El Paso herald. (El Paso, Tex.) 1901-1931, 1915-01-16
ARIZONA PLANS
BANKING BOARD
State Guarantee For Bank
Deposits Provided For
in Webb's Bill.

are provided for by two bills introduced
in the senate by Sam T. Webb, Of Mari
copa.
The bank deposit guarantee measure
{ is modelled along the lines of the one
/ that was recently declared invalid by
the supreme court Of Oklahoma Local
: bankers and attorneys expressed the
( confident opinion that Webbs bill also
is unconstitutional. Bankers also be
( lieve that to force them to furnish as
| SCISSORS with lists of depOsitOrs and de-
posits is unconstitutional interference
I with private business.
HHntinE Board Planned.
A state banking board is provided
for in the guarantee bill 1t is TO be
! composed of the auditor, treasurer and
| a citizen member selected by them. The
! salary Of the citizen member shall not
be more than 81 a day, paid only while
! the board is in session
Each bank and trust company in the
( state is required to pay over to the
, banking board > percent of its average
daily deposits. One-fifth of this sum
! shall be paid the first year and one
! twentieth each year thereafteF till the
| entire sum has beon paid. Each new
| bank or trust company must pay to the
/ board three percent of its capital stock
! and surplus, until 1t has some deposits
/ to be levied upon. The money paid by
/ each bank into the guarantee fund shall
! be Immediately deposited with the same
! institution by the board.
Whenever the guarantee fund is de-
pleted the commission shall have au-
! thority to levy special assessments. No
bank. however, shall be required to pay
in one year more than two percent Of
its average daily deposits. In case
] there is no money to pay the claims Of
the depositOrs in defunct banks, certifi-
Gates shall be issued to them, redeem
able when there is money in the fund.
To Facilitate Assessing Work.
The other baukiup hill is DESIGNED tn
enable assessors to collect taxes on
bank deposits. Each bank and trust
company must furnish the assessor Of
the county within which it is situated,
on the first Monday Of each January,
a complete list of its depositOrs, to-
gether with the balance of each Two
cents a name shall be paid the banks
for these lists Failure or refusal to
comply with the law constitutes mis-
demeanOr. punishable by a fine of $50 !
to 500. Any assessor has the right to !
examine the books of any bank when /
ever he chooses, under the proposed J
law.
Both of the Webb banking bills carry
emergency clauses.
City Club Bill Introduced.
BY request, senator Hugh Campbell
introduced a municipal club bill
drawn by a Flagstaff doctor who be- 1
ieves that Arizona cities and towns !
must provide a substitute for the sa-
looms which have been abolished. Each !
municipal corporation is required TO
furnish its citizens with free club |
provided with billiard and pool tables /
bowling alleys and other amusement (
devices. In uninCOrpOrated towns, /
school houses may be used as club /
rooms when not used for educational !
purposes.
Would Eliminate whisky Breaths.
Committee reference OF DraChman's /
search and seizure" bill, which, il {
passed, viii make it unsafe for one to / /
ha DI, 81
breath, caused a heated but good ma ]
tured discussion in the senate.
President Sims announced that he had {
decided TO refer the bill to the commit T
tee on constitutional mandates, since it
Is designed to carry out a mandate en- : (
bodied in the prohibition -mendment.
Claridge thought that it should go to
The committee on constitutional amend /
nents and referendums. Lovin rose to ! n
remark that as the bill will give the / y
governor authority to call out the ma (
-ional guard to enforce the measure, il / ~
should be referred to the committee On ! a
militia, Of which he is chairman. Gold .
water thought that the bill proDerlv / -
in the hands Of the committee / Il
IN agriculture and Irrigation. On roll L
all the action OF the president was sus- t
aimed. "A to 3. +
Tax Extension Is Debated.
In committee of the whole the senate n
Engaged in a spirited debate over
Nebb's bill extending to April Is the , @
ime for paying state and county taxes. / +
which became due in December. Cold s
water, of Yavapai and Chase Of Green n
ee, asserted that to pass the bill would {
he TO discriminate against citizens who p
aid their taxes at the legal time, per- f,
laps borrowing money to do So They G.
'oinued out that in November the peo- h
lie turned down a bill providing for / c
emi-annual payment Of taxes They ( ID
we're outnumbered, however. and the , h
onmittee recommended the adoptOni / n
f the measure which will pass the up ! f,
er house in day or two. il
Martin of Pima, announced that he | ST
ad in course OF preparation a semi / N
nnual tax payment bill similar to the +;
ne that was defeated in November. S,
Reports Submitted. n
Reports from the following officials ! 81
nd departments We're received from I e
he governor and referred to the proper | II
in both houses: d,
State examiner, board of bar exam | p,
1ers, auditor, secretary of the board of CO
OnTol, tax commission, superintendent cl
the industrial school, game warden. ST
GARD Of pharmacy, northern Arizonl | re
Ormal school, commission Of agricul-
IRE ana horticulture. apiary inspector. / b
1eep sanitary comm isSiOn, Arizona Pr
neer Historical society, board Of un-
and embalminE, superintend-
Mt of the asylum for the insane, in ia
DectOr of weights and measures. board I I'll
f health, board OF dental examiners. w
=
lperintendent Of the penitentiary, pi- TIL
neer home, livestock sanitary board,
nd superintendent Of schools te
Protest From COcOninO. tn
At the request of the COcouinO county Sc
representatives., a communication from ! m
ne supervisors Of COcOnino was read in OF
9th houses. The supervisors asked the tn
,gislature to do anything in its power tn
} make necessary the enforcement of / Of
re mothers pension act. Like all 9TH
counties, Coconino county has a num- J ag
ar of poor persons WAC viii be turned I tn
ut on pubic charity if the poor farm re
sold. pr
Senator Webb outlined the condition NJ
rat exists in MaricOpa county. There ! IL
re 81 inmates or the Maticopa county 1 di
ospitaL Ten are bedridden and ONLY IA
arc over so years Of age. All under an
are ineligible to receive pensions un-
or the new law. At the tuberculosis
ospitaI there are 20 patients, seven
sdfast only one is over So
The senate held another long execu- Ia,
We session to discuss means Of cir
lmventing the pension law.
Announces New Committees fro
Speaker William Z. Brooks has an
i