Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-08-02
NEW CORPORATION LAWS BRING.
INC MONEY INTO STATE
rREAsuRv.
INCREASE or CAPITAL
CALLS FOR ADDED FEES
Old Corporations Must Add 70 Tax on
Basis Of New atien-Dsme
erats Preparing to Open Campaign
Headquarters Disappointed Because
Wilson Will Not Visit 8tats Fair.
spcial to Times Republican.


Des Moines, Aug. 2.-The Iowa cor
poration laws are working out to con-
tinually bring revenue to the state
from sources not before considered. A
few days ago there was filed with the
:ec-etary Of state notice by two small
foreign corporations of increase OF
capital used in Iowa: where this is done
the companies pay fee for the added
capital. having previously paid only on
what capital they had estimated would
be used in this state.
While the sums were small in each
case. II the precedent Is we'll estab-
lished and the law made to hold. In
due time it will bring large revenues
to the state. But also 1t 10 being held
by the secretary Of state that the law
applies to old corporations that filed
under the old law and paid but small
fees. and where they have increased
capital and made larger use Of their
capital in Iowa. they will have to pay
additional fees.
One company has refused either to
pay or to make any report, claiming
that under the old law 1t received a
charter which can not be affected by
any later legislation. But 1t is pro-
posed to test the matter and establish
the right Of the state to additional fees
where more money is being used in this
state.
In the case Of some Of the railroads
and other large corporations. where
there has been an immense increase in
the total Of capital employed in the in
dustry of Iowa. the fees will be large,
and In due time they will have to pay
up.
State Superintendent Deyoe is al
ready receiving reports from school pa
irons, on the blanks sent out last week
for suggestions az to betterment Of
school conditions. It is disclosed that
among the live school patrons Of the
state there are very few standpatters,
but nearly all of them say that they
think conditions might be and ought to
be improved. Their suggestions will
prove very helpful to the school bet
terment commission to meet next
month.
Chairman N. F. Reed. Of the demo-
cratic state COMMITTEE is conferrin1
with local democrats with regard to the
location Of the state headquarters and
getting ready to open up the campaign
which he will direct az to Iowa. He
will leave Sunday evening for Seagirt,
y. J.. where Gov. Wilson IL resting
while waiting to be apprised Of the
fact that the democratic nomination
for president sought and found him.
Chairman Reed will be back in about
ten days and be ready to open the
headquarters after which he will call
for conference Of the candidates to
decide on the policy to be pursued in
this state. the candidates for state Of
fee and for congressman and legisla-
ture will be conferred with as to the
manner Of conducting the campaign.
Quarters have not yet been secured
because more room is desired this year
than ever before.
The news that Woodrow Wilson has
1t In mind not to make any speeches
Is disappointing to the democrats who
had hoped he would come to the Iowa
state fair this month and address
thousands Of Iowa people there. 1t is
expected. however. that he will decline
to come out into the far west at this
time. There is great hope that Col.
Roosevelt will come and at Chicago
next week strong pressure IL to be
brought upon him to come to Iowa
Eugene Chain. the prohibitionist can.
dfdate. has agSeed to come and there
will be prohibition rally on Aug. 20.