Omaha daily bee., 1907-03-10
cope FOR HELPLESS WEALTH
Haven In Which Men with Idle Money
Nay Find Sanctuary,
NEBRASKA TO Be THE BLESSED STATE
John o. Yeiser Has Plan by which the
Antelope state May Attract as
Much Attention as New
Jersey or south Dakota.

John o. Yeiser proposes that the name Of
Omaha shall be known far and WIDE and
called blessed among the aged and indi-
gent capitalists of the world, by making Ne
braska the haven Of refuge for all men
who have money that is not earning them
at least per cent. Mr. Yeiser has bill
pending before the legislature at Lincoln
that is intended to Ak matters so that
the men who own idle money will troop
to Omaha in schools and shoals, and here
make their homes for at least thirty days
In every twelve months and put in the
rest of the time boosting ior the Gate
City They will not be prohibited from
working overtime in the Joyous mission OF
enlghtening the world as to the manifold
attractions Of this favored of all spots
among the many that invite the seeker for
happiness. But Mr.. Yeiser tells his own
story with such touching simplicity and
convincing eloquence that to attempt 70
improve on It were indeed to paint the lily.
Here is the text Of the bill, which was in
troduced by Mr.. Leeder by request. and Is
cataIogued at II. r.. S4 and referred to the
committee on manufacturing and commerce
on February IL:
Section 1 There shall be established in
the state OF Nebraska a board to be styled
the Nebraska Board OF Immigration indus-
try and Commerce. The board snall con,
sist of the governor, attorney general ana
treasurer and the governor shall be eX-
ofHcio chairman Of said board.
Sec 2. Said board shall meet upon call
of the governor or according to rules to be
adopted by the board.
Sec g. The duties of said board shall be
the encouragement OF Immigration in NOUS ~
be adopted by said board for that purpose
Sec l. Any person who declares himself
60 be a citizen OF this state shall upon his
apRlipafinU he aDnOlnted ADVISORY
secretary TO said board. Provided that SAID
appointment may be revoked II such person
shall not in fact personally reside within
the state OF Nebraska for at least thirty
DAYS of each year he may desire such APP
pointment. Provided further, any corpora
ton or association may have and obtain
the same privileges of this act as an In
dividual.
Sec. s. The duties of advisory secre-
taries shall be to stimulate and encourage
desirable immigration Industry and COM
MERGE through correspondence and CONVEX
satlon under the directions of said board
Sec. 6. The compensation of each secre-
tary shall be n sum equal to the amount
Of taxes actually paid by such advisory
secretary upon the idle money OF such
of Nebraska. Provided that the term Idle
money shall mean money not in use or on
deposit at not to exceed per cent annual
Sec. l. The aggregate services of such
advisory secretaries are considered by the
legislature as OF proportionate and legiti-
division of the state and of the state at
large. which are required to pay for the
same in proportion OF the tax levy of each
10 the aggregate levy OF all.
Sec. g. It shall be the duty of the county
commissioners of any county where such
advisory secretary resides and has on de-
post idle money, as aforesaid to allow the
claim OF any such person for any such
gums as he may be entitled to receive under
this act, and authorize the issuance of q
warrant, payable out of the general fund OF
the succeeding year. Provided that any
county allowing such claim shall be en-
titled to recover OF the state and any
municipality other subdivision Of tho
state within said county. its proportion
due from the state or such subdivision, or
deduct the same In annual settlements, in
order to prorate the said expenses as pro-
vided.
MIR. Yeiser on the Measure.
In explaining the beauties OF his proposed
law Mr.. Yeser writes to the committee
as follows:
"oMAHA, Neb, Feb. 2S.--Hon Henry T.
Clarke, jr., Lincoln, Neb.: When before
your committee yesterday on II. r. 9O4, I
was directed. upon your suggestion, TO
outline my arguments In a letter to you
because of your inability to be present
then.
1.-THE main object OF this bill Is clearly
understood TO be measure of merit l
desire. however. to explain a few more In
cidental advantages which might be termed
its by-products. Before doing so, attention
is directed to New Jersey and its laws
enacted as a direct appeal to intended
corporations to organize in that state where
the laws exempt stockholders from personal
liability II is special and almost ire
sistable appeal to the class of people inter
ested in organizing corporations OF ques-
tionahle success. 1t induces extensive
migration OF business interests to New
Jersey. just as the bargain counter offer
OF a department store draws its varying
crowd Of interested shoppers in response
20 the particular kind of bargain offered.
Louisiana had its lottery, South Dakota
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