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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (Jan. 13, 1911)
a-"-- The Commoner. VOLUME 11, NUMBER X --afT" P- ,-2!-T , Wo will turn your talent Into monoy. Our arnduatcn aro filling Iliail SALAMED POSITIONS. Wo will onon to vou ono of tho most prolltnblo and dollithtful Holds of human ondenvor TUB IIHOA1) FIKLD OP ART Where t ho doinnnd ul way h oxecods tho supply, Earn $25 to $100 per Week in oniiy, ffiflclnnttngworlr. flplondldopportnnltlon Awnltoiimttitlonta, bocnuno our twelve yearn of iiticcowHftil teaching onnlilo us to oITor Many Special Advantage! which At thorn for forgo pucuutary profit. Individual Homo Instruction by Kxport Faculty. Superior Equipment. Financial Returns Guaranteed Comploto Courses In Commercial, Fanlilon, uoolr, MitKnzIno and AdvortlscmontlHuBtrntlnRt Nowapnpcr, Cartooning. Lottorlnjr. DonlRtilnK, jroiuiGciurni rorapoouvo, rnoto uoiouciiinK, lihow Card, Normal, Color. UonuralDrawlng, lite. ARTISTS' FREE OUTFIT of Flnelnatrumonts andBuppllos to each Btndcnt. Writ Today for particulars and liandaomo Art liook Froo. School of Applied Art Foujjjj O 270 Fine ArU Building Battle Creek, Michigan Our Own Fire proof Uulldlng 1H iMBTBiMi i in i " mtmrnmrnm aam mmm mmmmm0,mmmmmmmmmm of ono por cent of tho avorago dally doposits, ao shown by tho Btatomcnt required to bo made and filed on tho first day of December, 1909; on tho llrHt day of July, 1910, one-fourth of ono por cent of tho averago dally de posits, as shown by tho statement ro- iltlfil tn hn f 1 1 rwl nn tUn flrnt ilnV of Juno, 1910; on tho first day of January, 1911, ono-fourth of ono por cent of tho averago dally deposits as shown by tho statement required to bo filed on tho first day of Decombor, 1910, and on tho first day of July and January or cacn year tuorcaiier, ono-iwonuoui of ono por cent of tho avorago dally deposits, as snown oy ino Biaieiiiuni thoreof required to bo made and filed noxt procedlng such asacssniont. Pro vided, however, that any bank com mencing buslnoss and rccolvlng de posits less than six months prior to tho dato whon tho statement roforred to In this section Is required to bo mndo and filed, shall show tho averago dally deposits for that portion of tho said semi-annual period during which It has been engaged in business and receiving deposits. Any person making oath to any of tho statements herein required, know ing tho samo to bo false, shall be deemed guilty of a felony, and bo pun ished by a lino of not less than ono hundred, nor moro than ono thousand dollars, or bo imprisoned In tho pen itentiary for a term of not less than ono. nor moro than five years, or both, In tho discretion of tho court. Hoc. 45a. Any bank organized sub- buslnoss, assets and property of every of tho bank; and by publication thereof kind of said corporation and to wind In somo newspaper published In tho up its affairs. Provided, however, that county, to bo designated by tho court if tho Judge or Judges of tho district or Judge making such order, for at; nnnrf nt tUn nmintv wliofn nupti ntinll. IntlHf Hirfln HllCCeSSlVG WGOkS Tirior tO) Trappers and Fur Shippers Our prlco lint In rondy mid am ho had for tho nsklntr. Ahui our "Trnpiiora' (luldo," which contains "100 Wnva nnd Menus" or trapping ftir bearing uiilmnU. Wo piiy lilghost nuirkot prices for lura. For Airthor Information boo our prlco list. Wrlto today to ABROHAMS FUR & WOOL CO. Fur Murohunta Soymonr, IVIb. -FENGEWm pn-tlRUt Bold to thouBor ut Wholnale rriefa, W r7 FrelfhU CatMoguofroo. 'DOS 234 Wlnchaatar. Indiana. ,. -wOTaSf VETERINARY COURSE AT HOME. Si 9(1(1 tM ani1 MPwardi can ba mndo taking oar Veter. Vi&uu jnnnr Uoaria at homo during apsro thnoi taughl fat ilmpieit hngllihi Diploma granted, poiltlona obtained J ?r ucceiadil etadentai coit within rench otalli a at lilac. Hon cunranteedi partlctilara free. Ontar O veterin ary Correspondence 8ohool. London, Can, Mako Your Own Repairs! Aionafl iinrnoss, uuoos, unnvna: Mjrore oomng Awl mnkoa lockatltch Jlko aiming machine. 