Nebraska Newspapers

    The Omaha Daily Bee
Our Mzgazlns Features
Wit, hnmor. fiction and oomlo
picture th bt of entertain
ment, instruction, amnaement.
FORECAST OF THE WEATHER.
Generally Fair
VOL. XLI NO. 81.
OMAHA, WEDNESDAY MORNTXfl, SEPTEMBER 'JO, mil TWELVE PAGES.
SINGLE COPY TWO CENTS.
PRESIDENT TUIES
BIG CANAL LOCK
Taft, on Board Tup;, Drop Nineteen
Feet Through Big Lift at
Sault 6te. Marie.
PROMINENT FIGURE AT THE
BANKERS' CONVENTION.
OUT AFTEJi i)M
OF THFTRUSTS
In New York Suit is Brought U
Dissolve the Kindling Wood
Trust.
"A Hot Wave Coming" And Good Reason
HANKERS FAVOR
ALDRICH'S PLAN
State Association Passes Resolution
Favoring the Currency
Scheme.
INTERESTED IN WAT EE POWER
RESTRAINING ORDER IS ASKED
M'GTVERN IS 1L?DL PRESIDENT
Promisei to Give His Personal Atten
tion to Situation.
Defendants Are Manufacturers fie-
New Officers Are Elected for the
Executive Committee.
a i n ac , . .
, , , i irvrr rnm .nun-- ..
sr.
SPEAKS IN FRONT OF ARMORY
Cheered Vociferously When He
Heads Automobile Procession.
REVIEWS TROOPS AT THE FORT
Executive Is Entertained at Home
of Gorernor Osnora and Attend
Luncheon Where foTerr for
five Haadred Are Laid.
BAUI,T BTE. MARIE. Mich., Sept. 19.
Presldet Taft turned from polities today
and spent an enjoyable afternoon tn Bault
Btte Marie. He spoke from In front of
the local armory, but confined himself to
local topic. He promised the people of
the "Luck City" that he would give his
attention to the water power situation
her and would see that the lone dis
puted subject was settled. Many of the
Industries of the city have been retarded
by the restriction upon the use of
water.
Mr. Taft took a special Interest tn the
treat locks In the canal. Thoroughly con
versant with the work on the treat
water lifts at Oatun and Fedro Miguel on
the Panama canal, the president waa
anxious to see some bit locks In actual
operation.
Faase Tbronayta Bis Lock.
On board a tut he was droooed nineteen
feet through the biggest of the three
locks, and saw a number of ships lifted
from the lower level of Lakes Huron and
Michigan to the surface waters of Lake
Superior.
Boon after his arrival at noon the presi
dent headed a procession of some fifty
automobiles through the streets of the
city and was cheered vigorously. He wa
entertained at the home of Governor
Oeborn. who met him at the train and at
tended a luncheon of citizens, where
covers for 600 were laid.
The president snent the late afternoon
at Fort Brady, reviewed the United State
troops there and h:id tea with Major and
Mrs. Sidney T. C. Cioman. He lea shortly
before ( o'clock for Marquette, where he
win sperm me mant.
President la Good Humor,
MACKINAW CITY, Mloh., Bept
For the first time a president of the
United Btates passed through here today
nroute to northern Mlcigan, when the
special train carrying President Taft and
his party were taken aboard the ferry
to cross the Straits of Mackinaw.
In spite of the hard day yesterday In
the southern part of the state, the presl.
dent looked fresh and was evidently In
good humor. His train stopped la
Mackinaw City only a few minutes.
Senator Townsend of Michigan accom
panied the president north . from De
troit. Senator , Smith did not com on
account of the Illness of bis father, but
will greet the prts.aent Thursday at
Grand Raplda.
BOO JCNC'IIO. Mich., Sept. The
president today accented an invitation to
mAArmmn the Yoi:n7 Me.i'a Christian ansa
elation etudenu cl ths University of
Kantias at Latvre.ic:'.
President Taft ecu the following tele
gram to Mrs. Eumunil 11. Madison, wile
of Congressman Mauison, who died yes
terday: "I was deeply pa.ncd to learn at Detroit
of the shocking drain of Judge Madison.
Allow me to express to you m sympathy
In your gieat loss."
