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About The Falls City tribune. (Falls City, Neb.) 1904-191? | View Entire Issue (April 9, 1909)
The Guaranty Deposit Law
The last legislature enacted a law
which will lie known as tin (.uarautv
ItejMisit law. Inasmuch as many
people are bank depositors and as the
egislative reports will not lie in print
for some time, it is well that a brief
synopsis nf the law be published
The law Isas legislated out of exist
ence all private banks. There were
only a few of them in the state, but
after July 1st, when the law- goes into
i 'Vet, there will be none.
\ftet that date we will only base
State and National banks. National
banks are meorporateii undei the na
tional laws, and the guaranty deposit
'w w ill not apply to them.
It will imt matter what name a hank
n ay have, whether it be a t'ounly
bank, or .1 t'ttv bank or a State bank,
they will ;nl be stale banks, and sub
ect tn the guaranty deposit law.
The new law throws many restrir
* ins a round the management of state
hanks, w hich did not exist liefort
It stipulates the amount of capital
which shall lie necessary to start a
hank in c i 1 ies oi dllfcia nt i lasses. For
instance, no hank could he started in
Falls City, with a smaller capita) than
s u (Mitt.
In all new hanks the capital must be
paid up in full lu tin e starting, < me
third of it may he invested in a hank
building a ml furnitun .hut the balance
oust he in cash.
-Ml stockholders are ialile fur a
much more, as they have stock in the
hank. For instance, if a man iiad
"MuOO stock In a hank he would be ha
lt e for another f1000.
There can not he h less number of
il.rectors for any new h ink llian t hree.
.1 ul each director lmi-t own .it host
4 per cent of the slot k.
There are usually at least livetiiitv
tors lit every bank, so the board of
directors will usually own at least tine
1 fth of the bank and hence be linan
c ally and personally interested in the
good management ol the bank.
No bank is allowed to lend more
than 20 per cent of its capital and
surplus to anyone lit in, corporation or
No batik is allowed to lend any
u oncy at all to any of its active olli
ccrs, and no director can borrow any
money from his own bank unless a
majority of the board of directors
.tvc consented to the same, and such
consent must he recorded in the bank’s
Is very hank is compelled to keep on
hand or on deposit with otlici solvent
banks at least Id per cent of* its de
1 osits, anti o pi i cent of its deposits
must be in cash in the vaults of the
No bank is allowed to lend mote
t ton S times its capital, no matter
" bat its deposits may be.
No bank is allowed to hot row mot e
loan two thirds the amount of its
capital stock, except for the pttrpfise
' f pay ing depositors.
To enforce these restrictions bank
t \aniiners are appointed. Thev must
he men who have had not less titan II
years active experience in a hank,and
;. ist he expert accountants. Tliev
e not permitted to own any stock in
a tv hank w hicli they examine.
At least twice each year, anti as
many more times as the state hanking
board may require, every bank must
no examined by one of these expert
\t least twice each year, every
btnknmst he examined by its hoard
o' oiret tot s, who tire personally and
linaiicinlly interested in the good
management of the hank.
Ileports of these examinations must
lie made to the state hanking hoard.
This gives each hank four exanitiia
tious each year. Two bv expert ac
countants, and two by directors litittn
ctally ititert steil in the good manage
ment of the bank.
In addition to these examinations
the state banking hoard requires ev
ery bank in the state to make four
statements each year, to be published
in some paper of general circulation
in the county where the bank is locat
ed, which report- give a detailed
st a lenient of the rood it ion of t he bank.
It is thought b\ many linanciers
that the observance of thest restric
tions will make all banks doing busi
ness under the guaranty det>osit law
absolutely safe anti tender such a
tiling as the failure of a state bank
Hut in addition to these restriction*,
which are intended to safeguard the
business ol banking, ami to maki all
banks absolutely safe beyond any
question, a guaranty fund h, s been
• ■'tab i-l i-d.
\11 banks a required to pav into
a fund one-loti ft h , r i per cent of
the*tr deposits . months until I
percent ha- been .aid in. After
that ins Im ■ ; done .1 banks are re*
(pitred to pay nto such a fumi one
I per ci t ol the.r de
po- ■' . ,i It .ear. 1 hi state banking
.e the auto: ty to nt < >* a
It y ol 2 per cent upon t e m posits
ol tlit banks in an y one • • i.
