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About Custer County Republican. (Broken Bow, Neb.) 1882-1921 | View Entire Issue (March 11, 1909)
TUG HJfiPUfeLrUAN , CUSTtiU COUNTYNEBRASKA. GU.A.RANTHE BILL RAISES $650,000 FUND TO III : TQUAI. TO ONT : PER CENT OP GROSS DEPOSITS , DOESN'T ' REALLY GUARANTEE 'Itiinpsrniicc Legislation Voice ! Down Woman's Siiffcra/jc / Passes Hie House by Vnleof ( > 2 lo 31 Dills Introduced hy ( tills. Lincoln , Neb. , March 8. ( Special to the Kepublican- ) During- the past week the Dctno- i rats of the Tloiue made a stag- jjar at keeping one of their cam paign promises , the one proclaim ing that they would pass a guar antee of bank deposits law which would protect the money deposit ors in the state banks. The Democratic guarantee bill is in fact a reconstruction of the I'litire banking laws oi the state giving1 the governor almost auto- : ralic power in the state banking board. The guarantee feature provides for raising a fund equal 10 one per cent of the gross de posits ( excepting public funds otherwise secured ) by July 1st , V ) 10. This will provide at the i-nd of the time stated a fund ag gregating $650,000 , lo which will he added from time to time ad ditional amounts represented by the levy of an assessment of one twentieth of one per cent twice each year. The fallacy of the Democratic guarantee will be readily seen from the fact that a total wreck of only one or two of the largest banks in the state would wipe the guarantee fund out of existence and leave the de positors in the remaining banks of the state as absolutely without guarantee as they MOW are , and with the further'menace of the Schedule of Broken Bow Mnili. I'OK TUU GAHTUI08K AS I'OI.imVS : Train Note . fl a m Tialii No 41 . 'f.M a in Train No 44 . T.'M p m PODCIIUB I'OK TUB WltST CtOStt AS VOIln\VO ! Train No 41 . R00 ; a m Tmln No ! . " ; 30 p in Office open KmiiUy Mom 9-'M to ) , , < > ,1 in. week ilajs , tl.JUa. 111. to 7 .10 i > in 0. & M. Train Schedule WEST HOUND KAST DOMUI ) No. 39 6:30 : a m No. 40 0IO : a in No.-I I UB7 : n m No , 42 9W a in No. 43 8:24 : a in No. U 11:27 : i > m Nos 39 amHO run bclwi-en Lincoln anil lliuken How only , ami not on Suml.iiH Vrelif lit trains Nos 47 ami 41 carry lull arc run an extran unstabilily of unsound banks , the organisition of which will he de liberately fostered by thu bank guarantee law. The Kcpublicuis pointed out that the Democrat ! ) in this mea sure had provided a so-called guarantee of deposits which did not guarantee , and in the very nature of the subject was totally inadequate for the purposes it claimed to accomplish. The Ko- publican leaders so clearly point ed out the fatal defects in the bill as to force from Graff of Cnmiug , chairman of the joint banking committee , the startling admis sion "lhat the committee never pretended lo olf--r a guarantee- law foi the consideration of I ho House which would guarantee every depositor in the stale undir all circumstance1) . " Killen and Smith for llic Republicans point- c.l out lint a guarantee which might be good during prosper ous times , when there were no bank failures and no necessity whatever of guaranteeing depos its , might be of no value in , lime of financial stringency and failure , the only t'n e when a sound guarantee would be need ed. It was this line of atlack which drew from Representative Graff his fatal admission that this law was inadequate for a time of stress and to his evidence might be added the statement , of Wilson of Polk , who was forcul to admit its limited character LS a guarantee measure and who stated "thai the present measure only pretends to cover the aver age losses as represented by the banking experience of the past few few years. " During the prosperous times of the "last few years , " referred to by Wilson , the losses by bank failures in Nebraska have been so small as lo hardly deserve no- lice , and Ihe democratic admis sion lhat their guarantee bill would not stand Ihe tcsl of a serious experience like the years of 1892 and 1S')3 ) , proves the as- serlionn of Ihe republican minor ily that the Democratic bill for the guaiantee of bank deposits "is a guarantee that does not guarantee. " There is evety evidence that the Democratic patty intends lo recognise ila obligations to the brewers of the state for their val uable assistance in the campaign of last fall resulting' in a partia ! Dcmocralic viclorv in the date This is shown by Ihe fierceness of Ihe Democratic