Omaha daily bee., 1896-03-06
SHUTS OUT THE NATIONALS
Building and Loan Association Bill Passed
by the Iowa Legislature.
STATE PRESERVED FOR THE LOCALS
Provisions Made so stringent that
Foreign Companies Cannot AZ
ford to Comply with Their
Requirements.

Requirements.
DIES MONIES, March 5.-(Speclal)-Tht
senate consumed its entire session in dis
cussing the substitute for the various bills
governing building and loan associations
Senator Ellis moved to strike out all that
part of section 21 Of the committee which
required all building and loan associations
not incorporated under the laws of this state
to make deposit of 100000 either in cash
or approved bonds. Senator Junkin made q
lengthy argument in favor of allowing this
section to remain, citing the fact that this
provision has been incorporated into the
statutes of nearly every western state. He
held that the retailiatory clause and the
provisions relating to examinations would
not prevent wildcat companies in other
states from coming in and preying upon
the people and Withdrawing at the end of
each year. Senator Carney admitted he was
a stockholder in domestic company, but
said that these associations were not ask
ing for such protection. Senator Eaton de-
sired to know If the associations alone were
to be consulted why the senate hadn't better
stop this wrangle and let the associations
make the laws? Senator Trewin also de-
Tended the section.
In answer to a question, Senator Junkin
said he favored the retention of this pro-
vision the broad principle that it was
the duty of the senate to protect the citi-
zens of Iowa, as against the citizens of any
other state The senate refused to strike
out the section by vote of 81 to 8.
The senate bill differs from the one passed
by the house in many particulars. The
senate is not disposed to authorize these
associations to do anything in the nature
I,,, I. L,,~t o,,1 oh
the deposits so large that no outside COM
pany can afford to comply with the con-
ditions. Every motion or amendment tend
ing to remove or modify these requirements
was uniformly voted down.
Senator Lathrop moved to reduce the
filing fees from 500 to S25, the same as
required Of domestic companies, but the mo-
tion did not prevail.
An amendment by Berry was adopted
requiring foreign corporations to file with
it's annual report the names of all stock
holders in this state, with the residence of
assessed for taxation.
The contest over the method of COM
pleting the soldiers monument will come
up in the senate as a special order to-
morrow The majority of the senate COM
mittee has reported in favor of the re-
moval of all medallons uof dress parade
soldiers and ncn-resdents some twelve in
number and the substitution of the medal
lions of members of regiments not now
represented. Palmer and Bell both veterans
of the rebellion, will file minority report
in favor of removing all inscriptions. The
house committee agrees with the minority
of the senate but 1t will require the joint
action of both branches of the general as
sembly in order to change the present de-
signs. f-.',
The house committee on public health
killed. the following bills: By Baker. pro-
viding for state board of embalming; by
Whelan, requiring the engineers of all sta
tionary and semi7portable steam engines
to pass examination and secure license;
by Marti, providing for the cremation OF
all persons dying of contagious diseases.
The pure food bill, introduced by Van
Houten, has been reported fos passage both
food and drugs are included The standard
of purity for drugs is the same as laid down
in the United States Pharmacopeia.
CIGARETTES AND "HOPS'' PROHIBITED.
After a sharp contest over parliamentary
points the Phelps bill prohibiting the manu-
facture and sale of cigarettes. was taken up
and passed, 50 to 21. The only amendment
to the Phelps bill provides that nothing
in this act shall be construed to prevent
wholesale dealers from supplying at points
outside the state in original packages.
With this exception, both the manufacture
and sale within this state are absolutely
prohibited Temple opposed the bill On the
ground that it was in conflict with the
After voting down further amendments
the building and loan bill was passed sub
stantially as it came from the committee,
Ayes, 46; nays, 0.
CONDITION OF THE TREASURY.
Senator Funk presented lengthy state
ment of the condition of the state finances.
The sum available for extraordinary appro-
priations on 2-mil levy is $500, 900; on a
2R-mill basis, $67500 without the ad-
ditional normal schools, the sum total of the
appropriations asked for exceed 81 800 0OO
almost three times greater than the highest
estimate of receipts. The report scores for
mer legislative assemblies for making ap-
preparations in anticipation of expected
revenues, and gives the following reasons
for the depleted condition of the state treas
ury: The state census and the code re-
vision have made important drafts upon
the state treasury, not included in previous
estimates; the money in the state treasury
of the war and defense funds, received from
the general government and appropriated for
the erection of the soldiers monument had
been used in meeting demands upon the state.
and the fund has been called for during the
last biennial period.
After this announcement the republicans
met In caucus and decided to make every
possible effort to finish up the code, at this
session.
The following bill to suppress opium joints
passed the house unanimously:
Any person who shall keep and maintain
any shop, house, room or other place, to be
resorted to by other persons in which opium
or any or its preparations compounds is
sold, or given away to be smoked or used
IN such place, or who allows opium or any
or It's preparations to be smoked In such
house, shop, room or other place, and every
person who resorts to any such house shop
room or other place for the purpose Of
smoking opium or its preparations and com
pounds, shall be deemed guilty of a m!sde-
meanor, and upon conviction thereof shall
be punished by a fine not exceeding $500 or
by Imprisonment in the county iail not eX-
ceedlng six months, or by both fine and i'm
prisonment. .r-r
The legislature not only finds 1t necessary
to enlarge the insane asylums, but 1t is also
found on investigation that@the penitentiaries
are full to overficwng and their capacity for
properly caring for the aonyicts must be
increased. For this purpose the house COM
mittee on appropriations has prepared bill
to enlarge the capacity Of the Fort Madison
penitentiary as foll,ws: sltG
For pacing new tier of steel cells
and fixtures. ....,..,...........,,S $50 600
For extension of yard WALL to be
built of stone. Observation-Disclosures. IS 900
For building wall of cell h6use and
raising roof one story ;. 2! !A!a......... 5000
There has been some feeling in favor of
establishing an intermediary teformatory for
the Incarceration of juvenile criminals only,
but the present condition ofJthe state treas
ury will not admit of this action at present