The Hot Springs star. (Hot Spings [Hot Springs], Dakota [Dakota Territory, i.e. S.D.]) 1886-189?, 1890-02-07
NO CASH FOR THEM.
THE SOUTH DAKOTA LEGISLATORS
GET NO MONEY DOWN.

II SOUTH DAKOTA LEGlSLATORs
GET NO MONEY DOWN..
The hanks Come to the Rescuc-at 10 Per
Cent-Somo Important Legislation Being
Worked ON the Sly-lIuron Wants the
University ana Aberdeen the Fair-A
Newsy Roundup of Pierre and tile
SOlOns.
ESPECIAL coRREsPoNDENcE.l
The legislative week at the capital has
been an active one and considerable work
hos been accomplished. The adjournment
of the house last week raised the question
as to whether the constitution permitted
the Legislature to adjourn more than three
days at a time. The desire for a recess
was 80 strong that the entire question was
referied to the attorney general for an
opinion The position of this last named
oIhcer Is ny no means an easy one, and il
the attorney is required. 10 addition to
ms numerous other duties, to guide
the legislature and point out the road in
which they must walk, he will earn the
thousand dollars compensation he now re.
caives.
The law makers were treated to O start
ling bit of news last week that for a time
created a sensation IN both houses, to-wit:
The treasurer of the state of South Da-
kota had declined to pay the warrants is-
sued by the auditor and the state paper
was ~dishonored. This leaves many Of the
members who are without bank accounts
ln a bad way financially. Board and laun-
dry bills must be paid. Credit is a luxury
of civilization, and the hotel men know
nothing about it. What shall We do
for money!" is the all absorbing question,
and the average member thinks It Is q con-
dltlon and not a financial theory that on
fronts him, md he is busy looking around
for relief. A joint committee has been an
pointed to examine into the financial af-
fairs of the state, and their report is eagerly
awaited. The bankers of Pierre have
come to the rescue and agree to discount
the dishonored state paper at 10 per cent.
The great mistake of the constitutional con-
vention was in limiting the amount of the
state indebtedness and bringing the state
credit into bad repute. OF cours the pres.
ent condition Of affairs is a bonanza for the
banks, and the people who do business
with the state aud are compelled to divide
their earnings and profits with the banks
are rounGly .cursing the men who are re-
sIohsible for this condition of affairs.
There liz a strong desire to submit an
w Su0 SOA6tAkuk1OA ullOW1Ik
the state to bond itself for a million dol
lars, and thus pay all outstanding obliga-
ions at one hundred cents OH the dollar.
We find in making1a canvass among the
members that the chances are excellent for
n radical modification of the present
exemption laws. The farmers have had
their eyes opened on the subject aud now
see that largo exemptions are not for their
benentit; hut few of their class can avail
themselves of the provisions of the law as
1t now stands; that merchants aud bankers
are the only ones who can schedule fifteen
hundred dollars worth of property. The
idea is spreading itself that the private
credit OF every individual in the STATE is
mere OF less disturbed by the law as it ex,
lists ut present. and the talk is general
among the farmers in the leeis.
lature, that q sweeping reduction in the
amount of property exempt will greatly
affect the rate of interest and will invite
outside capital. The farmers seem to be
the most active supporters of the bills in
troduced to cut down exemptions on per-
sonal property to $500. and o homestead
of eighty acres of land, OF a house and
lot in town, and it is safe. to predict that
reform will strike the present reckless
laws on this subject.
The friends of the different penal, char
table and educational institutions Of the
state are here, and they are making her,u-
lean efforts to impress upon the mem.
beis the necessity Of appropriating the
full amount asked for to run those estab.
lishments for the ensuing year. There is
a growing disposition to lop OFF everything
that can be dispensed with and as a natural
consequence many q sinecure will disap-
pear. The various institutions must all
be sustained, but in view of the low con-
dition OF the state treasury every item will.
be carefully gone over and reckless grants
OF money to erect new buildings will not
be heard of this season at least. There is
also an earnest demand that the standards
be raised IN the educational institutions
aud that hereafter all these establishments
that Tear the dignltied names Of univer-
sities L colleges must cease to be high
schools. This will do much to bring to it's
proper place a better standard of education
in the state.
move last week that will create a
surprise when this is read. An effort is
being made by the city Of Huron to re.
move the university o at Nermillion to
Huron and secure for the new institution a
large slice of the lands granted by the
general government for the state uniyer.
appropriation. She is willing TO
donate $780, 900 in cold cash for
this plum. A lobby from Huron is now
here working day and night in secret. In
this same connection it might BE- stated MS
n piece of news that outside correspondents
have not rs yet discovered that Aberdeen
will ask that the state fair be permanently
located at that city, and the gentlemen
VINO have in charge this measure confden.
TALLY assured your correspondent that the
entire northern section of the state would
rally to the support of Aberdeen in this
love. Ii a combination is effected
between Huron and Aberdeen there will
be music in the air and the
heretofore peaceful body of men who are
quietly Mt work grinding out laws will for
get eierything in the wild struggle to get
into the band wagon.
Gov. Mellette is on his way east with the
commission appointed by the legislature to
see OH what terms seed wheat can be &C.
cured for the farmers who reside in the
drought districts and are unable to pur-
chase the necessary grain to seed their
fields. The governor has expressed him.
self MS confident that the mission will be
successful,
"
Apologies for the Error.
In q paragraph yesterday, deprecotinp