Senator I'nlnam thought that die
bill should pass. He seemed to have
uo fear of the eonsditilionaiily of die
bill
Senaier Weeks said he was on (lie
jml VI ary cenmidutee two years ago bin
is now I'oiiviiuvd that tlie present law
is eottsdimi' mil. He thought tlie bill
was calculated to aid school districts
He said that tin' trustees need not
] lend to school districts at four is*r
cent, if they can gel higher interest
from other sources.
Senator McMullen spoke against tlie
bill. He was convinced that tlie lego
j latnrq ettgihi not to allow so hnj*ortant
a matter to be governed by politics
He mould not see Hnu the s;ati' should
take away rights already w'stvsl.
S.'ttaior YoUiujins. in answer to Mr.
Uasliford. thought that die law on (he
statute books is equitable llceharac;
er.zed llie action of the trustees of the
fund as extortion. lie thought tlie
bUI to lie in tin' line of fair dealing
in closing the debate Senator Baxter
read a few figures on loans and Sen
ator Bashford stated that the loans
iu the last four years had been kept
the closest known in twenty years.
Tite bill was illicit ordered engrossed
and read a third time.
IN THE EVENING.
