The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-01-09
INTEREST RATES
TO Be AN ISSUE
Continued from Page One.

s per cent; still another would make
it a misdemeanor punishable by
$500 fine to accept more than the con-
tract rate of interest, while still 9TH
er interest measures are aimed at the
rates during the period Of redemption.
The Nonpartisan league has been
advocating reduced interest rates, and
the flood Of proposed legislation grows
out of that fact.
Change Motor Registration.
Representative Guam yesterday in
troduced a bill changing the registra-
ton of automobiles. He would charge
Sc for a tag, good for three years; he
would provide that the number be
displayed both at the front and the
rear of an automobile, and he would
provide for the apportionment OF the
money among the townships accord
ing to size, without respect to the
question Of levy. The present law pro-
vides that no township that doesn't
make a six per cent road levy can
share in the distribution of the road
fund.
Open Bridge Construction.
Senator Walter Wexford of Pembina
county has introduced a bill amend
ing the law with respect to the con-
struction of bridges across navigable
streams. Under the present law,
county cannot construct more than
one bridge across navigapie stream,
and the limit Of expenditures Tor thaI
bridge is 100000.
Now Senator Wexford would remove
the restriction with respect to the
number of bridges that may be erect
ed, though he does not remove any OF
the other restrictions.
This measure would open the way
to the construction of another brldge
across the Red river by Pemoina
county. At the present time, the coun-
ty has bridge across the Ked at
Drayton and Pembina city folks are
interested in the construction OF
bridge at that place.
Talks Elevator Plans.
J. G, Critics Of st. Paul, represent
/ ing the Equity Cooperative exchange,
was before the state affairs commit
tee of the senate yesterday, advocat-
ing the construction of the proposed
state-owned terminal elevator in st.
Paul
Mr.. Critics went at length into the
question of sites, and said the city
would be willing to grant concessions
to North Dakota.
Mr.. Critics pointed out that a state
owned terminal in St. Paul would
open the way to closer cooperation
between the Equity Cooperative ex-
change and the farmers Of the state.
AS yet, no bill covering the question
has been introduced.
Bank Stock Capital.
Under the measure introduced by
Senator Englund, known as s. b. No.
g, a radical change in the require
ments with respect to the capitaliza-
ton of banks, is proposed.
The bill would provide that no bank
could be organized with a capital less
than $4,000; in towns from 1000 to
5000 the minimum capital would be
s25. 900: in towns from 5000 to 1000,
the minimum would be $4,000; in
cities of from 1000 to 5000 the mini
mum would be $4,000, and in cities
over 5000, the minimum would be
$4,000.
Compensation for imprisonment.
Senator EIlingson proposes compen-
sation for persons wrongfully impris-
oned by s. B. No. 6.
It is aimed to give aid to those who
may serve terms in the state prison
in Bismarck, or the state reformatory
in Mandan, for crimes of which they
are innocent. A board made up of the
governor and the melIbers of the
board of control would be establish
ed. the same to be known as the board
for relief.
Any person who may have served a
term for crime of which he is inno-
cent, would be empowered to file a
claim, while persons parGoned by the