Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-03-21
Nebraska
BANKS ASKING FOR RELIEF
Legislature spars for Bank Guarantee
Compromise.
ASSESSMENTS TO BE RENTED
ArEuments MADE for n RetrinI OF the
Case Against Mrs. shevalier-Lin-
coInt Business Men Organizing
Campaign.

LINCOLN. Neb. March 2o-ppeciaI f,
Telegrsm)--m abe banking board will
agree to relieve the banks u Nebraska
from payment Of past assessments under
the guaranty law during the time Of the
litigation oyer It, II Is probable that the ,
legislature will pass no bill amending the
enactment Of he two years ago. The
board Will holo meeting within a day
or two 70 decide this point. Speaker Kuhl
Of the house conferred Saturday with
Attorney General Martin in regard to the
proposed action.
Had the bank guaranty law not been
suspended by injunction from the federal
court. four assessments would have been
collected by this time Each OF these as
sessments. under the law, would have
amounted 10 one-fourth Of per cent on
the deposits and the total ACQUIRED TO this
time would have been in the neighborhood
Of $4,000 The question is whether the
banking board will consent to have the
state deefer these assessments by start
ing in next July and building up the guar
anty fund from that time. without at
tempting to collect those past due.
Speaker Kuhl and other democratic
leaders IN the legislature as we'll as Chair
man Byrnes OF the democratic state COM
mittee. Arthur Mullen and other party
leaders. do not want the law amended
for fear II will open up new questions
on which the banks might renew their
assault upon the statute This Is the rea-
son assurances have been sought from the
state banking board as to what Il would
agree to do.
The principal objection is that under
the bank guaranty law as II now stands
only one assessment amounting TO one
fourth Of per cent can be made. This
Is authorized to be made within sixty
days after the act takes effect subse-
duent to that time, the assessments are
fixed seni-annually at one-twentieth of
per cent or one-tenth Of l per cent a
year.
Revenue available for the building up
of the guaranty fund would, therefore,
be; First assessment, one-fourth of
$4,000 each. At-this rate. it would take
seven and one-half years to accumulate
fund equal 70 what the banks owe at
the present time. whose payment they
seek to have cancelled.
Bills introduced in both the house and
senate are pending at the present time to
relieve the banks Of the past obligations.
and granting them some additional con-
osssions.
Pleading for New Trial.
Attorney Charles o. whedon argued at
some length Monday morning in the dis
tIict court before Judge Albert j. Cornish
in the case OF the state against Alpha NJ.
Shevalier in behalf of the motion for a
new trial.
Two principal grounds Of error were as
signed by Mr.. whedon He asserted as
before the trial Of the case that it should
be dismissed before the jury was empan-
eled inaspaneh ~ AZ had nat -beent taken up
for trial 9within three terms OF the court
according TO the, statutory provision in
criminal matters. Mr.. Whedon quoted from
the record 70 show that four terms elapsed
before the case came to trial and urged
that the delay was not occasioned by any
request from the defendant
He cited cases In Indiana where the same
provision exists to show that Mrs. Sheva-
lier was entitled 10 her liberty from the
charge Of perjury. He further contended
that Judge Cornish had maGp adverse
rulings IN receiving the testimony Of At
torney Il. c. Strobe and II. f. Rose. He
asked for a new trial
Theimatter was taken under ad7isement
by the court.
business Men Organize.
There was an air Of businesslilIe activity
at the headquarters of the Business Men,
association In the Press building Monday
morning. Secretary Dawson and his assist
ants are busy getting the organization
welded together for work on primary day
The changes in municipal policy advo
Gated BY the business men is to be pu
squarely before the voters OF Lincoln. Sec
rotary Dawson is having a large numbe
of copies OF the platform adopted at tn
merchants dinner prepared and Il is tn
Intention to NAH a copy to every vote
that can be reached.
e"rhe platform outlines exactly what tn
business men are contending for" sal
Mr. Dawson, and we want every voter L
read II. The issues are clearly drawn an
the platform Is to be given the wides
publicity"
Mr. Dawson is arranging to have larg
cardboard photographs showing the fou
candidates OF the merchants associa tior
a, II. Armstrong, Harry Porter, W. I
INLAND and w. A. Halves. These photo
graphs will be placed in store windows an
other conspicuous places in Lincoln. Tn
photographs OF the four candidates wi
be on one card.