Omaha daily bee., 1912-08-14
Nebraska
COUNTIES VOICE PROTESTS
representatives Appear Before State
Board of Equalization.
OBJECT TO VALUATIONS OF LAND
Inequalities Existing I'm Boards De-
cree Pointed Out--BankfngB Board
knocks Professional Bank
Promoters.
(From a Special Correspondent

NHAou q 5pcCldl SuFTSSpOnQent.)
LINCOLN, Aug. 13.-(Special.) .)-Repre-
entatives from half the counties in the
state were present at the meeting of the
state board of equalization this morn
ing and the governors office Where the
board met could not hold them Jail.
Every county represented had serious
objections to the raise contemplated by
the board and endeavored to show how
much poorer land there was in compari-
son to that of the counties adjoining,
1t was impossible to listen to all the
counties this forenoon and the board
adjourned at noon taking up other coun-
ties after the lunch hour.
The counties heard this afternoon were
Hall, Hamilton Alams, Helt Buffalo,
Harlan, Sheridan, Dawes, Dixon, Pierce
and Richardson. The board heard each
separately and will not give a decision
on any of them until they have had time
to go through the claims advanced by
each representative against any raise.
Babcock Claims Heard.
The state board of irrigation is busy
water rights of the Loup river. which
was postponed for thirty days last month
that both sides might be in better shape
to present their claims. Mr.. Babcock
was on the stand all Of yesterday and
until noon today and his testimony was
/ listened to by goodly crowd of inter
ested attorney and others.
Sales Company Incorporates.
The Western Auto Sales and Manufac-
turing company of Omaha filed articles
/ Of Incorporation with the secretary Of
state today. The firm will conduct a
general automobile business and will
manufacture automobile tops and seat
covers. The capital stock Is $4,000 The
articles are signed by A. W. Gilman,
president; A. w. Kohl, vice president. and
NJ. M. Searles secretary.
! Oppose Bank Promoters.
, II having come to the notice Of Mr..
! Royse, secretary of the State Banking
Board, that in some states certain par
ties were going over the country or
ganizing state banks and then selling
out at O good profit, the board after
eoneiderin gthe matter passed the follow
Ing resolutions at their meeting held Au-
gust s.
Whereas, It having come to the knowl-
edge of this board that the comptroller
Of the currency and the bank supervising
authorities of Michigan, Iowa and other
'etates. have come In contact with the
operations of numerous professional bank
promoters. hailing from different To-
'ealitles ana
v. Acrcas, 1t Is learned that the pro- |
rolgn pra organization Of institutions |
by such persons have, in most instances, /
preyen unsatisfactory and dangerous, !
therefore be X
Resolved, That 1t is the sense Of the |
beard that charters for institutions COM
Ing under the supervision of the State
Banking Board be withheld where 1t is /
found that their organization has been |
effected by methods Incompatible with |
safe business principles, and where the |
promoters or organizers propose to re-
tain certain per cent of the capital as
an organization fee or commission for
collecting stock subscriptions.