The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-07

Year-Nul Hun His Bank on . New
Plan, lie Says-b an Enemy Of the
Money POWer-TiTed OF Whting.
LINCOLN. Neb., May Ct. H. Tbbles,
who was a candidate for Vice President
on the ticket with Tom Watson, the
Populist Presidential nominee, last year,
is going to New York city to take the presi-
dency Of a bank. He has been editor Of
the biggest Populist weekly in the West.
printed in Lincoln. but he has tired Of wri-
ting and proposes to try finance.
quaint and curious character Is Tibbles.
A student all Of his life, despite the fact
that many Of his years have been spent on
a farm, he is crammed full Of information.
He is a square, angular man, with q mas
sive head and white hair that refuses the
advances Of comb or brush.
Tibbles Is firmly convinced that Wall
Street has the country by the tail and IL
only hunting for a good sized fencepost
against which TO slam II. He has some
rare old ideas about the money power, and
in his discussion Of high finance be manifests
a strong impotence over the poverty Of
the English vocabulary.
He Ia the author Of a volume on banking
and banking methods, and has some inter-
esting ideas about finance generally. He
is a fat money man, and he believes all Of
the old parties are corrupt. He will make
a unique addition TO the circle Of New York
bank presidents.
Tibbles spent a year in New York city
some time before his nomination for the
Presidency. While there he made
1t his business 20 haunt the banks and
brokers' offices, and he brought back with
him some weird tales and condolences
that the unsuspecting men Of Wall Street
poured into his ears.
4 am going back there he said, "to
consider an offer OF taking charge Of
bank that is TO be started on the East Side,
among the foreigners. When / was in
New York a couple OF years ago got sc-
quainted with a number Of the big bankers
and financiers OF the country, and guess
one Of them got stuck on me, as he has
made the proposition 10 furnish the capital
II ] will come back and run the bank.
you see, have written miles Of stun
about banks and banking. There isn't
anything about the whole blamed business
l am not up on, and l have some ideas
on banking that have never been used.
i told these TO my rich friend back In
New York and they seemed TO strike his
fancy. He wants to try them on the poor
people and wants me to direct the thing.
am going back TO see.
Maybe TN take It and maybe won't
The whole blamed trouble about running
a bank is that the president has got to
shoulder everything. He's got to be sure
that every clerk IL honest, and II he makes
mistake some morning he wakes up to
find one Of them has busted the bank by
running on with some Of the money. That's
what is making me hesitate.
This bank is going to be run on new
ideas. What they are / don't intend to
say until get back to New York and make
up my mind what will do.
They're Populist ideas, for am not 60
ing to give up being Populist just because
become bank president There are
more Pop bank presidents in New York
than you have any idea Of. and discovered
when I was back there that a lot OF them
were Of my way Of thinking, only they
didn't dare come out In the open. The big
fellows have got them all cowed.'
Iibbles was one Of John Browns raiders
before the war, and twice narrowly esca ped
hanging. Later he married Bright Eyes.
daughter Of an Omaha Indian chief and
one Of the oleverest literary women the
Indians have ever developed.
Since her death, few years ago, Tibbles
has shut himself up with his books and his
writings. his New York vacation being
his only recreation in years. He has a
daughter in Brooklyn.
Mr.. Tibbles said Tat the bank would
begin with a small capital about $50 600 or
$4,000, which would be increased later
II the plan proved a success He pro-
poses that the bank shall be run on the
principle that the depositors are entitled
TO know all about lie AFFAIR.".
He takes the ground that a bank Il
mutual institution, that the statements
made by Il should be Of such a character
that everybody can tell what the actual
condition OF the bank h. He saw bank
Is a farce At present the
gambler take the peoples money II
they win they take all the profits: n they
lose the depOsitors pay the score.
He says that no hank officer hall he
allowed TO borrow Of his institution and
that no money shall be lent TO any concern
In which the officers Of the bank are in
terosted. Every cashiers slip shall be-
accessible TO the Deposition and nj the
end OF each day the banks condition will
be figured up and the statement open for
inspection by everybody. This abatement
shall give the names OF those who Dor
rowe1 money, a. well a. those who de-
posted. together with the amounts
Tibbles says he has a number Of friends
In New York with millions who heard him
give HE views at dinner talk last winter
and they have ssked him 70 try to find ont
BY actual experiment whether q bank can
hRnrHnNNr ~ - .