The Bismarck Tribune Newspaper, October 1, 1923, Page 1

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

A Sunday. Cooler tonight. ESTABLISHED ‘1873 / STATE . IL BISMARCK, NORTH DAKOTA, MONDAY, @ L ‘HE BISMARCK TRIBUNE OBER 1, 1923 ELECTION CLASH LOOMS IN GKLAHOMA “STATE BOARD, - GOV. WALTON, IN CONFLICT Governor Orders’ National Guard and Sheriffs to Stop Special Election BOARD SAYS GO AHEAD District Judge Issues Order Preventing Interference With The Election PLAYS TRUMP CARD Oklahoma City, Oct. 1.—Play- ing his tramp card, Governor :J. C. Walton reconstituted the ‘state election bodrd and orders issued by the new board went out at once to all county boards to halt the special state election of tomorrow, An*hour after the Governor's order revising the personnel had been delivered to the Secretary of State arid orders from the ¥ new members instructing county election boards to postpone elec- tion had been placed on the wire, old members of the board de- clared that they knew nothing of the executive's action. They said they still were instructing county boards to hold the elec- tion. Mr. Siort also made public his opinion to former Governor Rob- ertson holding that the chief ex- cutive has no authority to com- mission special state police ol- ficers. The opinion applied to Gov. Walton in naming thousands &f police would have the effect cf declaring invalid positions held by all such officers. ARMED FORCES FACE _ Tulsa, Oct. 1—Armed forces faced each other at noon today at the Tulsa connty . courthogse, as the hour “sppfoathed for the distribution of election. supplies + to precinct polling places for to- morrow’s election. « “Twelve armed eitiaen volun- teers” commissioned Sunday night by Governor Walton’s in- «telligence officer, R. R. Stevens, were stationed in the headquar- ters of, the county election board in the basement of the county building while more than 100 special deputies sworn in by Sheriff Sanford today moved throughout the building. Distribution of supplies will begin at 1 p. m. it was declared. Stevens’ men said that any ballots or supplies regeived from the building “would He taken out over our dead bodies.” : & & Oklahoma City, county officials by board. The initiated bill to be vot-! placing water lature | exp! I inve: igate | spe jal assessments ed on would = gi the le; power to conveneé\ and acts of Gov. Walton, “If anyone attempts to interfere with you in the conduct of this elec- at tion have him thrown in jail ‘once,”. th legram ordered, Sheriffs in every county in the tate board ‘ion and) state were urged by thi to study the laws on el “to provide a safe ballot.” The office “of Attorney-General George F. Short was being deluged with inquiry as to the legality of the! with Pierce Butler Jr., an /attorney election,’ All inquiring were told iti for the company, and guardian/ of was valid. Sheriff Tom Carver of Oklahoma county announced he “was ready to deputize every man.in the county to 8 at the. polls.” He said he would make no effort to, these negot! prevent to insure the election but! sion entered into an agreement for prevent distur! was prepared to stop any violence. Sheriff Carver said “I have re: ceived written instructions from the tire amount. to be stop tha | within ninety days from the date of ) Governor ordering me to Helection ‘in Oklahoma. County but have also received instructions from eneral, and George Short, attorne; BOND ISSUE OF $235,000 MUST BE VOTED IF CITY IS TO CARRY OUT President of City Commission Explains Negotiations Leading Up to Purchase of Plant, Tells How Special Assessment Sale was Blocked and Points Out‘ What He Declared Is the Real Issue Before the People in the Special Election A statement of the reasons leading up to the calling of a special election for October 13 and the necessity of voting $235,000 of bonds to complete the water works negotiations was mede public today by A. P. Lenhart, president of the board of city commissioners. The statement of Mr. Lenhart follows: _ ‘3 During the winter of 1922-1923, the board of county commissioners, in an effort to bring to an end the controversy whéch had continue for about four years between the people of the city and the Bismarck Water Supply Company, offered, to the company $265,000.00, for the complete water works system owned ‘by it. Though this amount was| in excess of tire value of the property fixed by the city engineer, it was| thought advisable to make some concession rather than to prolong the differences. This offer was rejected by the water company and) then was officiaily withdrawn. Up to this time the water company } had demanded $500,000.00 for its property, but had offered to sell tt for that amount. : { CITIZENS CALLED IN | “Failing in these negotiations, the water controversy was considered by the board of directors of the Asso- | ciation of Commerce, and upon its i appointed to confer with the city commission and to help determine what course should be pursued with %, ry ‘ A acference to the municipal water | St. Mary’s Boys’ Organization) Plans Entertainments supply. This committee consisted of PLAN FOR ACQUIRING WATERWORKS; ‘wanis club luncheon today on the Oct, 1.