The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1911-01-25
REVISION Of
SUPERVISION Of
STATE BANKS
New Law Proposed Follows
Closely the Lines of Mime
sofa Statute
REsUBK|ss|OM BILL W|LE "a ,s ;,
Be INTRODUCED THIS WEtss'
The Author Says the Amti.Prollibition.
lists Arc Sincere in Their Desire
to Have the Law Submitted to the
Popular Tribunal.
(II, ~. PACJ.SON1

UI. ~. PAULSON.)
Bismarck, N. d., Jan. 25-Complete
revision of the bank supervision sys-
tenn in North Dakota, patterned
closely after the theory of the Thorpe
bill passed by the legislative assem-
bly, of Minnesota two years ago, will
he proposed in bill that will soon
be presented to the North Dakota
legislature. The bill is now being
drawn and the probabilities are that
it will he introduced in the senate
within week or ten days.
Extensive changes from the pres
ent plan are proposed in the meas
ureure that will be submitted, super
vision Of the banks by the public ex-
aminer being done away with by the
substitution Of bank commissioner
who will have complete control of
that work. Unde" the bank commits
sioner the state bank examiners will
he created, these state bank examin-
crs being given certain district.
The rough plan so far worked out
will provide for about six of such dis
ricts, giving each examiner about
100 banks.
Instead of an annual inspection of
each bank, as now provided, semi-an-
lrual inspection will be required.
With the same examiner handling
the banks of a district he will soon
be familiar with the workings of each
individual bank, that being one of
the strong points that the supporters
of the measure will advocate Under
the present system the deputy bank
examiners have no. regular territory
to cover but go to place from place
without any pretense of trying to
cover the same banks one year that
were covered the previous year.
Bankers of the state arc very much
interested In the proposed legislation
aud declare that much better results
would be achieved from such inspec-
tion as against the present plan. At
the present time there arc nearly
600 state banks in North Dakota and
the plan is to give each bank exam
1ner about 100 banks in his district.
so that it will lie necessary to create
about six districts to start with. That
number would be increased as the
number of banks was raised.
TO Propose RcsubmisSiOn.
1eesubmission will lie proposed by
Representative SgUtt of Wells coun-
ty in bill that lie will introduce this
week. There have been rumo:s for
some time to the effect that a resub-
mission bill would he before the as
sembly and this week Mr.. Sgutt an
nOllnced his intention of introduc' 'ng
such measure.
1--WE would like to gain the present
sentiment of the people of the state
on the prohibition question by hav-
ing a vote on the same. If resubmis-
sion fails to carry, then we will he
satisfied and make no further effort
at this time to secure change from
the present plan, but the ant:-pro-
hibitionists are sincere in their wish
es for an opportunity of casting their
vote on the subject
In the Ninth and Tenth legislative
assemblies resubmission bills were
introduced by MIR. Streeter of En-
mons county, who is still a member
of the assembly. Two years ago
there was no resubmissiOn measure
proposed.
Would Have Same Salary.
Under the change in the salaries
OF the Judges of probate court, as pro-
posed by the bill that was introduced
by Mr.. Frame of Walsh county. the
amount that would be allowed such
officers is exactly what it was up to
two years ago when a change was
made by reason of the removal of the
drug permits from that court to the
district court. The increases pro-
nnSn6 ,pn6np t1,o Ero inn l,;l rrD,,,
500 to $500 per annum.
The salaries as proposed by the
Frame bill follows: In counties lav-
$500,OOO, the annual salary is fixed at
500; In counties having valuation
OF from $50O,000 to $1.5OO.0OO, the
salaries would be $500: in counties
having Il valuation OF from $500. 900
to $2.'MO.NOO, the salary is fixed at
$500: having valuation of from S.
O0O. 900 to $4,000 900. a salary of $500:
from $2.50O,00O to $4,000 900. a salary
600. u salary of $1,000: from $7OOO..-
COO to $4,000 900, Il salary OF $l.7OO;
having II valuation of more than $S.-
600. 900. a. salary Of $1,000. Tho sal
aries of judges in counties of increas-
ed jurisdiction are not affected by
this bill.
Under the terms of the Homncs
bill. introduced in the house, c0difica-
ton of the probate laws Of the state
is proposed. An appropriation OF
$1,000 is asked of the assembly to
carry out this work. This bill is In
line with the request that was made
recently by the County Judges asso-
citation Of the state at it's meeting
held In Bismarck
Increase nj Institute.
An increase of $50 a year for tax.