The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-03-06
FINANCE BUSINESS
IN STATE IS TO Be
STUDIED FOR LAWS
Body Of Five investigators With
$4,000 to Seek for Guar.
anty Substitute
SCHOOL BUILDINGS VOTED
0leomargarine Tax and Cass
County judicial District
Measures Defeated

sion to study and recommend changes
In North Dakota banking and build
ing and loan association laws within
the next two years received final
sanction from the state legislature
Tuesday. The lower house passed the
bill by a vote OF 61-5l.
Since such q commission was sug-
gcsted by Governor George F. Shafer
In his inaugural. he is expected with
out question TO sign the bill. Despite
the fact that the bill narrowly avertcd
defeat Monday and debate was ex-
pccted Tuesday. there was little dis
cusSion.
The bill provides for appointment
by the governor Of a commission OF
five and appropriatcs $4,000 for SAL
aries and expenses Of the members.
It requires that the commission IN
cludc among It's recommendations.
which must be made To the governor
by November, 1880. suggestions to take
the place Of the guaranty fund law.
Olco Bin Tabled
The house also tabled bill to place
q tax on o1eomargarinc. The bill was
returned from the senate for the
house to consider amendments. Fol-
lowing an attack on the measure by
E. p. Bishop. Stark county. declaring
It unfair. discrimination against the
small merchant and designed to help
chain stores, a motion to table 1t car
ried. 68-43.
Committee reports favoring pass
age OF the general budget bills OF the
state university and agricultural col
leee were accepted. The house also
accented favorable reports on $751;
600 appropriation to complete the
university liberal arts building and a
$4,000 appropriation for an audi
torium and physical education build
ing ct the agricultural college with
only 4l25.000 to be used during the
present biennium.
Twichell Leads Fight For Bill
L. L. Twichcll. Cass county. urged
passage Of the bill to create a bank
inr code commission. He declared
that tho repeal Of the guaranty fund
law did not settle the bank problem.
that an investigation OF banking con-
ditions was necessary to meet changes
which have come about In the bank
ing situation In recent years. The
legislature cannot draw laws to gov
crn such conditions on short notice
and should have q study made and
recommendation brought back. he
said.
r. Z. Swendseid. Mountrail county,
contended that the banking code
commission could bring no relief that
had not already been attempted. He
held that passage Of the bill would be
appropriating money to investigate
private institutions and not public in
stitutions and that the purpose of the
banks would be to suggest laws that
would keep them from taxation.
This measure was recommended
BY Governor Shafer In his inaugural
message and It comes with poor grace
for the gentlemen to impugn the gov
ernor. for suggesting It," Twichell re-
piled.
Albert Van Barkon. Burke county
demanded to know where the COM
mission would get its information for
further suggestions about guaranty
fund law. Other states have had nc
better luck with such laws than North
Dakota, he said.
J. H. Burkhart. Ward county, as.
serted that the legislature was estab.
fishing too many commissions this
session and that no good could come
out Of this commission.
Cas- judicial BAN Loses ON Error
The house killed bill to create
Cass county as seventh judicial dis
trict In the state. The bill was earlier
passed on the belief that it requires
only = majority vote. It was recalled
from the senate because q two-third
majority vote was necessary and OF
reconsideration failed to get two
thirds vote.
Attempt to reconsider bill for Al
appropriation for the state horticul
tural society failed.
The house passed only five bills.