Omaha daily bee., 1909-01-27
IMMEDIATE" PAYMENT GOES
and Governor Meet Gen,
eral Manager Monday Night.
voLPP AND GRAF YIELD POINT
Oldham of Kearney Gets Into the
Judgeship Fight.
FORCING THE ATTORNEY GENERAL
Plan Now TO Have LeRtslature
Instruct that OmcIaI to BrinE
Action Against sheldon
Appointees,
(From a staff Correspondentl }

(From a staff Correspondent)
LINCOLN, Jan &c Il tSpeciaL) )--Mr, Bryan
will dictate what goes into the bank guar
anty law the legislature passes if there is
any power left in the Nebraska democrat
TO stamp anything on the legislature.
At a meeting of statesmen" called Sc
cretly and held at the executive mansion
last night banking laws we're talked over
and the Views of the peerless leader were
given with the expectation they will he
framed into law when the two houses agree
upon a bill.
There were present at the conference w.
J. Bryan, Governor Shallenberger, T. S
Allen, Senator Volpp chairman OF the sen
ate banking committee Senator Bartos
member of the senate banking committee;
Speaker Pool Representative Graf, chair
man OF the house banking committee, and
possibly one two other senators.
The decree was that the immediate pay
ment plan must be Incorporated In the new
bill, that the tax for the guaranty fund
shall be l per cent OF the average deposits
with the provision in emergencies the total
tax in any one year shall not exceed per
cent of the deposits; that the money in
the fund shall be relnvested in the banks.
these depositlng securities for the safety of
the same. and above all that the act must
be compulsory and not voluntary as is in
corporated in the Volpp bill.
Only few favored ones were at the con-
ference with Mr.. Bryan. The list dlscloses
one or two members OF the senate who
must be whipped into line because Of their
liberal views Whether they were made to
believe the Bryan plan is satisfactory did
not appear today as they refused absolutely
to discuss the matter.
An unusual delay In the preparation of
the banking bill has been noted, but in the
rush of Other legislative duties, this has
been overlooked except by the more OBJ
serving. In the house there is ono bill.
that by Wilson OF Polk; In the senate there
are two, one by Hatfield Of Antelope. a
copy of the oklahoms law. and one by
Volpp, which at the outset represented tha
views OF the bankers, Nnlpp- being 4
banker and being supported BY the bankers
on the banking committee.
Some Bills on the way.
Already the legislature has taken care
of some of the platform pledges. To secure
physical valuation of corporate property
joint committee has been named. TO se-
cure a system of road laws q Joint com
mittee Of both house and senate Is at work
But on the bank guaranty question appar-
emily there has been a deadlock. The SEN
ate committee was known to be plugged
for the bankers and the Volpp voluntary
and deferred payment bill was supposed 10
represent their ideas. Mr. Vopp. when
he introduced the bill, was confident IL
would meet the criticisms of all the mem
bers. AS he framed II originally, II pro-
vlded for a voluntary system and the time
NJ naN far al Eel a
a bank that 1t by no means met the vi4ws
of the Immediate" payment men. Mr..
Volpp was called on the carpet by Gov
ernor shallenberger and Informed his pro-
posed bill did not meet the demands So,
beofre he introduced It, he altered It to pro.
vide for payment in thirty days after fail
ure of bank. In sixty days a % per cent
dividend is to be paid and the balance Ia
to come in a year out OF the assets OF the
bank and the guaranty fund combined. This
is even farther away on this principle than
the Volpp bill.
AT the meeting last night II waA made
known nothing short OF an immediate >
payment bill would be tolerated. And Il is
said the dictum was in such form that the
members present yielded. though Senator
Bartos ana Senator Volpp were by no
means satisfied at the outcome. The VIII
SON bill may be modified or the volpp bill
may he changed or the banking committees
OF the two houses may get together and
draft committee bill. This latter course
Is most probable, as the Bryan following
dces, not want to lend color to the suspicion
that any of the liberal measures have been
doctored up This might leave an opening
for criticism.
Today the banking members were alarmed
over the tactics of Mr.. Bryan.
None of the Douglas county members was
In attendance at the meeting and this was
regarded by them as a direct slap at their
delegation. Senator Bartos, who attended.
is ono of the bankers Of the senate ana
Representative Graf Ia one OF the house
relormers while Speaker Pool, whose power
has already been nipped by the house, may
be regarded as neutral and likely to DO
any thing that may add TO his prestige, real
or imagined.
Oldham I'm JudEeshfD Fight.
The coming Of Judge W. d. Oldham 10
take a hand in the custer of the supreme
court has led to talk that Senator Ran
som viii have the senate adopt resolu-
tion calling upon the attorney general "a
bring the quo warranto proceedings
The democrats so far have made such
a fizzle of their custer proceedings that
it is thought at last they will call upon
a competent republican attorney general
to - the business for them
The governor has the right TO request
the attorney general to bring any action
in which the state Is party and so has
the legislature. and now II the democrats
can prove that the state is party TO get
ting a job for few democrats they are
barking up the right tree at last
SOLONs HAVE DRAINAGE PROBLEM