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Oshkosh Daily Northwestern Newspaper Archive: November 7, 1898 - Page 6

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Publication: Oshkosh Daily Northwestern

Location: Oshkosh, Wisconsin

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   Oshkosh Daily Northwestern (Newspaper) - November 7, 1898, Oshkosh, Wisconsin                                jXORTHWBBTEBV OSHKOSO, MOWDAT. NOVE31BER 7. 1990. neDtilyNorlliiesteriL i H v NOV. 7, W98. i> f, 3 .1 -SHORT NOTEfei Minnie Crowell of New London in her C.'Btreich, 192 WUA.k Kleretead has returned from -where she has vialtcd with her daughter for the past two weeks. THE LAY OF THE WAYFARER.   the money. It 3s very and will keep tho money ia the right path." "Is Ii a Rood Jaw from the standpoint ol Ihc "To my minO. the law will be of great lo the bankers as it restricts them considerably in tfoair dealings. II jTjak-c-s the hawks safer from the fact that the bankers must handJe the mon- ey with care Svceji up fund. 3t away wilh sjw ti-on and wild-cat banks." "Would you advise the to vote in favor of "Yes. H is a just law I heart- ily in favor of HELPED FHAJ1E JT. President C. W. Davis of Use German- American bank 3s ptrhaps txytter quali- fied to speaik of Jhe provisions of the new 3aw bccauss he assisted in framing It when he was 3n the senate in 'S7. A Northwestern reporter met Mr. Davis in the street car the olhcr <3ay and pro- pounded to him qwslion: "Is tie revised slate banking law a one from the standpoint of Jhc .Mr. replied: "I consider It a very Jaw from the of the- people it prevents banks loaning to stockholders on bank slock: prohibits banks absorbing sfcoir own capital and because it prohibits banks loaning any money to their of- ficers withoBt a resolution to that ef- fect signed by tbe directors of the "Wftat do thJnl; of the law from UK MMdBOiat UM was the next Interrogation of the newspaper man. Mr. Davis answered briefly: "I be- lieve It Is a Kood law for the bank that wants to do a Icsltlmate businesH. It 10 bad. however, for wild cat banks." "Would you advise the people to vote In favor of "Yes. For If more votes are regis- tered in favor of It thtin against it It will go on the statute book, otherwise not." is the most desirable feature In the "T hardly know. Perhaps the clause providing for the paying In of fifty per cent of the capital stock on the organi- sation of state banks and the remain- ing- llfty per cent in monthly tea per cent installments. CASHIER SCHRIBER. To the question, "Is the revised bank- ing law a tfood one from the standpoint of the people, Cashier Charles Schrlber of the National bank of Oshkosh 're- plied with a simple, "Yes." "How Is it from the standpoint of the was the next query of the re- porter. "It is all right for a bank that desires to clo a legitimate business." "Would you advise the people to vote for "I certainly should, as It is a very good law for the people of the state." Which clause do you regard as the most desirable in the new "The entire law appeals to me be- cause the greater part of it is taken al- most literally from the national bank- ing law which has been proved a very meritorious law during the past thirty years." PRESIDENT S. M. HAY. Stepping from the office of the cashier to the sanctum of S. M. Hay, president, the newspaper man reiterated the quer- ies propounded to-Cashier Schriber. To the first query whether or not it is a good law from thestandpointof the peo- ple, Mr. Hay replied: "It seems to me that it is. The old banking law is a back number. They have been starting these private banks in various parts of the state with prac- tically no one in control under the old law." "How is the law from the standpoint of the "I think it is a good one because it will make banks so much safer.We have to send drafts all over the state. We do not know whether or not the bank to which they are sent will be in existence when the draft reaches there." "Do you think it advisable for the people to vote for the revised "I think it is for the interest of the people to vote for it regardless of poli- tics." "Which do you regard as the most de- sirable clause In the new "It Is in the absolute control