The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1909-01-17
Representative CRUDE Intro
duces Measure Providing
For Separate Banking De-
partment of the State.
GUARANTEE OF BANK
DEPOSITS Is PROVIDED
Representative Sticks Intro
duces Measure Which EIim-
mates Boot-Legging-Gos-
sip of the Legislature.
Palladium Bureau,

indianapolis Jan. 10.
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
- create separate banking depart
ment Of the state. At present the
banking department is 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 COM
plete organization in that department
and has several bank exam iners in
the field examining banks.
CRUDE Bill Would Change.
The CRUDE bill would change all
this. It 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 as
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
commissioner, whose duty it would be
to take charge of the supervision of
banks, inspect all banks, declare insol-
vent those that are found in bad
condition and to wind up their affairs.
Bank Deposit Guarantee.
Another feature of the CRUDE bank
ing bill is that it provides for the
guarantee Of bank deposits by the
assessment of 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 special assessment
would be made on all banks in pro-
portion to their capital stock.
Apother bank deposit guarantee bill
bill 10 the only one that proposes to
separate the banking department from
the state auditors office.
Government Mansion Bill.
Another important bill is the one in
troduced b. Senator Cox, Of Marion
county. L priate $15O.0O0 for the
erection ernor's residence and
IND he
house will be erected at some suitable
place in this city if the bill passes.
Just what attitude will be taken on
this bill by the democrats is not
known, but 1t Is believed they will not
consent to the appropriation. During
the campaign Governor Marshall said
In his speeches that he would not ac-
cept any money from the state for
house rent, in case he was elected
governor, but that he would take his
salary Of $4,000 year and no more.
It 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 will
bring suit against Hanly to collect
back the money, on the ground that
the legislature had no right to make
such an appropriation because it is in
the nature of an addition to the salary
Of the governor. which the law says,
shall not be done.
No Site Selected.
AS far as is known now no site has
been considered for the proposed new
house, even II the appropriation is
made. There is a general feeling here,
however. that Indiana ought to have
IN executive mansion and that the
governor should not be obliged to
hunt around for rented house to live
Ii. Several other states have them.
To Stop Bookkeeping.
The practice OF boot-legging is to be
stopped in Indiana. If bill now being
prepared by Representative Henry p
Sticks, Of Lebanon. gets on the statute
books, and 1t will be as hard to get q
pint Of whisky in this state as II
would be to get = gallon of water or
the Sahara desert. Sticks says thai
since the saloons have been driver
out OF some Of the cities and towns Of
the state and not out of others men II
the dry towns go to wet towns and
get their supplies. He says 1t is moi
unusual to see man from dry towr
take trolley car on Saturday even
Ing, 60 to q neighboring wet town, ge
big bottle Of booze and start fol
home. This Is his Sunday supply, ant
he IL In position to make himself
popular on that particular Sunda,
with the rest OF the fellows who hav,
. thirst.
A Temperance Measure.
Sticks proposes in his bill to make 1
unlawful for . licensed retail liQuo
healer to sell liquor and allow it Il
b taken away from the premises.
must be drunk right there. He vii
not be permitted to sell liquor excep