Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1902-04-09

W lliCh SUN tbntdlIS tnt DfoNisiOh thdt
roads may incur unlimited indebted
ness. Ii ISIS to this provision the
governor y 'cted as being against
public Pc = and calculated to help
along the great railroad merger
planned by James j. Hill.
The senate has passed the Hubbard
bill to allow Iowa railroads to own
and control the stocks and property Of
other railroads in other states, wheth-
er adjacent to Iowa or not. The law
now limits the exercise of such pow
ers to adjoining states. The opponents
Of this bill have designated the Hub
bard measure, as well as the one by
Molsberry, as merger bills, both be-
ing companion pieces of legislation.
The friends of the Hubbard bill deny
the correctness Of this view.
Banks Getting Legislation.
The banking interests of the state
have been quite successful in obtaining
legislation this session. The house
has just passed a measure that has
already gone through the senate. al
lowing state and savings banks to
loan up to 60 per cent. of their CAPT.
tai on unincumbered farm land in the
state, worth at least twice the amount
loaned thereon. This measure will be
law on publication. Another i'm
portant bill that has now become a
law permits savings banks to receive
deposits up to twenty times the amount
Of their capital and surplus, the limit
now being ten times their capital
Still another measure that has gone
through the house prevents loan and
trust and savings and loan companies
from doing banking business, but
places them under the restrictions of
the banking laws. This bill may not
be passed by the senate. The banks
have sought other important legisla
ton this session. but have failed in it,
notably in the defeat Of the bill to al
low them to make loans on real es-
tate outside of Iowa. Members of the
assembly who are bankers say. how
ever, they are very well satisfied with
the legislation secured this session.
Senate After Co Operative Concerns.
The senate has camped on the trail
OF certain unincOrporated companies
doing cooperative business in this
state similar to the tontine home loan
companies that are running against le-
gal snags in other states. A bill has
been passed. which was drawn by At
torney General Mullan. putting these
companies under strict building and
loan regulations, in accordance with
recommendations made by the audi
tor of state in his last report. The
bill that passed was favorably re-
ported by the building and loan COM
mittee of the senate 1t was in charge
of Senator Grswold. He named a
m of comma nj that xyapa nnn,-
planned of, including The American
Home Investment company of Des
Moines. The National TOntine Savings
Association of Des Moines, The Nut
ual Cooperative Home company OF
Oes Moines. The Provident Home Co
Operative company of Kansas City, |
The Tontine Savings association Of
Minneapolis, and The Home Building |
company of Chicago. He said returns
to investors were promised that could |
not be made. Not only Senator Girls
void. but Senators COPYRIGHT Healy |
and Trewin took the ground these con-
Germs should be regulated by law.
The house has passed a bill which is |
a sweeping blow at the questionable |
mining companies that are doing such |
a wholesale business in selling stocks |
in this state. 1t is likely this bill will |
be Endorsed by the senate. 1t provides |
that any company from outside of |
Iowa that opens an office in this state
or sells stocks or attempts to do so, |
shall be obliged to pay the regular |
fee for filing it's articles of incorpora-
ton with the secretary Of state. 1t is |
calculated the practical effect of this |
measure will be to keep unstable COM
panies outside the pale of protection
Of the present law.
Osteopaths Obtain Concessions.
A bill has just been passed by the
senate and house that regulates the |
practice of osteOpathy i'm this state. |
There has been agitation over this mat
ter ever since me session opened and |
the measure that will become law |
I'm a short time is n compromise. The /
did not get all the favOrs |
they asked. but have gained considera-
BILE ground. They desired member |
on the state board of medical exam
iners but this was not permitted. The
for certificate to prac
tice osteopathy are fixed at graduation
from legally incorporated school of
maintaining a four years
course of twenty months and sue
cessful examination before the state
board of medical examiners in anat-
omy. physiology. chemistry. histology.
pathology, gynecology, obstetrics and
theory Of osteOpathy. The same gen
eral average Is to be required as for
physicians. Osteopaths who. when
the law goes into effect. are graduates
Of legally Incorporated schools and are
now practicing, are to receive GER
tificate on payment Of a prescribed
fee.
Among the bills that has been de-
feated are: The Warren bill for q
state insurance agent department. de-
feated In the hOues: the bill for bar
bers' examining board killed in the
senate: the bill to grant state aid to
private normal schools. The senate
committee took the life
out Of this bill by cutting out the
provision for state aid. though the
features that authorized state recOg-
milton of such schools have been pre-
served and the bill may be passed in
the modified form.
Rev. Anna Shaw Talks to Assembly.
Rev. Anna II. Shaw OF Philadelphia,
one of the leading members of the
National Woman Suffrage association,
visited the house and senate recently
and delivered an address She warmed