—Instruc- | towers, reservoirs and other contri- tions to jail every person attempting| vances and structures necessary for Vito interfere with the special state,a complete water works system, and election tomorrow was sent to all. te election | improving, enlarging, relaying or r A. W. Lucas, P, C. Remington, H. J. Duemeland, Dr. N. O. Ramstand and J. P. Sell. It was determined to pro- ceed with the construction of a com-! plete water works system. The! plans of the city engineer called for| a filtration plant, reservoirs, pump-; ing station, and a complete distribu-| tion system, The estimated cost of} such complete system was approxi- mately $700,000.00, It was deemed {advisable to raise a portion of the cost of the system by the sale of bonds, At this time it of course was not known whether the system would have to be constructed entirely new, gv whether negotiations: would be reofidhed wit the water” company ‘for the purchase of its property. The city commissionegs therefore sub-j mitted to the voters, on May 14, 1923, the question of issuing $225,- 000.00 of bonds for the purchase or construction of a complete water; works system for the furnishing of a supply of water to the inhabitants! of the city. Bonds Authorized “The bonds were authorized by al very large majority, It deter- mined to pay for the remainder of | the cost of the water works system! by levying special assessments upon the property benefited. The statutes of this -state expressly authorize the| levying of special assessments for the construction and™erection of a pumping station, settling basin, fil- tration plant, stand pipes, and water or the purpose of laying, extending, ins. A statute a uthorizes the’ levying of the purchase of a water works system, the same as for it. construction new. The city commissioners advertised for bids for the construction of a complete system, and received such bids in the early part of June 1923. Upon’ re- ceipt of the bids, contracts were) awarded, and while this action wal in progre: eo, P. Flannery. ‘of St. Paul, thé president of the Bismarck Water Supply Company, together one of the heirs of the Alexander McKenzie Estate, came to Bismarck and reopened negotiations for the ‘ale of the property of the water supply company. ~As a sult of! jations the city commis- the purchase of the plant, on June ‘announced also that the band, which \'the St, Mary's school band, which al- | ready has become popular in Bis- marek, will give five concerts during the fall and winter, Father Slag, di- rector of the band, announced today. Season tickets will be offered. All concerts wil] he in St. Mary's audi- torium the first to be given in Octo- ber. Other dates will be announced later in The Tribune. Father Slag/ now is composed of 36 members, will j be. increased to 60 in the near future. ! J.C.PRTERSON PIONBER, DIES Succumbs to Cancer of Stom- DR. COULTER IN FRANK TALK ON N.D. PROBLEMS Speaks Before Kiwanis Club on Bettering City and County Relations POINTS OUT RESOURCES North Dakota Most Temper- ate State, He Says—Must , Make Most of Chances Dr. John Lee Coulter, president of the North Dakota Agricultural College, does not say “farmers and business men.” He says “farmera and other business men.” Dr. Coulter made this plain at the outset when speaking before the Ki- subject of better relations between farm and city peopl. The A. C. President's talk follow- ed one by R. and better relations between” farm and city people, Justice Sveinbjorn Johnson was chairman of the day and guests included F, E, Diehl of the ‘board of administration and R. A. Wenzell, Commissioner of the Workmen’s$Compensation Bur Dr. Coulter’s address included four phases; 1st, the misunderstandings; second, agricultural opportunitiés; third, past history of the state and! fourth, making the most of the op- portunities. Must Have Equal Basis | The first part pf Dr. Coulter's ad-| was devoted to a study of the misunderstandings which have “de-! veloped from the people living -in the cities and those in the eountry districts. ‘tothe farmers as those, who: all wealth and those...who nee cities as the ones who get it-and ac- cumulate it without: rendering any service. As a matter of fact any at- Frequently speakegs refer, GERMANREVOLT QUELLED\WHEN SOLDIERS FIRE Attackers of Garrison 50 Miles From Berlin Are Driven Off, Dispatches Say OTHER FATAL RIOTS French Police Patrol Duessel- dorf After Ten German Die in Rioting CENSORSHIP IMPOSED Berlin, Oct. 1—A censorship has been imposed on all militgry news sent from Germany. CABINET CRISIS LOOMS Berlin, Oct. 1.