| Show i I I I I SENATORIAL CAUCUS fRAMES THE r MEASURE Initiative and Referendum Scheme I i May Go Through gl in Colorado Denver Aug tug 16 The Democratic senatorial caucus which is framing the th legislation for tor the enactment of ot which 1 the seventeenth general assembly was wa 5 convened in extraordinary session s by Governor John F completed I the initiative feature of f the initiative and referendum measure this after afternoon afternoon afternoon noon It provides that 15 pet per pe cent of ot o r the vote cast cust for governor in n the en on entire tire state must sign a petition to initiate Initiate inItIate ate legislation l I in making up this to total toI tal tat 1 i 15 per cent of ot the vote cast by r reach each Individual must be secured s curet 1 in at least tl of ot the to e counties countie 3 of ot the state This provision is for the purpose of ot preventing a county like Denver Den er where 15 16 ii I Iper per cent of ot the entire state tute vote Tott could easily be secured from initiating leg le not desired by the majority of other counties Governor S atroth today sent seat to the senate a reply r ply to a ares resolution adopted last wefa w king the governor govern r to pro produce produce duce authority for the statement In his Ms message massacre message to the effect that understood h he under the provis ions of or the bank guaranty law Ja v three state banks s which had failed f in Okla Okia homa had paid out dollar for dollar while three national banks which had failed during the same period had not paid out outa a punt nt The Communication failed tailed to satisfy Senator McCue by whom the resolution was Introduced or gr Senator Burger the Republican leader who produced a telegram from the office of ot the comptroller of ot the currency de tie declaring declaring claring daring that the two national banks which have failed tailed in Oklahoma since January 1 1908 have paid p lil out dollar for tor dollar on ull un claims and the other dollar for dollar on all alt proven claims |