Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-09-10
INQUIRY INTO UNIVERSITY
Move on Foot to Gut Down the One Mill
Tar Levy for Institution.
FRIENDS OF UNW-R,IN ASK FsR MORE
Secretary Royce of state Bankine
Board Recommends some Changes
in the Present BANKING
Laws.
(From a stan Correspondent.)

LINCOLN. Sept. s.-(special IAN in
quiry is being made into the expenditures
Of the State university. evidently with
view to the Introduction of a bill In the
next legislature TO reduce the l mill tax
that goes TO the support of the university.
This levy has been increasing from year
10 year owing to the increase In the as
sessed valuation Of all property Of the
state. In 1903 the assessed value OF the
state, on which the mill levy was based,
wac s1ss. ASS, $780, in 1904 ,244; in 1905,
1904. 100000; in 1906, SS13,OO0,Oo0. The levy
produced in 1903. ylss, 4ss; in 1904. s2s477s;
in 1905. 100000; in 1906 1t will produce
$4,000 At the close OF the biennium, in
November, 1904, total Of 100000 had been
expended by the university from a total
Of ss74.5O0 appropriated by the legislature
for the university for all purposes, in
Guiding s23l.4 spent for salaries and
nearly $4,000 for buildings. An appro-
priation of $4,000 for a building was not
expended owing to the failure of the re-
gents to secure plans and begin work in
time. The friends OF the university will
oppose a reduction of the mill levy on the
ground that all of the money appropriated
by the legislature lie needed and that IL
the university is to retain its place in the
educational world il must be literally sup
ported 1t is said that during the last FIVE
years Missouri. Iowa. Minnesota and Illi-
nols universities have been taking some
OF Nebraskas best talent by paying higher
wages. The payroll of Wisconsin In 1904
was ss2a,5z7, OF Michigan s421.442 OF Ne
braska. slss.sS7
Changes In the Banking Law.
Secretary Royse of the state Banking
board may stir up a controversy II his
recommendations are placed before the
legislature In the form of amendments TO
the present banking law. He has formu-
lated recommendations which include one
requiring bankers to pay for as many ex-
arninations each year as the board finds 1t
necessary to make. The law now permits
one examination each year for pay. the
fees to go to the state treasury. At pres
ent bank is taxed on its capital sur
plus and undivided profits. Mr.. Royse
desires a tax on capital and surplus up
to the point where the surplus equals 20
per cent of the capital. This. he believes,
would be beneficial in that 1t would en-
courage the building up of surplus. He
further recommends that bank be per-
mitted to loan 20 per cent of its capital
and surplus to any one individual, Arm or
corporation instead of 20 per cent of its
capital.
or travelling expenses and salaries for
state bank examiners and the use OF rail-
road passes, MIR. Royse says:
The appropriation for each examiner by
the last legislature was 81, 200 for the bien-
mum, making 5000 each year for expenses,
evident to the iaw-riiaking body that this
sum is entirely inadequate unless the ex-
aminers accept free railroad transport
ton. II In the opinion of the next legis.
lature the railroad pass is an evil and
should be abolished, the present banking
act should be amended and appropriation
penses OF the examiners, which It Is esti-
mated would require an appropriation about
double the amount heretofore appropriated
III Senator Gnlfgan of Holt county is
again elected to the senate he will prob
ably go after the state banking depart
ment rough shod. He introduced bill in
the last legislature to abolish the entire ex-
animation system or at least to make ex-
aminers personally liable for the failure Of
banks that had been examined by them.
Such suit was actually filed in court in
Holt county, where a bank was wrecked
by its managers. The examiner was not
held liable by the court.
Republican Campaign.
Emerson and not Harrington is the place
where the first republican rally Of the state
campaign will be held September IL, with
Attorney General Brown and George l..
Sheldon the speakers. An effort will be
made to have these two speakers cover
the state as thoroughly as possible Sew,
eral local speakers, including Judge A. w.
Field. Judge M b. Reese and Judge ], B.
Strobe, will be asked TO take the stump.
Most OF the speakers will be Nebraskans.
The publicity bureau OF the state commit
tee will endeavor to keep the press in
formed regarding the work of the repub-
/ leans and the democrats. Congressman
Pollard has planned to make a number Of
! speeches In his district. f. c. Strobe Is
his chairman The officers OF the state
committee are formulating a list Of COM
mitteemen to comprise the executive COM
mittee but the appointment has been de-