Omaha daily bee., 1909-01-19
ROUTINE PROCEEDINGS OF SENATE
VOIpp Introduces His Bank Guaranty
Bill.
(From a Staff Correspondent.)

(From a Staff Correspondent.)
LINCOLN. Jan. 1S.-CSpecial.)-The Volpp
banking bill was introduced today by the
Dodge county members OF the upper house.
It provides, as was indicated previously in
The Bee, for a voluntary guaranty system
which may be accepted by any state bank
desiring to do so and provides for payment
OF losses In thirty days. giving a suitable
time for the checking up of banks before
the state steps in and makes the reimburse
ment to depositors. The governor is made
comptroller of banks and he appoints three
assistants. one of whom is a citizen of ten
years residence in Nebraska and the others
are bankers. They draw pay at S a day.
A secretary Of the board draws 5000 a
| year.
The minimum limit on capital stock OF
| banks is fixed as follows: In cities up to
500 population, $l5, 900; up to 1000, $4,000; up
1000, $4,000; up to 100. 1000; and over 1901 600,
to 200, $1,000; up to 5000, $4,000; up to
100000.
The depositors protective fund is raised
b a tax Of one-fourth OF 1 per cent semi
annually until It reaches 1 per cent of the
deposits. The none yis to be reinvested
in the banks and draws interest, this going
into the banking expense fund, which
Senator Volpp thinks will pay the expenses
Of the banking department eventually.
The following bills were introduced:
S. F.. 81, by Laverty Of Saunders-For
the Improvement OF public highways of the
state by making provisions for the pay
ment of such improvement Jointly under
certain conditions by the state, the county
and by special assessment on fronting real
estate.
S. F. Ga, by Randall OF MadiEon-To pro-
vide that women may vote at all municipal
g. F. SO. by Randall OF Madison-Amends
law relating TO vacation OF streets in VII
lagos for public purposes.
s. F. "a, by Randall of Madison-Giving
70 a party m action, or to his attorney
growing out Of or connected with an action.
commenced, pending or prosecuted by him
In any of the courts of this state, shall
be published, whereby the statute such
summons, notice or process Is required to
be published.
8. F.. IS, by WiItse of Cedar-To provide
that any cofmon carrier operating within
the state shall adjust and pay all claims
for loss or damage to property, OF over
charge for freight, within sixty days after
state shipments and ninety days for inter-
state.
s. F.. s6, by Randall Of Msdison-Raises
salary of secretary of stated board of equal
ization from $1,000 to $500 a year.
s. F. 81. by Randall Of Madison-Provides
figuring taxes no farther than tenths of a
cent on tax books.
chanics lien law.
S. f. 90, by Laverty OF Saunders-To
provide for the improvement OF public high
ways OF the state, providing for the placing
of certain duties concerning the same I'M
der the supervision Of the State Board of
Irrigation and hat said board for such
purposes shall be styled the state Board OF
Highway Commissioners.
s. F. 100. by Donohoe OF Holt-Amends
primary and election law TO provide for
nonpartisAn judiciary and school officers.
S. f. lOl. by Tanner Of Douglss-South
Omaha charter.
IS r. l02- by. Tanner OF Douglas-To pro-
vide for the erection Of a capitol building