Omaha Daily Bee Newspaper, January 23, 1890, Page 5

B THE OMAHA DAILY BEE: THURSDAY, JANUARY 23 OUR BULWARKS OF FINANCE. A Magnifioent Gatherlng of Ne- braska's Leading Bankers. OBUECTS OF THE ASSEMBLING, List of Distingnished Financiers in Attendance—~Yesterday's Sessions ~The Banquet at the Paxton— Today's Programmoe. Men of Means. Tiho meeting of the bankers of Nebraska, ealied for the purpose of organizing a State bankers' association, convened at Washing- ton hall at 10 o'clock yesterday morning, there being 131 reproscutatives of the different banking houses of tho state in attendance The gathering is a distingwished-looking body of men. After the delegates had regis tered the meeting was called to order by A. L. Clarke of Hastings, the chairman of the committee on organization. Following this came an eloquent, prayer, sppropriate to the oceaslon, by Dean Gara- nes The chair announced that the first busi noss iu order was the election of a temporary chairman. The name of E. R. Valentine of West Point was presented, and the gentleman was ed by acclamation. On assuming the Mr. Valentine said : ntlemen—I thank you for the honor you have conferred upon me, and ask of you a hearty co-operation while 1 am called upon to preside over your temporary organization, We have bésn brought together here today mainly for the purpose of orgunizing a stato bankers' sssociation. Other states have such institutions, and the benefits derived therefrom are incalculable. We aro also here to mingle wgether and get better ac- quainted with each other and to discuss pluns for our general betterment. Guy Doane of Omaha was_electod tempor- ary sccretary, after which Chairman Clarke called for a report of the committee appointea 10 draft a constitution and by-laws. Mr. Motoalf, of Nebraska City, interposed the following resolution : Resolved, That the gentiemen ‘who con- stituted the committee calling this conven- tion, be hereby made a committes upon organization and membership and be re- auested to report immediately for adoption of a constitution and by-laws for the govern- ment of tho association. Carried. J. L. Clarke of Nebraska City, chairman of the committee on constitution, then re- ported that the committee was ready to sub- it this document. Secretary Doane then read the constitu- tion and by-laws as reported. A motion was made to adopt the articles as a whole, to which an amendment was offered that the constitution and by-laws be read and adopted by sections. Carried. Chairman Valentine thereupon read the document by sections, which wers voted upou and adopted in their order, after numerous minor changes had been made, The constitution and by-laws, however, as adoptd, is similar 1o that governing such organizatious in other states, embodying only such changes as the section sugges's. It states in the outset that it is for the pur- pose of promoting the general interests of our commonwealth and the welfare and use- fulness of banks and banking institutions: to secure uni(ormn{ of action, together with practical beuelits, to be derived by closer personal acquaintance, and for a pro- tection against loss by crime, etc. It also calls for three vice presidents for each con- greasional district, the vice presidents to <imave charge of all the work and business of the association in their respective districts. There is also an executive council of ten to Do selected by the convention,who shull take charge of the general business of the asso- ciution. The ~ executive conncil also has the calling of ull mcetings of the association. Another clause of the constitu- tion provides that any crime gommitted by a member against any baak, is to be reported 10 this council and by them to all the mem- pers of the nssociation. This council is to ve elected annually, uo member being -elegi- ple for re-electicn, after serving three terms, ‘The annual dues of all bauks and trust, com- panies having less than $25,000 capital, and of all private banks, regardloss of the smount of the capital, shatl be $3; and of all banks and trust companies having & capi- tal of $25,000 and under $50,000 shall be $i, and all nnvlnfima cupital of 850,000 and less $100,000 shall be $5, and all with a capital of $100,000 to $200.000, $10. Some of the dele~ gates favored the striking out the private banks from subjection to #3 dues, as there is no way of ascertaining the amount ot their capital, and they should be taxed §. An amendment of this character was of- fered, and the specification private banks was stricken out. On motion the constitution and by-laws was adonted as a whole. Mr. Yates made a motion thata committee of three be chosen from each cougressional district to report to the convention at 2 @'clock a permanent organization. The badges of the delegates will be. recog- Jdized by conductors on all the cable and motor lines in the city, and all delegates who havo not received their badges should apply to Secretary Doane for ove, - Tho following gentlemen were chosen on the committes on permanent organization: Yirst district—Wm. Wallace, Omaha; J, ichman, Pawneo City; H. 8. Dorsey, Wahoo. Second district—J, W. Dolan, Red Willow; Thos, Wolfe, David City; A. L. Clarke, Hustings. Chird distriot—C. J. Stovens, Ansloy: C, B. Burroughs, Norfolk: W. B. Conkling, orth Platte. Rec The Afternoon. The adjournment was extended to 8 instead of 2 o’clock, ns was first announced, in orde 10 give the committee on permuanent organi- zation more time. ~ There were only a few now arrivals of delcgates, buv the intorest taken in the ‘mmoedmx- seemed increased ten fold, and all seemed to foel, thoroughly at bome. An interesting point developed by a can- 'vass of the delegates was that the amount of capital represented is between fifty and sixty