—A German par- liamentary crisis is predicted to- day. Political circles say social- ists will withdraw from the gov- ernment as a protest against the manner in which the party has been discriminated in Bavaria and that Chancellor Stresemann will form a pure boungeoise ca- binet, With himself as head. London, Oct. 1.—A_ revolutionary movement originated by national or- ganizations has broken out aj, Kuer- strin, 60 miles from Berlin, “vs a Reuter dispatch from the «. .man capital. The insurgents a1. -mpted to disarm the garrison and occupy the fortress but the commander of the Reichswehr arrested the nation- alist leaders and drove back the at- tackers. | Detachments of Reichswehr have been summoned to Kuestrin and the troops ordered to suppress the revolt ruthlessly. Ass result of the insurrection, Dr, Gessler, minister of defense, has ataposed a cénsorship on atl news of | military mature. 10 DIE, 200 INJURED Duesseldorf, Oct. 1—French troops tempt to arrive at an understanding would show quite clearly, that ‘doc- tors, dentists, manufacturers, edi- tors, and other professional and bus-. lare patrolling Duesseldorf streets today, having assumed the responsi-| bility of keeping order. A formal state of siege has not been declared + ach at Home of Relative | iness men render « important ser- but the curfew law closing activi- Jacob C. Peterson, 77 years old; a resident of Burleigh county since’ March 3, 1822 and a farmer nine! miles east of here during all that time, died at the home of his grand- daughter, Mrs. Frank Stitzer, 716 Eleventh street, Bismarck, Sunday afternoon at 3 o'clock. Cancer of the stomach caused Heath, Mr, Peterson having been ill. for a long time. He had been at seven weeks. z Born in Denmark, Mr. Peterson; emigrated to America and settled! near this city. During all the period he remained on the farm. He was a member ,of the Lutheran church. Surviving are two daughters, Mrs. Morris Christensen of Wilten and Mrs, George Wick of Everett, Wash., and four sons, Andrew Peterson of Leith; Charles and Will of Morris-; town, S. D., and J. P. Peterson of Bismarck, 20 grandchildren and 1t great grandchildren. Funeral services will be conducted | from the Webb chapel at 2 o'clock) Wednesday afternoon with Rev. C. F. Strutz officiating. Burial will be in St. Mary’s cemetery here. Leaving Russia Profitable To Bismarck Man —— ‘A life insurance policy, taken out Russia 20 years ago fot payment in ussiah ruble, today was paid Rudolph P, Boehm in Bismarck in American money. Had'’Mr. Boehm re- the Stitzer home for| | - | 20th, 1928, for $265,000.00, the en- paid'in cash, the purchi There was no-reason at this time to anticipate any: diffi- 'eulty in securing the funds with J. K. Wright, county attorney, that|which to make the payment’ within election, i will do my duty enforce the law regardless of any The peo- orders from the Governor, ple are bigger than any one man.” final pi and -decla; tion In “there wi klahoma County.”. issuEs INJUN Tulsa, Oklahoma, Oct..1—An in- junction. directed: “against ‘the Ni tional Guard, of the state and all of-; ficers operating under authority of ‘commission terfering ei beet i ju it. sq ben the pumping machinery and the special state’ restraining them © from ° i with the election: toy sued today, by, Di Several hundred Ben. sworn in by Sheriff. Bob ‘Sanford, order to the court e no authority to stop any elec- n and that my duty is to see’ city engineer immediately were re-| with a 500-ruble note thrown in be- it the people have & peneanpre R. A. Woolridge, secretary, of the! county election board, was making, for holding the election ‘fl be an elec- the ‘ninety days, vised so as to: permit of the use of of the unsatisfactory condition of. the water, the filtration plant should be constructed, the necessary new pumping equipment secured, ‘that power for doing the pumping should be furnished by the:eity, that to se- cure adequate fire protection, an ad- ditional main should extend from the old. reservoirs tothe city, that to secure more satisfactory service in the city, the so-called dead ends of the old system should. be united, and that extensions should. be made to those parts ‘the city’ where there was pressing need . therefor. The filtration plant, together wit the pow- er machinery determined~ upon, ‘was cost approximately $260,000.00. no hi decla’ ean Ase, dagen every man ‘The pipe lines and ¢xtensions di thrown in jail who attempts. to hi the opening ¢f the eae is upon rile the neareet ae new system planned n The plans of the | ;, mained in Russia he probably would have received nd payment at all, be- cause the property of the company was confiscated by the Soviet, and) had it been paid it would have been in rubles and at the present value the! amount would just about have bought} ip. As it is, Mr. Boehm id $661 pai in American money cause he made some payments in The policy called ‘det maturity, which) $1,000 American policy 20 years ago. It was issued by the New York Life Insurance Company &nd the money. paid Mr, Boehm by B; 5... local agent. The‘face value on final payment was reduced somewhat be- cause of a loan having been made on it, Fort Yates, N. D., Oct, 1.