The Bismarck tribune., 1925-02-10
UNIVERSITY
BUDGET BILL
NOW TO HOUSE
Measure Passed by Senate
With Only Minor Appro-
priatiOn Cuts
OTHER SENATE ACTION

Two minor cuts were made today
by the state senate. in the state un-
iversity budget bill and with these
two amendments the bill was passed
practically without opposition.
An item Of $4,000 for Ignite cx-
perimental work was cut out Of the
bill entirely and contingent fund
for salary increases 10 the faculty
was reduced from $4,000 to $500
These are the only changes made
from the amounts recommended by
the state budget board. The bill now
goes to the house where it is likely
to have a stormy passage.
Among the bills introduced were
two companion bills put in by Sena,
tor Bakken. which are understood to
have the approval of number Of
the Nonpartisan League leaders. Sen.
ate Bill PIT requires that all public
funds not only Of the state, but of
counties. cities. school districts. etc.
as we'll shall be deposited in the
Bank Of North Dakota. The indus
trial commission is required to cs-
tablish branch Of the Bank of
North Dakota in any county of the
state on receipt Of petition signed
by so per cent of the voters of said
county. A fund for the payment Of
the depositors in closed banks is to
be created from one-half of one per
cent of the deposits in the Bank of
North Dakota subject to cheek and
one per cent Of other deposits. One
half Of this goes into the present
guaranty fund. and the other half
into a new depositors guaranty fund
of the Bank of North Dakota.
In the companion BILL S. B. 227 AZ
banks are required to pay one per
cent of their average deposits into
the depositors' guaranty fund until
all depositors in closed banks have
been paid.
Debate On Board
After a brief debate the senate
passed the house bill, providing for
board of examiners for abstractors
Senator Benson of Rolette protested
against the passage of this bill 1--WE
have two many boards now" he said
o. = u
the next thing they will want is an
appropriation for it,
II think we ought to give them an
examining board" replied Senator
: Stevens of Ramsey. Everyone else
has a board including the BARRIERS.
If the abstractors can't have one too
they'll be lonely" The bill passed
38 to 8.
A bill appropriating $1,000 to as
sist the North Dakota department of
the G. A. r. was passed by stand
ing vote.
Two bank bills which have been
pending for several days were again
passed over until the next legisla-
tive day as two OF the senator's were
absent.
New Bank Bill
One of these introduced by sena-
tor 1ngerson of Burke county pro-
vides Tor action by the creditors of
any insolvent bank to take charge of
the affairs of said bank in the ca
pacity of receiver working under the
authority Of the supreme court COM
missioner OF closed banks.
Senator Bill Martin of Morton
county introduced bill to cut the
Gordian Knot of the mortgage pro-
blem in North Dakota in true COW
puncher style. His bill simply de-
,clares all crop and chattel mortgages
hereafter executed to be against pub
lie policy and therefore null and
void. Exception is made in the case
of renewal of present mortgages. The
Morton county senator also introduc-
ed a bill to limit tax assessments
against real and personal property.
Senator w. S. Whitman of Grand
Forks made an effort to obtain re-
consideration of the vote by which
Senate Bill 13O was passed last Sat-
urday. This bill makes general con-
tractors responsible for seeing that
workmen of sub-contractors are in
.sured under the Workmens' Compen-
sation Law. His attempt to get the
bill indefinitely postponed was vot-
ed down however