Omaha daily bee., 1909-02-18
BANK DEPOSIT GUARANTY.

Greeley Citizen: The bank guaranty law
Is to be drafted by Lawyer Albert OF Co.
lumbus at a cost OF $500 to the taxpayers
Ct the state-the first time, we believe.
that such a course was ever pursued in
Nebraska But we live to l~earn-of de.
mocrscy.
o'Nem Democrat: It is indeed strange
that Governor s~hallenberger should urge
the employment Of Judge Albert to draw
the bank guaranty bill when Arthur Mullen
gave up his law business here on purpose
to assist the governor along legal and
judicial lines. "Sumpthin's ronR."
Sterling Sun: Having failed to find a
democrat in the legislature capable and
willing to draft a suitable bank guaranty
Of deposit bill, the democratic members
have found a place for $500 more of the
peoples money and made another place at
the pie counter for a democrat by offering
that amount to Judge Albert OF Columbus
to draft a bill.
st. Paul Republican; II the bank suaran-
tee law causes 30, much trouble in the
state. where the democrats have such a
brutal majority, what kind of a chance
de you suppose II would run in the ma
tional congress, where the senate would
have been republican no matter what the
result Of the last election WASP And there
are those who do not believe that this piece
Of sophistry was for the mere purpose of
catching votes.
Ainsworth Star-Journal: The present
legislature has an elephant on it's hands
the enactment OF a satisfactory bank
guaranty law. The barking committees
~ h1th Ao,.. L... ~,.nat.a -taL A..
problem and publicly announced that It is
too much for them and Attorney Albert
Of Columbus has been Ell gagged to prepare
a bill. 1t is understood that he Is to be
paid a fee of saOo--just the sum that a
member of the legislature gets for his
services.
Wahoo Wasp: Al the democratic poll
ticians seemed to know all about a bank
guarantee law before election. but when II
came TO the practical work OF preparing a
law that would be acceptable to the people
they acknowledged their inability to pre-
pare such a law and voted ar appropriation
of 1900 for a olum lawyer to go 10
Lincoln and help them out. There must be
something the matter with the judiciary
committees Of the legislature II an at
torney on that committee could not be
found to draft a law so simple that 1t would
rot be help up by the state supreme
court.
West Point Republican: During the
recent campaign 1t was plain to be seen
that every democratic spellbinder knew all
about making bank guaranty deposit laws,
In fact, it seemed to be as easy for them
as rolling off a log. Now, after six weeks
Of "rasseling'' with that matter, the con-
fused legislators have called in a Columbus
lawyer to frame up a law and will give
him 800 plunks for the job. Even the
Peerless had given up the job and had
taken a hiloe for the tall timber, Texas,
or some other congenial seaport-anythlng
to get away from that hungry horde Of pie,
biters.
Papillion Republican; The most danger
Gus thing that can be done In the world
of finance 10 to put the banks into politics.
That is what you do when you pass q law
similar to the one in Oklahoma placing the
banks upon a parity and giving to the state
an active part In the affairs of the financial
institutions. The biggest bank failures In
recent years have been those Of political
bankers" men who have permitted politics
to command a part OF their attention when
all of 1t should have been given 20 their
business. The Oklahoma bank guaranty
plan puts every banker into politics ami
that is sbut as dangerous a condition as
one can imagine.