Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-02-08
RAILWAY LEGISLATION
Debate on Trolly Line Tax Bill
Shows Sentiment OF
Legislators.
Some Amendments to the Oriei.
nal Measure, Which Will
Pass Senate.
The Plan For Taxing Corpora.
tions Not Yet Fully Map.
ped Out.
10 Times-Republican.

Special to Times Republican.
| nas Moinas Feb. S.-'rhere is no mis-
taking that the present Iowa legislature
;s favorable to some legislation affect
! ing railroads, and decidedly antagonis-
tic to certain phases of railroad promo
t;on and management which have been
| common in Iowa. This was brought out
forcibly in the debate on the lroiiey
/ line tax bill This bill is still before the
senate Yesterday it was discussed ana
the senate manifested approval OF the
Imam features, but preferred that some
amendments be added. Inc raiiToau
committee was invited to fix up these
amendments. Today the bill came from
the committee again in an improved
form. There was added to it a clause
which proyides that no such company
shall issue any stock or bonds u. any
time which have not been paid for at
their par value in cash or its equlVa-
lent This is regarded as peleer liiati
Porter's plan to check the evil OF STOCK
watering by providing that when lhe
stock is watered the company shaii also
issue to the holders OF tax STOCK tnelr
proportionate share of the addltlonal
/ stock In fact, Senator Porter likes the
amendment better than the one ne pro-
4 posed But in the discussion OF the piii
Porter spoke strongly and fearlessiy
against that form of swindling which
lconsists In accepting the subsidies ana
giving stock therefor, and then by a
watering process render the stock
worthless. Sometimes it has been
/ worked by issuing bonds to such an
extent that the bonds absorb every
thing and the stock becomes worthless.
This was severely condemned. Sen
ators Blanchard. Trewin, Junkin'
Lewis and others agreed in condemning
this swindie. 1t Is evident that If any
body will suggest u way for preventing
Injustice and inequalities by the opera
tions of promoters of managers of rail-
road enterprises the legislature stands
ready to adopt the same. The temper
manifested IN the iebst on tie trolley
tax bill has been such as to indicate
that If there is strictly railroad fac
ton In the senate it is not visible.
a
, The trolley line tax bill was called ur
, in the senate this morning with the
! amendment as made by the railroad
committee and was promptly passed
The vote was 80 to H.
The house passed the Dunham bill
today, providing that notes taken fol
policies of insurance shall be payable
in the county where given, also bill tt
amend the law relating to Aspen Grove
cemetery near Burlington.
The senate today passed the bill tt
furnish a water supply for military
post and the house bill to legalize the
contract of Des Mcines with the water
company.
report was received from Governor
Cummins in relation to the Shliof
monuments. The commission has lie
the contract for the eleven regimenta
monuments to the p. N. Peterson Com
pany, of st. Paul. for $1S,O5O. The gov
ernor recommended that an appropria
ton be made at this time for dedication
of the monuments 1t was referred u
q special committee.
Then senate passed two bills by Huh
y hard relating TO the making of taxes IL
{ hands of a receiver "a preferred CLAIM
and tax leyies on buildings a lien on tn
!, real estate.
New bills were introduced today:
Griswold, appropriating $4,000 for
hospital at Independence; Young, ina
lspecial charter cities shall adapt tn
e assessment made by township asses
sors; Young, reducing compensation o
county treasurer on money collected TO
e cities and towns from x to a per cent
Courtwright, increasing the pay
e farmers institutes from $50 to $l0O
n pobart. making county the unit Il
3 rcadwork and providing for county Su
reryisor of roads; Hopkins, to satisf
judgments against the state treasurer
also to repeal the law in regard to vo
: cal music in schools; Langan. of Gin
IS ton. to create a state barber board: Blu
: chanan. increasing the weight of bush
, els of millet to fifty pounds; Sweele.
on conditional sales of personal prop
H. erty; Keagy, for appropriation for
e rescue home at Dubuque. $4,000; Cal
= derwood, to allow an increase of sala
RES 10 SS,UUU III ttI N''iA'iSs'
Moore, to increase the annual militar
appropriation.
Both houses adjourned to Monda.
- The subcommittee of the ways an
= means committee has not yet devise
any new way of taxing corporation
The committee has done little. becaus
J., Healey is away good part of the tim
l. The unanimity with which the railroa
h committee reported favorably til
l., Hogue bin TO prevent railroad compa
). Enies favoring the line elevators q
10 against the independent shippers an
a. the farmers who desire to ship the graf
J. themselves and load their own cars. wa
reassuring. The bill strikes out thu
part of the law relating to furnlshin
cars, which modifies the mandate.
N Ileayes it so the railroads must furnis
is cars when asked for. The railroad con
l. Ipanies will plead that this is hare
ir ship they ought not to bear. Even
re the bill becomes n law it is questionab
an liz the sourts will enforce it literall
But the senate committee on railroad