Omaha : Daily Be
The
VOL. XXXVIII y 91.
- A.
OMAHA, FRIDAY MOllNING, OCTOBER .2, 1908 TWELVE PAGES.
SINGLE COPY TWO CENTS.
-
TilROM ON lllGUWMMARY of tbe bee
'Ha mil do wrong for no man, and therefore can be trusted by. all men."
-TIlEOOOItn ROOSBVEI.T.
OMAHA 'CHEERS TAFT
Tora Their Entire Herd Into th t
Kinf. Pleasure Ground..
THOUSANDS OF OTHERS ATTEND
Jam on the Qroundi Increased When
Taft Meeting Adjourn.
mEWOEKS A" GREAT SPECTACLE
Crowdi Becoihe Merrier ai the Week
Drawl to a Cloie.
CONFETTI BATTLE IS FIERCE
trret Railway Ofllrlnl Bffort Hnnd
ling ft tjaaetrr of a Million Peo
lc Wri"dar Which
Break All Reoroa.
- Carnival Atteadaneo.
l0O.
WtlnNlif ......
Thursday S.31S
JTrtday , e.9!
aturday 18.68
Monday ; 10,11
Tuesday S6.C90
Wednesday ...... .89,798
it. io.
. 9.B09 4,378
S.7 T.0
009 .77
83.100 10,804
,433 7,M
17,4l 80,873
83,a4 90,43
. Klaa'x Highway Progrnna.
aTlng- Xlway op at la o'clock aeh
day. .
Madam rraaeoa and dlTta horse, 8i3f
ad p. m.
nUlvaa and Xllrsin, a aad O0 p. m.
Balloon rac aad airship flight, P-
Slid fat XJf a. p. m. aad 10 p. m.
Country Clrouo hlbiUon hourly.
' Triday Aaclsnt Order TJalted Work,
mm Say.
tarda?- JBafl Bay,
Ah-Sur-Ben Om Kreata.
Coronation Ball rriday.
OUdaxaU Ball Saturday, as90 p. n.
Full of brcexy carnival exuberance, some
700 member of the local lodge of Elk and
half aa many more from outsld the city.
Ir.vaded tlic King' Hlwbway last night,
tormed the flea circus, whirled round tho
Circling wave, peered at the smallest horse
In tha word and violently applauded Wen
cna when the glas ' balla amaahed at tho
crack of htr rifle. Incidentally the mem
ber of the antlcred tribe almost created
a' famine In the confetti market.
Every night thl week th royal thorcugh
fara of Klna Ak-Bar-Ben XIV haa seen
the crowds grow and If possible become
more merry. To this rule of Increase,
Elks' day or rather n'ght wa on excep
tion. About every member ot the order In
tha city had made up hi mind to go and
carried out his Intention. Most of them
also brought a ' fow " friends to help swell
tha receipts and the. volume of cheerful
tlolae expected of carnival aAtendanta.
Exalted Ruler J. A. Rlne Fat Bxalted
Ruler A. C. Wakely ami Secretary Isaac
M -4Jvt mborta, . Vhalr figure afeiv
the rallying polats for" groups of Elks
throughout the evening and while tha or
der did not attend 'In a body," yet they
were naturally cohering all the time. Occa
sionally a swirling eddy of laughing, ges
ticulating and shouting humanity would
sweep along with it an' Elk or two, but
these quickly, got back to the ma'n herd.
Flrewarka Arc Great.
Members of the Benevolent Protective Or
der of Elks have seen many fireworks dis
plays at national conventions of the order,
but they agreed with one voice that the
pyrotechnli s. In honor of King Ak-Sar-lten
XIV last night eclipsed all these and vied
with any conceptions with which famous
Fayne or Klralfy ever made the heavens
tx-autlful.
Aerial bouquets of seventy-five one-pound
rockets, empyreanj Nlugara Kalis. Rough
Rider fusillades and a score of other set
ptecrs glorified the skies and dsszled the
retinas of the thousands on thousands who
watched tho aenlth from the carnival
grounds from the street and sidewalks all
over Omaha and from the surrounding
country districts.
