Omaha daily bee., 1899-02-21
NEWS FROM IOWA STATE CAPITAL.
Auditorium Committee VIII Try to
Interest RniIroad OMciaIs.

| DES MONIES, Feb. 2O.-(Special Tele-
| gram. 1.-The Des Moines auditorium COM
mittee left for Chicago this evening to see
| the railroad officials of the Iowa trunk
! lines. 1t is the intention to interest them
in the proposed auditorium in this city and
I get subscriptions from them, so that one of
| the largest auditoriums in the west may
| be built and many conventions thus
] brought to Des Moines.
One hundred and fifty Iowans leave for
| Chicago tomorrow to witness the consecra-
| tion of the Rev. DIR. T. N. Morrison as
| bishop of Iowa. DR.. Morrison is the man
recently elected bishop of Iowa after one
| of the most bitter contests in the history OF
the church, Dr. Green of Cedar Rapids be-
ing the principal opponent.
Drake university of this CITY, whose foot
ball team claims the championship of Iowa,
Nebraska, Kansas and Minnesota having
defeated Nebraska at Omaha last fall to-
day announced that negotiations were on
foot to secure Herschberger the famous
fullback of the University of Chicago, as
coach for this years team. Herschberger
Is the man who was made famous by his
kicking game and particularly his kicking
goals from the field, and IL he comes to
Drake it will revolutionize the game in the
west.
bdiI N ftudIlS COHpduy mas ueClueu 10
erect $4,000 warehouse for SASH doors
and blinds and contracts will be awarded
in few days.
The state executive council was in ses-
sion all day and devoted the time to the
consideration of building and loan mat
ters Some dozen companies have pre-
sented amendments which they desire to
make to their constitution and bylaws. 1t
is evident from conversations had with
state officials and with building and loan
people that the companies throughout the
state are having considerable trouble in
leaning their money The high rate OF in
terest upon the instalment plan and the
usual prosperity of the state have caused
the demand for money to be lessened to
such an extent that each company is figur-
ing upon plans how to dispose of its earn
ings in the form of new loans One of the
plans suggested is that presented by the
Iowa Deposit and Loan association of this
city. 1t desires to have its articles so
amended that it can loan to members on
what is termed by it as non -participat-
ing stock. In other words. the association
proposes to go into the loaning business and
the rate of interest to be per cent straight
from the start. The benefit that the bor-
rover viii get will be his loan and the
privilege to pay 1t In weekly installments.
II is claimed at the state house that these
plans suggested by the deposit people would
bo in amount equal to 16 per cent on the
money borrowed, and no opportunity to
participate in the benefits Of tGe association.
In taking up the matter the council decided
that it had better consult with the attorney
general as TO the effect of the change under
the provisions of the statute. The other
building and loan companies asking for
changes are: Lemars Building and Loan
of Lemars, Equitable Building and Loan of
Ottumwa and the Decorah Building and
Loan Of DecOrah.
That the fruit crop OF the west has been
ruined and the many orchards and vine
yards of Iowa badly damaged by the re-
cent severe touch Of arctic weather expert
enced by this state are shown by reports re-
ceived by George Van Houten. secretary OF
the State Agricultural society According
to these reports the peach crop has been
entirely destroyed and the trees severely
injured. few hardy varieties may bear
a crop this season. The pear crop suffered
the same as the peach crop and Is probably
entirely destroyed. The tender varieties OF
apples have been destroyed, but the harder
ones will give the usual crop. The grape
crop is also damaged. Many OF the canes