Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-11-09
FURRY OF 1907 FORCED IOWA
lNsrlTuTIoNs ON SOLID
BASIS.
NOT A STATE BANK FAILURE
DURING PAST FOUR YEARS
No Deposition Has Lost Dollar in That
Time-stats and Savings Banks To.
day in Best Condition ssibIs-lewa
Auto Numbers str.yins Far From
Home.
Special to Times-Republican

Des Moines, Nov 9.-The panic of
1907 which was declared by L. NJ.
Shaw, then part of the Roosevelt
administration, to be the greatest
panic in American history. forced
Iowa bankers to a firm business basis
and was better than a guaranty law
in preventing losses from bank fail
ures
It has been just four years since
there was a bank failure Of any kind
In any bank organized under state
laws. In that period no depositor has
lost a dollar by failure of bank to
pay out. 1t was the lesson taught the
bankers in that famous Wall street
panic, brought on for the purpose Of
securing further consolidation of the
steel business, that taught the bankers
how to get their accounts into such
shape that no failures are possible.
The state banking department has
been watchful. but not more so than
in other years. and bank examinations
are as they have long been. Some
banks have to be warned and others
have been helped to tide over temper
airy difficulties. There have been a
number. Of state or savings banks
either merged into others or converted
into national banks. But there have
also been many new ones and now the
total number is slightly over 1000.
State and savings banks in Iowa are
declared to be today in the best pos
sible condition, owing largely to the
fact that the panic of four years ago
such changes as make bank
ing safer
Many of the Iowa automobile num-
bers for 1911. some 10000 in ALL have
strayed far from home, and at least
one has been shipwrecked on the At
lantic ocean.
Just what an Iowa automobile num-
Der should be doing cavorting across
the Atlantic ocean may puzzle a great
many people: but the fact is that last
Secretary Hayward issued
to a Davenport man to put on
a car with which he toured Europe.
The name of Iowa was carried up and
down the continent and then the car
was shipped back On the way back
the vessel was shipWrecked and the
other boat.
Iowa numbers have been reported in
and in New England. but
thus far only one, so far as known,
was used as a protection in contin-
entail tour
The Men and Religion Forward
developed a new stunt at
the past week where a short
was conducted. 1t was Sat-
urday afternoon and meeting for men
had been arranged at church for 3
o'clock. Five or six Des Moines men
had gone to Winterset to conduct the
work. A party of these workers was
on the way to the afternoon meeting
and observing the streets crowded with
farmers one proposed street meeting.
No sooner the suggestion than it was
acted upon. A big packing case was
dragged out to the edge of the street
and for twenty minutes Mr.. Telling
ham, secretary of the Y. NJ. G.. A., and
Mr.. Garrett, clerk of the supreme court
and others. spoke to the farmers who
gathered around. They were given
most respectful attention. On Sunday
Mr.. Fellingham delivered five addresses
and Mr.. Garrett six, and there were
many other speeches. Similar extern
sions of the movement into other parts
Of the state are to be made.
George Fl. Van Houten, of Taylor
county. has just returned from year
Or more spent In the west coast coun-
try. Mr. Van Houten was former
member Of the legislature and then
sergeant alarms Of the Iowa house.
prominent in the horticultural society.
md a world traveller.
"They have had fine year out in the
Puget sound country" he said. "They
nave grown enormous crops, but they
,an not near supply the demand, and
prices are high for ev-
erything. Talk about high prices of
and here-why. there are farms near
good towns out there selling for as
much as $500 an acre. There Is great
future for that country, only I think
heir methods of development are more
expensive than they should be.
Seattle will In time be larger city
han San Francisco. All the cities in
are growing and prosper
ng. Vancouver and many Of the cities
If British Columbia are growing rapid
s.. An immense Asiatic trade is being
quilt up that will give that country
business and fine market"