Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-12-08
STATE AND SAVINGS CONCERNS
GETTING AWAY FROM DAN.
oERoUs CONDITIONS.
TOO MUCH MONEY CREDIT
SUBJECT TO SIGHT DRAFT
Decided Shrnkase in Deposits in
Larger Banks During Fall Months
Yet Observation-Disclosures Of Msdi-
cal Diplomas.
ecial to Times Republican.

Des Moines. Dec. S.-Iowa banks or
business with little more than So
100000 on hand. with which TO paS
claims OF over sl7b.o0o,ooo. The amount
of deposits in these banks is over Se5e,-
100000. TIE coin and currency on
hand in the bank vaults consists OF
s5,t7s.6cf in legal tenders or various
forms Of paper money. s2.22S,G52 in
gold coin and only sS5o.l53 in silver
coin.
These 1,ol5 banks and trust com
panies have loaned out on bills re
CelvabIe" s253,3.s.Ise The item of
credits subject TO sight drafts" is SSe.
0Q5.0Ss, which is larger than the bank
ing department would like and an eff
fort is being made 10 reduce il In
fact in the ten weeks between the last
two calls the sight credits were re-
duced in Iowa 1881 500. AT the same
time there was q larger increase than
that in the amount Of money loaned
QUE in more or less permanent form. II
other words. the banks are getting
around 10 sounder basis Of business
While there was an increase IN the
total Of deposits in the past year of
over 5000 900 the increase in the ten
weeks between the last two calls was
so small that it did no, represent the
business of new banks In fact there
has been during the fall decided
shrinkage of deposits in the larger
banks of the cities
Are the commission cities Of Iowa 10
De classified as first class" and sec
ond class according 10 population or
as special charter" cities? This ques-
ton IS involved in query TO the office
o. the attorney general from the legal
department Of Fort Dodge regarding
the right of the city 10 levy mill
or mill fire fund tax The law
relating 20 this refers solely TO second
class" cities but was amended to read
that cities of over 10000 might make
the mill levy instead Of ; mills. Fort
Dodge, having become commission
city still wants TO make levy: but
having a population OF over 5000 it
must be classed as a first class city
unless the commission takes II entirely
out Of that class.
The situation Is a reminder of the
fact that the legislature has not yet
completed fixing up the laws SO that
the commission government" cities
have clear sailing.
While a meeting was held In Des
Moines last evening in the interest Of
medical freedom" whatever that may
be, Gen James 3. Weaver being one
Of the advertised speakers. q commit
tee # the state board Of health Is get
ing ready to make a report that viii
restrict the freedom of some medi'cai
colleges in the issue Of diplomas that
are to pc accepted IN Iowa. The COR
r1ittee was named at the last sessicn
oc the state board and Will make re-
port that some Of the medical schools.
especially in Chicago are not giving
courses of study that sufficiently equip
the students for practice of profess
sion. Investigation has shown tha..
for instance some of these colleges
in order to grind out graduates moro
rao;dly. resort % a double shift sys-
TEN and have day faculty and nigh
faculty so tina they run all the time.
Lessons in temperance were the or
der in Des Moines this week. Argu-
men- in the Kelly murder trial largely
centered about question which in
wolves the effect of alcohol and NOR
phtne on the human mind. Al the
same time, papers were being drawn
I'D in local law office, by and under
which an estate Of quarter million
dollars was given away because OF the
ravages Of whisky upon a bright mind
This was the part of the estate OF
the late ]. s. Polk. which went to his
son John. one Of the FIVE heirs. John
signed papers giving the entire estate
IN his own son. Jeff H. Polk, mere
nov and contracted that the boy should
rive his father an allowance Of slI
( a week and paw his board bill and
| other incidentals. Whisky IS the cause
of the strange contract, for John has
been many years under its infuenc:
tho naturally most capable business
man. He realizes fully hrs own in
cauacity to care for the estate.