Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-24
DEPOSITORS ARE FORTUNATE
Stockholders Of Seymour Bank Can Be
Made to Fay Up in Full,
FAILURE DUE ENTIRELY 10 POOR LOANS
vice President Fairbanks a. 60 Speak
at state College at Ames sntur-
day Afternoon and In Des
Moines in the Evening.


From stan Correspondent
DIES MONIES, April Especial state |
Auditor b. f. Carroll returned today from
Seymour. Ia, where the Farmers and Drov- |
ers State bank is in trouble because Of |
$1,000 shortage of Cashier Ware. 1T is |
impossible to tell how much the shortage |
will be until the examination is fully COM |
peted" said Auditor Carroll. The work !
is progressing as rapidly as possible The |
depositors will lose nothing The capitali- |
cation Of the bank is $4,000 and the stock |
can all be assessed that amount in ad- !
dition Most OF the stockholders are men !
of wealth and many Cf them, perhaps most |
of them, can pay their assessments out Of !
their pockets with the exception Of Ware |
himself. who had only $500 stock in the |
bank. The cause Of Wares shortage seems !
to be due to loans to persons without Sc
curity. He denies specializing on the board !
of trade and all those in a position to know
deny that he ever specialized. 1t seems !
that he loaned money to persons, some Of
whom are good and will pay up. Others !
are not good. After he had started leaning
them money he had to keep it up for fear
he would lose It all, and finally did, any
way. It seems a very unbanlllike thing to
do, loan money without security, but that
is just what he did. For some of it he
doesn't even have a note to cover the
loan"
state Prohibition Contest.
The annual oratorical contest Of the State
Prohibition league will be held at Drake
university auditorium Thursday evening OF
this week. Central Holiness university OF
Oskaloosa will send a contestant, and this
will mark the first state contest in which
that institution has had a representative.
The contest follows a two days convention.
4
follows
"a Plea A. II. Ayers, Central Holiness
university, "Heroism Of Reform" s ]. Nc
Graeken, Penn college IA AM ca Greatest
! lege, Prohibition n Single Issue Ida
| Lewis. Morningside college, The Conflict
college, "A Protected Foe Jesse A. Macy,
| Drake university, THE Greatest Foe to
| Human Progress"
Goss Chairman of Pharmacy Board.
J. s. Goss of Atlantic was today elected
chairman of the State Pharmacy commits
sion by the rotation of the office to the
oldest member of the commission, and
Bert Russell was elected as vice chair
man.
Fairbanks to Ames.
Vice President Fairbanks will speak at
Ames to the students of the State college
i
| in Des Moines as the chief speaker at
the annual banquet of the Grant club.
The arrangements have just been perfected
for his appearance at Ames. It is expected
that he will reach Des Moines Saturday
morning at $3.50 and will proceed at once
to Ames to speak to the students and that
he will return to Des Moines at 2 o'clock
and speak before the Grant club in the
evening. The understanding is that his
address before the Grant club will be con- |
fined entirely to L. S. Grant and that /
in his address at Ames he will touch on /
some of the topics of the times and make /
a talk that will be more or less political |
Labor Meets in KeoISuS.
The State Federation of Labor will hold /
its annual convention this year in Keokuk, /.
June II. The convention is devoted strictly /.
to business so far as the sessions are con-
cerned and there is no program prepared ,
other than the regular order for taking
up business. The people Of Keokuk have /
however, arranged two steamboat trips
on the Mississippi one to Nauvoo and the
other down the river
LevIgne TO Nebraska.
| Governor Cummins today signed the
papers granting the requisltion for Ed
ward Levigne who is under arrest at
| Sioux City and is wanted in Red Willow
county, Nebraska, for counterfeiting. The
evidence seems to show that he manufac-
! tured several SO notes of the Merchants
and Planters bank of Savannah, Ga, Of
| the date of June %, 1856. It is claimed
that he was one of gang of counter
letters.
Would Dissolve Insurance Company.
Suit was begun IN the district court today
| by Auditor of State b. F. Carroll to have
the Iowa German Mutual Insurance assoc
citation OF this city dissolved on the ground
that the company is insolvent. The suit
was started by the attorney general in
the interests of the state. The grounds for
the suit are the results of an investiga-
ton of the company by ]. A. Mcclellan,
state insurance inspector The liabilities
are listed at a5,575.5O. The company was
formed January l. 1906. by the consolida-
ton Of four companies, the Merchants Mu-
tual Insurance company the Farmers Live
stock Mutual Insurance company, the
Southern Iowa Mutual Insurance assOcia-
ton and the State Farmers Mutual Fire
and Tornado association. The new company
started out with $4,000 insurance in force
and It is claimed that bad management
is the cause OF its insolvency. The state
auditor has kept close watch of the COM
pany and four examinations have been
made this year. The heavy assessments
made by the company lead to the suit
being instituted.
wash Machine Specials.
All kinds, from $3.50 to $3.50. Ask to see
the One Minute Washer, price so. Tho
easiest running washer made ]. Zoller
Mer Co., lOO-1O2-1O6 Broadway. Phone 800.