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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 16, 1909)
The Omaha Daily Bee HEWS SECTION. Pages 1 to 8. THE OMAHA DEC Best & West VOL. XXXVIII NO. 184. OMAIIA, SATURDAY MORNING, JANUARY 16, 1909 SIXTEEN PAGES. SINGLE COPY TWO CENTS. CURTAIN THE OUTLAW Murderer of Policeman One of Moit Notorious Desperadoes. CAPTAIN SUNN KNEW imf OF OLD Makes Identification and Secures Ad mission from the Man. EEVEEEESE IS STILL IMPROVING Wounded Detective Gives Signs of I Recovering from Bullets. CURTAIN IS NOT SO WELL OFF Mnrderer Calralr Imokti Clgrarettes, Indifferent to Hit Fate Over 40O la Hud for Smith Family, Patrolman Smith Faad Charlsa Mats $150.00 Cash 100.00 Kartman Furniture and Carpet Co. 8S.1S Baa Famishing Company World Publishing- Company ...... . SLobert Cowall Cash .'. Charlee O. Storanaon Henry Bohtff and Employes Edward W. Barton Mr. and Mrs. W. L. Bursa Millard Langfeld, M. D Sr. Pierre O. Morlarty Baniusl aibson Hlok Dargaaewskl. . . . . , Andrew Xarsea. . . . ; 3o Mlk ". as.oo 85.00 83.00 85.00 85.00 11.00 10.00 10.03 5.00 6.00 1.00 1.00 .50 .60 Total $444.18 FBOoxEsa rer tbaqxby. The slayer of Polloeman Smith and aa allant of Detective Devereese has been ldantlf lad and admits himself to ba tho famons outlaw. Jack Curtain. Curtain profara death to oonaeqasnoesi calmly smokes cigarettes la his bad, though parltonltla threatens Mm. Devereese shows improvement and pront Isaa to recover, having much better ehanoa than his assailant. Hugh Jackson, says Chief Donahue. Is tha real name of the murderer of Patrol man I A. Broith and the assailant of De tective Devereese. Ha has bean positively identified by the police as Jpckson. alias Jack Curtain, and admits that his alias for Nebraska and this part of the country. ! Jack Curtain. He has a long- and desperate police record. "I don't know of a worse criminal," said tha chief. i Captain Dunn of the polio department Is the man who first Identified tha robber murderer as Curtain. Thursday night at the hospital Captain Dunn sat and watched Jackson, alias Curtain, alias Albrt Clark, as the latter lay on his bed ':' 'he moat nonchalant air. . The officer 1 nn old picture of tha wounded prisoner, taken In November, 1800. when" ha was- arrested In Bouth Omaha and , finally -sent to the county Jail for vagrancy after being- a, quitted for lack of evidence on tha charge of robbing a saloon. "I know youi" calmly announced Cap tain Dunn, affer a careful- study of "Clarke's" massive Jaw, broken nose, mur derous eye. wavey hair and tha jtattoo mark on his right arm. "You are Jack Curtain." The man looked startled, but did not speak. Betting his Jaw and slightly show ing his teeth, he kept silent, and Captain Dunn left the room. Although convinced that Clark was really Curtain, or Jackson, Captain Dunn did not have his opinion about the man's Identity adopted by the other officers until Friday morning, when another picture of Curtain was resurrected from the rogues' gallery at the police sta tion, i Admits Ha Is Cvrtala. The seeond photograph shows tha man without a moustache and Is mora easily recognised as being a picture of the man Clark at the hospital. With both pictures. Captain Dunn and Savage, tha Utter ohlef of detectives, who was hot on duty Thursday night when Captain Dunn made his Identification, went to tha hospital and confronted the prisoner. "Tea, I'm Jack Curtain," ha said, "but I didn't shoot the policeman. You don'J think that I would stoop to snatching lockets from women, do youT" "Why, you would do anything," said the officers. The murder of Policeman Meyers of St. Paul. Minn., In February, 1904, atage hold ups in Nebraska and Wyoming, safe blow ing in all parts of the country and many minor crimes and offenses are believed to have been committed by tha man now In custody for tho muider of Policeman Smith. Penitentiary and Jail terms without number have been served by him, and it Is thought there are many cities and towns where ha la wanted tor crimes or haa at leaat oper ated without being identified. In addition to this it Is thought ha may be the desperado, who killed Patrolman Wilson of Council Bluffs and injured Of ficer Rlcheson In a revolver battle that resulted when the