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.
