Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-01-25
Changes in Laws Necessary to
Prevent Driving Them Out
Of Business
TAXATION METHODS OBNOXIOUS
Savings Banks Not Permitted at Pres
ent to Borrow From Other Banks -
War on Obnoxious Weeds-Patent
Medicine Makers Must Engage in
Battle Royal to Save Business.
pecial to Times-Republican.

| small bankers ana DuSlAeS9 AAiSAA -
state. The legislature is to be appeal
ed to on this score. 1t will be showf
that unless there is some Legislation
releasing the savings banks from soln'
Of the bonds that hang upon them th'
savings banks will disappear.
There are a great many more savings
banks in the state than Of banks or
ganized under the state bank act or tne
national bank act. They are the small
banks of the state, for they may Of
organized with only $4,000 capita
stock issued. The original idea OF tllf
savings bank as sort of mutual saw
inrs association for the investment O
the savings Of many has disappeare q
and in fact the savings banks engast
in ordinary commercial business AM
fulfill all the responsibilities OF stats
and national banks.
Recently the decision Of Judge Evans
in the case involving the Corning
Savings bank, disclosed the TACT tnat
savings bank cannot legally porroM
money, especially from another pans
and this situation leaves the savings
banks with nothing to do but invite
savings deposits and invest them wen
IF thew cannot transact business witt
other banks they are not capaple o.
doing a general banking business. Ine
legislative committee of the state
Bankers Association is preparing plAs
to repeal that section Of the banking
laws which thus limits the work o.
savings banks.
The savings bank people also desire
change in the law SO as to permit
the bank to engage in ordinary trans
actions with one Of its own directors
so that il he desires to borrow money
from the bank and has the collateral
he can do so. Under the law he CAN
not. Another matter before the conf
mittee relates to the rejorts which are
required to be made and be pub
lished. The bank must publish the
names of banks which are holders Of
its funds and the amounts. and TINS
sometimes brings on unnecessary EN-
barrassment. They do not object to
the state auditor and his examiner
having this material, but they do o',-
ject to publishing it. They also desire
to have stricken from the report the
details Of transactions in which the d.
rectors are interested.
The savings and state bank owners
also feel that there is serious injustice
lin the matter Of taxation. They are
taxed on the shares of stock and there
is no escape, while in the case of ma
tional banks the shares are assessed
to individuals as moneys and credits
and he usually offsets their value by
claimed debts
It is pointed out by the savings bank
people that unless some Of the restric-
lions placed upon savings banks are
removed and they are placed more
nearly on a footing with the state and
national banks, they will be driven out
Of business and many small towns will
be deprived Of all banking facilities
Bills are now being prepared to cover
this situation
A bill that will result in the killing
of all the obnoxious weeds in the state
+ is to be introduced in both houses Of
the legislature soon. 1t is alleged that
quack grass and Canadian, thistle ard
other weeds have been spreading SO
rapidly thruout the state that some
legislation must be enacted in order 10
kill them out The proposed measure
which will result from conference of
the committee Of the directors of the
department Of agriculture with the
state association of supervisors will
have two main provisions. 1t will pre-
vide that supervisors shall have au-
thority and power to order and force
township trustees to kill the weeds
along the highways and it shall furth :
ermore be the duty Of the supervisors
/, to see that this Is done. The other
provision of the measure will be a
provision allowing person action at
law against a nefghbor to force him to
kill the weeds in his fields.
At present there is no law covering
the matter of noxious weeds. If far
mer's pasture Is threatened by the
weeds In the field Of a neigfbor ad /
Joining, he has no recourse The weeds
may destroy his pasture and he be
forced to pillow 1t up. 1t is proposed
under the measure about to be put
forward to provide that the neighbor
can be forced to get rid of his weeds.
Provisions for damages to an adjoin-
ing field If weeds are allowed to spread
and penalties for failure to keep weeds
Of certain kinds killed out, are to be
incorporated in the measure.
Patent medicine has a battle royal
on. Bills have been introduced in bot,
branches of the legislature, the one
in the house by DR.. Clarke OF Jeffer-
son, and the one in the senate by DR..
McKlveen Of Lucas, that will require
patent medicine concerns to print OH
the outside OF the package or bottle
the percentages Of the contents. The
bills are identical and are what is,
known as the Ladies' Home Journal
bill. This measure has been intro
duced in nearly every legislature in
the country. 1t has become law In
many states. 1t was introduced in the
legislature OF this state last session.
but failed to become a law, and was
not pressed very diligently. 1t is I'M
derstood that both Dr. Clarke and DR..
McKlveen are very much in earnest in
the matter of this legislation, and will.
give a considerable part of their time.
and attention to pushing the measure.
For number Of sessions the effor.
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