Omaha daily bee., 1916-07-22
STATE BANK RESURRECTED
MULLEN HAS STATE BOARD REVIVE
AN OLD CHARTER.
Gets 5000 From Guaranty Fund and
Turns Bank Over to New
Hands,

Arthur Mullen OF Omaha, demo-
cratic national committeeman and at
torney, exerted his occult powers on
the State Banking board, comprising
Governor Morchcad, Attorney Cen
eral Willis E. Reed and State Auditor
w. H. Smith, and pulled one over on
that body yesterday.
He waved his wand and the board
did things it had heretofore refused,
failed and neglected to do, namely, al
low another bank to start In Omaha
and to give back to the dead German
American State bank Of Omaha $1,000
of its guaranty fund, taken from the
grand total OF the depositors' guaran-
ty fund. Yea, three things he made
the board do, the third being TO let up
on its claim that it is trying to limit
the number OF banks In the state for
the sake OF protecting the depositors
guaranty fund.
Arthur had been hanging around
the board for months trying to get it
to give back to the German-Amcrican
bank $4,000 OF its guaranty fund
which was on hand when the bank
sold out one and half years ago to
the City National bank Of Omaha,
which bank later sold out to the
State Bank Of Omaha.
How can we give that back when
the German.American State bank is
dead and the law makes no provision
| for paying it back, but leaves the
banks share OF the fund in the total
depositors fund.-" argued the board
with Arthur.
Buried Alive, Grave Opened.
The bank being dead, having paid
its debts and gone out OF business,
Arthur could not get back the $1,000.
So he came before the board yester-
day and in effect said:
| "See here, this Gcrman-American
bank amt dead at all, If you said
any last sad rites over its tomb one
year and half ago, you have COM
mitted i horrible mistake. That bank
has been buried alive, l tell you, and
you better get your spades mighty
quick and help dig il out. That bank
Is not dead. It's just sleeping, and
it's mighty lucky thing for me you
put q certified check in the grave in
stead Of burying that $4,000. Here,
man, grab pick and get to work.
Remember this banks life is at
stake, and there is $4,000 in it Tor
somebody" =,
The resurrection then began. The
board got the body Of the bank out
OF the tomb Attorney General Reed
lfelt its pulse, consulted Benner's
prophecies and several court reports.
This isn't grave robbing, is III"
asked one.
1T seems to me l do feel slight
pulsation,' said the attorney general
as he touched the wrist of the corpse.
"I find that a Minnesota court held
that bank can remain dead fourteen
years and yet come to life, and, on the
other hand, an Ohio court held that
10 bank can possibly remain buried
that long and be revived. Quick, give
me the pulmotor; think saw its
eyelids move" ;.
With the pulmotor in one hand and
the 5000 III the other, the attorney
general continued at work. ...
ttrHere, take the money, the banks
alive" announced the attorney gen
leral. fs
So Mr.. Mullen took the credit for
lthe $1,000, picked up the old faded
charter which the State board granted
Ito the bank several years ago and
went away. III.
\ Il Just wonder now what Arthur
lis going to do with that charter and
$8, 900 guaranty fund we gave HIM.,
said a member Of the board.
Thus the state board pronounced
1.-THE bank everlasting and undying.
Like the disciple Of whom i was said,
aIf will that he tarry All ! come
again, what is that to theei" the state
board had said, "lf we decide that
lthis bank was not dead, what's y 70
you, anyhow"
Resurrection and Transformation.
But the Gerrrian-American State
Ibank OF Omaha will not roam the
Iearth in It's old form. Mr., Mullen
went into the next room. dehorned It
81 its hyphen. turned to the organizers