Omaha daily bee., 1899-07-24
ONE Old Worn-0ut Yarns Billed to Do
Duty in Coming Campaign,
MOTHER ATTACK ON NEBRASKA BANKS
Ten-D ollars-a- Week Tibbles Sets His Fake
Mill Grinding Again.
STORIES REFUTED BY FACTS IN THE CASE
Cashier OF n Leading Lincoln Bank
Says Prosperity is Here and the
Financial Institutions Give
Proof of II.

Too VI It's
LINCOLN, July 2s.-(special.) - The
fusion campaign managers are preparing to
revive the department of publicity that was
maintained in the state house last year
for he exploitation of popocratic theories
and misstatements and steps have already
been taken toward securing the publication
In the fusion press Of the state of an article
seeking to show that the banking i~nstitu-
tons of Nebraska are in an unsound condi-
ton. This is but a repetition Of the feeble
attempt made by the state officials last wear
TO cause a panic while President Mckinley
was in the state by hiring an irresponsible
person to issue IA circular from the capitol
building calling attention to the fact that
whlie the demand liabilities OF all the banks
In the state at that time was $5S, 095, 1855, the
cash on hand amounted to only S., 71O. $50.
This statement was so idiotic In its purpose
that 1t was laughed at by fusionists all over
the state. The person who conceived this
popocratic argument was employed by the
state house officials at a salary OF $40 per
week and was furnished with an office in
the capitol building along with other con-
veniences.
Inc same person, whose name is r. H.,
Tibbles, is again at work on the sam kind
or an article, intending to show that on ac.
count OF the decrease in the amount OF cash
carried in the various banks they are in a
shaky condition and that there Is not as
nhuch money available in Nebraska at the
present time as there was a year ago.
The banks OF Nebraska are certainly Ia
be congratulated that they are enabled bv
the restored confidence of the people and
their depositors to invest the money placed
on Deposit said the cashier OF one OF the
Lincoln banks. in speaking of the cash on
mana IN the banks as an indication OF the
prosperity of the state. at Is of course
true that the banks in Nebraska do NOT
carry nearly so much money as thew did
during the boom times, but the reason for
this must be evident to every thinking man.
during the five years beginning In 1892.
wnen there was an almost incessant run on
the banks by suspicious dspositors, II was
necessary to carry a large amount of actual
cash on hand, but with the return of conf
dence came a change in the banking bust
ness and it was no longer necessary to over
load the vaults with currency, when there
was no demand for it.
Increase in Bank Deposits,
"There certainly is no better evidence Of
the prosperity OF the state than the
enormous increase in bank deposits. II
money deposited in a bank was kent in a
vault the bank would have no source of
revenue and the expenses of maintaining
1t would increase. The total cash and sight
exchange or the available cash that belongs
10 Nebraska banks Is about five times
greater than during the panic INES. This
money, or a large portion of it, is on de-
post in eastern banks, drawing 2 per cent
or more, and would be returned Immediately
upon demand. The cash on hand Is, of
course, less in amount than two or three
years ago, but the one direct cause for this
state of affairs is the renewed confidence
of the whole people"
The following is a sample of the kind OF
political arguments that were ground out
for the official campaign committee by lib
bles last year for the munifcent salary of
$40 per week:
Thu last report of the condition of the
493 banks, state and national, doing bust
ness in the state has caused a good many
to put on their thinking caps. 1t appears
that the banks are owing demand liabilities
to the amount of $50. O95, 755 and the total
cash in their possession only amounts to
$5,710 $50. Here is a pretty state of affairs
81 of money and $40 of wind. The limit Of
safe banking has always been considered
81 of money to "a Of credit, but in these days
of sound money the banks are going 1t six
better. That statement shows the frair
foundation upon which all business rests
in this state. A single breath would knock
the whole row of cards down. But suppose
we only had a gold standard and only gold
was legal tender. Where would we be
then? Instead of having SIS, 10, $50 to pay
Off their Indebtedness OF $50, OBS, 1853, they
would have only 81, 461, no, or 81 OF money
to $26 Of wind. Wind is a pretty good thing
but If too much Of 1t is forced into any re-
ceptacle II is sure to burst. II only one
tenth of the banks creditors should take
a notion that they wanted their money the
pFhnIA 400 uTnIt1l on I'M tla HnrAA IN z-
minutes. The time for another panic is
close at hand. This bank report shows that
the conditions which produce panics are al
ready here.
Deputy Insurance Commissioner Bryant
says that he doesn't care whether the in
surance commissioner rides on a railroad
pass or not, but he seriously objects to
charging up mileage IL the examiner is fay-
ored, as examiners have been. Mr.. Bryant
will insist on having all fees paid at the
office Of the insurance commissioner and
will not permit the examiner to receive any
compensation at all from the companies he
The examination OF insurance
companies will begin next month.
Operation of Labor Law.
Nearly a month has passed since the fe-
male labor law went into effect and up to
date only one Lincoln merchant has closed
his store regularly every Saturday night
at 7 O'Clock. Proprietors of other stores
where female labor is employed have adopted
the custom Of opening a little later in the
morning and reducing the number OF hours
for the female employees to conform to the
law by permitting them to report for duty
three hours later than usual on Saturday
morning.
Prof. c. e. Ansley, who resigned from
the chair OF English literature Of the State
university last week to study law, has ac-
cepted a position with the faculty OF the
Iowa State university.
Attorney Charles o. Whedon and Judge
Robert Ryan will leave Lincoln tomorrow
for San Francisco TO meet the First regi-
ment when it arrives in port, Both have
sons in the regiment.