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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (March 5, 1909)
MARCH 5, 1909
dissolved. For each and every day the state bank
examiner shall so hold possession, such bank shall
pay to tho state treasurer, for account of tho
feneral fund, a feo of ten ($10.00) dollars, and
or each and every day a receiver shall so hold
possession, such bank shall pay such receiver aa
full compensation for his services a fee of not
less than three dollars nor more than ten dollars
as may bo fixed by tho stato banking board, and
in each case, in addition to said amount tho neces
sary clerk hiro and attorney fees.
Sec. 56. Whenevor any bank refuses or neglects
to deliver possession of its affairs, assets or prop
erty of whatever nature, 'to tho stato banking
board, or to tho porson ordered or appointed to
take charge of such bank according: to the provi
sions of this act, tho stato banking: board shall
communicato tho facts to tho attorney general,
or to the county attorney of tho county wherein
such bank Is located, who shall thereupon cause
an application to bo mado to tho district court or
to any judgo thereof, having jurisdiction of tho
same, for an order placing such board, or the per
son ordered or appointed by it to take chargo of
such bank, in chargo of such bank and its affairs
and property; provided, that if tho judgo of tho
district court having jurisdiction of tho same, shall
bo absent therefrom at the timo such application
Is to bo mado, then, and In that case, any judgo
of tho supremo court may grant such ordor, but
the petition and order of possession shall bo forth
with transmitted to the clerk of tho district court
of the county in which such bank Is located.
Sec. 57. Every receiver of a bank appointed
under tho provisions of this act, shall. Immediately
upon taking possession of such bank, proceed to
collect all debts, assets and claims belonging to
such bank, and, upon order of tho district court
or judge thereof, may sell or compound all bad
or doubtful debts, and on like order may sell all the
real and personal property of such bank upon such
terms as tho court or judgo thereof may direct;
and may, if necessary, enforce the liabilities of
stockholders, officers or. directors to such bank;
provided, that bad or doubtful debts as used in
this section shall not include tho liability of stock
holders, officers or directors; and whenevor any
such receiver shall have paid in full all of tho
liabilities of such bank, including any liability to
tho depositors guaranty fund as herein provided,
the funds and assets remaining in his hands, if
any, shall be paid and. delivered to the party or
parties entitled thereto.
Sec. 58. Every receiver appointed undor tho
provisions of this act, shall make the stato bank
ing board not less than ono report monthly accord
ing to such form as may be prescribed and which
shall be verified by his oath.
Sec. 59. The stato banking board shall pre
scribe all such forms as may be useful or necessary
In carrying out the provisions of this act, and shall
have power to make such rules and regulations,
not inconsistent with the provisions of this act,
as may bo necessary or proper to carry It Into
effect according to Its true intent.
Sec. 60. For the purposo of carrying out tho
provisions of this act, the state banking board aro
hereby authorized and empowered to offer and
pay out of the depositors guaranty fund rewards
for the apprehension and. conviction of any person
or persons violating the provisions of this act.
Such rewards not to exceed In any case five hun
dred ($500.00) dollars.
Sec. 61. Where no other- punishment is provided
herein, any person violating any of tho provisions
of this act, shall bo deemed guilty of a mlsde--meanor,
and upon conviction thereof shall be pun
ished by a fine of not less than twenty-five, nor
more than throe hundred ($300.00) dollars, or by
Imprisonment in the county jail for not less than
thirty, nor more than ninety days, or both in tho
discretion of tho court.
Sec. 62 .Chapter 8 of tho compiled statutes of
Nebraska of 1907 and all acts and parts of acts
Inconsistent horewith are hereby repealed.
Sec. 63. Nothing in this act contained ropealing
any act for tho regulation or conduct of banking,
shall bo construed to relieve any person from pun
ishment for any acts heretofore committed vio
lating said act or acts nor affect in any manner
any existing indictment or prosecution by reason
of such repeal; and for that purposo such act or
acts shall continue in full force and effect not
withstanding such ropeal.
Sec. 64. Whereas, an emergency exists, this
act shall take effect and be in force from and after
Its passage and approval.
