Omaha daily bee., 1909-10-27
DEPOSIT GUARANTY.

Neigh Leader: The guarantee bank law
passed by the late democratic legislature
has been knocked out by the federal court
It was found faulty in several particulars.
Through various decisions, about all the
legislation passed by the democrats has
been declared void. on the contrary all
the reform measures passed by the pre-
ceding republican legislature have been
held good. 1t makes a whole lot Of diff
ference what kind OF men you elect to
represent your interests at Lincoln.
Tekamah Journal: The federal courts
have decided that the bank guaranty law
enacted by the late democratic legislature
was unconstitutional for two main reasons
one that it took property from one indl-
vidual to enrich another withou due process
Of law and without any equitable reason
for It. Second, hat it abridged the rights
Of citizenship In that It prevented every
one from engaging In the banking business
unless 1t should incorporate. We very
much doubt IL the scheme will ever be
revived. 1t was a good campaign argu-
ment, but in many ways void Of reason
and good judgment.
Ashland Gazette: Alas! Alasl Another
of the enactments of a great reform Iegis-
~lature has gone gllmmering in the courts.
Nebraska's bank guarantee law has fallen.
1t has been held that you can not make an
honest man pay a scoundrel's debts and
you can not compel a competent man to
make up for the delinquencies of the in
competent man-that is, not yet. Possibly
a scheme will be devised by which those
ends may be attained, but the statesmen
haven't got onto the combination. Some Of
the politicians are almost distracted over
it, and like Herr Most and Emma Gold
man, they want to abolish the courts. That
may come, but not yet,
Grand Island Independent: DR.. p. l..
Hall, of Lincoln, a banker who is also a
prominent democratic politician, in COM
menting on the decision Of the federal
court finding Nebraska's bank guaranty
law unconstitutional, admits that the prop
osition from its inception contained pro-
visions which prejudiced the more con-
sentative and declares that these provi-
sions were the peremptory emergency tax
and the tendency to create dollhouse bank
ing" Which comment brings to mind the
fact that in the recent Oklahoma bank
failure case the inside Information bank
ers are more likely to nave than others, is
to the effect, that the Oklahoma bank
which failed, so failed mainly because of
over specuIation-a lack Of conservatism
like to be found when responsibility Is
shifted upon others. Oklahoma reports
as to the cause of this failure have been
noticeably meager.
Fairbury News: 1t was in very bad
taste for Governor Shallenberger to pub
fish an article reflecting upon the integ-
rity Of the supreme court of the state.
Such sentiments are to be deplored when
they come from private citizens, but their
influence for bad is multiplied when they
emanate from the chief executive of a
great state, and his friends are disap-
pointed and chagrined that he should
have been guilty of such an undignified
procedure. The attack was unfair and ILL
timed. The governor was forewarned Of
the dangers that assailed his party's pet
measure before it passed the Legislature
last fall, and the fact that he did nothing
to correct 1t or to obliterate the objec-
tionable features, has occasioned a we'll
grounded belief in the minds of many that
deep down in his heart the governor is
not shedding any tears over its demise.
The governor is something of a politician.
Osceola Record: AS a matter of fact
the governor was wiling to take any old
law that the democratic legislature might
hand up In the bank matter. The legis-
lature could not possibly make any mis-
takes. 1t was composed in part by such
samples Of political purity and integrity
as Howell and Ransom, and, Of course,
could make no mistakes. Governor Shall
lenberger himself nullified one Of the acts
of this bunch Of political paragons, when
they passed the Crook saloon bill, but
then the governor knows more about law
than a federal judge. Sure thing. He
could reverse one Of the acts of that body,
but the federal court could not do any
thing Of the kind without being over par
tisan, you know. That the legislature was
above the mere possibility Of making any
error in this bank law, is shown by the
+fact that they employed outside talent and
paid extra money to have the job done.