Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-02-16
NEW DEPARTMENT. MUST HAVE
AT HEAD MAN OF FIVE
y. YEARS EXPERIENCE.
sToR ARNEN OUTLINES
ADVANTAGES OF PLAN
Sopsa More Pr;vats Banks Will Now
Come Under State Laws-Nsw Plan
Faxorsd and Advocated by Majority
Of stats's Bankers ~ state Printer
and .B.ndsr Mot 70 5s Abolished.

been generally considered an off year
for commissions /, the Thirty-seventh
general assembly has created new
commission already and thus far has
abolished none. The senate yesterday
voted to create state banking de-
partment. following the action OF the
house yesterday which also passed the
bill. It now only requires the COVER
nor's signature to become a law.
Senator Arney, Of Marshalltown, who
q in the banking business, fathered
the bill in the senate. There was only
one vote against it, that OF Senator
Proudfoot, Of Warren county.
The state banking department, which
is now a part Of the state auditors of
flee, will be taken out of that office
and separate department will be es-
tablished. 1t will be under the charge
of a state banking commissioner who
will receive $4,000 per year. Bank ex-
aminers will get from $1,000 to $4,000
per year. The state banking commits
sioner must be banker Of at least
five years. experience.
.The states banking department re-
quires banker Of experience at the
head sof- sit" said Senator Arney yes
ls.erday when asked what the advans
tages of the new plan would be over
the old. with q salary as Provided
+ | IN this h;l! will he able to employ
an experienced man and one who
knows the banking business thoroughly.
1.-THE auditor OF state is Of course
not a banker and the banks have felt
that they wanted 4 banker In charge
Of their work.
yf believe further that more Of the
private concerns calling themselves
banks may change now and come in
under the state laws"
SSThe Iowa bankers had the machinery
web. oiled 70 secure the passage Of
tbs law Not q member OF the legis-
lature evidently had escaped their
notice and the plan for separate de-
pRrtment seemed to have won over
nearly all Of them. But little has been
said by the bankers c0ncerning their
proposed law aAd II was therefore
Somewhat a q surprise that the bill
went thru 30 promptly and with prac-
tically no opposition. ~.
It is not considered probable that the
present legislature will abolish the Of
nee; of state printer and binder. This
was before the Thirty sixth general
assembly and was made an issue In
the. campaign last fall. A bill has been
Introduced in the house to do away
with sthe state printing Office and let
all the work by contract.
Senator Kimball, of Pottawattamie
county, said yesterday II this bill
comes before the senate, or similar
bill, he will endeavor to amend 1t to
provide that the prices to be paid I'M
der the system proposed shall not ex-
coed the present prices paid by the
state for printing. In this way, he de-
clares, the state can be assured Of
keeping the price for printing down.
Otherwise the printers could easily
fcbhnbine on state jobs and -boost up the
/ price.
There are number Of candidates
for the job OF state printer and state
binder. & The present binder, John
Jameson, claims that the price of
/ cloth, leather and other bindings has
gone up SO much that 1t is making the
state workat the contract prices, un-
. profitable.
Tie order OF railway conductors
with headquarters in Cedar Rapids
yesterday made an objection before the
senate insurance committee to the
Proudfoot bill which provides that 'if
o society makes loans on certificates,
the valuation shall be based upon e
mortality table not lower than the
American Table OF Mortality and ~
per cent interest," It. IL claimed by
The trainmen that this provision will
operate against the loans they are ac-
customed to make their members. The
trainmen say If the laws work against
I them here they will be inclined to ac-
cept proffer to move 10 Cleveland, o.,
!. and consolidate with two other similar
organizations.
Members Of the senate committee on
insurance will try to amend this pro-
vision so that 1t will not operate to
! the disadvantage Of the trainmen's or
ganization.
Representatives Of the supervisors
peared before the senate committee on
county and township Affairs yesterday
afternoon to explain the requests for
changes in existing laws and for new
legislation incorporated in the reso-
l1itions adopted by the association at
Its annual meeting in Davenport last
!. August.
The Legislative committee will go be-
fore the senate highways committee
today with its resolution recommend
Ing that the state highway commission