davidaulloa/AmericanStories huggingface dataset:
The Prescott daily news., 1916-10-25

There has never been so much mon ey in the state as there is now This is due to the high price of cotton and other farm produce, and the farmers are experiencing a degree of prosper ity that they have not known in many years.
 The condition of the banks in Little Rock is fair criterion. On Sept 12, the state banks had total deposits of 80 ,949, ,552.S3, and the national banks deposits of $5,57O, ,56765. making a total of $15,520,120.4S for the Little ock banks. Since that time, the de posts have increased rapidly, until there is now in the city an aggregate of more than twenty million dollars, the largest amount of money ever ac- cumulated in the banks of the capital city.
 One day last week, two of the banks the German National and the Bank of Commerce, had deposits aggregating nearly nine million dollars, the two being neck and neck. Thce banks are leading. with the German usually in advance of the Bank of Commerce. Never before has a local bank been able 10 report as much as five mil lions in deposits at one time.
 Large quantities of money are be- ing used in moving the cotton crop, but this does not seem to diminish the accumulation of wealth. All loans that are asked of the banks are being made whenever the security Is sui fcient and loans are being sought by the banks to keep the money in circu- lation.
 There is more building in progress in Little Rock at this time than there has been in several years, and this is keeping considerable money in circu- laton and providing employment fer a great deal of labor.
 Loans are being made on desirable business property at rates as low as , l-2 and per cent, and there has also been a slight decrease in many instances in the rates for residence loans. A local banker, however, de clares that the banks cannot we'll re- duce their rates of interest so long as they continue to pay four per cent on savings deposits, and to pay interest on daily balances in excess of the amount they are able to realize upon their loans.
 The formers are prosperous. Old q d.'tr of long standing are being liqui-
 c1 mortgages are being lifted,
The Prescott daily news., 1916-10-25
REAL ESTATE TRANSFERS.

J, C. Peterson and wife to Il. flaw kins, W l-2 W l-2. $ q l-4. B, 15, p: consideration Sl25.
 F. F. Wells and wife to Chas r. Pittman, ne 1-4 SC l-4, 32. 10, 21; con sideration $500.
 j. A Fisher to Moore X Martin, lot , and 6, block 10, R. R. survey Pres colt; consideration $3S5.
The Prescott daily news., 1916-10-25

Go to church tomorrow.
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19
PROPOSED AMENDMENT NO. 1.

BY Chapter 379, Laws 1915. tho legie.
laturs proposed for adoption by 3
(2) Of Article Eight Of the Constitl.
ton. by adding to said Section Two .
new paragraph.
Section Two ~ Il now stands reads
- follOwss
Section 2: SCHOOL. AND SWAMP
6F-The proceeds Of such lands as are
or hereafter may be granted by the
United States for the use Of schools
within each township in this stats
ehal! remain a perpetual school fund
third OF said lands may be sold In two
years. one-third In v years. and no.
third In ten years: but the lands Of
the greatest valuation shall be. sold
arst: Prcyided. that no portion Of said
public sale. The principal Of all funds
arising from sales or other disposition
intrusted to this state in each towns
ahlp Tor educational purposes, shah
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19

I":v.r :,> preserved invl0la.o a.A -.
ain,iAi*ncd: and tho income al isind
from the lease Or sale OF said sc".o!
.terent townships throughout the state.
in proportion 20 the nulabcr OF scnUA.
ars In each township. between the agca
be faithfully applied to the SPECIFIC
objects Of the orisinsl gral.ts or ~.
enacted by the Legislature for the safe
Investment OF the principal OF all funds
which nave heretofore arisen or wlicn
may hereafter arise from the sale or
ncolno from such lands acc:uing in
any way before the sale or disposition
the Tinted States. or Of The D state Of
or Of such other state as the iesisla-
rect. Al swamp lands nov held by
To- the i!s's state et '" ssa f1ag BE- %"e aSsraise d'e and
same officers, Ind the minimum price
s snan be the the sane n less one,thira: as i.
and sale Of the SCHOOL lands under the
!9h !he psiseipa q 81 fhe All qsf fsnds st a.rivsd
from sales Of swamp lands as afore-
sate s ana a aoGaY1r ss Rresoer ns.ba 'Tv' o.
appropriated to the common school
fun Of the state: the remaining one-
half shall be appropriated to the edu-
cational n charitable institutions Of
the state in the relative ratio OF cost
10 support said Institutions"
h paragraph which 1t Ia proposed
to add to said Section Two reads as
lOllowss
"A revolving fund OF not over
two hundred fifty thousand dol
lars G260,9O0 may. be set apart
from the fund derived from the
"a sale h. OF ns seho 20 and swamp LANDS
bitches and fire breaks in, through
n around unsold school and
swamp lands and in clearing such
lands. such fund to be replenished
as long as needed from the en-
HANGED value realized from the sale
Of such lands SO benefited"
Under Section Two as 1t now stands
the proceeds Of the sale OF school and
swamp lands constitute the principal
Of a trust fund, the income of which
Is used for the support Of the schools.
Of the state. Section Two as it now
stands provides that the principal Of
such fund "shall forever be preserved
lnviolate and undiminished."
THE EFFECT Of tho proposed
amendment, # adopted, will be to mod I
lly the provision last quoted to the
extent Of permitting the Legislature to
set aside not to exceed $500 300 Of the
principal OF the trust fund as a revolv-
Ing fund to be used for the purposes
stated in the amendment proposed.
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19

