The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-21
THE DAKOTA LEGISLATURES
A CUT IN WTERESIlT0 TRY It AGAIN
Representative Potter Declared His
" Bill Was Largely to, ADVERTISE y.
! ss5s;z the State. T
Legal Rate Reduced to 10 Per Cent,
Although the Going Interest
r. Is Much Less.
Special to The journal.

Is Much Less.
Special to The journal. " :. @Hss.M
Pierre, S. D., jan. 1.-THE house fought
out the usury# question just as If there is
something In lit, which every one
admits there is not. Potter, the
father Of the bill, reducing con-
tract interest from II to 10 per
cen, = made an extended argument for
his progeny, declaring that all that is sig
nifcant in the proposition is the adver-
tisement the state would receive from the
action and that since going rates do not
exceed 10 per cent in any case and rarely
exceed s., no one would be hurt. Brown
posed the bin in the behalf of the risky
loan.2 arguing that for certain line Of
risks the banker must have some insur-
ance. otherwise the poor fellow with
questionable collateral could not be ac-
commodated at all. Bromley, always IT.
repressible. supported the reduction and
regretted that the limit was not Z instead
OF 10. ' He had $4,000 drawing but and
it was ample. He would vote for the
bill because he could not hope for a better
one and then the vote was taken and 10
per cent carried the house, Is to II.
The revised codes have been enacted
and carry the emergency clause, but new
ertheless by their own provision do not
take effect until July ]. This appears
anomalous, but is explained by the fact
that it is desired to have all amendatory
acts made at this session apply to the
code; Of 1903 instead Of the original SEES
sion law, and it is necessary to have the
code enacted before it can be amended.
The bill to pay the revisors an additional
$500 passed the house with but two dis
senting votes.
Senator Perkins has brought in the
much discussed bill for the decoration of
the cruiser South Dakota. 1t provides
$4,000 for the purpose and, leaves the eN-
penditure Of the sum to the governor and
secretary of state without limitations OF
any kind.
repairs and betterments at the Madison
normal. His bill contemplates a. thor
ough overhauling Of the present buildings
and one large additional building. A re-
cent visit to the school by The Journal
correspondent found every nook and
Granny of the present accommodations
filed to the limit The original plan OF
plated a large center with east and west
wings, the west wing only being con-
structed The present bill is for funds to
build the center. = 49,
Wolf Bounty Claims.
3
grew up over the administration Of the
wolf bounty bill Of 1899. Under the pro-
visions Of that, bill. it is alleged that ner
in the western part Of the state entered
into a conspiracy to defraud the state
and made fraudulent claims for bounty
which soon depleted the appropriation and
crea ted deficiency OF $50, 900 or more.
Two years ago the matter was the sub
ject Of a bitter contest throughout the
session, the agricultural counties being de.
termined to repeal the bill and the cattle
men fighting for it's preservation. The
original bill provides a continuing appro.
priation Of $1,000 a year. A compromise
was reached in the last session by which
the appropria tiOn flea ture Of the law wa,
allowed to stand. while the payment Of i
was hedged about with restrictions which
effectually safeguarded it against fraud. .
No provision was made. however, for thu
deficiency which had piled up for claim!
for bounty previously made. The whole
question has again been opened by Sena
tor saltmarsh's bill foT $4,000 to pay tfaes,
claims. They are nearly all owned b,
banks to which they have been assigned
and for which they paid value. TIL,
claims are no doubt Of such a nature that
even if fraudulent in the beginning, the,
will have to be met sooner or later.
O.. s. Basford of Redfield, who is a
| the Locke commissioning from a severe i'll
| ming OF the session, has been amusing
! himself during odd hours by compilin,
! assessment figures from the nearby states
! He finds that an average horse is worth
If you take the assessors ideas for it, II
| Wisconsin, s4935; in Nebraska, s7o2; II
South Dakota: s21.1o A piano in Wis
consin is worth $8S; in Nebraska, s21.2
and in. South Dakota, s5S17 Thus tn
various lines show up in the several states
indicating only that every man has trie,
| to secure the lowest possible valuation. -
Speaker Brown has appointed the fol
lowing members for the new standing
committee upon public library and stat
Goddard Of Sully, CLANCY Of Clay, Hale O
! Bon Homme.
! Bill to Reimburse Gibbs.
| Apropos Of the movement for an an
preparation for. an exhibit at the st. Loui
| fair, it is recalled that the state of sout
| Dakota is indebted to Oliver Gibbs. one
Of McCook county, but now residing a
| Prescott, Wis, in the sum OF sS15 70
moneys advanced by him to promote tn
exhibit at Chicago ten years ago. TIL
legislature having failed to make pro
vision for an exhibit Mr. Gibbs and: othe
! public spirited citizens took the matter u
and erected a. building and prepared a
exhibit at Chicago previous to the meet
| ing Of the legislature of 1898. '.....~ -
That legislature appropriated $50, 900 10
the purpose and took the enterprise off TIL
hands Of the volunteer committee. I
this work Mr.. Gibbs expended the amour
| stated Of his own money. which has neve
been refunded He has pressed his clair
! before several sessions without result
| S.. B. 5. by Senator Abel. brings the ia
miliar old claim again to the attention {
the solons. There is no doubt that it is a
! equitable claim.