Set off from a well chosen point, the lot
where the Edward Roeewater residence
st od high over the rest of the city, the
gigantic tongue of fire and forks of flame
were easily visible to every one who cast
his or her eyes aloft. Spectators saw a
Biixor.' pyramid. Tankee Doodle batteries
ai d floral fountains w'.lhout numb r as well
lis mines and umbrelU gaudy and bril
liant In a riot of bright color.
After the Taft. meeting the thousands al
ready on the grounds were augmented by
those who attended that meeting.
Haarter of Millloa People.
Member of tho Ak-8ar-Ben Uoard ot
Gueeruora who rode In the electrical parade
Wednesday night say the crowd was the
laiKcst ever on tha streets u the fourteen
ytars of Ak-Sar-Ben.
The Omaha, & Council Bluffs Street
Railway company handled over 225.000 peo
ple Wednesday and old it without a mik
liap. The company was better equipped
than ever for handling large crowds and
kad forty cars mors In service than on the
night of the big parade a year ago. New
cats were ordered last year for delivery
before the parades, but they did not ar
rive In time so the company had the twenty
new cars from last year and the twenty
ne cars of this year, which made a con
siderable addition to the service. Within
cne hour after the parade had passed over
Mi cars passed Sixteenth and Howard
sirtrts In both directions, over three to the
minute.
Council Bluffs turned out In full force
to see the electrical pageant. Western
Tuna ; turned gut nearly as well as Ne
braska and the Iowa railroads had all they
,-ouM do to handle the crowds that came
to Omaha. The bridge atreet cars were
all loaded to the guards.
An Idea of the cmwda from out-of-town
i turn.) t be gained by tha report of tha
railroads of the number brought in Wed
nesday liecauaa the ratea have been ef
fective" all week and people have been
drllllag In steadily sine Monday. All the
, rosda had special trains out Wednesday
night and all ot these were well filled, al
thougu it was evident many people wen
staying over for the fireworks and to hear
Teft.
What Law Hate Da.
f Tha Tnlon Pacific with Ita 1-oent-a-mlle
rate has brought about . people to
Omaha during the week and tha Burling
ton about 10.0UO with its 14-cent rste. Es-
tlmates were not available on the other
lines, but It la safe t say the fourteen
. Itnca running Into Omaha had all tha busi
ness they could well, handle.
Aa Increasa wsa shown from etery dtrtc
lia egi-ept from west and south of Lin
coln, tnd Uicre Taft rut in on the crowd
with tha big Tart celebration at Lincoln.
Aa aeUmale of that crowd may be gained
(CeuUnuat Third P
Elka
Friday, Octoher 3, IffOM.
V . sYKsrrT- MlQ
V&dBEl&y 1908
7TZ. hd ffl' W
TZ """" J 2 3
45 6 Z 8 9 10
11 12 13 14 15 16 1Z
18 19 20 21 22 23 21
25 26 2Z 28 2930 31
TIB VXaTHa.
FORECAST FOR NEBRASKA Inrreaa
cressing clotirilner and warmer Friday.
FORECAST FOR IOWA Friday fair and
warmer.
Temperature
at Omaha i'
Peg.
42
42
41
41
46
M
65
fcS
1
3
65
DOMXSTIC.
Judge Taft spent yewterday, previous to
his arrival In Omaha, touring southeast
ern Nebraska. He was received with en
thusiastic crowds everywhere. Page 1
Bankers in their seseton at Denver acted
upon reports of committees that were
strongly condemnatory of the theory of
guaranteed hank deposit. Iag 1
President Roosevelt la reported to have
made Inquiry Into the conduct ot the cam
paign In New York. Jag 1
The demand fo rtlckets to the banquet of
the Chambe rot Commerce at Chicago has
been very great. Iag 1
W. J. Bryan finished his tour and re
turned to Lincoln yesterday. Fag 8
Senator Newlands may be elected presi
dent of the Irrigation congress. Fag 1
Experts, after examining the aanct of
the Plllsbury-Wafhburn Milling company,
say the satno are over 11,000,000 mora
than liabilities. Fag 1
FOKEIOW.
The battleship fleet is expected to ar
rive at Manila Friday evening. Fag a
XiOOAX.
Local self-government for cities the
principal topic of discussion before tha
League of American Municipalities. Aft
ernoon Is spent in a trip over the Lane
cut-off and a visit to the packing houses
and stock yards. Fag 1
Interstate Commerce Commissioner
Prouty hears case growing out of grain
elevation charges. Fag 4
Albert Walthers kills himself because
his cousin refuses to to marry him.