—The vice to the farmers as farmers do for those who live in the towns, he said, and make the automobiles and .do the other work in exchange for the. products of the farm,” he said, “I never speak of farmers and business mien but rather farmers and other business men, on the ground that farmers are as much business men as any other class, Instead of mis- understandings and constant working against each other farmers and other business and professional men should look for every opportunity to work together because each needs what the other has to offer, The big problem is that of being absolutely, fair with each other.” “The second part of the address ‘was a discussion of agricultural op- portunities in North Dakota and how all classes of business men can, help the farmers that both farmers and other business men may prosper. “If we look at a map of North America we will find that North Dakota. is almost exactly at the center of the ighabited part of the continent,” said :Dr. Coulter. It ts about 1,500 miles to the Pacific Ocean, 1,500 miles to the - of Mexico and 1,500 miles to the northern limits of agriculture. North Dakota, instead of being » state with not enough rain and not enough, warm weather and \ (Continued on Page 8) Village Installs, ’ Electric Plant a new municipal electric lighting plant hag begun at Regent. Busine: places and residences are now being wired and it is expected that the! plant will be in operation within six wegks. Twenty-four hour service will be offe: to patrons through the use of « mammoth storage bat- tery. $; A > ‘Opportunities ; Are Unfolded : a aaennaeeel “Manchuria, Land of Opportuni- | ties” is the title of a book issued by the South ‘Manchuria railway, to which Thé Tribune ig indebted for a copy. The book, profusely illus- rated, pictures ‘the natural- re- cources of the great province in the northeastern part of China and the building boom that has struck Fort Yates recently is’ one' indication of the well-founded. faith which its cit- | izens haye in its fature development, ‘There has been more building\here hee summer then in sother) near-by towns. y x ~ More than‘ eight homies have been it, rebuilt. or are in the. process ton in Fort: “Somebody has to grind the flour,! Poutside bee of the railread in develoging | }ties from 11 p, m. to 5 a. m. is being , rigidly enforced. These measures lave been deemed necessary as a re- sult of yesterday's outbreak at a se- paratist meeting, resulting in the ‘killing of a half score Germans and the wounding ‘of many, others, the French finally intervening. A casual- ty list shows that 10 person ere killed and ‘more than 200 seriously wounded. Protably another hundred were slightly injured. The French still hold all the se- curity police in a state of arrest pending decision on their responai- bility for Yyesterday’s. riots, Their investigation has shown that the po- Hee on duty were men acting under proper authorization and that no police participated in the as some of the reports have Outward quiet has been re- trouble had it. | stored today but ‘disturbances were ih evidence among the population. ~~ PRESENTED Railroad Brotherhoods Ask Former Scale Restored Cleveland, Oct. 1.—Wage increase requests for restoration of. schedules in effect before the approximately 122 1-2 percent reduction ‘handed jdown by the United $tates Railroad \Labor Board:on July 1, 1921, were Dickinson, Oct., 1.—Installation of being presented to railroads today by the Brotherhood of Locomotive ‘Engineers and Brotherhood of Loco- ,motive Firemen, and Enginemen where contracts expired October 1. Joint action was ‘being taken in many ipstan London's, police comprise a staff of 20,114, Private Charles Graves, Company yi North Dakota Na- a returned to Bismarck tod’y from the national rifle natch ; which have beer in progress at Camp. Perry, Ohio, for @ month, bearing {with him/unusual honors for the lo- eal National Guard company. L -:Though he ig but 18 years olg and \mever shot a LOCAL BOY MAKES FINE RECORD IN THE NATIONAL RIFLE MATCHES "SELECTED , i | | Fields of ‘Olive Hill, William J. Ky,, representative of the Ninth dis- trict in Congress, has been selected \by the Democratic state central and | [executive committees, as candidate \ for governor of Kentucky to succeed the late Congressman Campbell Can- trill, who died after receiving the nomination in the regular party pri- mary election | Asks Places Be Reserved Early Reservations for the first fall For- um dinner of the Association of Com- merce, to be.given Tuesday night at 6:30 p, m. at the Grand Pacific hotel, with Dr. J. L. Coulter‘"’ “he chief speaker, should be madé | Tuesday noon, A. F, Bradley, A. oi°C. secre- tary sald today. | He expects an especially fine at- tendance because a number of outr side farmers arid business men have been invited to be gueste at the din- ner.. ‘BOOSTS CORN SHOW PLAN FOR BURLEIGH C0. 