The Tomahawk., 1921-03-31
TWO SYSTEMS FAVORED
Bank Deposit Guaranty Bills Get Sen
ate's Approva!-occupationai Tax
Awaits Hearing. -..

st. Paul-TwO bills providing for
guaranty of deposits received favor
able action in the Senate.
BY vote of sc to "a it passed a
bill for voluntary system for the
guaranty of bank deposits, after hav-
ing first killed the same bill. -
+ BY vote Of 6S to 55 it passed a bill
providing for compulsory system for
|. the guaranty of bank deposits. 49,
BY vote of 50 to H. i killed. one
voluntary bill. T.
: 1t postponed indefinitely still another
voluntary bill. -
1t returned to it's author one compul-
sorry bill. &r>es- &c.," =
Two Bills for Senate. -
AS matters now stand, two bills will
go to the Senate from the House, one
of them establishing system where
by banks have the option of participant
ing, and the other of establishing a
system whereby banks will be forced
to participate in guaranty fund.
:. The first bill passed had been killed
receiving only IS votes, lacking the one
vote necessary to insure passage. After
a recess, and after remarkable chang.
ing of votes, the bill turned up with
the required votes.
This measure was the one recon.
mended by the committee on banking
and it had>the approval of the bank
ers of the state because it provided
4 for the optional system. Under it's
terms, it was left to the banks them
selves to, determine whether or not
they wanted to participate. 1t was ar
gued that the advertising participate
ing banks received would make all
banks enter the system. s.
occupationai Tax Held Back. .:~
Before it takes action on the bill to
impose an occupational tax on mining,
members of the Senate committee on
taxes will. find out, from members OF
the State Tax commission just how ef-
fective the present ad valorem system
is in reaching iron ore property. a. :
= This was determined at a hearing.
Senator. Gjerset, chairman, announced
that at the next meeting he would have
the commissioners present to submit
data on the effectiveness of the pres
ent system of taxation. ~ = ,.-.s. ,- ~ . =,
Bond Bill Goes Thru House, -
Issuance of $1,OO0,OOO in bonds for
additions to the Glen Lake sanatorium
was assured, when the, House of Rep.
resentatives passed the bill, giving the
commissioners of Henhepin. county the
necessary authority. The Senate has
passed the bill earlier and it now goes
to the governor for his signature.
: The original request was for au-
thority to issue $1,5OO,oOO in bonds,
but the amount was cut~.5dOwn, to
: 81 600, 900 because Of financial con-
ditions. - -, -. -, "
Elections Bill Favored. - a.. :. =: =.
E The committee on elections gave the
Senate elections bill legalizing party
conventions for the, purpose Of adopt,
ing platforms and indorsing candidates
for state Offices clean bill of health,
and not only recommended that it pass,
but that the bill be printed that the
members may study it. @~.~
House Approves Motor Tax. -....
The House passed the motor tax bill
as submitted by the highways commit
tee, voting 40 to 0. Following the
passage of this the Child bill was tax.
en- up for consideration. The bill pro-
vides for limiting the wheelage tax
that may be levied on motor vehicles
by any city or village to half the tax
levied by the state. -
The motor tax bill as passed, pro-
vides tax of 1.S per cent on the value
of passenger cars, F. o. B. factory, and
2 per cent on the value of trucks. The
minimum tax on passenger cars under
1000 pounds weight is $12; over 1000
pounds. SIS. The minimum on trucks
is SIS. An: effort to reduce the mini
mum tax on light cars to So was de.
feated this morning. VI Sss:- 5s:s.[ -. +.
The House rejected by vive voce
| vote the Keller amendment to the
/ Child bill limiting wheelage tax to hall
the state motor tax and then unant
mously passed the Child bill. =
The House also passed the Dilley.
sweitzer bill permitting the st. Paul
council to refund excess wheelage
taxes collected under the city ordt
nance which will be made invalid by
the passage of the Child bill.
Ask Uniformity in Grading Laws.
Under suspension Of the rules, a -bill
already passed by the senate, was put
through the house, providing for three
representatives and two senators to &c
to Washington, after the session i
over, and petition the secretary OF ag
riculture to change the federal grain
grades, so they will more nearly Con
form to the old Minnesota state grades
Non.party Opens FIGHT. -s5=,T
No sooner had the bill passed by just
the necessary votes than the Farmer
Labor contingent began an offensive t.
nut over the WEIGH bill Represents
tive WEIGH, Nonpartisan league fiool
leader, led the fight for his bill, which
establishes system whereby all banks
must come into the fund.
The House, by vote OF IS to So
followed the lead Of Mr.. WEIGH and put
it's official "Okeh'' on the bill.
"a. oAs kaA =