Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-02-20
Legislature Passes Measure
Enlarging High Tribunal
Bill Presented Hitting
Convict Contract Labor.
BANKS MUST GIVE
MORE INFORMATION
Statistics for Auditors Of
flee Must be Kept by the
State and Savings 1nsti-
tutions of the State.

| b. :
Des Moines, Feb Ex-senator Klay's
bill to increase the membership OF the
supreme court of Iowa to nine was
passed by the house this morning IS
| to 81.
The bill provides that the governor
shall appoint the three members OF
the court created by it Immediately.
These appointments must be ratified
by two-thirds vote of the senate.
May Use Convicts on Roads.
Two bills, OF which Attorney Gen.
eral Cosson approves and the draft
ing of which he assisted, providing for
the use of convict labor on Iowa high
ways were introduced in the senate
today by Senator Jones OF Mont
gomery.
The first measure provides that
prisoners in state institutions at the
option of the state board OF control,
may be used in the building OF high
ways and in other public works.
The other measure abolished the
contract labor system, but expressly
provides that no contracts at present
| in force shall be broken.
All members of the state fair board
were today subpoenaed to appear be-
fore the committee on retrenchm
fand reform tomorrow morning.
! Webber Has Bank Bill.
| State and savings banks will be COM
PEELED to furnish the same informa-
ton to the state banking department
as national banks furnish to the
United States banking department II
bill introduced in the senate yester-
day morning is passed.
Webber of Wapello, is author Of the
bill. He says that bankers favor the
measure Although it provides for
more information for the state audi
tor, no further information Is to be
given in the published statements.
Wants Much Information.
The information which must be CIV
len the state banking department is:
The amount of capital paid in.
The amount Of debts Of every kind
due to banks, bankers or persons 9TH
er than regular depositors.
The amount due depositors, includ-
ing sight and time deposits.
The amount of state, county. city
and school funds on deposit and the
rate of interest paid thereon.
The amount subject to be with
drawn at sight then remaining on de-
posit with solvent banks or bankers,
specifying each city and town, and the
amount deposited in each and belong
ing to such banks.
The amount of gold and silver coin
and bullion belonging to such bank
at the time of making such statement.
The amount then on hand Of legal
tender, national bank notes and sub
sidiary coin. .-a
The amount of drafts and checks
on other solvent banks and other cash
items not dishonored, then on hand
and belonging to the same.
The amount of bills, bonds and
other evidences of debt discounted or
purchased by such bank and then be-
longing to the same.
The value of real or personal prop
erty owned by such bank, specifying
the amount of each.
The amount of undivided profits, If
any, on hand.
The total amount of liabilities to
such bank on the part of the officers,
directors and stockholders thereof.
A list of the loans owned by the
hank in excess of the legal require
ment, giving the names of the bor-
rowers and the amount of the loans.
A list of the loans owned by the
bank more than ninety (9O) days over
due, giving the names of the makers
and the dates the notes matured;
which statement shall be transmitted
to the auditor of state within ten
d.ys after the receipt of a request
or requisition therefor from him and
by him filed in his Office.
Some Not to be Printed.
The auditor is given authority under
the Webber bill to examine accounts
of state and savings banks not more
thar. five times year. The examina-
ton, when completed, must show the
information that otherwise would be
furnished by the bank under the act.
The following information received
from banks Is not to be printed in the
newspaper statements:
"The name of the bank or banks in
which the bank making the statement
has on deposit funds subject to be
withdrawn at sight.
"The amount of liabilities due such
bank on the part Of the officers, d.
rectors and stockholders thereof.
"The list of loans owned by the bank
in excess of legal requirements.
"The list of loans owned by the
hank more than ninety DAYS overdna