The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1911-01-20
BANKING BILL UNnERcoEs I'M
PoRTANT CHANGES IN THE
SENATE AFTER MUCH DEBATE.
MAKING way FOR
IMPORTANT BILLS
Both Houses Work on Routine Meas
ures-code Bill and Redistricting
viii Require Much Time-olover Is
Active.
speeIaI By unIted Pres.


Special by United Press.
Oklahoma city, Jan. 2o-Both
houses convened at 2 o'clock this att
ernoon and began consideration of the
bills which fill the calendars. 1t was
expected that the senate committee
would report on the sheriffs' fee bill.
Leaders Of both houses are anxious
to get rid Of the routine business in
order to make way for action on the
code bin and redistricting which arc
expected to consume much time.
Bank Bill Doctored.
That state banks in Oklahoma can
continue to use national banks as REL
serve agents, If they wish, was de-
cided BY the senate Thursday after
noon when It killed the provision OF
the Roddie banking bin, intended to
prevent them from SO doing, which
was regarded BY Senator Roddie as
the most important feature Of the bill,
and then advanced the bill as amend
ed to third reading and final passage.
The section stricken out, which was
intended to be reciprocal with the ma
tionaI banking law. provided that cll
state banks must carry their reserves
With banks within the state, protected
by the guaranty fund, or with banks
located in recognized reserve centers.
They were allowed to carry not more
than 10 per cent Of their capital and
surplus in other than guaranteed
banks within the state, with the pro-
yiso that such deposit should not be
counted as a legal reserve.
This limited the amount which
could be carried by any Oklahoma
state bank in national bank within
the state to the 10 per cent proviso
and cut out altogether deposits in
Wichita, Fort Smith, Paris, Denison
ana other towns in other states close
to the Oklahoma border, which have
been doing heavy business in the
Oklahoma towns within their trade
territory.
The fight against the provision was
led BY Senator Sid Garrett, Of Musko-
gee, who is interested in national
bank at that place. ana It was his mo-
tion to strike out that was finally car.
ried BY vote Of 20 to 16. Garrett
asserted that the section was directed
against natinoal banks and was not in
favor Of state banks, but in favor Of
the big reserve centers Of the east
and north, where they can start a
panic any day"
Extend Payment.
A bill by Vogel, Charles and Miller,
giving the county commissioners pow
er to extend for thirty days the time
for paying the first half OF the annual
taxes, now due January 1, and delin-
quent thereafter. was passed to en-
grossment and final roll call
The tax extension question mas been
up before every legislature, and for
that reason some Of the older mem
bers were inclined to resent the bill.
McDufie said that the value of war
rants is being impaired by such con-
stant meddling with time Of tax pay
ments. vogle made the chief argu-
ment in favor Of the bill, and it was
the old argument that taxes were de-
lnauent generally over the state not
because the taxpayers did not have
the money but because the county Of
ficers were so busy checking them
selves out and the new officers in that
there was no time to accept or re-
ceipt for the taxes.
Glover Offers Amendment.
Glover moved to strike out the sec
ton extending the time for paying
the first half Of taxes from January /
10 March l, and substitute a new sec
tion allowing the county treasurer TO
exercise his own discretion ana IN
case Of emergency extend the time for
thirty days.
The Glover amendment would have
won. but he withdrew it in favor Of an
amendment by Anthony giving the
county commissioners this power TO
extend time Of paying taxes thirty
days, and in addition, providing that
taxes should not become delinquent
until thirty days after the tax rolls
had reached the county treasurer. and