This money is to be left in the
banks paving the same, m-* t an only
he used by th; state banking board
for the purpose o paying deposits of
failed it.uik'. and i' a p: eferred taa.m.
lApeni ra i teaches that one-tweti
tietli of 1 (aa cent of a I the deposits
in all th ■ banks will pay all the de
posits of the banks which have failed
in any tine yoar, I hi* i* the expert
ence of many year*. where hank* are
operating under the usual aw * of
In N. braska, one-fortv — -itit of I
per cent of the deposits in the state
banks would have paid ali losses which
have occurred in s years.
Hence it is thought, that with a
start of I pet cent of the deposit*
paid in. and a future payment each
year of one-twentieth of 1 per cent
with the added power of a levy of 2
per cent in any one year it w ill make
the banks safe in the worst panic
which could ever occur.
Hut behind this the depositor has as
security the assets of the hank, and
the double liability upon the stock
holder and if lie has the property it
can lie collected from him.
Should it appear to the state bank
iny board from the examination of the
examiners, or directors, or the re
ports ol the bank, that the hank is
conducting its business in an unsafe or
unauthorized manner the state bank
ing board shall communicate the same
to the attorney general, who shall
make application to the proper court
asking foi a receiver to lie appointed.
Upon the appointment of a receiver
he slia 1 give notice to all the credit
ors of the bank w it bin lo days to come
in and have their accounts verified.
He will proceed to collect the notes
and assets of the bank, and if at the
end of tin days he has not collected
enough to pay all the deposits of the
hank, the state banking board will
pat them from the guaranty deposit
fund, and the receiver will continue
to collect the notes and accounts of
the bank, and a> fast as collected will
pay it back into the guaranty fund,
ttins replacing what hail been with
drawn from it
Heavy penalties result from the
violation of any of the provisions of
A law somewhat similar to this has
been in operation in Oklahoma for
more than a year. Under its opera
tion only one bank closed its doors and
its deposits were paid within a few
Kansas has just enaettd a law some
what along these same lines and sev
eral other states are considering do
ing the same tiling.
Ueorce \V. Holland.
Pure just the chief ingredient,
iGr the active principle, |
K3?jW» and healthfulness, to
Insures w holesome and deli
cious food for every day
in every home
Falls City. Nab..
The eminent physician "ti chronic
diseases will visit our city
Tuesday, April 13. 1909.
Arid will he Ht the l^’niou Hotel
until i-. in., oue day < *NL\ .
Ur. I’otterf president of the
staff of the Hostun K'eetro Midi
eal Institute, is making a tour of
I lie state.
He will give consultation, exam
iiistion, and all the medicines,nee*
isicfri to complete a curs L'KKK.
All parties taking advantage of
this offer are requested to state to
their friends the result i f the
fares UKAFNKS.S i>> an en
tirely new process.
i : ■ a Is a 11 i ■ ii ra I tl e i im - of cat art'll |
th mt and I - ■ ■ eye and
ear, stomach, liver and kidneys,
gravel, rheumatism, pnraijsis.neu
ralgia, iifivousand heart disease,
epilepsy, lii iglit s disease and dis- |
i use i.f the bladder, 1 !.. >d and -kin
Liquor and tobacco habit, bigl
neck, Htainuiering cured,
1 ’ill s, fistula and rupture cured
without d* teiition fr<an business.
K)es, nose and throat.
Glasses fitted, granulated lids,
cataracts, cross eyes straightened
If you arc improving under
your family physician do not takej
up our valuable time. The rich
and the poor are treated alike.
Idlers and curiosity seekers will
please stay away. > hir time is
Remember N<>TA PENNY will
be charged for the medicine re
quired to make a cure of all those
taking treatment this trip. <'dice
hour d a. in.
Positively married ladies must
be accompanied by their husbands.
Remember the date, Tuesday, Ap
ril Id, at I'nion Hotel, Falls City,
Notice of Sale of Real Estate
In the matter ot application of Edmond Me
Williams, guardian of Beniamin W. (list, a
spendthrift, for leave to sell real estate
Notice is hereby given that in pursuance of an
order of John IS. Kaper, judge of the district
court of Richardson County. Nebraska, made on
the 21st dav of September. 1908. for the sale of
the real estate hereinafter described, there will
Ik* sold at the west door of the court house in
Falls City, on the 24th day of April. l'KVJ, at 2
o'clock p. m„ at public vendue to the highest
bidder, for cash, or, at the option of the buyer,
nne-lialf cash and one-fourth in one year and
one-fourth in two years, deferred payments to
drtlw six per cent interest, the following de
scribed real estate, towit: The northeast quar
ter of the northwest quarter, the northwest
quarter of the northeast quarter, and 12 acres
described as lot two, 12 of the northwest quar
ter of the northwest quarter, also a tract of
laud lying Immediately south of lot 2, and de
syrilied as follows; Beginning at the center of
the northwest quarter thence running west to
the cente* of tin* channel of the north fork of
the Nemaha river, thence in a southeasterly
direction down said channel to a point directi>
south ot tin* point of beginning, thence running
north to the center of said north west quarter:
also beginning at a point in the public road at
tin* southeast corner of the northeast quarter of
the northwest quarter, thence running west to
the center of tlu* channel of the north fork ot
the Nemaha river,thence following tlu* channel
of said river in a southeasterly direction to the
center of said section thirty-one, uB) thence
running north to the point of lteginui ng :also,be.
