Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1920-10-27

1
located. II the superintendent of
banking shall not be satisfied with
the result of said examination or
| said Investigation, he shall inform
the applicants within sixty (60) days
after the certified articles of incor-
poration and application have been
presented to him. The expenses in
making said examination or inVesti-
cation by the superintendent Of
banking, or his department, shall he
paid by the proposed bank or trust
company, and payment shall be made
in advance if required by the super
intendent of banking IA the event
the application for a certificate OF
authority shall have been rejected by
the superintendent of banking, the
applicants may, If they desire, ap-
peal to the committee on retrench-
ment and reform within thirty 500
days after service of notice of re-
lection of application for said certi-
foate of authority and the applicants
SO appealing shall file notice in
writing with the superintendent of
banking that they appeal from his
decision made on said application to
the committee on retrenchment and
Il iOlOt OpOh VI Suth HObiSt
the superintendent OF banking shall
Law all the facts in writing, together
with his written decision thereon,
and the notice of appeal, before the
chairman of the committee on re-
ltrenchment and reform. The chair
man of tho committee on retrench-
ment and reform shall fix a time and
place within ten (10) days after re-
| sxyf, -. L, -
superintendent, when and where the
committee on retrenchment and re-
form shall hear the appeal, and shall
notify the applicants and the superin-
tendent of banking thereof, that they
may be present. The proceedings
shall be reviewed by the committee
on retrenchment and reform, which
committee on retrenchment and re-
form shall also hear other or addit-
ioral evidence and the committee on
retrenchment and reform shall. with
in three (3) days subsequent to said
meeting, issue IAN order, either AT
firming or reversing the order of the
superintendent of banking. and shall
immediately thereafter return to the
superintendent of banking all of the
records and proceedings pertaining
to such case, together with a state
ment of its decision, and the super
intendent of banking shall thereuron
transmit a copy of that decision OF
the committee on retrenchment and
reform relating to said appeal to
| the said incorporators. ANY order re-
vcrsing the decision of the superin-
tendent of banking must have the
majority vote OF said committee on
retrerehment and reform. The said
decision of the said committee on re-
| trenchment and reform shall be
! final and conclusive. and the super
intendent of banking shall be so
| governed in said case. Provided how
over. that none of the provisions Of
this section shall be in force or eff
! feet after Dec. 81, 1920"
| | strenuously opposed this Bill,
and when was urgently solicited 10
| support it because. as the men push
| inc it said, "Pro-Germans are organ
izing to start spite banks in opposit-
ion to banks that made them buy
Liberty bonds" l tod Secretary OF
State Bankers Association this: IF
what YOU say about Pro-Germans
starting spite banks is true, don't
you think that matter will die out
within two years, or by the time the
next Assembly meets in January,
1927" He admitted that probably
that would be true, so said to him:
"Why, then. don't you put provis-
ion in this Bill making 1t expire Dec
ember 81. 1920. just before the next
General Assembly meets, and il law
such as this Is not NECESSARY.
then the next General Assembly can
abolish the whole thing?"
WHAT HAPPENED THEN? The
next few days the Bill appeared and
at the end of Section One thereof
was the ovisO:"PrOvided. how
ever, that none of the provisions OF
this section shall he in force or effect
after December 81. 1920"
And that, fellow-citizens, let's the
cat out of the bag; that explains the
solicitude these "city fellers' nave
for getting some one to represent
the farmers of this county in the
Assembly: that explains why some
banks actively and persistently but
insidiously urged wet and dry as
the issue. and that explains how
Hook misrepresented Winneshiek
County.
Hook admits openly. freely and al
ways that he did MISREPRESENI
the interests that sought TO get
stran gle holt on the people, not only
of Winneshiek County, but OF the
entire State of Iowa by an ingenious
" constructed piece OF legislation
that got as far as it did only when
an overdrawn representation was
made that this law was NECES-
SITY in Iowa to check Pro-German
banks.
| believed then as l believe now
| II was pushed primarily for the pur-
pose of preventing the Farmers, Or
ganizations of Iowa from organizing
and operating Farmers Banks, and
because I was actively opposing II In
1919, the forces that "put It over as
limited by the Provided, however
clause which is above quoted, In,
tended at the Primary Election. ana
intend now to see to 1t that Hook
DOES NOT GO. BACK TO THE