Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1893-02-03
Wants the Leci,lature to Act.

family.
---
Wants the Legislature to Act.
Now that the public examiners report
has been made public. it would seem to be
incumbent upon the legislature to take
some notice of it and adopt such measures
as will remedy the evils that have been
brought upon the state by the reckless sort
of banking business that is therein eau
stically described
In addition to the legislation proposed
by Public Examiner Wallace, investing
powers in thai officer similar to those now
held by the United States bank examiner,
it is desirable also that upon an examina-
ton by the public examiner, the fact
should be Immediately made known. so that
the people of the state should not be kept in
ignorance thereof until long after, as is
now the custom. In the case of the Mort
gage, Bank and Investment company, one
OF ''MearS' Institutions the report Ut its
goes back to the 18th of March, 1892. nearly
eleven months ago.
Had the facts been developed then as are
now disclosed in the report alluded to, the
public examiner, the governor. attorney
general and grand juries could have
taken action and the disgrace to the state
and the losses to its people would then
have been avoided, trouble and Sc
thereby saved and justice meted out to all
Offenders.
Ferdinand Ward in New York and Mrs.
Howe Of the "Woman's bank tame in
Boston, both served terms in prison for SIM
liar banking practices, though not so ag-
gravatlng and corrupt as those practIsed
by E; Ashley Mears in the organization of
l ssSniHaS HnVn no pIAs nr tr;nt x.1ot,
ing, "%bleeders,' to assist him in his frauds.
The law should also be amended so as to
compel an officer Of a bank or any cOrpor-
alton organized under state laws to adver.
tise the holding Of the annual meeting BY
giving written notice to each stakeholder
at least thirty days before such meeting,
the notice to give the day, hour and place
nor any other officers should have any
power to change bylaws in regard to
meetings except at annual meeting and
with q two-thirds vote of the stockholders,
the violation OF which provision should
subject the offenders to fine and ,mprison.
ment.
No meetings have been held of the
Mortgage Bank and investment company
OF Fargo. since September, 1890, though il
was falsely reported that such a one had
been held last yea
There is sufficient here indicated, as well
as in the report of the state examiner now
before the legislature, to justify promp,
and efficient steps for the redemption OF
the good name of the state, to protect II
from those methods made 50 odious bv
Mears, as well as make such an example
OF the great culprit as would deter others
from coming to the state tn engage in such
nefarious practices as have been made
notorious by their exposure in the third
annual report of the public examiner.
There is no legislation that would re-
dound more to the credit of the third legis.
lative assembly of North Dakota than that
which would promise relief to its usury.
cursed people, and in consideration of such
legislation, they might we'll forgive many
OF the shortcomings that attach to legis.
iative bodies and pass them down in
history as good and fnithful servants.
Bismarck, January 30 1893.
After July L, 1893, South Carolina
will have official agents to sell liquors
The legislature has passed a bill and
Governor Tillman has signed it, which
takes the sale of intoxicating liquors out
OF the hands of private individuals and
puts it in the hands of official agents
state and county. The profits will 20 to
the state, counties and municipalities
and the agents shall be paid stated
salaries. 1t is not an attempt to pro.
hibit the traffic, but to regulate it, and
the experiment OF making the state the
official saloon keeper will be watched
with interest.
Northwest News: The patents for the
school lands OF North Dakota are held
up, because the commissioner demands
specific proof that they are not mineral
lands and are unappropriated; that liz
free from squatters or any other sort OF
incumbrance.
Russell Sage began his business career
in a grocery store at Troy, n. y, where
the young lady who afterwards became
Mrs. Sage was attending school.
Bucklen' y Arnica SaIve.
The best salve IN the world for cuts
bruises, sores, ulcers, salt rheum, feye,
sores, letter, chupped hands, chilblains
corns and all skin eruptions, and posi-.
lively cures piles, OF no pay required. II
is guaranteed to give perfect satisfa..
ton, or money refunded. Price % cents
per box. For sale by Tenny e. Reming.
ton.
Word has been received al Lisbon
from Los nOalac (t.I tb,& a.. ne. IL