Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-12-28
IOWA NEWSPAPERS.
b-s-~-eee+~->~>>>>>->e-e-e.,

4
II WORKS BOTH WAYS.
dubuque Timesl
One of the curiosities of politics is the
optimism with which the IS TO 1ers pui.-
sue their pessimism. III interest rates
go down that is proof to them that the
supply of money is insufficient and that
hence the tendency Of prices is down
ward and that hence the volume of bus
mess and the demand for money are re-
stricted, merchants beirg unwilling TO
buy on falling market When interest
rates are low. the friends of fiat money
take the fact to mean that business is
Improbable, their reasoning being that
the commercial classes will borrow all
the money in sight SO long as they can
use 1t profitably. The interest rate, said,
the 16 to 1ers u few weeks ago. is the
barometer of business, the high rate in
dicating activity and profit, the low rate
depression and lack of prosperity. Sud
denly conditions have changed. The in
huence of the greater demand from New
York, in cons equence of the South ART
can war and ether causes, has extended
to the west ard the banks have adj 4
yanced the rates on deposits and dis
counts. But the optimistic pessiniist is
still with us. Just what I've been
trying to tell you all along he chuck
les; there isn't monsy enough in this
country to do its business: here are the
commercial and agricultural classes
competing for what we have and send
ing UP the rates: lets open the mints.n
IOWA'SS STATE BANKS.
dubuque Times.l
The state banks OF Iowa recently
made reports a compilation of which
will shortly be issued from Dies Moines.
This compilation will show a consider
able decline in deposits as compared
with the preceding one. Des Mcnes
bankers interviewed by ore of the
newspapers of that city agree in attri-
buting the decline chiefly 10 Withdraw
al of deposits By farmers VINO have
purchased with the intention of feed
ing them and preparing them for mar
ket. They say Iowa's cattle paper was
formerly held chiefly in Chicago but
when deposits became large aid loans
compare lively scarce the Iowa banks
held onto 1t and they are holding it
now.
In the opinion of Dubuque bankers
another important cause OF the decline
Is the sensible decision of Ioes Nioines
bankers TO pay no more than a fair
rate of interest on the balances of
country banks and to wipe out false
deposits When bankers in Iowa cit
les generally were paying " per cent
on the average balances Of country
banks the Das Mores bankers raised
T the rate to attract derCSitS which had
been going to chlcagc. Later Chicago
raised ana sot the deposits back again..
Vnen some banks in Des Moines and in
the interior nave been treating loans
as certihcates OF deposit tn make a
showing. 4 Is beiieved they rave wise
~ concluded TO abandon such devices
ana to call a spade a spade Inc de-
mand for money has improved and
the conditions OF the banking business
IN Iowa are on the whole quite satisiac-
+ tory to those engaged IN IT.
INDIANA FARMERS VIEW OF
IOWA.
[keokuk Gate Clty.l
+. ". Moss, a prospsrous farmer
whose farm is ,Asal' Ashboro, Ind, mas
returned home after visit of several
in counties. this state. He expressed
himself very much surprised at the
financial condition Of the Iowa farmers
and the comforts which they have sur
rounded themselves with ina Very few
years. He states that he knows a
number OF Iowa farmers who came 10
this state 4 few years ago without
--.d tv,,,,d i,n,,eec nd nj t,a,.y I'M
provements, carriages, musical instru-
ments. etc. ard are practically out Of
& debt. He can see only prosperity for
the energetic farmers Of Iowa-both in
the profit Of their crops and in the Ger
tain advance IN the value Of their
farms. The farms will become so valu-
able in Iowa that the farmers Will find
it the best policy to sell portions Of
their land. but Still retain sufficient
acreage 10 produce as large annual
yields by better and more thorough cul-
ture. Iowa lands can easily produce
more Than four times the present crop
yield of the state by a thorough cul-
ture that Will Kill off all the weeds and
raise still better crops. Iowa is nov