policemen attempted to if move a beggar from the atreeta. Men from Council Bluffs saw tha priaoner and tried to determine whvther or not be waa tha man wanted at Council Bluffs, but did not succeed. Oalr Other Tim Hera. Tha only time Curtain ever waa arrested In Omaha befora the present occasion waa In 1900, when ha and a young man named llalrd were picked up In South Omaha by Officer Inda on suspicion of being- saloon robbers. At tha same time three or four other men were arrested In tha Bheeley district of Omaha. Tha whole gang waa tried for the robbery of Charley Duke's saloon, Eighteenth ., and Leavenworth streets, but escaped conviction for lack of evidence. They were then put in the county Jail ' for short terms on vagrancy complaints.' It was on this occasion that tha local police secured a picture of Cur tain. Curtain served five years la tha Nebraska penitentiary for holding- up a stage hear North Platte, terms la prison at Jefferson City. Ma, and Sioux Falls. S. D., and also In Wyoming for stage robbery. In various part of the country ha has been known as Hugh Jackson, John Haviln, Thomas Whit more and Jack Curtain. Whltmore la the alias he gave when arrested hers In 100. Borne of ble partners while operating la end around Omaha eight or ten years ago are said to have been named VV right, Haas. Parker and Leo. They were arrested by Omaha officers at tha time Curtain and Balrd were taken la South Omaha. For the killing of Officer Mayer in St. Paul the latter two men were arrested In CofiUauod (A fiaooA-Jae, SUMMARY OF TUE DEE Satarday, J ry 1, 1909. 909 JANUARY 1909 aun man tue wto Thu FRI I SAT 2 3 4 5 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 2526 2728 2930 TUB WSlTaXB. FOR OMAHA. COUNCIL BLUFFS AND vitiwni-Possible enow flurries Batur day; rislnir temperature. FOR NEBRASKA Saturday fair; rising temperature. FOR IOWA Snow flurries and warmer Baiuraay. Temperature at Omaha yesterday: J Hour. Deg. 6 a. m 14 6 a. m 14 7 a, m 14 8 a. m 14 9 a. m 15 10 a. m 16 11 a. m 17 12 m 18 1 p. m 19 i p. m..v 22 S p. m...'. 23 4 p. m 21 6 p. m 21 6 p. m 21 7 p. m 2 8 p. m U p. m 22 DOMESTIC Expert road builder promised to Con gresnman Hlnahaw to do work In the Fourth district. Page 1 Thornton . Halns, charged with aiding his brother. Captain Peter Halns, to kill w. E. Annls, is declared not guilty by Jury after ' twenty-two hours' consulta tion, page a J. B. F. RlnehaPt Is found guilty of wrecking Warrensburg, Pa., bank, and Is sentenced at once to fifteen years In the penitentiary. Page 3 The body of I. E. Lambert, who per ished In the Topeka hotel fire, has been positively Identified by his dentist. Page 1 Order of hat manufacturers removing labela from all hats is cause of a strike which Involves thousands of workers. Page 3 VXBBABKA. State auditor turns down claim of Gov ernor Sheldon and railway commission for time served since January 1. Page 8 Wilson of Polk Introduces bank guar anty bill In house, changing It slightly from original form. Page 1 X.OCAX. Euclid Martin, organiser of the Imple ment firm of Parlin, Orendorff A Mar tin, sells his Interests to his former part ners and will retire from business for tha present at least Pare 1 Albert Clark," murderer of Patrolman Smith, and assailant of Detective Dever- eese, la Identified aa Jack Curtain, and has a long list of crimes, covering many yean, recorded against him. . , Page 1 Seven new men are elected, to places on the executive committee of the Commer cial club of Omaha, more Intereat being manifest in the election than in such I elections for many years. " Fag's t A. L. Reed, president of the Byron Reed company, buys site at . Thirty-sixth and Dewey, where he will erect a residence for his mother. Page 7 Few changes will be made In the trafflo department ofv the Colorado & Southern railway because of the new Burlington ownership. According to railway officials. Page cowrxKOTAX An htdubtbiax.. Live Stock markets. Peg's 15 Oraln markets. Page 15 Stock and bonds. Page 18 MOTXMSVTS OF OOBAJT aTBAJESKXFa. Port. Arrived. Belled. .. Brandenburg. .. Lt Breugne. NEW YORK NEW YORK OKNOA.. Ceooplo... LIVERPOOL MANCHESTER. ANTWERP MARSEILLES. . , QUBBN8TOWN. COPENHAGEN. LONDON GIBRALTAR.... .BoeteuUs ,.. Mongol Ua. Iberian. Marquetta. .Ptniila .Veneris. -Beltlo. .United States.... Mlnneapolla Berbexoeea KERN WILL USE PLAIN TALK Defeated Senatorial Candidate Says He Will Make "Them" Jimp Borne. INDIANAPOLIS. Ind.. Jan. 16. "I shall have aom thing- to say tomorrow that will be plain and specific," said John W. Kern today. "When I make my statement I think It will make them Jump some." This was said with reference to the story to the effect that Kern believes he was beaten for the Unltod 8tates senatorshlp through an elaborate and carefully worked system of deceit and double-crossing on the part of certain persons and elements whom he had reason previously to count as his friends. It Is known that Kern haa this belief, and that he haa evidence which ho will make public to establish his charge. CRUSADE AGAINST MICROBES Railroad Cars aad Pablle Batldlngs at If ew Orleaas to Be Faml ajated. NEW ORLEANS, La., Jan. 15. That all aleeping cars and day coaches shall ba fumigated at least once a month and all p-iblic buildings every three months was one of a number of stringent regulations adopted by the State Board of Health last night. In line with a contemplated - crusado against tuberculosis It was determined thai no child or teacher suffering from tubercu losis In any form shall be allowed to at tend any publio school. TOPICS BEFORE RATE MAKERS Claeeldeatloa Committee at Mobile Dlsoaaaea Many aad Varied SebJecte. MOBILE, Ala., Jan. 15. -It was learned today that among tha topics discussed last night by the Weatern Freight Classification committee in session here were rates on machinery, roofing, granite, sand, sheet iron caaketa, classification of disinfectants, rates on Jelly glassware and tumblers, ad vocating tha placing of the weight of tha fourth class at a minimum of 24.000 pounds and the fifth claaa at 88.000 pounds and the rating on pig Iron, lead and tin and car load machinery. MINE HORROR IN HUNGARY Explosion Resalta la Vikiewi Lose f Lit la a Coal Fit. VESZPRIM. Hungary, Jan. 15. The ex. plosion of firedamp la the Auka coal mine here yesterday resulted In the death of flfty-sU men. Of $40 men entombed 184 war JjjXan out ailre. VETO FOR JAMES RIVER BILL President Objects to Building Dam Across Missouri Stream. CONTROL OF WATER POWER Exeeattve Thinks Coming; Oeaeratloaa Should Be Protected from Bt orbltaat Rates for Power aad Lights. ' WASHINGTON, Jan. lS.w-presldent Rooj velt sent a special message to the house vetoing the bill to permit the construction of a dam across the James river In Stone county, Missouri. Urging the need of adopting a course to protect the natural resources, the president declared the belief that the federal gov. err.ment haa ample power In granting a license to dam a navigable river to Impose such conditions as It saw it. Continuing, no said: Exhaustion or Reeoareea. "Relieving that the national government haa this power, I am convinced that Its power ought to be exercised. The people of the country are threatened by a mo nopoly far more powerful, because In far closer touch with their domestlo and In. dustrial life, than anything known to our experience. A single generation will see the exhaustion of our natural resources of oil. and gas and such a rise In the price or ooai as will make the price of elec trically transmitted water power a con trolling factor in transportation, In manu facturlng and In household lighting and heating. Our water power alone, if fully oeveloped and wisely used, is probably suf ficlont for our present transportation. In dustiiaL municipal and domestic needs. Most of it Is undeveloped and Is still In national or state control. , "To give away, without conditions, this, one of the greatest of our resources, would be an act of folly. If we are guilty of it. our children will be forced to pay an an nual return upon a capltallxatlon based upon tho highest prices which 'the traffic will bear.' They will find themselves face to face with powerful Interests intrenched behind the doctrines of 'vested rights' and strengthened by every defense which money can buy and tbe ingenuity of able corporation lawyers can devise. Long be fore that time they may and very prob ably will have become a consolidated in terest, controlled from the great finan cial centers, dictating the terms