Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-03-06

shall be made, there shall be elected or
appointed, to the extent that the total
number to be elected or appointed is
Invisible, such proportonate number
from the persons so nominated as the
shares of stock held by such persons
bears to The whole number OF shares
issued. Vacancies occurring from time
to time shall he filed SO MS 10 pre.
serve and secure to such minority
stockholders proportionate represent
alton as above provided"
The bill also provides that existing
corporations shall amend their articles
of Incorporation SO as TO comply with
this act.
The Warren bill has not seen its
way in either house as yet. but will be
up for disposal either the latter part
of the present week or early next
week in the senate. 1t will have much
harder shedding" than the Mates
bill, but its author hopes for its adop-
ton. The bill declares that hereafter
no insurance company organized on
the stock plan can be Incorporated in
Iowa with capital stock of less than
100000, the entire amount of which
shall be paid up in cash and invested
in securities as provided by law and
approved by the state auditor. Upon
the depot being made and the auditor
satisfied that the capital stock is all
subscribed in good faith and that the
company is the actual owner of the
stock, he shall issue authority for the
company to proceed to tranact bust
ness in the state. No part of the cap
ital stock is to be loaned to any stock
holder or any other officer of the com.
pany Companies already doing bust
| ness in the state, and whose capital
stock is represented by stock notes,
are given three years in which to con-
vert the notes into cash securities,
| and until such notes are fully paid
they are to be deposited with the
| auditor subject TO his approval. He
nay require new notes to be filed in
ase he is dissatisfied with any of
.aose presented. No company, under
che bill, will be permitted to advertise
| an unauthorized capital O. to represent
itself as possessed Of any greater
capital than that actually paid up and
Invested in securities rs provided.
To Limit Expenses of Candidates.
Representative Paul of Jones county
has a bill pending before the commit,
tee on elections which limits the en-
penses OF candidates for public Office.
The bill is gathering together of two
| three Sp1arafa mna which hovo
heretofore been presented to the legis-
lature and adding to them. The bill
makes it crime for any candidate to
eXpend in his quest for public position
9 sum exceeding a stated amount,
varying with the extent of territory
which the candidates ambitions may
lead him to cover. For instance, under
the bill, a candidate for governor or
any other state Office can only spend
| $3.50 legally to prosecute his claims on
| the suffrage of the voters. If running
for a judicial position he may spend
S400 and there will be nothing said
about it. y county candidate may
dish out only 5000, and then the ex-
pense is graded down TO 5000 for
Nity ohlNS, piVp iSi q iNe,i5IatiNC pOoi-
ton, $50 for a town on township
office, and S25 for a school district
position. The candidate is barred
from the good fellow act. because he
cannot supply his friends with cigars
or drinks or any other thing of value,
and then, when he finishes his cam
paign, he must make out certified
nf oil n hoe
given out and file it with the county
auditor. A violation of any of the
provisions of the act by any candidate
makes his election. If he should win
out, null and void.
Another reformatory election bill is
up in the house committee on cleo
lions. 1t is by Representative Sidey
and makes provisions that any citi-
zen, who is away from home on cleo
ton day, no matter where, may make
out in writing ticket which he de-
sires to vote, go before notary pub.
lie wherever he may chance to be,
swear to the same and have it for
warded to the judges of the election
precinct where he has his legal resi-
dence. II is made the duty of the
judges to count the vote as if it were
cast in person. 1t is said this method
would give thousands OF travelling men,
who now miss their votes, chance to
record their political opinions. 1t
would also obviate long trips being
made by the hundreds OF department
employees and officials in Washington
to their places of residence every
time an election is held where they
desire to cast their ballots.
The lister liquor bill and the Dye
anti-.reating bill We're killed in the
house.
GEORGE GALLARNo.