Omaha daily bee., 1908-12-13
LINCOLN HIGH WINS DEBATE
Gets 9 Two TO One Decision Over
Omaha High School
TOPIC, RANK DEPOSIT GUARANTY
Creighton University A~uditOrfum Il
with Friends and
Aamfrers of the Young
DebnterG.

Resolved, ina congresE pass q law pro
v1cing for g compulsory guaranty Of de-
posts IN national banks with the privilege
opiODA for state banks
Lincoln High school UNFOLDING the a.
firmEtive Of the question won the Inter
High school dsbAts with the Omaha High
school Friday evening on the question OF
guaranteeing hank deposits. the RffirmR-
tive advocates receiving two votes and the
negative Omaha one vote r W. Breckin-
ridge, 4. c. Bronze and Herbert P. LeEvfr,
Omaha attorneys, were the judges
The debate WIS held IN the auditorium OF
CreiGht0n university ana the large room
was flied with studsnts, many parents also
being present In the throng was 8 bunch
o. twenty young people from Lincoln The
auditorium was prsttly decorated In the
colozs Of the two schools. red and black for
Lincoln. and purple ana white for Omaha
Lincoln and omaha p-eunauts, as well an
Of Other schools, were used In decorating.
and other pennGnts were waved in the air
by the enthusiastic ones. School spirit ran
high Al some times. and the ysIls Of the
opposing schools were frequently given.
DR.. Davidson. superintendent Of TIE
Omaha schools spoke briefly before the de-
bate. introducing Dr ". S stooksy. the
new president Of Bellevue college, who
acted as chairman The college president
merely stated the subject and called upon
Horace English 10 make the opening state
neut for Lincoln.
Opening of Debate.
The ftrEl speaker, after citing ths dis
EstrUus results OF the financial depression
Of a year ago, the pr0visions Of the Okla
homa Law, and the advocacy Of s1ch 3
Law by Lyman J. Gage and other prominent
finAneiers, proceeded 10 quote statistics 70
subs1EutiRts his GAINS that a guaranty
law would be q good thkng. He SAID TIA
al the beginning q 1s6 there were thirteen
banks in Lincoln. at the close Of the year
there were but two. and that nov there Ia
on deposit IN the Lincoln banks hi E.Ba.-
e00. The smallest deposit per capita Of any
CITY In the STATE" he SAID. This eondEiur
he cuutsnded was caused by the feeling O.
insecurity which q guaranty Aw would OBJ
viEts- The panic Of . year ago. caused b.
he fear Of the dep0s11ur ina. he c01Ic
not get MS money and by the banker tina.
the dep0si11r would want Il, cost ths
country IN q check on business The sun
Of Eu8. BS3 .B0G. he EEasd- over N,58.BS VA
lost by osposit0rs an failed Sznks In 1su
He closed By declaring LhRI the ind-v4au-
dspOslL0r should have q guaranty ne sam.
as have federal. state. county and mun-cr
pa governments
NsEEuve Has an InntnE.
SiEuTd Harmon Ihen followed 1OT Lhs neE
alive. Omaha and declared tuEI 3 EuAIEnls
law W0uld nOt prevent panicE he Gales
attention 10 the fact thai the proposition
Is not new, but that New YORK passed 4
Guaranty IAN II IgZN. which TeEulted 4
failures twelve years lEusT Win q defcli
Of over u0B6.e50 in il guaranty fundi ma
Vermont passed q Eiular Law IN AK, EhioL
also reEulted IN failure with LEirry-niDs
banks gone 70 The wall ana a deficit q
500 90. and thai Michigan passed q EimlEi
law n lisa which lasted but three years
during which time t0rry-rWo banks failed
only ak Of which reupensd He declared
he proposition 70 be imprBcncEble bscA1s'
II would not prevent pRnlcE which arr
caused by rsEh speculation, human diB
trust, tnelEEuc currency or natural cause
such as pesClenne CT Wal
Nem Bates who also spoke later for Lin
coin IL reburtEI. was the next speaker. r,
stated that he ala not EdVOcEts that thl
law would Immediately E1op pEnicE. bu'
thai Il would lessen them and thai he dt
not GcFoczts M oklAhona Law A. q IA