The Bismarck Tribune Newspaper, March 15, 1922, Page 8

THE BISMARCK TRIBUNE ID, 141,841.40 | in the raising of corn, tame grass and| stove, You have to get out and go| by dint of hard work it will bo possi- in comin, 8 will be discussed at a potatoes on ais land, is more desirable | after his business.” ‘ He to secure moderate. ration and SPUD GROWERS Boeing eects ue gaierat public at as a credit risk and a safer party to}. ‘One good crop will do much to bet- |' WILL G ATHER ge A .$9, 291, 706-4 | whom to make a loan than the farmer|ter conditions, \ North Dakota is in| that things will continue to Improve Grand Forks, Friday, March 31, C, W. “42,000,000,00| Who does not make such a showing, | better shape than most states because | #8 the months go by. Randiett, director of the extension di- * +" 40,000.00 | ‘Therefore this department feels war- | of the lack of land inflaton during the vision of the agricultural college, an- 969.21 | ranted jn loaning a somewhat larger| war boom.” “AGE EIGHT WEDNESDAY, MARCH 15, "22 * PRIVATE BANKS. SHOW ABILITY Discount on bank bonds..... Advanced to Farm Loan De- partment + 350,000.00 Total Resources Liabil Capital .. Surplus Net. profits"; Cashier's chet 5 Fargo, March .15,—Problems of im- Allegheny river is navigable for 150 | portance to farmers of the state who is that Miles above Pittsburg. TO MERT CALLS Statement cf Bank of North Da- kota Reflects Easier Situa- tion in This Regard FOOTINGS SHRINKING Farm Loan Department to Loan Half Million’ Dollars a Month, Report Says Increased ability of private banks of the state to meet their obligations, an increase in cash reserves and activ- ity of the farm loan department of the Bank of North Dakota is reflected in the statement of tne bank’s condition as of March 10, 1922, made today by C. R. Green, manager of the bank. The statement is made as of the same date as called statements from’ national and state banks, it being the announc- ed intention of Mr. Green to fojlow the call of the comptroller of the currency in making statements of the ‘condition of the Bank of North Dakota. Real estate loans are being approv- ed at the rate of $15,000 to $25,000 a day, according to the statements‘ of. ‘W. B. DeNault, manager of the farm loan department, whica is made a part of the bank statement. Mr. DeNault says thebank expects to appraise and approve loans at the rate of one-half million dollars per month hereafter and “hore to be able to increase our capacity beyond this amount.” The Bank of North Dakota, the statement shows, hag advanced $350,- 000 to the farm joan department, pending receipts of money from bond sales, waich now will come regularly. Reduce Ecrrowings. The bank statement shows that banks of the state have reduced their red with applications, according to Mr, Individual deposits subject’ to check 332. shot dnote i Time certificates of deposit. 1,459.6 Public deposits, sinking funds 1,112,2 Public deposits, General and other funds—State Treas- urer and state institutions 1,884, 952.69 Public deposits, General and other funds—County, clty, township and school’ treas: * urers “Su seesrneide Due to depository ‘ban! Proceeds of bonds for, which interim. certificates or re- ceipts have been issued... Registered checks ; Collection items Certified checks Total Liabilities ... A The farm loan department is swamp- +20 02 DeNault’s report. ‘Total applications have amounted to $9,591,500.00 and new applications are coming in at the rate of approximately $100,000 a day; he states, Tne total amount of farm loans which may be made’ under pres- ent legislative authority is now ex- ceeded by the amount of applications. A Loan $15,000 a. Day. “Regular aprraisals in the field were commenced about February 1,” the report says. “We have seven ap- Praisers spending all of their time on this work and loans are being apprais- ed as rapidly as it is possible for our office: force to digest them. Up to this time loans have been appraised in 52 out of the 53 counties in the state and new loans have been approved in the amount of $271,250.00. The ap- Ptaisals are coming in and the loans are being approved at the rate of from $15,000, to $25,000 per day.’ We ex- pect to be able to appraise and ap- Prove loans at the rate of one-half mil- lion dojlars per month hereafter and ‘hope to be able to increase our capac- ity beyond this amount somewhat. At- tention is called to the fact that at this rate it will take the remainder of the present year to handle the’ avail- able funds.” ‘At the rate of a half million dollars a@ month an average of $10,000 per month would be‘ placed in each county. “We are working as jarge a force as can be worked to advantage and aro obligations to it since the last state- ment, as of Dec, 31, 1921, by. $234, 604.27, or from $4,096,807.00 to $3,762,- 202.73. The discount paid on bank bonds sold by the former state administra- tion is shown by the report to be $141,841.40. No attempt is made by the bank to.change the method of making tie statement in many re- spects from the former administration pending the audit report on the bank. The $141,000 item+is carried as a re- source of the bank, Among the resources of the bank which indicate losses to be sustained in greater or less measure are the fol- lowing: due from closed banks in loans, $491,790.40; redeposits in closed banks, $997,903.73. discount on bank bonds, $141,841.40; interest earned (net) uncojlected $293,561.22. Profits are listed as $129,969.21. In comparison with tae Dec. 31 re- Port it is shown.that loans to the mill and elevator and Home Building as- sociation show little change, but there is an increase in the amount loaned to state institutions from $170,004.74 to $406,716.16, being advances chiefly made because of deficiencies in the funds of the educational, penal and charitable institutions. Footings Shrink. The total footings of the bank sow a shrinkage from $9,456,237.20 on Dec. 31. to $9.291,706.40 on March 10. Total deposits from public corpora- tions are shown in comparison with the previous report as follows: public deposits, sinking funds, Dec, 31, $1,- 316,396.11; March 10, $1,112,213.76; public deposits, state treasurer and in- stitutions Dec. 31, $2,358,259.47; March I, $1,884,952,69; from county, city, treasurers, Dec. 381, $1,287,684.13; March 10, $1,844,611.20, The condensed statement follows: Bonds, U. S. tate and pub: onds, U. 8., state = 4 lic corporations .........++ $ 630,397.16 Loans to banks: Open banks ...$1,197, 269.66 Closed banks,. ‘491,790.40 1,689, 060.40 Loans on warehouse re ts and other collateral . we 61,292.04 Loans to public institut 3 Mill and Elev..$1,055,310.50 Home Building 413,716.16 Other St.:Inst. 406,926.05 1,875, 952.71 Warrants . a 86,945.71 Interest earned (net) un- collected vee 292,561.22 i 33,642.43 13h + $1, 0% O1 Closed banks.. 997,903.73: 2,073,142, 67 Cash and due from corres pondent banks 1,612, 657.33 Due from state, Se) corporations’. 7895955, Transit items 196,084.34 Appraisal fees . 274.87 Interest paid in bonds, Bank Series, 50,000.00 107,100.00 Die i i i gestion. No harmful For fidty years a ly for colds, goog, gr At your druggists, a New Dis: for Colds and Coughs ' |Constipated? Here'sRetief!Cieanse ithe eet with Dr, King’s Pilly I prompt free bile flow, stir up liver and get at the roctel the trouble. All druggists, 25c. PROMPT} ‘WON'T GRIPS | : Kings Pills iF bending every effort possible to make loans as rapidly as possible,” the re- Port says. Diversification Betters Risk. Regarding regulations concerning ownership of dairy cows in making loans Mr. DeNault says: “While the loans made by this de- partment are based primarily on the amount in proportion to the value of the security to the farmer who is well diversified.” ‘ IMPLEMENT AND HARDWARE BIZ: | IS PICKING UP Fargo, N. D., March 15—The Imple- ment and hardware business in North Dakota is going to be bett2r this year than last and it’s going to continue to improve, say managers of whole, sale houses ‘here. International Harvester branch houses at Fargo, Grand Forks and Mi. not are expecting improvement, ac- cording to G. E. Petrick, manager of the local branch, but