Said section now reads a. follows'
BY Se Go%ER Il; rrf3 VGTo rs PoW FEfls
Every bill which shall have passed the
conformity to the rules of each house
and the Joint rules Of the two houses.
shall, before it becomes q law. be pre-.
Sented to the governor of the state. IL
he approves he shall sign and deposit
it in the Office of the secretary of stats
for preservation. and notify the house
il not. he shall return it with his OBJ
jections. to the house in which it shall
have o%riginated; when such objections
nal Of the same. and the house shall
proceed to reconsider the bill. IT.
after such reconsideration.. two-third'
Of that house shall! agree to PASS The
objections. to the other house. BY which
i shall likewise be reconsidered: and
II it % approved by two-thirds Of that
all such cases the votes of both houses
shall be determined by yeas and nays.
and the names Of the persons voting
lively. II any bill hall not be re-
turned by the governor within three
have been presented to him. the same
shall be a law in like manner as if
he had signed 1t, unless the legislature.
ny NuJONCiluISut "ltuln IQdI Time, pre-.
vents its return: in which ease 1T shall
not be q law. The governor may ep.
prove. sign and Ale in the office Of thu
secretary Of state. within three days
after the adjournment Of h lesisla.
three days Of the session. and the same
ssnted to the governor eonts!ns sey-
he may object to one or more OF such
portion Of the bin: n such ease he
Of signing it. 2 statement Of the items
ton SO objected to shall, not take Of
he shall transmit to the house in which
the bill originated q copy of such state.
ment, n the items, objected to shall
BE- separately reconsidered. IT. on re-
consideration. ona or more IT such
Items be approved ny two-thirds Of the
members elected to each house. the
same shall be a part nt the 1aw. not.
withstanding the objections Of the gov
ernor. All the provisions Of this sac.
ton. in relatlon to bills not approved
nv the governor. shall nprlv in cases
In which he shall withhold his approval
from any item or items contained In q
bill appropriatlng money"
1t In proposed 10 amend that sectleH
% that II shall read N f0ll0wss
.ssction II. Every III which
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19

one receiving the highest number
a. to condictins provisions.
The style e1 all legislative meas.
ures and amendments to the cons
%stitution Initiated by the psoPle
I Spd ss.e ssss i s. sss Pop $:apls p; Of &:
State Of Minnesota"
The, provision. Of this seetios
Hesitation. but until. such lsslsla-
ton has been enacted, this section
shall be self executing.
THE PURPOSE AND HRFRCT q
This amendment, ~ adopted, Will bs
tAree-fold.
(a) 1t will permit the voters to pre-
pose amendmsats to the state soastitu.
hon, for adoDttoas without aetien ~
the legislatsre. UPds1 the constitution
a. 1t now stands eonst1tut1onal ane1A4
ments can DO proposed only BY the Leo.
lslature..
(b) So, too. 10 adopted, the ansaa4
meat will permit electors to DroDss(
BY the l~egislatusss, the voters may ~
su6cient Dstition. require the question
Of the enactment Of the proposed Law
to be submitted to the voters. II sDl
proved By . majority Of the s~lsetor1
voting, thereon, provided the veto n
favor Of the proposed law 70 not lesa
than thirty-tArse De1 cen Of the fetal
aumber OF votes east 1t such elsetis1(
the same becomes q law With the saD1
forco and effect % though passed ~
the legislature. The governor VIII
have no power to veto q law 30 passed.
but the people cannot 90 pass any lav4
which 10 prohibited By the cor
stitution.
: (c) So too. IL adopted, the anends
ment will permit h voters By proped
petition to require . vote on the guess
ton of whether or not any Law or part
thereof, Of certain classes Of laws
passed By b legislature shall be ro<
pealed. If the petition asking for It'd
referendum IL signed By Aftesa pei
cent of the voters Of the state. the nu,n1
Der Of whom - to DO detormined b3
the number Of votes cast for Governed
Mt the preceding election, the law. a
referred to the voters wnl not tak{
effect pending h referendun Yeti
thereon. The vote required to repeal
law passed By the legislature and tha
classes Of laws which cannot be ~
repealed are specified In subdivislo1
"C' Of the proposed amendment ID
above Priated.
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19
PROPOSED AMENDMENT NO. &.

