Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-10-12
IOWA SAVINGS BANKS
Their Number Is Increasing
More Rapidly Than Any
Other Glass of Banks
PRIVATE BANKS LESS PoPuLA
AItho the Number Of These fnstitutio
is Greater Than Generally Believe
the Next Biennial Period Will sh
an Actual Decrease - Indictm
Against Publishers Dismissed.
pecial to 1'imes-Republican.


Special to Times Republican.
Des Moines, Oct. 12-The savings
banks are the popular thing in the fl
nancial circles Of the state OF Iowa, and
their number is increasing more rap
idly than the number of any other
class of banks. The last reports show
ed $50 savings banks in the state and
245 state banks. The latest reports OF
the banking journals show the follow
ing as the classification of Iowa banks
State and savings and loan and trust
companies, $40; private banks and
banking firms, 572: national banks,
24l; total, 1858. The forthcoming re-
port of the state auditor will show
that there was gain of eleven private
banks in two years in Iowa, while the
gain of state and savings banks was
much greater But private banks are
becoming less popular and within the
past week one has taken out a charter
for savings bank and four others have
applied for papers to become incorpor-
ated. The number Of private banks in
the state is still much larger than gem
orally believed. but 1t is regarded as
probable that the next biennial period
will show an actual decrease in num-
ber. None of them is in any city of
considerable size and private banking
can only be done with safety in the
smaller towns. At the same time the
proportion OF savings banks to state
banks is steadily on the increase. es-
pecially In the cities. The largest .wo
banks in the state, those having the
largest deposits on a straight bank
Ing business, are savings banks in Dav-
export and Des Moines. In Des Moines
of the twelve financial institutions just
half are organized under the savings
bank laws of the state. The annual re-
port OF the state auditor soon to be
issued, which viii contain the facts in
regard to ba&Is in the state, will show
that while the deposits In the banks
of the state at this time are not as
great as they were a year and half
ago. they are in fact three times as
great as they were six years ago. and
the business has Increased accordingly;
so that the banks report for the cur
rent biennial period will make most
excellent showing of financial prosper
ity.
The men Of the Iowa National guard.
those of the Fifty-fif regiment and
the details from other companies to
strengthen the regiment, are account
ing themselves exceedingly fortunate
In their opportunity to proceed next
week to Fort Riley to participate In
the army maneuvers with the regulars.
1t will be a new experience for the
guardsmen. Owing to the perfection Of
the organization of the Iowa guard,
which is certainly the best OF any state
of the midland region. the regiment Will
go to Fort Ridley fully equipped and as
ready for long military campaign as
the regulars themselves with two uni
forms to the men, camp equipage and
hospital outfit complete, the latest and
best arms and competent officers. The
Fort Riley program does not contem-
plate tha. the guardsmen shall do as
much work as the regulars They Will
reach camp three days after the regu-
lars are on hand. They will get their
customary drills next Monday. both
forenoon and afternoon. On Tuesday
afternoon the guardsmen will be given
a lecture for their special benefit by an
officer of the engineering corps of the
United States army on intrenchments
Tuesday evening both regulars and
guardsmen will be given lecture by
Col. Arthur L. Wagner, assistant adj
iutant general, U. S. A.. this to be for
officers only. Col. Wagner is the au-
thor of several military handbooks and
has been an instructor at West Point,
so that his lecture is looked forward
to with pleasure as something likely
to be very instructive. On four days
of the encampment the guardsmen Will
go with the regulars Of the entire Sec
ond division under Col. Bell. of Phil
ippine fame, and participate in man
euyers and problems" in the field and
engage In mimic warfare. The field
is an immense one and the division will
he able to march, If desired dozen
miles away from the camp over brush
land. hills and farms. Col Lincoln,
who will command the regiment, Will
be right at home in this work and
the adjutant general and the field and
staff officers are all putting In their
time brushing UP on every phase or
military tactics SO that there Will be
no hitch. Gov. Cummins says that he
expects flattering report on the con-
duct of the Iowa organized militia in
their first encampment with regulars.
The Indictment brought against the
publishers of the Des Moines News
in Jasper county on account of pub
lication of advertisements not up to the
postal department standard of proprl-
ETY.. has been dismissed and the case is
ended. There is no defense OF the
advertisements. which are bad enough,
and they go in most Of the daily news
but all who We're concerned in
1t felt that the grand jury of Jasper
was going little out of its
way when 1t undertook to dabble in
affairs in Polk county. The whole
matter grew out of a local newspaper
war involving advertising. Persons
who felt resentment over certain mat
ters published made an effort to Sc
cure indictments in Polk county but