Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1916-10-05
BANKS DODGE TAXES
Some Institutions Escape Tax.
alton BY Illegal Deductions
STATE is SHY ABOUT $4,000
Accounting Department Finds Irreau-
iarities In Assessments and Effort
ls Now Being Made to colIeet.un-
paid Taxes.


is Now Being Made to coiIeet.un-
paid Taxes.
Des Moines.-Discovery that some
Of the banks Of Iowa are escaping tax
alton by making Illegal deductions
from the amounts submitted to the as
SCISSOR for taxation was made by J.
F. Wall, head of the county account
ing department of the state.
In a statement given out he says
that record OF $4,000 in taxes which
banks did not pay has been found in
the last few months. OF this amount
about $4,000 has been collected
through the efforts of the state de-
partment.
In one county where there we're
twenty banks, Mr.. Wall found that
eighteen of them had been paying ev.
cry cent of tax required. The ether
two had not. These two banks, the
state official said, owed the county
$500 in unpaid taxes, which the de-
partment now is endeavoring to col
lect.
Some of the ways the banks in
question used to dodge taxes We're:
Deduct government bonds from he
capital stock; deduct estimated
amount of taxes for the year; deduct
from assets certain securities; carry
paper which is credited as good By
bank examiners, yet declared worth
less for assessment purposes.
In several counties it was discover
ed that several banks had listed bank
stock for assessment as moneys ana
credits. In this classification the
stock was taxed at a fiat rate of
mills instead of the regular tax rate
OF the city and county in which the In
stitutions were located.
Civilian Rifle Team.
Iowa probably will send civilian
regular state team picked from the
national guard, to the national shoot
which opens Oct. IL, at Jacksonville,
Fla.
Governor Clarke and Adj. Gen. Guy
E. Logan have been notified that the
new law provides for civilian team or
college team or combination of
both. this year, and that $1,000 is avail
able for paying transportation of a
team Of twelve to Jacksonville.
The state officials have not deter
mined the exact method OF picking
the members OF the civilian team.
They are discussing the advisability
of holding state shoot on the gov.
eminent rife range, the men making
the best scores to be named for the
team.
Rifle clubs OF the state may send
their best men to Des Moines to COM
pete, IL the proposed plan Is adopted.
Iowa has a number of rifle clubs
with which are identified probably
1000 members.
The picking OF the civilian team
will in no way interfere with the
team to be selected from the nationaI
guard to represent Iowa at the ma
tional shoot. The selection of the
guard team now is under way. Adju-
tant General Logan has sent list OF
thirty of the best marksmen of the
from which eligibles may be selected.
The guard team will consist OF sixteen
members. The civilian team will
have twelve members.
Shortage Of laborers. s
The state free employment bureau
cannot supply the demand for labor
ers. The situation is expected to
grow worse. Iowa has S73,000,000
bushels of corn to be picked. At an
| average OF cents bushel, the cost
OF handling the corn will be s1S,920,-
| 900. Many laborers are expected to
| throw down jobs they now hold, to
take up corn picking in a short time.
Auto Plates Cheaper.
The state executive council has en-
tered into a new agreement with the
maker of the automobile plates for
use in Iowa, by which lighter plate
is used, and the price is reduced from
% to % cents per pair. All plates in
the series of 100000 and over will be
| OF slightly lighter material, but as
durable as the older plates. the man
ufacturer claims.
! To Protect Stock Feeders.
The state dairy and food commits
sion now is taking up the work OF
testing all cotton seed meal sent to
Iowa for feeding purposes. Last year
the department discovered great
frauds in this material, and secured
refunds of several thousands OF dol.
lars for Iowa stock men.
To Fight Stock Plaques.
DR.. ]. l. Gibson, state veterinarian.
fayors asking the next general as
sembly for an appropriation of $780,.
900 to fight hog cholera and tubercu.
losis in cattle.
Attack Blue Sky Law.
The blue sky law is being attached
in the United States courts by an or.
ganization OF corporations in Ohio,
Michigan and other states. At a re-
cent meeting OF the association of at
torneys general. held in Chicago, it
was decided to jointly defend the blue
sky laws, as all states were more or
less interested. Attorney General Co.'S
son of Iowa has been asked to prepare
a brief and argument for the attor-
neys general and appear before the
United States supreme court at Wash.
ington.
Award Paving Contract.
/ 49, Ill l.