"'i'HH t Ki AHA MNPAV lUOi-i:'. NOVKMUKIi . 1. 1!1S.
;
Y
Oklahoma Wildcat Banking and Bryan
At a mating of the HIMonul sneiety of
this state a ysr o. us Its prrsi li nl. Ilio
airreeshle f 1 1 t devolved mi m" if intro
duelng Mi. Bryan as tin- principal speaker.
It was at that meeting thnt I heard him
' declare for the government guaranty of
dpposlta which lie then and there adopted,
lie distinctly said that the pernicious
scheme not hla own. and frankly
stated that he had borrowed It from aomb
respectable financial blockhead In L.!nroln,
whose name he save, but which I have
f.irgotten. Like the free silver terror and
every other proiwsltlon he ever made In
politlca, he borrowed this new vote-cntcb-,
ina; device of government guaranty of
bank deposita. He never made a serious
I proposition for a platform which he did
' not steal or borrow In hia life. He pur
loined the free ailver fraud from Mr. Bland
of Missouri, who had largely created that
monetroua invention to ruin the country,
and then tricked hlrn out of the nomination
,' for the presidency In 1K96, to which lie whs
fairly entitled. Mr. Bryan la a populist
and worse. And he borrowed hia govern
ment ownership of railroads from Tom
Watson, Tom Tibbies and the other Toms.
Government guaranty of deposits Is as
dead as a mackerel In the atate that will
beat Mr. Bryan out of his boots next
Tuesday as a prominent Issue, but as the
.cunning scheme Is relied on by Mr. Bryan to
carry this state, Mr. Hitchcock to return
to congress, there would seem to be a
necessity for giving the new Issue some
attention.
No better scheme for wildcat bank
swindles and legalized piracy was ever
hatched than la thla government guaranty
scheme. I do not Intend to argue It. I
only mean to prove what I am saying by
the only available proof which. In even
short time, has been given In the only
place where there haa been any experience
with It, Oklahoma, Facts show that wild
banking Is already showing Itself undei
the new order, as follows:
I'p to September 21, seventy-five banks
were organlxed. Twelve national banks
have left tho national system and have
greatly reduced their capital. Any bank
can be organized on a capital of $10,000.
One bank which had a capital of $10,0,000
under the national system reorganlxed for
110,000 under the state law, and not only
i retained, but Increased Its business. Seven
other bantra with aggregate capital of
$i00.0iO have reorganised for leas than one
half that sum, or $97,600. Deposits in banks
have greatly Increased over $3,000,000 from
February 29 to July 16 and - their loana
have increased, showing $1,54,000 over de-
. posits. This tells the old, old story of
wildcat banking revived in Oklahoma and
foreshadows the early coming of an ex
plosion that will smash things all over
that country', with the poor, frenzied de
positor chasing" the bankers with shotguns.
How and why? For the reaaon, among
others, that the Oklahoma fund la only
nooui ud,uw. iNew oanxs are oeing or
i sanJicd dally. Mr. Yates told the story
"". what haa already happened In Oklahoma
In his unanswered and unanswerable ar
gument In the recent debate with Mr.
Hitchcock. Mr. Tates said in that speech
that one case Is reported where a man
just released from the penitentiary, to
which he was sent as a public defaulter.
Is now organizing a bank and will have
it In operation soon.
The president of a national bank, who
was also a merchant, failed in business
and went through bankruptcy. Naturally
he had to sever his connections with that
bank. Ho haa organized a bank under
the state law and Is Its president.
In many small towns, where only one
bank and at farthest two could hope to
make a living, as many as four are 'in
operation. The bank commissioner was
made to realise the danger of the sltua
M tlon and some weeks ago he turned down
an application for a fourth bank In a town
of less than 1.000 population.
APES DO REASON, LIE SAYS
German Scientist's Studies at the Ber
lin Zoo.
THEY ARE NOT 0UB ANCESTORS
Iatelllaence of a Chimp usee In K.
caplna front a Caae Orana-l
LearBrUHtA Cycling?
f Ape.
An ape reared from babyhood ut the
Biological Institute In Amanl, German East
Africa, has accomplishments of a bicycle
rider. There was demand from Berlin for
so gifted a B)eclincn of the anthropoid ape
and he has now been added to the collec-
Hons In the Zoological Garden of that city.
