Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1908-12-10
MORE JOBS FOR DEMOCRATS
Plan to Legislate Present Bank
Examiner Out of Office.
DRAFT OF BANK GUARANTY LAW
GOvernOr-elect ShaIlenberger Pro-
poses TO Have inaugural Ball with
stan of Both Governors
Present.
CFrom a staff correspondent.)

LINCOLN, Dec. 9.-(Special. )-Republi-
can bank examiners who are now holding
down jobs will, in all possibility. have to
give way to democrats after the legis-
lature gets to grinding. Governor-elect
Shallenberger has a plan for q law
guaranteeing bank deposits which will
change the present banking board com
pletely.
Governor-elect Shallenberger plans to
draft a bill or have drafted a bill, to
guarantee bank deposits, which will not
be Objectionable 10 the department Of
banking at Washington, thereby permitting
the operation under the law of the national
banks.
The law which It is planned to enact
Will provide for limited assessment upon
each bank-that is when the assessment
is levied for year that will be the limit
OF the amount any bank will have to pay
in that year.
The law will empower the governor TO
appoint a board composed probably Of
bankers or others who are fitted for the
work 10 superintend the working or en-
forcement OF the law.
This board probably will consist OF three
members who shall serve without pay.
receiving only their expenses like the
"
ernor-elect would permit the banks TO
have a say or at least recommend some
OF the bank examiners, for he believes as
each bank viii be responsible in case Of a
failure, the banks should have something
to say in the matter Of getting competent
examiners.
zone of the objections raised by the de-
partment at Washington against permit
| ting the national banks TO operate under
the guaranty law" said the governor-elect
'is because under the Oklahoma law there
/ is no limit TO the assessment which might
be made against the banks. / have talked
/ to the national bankers and believe from
what they tell me this objection will be
/ eliminated by fixing the amount Of the
! levy specifically at a certain rate. Then
| each bank viii know exactly what II has
/ 10 pay 10 the guaranty fund.
II would incorporate in the law a provis-
ion empowering the governor to appoint q
banking board 10 look after the enforce
ment OF the law. am satisfied can find
plenty OF capable men who will serve ir
| this capacity without pay for the good OF
! the state. This board would have genera
control. the same as the regents exercise
over the affairs OF the State university.
The appointment OF such a board would
/ in no wise reflect on the state officers who
now compose the State Banking board. But
( looking over the number OF boards 10 which
state officers belong I am convinced there
are too many. The state officer should
have more time TO attend 10 the duties Of
| his office"
Governor shallenberger would have IN,
| levy against the banks paid in advance
and the reserve fund thus created invested
Finances of University.
The semi-snnusl financial statement O
the Board Of Regents OF the State univer
sty was filed with oGvernor Sheldon today
The report covers the period from May 3
10 November 30 ,1s0s, and IS a etaile,
statement Of the receipts and expenditure
and the condition Of the various funds O
the institution for that time
The cash receipts OF the university 10
the six months period amounted TO S5s,
OS.S6 OF this amount Ss7s7. was fEou
the sale OF text books to students: labora
tory fees amounted 10 Sl0,s13 "a; matricula
ton fees 20 SSlS5; Incidental fees TO IS .ss2
dairy husbandry department sales. s41O2 81
agricultural school incidentals fees. H.2S
diploma fees. s.4So; home economic de
partment house fees (dormitOry). uCes Or
tuition and other fees IN Law college, A.al
! fGontin,,sd on T.n,rd D.. A