attack on leg islation of any character restric tive of the liquor business even to the mosl minor degree. The fight is not dirccled alone against Send your Abstract Orders to J. G. LEONAED , Bonded Abstracter Office In Security State Bank'BMd'ng X : COCtt 4 2 RAS ANDERSON IN CRAIN AND COAL Feed in large and small quantities at both wholesale and retail. Special altenMou given to filling orders for coal in any quantity , Broken Bow , - - Nebraska IS S SWSFi'tfS . tXfXiK' * < ; * trfwA Ili FOR OUR Baldwin Nut and Lump Cannon and Nigger Head Coal WE ALSO NOW HAVE NICE PEA COAL Oo. " Ml A v When you think of NATIONAL BISCUIT COMPANY you naturally think of Biscuit When you think of Biscuit you naturally think of vw wt \ The only Soda Cracker possessing Biscuit Goodness Sold only in Moisture Proof Packages widespread prohibilory lawe , county option laws and similar proposals affccling lerrilory , but also against restrictive measures which tend lo limit the hours of the retail liquor business , or affect its present legal stalus in any way. During : Ihe past week the evi dence of these facts has further accumulated and particularly as shown by the allilude pf tbp House on Ihe bill by Johnson of Buri , II. R. 119 , which precribes lhat saloons shall confine their business operations to the hours between 7 a. m. and 7 p. m. , the measure being generally known under the title of "Ihe daylight saloon law. " An extended dis cussion of the bill occurred in the committee of the whole in which the subject of progressive temperance legislation received vigorous consideration from both sides. There was , however , Ijllle opportuuily for this bill lo re ceive favorable notice from the detnocralic majority , as it invad ed the sacred righls of the brew ers and undoubledly ran conlrary lo the Dcmocralic promises of last fall. As an incvilablc result Ihe bill was indefinably posl- poucd. Woman's sufferage won a vic tory in Ihe llousc last week when II. R. 120 , by Howard of Doug las , providing- the submission of a constitulional amendment , giving lo women the ballot on the same terms as men , was pass * cd by a vote of 62 to 34. Con siderable excitement attended the roll call on this bill and many tucmbcra sent up wrillcn explan ations of their vole. The visit ors' gallery was crowded in an- licipalion of the vote to be taken on this bill , and thai the visitors were largely supporters of the measure was shown by the facl lhat when a member's explan ation was in support of Ihe bill Ihe reading- was greelcd wilh tumultuous applause. The following bills were in troduced during the past week by Ollis of Valley Counlyj S. P. 370 by Ollis of Valley Authorises the parking of public highways. S. F. 404 by Ollis of Valley- Regulates the sale of unclaimed property and the disposition of same. Provides the ten days notice shall be given after goods have been held thirty days , ex cept in case of perishable proper ty which shall be held for twenly- four hours afler receipt. S. P. 405 by Ollis of Valley An act regulating public ware houses for the storing , shipping , weighing and inspection of grains , Provides for a state license and a weekly statement isBticd every Tuesday , showing the amount and kind of grain on hand the previous Saturday. Requires the posting of a daily bulletin of this nature where ware house is located in metropolitan - politan cilics. S. P. 406 by Ollis of Valley Authorizes county commissioners to purchase ten acres of land which may be set aside for ex periments in dry farming under conditions prescribed. j.m JL .Jl 11..l.ii 1-JC.iMiJLnii'lCi : 1 Ji - iJL A.I oJliii tJlUJiAi . i , . . . . - . ' | , , , , . ! , , .iiiukiiullliiulJiJ. . Kj-.Til . 111 111 . o I II W. A. GKOUGIJ , PRKSIPKNT I , . II. JI\VPTT , CASHIKR I JUMvS II.VUMONT , Vtcic 1'uiv'i. U. D. PICKIvTT , ASS'T CA-III R I SECURITY STATE BANK 1 RESPONSIBILITY $500,000. $ BROKEN BOW , NEBRASKA t.v uV TJjere is q guaranty of deposits in this bank. You nre invited IIIit to call niul investigate our method : : : : : : : : : : iVif tul YOUR BUSINESS SOLICITED 7" " THE NEW FAIR STORE Don't Forget Our Special Sales. Your Pennies will o farthest at the KATK STOKfi. K is wonderful what a few Pemies will buy in our . " > and 10 cent department , and every article is useful about the home This department requests the honor of your \ presence , and begs to inform you that on Sat urday , March 13 , we will hold a special sale of Tinware and Granite ware. Broken Bow , Nebraska.