Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1903-05-21
NOTES FROM THE CAPITAL
Des Moines. NAV 16. 1Q03

Des Moines, May 16, 1908.
The building and loan business ID
rapidly dying out In Iowa, as reports
to the building and loan department
of the auditors Office indicate. Audi.
tor OF State Carroll says the associa.
lions are rapidly closing out their
business. Inquiry at the Office Of Sec.
rotary A. III. Dawson Of the executive
council discloses the fact that for a
number Of months, In fact nearly two
years, no new association has been
authorized by the council to transact
business In Iowa. The reasons for
this state OF things are not far to
seek. The legislation of the Twenty
eighth general assembly knocked the
bottom out of the business. The law
passed then provided the amount OF
premium and interest charged by such
associations should not exceed per
cent per annum. Under this restric-
tion the business ceased to offer the
inducements to promoters that exist
ed when there was no limit on the
premium and interest that might be
charged. Loss of confidence on the
part OF the public In building and loan
business and cheap money are also
ascribed as strong reasons for the de-
cline OF the business. There are but
about rs associations now transact
Ing business In the state. How rapid
"A decline this has been In five years
is illustrated by the fact that in 1898
there We're 81 domestic local associa-
tons In the state and 20 domestic.
aside from the foreign associations
that were transacting business here.
According to the Kindergarten An
nual," which has been received at the
Office of Superintendent Barrett, and
which contains list of all the active
teaching undergraduates In the Unit.
ed States, Des Moines is the center for
Undergraduates In Iowa II has the
largest number by far of any city In
the state There are total OF 3S ac-
tive undergraduates here; Council
Bluffs comes next with 20; Oskaloosa
Is third with IA; Dubuque has IL:
Creston, 8, and Marshalltown, z. The
number In the profession does not
at all keep pace with the size OF the
cities. as Cedar Rapids has but four,
Davenport but and Sioux City but
2. On the whole, however, the state
of Iowa averages up well with the
other states. There are two associa-
lions In the state concerned In kind
ergarten work. They are the Des
Moines Froebel association and the
Davenport kindergarten association.
Governor Cummins has authorized
the offer of a reward of 5000 for the ar
rest of George Matheson, the young
man of Pottawattamie county, who
shot Deputy Sheriff j. G. Baker at the
town of Weston, when the officer was
making an arrest OF Matheson. Math-
eson liz handsome young man ID
years old with blue eyes and light
brown hair, feet inches high, weigh
ing $50 pounds. The sheriff Of Pot
tawattamie county Is making every
effort to locate the fugitive. and APP
pealed to the governor for this offer OF
reward, which was readily granted
A contract has been signed by Mr..
d. Chamberlain and Benson h Marker
for the construction of the Chamber
lain hotel at Seventh and Locust
streets The contract calls for a six
story and basement building. to be
made absolutely fire proof, and Is to
be completed by December. The
statement is authorized that the
building, completed, will cost 5000 900.
The National Cash Register com
pany has begun suit against the Hall
wood Cash Register company and X.
A. Boulding, local sales agent for that
| concern, for 10000 damages, because
| Mr.. Boulding in circular said to
| have been issued and circulated In
| Lake City, Baxter and other Iowa
towns since last September, has
charged the NaSonal concern with
being a trust. The National people
say that there Is a determined preJu.
dice against trusts In Iowa, and being
called one Injuries their business.
The merging OF the National Life
and Trust company OF this city with
the National Life Insurance company
will raise the whole vast question OF
the worth of the Iowa law on the de-
posting OF securities with the auditor
of state. January | OF this year the
National Life and Trust company had
on deposit with the auditor OF state
the sum of $764.000 In securities. IL
had practically this amount on deposit
at the time of the merger. The ques-
ton that will now arise will be whether
these securities can be withdrawn
from deposit. In effect, the National
Life and Trust company has lost its
identity and passed out OF existence,
and the business will be carried on by
the National Life Insurance company.
a non-Iowa company. Under the law
non-Iowa companies are not required
10 secure their business In the state
| by depositing here, and 1t Is expected
that National Life Insurance company
| will insist on Withdrawing the securi-
ties. II is also expected that Auditor
of State Carroll will not permit the
securities to be withdrawn, but VIII In
sist on them remaining on deposit in
his Office as a protection TO the Iowa
people who have taken out policies In
the National Life and Trust company.
Several cases of rabies having de-
veloped in Des Moines the city council
has authorized a wholesale slaughter
OF dogs.
The supreme court upheld tax
ferret contract in Pottawattamie coun-
ty in which the county agreed to pay
so per cent OF collections. The case
was on contract made before the
new law limiting fee to Is per cent
went into effect The contract was
with one Cunningham, and he was not
only to discover taxes but collect them.
A taxpayer tested the case In the
courts, and 1t is held that there was
nothing to show that the percentage
allowed was unreasonable.
when a woman wishes to retire
from the world" says the Manayunk
Philosopher, "she enters a nunnery.
All a man has to do Is to marry a