Decomposed Body
i otmd in a drove
MITCHELL, b. V., Sept. 19 (special
Telegram The body ul a man was
found in a ems 1 giovo t-even miles eat
of Woonsocket wiih tr.e back of the head
gone. A lrtier in a orkec was adtiressed
to Ous Kraft, wiiiitn by his mother, llv
ing at Creche;-. 43. D , July 2
A we!c ago pat-tits saw two men drive
to the grove ju;t at dusk and the pre
sumption Is thut Kraft was killed at that
time. The body U badly decompoted.
The Weather,
i
, Fo- Nebraska Cloudy, warmer.
TO' Iowa Fair, not much chance In
temperature
To .tv: .-i-;.- n Omaha' Yesterday.
Hours.
Deg.
M
M
48
1. .. ..orrl Krciiril,
Official rec'Tl or temperature- and pre
clpltail.in compared with the co;repond
lng period oi t!ie past three jeais
I'll. l;lu. jos. i1
Tlghest tolay ;j
Lowest t:d it M w
Mean ten peiatuie t.- ;a ;s
Ireiipltaiiou '0 .-) i .0
Temperature and rrclpltattou depar
tures from the normal:
Normal temperature ... n
Deficiency fur the 1av s
Total execs since March 1
Normal precipitation
Leficien.-v for the lav
. ... 7S3
Inch
.07 inch
9 43 Inche
Total ramfell tinr March 1
onth-7 ...K pie. Ipifati.. ETA Mt n..
I ti, i.iii. i- in.-A M....I. 1 I 1 I 1 ..1
Deficiency fur curi per l"IU. . . I3.ST inchc
Lieficiem y for cor per. Inches
Report f-.oni fiationg at 7 p. m.
Keport from Mailons at T P. SI.
' Station anu Temp High- fall.
rUate vt Weather 7 n m Run,.
I neyenn. part ciou.jy
Davenport, clear
Denver, cloudy . . ....
( "ivdiaT" Y)
I flMMto. 1 j a. m.
I if IT ntt- I a. m.
V I i a m.
a m.
a m.
O'Aia "" m-
,U-.jCL 1 m.
Of . if. 1 "
-J-5.S i P. m.
P m.
M U S:
JP ' P m.
f. S i P r.v
-) hi 0
M 70 .00
i 74 T
70 00
74 .00
79 .On
71 73 (O
4 hi OS
s ri .o
s i oi
U )
4 70 .Co
i 71 .00
Lander
North Platte, cloudy
Omaha, i loudy
Pueblo cloud v
Rapid City, part cloudy..,
ra4t Lake
franta F'e. rain
Sheridan, part cloudy.....
ouv i' . part t loudy
.aientliie, clear
rfi'- y
WILLIS M' BRIDE.
Elgin, Neb.
End of Campaign
in Canada is
Now in Sight
BT. JOHN, N. B., Sept. 19. Final ral
lies In the various constituencies this
week close the parliamentary campaign
In this section, where the liberals are
fighting to hold the eleven seats which
they occupied In the lust House of Com
mons and to capture from the opposition
the other two St. John City and York
county which make up the thirteen seats
this province Is entitled to. They are
predicting that they will comeout of the
contest with twelve representatives, but
admit doubt about adding Tork county,
where at the last election O. 8. Crocket,
conservative, defeated his liberal op
ponent by more than 800 votes. The
government workers are hopefuj that
William Pugsley. minister of public
works, who Is running In St. John City
and whose return is expected with con
fidence, will carry with him James
Lowell, Taylor county member, defeating
Dr. J. Daniel, conservative, "who was the
St. John City member In the last house,
but Is this time running In the county.
On the other hand the conservatives
say they will gain several seats In the
province and will re-elect Crocket and
Daniel and perhaps defeat Pugsley him
self. The campaign for the last seven weeks
has been practically all reciprocity for
or against, the agreement having been
present In all possible aspects.
The worst marked feature of the whole
campaign, however, has been the 'waving
of the old flag." This has been the con
servative appeal in great part-that
reciprocity waa but a atep toward an
nexation with the British empire. Dis
loyalty ha been proclaimed from thai
platform and preached -from the press
in the appeal to the votera to defeat the
reciprocity agreement.
The llberalii have met this by quoting
leaders from the days of fc'lr John A.