Fag B
Carnival ia crowded again Thursday aft
ernoon and evening. Wednesday was a
record day for the atreet railway com
pany, which carried over 150,000 passen
gers without a single accident. Fag 1
'' " - ' SFOBT. -Result
rf the ball games: - '
C-3 Philadelphia Vs. New York-2-4.'
4 Chicago vs. Cincinnati 0.
2 Brooklyn vs. Ho. tun I.
6 Philadelphia vs. Boston 2.
5 New York Vs. Waxhlngton ft
Fag 11
COBCMZmCXAX. AITS ZKOUSTBIAXm
Live stock markets.. Fag t
Oraln markets. Fag 8
Stocks and bonds. Fag a
MOTJatlHTa OF OCEAW ITBAMSXIFS.
Port. Arrived.
Palled.
. .Carmanla.
..Teutontc.
..Arfrntlna.
..Korea.
...Majestic.
..K wiihalm II.
. J'aronta.
..Frlealand.
NEW YORK Xmbrls...
NEW YORK
NEW YORK
NBW YORK
SOUTHAMPTON.. oceanic...
SOUTHAMPTON
XtVRHPOOb
LIVERPOOL
gt'KKNRTOWN. . . Saxon 1. .
JlK tNSTOWN . . .Havrrford
BOSTON .Bob.mil
AEON'S PASSENGERS RESCUED
Party Shipwrecked oa Christmas Is
laad Reaches Sara on Steamer
Kanaka.
SUVA. FIJI Islands, Sept. ao.-The caft
aways from the British steamer. Aeon,
who spent nearly two months cn Chrltt
ma island, tin almost barren coral forma
tion In the Pacific ocean, arrived here to
day on the steamer Manuka, of the Canadian-Australian
line, all well and in
creased by one In number. A .daughter
was born to the wife of Chaplain B. R.
Patrick, United States navy, twenty-four
hours before the Manuka was sighted, and
thla event w.th the revival of the res uer
was maie the event of much lejoieing.
FLEET AT MANILA FRIDAY
Wlretrsa Message Meeelved Indicate
Ins; Thla aa Time ot Arrival ,
fa Harbor.
MANILA. Oct. 1. A wireless . message
received this evening from the correspon
dent of the Associated press aboard the
flagship Connecticut, says that Atlantic
battleship fleet. Is expected I to anchor In
Manila Bay by t o'clock tomorrow evening.
The cholera Is fast losing ground before
the vigorous war waged by the authorities.
During a period of twelve hours today but
seven cases were reported and of these
two were only suspects.
LANE WILL N0T BRING THAW
sheriff at White Plalaa Refuses to
Obey Order ot Federal
Jadgo.
WHITE PLAIN 8, N. Y.. Oct. l.-A writ
of habeas corpus signed by a Judge of the
federal court for the western district of
Pennsylvania and commanding Sheriff
Iaiie "forthwith to produce the body flf
Harry K. Thaw In Pittsburg." was served
on the sheriff today. Sheriff Lane noti
fied lb deputy who served the paper that
h would refuse to obey the order.
Pera CI ah Hears Taft.
PERI. Neb.. Oct. l.-(6peclal.)-The taft
club of the Normal held Its first meet
ing, since school began. Tuesday evening.
After an address of welcome by the presi
dent, Mr. Eastwood, addresses were made
by Prof. F. VI Gieg. J. E. Morgan. C.
B. Moore and C. W. Knoll, prominent
members of the school. The membership
of the club will be large. It was votel
at the meeting that arrangement be made
for a special train to Nebraska City to
day to hear Mr. Taft peak at that place.
Almost every member of the club made the
trip.
Baakrr Commits Halrld.
GRAND FORKS. N. D.. (VI. l.-The body
of John HVuipoivkd. cashier of tlm Stale
bank of Bnwradj, N. 1).. was found about
noon today lu the balcony of the alua n'c
temple here. He had committed suiciild
by shooting himself through (he head. No
reason for the art ta known. H-nirHtr,l
was a man of good hahita and so far aa
known was cot in flnsuctal trt.,kw.
i
' 6 a. m..
y 6 a. m..
' fibf- a. m..
JiJ 8 a. m..
