The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1901-01-25
1t Begins to Reach the Front in
the Legislature.
Governors Appointments Con-
firmed by the Senate
New Measures.

business. In the senate the numDef or
bills introduced brought the total
up from 46 to 55, and in the house
from rs to 81.
Senator Benedict yesterday present
ed a bill embodying the recommends
tions of Public Examiner Pope for an
increase in the fees'for the examina-
tion of banks and trust companies, and
the appointment of an additional as
sistant in the Office to be known as as
sistant bank examiner. Each bank,
whether deposit or savings, and trust
company, is required to pay an an
nual fee based upon its gross assets,
as shown by the records of June each
year, as follows: Not exceeding $50, :
600, SIS; $50, 600 to 800, 900, $780, for
the first 800, 600, $40; for each addi-
tional 500, 600 or fractional part up to
81, 900. 900, So for the first 81, 600, 900,
Go; for each additional 800, 900 or
action, so. 80.
The salary of the assistant bank ex-
liner is fixed at 81, 800.
-auator J. D. Jones proposes to
nd the banking law of 1895 relat-
ng to the organization of banks by
that not less than five per-
sons, majority of whom reside in
this state, may establish bank. 1t
is also provided that lists of share
holders filed with the register of deeds
must be certified. Annual meetin gs
and elections must be held in Janu-
airy of each year, and if for any reason
an election of directors does not occur
at the annual meeting, it shall be
held at special meeting, to be called
at the request of the uperintendent of
banks.
The surplus fund cannot be reduced
without the consent of the bank super
intendent. The compensation of the
examination committee is to be fixed
annually by the directors, and no
member of the committee shall be an
officer of the bank Examinations of
assets must be made at least twice a
year and as often as may be required
by the directors or bank superinten-
dent. Officers, servants and agents of
the banks are included among those
prohibited from borrowing money
from their banks, except upon the
same security as is required of Others
Failure to report in time will bring
down onthe bank the examiner, who will
make co mplete examination at the
expen Sc of the bank.
Senator Miller presented resolu-
tion calling upon the railroad and
warehouse commission to furnish the
senate with these statements:
The business done by the several ex-
press companies in this state during
1899 and 1900.
The gross earnings of railroad COM
panies from express companies doing
business on their lines in 1899 and
1900.
A statement of the general rules as
to contracts between railroad and ex-
press companies respecting the COM
pensation paid by express companies.
A statement of taxes paid by express
companies in this state for the years
1899 and 1900.
The resolution was adopted. The
information will be used by the sena-
tors in discussing the express gross
earnings bill when it reaches the sen,
ate.
Senator Mccarthy presented two
bills. The first amends the law Of
1899 relating to bonds issued by indie
pendent school districts providing thai
bonds may be issued for the building
of school houses on sites already pur
chased. 1t was held under the or igina
act of 1899 that the school districts
could issue bonds only for the pur
cha Sc of sites, and did not cover the
erection of buildings on lands already
owned by the district.
The second bill amends the distric
poorhouse law of 1899 by reduci ms
the minimum joint population re
auired of counties joining in the cree
ton and maintenance of poor house
from %, 600 to 10000.
The original law has been of little
benefit to the counties in the northern
part of the state, which it was chief.
intended to benefit, because there arr
few instances in which two of thos'
counties combined have population
of %, 600.
In the senate the following appoint
ments by Gov. Van SAINT were con
firmed:
w. w. P. Mcconnell, dairy and foot
commissio ner.
John w. Olson, superintendent O
public instruction.
Roscoe 81. Bronson, member O.
board of state managers.
Surveyors general OF logs and lum
Der: First district, w. G. Mastermal
of Saltwater second district, A. B
Robbins of Minneapolis; fifth dis
trict, G. Fred Stevens, of Duluth
John O'Donnel of Minneapolis
commissioner of labor.
William J. Milne of Winnebago City
boiler inspector for the second district
G.. N. Cosgrove, LIE Sueur, membe
of board of control of state public
school.
John Fl. Rice of Red Wing, mem
Der of board of corrections and chart