1 poitpaiiL UK) NUNKY Hill AUKMTb. twTSbW. rvv Wn snamtism eaai Tho AvdL lor Ail. G.A.MYKUSCO. G308LoxlnstoaAYO., Chicago, IU. Asthma lUCHEUT sent on FUKK TKUL. I It eurea send ll.OOj If not. don't Give Uxprris Office. Katl Chrmltal Company, 810 Ohio Atn Sidney, 0. PA I ENTS "lteteto": 4 ,, ,J7. u'- Advice nnd books free. Patea rcnaonablo. Highest referencea. Bestsorvlcea A rJP IU TV T 8 SEOUKKD OR FEK a JA. J. Mu JX A & 1M5TUKNKD. Frco report ns to l'atontnhlllty. lllustratod Ouldn Patents )iTVv CAZtVJES r1?,15 ?:"c without MILK. Itooklet Frco. a M Nobraska Sood Co,, Omaha, Neb The Guaranty State Bank, Muskogee, Oklahoma. oxtonds to lta, many depositors throughout tho Union its best wishes for a prosperous 1911, and joins them in tho hope that other states will pass lc-vs protecting tho depositor agalnBt loss as has Oklahoma. To prospective doposltor3 wo offer our services. Inter est paid on Time Deposits and Saving Accounts. Booklet on application. M. G. HASKELL, Vico President ' M. O. SELLS, Cashier RIDER AGENTS WANTED . Jr.rfr, "T JS nQ0 and exhibit umpla ,9,wDtE,e' Writ, or social offer. I attaitt. allow 1 r nnva kb .... and r,pw freight on every bkycle.V .jj""A!"' .r ""?.? "Buicycies.urej MKAD CYCLK CO., Dpt. xm ChUajo, III Jirtvd'MA lyTIZijZ 4bLMaK&aE. ftnTT sequent to tho date whon this act takes effect shall pay Into tho depositors' guaranty iunu rour per cent or tho amount of tho capital stock, when such bank opens for buslnoss, which amount shall constituto a credit fund, subject to adjustment on tho basis of said bank's averago daily deposits as shown by tho first two Bomi-annual state ments required by section 45 of this act. Tho banking board Is authorized and empowered to mako such an ad justment of tho rates of assessments to bo pold by any bank which en gages In tho banking business subse quent to tho tlmo whon this act takes effect, as shall require such bank to contrlbuto to tho depositors' guaranty fund, a Just and equltablo sum, and tho Stnta Imnklnc hnnrrf nhnii nHnn assessments of such bank so that tho urat two assessments, togothor with tho credit fund of four per cent of tho capital stock paid in by said bank when it begins business, shall at least equal ono per cent of tho averago daily deposits of said bank as shown by tho two first aeml-annual statements required by section 45 of this act. Pro vIflcd, however, that said four per cent will not bo required of new banks ,.mo?, by tho -organization or con solidation of banks that havo previous ly compiled with tho torms of this act with reference to tho payment of as sessments. Sec. 4C. As soon as said assessments oresJ?ectlvcly , lovIed- th0 banking corporations against which tho samo aro levied, shall bo notified of the amount of such assessment levied against them respectively, by tho sec rotary of tho state banking board and said banking corporations shall there upon sot apart, keep and maintain in their said banks tho amount thus levied against them and tho amounts thus lovied, kept and maintained Bhall bo and constitute what shall bo desig nated as a doposltors' guaranty fund, payable to the stato banking board on demand for tho uses and purposes horolnaftor provided. f,,5?iC,n,iI$ th0 depositors' guaranty Ju?v ihai1i,iftfnim ?ny, ?auso prlor t0 July 1, 1910, bo doploted or reduced to an amount less than one-half of one per cent of tho averago dally de posits, or subsequent to Julv l, 1910, 0CDd?Plotod or reuced to an amount less than ono por cent of tho average daily deposits, as shown by tho last ?h?.?nnu1.1 statement thereof filed, tho state banking board shall levy a fnrJllnfaaf.?nSSmont against tho capital stock of tho corporation governed by tho provisions of this act, to cover such saffT1!011 SpcIal assessment Sin ,1 i b.n.sed on tho said averago daily deposits, and, whon required for tho purpose of Immediate payment to rnaTio0? nSnaid spec!al assessment may bo for any amount not oxceedintr ono por cent of said average daily do? posits in any ono year. Sec. 48. Whonover it shall appear to the state banking board, from any examination or report provided for by Soap under thist lsU1m1p1ani?edbUSoI; &,oiBuch. corPoratIon is conducting its business In an unsafe or unauthorized Jstn.f OI ls endangering tho ?nter f,3 J Its depositors, or upon the