things are not quite so good at the B'smarck branch which deals with the southwesern part of the state where years of drouth have had the:r effect. His company is putting more men into the field this year all over the state and expects to make a showing he said, adding: “Yiu can’t ‘sell to ‘North Dakota farmers any more, by sitting around and spitting tobacco juice against the etch ROR a aie se - Dodge Brothers’ are proud: that.theirs was the only car of its type and ‘class chosen by the War Department. Wherever soldiers, meet, this car is spok-' en of in terms of ad- miration and even af- fection. Dodge Brothers cher- ish this new spirit of value of the land offered as security, the financial standing and particularly the diversification of the applicant, are taken into substantia) considera- tion, in arriving at the amount to be loaned. A farmer owning poultry, and ~—— BAD BREATH Dr. Edwards’ Olive Tablets Get at the Cause and Remove It Dr. Edwards’ Olive Tablets, the sub- stitute for calomel, act gently on the bowels and positively do the work. People afflicted with bad breath find quick relief through Dr. Edwards’Olive Tablets, The : pleasant, sugar-coated tablets are taken for bad breath by all whe Hnow, ne i ir. Edwards’ Olive Tablets act gen- tly but firmly on the bowels and liver, stimulating them to. natural action, clearing the blood and gently: purifying the entire system. They do that which dangerous calomel does without any of the bad after effects. All the benefits of nasty, sickening, ging cathartics are derived from r. Edwards’ Olive abs: without &riping, pain or any disagreeable effects, Dr. oe M. Edwards discovered the formula after seventeen years of prac- tice among patients afflicted with bowel and liver complaint, with the attendant bad breath. Olive Tablets are purely a vegetable compound mixed with olive oll; ou mu know then by thes olive col af e one or two e' ni a and note the effect. Ise and 30c, ee good will which has come out of the world as their most valued possession. Danse Haomens | MOTOR CAR M.B. Gitman Co. Smusacn <—— Prone 60" Old Shoes Made to Look Like New We have opened an up-to-date Shoe Repair Shop on Fifth Street, opposite Annex Hotel Building. Our’ workmanship is_ first- class and our prices are rea- sonable. Open evenings until 7:30. Give us a trial. Tilsner’s Shoe Repair Shop 208 Fifth Street See The New And The New ESSEX Now Show COACH ing at The Fair Store Building 210 Main Street. These models will delight the lover of a 7 Fine Car. R. B. Loubek Motor Co. 214 Main Street. ’ ca aa “The general expectation GRAND OPENING SHOWING : . iets orem FRIDAY - SA MARCH 17 You should see the NASH four at $985—An Exceptional Value. Then.there are the various other NASH Open and Closed Models including the Sport Model Lahr Motor Sales Company SHOW, ROOM OPEN EVENINGS eee a AjGe 3) WGh vpn, Wall be open for your approval tomorrow, Thursday morning, in our new store MARCH 18 The Finest Line of Men’s Wear ~ Ever Shown in Bismarck intend to rajse potatoes in 1922 and/| nounced today, TURDAY - SUNDAY MOTOR CARS MARCH 19 ; 4 = = Ee 2 at 408 Main street. For weeks we have been refinishing our store and arranging our new stock,, Now we are fully ready to show you the most complete. line of today’s styles in men’s and youths’ wearing apparel ever seen in Bismarck. Our fgmer store on Fifth street was known as the “Big Value Store.” We will maintain this reputation in our new location and to start out with a rush we will A ol ge give you during our opening week commencing tomorrow— ~ Special Reductions in all. Departments Unusual values so early in the buying‘season is not common but we aré pioneers in value giving and you can save good money on your spring and summer wear by trading at this store new! O'Donnell Shoes, Lanpher Hats _ Men’s and Boys’ Clothing. Men’s and Boys’ Furnishings, at Greatly Reduced : osen’s Clothing Store G. 408 Main Street — The Store With The New Front. a7 Tom and Caps Prices. Boys wishing to Join the Boys’ Band are invited. Par- ents are urged to come with their boys.