'Former. County Agent Tells} , of Plans For Holding Simi- lar Show in Montana Bismarck ought to support a, fine corn show, George W. Gustafson, former county agent of Burleigh county, declares in a letter received here. Mr, Gustafson, who now is county agent of Blaine county, Mon- tana, is in charge of the>Northern Montana Corn show to bé held at Chinook, November 8-10. “This is the first Corn Show that has ever beeh put on in this -county, but we are going to make it one of | | the biggest events of the entire state of Mentana,” writes Mr. Gustafson. “We are expecting to have at least 10,000 ears of corn on exhibi- | tion, representing the northern Mon- tana tier of counties running from the North Dakota line to the Rocky Mountains. ‘It is a district show! rather than.a county show and we have the co-operation off all the county. agents in the counties of northern Montana aswell as the Com- mércial clubs and other interested organizations. It will cost us ap- proximate $1,000 to put this show on andthe business men of Chinook, a town of less than 1,500 peagle, are raising the major portion of this amount, “Corn is assuming very large pro- portions in this section of Montana and is fast becoming the most im- portant nd dependable ,crop raised. Blaine county alone increased 300 per ‘cent in the acreage of corn this over 1922 and it is that the acreage wi id in like proportions for next year. Bismarck ought to be able to put on one of the finest corn shows of FINAL EDITION . ‘ PRICE FIVE CENTS OSES HEAVILY TOTAL LOSS T0 DATE $280,846.57, COMPETITION FORCESSALES PRICK OF STATE FLOUR 0 A LOW MARGIN Operating Loss of $124,000 Added to by Heavy Interest Charges on the Big Investment of the State in the Plant —Production of Flour Is Heavy, Audit Report Shows— Difficulties of Running Mill and Accomplishments of C. E. Austin, Manager, Are Set Forth i Hore Pasa pare ovned flour mill at Grand Forks ustained an operating loss from October 23, 1922, to July 1, 1928, of $124,581.75, according to the first public ‘audit of the enterprise made for the state industrial commission and issued by that body here today. An additional deduction is made chiefly on interest on rel es Fee of the state mill, which rings the total loss on the flour mill j Ke $350,346.57 mi Project at July 31, 1923, The capital and surplus of the state mill is placed in the balance sheet by Bishop, Brissman and Company of St. Paul, auditors, at $3,993,973.58, of which $2,988,873.11 represents mill and elevator association construction account of the mill, cele af ane Bank of North Dakota for work- g capital, dona surplus resented in site, $5,985. and deficit of $230,346,57. oa ee eee : The operating loss per. barrel of flour is shown in the report as 48 cents on each barrel produced. s The terminal elevator erected to contributed materially to the deficit, the report says, the elevator not he- ing ready in time for handling any of the 1922 crop of wheat, Officials of the Industrial Commis- IN NORTHWEST STUDIES CROPS Seeks to Leatn How Farmers May Improve Conditions Through Diversification Minneapolis, Oct study of the grain, situation in the! Northwest with particular reference, to how farmers may diversify their | crops to bring about. better economic conditions" was begun: by Dr.: Henry C. Taylor, chief of the bureau of agricultural. economica of the U. 8. Department, of Agriculture. Dr. Taylor expects to spend a month in this territory, coming in personal contact with farmers and discussing‘ their problems in an effort to obtain information which will be of value in re¢ommending an economically sound agricultural. plan. for the! Northwest states, “I have come out here to look; over the situation for my own satis- faction, “Dr, Taylor, said. By get-} ting this first-hand knowledge of conditions the Department of Agri- culture will be able to give valuable service to these states.” Dr. Taylor expects to spend most! of his time in North Dakota and Monta: He said that Minnésota,| taken as a whole, is in much better | shape agriculturally than the west- ern wheat-growing states, “Wisconsin is now completely di- versified,” Dr, Taylor said, “and Minnesota is half way there. It will! not be so very long at the rate Minn-| Wisconsin. The wheat and corn crop. reports this year are the finest indication that Minnesota is going in strong} for dairying. The wheat acreage has‘ fallen more than any other state.” completely diversified RECOVERED Feared Many. Lost in Rail Wreck Were Swept Away in Fleod ey | Casper, Wyo, Oct. prospects of compl 1.