Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-09-21
After Jan. l a Surtey Company Will
Back Treasures Bond.
Deposits in Bank VIII BE Regulated by
the Board and the Banks VIII
Pay Interest on Deposits.

County Attorney L. +. Harrington
appeared before the board of super
visors yesterday and presented the
resolution appearing below providing
for a new departure in the matter OF
bonds for the county treasurer. His
proposition covers three points: first,
that the county and rot individuals
shall provide and pay for the surety
of the county treasurer's bond, second,
that the depositing of the surplus
county funds shall be under the direc-
ton OF the board, and third, that the
banks shall pay to the county a, rea-
sonable interest on county deposits.
The county board and the treasurer
are to be the parties representing the
county in settling the interest rate
with banks desiring deposits of county
funds Following is the resolution
adopted:
BE 1t resolved by the board of SUI
pervisors OF kossuth county, Iowa,
Tha, the bond of the county treasurer
of kossuth county for the two years
beginning with the first Monday in
January, 1904, be fixed at one hundred
and fifty thousand dollars ($150.0000),
and that any association or corporation
which does the business of insuring
the fidelity of others, and which has
authority by law TO do business in this
state, shall be accepted as surety upon
said bond; and that sufficient amount
be appropriated out of the funds of
kossuth county to pay for said bond
at the lowest obtainable rate, and from
and after the first Monday in January,
1904, the funds of kossuth county be
deposited in such bank or banks. and in
such amounts. as shall be fixed by the
board of supervisors, and at such a
rate of interest as said banks and
county treasurer and board of super
visors may agree upon, .nder the con-
ditons and regulations as provided in
section 1,457 of the code of Iowa
The actual cash in the treasury on
Jan. / of the present year was $685.
22743. and the amount deposited in
of June the cash balance was s73,-
966.45. and the deposit in the banks
was $61.S20.92 1t would seem as tho
an average of somewhere near $4,000
might be anticipated. The interest on
that sum at 2 per cent would be $1,000
per annum, and the cost of the bond
would likely not exceed $500.
The other Saturday evening the wri-
ter walked by the doors of a prominent
savings bank In Marshalltown. To his
surprise he saw the room crowded. 1t
was an unusual sight (tc HIND to find
a bank open at 1880 p. m. Whats the
matter in there" he asked of a COM
panion. Nothing, only the usual Sat
urday night crowd depositing some of
their weeks wages. They have to keep
open every Saturday night" was the
reply And the strange thing was to
watch the crowd and see every one
handing in money and not cent
drawn out, at least While we watched
the crowd. Probably this kind of bust
ness is going on every Saturday night
in all OF our cities, bat it suggested
several things to the LookerOn. who
always has found time TO deposit dur
Ing the day time.
The amount of damage done to Iowa
trade by the last four months of no
corn in Iowa this year. talk can hardly
be estimated. 1t has been the universal
subject of conversation everywhere.
Merchants talked it till they frightened
the customers into buying just as little
as possible. Blacksaniths kept 1T up Till
every farmer concluded to hang on to
what money he had and to pay his
backsmiths bin next year. or some-
time Travelling men mentioned the
poorest fields they saw n their travels
and this induced the merchant to re-
fuse him an order "till after l see how
The corn crop Will pan out Hotel men
sat out on the porch and told the trav-
ling men that this county wont
raise quarter OF crop this year.
sir and thus induced the knights of
the grip to pack up and get out of such
a God -forsaken country There's more
truth than poetry In tbs last state
ment. In the last eighteen years the
writer has never known of the hotel
trade of the state being SO light as at