Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-09-05
'|ONA Plan INDICATED.
!, SYSTEM OF DEALING WITH DO
MEsric INSURANCE coMPAN-
les PROVEN CORRECT.
or MUSHROOM
CONCERNS FULLY PROTECTED
Gold Bond Company Sold Years Ago
Still Has Funds on Deposit With
state-Minnesot and Missouri Want
lows Health .Exhibit-WiIson Boss,
ina Bank Reserve Boards.
special to rimes-Republican.

Special to Times-Repubiican.
Des Moines, Sept. 5-Full vindica-
ton OF the Iowa plan Of dealing with
domestic insurance companies has pust
come to the attention Of the insurance
department in a report OF the Minneso-
ia department on examination of the
company at Minneapolis which took
over the business Of the Northwestern
Life and Savings Company Of Des
Ioines. This was one of the gold
bond" companies organized here while
Shaw was governor and Merriam state
a,.aitor. When. later, the plan Of these
y MES was declared to be not good
am . Northwestern was sold to q
Minnesota old line concern. Iowa Off
Gals insisted that so long as there are
outstanding policies Of the former
Iowa company. a deposit shall be kept
with the state auditor here. This de-
post is now down to $4,000. as only
few policies are out
But the Minnesota examiners report
shows that in the past four or five
years the purchasing company has suf
fered an immense drain on its re-
sources because Of having had to pay
over six million dollars to policy hold
ers Of the former Iowa company on their
maturing gold bond certificates. Only
as they have been paid off has the
Iowa state insurance department per-
mitted withdrawal of the securities It
is also evident now that had these
mushroom companies been permitted
to go on in Iowa they would have come
to a beautiful crash before this time,
so the sale to an old line company was
wise move.
The status Of the other big one which
was sold to a Chicago concern was
much the same.
It had been at one time announced
there would be a meeting Of the lgsis-
general assembly on retrenchment and
reform. at the state capitol, during
state fair week, but it is not known
that any meeting took place as only a
few OF the members were here. The
report. or any part of it. and only the
work Of individual members has been
brought to head.
The Iowa health exhibit at the state
fair. which was center of attraction
for a great many persons. was so con-
spicuousIy above anythong of the sort
ever before prepared for such an oc-
eI1 nv.
the secretary Of the Missouri state fair
and by officers Of the Minnesota state
fair 70 secure all or part Of the same
to be taken to the fairs in their re-
spective states. At any rate they will
undertake something OF the same kind
for their people.
Unless merchant pays a fling fee
err his report on sales OF firearms. he IS
still liable for the. penalties OF the law
for failure to report. Under the Iowa
law every sale OF a gun or dangerous
weapon must be reported to the coun-
ty recorder and the latter has right
to demand and receive fee for re-
cording the report. It is held by the
legal department Of the state that the
fee is a part Of the transaction and the
f1iing ais not complete uEtil it is paid
In Como counties the dealers have
made an effort to evade the law by
merely handing the recorder report
and refusing to pay for having it re-
corded.
.one#of those unnatural controvers-
les which illustrates the fact that no
is..V - ,{t
come the obstacle OF inefficient city Of
Gals is taking place in Des Moines just
now. The city council has made plans
for a dixie along the bank Of the Des
river from the North Sixth
street bridge east to Union park This
would protect what Is known as Bird
land" from the overflow of the river.
No wit 80 happens that this same
Birdland is pretty much what its name
indicates, for Il is stretch of wild
wood along the river. on land subject
to overflow. with all the natural under
brush beneath great cottonwood and
other trees, and It is favorite place
for wild BIRDS There is not in or about
Des Moines any more charming spot
for the lover Of nature than this Bird
land. But officials want to run big
dixie along and probably fil1 1t up and
all it's natural beauty for the
benefit Of few automobile owners
who want q hnee roadway thru the
same. The people Of the city who know
what 1t means to have touch Of ma
ture in the heart Of the city are put to
the necessity OF making a fight to keep
that which everyone ought to regard
as the city's finest beauty spot.
The bankers OF Iowa who met here
this week to revise the charter of their
newly formed national currency as
sociation. at the dictation of the Will
son administration. SO that when the
administration decided it should be
done It can attach the South Dakota
banks to Iowa. did not audibly express
disapproval Of the scheme, but private
s;:' they talked pretty plainly about the
matter. They felt that 1t was assum-
ing an authority over the bankers in
the formation OF their associations not
Tine obvious i;;;;.taas.::sse &c !
the Iowa banks remaining free from
connection with banks of any other
etAte Was such that they felt II should
be d matter of argument To include
banks from, ,Other states will weaken
the Organization. But there was no !
help Ter Il and the change was made.
Aseault Victim Dad.
Storm Lake, Sept. 5--walter Norfieet
the young man who Was stabbed att
~: died :. :: :: :.
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