Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-05-24
OPPOSE BRANCH BANKS
Iowa Bankers a Unit in Opposi.
tion to Branch Bank
Scheme.
Bushek to Take the Lecture
Platform.-Other Iowa
Comment.
Sharp Practice by Cyclopedia
Agents Among Elackhawk
County Teachers.
Special to Times s-Republican.

|
Des Moines, May 24.-That which in
;. terests not only the bankers of low;
J. but many others as Well is the question
of currency basis. The branch banl
!, question attracted some attention IL
J, the state convention just concluded
here, but really not as much as tn,
question of currency. The convention
showed that the Iowa bankers, with.
out exception, are opposed to brancl
, banking scheme which would place tn,
; banking business of the country in the
hands of a few large operators in the
financial centers. Equally the conven-
ton showed that Iowa bankers are op-
! posed to what is called the scheme OF
asset currency. Ex-Comptrolle1
Dawes spoke before the convention and
took ground diametrically opposite to
that taken by Gage and Eckles. Dawes
had the approval OF the Iowa conven-
ton. Yet he did not cover the whole
ground. During the convention MI.
! Dawes was asked few questions by
y
the conservative students of finance in
the state. When asked about it after
wards Mr.. Dey said:
did not desire to get into an ar
gument with Mr.. Dawes He gave US
an admirable paper, one which l lis
tened to with greatest interest, and on
every point l agree with him perfectly.
He spoke in opposition to plans which
seem 10 all of us to be fraught with dam
4 ger He showed the fallacy of those
| who would substitute new methods
| But after tearing down all theories he
failed to build up; and therein | WIS a
/ little disappointed in Mr.. Dawes. l
! asked him a question just to give him d
chance to state what he proposes in
place Of the present system; but APP
parently he has no plan, nothing to
suggest, no proposal as to what is to
follow. What are we to do for a cur
rency basis after the bonds are called
in? That is an important question. We
have not reached the dilemma, but we
Ire tending that way. Today bank
note ~ good allywEere. The janke .s If
today know nothing about redemption.
We who can recall the times when re-
demption of note was the thing con-
sidered at all times, realize that we
may be again confronted with that
problem. Today the government makes
the note good. asked Mr.. Dawes if he
proposes to enlarge the greenback and
treasury note system and place gold
back of 1t sufficient to insure redemp-
ton. He did not know. / do not know
But 1 should like to have had some one
tell us what we are to do when the
government bonds are out of existence
and we can no longer use them as
basis for our currency There is no
profit to the national banker In issuing
his notes. II is matter of convent
ence. But nobody cares what is the
condition of his bank or even whether
1t is in existence. The time is coming
when we must have some other way of
getting just as good a currency, and |
we can not begin to think about it and |
plan for it too soon."
But the Iowa bankers convention did |
not quite reach that conclusion and it
will be for others to discuss.
Theodore Busheck, one of those par
oled from the penitentiary by the GOV
ernor on Recommendation of the leg1s-
lature, is going on the lecture platform
to earn money with which to carry out
the agreement made to return to Hayti,
where he has a brother living. 1t was
supposed that Busheck would be able
70 Immediately go to Hayti on his re-
ease. 1t was represented that he had
money enough which he had earned In
he penitentiary. But when he was
earoled 1t was found that he had not
enough money to get out of the state.
md he asked time to be allowed to earn
he money. He expects to do it leclur-
ng. He has been earning some money,
'ut is not getting it fast enough The
that Busheck had money
vas strengthened by the. fact that a
member of the legislature was an
,roached and offered $500 if he would {
;se his influence for the parole OF
5usheck. He declined. But the in1n-
nee was used and the convict has no 9
money. Jack Ballew is at work in a
photograph gallery in Sioux City. The n
lnamosa Prison Press gives him long
jolly up" on his work. His place as r
rison photographer was taken by No fl
ak. Wesley Elkins is at work and is
arning money right along. doing odd F
obs in Mt. Vernon, where he lives He
going out among the people. taking %
part in Sunday school work, Epworth
eague Work, etc. He expects to take I.
p studies very soon and is reported to
e highly pleased with his surroundings D
nd prospects. BILLY" Young, of Sioux v
ity, has become coachman for James
Toy, the millionaire head of the
armers Loan and Trust Company
Id man Stanley was sent to Maine,
ut nothing has ever been heard as to
neither he got there or not. Joe Nc
rary is at work on a farm in Mills 5
,unty.
m
Assistant Adjutant General New al
an received a letter yesterday from w
man in Pellin, H., making inquiries NJ
bout one II. II. Williamson, who was la
opposed to have come to the encamp- al
ent at Des Moines. The writer asked th
at he be looked up and sent home hs
I the relief of his distracted wife th
nd the he come home and settle his w
He was not found here. fr
The fact has not escaped attention ba
at the new commission created by ar
W to examine the applicants for the by
II put I'D an examination so hard wi