Evening times-Republican., 1902-02-13
Public Opinion on Iowa Subjects
as Reflected in the Iowa
Newspapers.
The News Of Iowa From Hun.
dreds Of Differeut Towns
and Communities.
MODERN ITCH.
washington Press. ]

1t takes the pension form. Some on
has bill in our legislature to pension
judges. Why? They ought to take tha
statesman TO the river and duck hin
thru the ice.
Some other skezix, in congress. ha
in q. bill to pension ex-presidents s25,
600 year. Why" Let them hustle lik
everybody else. Why pension presiden
tial widows. like Mrs. Mckinley an.
| Mrs. Harrison? They are rich. The.
need not be beggars, paupers loafers
Cleveland like the man he is. growls a
the fool who put in that bill.
| Why not pension the Sons Of Res
and the professional chairwarmers
They need money with which to Gallon.
or arnica the parts in contact.
When will the legislative fools die
out?
BANKS AS ADMINISTRATORS
[Council Bluffs Nonpareil]
Section /. That state and savings
banks. and loan and trust companies ir
existence or hereafter organized under
the laws of the state of Iowa, may he
appointed by any person, corporation OF
order of any court to act as receiver
assignee, guardian, executor, admins
traitor or other trustee. and such ap-
pointment shall be of like force and eff
feet as in case OF the appointment OF
natural persons, provided any such ap-
pointments as guardian shall apply to
the estate only and not to the person.
Such is the chief provision of an i'm
portant bill now pending before the
legislature. If enacted into law 1t will
afford an opportunity to secure one OF
the safest and wisest methods for the
handling of such estates. These finan-
cial institutions are so equipped and
managed that they are able to handle
such business in more satisfactory
manner than can the average individu-
al. 1t is right in their line of business,
and they are familiar with prevailing
conditions, opportunities for profitable
investment are known to them of which
the individual in some other line of
business may know nothing about, and
these institutions have many safe
guards against loss or fraud. Their Of
ficers and employees serve as checks and
guards on each other. Their machinery
for doing business is such as to mini
mize the possibility of mistakes or of
crooked deal. There are many advan-
tags's thus presented which make 1t
often desirable that such trusts should
be committed to their keeping
The bill does not compel the appoint
ment of such an institution and hence
there is left the same latitude of action
as under the existing law Instead OF
restricting privileges IT enlarges them,
and makes it possible to have an estate
placed in the hands of one of these re-
sponsible financial institutions instead
of left to the control of some individual.
1t Is simply adding another opportunity
for the proper acre of estates, and an
opportunity OF which many Will gladly
avail themselves feeling the same conf
dence which leads them to deposit their
money in a bank rather than in the
hands of private citizen The pro-
posed law simply makes it possible to
have these institutions serve as trustees
and administrators the same as indiyid-
ualsi.
bank thus acting ish by this pro-
posed law required to give bonds the
same as an individual in such cases.
and the funds, securities and properties
OF each trust must be kept separate and
distinct from others. and in other ways
the Dill provides for the greatest possible
protection. Hence there seems no rea-
son why the bill should not be passed.
as 1T offers so many advantages not now
afforded by the present laws.