Omaha daily bee., 1909-03-02
Taylor of Custer Only One Who is
Able to Break the Rule.
LALF OF BILL GONE THROUGH
Further Consideration to Be Given it
on Wednesday.
RETAINS POWER
Efforts to Have Remainder of Bank
ing Board share In AppoInt-
ments Fails TO Secure
Enough votes,

From a staff Corrospondent)
LINCOLN March 1.-(SpeciaL) 1.-The dem
ocratiC majority I'm the house this after
noon. In committee of the whole put the
steam roller to work in the interest OF the
banking bill. one half of the measure was
read and then, on motion of Graft of Cum
ing, chairman OF the banking committee, It
was made a special order for Wednesday
morning
Numerous amendments were offered, but
unless made by the banking committee,
save In one or two Instances, they fell by
the waysde.
one instance wherein the banking COM
mittee did not offer the amendment adopted
was in the case where Taylor OF Custer Sc
cured change from the provision that the
chairman of the Banking board, the gov
ernor, had the right to designate where the
banks should deposit their reserve funds
not kept in their own vaults
Killen of Gage moved to strike out this.
| and in his talk he called the attention of
| the members TO the enormous power 1t
would give the governor to have control
| of the reserve funds Of all the banks.
IF the governor has looked into that Sec
| tion and approves 1t he certainly Is not
! honest" said KiIlen in his talk regarding
the seriousness of placing such power in
| one mans hands.
! Taylor OF Custer then moved to amend
the section by providing that the money
should be deposited in those repositories
approved by the State Banking board. This
motion carried Kilen agreeing to IT,
| killen, Nettleton, Brown OF Lancaster and
Chase of Dawes, tried to get the bill
amended so that the other meulbers OF the
banking board beside the governor would
not be mere figure heads They were voted
down. They tried TO get the bill amended
so that the board should call for reports
on banks in place Of the governor. but they
failed.
When section 6, providing that the gov
ernor shall appoint the secretary Of the
banking board reached, Brown Of
Lancaster moved to insert the word BANK
ing board instead Of governor. Speaker
Pool secured recognition from Chairman
Kuhl:
| Il move that the motion be laid on the
table" said the speaker. Chairman Kuhl
ruled the motion out of order and then II
was voted down. Killen offered an amend
ment providing that the banking board
shall have authority to approve the APP
pointment OF the secretary made by the
board:
Il move the amendment be laid on the
table," again said the speaker. and again
Kuhl had to rule his motion out or order
for it is against the rules to table a motion
in the committee OF the whole.
Taylor of York offered an amendment to
the section, which provides that the ex-
amner may go outside of the bank ana
investigate securities amounting to 10 per
cent of the loans. Taylor asked that this
be increased to 75 per cent. His motion was
promptly voted down.
Taylor of Custer secured the adoption of
a motion, which provided that stockholders
OF bank must have, subject to execution
property other than bank stock. equal to
twice the amount of the value of the bank
stock
In one Of his talks Chase of Dawes said
the legislature was taking a grave responsi-
bility in placing the governor of the state
at the head of all the banks. lie compli-
mented Governor Shalenberger as q good
man and a good banker. but he said, no
one knew what kind of a successor he
would have. But his speech had no effect.
When Bowman moved the bill be made
a special order for Wednesday morning
there was some objection until It was ex-
planned that several OF the members de-
sired to be away tomorrow. When the vote
was taken the voices were so few and low
that the speaker had to ask the members
/. if they were afraid TO vote. He insisted
then on a rising vote and the motion car
ried with "A recorded In the affirmative
When the house had listened to the re-
ports of standing committees right after
1t convened this afternoon. Kuhl moved
p to go into committee OF the whole for ths
discussion of the banking bill. Several Of
t the republicans objected to the measure
, being rushed through. but they we're out
voted.
: Linch Denies Presence.
w. B. Linch objected to having been
, named as one Of the insurance lobby lists
, who were on the floor of the house last
, Friday working against the Nettleton bill
: Mr.. Linch said this morning he was not
, on the floor of the house and neither did
ne have any interest In the bill or object
} of its passage. Instead of being on ths
} floor of the house Friday, Mr.. LAnch said
he was in South Omaha, which would nat
E urally made It impossible for him to be in
I Lincoln at the same time. AS seceral par
ties claim to have recognized Mr. Linch
on the floor Friday. it is very evident Mr..
Llnch has been the victim Of mistaken
identity.
y An insurance man named thinner. who
y is interested in some kind Of insurance leg
- islation. is making himself conspicuous
> around tho legislature and today, he
: camped on a comfortable seat in the amen
: corner Of the house. Under the resolution
by stoecker OF Douglas county, any lobby
ist who comes inside the railing Of the
. house is subject to foroable eJectment. But
thinner seems not to have been bothered
by any one. There is no question but what
| he has discussed insurance legislation with
!, members. aside from appearing before com
| mittees. THIS Is direct violation of the
anti-lobby law. but il is evident this anti
lobby law has become a dead letter.
= ! Legislative Reference Controversy