Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-03-10
TAKING BANK STOCK
Robinson Bill Providing For
Assessment of State and
Savings Bank
TO PREVENT TAX DoDe'Ne
Supporters of the Measure Claim un-
der Present Laws Banks Escape
Paying Their Just Share of Taxes
Bill to Take Circle OFF Ballot Goes
to the Governor.
TO PREVENT TAX DoDe'Ne
[By Ora williams.l
EnecIal To Times RanuhliCan.

l.
| Special to Times Republican.
.Des M,nes, March 1O.-The house
yesterday for the first time got into a
| discussion on the question of assessing
bank stock. The Robinson bill was on
the calendar. This provides that the
stock of state and savings banks shall
thereof, whereit is individually owned,
the same as is the stock of national
banks at present The bill was eX-
planned and considered. Then some
questions were asked The bill excerpts
| loan and trust companies and nobody
could explain why this was done. 1t
was finally pointed out by Mr.. Teter
that there Is pending bill to change
the law so that national bank stock
shall be assessed to the banks as mon
eys and credits and to stop the prac-,
tice Of offsetting debts OF the stock
holders against the value of the stock
1t was stated that in the case OF ma
tional banks, as at present assessed,
and the federal law requires assess
ment to the individuals. there is much
escape Of taxation. 1t was desired TO
correct this and to prevent the lodging
of taxes. Under the Robinson Dill the
state and savings banks would be
placed on basis where it would be
much more difficult than at present to
make sure of the assessment OF the
bank stock In view of this tangle in
the matter the bill was referred to the
ways and means committee, where 1t
will be considered along with others
and some definite policy be recon-
mended for assessing bank stock.
The house yesterday sent to the gov
ernor for his signature the senate bill
taking the circle off the official ballot
in Iowa This means that the lazy
voter who wants only to vote 'er
straight by making one mark on his
ballot will have to learn new tricks
and become in fact an independent
voter The bill received rs favorable
votes and negative. The nine who
still would prefer the voting In the
circle sytem are Cassel, Christianson,
Epperson, Hambleton, McElrath, Mott.
Offil and Weeks.
The house showed the value of two
sessions day yesterday, by undoing
in the afternoon a part of that which
was done in the morning. The house
had sent to the table resolution
which provides for printing the rules
with list of members, ETC., and to print
a sufficient number to go into the reg
ular official documents. In the after
noon this was taken from the table and
passed, after it was explained that the
index for the official documents had
already been printed and, this would
have to be done over again If the regu-
lar order was changed.
In one Of the bills passed by the
house yesterday there was a provision
in regard to appropriations which, If
it becomes law, will make some diff
ference in the work on permanent i'm
provements at state institutions. This
is as follows:
1.-THE maximum amount named as
appropriations, made for support of in
mates or for pay of officers. or teach
ers, or for any other purpose whatever,
connected with the operations of any
state institution under the control Of
the board Of control of state institu-
tons, shall be available until used for
the purpose for which said appropria-
ton was made, but ON June 80, 1906,
and at the end of each biennial fiscal
term thereafter, the board of control
shall cover all unexpended balances in
to the state treasury, and the treasurer
shall set out in his biennial report a
full statement Of all amounts yet re-
manning une2pended, specifying the
appropriation of fund to which such
unexpended item belongs"
It is in the thought Of members Of
the legislature, not to force the entire
expenditure within the fiscal period, but
to require an accounting at the end
of each period, and to have the unex-
~ ny