Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-04-30
IOWA Stocks BEST
lNvEsToRs HAVE REASON TO
HOLD COINCIDENCE IN srArE
CORPORATIONS.
COMPLAINTS OF MetpiTY
OF IOWA Laws DISAPPEAR
Stocks Represent Actual Investments
and Bankers and Others Favor Thorn
Basis Of Representation in Rspub-
Iioan State Convention Undstsr.
minsd-Law Indefinite on Point. 50 g
speoial to Times Republican.

Des MOines, April 30.-When a
bank invests in the stock of corpora
ton organized under Iowa laws it rs
accepted as fact that the stock rep
resents actual value: but corporation
stock In companies organized in South
Dakota. Arizona. New Jersey and many
other states Is looked upon always as
Of doubtful character.
When incorporators Of companies
have q good proposition and intend that
the stock issued shall represent actual
value they invariably Incorporate in
Iowa. If there is some doubt about it
they go elsewhere. The number OF
companies Incorporated in Iowa is in
creasing right along. The demand for
Iowa charters is good.
George E. Pencil, head Of the state
banking department is authority for. 1t
that the fact Of Iowa Incorporation
giSes special standing for any company
and its stock. The state banks fire.
quently have stock in their vaults
either for security or investment. The
Iowa laws regarding corporations make
It SO that stock must represent actual
investment. lHFS TACT Is taken into
consideration at all times.
But the records in the Office of sec
rotary Of state show that practically
all OF the corporations formed to do
business in Iowa are under the Iowa
laws. At first there was loud COM
planning about the rigidity of these
laws, and it used to be said they ham
per legitimate business by requiring
that stock issued shall be issued only
for cash or its equivalent This COM
plant is no longer made. The COM
panies that have Iowa charters al
ways stand so Welt that it is of very
decided advantage to have these strict
laws back OF them. The filing and re-
cor6ing fees are. also regarded as mod
crate as compared with those Of some
of the states.
Shall the apportionment Of delegates
to the republican state convention be
the same this year as two years ago. or
shall the basis be different! The exc
cutive committee of the state commit
tee has not fully decided. but leans
toward letting the basis remain as two
years ago because of the fact that con-
fessedly, there was at that time a
more cOmpleLS republican VOlo tHdH
since. EGG
Some Of the counties are already call
ing their conventions. One has based
county representation on the vote for
one Of the republican candidates for
presidential elector. Another has based
ii on the vote for governor two years
ago The county committees have q
perfect right to fix it any way they
please.
There seems to be nothing in the law
to indicate what should be done. The
state committee must fix the ratio or
basis and will fix 1t in the way that
will best meet the wishes Of the re-
publicans Of the state.
One Of the questions put up to As
sistant Attorney General Rankin ie as
to the manner Of filing statements Of
change Of party affiliation. The law
says the statement must be filed with
the county auditor. Does It suffice that
the maker of the statement mail the
same to the county auditor or send 1t
by friend? AS the statement is only
informal, probably any method Of fling
will do. Also a question has arisen as
to whether more than one voter can
sign the same statement Of change, or
in other words can blanket form OF
change of affiliation be used This also
will be interpreted literally.