Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-09-19
STATEBANkERSHERE
Nebraska Associate FOnvenes for
Three Day II on.
HILL TALKS q Z TNANCES
Railroad Magnate Says e ,ncy is
Due to Wars and
JANSEN SHOUTS F0k TIE
Declares Nebraska is Center Of Garden
of Eden.
LOCAL BANKERS ON THE LIST
Henry W. Yates, In Address of We'll
come, Discusses Panics and De-
cInres should stand Together
in Time of Need.


tened to addresses by James ]. HILL the
railroad magnate; Peter Jansen and others
besides transacting considerable routine
business. Mr.. Hin was not present, but
his address on present financial conditions
was read by w. H. Bucholz
Al the beginning of the session the fol-
lowing convention committees were an
nounced.
Resolutions-H w. Yates Of Omaha, ].
W. Whelpton of Ogalalla, c. f. Bentley
OF Fremont, f. f. Halsted of Ponca.
Nomnations-Mr. Burnham of Newman
Grove, f. H. Davis OF Omaha 7. w. Clark
of Harrison, ]. G.. Lowe OF Kearney, II. s.
Freeman OF Lincoln, Mr.. Babcock OF Has
tings.
Audting-w. II. Mcdonald of North
Platte, c. o. Crosswaite of David City.
Leslie Hoagiand of Candy.
A motion prevailed authorizing the chair
to appoint the delegates to the national
convention OF the Bankers association to
be held at Atlantic City September % to rs.
A communication was read from Deputy
Labor Commissioner John ]. Ryder OF Lin
coin asking the cooperation of the State
Bankers association in the matter Of the
labor interests Of the state. The COM
munication was placed on file.
Importance of Country Banker.
Fritz Nicklas Of Syracuse read an inter-
esting paper upon the subject, "The Coun-
try Banker" relating that he was called
upon to act as arbiter of most OF the
affairs OF the community, even to assist
ing patrons in recovering stolen and
strayed horses, "The little country bank"
he said. 'is like the little red school house
one of the chief educators Of the COM
munty in which IL is located"
e. r. Gurney OF Fremont In a paper on
'The Guaranty Of Deposits said there is
diversity OF opinion among bankers as to
the desirabiiity of such plan He aues-
toned the propriety of levying tax upon
prudent and conservative banks to help out
r the frailties of careless hanks The question
was not cam but should It be done. Nearly
all banks frown upon the proposition of
deposit insurance. Banks do already in
sure the deposits of favored deposltors such
as state. county, municipal, railroads and
lodges but there is a kick against the prop
osition OF insuring another banks deposits,
The success OF all insurance is in the selec-
tion of the risk Only the government can
afford TO do this. and It alone, The weak
ness OF the national and state banking laws
is that the penalties provided for the vio-
lations OF banking laws are too severe: they
are pTdCNlcdlig NHo lulllCllOH OF u Oedtn PEN
atty upon the corporation. Most bank fall
ures are the result OF irregularities In
surance for the protection OF depositors un-
der the strong arm of the government
would be good thing.
Peter Jansen Lauds Nebraska.
Peter Jansen OF Jansen Neb., read an
elaborate paper upon the subject OF "The
Lands OF Nebraska" Mr.. Jansen said in
part:
Have you ever stopped to think that Ne
braska Is the only state in this great union
of our that depends wholly and entirely
upon the surface products OF its lands for
absolutely all its wealth. believe Me-
braska stands unique in this respect.
I'VE have no timber no mines no fisher
les. no oil. no gas Except that which our
politicians spout and which has no COM
mercial nor any other kind OF value). How
ever. a kind Providence has evened up
things by giving us the best soil and great
est agricultural resources in the world.
Take Omaha as the center of quadr-
angle, not circle, extend a line 100 miles
in length either way. making the sides OF
your square 800 miles, and you have a tract
OF $1,000 square miles. or 57.eOO.OOO acres OF
land which for fertility and agricultural
productiveness stands unexcelled not only
In the west the United States or the Amer
lean continent, but in the whole world.
They may have something good on some
Of the other planets, but doubt II very
much.
And just think OF 1t. half of this mod.
srn Garden Of Eden comprises eastern Ne
oraska. and Omaha is strictly In II In more
lenses than one,
Growth of wheat Culture,
yaara fago ,yf,,.- 49,
unknown in Nebraska. Today we are
slassed as a prominent winter wheat state
and this year came very near outcIassins
sven Kansas In the amount raised
We have not nearly reached the rnaxi-
mum yield per acre OF our land. Intense
cultivation, judieiaus tertilizinE and last
out not least. pure seed win in time
aouble our crops The era of large farms
and ranches IN Nebraska is OF the past
never to return, and this for several rea
sons. The labor question is the most i'm
portant one. ! have carried ma 1000
acre farm for thirty years. but it Is now
setting next 70 impossible TO get reliable
farm hands even at double the wages we
used to pay.
This means that our large tracts OF land
VIII be cut up into eighty and leo-acre
FARMS and titled by the owners and their
families.
eehtlenen Of this convention. am well
aware that what I am going to say next
is not popular at the present day and
VII probably be severely criticized: how
ever 1 40 not care. l have had TO night
ali my hfe' and only dead men agree.
Mhat mean TO state most emphaticalIy
Is that the owner OF the lands OF Ne
braska, the farmer, is not the one who
has been clamoring for, or is IN favor Of
the hot-headed. destructive policy adopted
ostensioly for the beneft OF the poor tiuer
OF the soil by the wiley politicians. We
have had too much guess work legislation
OF late sentlsmen. too much canonizing
OF demRsogues."
The address Of Mr.. Jansen was received