The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-03-05
BILL FOR REVISION
OF BANKING LAWS
/ NEARLY KILLED TOO
After Defeating Shafer Pro.
posal House Leaves Loop.
hole by Bare Vote
DUNN GAINS ITS BRIDGE
One Man Fish and Game Conn.,
!. mission Is Enacted by a
Straight Party Lineup

Oh dj&UI dIIy GuI0uP
Subject only to the approval OF
Governor George F. Shafer. North
Dakota has repealed its bank guar
yanty fund law. The lower house Of
the state legislature Monday passed
. bill for its repeal by a vote of 81
to 80. The measure was earlier en-
dorsed by the senate.
The house reiterated its stand Of
saturday against substitute for the
Hguaranty fund law by refusing to re-
consider q bill to require banks to
deposit amounts with the state treas
urer equal to their capital stock.
Death of an administration meas
1alse was narrowly averted. BY vote
7of $3.50 the bill to provide for a COM
i; mission to revise laws regarding
banking and building and loan asso-
Citations failed to pass. Attempt to
.Sprevent reconsideration of the vote,
Sssavc by two-thirds majority. failed
Esto carry by one vote and the bill was
nm position for reconsideration today.
II BY straight party vote. the bill
ito create q one-man game and fish
4cgmmission passed the house. The
Enclosure had the support of the Inde-
Apendent majority and passed 63-46.
ex-governor Shafer Is expected to sign
Etlfe bill.
81 "a bill to appropriate $4,000 for
reconstruction Of bridge across the
Little Missouri in Dunn county also
was passed.
III Crow Bounty Defeated
n The house killed two bills, one to
Hplace bounty on crows and the
other to regulate delivery and ex-
change of bakery products by dealers.
Despite the general interest GEN.
tered in the bank measures and the
bin for creation Of a one-man game
and fish commission, none of them
caused discussion. Following third
reading, they went Immediately to
vote.
win Try 10 Save Shafer Bill
The near killing of the bill to pro-
vide for commission to study bank
ing laws and report recommendation
to the next session Of the legislature
came as Z complete surprise. The
bill met no difficulty In the commit
tee Of the whole and came out OF the
committee on banks and banking
recommended for passage with
amendments. An administration
measure. It met the virtually solid
opposition Of the Nonpartisans, and
eight or more Independents voted
against 1t.
Immediately upon its defeat, j. H.
McCay. Sioux county. made q motion
to table further consideration of the
measure. L. L. Twichell, Indepen-
dent leader, urged that the motion
be defeated. Albert Van Berkom,
Burke county, defended the motion,
declaring that the bill has no busi-
ness In the house" and that 1T can't
stand on its own feet" McCay's mo-
tton failed to carry by vote Of 5O-51.
Reconsideration Is Beaten by Tie
In the attempt to reconsider the
bill to require banks to deposit
amounts with the state treasurer
equal to their capital stock, c. Vernon
Freeman, Grand Forks county, de-
c]ared that the action of the house
In killing the measure was unfair.
Il since the senate had passed it as
companion measure for the guaranty
fund law repeal bill. Mrs. Minnie D.
Craig. Benson county. responded that
the bill was mot worth the paper 1t
1. was written on"
II Roll call vote on the motion OF Carl
=. johnson, Trail county. to recon-
Il slider the bill stood SIS for and SIS
against. The measure was declared
(. lost since two-thirds vote was re-
quired for reconsideration.
The only comment on the guaranty
fund law repeal bill came in the re-
III marks Of four representatives In ex-
II planning their votes. Mrs. Craig said
that she voted no because obligations
Of the banks could not be met and
that no provision had otherwise been
III made to meet them. @. E. Erickson,
III Kidder county. placed his negative
III vote as q protest. he said, because
II under the supposed protection offered
by the guaranty fund law many per-
sons had lost their ALL" r. E. Swend.
III seid, Mountrail county. voted against
" the bill, he explained, because it per-
Mitted the banks to get out OF a SIS
i 100000 obligation to depositors. w.
i A. Thatcher. Bottineau county, voted
Ii no. declaring that some means Of
III meeting the debt to depositors should
III b devised before the present law Is
II repealed.
l'i An attempt to reconsider the bill
-.