Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-02-05

Il
mand that legislation be enacted that
would put an end to the schemes. The
law requires that all persons or firms
engaged In what is known as the home
building business. or the sale OF shares
on installments and, payments on con-
tracts to mature at some time in the
future. be required to incorporate In.
Iowa under the building and loan laws
These lawsfare so strict that no COM
pany could do any of the home build
ing business under them. A tsst case
! was made in Bes Moires and one John
w. Brady was arrested for being agent
| Of one OF the companies engaged In.
the illegal business. The hearing was
before Judge Mcvey. and the law was
declared null and void. The statH ap-
| pealed the case, but the supreme court
has not got the arguments. The argu-
ment of the state In support OF the law
| has just been filed. The attorney gen
| eral points out that the law Is in keep
| ing with other laws of the state and
does not infringe any right Of any per-
son as to private contracts. Referring
to the contracts and the business done
by these outlawed companies. he says:
Associations OF this character are.
organized by men without money or
financial integrity for the sole purpose
OF defrauding their victims. under the
pretense OF enabling persons who In
vest In the scheme to obtain homes for
themselves and families. AS nearly as
results can be obtained from compu-
tations made by experts familiar with
the building and loan business 1t is ex-
tremely doubtful whether contracts en-
cred into will ever mature and pay out
In full: and II ia certain that they VIII
not do so in less than so or so years"
It can be said however, that whether
by reason OF the law or some other
reason, tho associations that were so
conspicuous two years ago in handling
this business have now practically all
gone out of business and even II the
|supreme court holds the law uncon-
stitutional it lis doubtful II there will
be any demand for some other law to
get at the same class OF companies.
number were organized here that
failed to make good.
The measure OF the state labor com-
missioner to secure uniformity In the
work of different labor bureaus and
for cooperation OF the different labor
bureaus with the United States bureau
was brought before the legislature to-
day In resolution introduced by Sem
ator Smith in the senate and Mr.. Bu-
chanan in the house. as follows:
Whereas the acts OF congress Of the
United States approved March 3. 1899
and March s, 1902, respectively. pro-
vide that in the year 1900 and every
ten years thereafter. there shall be a
collection OF the statistics of manu-
facturers: and. whereas, the collection
of the statistics referred to in said
acts extends to and includes the state
of Iowa, therefore the commissioner
of the bureau of labor statistics be
and he Is hereby authorized and In
structed to cooperate with the bur-
eau of the census of the United States
in the collection of said statistics and
assist in every manner possible. either
in his capacity as commissioner or
otherwise, in making said collection
a thorough enumeration OF the manu-
featuring industries of this state. And
the said commissioner of the bureau
of labor statistics is hereby authorized
and directed TO make any change or
of the schedules or meth |
DDS of tabulation now used by him. or
in the periods covered by his blen
nial reports and the dates of their
publication. which this resolution may
make necessary
Under this resolution. II passed. there
will be something approaching unifor
nifty in the work of collecting statistics
as between the United States work and
that OF the state. and as a result the
state will be able to get the benefit
of the more perfect organization of the
bureau at Washington.
1t is learned that the democrats of
lContinued on Eighth Pagel