ginning at the same point in the public road as
above mentioned, from thence running east to
the center of the northeast quarter of said sec
tion 31, thence south to the center of the chan
nel of the north fork of the Nemaha river,
thence up the channel of said river to the iron
bridge at Whitney's, thence west to tin* west
line of said northeast quarter, thence north to
place of 1h ginning, all in section tliirtv-one,<'31
in tow tiihip two, (2) north, of range fifteen, 1151
east of the 6th 1* M. in Richardson Count>. Ne
braska, and containing in the aggregate 125
acres, more or less.
Sab* will remain open for one hour.
Bated this Jlst day of March,
Kt'MoMi McWiu iams, guardian of IIksia
min W. (iiST, spendthrift.
J amks E. Lkypa, attorney’for applicant. 13-4t
SUFFER WHEN YOU CAN BE
RESTORED TO HEALTH. STRENGTH '
AND VIGOR AT A SMALL COST.
YOU CAN PAY
; WHEN CURED
ONE Vimir to our of
fice I* usually enough,
after that the treat
ment can bo token at
The Great CHICAGO MEDICAL INSTI
TUTE of St. Joseph. Mo., famous for its
wonderful cures. Nervous Debility, Ca
tarrh. Rheumatism. Stomach, Liver. Kid
ney. Blood and Skin Diseases! Weakness.
Stricture. Drains. Backache. Varicocele,
Scrofula. Blood Poison, Headache, Float
ing Spots before the eves. Poor Mem
ory. Loss of Steep, Loss of Confidence,
Easily Tired. Loss of Vigor, Pimples,
Eczema. Backwardness. Nervous Fears,
and all Chronic Diseases of Men and
Women. Advice free.
CHICAGO MEDICAL INSTITUTE
of St. Joseph, Mo.
floor Corby Block, tntrance 418 f dmondSt
Noti* i* hereby given that on March 22, 1HJW,
there 'ah- tiled in (he office of the County clerk of
ltic*harri*oii ( ounty. Nebraska, the article* of in
cor|»nmtion of the Matthew*-LittU- Company as
The -.Mine of this cor|*or*ttton shall lie “The
Matth- a - Little <'ompany.'*
\KTICI E II
The i riucipal place of transacting the busi
ness i>f this corporation shall 1m* til Falls City,
Rich 1*oq County, Nebraska
The general nature of (lie business to Im* trans
acted . ?hi* cor|*orntiou shall l>e a retail general
mercantile business. The corporation to have
the power and authority to own such real estate
as n -i 1m* necessary to pro|M»rly conduct its gen
eral “n antile business
Tv at hoi ized capital stin k of tin* corpora
tion -hall 1m* $10,000 in share* of $100 each, of |
whir: t he-uni of $25.0UU shall 1m* paid up liefore
-aid ■ narration shall commence business.
Tf Mine t*f the comineuceruent of this cor
porn' 'ii -hall Im* on the day of the filing of these
arti' - with the county clerk of Richardson
Con' Nebraska, and the life of the eorpora
tion -all terminate 20 years thereafter.
T ighest amount of indebtedness or liabil
ity wiiich this corporation sliall subject itself
to; one t ime shall not exceed two-thirds ol !
its i i capital stork.
VKTlt'I.K \ I
T itlairs of the «_•• irporat ion are to 1m* con- |
«(ti : #y a President. Secretary and 1‘rrusiU'ei.
and »ice President and a hoard of directors con
sist . of three stockholders. Thos. P.Matthews
si in. e t a- president, S A. Little shall act as
seci > and treasurer arid I !. L. Matthew’s shall
act s ire pre-ident until -aid offices are filled
by • lion as provided by the by-laws.
THOMAS I*. MATTHEWS.