upon which the cftlin can oonduct his business or earn his livelihood, and not amenable to the wholesome check of local opinion. Monopolr of Water Power. "The total water power now In use by power plants In the United States is esti mated by the bureau of the census and the geological survey as 6.300.000 horse power. Information collected by the bureau of cor porations shows that thirteen lsrge con cerns of which the general electrio com pany and the Westlnghouse Electrio and Manufacturing company . are most Im portant, now hold water power Installations, and advantageous power sites aggregating abmit 1,048,000 horse powtr, where the con trol by these concerns la practically ad mitted. This Is a quantity eaual to over 19 per cent - of the total now in use. Furt ther evidence of a very strong nature as to additional intercorporate relations, furnished by the bureaus, leads me to the conclusion that this . total should be In creased to 24 per cent; and still other evi dence, though less conclusive, nevertheless affords reasonable grounds for enlarging this estimate by per cent additional. In other words, It is probable that these thir teen concerns directly or indlreotly control developed water power and advan tageous power sites equal, to more than 33 per cent of the total watet power now in use. This astonishing consolidation has taken place practically within the last five years. The movement Is still In Its Infancy, and unless It Is con trolled the history of the oil industry will be repeated in the hydro-eleotrio power in dustry, with results far more oppressive and disastrous for the people. It is true that the great bulk of our potential water power Is as yet undeveloped, but the sides which are now controlled by combinations are those which offer the greatest advan tages and therefore hold a strategic posi tion. This is certain to be strengthened by the increasing demand for power and the extension of long-distance electrical trans mission. "It is, in my opinion, relatively unim portant for us to know whether or not the promoters of this particular project are affiliated with any of these great corpora tions. If we make an unconditional grant to thla grantee our control over It ceases. He, or any purchaser from him, will be free to sell his rights to any one of them at pleasure. The time to attach conditions and prevent monopoly Is when a grant is made. j Shoald Have Definite Poller. "I repeat the words with which I con cluded my message vetoing- the Rainy river bill: "In place of the present haphazard policy of permanently alienating valuable public property we ahould substitute a definite policy along the following lines: "First There should ba a limited or care fully guarded grant in the nature of an option or opportunity afforded within rea sonable time for development of plans and for execution of the project. "8ecoud Such a grant or concession should be accompanied in the act making the grant by a provision expreaaly making It the duty of a designated official to annul the grant If the work Is not begun or plans are not carried out In accordance with the author ity granted. "Third It should also be the duty of some designated official to see to it that in ap proving the plans the maximum develop ment of the navigation and power Is as sured, or at least that In making the plans these may not be ao developed aa ultimately to Interfere with the better utilization of the water or complete development of the power. "Fourth There should be a license fee or charge which, though small or nominal at the outset, can In the future be adjusted so as to secure a control in the Interest of the public. "Fifth Provision should be mads for th. termlruLtlon of the grant or privilege at a definite time, leaving to future generations tha power or authority to renew i ex tend the concession in accordance with the conditions which may prevail at that time. "Further reflection suggests a sixth con dition, vis: "The license should be forfeited upon proof that the licensee has Joined In any conspiracy or unlawful combination In re straint of trade, as is provided for grants of coal lends In Alaska by tha act of May , 1908. "I will sign no bill granting a privilege of this character which does not contain the