The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-01-10
IMPORTANT RESOLUTIONS.
Stephen Alliance, Asks Postal
Savings Banks and National
Loans.


Loans.
Our old friend, Mr.. John Whalen,
sends us the following valuable reso-
buttons and in a private letter &C
companying them he says:
eve will send delegate to Mime
apOlis on the 9th, from our alliance,
at our last meeting vote was taken
on the possible candidates for presi-
dent OF the state alliance all votes
were for Donnelly-none we're
against. You will see that the alli-
ance men from our town have firm
belief that he is the right man in the
right place. | hope he will be our
president for the next year. l think
it would be the very best thing the
alliance could do. Our enemies have
said all they can against him, and he
has come out ahead, If We elect new
man and he is man who is for aid
ing the farmers, he will have to stand
the same kind of assaults that Mr..
Donnelly has, with the result that
some will fall away from US again. I
am sorry [ cannot be down to the
meeting, P. J. Sinnott will be our
delegate.
At meeting of Sinnott alliance
No. 800, held Dec. 81, 1893, the follow
ing resolutions were passed:
Whereas, There has been numer-
Gus failures Of savings banks in the
United States during the last year in
which the people have lost in some
cases nearly all their savings; and
Whereas, Under the present laws,
failures of savings banks are liable
to happen at any time; therefore
Resolved, That we request our
member of congress, Hon. III. D..
Boon, to introduce bill in congress
to establish government savings
banks on the following or some bet
ter plan:
l. That all money order post offices
shall act as savings banks, and shall
receive deposits from the people in
any amount; but no person, firm or
corpora tion to be allowed to have in
government banks more than five
thousand at one time.
2. That interest at the rate of
four per cent per annum be paid on
all deposits remaining in government
banks over one year.
3. That all money deposited in
government banks, be free from tax
alton the same as government bonds.
4. That. should it be proven, that
one person, firm, or corpora ton, has
deposited in government savings
banks greater sum than five thous-
and dollars, all in excess of that
amount shall be forfeited to the gov
eminent.
The money deposited in govern
ment savings banks to be loaned to
the people according to the following
plan:
az All money loaned shall be Sc
cured by first mortgage on land with
interest at the rate Of five per cent
per annum. loans to run ten years,
ten per cent Of the principle and in
terest payable yearly.
b. Any person to get a loan from a
government bank, must be a citizen
of the United States or shall have de-
clared his intention of becoming one.
c) No person shall be loaned on any
land situated in the country village
town or city a greater sum of money
than three-fOurths the assessed valu-
alton, as returned by the assessor.
d. No person shall be loaned money
on more than 100 acres of farming
land, one-half acre in villages, or one
building lot in town or city.
e) No person shall be loaned money
from a government bank unless they
actually reside on the farm or lot in
village town or city at the time of
application for the loan.
Resolved, That we send copy of
this resolution to Congressman H. E.
Boon, of Mimi, Senator PETER, Of
Kansas, and to the REPRESENTA-
TIVE, at St. Paul MINI.
JOHN WHALEN,
S. LUNDIN, Sec'y.
Pres.