The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-01-21
What to Do With State Guar.
anty Fund Remains a Moot
Question With Legislators
BUDGET BOARD BILLS OKAY
Shafer Leans Away From Bon
zsr Highway Bill; Gas Tax
Increase Is Probable

going into the third week OF its 60-day
session. 1t was possible today to form
some estimate Of what the session will
produce In the way Of new laws.
An act to permit farmers to store
grain on their farms and to borrow
money on 1t In the same manner that
money Is borrowed on elevator storage
tickets Is assured II members Of the
legislature and the governor can
frame . measure to obtain the ends
sought.
Three bills have been offered to OBJ
tain this end but It Is unlikely that
any Of them win be passed as written.
It Is considered more likely that the
final measure will contain some Of the
features Of two or more proposals.
One Of the sticking points has been
the question Of administering the
proposed law. Some Nonpartisans
want It administered by the state rail-
road board while Governor George r.
Shafer Is said to favor administration
by the state department Of agricul-
culture. The latter suggestion is
somewhat in the nature Of q COM
promise and appears likely to be
adopted.
Where to Get Loan?
Nothing has been said Of where the
farmers will borrow the money on
their grain but 1t Is the general pre-
sumption that they will be able to do
this at almost any bank with money
to loan. A proposal to require the
Bank Of North Dakota to loan money
on this security was short lived and
no bill with such q provision will be-
come law. II 1t got past the legisla-
ture 1t would meet with executive dis
favor. the knowing ones say. The
Bank Of North Dakota. under existing
law, can invest In this grain security
L It so desires without further author
ization.
Banking legislation will apparently
be small. Passage Of the administra-
ton bill to appoint . commission TO
investigate the banking laws and
saaGOoot re~tsious appears certain and
the tendency Is to discourage any
further banking legislation until this
commission reports. What, IL any
thing, will be done with the state
guaranty fund. which was intended to
act as an insurance fund for depos-
itors In state banks, remains uncer-
tain.
A movement is being considered to
repeal the guaranty fund law but 1t
Is something Of problem to devise
. measure which will stand . good
chance Of passing the legislature.
All Of the administration bills will
be In the hands OF the legislature this
week and the number Is expected to
reach q score or more. Governor
6hafer has been giving close attention
to these measures but has been some-
what handicapped by the condition Of
his health.
Shafer Feels Better
He left his bed only few days be-
fore his inaugural and was somewhat
slow in regaining his full vigor. He
has been. feeling better recently,
however, and said today that he now
Is almost completely recovered. He
hasn't been holding any conferences
after dinner in the evenings but 1t Is
probable that his working day win be
materially heightened from now un-
til the end Of the session.
What turn the biennial battle for
money viii take at this session has
not been fully determined. Most Of
the state institutions which really
need new buildings have been pro-
vided for in the budget. members Of
the hssfeAk hoopA cay oe%6 av1Sy ls%akf.
tuition which can obtain legislative
support without the budget boards
has its work cut out for 1t.
There Is no indication that any win
try.
Governor shafer's proposal to give
state aid to the Bad Lands national
park project doubtless will take some
money II 1t goes through and the pro-
posal to create . capital building fund
will take some uore-if 1t goes
through. Then there may be pro-
posal to levy . tax to help out the
guaranty fund @ 6 to make It pos
sible to close up that business.
The appropriations recommended
by the budget board have been incor-
porated In bills presented in the two
branches by the approprda-
tions committees. They are expected
to 60 through substa antially O. recon-
mended. The legislature, may revise
. little here and there but the alter
ations appear to be in danger.
Bonxer BAH Important
3 The only highway legislation Of Inn
portance which has bean offered to
date Is the Bonser bill to reorganise
the state highway commission and
provide one-man control, such as Is
the case Ia Minnesota and some other
states.
That this measure win have the
support Of the administration ap-
pears unlikely. Governor ehafer =
known to Be deeply interested
In highway Development but
hs feels that Il y not Z subject to b
dealt with n = hasty manner. Be-
fore he supports any new highway
laWs. he h known 70 have indicated
to his friends. b. wants . b. saire
that they win promote the eSliciency
of the highway department and he Z
roal forward step toward tho solution
c1 the states road building pgU6lenns.
The administration may haye : pro-
poeal 10 incgease tho gasoline tax. The
question thero Is how grent n ln-
t0onttnusd o. ~ nines