S. A. LITTLE.
E. L. MATTHEWS,
\ i i n .* ti 11 ■ si gnat are of E. I..
Stir * Nebraska, *
Hit li-i-oii t Hunty. •
(• thi, J"th day of March. l'.Xifi, before me. the
urn ’'lgiied. a Notary Public in and for Rich
ard < ounty. V bra-ka. personally apjteured
Tin . I Matthew* and S. A. Little, whose names
an* •reiintn subscribed and who an* personally
kn vu to me to be the identical persons who
BUb-cribed the foreg'oing instrument and each
acknowledged the execution of the same to 1m* Ins
or her voluntary act for the purpose of incor
pomting The Matthews-Little Company under
nun by virtue of tin* laws of Nebraska
I witness whereof 1 have hereunto set my
hand and notarial seal the day and year last
'•'EM. (»rs P. CiUEKNWAi.ii. Nutary Public.
Stab* of Nebraska, / H
Hall County. \ "
On thi- 19th day of March. 1909, Iiefore me, the
undersigned, a Notary Public in and for Hall
Coi ity, personally appeared E L. Matthews
wIiom' name is hereunto subscrilied and who is |
personally known to me to lie tlie identical per
son who suliscrilied the foregoing instrument as
"I L. Matthews” and-heacknowledged theexe
cuf ion of the same to he her voluntary act for
the purpose of incorporating The Matthews-Lit
tle Company under and by virtue of the laws of
In witness whereof 1 have hereunto set my
hand and attixf*d my Notarial Seal the day and
year last above written.
My commission expiree January 5, 1912
sk \ i John Allan, Notary Public.
Keavis A Lewis, Attorneys. 12-41
Notice of Sheriff s Sale
Notice is hereby given, that by virtue of an
order of sale, issued out of the District Court,
in and for Lieburdson county and state of
Nebraska. midt*r the seal of said court, dated on
the 10th day of February. 1909, and to me di
rected as Sheriff of said county, to be executed, J
I will on the 17th day of April. l'.*09. at 10 o'clock
a. m., of said day, .at the west door of the court
house in the city of Falls city, in said county
and state, off er foi -ale ut public \endue, and
sell to the highest and best bidder, the property
descrilied in said order of sale, town
Lots one 1, two <2), three V and four I), in
block tiv ■ . Crook A Towle's second addition
to Fall- City. Neb., in said county, to satisfy a
decree of said court, with interest and costs re
covered by Peter Frederick. Sr., against John F.
Lamsey and Jeunie Ramsey.
Terms of sale. cash.
(liven under my hand at Calls City. Nebraska,
this 9th day of March, 1909.
W. T. FENTON. Sheriff
By Heaves.* Lewis. Attorneys. 10 5t
IN THE DISTRICT COURT FOB It I ( HARD
SON COUNTY. NEBRASKA.
Thomas McLane /
Ollie M. McLane '
Notice i- hereby given to the defendant that on
March 15th, 1909, plaintiff tiled his petition in
said court against said defendant, the object and
prayer of which a»e to obtain an absolute divorce
from said defendant upon the grounds that said
defendant has been guilty of gross and extreme
cruelty towards plaintiff without just cause or
Defendant is required to plead to said petition
ou or before April 26th, 1909, or the allegations
thereof will lie taken as true and decree entered
in accordance with the prayer of said petition.
REAMS A REAMS.
Attorneys for Plaintiff.
( First publication March 19, 09. It.)
f C. H. MARION J
f AUCTIONEER. |
| Sales conducted in I
scientific and busi- f
J, nesslike manner X
f C. H. MARION l
\ Falls City, Nebraska J
If you have backache and urinary
•roubles you should take Foley’s Kid
ney Remedy to strengthen and build
t up the kidney* so they will act proper
! 1 y. as a seriou* kidney trouble may de
' velop. Kerr's Pharmacy.
Private money to loan on Real
i Estate. Mortgages bought and
Isold. Call at First National
j Bank. 3-tf A. J. Weaver
GO SOME WHERE
The Seattle Exposition V pry low excursion rates will make it
possible foi join tu make the most interesting railroad journey lu tte
world at an extremely reasonable cost; only slightly higher though
California. Plan NOW
Rocky Mountain Resorts After June 1st very low round tr,p
rates will tie made to the delightful resorts of Scenic Colorado, to the
Big Horn Mountains, including Baton Bros, famous ranch resort at
Wolf, Wyo., near Sheridan; the \ ellowstone Park, either via Cody,
Gardiner or Yellowstone gateway; Hot Springs of South Dakota. Big
H :n Basin points. Th ei uiopnlis. Basin and Wonderland. Plan NOW.
