Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-08-26
Nebraska
GUARANTY COVERS STATE COIN
Attorney General Martin Makes Rul-
ing on State Deposits.
no WEED on pEPosrToRY BONDS
Fund Exaeted from state Banks 20
Insure Deposits Of Patrons Also
Guarantees Funds Of state
of Nebraska.


CFrom a Staff Correspondent
HLINCoLN. Neb., Aug. 25.-(special)- ~
Il Attorney General Grant Martin has given
an opinion holding that the amended por-
lions Of the bank guaranty law repeal by
Implication that portion OF the law gov
erning the deposit Of public funds. the
effect OF the ruling being that with the
guaranty Of deposits act no bank is re-
duired to give bonds for the deposit Of
state funds. In the future then the funds
of the state will be secured In exactly the
same manner as those OF private deposi-
tors. With the 100000 state funs now on
deposit in various banks over the state the
opinion contemplates the securing OF s6s,-
Eases. 70 deposits by fund OF si63, 6S3s2.
=. When the assessment was made on the
banks Of the state for the depositors' fund
no provision was made for including In the
average daily deposits moneys designated
as otherwise secured" AS all OF the
ts.o0e,oo0 Of state funds was secured at that
time by fidelity bonds none OF the banks
was assessed for these amounts on deposit
in their institutions
State Treasurer George has maintained
that the banks should not be released from
. this fidelity bond given for the protection
Of such state funds as they had on deposit
When these bonds expire therefore the
attorney generals opinion would indicate
that they would no longer be forced to
take such steps. and on the. other hand
win be subjected to an inclusion OF state
funds in their reports OF average daily
deposits"
Attorney General Martins opinion is
written in response TO an inquiry from
George Hall OF Franklin, last fall candi-
date for the state treasurership on the
democratio ticket
HavelOcI< shops Thrown Open.
Havelock people and the Burlington rail-
road are staging two days gala day per-
Torrance at which the railroad shops, the
largest OF any company west OF the Mis-
souri, river were thrown open for the in
spsetion OF the visitors. For the arnuse-
r4nent of the people a regular carnival Is in
hrogress and balloon ascensions and street
shorts comprise the attractions ybage,P
sorts comlete the attractions being vt on at
the shop city.
CIairvOyants Must Pay.
Clarivoyants mind readers and suggesters
OF things to come are confronted with
proposition at the present time here which
does not make them feel at all jubiliant.
Tia city authorities in their desire to go
Hter the seers have heretofore neglected
touch upon this ordinance are on the
~erge OF a campaign, which IL is said
hey will wage on these people. The license
flee, which is $3.50 for each week or frac-
ftion thereof. lie considered steep by the
palmists. ct cetera, and, although but two
have bee ncalled upon to dig up, others OF
the twenty-five or more who are said to be
operating here viii be called TO time by the
police department. 1t 10 said
Board stilI Disasrees.
The state Board Of Public Lands and
buildings has again disagreed with the city
engineer Of Omaha in regard to the kind
OF water mains 10 be built for the state
School for the Deaf. A majority OF the
state board believes the main provided tor
by a bill that passed. the legislature should
be for the benefit OF the state and not the
owners of plated lots along the route.
Secretary of State Wait and Land Com
missioner Cowles say emphatically that
a six-inch main Is large enough for the pnr-
pose OF the state, while the city engineer
and the lot owners want an eigh-inch main.
y The difference in cost IL about $3.50.