BY Chapter 331. Laws 1915. the legis.
lature proposed fer adoption by thu
of the Constitution by addinH
thereto a new section. which reads 4,
follows:
section II. The legislature -
hereby a%uth2ri1sd to provide by
iron ore or other minerals which
the state owns. In its sovereign ca.
pacity. and rs trustee for the peo-
pie Of the state. which are situate
(, under the waters or bed OF, any
m~andered public lake or rive-.
ana for that purpose NAV provida
for the drainage OF any such lake
or river. or the diversion o. tha
waters thereof to 4 new bed or
channel. provided. however, that
the vestod riparian rights e pri..
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19
PROPOSED AMENDMENT NO. r.

By Chapter 3s5. Laws 1915. the legis-
latur proposed for adoption by the
81 Of Article Four 14] Of the consti-
tuition.
Section One a. It now stands. reads
u follows:
Section |. TWO HOUSES SEES
Of the senate and house Of representa-
tives. which shall meet biennialiy at
the seat OF government OF the. state,
L. suf but time me a asz shan a 1s Rre sxeeed by
tern term of Of ninety IRsy lsgislatizs days; and no
branch except on h written request
ty days Of such session. except the at
tenttOn OF the legislature shall be
called to some important. matter OF
general interest by = special message
from the governor"
II the amendment b adopted, the
rection will then read ~ follows.
Sec. l.. TWO HOUsEs-sEs-
s1oNs. The legislature shall!
consist OF the senate and house Of
representatives. which shall meet
ment OF the state. at such time as
session shall exceed the term Of
mo- nen sii1 . fsS} be asf% fnteoaused qf X s.th .
branch. except on the written re-
guest Of the governor. during the
last twenty days of such session.
except the attention of the legis-
lature shall be called to some Inn
portant matter Of general inter-
est by a special message from the
governor: but the people reserve
to themselves direct power al fol-
lows:
Ca CONSTITUTIONAL INIT1A-
TIvE-When at any time prior, to
Of the ie9islature., there shsii have
been nled with the secretary Of
amendment to the constitution.
sisasor, o 3, TIC tss s Rsf ee mt aec Of sns
Of state shall transmit the
same to the legislature net later
than ten (1o) days after the COM
msncement Of III session. II the
amendment 80 proposed be not sub
lature at such session. or 1t it be
submitted in an amended form,
!: then. upon Q further petition or
+, eentum of the electors Of the state.
! hled with the secretary Of state
; with1n $. SIX y ~o tha aftSs t the a. a.
amendment proposed in the first
petition. or one or more amended
. Forms thereof. shall be submitted
to the electors for their approval
or rejection at the nsxt general or
ring not less than ninety. days
after the ming of any such fur.
ther petition. ANY amendment
proposed 81 inttiativs petition and
| u lts ORIGINAL or Y an amended
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19

rhe sset a4ali 4 b. t rhe3SniiAhr5a ,e eo sefS ri
ganized county. in the state a probate
court. which shall be a court Of reel
It shall be held By one Judge. VIII
shall be elected by the voters Of th1
shall be a resident Of such county al
t tine fims aue 1f rhi his el eeat1n;a. aaa n Ts' ot1
fee; and his compensation shall ,bl
provided by law. He may appoint bill
own clerk whore non a been elect}
ed; but tho legislature may authoriz(
the election. by the electors Of anJ
duties. term Of office and Nompensatio3
shall be prescribed by law. A probate
court shall have Jurisdiction over thu
s setate ,,nd Of dss sza;sn. Rs;pso%n nt and m RE-
Jurisdiction, except ~ prescribed bj
this constitution"
The anendment slmply proposes Il
substitute the word "louro for thi
word stwon 80 that the sentence pre-
serlblng the duration Of the term 81
ONCE will, II the amendneat 10 adopts
ed, read as follows,
1T shall be held by one judga
who shall be elected by the voters
Of the county for the term OF four
years"
PURPOSE AND EFFECTs The
amendment. II adopted will make the
term of ONCE Of the Judge Of Probat(
four years Instead Of two.
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19

