Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-11-25


| insurance companies
The commissioners adopted reso-
luton to the effect that they did not
believe the present market quotations
are a fair representation of the value
of securities SO listed under normal
conditions.
The resolution included Il statement
Of the belief on the part of the COM
missioners that they regarded the quo
tations of last year more nearly rep
resent the actual value of the securi-
ties.
1t was recommended to the insur-
ance companies that they disregard the
market quotations and value the Sc
curities according to their actual
worth.
This matter doesn't affect Iowa
None of the securities held by Iowa
insurance companies are of q kind af-
fected by Quotation in market quota
tons.
1t is believed that all of the insur-
ance commissioners will indorse the
decision of those who met in New
York. Auditor Carroll is vice presi-
dent of the association of commissions
ers and was called to the conference
by the president.
Il had very little time to give to in
quiries concerning politics. said the
auditor last night. There is a very
definite line between those who are OPP
posing the president and those who
favor him. No stranger can estimate
the situation accurately during a cur
sorry visit when political talk was pure
ly incidental.
There is a feeling there that the
banking situation has much improved.
The people in the east were much more
disturbed than they We're here, owing
to distrust of certain eastern institu-
tons. Runs have all stopped. however,
and the conditions are much improved.
heard no definite opinion, however, as
to when things may be expected to
open up
1t was stated yesterday that
the trouble between the coal
miners and the operators in
the Des Mones district would prob
ably be adjusted today and work re-
suned tomorrow. Only part of the
miners objected to being paid with
half cash and half clearing house Ger
tifcates but the number is sufficiently
large to cause serious inconvenience
should the resumption OF work be de-
layed any considerable length of time.
1t Is expected that John p. White,
president of the united mine workers
of the Iowa district. will be here today
to go over the matter at conferences
Of the miners, who baked on the new
plan and the operators affected.
Meanwhile, it is said that the oper-
ators will make a final effort to secure
sufficient currency to pay all of the
miners who objected to the clearing
house certificates in full in place of
cash 1t is believed that most of them
can secure considerable currency from
firms doing a retail business and who
have taken in considerable real money.
In case the operators do not succeed
in securing sufficient currency in this
way that a special meeting of the Des
Moines Clearing House association will
be called to take steps to relieve the
situation.
If the troubles Of the miners who
have quit work can be adjusted quick
ly, 1t is believed that there will be no
further difficulty If the currency
strngency is not relieved by the next
pay day two weeks hence, and the
bankers generally expect that it will
be, the miners who have taken the
clearing house certificates will have
discovered that they are just as good
as gold. This, it is expected. will also
show the other miners their folly in
Directing to them.