McDonald down as eager for reciprocity
with the United States. They also have
contended that between Henry Bourassa,
leader of the French nationalist party in
Quebec, and the conservative leaders
there is a practical alliance. The nation
alists' fight la chiefly made against
Laurter's policy of a Canadian navy to
be at the diupoxal of Brltian In case o
any empire war.
The liberals have sought to break the
eoiisprvatrve loyalty attack by stating
that King George Is moxt anxious for the
peace arbitration treaty with the United
States.
The polls nill open at 9 a. m. and close
at & p.- hi. and two hours afterward then
should be a fair, indication of the result
in the eastern provinces.
Lutherans Favor
. an Arbitration
LANCASTER, Pa.. Sept. 19. The elec
tion to boards of the general council of
I the Evangelical Lutheran church In
North America took place, today. Rev.
E. T. Horn of Philadelphia was elected
delegate to the German svnod of Iowa.
A report it presented by the com
mittee appointed to meet with a similar
committee of the general synod to arbl
tiate certain matters In dispute.
The object of the meeting of the com
niitteef was to reach an Interpretation of
ylerma lit the compact made bv the gen
eral council and peneral synod In lsrs
and 1S?T and to arbitrate any iTfringe
nienta of the compact by the board of
home missions of the Meneral ntiod. The
arbitration commission adopted resolu
tions providing that In any territoy con
jointly occupied by the two general
j bodies, wherever one body of the Luth-
eran church Is in occupation of ihe
,field and able to care for the material
.therein, the other or others shall respect
,uch occupancy and abstain from any
, attempt to plant an additional congre
i nation.
Toledo was selected at the place of
. meeting two years hence.
; No Shaker Fund
For Sister Sears
CANTERBURY. N. H. Sept. 19.-R-ports
that the Shakers of the country In-
tend to rais-e a large fund fui the defense
, of Ellxabeth Pears and E. B. Gillespie.
members of the Shaker colony at Kis
I slmine. Kla., who are aMeged to have ad
I nuiiistrred chloroform to t-'adie Marchant
when i-lie was In the lat stage of tub
erculonlti. were denied today by Elder
Arthur Bruce of the Canterbury Shaker
colony. He said-
"It teems to me that Brother Egbert
Gillespie and Ulster Elizabeth Hear
acted, to say the least, most unwiaely.
Nothing Is desired by Shakers for them,
other than justice before the law. Shak
era will nor furnish funds for any pos
sible defense."
Archbishop to
Fightthe Fight
LONDON. 6ept. IS Tha archbiahop of i
Canterbury has Interested himself in ths
campaign to pi event tha scheduled Johnson-Well
fight and baa written the home
office urging that action to suppress the
contest La taken, ' -
DEAL TN BUNDLING KV.NG
Independent Dealers Induced tc
Abandon the Business.
COMPANY HAS LARGE CAPITA!
Petition tn the Action Rrnnabt ti?
Government la Mgnert by At
tamer General Wlcker
shftm. NEV YORK. .Sept. 19. The petition on
the government s dissolution suit against
the Standard W ood company and others
comprising the so-called "kindling wood
trust." under the Sherman law, which
has been In preparation for some time,
was filed this afternoon In the United
States circuit court.
The petition Is etgned by Attorney Gen
eral Wlckersham. as well as by United
State District Attorney Wise.
The charges are that the defendants
fixed uniform prices for bundle kindling
wood and asks that they be restrained
from doing business until they shall have
withdrawn from their alleged illegal
contract.
The defendants axe the Standard Wood
company of New Jersey, Shrader Wood
company of Laquln, Pa.; Conway Wood
Company of Maine, with a factory at
Conway, N. T. ; Long Island Wood com
pany of Brooklyn, with factories at Wa
toga, W. V.; Keystone Wood company of
Pennsylvania, with factories at Williams
port. Pa., and Hamilton, W. Va.; Penn
sylvania Wood company, with factories
at Galeton. Pa.; Ureena Manufacturing
company of New York, and Lillian P.
Page of Passadumkeag, Me.
The petition charges thut the (standard
Wood company has wrongfully Induced
a large number of independent dealers
In bundle kindling wood in the various
New England and middle Atlantic state
to abandon purchasing wood from 1U
competitors and to accept employment as
its agents.
