The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-14

ton. the following proviso; Provided.
that any OF such children have been pro-
vided for "a Sc; out in this act.
a vote was taken on Mr.. Marum's mo-
ton to strike out the entire section, which
carried.
Mr. Garrison's amendment was incor-
pora;ed in the bill as section ..
ROSES BANKING BILL.
Another bill Of great Importance IN
now under consideration In the house. 10
il the banking bill introduced by Mr..
Pose. IL provides that the governor. Sec
rotary. treasurer. auditor and attorney
general Of the territory shall constitute a
territorial banking board. They shall Is
sue charters for the Incorporation Il
banks and have control and supervision
over any corporation. partnership. finn
or individual in the banking business
No bank can do business II not incor-
porated by this board. Any FIVE or mors
persons can organize and start a bank
SHARES OF stock must be paid up one
third
The bill requires that az the hour oe
opening a printed state ment shall ia
hung IN the bank In a conspicuous placs
giving a fun report OF the condition oc
the bank az the hour % c'osinE the day
before Banks are prevented from IN
vestinE any Of their deposits or assets
directly IN trade or commerce OF any
kind. business or other corporations. -
is not allowed 10 hypothecste any 81 It's
notes or securities excepting Tor pur-
poses OF rediscount subject 20 rsdenp-
ton. II shall not use its assets % prop
psrty 81 any kind az collateral security
or any security. The bank r aot al
lowed % rediscount any % So paper 40
more than a. a rate % 10 per cent. and
then not except 10 obtain cash money -
be used directly IN carrying on It's BUSH
ness
All banks are required 70 have a paid
up capital cities OF ] 900 inhabitants or
less. s.. 0l0. 500 or Jess. $40 600: q niors
than 500 and less than 200. 1880
The bill adds 5000 each !. 900 Inhabitants
where 70 requires $4,000.
Shareholders are held individually
responsible without any exemption Avs
20 double the par value. Banks are re-
quired 90 a. all timez have . TeseTys
fund az y Pc cent % deposits
Banks are allowed 20 purchase prop
erty only at sales 70 secure debts. They
are not allowed 20 make any loans OF
discounts on me security ~ the shares
% it, Own capital stock. nor % purchaSs
any such. M stakeholder or employs g
the bank is allowed 70 borrow money "a
bis note. Upon aridsvit- 81 any I've de-
posit0-s % a bank that q ls in an unsafe
condition. the territorial hznkinR board
shall can an examination az the bank.
4 section providing that = per c~ns
% the assets De annually paid into -
territorial banking board % - bed ss
a fund - pay depoaitor- % banks inss
have failed vac after long dso1te siricS-
en- ou:.
Tn salary % the baak Examiner VA
reduced from g 20 % 1000
SENATE ~ DETAIL
In The council this morning ~ chap
laia prayed that the members be Hum
ind 5v me sunshine - duty that ihsir
actions saau meet = a divine fsTgr.
Tae Journal O; y~Etefgsy vas resf
and approved.
Rils on se-1nS reading were .~zf -
title ard referred % committees "a fos-
lows:
Council blH 10. 10. 20 - COMMITTEES
on COUNTIES and county affairs
Council BIZ 40. li7. - COMMITTEES on
county All county Affairs.
House biu 10. 20. 70 Commits q IL
slc.sry.
Bills OK THIRD READING
C0gneI slI No. -. a. az; - gspr,fe .
-g5e % civil proce5Irs for Ese tsfT<.1ry
- Oklahoma. Ezs referred back - ths
cor1r.. ttee q re whole far cerTecilo1-
TIE Chairman y re O9Cn1.trse On -
slciary. NJ DeBois. submitted a fsyo--
4 be reportea council bliis %os. 1of. IL.
!. -. vim zrnsndrgsents. coencli Bills 10.
:, ard IL The ssase cprnrssffse r~pG-t-
= the foiis~la< oilis unssgc-abtTf
House bFn ~ =. ztfa a minority -
so-t 5y Sr. Ba55oip5. c3ssc.l bis 80.
. zna :
TIE coruni.f-~ 81 electors submitted
n E1fas7-abse T~Fso-z On c0uael ia No
s rslRslax % eisrfs5os
Tee ooEsrifts~ On ways ana mas -
,0-ts6 gatAvorzhiy On cou-cll bah -.
s cgurscl blU NJ - E4ss reported
glihost rfe9ulraen4sfi
COMMITTEE OF THE WHOLE
\ motive 81 Ar H4Turn q .3st2czs
o-si1~ra.-5n Z tle BE q ieEafs .
.o-rnsi srassl a. Ava zass r~K- Tues
a. o-01Eat ou- rather ssa:s9 elsczs-
.oa.