Omaha daily bee., 1907-01-26
BANKERS ASK FOR RELIEF
Insist Law Lays an Undue Burden on the
tayings Institutions,
TERMINAL TAXATION ISSUE IN IOWA
DIR. }. r. Kennedy, After Twenty-Five
Years service as Secretary of the
state Board OF Health, Quits
the once.
(From a stan correspondent


result of a conference OF the legislative
committee of the state Bankers associa-
ton with the state auditor a number of
important banking bills will be drawn and
presented to the legislature. An EFFORT
will be made TO convince the members
of the legislature that unless some relief
is given the savings banks of the state,
which are more numerous than any other
class of banks, will SO to tue wall. The
decision of Judge Evans in the case Of the
Corning Savings bank to the effect that
savings bank cannot borrow money, Ia
considered serious handicap to the saw
ings banks, as It would limit them strictly
to receiving deposits and putting the money
out at interest and prevent them from
doing a general banking business Saw
ings banks can be organized with but
! $4,000 capital stock and for that reason
banks In nearly all small communities are
savings banks. The original intention of
the law was that they should be sort OF
mutual savings association, merely for the
investment of savings but they have been
increasing rapidly over the state and are
| doing general banking business. II Is
| proposed to amend the law so that they
| can do this legally. 1t is also proposed
| TO amend the law so that directors of saw
ings banks can borrow money from the
ny blNiilk Nit biOpSi NpiaNSi
J to repeal the section requiring savings
banks to publish list OF the banks with
which they carry deposits; and tighten
| ing of the burden of taxation. The saw
| ings banks ask that they be placed more
| nearly on a par with the state and ma
| tional banks in the matter of taxation, as
well as in other banking matters They
| do not object to the state bank examiners
| having all information concerning the
| banks condition and where the money is
deposited or what directors borrow money
and the nature of the security, but they
do object to publishing this information
to the general public, as 1t gives other
banks unfair advantage over them.
would Help cities.
| Probably a bill will be introduced soon
at this session of the legislature designed
to give the cities greater proportion of
the taxation of the railroads. 1t is asserted
that the present method OF taxing the
entire line or road In the state and then
dividing 1t by the number of miles, giving
to each county it's proportion of the mile
age, gives the country districts the ad-
vantage for the reason that they get the
benefit of the great terminals at the large
cities The new plan is to have these
terminals assessed and taxed for the ex-
elusive benefit of the cities in which they
are located. A part Of the scheme to ac-
complish this end is to have the terminals
assessed by the local assessors and limit
the executive council to assessing the
other property of the railroad line.
Board Hadn't Heard of Law.
In the report of the state accountant, c.
lC Heer, filed with the governor today, It
is pointed out that the Board of Educa-
tional Examiners is unaware of the fact
that law passed three years ago requires
all boards to turn the fees collected into
the state treasury to be disbursed there.
The board has been collecting fees and
holding them and spending the money as
needed.
Expect Railroad Lobby.
Because of the appearance of high rail-
road officials at the capitol of Missouri to
lobby against the 2-cent fare bill in that
state, II is presumed that they will appear
in Des Moines next week or the week after
to lobby against the measure here. Five
bills have been introduced In the legisla-
ture here and there is a strong superstition
that one of the measures will pass,
Clinton IL Selected.
The state associations of supervisors,
county auditors and county treaslrers.
which have been meeting in this city today,
decided upon Clinton as the place for hold
societies always selecting the same place
and date of meeting The conventions will
be held August IA, 10 and 16.
> HOIdup Scared Away.
A bold holdup entered the pawn broking
shop of Feinberg & Tatz on the East side,
this morning at o'clock. Under the pre-
tense OF buying revolver he got posses
sion of two loaded revoYers and then
i pointed them at Feinberg and ordered him
} to produce all the cash. Just as Feinberg
{ started TO get the cash drawer his partner
Tatz. entered the front door and seeing
what was happening darted out again
: yelling for help and police. The burglar
got away. but secured nothing but two re-
volvers.
DR.. Kennedy's Farewell.
DR.. J. +, Kennedy, for twenty-five years
secretary of the State Board OF Health
today issued his farewell I'm an editorial In
the Iowa Health Bulletin, a monthly pub.
/ lication issued by the State Board OF
Health. He has edited the Bulletin ever
since it was started and has held state
Office longer than any other person in Iowa
He will be succeeded February l by DR.
Thomas of Red Oak.
DemimOnde Society Adopts Babies.
Mrs. Elizabeth Baird, secretary of the
. I Iowa Humane society, mas discovered tha
a fad of adopting babies from the baby
farms Of this city has struck the demi
a monde society of the city. Action will b,
started In a number of cases to get tn,
8 children away from the women. though
: they have legally adopted them. and al
n effort will also be made 10 get the legis
. lature TO enact some legislation that will
make It more difficult for such adoptions I,
be made easier to get the children away.
Q Famous Case Settled.
The suit of Wheeler against the city o
Fort Dodge for $4,000 damages has beei
settled out Of court by the city payinl
1900 and costs Some years ago Clar,
a Rasmussen at street fair SLID from tn
: top of the court house to the street on
a wire by holding to a pulley by her teeth
= | In the slide her harness broke and sh
fell upon Wheeler The case went to tn
= supreme court and was remanded for new
n trial The jury had been secured when tn
a case was settled.
A. MetEEar a Co.
New Location OF Wholesale Bakery.
: SIG MINISTER Street, Council Bluffs. Ia
| Rraad GnaoiaIfv