The Standard Wood company, the pe
tition states, has a capital of $1,600,000.
Declares Martial
Law After Spanish
Rioters Kill Several
MADRID, 8plrt, Sept. 19. King Al
fonso today signed .a decree., suspending
the constitutional guarantee throughout
Spain. ' This Is equivalent to declaring the
country under martial law.
This act, which had been under consid
eration for some days, was taken to give
the government powers to deal sharply
and promptly with the revolutionary
agitation now fermenting In many parts
of Spain, especially In the cttles and In
dustrial districts where republican and
revolutionary plans are being furthered
under cover of workingmen's strikes.
Well known republican parliamentary
leaders ttand aside" from the present
movement, which is socialistic In char
acter. '
The general union of labor today de
elded to call a general strike, throughout
Spain on a date to be fixed later.
LONDON. Sept. 19. The overthrow of
the Spanish monarchy was Insured against
at Lloyds this afternoon when the high
rate of twenty-five guineas (approxi
mately JIM) per cent waa paid for the
policies.
Court Influence
Seeking Control
6T. PETERSBURG. Sept. 1. The
court Influences are mobilizing to control
the government that shall succeed that
of the late Premier btolypin. The Im
pression prevails that the tenure of office
of M. Kokovsoff, the acting premier, will
oe temporary.
The nationalists fear they would be ce;
aside il KokuNtoff remained at the head
of the ministry. Several mlnittera ar
also out of harmony with the acting pre
mier and accordingly there are number
less candidates fur cabinet posts which
are likely to be vacated.
M. Kokovsoff Is generally respected as
enlightened on foreign and financial mat
ters and a straightforward conservative
tn home politics. The pbratc, "it 1 time
to w Ind up the nationalistic animation
and inaugurate conciliation," is attrib
uted to him.. There is much speculation
aa to whether a more liberal or a more
radical policy will be adopted. The
Nosoe Vremya today says:
'Ths newapaper In the history of Rus
sia commences with the death of btoly
pin. Socialism and Judastsm must be
taken with an Iron grip."
Mass for Repose
of Stolypin's Soul
KIEV, Sept. 19. A mass for the repose
of the soul of the late Russian premier.
M. Stolypin. was- celebrated today at the
Kiev hospital, where the statesman died
from Injuries Inflicted by Pml Bogroff.
Emperor Nicholas participated In the
ceremonies and at its conclusion person
ally condoled with Mr. Stolypin's widow.
His majesty left today for Sebastopol,
where the Imperial party will take up
for three months their residence in the
newly built palace at Yalta. In the
Crfrnea. Thousands of persons, cheering
enthusiastically and singing repeatedly
the national anthem accompanied the
emperor through the streets.
Spanish Troops
Fire Into Crowd
BILBAO. Spain, Sept. IS. Troops this
afternoon fired on a crowd that was en
deavoring to free prisoners, Including
strike leaders, who were being taken
through the streets. Twenty. six persons
war wounded The situation Is grave.
Horn the Minneapolis Journal.
SHOE MACHINERY MEN JiEXT
Indictments Returned Against All
Officers of the Company.
HEAVY PENALTY IF CONVICTED
Conspiracy In Restraint of Trade
Under the Sbermafi Antl-Trnat
Law la the Chars by
Official.
. .v
BOSTON. Mass.. Sept. 19. Two Indict
ments were returned today by the federal
grand Jury against five officials and a
large stockholder of the United Shoe
Machinery company. The Indictments
allege conspiracy In restraint of trade
Under the Sherman act. The officials
Indicted are:
Sidney W. Wlnslow of Orleans, presi
dent: Edward P. Hurd of Newton, vice
president, assistant treasurer, director
and member of tha executive committee;
George W. Brown of Newton, vice presi
dent, member of the executive committee
and Director William Barbour of New
York, vice president, member of the ex
ecutive committee and director; Klmer
P. Houwe of Boston, counsel member of
the executive committee and director
and James J. Storrow, the largest stock
holder and- formerly a member of the
executive committee and director.
' Mr. Storrow re&igned from the board on
December 9. llKW, a month previous to
the muiicipal election in which he was a
candidate for mayor.
The penalty provided under the statutes
is a fine of K.OQu or imprisonment for one
year or both.
The United S-.oe Machinery company
has branches in various parts of the
world.
