Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-06-11
PRIVATE BANKSDOON[D
Heavy Filing Fees Cause Corpo.
rate Banks to Envy the
Private Banker.
An Effort on Foot to Force All
Banks to Incorporate-One
Bill Defeated.
Business.like and Fair.Minded
Action OF Plumbers Union
in Des MOines.
pecial to Times-Republican.

/ Des Moines June 11.-As the result of
1.-THE heavy filing fees exacted from cor
porations by the state of Iowa there is
| a prospect for the renewal of efforts to
4 secure legislation to stop private bank
/ ing in this state Some years ago an eff
fort was made to have a law passed
that would shut out the private bank
ers and compel all bankers to incorpor-
controversy. There We're number of
private bankers in the legislature and
/ they stirred up the private bankers all
/ over the state so that one of the most
! aggressive lobbies that was ever sent to
] the state capital appeared before the
Legislature and demanded the defeat of
the measure. The argument used was
| that the private banks We're the safest
possible, because the entire property of
| the bankers was liable for debts,
whereas the primary purpose of incor
! poration is to limit liability and pre-
vent subjection of all property to at
| taehment for losses. The subsequent
failure of one private banking house
ture as the safest bank in the state,
changed the situation somewhat, but
the agitation has not been taken up
since. Now some of the bankers of the
state who are paying heavy fees for in
| corporation or for reincorporation and
| who claim there is no way a bank can
evade taxation and that they are taxed
| to the limit, are considering the advisa-
bility of asking the legislature to COM
| pei all bankers to organize. 1t is esti-
mated that there are not less than 500
| individuals or firms in Iowa that are
| doing banking business in some form
without incorporation as banks. The
fees and taxes are said be onerous,
| despite the fact that there has never
been a time when SO many PRISONS We're
entering the banking business as at the
present.
| In one of the G. A. r. posts in a pros
porous city of Iowa there recently arose
8 controversy over a subject which has
Itroubled more than one Grand Army
post. 1t was moved that the names, be
stricken from the post roll of honor OF
two soldiers of the war of 1872 and one
of the Mexican war whose bodies lay
buried in the cemetery. These names
had long been carried on the post roll of
honor andsthe graves of these soldiers
were decorated annually along with the
others. 1t was argued, however, that
the roll of honor should be for those
who served in the civil war only. To
strike off the names would mean that
these names should no longer be decor
ated on memorial days. The post finally
decided to let the names stand. That
was certainly the proper course to pur
sue" said a prominent official of the G. |
A. r. department today. There is no
rule governing such cases. but here in
Des Moines, and generally in Iowa the
names of all honorable soldiers are on |
our lists and their graves are decorated. |
To decide otherwise would be to inti-
mate that when we are all gone our
graves shall not be decorated by the |
younger generations of soldiers
What appears to be an error in the |
law relating to the osteopaths may
cause some trouble for them. What the |
legislature obviously intended should be
done was to require that anyone who |
solicits business as an osteopath in any
place other than his Office or at his res
idence shall be deemed an itinerant os-
teopath and shall pay an annual IL
cense of $3.50; but what the legislature
actually said was that anyone who So
licits at any place other than his office
at his residence shall pay this fee This
ii the letter of the law is followed, will I
compel osteopaths to have their offices
at their residences and at no other
Dl3ca The hill |
difficulties at best and it is not surpris-
ing that errors crept in.
The printers have put into type now
about It's of the chapters of the new
session laws and are working SLOWLY to-
ward the 250 that will complete the
work-the largest session law volume
ever issued.
The settlement of the plumbers
strike in Des Moines illustrated what is
often done by Intelligent and sensible
Worklngmen even when the temptation
is to be more radical. The plumbers
asked for raise to $3.50 day. The
master plumbers protested that they
had contracts in hand running on dur
ing the summer and into the fall made
Gil tIle OASIS OIL present wages and to
pay greater wages at this time would
mean dead loss to them. The confer
ences with the strikers were in the best
OF feeling. The strikers acknowledged
the force of the arguments of their en-
ployers, and on their own motion ac-
cepted a compromise of a Slight raise
in wages until September / next, and
then $3.50 day. This action on the
part of the journeymen plumbers" said
Labor Commissioner Bigham," was
conclusive evidence that the plumbers
union IS in the hands of sensible men.
asked one of their number if they
could not have won out If they had kept
up the strike. He said they certainly
could have eXacted the full amount
since the plumbers union is one of the
closest of all and it is impossible to get
men outside of the union. But they
met the employers half way and show
ed a proper Spirit. 1t is just such in
stances as this that go far toward re-
moving the notion that the laborers in
forming unions are in trust controlled
by greed alone.
II n learned that after all thara Ia tnl /.