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Massachusetts Question 2, Interest and Dividends on Saving Deposits in Banks Referendum (1919)
| Massachusetts Question 2 | |
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| Election date |
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| Topic Banking policy |
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| Status |
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| Type Veto referendum |
Origin |
Massachusetts Question 2 was on the ballot as a veto referendum in Massachusetts on November 4, 1919. It was approved.
A “yes” vote supported placing limitations on interest and dividends on savings deposits in banks. |
A “no” vote opposed placing limitations on interest and dividends on savings deposits in banks. |
Election results
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Massachusetts Question 2 |
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| Result | Votes | Percentage | ||
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257,136 | 69.96% | ||
| No | 110,412 | 30.04% | ||
Text of measure
Ballot title
The ballot title for Question 2 was as follows:
| “ | Shall Chapter 116, General Acts of 1919, approved by the General Court without decisions, which provides that deposits in savings banks and savings departments of trust companies may be placed on interest once a month and not oftener; that dividends on such deposits may be declared semi-annually and not oftener and that interest shall not be paid on any such deposits withdrawn between dividend days, be approved? | ” |
Path to the ballot
Before 1952, citizen-initiated ballot measures in Massachusetts required a fixed number of signatures. In 1950, voters approved a constitutional amendment changing this to a percentage-based system, tying the number of required signatures to ballots cast in the most recent gubernatorial election. Before 1952, the signature requirement for veto referendums was 15,000 for general legislation and 10,000 for emergency legislation.
See also
External links
- William Francis Galvin Secretary of the Commonwealth of Massachusetts, "Massachusetts Statewide Ballot Measures: 1919-Present"
- The Springfield Daily Republican, "WOULD DEFEAT INTEREST MEASURE," October 31, 1919
Footnotes
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