millious of money. Tho aftornoon session opened by the com- mittee on permanent organization reporting as follow: E. K. Valentine, West Point, president;. fi L. Clark, 1iastings, first vice president; illlam Wailace, Omahs, teuth member of executive committee, Executive council: J. R. Clark, H. H, Dorsey, H. W. Yates, First district; ©d Updike, B, D, Einsol, J. D, Evauos, Second district; W, H, Sumuper, C. F. Beotly, George E, Cheney, o ‘Third district. Vice presiaents: J. N, Eck: man, W. L’ Wilson, 5. C. Swmith, First dis- trict . G B. Adnm-a J, W. Tomlin, Charies A. Morril, Second district; R. A. Stewar! . N. Rublee, T. X Fawlie, Third distric! Guy R.Doane to be retained until the execu- :xve committee appoint a permanent secre- ary. The report was adopted as read. Mayor Cushing was then iotroduced, and delivered the address of welcome, ‘The mayor began by sayiog that hsa he been bora with a silver spoon in his mouth he might have retained enough of 1ts metal to have made uiin a silver tongued orator. This had not been the case and consequently he sald he was no speaker, “The oxpericuge of twenty centuries of banking teachos,” continued the speaker, “that 10 rl.‘r cent discount is a safe: standard for principal and intorest charges, 1 have frequently noticed that any great departure from that standing, even by so-called *'Na- poleons of finauce,” bas ended not only iIn bumiliatiog falus but often i disgrace and exile, and sometimes in prison cells. The bankin, systew of our oountry isthe forco which moves aud con- “trols its commerce. As the blood nourishes und sustains the body, so does bauking feed and support the commercial system. Each is u necessity, one Lo the natural and the other to the commercial life, Thus to assure prosperity of commerce and counting the true principles of banking must be ad- hered to, “Your profession 18 not merely oue In mads of your power and po fleating hour apportions the measure of your influence. You coutrol @ foree that can blind or blight—that can furnish tue sinews of war or command the blessings of ce. It is universal as air and s swilt smbiio as lightning. Let the Wizard havd of Leadenball press the key wnd wessuges of prosperity und bapploess or ruln and disaster are flashod to the uttarmost corners of our civilization,” ‘The speaker then called attention to what Omaha is today, and closed thus: “Recognizing that upon you, in a measure, depends the prosperity not only of the com- munities in which you live out of the entire commonwealth, I cannot refrain from ex- pressing the wish and hope that all efforts may be united in the glorious work of building for one and all a spiendid prosperity. Again T welcome you here; the gates of the city are always open to you and yours. We would have you not only with us, but become ooe of us." At tho request of Henry W. Yates of Omaha the chairman read the full text of a bill prepared by John Knox, president of the National Bank of the Republic, New York City, to provide for a permanent national band circulation. The bill provides that every national bank now organized or shail be organized to issve circulating notes a8 now provided by law, in amounts not ex- ceeding 75 per centum of the capital stock of cach bank; that not less than 70 per cent of the circulating notes sliull be secured by United States bonds at the rate of 100 per cent upon the par value of such bonds, pro- vided that at the option of such bank one half of such cifculation of 70 per cent may be secured by a deposit with the treasurer of the United States under such reguiations as may be prescribed by the secretary of the trensury, of gold coin or bullion or silver bullion, at the current market price of such builion'at the time of the deposit. When- ever the market or cash value of bullion and of United States bonds deposited with the treasurer is reduced below the amount of circulation issued for the same, the comptroller of the currency may demaud aud recelve the amount of depreciation in other bullion, or in gold or siiver coin to be deposited with the treasurer, a8 long as such depraciation shall continue or the amount of the circulating notes of such bank may ve reduced by charging the excess of circula- tion to the redemption fund, provided by section three of the act of January 20, 1874. Tho bill further provides tha® an account to bo designated as ‘‘The National Bank Safety KFund” beopened by reducing the amount of United States notes now ont- standing $1,500,000 and by reducing the re- demption fund $1,500,000 and crediting tho amount. of $3,000,000%to the said national bank safety fund. To this fund shall be added the duty of one-halfof 1per cent each half-year upon the average amount of national bank notes in circulation. That if any pational bauk shall become tnsolyent, and any of the circulating notes of such bank shall remain unpaid after the assots and the individual liability of the shareholders of such msolvent bank shall have been ex- hausted, such circulating notes shall be re- duced and cancelled and destroyed, aud the amount of said notes shall from time to to timo bo charged to this national bank safety fund. ‘Phis, in brief, 18 the giet of the bill. After it had boeen read Mr. Yutes moved that it be endorsed by the convention, and in making the motion explained that he thought it, in the main, a good aud sound bill. Charrman_ Valentine being asked for his opinion on the matter, said that ho felt that the present congress must act on it. He was rather in favor of a long bond, ora bond rodeemable at the pleasure of the gov- ernmont. He thought it the duty of the as- sociation und all other associations of kin- dred nature, to act uvon tho question, He desired to hear from experienced bankers, and asked Mr. Herman