Tnl , 50 m--
VVNftr 12 m
' 1 p. m..
3 p. m.,
1 3 p. m.
ALL DELEGATES ARE FETED
City Officials Are Entertained by South
Omaha and Union Pacific.
VISIT THE BIO PACKING- HOUSES
Mr. Mohler Takes Them ta Five Mo
tors Over the I.awe Cat-OaT, aw
They Are Enthaslaatla
la Praia. i
FKOQKAM FOB TODAT.
Knalolpal Government by Commission
Discus sloa 'conducted by O. X. Xuatoa,
commissioner. Cedar Jtaplds.
Xdquor ' Problem la the Cities
W. B. Joyner, mayor, Atlanta, Oa,
Banlsl X.awlr, mayor, Bt. Paul.
David . Boa, mayor, Milwaukee,
auas Cook, mayor. Bast St, Lords, XU.
Joseph Oliver, mayor, Toronto, Canada.
X. O. Bohaffer, mayor, Book Island, X1L
J. H. Graham, mayor, Wichita, Kan.
X. A. Bohnnk, mayor, Dubuque.
Election of officers.
election of city (or 1909 convention. '
Entertainment by local committee.
South Omaha and the Union Pacific road
were given an opportunity to assist In the
entertainment Thursday afternoon of the
IVt delegates attending the twelfth annual
convention of the League of American
Municipalities and they entertained the
vint org In royal style. ,
The two sessions ot the convention Thurs
day were crowded Into one and the day'a
work was completed bet ween, the hour of
o'clock in the morning and 1 o'clock In
the afternoon. One hour was given for
lunch and at 2 o'clock the delegates started
on a trip over the Lane Cut-Off In the
McKeen motor cars, kindly offered by the
Union Pacific Railroadoompany. The dele
gates were taken the entire length of the
cut-off, which cost th company clos to
$3,000,000 and brought back to South Omaha,
where they were escorted through the four
packing house Swift's Armour, Cudahy
and the Omaha; A buffet lunch was served
In the exchange building, short addresses
delivered, snd the delegates returned to
Omaha In time to hear eecretary Taft
and Senator Dolllver. the 'presidential spe
cial" following the McKeen motors Into
Omaha.
Five 6f the motor cars composed the
delegates' train over the cut-off and those
who took the trip enjoyed themselves to
the fullest extent. Vice President A. U
Mohler and several other officials, were on
the train and they showed their guests
every courtesy, even going so far aa to
duplicate the entertainment committee's
stock of cigars. But very few of the dele
gates had ever reen a car looking anything
like the McKeen motors and the new In
vention excited their curostty in the ex
treme. I could easily Imsglne I was In a sub
marine boat or on an airship bound for
Mars," was the way Hugo Grosser of Chi
cago expressed himself. "Pointed at th
end, theso cars look Ilk torpedo bats and
tlieee round' uw.thole windows Tut. ther n
deception. Anyway, these motor cars are
great stuff and no one knows how I have
enjoyed this trip and I appreciate th privl
lege of riding in them as the greatest court
esy. When the McKeen motor cars super
cede the steam cars I will pride myself In
having ridden In the first ones constructed
At South Omaha the delegatea were di
vided Into four ectlins and one section
visI.eJ a packing house, all cf the dele
gates thereby being enabled to see the In
dustry. Killing and dressing ot beols.
hogs and sheep was In progress In ill me
packing houses at the time of the visit
and gentleniHiily officials and clerks es
corted the visitors through. The majority
of tho easterners had never Been a packing
house before and they opened their eyes
In wonder whn they followed a steer on
the hoof through his "career" to the cool
ing room, killed, dressed and ready for
shipment in less than fifteen minutes.
I.anrh at the Exchange.
From the packing houses all Journcyel
to the Exchange building, where a buffet
lunch had been prepared by the Union
8 ock Yards company and the Sauth
Omaha Stock exchange. Special tablea
were provided for the women in the party
and the lunch was an enjoyable feature
of the afternoon entertainment.
George F. West, member of the Omaha
entertainment committee, acted aa master
of c.remonlea and Introduced Colonel T.
li. McPherson, president of the Live Stock
exchange, as the first speaker. Colonel
Mct'herson spoke but a few minutes, aa
diil all the speakers, but In his five-mlnutc
addre.-s left no doubt in tho minds of his
hcaiers that they were Welcome and that
South Omaha was glad that the paid
it a call.