ing lang adjoinlnx such lake.
shall not be aestroyed or damaged
pensation therefor shall be hrst
al funds arising from the sale OF
such iron ore. or other minerals,
shall forever be preserved lnvio-
late. and undimlnisneu. tut the in
come therefrom shall pe used for
the construction. Improvement
II maintenance Of the public
OF the state. The principal
of such funds shall be loaned or
invested in the same manner. by
the same officers and upon the
same terms as Is. or from time TO
ft"e h eec constitut may a pe a% iaM9' fer
the loaning or investment of the
permanent school and university
funds Of the state"
THE PURPOSE Of the proposed
amendment cannot be more clearly
stated than Ii expressed therein.
THE EFFECT Of the amendment, II
adopted, would be to confer power ON
the Legislature to provide by Law for
the mining Of from ore and other min
ercign capacity and situate under the
UCu "a uuy A1C0UuCECU YHAOA1C lU1Ac OS
river, subject to the restriction that
rights Of riparian owners on any
such luke u river, shall nOt he de-
ItrOyed or Injured without cO%nipenxa-
lion. II the legislature exercises the
power, in case 1t II conferred. 1T could
also provide for the drainage or d.
Of the waters OF the lake or
With reference to which It 10
1t could also prescribe by
whom such minerals could be mined
md the compensation to he paid to the
state therefor. The proceeds Of the
sale of any such minerals would con-
stftnte a fund to he loaned and invest
the same IA h permanent school
and university funds, the Income Of
such fund to he used in the cOnstruc.
lion. improvement and maintenance Of
public roads.
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19
Addressed TO
|u|iuS A. SChmah|
Secretary of State

oFFyt E OF ATTORNEY GEN.
ERAL, ST. PAUL.
April I, 1915.
honorable Julius A.. Schmahl,
Secretary of State,
Capitol.
DEAR SIR: Pursuant to your ~.
quest and in accordance with the pro.
visions of Section 46, Statutes 1919. /
herewith hand you statement Of the
purposes and effect Of all amendments
to the Constitution proposed by the
leSislature-of 1915 and to be submit.
ted to tho electors at the x general
election; such statement also shows the
reading Of the existing sections and
the way the same will read II the
amendments are adopted.
Yours truly,
LYNDON A. SMITH,
Attorney General.
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19
PROPOSED AMENDMENT NO. Q,

PROPOSED AMENDMENT NO.
BY Chapter 3s4. Laws 1915, the legis-
lature proposed an amendment of Sec
ton Thirteen (13) Of Article One ~
of the Constitution.
The section ~ 1t now stands reads
- followss
Section 10. PRIVATE PROPERTY
FOR PUBLIC USE - Private property
shall not be taken. destroyed or dam
aged for public use, without just COM
%pensation therefor first paid Or Sc
cured"
If the amendment II adopted the sec.
zion will read as follows:
section 10. Private property
shall not be taken. destroyed or
damaged for public use. without
Just compensation therefor frat
paid or secured. and SUCH private
property may be taken. destroyed
or damaged for the purpose Of pri-
vate as well as public drainage
upon just compensation therefor
being first paid or secured"
THE PURPOSE Of the proposed
amendment IN to permit the taking Of
private lands for the purpose of drain
& purposes where the drain or ditch
will be of NO public benefit, but ON the
contrary will only benent the land or
lands of the person or persons ION
structinE the drainage ditch.
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19