Kountze to give his opmion. Mr. Kountze came greeted with appluuse. agreed with Mr. Yates, w0 make silver the basis of circulation. Iv ehould be the United States bond at a low rate of interest, 2 or 21 per cent. Perhaps a call bond would be as good as any, said he, Other than this ho had nothing to say. ‘When_ Mr. Kountze took his seat Mr. Yates roso and saia he had been misunderstood, He had said_that Mr. Kuox had held that siver might be made a pasis of circulation. Mr. Yates said that he thought it so very strange that a paper like the Omaha Repub- lican would come out and favor as it had the issuance of more currency. J. H. Millard of Omaha was called for and said, 1 reference to the bill, that he bad not read it closely but always had been in favor of a long bond. A 2 per cent bond, payuble on demand but notat auy given time, would, ke thought, be ¢he thing. There is nota bank in Omaha, smd he, that has a full cir- culation, hecause they are not able to have t forward and was He said he bardly A, U. Wyman, ex-treasurer of the United States, was called and redeived with cheers, fle thought 1t would be impossible now or at any other time to get CODZress to issue any different kind of a bond, He had examined the Knox bill. 'The sinking fund clause was not obfectionable, nor the $1,500,000 redemp- tion fund idea. With some few exceptions Mr. Wyman said he thought the bill a good one. Something should certainly be done to keep the viroulation from going out. Mr. Eckman was not in favor of asking congress for anything and then having it waxed. He wanted congress to leave off the tax on bonds. Mr, Clark of Hastings thought that the bond would have l.ogu. 1t 18 becoming more unpopuiar every day, said he, with the ihasses. He nad had enough of indefinite holdings of bonds. He could mot under- stand how money was to be increased in & community by paying $100,000 for o bond and getting $90,000. The speaker did not like the Knox bill and thought con- gress would uot consider it at all. While on nis feet Mr. Clurk said that he noped the delegates before adjournment would give their experience as to the working of the new state banking law. Mr, Yates then offered the following reso-- lutions as a substitute for the eodorsement which he had asked for the Knox bill: Resolved, That 1t is the sense of this con- vention, that the bill of the Hon. John J. Knox for a vermanent national bank ciren- lation, with some modification, should be Mr. Knox's bill we earnestly petition congress to pass a bill which will permit the funding ot the existing debt, authorizing the issue of bonds bearing 2 per cont iuterest per annum, payabie at the pleasure of the government, and which bouds may be received by the present holders in payment of these bonds with the present worth of the nterest they ear. ‘The resolutions falled to receive the support of the convention, principally for the reason that it was thought that the bankers of the state would be better satisfled 1if given an opportunity to make such changes as they desired in the bill before endorsing it at all. On motion of Mr. Cheney of Creightor. the chair was instructed v appoint & committee of five, who should t o bill aftor the nature of that by Knox, and report to the convention today. The chair named as such committee Measrs, Davidson, Clark, Yates, Eckman and Wyman. Mr, Crawford of West Poiut then offered a resolution calling upon the railroads to re- duce the rate on corn to Chicago 5 cents. The convention thought the resolution some- what inopportune, but adopted it The chairman wade the following aun- nouncemeats : Delegates wishing to visit South Omaba and go through the big establishments there will find a special train ting for them at the Union Pacific depot at 8 o'clock this uf- ternoon. ‘Phe officers of the real estate exebange invite the delegates to be present on the floor of the exchange betweecn the hours of 11 and 12 toduy. Badges will pass delegates free oo all stroet rmlwfil iu the city. Mr. Fred Millard will furnish delegates certificates eutitling them to a onesthird fare e convention adjoursed to 10:80 this morniog. . The Dalegates. The following is a list of the delegates, to Kether with their official titie and the banks \lil-‘h which they are connected : F. M. Rublee, president Baonk of Cow- morce, Broken Bow; J. L. Robson, casbier Comuwercial ' bank, Chappoll; H, H. Saun- ders, casbier Citizen bank, Atkinson; C. J. Stevens, president Ansley bank of Ansley; . T Secarles, resi- deat {@awmln Grove, fa., State bank; J. Fred Anderson, istant casbier, Flirat National, Neligh; . 3, Hartley, president Exchange bank, Atkinson; James Davidson, xmldnnl Burp{’Cuunl..v State bank, Spring- eld; George Darr, cashier Lexington bank, Lexington; D, L. Darr, cashier Holt Couuty bank, O'Neil; George _Dobsen, casbier Citiso's baok, Ulysses: W. Edge: comb, cashier First National, Kulo: 8, H. Graves, cashier Sheiton bank, Shelton; T . Howard, cashier Commercial bank, Wooping Water; E. E. Loeonard, cashier City National bank, David City; G A, Luik- kaet presidont Tullon State bok, ‘Tildon e rluy, castier Bank of Mason City: : Mast, ident Citizens' National bauk, Norfoll; W. H, Mast, ers’ state bauk, Plainview; resident arwm- . E. Mitchell, company; cashior First National bank, Ord: Robert W. Peyton, prosident state bank, Creighton; Lewis Robertson, president Farmers' bank of Kearney; F. A. Thompson, cashior First National bank, Albion; B. D. Mills, presi dent State bank, Republican City; T. C. Phelan, president Commercial bank of Bray ton; S. Blaney, director, Bluo V ley bank, Hebron; George W. Bur ton, president First National bank, Orlean A. E. Harney, director Interstate loan and trust company, Orleasns; J. M. McKinz prosidont Bank of