fail -of th PSlch corporation to make any iv hnroiors,or statements required by tho provisions of this act or tn comply with tho provisions1 of kid act hnn.rflni,i?pects tho stat banking fi? odffSha11 communicate tho facts to nnnatLornoy Bonoral, who shall there ?r??i,SaiJi8i0 a.n application to bo made to tho district court of tho pn n?v hS05Scf c?rpratlon maintains Yts bank and is thus conducting its h,iei for tho appointment of a suitable Z' son as receiver to take charge" of Ptho la, bUVI JUUU VA JUUt)VW w WtiU vawi court of tho county whoro such appli cation should bo mado bo absent there from at tho tlmo such application is to bo mado, any judge of tho supremo court may appoint such receiver, but all proceedings in relation to such ro- ceivcrsnip 'thereafter snail do naci oo foro tho district court, or a Judge thereof, which might havo appointed such recelvor in tho first instance, and tho petition and tho order appointing such recelvor shall bo forthwith trans mitted to tho clerk of such district nnnrf. Tf nlinll hn HtifTIMnnt tn n.iiMinrlxn tho appointment of a receiver if any of tho facts herein enumerated, as a ground for tho application for a ro colvor bo mado to appear. Sec. 4D. Tho court or judge, appoint ing a receiver under tho provIslonB of this act, shall, in tho order of appoint ment, fix tho amount of his bond In an amount sufficient to protect all per sons Interested In tho assets and affairs to bo administered by such re celvor, and tho receiver, beforo enter ing upon his duties as such receiver, shall give a bond In tho amount thus fixed, with sureties to bo approved by tho clerk of said court, conditioned that ho will faithfully and impartially dlschargo such duties, and well and truly account for all money and prop erty coming Into his hands as such receiver, and disburse tho samo in con forming tn tVlrt nrrlnr nf nnnh nnnrt rr JudfiTO. and to tho nrovlslonn of this act. Upon tho approval of such bond and tho taking of tho oath required by law, tho person thus appointed shall havo full power and authority, as re ceiver under tho provisions of this act. Sec. 50. After tho stato banking board, a bank examiner or receiver shall havo taken possession of any bank undor tho provisions of this act, tho stockholders thereof may repair its credit, restoro or substitute its re serves, and otherwise placo it in con dition so that it ls qualified to do a general banking business as beforo it was taken possession of as aforesaid, but such bank shall not bo permitted to reopen its business until tho stato banking board, after careful investi gation of its affairs, is of tho opinion that its stockholders have complied with tho law, that tho bank's credit and funds aro in all respectB repaired and all advances, If any, mado from tho depositors' guaranty fund, with interest,, fully paid, Its reserve re stored or sufficiently substituted, and that it should bo permitted again to ro-opon for business; whereupon said, stato banking board is authorized to issue written permission for re-opon-ing of said bank in tho samo manner as permission to do business is grant ed after tho incorporation thoreof, and thereupon said bank may bo re-opened to do business under Its charter origi nally granted under this act. Tho directors of every banking corporation transacting business under tho provi sions of this act shall havo power and authority to levy and collect assess ments on tho stock of tho banking corporation for the purpose of repair ing and restoring tho credit of said banking corporation, or to repair and restoro any deficiency that may occur by reason of tho impairment of tho capital stock of said bank. Sec. 51. As soon as a recelvor, ap polntod under this act, has qualified, which shall bo within ten days after his appointment, tho court in which such proceedings are pending, or 2 judge thereof shall make an order flx ing the time for filing claims against tho corporation whoso property is under such receivership, which shall not bo more than sixty days from the K, f su.ch or,dor- "d notice thereof l1 ? sIve.n forthwith, by posting a copy of such order on the front door Ul JUUgU lUU,l.ltlts OUV.U