substance of these conditions. I con sider myself bound, as far as exercise of my executive power will allow, to do for the people. In prevention of monopoly of their resources, what I believe they would do for themselves If they were In a pod. tlon to act Accordingly I shall Insist upon the conditions mentioned above not only In acts which I sign, but also In passing upon plana for use of water power pre- CoaUausd ea lecosd PajeJ Miss New England Huh I "Genius t" He never lived in Concord! Why, there's even doubt of his hav ng been bora in Boston! From the Baltimore Sun, EXPERT TO WORK OS ROADS Agricultural Department Makes Promise to Hinshaw. MLDSHLPMAFS EYES INJURED MeCamber Bill for Natleaal Gradlaa- of Grain Is Favorably Reported to Senate by Aa;rlcnltnra4 Committee. (From a Staff Correspondent) WASHINGTON. Jan. 16.-(Special Tele gram.) Representative Hinshaw today made a request upon the Agricultural de partment that one of the expert road build ers of the department now operating- In Ne braska be assigned to the Fourth . congres sional district. Representative Hinshaw says good roada 'are needed in many por tions of his district and the people are anxious to co-operate with 'the government expert who will show them the best and mcst economical method of constructing durable highways. No special locality in the Fourth district waa specified for the experiment, that matter being left wholly witn me department. Secretary Wilson promised Mr. ijlnshaw the services of a government rood builder to assist and in struct in building a model road a mile long In his district as soon as possible. Midshipman's Eyes Troable. H. S. Stephenson of Lincoln is In Wash ington to visit his son . Walter, a fourth class midshipman of the . naval academy, who is now under treatment at the Episco pal Eye and Ear hospital In this city for an affection of the eyes. Midshipman Stephenson was appointed to ' the naval academy by Senator Burkett four years ago and la of this year's graduating' class. - Something- over a month ago Midshipman Stephenson's eyes became affected, the form of trouble developing Into granulated eyelids. The physician at the naval acad emy treated the young man's affliction and In using nitrate of sliver to reduce ' the swelling a drop or two of the' liquid pene trated the inner eye, threatening loss of sight Three weeks ago young ' Stephenson was brought to Washington and placed in care of specialists at the hospital, where be has had most expert treatment The father of Walter stated today that his boy's sight would be retained,' the sight of one eye having already been restored, while the other eye was yielding to treatment. Mr. Stephenson is greatly encoursged and hopes his son will be able to return to the naval academy and graduate with his class. "Secretary Newberry la after" the physi cian who treated young Stephenson and will make It exceedingly warm for him," said Senator Burkett tonight. Garleys Entertala. W. F. Gurley, who, with Mrs. Ourley, has been visiting Mrs. Gurley's tpa rents in Georgetown during the holidays, gave a luncheon to several of his old Omaha friends today, among the number present being Congressman Hitchcock, ex-Congressman Mercer, Paul Charlton, Ben T. White and E. C. Snyder. Mr. and Mrs. Ourley leave for Omaha Sunday. Mr. Hitchcock has received a telegram from John L. Webster aaking whether the Chinese or Japanese minister can be se cured for the McKlnley club banquet at Omaha. In view of the fact that the Chinese minister Is in mourning for tbe death of his sovereign and that the Japa nese ambassador has many speaklr.g dates ahead, Mr. Hitchcock gives no hope of securing either diplomat for McKlnley day. The senate bill granting the Northwest ern railway tha right to change Its right-of-way across tha Fort Niobrara military reservation passed tbe house today with an amendment reserving to the govern ment the right le alter, amend or . repeal It This amendment Is satisfactory to Mr. White, who haa been In Washington In the Interest of tbe Northwestern company, . iCoAUausd'oa fecoad Patfa Sine Qua Non o'' 0 h,v, f 4, FLOODS DO HEAVY DAMAGE Railroad Trafflo In Call fern la Hin dered and Many Lives Are ,' ... Endangered. SAN FRANCISCO. . Jan. .18. The floods