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Show WOOlDDISTRIEinE . STATE HONEY IN DlfFERENT BANKS Bill Introduced in Senate Also Demands Interest On Funds If a bill Introduced In the aenate by Venator (leorffe J. Kelly of Mden ba-oomae ba-oomae a law, It will ba required of tha atata traaaurer to dapoalt tha public f fundi In approved depoaltorlea. and theee dapoaitfrriaa will ba required to pay Interact quarterly at tha rata of not leaa than t par rent per annum, baaed on the average dally balance for the quarter. quar-ter. The treaeurer muet dapoalt the money In ail ban ha making applloattoa for the funde, ta amount proportioned upon the baale af tha hank a apltal et.Mk The banke muat giva adequate bond for the piot erf ton of tha money, and not mra titan M per rant of tha fate of tha bond may be depoeltad In ana hank. In no oaaa a hail the dapoalt e a. read 7& par rani of th paid up capital of the hank In which th depoett la mada. The money eo dapoalt ad at tall ba euojert to tha de mand or rhe b of the traaaurar. Tha making of a profit directly or Indirectly In-directly by tha etale traaaurer la dertnad aa a felony, puniahabla by Impiiaomnant for not to m aad two year a, or a line of not to aicad or both. The traaa urer la held liable on hla bond for all lliagaJ profi la ha may make. If the t raa.au rar fa I la or neglect a to perform any part of hla duty, tha aame penaltlaa may ba Inflicted. To offer any Inducarnent to the traaaurar to aecura tha depoclttnaT of funda In any bank ta defined de-fined aa a felony, puniahabla la tha aame manner. The otate auditor ta empowered to aell any bondo dapoalt ad by tha bank ai aurety for atata money, upon tha fallura of tha bank to pay any demand made by i the atata traaaurar upon moneyo he may hara on dapoalt. Tha power to Inveet In or dtapoee of atata la nna la not taken by thta meaeure from tha atata board of land eonuntaalonera. Hanator Kelly Introduced a elm liar bill, deeigned to eecure for town, cltlaa and echool diet riot a the aame rare of thair money, and tha aame Intereat t hereon, that ta given to the etate traaaurer for hla funda, In tha preceding meaaura. Both oil la ware referred to the commit taa on banka and banking. rOEMZB -OMBEKi TO ' HAVS rLOOft aUOHTS The pinaoaaj of the ruiee committee of tha aanate to bar from tha privilege of I tha floor all former mem bare of tha legla-la legla-la lure bacauaa of allaaad "parntcioua ao-tlvlty" ao-tlvlty" ae kiboyiaia on tha part of eome former membere, pracfpluted a warm fierht In tha eanate yea tarda y afternoon, and It wae not until conatderable ockey-Ing ockey-Ing waa done thavt tba rule waa atiii-ken from the report of tha oommlttea and the aetvata had a guide for Ita act Ion a. Tha rulea oommlttea recum manded tnat ma pnmegee of tha floor ba ax-tended ax-tended enly to preeent member of the legielaturo. atata ofridala, former goeer-nore goeer-nore and membera of tha preee. Senator Banner X. Smith favored extending the privilege ta the mayor of the city and tha membera of tha otty commission, of-acere of-acere of tha regular army etatloned at Fort LMuglaa. and offlcara of tha nations,! na-tions,! guard of I'tah. When a vote waa called on Senator Hmttb'a amendment, nine aenatora fa. voed and nine voted agelaet It, defeat. Ing tha amandnMHit. Tha eenate divided di-vided la Hie aame way oa the proposal to adopt tha aaw rule, defeating It. After thla waa done aa amendment to the old rulea waa made, which changed "mayor and membera of tha city council" coun-cil" to "mayor and membera of tha otty oommlealon. ' And urueoe thay beoosne ea obnoxtouo that tha eenate votea to exclude them from tha chamber, former membera will ba permitted the pirtvllagree they have enjoyed la other aaaatoaa. bixx to rsoTBcrr SAKXJ INTlXODUCXD Senator W. . Haaeen af Box Klder county haa prepared a eerlea of three banking bllla of Important eoope, which he plana to preeent In tha eenate thla afternoon. Renator Hanaen la chairman of tba committee on banke and banking and each of tha bllla la atrongly recommended recom-mended by tha oommlttea on legislation of the Vtah Bankera aeeoclattoa and tha American Bankera' aaeoclatlon. line of the bllla makea It a mtedemeen. or for any peraon to draw a check on any bank In whclh he haa not eufnolent funda to cover tha check, unleea ha haa made a dannlte arrangement with that bank for an overdraft. Another bill la designed to elm pit fy lolnt c hacking account e in tha evant of the death of either party to tha account, permitting the eurvlvor to continue checking agalnat that account lender tha aalatlnaT Law lha ifuwimt muat eettled with the remainder of tha estate es-tate In the probata court before the account ta releaeed to eheck. - The third measure e assigned for the arotertlon of banka agalnat aiailoloua statementa. It provldee that tha circulation circula-tion of atatementa derogatory to the nnanole! atandlng of an bang shall be defloed aa a roledemeanor. SHOULD ATS 0KPHANS. That tha atata ehould aid tha orphans' homo and day nureery by making an appropriation ap-propriation of lle.eee, ta be paid In two Inetallmenta, waa the contention made by Senator Banner X. Smith yeeterday afternoon, aft-ernoon, whea he Introducad a bill for a law making that appropriation. Hla bill provldee that tha money ba paid In two Inetallmenta of I7S00 each, on June 1. H13. and aa June 1, 1114. The bill waa referred to the oommlttea oa appropriations appropria-tions and alalma. IBSOLUTION TAVORS XNOOatB TAX LAW Tha rati II cation of a propoaed amendment amend-ment to the constitution of the United Btatea. providing for the collection of a federal Inoome tax. waa Introduced In the eenate In the form of a Joint resolution bv Henator Banner X. Smith yesterday afternoon. The reeolutlon wee laid upon tha table f"r one day, and will prohebly coma ut for discussion late thla afternoon. after-noon. It la likely that tha meaeure will be referred to the eenate oommlttea oa atata affaire and federal relatione Thla meaaura la opposed by Oovsmor Spry, who contends that tha revenue from the tarnation of restdente of thle stete should go to the atata and not to the federal government. The proposed amendment to the ronetl. tutlon will become effective If ratified by three-fourtha of tha etatee. It lacae but two atatee now to become effective. Governor Hpry secured the defeat of a similar meaaura In tha legislature two veers ago. |