Omaha daily bee., 1911-03-08

NtMMNN ~ sMNMHAANNNF ~ - H"NNa
Tho senate sfant che morning IN COM
ialttse ~ the whole and took ~ the pri-
mary biu inifbdHC9d ~ Cordial The bill
provides q systtin If nomination by party
councils and b. petiiioh No decision vas
reached upon u and Il seems probable that
h Will be POSTPONED because the senate
has no disposition ~ Hry TO settle the
primary question.
Consider BankfhG Law.
The state banking iaW only recently de-
ciared CONSTITUTIONAL was up for discus
sidu M the senate fiiis Afternoon IN con
neetiou with McGrcws banking bin. which
wa put on general file. Senators repre-
senthR western counties argued Tor an
amendment 10 the law that would permit
the payment ~ more than Z per cent on
deposits. Senator Albert who drew the
present law. said that the question Is not
so much what bank pays az II Is the rate
n interest that h receives for loans. The
motion 10 raise the limit from 4 10 per
cent was lost
a provision IN the McGrew bill giving
the state Banking board right 20 refuse a
cpaFter when p new bank seemed I'M
necessary wss stricken oBf on an amend
msnt by Senator Varner.> senator Warner
conisnded that there should be no more
upon any other business.
senator Mc0rew amended his own bill 10
enabie the banking board TO pay back
10 hank all 81 lie share Of the state
guafanty fund ep1iquidstion. Senator Tai
colt amended ~ to compel the board 70
uNt'a year befare repayiRg back the guar
anlt fund cutffiFution II was moved 20
reconsider this after Il was passed. but
Megrew withdrew the amendment and the
hl Nas ordefud eugrossed for third read
iae a. II stood. n provides that a bank
shan receive back 70 per cent Il II liquldates
within a year after passage Of IT, act.
A Graded scale Tor paying back Is speei-
flsda dlninishing AZ time progresses after
passage % the BILL II the time Is more
Than Eve years % per cent Is the mini
mum.
Democrats Reach Agreement.
TIE CAUCUS o. the democrats Of both
houses last niaht and the meeting held by
chs senators this morninE selected tenta-
tive lat q men for the senate Sitting com
laitfee and n oils does not develop too
strong an opposition over the fact that
BE- D. left out of II the arrangement may
stand when the MATES Is officially taken
up tomorrow afternoon. oils Is out OF
towu but win returu tonight Douglas
couusy win be- theoretically satisfied by the
appointm0nt % Senator Tanner, \ strong
element iu tie REPUBLICAN party IN op-
Busfian 60 the cuumittea- as the demo
Gratis have arranged u. represented by
Aufrey smith Bartl'ng and MeGrew has
net Vet dstermined UPON rs course. These
men are fairly well satisfied with tn,
eofumlttee a. BE- NV stands but are SLOW
shout signifyine their approval for fear
fomethins may slip and another trick may
Eut them out N the cold.
Tire committee as u stands now consists
Of fIbert Haruins Tanner. Kohl Lee ana
Fticptt democrats. and smith Of Boone
Cofdeui and Parting. republicans
IRE republicans have oniv three repro
fenfFtfves out % nine but On two strong
faf secrets among the republicans VIII
were fsrued out by the squeeze play use,
By fne drva the ether DAY. are members
and 80 viii rot be- likely TO object IL d
considered probable that the committee
Ufn stand UNCHANGED A republican con
ftrencs was held tonight and n any chang
b asted for 90 wlu be TO substitute Me
Grewa name for Albert .
The house va take up the Taylor Doh
ral afock vards brl tomorrow as specia
ofirF after me senate initiative and refer
a|asaH.sHHl AN L. aE|nraraasH 81