Show LAW HELD INVALID Iowa Court Decides Against Anti Compact Law Which Shut Out Insurance Companies Des Moines la Oct OJtllfbe Smith McPherson of the Federal court has rendered an opinion In which he holds the antlcom acl law placed on the statute books of Iowa in 1S9C is Invalid and asserts Insurance companies have us good a rIght to combine an other commercial Interests The opinion is of farreaching importance im-portance affecting every company In the State eightlive of which asked an Injunction restraining the State Auditor Au-ditor from enforcing the Blanchard hiw I which prohibited two or more com nanles entering an agreement to llx rates Judge McPherson does not hold the law unconstitutional because of violating violat-ing thc constitutional provision requiring requir-ing all laws to be general l and uniform In operation but claims the State Auditor Au-ditor has i no right to shut out of this Stale any foreign company which he finds solvent and financially worthy |