The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1909-01-16
Representative CRUDE Intro.
duces Measure Providing
For Separate Banking De-
partment of the State.
GUARANTEE OF BANK
DEPOSITS Is PROVIDED
Representative Sicks Intro
duces Measure Which Elim-
mates Boot-legging-Gos-
sip of the Legislature.
Palladium Bureau,
indianapolis, Jan. 70.

PALLADIUM bureau,
indianapolis, Jan. ~
One of the important bills presented
in the senate. yesterday. was that by
Senator CRUDE of Kosciusko and Mar
shall counties. by which he proposes
to create separate banking depart
ment of the state. At present the
department is a part OF the
office of the auditor of state and the
auditor has charge Of the supervision
of all state and private banks and
trust companies. He maintains q conf
plete organization In that department
and has several bank exam iners I'm
the field examining banks.
Gruhe Bill Would Change.
The CRUDE bill would change an
this. II provides for the creation Of
state banking commission. composed
of the governor, the treasurer of state
and one commissioner to be appointed
by the governor. This commissioner
would have charge Of the department
and would appoint such deputies AZ
might be needed and also the bank
examiners. All the duties of the audi
tor under the present banking law
would be performed by the banking
comnissiaaer Khu<a-Anfys woplA be
TO take charge Of the supesvisiea- q
banks. inspect all banks. declare insOl-
vent those that are found In q bad
condition and to wind up their affairs.
Bank Deposit Guarantee.
Another feature of the CRUDE bank
ing bill is that II provides for the
guarantee of bank deposits by the
assessment of a tax of one half OF one
percent of the average daily deposits
in all banks for certain year. This
assessment would create a fund for
the guarantee of deposits. and when
ever the guarantee fund Is below the
required amount a special assessment
would be made on all banks in pro-
portion to their capital stock.
Another bank deposit guarantee bin
has been introduced. but the Grube
bill is the only one that proposes to
separate the banking department from
the state auditors office.
Government Mansion 0iii.
Another important bill is the one I'm
troduced by Senator Cox, Of Marion
county, to appropriate $15O.OOO for the
erection of a governors residence and
executive mansion for Indiana. The
house will be erected at some suitable
place in this city il the bill passes.
Just what attitude will be taken ON
this bill by the democrats is not
known, but IT is believed they will not
consent to the appropriation. During
the campaign Governor Marshall said
| in his speeches that ne would not &C
cept any money from the state for
house rent, in case he was elected
| governor. but that he would take his
salary of IS, 900 a year and no more.
1t will be remembered that much criti-
cism of Governor Hanly was made BE-
cause he accepted $500 a year ap.
propriated by the legislature for house.
rent for the governor. and Governor
Marshall has intimated that he viii
bring a suit against Hanly to collect
back the money. on the ground that
the legislature had no right to make
such an appropriation because 1t is In
the nature of an addition to the salary
of the governor. which the law says
shall not be done.
i No Site Selected.
AS far as is known now no site ha1
been considered for the proposed new
house, even If the appropriation II
made. There is a general feeling here
however. that Indiana ought to have
an executive mansion and that the
governor should not be Obliged u
hunt around for q rented house to liv<
in. Several other states have them.
To Stop 0ootLeooing.
The practice of boot-legginE is to b
stopped In Indiana. II bill nov beinl
prepared by Representative Henry p
Sticks. of Lebanon, gets on the statute
books. and IL will be as hard to get
lpint Of whisky In this state AZ =
would be to get gallon OF water ol
the Sahara desert Sticks says tha
since the saloons have been drives
out of some of the cities and towns O
the state and not out Of others men ID
: the dry towns go to vet towns mt
: get their supplies He says 1t Ii no
Unusual to see man from dry towl
take a trolley car ON Saturday even
ing. go to . neighboring vet town. g
! big bottle OF booze and start 70
home. This In his Sunday supply. AM
) he is in n uositiou to make himse1