Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-03-15
NOTES FROM THE CAPITAL


An extremely interesting provision
affecting the c. o. d. liquor business
in Iowa is included in the Weeks
liquor inspection bin which is now in
the hands of the house appropriations
committee. 1t doesn't exactly furnish
4 chance to stop the business, but 1t
provides that the state inspector of
liquors shall be furnished duplicate
bill of lading or express receipt show
ing the name and address of every
consignee of every package of liquor
shipped by express or freight May
be this will not stop the c. 0. d. bust.
ness, but 1t will be true that the lists
and records showing these names will
be public property and subject to
legitimate publication in the newspa
pers and elsewhere and there Is o
bare possibility that the persons who
receive this c. o. ID. liquor under
he protection of the United States
government will rather shrink from
publicity.
Senator Lewis of Page county has
introduced bill putting private
banks under state supervision. 1t is
said that the banking committee of
the senate is in favor of the measure,
though there are members who are
not. Senator Lewis defines the pri
vate bankers to be those VINO carry
on the business of banking by buying
or selling exchange, receiving depos'
its, discounting notes and bills. and
of loaning money without being In.
corporated. His measure provides
that no private bank may be estab-
lished in towns or cities under 5000
population with less than $4,000 paid
up capital; In cities of between 1905
and 5000 with less than $4,000 and
in cities of over 5000 with less than
$4,000. Nor shall they be permitted
to engage In business until they have
made a sworn statement by each per-
son connected with such business, as
owner or partner, setting forth: first
the names and places of residence OF
all persons interested as owners In
the business, all of whom shall be
residents of this state, and the amount
of capital invested; and second, the
name in Winch the business is to be
conducted and the place at which II
| is to be carried on; which statement
shall be acknowledged, recorded in
the Office of the recorder of deeds OF
the county in which the bank Is to be
located, and certified copy of such
recorded instrument shall be filed In
the office of the auditor of state; pro
vided, however, that in order to &C
complish a change in the ownership
CT private bank, it shall be neces
sary for all the partners of the new
bank to make and file in the Office OF
the county recorder of deeds and IL
the Office of the auditor Of state q
statement in form and manner requir
ed for establishing new bank.
The senate has passed its owl
substitute for house bill by Robin
son regulating the investment OF
funds of Iowa life insurance com
Senator Whipple of Benton county
and puts beyond all possible question
| the security Of the funds of all policy
| holders in Iowa companies. Iowa al
| ready had the strongest law Of AM
state, on the subject, but the new
measure strengthens that already eff
| fective statute. In the case of fund:
! of Iowa life companies loaned out
| side of Iowa, for instance, the securi
ties must first be approved by tho
| executive council. Municipal i'm
provement securities also must be APP
proved by the council before funds
l. i,,,y M Nd
law provides that Iowa life companies
may invest in the following securities:
Bonds of the United States; bonds
of Iowa and other states when al
par; drainage district securities; i'm
provement bonds of cities when APP
proved by the executive council;
loans outside of the state to be first
approved by the executive council.
The new law will also give Iowa com
panies the right to erect home offices.
The section relating to deposit of Sc,
curities of these companies with the
auditor of state also is strengthened.
The supreme court reversed the
Black Hawk district court. A. S.
Blair, judge, in the case of Bremen
county against the board of super.
visors of Black Hawk county. The
action was brought by Bremen coun-
ty to compel the supervisors of the
adjoining county to pay half Of the
amount to construct bridge across
the Shell Rock river. The two coun-
ties had agreed to construct the
bridge at cost not to exceed $4,000,
each county to pay half of the con-
struction cost. Later the supervis'
ors of Black Hawk county attempt
ed to rescind their action and Bremen
county went into court, asking for a
writ of certiorari Black Hawk coun'
ty moved to quash the writ and dis
miss the proceedings and the court
sustained the motion. The supreme
court, to which the case was then
appealed by Bremen county, now re-
verses the decision of the lower
court. The higher court holds that
the question is when two counties
acting jointly or concurrently have
provided for the erection of bridge
upon a boundary line between them,
whether 1t is competent for either
PARTY, without consent Of the voters,
to withdraw from agreement or re-
sc!nd its action. The statutes for
bid county from altering county
limo road without the consent of the