Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-05-09
WILL INCREASE
STATE 5 INCOME
Practically Agreed That Two
Per Cent Will Be Paid on
Bank Deposits
FEARS WERE NOT REALIZED
Contrary to Expectations, the Action Of
Leading Des Moines Bankers Has
Made II Certain That an Agreement
Will Be Reached-WilI Pay Iowa Ma.
tionaI Guards Debts.

Slug Page Two
Special to Times Republican.
Des Moines. May 9.-The state Of
Iowa will soon be securing an addition
to it's income fron the payment of in
terest to state on the monthly balances
on deposit in Des Moines banks. When
the legislature put this requirement into
law about six weeks ago 1t was anti
ctpated that arrangements could be
made in a few days looking to fixing u
rate of interest. This was made im-
possible from the fact that Governor
Cunmins was i'll and could not give
the matter attention. It has been de-
layed TO this time because of his ILL
ness. But the past week several meet
ingS OF the state executive council have
been held and the matter informally
considered. Members of the council
have made some investigation and the
banks have taken UP the matter. and
while no formal negotiations have taxi
en- place it is now virtually agreed that
a rate of 2 per cent will be paid the
state on these balances. It was feared
that movement might be started by
some of the bankers to make positive
refusal to pay any interest; but some
of the leading bankers have led off and
make 1t certain an agreement will be
reached. 1t means monthly addition
of upwards of $4,000 to the state treas
ury without any other change whatever
in the method of doing business for
the state and caring for it's money.
Governor Cummins states that he an-
ticipates no trouble in making the ar
rangements.
The state money Is all kept in the
Des MOines banks save what is need
ed in current business at the state
house. This balance amounts to over
million dollars at all times, and it,
is counted In the deposits OF the Des
Moines banks. At the same time the
Des Moines banks have immense de-
posits and the banking business APP
pears to be gaining rapidly. One big
bank makes a report under the last
call showing over half million dol
lars increase In deposits since the last
previous call. The increase for the
state and savings banks In three
months has been over million dollars
in deposits. Bankers report that mon
ey is now more plentiful than for a long
time and the deposits are pfling up to
the embarrassment Of the banks.
Des Moines bank started last fall now
reckons up nearly 100000 in deposits.
Another bank is being organized and
will soon be ready to open. Reports
from over the state show similar
prosperous condition everywhere.
The predicament Of the Iowa national
guard of last year in the matter of drill
pay and other expenses will not occur
again. The last legislature appropriat-
ed $4,000 for deficiency appropriation
to. pay UP debts of the guard. The
companies have been too extravagant.
Now Gen. Byers has issued an order of
sweeping effect which will have ten-
dency to prevent waste of funds. He
requires that drill pay for the guards
men shall be computed on time actually
spent in drill. 1t will prevent thrifty
young men from reporting for drill ana
then stepping out of the ranks. Their
actual time must be recorded in hou's.
1t is believed that this will result in
of the discipline of the
guard and make drills more effective,
at the same time reducing the expense.
The same order places the maximum
of strength OF enlisted co1nmen to
company at SO. No maximum has been
fixed before and some of the compan' es
were running far above this. Tht Sc
orders are the result of recommenda-
tions from the inspectors who have
lust visited the companies In the stat
While the wage scale of the miners in
Iowa fields was settled in satisfactory
manner at the conference held in this
city not all of the miners returned to
work. Some of the miners refused to
accept the terms which were agreed
upon and at Mendoza and umonville,
in MissouH, which is a part of the Iowa
field or District No. 13, the miners W INT
on strike. The head officers of he
mine workers have suspended all the
strikers for refusal to return to VIC rk.
johnson Brigham, state librarian,
calls attention to the fact that recent
changes In the book business have led
to enormous reductions in the price OF
so-called "remainders," or books that
have been on the market for a year or
two and have not proved as good SELL
ers as anticipated. Among these
books there are many that are of Ier-
manent value and desirable in public
library, and Mr.. Brigham has been
given authority to make purchases. of
such for the state library. The steady
additions to the state library arc
chiefly of such books that the public
finds it hard to secure and it is gr,w-
ing at a rapid rate.
DR.. James A. Gibson, formerly state
who is travelling over the
state and has abundant opportunity
for investigation, states that in s,ne
parts of the state where the wet seas
ons Of the past two years have caused