Omaha daily bee., 1902-12-17
FIGHT THE HOME COMPANIES
Building and Loan League Proceeds
Against Illegal Concerns.
WILL STRENGTHEN NEBRASKA STATUTE
Recent Decision of Supreme Court
Gives Force to the Move to Drive
Out Fraudulent and Fake
Companies.
(From a STAN correspondent,)

LINCOLN, Dec. B-(Special.)- &c. F.
sentlcy OF Grand Island. secretary Of the
State League OF Local Building and Loan
associations; @. w. Lninger. Colonel
Elmer Il. Bryson of the governors stan
and Thomas "a FIt1morris Of Omaha were
10 Lincoln today comforting with Attorney
General Prout on legislation in regard to
home insurance eompanfee. 1t Is the de-
sire of these gentlemen to have presented
TO the legislature a bill giving the state
banking board control over companies that
carry on o saving proposition or collect
money for saving.
Mr.. Bentley was especially elated with
the decision OF the supreme court in the
case OF the Nebraska Home Insurance
company, and he expects the attorney gem
eral to secure the same kind OF a decision
against the Northwestern Trust company,
against which a suit has been started in
Adams county. The only difference be-
tween the companies. Il is said. is that
the former had a 81. 900 proposition and
the latter has a $4,000 proposition. AS a
result OF the decision of the Nebraska
companies In Missouri and in Illinois and
Louisiana. action will soon be started in
Ohio and Maine and Indiana to exclude the
companies. Mr.. Bentley believes the leg
~islature will do something that will force
the companies from the state.
Premium on Stuefer's Bond
Among the appropriations that will be
asked for at the next legislature will be
1900 to reimburse State Treasurer Stue-
fer for the amount he had to pay the two
guaranty companies for his bond as state
treasurer. Mr.. Stuefer. In order to handle
the moneys Of the state. is under a 1.500.-
0c0 bond. guaranteed by the companies OF
Baltimore. For this bond he has to pay
5000 annually. The cost OF the bond for
the nrst year was appropriated by the leg
i~slature. when the cost OF the bond for the
last year OF the term OF Meserve was APP
propriated. Meserve was the nrst state
treasurer to give a guaranty bond. and al
hat time the cost was 81. 500, which tbs
Legislature paid for him. When stuefeI
was elected to the once the companies
raised the price Of the bond to $1,000. Tn
salary OF the state treasurer Is only s.. Sol
a year. consequently Mr.. Stuefer believes
that the legislature will allow him the cost
OF the bond,
bad Lemon Extract.
Food Commissioner s. C. Bassett Il
spending most Of these strenuous days dig.
ging up adulterated foods and turning then
over to his chemist. ]. NJ. Nelson. to an.
aiyse and put the brand on them. From
local grocers Mr.. Bassett has purchased
lemon extract that isn't lemon extract AM
baking powder that Is not pure baking pow
der. TIT usual lemon extract sold BY tn,
grocers, the chemist said. is a highl!
eolored weak solution of oil Of citronelli
and other compounds colored with coal ia
dyes.
Inspected ny Governor.
At the regular drill NJ the university ca
diets Governor Savage was present and In
spected the companies at the invitation o
Commsndant Chase. Governor Savage com
plimented the cadets and the military de
psrtment CT the university. The drill wa
held In the armory.
Lancaster County Bonds.
The county commissioner Of Laneaste
county this morning ordered the clerk {
prepare 300 bonds OF the denomination o
$500 each 70 be exchanged for the $780, 90
Of Midland railroad bonds that became du
January /. The resolution empowering tn
clerk to prepare the bonds recites that o.
account OF the large payments In recen
years OF bonds bearing higher rates OF In