Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-07-28
BANKS GROW POPULAR
Large Increase In the Number
of Both State and National
Banks In Iowa
A VERY LIVELY POLITICAL DUCK
Tom Way Not to BE Numbered Among
the Has Beens in State Politics
Plans for the Republican Campaign
Governor cummins to Lead-WiII
Make Numerous Speeches.
Special to Times Republican.

| DeS MONIES, July ES.-1ne DanRlHS
business has been flourishing in Iowa
the past few years and the banking
department of the office Of state audi
tor has become a very important one.
There are bank examiners out making
examinations practically all the time,
| five in all, and they find there is album
dant work among the banks. In the
past two years there have been organ
| ized total of 100 new banks, or an
capital in state and savings banks ag-
| gregates two million and a half dollars.
| The increase in deposits in the state
and savings banks of Iowa in the BIZ
ennial period just closed amounts to
over $17,T00,000, and these banks now
| hold an aggregate of over S132.442, 900
| in deposits. This enormous aggregate
Iof deposits does not represent all the
boardings of the Iowa people for there
are nearly $50 national banks in the
state and these have a larger proper
| tionate business than the banks or
ganized under the state laws. During
| the last biennial period nineteen banks
surrendered their charters from the
state, nearly all TO become national
banks. The increase in state and saw
| ings banks, however. has been much
greater proportionally than with ma
tional banks and these institutions op-
Grating under state laws are generally
more popular now than they formerly
lwere. The increase in the number OF
state chartered banks in the last pre-
vious biennial period was 90. A great
many of the banks have also increased
their capital stock the past few years,
but the majority of the new banks are
small ones in the farm communities Of
the state.
Preparations are being made for the
looming state campaign to begin a Ait
| tie earlier than usual On call of
! Chairman Spence the state committee
meet here today to arrange for open
| ing headquarters and beginning the
campaign. Inasmuch as this year the
campaign is strictly state campaign
| 1t will be conducted along lines a lit
tie different from that Of a year ago
when the congressman We're chiefly to
be considered and the state ticket was
only secondary matter. AS 1t was two
years ago this is to be campaign with
Governor Cummins as the standard
bearer and with him as the central
figure. The campaign will be largely
as he and others on the state ticket
desire it to be. 1t is understood that
Governor Cummins desires to take q
rest next month and be free from the
cares of his Office and from the la
bors Of a compaign. Then he will be iE
a position to make lively speaking
campaign in the fall and to support
the platform of the republican party
with all the vigor that is in him-and
that is good deal. 1t is probable that
preliminary to the campaign there will
be the usual arrangement of confer
ences In different parts of the state SO
that the officials of the state commit
tee may be got into touch with the
tounty committeeman and with local
candidates, especially those for the
legislature The speaking campaign
will be short. Governor Cummins will
make nearly as mani speeches as two
years ago, and there will be an abun-
dance of helpers. The speaking bureah
will probably be in charge of A. r.
secretary to Senator Allison, as 1t has
been the past two or three campaigns.
Mr. Dawson has shown himself to be
the most capable man at this work
the committee has ever found. The
management of the campaign will be In
the hands of an executive committee
and a finance committee and nothing
will be done except on orders of these
two important committees. This has
been found to be the most acceptable
way Of managing campaign.
Apropos of some recent discussion
in the papers as to whether Hon.
Thomas A. Way, of northern Iowa, Is
or is not politically dead, and why and
how he died il he is dead, and how lie
is alive, If that be his condition, a
story comes from the north that is in
teresting. 1t is to the effect that In the
recent sharp contest in the Forty third
senatorial district, tom" Way was not
by any means an idler, that 1T was Way
who arranged the conference in the
Twin Cities between Governor Cum
Minis and A. H. Gale, that the interview
and conference was mutually satisfact- !
DRY, that this preceded the movement TO
make Mr. Gale the nominee for sena-
tor, that in the preliminary canvass
for senator it was Way who made the
deal so that Hancock county would be
sure to be for Gale, If a Hancock coun-
ty man could not win, that Way ad-
vised all who came to him that Gale
would be perfectly satisfactory as a
candidate for senator, and that he Was
in close conference in fact with the |
men who pushed the Gale candidacy,
and that he declined to go on the dele
cation to the senatorial convention be-
cause it would jeopardize the chances
of Gales success and would be poor
politics. In short, when the surface is
scraped over, it is found that Way had
a great deal to do with politics In |
northern Iowa, and the making of
number Of nominations this year AL
the same time Way is devoting himself
to business. This statement is given
some pretty conclusive confirma ton
by reason of the fact that Way has not
been doing anv exnlainin9. while The