resulting; from the heavy' and continuous rains of the last week, have done consid erable damage in the river valleys of the state, and have seriously crippled railroad coramunloation. All the bridges across the American river. Including that of the Southern Pacific, near Ltcrimento. part of which waa carried away last night, arc out of commission and cannot be repaired for several weeks. Two apans of the new bridge of the Western Paclflo have also been washed out, one man being drowned when they went down. No trains are run ning on the east side of the Sacramento valley, snd overland traffic practically is at a standstill. Part of the town of Biggs is covered wtlh water. -. The high water at Bakersfleld reached ltr (test during tbe night and Is subsiding Although portions of Vlsalla and Porter vtlle were flooded, there was no loss of life, and the property loss was not large.' ' Many families in' Portervllle were car ried from their homes In boats or on rafts Considerable damage was done In Reno by the flood of basements. Tha Santa Clara valley suffered prac tically no damage and the rain haa been of great benefit to fruit growers and farmers. . Heavy rains . have fallen In the Sierras, a precipitation of. 15.20 Inches having been recorded in the last four days. The melt ing of snow. In the mountains haa been one of the causes of the rise In the riven of the state, warm weather having pre vailed for several days. RENO, Nev., Jan.. 15. A long- distance telephone message from Sacramento says the Sruthern Paclflo railroad. bridges along the American river, have been .washed out by floods, .cutting .off .all overland routes aud that It will be two or three days before trains t con get through. -The only trains coming into Reno are those from the east. Roada north of Oregon and sooth of Vir ginia and Truckee are blocked ' by the washouts. The storm continues. BAKERSFIELD. Cal.. Jan. 15. The flood here reached its crest before midnight last night and is- subsiding. Although there waa much anxiety and excitement, the large force of men was able to hold the levee and prevent the flooding of the lower part of the city. LAW NOT F0R INDIVIDUALS Corporations Only Can Take Advan tas;e ef Sherman Antl-Trast Act, Says Co art. BOSTON, Mass., Jan. IB. The so-called Sherman anti-trust act was declared to be for the benefit of corporations In suits In equity and not of Individuals, In a ruling by Judge Brown In the United States cir cuit court today, sustaining a demurrer of the defendant in suits by Oakes Ames and Francis W. Breed, against tbe Amer ican Telephone and Telegraph company. The plaintiffs sought to recover damages for depreciation In stock of Independent telephone companies which they held, as a result of the purchase of those com panies by the American company In vio lation. It waa alleged, of the Sherman act WHARTON WILLJS ADMITTED Disposes ef Estate Valaed at 28,000, OOO, Giving; Balk of It t a Widow. PHILADELPHIA. Jan. 15. The will of Joseph Wharton, the Iron master, was ad mitted to probate today. It disposes of an estate estimated at 25,000,000. Mr. Wharton leaves practically hla entire fortune to his widow, three daughters and his grandchil dren. To 8warthmore college la given 1100, 000 for the completion of a dormitory build ing already endowed by Mr. Wharton. Among the minor bequests Is $1,000, which 1" to ba diveded among .the. Wharton, bouse, noli aervaatev, MARTIN RETIRES FOR REST Organizer of House of Parlin, Oren dorff & Martin Sells Out. IMPLEMENT HOUSE HAS GROWN Eaelld Mae-tin, Incorporated Twenty Eight Years Age, aad Noir Leaves Buslaees with Former Partners. Euclid Martin has sold his Interest in the Parlin, Orendorff tk Martin company, and after forty years of continuous servloe in the Implement business will retire from active business and for a year at least will take a complete vacation, leaving in thirty days to spend the remainder of the winter with his family In California. . The deal was concluded Friday afternoon between Mr. Martin and U. G. Orendorff, seoretary and treasurer of the Parlin eV Orendorff company of Canton, 111., who own and operate one of the largest and old est plow factories In tho world, with a branch and distributing house at every principal business center in