.
Worl, of near Bellevue, and three
brothers and sisters, being Ed. Worl,
of this county, Theodore, of South
Dakota, and Grcnt, of Aide, - Ne
braska.
Mrs. Patterson obtained a divorce
from her husband about twelve years
ago, since which time she has resided
with her children. She has been a
great sufferer, having been an inva
lid for many years, and for the past
twelve years has gone about only in
a wheel chair. She was a kind and
affectionate mother, and very patient
ly endured her invalid condition.
Her funeral will occur from her
late residence at 2 o'clock tomorrow,
and will bo conducted by Rev. W. L.
Austin, of the Methodist church. In
terment will take place at the Young
cemetery, south of town.
One of the Most Successful and
Interesting Plays That Has
Been Produced This Season.
The following is the story of "The
Rosary," which comes to the Parmcle
theatre next Friday night, January
13: Bruce Wilton ha samassed a for
tune which he has lavished on his
wife, Vera. Their household Is a
happy one, but Into it creeps a note
of menace. No one bears it at first
save Father Kelly, a priest, the for
mer tutor of Bruce. Quietly he goes
to work with his sharpened sense to
find the person who Is causing the
adverse influence In the household.
Almest on the verge of discovering
the cause, calamity descends upon
the Wilton house. Brueo's fortune la
swept away, and In such a manner
that he believes his wife the causo of
his ruin. Husband and wife are sep
arated, the home is destroyed and
yet the cause of all this disaster is
unknown. Father Kelly, with a faith
that moves mountains, goes on quiet
ly, serenely and confidently with but
one purpose in view, the happiness of
those he loves. He solves the mys
tery and lets the white light of truth
Into the minds that have been dark
ened by evil. More than this, he finds
the one who has caused all the misery
and restores the home. "The Rosary
Is probably the most successful play
of the year, It having recently closed
a three months' run In Chicago, and
Is now creating considerable com
ment In New York City, whore It is
playing at the Garden Theatre.
DEATH OF 111. ID S. WHITE
LOT
Mr. White Was One of the Oldest Masons in This Part of the
State Having Been Admitted May 22, 1865
From Saturday's Dally.
Francis S. White, who for the past
fifty-three years has resided in this
city and since 1863 been identified
with the mercantile interests of
Plattsmouth died this morning at 6
o'clock at his residence on North
S!.th street In this city of pneumonia
Mr. White had been sick but a few
days, enjoying unusual health for a
man of his years to within a week of
his death. Had he survived three
days more would have been eighty
seven years old.
Francis S. White was born In Ago-
field, Norfolk county, England, on the I
10th day of January, 1823, and came
to America In 1855, going first to
Utah, where ho engaged In farming
for two years, and nuc to I'lalU
niuoth In 1 S 5 7 , where for a few years
he engaged in shipping merchandise
across the plains. In 1805 he went
into the general mercantile business
In this city and has continued in this
pursuit until his dcaih. Mr. White
was twice married, his first wife be
ing Miss Annie Ruttcrlkid, whom ho
married in England In 1 843, and
who died in Plattsmouth In 1 867. To
this union six children were bom,
live of whom survive their parents.
Those surviving are WuHer J., Alfred
W., and Mrs. V. V. Leonard, of this
city, Francis F., of Omaha, and
Arthur C, of Fort Morgan, Colorado.
In June, 1S71, Mr. White was mar
ried to Diana Edgerton, who also
survives him. One child, now Mrs.
Dr. Redfern, of Lincoln, was born to
this union. Mr. White's children
were all at hla bedside when he
passed away.
The funeral will occur Monday at
2 p. .i. from the Mason'c temple, ton
ducted by Canon Burgess, of St.
Luke's Episcopal church, of which
the deceased was a life-long member.
Ills remains can be viewed by his
friends and acquaintances at the resi
dence Monday from 10 to 12 a. m.
Mr. White was one of the oldest
members of the Masonic fraternity In
this part of the state, having been
made a Mason on the 22nd day of
''ay 1S6.i, ho was htcr ini.'.c a
Royal Arch Mason, and also a Knight
Templar.
Ho filled various honorary posi
tions In the city, having been coun
cilman from his ward at different
times. For many years F. S. White
was one of the leading progressive
businessmen of this city, always
anxious to do anything he could
toward its progress. During the re
cent years ho relinquished his duties
at the store to his sou A. W,
OF ST. LUXE'S CHURCH
The hospitable home of Mrs. Eva
Reese was the scene of merriment
last evening when she entertained the
members of the choir of St. Luke's
church. When Invited to the Reese
home, the members of the choir were
fxpecllng a fine tlmo and expecta
tions were fully realized in the enter
tainment of last evening. Several
amusements were introduced during
the evening which were entered Into
by the members of the choir with
much Interest and enthusiasm and
laughter, and good cheer prevailed
throughout the various puns and
pranks as they were indulged In.
