Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1909-01-22

DOSll tuCIt III DoHhS Va INV ct0NO CIV
not less than 2 per cent interest on
daily balances, which interest shall
be paid into the fund. National banks
will be allowed to associate with the
state banks II they desire to do so,
but they will not count in the number
of banks required to make the plan
effective or in the required sum Of
the aggregate capital.
I. ]. +
Although there Is a widespread de-
mand for good roads still there is
little hope of getting any practicable
relief from this session. Every
thoughtful member ADMITS that the
only practicable scheme is to make
the county the smallest unit of con-
troll and that the roads must be built
under the direction of a competent
engineer, but the townships are not
willing to surrender jurisdiction.
Many members fear the displeasure of
their constituents If taxes are required
to be paid in cash and so 1t is most
likely that W. will continue to mud
ii" fer some years to come. Whiting
has reintroduced the Parmley bill OF
the last session, which provides a
very complete scheme for good roads
of the best type. Issenhuth has a sort
of compromise bill which divides the
responsibility between the counties
and townships and several township
plans are in consideration.
X + X
The western portion of the state
has always got the worst of it in
freight rates and since the construc-
ton OF the extensions from the Mis-
souri, river to the Hills rates have
been we'll nigh prohibitive. The rail-
road commission took the matter UP
and secured a modification of the
more oppressive rates, but still the
discrimination against the section is
very great and a real hardship to the
struggling new settlers just getting a
start there. Mr.. Hare of Pennington
has introduced a bill for the relief of
the region, In which he makes all dis
eliminating rates against any locality
unlawful and requires every freight
rate in South Dakota within any
classification to be based upon the
same ten-mile rate. Under existing
conditions it is impossible to ship
farm products from east of the river
to the Black Hills or for the Hills
people to ship their lumber, wood or
coal to points east of the river. 1t
costs 5 cents a hundred more to ship
lumber from Rapid City to Eastern
Dakota points than it does to ship
lumber from Seattle to the same
places. Many other inequalities as
glaTing exist. If the Hare bill be-
comes law and a be enforced it will
do more for the development of all OF
South Dakota than any other legisla-
tion proposed.
A good bill which has fallen by the
wayside in every session for many
years has been revived by Mr.. Taylor.
1t relates to bulk sales of merchan-
disc and requires a merchant to no.
tify his creditors before selling his
entire stock and does not permit him
to pass the title of it to another until
such notice has been given. 1t is a
bill which can work no possible injury
to any honest mar and will protect
the Wholesale trade from the fly by
nights" Nevertheless. it has been
impossible to get a South Dakota leg
islature to see the merits of the propo
sition.
j. + +
Governor Vessey is very earnest In
his desire to protect the people
ularly against the SO called advisory
board sort. Block lots of $4,000 pol
icies are peddled out on representa-
tions that the purchasers will, upon a
small payment, be 500 relieved of
any further payments whatever. but
that on the contrary the policies will
within a year or two become sources
Of evenue to the fortunate holders,
as the neighbors who come in later
will be taxed sufficient to carry the
policies and pay dividends to the pur-
chasers of these preferred policies.
OF course it is graft both on the part
of the companies and of the pur-
chasers. but an outrage upon honest
purchasers of insurance. and the gov
ernor Is determined to cut it out If
possible. Senator Byrne's standard
policy bill is intended to correct this
evil.
+ 4 4
Generally the people are better
pleased with the existing insurance
laws than are the insurance people.
One proposition that is peculiarly
CALLING to the guaranty companies re-
quires them TO keep $4,000 of APP.
proved securities deposited with the
state treasurer. They do not like 1t
a bit and are e~ndeavoring to have the
requirement repealed. Ii is reported
that they will endeavor to have the
valued policy bill knocked out, but no
bill for the purpose has been intro
duced and 1t is pretty certain no such
act will pass.
]. + i
Both houses have been pretty thor
oughly canvassed to discover whether
or not the anti-pass law could be mod
flied to permit attorneys retained by
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