by N1ldpLoi Oo6s La =" xO1J, Tie 4S619e
lature proposed an amendment to Sec
ton Two CO. Of Article H. Of the Con-
Said Section 2 now reads 40 follows
"section 2. SUPREME COUR t.
Tho cS sTHrf fns;,ce court snd t shall a,s eonsist ,u Of
tices may DO Increased to a number
pot exceeding four, BY the leglslature.
deemed necessary. It shall have orig
lnal jurisdiction In such remedial cases
as may be prescribed by law and APP
law and equity. but there shall be no
trial by jury In raid court. 1t shall
hold one or more terms in each year..
:eat te of x ReS,sia1nse % anS t d!se iaF;ts St ahs
tthat one term in each year shall bs
shs1l b Be 'a eSe or Sat snS Sf 's sash eo Sistr to apt II
shall be chosen. by the qualified cleo
p t2ss Of c taa .te wso 0 sSal f'f haia Of hi the oa see
Tor the term of four years. and until
his successor is duly ELECTED and quail
the power to- fill any vacancy in the
office of clerk Of the supreme court
until III election can be regularly had"
II he proposed amendment Is adopt
ed the section will then read ~ fol.
lONss
section :. Tho supreme court 5
shall consist Of one chief justice =
and six associate Justices. Five
shall constitute q quorum, and the
concurrence of at least four shall (
. be necessary to a decision. It
shall have original jurisdiction in
such remedial cases as may be pre-
ecribed by law, and appellate juris-
diction In all cases. both in law and
equity. but there shall be no trial
by jury in said court. 1t shall hold
or more terms in each year..
as the legislature MAJ direct, at
the seat Of government, and the
legislature may provide. by q two
thirds vote, that one term in each
year shall be held in each or any
judicial district. It shall be the
porter Of its decisions and a clerk
OF the supreme court"
PURPOSE AND EFFECT. The SUI
preme Court as now constituted con-
sistS Of q chief Justice and four ASSOC
ciate justices. The clerk OF said court
II o elected. II the amendment II
adopted. two associate Justices will be
added to the court and the clerk will
be appointed by the court Instead Of
being elected by the voters.
Wiarus. (Winona, Minn.) 1895-1919, 1916-10-19
PROPOSED AMENDMENT NO. z.

Ey Chapter $50. Laws 1915. the legis-
electors, an amend ment Of Section Six
90, Of Article Eight (S) Of the Con-
stitution.
Section Six a. it now stands reads
~ follows.
sc fMfe5'9n u FUNDS ii = T : N p n ont
school and university fund Of this state
may be invested in the bonds Of any
village Of this state. but no such in.
vestment shall be made until approved
by the board Of commissioners desig'
mated BY law to regulate the invest.
nent OF the permanent school fun and
the permanent university fund Of this
state; nor shall! such loan or invest
ment be made when the bonds to be
entire bonded Indebtedness exceed Ar
teen per cent Of the assessed valuation
e OF the taxa61e real property of th as
loans or Indebtedness be made at
a lower rate Of interest than three pei
cent per annum, MOI for a shorter PEI
period than twenty years. and no
change of the town. school district
city, village or of county lines shall
relieve the real property IN such town.
school district. county. village or city
OF such bonds from any liability fol
taxation to pay such bonds"
II the proposed amendment Is adopt
ed 1t will hen read as follows:
"The permanent school and uni
yersity fund Of this state nay be
ty, school district, city, town or
village Of this state: and in first
mortgage loans cur upon i'm
Of this state. But no such invest:
ment or loan shall be made until
approved by the board Of commits
sioners designated By law to regu-
nent school fund and the perma-
nent university fund of this state:
nor shall such loan or Investment
be made = when the bonds to be Is.
entire bonded indebtedness exceed
Is per. cent Of the assessed valua-
ton Of the taxable property Of the
e ep Hiiysg seh issutn a5st sue6 Solids Stsyi tG no9
shall any farm loan, or investment
be made when such investment or
LIAM wou1d exseed 80 Per cent Of
land mortgage to secure said in
vestment: nor shall such invest
ments or loans be made at a low
per annum. nor for a shorter period
period than thirty years. n no
change OF the town. school dis
trict. city. village or of county
lines snail relieve the real prop
erty in such town, school district,
county. village or city In this state
at the time of issuing Of such
bonds from any liability for AKA
ton to pay such bonds"
THE PURPOSE of the amendment IS
to authorize the investment of the per-
manent school mud university funds In
sdrst mortgage loans secured upon linz
and cultivated farm lands
where h amount Of the loans 80 Sc
cured does not exceed 80 per cent OF
the value of the land mortgaged:>
THE EFFECT Of the adoption OF the
proposed amendment will be to permit
the legislature to authorize the in
vestment Of the permanent school and
funds In farm mortgages a.
above stated, a. we'll ~ In the bonds
any county. school district, city.
town Oh village Of this state. Under
Section Six MS 1t now reads bonds can-
not be purchased unless they meturs
at least I'VE n not more than twenty
years after purchase. II the amend
mem 10 adopted, bonds and mortgages
be purchased IL they mature not
than I've nor more than thirty
years after purchase.