Omaha daily bee., 1902-10-17
FARM PAPER UP At AUCTION
Iswa Hsmsstsad ssld Under the Hammer
fer Sl62.0l0 in Cash.
SPIRITED BIDDING BETWEEN PARTNERS
Court Decides bank Taxing Case
Attempt at Murder i'm Des
MoInes-POIitical Onfer
ence Held.
From a stan Correspondent

~ ANAA n 49,
DIES MONIES, oct. 1~6.-(Special. Com
missioner William Achison today sold at
public auction the property Of the Iowa
Homestead, a weekly farm paper, one Of
the Oldest in the west, together with the
Wisconsin Farmer, the Kansas City Live
Stock Indicator and other properties con-
nected with the Homestead, with the real
estate and a four-story brick block and
well equipped plant. The sale was made
necessary by the failure Of the partners TO
agree. The property was owned jointly by
James NJ. Pierce, business manager, and s.
+. Stewart, advertising manager. They
formerly had Henry Wallace as a partner
and editor but he retired some years ago,
and after a great deal OF litigation the
supreme court finally ordered the property
sold for cash, that the whole matter might
be cleared up. There were only two bid
ders, Pierce and Stewart, and the bidding,
which started at $65, 900, moved UP to $780,
01O before Stewart quit and allowed Pierce
to get the property. The employees of the
Homestead, sixty in number. were present
and broke into great applause when their
employer bought the property. They we're
prepared, IL Stewart bought the property,
to all follow Pierce at once to another Of
fee where another weekly paper was TO
be taken over. 1t was the most consider
able auction sale Of a newspaper property
ever held In the state.
Attempt Mt Murder.
Mrs. Martha Winters, who lives on Grand
avenue and Thirteenth street, is in Jail ac-
cused Of making an attempt on the life Of
Mrs. Harvard, colored, who lived in the
same neighborhood. Trouble arose over the
q~uarrels of the children of the vicinity, ac-
CELEBRATED by the fact that some of them
were colored and some were not. This
morning the trouble became acute and 1t is
alleged by the prosecution that Mrs. Win
tiers procured a gun and shot twice at Mrs.
award. The only effect was to Brighten
all the people of the vicinity and TO create
great excitement. Mrs. Winters refused to
make any statement.
DR.. H.. Spaulding Of this city is on trial
at Winterset accused Of having caused the
death Of a young woman of Madison county,
a Miss FrebeTg, by means of a criminal
operation. Frank Crow of Madison county,
was also indicted for participation in the
crime. DR.. spaulding claims that he had
nothing whatever to do with the case. The
woman CAM toADes Moines and was here
some time but nothing was known Of the
case until some time after, when she had
returned to her home and died.
General Drake L. Worse.
Information was received from Center
vile today by Mrs. Kirkman, a sister OF
General F. NJ. Drake, to the effect that he
is worse today, and that he is in fact a very
i'll man. Mr.. Kirkman has gone to Center
vile. His relatives here fear that he will
not recover ard that the injuries are more
than at first reported. There is great in
terest here especially among the members
Of the Christian church. as he was one Of
its most generous givers and most con-
spicuous men. He had attended several of
the great conventions of the church and
was always in attendance at state conven-
lions.
-'OIiticaI Conference.
John P. Reese of Abba, democratic can
didate for congress in the Sixth district,
and G. W. Cullison Of Harlan, democratic
candidate in the Ninth district, were in
the city today and held a conference with
the state committee and some party work.
ers. Mr.. Reese was until recently the pres
ident of the District Association Of Min
Workers. He is now d~evoting his entire
time to the canvass in his district. It is
claimed for him that he is making a vigor-
GUS campaign. He reports having had good
meetings in the. sdistrict. The democrats
are not very active at headquarters In this
city. The state chairman has been here but
a small part OF the time and the committee
Is without funds. Judge Wade and ex-Gov-
ernor Boies are practically conducting the
campaigns In their respective districts un
aided. A few days ago Samuel Alschuler OF
Illinois, delivered some speeches in tho
Third district for Boies. He is the only
speaker from outside the state who haa
been used.
Bank Taxation and Bonds.
The Iowa supreme court this morning re-
fused to accept the conclusions Of Judge
Smyth Of Burlington in the matter Of al
lowing banks to deduct from their capital
stock the United States bonds held as q
part Of the capital stock, before assess
ment is made for taxation purposes. TIL
German-American bank at Burlington had
protested against the action Of the Board Of
Review In declining to deduct 800, 900 IN
bonds from the assets Of the bank as moi
taxable before making the assessment. TIL
plan Of assessing was to assess the entire
shares Of stock to the bank as a whole
Judge smyth ordered the deduction, but the
supreme court today declared this was al
wrong and the board was correct. "Thls
method OF assessing and taxing" said tbs
court, in the opinion prepared by Judge
Sherwtn, "the shares OF stock of banks wal
: undoubtedly adopted for convenience ant
for the purpose of reaching valuable pro,
perty which might otherwise escape III
| Just share Of the public burdens and doei
not in our judgment compel paymen. o
the tax by those who do not own tn,
property" AS the shares OF stock arr
taxed to the bank as a whole the cour
says It was improper to deduct the vaIuI
OF the government bonds therefrom in ar
, irving at their value.
The Decisions.
The following are the decisions of tn,
= court today:
]. A. Morrison against Chicago & North
western Railway, appellant; Marshal
county, Judge Caswell; damage case; al
German-American Savings Bank of Bur
lington against City of Burlington, appel
liant; Des Moines county, Judge Smyth; as
sessment; reversed by Sherwin.
James Davis against r. M. Slitor. appel
- liant; Allamakee county, Judge Hobson; &C
ton oil note; affirmed by Weaver.
. State against George Wright. appellant
I Muscatire ounty; affirmed by the court.
Thomas Todd against Albert Short, appel
liant; VanBuren county, Judge Sloan; note
" aflrmed by the court.
n Wilson & Jacobson against Morse I
Clark, appellants; Poweshiek county, Judg
Dewey; affirmed by Deemer.
Kennedy Bros. against Iowa State Insur
ance Company, appellant. Pocahonta
I aUHA a. A. a. -. a. -