Omaha daily bee., 1909-01-17
BANK DEPOSIT GUARANTEE.

Nebraska City Press: The Douglas
county representatives seem to be more
interested in guarantee of beer deposits
than in Mr.. Bryan's bank deposit scheme,
Lyons Mirror: We believe the new
guarantee law should embrace the i'm
mediate payment plan when a bank fails
and compulsory-that Is compelling all Of
the banks of the state to come into the
guaranty plan.
Tecumseh Journal. The only difference
of opinion on the bank guarantee law among
the democratic members of the Nebraska
Legislature Is whether the payment of de-
positors should be made Immediately after
the bank fails, or promptly, which means
ninety days. Split the difference, boys, and
make 1t forty-five days.
Fremont Tribune: Governor Shallenber-
gers message to the legislature emphasizes
the proposition to experiment with q bank
deposit law In this state. But the COVER
nor appears intent on putting control of
banking In this state wholly in the hands
OF the bankers. The people will indirectly
pay the guarantees but it will remain for
the bankers to regulate their own business
If the governors recommendations are
carried out.
Kearney Hub: Two opposing interests
in the democratic majority of the state
Legislature are divided by two small words,
viz: Prompt" and Immediate" The two
words relate to the payment of deposits
under the bank guarantee law which the
legislature expects to pass. w. J. Bryan
insists on the use of the word Immediate"
which means mighty quick. and DR.. p. l.
Hall, vice chairman OF the democratic ma.
tional committee, thinks that the word
prompt is Notwithstanding. we pre-
sumo, as quickly as possible. The Bryan
ties evidently scored In the election Of
speaker of the house In the election of
Charley Pool, whose principal opponent was
credited with belonging to the Hall fac
ton Previous to the caucus. which Sc
lected the speaker and clerk Mr.. Bryan
threw himself personally into the breach
ard may therefore be credited with a per-
sonal triumph for whatever 1t is worth.
Beatrice Democrat: The banking law
which the legislature is to pass at the
present session will be a compromise be-
tween several proposed systems. An effort
will be made to adopt the Oklahoma sys.
tenn. but there is a strong sentiment in
favor of a less radical law. The Oklahoma
law requires all state banks to contribute
to a fund from which all deposits of failed
aim 5ildA bS pdAhs 1nS OhIdLlOUlA pan
was the one that was held up before the
people during the campaign, but that was
because 1t was the only one in operation
in the country. A bill will be presented
by those who fear the Oklahoma system
providing a system by which state banks
may unite for the purpose Of guarantee
ing each others deposits. The democratic
legislature cannot refuse to pass some
kind of a banking law, after making it's
campaign on that issue, but the signs indi.
cate that It will not be a compulsory guar.
antee scheme.
st. Paul Republicans: The Republican
has received by mail three different drafts
of bills which will be introduced into the
legislature relative to the banking laws
aiming at the so-called guarantee" law
none of which is a guarantee law at all
Each one OF them provides for the pay.
ment of depositors, providing the bank:
wish them paid, or words to tina effect
From a reading OF these bills 1t is evident
that there are going to be some warn
times in regard to this troublesome ques.
ton and 1t may cause some uneaslness
The bin which seems in most OF its part,
TO be the strongest. does not provide foi
enforced tax to raise a guarantee funC
at all, leaving It at the option OF the bank
er whether he joins In the movement OF
not. This is to avoid constitutional OBJ
jections. That some kind of a banking
law will be passed is certain, but whethe
II will be a law such as was heralded from
the stump, or whether 1t will simply be al
excuse for campaign promises. remain
to be seen.