PRESIDENT TAFT'S CABINET
Associated Press dispatches announce Presi
dent Taft's cabinet as follows:
Secretary of the Treasury Franklin Mac
Veagh, of Illinois (Chicago).
Secretary of State Philander Chase Knox,
Secretary of War Jacob M. Dickinson, of
Attorney General George W. Wickersham, of
Postmaster General Frank H. Hitchcock, of
Secretary of tho Navy George von L. Meyer,
Secretary of the Interior Richard A. Bal
ingor, of Washington.
Secretary of Commerce and Labor Charles
Nagel, of Missouri.
Franklin MacVeagh, secretary of the treasury,
was born- on a Pennsylvania farm. He is a
graduate of Yale college and the Columbia law
school. He practiced law for a short time and
then went into the wholesale grocery business
at Chicago. In 1894 he was the nominee of
the democrats for United States senator, but
was defeated. He has, since 1896, co-operated
with the republicans.
Philander Chase Knox, secretary of state, was
born in Pennsylvania in 1853. He graduated
at Mount Union college, Ohio, 1872; was ad
mitted to the bar in 1875; assistant United
States attorney western district of Pennsylvania
in 187 G, holding that place for ono year. Ho
served as attorney general in tho McKinley and
Roosevelt cabinets, resigning to become United
States senator. He was in tho senate when
Mr. Taft appointed him secretary of state.
Jacob McGavock Dickinson, secretary of war,
was at the timo of his appointment genoral
counsel for tho Illinois Central Railroad com
pany. He was born in Mississippi in 1851;
graduated at the- University of Nashville In
1871; he was assistant attorney general of the
United States under the Cleveland administra
tion. Ho is registered as a democrat.
George W. Wickersham, attorney general, is
a New York corporation lawyer, attorney for
Thomas Ryan, the street car magnate.
Frank H. Hitchcock, postmaster general, was
at the time of his appointment chairman of the
republican national committee. He was born in
Ohio in 1867; graduated at Harvard In 1891;
admitted to tho bar in 1894. Since 1891 he
has been a government official holding various
positions. His latest office was first assistant
postmaster general. -
George von L. Meyer, secretary of tho navy,
was at the time of his appointment postmaster
general in tho Roosevelt cabinet. Ho was born
in Boston in 1868; graduated at Harvard in
1879 and was a merchant. He was ambassador
to Italy from 1900 to 1905.
Richard Achilles Ballinger, secretary of tho
Interior, was born at Boonesboro, la., in 1858.
He graduated at Williams college, Massachu
setts, in 1884. He located in the stato of Wash
ington and wais elected judge of the superior
taourt for Jefferson county, Washington. In
1904 he was elected mayor of Seattle; in1907
he was made commissioner of the general laud
Charles Nagel, secretary of commerce and
labor, was born in Colorado county, Texas, in
1849. He is a graduate of the St. Louis law
school. Served in tho Missouri legislature; was
president -of the St. Louis, city council. At. the
time of his appointment to the cabinet position
having to deal with the trusts, he was, attorney
of record for the Standard Oil. .- . . '
v 7 w w
The following prosperity item Is an Associat-"
ed Press dispatch:
New York, February 22. Without food for
at least four days, with his shoes practically
without heels or soles, a haggard-faced man,
evidently about seventy years old, was ap
proached in Seward park by Henry Applebaum,
assistant to Abraham Solomon, a tailor of No.
17 Orchard street. "Are you a tailor? If you
are, I have a job for you," said Applebaum. The
old man scrambled to his feet. His face shone
with a joy ho probably had not .known for
months. He answered: "Yes; I'll go with you."
He went to the 'shop and was assigned to a sew
ing machine. He did not give hi3 name. Fif
teen minutes later he fell from his chair, dead.
Dr. Russell was called from Gouverneur hospital,
and said the aged man undoubtedly had had no
food in at least four days, and that death was
due to starvation and exposure. The body was
sent to tho morgue.