Madrid, Madrld; Pet “owlie, cashier Rank of Ansley, Ansley; H. 1. Norton, Norton & Hatche's 'bauk, Kene . cashier Farmers' naha City: E. O. Davidson, dent Merchants' bank, uelson, president First' National bank, Hum- boldt; J. G. Southwick, cashier Bank of Bennett; J. W. Dolan, First National bank, Indianola; A, R.' Cruzen, president State baok, ., P B Gavin, president Bank of ' Wallace, = Wallace; 5. D, Einsel, cashier Commercial State bank, Holdrege; Edward Updycke, presi dent Union state bauk, Harvard; Thomas H. Matters, president First National _bank, Haryard; E. W, Woodruff, cashier Sutton Exchange bank, Suttou; F. M. Weathorald, president Thayer County bank, Hebron; W. D. Galbraith, * cashier Thayer county bank, Hebron; H. H. Gould, president Piatte Val ley bauk, Bellewood, ' William K. Conklin, cashior First National bank, North Platte; C. H. Peck, cashior Bank of Trenton ; ¢ Cho- ney, president Knox County bank, Creightpny J.'W. Moore, casbier State bank, Wilcox} J. N, Eckman, president First National bank, PAwneo City; C. A. Manker, cashior Bank of Commerce, Louisyille; V. MoNamara, cashier, Box Butte bank ilemingfor Smith, vice-president, Loup Valley 3 North Loup; D. E. Gray, assistaut_cashier State bank of Grant; Thomas 13, McPher- son, president Bank of Arapahoe; C, G. Lane, assistant cashier Exchange National, Hastings; J. Tomblin, president First Na- tional bank Arapahoe; J. Metealf, president Otoe National, Nebraska -City; De ¥\ Richards, vice president First Na- tional, Chadron; C. Hunt, cashier Citizens' bank, Fairtiel . Evans, cashier Bank of Stockham; Ira Titus, cashier First Na- tional, Fuirfield; H. L. McWiliiams, presi- dent Keith County bank, Ogallala; H. F. Wilson, cashier First National, Wayao; Charles A. Van Pelt, treasurer Nebraska Loan and Hanking company, McCook; Cnarles W. Kay, president Gretna State bank; G. W, Holst, vice president Columbus Stato banic; B, K. Valentine, president First National, ' West Point; James N. Clark, cashier First Natioual, Hastings: . R. Graham, president Iirst National, Wisner; D. B. Weloton, vice president State Bank of Daykin; M. B. Thompson, president Albion National; H. H. Dorsey, cashier Saunders County National, Wahoo; Job Hathaway, president Bank of Hemingford; F. M. Persinger, cashier Central City bank: L. D. Fowler, vresident Fowler & Cole's mortgage company, Sutton; C. B. Burroughs, president Norfolk State bank, Norfoll; W, H. Bucholz, cashier Norfolk National; 'J. L. Miles, president Nebraska Suvings banlk, Omaha; Thomas Wolfe, president First Na- tional, David City; Chauncey Wiltse, vresident First National, Fullerton; L. M. Beonett, president Omaha Saviogs bauk, Omaha; H. J. Allon, president Bank of Octavia; Alfred Millard, cashier Cowm- mercial National; R.F. Kloke, president Nebraska State bank, West Point; David Dean, rresident Bauk of Avoca; John L. Carson, treasurer Firat National, Omaha, F. O. Boll, president Iirst National, York; F. B. Tiffuny, president First National, Ainsworth; C. B. Adams, vice president First National, Superior; D. J., Muynard, cashier Bank 'of Westera: G. A. Sawyer, vresident Saline County bank, Western; . H. Russell, vice president Mu- tual Iuvestwent company, Omaha; J. W. Rodefer, director Uniou National,Omaha: F\ A. Gilbert, cashier bank of Cedar Biuffs; G. T. Brown, cashier C. R. Jones & Co, Juniata; James D, Gaxe, proprietor bank of Franklin; Alex G. Charlton, cashier Mo- Cague's Savings bank, Ohaha; T. E. Saun- ders, state bank examiner, Lincoln; O.Frost, cashier bank of Bartley, Bartley: James Rogers, cashier German-American, Fremont ; Charles Howles, cashier Merchant's and Farmeor's, Scribuer; J. C. McNaughton, state bank examiner, Hastiags: William Waliace, cushier Omaba National; R. A, Simpson, president Blue Hill ' bank; Wilson, president Nebraska City National; Thomas H. MoCogue,- cashicr Awerican National, Omaha; Cadet Taylor, vice president of Globe Loan and Trust M. Hunt, assistant cashier Nebraska savings bauk, South Omana: H. G. Koebler, cashier First National, Blue Hill; E. Brownlee, cashier American National,Omaha; Frank E. Spaulding, direc- tor City National, Kearnoy; I I\ Gamble, cashier Buffalo County National bank, Kear- ney; E. Branch, _cashier Union Stock ~ Yards _bank, South Omaha; J.Eberly, cashier; Citizens' vank, Stanton; J. C. Crawford, vice president First Na- tional bank, West Point; Otto Bauman, viga resident W Point National bank ; James ", Prentiss, cashier State bank, Courtland; John D. B tt, president Cedar County bank, Hartington; C. E. Hoflund, cashior Bank of Beemer, Beemer; P. . Hall, cushier Bank of Meade, Meade; Levi Kim- ball, cashier Wakefield State bank, Wake- fleld; B, E. Harden, president First Na- tional banis, Laberty; W. G. Hulburt, cashier Halestown ' Stato bank, Halestown; W. A. Baldwin, cashier Commercial bank, Rising City; L. A. Warren, president Bauk of Sur- prise; A. E. Charlton, First Bank of Arca- dia; E. F. Folda, cashier banking house of Folda, Schuyler; W. . Clark, cashier Plateau bank, Herman: Alfred Stedman, cashier Nebraska State bauk, Schuyler; W, H. Sumner, president Schuylor National bank, Schuyler; W. B. Thorpe, president Union City bank, David City; G. B. Bell, cashier Grand Island Banking company; G A. Mohrenstecker, cashier Citizens’ Natio bavk, Grana Island; W. M. Rochell, presi dent First National bauk, Sterling; Alfred Stedman, cashier Nebraska State bank, Schuyler; W, H. Sumner, president Schuyler Nationai 'bauk, Schuyler; John Schwyn, cashier Bank of Doniphan, Domiphan: H, N. Shewell, cashier Merchants’ National bank, Nebraska City; C. S. Smith, cashier First National bank, Beatrice; W. O. South- wick, cashier First Nutional bank, Friend; G. F. H. Schwake, discount clerk, Ger- man National bank, Lincoln; w. C ‘Tilison, cashier Kearney National bank, Kearney; W. G. Templeton, cashier Citi- zens’ bank, Omaha; Henry Wilcox, cadhier Bank of Wilcox, Wilcox; E. Wimaas, cashier Bank of North Bend, North Bend; C. M. Williams, casnier First National bank, Fre- mont; Jobn B, Wilbur, cashier Omaha Say- wgs bank, Omaha: W, E. Whitcomb, cashier Bank of Pender, Pender; A. U, Wyman, president Omaha loan aud trust company, Omaha; A. J. Williams, resident A, J, Williams & Co. Tamara: H, W. Yater president Nebraska National H. T, Arnold, cashier Bank Osceola; J. V. Al fational bank, Tobi bank, Omal of Polk Count; cashier First Bentley, cashier Kirst National baonk, Grand Island; P. T, Buckley, president Stromsburg bavk, Stromsburg; £. L. Bier- bower, vice president Bank of Commerce, Omuha; M. T, Barlow, cashier United States National bank, Omaha; A. T. Buck- worth, president North Platte National bank, North Platte; James Bennett, pres dent Farmers' bank, Chester; S, H. Bur, haw, casbier American express, Lincol C. H. Bostwick, cashier South Omaha N tional bank, South Omaha; S. C, Burlin- gim, vice president Jounes National bavk, Seward; C. W. Barkley, cashier State Bank of Nebrasia, Seward; J, J. Bartlett, presi dent Kearney National bank, Kearney: Jobm G. Ballard, cashier First National bani, Bertrand; Fraok Carruth, presi- dent Citizens' bank, _ Plattsmouv! C. E. Cotton, cashier First National bank, Syracuse; F. M. Castellar, manager banking house ot A. Castellar, Blair; E. D. Canfield, maosger Bank of Decatur, Decawur; D. D. Cooley, cashier National Bank of Ashlandg, Ashland; O. M. Carter, president American loan and tru mpany, Omaha; B. K. Cobb, cashier Citizens' Bank of Gooeva, Geneva; David Dean, president Bank of South Bend, South Bend; Thomas M. Davis, president of the National bank, Beaver City; W. H. Dickinson, presilent State bank of Wahoo, Wahoo; Luther Drake, as- sistant cashier Merchants’ National bank, Omaba; J. Eberly, cashier Citizens' bank, Stanton; Franklin Everett, president Farm- ors' bank, Lyons; Walter Everett, cashier Farmers' bank, Lyons; H. Ewing, casuler Nebraska Natiooal bank, Beaurice; . H. Frahm, uassistant cashier Wake- fleld Suwate bank, 8. France, sident Blue Hill, Hilly son, casbier Merchants' sud Farmers' bank, Friend: J. M. Fisher, director First National bank, Geneva; A. T. Gamble, cashier Buf- falo County Natwnal, Kearnéy; F., C. Gra- ble, vice president State bank, “Crawford; Louis V. Haskell, resident Baok ol Stromsburg, Strowsburg; W, H. 8. cashier Nebraska National H“?“ baok, Omaba; Aaron Higley, cashier Farmers' d Merchants' Banking ocome pany, Red Cloud; O. Horne, cashier Bank of Syracuse, Syracossy R’ H. Hampton, cashier First Natiosal bank, J. 8. Houseman, cashier First N tional bank, Aurorai John T. Hink- ley, cashier’ Bank© of Grafton, Graf- ton; O. Horne, president Hank of Douglas, Douglas; E. H. Halstead, owner Bank of Dixon county, Pierro, and prosi dent of Bank of Dakota eounty, sackson; W, B. Ingram, casbier State b Callaway | P, R. Johnson, cashier Grant First National bank, Grant; Claudiis Jones, president Jones National bank, Seward; Li. M. Koene, presidont Fremont National bank, Fremont; J.F, Keuafman, cashier Bank of Avecs, Avoca; John 8, King American National back of Omaha; E,.W. Lyman, cashier Dodge county bank, Hooper; J. P. Latta, proprietor Burt county bank, Tekamah} Henry E. Lewis, president Lincoln savings bank and _safe deposit com- pany; W. E. Longworthy, cashier First National bank, Seward; R. T, McGrew, president First National bank, Holdrege; C. W. Morline, president Capital National bank, Lincoln; 'C. H, Mor- rill, president Farmers' and Merchaats' vank, Stromsburg; J. I, Miliard, presideat Omaha National bank, Omaba; Charles S. Miller, cashier Farmers' State baok, Farmount; H, Mucselman, president Merchants' bank, Fairmount; | Norton, president IKenesaw exchange, Kenosaw; C. A. Nowman, cashier Com- mercial bank, Columbus; James Patterson, assistant cashier Bank of Cass ocounty, Plattsmouth; J. M. Pattorson, cashier Bank of Cass county, Plattsmouth; Charles Perky, sident First National bank, Wahoo; O. T, Roen, cashior Kirst National bank, Columbus W. M. Rothell, presi- dent’ First National bauk, Ster- ling; F. Y. Robertson, prosident First Natlonal bank, Kearney; O. 8. Raymond, presidont Amorican bunk, Siney; C. I “olday, cashior Banking House of Folda, Schuyler; W. H. Clark, cashier Plateau bank, Herman; B. "Thorpe, president Unwon bank, David City: G. B. Bell, cashier Grand Island _banking compan, Island; G. A. Mohrenstocher. cash zens National bauk, Grand Island; Deitrick, president’ German National baok, Hastings; S. L. Olark, president Nebraska loan and trust company, Hastings; F. H. Clark, president Capital National bank, Li coln;’ C. Mosher, president Cavital National bank, Lincoln, THE BANQUET, Nebraska Bankers Royally Enter- tained at the Paxton Last Nizht, It was a quarter to 10 o'clock when the doors of the Paxton dining rooms wore thrown open for the bankers' banquet last nignt. And no sooner did this silont bid- ding to the feast proclaim that all was ready for the guests than the latter, 250 in num- ber, filled into the great, Lrilliant and spa- cious apartments, filling them almost to overflowing. Little or uo special order was or could be observed in regard to seating the guests, 80 great was the crush upon enter- ing. Three long tables running lengthwise of the main dining hall were headed by fourth, while the same order of placing was was observed with smaller ones in the ladies’ ordinary. The appointments of the tables reflected with much of artiatic grace the ad- mirable reputation of Messrs, Kittredge & Brainard as gentlemen skilled in the art of arranging for such an ' affair as that of the hour. Pyramids