Grain Elevating
Case is on Docket
WASHINGTON. Sept. 19 Many Intri
cate questions of interstate and intra
state commerce promise to perplex the
supreme court of the United States during
the approaching session. More than
twenty cases Involving such problems
have been advanced for hearing as soon
after the opening of the term as possible.."
The first of these involves the so-called
"grain elevator cases." A long search of
these cases Is expected to bring forth a
decision from the supreme court on the
much disputed question as to whether
tha Interstate Commerce commission
possesses the power to prohibit rail
roads from paying to operators of eleva
tors all compensation for "elevating
grain In transit." The commission !
ued order embracing such a prohibi
tion. Missouri river cities are principally
affected by the orders .and the boarda
of trade from these points have Joined
with the railroads terminating there to
test the alidity of the commlsflon's ac
tion. Another tf-sue that will be fought out
early In the term is whether the stock
yards In the big cities are common car
rier within the meaning of the Interstate
commerce laws. The question arose In a
suit by the government to collect penalty
prescribed In the twenty-eight hour law,
regulating the care of live stock during
interstate transportation.
COMING
The Only
MUTT
and
liVn irrr?
in The Bee
i is an
Convict Kimmel to
Throw Light on Big
Omaha Bond Theft
ALBURN. N. Y.. Sept. 19-That It
would throw new light on the disappear
ance In 1895 of IIOO.OW) worth of bonds of
the Pacific Express company In Omaha
was the statement of Qeeorge Kimmel, a
convict, who was released from Auburr
prison today. He refused to mak any
.further statement.- .
The New York Life Insurance company
Is said to have spent $10,000 to locate Kim
mel, who claims to be George A. Kimmel
of Nile. Mich., formerly of Omaha. The
insurance company maintains that the
man Is G. A. Kimmel and has refused to
pay S25.000 life insurance to Edna Klmmol
Bonslett, sister of Kimmel and benefi
ciary of the policies.
Mrs. Bonslett and her mother. Steila
Ktmme, have denounced the convict as
an Impostor. He left ror Niles, Mich.,
today to establish his Identity.
ARKANSAS CITY, Kan.. Kept. IS -Much
interest was manifested here today
over the expected visit to this city of tho
man who was released from the Auburn
prison In New York and who says he Is
George A. Kimmel, the missing bann
cashier who mysteriously, disappeared
from this city fifteen years ago. It is
said that after a visit to Niles. Mich., he
will come here.
Sentiment here is divided on the ques
tion as to whether the man released from
prison today is George A. Kimmel. When
Kimmel disappeared he was cashier of
the Farmera State bank here. He left
here on a business trip to Topeka. He
was traced to Kansas City, where he
dropped completely out of sight.
George A. Kimmel was for many years
connected with the Pacific Express com
pany's headquarters office In Omaha, and
In 1895, when he disappeared, was head
of the money order department. At that
time, an auditor began an investigation
of Kimmel accounts and Kimmel sud
denly left the city.
The disappearance or Kimmel caused
an investigation which revealed the ab
sence from the vaults f 1100.000 of Pa
cific Express company's bonds. The com
pany searched several years for Kimmel
without result. No report of his ae-
r unta In the money order department
waa made public by Auditor Sid well, but
an official of the Pacific company, now
merged with Wells-Fargo & Co., tonight
said that a considerable shortage was
discovered.
Kimmel still has relatives living In
Omaha, but none of them could be reen
last night.
To Attend the
Madison Funeral
WASHINGTON. Sept. 19 -The congres
sional committee to attend the funeral
of Representative Madison at Dodge
City, Kan., was completed today. Speaker
Clark named the following to represent
the house:
Anthony, Campbell, Jackson. Reet.
Young and Murdock of Kansan Alex
ander. Boeher. Hamlin. Bchackleford,
Russell. Ruhey, Rucker. Lloyd. Borland,
dickinson. Hensley and Daugherty of
Missouri; Norrls. Kinkead and Sloan of
Nebraska; Lenroot of Wisconsin; J. M.
C. Smith of Michigan, and McGuIre of
Oklahoma.
Senators Curtis and Brlatow of Kansas;
Clark of Arkansas. Stone of Missouri.
Dixon of Montana. Crawford of South
Dakota and Kern of Indiana were named
la-st night as the senate committee.