Some moments were very pleasantly
spent with games and music, both
vocal and Instrumental.
Just prior to the close of this splcn
did entertainment a dainty two
course luncheon was served, which
the members of the choir found de
lightfully appetizing and pleasant. At
the midnight hour the guests dis
persed, indebted to the hostess for
this most delightful evening.
(iiuiles Yogt Sent To Lincoln.
Charles Vogt, au aged farmer, of
Rock Bluffs, who wandered away
about two months ago, causing the
officers of the law and his neighbors
some trouble to locate, was again be
fore the board of insanity this after
noon. At the former hearing he was
adjudged a fit person to ho restrained
of his liberty, but was allowed to bo
taken to the home of his son at Have-
lock. A month ago Mr. Vogt returned
to his farm and has since boarded
with Joe Sans. Last night ho he
came queer again and the sheriff was
sent for and brought him before the
board this afternoon as abovo stated.
After hearing the evidence the board
again ordered Mr. Vogt taken to the
asylum at Lincoln.
Miss Agnes Uncus Married.
Mrs. A. J. Llbershall, who has been
nursing her sick mother, Mrs. Mc
Carthy, for some weeks, obtained a
divorce from Mr. Llbershall In the
district court of Douglas county on
the 29th of December last, and was
granted her maiden namo, Miss Agnes
Bacus. Last Wednesday, at St.
Joseph, Missouri, Miss Bacus was
again married to William A. Ells
worth, and with her husband re
turned to Plattsmouth, where they
will make their future residence. Mr,
Ellsworth la a commercial traveler.
In County Court.
From Saturday's Daily.
The final settlement of the setato
of Rebecca Cogswell, postponed from
the 3rd Inst, was had today.
Judge Beeson also met the rredit
i "s In the estate of Wave Allcr., this
being the date for final hearing on
''alius.
Attorney Flaherty, for Fred
Brecka, of Lincoln, had filed a
claim for $200.00, which he
claimed the deceasod owed him as a
commission on the sale of renl estate.
The deceased will be remembered 83
the man who had much trouble with
law officers and court decisions rela
tive to his farm in Saunders county
some years ago. Ills land being fore
c lcsed on a mortgage, and Allen re
fused to yield possession to the pur
chaser on the mortgage Fale. He
dually moved to Weeping Water,
where he committed suicide some
moiitlis ago.
Mr. Brlcka says that he served Allen
in. recovering for him a quarter of
land In the western part of the state.
That Allen told him he once owned
a quarter out there, and If Brlcka
could help him get It back he would
pay Brlcka the amount of his claim,
$200.00. Brlcka made a trip to
Chase county, found the land had
been sold for taxes and learned the
holder of the tax deed would release
his claim for $300. The title was
straightened out and Allen sold the
land for $1,600, but neglected to pay
Brlcka for his trouble.
Tho hearing of the claim was post
poned to tho 17th of January.
JACOB U6ER CELE
BRATES sixtieth mm
Sale of Realty Ordered.
From Friday's Dally.
Judge Travis held a Besslon of the
district court this morning and made
an order In tho caso entitled, "In
the matter of the guardianship of
Clinton Maxey et al," directing the
guardian to sell the real estate of the
minors, the sale to be a private sale.
Bears Ills Honor Meekly.
Hon. V. II. Puis came flown this
morning from Lincoln, the legisla
ture having quit business until next
Tuesday. The adjournment suited
Billy, as be desired to attend the
meeting of tho stockholders of the
Farmers' Elevator company at Mur
ray tomorrow. While in the city the
Hon. gentleman from Cass gave the
Journal a call, and we noticed that
ho was tho same Billy and bears his
honor meekly, as every sensible man
should.
On last Thursday, the Mb Inst,
Jacob MelsIiKer and wlfo celebrated
Mr. Mcislnger's (iOth birthday, and In
honor "of the' event lu.il.I' ;tio c hil
dren and their families to partake of
a birthday dinner, given at Mr. Jacob
Moh-Ingcr'a residence. Those present
to commemorate the event were: C. .1.
Melslnger ami wife and son, (1. P.
Melslnger and wife and daughter, and
John Melslnger, Jr., and wife and
chlhlicn, Raymond, Margaret, Harvey
and Mildred.
Mr. G. P. Melslnger and wife ar
rived from Pekln, Illinois, on (he
morning of the tlth and at the family
homestead In time for tiio birthday
dinner. Mr. and Mrs. G. P. Melslnger
were married at Pekln, Illinois, on
Wednesday, Mrs. Melslnger formerly
being Miss Anna Zumer, of that city.
Mr. Jacob .Melslnger expec ts to
move from the farm to Plattsmouth,
already having procured a residence
on North Fourth street, where he will
move in about two weeks, unless the
weather turns out too bad for moving.
riattsniouth citizens will ho glad
to welcome Mr and Mrs. Melslnger
to the city, as we know them to be
among the best of Cass county citi
zens. The farm will bo occupied by
Mr. C. P. Melslnger, Jr.