To The East. An i xtensive s .-heme of • xcnrsinn rates to the
Lakes. Canada and eastern sea-uoaid resorts will I uniounceU j , r
tu .June 1st. plan Now.
Iuformati > ,n response to it ipiiries will i.e furnished at tie
earliest date. Do not hesitate to write us for information and publi
cations, 'Mate definitely what you want to know It will be a pi-a
nre to assist y is to include all available attract!, ns in your tour east
E. (i. Whitfok:.. Ticket Agent.
’ •; '‘f yt- Ij. W. A \kkl>;v. G. IA , Oumlia.
: THE GLAD HAND
We s.,or.!<l lie most happy to extern, it to every resilient of this
portion of the e. unty personally if they will c.f: at the bank. Until
you all come we will continue to extend it in these ads. It is the
most natural thing in the world to do business with people we know.
Often we hear one person say to another about some business house.
"No. I never go ‘here because I don't know anyone." Nothing the
matter with the store or its goods, or the proprietor, but here is a
case, and there art many of them, where the proprietor had not ex
erted himself either through his ads or in person to become known
to those with whom he wished to do business. This bank wants to
be known as the friendly bank. Unless you know us we cannot
hope to do business with you, and for that reason we aim to make
the reception we give all callers just as cordial as the invitations we
extend in these ads. Things are arranged here for your comfort
and convenience. We are equipped to care for your deposits
with absolute safety. We are prepared to aid honest men in devel
oping legitimate business enterprises. In short, there is no function
of a bank we cannot perform to your complete satisfaction
’ The Farmers’ State I3ani<
| PRESTON, NEBRASKA
K A * * AAAAAAAAAAAAA a a a a a a a a
YOU WILL SHARE OUR PRIDE
in dental work if you have need of our
service' and avail yourself of our skill,
experience and facilities. We don't da
half way work—it’s all or nothing with
us, as many people know to their ow,i
great gratification. Note, please, that
we make no charge for expert examin
BERT WINDLE. [>. D. S., Assistant
Tails City, Nebraska
Miss Lizzie Heitland, a gradu
ate of the Weltmer School of
Magnetic Healing, of Nevada,
Mo. I am prepared to treat dis
eases of all kinds. Phone 2T<>
Located at Mrs. Burris' residence
south of the convent. 4t
D. S. HcCarthy
Prompt attention piven
to the removal of house
PHONE NO. 211
EDGAR R. MATHERS
IDELlSI'F I S'F
Phones: Nos. 177, 217
Sam’l. Wahl Building
R R. ROBERTS
Office over Kerr's Pharmacy
Office Phene 260 Residence Phone 271
tJ OHX W iLTSE
Practice in Various Courts.
Collections Attended To.
Notary Public. FALLS CITY
DR. C. N. ALLISON
Phone 248 Over Richardson County
FALLS CITY, NEBRASKA
Tr. 104—St. Louis Mail and Ex
press .1:23 p. m*
Tr. 106—Kansas City Exp.. 3:41 a. nt.
Tr. 132 x—K. C.local leaves. .7:30 a. m.
Tr. 138 x—Falls City arrives 9:00 p. tu.
x—Daily except Sunday
Tr. 103—Nebraska Mail and Ex
press.1:52 p. at
Tr. 105—Omaha Express... .2:23 a. m.
Tr. 1.37 x—Omaha local leaves »>:15 a m.
Tr. 131 x—Falls City local ar
rives. 8:45 p.m.
x—Daily exceDt Sunday
Local Frl. Trains Carrying Passengers
Tr. 192.x—To Atchison.11:10 a. m.
Tr. 191.x—To Auburn.1:23 p m
J. B. VARNER. Agent
No. 13—Denver Exp.1:59 a. m
No. 15—Denver Exp. (Local). 1:43 p. m.
No- 43— Portland Exp_10:17 p. m.
No. 41—Portland Exp.2:29 p. m
No. 121—Lincoln Loc. via Ne
braska City.5:00 a. m.
No. 14 St. J., K. C. & St. L. .7:41 a. m.
No. 44—St. J.. K.C.&St. L .
(Local).11:02 a. tn.
No. 10—St. J., K. C. ,v St. L. .4:30 p. in.
No. 42—St. J., K. C. a St. L. .7:00 p. m.
No 122—From Lincoln, via
Nebraska City. 3:45 p. m.
E. G. Whitfof.D, Agent.
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