Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-11-22

of creating a guarantee fund for the pro-
lection of depOsitors in failed banks. As
was introduced during ths isst sess- OK %
our legislature, and l recently received
the synopsis Of bill Of thus character,
that is to be Introduced at the ColnIns
It is likely also that a bill of the same
character will again be introduced during
the coming session of our state Legislature,
and i would recommend that a legislative
committee be appointed torlook after this
and such other legislation as may be pro-
posed that in any way affects the banking
.n,erests of the state.
Along the line OF remedial legislation in
the interests Of all the banks in the state,
,here is much for which this association
mlght Justly petition, but l believe ouI
efforts had best be concentrated upon OBJ
tanning a modification of one OF sithe
provisions of the present depository hlaw
which requires security bonds to be fur
| nished in double the amount of a county
deposit. 1t is certainly patent on its face,
that IL the bond accepted pyra county, is
not goo, for I'D an sm9Gft equal to the
sS2 seSurtS Wfch Il s sfors $50 but ebes
sobject the banks to additional; ndSen.
40 amendment TO the present Nav, liniifing
to the amount OF the deposit which it
Il occurs to me that the influence of this
association should be used TO secure an
amendment, to our state banking law, re-
curing all banks operating thereundefF to
| five reports TO the State Banking board in
| stead of four, as the law now provides.
| Also the, law regulating the compensation
| increase provided for therein commeusu-
|. ate with the character of the work per-
ormed and sufficient in amount. to enlist
/ he services Of men OF recognized ability
| n this with a view Of strengthening our
! banking system and thereby affording
4 greater. protection to depOsitors. 80
$500 Cornell on Land. Ill
/ c. H. Cornell, president Of the First Ma
tional bank Valentine. in an address lon
[ What Disposition Should be Made of I'm
| appropriated Government Lands" adso-
| Gated the sale or lease of such lands,
both for the purpose of deriving a revenue
for the government and state purpose
| and TO prevent the impoverishnent of the
land Under the present system, he said
each cattleman and sheepman vies with
the other in trying to see how much be
can get from the land, without thought
of conserving the grass supply or pre-
serving the capacity Of the ground fol
production
+ ]. w. steinhart of Nebraska City talked
on the subject of Postal Savings Banks,
arguing for their establishment on IN,
ground that they are safe; they educate
the people to habits OF thrift; that tn,
production OF new forms OF wealth SHOULD
be taken care OF by the savings Of tn,
people and not by the capital OF the com
meTcial banks. He pointed TO the fact tina
only per cent OF the people OF the United
States are savings bank depositors, Will,
the percentage in any progressive Eunopsal
country Is several times as large. Tn,
United States has In It's savings banks 50
for each one Of its population and hal
only one savings bank TO each 1900 o
j population. while England. for Instance
, has only S23 for each one of population