Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-03-25
SENATE REFusEs TO AMEND
MONEYS AND CREDITS BILL
TO SUIT BANKERS.
MEASURE 70 PACED ~
MOST DECISIVE VOTE
Following Debate Of Day and q Half
Only Five Votes Are Recorded
Against Bill - Enlarged Supreme
Court Will Not Be Divided-An-
other Defective Bill Discovered.

Special to Times-Republican
| Des Moines, March 25.-The big bill
credits and to make a revolution in the
method of taxing bank stock passed
the senate by q vote of ~ TO 5, one
of the most decisive votes Of the ses-
sion.
| The taxation bill, as adopted. pro-
/ vides for taxation of moneys and credits
| at ) mills flat rate wherever found, so
| that money will be taxed the same in
F., a city as in the country, and because
Of the lighter form Of taxation the de-
; sire TO eva6e taxation will not be
So strong.
/ In regard to taxation OF stock OF
| banks and ,rus. companies the assess
| .nent is fixed at 20 per cent Of the ac-
tual value, or one-four,h Of so per cent
! instead of one-fourth of 100 per cent.
The origina! bill, as prepared by the
committee letIe.rhese stocks 10 be as
sessed as other property init with GER
tain deductions. The substituted bill
cut out the deductions and made the
lower assessment.
The main effort in the senate was to
change the bank stock clause and nu-
nerous amendments were offered with
out avail.
Only five voted against the bill
Dunnegan. Garrett, Malnlberg. Taylor
and Weber.
Mr. Weber filed an explanation in
which he declared his belief that the
Dill is Unconstitutional, because OF dis
4 81
! property, because OF the failure to
make deductions in value o, national
bank stock. and because 1t IS unfair and
unjust in its application.
The debate on the bill lasted a day
and a half and was participated In.
more or less, by ali the members with
,, much spirit and earnes.ness. At one
time Senator Smith, OF Mitchell, sharp
~ called attention to the extensive
| lobby Of bankers present. The argu-
flen,s were generally. on high plane
and the Questions made with a sincere
desire to &c: at the bes. possible bill.
| All agreed that Something must be
done. but not all were agreed as to
how 10 get at i'.-~A strong e.for, will
! TOW be made to put the bill thru the
| house just as finished by the senate
| AS for the Constitutional question
| j; was virtually admitted that there is
! Ear more reason to question whether
| the BIN VIII stand IN the courts than
! there was In resardsto the Oregon plan
! Of direct election OF senators. But sem
a.ors says they are willing TO take
| chances on veto On this ground.
When the supreme cour: is made
larger 1t Will be along the lines OF the
Gillinand bill which makes no divi-
sion Of the court Into appellate and
supreme. There has been much OBJ
| lection 10 passing a bill under which
! it will be possible to make radical
| change in the court at once. and the
bill when It becomes lax will provide
| only that the cour, enlargement shall
take place after an election is held,
thus giving the people the first chance
at saying who shall go on the bench.
It is understood this IS satisfactory
| to everyone concerned.
! The bill TO require that a vehicle
must turn out Of the road when an auto
desires to pass from behind. was re-
turned to the house by the governor
| because of clerical errors which will
| make it necessary that it be pa ssed
again.
| The fight for some regulation Of pri-
vate retreats" for the care OF in
| sane and nervous persons. which failed
| in the house. was directed mainly
against a hospital in Des Moines where.
according to the information which was
drawn out persons suffering merely
from nervous troubles are brought into
contact with insane persons. and where
conditions are declared to be far from
perfect. Such places art now entirely
free from any regua ton
The ice cream bill has been signed
by the governor and hereafter the ice
cream sold in cones will have to come
up to a high standard Of quality or
the dispensers will be subject to a
heavy fine. A peculiar thing cropped
out in this matter and that was that
the state association Of ice cream
makers sought to have an exception
made for the first four or Ave days
Of July each year. SO that the Fourth
Of July cream might be of q low
grade.
The proposition for granting this
franchise to women in all matters re-
lating to school elections bids fair to
eventuate in a law at this session. A
great many Of the members who are