"We are not Jealous of our big sister,
but South Omaha Is on the map and is
covering a larger portion of that may
rach succeeding year, growing from abso
lutely nothing in 1100 to a city now of
0.(00 people," said the colonel. "South
Omaha la the third largest stock market
and packing center In the entire world, It
la the second largest sheep market In the
world and Is the largest range horse and
feeder market in the world. W are proud,
of our city and we are proud to welcome
you."
Mayor Mahoal Speaks.
Mayor J. Barry Mahool of Baltimore,
president of tha league, was th next
speaker, responding to the address of wel
come In fulsome terms.
"Omaha Is a great and good town. South
Omaha Is also a prosperous town, and
whetner you ever Join In one grand, mag
nificent city or not I hope that both Omaha
and South Omaha will grow and prospxr."
said the president.
Vice Prsldent Mohler of the Union Pa
cific, the next speaker, told something of
that great railroad system and of the west,
ern empire It had helped to upbuild. He
suld that when the road was first con
structed the land within ten miles of the
line througlKHit its entire length was val
ued at but 12,0(0. Oio. but that now the
valua'lon of the stxme realty Is II. (70,000,000.
"We are standardising and systematizing
our entire system and work," said Mr.
Mohler, "nnd when the cities of this coun
try and Canada do the same their bond
will find a more ready sale and will be
worth much more."
Bruce McCulIoch. editor of th Stock
men's Journal, supplemented Colonel Mc
Pin ron'e welcome In a short talk to the
visitors, telling them that they are the men
who make the cities and the country, not
the carping "muck rakers" and thoee who
are continually criticising the work being
done by those In official rapacity.
Bin JeaT Talks.
"I bellexe that in tha brains and minds
ot the men her assembled rest the gov
ernment of th cities, and tb idea gath
ered at this convention one from another
will result In better gtvernmnt, aad la
(Continued oa Fifth Fa?-'
' 1
I
(Copyright. 1908, by The Mall and Express Company.)
BANKERS OPPOSE GUARANTEE
Federal Committee Declares Strongly
Against Plan.
REPORT MADE AT LAST SESSION
Final Day ot Denver Meeting Given
Over to Ulsrnsalon and the
Selection ot Neve Officers
) tor Year.
DENVER, Colo., Oct. 1. Trie question of
guaranteeing bank deposits was brought
squarely before the annual convention of
the American Bankers' sssoclatlon at its
afternoon session today In a report of the
association's federal legislative committee,
which takes a decided stand in opposition
to such action by either the federal or th
state governments. The report In part Is
aa follows:
"Your committee Is opposed to the guar
anteeing of "deposits by either state or
federal governments, or the assuming of
a trusteeship by either, of a guarantee
fund, believing that it would be a func
tion wholly outside of any purpose for
which state or federal governments were
organized, and for the further fact that
the assuming of a trusteeship would - be
misleading to the general public, aa It-Is
not a guarantee by either state or federal
government, and that such a law would
work to th detriment, not only of the
banks, but to the depositing public as well.
It on class of bank creditors Is to be
Insured against the usual mischance of
business, why not all claases, and where is
the. Justice of levying a depositor's loss,
for which he is not responsible, on other
banks, who also are not responsible for
his loss and hav no vole whatever In the
selection of where he shall keep his ac
count? Bank Stands for Deposits.
"Depositors of a bank are guaranteed
primarily by the character of the assets
In which the depositor's money Is In
vested and fortified by th bank's capital
and surplus. If a bank's asset, that is to
say. Its Investments, are good, If its credits
have been wisely and conservatively ex
tended, depositors are amply protected
and need no other guaranty. Why should
not the bank' assets be guaranteed? Why
not guarantee payment to the banks of
the receivables of their various clientele?
This would guarantee deposits. Both prop
ositions are alike Illogical and alike ab
surd. "Deposits In a bank are safe in Just
the proportion ( that its assets are good.
We should discourage unwise extension, of
credit, rather than cpen the' way for reck
less banking, which would seem to be the
Inevitable result of tha proposed schemes.
