Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-03-30
Local Comment

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Mr.. Pettibone has arrived and is now
at work on . new edition Of his city
directory. He can plan on larger
book, for every house in town Is occu-
pied, none have burned down in the
last two years, and some new ones
have been built.
Those who would take advantage OF
the savings and loan association 10
build home had better get in their
applications at once. The aVatlaoie
funds for loaning might be spoken for.
1t is strange how little the savings and
loan association 10 understood. even
after SO much discussion of it. A man
was urged this week to take out some
shares right away so as 10 have some
thing paid in on deal which he hoped
to make in real estate this fall. How
much will 1t cost?" he asked. Ten
dollars per month on twenty shares.
Can I take my money out if I should
want it?'' Eyes" well. / didn't know
that. guess I'll take out some shares
right away" The savings and loan as
ISOLATION is just what its name signl-
t1es. it IS a savings association to the
fellow who will nay in at the rate OF
90 cents on the share per month and
the money invested will earn per
cent interest. 1t is then loan or build
ing association to the fellow who wants
to borrow on ten years time and pay
back on the installment PLAN Its worth
to the community as we'll as to the
individual is incalcuahle. AT Iowa Falls
this week the commercial club started
movement to organize 4 building and
loan association for that town and our
association is an institution which the
Marshalltown Club should boost and
promote.
The board of supervisors could avoid
much controversy and trouble if it
would adopt a set of specifications for
q distinct type of concrete bridge and
hold all contractors to it. But the i'm
portant thing in all concrete construc-
ton is to maintain a competent in
spector on the work. Concrete is a sue
cess largely to the degree that it is
honestly mixed and to permit of large
sums to be spent for concrete work not
inspected is to take too many chances
upon human nature in the average.
The proposition made by Jones &
Hovey to permit the city to examine
its books before the trial of the rate
cases of the city will first guarantee
to the company an earning of per
cent upon its entire valuation regard
less Of the bond issue is very much the
same thing as was offered to Mayor
Ingledue when his council was passing
the first 81 gas ordinance. Mr.. Jones
then offered to arbitrate the rate if the
city would concede him per cent on
his entire property. The rule fol-
lowed by the courts is to allow an ade-
quate profit or return on only the ac-
tua! Investment made by the stock
holders. II half the cost of the prop
erty has been invested by the bond
holders at per cent the stockholders
would then be entitled to their per
cent only on the guilty which they had
invested. To allow s per cent upon the
whole thing in the case Of Jones 4;
Hovey would be the equivalent of 10
per cent upon their equity. 1t has been
held by the federal court that 6 per
cent upon the equity in gas company
is an adequate return in New York
state where interest rates are low and
it might be equita BILE to agree on per
cent in Iowa. but hardly upon 10 per
cent. Considering the possibility Of
the books being prepared for a showing
favorable to the company the city's at
torneys should look this offer carefully
in the mouth before accepting.
One week from Tuesday the precinct
caucuses in Marshall county will be
held 10 determine whether Marshall
county is progressive of standpat
When the issue was tried out at a pri-
mary as between Cumnlins and ALI
son the vote in Marshall county was
2.295 for Cummins 70 96s for Allison.
and then when Cummins ran against
Lacey the vote was 3,02s for Cummins
to $50 for Lacey. This is enough to
indicate how Marshall county repub-
licans stand, but it does not mean that
the majority will be fairly represented
in a caucus. That all depends upon
who is the most active. The local Taft
Club has beer steadily at work for
month. It's members did not expect to
receive the support Of a majority of
the republicans of the county or else
more popular leadership would have
been selected, but they do expect the
big majority to be careless and apa-
thetic. 1t is then that they can slip
in and do business with small fol-
lowing. 1t is up to the Cummins and
Roosevelt men to be alert. Bring the
presidency to Iowa if that is possible
and it looks more possible as the quar-
rel between the leaders th:ckccs. Fail
ing in that see that Iowa and Marshall
county vote for Roosevelt and remain
progressive.
Mr.. Arney's column boost for Mar
shalltown in a Relvedere. ILL.,, news
paper is in striking contrast to the
lament issued in Fort Dodge by an at
torney for the vets 1t illustrates how
necessary it is for good citizens to be
on guard. In Waterloo this week Rev.
Mr. westenberg stood on the street
talking with Judge Caldwell when
saloon keeper Joined in the converse
ton to tell of what dead town Mar
shalltown was since the saloons had
closed and how many houses were
empty with store buildings unoccupied.
Rev. Mr.. westenberg then remarked