The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-01-13
KILL 1T? NO, SIR.
Inheritance Tax Law Will Not
Be Repealed.
Bill to Change Interest Feature
Of Guaranty Law.
VOTE BY NEW PLAN.
Senator Hodges Would Have
Educational Qualifications.
Also Print All Candidates Under
One Heading.
VOTE BY NEW PLAN.

sessment and taxation this morning re-
ported unfavorably the Price bill, the
first direct line was given on the at
tftude of the committee on the in
heritance tax law. The Price bill, which
was introduced early in the game as
a 'feeler" called for the unqualified
killing Of the Inheritance tax law.
In the meeting of the committee held
| late yesterday afternoon, the Price bill
was considered and the members voted
to consign the bill to repeal the law
to the official scrap basket and prepare
a new measure that will leave the law
in the statute books, but will clip most
| of the Objectionable tail feathers. This
new measure, it is assured, will remove
/ the duty OF taxation on legacieS de-
| cending to immediate heirs, including
only direct members of the family.
Parties outside the household will be
| permitted to divide with the state their
| portion of the windfall that comes
through the death of a dear distant
relative. The present law evokes
considerable feeling in families where
! large estates have been divided the last
two years and in almost every county
there has been clanor to have the
law fixed. 1t is claimed that the COM
mittee has practically agreed on every
| detail of the new measure and will re-
port the new bill next week.
Guaranty Law Amendment.
If the new inheritance law brings joy
| to the descendants of rich relatives, the
| Quincy amendments to the bank guar
antee law will produce smiles in Kan
sas banking institutions that proudly
| guarantee funds under the Kansas
bank guaranty law" Quincy's bill
makes it possible for banks operating
under the law to increase the interest
rate on time deposits and meet compe-
| tition among banks that do not partici-
| n2TQ Under nnt 11E
has in many localities been thorn in
I the flesh of the banks that guaranteed
their individual time deposits for the
reason that the act provided that the
banks could not operate under the law
and pay in excess of per cent inter-
est. 1t left the matter of choice en-
tirely with the depositor to decide
whether he preferred to accept 4 per
cent on his money from an institution
across the street that offered a better
rate of interest: or to take less
amount from the bank that owned a
copy of the richly engraved sign from
the bank commissioners Office. The
choice did. not always fall in favor of
the attractive and neatly framed en-
blem and in some localities the state
bankers became wroth because they
could not meet their competitors on an
equal footing.
Senator Quincy would change the
plan in order that the bank commits
, sioner may change the rate of Interest
in various counties. Where bank com
petition for time deposits is extremely
heated, the commissioner may allow
the banks to pay four or even five pei
cent in order to secure their share o.
: patronage, while in localities where
the demand for money is less heavy
the rate might be reduced. The rat
: need be uniform only in the individual
5 county. The Quincy amendment alst
raises savings accounts from 500 t.
{ $500. He likewise provides that re
? ceivers for guaranteed national banks
appointed under federal law, may TAX
+ charge of and wind UP the affairs o
e such banks as required by such law
and perform the duties required o
receivers. The last provision is mad
to cover a possibility of national bank
| participating under the law.
Change Ballot Law.
Senator George H. Hodges amend
l ment to the constitution looking to tn
+, adoption of the Massachusetts balIo
law in Kansas, went in the hoppe
2 this morning as a minority measur
/ and was referred to the committee OIL
D elections.
: It is expected that the Democrat
will make a strong effort to have thi
law adopted in the state and are lay
ing much stress on the fact that tn
bill was introduced in the house tw
years ago, where it was passed. Whe
the act reached the senate, it was sen
q to the elections committee and stop
ped. 1t is believed that the bill vii
get by the house this year. but tn
Democrats are not certain about wha
the senate will do when the measur
is well under way.
: The bill calls for the elimination O
e party emblems, and names of candi
T. dates for an office are run under
e single line head and in the same col
umn. The law would provide 70
educational qualifications on the par
q of an elector and under no circum
. stances may an election officer assist
= voter except for physical disability
: In such cases a judge and a clerk G
4 the election may enter the booth wit
. the voter and assist him in markin
. his ballot. Both the judge and clerl
under the provisions of the Hodges &C
must be members of the opposite part
than that of the elector.
: Give Women Right to Vote.
: The first real joy of the session fror
n the standpoint of the suffra gette Gem
f this morning when Fred Robertson
0 floor leader for the minority party, in
n troduced a resolution favoring tn
e rights of women to vote in general cleo
: tions in Kansas.
a Robertson's second bill if made
n law, is expected to greatly aid the stat
}. in the collection of personal poll tax.
: this bill, Robertson provides that eac
elector must pay into the county treas
ury SO personal tax, which will be re
3 funded when the man produces tn
proper receipts showing that he ha
y fulfilled his obligations This relieve
r the difficulty of rounding up the me
r who are not exempt from poll tax an
y leaves the matter optional with tn
: elector to secure the return of his So
Senator Quincy's bill on the tax la
requires the board of review to Civ
notice of their meetings and give tn
l. taxpayers a chance to appear and b
y heard He also offered a measure bino
ing on the owners of merchandis