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Show BRINGS TO TOWN THREE ELK FROM WYOMING The novel sight of several elk hanging In front of BUI? tfundav'e restaurant on fteeond Houth atraet thin morning has attracted conaldarable attention. The elk. which are itelng dlapoaeal Off tn rare bits to persona with dainty appetites, appe-tites, ware brought to thla city by ft IC i.e. of the i J. erter elk ranch at Oieney, Wyo In the Jacfceon Hole country coun-try Mr lee has permits from the game eirlen of rice ntnlee Wyoming'. Idaho and l'tah -entitling Mm to bring the animals to thla city. would be far eaier at 2 par rent, though departs might be smaller, than at 2H per cent or more with greater deposits and rorresnondtarly greater risks in time of stress. He cited tba rase of the Hank of t'ommerce in Kansas City, which paid interest on depnaita. and which could not stand the stress of the panic of 107. though it had tM.000,000 or more in deposits. He cited the case of the First a-tional a-tional bank of Billings. Mont., which sought deposits at 0 per cent. That hank got money from all over the western west-ern country, hut when money tightened up two yearn agn the funds were withdrawn with-drawn and the hank was forred to close its doors, though It waa anlvent at that time The comptroller of the currency, he said, looks with disfavor on banks paying pay-ing high rates of interest. Though there is no law to rover this and repaints repa-ints It the comptroller advises agairst I he practice, and to punish those hanks that pav rates too high for safety, examine ex-amine them four times a rear. Bavlmni Rate Too Huh Mr tMgrtnT said that par caot Is too lilxrt a rate to pay on aavlnga depoelu. Ttie clearlua; bouse, be aaid. paya na la-trt la-trt un checking account. This practice prac-tice la riMisiucred aa dangerous as to pay high rata on other accounts, because be-cause of lb Instability of these account and the lack of knowledge aa to the duration of balances. He aaid that the average man who depoelia hla amall ac-coiinta ac-coiinta In tlmee of prosperity, looka to the bank for loana In times of dlatree. and aspacta the tN.uk to make theee loana. The law In Bngtand, he aaid. Is that the depoattor must carry a bnlanca of teOOO or pay th bank for handling the account- The large New York bank, he aaid, will not handle an account at ieea than IIOOO average balance The government doe not require the payment pay-ment of Interact oa Its checking ac counts, and requires only : par cent un time deposits. Ths rates of exchange charged by hanks are rower than ttioe charged by the government and the expreaa com- pniil e-v. change rales are a just charge, lie said, for transferring the money to distant points If exchange charges ara eliminated the difference must be charged to the borrower. No charge Is made for pocket check books- Ths charge for specially printed check bocks Is Just enough to cover the coat of manufacture. He declared that the state ahoald enact adequate lawa to safeguard the banking business and the funds of the public carried In the hanka. Ha asked that the state ft the rate of Interest In-terest on time deposits He tinted a stronger and more rigorous state supervision super-vision of tha hanking busineaa generally. gener-ally. No Intereat on Open Account. He da la ied thai even If the bill were passed. Lis institution would not pay In- I tereet on any open account li coin- pet i tori paid such intereat they would bulkt up tueir bun In ess mote tepidly, but In times of need they might fall short. He declared that the rule forbidding pay- ! ment uf Intereat on checking accounts does not destroy competition, but holds It within the bounds of eafety. He called attention to the failure of the SchettJei bank In this city a number of years ago, and asserted that that Institution Insti-tution paid C par eent. Caahiar Rugena alias of the National , t'opper bank waa then given the floor. I and declared that he considered the hill i a good, who) a ao me meaaure. Ha said ' that ha did not consider Mr. CoagrtlTs discussion to be against tha measure on , any point. He aaid that the passage of ths) measure would neither help nor Ttarni his institution. A clearing nouae, he said, under good management, la good ' tldng. Mr. Qtles said that the repreaentativ r of the clearing house udjnlt the ftgesaaitj of paying Intereat on deposits of big institutions in-stitutions llks railroad, exprees and lit sura nee companies, but those hanks al ready have that business. If his ban, as a member of the ctearlrie; house, were to be asked by one of these corporations to take their deposits, tlfcey wishing to change their depository, it would be necessary nec-essary for his Institution to Hk for and aecure the permission of the Inatltutlons that already have that huslnees. for him to take It away from tham. "Do the -vther hanks In the Clearing House association ksep the rules of the association"" asked Chairman Bmlth "Tou have already made them admit that one bank, not a member of the clearing clear-ing houae. is clearing thrnugh a batik that Is In the association. This is a direct violation of the rule." Tlie committee then voted to adjourn until tomorrow morning, whan the hill will be taken up for further discussion. An amendment to Mi measure was pro- rroaed. U Include .-oinhiffatlereis fnr ft-na ft-na of rales on hIMttnne of the men sure T: e IM dls-.uaard with th.. other pusses uf the measure tomorrow. |