JFs I Perhaps It is not very remarkable that
an Intelligent ape with Innate love for
featz of balancing and gymnastic stunts on
the branchea of trees, should learn to ride
a bicycle. Hia trainer reports that his
patience and time were not overtaxed In
leaching him to ride.
The ape was a little slow in grasping the
idea that by working the pedals he could
propel til machine but wlxen light dawned
upon him his education aa a wheelman
was almost complete. He Is not yet suf
"I TOLD YOU SO"
About Dangerous Hair Dyes!
Tn 1906 and 1907 I published In
the leading papers of this country
a large advertisement called
"Dangerous Hair Dies" in which
I hH Torth thodaiiB'rs and disad
vantages from the use of strong
two-bottle dyes and particularly
the lead and sulpnur preparations
with the thick sediment.
Now does it not seem significant
that as soon as the pure food laws
went Into effect, makers of various
preparations, which I warned you
against at an earlier da to, were
forced by the new laws to change
their labels and correct their un
reasonable claims, and in many
rases they have even changed their
formulas and no longer claim to
restore the color to gray and faded
hair.
1 have not changed my formula
of the truly wonderful colorific
preparation called Mary T. Gold
man's Gray Hair K' Bioier, because
It always was. and aiill is harmless
and good. It villi convey to t;iay
hi fa Jul hair the color tltHt It
originally was in a week or lu iUs
without making the hair appear
dd. It U cleanly, and the treat
The ac, however, was taken lo the
courts ami the decision was that If the
p.ipcrs of the proposed bank were regular
and in legal form the charter must be ap
proved. Of the forty-seven batiks, forty
two have capital of only flO.ortO each, the
minimum under the law.
Another case 'is where a saloon keeper
was driven out of business by prohibition.
He organized a bank and It la now In full
awing with $,"(io deposits, three times the
amount of his capital.
Another case la tti.it of a man who failed
In business for $31.CiO some years ago 1n
Kanssa. Shortly after he started again in
his wife's name In Oklahoma. He failed
again, and preferred his father-in-law for
tl.)00. His creditors never received a cent.
He than organized a national bank, but
the highest deposits he ever obtained were
$27.00(i, upon a capital of $25,on0.
On July 1 of the present year he started
a bank under the guaranty l.iw and here
is whut he advertises, taken from his own
circular:
"Open Just seventy-one business days;
deposits July 13, $45,457.50; deposits Sep
tember 23, $111,381.75; deposita guaranteed
by the guaranty fund of Oklahoma."
This party has now three banks In full
operation and has announced in the news
papers that he will soon have fifteen. His
cashier is at this time under Indictment
for embezzlement.
But this Is enough and more than enough
to make plain the utterly dangerous char
acter of wildcat banking In Oklahoma un
der the guaranty invention.
GEORGE L. MILLER.
Bank Goaraaty as Vote Catcher.
WESTON, Neb., Oct. 3a To the Editor
of The Bee: The democratic party haa
worked the bank guaranty plank to a
frazzle In order 'to catch votes..
The democratic platform reads: "Wo
favor a postal savings bank If the guai
anty bank cannot be secured," showing
their lack of confidence In guarantee banks
and that it is being used as a vote catcher.
The republican party favors a postal sav
inga bank and sound banking lawa. 4
The only state where there la a law
providing that the banks must creato a
bank guaranty fund is Oklahoma.
It Is in its experimental stage there.
The Oklahoma law provdels "that a levy
of 1 per cent shall be made on the average
annual deposits In tho banks there."
The state of Oklahoma does not guar
antee a single deposit; depositors must be
paid out of the accumulated guaranty
fund. If It Is Insufficient an additional
levy shall be made upon and against the
deposits of 1 per cent, and this may be
continued Indefinitely until all the funds
deposited In the other banks, and the
capital of the bank exhausted, to pay
the depositors of the insolvent bank; pro
vided all the other banks aro solvent and
don't follow suit and go broke.
The state treasurer of Oklahoma is afraid
of the guaranty law, for he requires a
bond In double the aum of the state funds
deposited In any bank there. If the guar
anty law is good for the depositors, why
not for the atate funds? No Individual de
positor gets a bond from the bank; be
must rely on the "guaranty fund."
