Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-05-21
|DQ D |. On IONA
Tenth District Congressman Makes
Some Observations on the
States Progress.
Grows Eloquent About the Aston
fishing Prosperity Of the Great
Commonwealth

And Predicts . Tremendous Major.
ity For Republicans In the
Fall Election.
Washington, May 2l.-'Iowa Is brim-
full Of prosperity, this year." said! Hon.
p. p. Dolliver, member of congress from,
the Tenth district e. state ...rhes
factories out there have been running
as they never ran before. receipts for
farm crops have; been larger. during the
last season thanFin any previous season
In the history OF the state. Money is
abundant, debts are being paid off. in
terest is lower, labor is we'll employed,
wages are better. Nand no man need
look for a job unless he wants to take
a vacation.
In the last five years" continued Mr..
Dolliver, there has been an Increase
of $4,000 bank deposltors in our state
alone, and the total amount OF the
bank deposits has increased by $s5 900, y
600. That the money has been distrib-
uted more among the business men is
shown by the fact that both in the saw
ings banks and the smaller state banks
the deposits have doubled, while in the
national banks the increase has been
about IS per cent. Every man or wom-
an in Iowa. who has savings bank
account. has an average of $3.50 to his
or her credit. Taking the whole pcpu-
iation of the state at 2.230,00O. there is
$34 for each one of US on deposit In cur
banks. SO you see we have s. more cash
in our banks than the per capita Of
government circulation for the whole
country.
What has brought about this pros
perity? Why, the busy factories hav.
created a better demand for the farm
products. You know thatrit is the home
market that Is the best for the Ameri-
can producer, and when people are
steadily at work they have money to
spend. with which to buy what the
farmers grow. The more factories we
cen get out west the better 1t will be
for our farmers. Since the last demo-
cratic administration has become a
matter Of history. the value OF the live
stock on Iowa's farms has Increased by
$4,000, 900, that is to say in five years,
being now worth, according to the de-
|.partment Of agriculture's figures. $685.
OGQ 0GO as compared with the total valu-
alton of $l25, 900 at the beginning Of
| 1895.
Talking about factories. You re-
member how the free traders ridiculed
Hes, ~, I'll,
United States. A duty was first put on
pearl buttons by the Mckinley tariff in
1890. OF course the Wilson bill cut this
down, and checked the growth of the
business. But the Dingley tarff of 1897
again made another effort to build up
another American industry. Now what
was the result? There are now up-
wards OF forty pearl button factories in
Iowa. Shells from which they are made
are procured from the river beds. There
ARE nearly fifteen hundred people ems
Isployed in the factories alone, besides
the hundreds of fishermen occupied in
IsgettinS mussel shells, and the people
employed in making the machinery for
| the factories. Indirectly the ner-
| chants, Graymen, transportation COM
3panies. as We'll as the farmers. are ben
Isctited by this one little industry, which
has been as successful in it's way as the
4 greater American tin plate industry
(which was also inaugurated by the Nc
| Kinley tariff of 1890.
Another instance. and ] may say, q
IScause OF prosperity In Iowa" contin-
lued Mr.. Deliver, is found in the rail-
roads. A large number OF railroad men
Hive in our state, and when YOU consider
THAT the railroads Of the country are
now employing over 100000 more men
THAN they had in 1895. and are paying
out fully $60O00.O00 q year more in
wages, you will see what an important
factor railroad prosperity is to the
country and prosperity is to the rail-
ronds. The roads made good money
Hast year. but this has not been at the
expense Of the farmers. because freish:
rates are lower now than they were five
YEARS ago. am within the mark when
1 I cay that there We're over 200.000,00o
lions more freight carried by rail last
yea. than in 1895.
Stock in western railroads is gradu-
Tally being acquired by the employees Of
1.-THE company. Take the case Of the Illi-
Ilnois Central, which runs thru Iowa
There are now about 1000 Of its em-
pioyes who hold considerably over 5000
j shares of stock in that company. An
4 employe Is offered the privilege of
subscribing for enc share at time
This he can pay for by installments in
sums Of IS, or $40. or SIS, and when one
share is paid for the owner has his
name registered on the books of the
1 company, when, IL he wishes, he can
4 begin to buy another share on the In
stallment plan. While paying for his
4 stock the employe receives interest at
4 the rate of per cent per annum, pro-
viding he does not allow twelve con-
lsecutlve month3 to elapse without max
ling any payments at all. In case the
employe leaves the service OF the com
pany. he must either pay in full for the
shares for which he has been subscrib-
ing or withdraw his money with the
Interest that Is due thereon.
This Is an excellent system. 1t gives
the men direct, personal interest in
4 the affairs OF the company for which
they are working, and makes an invest
ment at fair rate OF interest for their
savings. Besides this. they become
partners In one OF the gigantic. corpora.
tons or trusts OF the country. and ma,
be decried by the democrats as being
capitalists. monopolists and extortion-
lists. But the men out our way don't
mind what they are called az long al
they are well employed. with good
4 wages. have mutual interest In the