Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-03-22
Numerous Bills Now Being
Drawn for Consideration
When Senatorial Election is
Finally Concluded.
STRINGENT FINANCE
MEASURE BY CLARK
San Miguel County SoIon Has
Proposed Law Which viii
Amply Safeguard the Public
Funds.


| Especial Dispatch 10 tho Morning Jonrns!.l
Santa Fe, \. NJ, March 21.--it be-
came more evident today that until
the overshadowing question OF who
Will be the next United States senators
from New Mexico Is answered very
little, II any, law making will be in
dulged in by the solons now assem-
bled at the capital.
Both the senate and house held eX.
tremely brief and perfunctory sessions
today prior to going into joint ses-
sion for the election OF senators and
beyond the introduction of few bills,
two hints on senatorial ethics by SEN
ators Evans and Holt, respectively,
and a brief discussion upon the true
meaning and use OF language as moro
particularly applied to the committee
on rules participated in by Senator's
Barth and Holt, very little was done
in either house
Senator Clark will shortly introduce
a bin which is of widespread interest,
as it deals with the care and custody
OF the public funds, state, county and
municipal The bill will be designated
as AN act relative to the public
moneys" and la designed to secure
greater safety, "A reasonable interest
and to prevent any favoritism in the
selection OF repositories.
The bill has been submitted to a
number OF financiers, men OF affairs
and lawyers and har been pronounced
practicable and legal and Is now being
examined by the state treasurer.
The bill provides that every bank
desirous of obtaining a portion of the
public funds shall qualify and give
bond. the deposits to be given not to
amount of the bond. An interest on
the daily balance with minimum
rate of two per cent and maximum
of four is also provided.
All banks which apply and quarry
are to receive "A pro rata share OF the
funds based upon the amount FOR
which they qualify and the amount
of the bond. This clause is manda-
tory and is designed to prevent any
favoritism. These institutions are to
be subjected to periodical Inspection
with reference to their care or the
public funds by the United states
bank examiner and the state bank
examiner
heavy penalty Is provided for vio-
Iation of any of the provisions of the
act by either the officials charged
with the handling Of the funds of the
banks
senate bill No. 25, introduced by
Senator Walton today, provides Tor the
pavment of interest on balances by
deposltories of public funds. II Is un-
dorstood that the finance committee,
to which the bill was referred, VIII
uti,ize any of the desirab BILE features OF
this bill by Incorporating them in the
Clark bill when the latter measure
comes TO the committee.
The first gun in the battle between
statewide prohibition and anti-prohi-
bition was fired today In the senate,
with tho introduction of two bills. Sem
ator Hinkle leading the anti-forces
,vi,b the Introduction of bill provid-
inc that the sale of liquors shall be
roonlated bv the voters Of towns and
cities In other words loca. option.
This the prohibitionists declare. is
flanl, movement of the antis. designed
to sidetrack the straight out prohibi-
tion hin to he introduced later.
Senator Holt. on behalf of the pro-
bihition forces. introduced a bill,
known as senate hill No. "a, prohibit
inc tbe drinking of Intoxicating liquors
on railroad trains. interurban or street
cars or In or around railroad stations
and authorizing conductors to make
arrests for violation of its provisions
This hill has the backing of the pro-
and would practically |
eliminate the sale of drinks upon d.
ners within this state