The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-12
SENATE WAS IN THE DARK.
REPRESENTATIVE MCDONALD IN
PRODUCES A BILL RELATING TO
BANKS AND BANKING.
representative Johns Starts "A Couple
on Their Way-Speaker Jones I'm
able to lie Present.

Parle, presided over the brief session
of the house held last night, in the
absence of Speaker Jones. who, it was
stated, was sick at his rooms at the
Windsor. There were quite a number
OF empty chairs, it being the impress
sion that the house would merely con-
vene and adjourn until this morning.
In spite of this an hour was spent list
ening to resolutions, bills, etc. The
chaplain was also absent, and in his
stead Rev j. F. Stout, of the First
Methodist church, offered a brief
prayer. Representative Foss, OF Grant
county, lost no time in offering a reso-
luton asking that the sheriff of his
county be reimbursed for money spent
taking an insane patient. ], Frank
Deals, to the Pacific slope. The amount
was $418.S5 and the claim was referred
to the committee on claims
Henry Johns offered a resolution pro-
viding for committee of twelve, seven
from the house and five from the sem
ate, to draft a law carrying out the
enabling act. taxing the property Of
sleeping car and other companies. The
resolution was, for the time being,
tabled.
Senator Keller's sugar beet industry
bill came to the house last night and
the house concurred on motion Of Rep
resentative Littleton to the bill APP
pointing committee of nine from the
house ana senate to look into the de-
tails of one of MinneSota's new indus
tries, the raising of sugar beets.
THE ROUTINE.
H. F. 5 Henry Johns)-To amend chapter
Al of Laws of 1876 as amended by section 2
of chapter 67, Laws of 1877, entitled act
to protect the creditors OF assignors and to
regulate the duties OF assignees. Judiciary
committee.
H. F. 6 Henry Johns)-To amend chapter
14S, Laws of 1891. being act entitled "An
act to prevent debtors from giving preference
H. F. Udttleton)-To provide for the re-
vision and annexation of the General Stat
rites of the State of Minnesota. Judiciary
H. F. QGcDonald)-To revise the laws
relating to banks Of discount and deposit.
Banks and banking committee.
II. f. 8 (Gilbertson)A-To regulate the sale
OF intoxicating liquors within counties. Tenn
perance committee.
H. F. 10 CIcDonald)-Providi for excep-
tons to sufficiency of sureties in appeal bonds
in all cases tried upon appeal from justices
courts. judiciary committee
H. F. II MISUNDERSTANDING for return
OF property to defendant upon giving bond in
replevin actions in justice court.
A bill Of more than passing iapor-
lance, under all the circumstances, was
introduced by Mcdonald, providing
for d revision of the laws relating to
banks of discount and deposit The
bill is bulky affair and goes into
the matter Of banking quite extern
sively, The first point touched is the
liability Of stockholders. which is made
mere definite than at present The
general purpose of the bill is the en-
couragement of honest capital in in
Yestment in stock of state banks The
loaning Of the banks funds to any Of
ficer OF director is prohibited under
penalty. the amount Of money which
may be loaned to any one Individual
is reduced from about 20 to Is per
cent Of the banks capital stock, and
provision is made that a bank NAV
lean all of its time deposits, and up to
oO per cent Of its demand deposits II
IS required in the bill that every bank
snail submit quarterly reports to the
state bank examiner, giving detailed
descriptions Of each obligation and Sc.
cuflty due to or from the bank. Near
the end of the document is. a paragranh
setting forth that each violation of any
OF the provisions is subject to a spe-
cine penalty. New banks are to come
IN under the new law, If passed. and
all banks in existence now are given
a year to get in line.
Representative Littleton's bill. n. FIT
provides for the revision and annexation
OF the general statutes by a commits
SION or not more than six nor less;
tnan three members. to be appointed by
the supreme court within thirty DAYS
OF It's passage. The commission is to
commence its labors within a month
OF It's appointment, 800 copies of their
report are to be printed reasona h1a
ciefkhlre is to be allowed and tba
expenses are not to exceed So. 600
Representative Gilbertson's bin IN
regulate the sale of liquors provides
Tor submitting the question of license
or no license to vote Of the citizens
on the petition of per cent of the
voters or any town or village.
Ihere is every indication that when
the names of the chairmen of the
various committees of the house are
published it will be found that tne
honof of being at the head of the com
mlttee ON military affairs has been con-
ierfed on Representative G.. l.. West
OF the Thlrd district, who halls from
Austin. While there may not be very
much for the military committee to do
during the session the business which
VIII come up for consideration PROM
Uses TO De quite important hence tha
honor Among other items the hill
framed recently at the meeting of the
state militia will be OF no little mo-
ment to the gentlemen soldiers of Min
nesota.