Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-09-28

~
rived at thlp from comparison OF q NUM-
Der OF banks doing about the same
amount OF business.
md the deposits are principally by
the farmers, merchants and labofingg
men. On an average the banks have
from One-fourth to one-half more acc
counts than they had four years ago. In,
communities where there are what are
termed rich men, find they are the
borrowers az q rule, doing one thing and
another that gives employment to the
people who want to work. =
@: To what extent have the credits
of your municipality or township im-
proved during the past four years az
shown by comparative outstanding bond
values?"
A. In my work as to the state I have
not made close investigation as to this,
but during the last three years find
much Improvement in the country towns
in the way of buildings streets and side
walks but with this Improvement / find
that bonds have not been issued for
more than half OF the cost, and don't
believe the Indebtedness has decreased
by the payment of indebtedness"
@. To what extent have your local
debtors of four years ago become inves-
tors and lenders of money!"
A. To this question I would say
money lenders OF the community do not
change much. They generally stick to
their business and the borrowers to
theirs. They borrow money to buy prop
serty or land as an investment. When
they are about out OF debt they go in
again, and SO it goes. the men in debt
really having made the largest profits
during the last administration
@. What effect has the new cur
rency law, already had in improving and
cheapening the credit facilities Of your
district?'.
A. This law has had very little to do
with any change here. but something
has had its effect on the price Of money:
desirable loans are going on an average
of 2 per cent cheaper than four years
ago.,
@. To what extent have farm mort
cages been paid up, and what improve
Inents have your merchants found in
collections?''
A. Az to the number Of mortgages
made and paid, l am quite sure there
are many more paid than made during
the past two years. AS to collections.
have heard no complaint. Altllo the
winter wheat crop was an entire failure.
notes are being paid up promptly. With
this increasing business bank profits are
no better than four years ago. The in
creass in business demands extra help.
increasing the expense. which together
With the reduction of the rate of interest
holds the profits down.
G. I. Lindsey, cashier Of the Citizens'
National bank South Bend, Ind, says:
Savings and commercial accounts
In South Bend have increased over four
years ago 55 per cent and $50 per cent
each.
There has been a reduction of inter-
estaof per cent per annum on our mu-
nicipal obligations.
Credit facilities In this district have
been helped to the extent OF at least
per cent per annum in interest rate, ow-
ing to increase of bank circulation. and
the increase per capita of circulating
medium.
AZ to improvement In collections 1
would state they are now in good
healthy condition, vast Improvement
over four years ago. as at that time IL
was almost Impossible to make collec-
tions al all.
In general our farmers are well to do,
manufacturers are employing a world Of
men, running full time, and in some in
stances over time
The Second National bank, Richmond,
Ind:
Bank deposits in our community
have more than doubled in the pas,
four years.
= think the bond values of the city
and township have Increased at least 90
per cent.
About 10 per cent Of our local debtors
have become money lenders in the past
four years.
Il think the new currency law i. hav-
ing a good effect, in regard to cheaper
ing money.
AT least 25 per cent of the mortgages
on farms in thip locality have been paid
The merchants are experiencing a
wonderful Improvement in trade
Indiana National bank. Indianapolis,
Ind:
Since 1896, bank deposits in this COM
munity have almost doubled Interest
rates on municipal bonds have greatly
declined There is considerably more
money being loaned on mortgages by
small investors