Daily capital journal. (Salem, Oregon) 1903-1919, 1907-02-04

was amended by the session Of 1903
which permits suit to be brought for
an indefinite period in the past but
another section of the code limits
prosecution OF state officials upon
criminal charge to within three years
from the date OF filing the charge
and the only Official to come within
the limitation Of this statute would
be ex-state Treasurer G. $. Moore.
II has been intlmated In certain
ouarters that a series OF action are In
contemplation either from private or
seml-publlc sources looking TO the
reooye OF interest on deposits Of
state moneys from former officials
and Il Is reported that the insertion
OF the word hereafter" in the Wash
burne bill was done at the suggestion
or lnstlgation OF a former official who
might come within the puryue of the
statutes in case proceedings for re-
coyery we're begun.
Another bill has been presented
looking 20 the solution OF the deposit &.
ing of state funds problem. II was
introduced in the house last week
by Representative vawter. OF Doug
las and Jackson. by request, and It
Is said TO have come from some In
terested source In Portland. This bill,
while IN many respects Is in har-
mony with the provisions OF the pre-
yIous bills introduced by Represen-
tatlves Barrett, OF Umatllla, Wash
burne, OF Lane, and Senator M. A.
Miller, OF Linn. with the exception
that section provides that an arbi-
trary rate OF two per cent Interest
shall be charged and that the board,
consisting OF the governor, secretary
of state and state treasurer, shall
designate one or more banks In Multi
nomah county and one or more banks
In Marion county. TO be known as
active repositories" In which shall
be deposited sufficient amount OF
the daily receipts OF the state treas
ury TO transact current business OF
the state. but distinctions between
active and non-actiye repositories. as
TO interest rate, shall be abolished"
Section 4 provides that no bank.
banking institution or trust company
shall royolye a deposit OF state mon
oyu In excess OF 90 per cent OF It's
pnid-ln capital and surplus or have
at any time an aggregate OF deposits
In excess OF 100000: provided, that
this section shall not apply 10 the In
altutlons 10 be designated by the
state board. or a majority OF them,
as active Repositories of state funds,
subject to check daily by the state
treasurer The active banks shall be
required to make all collections for
the state without cost or compensa-
ton. bpt az no time shall the COM
bined deposits IN the active banks
exceed the total sum OF 100000.
Tho specific provision that the
hoard shall designate one or more
banks In the counties OF Marion and
Multnomah seems 10 have excited the
suspicion that the bin was drafted
IN the lntercst OF the First National
In Portland. and Ladi a Bush. ia
Salem Il ~ noticeable popularity
that OF an OF the ON providing a
system for the banking OF state funds
have not been referred 60 commit
toes ON banking in either branch OF
the legislature. with tho exception OF
the Washhurn bill. which was IN th,
hands of the banking committee IN
the house for fow DAYS. but wa'
finally transferred To the committed
on salaries of state and county oih'
GERS where the Barrett bin had heor
referred and Il was found impossible
to set Il out, but the Vawter bin viii
como up regularly for second reajing
today aud reference 10 committee
The Miller bin was also referred {,
the senate committee on salaries o
state aud county officers