The Norfolk weekly news-journal. (Norfolk, Neb.) 1900-19??, 1909-03-26
BANK BILL U2
To GOVERNOR
House COnCurS in Senate Amend
mentS TO Measure.
RATIFIES ALL The CHANGES.
Bartos Bill Limiting Dividends OF
Stockholders Recommended for Pas.
saee-Diers' Garnishee Measure 10
Passed by Senate.

saee-Diers' Garnishee Measure 10
Passed by Senate.
Lincoln, March 23.-The house con
Cured in the senate amendments to
the bank deposit guaranty bill, which
has the effect of passing it, and ii
now goes to the governor. 1t was one
of the bills in which w. j. Bryan took
a personal interest and has been
source of extended debate throughout
the session of the legislature, now
nearing a close. In addition to provid
ing for the guaranteeing of deposits.
1t makes important changes in the
banking laws of the state.
Representative Taylor Of Custer
county was the only member to make
serious objection to a concurrence in
the senate amendments to the bank
guaranty bill. He objected to max.
ing the initial levy one instead of one.
half of l per cent. He declared the
tearing down of the bill was done in
the interest of national banks" and
said it had been $50 trimmed down
that national banks will have no edge
over state banks" Graf of Cunning,
who reported the bill, was the princi
pal speaker to oppose Taylor.
When Graft finally moved that the
senate amendments be concurred in,
the motion was adopted by a vote of
SO to AZ.
The bank bill formed the chief
source of interest in both branches
and number of senators were on the
house floor during the deliberations
over the amendments. The measure
will be in Governor Shallenberger's
hands today and probably will be
signed by him without further ado.
Limit Dividends Of Stockholders.
In the senate bill was recommend.
ed for passage which prevents stock.
holders in stock life insurance com.
panies accepting more than per cent
dividends, or bonuses in lieu thereof.
Senator Bartos of Saline county
fathered the bill, for which he made
strong fight. He cited figures to
show conditions that had been up
earthed in large life insurance com.
panies and was able to carry his point.
The bill will probably be before the
senate for passage before the week
ends.
Senator Diers' bill providing for the
lowering of the exemption of wages
from garnishee proceedings from 80
per cent to rs per cent was passed by
the senate by vote of q to 8. How.
ever, the bill as amended provides
that no ones wages shall be subject
to these proceedings except for debts
contracted for the necessities of life.
The senate committee of the whole
recommended for passage the bill to
prohibit merchants using trading
stamps or premiums of any kind as
an inducement to trade A fine of
from $25 to 500 is fixed for violation
thereof. &C.,
Appropriation Bills.
A number OF the appropriation bills
were placed on the general file of the
senate on recommendation of the
finance, ways and means committee.
The bills provided for appropriations
of $4,000 for a building at the feeble
minded institute at Beatrice $4,000
for Improvement in the state fish
hatcheries at South Bend, and $4,000
for improving the same in Cherry
county; $4,000 for library at Peru;
$4,000 for wing to chapel and gym
nasium at Kearney normal; $4,000
for weak school districts