—With the the Northwest and ought to make the lead-in this work with leading corn men the caliber of George Will. There ought to be no difficulty in, putting a show of that kind acros: providing the business men will back it up.” ‘ He also qualified as an expert rifle- man. on the United’ States Army course, making 266 points out of a possible 800, He-also scored in the President's rifle match, i Graves stood secong on the North Dakota team, having 266 points. out of’ 300, while, First Sergeant Don Gates of Fargp, scored 276 points. ‘The showing, of Private Grave 1) events ‘marks- ond place, and in’ the v: s. there wate from, 600 to 1000 cars of the Burlington train whi: plunged irltto Coal Creek Thursday night carrying 25 to 40 persons to their death. For two days and two nights crew: have been kept digging out the cha: car and removing bodies.-Search of the chair car failed to reveal any bodies and gave rise to the theory that they had been washed out. ~ A préliminary| examination of the smoking car sho’ it to be in-» par- ally demolished cépdition and led workers to believe. that bodies might also have been swept from that car. FORMER U. 8. MINISTER LOW ice Francis Egan, former minister to Denmark,’ who has-been seriously |: ill several wéeks, was “slowly sink- ; the | sideration. Beach Haven, N. J., Oct, 1—Maur- | exceed sion, which now are relieved of the supervision of the mill since the cre- ation of a Board of Manay had not studied the audit repo: ffici- ently today to offer statements. In- formal views: represened both opti- mistic. and pessimistic outlooks. Views Differ. On the one hand it was stated by one official that C, E. Austin, .man- ager of the mill, had informed the commission that during August, si it report was complet operating’ income exceeded expenses by » $6194.66, this being the first month in which the bill has shown an operating profit. The mill, it was.held, has passed through’ 'the® most “trying time and ‘since the besttimes for flour mills to profit. is. in the: late fall and early winter..months. much of the losses | may be recoupea. Also that the task of building up sales for the mill has been greatest lin the early stages and the mill was forced to make»a better flour than the selling price justified in order to attract customers, The same officiel held that C. D Austin, the manager, is a capable manager, having made a reputation in handling publicly owned elevators and privately owned flour mills in Canada. That Mr.” Austin informed the legislatur@ that they need not be ' surprised, if there was a deficit of $200,000 the first year. On the other hand it was pointed out in an official quarter that th mil] already was facing a heavy loss, that as predicted it had been found | @ tremendous task to throw a state- owned: institution into competition with experience milling concerns in one of the most scientifically special- izeq businesses ‘existing, that there must be taken into consideration in addition to operating costs interest upon thé construction bonds of $3,- 000,000, which alone amounts to more than $150,000 per-year, the interest on bonds during course of construe- tion which was frequently delayed being $86,258.06. In addition depre- ciation to the amount of about $81,- 000 per year must be taken into con- To this should be added taxes which the state loses and which a private plant would pay, and which might run if profits were made to considerably more than $100,000 a year. Sales Costs High, Under the statement of operating the audit report sa; ‘This statement exhibits flour sales, material cost thereof, ope: ing expenses, selling expenses, ge: eral expenses and net operating loss of $128,058.58, which, with additions to and deductions from” income is increased to $280,346.57, th amount of deficit stated on the within balance shi “During the period under survey the elevator functioned only in the handling ang cleaning of grain for the mill. It was of course contem- plated in the original plan of the unit that it bé so constructed that it might operate as a terfhinal elevator in addition ‘to meeting the require- ments of the mill, “The total cost of the elevator and storage tank units, incléding: eleva- tor machinery, ‘is §1,241,726.10, oF ap- proximtely 41 per cent of the total investment, . “The storage capacity of the tanks approximately and ‘elevator bins storage’ apace co: 2,900,000 bushels. required *for-'thé mill, we° should not under ordinary. conditions believe, aa leave approximately 1,

Other pages from this issue: