The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-03-21
Acting Governor KIls Another nm,
Passed In Interest Of w1rkingmen.

Passed In Interest Of W1rkingmen-
OLYMPIA, March % Special IL Lieuter-
ant-Governor and Mrs. LauShfon left this
afternoon for Tacoma. Before leaving Mr..
Langhton gave for publication his reasons
for vetoing House bin No. LIS and a por-
ton Of House bill No 40.
Following are his objections to House
bill No 13s, entitled An act 10 make
tlme-checks for labor negotiable. and bear
inteIest from date of issue.''
Section provides that III time cheeks CT cer-
dfcaies OF indebtedness for labor, etc.. shall
hear interest from the date of issue until PAID,
at the rate Of 10 per cent per annua- section
applies the provisions of the hill to sss.l persons
any ylcaa1lon OF these provisions a misdemeanor
Punishable by 4 fne OF from $50 to s2ae for each
gnd every odenseL Section repeals al conflict
ing statutes The governor says.
am in gyTnpathy with the purpose OF this
bin, and weric gladly approve 1t II Il contained
. provision Tor the presentation Of such checks
or certificates for p&y Taenf, and made the inter
est to run from date Of such presentzticn and re-
frsaa 81 payment As & Nzs paRecd, however,
II opens the door 70 gruss snd m1n1fest Injustice
b. making all employers liable TO pay 10 per
Cent interest on time cheeks or certificates
which may not be presented fnr payment within
q reasonable time, or even for mary years
after issuance. The true rule is fhas
which obtains respecting warrants of public
ofhcers for the payment OF public moneys,
which bear interest only from the Date OF their
presentation Tor payment and refusal TO pay
them for want of funds Ten per cent il high
rate of interest in our present state of develop
mEnf as a commonwealth and as an industrial
community The prevalent rate of interest upon
safe investments is per cent per annnsn- This
rate IL sure to grow less our industries are ce
md r,rYv ivnrr h.
comes known to moueyed corpora
tons IN the Last. Tuuar this biz
spectators might praftahly and safely
buy time checks or certificates ard hold them
fer many years without presentation For pay
melf, snd then demand 10 per cent interest
upon them from the dste Of issne, while during
most OF this period the employers might have
been ready, willing and anxious TO pay them
There is little doubt fhaf spectators woald
quickly avail themselves cd the loose generality
CT fhistil- If il became q law, End purchase
such checks or certificates Al a large diseouu;
from the honest foilers, and and 70 ihfir dis
count profts By the high rate of 10 per cent per
annurn- ] am satisfied that such . h5il woad
inure only, or at all evEnis chiefly. to the ben
eft OF such speculafors, and thar merita-5ons
laeoring men would receive no advantage
from IT.
In signing House hill l7n, entitled, aAn act to
provide for the location and maintenance OF IN
Agricultural college, experiment stst-cn sad
school of science OF the state Of Washington,
snd declaring emergency" ! approve oI the
same with the exception OF an item IN section 5
creating the board OF regents and their succes-
sors, which reads as follows "A body cc-pof-
ate, with the name and style OF the board Of
regcEn OF the agricultural college OF Wash
iagton. with the right A such Of suing
and being sued, OF contracting and hs1ng
contracted with, oi making and using com
mon seal and altering the sa-ne a. viii, which
is IN conflict with the express provisions Of the
constitution Be subdivision s. OF section 3, Of
article ?, Of the constitution, the legislature is
expressly prohibited from ensetlrg private or
special laws .ior granting corporate powers or
privileges" section H. OF article IL. OF the ron
ststufion prohibits TIE creation O. municipal
corporations by special acts section os article
L, makes q similar inhibition Is TO private
corporations, and the subdivision before quoted
from article sweeps IN al possible forms Of
corporate bodies Besides creating This eoard
OF regents q body corporate in general terms,
section az this act proceeds to exclude all
eonti Of its uBeoastltufianaiity by specifically
cunfsrrsng npon the board those powers zna
privileges which are universally arce3sec in the
law as the distinguishing chGracteris1lcs OF cor
raratiols-
Tie governor made no further appoint
ments Today