Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1904-02-25
BANKERS
TO TALK
OWNERS OF PRIVATE INsTlTu.
TloNs WILL CONSIDER BILLS
BEFORE LEGISLATURE.
FERRET BILL POPULAR
Friends of the New Measure In.
troduced by jackson, of Wood
bury County, Give Reasons for
Supporting 1t.
IBY LEON BRoWN.l

-. ~
[BY LEON BROWN.l
Des Moines Bureau of the Courier.
Des Moines, Feb. "a.
The private bankers will be heard
before the house committee on banks
and banking Thursday afternoon.
They will speak on the Calderwood
and Sankey bills which are designed to
apply to the private banks of the state
all of the law now relating to state
and savings banks so far as examina-
ton by the auditor of the state is con-
cerned and the publication of state
ments by that class of institutions.
There are number of private bank
ers in the legislature and they have no
opposition to a reasonable measure al
fecting their business. Some of them
think that the Calderwood bill is a lit
| tie more drastic than is necessary. Mr..
Caldcrwood runs bank but it is
state institution and not private.
1t is understood that Mr.. Calder
woods bill is the sense of the state
bankers of the house with reference
to the subject. OF course practical
| ly all the state bankers have interests
in private banks and any law which is
proposed will affect them, therefore,
just the same as if they were not in
terested more particularly in the state
savings banks of their communities.
A large number of private bankers
will attend the hearing before Chair
| TT. d1u NJ 1r
Head, himself is interested in five
private banks. He is principally con-
nected with state bank at Jefferson
but has chain of private banks in
smaller towns in the territory
Tax Ferret Bill Popular.
The Jackson bill for the repeal Of
the tax ferret law is meeting with gen
eral approval among members of the
Legislature who have given the matter
attention.
That the tax ferret business was a
1 good thing once is generally admitted
among the members. That it's VIC
tins now are almost exclusively
women and estates and old people who
are trying to eke out an existence on
! the interest of few thousand dollars
4 saved by hard toll and who are no
/ longer able to work, is claimed by the
friends Of the bill.
i Besides that it's has driven lot Of
moneys and credits out of the state.
1t is commonly understood by business
men that men of large means who
have a large surplus of ready money
on hand will not deposit in Iowa banks
but send the money to Minneapolis,
Kansas City, Chicago or elsewhere,
where it will not be subject to taxa
ton.
Exemption of Moneys or Credits.
In this connection it is notable and
interesting to learn the extent OF the
/ sentiment in favor of exempting mon
/ eys and credits from taxation altogeth-
/ er.
Wages of Street Car Men.
Among the inquiries directed to the
candidates for legislative position in
4 Clinton county last summer was one
\ relative to the hours and conditions of
employment of street car wage earn
ers, especially respecting the. attitude
i of the candidates as to law to fix
these conditions.
4 Theo. M. Christensen was one of the
members elected being republican
and defeating the democratic candi-
/ date for the nomination because of the
strong support given him in the city
of Clinton by the laboring people.
\ Now it is said that Mr.. Christensen
has been giving some consideration to
the proposition OF a law fixing the
hours of labor and conditions of en-
ployment of laboring people who are
working for street car companies.
| Nine hours of course is the regulation
day. 1t is said that in some of the
cities of the state drivers and motor
men are still compelled to stand upon
open vestibules during the winter
! time. 1t is said that if a law along
this line is proposed it will be with
the addition that vestibules shall be
provided during the winter months.
The vestibule question was raised in
the legislature several years ago, the
| attention of the members being called
to the evil by reason of the fact that
, they rode to and from the state house
on street cars on which there were nc
vestibules. The agitation was dis
lposed of very quickly when the local
company built vestibules on it's cars
They work extremely satisfactorily
They cost about 81 each. Members OF
the legislature cannot believe that
there are cities in the state Iowa
where vestibules are not required OF
furnished to workmen.
Three Cent Fares.
The talk about a three cent fare fol
street car lines has died out. In some
of the cities a four cent fare is. pro
vided at certain hours. Tickets are
sold here six for quarter or practi
cally four cents ride, good at all
times. If the legislature acts in the
matter at all it will be with reference
to hours of employment and the vesti