Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-01-08
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LOOKER-0N in IOWA. {
For the Times Republican.
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Gimme tsburg, Jan. The Cedar Rap
ids Republican's editorial, Interest on
State Money. strikes the average
voter as good doctrine. To be sure 1t is
a little out of the ordinary to read
such plain talk concerning republican
officials and methods in the columns of
the Cellar Rapids Republican, there
fore it has the more weight. In brief
the editorial states that Iowa had on
the firstsof the year 5000 900 in it's treas
ury. Again. that this amount is de-
posted in the banks of Dies Moines.
That a common rate of interest paid
on such deposits is 3 per cent. That five
banks of Dies Moines, have furnished
surety bonds for the incoming state
treas urer and his deputy. That SUCH
surety bonds cost the banks $1,000. 4
Then Il mildly states that we believe
that State Treasurer Gilbertson would
have Lone better if he had made an in
novatisin and enabled the state to have
received interest on its eurplus.s
/ Nov lust such talk from a republican
paper. cilticising with the best 81 mo-
tives, b. the interest of the people (not
the banks), is what the voter wants.
In pl1e f,aet when a republican state Of
! fetal followed custom and made or
nanental ianltors of his sons it had TO
be left 10 the independent Leader to-
/ show it up. We republicans must
keep quiet or we would lose votes But
4 now that an .organt mas plainly
spoken. some of US lesser lights can
speak out in meetin Treasurer
4 elect Gilbertson is only follow rg a
! Gus tom. but 1t is a custom the people
are tired of. They sublrifted for years,
\ while the county treasurer stood in
with the banks. said banks going on
4 the bonds of said county treasurer.
This had thu little clement OF fairness
! that they rendered. a service. while re-
ceiving ar interest benefit But this
open. biazsn trade OF the Deg AIoines
banks paying 1000 Tor the state treas
Iureiss bonds fand his Deputy, ard re-
ceiving a profit OF say $4,000 to $4,000
in Interest he people Will not submit 70
longer than till the next legis' AZURE
j meets state Treasurer Ciibsrts on. 10
be sure, is following one custom, that
8sof tepcsiting state money with TIE Dss
AIoin4s banks but isn't it the first time
4 in the history OF the state that they
Il have publicly paid fol. II The writer
q speaks without authority. of coul,se.
isbut it is a safe assertion that the &C.
Il aar RAPIDS or Marshalltown banks viii
go hem one better. They will no. only,
pay the $1,000 surety bonde CT the state
treasurer a I'd his deputy. but viii pay
. $1,000 to some deserving charity Tor the
q privilege Of taking cale Of the STATE )
s money. The least the tileasurer4eleci
lean Go is to al once DRAW his checks
lfor the amount of these surety nonds
s ard then dsposi, the surplus OF tht
i funds OF tn state Of Iowa in any Q.
I, the sound banks of Iowa who VIII pa.
i, sti1e state, OF Iowa ,hR same interest q,
y call deposits that they would Nj Gil:
q bert son as a private individual
Along with the talk on this subjec
+ ons. hears from all sorts ana conditions
3 of rnssn is the satisfaction of knowing
I our state treasurer indirectly has es-
y tablishefl the precedent of furnishing
T surety company bonds. instead of III
5, bonds Of the banks where he deposit
8 the money Of the state. Several of tn
j, eastern states now Legality require al
: stats officials twflo have 10 furnish
bonds), 10 obtain them of surety com
$, paniss. And the people of Iowa, vii
+ willingly tax themselves to pay FOL
such bonds. There is no disposition Z
take such amounts out of the salarie.
of state and county officials. IN ths
. present case however, the psopla ws
i be glad 10 know that our tiea urer-
g dec; has paid for such surety befassou
: IF his own private bank account.
alo lzyzsta Z
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