"We are' told that these plans will do
away with panics. Are they not more
llkoly to prov th mother of panics? A
panic la business paralysis, born of unrea
soning fear on th part of the public. In
such conditions, will depositors refrain
from withdrawing their funds? Will they
not, rather, withdraw them at once be
cause of the unknown danger resulting
from each bank being compelled to guar
antee the losses In 30,000 other banks? To
thoae who hav had th gruelling ex
perience ot several panics, there U but one
(Continued on Third Pag.)
WW, :
NEWLANDS MAY BE PRESIDENT
Movement on Foot to Name Senator
to Lend the Irrigation
(uuarraa.
AI.Bl yUEHQUK. N. M . Oct. l.-A
movement has gained headway unions the
delegates to the- National Irrigation con
gress to put forward S?nator Francis G.
Newlands of Nevada for president of the
next congress. Senator Ncwlunds' con
nection with tho reclamation act and his
Interest In reclamation work are put for
ward as arguments In his behalf. Vice
President Uarstow of Texan, however, ha
very strong support, among the delegates
from the southwest and Is considered the
probable choice.
. The resolutions committee, appointed
yesterday, held its first meeting this morn
ing, and began the preparations of tts re
port. , Resolutions will be Introduced protesting
against certain phasesof tho government's
forestry policy, but if Is not believed likely
that any of these will get past tha com
mit tee.
Yesterday's extended session following
the attack by . Mr. D. C. Beaman disar
ranged the set program and a long Hat of
papers on Irrigation and agricultural sub
jects occupied the major portion of today's
sessions.
CONDITION OF MILLING FIRM
Experts Find Value ot Plllabory
Washbara Paper and Plaat
Exceeds Liabilities.
MINNEAPOLIS. Minn., Oct. l.-Marwlck.
Mitchell St Co., who have been examining
the books In Minneapolis of the Plllsbury
Washburn Flour Mills company and of
the Northern Elevator company, In be
half of the receivers of tho two companies
have submitted their report. This was
the subject ot the examination of the
creditors' committee, in seseion at thd
Northwestern National bank yesterday and
today.
The general consolidated liabilities of the
two companies are shown to b K,'xa,lK.tl.
The qu ck as-ets are given at 12 J'S,
G89.6i and the mill propcrt'es of the Pllis-bury-Washbum
company and the prop
cities cf the Minneapolis and Noithern
company combined at 13,901. 636.16. This
makes rxeess of assets over liabilities of
tl.lt, 6 6.06.
SIMS WILL NOT MAKE ANSWER
Standard Oil Pleading Will Not Call
Forth m Reply from the
Government.
CHICAGO. Oct. J.-rThe answer of the
Standard OH company of Indiana to the
petition for a rehearing by the United
States circuit court of appeals on that
court's reversal ot Judge Land is' decision,
fining the company tlS.StO.UOO, will not be
answered by District Attorney Sims. It
was learned today that the district at
torney considers that th company's answer
does not require argument supplementary
to thoae In the petition. The court of ap
peals. It Is stated, will begin the fall term
on October 1 It Is optional with the court
whether It shall rule on the petition on that
day or later. In th event that the petition
is denied, a writ of certiorari carrying tbe
caa to th supreme court of th fulled
State wUl be obtained,
GUARANTEE SCHEME FAILS
James S- Sherman Tells How
Worked in New York.
It
LAW PASSED EIGHTY YEARS AGO
Ninety Ilenka t ame In I mlrr Safely
Fund Art nnd Eleven Failures
Created an Enormous
Ueflelt.
PEORIA, HI., Oct. 1. James S. Sherman,
republican candidate for vice president. In
a siceuh here tonight:
Mr. Bryan in accepting the third nomi
nation for the presidency Halls attention
to the fact that he has twice been d
feated as a candidate for the same office.
Mr. Bryan twice suffered defeat becaune
the American people believe that the
KtHtutory enactment of his platform
declaration would bring commercial
diHantcr to our people. Many of theae
vagaries are omlitid from the platform
now; omitted to give place to new and
hardly less startling and dangerous provi
sions promises. It is proposed thai by a
defined method the Individual deposits In
all banks of the country bo guaranteed.
With great earnestness Mr. Hryan en
deavors to convince the average men of
the wTdom of this proposal.
Demacrts have at various times held
mastery of all departments of the govern
ment ot New York male, which Is ad
mittedly the chief banking state of the
union. Yet for mora than half a century
no partisan leader, no financier has ud
vocated the guarantee of bank deposits.
