The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1908-01-31

|
adverse report of the committee and
its advice and straight talk were
needed. The square dealers, led by
Stubs and Ham, fought for the
measure. The latter sought to re-
vive his measure from the commit
tees, adverse report by moving to
suspend the rules and put it in the
general orders. Under the rules a
two-thirds vote is necessary. Ham
could not muster it. The vote stood
61 in favor of Hams motion and 80
against
This is believed to mean that the
special session will not pass 2-cent
fare bill, but will be satisfied with
the 2-cent rate now in existence, con-
tingent on the Nebraska contest and
not take changes on getting Scent
fare by having law passed by itself
enioined in the courts.
The bank and banking committee
of the house this afternoon reported
adversely all bank deposit guaranty
laws which provide that the state
shall be the custodian of a security
fund and recommended in their stead
that the Ham-Waggener bill, propos-
ing bank deposit insurance associa-
tons under the state corporation
laws be passed. The guarantee bills
rejected were those of Davidson,
Morgan and Wells and Quincy of the
senate.
The senate this afternoon rejected
the Stubs primary bill passed in the
house and the house rejected the
amended Young bill passed in the
senate. 1t was done in both instances
by non-concurrence.
Kansas corporations owning real
estate and personal property in other
states, which were confronted by a
double tax under the provisions of
the tax law passed at the last regu-
lar session of the legislature, will Sc
cure relief through a bill recon-
mended for passage by the senate
committee of the whole, providing
for elimination of capital stock in
vested in real estate and personal
property in other states from assess
ment
Topeka, Kan, Jan. "a. - After an
entire day of speeches, explanations
and some charges of motives" for
the house to hammer out plan OF
action regarding the bank deposit
guaranty bills it appears tonight that
the house will pass both state
guaranty measure controlled by the
state and one authorizing the cGgani-
cation of deposit insurance com
panies. The latter phase occupied
the floor all morning. The bill in
PRODUCED by Ham of Rocks and cham
pioned by Bergman of Cloud,
banker and member of the banking
committee which reported the Ham
bill favorably and all the rest ad-
versely, being considered.
This afternoon the Quincy, Stone,
Enright, Wells, Davidson, Morgan
and Umholtz bills, all state guaranty
plans. were discussed. The house in
committee of the whole decided to
guaranty law out of the seven meas
ures covering that plan and let the
Ham insurance company bill take its
regular place, with the understand
ing that the enactment of the state
guaranty plan must take place before
an insurance bill is passed.
The authors of the various bills
we're allowed to tell the merits of
their measures.
]. Q. Royce, state commissioner, by
invitation addressing the committee
of the whole. spoke for the admins
tration bill, presented to the house by
Morgan and to the senate by Quincy.
Wells has a bonding plan, by
which the excess of deposits over the
capital stock are secured to the de-
positor by a bond given the state
bank commissioner by the bank.
Gov. Hoch is sending out letters urg-
ing friends of the state guaranty
measure to send petitions to their
in the legislature.
The senate banking committee ad-
versely reported all state bank guar
anty bills and favorably the Waggen-
er insurance association bill Minor
matters occupied the day. Adjourn
ment was taken to o'clock on Mon
day afternoon. The house will work
several omnibuses being
scheduled for routings.
Nv. R. Stubs declared war this af-
ternoon against the split primary
bill to the finish, and formed an ali
ance with the Democrats TO support
him. The conference committee of
the two houses is composed of Sena-