of fyuit; confectionery and cake alternated us the the principal points of show in connection with the tables. Floral decorations had not bden attempted and were scarcely missed in the wany other happy de- vices in the way of gehieral decoration, The fo’lowing is the menut Blue Pointsg Half Shell, Celery, Sawerne, Consommie, Apontiliado, Filet of Shad,’ Sonet Cauet, Tenderloin:of Beef, Mashed Potatoes, Asparagus, Pommory Sec, English Sparrow. f Green Peas, Lettuce, lgnyonu(ss, Ice Creatn, Cake, Frult; Coffee, Crackers, Cheese. On the raverse fide of the menu cards, which weré in white and gold, were the words: y Complimentary Banquet Tenderad to the Bankers of Nebraska® -by the Clearing House Banks of Omaha, Wednesday Evening, January 22, 1800, .at the Paxton Hotel. Althongh no particulur oraer was observed by the guests in taking their seats, and many found thomselves side by side with brother money chbangers who were total strangers, yet the fact did not seem to in- terfere in the least with those thus circum- stanced having a thoroughly good time. For the fact was—and it was a strikingly noticeablo one—that each particular guest seemed entirely in the mood of enjoying himsalf to the utwost. It seemed necessary only to exchange glances, bump elbows and clinkc glasses 10 -order 1o feel perfectly at enso. Cigars were lighted at ‘11:80 and at that hour Mr. H. W. Yates, in a few words, in- troduced Mr. Vulentine, chairman of the convention. Mr, Valentine arose and said that positively he had nothing in particular 10 say aund would give way. The mayor of Omaha was then introduced and simply proposed the health of Nebraska, Mr. Cady of St. Paul was then introduced and was greeted with great applause. He arose and said that he did not know that he could do more than to congratulate those be- fore him on theiwr organizing one of the most aotable associations in Nebraska and in the entire west, Mr. Cady was followed by others, and the affair closed as only a signal success could close—with all thoroughly satisfied in every seuse of the word. Today’s Programme. Following i8 the programme for today : 10:30 o’clock—Prayer, general business and discussion. Adjournment. 8 o'clock p. m.—Excursion to South Omaha on special motor train leaving Fourteenth and Farnam. . 8 o'clock . m.—"'Sibaria” at Boya’s opera house, —_— BRICK PAVING. The Board of Pubiic Works Spraks in Favor of 1t The members of the board of public works submitted their report to the city council Tuesday evening, giving a detailed account of the street work accomplished under their supervision during the year 189, The following i§ the report in full, the esti- mates and figures having already been pub- lishod: 4 A large class of taxpayers petitioned for the cheapest pavement in the first place, without regard to any,other consideration, ‘I'ney overlook the faetthat the cheapest in the first place always proves to be the dearest in the long rup, for it necessarily follows that in the very near future it must undergo expensive repgirs atthe city's ex- peuse, and then bo renéwed frequently atthe property holders' expense, It is undoubtedly ' wise economy to lay none but the most AliHstantial, permanent |, and best, under the most approved methods of construction, regardleds of the first cost, use the reputatiowand pra-puml.ly of any city dependas as l"quly on the condition of its straets, and theit!proper paving, as upon any other lmprowement, and, in fact, more 8o, P! A ocity with good:strests permanently paved and kept cleawsdenotes a thrifty, prosperous, wide-awake and energetic peo- ple. 1lly paved and fiithy streets are indicative of lack of euterprise, But if any considera- ble number of our property holder continue to demaud choap pavements, we would re- commend to them the use of brick for resi- dence streets inatead of wood. Weo aze coufident that brick at $2.03 per square yard, will outlast wood at $L61, at least three to one, ana yet the cost is but a fow cents mord per yard, even under the present circumstances, while we are forcea to import the brick from linows in order to obtain suitable oues for paviug purposes. Our brick manufacturers ave industriously hbuntiog for and will undoubtedly fiud the right kind of clay for paviag brick io this viciuity aud as soon as it is fouud brick pave- ment will be cheaper than wood. ‘The most ardent advocates of brick openly declare that clay suitable for paving brick 18 only found ia but few places in this coun- try ws yet. Those best iuformed say only in Alliance; | Iilinols, Ohio and West Viegini They say ments in litorature, and the editor is it must'be clay which will burn to vitrifica. ever watchful for either in all the man- tion fn ® oclose kiln without running to. i 1ok o e, gotber, and make not only a hard but a de. | USCriDts which come undor his eye. It idedly tovgh brick, which will not cbip or | Buthors would devote more time and mar in any way. 3 care to the composition of their manu- One that will not absorb mora than 2i¢ per seripts and less to worrying what be- cont or more than onesquarter of its weight | came of them after they reached ia wator and thoroforo resist disintogration | the editorial desk, literature and tho y frost. pading fo o thoe g Fhs 3ay that & clay whioh contains con. | KAInE public would be the gainers. No author need invest her sonl with derable i tat v be- Y A Toaring 30 the® conl "henitanie, that clav be- | anxiety that her matuscript is not read. longing to the coal measures and 1s indis- pensible. In these days of sharp literary compe- Such clay has not been found in our midst | tition, the keonest outlook is required 80 far, Hence we have imvorted brick from | of the editorial room, and a good manu-« Galesburg, fl, with a view of having the best for the first experience, and placed 100 ot & mile, of ono corse of said_brick, set on edge and & 8ix fnch concrete base, at a cost of $3.14 por square yard, and have an uncompleted contract for more at $2.03. +| afford to be overlooked. An author Experienced exports in Kurope and Amer- | can always feel sure of one point-—that, ica pronounce a concrete base as an absolute | if her mwanuseript is returned, necessily to maintain the contour of the | there is some reason for it, and the 3‘«2‘.