Omaha daily bee., 1906-09-14
COMPLICATION OVER BANhS
ationsls Must Comply with State Law to
Conduct Savings Business
INSPECTING THE STATE INSTITUTIONS
state Board coins, the Rounds to
Ascertain what Appropriations
VIII he Needed from
Legislature. ~
frrom a stan correspondent.l

LINCOLN, Sept. 1S.-Cspecia1) 4Asecretary
Royse Of the State Banking board has re-
fused to permit national banks to conduct
a savings banking business unless such
go through the formality Of organ
king " savings bank in accordance with the
provisions OF the state laws. To settle the
rights Of such banks he has referred the
question to the attorney general The
attorney general has thus far found no
authority for national banks conducting
a savings bank business under the national
banking act. On the contrary he has found
book of Instructions from the comp
trolier OF the currency in which the as
sertion Is made that the national banking
act neither authorizes or prevents a ma
tional bank from doing a savings bank
business. II this is true it is believed the
attorney general will give II as his opinion
that national as well as state banks must
comply with the state law governing the
organization Of savings banks. Several
national banks in this state already con-
duct savings banks. but II is done by a
separate chartef and separate incor-
poration in conformity with the state law
The business is usually conducted in the
same room where the national bank is
situated, but by separate corporation,
subject to different laws. The state law
permits savings hanks to makes loans
secured by first and second, mortgages on
real estate. with restrictions as to amount,
and on chattel mortgages cattle. The
national banks are not permitted to mako
loans on real estate but may accept mort
cages on real estate only as additional
security. The State Banking board
has in the past refused to permit
state banks to, do a savings bank business
without a strict compliance with the state
law, and 1t is1uot believed national banks
will be permitted TO do 50.
Needs of State Installations.
The members of the Board of Public
Lands and Buildings have returned from
a tour of the state institutions. 1t is re-
ported that from 5000 to $4,000 is needed
for a new roof for the Girls Industrial
school at Geneva, 5000 for new walks and
repairs at the Soldiers home at Grand
Island. and additional boilers at the Nor
folk asylum. The reconstruction of the
west wing of the old building at Norfolk
has been accepted by the board. 1t cost
sails. The roof Of the Geneva institution
was destroyed by hre. The. board will visit
Kearney. Milford and Hastings next week
Three Damage Suits.
Mrs. Lizzie Yeck, the wife Of Roy NJ
Xeck. who Is charged with setting IRE to
several barns, one Of which belonged to
his father. has filed suit In the district
court against several lincoln saloon keep
srs for 5000 damages, alleging that her
! husband was debauched by liquor. Yeck is
know in the county jaii awaiting the action
1eutbe insanity commission.
- Mrs. Elizabeth Brown. well-to-do col
ored woman of the town of Mead, has
fied .uIt for 1900 ddnases against the
Lyric theafer under uhes,dfvil rights act.
She alleges that she was refused permission
TO buy ticket for public entertainment
given In the theater. q ykN ~
Because, as Oficer George M. Dunn al
lie ses, Louis Bernero beat him over the
head with a revolver, cut open his scalp
and caused a dangerous Conclusion OF the
brain. the former has gone into district
court and asked for damages in the sum
of SOS. 4ettt ass
Deserted Husbands Appeal.
In order to save the lire of the Lothario
who ran away with a Kansas City mans
spouse the aggrieyed husband, William E.
Hyde, intimates in a letter to Governor
Mickey that il would be well to keep Fred
Good, alias 1Donnors. behind the bars of
the Douglas county jail, where the latter
now is. 1t is not so much his desire for
revenge on the destroyer of his home as
his fear OF violence at the hands OF Good
Al which impels him to hint that he may be
Ned to commit dark and bloody deed IL he
nnds his wlfe's paramour running at large.
or rather II the paramour nnds him.
Governor I never killed anyone and
3.