The banking board considered It unsafe
to issue a fourth charter to a bank In a
town of 1,000 population (one bank for every
250 people.) The Incorporators of the new
bonk commenced suit in the supreme court.
and the court decided that the banking
board must Isaue a charter. They con
sidered that there were too many "mush
room banks" springing up.
The guaranty fund in Oklahoma amounts
to $130,000; the deposita in Oklahoma banks
are over $13,000,000. The guaranty fund
for depositors amounts to 1 cent on the
dollar. If you have $1,000 deposited In any
bank in Omaha and are alarmed, with
draw $10 and keep it in your pocket, and
you have the same guarantee which an
Oklahoma depositor has.
ficiently observant of obstacles In the road
but he is improving.
Jubt now the German public Is most
Interested, In the studies that Dr. Alex
ander Sokolovskl has been making of
three anthropoid apes at 8telingen, near
Berlin. His scientific specially is zoo
logical psychology and he has been ob
servlr g the life of two orang-utan, male
and female, called Jacob and Rosa, and an
unnamed chimpanzee. He has convinced
himself that these animals have not only
instinct but also elementary reasoning
powers.
Difference in. Tenipcrameuta.
The three animals are excellent frlenda,
but thero are marked temperamental dif
ferences between the chimpanzee and the
orang-utans. The former i full of life
an.l is doing romething every waking mo
ment. The latter are more quiet, sit re
posefully for long periods on the floor?
and when they attempt the swinging brfv
they are sktwei; and more cautious than the
chimpanzee, who is reckless. He likes
rough and tumble play with Jacob, but
'Rosa ia hia favorite. There seems to be
a perfect understanding between them
and she is his dutiful servant in many of
his original performances.
To facilitate Dr. Sokolovski's studies the
keepera gave a good deal of latitude to the
three animals. The chimpanzee especially
has hud his own way to an unusual ex
tent. He acts more naturally when he does
not know that he is under human observu-
ment Is as s1mpl s combing a
little water onto tho hair. As it
contains no lead or sulphur, there
is nothing to wash or rub off and
it does not make the hair greasy,
nor yet harsh, just leaves the hair
to appear as it was in a natural
state.
I believe we are sellng more' of
Mary T. Goldman's Gray Hair
Restorer than all similar prepara
tions put together, in spite of the
fact that we no not advertise much,
and advertise now only becnuso
we want the credit for exposing
the worthless preparations long
before the food and drug laws
proved that I was right without
. the question of a doubt.
On request we will send to those
interested a copy of our advertise
ment referred to above, called
"Dangerous Hair Dyes," which
gives information worth knowing
for those whose hair 1b gray or
faded.
Mary T. Goldman's Gray Hair
ReKtoier is $1.00 per bottle and
will be sent direct by express, pre
paid, ou receipt of price. Address
Goldman Bldg.. 81. Paul. Minn.
It is alao for sale aud highly rec
ommended by Sherman & McCon
nell Drug Co.. Kith and Dodge
Sts., and Owl Drug Co., 16th aud
Harney lit
Guaranty Plan
By reasi n of the wildcat banking wiiicli
has developed and wlili li wis ,s.ul,-iatcd
In Oklahoma, banks wl'li a ll'O.niO paid-up
rani I a I, and a large reserve fund on hand,
distributed their reserve fund and reduced
their capital stoik to $lVw, thereby limit
ing their liability as stockholders to the
minimum. In other words, you formerly
had your money in a bank with a $W0,i'0
capital end reserve fund as security; you
now have a bank with a flO.OOO capital and
no reserve fund. The reason of this Is
because conservative bankers who had to
come under the law made up their minds
'o only be liable fur the smallest possible
amount, for they are obliged to stand good
for every other fellow's banking ability
and deposits.
What does tho republican party offer?
Vnlted States postal savings banks. Let
us amend the state laws so that care bo
exercised In granting bank charters. Cap
ital must be paid In full. Upon failure of
a bank, assess tho loo cents on the dollar
provided for by our constitution against
the stock and file with the dork of the
district court a list of stockholders, which
shall operate as a lien on the property
of the stockholder the same as a Judg
ment. Require bank examiners to give
ample bonds, and any negligence or failure
to do their duty shall mske them and their
bondsmen liable for all damages sustained
by depositors. Wind up the affairs of the
bank the same as if a retail merchant or
manufacturer failed by selling the assets
at once and not wait five years before
bringing action against the stockholders
for their liability on stock.