the United States and foreign countries. Mr. Martin sells his entire holdings to William H. Par lin and U. G. Orendorff. . The Parlin, Orondorff Sc Martin company was organised and incorporated in Omaha In 1880 by Mr. Martin, and maintains in Omaha one of the largest Implement con cerns in the United States. Mr. Martin has been connected with and managed the business of the company ever since its organisation and during all the years the relations between himself and his business assoolates have been, and still remain, most agreeable. George M. Durkee of Minneapolis, who is well known In Omaha, will arrive In Omaha Saturday to assume active management of the Omaha house. Mr. Martin says that the physicians have ordered him to keep away from work and worry completely for a year and that he Intends to follow out their advice. During bis connection with the company he has tended to much of the detail work and thinks he has earned a rest. When Mr. Martin organised the company thirty years ago there was but one employe, and now over fifty are on the payroll the year around. Mr. Orendorff has been making a round of the housas of his firm and says that ha look for an enormous Increase in busi ness during the coming year. "The automobile business Is getting big," said Mr. Orendorff. "The manager of our Kansas City house resigned December 1 to go Into the automobile business and he told me yesterday that since then he has sold over 700 machines; quits a record for forty-five days." WILL OPPOSE SALARY BOOST Senator Borah Asks that Allowance ' Bill for Preeldeat Be Laid Over. WASHINGTON, Jan. B.-That the senate amendments to the legislative, executive and Judicial appropriation bill increasing the salary of ths president to 1100,000, of the vice president and speaker of ths house of representatives to $20,000 sach, with an allowance for a oarrlage of $5,000 each for the vice prea(d(M and speaker, are not to be approved without some opposition waa shown In the senate today when Sen ator Borah of Idaho first made a point of order against them as new legislation, and then asked, that they be allowed to lie over until the other amendments are disposed of, in order that they may be discussed later. Mr. Clay of Georgia also aaked that all proposed Increases of salaries of Judges aggrsgatln $328,609; ba dealt with In the same manner and they would ba discussed after other portions of the bill Jav thfa disposed 0t ' BANK BILL IN HOUSE Wilson of Polk Introduces Measure for Guaranty of Deposits. YEAR - TO PAY' CLAIMS IN FULL Twenty-Five Per Cent Given Depos itors in Sixty lays. FEATURES BESIDES GUARANTY Bill Regulates Practically Entire, Business of Bank. NO OVERDRAFTS BY OFFICERS Bank Commissioner to Have Aathor Ity to Fix the Rate of Interest Which Banks May Pay ' for Deposits, (From a Staff Correspondent) LINCOLN, Jan. 15 (Special.) Victor Wil son's banking bill for a guaranty fund to pay losses complete In one year after fail ure was Introduced In the house today. The measure represents the Ideas of a number of the more conservative men among the majority in the legislature and la In the main a duplication of the bill Mr. Wilson suggested when, before the loglslature met, a conference waa held for the purple of arriving at some agree ment on tho guaranty question. Mr. Wil son, who Is a member of the house from Polk county. Is one of the banking com mittee and chairman of the Judiciary com mittee, having defeated Representative Shoemaker of Douglas for the latter honor after a hard fight. The bill provides In brief for a guaranty fund that shall equal eventually S per cent of the average dally deposits of th banks of the state. The money shall bj raised by semi-annual assessment of one- fourth of 1 per cent for eighteen month i and then with assessments of one-t went let 'i until the sum designated shall have bet n raised. The fund shall be rndeposlted by the superintendent of banking In tlio banks making the payment and they stall give securities to provide for the eafe'.y of the fund. A dividend of 25 per r.t Is paid to holders of receivers' certificates In failed banks within sixty days of t'.io failure, the difference between the undent of the assets and the dividend being mn 1 up out of the guaranty fund. The