‘?.'?g.:,‘!,‘;‘..’;‘;}.?2,.‘&':‘25"" sud endurance | cause is not genorally very far off o1 ob- It secures ahard, even, smooth and durable | SCure: if search is only made for it. surface, and protects the top material from | ither the production incks the destructive influences of frost under- | the wrong channel has been eath, for the mater These ar Therofore our specifications require one | the two principal reasons. There is a «;::ll:‘;:lf:'i“:l"’l";: (Ir)r‘lhxl::m::‘\:h concrete base, | world of common sense in the remark Wo deom a concrote base especially desie. | 010 by 8 famous author to a young ablo under brick, and wmoroe necessary than | Writer who was loudly complaining of when auy other material is used, on socount | editorial inappreciation; ““Don’t waste of their narrow bases, which will yield jn [ 80 much time blaming tho editor vote more to seeing if any you.” seript or a bright idea need not search long for n market. Well-told stovies are not so plentiful that even the most unpromising looking manuscript can morit, or selocted generally detail, when under heavy pressure and jolt- ing, thoreby forming rust and resulting in uneveness if there is not an unyelding foundation under them From a sanitary poinint of view, brick is manifestly superior to wood, It does nhot itself decav and being impervious to water, it does not absorb the poisonous efffuvia, but wood does, and is very pernicious to health when it begins to decay. Brick pavements are more easily repaired than wooden, If a brick proves to be imper- fect. replace it with another, and the work is done. They are not as slippery as wood, owing to the small surface between the seams, They are equally as smooth . sur- face, as woiseless and as pleasant to drive on as the wood. Woe reiterate that the policy of buying the lowest priced article for use in perpetuity is no more commendable, in the case of paving streets, than in the affairs of domestic or business life, and we do not in- tend to rocommend any cheap article i erence to anothor, Hence we say: brick instead of wood; if determined to have one of the lowest at first cost. St. A. D. Barcouse, Ch'rm,, W. I. KIERSTEAD, J. B. Furay, Tusist on having the genuine RodC Cough Drops, 5 ots a box. Sold ev where. s Duke of Aosta Buried. Tunix, Jan, 22.—The funeral of the duke of Aosta, the brother of King Humbert, took place today with much pomo. mense crowd ass monies, mbled to witness the coro - OF DES To the Nebraska Bankers, Greeting. Your visit, we trust, will be one o pleasure and mutual benefit, both to yourselves and to us. Among the sub- jects that will command your attention during this convention will be fire and burglar proof safes. O course only those safes which have proven to be ab- solutely proof against the knignts of the jimmy and the tive fiend can hope for your approbation. The elegant time tried safes made by the Hall fe and Lock company, th time lock, ete., are positively secure. Bofore you leaye the city call at the sulesrooms of A. L. Dean & Co., 821 and 323 South Tenth street, where can be seen a complete line of these celebrated safes. You can get more pointers as to what a safe ought to be from an inspection of their stock than from a week’s discussion. recognized, Its certificates are renewable by uary, April, July and October, and their face value. It has $600,000 in assets (and $400,000 of which is pledged with St: WILL MAKE CLOTHING. cst from epidemic or other causes. The Continental Company Will En- | C I large Its Present Force. It is reported that the Conunental cloth- ing house will shortly start a manufactory in their immense building in this city. Man- ager Sumuel Gamble goes east in a day or two to complete the arrangements to that end. The purpose is to start with a force of fifty workmen, and, by next September, it is expected that over one hundred men will be employed. Mr. Loomis, A member of the firm, was the city the other day, and said that white clothing could not be manufactured in Omaha for his house with as great profit as elso- where, ver, he felt a great intorest in Omaha and thought the proposed investment would prove a paying one to the house, It 1s COMPARATIVE Guarantee Notes. . .. .$153,011,20 Gash in Depository 4,331.24 Banksitr et 29,341.34 Cash in Treasury. ... Securities With State Department . . . ... . 265,620,00 $472,303.78 ‘Watch the box, buy the genuine Red Cross Cough Drops, 5 cents per box. AN INDIAN GHOST STORY. Dead Chickasaws Beli d to Dance and Play Ball by Moonlight. * The Chickasaws have a superstiti that on moonlight nights during summer their dead warriors nuk n noted ball players meet and dance the hi- yoce-ah-chee, which is a dance of defi- ance, and play ball. Should a living person come within the spirit circle death soon overtakes him, says the New York ‘limes. In 1840 the writer was commissary of subsistence for the Chickasaws,and had three depots for .ssuing rations, The principal one was at Fort Coffee, on the Arkansas river; there was one on the Canadian forty-five miles west of Coffee, and another at Pickens, thirty miles south of Coffee. About five miles irom the fort was the Choctaw agency and superintendency of the wost. Belween there and Cheadles’, the depoton the Canadian, there was