The Ordway new era., 1907-01-04

tions and kindred associations, solicit
ing the deposits of the people. This
law should be strict one. believe n
state banking law along the lines of
the national banking law would be
best. An Institution that Is honestly
and faithfully conducted has nothing
to fear from the passage OF such
law and will not oppose 1t.
During the past two years our people
have suffered very materially on ac-
count of the laxity of our laws in this
respect. and 1t Is now time that steps
be taken 10 remedy the evil so that
others shall not suffer. Do not be
swerved from your duty by those who
may have other motives than honesty
and integrity in view.
Public Examiner.
The present Legislature should pro-
vide for a public examiner. in addition
to the Office of bank examiner, whose
duty II shall be to check up the diff
ferent state institutions and depart
ments, and to include cities and coun-
ties OF the first and second class. The
state already has made provision for
the semi-annual examination of books
and accounts of the state treasurer and
state board OF land commissioners. but
1t should go farther and provide FOR
the examination of all offices and de-
partments under the state government
which have the handling of public
funds at their disposal. II desirable.
the Legislature could repeal the law
providing for the semi-annual examina-
tions as mentioned above and require
such examinations to be made by the
public examiner. thus saving at least
one-half the expense that would be re-
Quired by the additional Office.
Grand Jury.
believe the grand jury system
should be rehabilitated in Colorado.
While 1t is true that a Judge can call
n grand jury together when he deems
1t necessary. still 1t seems TO be equally
true that whenever a grand jury Is
called 1t Is for political purposes only
and not for the purpose OF getting ut
the real truth OF existing conditions.
The grand jury should meet at the
converting of each term OF the District
Court. The re-enactment of this law
would be wise.
A law should also be enacted pre-
venting the district attorney from dis
missing criminal case without the
consent OF the trial judge.
Revision Of Statutes.
believe Il expedient that the stat
utes Of Colorado should be revised and
published by the state. and sold by the
state at reasonable price.
Mining Fraud Law.
There has always existed, and pre-.
sumo always will. n class OF people
who are endeavoring to get rich by ne.
farious methods. The exploitation OF
mining companies has been rich field
for their operations. Many poor man
or woman, struggling to lay up COM
petence for their old age. has been
filched by these INSCRIPTIONS people.
You will doubtless have presented
to you for your consideration bill
looking toward the punishment OF peo-
pie who are trying to promulgate COM
panies of this kind II such law is
enacted you should display great care
and Judgment in its provisions. All
mining people are not dishonest; In
fact, dare say that the vast majority
of the people exploiting fictitious min
ing companies would not know mine
or even n prospect were they to see
one, SO that in passing bill OF this
kind, great care should be taken to dis
tinguish between legitimate and ille-
Ultimate mining propositions. Many
man honestly believes he has found
good thing but has not the money
with which to develop It, 10 organizes
a company and disposes OF enough
stock to make further developments.
His Judgment Is not sustained and II
proves a failure, the money has been
honestly expended and the promoter
has been honest In his intentions and
disappointed in the result. Such q
man should not be made amenable to
a fraud law" Had his venture proven
successful he would have been looked
upon as q man of great business acn.
men. In the enactment Of law OF this
kind It will be necessary for you to
draw exceedingly fine distinctions or
you may do an irreparable damage to
one OF our most profitable and legiti-
mate resources.
An Antitrust Law.
There IS probably no legislation that
would meet with the hearty approval
OF the ordinary, everyday man. more
than that of ANTITRUST legislation. In
these days of gigantic combinations OF
capital, the swallowing up OF smaller
corporations and manufactures by the
larger and greedier. the monopolizing
of one branch OF trade or commerce by
a set of individuals for their own per-
sonal profit, without regard for the
rights OF others. the raising OF prices
to an abnormal basis. has placed the
common people," as the expression
goes, in an unenviable position. The
man, who Is working for wages or sal
ary, the man who is running small
business of his own, the clerk and me-
chanic, the professional man and the
farmer, all find, day by day, that the
expense of living Is growing and that
the incoma ia NOT kaening mace com.