Aviator Drops
Into the Creek
HARR1BBURG. Pa.. Sept 19-Paul
Peck, the young Washington aviator fell
eighty feet Into a creek, while making an
exhibition Tight near this city today.
Peck was on what was to have been a
flight over the city from a park. His
back waa slightly Injured.
ALDRICH IN WASHINGTON
Nebraska Executive Says He is Can
didate for Governor, Not Senator.
RECENT CONFERENCE DISCUSSED
Governora May Art aa Friends of
Court or Mar Be Attorney In
Canes from Own State .
Involved.
(From a Staff Correspondent.)
WASHINGTON, D. C. Sept. 19.-(Spe-oial
Telegram.) "I am not a candidate
for senator, 1 am a candidate for renom
lnation for governor," said Governor
Chester H. Aldrlch of Nebraska today.
Governor Aldrlch arrived In Washing
ton last night from Spring Lake, N. J.,
where he attended the conference of gov
ernors, accompanied by hla secretary, L.
B. Fuller. Early this morning Governor
Aldrlch called at Senator La Follette'a
headquarters and after making the asser
tion that Nebraska would be found In
the La Follette column, he started out
on a tour of 'he capital, visiting every
point of interest he could crowd Into ten
hours of sightseeing, and taking his hat
off to every shrine that seemed to
breathe the spirit of progresaivism.
Later in the day Governor Aldrlch had
a long conference with Senator La Fol
lette, but Just before he entered "the
presence" the Nebraska executive an
swered a tew questions as to how the
governors could get to the supreme court
on the question of intra-state rates,
which was his theme at the Spring Lake
conference.
As Frlrnd of the C'onrt.
"It is customary," said Governor Aid
rich, "where parties present. tig an ap
plication show special interest in a case
that the court allows them to nie a
brief. That, we will say is the first way.
"Secondly, we could ue attorneys of
record to appear In any case from any
statu where the matter U prndlnu; for
instance, Missouri has ber 2-cent fare
law pending In the aupreme court. Gov
ernor Hadley could apptar In behalf of
his state. My own state will aoon huve
her 2-ccnt fare and freight rate laws sub
mitted to the circuit court of appeals.
I can appear with the attorney general
of Nebraska as one of counsel lor my
own state.
"If, however, another way might be
deemed advisable to gel the question
whether the state has a right to make
rates before the supreme court. Gov
ernor Harmon. Govenor Hadley and my
self could appear In supreme court rep
resenting any state where the kind of an
action Is pending of which 1 spoke at the
conference of governors at Spring Lake,
under an agreement witn the attorney
general representing the case. 1 can see
no difficulty In getting to the supreme
court for w come as a friend of the
;ourt."
Likened to David.
During the Interview, Governor Aldrich
showed his gold teeth, nis expansive
smile, and was visibly happy when The
Bee correspondent told him that he waa
likened to David by some of the eastern
newspapers in the boldness he had dis
played in criticising Judge Sanborn for
the restraining order which he granted
"Yes," said the governor, "everything
was perfunctory until my paper was read
and then I stirred them up a bit.
"Of course I believe In these confer
ences. The others may lave been mostly
largely social in character, but this last
one accomplished much. I am convinced.
and 1 believe good will come of It."
On State Politic.
Governor Aldrlch said he thought Ne
braska was antl-Taft today, but he wou.d
not predict bow the stuto would vote
tn a preferential primary six months
henc.
"If Taft is nominated will you sup
port him?"
"Why, of course." said the governor In
stantly, "I am a republican."
Governor Aldiich and his secretary left
tonight for Cleveland, O. From there
lie will mak a side trip to Conneaut,
O, to pay a visit to his father and
mother, on bis way to Nebraska.
ATTACK EXPRESS COMPANIES
Financiers Declare They Usurp the
Regular Banking Privileges.
NORFOLK ATTORNEY EV PLAINS
lie Declare that Hank Guarantee
Law (thonM Be Made to Apply
to Eipre f'otnpantea Doing
Banking; nnnlnes.
An endorsement of the Aldrlch currency
plan, which was recommended to the
United States Monetary commission by
Senator Aldrlch of Rhode Island and may
be enacted Into law at the next session
of congress, wao passed by the Nebraska
hankers' convention Tuesday afternoon.
