Omaha daily bee., 1909-03-05
OREGON PLAN AND GUARANTY.

Tekamah Journal: The Nebraska legisla-
ture. from a democratic standpoint u
ready to wish Bryan and his bank guar
entee plank we're out Of existence. Ihere
Is many a democrat scratching his neeo
and thinking just what IL were best 10 40
in the matter
Nebraska city Press: During the last
campaign we we're treated to long discourses
telling how simple and easy It would De
to guarantee the bank deposits and now
quickly such a law would be enacted when
the democratic legislature got into power
Patiently have we waited this Ions time
and the members seem to rave tounu
out that simple and easy does not apply
to this question at all. Great hnsncrai
takers seem to be small finanelal III"
makers.
Tecumseh Journal: Every democrat'o
member Of the legislature knows just wha'
kind Of guaranty law was promised IN the
last campaign. 1t Is up 20 the lawmakers
now 10 do that which was promised ana
stop higeiing and hsgglins over the fringe
so to speak. This main thing is to make .
limited annual assessment to create g rune
to make good any losses by failed banks
1t is a simple business proposition rhe
fine work is by those who are. in fact OPP
posed to such a law.
Grand Island Independent: To oppose the
oregon plan Of electing United States SEN
ators at this time In order to provide a
better method by way OF a constitutional
amendment is. in our humble opinion. to
oppose the direct election OF United states
senator entirely. II the argument is sin
cerely offered, the men making II are, we
confidently assert, making a mistake. Moth
tn0 will hiring sahnut constitutional
amendment as quickly as the election OF a
United States senate as nearly by popular
vote as possible.
Kearney Hub: A few republican newspa-
pers endorse the Oregon plan for the cleo
tion of United states senators. Their APP
prevail Is misplaced. II is not at all a fair
test OF the proposition to elect senators by
direct vote OF the people. II is intended
solely to help out democratic minorities in
republican states of the north. But how
far does any advocate of the system think
1t will work-as It worked in Oregon-in
most any one Of the southern states? II
is a democratic confidence game pure and
simple, Just as the open primary for the
nomination of partisan candidates Is put
up purely to serve a democratic partisan
purpose.
Beatrice Express: The Oregon plan OF
electing United States senator's passed the
senate yesterday on a strict party vote.
Thus every democrat voted for 1t and every
republican against II. II there were any
possibility that the measure contained real
merit and absolute fairness to ali political
parties II would look as though a few re-
publlcans would have voted for It. Truth
is, 1t opens the way for defeating the
choice of a party leader for United States
senator. who represents the popular polit-
zeal belief of a state. II might not work,
as 1t did In Oregon. but there would be a
chance for It and that is evidently the in.
%tention.
Pawnee Republican: After seven weeks
of strenuous effort and the final employ
ment of a $500 lawyer, the banking COM
nittee has finally formulated a bill for
the guarantee of bank deposits and intro
duced 1t In the house on the day of Mr..
BryanNs address to the joint session. While
many democrats assert that the bill is not
what they want they reluctantly admit
that 1t is the best they can do. 1t collects
a guarantee fund OF / per cent of the gross
deposits of the banks. leaves the guarantee
In the banks from which II Is raised and
provides for practically immediate pay
ment of the deposltoTs Of the failed bank.
The measure is admitted privately by
many we'll informed democratic members
to be decidedly inferior to the bill intro
duced into the senate by Myers of Rock
county, but bearing the democratic brand
will no doubt take precedence over the
Myers bill. II the bill becomes a law 1t
will cost the banks OF Pawnee county
in the neighborhood of $1,000 the first
wear.