The Idaho Springs siftings-news., 1907-01-05

been prepared which will be sabmfsfeN
to your body by thaa departmeat. for
which I beg to ask your careful con.
sideration.
State Examiner.
One of the urgent measure for pass
age by this body is state bankine
law. creating the office of state oaul
examiner. who shall have power ans
authority to examine all state and saw
ings banks, building and loan associs
tious and kindred associations, solicit
ing the deposits of the people This
law should be strict one. l believe Q
state banking law along the iines OF
the national banking law Wuasd b.
best An institution that is honestly
and faithfully conducted has nothins
to fear from the passage OF ssch q
law and will not oppose it.
During the past two yea our people
have suffered very materially ON &C
count OF the laxity OF our laws h this
respect. and it is now time that step.
be taken to remedy the evil So tina,
others shall not suffer Do net b.
swerved from your duty by thsse who
may have other motives than Aones;)
and integrity in view.
Public Examiner.
The present Legislature should pro
vide for public examiner in addition
to the ONCE of bank examiner. whose
duty il shall be to check up the diff
ferent state Institutions ana depart
ments. and to include cities and coun
ties OF the first and second class The
state already has made provision fov
the semi-annual examination Of books
and accounts of the state treasurer and
state board of land commissioners. bu,
IL 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 tho Law
providing for the semi-annual examina.
ticns as mentioned above and require
such examinations to be made by tho
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
grand jury together when he deems
1t necessary still it seems to be equally
true that whenever grand Jury Is
called it is for political purposes only
and not for the purpose of getting at
the real truth of existing conditions
The grand jury should meet at the
convening 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 a criminal case without the
consent OF the trial judge.
Revision Of Statutes.
believe It 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. class of peopls
who are endeavoring to get rich by no
farious methods. The exploitation oi
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 beer
filched by these INSCRIPTIONS people
You will doubtless have presented
to you for your consideration a bin
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; 10
fact dare say that the vast majority
of the people exploiting fictitious min
ing companies would not know nina
or even 4 prospect were they to see
one, so that IN passing a bill of this
kind. great care should be taken to dis
tinguish between legitimate and ille
gitimate mining propositions. Many
man honestly believes he has found
good thing" but has not the money
with which to develop it, so organizes
company and disposes Of enough
stock to make further developments
His judgment is not sustained and 1t
proves a failure. the money has been
honestly expended and the promoter
has been honest in his intentions and
disappointed in the result. Such
man should not be made amenable to
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 thls
kind 1t will be necessary for you 10
draw exceedingly fine distinctions OF
you may do an irreparable damage TO
one of our most profitable and fegiti
mate resources.
An Antitrust Law.
There IS probably no legislation thaO
would meet with the hearty approvaF
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 ths
larger and greedier. the monopolizin2
of one branch of trade or commerce Dp
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
f,nos in iah bile nasitian Ih9