Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1898-03-03
The business Of building and loan asso-


Citations had been written before the
law was passed, and without curative
act members of such associations who
were borrowers could plead usury, on
account of the dues and fees required,
and could practically defeat the object
OF the associations, namely, to help
poor people to secure homes. So this
bill was introduced making the new
law apply to contracts already in ex-
istence when it was passed.
Railroad Employees Satisfied.
The Temple amendment has been dis
posed of. At the request of the railway
employees organizations the house re-
coded from its position demanding the
passage of its own bill, the one ap-
proved by Mr.. Temple, and accepted the
Hobart bill, which had passed the SEN
ate and which is believed to be in bet
ter form. This bill was passed by the
house last Friday and will become law
July 1. 1t is possible that it may be re-
sisted in the courts by the Burlington
Relief association as being unconstitu-
tional, because it interferes with the
right of contract. The bill as passed
amends section 2,071 of the code by add
ing at the end thereof the following:
Nor shall any contract Of insurance, re-
lief, benefit or indemnity in case of injury
or death, entered into prior to the injury be-
tween the person SO injured and such cor
poration, or any other person or associa-
ton acting for such corpora ton, nor shall
the acceptance of any such insurance, re-
lief, benefit or indemnity by the person in
jured, his widow, heirs or legal representa-
tives after the injury, from such corpora
ton, person or association, constitute any
bar or defense to any cause of action
brought under the provisions of this Sec
ton, but nothing contained herein shall be
construed to prevent or invalidate any set
Element for damages between the parties
subsequent to injuries received"
VIII Keep His Seat.
Senator j. NJ. Emmert, democrat,
of Atlantic, Cass county, will retain
his seat in the senate. The committee
on elections spent several weeks in an
exhaustive examination into the facts
and the law in this case, and came to
the conclusion that the contestant, T.
Fl. Smith, of Shelby county, had been
fairly defeated at the polls, and SO the
committee awarded the seat to the sit
ting member. On the question of bal
lots marked in the circle of one ticket
and in the squares in another both
sides lost votes, but the loss was about
equal In a considerable number of
tickets counted for Mr.. Emmert the
voter had marked in the squares, in
Guiding the one opposite a blank place
in the township ticket. 1t was claimed
that this was an Identification mark
and that these ballots. should be thrown
out. If this had been done Mr.. Smith
would have been elected by three ma
jority, but the committee thought this
was not sufficient grounds upon which
to reverse the result of the election,
and held that the mark was not an iden-
tifcation mark.
Mortgage Taxation.
The senate ways and means commit
tee has reported favorably bill to re-
peal the section of the code allowing
the exemption from taxation of moneys
and credits to the extent of debts owed
by the taxpayer. The bill to tax mort
cages had been after considerable argu-
ment referred back to the committee
and unanimously reported for indefi-
mite postponement. This bill striking
out the exemption on moneys and cred
it's is a concession to the demand for
the law taxing mortgages, and has been
brought on by the abuse of the exemp-
ton, which offers q convenient avenue
for escape from taxation.
The State Debt.
The total floating debt of the state
is now about $650,O0O. A. week ago it
was 1882, 748.SS. The total amount of
warrants outstanding was 13,S67.22.
The cash in the treasury was $161, 124.34,
sc the net debt was something
over $6500OO. This amount is constant
ly fuctuating, owing to the issuance Of
new warrants and the receipt of rev.
enue. 1t will be greatly reduced in
April, when the taxes begin to come in,
but it will be increased again up until
September, when more taxes are re-
ccived. The legislature is determined
to be exceedingly economical in ex-
penditures this session, hoping by max
ing an adequate provision for the next
biennial period to bring the state out
of debt in about three years.
His Claim Granted.
James Daily, of Algona, private in
the Iowa national guard who was ter
ribly injured while in the discharge of
duty at a regimental encampment at
Fort Dodge, has been granted his claim
of $4,000 by the house appropriations
committee and it will undoubtedly pass
both houses. This man has lost the
use of an arm, and it is a matter in
which the members of the guard are
deeply interested. They say that it will
be difficult to secure enlistments unless
it is certain that men who are injured
in the service will be taken care of.
Revenue Estimates.
The ways and means committees in
both houses have prepared, estimates of
the revenue for the next two years,
showing that a levy of three mills on
the valuation of 1893, to be collected
in 1899, would give little over 100000
surplus after paying all debts. For the
year 1900, the debt having been paid off,
levy made to yield 81 200 900 would