balance of the bank's Indebtedness Is provided frim the guaranty fund and assets within on) year of the date of failure. The governor la made chief sunerln tende.it of banks and he is' given pe-ver to appoint a deputy superintendent at t'.fO) a year, and also he la given power to appoint a banking commission of t'iro members at $10 a day and expenses when employed. The bill contains a number of amend ments of the general banking law benldet the specif lo provisions relative to banlc guaranty. ' ' Conditions tmpoaed an Banks. - It regulates the business Of banking, de claring it to be a quasi-public business and subject to the control of the state. In de fining the term "bank," Mr. Wilson haa provided for a commercial savings bank. which shall In addition to the exercise of other powers follow the practice of repay ing deposits and making loans both as a commercial bank and aa a savings bank It la provided the name of such a bank shall not contain the words "guaranty" oi Insurance" or "fund." The entire capital stock of a state bank shall be subscribed and at least 50 per cent paid In before it shall be authorised to begin business, but before beginning busi ness the paid-in capital stock shall be not less than $15,000 In villages having lees than too Inhabitants; not less than $25,000 for places of less than 1,000; $36,000 up to 2,0"o population; $40,000 up to $.000; $50,000 up to 6.000; $60,000 up to 10,000; $75,000 up to 50,000; $100,000 In places of over 60.0X) pop ulation. National state or municipal bond shall not constitute In the aggregate nrre than one-half of the paid-up capital stock and the bank building and lota on which the same Is rltuated shall not eonstltutt more than one-third of the, paid-in stock and In no case shall the furniture end fix tures constitute more than 10 per ocnt. Each bank before beginning business shall pay Into the depositors' guaranty fund an amount equal to 1 per cent of Its paid-in capital stock subject to redeposlt by the superintendent of banks. Aaseasment against the capital stock of banks by th superintendent shall constitute a credit fund subject to adjustment on the basis of Its deposits at the end of the senV-annuM period in which such bank commences business. Such 1 per cent payment shall not be required of now banks formed by the reorganisation or consolidation of banks that have previously compiled with the provisions of the act. Eaoh bank shall deposit a bond equal to one-third of Its paid In capital stock In favor of the bank for tbe faithful perform ance of Its officers. Charter May Be Withheld. Before any bank begins business the su perintendent must make an examination into the affairs of the Institution and ha may withhold a charter whenever he has reason to believe the stockholders of the bank are not persons generally recognized as persons of financial Integrity and re sponsibility. A fee of $26 Is required fur the Issuance of a charter certificate. - On the failure of any stockholder to pay the installments on his stock when it Is re quired the directors may take It up and sell It. Banks must keep posted In a publio plaoe In the bank complete lists of stock holders, their residences and tbe amount of stock held by them. A penalty of a flna of from $50 to $200 is imposed for Culture to comply. Every director must be the owner of at least $1,000 of paid up capital stoe'x, unin cumbered, and two-thirds of the directors must be residents of the county In witfih the bank Is located. Each director must, under penalty of per jury, aubscriUe to an oath that he will per form hla duties under the law and that he is the owner In good faith of the slock in this name. -Officers of the bank must give a bond to the superintendent of banks to the amount of 26 per cent of the average legal reserve. Explicit provisions are made against overdrafts. Officers and employes are made personally reaponslble under lWvy penalties sgalnst overdrafts. The superintendent of banks Is glyn ttu thorlty to limit the rsle of Interest Lans may pay on depoaits, the rates to be uni form within any one congressional district, but different ratea are allowed to be fixed ror commercial oepoaiia ana for depos ti due on time and demand and for savin :i (Continued oa rut Pag-)
