The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1913-03-06
NEW BANK GUARANTY
BILL IS ACCEPTED
BY HOUSES VOTE
Allows Option. of Put
ting Up a Surety
Bond,
RIG HARDS WINS
His "swapping Bill Goes
Through Senate With a
Bare Majority,
RIG HARDS WINS
Mondays Daily

the turmoil ON the printing invostisa-
ton, and the printing committees of
the two houses, is the new general
printing bill which WAS presented in
both houses just before adjournment
Saturday night under suspension of
the rules, and given first and second
readings. This is the beginning of the
wilma up OF one OF the propositions
which has kept the legislature in
more OF less OF a mix up tor AT least
two-thirGs OF the session.
The Saturday evening session OF
the house MAS given over entirely to
the Morgan Iank guaranty bill,
which has as one OF its provisions,
that banks which do not care to 30
into the general bank guaranty funu,
may individually deposit a surety
bond with the state for the same por-
ton OF its deposits as required to be
d posted by the banks which 80
INTO the fund. The evening Was spent
i'll discussing not only the bill itself.
but incidental features OF bank guar
anty. the discussion AT times going
wide atleld, and when the vote was
taken the yeas were announced at 81,
just the vote required to carry the
phl, II less meaning failure. \ veri-
lication WAS demanded ana no chang
Is We're announced on this verilica-
ton. and the "cinch motion was
applied to allow it TO 80 TO the SEN
ate for Monday morning. Morgan
led the bill, reciting the conditions
at the failure OF the Meade county
bank, when the state and county,
through the guaranty they demanded
from bankers received every cent of
their deposits, while individuals.
among them two aged widows. lost
their all. He demanded that the leg
islature give the same protection to
the money of individual dcpositors as
it does TO that of the state and II
lies. or take off the guaranty they
demand, ana not to discriminate.
I.ecdom. Larson. Bielski, Blackwell,
Wood and Dillon We're for the bI.l,
with Kerr. Eide, Hart, Waltner and
N~oungquist opposed.
Argue Bank Guaranty.
The arguments on the bank guar
anty act which took all OF Saturday
evenings session We're warm at times
and efforts to cut of the long drawn
out debate by motions for the prev
iOuS question We're all defeated until
the last man who wanted to talk
had been given an opportunity to
express his views. The bill, which al
laws Il bank which docs not desire to
go into the genera fund, to supply a
surety bank. is claimed by the black
ers of the bill to require all banks to
come under either the provisions of
Y TIL, ,,r., .,.. IL il i- ,.aE.n1 n,. 90,
takec advantage of the provisions OF
the act OF four years ago, which has
been u dead letter ON the statutes, as
ii made the guaranty proposition AN
optional one With the banks and no
one paid amy attention to it.
The investigating fever has not
YET died out. a committee was APP
pointed in the senate TO investigate
tle charges made against Senator
Bowel in the Sioux Falls Press, and
in the house an Investigating com
mittce was asked IN regard to house
employees acti@s rs lobbyists. which
was voted down for the reasons stat
ed that it was toe late in the session
to investigate anything. and that amy
member who desired to could find out
all about the matter in five minutes.
Hamsen'S Siberia Trip.
There was more or less opposition
to the bill appropriatiug 100000 to
send Professor Hanson to Siberia to
search for forage plants adapted to
the northwest and Representative
Leedom in his plea made the state
ment that since statehood, appropriate
tions to the mount of 1900, 0O9
had been made for that portion Of
the state east of the Missouri river;
$4,000, 600 or the Balck Hills sec
ton. and $4,000 for that part of the
state west of the river outside the
Black Hills and they felt that in ask
ing for the $4,000 they were EMIT
led to a show for at least that much
when compared with what has been
given to The rest of the state.
There was more OF less OF a min
up on "a deficiency appropriation for
$4,000 in the state house mainten-
ance fund. This IA opposed on the
ground that there is no need for de-
ficiencies. But when the argument
was ended it was found that some of
the opposition was on account of the
provisions of the general bill. Two
years ago, the appropriation for main
] many VI NV h'N Sidlt. IiOuSc BlIi
grounds was provided as a guess as
to whist would be needed as no one
knew. The result of this guess was "a
shortage of over IS, 900. This did not
include practically anything for care
of the grounds the first year, but did
for the second, n they are now in
shape where it will cost more TO keep
the grounds in shape as the improve
ment work is extended. The appro-
priations committees in meeting this,
only added three thousand dollars to
the amount of the increase cost for
the next two years, which was look
ed npon as wholly inadequate for
what was known would be absolutely
needed since the guessing" period
of that requirement had passed, and
the opposition took the position hat
if the Legislature deliberately intend
ed 10 force a deficiency for the next