"Four years more of the full dinner pail,"
4t i&rt K& t&'f
A NEW MAGAZINE
Mr. Sam H. Woods, formerly of Evanston,
111., but now of Minneapolis, Minn., has com
menced tho publication of a paper to which he
has given the name of "The National Demo
crat." In a letter addressed "to all loyal dem
ocrats" he says that "at the request of a num
ber of leading democrats" he has decided to
launch his paper. He declares that "The Na
tional Democrat is the only dem6cratic maga
zine in the country" somewhat of a reflection
upon other democratic papers, but never mind.
He explains tho location by saying that he
has "chosen the Twin Cities as a place of pub
lication to be near Governor Johnson" who, in
his opinion, is "the man who will lead the demo
cratic party to success."
The tenor of Mr. Wood's paper can be deter
mined by the following signed editorial:
A NEW LEADER
Bryan's third defeat means his utter annihila
tion from the political arena. The democratic
party is now forced to choose a new leader. I
am not a dictator to the democratic party. I
am only ono of its humblest members, but such
advlco as I have heretoforo given has proven
good. My writings aro meeting with tho ap
proval of leading democrats all over tho country,
and what I havo written and spoken has boon
direct from tho heart. With tho best interests
of tho whole party in mind, and tho burden of
responsibility for my utterance resting upon my
conscience, my eyes turn to that noble, dignified
statosman, that loyal democrat, that solt-raado
and practical citizen, who has thrico command
ed tho respect and support of the people of
Minnesota, and I point out to you, Governor
John A. jQhnson as tho ablest lcador of tho
democratic party. Tako him, caro for him,
honor him, and presorvo him for tho battle of
1912. Ho will load you to victory, and he will
bring honor and success after victory.
SAM H. WOOD.
" W v Ik
Tho Denver News prints the following epl-
grams from Mr. Bryan's speeches dollvered in
Lovo is tho weapon for which there is no
A man can llvo up to tho teachings of Con
fucius and not reach a very high plane.
If a man waits until ho himself Is perfect be
fore helping others, ho will never help anybody.
We help ourselves when wo help others.
Missionaries aro much less likely to get us
Into trouble with nothing to givo but lovo than
tho commercial man, who gets what ho can and
is not scrupulous about how ho gets it.
. If we teach Christ and peaco to foreign- peo
ples we can protect ourselves far bettor than
threatening to whip somebody who does not
treat us with what wo call proper respect.
If wo can not boast that the sun never sots
on tho, American flag; wo can boast that tho
sun never sets on American philanthropy.
If only one of these foreign mission schools
sends out ono great teacher, it will be worth all,
tho, money the colleges coat. ,j
There are no self-made men. We are what
wo are mado by others..
If I can. toych ono human heart for good, I
havo not spoken in vain.
The man who stops to calculate how much
good will come to him out of the good he does,
will never do any good. ,. rrrr
A noble nr? can not be built upon an arith
metic. You can not escape difficulties by avoiding
Man has a mind and a soul, and the mind is'
greater than the man and tho soul is greater
than the mind.
Lovo and peace accomplish far more than
Mystery doesn't bother us in tho dining room,
it is only in the church.
People-who worry most about what they can
not understand spend the least time living up
to what they can not help but understand.
V V 1&T tv
M'OALL SEES A CRISIS
The following dispatch printed In tho New
York World will bo of genoral interest:
Concord, N. H., February 24. Congressman
Samuel W. McCall, of Massachusetts, has de
clined an invitation to become president of Dart
mouth college, saying he considers his duty to
the public service makes it advisable not to ac
cept the honor. This duty, his letter says, can
not bo dropped "in what I believe to be a very
grave crisis," and he adds: "This Is not tho
place for political discourse, but perhaps I should
say to you that the crisis I referred to is, in
my opinion, full of peril to our Institutions, and
how soon the movement is to begin toward
sanity and safety I do not know. I am far less
concerned by particular theories than by general
methods of government methods which havo
been carrying us swiftly toward a condition un
der which limitation upon governmental power
would be done away with and the favoritism and
caprice of an autocrat would take the place of
constitutional restraint. And some chance bar
barian as an autocrat might overturn our
temples and do more harm in the direction of
uncivilizlng tho country than all our colleges
together, could possibly repair."
Collier's Weekly offers a prize of $50, for the
best one thousand word article on "How the
tariff pinches me." But how is a pinchee to
tell it in a thousand words?
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