uuui .. least threo successlvo weeks prior to tno uaio mus iixuu. Sec. 52. Tho claims of depositors, for deposits, and claims of holders of exchange shall havo priority over all other claims, except federal, state, county and municipal taxes, and sub ject to such taxes, shall at tho "tlmo of tho closing of the bank be a first lion on all assets of tho banking cor poration from which they aro due and III UN UI1UU1 1 UUUI VVLOlliy, UIi;.lUUll3 UlU liability of stockholders and, upon proof thereof, they shall bo paid im mediately out of tho available cash in the hands of tho receiver. If the cash in tho hands of the receiver, available fO'r such purpose, bo insufficient to pay tho claims of dopositbrs, tho court in which the receivership ls pending, or a judge thereof, shall determine tho amount required, to supply the defi ciency, and cause tho samo to bo certi fied to tho stato banking board, which snail tnereupon araw against tno ao posltors guaranty fund in tho amount required to supply such deficiency, and shall forthwith transmit tho samo to tho receiver, to bo applied on tho said claims of depositors. Provided, how over, that no part of tho depositors guaranty fund shall bo used to supply tho deficiency that may accrue by tho failure of any bank now transacting business, which bank has not filed tho report provided for in section 15, re- polvn thr AorHflpntn rrnvlrlofl fnr In section 14 and paid tho first assess ment provided for lp section 45. Such drafts against tho depositors guaranty fund shall bo pro-rated, as nearly as may be, among tho several solvent banks wherein tho same is so as aforesaid kept and maintained, in accordance with tho amounts thereof held by such banks respectively. Sec. 52. To tho extent of the amount paid from said guaranty fund to satis fy the claims of creditors tho stato banking board for the use and benefit of said fund, shall be subrogated' to -all the right of the creditors thus paid, to participate in the assets of such bank and tho samo shall bo enforced and collected by the receiver accord ingly, and when collected shall ,bo placed in said fund and deposited by tho state banking board in tho solvent banks subject to the provisions of the depositors' guaranty fund, proportion ate as to the several deposits to tho assessments levied against each of said banks.. Sec. 54. Tho court In which such proceedings' aro pending, or a. Judgo thereof, shall mako such other and further orders and enter such judg ments as may be necessary or proper to lnsuro a proper administration of such receivership, and a just and equitable distribution of the assets of such banking corporation among its creditors and all others entitled to participate therein, subject to the pro visions of this act. Sec. 55. Any bank examiner, when ordered by tho stato banking board, or any receiver appointed under tho provisions hereof, for the purpose of winding up tho affairs of tho bank. -. shall havo authority to take possession of any bank to which the order of ap pointment shall relate, and retain tho possession of such bank, its moneys, rights, credits and property of every description, as against any mesne or final process issued by any court against such bank the property of which has been thus taken by such examiner or receiver and until such tlmo as all of tho liabilities of such bank have been fully paid and dis- -cnarcrea. nnri nnv nHnni,mj. u against such property, acquired within S -,?i?ays noxt. Preceding the taking, of such possession by such examiner or receiver as aforesaid, shall bo there- 4. Poor Weak Woman As she is termed, will nri.. i i , ... and m absolute confidence and privacy by ritinffo the World's Dispensary Medical AssLiltion RV Pierce, M. D., President, Buffalo N Y n? p- ' Hotel and Surgical Institute, of Buffalo N Y tL pny years and has had a wider JSE.i 5L Ll lor zzsiB SET fa - IT MAKES WEAK WOMEN STRONG. The IJe many and varied symptoms of lnP,?'n Ensh in the People', ,w?u a up-to-date Edition .wM, ot ol one-cent stamps SICK WOMEN WELL. . rsi,peAJu"?!: "tea . Miy ?t of which. riLu".:'VSir PSCM, newly pay ooBt oi mrtErZEr El!?S.J!J? i I t UK. r'l w --.. ,..M09 aa BUUYBt 8