The Aldrlch plan means the organisation
of an enormous trust company or central
bank, In which the shareholders to the
amount of several hundred million dollars
shall be bankers, and this central trust
j company will be expefted to Issue credit
currency to the anks In time of panic
The. endorsement of the Aldrlch plan
was fought bitterly by Henry W. Yates,
chairman of tho resolutions committee,
and was championed by E. R. Gurney of
Fremont Tho committee brought In a
resolution favoring Indefinitely some legis
lation on the subject. Mr. Gurney took
the floor and argued for a substitute reso
lution, which was carried by a vote of
M to 26.
Tho resolution offered by Mr. Gurney
and passed was as follows:
"Resolved, That It Is the opinion of the
Nebraska Bankers' association, assembled, ,
that the suggested plan for monetary
' leglHlatlonp presented by Senator Aldrlch
to the National Monetary commission, as
amended by the executive council of tha
American Bankers' association at the
Nashville meeting, embodies in Its main
outlines a satisfactory remedy for the ex
isting deficiencies In our banking system,
and that we unanimously recommende to
the senate and house of representatives
the adoption of a bill containing the es
sential features of this plan at the earliest
possible date, and before the necessity
for such legislation shall have been
forced upon the attention of the country
by the recurrence of such a financial col
lapse as It Is designed to prevent.
McUlvrrn I Frrsldnt.
Francis McGlvern of Fremont, who has
been a banker In Nebraska tor thirty
year, was elected president of the assu
elation unanimously. New members of
the executive committee were chosen ai
follows: C. F. McGrew, South, Omaha;
J. R. Cain, Jr., ftella; Carsotl. IUldreth.
Franklin; Hranry W. Yates. Omaha, and
P. L. Hall, Lincoln. This executive com
mittee with the hold-over members held
a meeting and elected Henry W. Yates
as chairman of the committee and Wil
lylam B. Hughes as treasurer and secre
tary of the association.
The members of the American Bankerr.'
association held a short meeting immedi
ately afterwards and E. J. Wightman of
York was elected president of the na
tional organisation for this state. C. E.
Burnham was ivimed to serve for this
state on the national nominating com
mittee. Condemnation of ' the express com
panies, which, they declare, are usurp
ing banking privileges, ani commenda
tion for education in agriculture were
the prevailing sentiments of the Ne
braska bankers during the morning ses
sion of their convention. The much
vexed question of express money order
was discussed by Charles H. Kulsey of
Norfolk, an attorney, who has been in
terested in the legal contests over these
orders.
The contention of Mr. Kelsey could be
I resolved Into the proposition that tha
express companies are taking an enor
mous advantage of the banks because
they are actually doing a banking bust
nesa with their money orders and yet are
not carrying capital at their small sta
tions to cash these orders, leaving that
matter for the bank to bother with and
nut submitting to the bank guaranty
law. Mr. Kelsey contended that if thei
were to do' a banking business (Tiey
should submit to strict banking regula
tions. .ny offer tu do any one of the thlui
uluch banks make a business of doing li
engaging In their business," said Mr. Kel
sey. "whether li Is transmitting money or
accepting deposits. .Some of these express
j orders read to signify the agreement of
tn company to transmit, money, tney
do not actually transmit money, however,
as they do other commodities. Not br
any means. The price Is the same, no
matter how tar the money order Is to
be sent or tukcu. and If It were a ques
tion of transportation that obviously
could not be the cose.
Irgri Anpl'lfatlon of Law.
The UanKcrs should attack this ques
tion In a sane. weJI-thought out cam
paign. They should get legal advice and
kludy the question from a legal stand
point. The bank guaranty deposit law
may have faults, but It ahould be appliei
to all companies that do a banking busi
ness, whole or In part, and the exprea
companies come under that head."
The Tuesday morning session wsa
opened with the jpeport of th committee
on agricultural education. The report
Boxes of O'Brien's
Candy.
Dalzell 's Ice Cream Bricka,
Base Ball Tickets.
All are given away free fc,
those who Hud their Dtmei L
the want aus.
Read the want ads every da
your name will appear som
time, maybe more than once.
No puzzles to solve nor suV
scriptioos to get just read tb
want ads
Turn to the want ad pages
there you will find nearly every
business house In the city represented.
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