Omaha daily bee., 1902-09-08
MONEY TO MOVE THE CROPS
Western Bankers Say it Will Require MUG
More Than Last Year.
PLACE THE FIGURE At THIRTY MILLIONS
New York and other Money Centers
Must Furnish This In Addition
to the Amount Now in
the West.
(From a Stan Correspondent

NfTOm q stan correspondent
WASHINGTON, Sept. 7.-(Special Tele-
gram.)-President Herman Kountze of the
First National bank Of Omaha, in answer
to a series of interrogatories sent out by
the New York Evening Post relative to the
probable needs of currency to move crops
this year and the amount likely to be
taken from New York, says he thinks that
the actual needs of currency in the west
will be larger than last year. That bal
ances and loans now in New York will
| probably be called more cloBely than last
year. In reply to a third in~terrogatory,
whether the amount Of money now on de-
post or loan at New York City is larger
than at the same time last year, Mr..
Kountze says he cannot answer. as the i'm
mediate locality about Omaha is generally
furnished with currency by Chicago and
st. Louis. AS to the standing Of banks
he says in his locality they are generally
in good condition, with fair cash reserves.
To a fifth inquiry he says: IL expect a
more active demand for money and higher
rates. It is, of course, difficult to say
positively what may take place In the
next ninety days or four months. Corn is
later than usual, but IL we have no frost
and have warm weather until about Sep
TENDER 25 the promise for the corn crop
is exceedingly good" r ..
other replies to these inquiries we're re-
ceived from S. H. Burnham, president of
the First National bank of Lincoln; T. C.
Rounds, president of the Citizens National
bank Of Des Moines, and Arthur Reynolds,
president of the Des Moines National
bank. To mari these opinions, nearly
all bankers replying agree that the west
will need much more money to move crops
this year than was needed last year, the
reason being that the yield is so much
greater than expected earlier in the sea-
son. 1t is thought that between $40, OOO,-
900 and $50, 900, 900 will be withdrawn
from New York banks in the next four
months to meet demands for moving crops.
A very interesting case to be tried at the
coming term OF the United States district
court is suit brought by the United
States against X. W. Pumphery of
this city as surety upon the bond OF the
late Buck" Taylor, who was Buffalo Bits
right hand man for many years. Taylor in
the summer of 1894 started out with a
wild west" show of his own and to put
on an acceptable Indian act engaged fifteen
Sioux Indians of Rosebud Agency, S. D.,
to tour the country with him. giving
phases Of Indian life, bareback riding, war
dances, etc. Taylor to secure the consent
- NHS SHSAN ~ NONAh6 Nv
Indians from their reservation was COM
PEELED to give bond for IS, 900 that the In
dams should receive their salaries and at
the close Of the season be returned to the
reservation without expense to the gov
m
The show prospered for a couple OF
months and the ghost walked regularly.
But in a short time bad times set in and
the Indians were compelled not only to go
without their salaries, but had hardly
enough to eat. Then the show disbanded
in the dead OF winter at Louisville, Ky.
Without money or food and their clothing
In rags, they finally succeeded in acqualnt-
ing the commissioner of Indian affairs with
their plight and were promptly sent home
at the governments expense. Thereupon
suit was brought on the bono to recover
back pay due the Indians and the cost of
their transportation home. The supreme
court Of the district held that the bond
sued upon was invalid because there was
no Law requiring 1t to be taken. The court
Of appeals. however. reversed this decision
and now the question comes before the
district court as to how much the Indians
are entitled to.