Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-04-25
NATIONALS Will HAVE TO
HUSTLE TO KEEP PACE
s,x ~ Them:
RAPID GAINS lin s VA
AND F,MANciAL TRANSACTIONS
Subs. ntial, oains ii Deposits and A.
ssts-Thsrns Gees . washington vi
Argue Asairst Proposed sIrersass il
Freight Rats. u Eastern R.i're.dys
-Inersass in Salaries.
Special to mes-Republican.

s895A 1913 NJ
Special to Times Republican.
Des Moines, April 25.-National
bankers will have to hustle to keep up
with the state bankers. The number
OF; banks organised in Iowa under state
law is growing rapidly. In year the
number increased by forty and now
there are 7s6 savings banks. 2ss state
banks and sixteen trust companies. On
April s, time Of the. last call, they had
10 per cent reserve in cash. The
following shows the result OF the last
cali and a comparison with the report
Of April II last year:
Assets.
Bills receivable, 1915, .400.29; In
i crease ii. year, $1s.710.717.72.
Gold coin, $2,4s0,949.11; increase in
year, $1ss,15o.73.
Silver coin, s1,11s,321,95; increase in
year, $5S,963.O3.
Legal tender, $s,324,ss5.14; increase,
$762 ,6s0.S0.
Credits subject to sight draft, $4s.-
19S,5S6.12; increase. $2,OS7.S26.22..
Gverdrafts, $2.609,442 increase,
$3.50. 1S9.45.
Real and personal property. $11.-
9s5.2ao.2O; increase. $1.oo4,o5S.94.
Total assets, $392,039,s7i.97; in
crease, S23.127,0s1.99.
Liabilities.
Capital stock, $39,35O,S00; increase in
year, $1,7s5,500.
Due depositors. $32S,0S7, 92O.77; in
crease, $17.926,14S.5
~ ~ "A
increase, $685.,
Debenture bonds, $5,044, 596.26; IN
crease, 1901. os3.4s.
1911, 431.26.
Undivided profits. $s,soe.s31.S4; in
crease. s657. 062.54.
~
Clifford Thorne left last evening for
Washington, where next week he will
present to the interstate commerce
commission the argument on behalf OF
the people of the western states in OPP
position to an arbitrary increase in the
freight rates on eastern railroads, upon
the showing made by the presidents
Of the railroads and the record as it
has been drawn out by the interstate
commerce commission.
III
vance was made by the railroads on
the claim that railroad earnings have
so decreased that unless there is an in
crease in the rates it will not be pos
sible to continue keeping DIP the roads
xDr- making the betterments that are
needed. In short, that more income Is
essential il the railroads are to avoid
serious financial embarrassment. This
claim, has been questioned and in one
way or another the evidence of the
railroads has been denied or offset.
Now the argument will be made and
1T will turn largely upon the credible
ity and accuracy of the evidence pre-
sented as to both sides. Mr.. Thorne
win make practically the only argu-
ment in opposition to the increase. He
will present printed brief and make
an oral argument commencing Mon
day or Tuesday.
President Thomas H. MacBrde, of
the state university, is to get, dating
from April 1, $144 q week for his job
of plotting the affairs Of the state uni
yersity. or $500 year.
President Homer H. Seerley. of the
state teachers college. will after July
Il gets $4,000 year for his services. i.
The state board of education fixed
these salaries at the session held in
Ames this week.
Judge Emlin McClain. now as Leland
Stanford University, is to return to the
lowe state university next year as
professor in the law school. The res
iSnation of Prof. Perry Gilbert Of the
law school has been accepted.
The increase in salaries for the
heads Of the two schools indicated is
in compliment to them for their long
years of service and recognized great
ability.
Farm Operations at the state institu-
tons will be carried on with more
yigor this year than ever before.
The other day Senator McCol1. for
the board Of control. bought two horses
and four mules to be sent to Anamosa
/ to be used on the farm there. In the
past there has been little farming at
the state reformatory, because the
land palmed off on the state in other
years, was not worth much for farm
ing purposes. In fact 1t was never
intended to be used for farming. But
now the state has rented some good
land and will do farming there as we'll
asgelsewhere.
An agent Of the census bureau is in
the city making investigation into the
debts Of the states, cities, counties,
school and other districts. This infor-
nation is to be compiled and viii go
into g census bulletin. The agent yes
terday expressed himself as quite
agreeably impressed with the fact that
Iowa has no state debt and has not
had for at least fifteen years. He IS
1ust now going into the matter of the
debts Aoo:: the cities and towns and will
later tackle the counties. then the
drainage and school districts.
The railroad commission approved
Of plans for q right-of-way for q
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