Omaha daily bee., 1908-12-15
FAT JOBS FOR DEMOCRATS
Physical Valuation Of Railroads
Expected to Provide Them.
EXPECTED TO LAST TWO YEARS
Copies of KnBsns Rank Deposit Guar
sBty Bin Received at Lincoln
for Benefit of Democratic
Legislator.
rFrnrn a stnff cnrresnnndent.l }

! LINCOLN. Dec. 14-(SpeciaL The phys
icRl valuation Of public utilities, prouis ed
in the democratic platform, iE causing a
lot OF talk among the democrats elected TO
the Legislature. Some Of these democrats
are going to try to see 10 II that some
mighty good 3ohs come ont q this legisla-
ton. For instance, IN the matter uf making
an appropriation for the physical valuation
Of the railroads prominent member Of the
legislature desires q commission appointed
TO do the work, devuting the next two years
to the job and reporting probably TO the
rss-xt Legislature.
This mans IDEA is that the commission
should visit the various towns OF the state,
inspect the property Of railroads in these
towns then place a value upon all bridges
and on the roadbed. grading and every
thing He would give this commission su-
thorify TO hold meetings whenever and
wherever IT pleased
I This man recognized the work would take
time and would cost the state considerable
n1uney- q.
That pledge Of the democrats meant that
all water would be squeezed out OF all seub-
lie service corporations In the state and
that hereafter rates would be made solely
/ on the physical valuation. Considering the
help the corporations gave the democrats
in the last election somebody viii be dis
appointed, either the people or the cor
porations. because the corporations are op-
posed te the physical valuation.
In the last legislation Cone OF Saunders
county tried 10 get q hin through to pro-
vide for the physical valuation Of rail-
roads and failed. His friends are claiming
this has caused some Of the corporations
10 fight him for chief clerk.
Report of State Auditor.
The biennial report Of State Auditor
searle, now being printed, viii show that
from December 30. 1896. TO December 80,
1906, there were Registered in the auditor 8
office, bonds Of all kinds amounting to
& .Sn. .6S6.65. OF this amount S75.OOO was is
sued by counties. 900 by precincts. sss6. .50d
by cities and villages and S1.ss1 1866 by
school districtE While 1nis large amount
represents an indebtsdness against the
municipalities and school districts, II does
not necessarily follow that II has al been
contracted within the time state, as
guodly amount Of II is refunding bonds is
sued 10 take the place OF other bonds voted
years age, which have matured and have
not been paid. From the school districts Of
many Of the western and northern counties
Of the state many issues Of bonds have
been registered in order 10 provide schoo
buildings in districts where non have ever
before been erected.
Building and Loan Report.
In the biennium report Of the State Bank
ing board. regarding building and loan as
sociHtionE, Secretary Royce says:
] am pleased 10 state since the last an
nual report, no failure Of associations has
/ occurred IN this stale When the recent
financial cOnvulsi0n iE taken into CONSIDER
alton, II certainly speaks wen for the
associations Of Nebraska 10 be able Il
make the above statement However
there has been no great decline of rea.
estate values aE q consequence OF the panic
is concerned there mas been no real i'm.
pairment Of value Nevertheless q finEn-
ciRl shock as severe we have passed
through must Of necessity affect any Einc
Of financial institutions 80 that II iE graft
tying, indeed. 10 De able 10 make tht
management Of q building and loan asso-
I CiELl0n comes during 4 period Of falling
I prices ano declining real estate values
and these conditions have moi held IN THU
I state.
While ] have none hut the kindest words
for the promoters and organizers Of build
Z ing and loan RBsociatiuuE where there II
) sufficient field for their successful opera
70 tion, ] regret 10 say that occasionally thil
department iE compelled 10 charter instt
I rutionE located IN places that sound judg
ment indicates either a field already Oe
: cupied or field without promise oi sue
cess. The Law leaves no discretionary
power with this department In such mat
20 ters 70 that the stern school OF experience
4 must be left 10 demonstrate the error o.
the proposition. Not many such instances
D come 10 US but some dn.
!. LIEes Nebraska Law.
. Thomas i. HisEen, late candidate 70
b president on the Independence league ticket
E Is going 10 ask the legislature Of MRssachu
e settE 10 enact one Of Nebraska's laws MI
L ElsEen has written Secretary Of slat
e Junlin for q copy of the Law enacted las
2 winter which prohibits the selling Of an
commodity al a different price in one plRc
than IN another. freight rates being con
sioered. M HiHgen said he desired I
have the bin before the MEssAchuserl
legislature, winch meets January j.
Supreme Court Session.
The supreme court viii meet tomorrow
session. The court win consider cases no.
Z before II and VIII probably hHnd d0W
r decisions the last OF the week. II vi
, endeavur 10 clean uD the cases nov pend
q ing befnre the January sitting
e KMnEAs Rank warranty Bill
} Copies Of q hill which viii be Introduce
? but no Arguments win me- made az m
II