Omaha daily bee., 1911-12-30
Nebraska
DOUGLAS COUNTY HELPS OUT
Sends in Fifty-Five Thousand Dol
lars to State Treasurer.
STATE WARRANTS TO BE PAID UP
officer VIII soon Cheek out Money
from Depository Banks in Order
60 Resume Operations Under
Guaranty Fund Law.
qsrom a staff Correspondent


LINCOLN, Dec. 29.--(Special) )-Douglas
county came to the rescue of the state
treasury today with a remittance of
k55,26e. Thomas county paid in 81 ,seS and
Valley county, Sl.S21. These payments,
with others which are expected to come
in rapidly now. and especially so after
January ]. will place Treasurer George
in position to take up all the outstand-
ing warrants of which there are at pres
ent about $4,000. &
call has been issued for all issued
previous TO December s, which will take
"up about S10S,0OO worth. Since the calls
were issued there has been taken UP one
batch OF $4,000 one Of $4,000 and one of
t25O01. The January receipts are ex-
pected 10 be ample to put an end to the
present conditions and all issued after
that can be taken care Of as wpl as
the redemption of those now outstanding
Checking out Funds.
January i, Treasurer George will draw
checks on all state banks for the total,
amounts Of state funds in their hands
as state repositories under the existing
law. At present there IS on deposit
S577,ss4.53 in state repositories. OF this
q considerable portion will be paid out
in the semi-annual school apportlonment
in January and new deposits will be
made of the remainder under the new
guaranty law, which becomes effective
on that date. The checking out OF the
funds, therefore, simply means a change
in the security for the depkoslt and not
q change Of repositories.
Bond Company Campaign.
state Auditor Barton and Banking
Commissioner Royce are preparing a
campaign against bond and land com
panies organized in other states and
which collect money on installments. The
inquiry about the Standard Home, whose
, agents have been soliciting business in
the state without u license started
things, The company is incorporated In
Delaware, has head offices in Birming-
ham, Ala, and the Nebraska business is
written through the Minneapolis office
il is conducted on the bond building and
loan plan, Tho Alabama state officials
say they know nothing about its stand
ing, az the laws In that state do not give
' them any authority over outside corpora
tions.
Another company which is being inves-
tiRated is the Mexican Land company
This company at one time had an office
in the Little building in Lincoln, but
letters from the officers indicate its
\ headquarters are now at Louisville KY
~ promises TO give parties on payment
of 500 in instailments of $40 monthly, a.
farm In Mexico. the farm to vary wNh
the value of the land from twenty to 200
acres. Two Grand Island parties, q man
Tamed Silvernall and Lou Denham, have
contracts which have matured but have
not received title to the land. they assert,
though they have letters from the man
ayers assuring them the company is all
right Some inquiry will be made into
what tho company is doing and whether
II has any right to transact business in
the state, which is doubted by the auditor.
Omaha Men Propose Company.
Van B. Lady, i. W. Blackburn and
Beecher iIigbeo Of Omaha were in LIN
coin today consulting with the state
auditor concerning the Perry Life and
Trust company. which they are pro-
moting. The company has not yet asked
permission to transact business I'm the
state. the stock not all having been
placed, but they were consulting the
auditor concerning the proposed plan of
the company.
sidetraeIS 10 state Farm.
The university authorities have been
feonsuiting tho railway commissioners re-
garding the proposed construction by the
Rock Island OF g. sidetraok by which