only one settle- ment, Creek Billy’s, named after a Creek Indian who had a Chickasaw wife. Half of the distance was prairie. During the day in midsummer the flies on the prairie were so troubiesome that it was almost impossible to ride, conse- quently travel was mostly at night. On a moonlight night™ in August, in company with two beef contractors, the writer left Fort Coffee and made the ride to the Canadian, issued rations and rested for a day, on the evening follow- ing he left there alone on the return trip. It was a very dry season, Creole Billy hud a good well and travelers usually stopped there to water their horses. It must have been near mid- nisght when the writer reached there, refreshing his horse and himself with a cooling drink and left. In a vast wil- derness, in the stillness of the night, one’s sensesof sight and hearing become extremely acute. About half an hour later leaving Billy’s I heard the sound of a horse’s Euu s, and soon discovered an Indian on orseback coming at full speed toward me and drew up. Fear was depicted on his face. It may well be said that the hair of his head stood on end, Hesaid: “Go back, go back to Billy’s, [ beard the spirits hi-yoah-ah-cheein that little prairie (which I nad to pass l,hrmlgh] and they will kill you if you goon.” He wasa little under the influence of liquor, Iaskea him for hisbottle, which he handed me, and I took a good drink from 1t and rode on. A short distance from where I left him I heard some wolves howl. In his heated imagination that was the hi- yoch-ah-chee he bad heard. I had passed the prairvie he mentioned, and was some distance from it, riding into asandy bottom creek which was per- fectly dry, when wy horse took & sud- Guarantee Notss. ... . $161,802.81 Cash in Depository Banks ........... 3,734.89 Cash in Treasury..... 39,366.67 Securifies in State De- partment .- - . .. .. . 402,835.00 Special Closi WE W SOLID GOLD SPE FINEST GOLD S from $6 to $10. BEST STEEL S¢#ECTACLE L SELL BEST SCO worth 1 PESBLE filled at low 1,000 TH . highest grade. Only a few more “’A'I‘C‘IBS and SILY s o JEWELERS AND OPTICIANS - An im - strictly mutual in all its featur: as to its methods and the closest investigation as to its manage ment. $607,739.37 Fine Spectacles, Eye Glasses, Thermometers, and All Othef Optical Goods at Greatly Reduced Prices. 'TACLES, $3. worth $35. 'TACLES, $4 and §5; sold everywhere tenses, 75¢, 81 and $1.50; worth double, All Eye Glasses at same reduction, optician, and a perfect fit guaranteed in every case. All visional imperlections correcied. t possible prices. KMOMETERS from 25¢ each up to the very WARE MAX MEYER & BRO, Children Cry for Pitcher's Cn!orh} ——— When Raby was sick, we gare her Castorta. i Whan she was & Child, she eried for Castoria, When she became Miws, aho clung to Castorla, Whn shehac Children, sho gave them Castorih, CLOTHING. . % , — Tmp t B oo g e L and al ording to the weight put on them, ally well to h country cx fine Toipiad vl o seroughy euniy 5, A THE BANKERS LIFE ASSOCIATION MOINES, Completed its tenth fiscal year on December 31, 1880, carrying twenty- four millions of dollars in Life Insurance on twelve thousand certificates of membership, at an average cost of $8 per thousand. It provides Tnsurance ou the Life Plan for bankers and their patrons engaged in non-hazardons occupations, under its own method, approved wherever understood and in which conservatism and stability are readily regular quarteily payments in Jan- it holds a reserve largely in excess of that required by law of old line companies, on a legal valuation of its policies, which reserve guarantees beyond a contingency the payment of not a dollar of matured liabilities), ate Department as security to mem- bers, including $105,000 Surplus Fund for protection against increased s and courts the fullest criticism STATEMENT, Condition January I, 1889. | Guarantee Fund. ... .$372,428.00 ! Banefit Fund........ 14,883.99 I Contingent Fund..... 12,281,32 Surplus Fund.. ..... 72,710.47 $412,303.78 Condition January 1, I1890. Guarantee Fund... . ..$441,580.00 Bensfit Fund........ 40,178.36 Contingent Fund..... 20,388.90 Surplus Fund . - 105,592.11 -$607,739,37 ——SOLICITORS WANTED.— Apply to W. C. PEER, Agent, at Omaha National Bank, Rocm 314, and to B. P. WALTERS, State Agent, Hustings, Neb. ng Out Sale! FOR ONE WEEK: with purest white crysial SPECTACLES, Eycs tested by our Oculist’s prescriptions b | JEWELRY, DIAMONDS your own price, - COR. I6TH AND FARNAM S18. den fright and jumped, I turned my head and thought I saw just behind my horse what looked like an Indian cov- ered from head to foot with a blanket, a8 the indians wrap theirdead, Fortu- unately presence of mind induced me to rein up my horse and take a second look. . It was only a pillar of sand which, in his jump, my horse with his hind feet had thrown up. Had [ not taken a second look I might bave be- lieved during all my life that I had sgen some thing supernatural, © Rooms tor Patients, Recept wuu“n perhinpy wumptlon or insanii Sy umatisw, Polsonous Discharges, mi For Perturbed L tor v/ Spieits, 5 “Li14's Bocrot Briore" § oo The fact is, whether authors believe y Braces and Trus it or noy, the editor is more anxious to discover merit in a manuscript than is the author to have bim, says a writer in the Ladies’ Home Journal. . Novelty andfreshuess arc toaay the ruling ele- oE 8yphilis, Borofa KEpllepsy, TO AL MEN i s, s real D* JAGOBS Medical & Surgical Dispensary, Nos. 101 to 118 So. 13th St. ion Rooms 30 and 40, Omaha, Nek l‘)‘.bfllll. Maohood, n‘“?'fl:':‘fi"' "fi:‘u‘f;"u paratus and rmndlu for suocesstul , paind: J .l:.'lllfl fl’k i Sk m,gg‘é&fi;fiummu el G ‘wad Biood sud SO WO smonar, p, gty s Bad Blood, 8kin, Urinary Diseases and Gleet Oured for Life