The Denison review. [volume] (Denison, Iowa) 1867-current, 1902-10-10
iowa IS FREE FROM DEBT
Cash in the General Revenue Fund
of the State Now Exceeds
One Million Dollars.
TREASURY HAS ABOUT 100000.
Farmers VIII Have Plenty of Corn
to Feed, But Not So Much AS Usual
to Observation-Disclosures Tax COL
acknowledgements Gift to n Col
lege-Other Notes.
Especial Correspondence

Des Moines, Ia, Oct. 6.-The cash in
the general revenue fund of the state
treasury has increased from 1881, 1000
at this time last year to $1,056,O00 at
this date. The report of the treasurer
of the state was checked up by the gov
ernor and auditor the past week. The
increase is about one-half of the re-
ceipts by the state from the general
government of war funds due to Iowa,
and which sum was received few
months ago. Counting college bonds
and other securities on hand at their
proper value the state has in hand at
this time balance of about $2,000,000
and doesn't owe a single cent.
Plenty of Feed Corn.
The state crop reports show that
thousands of Iowa farmers will be
long on soft corn and short on hard
corn this year. That is, they will have
plenty to feed and not much to mar
ket. This condition exists in northern
Iowa, especially. The stock men say
that the market for stock cattle which
may be fed during next year has been
broken in the last two weeks. Thou
sands upon thousands have gone
through the stock yards into the hands
of farmers of this state, who will feed
for meat supply next year. The Iowa
farmer is going to meet the meat
''trust," so called, and will furnish a
supply which will force down prices
next year very materially. Grain men
estimate the marketable corn crop at
a very high figure, also.
Claim Must he Paid.
Auditor of State Merriam has levied
on the estate of John L. Thornton, of
st. Louis, to satisfy claim held by
Iowa for $4,000 for care and mainten-
ance of Thornton in the hospital for
the insane at Mount Pleasant for Sc
eral years. Under the Iowa statute
the state of Iowa gives the auditor the
power to settle all accounts of public
debtors. Learning that Thornton had
an estate in st. Louis. Auditor Merriam
promptly notified the administrator Of
1t that the claim of Iowa must be paid.
Unless it is liquidated suit will be
brought to recover. The records of
the case disclose that Thornton was
an Iowa man, but owned his property
in Missouri.
Inheritance Taxes.
In September the state of Iowa col
iected S15,O27 in collateral inheritance
taxes from 90 estates. This is the
largest collection in single month
since the law went into effect. 1t is
double the average monthly collection.
One estate alone yielded $4,977. The
collateral Inheritance tax now yields
the state about $4,000 year. 1t is
constantly growing. Itisa tax on that
part of the estate of decedants which
does not go to blood relatives.
Aids n College.
The will of NJ. V. Hinchman of Glen
wood, who died there the past week,
leaves $4,000 Internationally to the
Des Moines Baptist college here. and of
which he was patron. In addition he
gave about $4,000 to this institution
early in this year. Prior to that time
he had contributed Literally to the sup
port of the college. The $4,000 is left
for the purpose of building an admin.
istration building. AS special mark
of respect the trustees and President
Adams, of the college, attended the
funeral at Glenwood in a body.
New Railway Line.
A trust deed for S2,5OO,OOO has been
fled in this county by Hamilton
Browne, of Boone county, and his as
sociates inthe Newton & Northwestern
Railroad company. This company pro.
poses to build line of railroad from
Newton to Rockwell City. The line will.
pass through the counties of Jasper
Polk, Boone, Webster and Calhoun. II
will also acquire the property of the
Marshalltown & Dakota railroad ex
tending from Frasier to Rockwell City
1t will also take in the Browne and
fields in Boone county. The bond
Marshalltown & Dakota railroad coal
issue secured by the trust deed is tc
be issued at once, $4,000 going to the
purchase of tie Marshalit0wr &
Dakota road and the coal fields. The
Old Colony Trust company is trustee
During the past week the Des Moines
& Western railroad secured terminal
facilities and right of way through the
city of Des Moines. This line will be
used by the Des Moines, Iowa Falls &
Northern railroad. which has beer
quilt from Iowa Falls to the northern
city limits of Des Moines this year.
New Industry.
A new enterprise and industry fol
Iowa is being projected in this city. II
is the manufacture of brick from Goa
ashes. Louis II. Schneider of New
York and Boston, has been interesting
Des M0:nes business men in the
scheme. 1t is claimed that the manu-
facture of this kind of brick has been
going on in the east for some time, but
the product has never reached this
country. 1t is claimed for the ash bricl,
that they are absolutely fire proof
Having been through the fire once they
cannot again be decomposed by it. The
soft coal ashes of the western country
now go to waste. The plan is to utilize
them in making the fire proofing con.
struction required by modern build.
ings.