Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-12-20

-
opposed to any legislation which will
make one bank respectable for tho de-
posit obligations Of another. The
guaranty OF deposits u forced upon
them. they win be compelled to disin-
corporate under the state law and to
Incorporate under the national bank
ing act.
When this matter came up In the
last legislature. some Of tho holdover
democratic senators who did not re-
gard themselves an Committed by tho
party platform adopted after their
election, declared their independence
upon the matter and defeated the bank
guaranty provision. I presume that It
will be difficult, owing to the divided
political complexion Of the legislature,
to secure any greater unanimity upon
this subject at this Legislature than
was secured at the last. Besides this,
the democratic party In its last state
platform did not re-commit the party
to this measure. assume that this
was due to the fact that they recog-
nized the difficulty that our state, with
it's few and scattered banks, would
have in working out an efficient sys-
tenn Of mutual guaranty OF bank de-
posits, and, therefore, they remained
silent on the subject. In this view I
think It would be well to leave the
question Of guaranty Of deposits to the
future, with the hope that 1t may here
after be accomplished in a manner
satisfactory to the banks themselves
by a gradual process Of evolution, and
1t would be we'll, think. to confer
with the bankers association OF the
state and strengthen and fortify the
existing law in such a way as to
secure efficient bank examination and
prevent the abuses which have hither-
to existed. Above all things, 1t is
essential that the law should require
the proper relation between both the
capital and the reserves Of the banks
the banks on the other.
Partisanship Diminishing
It seems to me upon these lines
there is an opportunity Of securing
great benefit to the state, and that the
very fact that neither party can have
entirely its own way may be benefit
cial In securing good results. Partisan
feeling has diminished OF late years.
The voters are now practically divid-
ed into progressives and reactionaries.
The platforms OF both parties during
the last campaign were upon progress
i've lines, though they differed some
what in degree. It seems to me, there
fore, that there Is an excellent oppor-
tunity for the progressive men of both
parties in the legislature to unite with
the governor in a practical program OF
economic and practical legislation that
will reflect equal credit upon both
parties, and will leave them to contend
with each other in the next campaign
not so much upon measures as upon
the personal qualities Of the candi-
dates themselves.
I enclose herewith a copy Of a letter
which I sent to Governor Dickerson
two years ago upon matters OF state
legislation, as IL contains some sug-
gestions which may be useful now. I
have no objection to your making these
letters public, as the people have a
right to know what their representa-
lives, both national and state, are con-
sidering with reference to public
action, and every principle OF the peo-
pies rule requires that they should be
consulted at every stage Of the forma-
tive process OF legislation.
Very sincerely yours,
FRANCIS g. NEWLANDS.
Letter TO Governor Dlokerson
Senator Newlands also turned over
to the reporter a copy Of his letter to
Governor Dickerson, above referred to.
From this letter, the following por-
lions are quoted relating to subjects
Of present interest.
Washington, D. c., Jan. 8, 1909.
Hon. d. s. Dickerson, Lieutenant and
- 10
City, Nevada.
Ny Dear Governor:--I regret ex-
ceedingly that we did not have an OBJ
portunity Of comforting together at
length regarding desirable state legis-
lation during the next session OF the
legislature. Pursuant to my promise
send you certain suggestions here
with.
Both OF us believe that the only way
in which a party can recommend itself
to the people Of state 10 through
good government, and know how
anxious you are to redeem every
pledge, in this behalf made by our
party. feel assured that our legisla-
ture, overwhelmingly democratic as 1t
Is, will be impressed with their respon-
sibility in this matter and that they
realize that they have in their hands,
not only the welfare Of the state, but
the future Of the party which elected
them.
will make my statement as brief
as possible, though It will necessarily
cover many matters which we have al
ready discussed.
Compensation Of Members Of the Leg
islaturo
It is clear that law should be
passed increasing the compensation Of
members OF the legislature. or course,
this cannot be made applicable to
those who are now in office; but II is
perfectly apparent that the present
compensation Of $500 for sixty days is
not such O compensation as will war
rant a competent man In Offering him
self for the office. It is we'll known
that, outside OF the expenses of every
candidate prior to the nominating con-
vention, the expenses OF the campaign,
alone will often absorb the entire COM
pensation. Our counties are large,
travelling expenses are considerable,
and It 10 necessary and desirable that
every candidate should como In con-
tact with all tho voters of the county.
My belief 10 that the salary Of every
member Of tho legislature should be at
least $1,000 for every session Of the
legislature, whether the session be
sixty days or less. This would. of