Thla has not been because the policy was
unknown. New York had an experiment
which was costly and disastrous.
In 1K.'9 a law wns passed creating a
fund for the benefit of the creditors of
certain manufacturing corporations, and
this in popuhir phrase was styled a safuty
fund. The law drew nu distinction be
tween notes and other obligations and the
statute went further than ti e urxum nl
of Its a .vocates. Doros ts wi re cover d
by the guarantee as well aa notes. Th.
legislature after some vears discovered
that deposits are an affilr bftween u
tank sml Its customer whllo tin- cr u
le.tlng rr.nl jni nfleitt evtr.b dy who
handles money or wages or traff c of any
sort.
Bin- Dvflrlt treated. '
Ninety banhs P'tl l tax' s into the saf. ty
fund and elevent drew frm It to c ver
their loesi s. The defleim In the fund
OTpel!ed npeated taxes on the bmks
wl lie the Htate issued binds to enticlpuU
co lections delayed. The kIiohI of the guar
antee was not laid u it 1 11 l.viri. when the
aecounts were cloned. I'p to IMS the total
loee whl.h became claims ugilnat the
aaf.ty fund were 2.549 00. while the taxes
had produced only si.Mj2.M4). The surviving
banks In t ie fund were forced to pay In
tile defh-lt trom the res juices of their own
atiK kholiierj.
The furl burden of the guarantee
$3,104,00(1. The grand balance ihet shows
that prior to IMS the creditors of the
banks lost ' m arly 25 per cent of their
claims which the state mailo good until the
surviving co.ild pity. The result reached
far beyond financial circles. The iidum
which attached to all I anka pervaded fce-i-eral
business. The moral Mory was baldly
less than the money ruined.
Yet, Mr. Bryan urgi-a mat the govern
ment requires srcurif for public fundi
placed In banks. (' uld even his Ingenuity
devise a more striking liluatiation of h s
loose bahlt of dealing Willi economic
themes? The law directs the lecreUry of
the tier.iui-y to aaivuanl Uei,aila of
money in hanks by a i lelg., ,,f n u
lie deals with each dep,atury by itself.
Kucli bank stands on its own f,-et, and
no tax is lniij 's:d on Its ompo i.or.i, to
make up possible ks.
Men io Bark tm Work.
KNOXVILLE. Tenn . O t. 1 The South
ern Railway gave today regular empov
ment to more than lux) employe at its
shop at Cosier, a suburb. The shopa
have been working at greatly reduced fore
Both Cities Accord Presidential Korai
nee Tremendous Ovations.
IMItENSE THRONGS GREET HIM
Assure, the Judge That Bryan's State
Is at His Feet.
SHAKES HA1TDS WITH THOUSANDS
Meets Vast Assemblage at Depot on
His Arrival. v
ALL EAGER TO SPEAK TO TAFT
Senator Dolllver Holds Bla Andlenre
at Aadllorlnm Twill Arrival at
Jada-e, and Then It
Ooes Wild.
"X sow feel confident X am rota to b
elected president of th United States.
Th spirit tn which th psopl in th
tat through which X hav traveled hav
received m . and th Interest they hav
shown In th republican onus ha ha
most gratifying and oninod at there 1
so doubt of th attitad of th wtrn
state.
With all doubt of th wit removed, th
result of th election appears to m cer
tain." Th aboT stattment wai authorised by -Judg
Taft upon hi arrival ia Omaha
after a two-day' campaign through th
eastern section of Vsbraska, following a
trip through th northwest.
"Taft. Taft, Big Kill Taft."
That was the cry taken up by thwjsan.le
Of voices at 1'ijlon station Thursday even
ing at 6:30 when the Taft special pulled
Into the depot over the Missouri Pa l!lc
and when W. H. Taft appeared on the
rear p'atform.
Ti e reception committer of 900 led n
business and proferslonal men of Omtht
were on ' hand and their number was
swelled by several thousand others who
bad gone to tha derot to get a sight of
the' next president of the United 8tates.
The Kites to the tra ks were thrown opctf
as the Taft Hpeclsl appeared around the
curve to Ike west and the thousand who
were In the station 'swayed out onto tha
platform. " . .
