OCR Text |
Show f REPUBLICAN LEGISLATURE FAILS TO ACT. H The Herald-Republican urges on the I state legislature the necessity of pro- -j viding for interest on state funds de- I A posited in the banks. Recalling the I I statement made by the new treasurer early In January, the Herald Re-pub - HI Jican nas j "Mr Jewkes' arrangement for the paymem to the state of interest on ftate funds by the banks that are so fortunate as to have them on deposit depos-it Is still in abeyance He announced a month ago that be hed perfected a compact by which the commonwealth common-wealth should receive 2 per cent on Hg balances, therefore it had been assumed, up to his announcement on Wednesday that the Interest was being be-ing paid Inasmuch as there is now no statute that compels the banks to compensate the state for the use of its monc. and the treasurer has no legal means by which he can force this, it Is apparent that If the present pres-ent legislature adjourns without enacting en-acting enabling legislation, the conditions con-ditions that have obtaJned In the past will continue during the next two years To this, there is no doubt the people will object "A measure towards the desired end waa Introduced In the legislature ear-! 1 In the session. Since It was cast I Into the hopper it seems to have cultivated culti-vated a retiring disposition It should be resurrected, given an Injection of elixir and passed. Those who doubt its constitutionality may safely leave, that matter to the courts who love nothing so mueh as a knotty point of law that baffles disentanglement even with the sharp judicial teeth. It It be found unconstitutional, no harm will have been done and no obsta -rle-s placed in the WKj of such prl-Aate prl-Aate plans as .Mr lewkes may make, if It be. declared valid, the heaviest1 burden the Republican party carried 1 through the last state campaign will! have been removed " From a political standpoint, the) Progressives could lose nothing, but i would be supplied with campaign ma-j terlal, if the present Republican legislators leg-islators after the loud protests In the last election, were to remain deaf to the demands of the voters for remedial re-medial legislation on this subject, but. J holding the welfare of the tax pay- ers to be above that of party advantage, advan-tage, the FTogiessives are insisting j that ihe Republican legislature take the state's money out of politics and place the surplus funds at interest Bfl other states, namely, Idaho and I Washington, have done. oo |