Omaha daily bee., 1911-03-26
TIRE OF THE GUARANTY LAW
Oklahoma Bankers Go to Comptroller
Murray with Complaints.
WANT TO GET RID OF STATE BANKS
Department Flooded with ApPlicn-
lions 60 Convert Into Nationals
In order 20 seeurs better Pro-
lection for stoekhoIdsrs.
(From a staff Correspondent }

From a staff Correspondent
! WASHINGTON, March 2h-(speciai Tel
eersm.)-A stampede Of Oklahoma state
bankers TO get out from under the provi-
sions Of the Oklahoma state guarantee law
is in evidence. The office Of Comptroller
OF Currency Murray is flooded with appn-
cations Of those who are DESTROYS Of con
verting their institutions into national
/ banks
The guaranty law went into effect in Ok.
lahoma October /, 1905. In 1908 only one
state bank was converted to the national
system; in 1909, three; IN 1910 seven. Thus
far In 1911 there have been eighteen con-
versions and during the last three months
applications for conversion have numbered
between seventy-tive and 100. about sixty
| five Of them coming m within the last
thirty days. Action on nearly all OF these
is yet to be taken.
we are tired OF the guaranty law" is
the burden Of the song OF the bankers
whose applications are on file. One
banker writes that his net losses within a
term Of years aggregated t217. One assess
ment alone under the guaranty law TO
protect depositors mulcted him nearly ten
times that amount.
The guaranty law is too expensive" one
writer says. The banking board has lust
levied against him an assessment Of per
cent on his average deposits for last year.
amounting TO more than $1,000 Such ex-
pressions as I'VE have had enough Of
guaranty law I'VE are Disguised with
guaranty law" 1--WE have no faith IN
guaranty plan" The law is too expen-
sive and altogether unjust" are OF fire.
auent occurrence.
In nearly every case applicants demand
that the bureau take hurried action" The
bankers Of the state are harassed by the
rumor that another assessment IL in i'm
mediate prospect and they desire con-
version in time to avoid 1t. Their com
plant is that the law operates into the
hands Of speculative bankers at the ex
pense Of conservative. Their argument is
altogether in line with one advanced by
William Howard Taft during the last pres
idential campaign.
kinkaid starts for Home.
Congressman Kinkaid left for his home
IN Nebraska today, having cleared up a
number OF departmental matters which
have detained him since the adjournment
OF the regular session. He was gratifled
to secure, finally, relief asked by the
North Platte Water Users association for
the further extension of time TO make
water right payments.
An order was signed yesterday by Acting
Secretary of the Interior Pierce virtually
granting the relief recently proposed by
the water users themselves The effect of
this order is OF great Importance to many
water users on the North Platte. Neb.
project, as 1t comes just in time to prevent
forfeiture of their claims, thereby re-
ievne some Of them OF the necessity of
selling their ACCOMPLISHMENTS at a great
sacrifice.
The following letter from Acting Score
tary Pierce to Congressman Kinkaid Is
self-explanatory:
Referring to your letters and personal
interview with the secretary, directed to
obtaining modification Of existing require
ments IS to payment Of charges upon the
North Platte reclamation project. havA
to advise you that by public notice APP
proved March a. 1911, existing orders were
modified 30 as to permit water users who
have heretofore made payments on account
Of the construction charges to obtain water
for the season Of 1911 upon the payment
Of % cents per acre Of the operation and
maintenance charges on or before June Is,
1911, and the payment Of the remaining
DbpEAttou anu maintenance charges OF 81
on or before December l. 1st1 those water
users who have heretofore made no pay
ment Of building charges are required In
addition to the foregoing to make a pay
ment Of not less than 80 cents per acre on
account of the building charge on or be-
fore March 81. 1911"
Railway Mail Clerks Named.
Joseph J. Riordan, Pierce; Charles p.
Whitman, Finley; Clark Wiseman, Cozad;
George s. schwab, Clay Center; Gustaf E.
Miller, strattOn; Carl J. Vebsey, Neigh;
Ivan ]. Norberg, sumner; w. ]. Kahowski,
Omaha; leigh F. Burwell, Inland; Leroy
savell. RalstOn; Vern CAtterson, sutton;
Paul J. Wilson. Bloomfield; s. w Nc
Kinley, Homer; l.. Alva Grub. Lakeside;
L. H. Burnite, >WGhoo, Neb., all appointed
railway mail CLERKS.
The c. w. Hull company Of Omaha today
filed a complain with the Interstate Com
merce commission against the Missouri
Pacific and Chicago, Milwaukee & st. Paul
railroads, alleging unjust and unreasonable
charges upon the shipment Of one carload
OF brick from Altoona 10 Wesley Ia
Reparation is demanded on these shipments
to amount of Sl6&