The Owosso times. (Owosso, Mich.) 1897-1926, 1905-03-17

escapades, but then becomes serious
and provides that for tattooing or dis
figuring victim the offender may be
sent to state prison for q term of five
years. The average individual is apt
to believe that this haZing stunt Is all
right within reason, but when it comes
to putting students Tout Of business"
as it were, the belief is quite general
that adequate punishment should be
handed out to the offenders. -
Bolstered Up Divorce Laws.
BY extending the time within which
appeals from chancery DEGREES of
courts may be made, Senator Prown
has indirectly bolstered up the divorce
laws of Michigan and made things
more interesting for Divorces who de-
sire to remarry. Under the existing
laws the time for appeal expires thirty
days after the decree is signed. ard
the marrying Divorce is then at liber-
ty to make new alliance without
fear of disastrous results so far as the
law is concerned. The Brown bill ex-
tends the time for appeal for one year,
thus practically barring divorced per-
sons from renarrying within that
period, for an appeal which resulted in
reversal of the decree would make
bigamists of those who had remarked
in the meantime. This bill has passed
the senate.
State Supervision Of Banks
Another attempt will be. made this
session to bring private banks under
state supervision. This object has
been sought at previous sessions, but
without success. 1t Is said the pros
spects are much brighter this year.
While Banking Commissioner Moore
favOrs supervision of these institu-
lions, he says he will make no move
in the direction indicated without first
consulting the banking interests of the
state, at the same tine expressing the
emphatic opinion thar it is high time
that steps were taken toward eifectins
"a reasonable, conservative super
vision of private financial institu-
tions.'
Occurrences of banking circles in De-
troit during the past three years to
which public attention has been gen.
orally drawn and which resulted in
the wrecling of the Sity Savings bank.
have induced Representative Lord Of
that city to introduce three bills pro-
posing amendments to the state bank
ing law designed to prevent a recur
renee of the situation referred to-
Two Examinations Year.
These measures provide for two ex-
aminations each year of all state
banks in reserve cities as required by
the existing statute The bill makes
it mandatory for the commissioner to
make these two examinations. At pres
ent the law provides a fine Of 500 per
day for each days neglect to file an
nual reports. This penalty Is so Sc
we're as to make the law imperative.
Representative Lord proposes to re-
duce this penalty to So per day, thus
making it reasonable and effective.
The third bill proposes to prohibit
banks from preferring depositors, pro-
hibits the present practice Of borrow
ing by banks on their certificates of
deposits. gives the banking commits
siOner authority to compel any bank to
repay Il loan when the bank is bor-
rowing too heavily for the purpose of
reloaning, requires the destruction Of
certificates OF deposit and the issuing
of new certificates each time the pay
ment of certificate is made. and pro-
hibits bank from predging collateral
as security for loan in excess of so
per cent. more than the amount of the
loan.
Heavy Appropriation.
Among the heaviest appropriation
asked for this year IL that desired by
the agricultural college. The law
provides a tax which yields approxi-
mately 100000 per year for main
tenance in addition to the $4,000 al
lotted by the federal government each
year on account Of the military de-
partment at the college. Aside from
this the state board Of agriculture will
ask for 100000 for new dormitory
m toka tbn Dloco Of Wells hall which