Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-12-23
Cattle Feeders and Shippers OF
Iowa May Secure Large Sum
For Overcharges
LIVESTOCK EXCHANGE REslsTs
Refund Of 81 Per Car Asked and Pros
poets Favorable for Securing It -
Some Individual Claims Amount to
as Much as s70o-Meat Producers
Association Backing Claims.
specia, to T,mes-Republican.


Des Moines, Dec 23.-Fully half
million dollars will be paid back to
cattle feeders and shippers of Iowa
IL the claims on file for excessive
charges in switching at the Chicago
yards are paid, and there is every in
dication that they must be paid. The
claims of single cattle feeders In some
instances amounts to 500. Credit for
the recovery of this money and for
getting the switching charge cut down
from So to 81 a car is being claimed
by the Corn Belt Meat Producers and
who dispute the claims of the Chicago
livestock exchange.
cars OF live stock go from Iowa every
year to Chicago. For switching this
stock from the terminal of the road to
the stock yards the terminal railway
charged 50 9 car. The farmers and
stock men generally claimed that this
was excessive and back in 1900 the
Chicago live stock exchange started
suit before the interstate commerce
commission to have it cut down to 81.
The commission made the order but
at that time under the old law the
commission had no authority to en-
force it's orders and the road con-
tinued to charge it's 81 a car.
After the new rate law went into
effect the suit was reinstituted and
was won again but this time the COM
mission has authority to enforce it's
orders and on al. shipments for the
five years preceding August rs, 1907,
there is to be refund to the shipper
Of 81 a car.
After the live stock exchange. of
Chicago had started the suit 1T laid
down. according to the claims of the
shippers and didn't press the suit and
it was about to be lost. The Texas
Cattle Growers Association and later
the Corn Belt Meat Producers Asso-
citation came in as intervenors and
finally got the suit thru to success
full termination. Now they claim the
live stock exchange. which is an or
ganization Of the commission men of
Chicago, is claiming credit for the
whole thing.
After the suit had been won in be-
half Of the cattle feeders the work OF
getting refund of the excessive
charges paid was started. It was then
necessary for most Of the farmers OF
the west to get the number of cars
they had shipped and the dates from
their commission men before they
could file their claims. In spite Of the
order of the interstate commerce com
mission that these claims must be
filed before August %, 1907, the COM
mission firms in many instances wrote
back to the farmers that they would
look after the matter for the farmer
Then they proceeded not to look after
it and many of these farmers have
now discovered that their claims are
in too late Some Of the farmers
insisted on getting the number of cars
and dates and filed their own claims.
Where they got in before August 2S
they will all get a refund of 81 for
every car they shipped during the
five years preceding. 1t is estimated
that there have been 100000 cars a
year shipped from Iowa alone for the
past five years which will make $780,
900 due the feeders Of Iowa. In addi-
ticn the cattle men of all the other
states shipping to Chicago are entitled
to the same refund.
in Iowa and the territory adjoining
this the Corn Belt Meat Producers
Association has been looking after the
filing of claims for the members Of the
association.
Iowa banks are in fine condition ac-
cording to the statement issued last
night by State Auditor Carroll. 1t is
based on the replies to the call sent
out a short time ago and takes in the
state and savings banks and trust
companies on the close of business
December 3.
There has been an increase in de-
posits of more than $1S,000,000 in the
state and savings banks during the
past year since the official statement
of November II.
Deposits decreased between the last
preceding statement made August ~
and the statement of December 8, less
than s1OOO0,000, which is less than
5 per cent of the total deposits on the
former date.
Half of this decrease was due to
the transfer of it's commercial business
,)y the Des Moinese Savings bank to
it's consolidated new Iowa National
bank, so THAT the decrease in deposits
in the Iowa banks from August % to
December 3 was only about two and
one half per cent
This remarkable statement surprised
the public officials who have been com
piling the reports from the state and
savings banks for it had been sup
posed that the deposits had fallen Off
very much more.
The surprise and qualification of the
auditor were augmented by the fact
that the reports showed reserve or
eighteen and one half per cent in the