The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1923-01-03

Legislation Is
| Being Planned
GOVERNOR EXPECTED TO URGE
BANK GUARANTY Law; SENA-
TORS CALLED FOR CAUCUS.
(By Charles B. Cheney in Mime
apolis Journal)
Enactment of q state bank deposit
guaranty law will be recommended in
the biennial message Of Governor j. A.
.. Preus to the legislature, it was re-
ported at the state capitol today. I'm
der this law all state banks able to
qualify for membership would be as
sessed one-eighth Of one per cent on
their total deposits each year to make
up a fund for prompt reimbursement
OF depositors in suspended banks. As
sessments would cease when the re-
serve fund reached / per cent, and
each bank would keep its share of the
fund until called on for payment of
losses.
Friends of the proposed change are
predicting success for it at this ses-
sion, in spite of the opposition of many
influential bankers. The measure has
been advocated by the Nonpartisan
league, but has had a good many sup
porters among less radical men. It
has been an issue before the legisla-
ture for several years. Two years ago
there was a conflict of bills on the
subject, and the house passed three of
them in one day. The senate shelved
them all.
Count on Preus Cooperation.
This year the special advance COM
mittee on farm program, headed by
Representative r. A. Wilkinson Of
Lake Elmo, has approved a bill on the
subject and has had copies printed.
This committee is representative of
the farm bureau wing, and does, not
include members of the Nonpartisan
league. 1t counts on cooperation
from the governor in pushing this bill,
as well as on the rural credits legisla-
tion. The committee is to meet at the
capitol tomorrow to pass finally on the
draft of the two bills.
Governor Preus is preparing his
message and has been working on it
at home, though i'll and unable to be
at his office in the capitol. He will
deliver the message at joint session
of the two houses of the legislature
Wednesday, Immediately after he is
sworn in for his second term.
Nonparty Caucus Monday Night.
1t is expected that the governor will
omit the subject of crime prevention
from his regular message, leaving that
to the recommendations of the Mime
sofa crime commission appointed by
him. Its report probably will be
transmitted to the legislature in a
special message urging action along
the various lines covered by the COM
mission.
Conferences of the radical members
of both houses will begin tomorrow,
and will eliminate in regular Non
partisan league caucus Monday night.
The leaguers threaten fight all along
the line and are trying to form an
alignment in the house with Oscar
Swenson and others who have declared
against Speaker w. /. Nolan. If pos
sible, they expect to agree on speak
ership candidate and poll as large a
vote as possible for him, though they
do not hope to defeat Mr.. Nolan.
Putnam Issues Call to Senators.
Some of the radical leaders are urg-
ing various moves to attack the state
administration. One is to oppose con-
firmation of appointments made by
CT, ha 1.-
The senate has a vote on these ap-
pointments. They include six appoint
ments on the board of regents of the
University of Minnesota, as follows:
Pierce Butler and DR.. Egil Boeckmann,
ST. Paul; Fred B. Snyder and Mrs.
Frank M. Warren, Minneapolis; John
G. Williams, Duluth, and A. D. Will
SON. 1t is not believed the radicals
could muster anything like a majority
of the senate to defeat confirmation.
They may attempt it to get ire
cord" vote.
Senator F. E. Putnam of Blue Earth,
dean of the senate, has issued call
for an organization caucus of senators
Monday night at the Saint Paul hotel.
The call has been sent out to nearly ali
the senators, it was reported, and
states that the caucus has no bearing
on legislation or alignment in the ses-
sion. Few contests are expected inl
the caucus. George w. Peachey of
Owatonna is slated for reelection as
secretary of the senate, and George
H. Spaeth of st. Paul as first assist
ant. There is fight in prospect over
chaplain. Rev. w. j. Harrington of
st. Paul, who was overseas with the
151st Field Artillery, was chaplain two
years go, and is backed by American
Legion men for another term. Rev.
F.. C. Clemans, another former army
chaplain, was indorsed by several
southern Minnesota posts, but is said
to have withdrawn. Rev. Charles Fox
Davis Of Minneapolis is an active can
didate.
''It is to be understood" says the
call issued by Senator Putnam, "that
this conference is called for the sole
purpose of determining the personnel
of the officers and employees of the
senate, and for no other purpose, and
any senator participating in the con-
ference will not bind himself in any
way as to his course of action in re-
ference to any legislation coming be-
fore the senate in the coming session"