The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1929-03-29

have been illegally introduced within
the last few days, and something will
have to be done about it.
Under rules of the house no bill can
be introduced after the sixtieth legis-
lative day without suspending the
rules. The sixtieth day was Wednes-
day the goth, and 80 bills have been
introduced since that day without sus-
pending the rules.
Steps will be taken later to
clear the record, to make the action
legal and proper. The procedure prob
ably will be to adopt motion in which
the permanent journal of the house
will show that the rules were suspend
ed when the bills were introduced. 1t
will be a sort of curative act, of which
the legislature has many.
Establishment OF a powerful "cen-
trail state bank" which all state banks
would be required to join and which
would exercise close supervision of all
banks as we'll as serving as a clearing
house, is proposed in bill which will
be introduced in the house of repre-
sentatives.
The central bank would not do a
general banking business, but would
be the investment house for all mem
Der banks, the source of funds of mem
Der banks when necessary, and the SUI
pervisor of banks affairs in times of
trouble.
Every state bank wuold be re-
quired to become member of the GEN.
trail bank, paying in 5 per cent of its
capital stock to provide capital for the
central institution. A board of direc-
tors elected by member banks in each
congressional district would have
charge, naming a manager as the ac-
tive head.
Every state bank would be required
TO deposit its legal reserve and other
available funds with the central bank
which would invest them in good
substantial securities" earning not less
than per cent interest The central
bank would be empowered to pur-
chase farm mortgages from member
banks.
A surplus of $1O,OOO,OOO would be
built up by the, central bank before
dividends would be paid, and then not
more than II per cent a year, after a
surplus fund had been set up.
Not the least of the powers of the
central bank would be it's veto power
over creation of banks. No new state
bank could be granted a charter, the
bill provides, without consent of direc-
tors of the central bank, who would
have power to make whatever investi-
CATION of applicants they should de.
sire.
National banks would be permitted
TO become members of the state bank
under the same conditions.
The central bank also would have
to approve a bank consolidation be-
fore it became effective.
Abandoning efforts to pass the batch
of prohibition bills drafted by prohi-
bition and state officials, dry leaders
of the house substituted new program
OF two bills to be introduced in the
house.
One Of the measures sets up new
and more drastic provisions for trans
portation of liquor in vehicles, sets up
a heavier offense for maintaining a nui-
sance and prohibits suspension of SEN
tence for second offenders.
The second bill, a new proposal in
dry law enforcement, attempts to deal
with the schoolboy problem of drink
ing by putting the possession of liquor
by minor or school student in a dis
tinct category.
The school boy" bill takes a new
slant in prohibition laws. 1t prohibits
any minor, or student in any public
school, college of university, from hav-
ing liquor in any quantity in his pos
session. Existing laws regulating
seizure of liquor found would be ap-
piled, and the school boy or other
minor would be charged with a mis-
demeanor, which carries a penalty of
a Jail term up to 80 days and fine of
500.
The bill which would give the rail-
road and warehouse commission power
to compel all railroads IN Minneapolis
to use the present Great Northern sta
ton as union station was introduced
in the state senate by members of the
senate.
Action will be taken at a meeting of
the house general legislation commit
tee on the proposed repeal of the state
newspaper suppression law passed in
1925.
The other bill in the program recog-
nizes difference between the trans
portation of liquor which has to do
with bootlegging, and the hippocket
flask variety of transportation. 1t pro-
vides that transportation of liquor In
any Notwithstanding all varieties
from the horse and wagon to the air
plane-shall be punished by COM
bination Jail term and fine For a
first offense the penalty would be 80
days to years Imprisonment, and
fine of 5000 to $1,000 A second often.
der would get six months to two years
and a fine of $4OO to $4,000.
Otto w. Kolshorn, Carl NJ. Iverson
and w. 1. Norton were named to
represent the house on the conference
committee, which will try to bring the
two houses together on the plan for
election OF the regents of the Uni
versity of Minnesota.
The move to put heavier penalties
on the person who sells poison liquor
made progress, the senate passing the
bill with the provision that the seller
who knowingly" sells poison liquor
would be guilty of gross misdemean-
L.