Banking Is a business proposition like
anything else and the man who starts a
bank should be held liable on hia atock
the same as if he embarked in a commercial
business, and the bank's affairs should be
wound up at once as In a mercantile fail
ure. Some coniparlaon haa been made that
guaranteeing bank deposits is like Insur
ance. Not so. No Insurance company,
either fire, accident or sick benefit, would
embark 1n the wholesale business of Insur
ing frame, stone, brick and steel buildings
at the same rate of premiuril. A different
rate Is placed upon an Iron foundry or
cement factory than upon a dry goods
store, or a parrafine or oil works. But In
Oklahoma any one can become a banker
and get the benefit of the bank guaranty
fund.
A life or sick benefit insurance company
does not take in every person who makes
application. The risks are selected, and
those who fall to pass the medical exami
nation are rejected as dangerous. Okla
homa allows any one to open a bank (not
withstanding the banking board has re
fused charters, the supreme court said un
der the law they can come in and do busi
ness). Insurance business Is conducted on safe
and conservative lines. Of course. If there
is a general conflagration Mke the Chicago
fire, or San Francisco earthquake, many
Insurance companies will go broke, some
pay 50 cents on the. dollar and some in
full. And If there is a. general panic in
Oklahoma or a break In a chain of banks
having $1,000,00 of deposits fall, the I-cent
guaranty fund will not pay off but a very
small amount or per cent.
The people should think this over care
fully before being lead astray by the
oracles and magicians of democracy. We
think strict state lawa will overcome much
of the trouble In the minds of the people,
and that a postal aavlngs bank is the
proper thing to protect the depositors. Only
three democratic United States senators
voted for the postal savings bank bill In
troduced. How then, does the democratic
party expect to give the public the relief
Bet forth in their platform?
It Is like the 16 to 1, free trade, mllitary
Ism, Aguinuldo, the second George Wash
ington, the crime of 187S and other false
doctrines and predictions of the democratic
Party. p. E H
tlon, and for hours every day he has been
apparently by himself though watched
every moment.
Some of the most Interesting results of
Dr. Sokclovki's studies grew out of the
chimpanzee's desire to escape confinement.
He does not like it, though Ilia two friends
seem content with their lot.
They occupied a pott of a very largo
wire cage, more than half of which was
used aa the summer sleeping place of the
giraffes. The board partition dividing the
cage Ir.to two compartments was high,
though It did not extend to the roof. No
body dreamed that the chimpanzee could
surmount this wall, but be did, and it was
one of his three successful attempts to get
out of ills cage.
Break for Liberty.
In a corner of the c age against the wooden
partition was a largo box in which the
apea slept and so heavy that they could
not move it. One day the chimpanzee
Jumped up on this box and seemed to be
critically examining the partition. He
Jumied Into the nlr again and again with
arms stretched above his head, but lie
could not bring his fingers within three feet
of the top tf the wull.
His attention suddenly became rlvlted
upon a large tin globe which had beer,
given to the animals to play with. It was
made of thick plate and was so big and
heavy that It was not ensy to handle. It
was mude for rolling along the ground.
Now was the time for Hosa to help, and
she was summoned. Together they boosted
the globe upon the box and rolled it Into
the corner. Here It was kept by the faith
ful and Intelligent Rosa whllo her friend
clambered up over her back to the top
of the globe. Hoxa Hill kept the slobo in
plnco while the venturesome chimpanzee
Jumped again and tiKuin for t':e tup of that
partition. But he c-mld not reach It by
several Inches.
Then he had a conference Willi Kosa.
Just how he omniui lcated his Idea to her
Is not known, bill hhe understood Mm.
Tho liiiinunzce i"ok hi r i.rm and helped
her to clumber up 011 I lie globe, fhe
stretched herself face dottnwuul on til'
rounding surface. The ciiliiipi'iizee lnoimfd
011 her body and nuuk- another iirgiity
s.priijf into the lr.
It was a great su-jccms, for lie clutched
the top of tho pirtiiion and dropped down
among the giraffes in the other side. He
was not a bit concerned about l.'.-iving his
friends, but the unselfish Kosu had helped
him to desert without reaping uny ad
vantage herself.
