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Show PLAN TO FOUND STATE OWNED BANK SlOf.X FALLS. K.-H. Feb. 5 F.s-tablishment F.s-tablishment of the Hunk of South Ih- koia is prcpost-iL m prti'ions being circulated cir-culated by mmlA'i of the Nonpartisan Nonparti-san league. The Initiated law desired, the petition peti-tion state, is one "declaring the purpose pur-pose of the state of South Dakota to engage in the banking business and to establish a syttem of banking under un-der the name of Bank of South Dakota, operated by the state and defining the scope and manner of Its o,eratlon and the powers an duties of the persons charged with it management: making an 'appropriation therefor and proviH- trig penalties for the violation, of certain- provisions- thereof." It Is proposed to estannsh a com-mission, com-mission, known as the industrial commission com-mission and consisting of the governor, gov-ernor, the attorney general and the state auditor., to manage the bank. |