Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-06-24
IOWA BANKERS NOT ALONE IN
DESIGNATING NEW SYSTEM
As FAILURE.
ONLY THOSE COMPELLED
20 JOIN HAVE COMPLIED
None in Iowa and Only Eight in Entire
United States Voluntarily Enter Re-
.erve-1ankers Conclude Benefits to
Be Derived Are Nil - Dr.. kepford
Ready to Enter Evanselistie Work.
snecial 10 r.russ.R epu hlican,

department, has just returned from al
tending the annual national meeting
of supervisors and examiners Of banks
held this year in Oakland. There was
good meeting, about twenty nine Of
the states being represented.
One OF the principal topics of dis
cussion was the federal reserve sys-
tenn and its apparent failure. The re-
port from other states was alnos'
identical with that from Iowa-the Only
banks that have gone into the system
are those that We're compelled by Ia"
to JOIN. the national banks. All 9TH
ers have remained out.
So far as ascertaine6, there have
thus far been only eight banks organ
United States, that have joined the
nounced at one time that forty one
joined, or indicated an intent 10 join
but probably some of those were pr
yate banks.
Not a single bank organized under
state laws IN Iowa, so far as known
mas joined The reserve ~ SASii4.
"A member of the federal reserve
board for San Francisco spoke al ouI
convention and urged that the banks
all join" said Mr.. Wolever but ne
added nothing new and presented nc
argument that has not been all thrasec
out before. The fact seems 10 be that
il turns out that there are very sma.
benefits 10 any bank IN the connection
with the federal reserve. Nose OF ouT
state and savings banks have been
able TO rediscount or borrow money
from other banks, as needed and this
is presented as the CHIEF advantage Of
the federal reserve system The banks
that join must put in a part Of their
capital. which means q reduction n
their own working capital, and the
prospect Of a dividend oC this invest
ment IL remote, rather 1t looks more
Ike an assessment. So there Is 10
great enthusiasm among the state or
gani1ed banks Of the country
Dr.. A. e. Kepford, who retires mex!
week from the state tuberculosis de-
parSMient, Will start out July prompt
Is ii evangelietio work. His first work
in this line will be IN Goodell. Han
cock county, after which he Will go to
SerEeat Bluff, IN Woodbury. county
and he has other engagements CLOSED
or in process Of negotiation covering
many weeks Of work.
The plan of work Is to hold union
tabernacle meetings. He viii have as
soc.a ted with him Frank e. Nangle and
Mrs. Orla etler-Nangle. the former
as chorus director and the latter as
soloist. and Mrs. kepford, who is 2
brillian woman. will take an active part
in the campaigns. At each place
where meetings are to be conducted
there VIII be thorough organization
under the heads Of the local churches
and guaranty Of harmony.
DR.. Repford starts out with his
status in the affairs of Iowa already
fully esta bhshed, as he probably has
spoken TO as many of the present gen
Grafton of active Iowa people as any
other man, and he enjoys wide per-
sonal popularity.
News Of the death at Forest City OF
DR.. Paul o. koro was received with re-
gret at the state house. Dr. koto had
been a member Of the legislature and
as such had a large share n bring
ing the Iowa laws as 10 veterinary sci
ence UP to date. Governor Cummins
made him state veterinarian and he
held the office FOR eight or nine years
having very much 10 do with estao-
fishing the department on a firm foot
ing He was a pains-aklng and con
scientious public official, much loved
by those who came IN contact WITH
him, and he retired voluntarily with q
belief he had contributed quite enough
Of his life 20 the public service
Articles Of Incorporation have beer
filed with the secretary Of state by the
Malvern Milling Company. The orfic-
ers are L. w. Boehmer, e NJ. Rep
iogIe. H. F. Boehner and Robert
Roehner. The capitalization is 49,
900. The company Will engage
in the manufacture of -four, meal and
other products made from grain. The
Weisar and Lamar company Of Sioux
City has Incorporated for $4,000. ant
will engage in the buying and selling
: are J. F. Weisar, Len II. Lamar anc
Lee S. Lamar
AioIiSI new IOeSiiOH mas ARISEN d
TO the application of the law in regar,
to children engaged in outdoor oecu
pations. 1t would seem that garden
er or farmer has no right to emplo.
his own child at the market house
under the age limit.
The law provides that as to certain
of the restrictions they shall apply ex
cept that parent may employ his owl
child ii arg way hs SEES fit. That *
ception. however. does not apply as t
what are called the outdoor trades
selling papers. shining shoes, etc. Tn
law is unyielding as to forbidding an,
hoy under IL or girl under IS engaging
IN any outdoor occupation or being EN-
ployed in any public place. This ap
plies whether the child is working 70
and under . parent or not. A marke
house is a public place There seem
( TO be no escape from the conclusion
that gardeners and husksters must no
employ their children in stalls at tn
market place.
This fact fs coming 20 the attention
.5e9 those who frequent the Des Nome
market house and It may cause trou
Bile.
Chauncey A. Weaver, for many year
EDITORIAL writer on the Des Moline
I Capital. has severed his relations wit
that light Of civilization and probabl
WIN enter other business He will b
!, o6fceeded by Reuben E. Pface. Ion
connected with the Capital and . ma
e ability and force