The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1913-05-29
NOT IN EFFECT
UNTIL JULY |
AUTO PROTECTION INSURANCE
NOT ALLOWED TIL THEN.
THE POWER TRANSMISSION LAW
Railroad Commission Engaged in
Hearing First Case Under New
Measure-Bank Call viii Inter
= est Bankers and Borrowers.

Des Moines, Ia, May 27-Atten-
ton has been called to the insurance
department in the office of Auditor of
State Bleakley that casualty insur-
ance companies are soliciting bust
ness and Offering to sell policies pro-
tecting automobile owners against
Judgment for personal injury. The
recent legislature passed bill per-
uniting such insurance, but that
measure does not become a law until
July fourth, and then the insurance is
permitted only on the sale of policies
that have been approved by the Audi
tor of State. Twenty different forms
of policies for this kind of insurance
have been filed with the Auditor for
his inspection and decision. Not
one of these has as yet been APPROX.
ed. The insurance department of the
state is anxious that people buying all
kinds of insurance get it under such
a policy as will give the purchaser
protection and equitable treatment.
There is a serious legal question
whether or not person buying such
an unapproved policy now before the
law has become effective permitting
the sale, OF, such would have any re.
course on his policy in case he had to
materialize, It would be difficult to
establish that the policy was issued
in accordance with law, and an illegal
procedure has bue little standing in
the Iowa courts.
....-.. = - -
The Head Power Transmission
right OF way law which went into eff
feet by publication has come into OPP
Grafton with rapidity. The State
Board of Railroad Commissioners is
today at Marshalltown holding a
hearing on an application of the Iowa
Light and Power company to erect
poles and construct a power trans
mission line over private property In
the construction of power transmits.
sion line from Tama to Toledo. The
commission will take evidence as to
the necessity Of the route selected by
the company, the service to be render.
ed and give a decision as to whether
or not the company is entitled to the
right Of eminent domain. The law
giving right to companies to apply
and build their lines over private
property was passed in the, recent
Senator Head of Cedar Rapids.
- - =
81. The first bank call made following
the Fourth of July will be interesting
to both bankers and borrowers, for on
that date goes into effect the law
which permits savings banks to loan
deposits in counties of other states
adjoining the boundary lines Of Iowa.
This practically increases the field
of loaning money one-third. Two
years ago a bill was passed providing
a straight five mill tax on money on
the theory it would bring private
money into the savings banks and
thus put more into circulation and
meet the demand for more money.
Last session the savings bank inter.
ests succeeded in extending the ter.
ritory to loan this money into other
states. They wanted to loan in the
whole of adjoining states, but in the
days of compromise succeeded in get
ting one tier of counties on each side
So it is figured the money brought out
by. the low tax will go into other
states TO certain degree and the sup.
ply OF money 50 earnestly petitioned
Tor iowa VIII be depleted Just that
much, to the benefit of the bankers
who can keep up the rate on loans.
~ - - -
Edgar Harlan, curator OF the State
Historical Department, has returned
from New York and the East where
he went Tor information relative to
the proposed improvement of the cap
itoi grounds. He went East TO visit
landscape architects with the idea
that Iowa had been exceedingly lib
eral in providing two million inn
provement, but found that many of
the South American countries. some
smaller than Iowa, have expended as
high as s125.000,0O0 in improvement
OF their capitol grounds and sur
roundings- II is conceded, however,
by artists that Iowa has taken a de-
cidsdly progressive step in making
the provision ID did through the last
legislature.