The keepers escorted the ape back to
his own compartment and depilved the
three frlenda of the globe that haj given
them no much amusement. Taey were
very certain that the chimpanzee could
not surmount the partition again.
Another Kffort to I'.sraitr.
They didn't know the extnit of the ani
mal's resources. It was observed a few
days later that the ehlinpaiuee vus hav
ing more fun than ever on hU trapeze,
and it looked as though he were lontlioi
ally trying to swing himself agilitMt tile
roof. At last he gathered u.11 his en
ergies for the biKge."t hwIiic of all. and
when at the summit of his flight be
sprang off the bar and Just nia.iased to
catch the top of the partition.
- The next moment he was among the
giraffes again. That very day the parti
tion was extended to the roof and flight
In this direction was quite cut off.
Hia next attempt was to break the fa-
HOME
24TH AND L STREETS, SOUTH OMAHA
Sells Furniture 20 Below Omaha Prices
SPECIALS THIS WEEK
fi ;i A $5.00 Sanitary; Spring !;
Solid Oak Dresser, with mir
ror, for $6.75
With full size mirror, $7.50
$16.00 Dresser, like cut, $11
tenlng on the door of the cage. He ob
served with much apparent interest that
when the keeper entered the cage lie
handled a bunch of keys, one of which
he Inserted in a padlock. The keeper
sometimes gave him the keys because he
was so gravely curious to examine them
one by one, and often he would strain
up against the wire to look at the pad
lock outside, for the Idea seemed to dawn
upon him that it had something to do
with getting into or out of the cage.
One day Jacob managed to break the
wooden piece on the swinff and this put
an Implement Into the hands of - the
chimpanzee. The bit of tough hardwood
was about three feet long and it had
broken so that one end waa almost a
"point. Dr. Sokolovskl could scarcely be
lieve his eyes when he saw the ape thrust
the stick outside of the wire, push the
thin end up through the staple that held
the padlock and then pry with all his
might to force it out. Tho keeper was
notified, the performance terminated and
the chimpanzee was deprived of his new
Implement.
One of the peculiarities of this fellow
was his antipathy for everything human
excepting his keepers. Jacob and Rosa
would blandly extend their hands for a
cordial shake with the public while the
chimpanzee lurked behind for a good
chance to snatch off the headgear of the
visitors. Spectacles aroused his greatest
Ire and he had a way of swiping them off
the nose with a sort of backhand claw that
hurt and almost stunned the victim. ,
Dr. Sokolovlskl advises that a number
of young men trained in zoological or com
parative psychology be stationed In the
native homes of these animals to make a
thorough study of them. He dofs not think
that thp anthropoid ape was the direct an
cestor of tho human race, but he believes
man originated through some striking dif
ferentatlon from them.
At any rate In physical structure and in
mental process thi-y are the nearest ap
proach which the brute creation has made
to man. They are worthy of the most mi
nute study, and with the present methods
of Investigation Dr. Sokolovskl believes
it will be possible to reveal their whole
life history and to learn Just what they
are.
Klvlted II I hi In.
"Now, " Willie, you know I told you not
to go In awlmmlng, and yet you have been
In the water." '
"I know It, ma, but Satan tempted me."
"And why did you not tell Satan to get
behind you?"
"I did. and he kicked me In."
Vibrate Your
Back
The Great Nerve CYntert of the Hotly
arc in the Spinul Column.
Strengthens tha Hplna. Cures Bheiunatiain,
Stomach and Bowel Trouble.
Mechanical , vibration applied to the
proper nerve centers generates new life
and gives iiiHtaut relief to any pain or
acho due to congestion. Tho best vibra
tory machine' to use is the celebrated
1BSOLD TIBKATOm, which massagn by
mechanical mean. If you have poor cir
culation, get a vibrator today. You will
be surprised to note the marked Improve
ment you will Hi. lu in strength, health
and general vitality by using the Arnold
Vibrator on (lie spine, chest and body
each day. Books explaining the proper
use of vibration and purposes intended
are given to thoKe who call at M. ftlonhelt,
1111 Kai nam Kt ,
Sit Bee Bldg., Omaha, Besraska.
t'lark 1'iug Co. and German Doctors,
Council Bluffs, la., and Dr. W. J. Me.
Crann, South Omaha. -Neb., or will be sent
by mail to those who write. Address II.
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uiuaua, Nebraska,
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