Good Roads.
Uncle Peter Kell was down town
this morning, and In his rounds, gave
the Journal a call. Mr. Kc 11 has been
In poor health for some time, but
was feeling much belter, and encased
In quite a social chat upon the road
question. IIu thinks the roads gen
erally ue gor.d enough for all prac
tical purpose s. The farmers arc very
well satisfied with the way they are
kept up, and If thry don't suit the
autolsts, motorcyclists and bicyclists,
they can use a little of their own
elbow grease In repairing them. We
hope Uncle Peter will eoou recover.
'Mr. and Mrs. Ray Wilson and two
children, of Lincoln, who have been
guests of Mr. and Mrs. J. A. Waugh
for a short tlmo, returned to their
home this afternoon. Mrs. Waugh
accompanied her guests to Omaha.
State Bunk Annual Meeting.
From Friday's Polly.
The Plattsmouth State Bank held
Its annual meeting yesterday and
transacted Its usual routine of busi
ness for the year. The following
gentlemen were elected as officers
and directors of the corporation for
the ensuing year:
AV. II. Newell, president.
J. II. Becker, vice president.
J. M. Roberts, cashier.
Directors: I. M. Roberts, J. II.
Becker, J. P. Falter, John Albert, S.
II. Atwood and W. H. Newell.
Tho usual dividend was declared
and the surplus Increased, the Insti
tution being In a flourishing condition.
John Yolk ami III bio Here.
Mr. John Volk and bride, of Mc
Claln, Nebraska, who were married
yesterday, arrived In Plattsmouth
last evening and aro guests of Mr.
Volk'b uncle, Commissioner M. I.
rroderlch. Mr. and Mrs. Volk are
cn route to Pekln, Illinois, where
they will visit his relatives for a
time, and on their return Journey
will lslt Mrs. Volk's relatives in
Iowa.
Hcutli Neur Weeping Water.
At his farm, four and one-half
miles northwest, Eric Lorensen, an
old resident of Cass county, died on
Friday, December 31, 1010. The
cause of his death was diabetes. The
funeral was held last Sunday from
the home and Interment made In Oak
wood cemetery. Rev. J. C. Street
had charge of tho services. Mr. Lor
onsen was a highly respected citizen,
and a largo number were very much
surprised to hear of his death.
Owing to tho severe storm Sunday,
only a few could venture out to at
tend tho funeral. Weeping Water
Republican.
nun Siitm day'H Imlly.
J. A. Bauer, of near Wabash, was
in the city today looking alter some
business matters, and vM!o here
ailed on the Journal for the purpose
of renewing his faith In the Old Re
liable. John Is a clever gentleman,
and we are always pleased to have
him call. He will leave tho farm and
remove to Murdock about the first of
February, where he has purchased
the meat market and will enter upon
the management of that business.
Murdock cun boast of ono of tho
cleanest, nicest markets of any town
of Its sle In the state, and the peo
ple of that village give It a paying
support. Mr. Bauer will keep It up
to Its present standard, and the
Journal Is satisfied that success will
crown his efforts.
Delayed by the Storm,
from Frldny't Daily.
Mr. S. A. Jacks and bride, of
Dallas, South Dakota, who had been
expected for tho past two days, ar
rived last evening, having been de
layed by the blizzard, which struck
that region last Saturday.
There was no train from Saturday
until Tuesday, owing to tho cuts be
ing filled with snow. The tempera
ture went as low os 30 below zero In
some localities. Tho winter com
menced there early In December
when tho first snow fell, and there
has been snow on the ground con
tlnuously since. Mr. Jacks and wife
will visit his parents, A. Jacks and
wife, for a time.
OS
ES AT KICK
Curd of Thanks.
To the Red Men of Plattsmouth:
We desire to express our slncerest
thanks and gratitude for tho splendid
courtcey In turning out In numbers
on the 21th ult., at the Burlington
station when the remains of our be
loved son, Ray Rczner, parsed
through Plattsmouth, and especially
do we thank you for the costly floral
tribute tendered by you at that time.
The kindness of the Red Men will
neyer be forgotten by us.
J. M. Rczner and Family.
Klrkw,ood, Illinois.
The Stoik Leave n Hahy (iirl.
Mr. and 'Mrs. J. L. Mayfield, of
Omaha, aro tho proud parents of a
new baby girl, 'which arrived at their
home this morning. Mother and lit
tle daughter aro reported as getting
along very nicely. Today, also, marks
tho birthday anniversary of Mr. May
field and we trust that father and
daughter may celebrate many happy
birthdays together. Mrs. Mayfield Is
a daughter of Mr. and Mrs. L. II.
Peterson of this city. Mr. and Mrs.
Mayfield formerly resided In this city
and have a large circle of friends
here.