The welcome extended to Mr. Taft left
no doubt In his mind that h was sm.ng
friends, even though In the state of his
oppomnt. The outburst of enttiuaiaim
which greeted lilm oa he stepped on tlw
platform wu spontaneous and lasted for
many minutes. It was announced from
the platform as soon as the cheering had
stuppej tl:ut Mr. 1 aft would make no
sp. ech at the s:atlon, but would be g!ud
to shake hands with everybody.
thief of Police On llaad.
Chief of PorUe L).ju)iuo was present an J
with a si in ad of petit cien Soon-formed a '
line hy ...which ; th ...s;ic.u j-niA (.- eg-jr
citizens wore cnubluJ to pu ?a' by the reap
platform and grasp the hand of Mr. Tuft.
The long line took half an hour In panning
and Mr. Tart sho k hnnds and hiuX a
pica-ant word for all.
Aniens lliore who patsod in th I'.ns
was Senator Dolllver of Iowa and as aeon
as Mr. Taft grabbed his hunj he fa rly
lifted the portly senator from Iowa onto
tho platform und had him take a place ut
his slilo.
Among theso passing llirougli the line
were many or the visiting dobguU to tin:
convention of tiic Le;.Bue of American
Municipalities, who arrived ut Hie station
just ahead of the Talt special. Thoy wcru
retaining from a trlj over the l.ano Cut
ot7 of tho Cnlon Pacific an through Hie
South Omaliii stock yuids.
Mr. Taft remained his car until 7:3
when ha 'was taken to tiouth Omaha for
the .meeting. The newspaper men who ac
companied Mr. Taft were given a srlii
uround Oinuha In automobiles which were
at the s.atlon in wait ng.
Tremendous Throng of Toller.
The presidential nominee wus greeted by
a tremendous throng at bouth Omaha, the
great packing town, wheru thousands ol
men who make their living "by the sweat
of tticir brow ' were eagerly awaiting htm.
If any of Air. Taft timorous friends ever
had a doubt of his popularity among th
"working claases" and was present ir
Bouth Omaha last night, then certainly ha
must have felt that such apprehensions
were ill-fouiidcd. No man could have been
given a more cordial reception than wai
this distinguished statesman. Bturdy sons
of many a nation gathered In the Magic
City as the real spokes of the gigantic
wheel which drives the Immense packing
Industry, cheered and rechecred hint upon
his arrival, during th speech and upon his
departure und many boarded street cars
and hastened to Omaha In the hope of be
ing able to hear liiiu speak at th Audi
torium. Judge Taft brought a hopeful and wel
come message to the masses at South
Omaha. Ho brought a message of assur
ances of his friendship for the men who
toll, of whom lie Is one. and he must hav
dispelled any doubts that existed as to
his sympathy with them.
Returning to Omaha. Mr. Taft found th
maaslve Auditorium literally packed. Sena
tor Lsjlllver had held th attention of
about 8.0WO persons by the magnetic force
of a great speech and turned them over to
Judge Taft, who was accorded such an
ovation as toino to few men in public life.
A. W. Jefferis. "nig jeff," republican
candldulo for congress from the Second
district. Introduced the presidential nomi-
..., ,mn, wmcn in Itself, wa
powerful and eloquent. Jefferis reached IiIh
! climax amid a storm of applause and the
J last words were swallowed in lirdlain.
Issue la aa Old One.
Mr. Tuft Ha id:
"The lue of the next campaign Is th
same that we hud In every old campaign,
whether you prefer the republican party
and the tilings tliut it has done, to the
ulemocrullo parly and the things that It
llau not done, but the things that It prom
ises. The record of the republican party
Is so long that It Is like the annuls of a
happy government it is tiresome. 1
could go bark forty-eight years and take
your time until li o'clock and not get
through the rexume In a summary way
of whut tb republicans have the right
to take i',.lit fo. Wo will only go back
twelve yeura.
"We firm extublialiel tlm old utainl
ard. We btamved o,t the head and k:ilel
j repudiation. We paxHeil tin- lilnglry hill
and substituted It foi tlm d iriiian-Wllhoa
bill, and on those two acts depended the
marvelous j ionperlly that followed under
republican auspices for twelve years.
"Then we fought the BpaiiLth war. and
we fought It well, and we fought it
ijuUkl)'. but the war was uiori Important