Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-07
CONTEST IN LEGISLATURE OVER
BANK MEASURE ENGAGED ~
FlNANcIERs.
AMENDED BILL CAUSES
LOSS OF SUPPORT
Feature Providing For Cheaper Money
Taken out-Proposal to Exempt
Farm Mortgages From Taxation
Bone Of contention-Senats Backs
Up and Passes Foster Bill.
special to Times Republican.

Special to Times Republican.
Des Moines. April Tt took the
senate a half day TO put the farm
mortgage bank bill in such shape that
when put to its passage its best
friends preferred that it should not pc
adopted. It was bankers fight pure
and simple. The only trouble with the
bill was that it provided way by
which the farm mortgage business
could be handled SO as to secure
cheaper money. One of the essen
tials of the scheme was to make the
debenture bonds issued against the
farm mortgages exempt from taxation
and from attachment for dents, es-
pecially in small amounts They were
to be on the same basis as government
bonds and city bonds. But this was
all taken out and some other restric-
tions placed in, SO that 1t would not
be workable.
On the passage, as amended. the Dill
received only the votes OF Senator'S
Allen, Arney. Balkema- Garrison,
Crist, Doran, Enger, Francis, Gillette,
Greene Kimball. Larrabee, Ream,
Sheean, Thomas, VOORHEES,, White of
Benton, White of Iowa, Whitmore,
Wilson.
1.-THE bill would be of no use what
ever" said Denny Hogan, Of Massena,
after the amends had been put into
It. III the senate desires to pass It,
all right, but it will only be a start
and not be what Iowa should nave.
There is this to be said about IT. how
ever, that probably before another
legislature meets there will be a fed
eral law under which these farm mort
gage banks will be organized in Iowa.
I should have preferred that we would
get in ahead of the federal Law and
have them under state control The
national administration has made the
farm mortgage banks a part OF the
regular program. and you know
President Wilson has not failed yet to
put thr, congress everything he has
planned for.
II 1t was earlier in the legislative
session there would be proposed a bill
for a strictly cooperative system for
handling the farm mortgage business,
leaving out the bankers entirely and
basine It on tho work Of the farmers
alone.
RI. house proceeded on ruesdsy to
pass ten Of tho dry bills from the
senate and the one which provides for
confiscation Of an automobile because
OF booze that may be found in 1t was
put or until Friday. The dry forces
had no trouble whatever in getting the
bills thru, though nearly every one of
them had to be amended. The repre-
sentatives complained that they had
not handled batch Of senate bills 80
carelessly framed. The fact IS the
senate was 50 anxious TO get these bills
thru that the senate committees, be
1t recalled. were not permitted to con-
slider the bills before reporting them.
The so-called near beer bill was
left for a special order on the house
calendar today.
The house refused to reconsider the
sage of consent" bill, which had been
for GONE time hung up on motion to
reconsider. This was motion by
Moore, Of Guthrie county, who de-
clared that unless it was reconsidered
and his amendment passed he would
20 to the senate and seek defeat Of
the measure This bill as passed has
been very carefully drawn and safe
guards the young men, by providing
that it is pretty largely in the dis
cretion Of a Judge what to do with
young man found guilty under it's pro-
visions.
The senate committee on appropri-
atoms recommended that the allowance
for the state library commission be
$4,000 year and $4,000 for salaries,
and the bin Is on the senate calendar
with this recommendation.
A Joint committee Of senate and
house has reported recommending some
changes about the state house, repairs
and Encouragement Of rooms. For one
thing the committee recommends that
not so many rooms be permanently
occupied in buildings outside of the
capitol. For one thing the committee
recommends that the room occupied by
the horticultural department be vacat-
ed and that department go in with the
agricultural department, and the room
be used for other purposes. This would
effect settlement Of the problem as to
what to do with the insurance depart
ment of the state. The committee
recommended that the executive coun-
ell be given a special appropriation Of
$11, 800 for making changes in the vari-
Gus rooms in the state house.
The Ring bill for blue sky law
passed the senate after hard fight
against it. The bill Is substantially the
same as the Thomas bill, or the one
Ix~ $h1 80