Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1915-03-19
bfned capital and surplus to one bor-

/
rover. Under the present law the
limit is Is per cent of the capital stock
of the bank. Regulation of private
banks, to the extent that they shs IL
be officially inspected by examiners
from the office of the auditor of state,
is the provision of another bill fav-
ored in the house. The house COM
mittee on banks and banking has also
reported out for passage the bill by
Representative Smith, creating farm
mortgage banks. Corporations for the
purpose may be formed to consist of
mot less than ten persons, With paid
up capital stock of not less than $780,
OOO Upon approval of its charter by
i the auditor of state and the issuance
may engage in making loans on farm
lands, the loans not to exceed so per
cent of the value of the land in any
! instance. The mortgages may be
pledged to the auditor of state, who
shall keep a record of the same, and
the bank may issue bonds pledged by
the mortgages as security. Further
provisions of the bill are that the
banks thus engaged may negotiate
mortgage loans and buy and sell
without recourse Iowa farm mort
cages which comply with the provi-
sions Of the state and federal laws.
Three examiners and appraisers of
farm lands are to be appointed bf the
auditor of state.
Several New Bills to the Governor.
New laws which have gone through
the final stage of making during the
past week, by receiving the signature
of Governor Clarke, include the bill
by Senator Perkins, of Delaware. pro-
viding for the treatment of deformed
children and those suffering from a
malady, at the medical school of the
state university, at the expense of the
state. 1t is expected the new law will
prove boon to many people who can
not afford high priced treatment of
regular surgeons and physicians.
Other new laws signed by the gov
ernor include the following:
House File SIS, by Sullivan-Legal-
izing DEGREES obtained prior to jan
uary l, 1915, in cases against un-
known claimants, defendants, where
the notice was entitled in the initial
or initials of the plaintiff instead OF
his Christian or given name.
Senate File 66, by Arney-Relating
to transfer of public squares and
other plats of ground decided or dedi-
Gated to the public for school pur-
poses.
House File 11S, by Griffin-Provid-
ing that pawn brokers. junk dealers
or dealers in second hand goods shall
report to the police the purchase or
receipt of certain classes Of goods.
that such certain goods shall not be
sold for certain time and that they
shall be displayed where the public
may inspect them.
House File II, by Sullivan-Relat-
ing to the release of liens by foreign
administrators, executors and guard
fans.
Senate File 1874, by Thomas-Legal-
izing the acts of the council of the
town Of Diagonal.
- New Custodian Measure.
/ Senator Savage has introduced q
bill which is intended to abolish the
present position Of custodian OF the
state house and capitol grounds, and
add the duties Of custodian to those
OF the adjutant general OF the national
guard. In introducing the measure
Senator Savage says he had no object
in view beyond that OF economy In the
administration of the duties of the
position. AT present the custodian is
paid a salary Of 81 800 a year. He has
q secretary drawing 5000 q year and
a chief of police drawing 5000 annu-
ally, q total of $4,000. The adjutant
general of the state is receiving
salary of $4,000 year. The Savage
bill raises this to $4,000. meaning an
increase of $500. but as it wipes out
an expenditure of $1,000 annually the
final showing is a saving to the state
of $500 a year. There has been much
dissatisfaction expressed to members
of the legislature over present condi-
tons relative to the custodian's Office.
and the senate has held up for several
weeks the appointment Of Captain
Duckworth. which was made by Gov
ernor Clarke early in the session and
which must have the approval Of the
senators to become effective. Captain
Duckworth was first appointed by
Governor Clarke two years ago and Is
now closing his first term.
Many Anti.Liquor Bills.
Senator Whitmore, of Wapello coun-
ty. has forever cinched his position rs
champion introducer Of bills for the
present session. He did this by plac-
ing before the senate at one session a |
bunch of ten separate measures. all
intended to strengthen the statewide |
prohibition law which will be put into |
effect in Iowa next January. The new |
Whitmore measures provide: That |
common carriers must keen a record !