The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-02-12
NOT ONE CENT
Shall the Rate of Interest Be
Cut Down,
Says the Kansas House by Vote
This Morning.
MIR. LAMBERT'S BILL
To Have the Rate Made to Suit
Hard Times,
Meets With Disaster When Il
Comes to Vote.

AT the opening OF the mouse LulS morn
ing, several petitions were presented
praying for the establishment of state
normal school at Wichita. One of these
was from Hutchinson.
Mr.. Brown, of Pratt, introduced bill to
prevent barbering on Sunday, except in
certain instances
The committee on state affairs report
ed the bills for the election of a state
bank commissioner and state insurance
commissioners, favorably.
The insurance committee offered sub
stitute for MIR Andrews bill requiring
all foreign insurance companies do
ing business in Kansas, to invest
their earnings in Kansas bonds aud
mortgages. The committee bill requires
that SO per cent of all funds or accumu-
lations be invested in Kansas bonds or
mortgages, that these shall be deposited
in the state treasury and shall be subject
to taxation. Any insurance company
violating the act forfeits its right to do
business in the state. A substitute for
Mr.. Beekman's bill to prevent insurance
companies from combining on unit
rate was also introduced by the commit
tee. 1t takes the substance all out of the
Beekman bill by simply saying it any
company or companies should combine to
make a unit rate they shall be subject to
LAAO AdW DAOAAOAbluR 0AAA u 0Stos
The punishment for a violation of the act
is revocation of license.
Zimmerman Bill Passes
The Zimmerman bill reducing the fees
for county printing was passed. Mr..
Ballinger did not offer his substitute, as
he evidently thought it best not to stir
things up again.
House bills 365, 397, 1876, 1O6, aud 239
we're also passed House bill 365 re-
quires settlements four times year or
oftener if required, between the city and
county treasurer. It also requires the
city and county treasnrer to keep an ac-
| curate accountof all taxes, showing just
where they are so-they shall not get lost
sight of in court suits, defunct banks
and such ways. Three hundred and
ninety seven is to condemn side
walks where they are unsafe and
| authorize their rebuilding on petition of
| twenty five taxpayers in the ward. The
present law requires only ten signers
One hundred and twenty-six provides
! that the benefit and damage law be
amended so that bonds running one and
two years drawing per cent interest
| shall be issued to the amount of benefits
! to pay for the property taken in opening,
| widening or establishing grades where
| any damage is assessed These bonds
do not affect the city at large but are a
| lien on the lots benefited by the change.
| One hundred and six by Mr.. Rohrbaugh
| provides for the election of city clerk,
city attorney and city treasurer
in cities of the first class
instead of being appointed by the mayor
| as now. Two hundred and thirty nine
changes the present law in relation to
Improvements in cities of the first class
| and provides that only actual residents
| may protest against improvements being
| made.
In Committee of the Whole
The house passed several local bills
and went into committee of the whole OF
general orders.
The committee of the whole took up
Mr.. Lamberts bill to reduce the rate of
interest, and Mr.. Lambert said, like the
deacon, he desired to submit "a few
sensible remarks" "This is just plain
proposition" said he. at is to reduce
the rate of interest from 10 to 8 per cent
The banks of this state last year loaned
| $50. 600, 900, and this bill would mean
saving to the people of $1.000,00O. l be
| lieve that the prosperity of this country
depends upon the prosperity of the grea
| masses of the people in the development
| of the material resources of the country
1t is this class of people that this Law
would benefit Whenever anything 0
| LulS k1uQ COu0S t00E0 ~ dAWdJS
hue and cry about capital leaving th'
state, that it will ruin the bankers.
apprehend if we look out for the people
the bankers will take care of themselves
| Why this tender solicitude for Il few
Why this cry about injuring the interest
of the banker, when the great masse
of the people are to be benefited
Now after what l have sal
/ am ready to have the bankers friend
Jump astraddle of this bill. They ar
bloodthirsty and want to please bank
ing constituency. In my judgment tn
bill is reasonable and fair and ought t
pass
Applauded by PopulistS.
A number of passages in Mr.. Lambert
speech were applauded by the Popt
lists.
Mr.. Lamberts talk made Mr. Warne
of Cherokee. who is a banker, very warn
| He said he thought the house was was
} | which had been discussed on the stunt
"Wouldn't it be a good thing to enaS
f into law some of the promises made o
? the stump" asked Mr.. Lambert
Colonel Warner grew still warmer ;
this, and defied the gentleman to point
one promise he had made on the STUN
and mad not fulfilled He then defende
the banker, and pointed to the number
banks which had gone out of busine!
y because they couldn't make money.
: Mr.. Butler of Bourbon spoke again
1 the bill. He said such legislation W;
done for political effect
I'D like to ask the gentleman if he
> not in the money loaning business hin
self?" asked Mr.. Lambert.
Eyes, I was until the rate of intere