The Challis messenger. (Challis, Idaho) 1912-current, 1925-04-01
DRASTIC BANK
LAW PASSED
CONTINUED from Page One)

THAN ~ DOuh Sudi idny Mhi>h iefs
been shown to be demorallzing to
sound banking and the creator OF
monumental deficits in the guaranty
funds of the few states still having
that system.
II wa pointed out during the ses-
sion, and not disputed that Idaho In
1919 sustained bank failures repres-
enting institutions with deposits Of
s4917 900, of which s365,OOO had beer
paid. leaving a balance of over $4.-
$4,000
The entire capital stock and surplus
of the remaining banks is s4,150,000.
A. bank guaranty law in Idaho that
would have paid depositors of failed
banks in 1919 would have wiped out
the entire state banking system OF
Idaho.
Some Matters not Touched
There was some talk during the
session of adding a section requiring
bankers to demand some compensa
ton for serving small accounts most
of which are cared for at a distinct
loss to the banks.
The legislature realized that new
as we'll as old legislation state, and
national, had operated to curtail
bank earnings. and its desire to stab.
ilize and strengthen the state bank
ing system. as well as to afford am
pie protection to the public, moved 1t
to consider some solutions Of the pro-
blems that are creating banking los
ses.
1t was felt, however, that the mat
ter of charging for handling small
accounts might better be left to the
bankers, the hope being generally
expressed that some statewide action
might be taken by them that would
be fair the small depositors and at
the same time stop a rather menac-
ing loss to the banks.
OtnSr Legislative ACTIONS
Some of the other legislation Of
the recent session is summarized as
follows:
SANITATION and HEALTH: Grea
houses; preventing employment the
rein If persons afflicted with commu-
nicable diseases.
LIQUOR: A felony to manufacture
or sen when armed; increase in pen
alties for bo0tlergers: NJ ,confsroti7n
Of property where no intent to SELL
felony 20 sell to- minors.
p AGRICULTURE, Fcrr, produce
dealers to pay SIS license; to prevent
unfair competition and discr'minaA
ton in dairy sales; providing dairy
HORTICULTURE: Requiring label
ng of grades.
IRRIGATION: Making valid any
yoided irrigation district levy; provid |
ng survey with other states relative |
o Columbia river basin project.
MINING: Providing a censorship
N promoting literature
POLITICAL: No re-registration
'ach year unless voter moves; local
AK units may borrow on certificates
n anticipation of taxes; election re-
urns to be posted; repeating state
invention delegate expense law.
AUTOS: cent gas tax; reduction
# licenses on sliding as to car age; Il
enatured alcohol can be sold at gar
rs as non-freeze element for radios
'anufacturers weights taken as ba-
is for license cost.
POTRIOTIC: Teaching of flag code
asional anthem and America" in
rhools; Armestice Day legal holt
ay.
CONSERVATION: Protection Pay
tie Lakes as a resort by declaring
water in lake benef1-
al USE
TIMBER; Forestry protection boa
|; Lewiston charter amended to
lake possible great numbering in
lstry there; so cents an acre to be
larged annually for timber not re-
owed within the contract time.
FAIRS: Three or more counties
ay Join on 81 per cent petition.