Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-04-02
LOOKER-ON in IOWA
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Renbeck. April I'm the near flu
ture the town of Ogden, Iowa, promises
to become quite a soft coal shipping
point. The past winter an excellent
quality of coal from 31s foot vein
has been marketed in large quantities,
it being sold delivered in town at
$3.50 per ton and less at the mine,
about two and one half miles east of
town. In addition to this large tract
of land mile and half north of Og-
den has been secured by Mr.. Sam Nc
Clure and the Lehigh syndicate, bor-
ings and prospecting have been going on
for the past year and q shaft will he
sunk this coming summer, and mining
on an extensive scale be carried on.
In both of these mentioned mines the
coal is found about 200 feet beneath the
surface, about the same depth as the
mines in and around Boone, indicating
the same deposit of coal lying under
thousands of acres of land in this vi
entity.
One of the noticeable improvements
in Ogden is the new State Bank build
ing, representing an outlay of $4,000.
but they do not have an ornamental
tower on the southeast corner of the
building, a big town clock with two
dials facing south and east. These
1ials, as large as on the ordinary
court house, are lighted at night by
electricity and the public is indebted to
DIR. Noyes, one of the stockholders of
the bank. for this practical gift The
clock complete cost the doctor $3.50.
One good woman of the town evidently
of religious turn of mind, expressed
her sentiment by saying to Dr. Noyes
''other rich men give their money to
church societies to build churches for
their own particular belief, but YOU
have given something to the town that
everybody gets the benefit of. whether
Jew. Christian, infidel or Roman Catho-
lic.'
The other day in Bows a prominent
banker told the writer that there was
now deposited in his band 100000, and
they, were working hard these days to
make it earn something. That there
was little or no call for loans only of
small amounts. and that the balances
they kept in Des Moines and the east
only brought them 2 to 21a per cent
interest He said this was not local
but general all over Iowa The ques-
ton is, where will the Iowa banks in
vest their money to bring adequate re-
turns. Mentioning these facts to a
Grundy Center banker the next day. he
said we're in the same boat only more
So We have s450,000 in deposits and
are paying 4 per cent interest ON some
time deposits and only getting per
cent on our call loans in the east, And
the same fact came out, in both Of the
above mentioned cases. It's the farm
ers that own this money. The bust
ness men. are good borrowers at GER
tain seasons of the. year, but 1t is a
rare case for a farmer to ask for a
loan these days.
If we can lengthen the terms of. the
mayors of Iowa, and do the same with
the. county supervisors we may have
some shade trees left in our public
parks and court house grounds 9th
erwise they are doomed. Each newly
elected official seems to think it a
part of his duties to cut down one. or
more shade trees. That the growth of
that tree represents the work Of nature
thirty to fifty years has no argument
for the new man. That it will take an
average life time to get, as many nice
trees again in the court house yard,
seems not to occur to the new super
visor: Strangers cannot see our new
court house unless we cut down those
trees said one thoughtful new sup
ervisor to the writer. Strangers Will
notice some nice elm trees fifty years
from now, if you would plant some in
the court house yard this spring" re-
marked the writer.
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