Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1911-07-12


ing for two examinations of each
bank in the state every year. This
| measure increased fees of the banks
| toward the support of the state de-
/ partment in order TO meet additional
| expense incident to the extra exam
ination. Other banking bills Of i'm
portance were as follows:
Limiting the amount of stock a
! bank may loan upon the stock OF an
other bank TO 10 per cent Of the capt.
tai stock Of such other bank provid-
ing It paid dividend and has existed
two years.
Providing that bank directors shall
not be mere figureheads and that they
shall examine at least four times a
year the affairs OF the bank.
Prohibiting mutual savings banks
from loaning money upon personal
security.
Limiting real estate loans to Wis
consin, Minnesota, Iowa, Illinois, and
Michigan.
The bill providing for the segrega-
tion OF bank deposits was defeated
after weeks Of discussion in public
hearings.
Among the banking bills killed were
the following:
To allow state banks to receive
postal deposit funds
Limiting the amount a bank may
loan to individuals, a firm or a cor
poration.
Limiting the organization of new
banks.
GOOD ROADS.
The Donald good roads bill inaugu-
rated a new policy in Wisconsin and
creates a state non-salaried commits
sion Of five members with far reach
ing administrative powers. The an
nual appropriation is $35 900. Three
of the members of the commission are
appointed by the governor, and the
other two members shall be ex-officio
the state geologist and the dean of the
engineering college of the University
of Wisconsin. The commission is Civ
en- full charge of all matters pertain
AAEs w INC expenditure VI AnC bAdlt
highway fund in the improvement of
public roads and bridges in the state
and will maintain an Office in the
capitol in Madison. II will be the
duty of this central body to apportion
the state highway funds among the
several counties and to review the
system of prospective highways select
ed by county boards and alter them
so as to make the system of adjoin-
ing counties connect into continuous
and direct routes. 1t is within the
Jurisdiction of the board to refuse to
allow state funds to be used in the
construction of any road or bridge
whenever the work is not considered
of sufficient Importance TO justify the
improvement with state aid The com
mission, on request Of the board of
supervisors of any county, shall take
direct charge of the construction and
maintenance of state aided roads and
bridges In that county, the actual
cost of the supervision to be paid by
the county into the state treasury each
year for the benefit of the state high
way fund. The commission, on re-
quest will be expected to furnish
lists of competent road builders to
any county desiring to elect a high
way commissioner. or examine into
the fitness and qualifications Of can
didates for the position. The systems
of highways shall be known as the
county systems of prospective state
highways. Each county board will
make provision for this system, which
shall at first include not to exceed Il
per ent Of the road mileage of the
com ". and shall begin at the cor
porate limits of the county seat and
of the various market towns and rail-
road stations of the county and in
Guide the main travelled highways
leading into each town. II is left
with the county TO determine what
percentage of the cost shall be borne
by the county and what percentage
by the towns. The towns and the
county will pay not less than &c 2-S
per cent of the total cost of the roads
and not less than so per cent of the
total cost of bridges.
In no case shall the town pay more
than the county.
The electors of any town may vote
a special tax of not less than $3.50 for
bridges and not less than $500 for i'm
proving a portion of the system Of
prospective state highways The to-
tai amount of taxes voted in this man
ner shall not exceed three mills on
the dollar of the assessed valuation OF
the town unless the minimum tax
| named shall require a rate greater
than three mills on the dollar. in
which case it may be raised TO 1--WE
mills upon a threefourths vote. The
| county will furnish the necessary ma
| chinery for the construction and main
/ tenanCe of state highways, and the
! county boards shall levy the rcces-
/ sary taxes for the purchase or rental
/ of the machinery. The law provides
that county highway commissioners
shall receive a salary Of not less than
$500 a year. a term Of Office to be not
less than three years. Unless the
| commission decides some other method