Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-10-04

SCI" Wis Wuel pIdCtlSdliS dli lAAS As'i 81
factory interests in the east part of the
city addressed signed statements to him
favoring a public square site. and Sec
rotary Shaw was left with no alterna-
tive but to approve when he was con-
fronted with the petitions of Elsa citl-
zens asking for the approval of Whea-
tons report. and when nearly nifty
reputable citizens who circulated the
petitions made sworn affidavit that the
people signed knowingly and willingly.
The editor of the Times Republican
has an interesting article about Mar
shalltown banks on the editorial page
of today's issue. In trying to explain
what Secretary Shaw's recent bank
ruling meant he shows incidentally that
the four banks of MaIshalltown by
their published statements last week
were able to pay threc-quarters of
million dollars more than they owed all
OF their depositors put together. The
law requires that banks in Marshall
town must keep on hand in cash l5 per
cent of all amounts due their deposit
tors. but none of them had less than 20
Per cent and some of them over 80 per
cent. 1t is interesting TO know how
bank may be so strong and sound that
it can pay hundreds OF thousands of
dollars more than it owes its depositorS
and yet never keep enough money on
hand In it's vaults to pay everybody on
the same day. One bank in Marshall-
town keeps loaned out $4,000 of profits
which II has earned and never divided
among it's stockholders. so that it alone
1,nf
touching its capital of calling on Its
stockholders to put up cent.
The recent appointment Of two fine
young men from this city to good po-
sitions with the federal government
illustrates we'll what a convenience
thing 1t is to have live and an alert
congressman at court even if the land
ing of $S5,O0O for a govegsSdent build
ing should not be appreciated The
position young Frank Fletcher. san of
7. j. Fletcher. secured as cadet in the
naval academy could have gone to any
other young man in Mr.. Cousins dis
trict who possessed I'letcher's ability
to pass the examinations. However,
Mr.. Cousins has many warm friends in
Marshalltown and he took care of
Fletcher's boy. Likewise in the case
of young Hull. There We're only ten
students to be appointed in the whole
United States and yet Mr.. Cousins
landed place for Hull in spite of the
fight Congressman Hull was making
to secure the plum for Des Moines.
These things are not mentioned be-
cause the Times Republican believes
congressman should be measured by the
amount of patronage they can dispense.
We have already deplored that but
man to do what Mr.. Cousins is doing
must have influence in Washington and
the influence that lands jobs for con-
stituents on appropriations for his dis
trict must necessarily be able to make
n mark upon important legislation.
1t will be remembered that Mr.. Cous-
ms was the first member of congress
to go after the rural free delivery routes
and before any of his fellow members
knew what he was up to he had more
routes started in his district than any
other congressman. more even than the
speaker of the house himself with all
his power. The farmers of Marshall
county can thank Cousins for the ex-
cellent mail service they have enjoyea
for year or more when the T.-R. is
today selling boxes to farmers in neigh
boring counties who will not get free
delivery for months to come yet. Wa
smile to think of what would have been
the result had democrat represented
lhls uistii.tf =. yNo et's,c-ton Sr,ol, 49,
know what fun it is to be the fellow
who has to take the core when some
times the fellow in possession Of the
apple has the power to say There aint
going to be no core"