Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-30
SHOWS THAT COMFORTABLE RE.
LATIoNs EXIST BETWEEN
TRADE AND PoIITlca
IMPRESSED WITH srEAplNEss
DESPITE PENDING LEGISLATION
iowa National Bank Obssrves That
Tariff Law Acts az Setback to Some
Limos Of Trade and Helps Others
Little Effect Of Proposed Currency
Legislation Apparent.
oecial to Times-Republican.

Special to Times Republican.
Des Moines, Oct. 30-A good view Of
the rather comfortable relation be-
tween business conditions and political
activities is presented In statement
enana,ins from the Iowa National
Bank, Of this city. reviewing all mat
ters Of interest to the bankers and the
public. After a discussion Of all the
topics which usually enter into a con-
sideration Of the financial situation.
the letter says:
Taking birdseye view Of the bust
ness situation we are impressed with
IT'S steadiness in the face of import
ant measures just made into new law
and the currency bill Still before the
senate. We can recall times when
business would have been demoralized
thru the discussion Of such important
legislation. The present business ac-
tivity is real Mills are busy, railroads
are busy, exports are heavy, money is
easing and in spite Of much public
and press discussion Of pessilnislic
nature, the undertone OF business con-
tnues strong and healthy. There is an
area thru Alabama, Mississippi. west
ern Kentucky. southern Missouri, Ok
iaholna, Kansas, Nebraska and western
South Dakota where business Is not
what IT should be. bu: n all the re-
mainder of the country, business is as
good or better than it was a year ago
or two years ago, and it is decidedly
better than three years ago"
Effects Of Tariff Vary.
Regarding tariff and currency the
Iowa National statement says:
AT this date in 1911. business had
just reached a fairly sa-isfa Glory basis
after two-year period of ups and
downs. Business then was practically
average III all lines for twelve months,
and in November. 1872, the only con-
siderable worry of the business men
was the prospect of tariff legislation
under the new administration. For the
past year prospective tariff revision
downward has been the argument
used to Offset all hopeful signs. The
revision has come, is in effect and,
after the first shock is over, business
will probably proceed in the usual
manner. The tariff changes will give
some business a decided setback and
will soon be a boon to ether lines. On
the whole, it Is generally believed that
the results VIII be beneficial if for no
other reason than that tariff discussion
IS ended for some years to come.
Currency legislation is now the all
absorbing topic at Washington and for
that matter thruout the country. Num-
erous amendments have been made to
the Glass bill which has passed the
house and Is now in the hands Of the
senate. Other amendments have been
urged by associations Of business men
and bankers and some further changes
VIII no doubt be made before the bill
can pass the senate. 1t is the presi-
dents desire that the bill pass at this
session. In case it Is amended in three
or four important particulars, it vii!
probably receive the general support OF
both parties. Otherwise 1t will pass, If
at all, strictly as an administrat ton
measure. The plan will be amended
after it ls in operation, If not before,
and it would seem vastly better to
make the measure as perfect as posi-
Bile before enacting it into law, even ii
that means holding it UP until the reg
ular session in December"
The same source Of information
makes an estimate as to the cost of
collecting the new income tax as so per
cent of the entire proceeds.