The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1913-05-01
HUMAN ELEMENT
WILL FIX RATES
EFFICIENCY IN MACHINERY PRO.
LECTION ONLY SECONDARY.
IOWA DEPOSITS ARE INCREASING
Since 1908 Bank Accounts Have In.
creased $to2,264,713.o1-Total De-
posits at Present Time $780,
192,016.90 in 1861 Banks.

DeS MONIES, April 3O.-The human
element" will have more to do with
the fixing of insurance rates under the
new workingmen's compensation law
than that of efficiency in machinery
protection, according to a prominent
insurance man who will represent
compensation insurance companies
throughout the state.
1T is fact" said this insurance
authority" that the injuries in one
Iowa factory with practically no pro.
lection to their machinery Is less
than in another factory of the same
kind and size with all the protective
devices. Why? Because of the hui
man element. The unprotected fac
tory happens to have higher class
of workmen. They are efficient and
careful. We pay fewer losses there
now than in the fully protected plant
where a lower class of undependable
and unprofcient workmen are EN-.
ployed The mechanical standard of
the factories will have little to do
with fixing of rates, as the variable
human element makes this an unsafe
basis. The rates will be based on a
general average of liabilities that will
be computed by the companies on
Iowa factories and past injuries and
deaths"
- - -
Iowa is making rapid strides to-
ward becoming financial leader
among the states of the Union ac-
cording to figures just compiled in the
banking department of Auditor OF
State Bleakley's office, which show a
remarkable increase in wealth during
the past five years.
Besides having more banks than
any other state in the Union, Iowa,
according to these latest comparative
figures, has had during the last five
years fifty-one per cent increase in
deposits, while there has been but a
nineteen per cent Increase in over
drafts. During this same period the
number of banks has increased TWEEN.
ty.four per cent and the capital stock
twenty-nine per cent.
Getting down to plain dollars and
cents Iowa depositors since 1908 have
added to their account in the banks
$102,264, 1891, making total deposit
at the last state banking department S
report of $500, 1872, 016.9O.
In the same period of time the
banks resources have increased $121,-
627, 5SS.25, making total at the last
report of $36O,96S, 571.93.
Overdrafts during the same period
have increased 1892, 73643, making a
total overdraft on Iowa banks at the
last report of 1882, 469.04.
The total number of banks has IN
creased 206, making present total
he nj fol
these banks has in this time Increased
$8,513,500, making total STOCK at
present of $37 ,207 10000.
1t may be interesting to know just
how twenty years has converted black
Iowa soil into gold dollars. As COM
pared with 1893 the deposits In Iowa
banks have increased $25S, O40,5S2.55;
resources of banks have Increased
$500, 113,T2942 and capital stock has
increased s23, 49S,1 1870.
3u There have been no failures OF
banks under state supervision for
five years. The figures quoted from
the banking department do not In.
clude capital, money and resources OF
a large number of private banks In
the state.
The cadet" system of teachers pay
as in vogue in Ottumwa and Burling-
ton will probably have to be abolished
under the new Minimum teachers
wage law, according to State Superin-
tendent Deyoe. The Cadet system
provides for starting teachers in at
low pay, with a graduated increase
each year. The new minimum wage
law provides that teachers of certain
grades of certificate shall not receive
less than certain amount and this
will take precedence over any local
arrangement.
Another problem confronting the
state department of education is
what grade shah be assigned a man
or woman who gets a certificate by
reason of credits for certificate from
a college or university In another
state. as another new law provides for
granting certificates? ..
- - -
Adjutant General George Newman,
of the Department of G. A. r. figures
that the old soldiers will be about
$4,000 short of enough to send all
who desire to go to the reunion on the
field of the Battle of Gettysburg. The
legislature appropriated $4,000 TO
send the Iowa soldiers, and so many
survivors have applied that there Is
danger some hwill have to be left at
rbot1Rq an hsH-
/ SHF win rV