The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1903-03-21
An Interesting Budget of News Is
Presented by Our Lansing
Correspondent.
SENATE PASSES THE BAkGHAM MEASURE
tIons-The Prison Committee De-
nounces Convict Contract Labor
Worlds Fair Appropriation Ap-
parentIy I'm Danger.
[speeial correspondenee.l


portant piece OF work done 10y the
senate last week vas the passing Of
the Bangham bill amending the law as
to corporations, which practically per-
mits concerns 10 incorporate with no
capital paid in, and whose opponents
say will encourage watering of stock.
Senator Bangham thinks il alpwrong
TO say that his corporation BILL which
passed the senate few days ago, would
put premium on fraud in the matter
of stock subscription. THE principal
purpose OF my bill" said the senator,
lis To prevent fraud. Concerns have
been formed under the limited partner
ship act, and they have filed up lists of
dummies for subscribers and filed them
with the register of deeds of coun-
ties No publicity was provided for,
and thus lot Of fraud resulted. My
bill would provide for the fullest pub
licity as 10 the names Of subscribers for
stock, requiring the addresses TO be
given, so that il may be determined
whether the subscriptions are genuine
or not
The house committee on private cor
porations is amending Representative
DENLY bill so as 10 report il out al
once. Denby's bill allowed corpora
tions 10 capitalize without limit. The
amendment makes the maximum 49,
100000. Bangham's maximum is So
100000, the minimum of $1,000 being
the same in both bills. The DENLY bill
will also be amended TO make the
amount of subscribed stock necessary
for incorporation 50 per cent. of the au-
thorized capital stock. and the amount
of stock paid in 20 per cent, of sub
scribed stock, instead of 20 and ten
per cent, respectively, as now de-
manded. The DENLY bill also specifies
that the amount paid in shall "in no
ease be less than 81, 600, except in case
of capitalization OF $4,000 or under
when il may be 25 per cent. thereof
Contract labor in the state prison rs
strongly condemned by a report sub
mitted to the lower house of the legis-
lature by the committee on the Jack
son prison. The committee expresses
the opinion that the contract system
enriches the contractors at the eN-
pense of the state and says further in
its report: 1--WE cannot understand
why an institution OF this kind, en-
ploying from 500 TO 600 men every day,
cannot be self-sustaining. We are in
formed that the demand from some
contractors for articles manufactured
is so great that the prison is unable
to fill some OF it's contracts"
by vote OF 20 10 10 the house passed
a joint resolution reported out by the
judiciary committee as substitute
for one introduced by Representative
Colby. II provides for the submission
TO the people OF n proposed amendment
TO section Is, article ". Of the consti-
tuition fixing the salaries of legislators
at $500 per annum, without extra pay
for special sessions, and cutting out
all mileage, free books, stationery, and
"all perquisites." Under the present
system OF payment at three dollars "A
day and mileage the lower peninsula
members receive on an average about
$3.50 session and the upper peninsula
legislators, with their two dollars a
day extra. get about $3.50.
The report is current that advocates |
of the worlds fair appropriation, real
izing that il the tax figures for other
are high, their plans will !
have little chance OF success, have hit |
upon the idea OF knocking out the |
TO increase the size OF the |
state capitol, for which II was pro-
posed TO appropriate 100000. This |
has stirred up the opposition TO the
fair scheme OF some OF the state Off
GERS, who are anxious that their de-
partments shall have more space 10
work in. Deputy Attorney General
Chase, when he heard Of the plan 10
knock out the building appropriation
in order that the fair appropriation
might go through, said that all such app
are unconstitutional and
he promised that II the scheme was
persisted in he would raise the point.
One OF the fights OF the session will
be as 10 the appropriation for the
Agricultural college. That college
now is limited 80 100000 a year, and
he authorities there are anxious that
he limit be removed. and they have
some hackers. but IL will be hard job
10 have the limit taken off.
State Treasurer Daniel Mccoy will
not have 10 bear personal loss Of the
$4,000 Of state funds which was on de-
)osit in the Andrews bank OF Detroit
when IL collapsed about one year ago.
The senate concurrent resolution au-
horizing the state board Of auditors
10 make a settlement with Treasurer
Mccoy for that amount was passed
by the house.
Gov. Bliss appeared before the SEN
re finance and appropriations com
nittee in the interests Of a bill TO es-
ablish an epileptic colony urging the
necessity OF such legislation in view
Il the crowded condition Of the insane
sylums. The bill appropriates $780,
90.
One Of the measures passed by the
enate was the one providing that at
L.. % n