The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1913-01-17

4
everyone who has given serious con
sideration to the matter. The more
| progressive states surrounding us
have one after another adopted it. and
| where once adopted there never is
talk of again laying it aside.
inheritance Tax Report.
The attorney general in his report
| calls attention to the condition of our
| inheritance tax law, pointing out ser
| ious defects in it, which seem to make
| II inapplicable to our conditions and
practically useless. He states that
acting in conjunction with +. +. Sni.
| der states attorney of Faulk county,
| he has secured and examined every
| Inheritance tax statute enacted in the
| different states, and has considered
| practically every case where such
| statutes have been construed, and out
| of this experience recommends the en-
! actment of a new statute. | endorse
| this recommendation, and suggest
that you give it your attention. 1t is
matter of the utmost Importance to
the state, not only because of the rev.
enue it may bring in, but because a
| properly devised and adequate system
| of taxing inheritances is one Of the
most equitable methods of taxation.
Primary Elections.
The primary election system Of
making nominations has justified it.
self. A new primary law making
some fundamental changes in the sys-
TEN of nominating candidates, enact
| ed by the last legislature and submit
ted to the people under the initiative
! provision of the state constitution,
was adopted at the late election Hav-
| ing been thus approved by the voters,
| it, of course, must be given careful
and thorough trial without change.
1t will be your duty to make such ap-
| preparation of funds as may be neces-
sary to carry it into effect.
| Our law defining and prohibiting
corrupt practices in connection with
elections should be improved and
| strengthened; those who may contrib
| ute to, receive and disburse campaign
| funds. defined and limited; candidates
| and personal representatives of candi-
| dates, political committees. and chair
man, secretaries and treasurers OF
| such committees defined and their
| duties outlined and limited ltemized
detailed statements of moneys re-
ceived and disbursed should be reQuir-
ed to be filed with the proper officer,
pending the campaign and before
| election, and final. complete state
| ments, making full. itemiZed and de-
tailed reports of all moneys received
and expended, from whom received,
to whom paid and for what purpose
| after the election. The law should also
| clearly define who may and may not
| contribute to campaign funds, and
| from whom contributions may be ac-
cepted or collected, and to whom and
| for what purpose campaign money
may be disbursed or paid, and limit
ing strictly the purposes for which
money may be expended in political
| campaigns: placing a positive limit
| on the gross amount that may be eX-
pended by, for or in behalf Of any
| candidate, such limit being based
| either on voting population or the
emoIuments of the office. providing
| that in no event shall the amount that
may be so spent by, for or in benalf
| of any candidate be so much at any
election as one years salary OF the
office he is candidate for.
Public Printing Cost.
call your attention to what I be-
lieve to be the excessive cost OF our
public printing for some reason this
seems to be growing with each sue
cessive biennum, until it now amounts
to a large sum. This is very import
ant matter, and merits your most
careful attention. After looking into
it with some degree of care | feel war
ranted in saying that we are paying
| for printing nearly or quite double
what we should.
Guaranty Of Bark Deposits.
I recommend and urge the enact
ment OF a we'll considered. carefully
prepared bank deposit guaranty law,
by which depOsitors may be made
safe beyond peradventure in deposi-
ting their money in banks chartered
by the state. The system has been
in operation now for several years
in Kansas and Oklahoma, long
| enough to fully test its effect in opera
ton, and it is giving satisfaction to
the people.
Many of the bankers Of this state
seem opposed to such a measure. ] am
inclined to believe that their objec-
tions are well taken to some Of the
| proposed measures, but ! believe a
law can be drawn eliminating every
Objectionable feature. ] am perfectly
clear on the proposition that the law
should be passed.
Investment Companies.
There is widespread demand for
a law to protect the public from i'm
position through the sale Of worth
less stocks. of companies Of question
able standing, and the promotion Of
schemes ranging from the visionary
and impartial to the downright fraud
ulent Schemes OF the most vision
arv and impractical kind skillfully
advertised by enthusiastic promoters,
are made to look like safe, sure and
very profitable investments and the
public induced to buy in that belief,
when if all the facts were known in
regard to organization. amount Of
nominal capital, number Of shares is
sued or TO be issued, amount OF In
debtedness, character and value Of
assets, or whether there are any as
sets at all, no sale could be made.
South Dakota, because OF the general
prosperity prevailing among all class
IS of it's people, has been a generous
contributor to this class Of schemes
and promotions. There should be
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