The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-02-13

n AAL1 =
vote. It provides that the duties of the two
Offices shall be performed by the county assessor
and treasurer. but allows the presentincumben IS
| of the two Offices which are to be abolished to
continue until the expiration of their terms.
| AN APPEAL TO PATRIOTISM AND PUBLIC SPIRIT.
| Lieutenant governor Manson yesterday after
noon presented to the Senate the address of the
! G. A. r. monumental committee, asking the
| General Assembly to make appropriation for
! the purpose of erecting monument tothe mem
DRY of the soldiers of Indiana. The committed
states that after twelve months about 81, 200 has
| been subscribed by citizens of the State for a
| soldiers monument and of this amount $4,000
| has been paid into the treasury. They state,
however, that the old soldiers, when called upon,
responded that they had performed their duty in
suppressing the rebellion, and that it could not
! be expected that they should contrib
ute the money to build nonu-
ment to themselves and the cause for which
| they fought. Citizens when called upon have
said that such work should be paid for ont of
the public treasury, so that the burden should
fail upon all alike. instead Of upon few gener-
Gus and patriotic contributors
The committee presents this to the General
Assembly as statement OF the condition of the
enterprise. In conclusion. they say: I'VE make
no humble appeal to you to furnish the means
and build the monument; but we do point to the
graves of unknown Indiana soldiers on every
battlefield Of the late war; to a country saved
/ from disruption, and made unpFecedentedly
prosperous and the marvel of the world by the
valor of the Union soldier; to the old flag with
not one star missing and then to the capital of
Indians, where there stands not one stone to
mark the heroic age of the State, or to cornmem-
hot nd hAr fam and
brought such blessings to the people" The
matter, after being read, referred to the
committee on military affairs for consideration
THE METROPOLITAN POLICE BILL
The metropolitan police bill, it is now believed,
| is likely to be defeated The Democrats are di-
vided upon the matter, and the opposition is
gaining strength. The Republican members of
the General Assembly last night decided, in eau
Gus, to vote against the BILL and with the disaf-
lection upon the question that exists among the
Democrats, the fate of the bill is matter Of
doubt.
THE DEMOCRATIC CAUCUS
The joint caucus of the Democratic members
of the General Assembly last night was in SEES
| sion until 10 o'clock. The time was occupied
almost wholly in discussing the gerrymandering
| schemes but no conclusions were reached, and
| the caucus adjourned until next Monday even
ing The Democratic State officers, including
/ Governor Gray, Auditor Rice and Treasurer
Cooper. were called in as advisory members. The
apportionment schemes are giving the party
| much trouble, because ''there are not bones
| enough for all the dogs" and much difficulty is
being experienced in trying to satisfy all. No
other questions were voted upon by the caucus.
THE BANKING BUSINESS.
( There are two bills in the hands of the Senate
committee on bapks. and two pending before the
House committee. From among these proposed
| new laws a hill will be selected Or prepared
which will doubtless be enacted. There is a
strong sentiment in favor of more stringent reg
| ulations of the business, and without the infu-
ence Of powerful lobby is brought to bear upon
! the majority there will be some vigorous bank
| ing legislation. The Senate bills were
| introduced by Senators Peterson and Bailey.
The Peterson bill simply requires the publication
| of report of the condition of each bank doing
business in the State four times instead of once
a year The Bailey bill gives the State Auditor
authority to call for special examination of any
bank whenever he believes that it may be
| needed 1t provides that no loans can be made
( except upon welEsecured commercial paper, and
| for no longer time than $50 days. When in
| solvent, contemplating insolvency. the bank
| shall make no arrangement or Contract whereby
| any creditor shall be given preference, and a
| violation OF this provision will be subject
! to fine of $1,000. from two to ten
years imprisonment. No mortgage or convey
anee of real estate shah be taken as security for
| any loan, unless the personal security becomes
I insufficient, and where it becomes necessary to
take real estate to avoid loss 1t shall be sold as
soon as practicable Ii not disposed Of within a
[ year. any person Offering in cash the full amount
| of the original loan, with interest. shall be en-
I titled to receive a deed of conveyance for the
property. No greater extension Of time can be
given on loan after the maturing Of the original
L IL, -
insolvent it shall be unlawful for any bank
to hypothecate notes or bills Of exchange for
| which there is fixed penalty of fine from SIC
I to IS Coo For receiving deposits when about TO
fail, fine may be imposed fordouhle the amount
| of the deposit. with the additional penalty of
| from one to fourteen years imprisonment, and
disfranchisement. The State Auditor is given
| the same power IN relation to- the appointment
of receivers in eases of insolvency as conferred
[ upon him by the savings bank law, and he is
| authorized to assess one twentieth of 1 per
I cent of the amount of each banks investments
/ for the purpose OF paying the expenses Of exc
cutting the provisions of the bill
| Besides the Jameson banking bill, one has
been introduced in the House by Mr.. Pendleton,
which is covered by the provisions of the Bailey
/ bill. Representatives Farrell and Schmidt, of
| this county, each have bills which they will in
troduce soon, providing for the regulation OF
savings banks. The one which Mr.. Farrell will
| offer has been carefully prepared by the In
! dianapoliS Board of Trade, and embOdies all the
| features of the Eastern laws The bill which
| MIR. Schmidt will introduce was prepared by Mr..
I J. j. Bingham the State Savings Bank Exam
I liner, and is about the same as the Iowa law.
Minor Mention.
g. F. Little, Of Worthington, was among the
| visitors TO- the House yesterday.
| Adjutant general Koontz thinks that the State
militia bin win now pass both the Senate and
House.
! Senator Magee has introduced a bill which pro-
| poses to amend the existing statute, so that any
part of street or alley, we'll as the whole of
| il, may be vacated.