of the state banks by the state that appeals to me." PRESIDENT J. H. JENKINS. The president of the German National bank, J. Howard Jenkins to the ques- tion, "Is it a good law from the stand- point of the replied: "Yes. Anything that protects banks and puts them under stricter watchful- ness on the part of the state is of course beneficial to the people." "How from the standpoint of the "I don't see how the state banks are hurt by it. It simply puts them under a code of rules similar to those followed by national banks." "Would you advise the peop'a to vote in favor of the "Yes, for I think in.the bulk of it, It is an advance and improvement along the whole line of state banking." "Which clause appeals to you as the most desirable feature in "I should say the reserve clause be- cause It compels banks to be strong enough to stand any ordinary demand of its desopitors; also because it pre- vents a bank from lending too large a proportion of its deposits." PRESIDENT G. W. ROE. G. "W. Roe, president of the Commer- cial bank to the interrogation of the newspaperman as to whether the re- vised law was a good one from the sandpoint of the people, replied: "Yes, it affords additional security for the depositors." "How do you regard the law from the standpoint of the There are restrictions'in, the new law that conform to the. national banking law in regard to loans which I think are entirely proper and should be made." "Would you advise the people to vote for "I would." "What particular feature appeals to you as the most desirable in the new "I don't know as I would care to designate any special clause: as a whole I think it a, good amendment to the state banking law." CASHIER DALY. The last person to express an opin- ion on the new banking law. to the re- porter was Thomas Daly, cashier of the Commercial bank. To the question: "Is it a good law from the standpoint of the Mr. Daly replied: "A most excellent furnishes them a protection they haven't got at the present "How do you rc.card the law from the standpoint of the "It depends on the kind of bank. A safe, conservative bank can find no objection to it." "Would you advise the people to vote for "In the int-crrsts of the people, yes." "Which is 13Jt- most desirable feature in your opinion, in revised "The liability clause, which says. 'Because- the stockholders of cvrj-'bauk shall be .individually liable. and ralably. not one for another. Ihe benefit of Ihe depositors in said bank, to the amounl of JJaeir stock at Ihc par valwe thereof, in addition to th-j amount in sSork. hplflint: as adjnini.slr.i- guardians or hoTtJJnsi Ftor-k as shall 1.: as IMJI Jhc or in Uieir ofljwtitnlinsr Jhe trust shall JiaWe lo Hie saaTH" us the It-sta- ler, inlcslato jx-rsx in trwsl fund would ho if or oornpi-ivnt to act and t3r-: icji stork sha? 1- r and Is.iWc this scc- Such continue for sixty clays any transfer of stoc-k." Soresg Ulter8 WI W oapt. J. H. Me- BlUVKii.of "Foryears'] miflVml intensely from a running swoon my leg, caused by a wound received in the tinny.- was treated by a number of doctors; and took many blood medicines, without the slightest benefit. S. S 8. was recommended, and the first bottle produced a grr-at improve- ment. The poi.Kon was forced out. and the sore healed up S.S.SJrh (Swift's Specific) is the best blood renji--. dy because it cures the worst cases. J; is guaranteed purely and com- pletely eliminates every trace of iuipun blood. Valuable books mailwl free b< Swift Specific Company, Atlanta, Ga. A Delicious Piece of Pie You can enjoy when your pastry is made from our superior Marvel flour, and our fine preserved fruits, in either glass or tin, mincemeat and pumpkin. For cooking and baking of all kinds the housekeeper will find our pure and high grade food products unsurpassed for quality and general satis- faction. Oysters fresh daily from the coast at 22 and 25c per quart, fresh baked crackers 4 Ib. for 25c- J, E. DONNELLY CO, St. Cor Light Avail yourselves of the low prices that Cook  wrJW We De- sire with every one who wints a location with JacSJUies for rcaca- iniz markets W. H. K11.LES. C. WPU.11WTON. Industrial Cnm'% Tnlflc M. F. WHITCOMB. VVSPAPERI   

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