The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1923-01-17
PAGE THREE

dHU NV AlOIE LIdA OuC A0iAlNA
dollars ($100), or by Imprisonment of
not less than ten (10l days and not
more than sixty (60) days, or both
fine and Imprisonment"
Representative Stephen J. Cowley,
of Cascade county, is the champion
bill maker in the lower body. Dur
the first two weeks of the session
he has sent ten bills into the legis-
lative mill Rogers, of Beaverhead,
has almost that many fntroductions TO
his credit, and Goodman, of Broad
water, and Andrus, Of Custer, are fol-
lowing close behind the Beaverhead
lawmaker.
A special committee Of seven mem
bers Of the House of Representatives,
empowered to make full investigation
into all the phases of the production
aid distribution OF coal within the
state, which might influence the price
of coal to the consumer, was called
for in a resolution introduced by
Representative John j. Saplis, of Sill
yer Pow county. The resolution WAS
signed by u members, representing
DCb4A N40Cc VI tnC nOu6C.
The measure was read two times,
and in view of the fact that it would
require the expenditure Of money to
carry it into effect, it was referred
TO the committee on development and
publicity for it's consideration and re-
port.
The resolution follows in full:
fNkyL-nA-z ~ - -.
a~voidable expense of purchasing coal
consumes a considerable portion Of
the earnings of every family in the
state; and.
Whereas, there is a statewide COM
plant on the part Of the greater por-
ton of the of coal Of this
ktate and a desire that all facts relat-
ing to the cost of mining of such
coal mined in the state of Montana or
shipped into this stare ror sale to the
public, or for consumption Industrial
~, together with the margin Of prof
its enjoyed by operators and retailers,
and the %fluctuation of such profits be
ascertained,
l "Now, therefore, we the movers Of
: this resolution do hereby ask for the
, selection from the floor of the House
2 of Representatives of the Eighteenth
{ Assembly Of the State Of Montana
a committee of eve members, four
Republicans and three Democrats, TO
2 make a thorough investigation of the
: business of mining, transporting and
= selling Of coal to all purchasers there
of; inquiring into all costs thereof,
b and all profits enjoyed; with the in
< tention Of presenting to the House
the facts of such investigation, to-
gether with such recommendations as
may be discovered necessary. Such
d committee to have power to command
c attendance of witnesses, together with
all books and records asked for and
II to take testimony under oath, and to
report its findings back to the House,
d February 10, 1928"
Four measures have been intro
duced in the lower house by Repre-
sentative Rodgers, of Beaverhead
county, which provide for the retire
ment Of bonds of counties, cities and
# towns and school districts through the
y compulsory creation and maintenance
l. Of bond sinking funds. In these bills
Or measures are provided whereby the
taxpayers may be saved the differ
& ence which now exists between the
: interest charges on the bonds, usually
4 from 4h to z per cent interest, which
ID the existing sinking funds draw a:
interest upon bank deposits
ri Provision is made that the bondes
Indebtedness Of any county, city, towI
sr or school district shall be not NOR,
~ than S per cent of the classification
value of the property within such sub
DC division. No bonds shall be issued
rs negotiated or sold for any purpos'
whatsoever, or exchanged for any
outstanding warrants, orders " bonds
except for the purpose OF enabling tn
)r funding of outstanding warrants
y, without the approval of q majorit!
Of the electors, according to sshsSS nan
u, Ssusge Of the measures Provisio,
c. ia sko made that such bonds shall no
in be exchanged or sold as a price les
n than their par value.
"A clause also provides that lnteres
upon bonds shall not exceed 6 pc
a. cent. One of the most importan
features of the measures is that whici
provides that bonds SHAH be paid anS
redeemed in equal annual install
N ments, the amount thereof in eac.
c year 70 be determined by dividing tn.
m total amount Of the ponds to be is
sued by the total number of years
throughout which installments shall
Do be paid" The period of bond issue,
Is also limited TO 20 years.
In order that funds may be provide
for the redemption of the issue, il. il
made mandatory for the county com
:. missioners TO levy a sufficient amoun'
of money 10 pay the interest becom
! ing due and such portion Of the prin