The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1904-11-03
PROPOSED AMENDMENTS
There ere Three Submiiied for Ceasider.
afioa Of vsierS Next Tuesday.

There are three amendments pro-
posed to the constitution OF the State
of Texas TO be voted on Tuesday.
Each are Of interest TO the voters,
and each goes far toward the mate
rial development of the state II
adopted. AT the request of the En-
terprise give below the substance
OF the amendments as understand
them:
The frat amendment 10 q demand
by the democrats of the west. 1t will
appear on the ticket as amendment to
Article 3, section 50, and IL provides
that any county, subdivision there
of or political division of the state,
may issue bonds or loan it's credit
to an amount not to exceed one
fourth of the assessed valn alton IF
the proposed district on two-thirds
vote OF the tax payers of the dis
trict for the following purposes: ~
Improvement Of waterways for ma
vigation or irrigation; (2) construc-
ton of ervoirs, dams, or canals
for irrigation or navigation, and t3)
construction, maintenance and op-
GRAFTON OF public roads.
No. 3 above OF course would apply
TO Ellis county, and the amendment
means that by two-thirds vote of
the tax payers the county could
bond itself to the extent of one
fourth of its assessed valuation for
the purpose OF building county roads
Those who favor this amendment
argue that individu ais can not do
the three things above set out, and
that combination is necessary. 1t is
argued on the other side that 1t
would open up away for spectators
to ask public aid Of their schemes.
The second amendment has refer
ence to increased appropriations for
Confederate soldiers, and will appear
on the ballot as amendment to Arti-
Gle 3, section 81, of the constitution
The law now appropriates $50 900
for these pensions which amounts To-
Sc per month. The amendment pro-
vides for a maximum appropriation
of $500 5000, and the use OF so mnch
thereof as will provide a pension Of
about S. per month. 1t applies to
those who came to.TeXas prior toJ an
nary !, 1880, who are past 60 years
of age, or who have disabilities the
result Of actual service.
The third is known as the state
bank amendment. It will appear on
the ticket as amendment to Article
Is, section 10. The party platform
two years ago demanded that this
amen dment be submitted 10 the vot-
ers. The last legislature, acting on
this demand, submitted this amend
ment, and the last democratic plat
form submitted at Houston, Indoors
ed the amendment, Hence this is
thoroughly democratic measure.
1t provides for chartering state
banks, and IL adopted, that the leg
Islature shall establish "a sytem OF
statescontrol for such banks that
shall secure to both creditor and
debtor absolute protection. As in
National banks, double liability Is
imposed upon shareholders. 1t goes
even further and attaches LA
bility for one year after stock has
been transferred. Upon organiza-
ton all subscribed capital shall be
paid in cash. They are not to be banks
of issue and are TO be controlled
under state Law. They will be able
to carry q class Of loans which are
denied to national banks; wig: loans
on real estate.
II is urged against this amend
ment that IL will be unsafe, that such
"a system will be dangerous as in
the past.
Those who favor the amendment
say that the system Is as safe as
our present national banking ystem;
that our present banking facilities