Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1900-03-27
THE F|vE-N|LE LIMIT Bill.
Measure Passes Iowa Senate to Keep
Saloons That Distance from
the State Schools.
WILL UNDOUBTEDLY PASS THE HOUSE.
Building and Loan Bill Proposes Re-
fOrms-Aid for Scllools-Polls VIII
Be Kept Open Longer-Printer and
Binder Elected Other Notes of
General Interest.
Especial CONSEQUENCES

Especial Correspondence
Des Moines, Ia, March 10. The
so-called 'five-mile limit" bill passed
the senate on Wednesday, receiving
30 votes, democrats and 25 republic
ans. Ten democrats and eight repub-
licans voted against the bill. One dem
The vote was as follows:
Yeas-AleXander, Alberson, Allyn, Ar
thaud, Blanchard, Brighton, Classen, Craig.
Eaton, Finch, kirkpatrick, Gorrell, Girls
void, Hartman, Healy, Hopkins, Junkin,
Lewis, Lister, Mardis. Motif, Mullan, PEN
| rose, Perrin, Porter, Smith. Tallman,
| Trewin Wallace--29.
Nays-Bachman, Ball, Bishop, Cheshire,
| Emmert, Hayward, Hazelton, Hobart, Hub
| bard, Lambert, Lyons, Macarthur, McIn-
| tire, Nolan, Titus, Townsend, Wilson.
| Young-1S.
Absent-Bolter. crossley. Garst.
| The bill will be pushed in the house
and will in all probability pass that
body if it ever reaches vote. 1t pro-
hibits the operations of saloons within
| five miles of the State university, Ag-
| ricultural college and State normal
school or any state normal school here
after established. There are no saloons
near the Agricultural college or State
normal school, but in Iowa City there
are 21. The supporters of the bill
claimed that these saloons did not obey
| the law, and thatstheir existence near
the university was menace to the
morals and health of students. The OPP
| ~ 1, &1,o+ oil
are operated in other university towns
and that the moral atmosphere of Iowa
City is as good as that of any city of
| it's size.
| Building and Loan Bill.
The building and loan bill as finally
| agreed to by the senate committee for
bids the issuance of paid-up stock or
guarantee stock with fixed dividends in
excess of eight per cent, and all such
stock now issued must be retired Jan
! uary l, 1901, or replaced by stock draw
ing not more han eight per cent. Other
provisions are:
All expenses must be paid from the prof
| its. During the first two years of an as
sociation'S life the expenses may be %
per cent. of the profits, after that no
| more than 10 per cent. New organizations
may take five per cent. out of stock payments
| for expenses, which must afterward be
refunded. Domestic local building aSso-
Citations with less than 100000 assets may
take 20 per cent out of the profits for ex-
penses. No building and loan association
in the state may spend more than $4,000
per year for expenses and a complete state
ment OF the names and salaries of Off
| ports
Al rs AL forfeitures are forbidden
1oshds shall be paid only on the
p Mount standing to the credit of the stock.
/ The withdrawal value shall be not less
| than the amount paid in, except where
losses have occurred, in which case the pro-
portion of loss sustained may be charged
to the withdrawing stockholder.
The act of the legislature in 1897, legaliz-
ing the charging of usurious interest to
the amount of u per cent. by building and
| loan associations, is repealed, and they
\ are forbidden to charge more than eight
per cent, whether in the form of dues,
| fines, forfeitures or any other way.
In case of the foreclosing of mortgage
the borrowing member must be credited
|, with the stock payments which he has
made and which must be considered as pro
rata payments on the mortgage. A pro rata
charge OF losses sustained may be made
Where the plan of the association makes
the withdrawal value greater than the
, shall be SO credited on his mortgage. On
mortgages given between October l,SaS97
and the taking effect of this act, interest
may be collected at the rate of II per cent.
on the net amount of the loan actually re-
ceived by the member In case the associa-
ton RECEIVERS by suit less than the amount
demanded, it must pay the costs and at
| torney's fees
i Provision is made for the liquidation and
u consolidation of building and loan associa-
tons Those who violate this law are to
be placed in the hands of a receiver and
their affairs closed up Immediately.
Aid for High schools.
The Cowles bill providing for state
aid for high schools and fixing stand
ard for high schools, so that their
graduates may enter the State univer-
J sity without further preparation, has
been passed by the house and will be
favorably reported by the senate COM
mittee on schools. The purpose. of the
bill is to bring the high schools of the
state up to the standard it was intend
/ ed they should maintain to round out
e the educational system of the state.
e Very few high schools maintain stand.
4 ard high enough to admit their grad
n yates to any university, yet competent
? educators say that it could be done il
; the same length of time that is now re
y CURED to complete the high schoo
U course. Hardly any two high schools
e have the same course OF study. If thi:
Z bill becomes law, a uniform course
/ of study will be recommended and thu
schools complying with it will b.
. given $400 from the state and required
to give free tuition.
step Toward Consolidation.
J The department. of agriculture bill
by Senator Hartman, former presiden
~ of the State Agricultural society, ha
e now passed both houses and will 500
Il be law. The salary of the secretar
d has been reduced from ST 500 to $l,50(
J. d change which was very much Oppose
- by the friends of the bill. Anothe
amendment which was forced into til
. bill against the wishes of it's promoter
was that requiring that the state yea
9 book OF agriculture, which includes a
q the agricultural. dairy, horticnlturi
n and stock reports. shall be printed
contract The bill is Il step in the d
I'll rection of consolidating all the d.
y partmeut to which it refers under OF
e management, although this is not don,
70 by the bill4at this time.
More Time to Vote.
The polls will hereafter be kept opel
until seven o'clock in every precinct il
:, the state, A bill making this chang,