The Norfolk weekly news-journal. (Norfolk, Neb.) 1900-19??, 1908-05-01
BANKERS HOLD BANQUET
DELIGHTFUL END OF A MOST sue
cEssFuL SESSION.
, GOVERNOR SHELDON SPEAKS
The Governor Spoke on Savings Banks,
Favoring Private Savings Banks to
Postal Savings Banks -- Seymour
Made a Great POSTMASTER.

Postal Savings Banks - Seymour
Made a Great Toastmaster.
Governor George l.. Sheldon OF Ne.
braslla was the principal speaker at a
banQuet given last evening In Mar.
uuardt hall, bringing to a close the an.
nual convention of the Northeast Ne.
brasla Bankers association. The gov
.ernor arrived on the eveningtraln from
Fremont, where he had spoken to n
Bankers convention in the afternoon.
when he entered the banquet hall he
was greeted by tremendous applause,
The guests rising to welcome him.
Savings Banks" was the topic as
signed the governor. He declared in
favor of state savings banks, operated
by private bankers, rather than postal
savings banks which would collect the
mites of the laboring classes. concen-
irate these funds in Washington and
then loan them out to the commercial
banks. The banks should support the
government not the government the
banks.
Would Separate the Two Banks.
Governor Sheldon would separate
Ghe commercial bank from the bank
paying interest on time deposits.
This, he thought, would help in times
of financial stress, because it is the
time deposit that is withdrawn from
the bank first in times of distress.
the commercial deposits, made by
business men who are not anxious to
be pressed themselves for money they
are borrowing, are unmolested. Toast
master Seymour confirmed this state
ment from his own experience in bank
ing.
The governor would allow savings
banks in every town, operated by Off
,2ers of commercial banks, under sep
arate organizations.
Would Remove Mortgage Tax.
The governor spoke for the resident
mortgage owner who Is disseminated
against by state law in favor of the
nonresident mortgage owner 1--WE al
low the nonresident mortgage owner
TO go free from tax but tax the resi-
dent mortgage holder. We ought not
TO thus drive capital needed here, out
of our own state"
The governor said that if we had
the right kind of currency we wouldn't
need emergency" currency. He de
plored the fact that every time one
section of the country needed cur
rency. it panied another section. Ra-
ther than emergency currency on mu-
ncipal bonds, he would have a cur
rency based upon the commodities of
exchange, for currency, after all, is
merely a medium of exchange.
Raps Congress.
Congressman who wait to act until
the people have made up their minds,
received a gentle rapping at the gov
errors hands. He said that it was the
duty of congressman and senators to
solve these problems of statecraft;
they ought not wait till they see the
handwriting on the wall
The governor highly complimented
Norfolk and particularly the ladies of
the Ladies Guild of Trinity church,
who served the banquet. He thanked
the bankers for the invitation to be
here. expressed enjoyment in his visit
to Norfolk always and said he had
greatly enjoyed the banquet He took
occasion to pay strong compliments
to Senator Randall and Representative
Tom Anderson who were in the legisla-
ture from this county last year. Both
were efficient and tireless he de-
.Clared.
It was banquet beautiful. The hall
was decorated in a remarkably pretty
way, green and pink predominating.
The ceiling was green with artificial
leaves that hung suspended from ev-
erywhere; pillars and corners and
tables were pink with real and artti-
cial carnations. A score of pretty
young women served the banquet,
course by course in unison that was
charming From behind a large cage
like screen of green came soft, sweet
strains of music throughout the even
ing, produced by Miss Fannie Norton
at the piano and julius Huff on the
violin. And the deicacies of the ban
quet rounded out the entirety of an
exceptional feast
The Banquet Beautiful.
seymour Sreat as StmdSCer.
George n. Seymour of Elgin was
great as tOastmaster. With sparkling
wit and humor that dubbed up from
an ever flowing fountain of resource
fulness, Mr.. Seymour kept the 1872 ban
queters in the best of spirits through
out the long evening, And he not only
told refreshing stories, but he liberat-
ed many surprise in arrow-shots at
those about him. He thanked the
committee for the power they gave
him. Even Governor Sheldon couldn't
talk until Seymour told him to!
Il. A. Wiltse of Fender entertained
the crowd with bright stories. His
subject was This and That" and he
used many dialects in brilliant fashion
to amuse his hearers. At the close he