The Bismarck Tribune Newspaper, January 31, 1928, Page 8

PAGE EIGHT MORE RESERVE THAN NEEDED Composite Statement Shows Total of $5,207,223.42 More Than Law Requires State banks operating in North Dakota had an excess reserve of $5,207,223.42, according to statistics coupiled by the state banking de- partment from statements showing tue condition of all state banks as of December 31. ‘the required reserve was $9,388,- 378.43 whereas reserves on hand totaled $14, 5. Deposits led $65,158,740.54 as compared with $73,109,172.78 on Oc- tober 10, 1927, and $69,613,132.02 on December 31, 1926. Only 368 banks and three trust companies reported at the close of last year, however, as compared with 387 bani and trust companies in October and 409 banks and trust companies in De- cember, 1926, A sharp reduction in the volume of loans and discounts is noted as compared with last October, indi- cating heavy liquidation of indebted- ness by private borrowers. The figure on December 31 last was $45,826,857.58 as compared with 351,863,279.03 on October 10 and $53,218, 06 on December 31, 1926. Hol of warrants, stocks and bonds increased $458,092.82 as com- pared with October and $348,531.71 as compared with December, 1926. Government issues in the hands of banks increased $643,481.92 as com- pared with October and $124,880.86 as compared with the previous year. lave Less Real Estate Continued movement of real es tate from the hands of banks to in- dividual owners is seen in the de- crease of $541,935.68 in this item since October 10 and $954,436.89 during last year. The value of real estate still in the hands of banks, as of December 31, 1927, was placed at $4,928,538.57. A tendency to place surplus funds 22 THe AGONIZERS. ‘ 1HE BISMARCK TRIBUNT. BANKS CARRY INDIAN BILL by Wiliams TAINK A BOSS SOHN WIT A EVER SurFERS ILeq oFF WHEN HES HURT, THEY WOULDN!| WE SUSTHAS |aer HIMA TRwLlams ASB. U. 8 PRT. CPF, © 1088, OY NEA BERNER, PRIZE WINNERS AT MISSOURI SLOPE POULTRY SHOW JANUARY 24, 25, 26 Following is the lst of nrize win- ners at the Missouri Slope poultry show held Bismarck January 24, in interest bearing securities is seen by the banking department in the decrease in amounts due from re- serve agents. On December 31 last the amount was $11,602,068.42 as compared with $13,597,694.53 on Oc- tober 10 and $9,866,803.45 a ago. The December 31 bank statements listed undivided profits totaling $855,359.06 as compared with $849,- 485.63 a ago. At the sam time the paid in capital stock creased from $7,425,500 in ber, 1926, and $7,057,500 in October, 1927, to $6,737,500 on December 31 last. Surplus funds totaled $2,353,- 654.45 as compared with $2,439,- 331.85 on October 10 and $2,547,- 964.30 the year previous. Deposits Decrease Deposits subject to check were $26,974,517.07 as compared with 8 6,709.19 on October 10 and Time certificates of deposit to- taled $33,260,051.10 as compared Serena. 5 in October and @ year ago. Savings deposits showed little change, either as compared with tober or December, 1926. The fig- ures for the last report were $3,173,- 655.68 as compared with $3,244,- 4 in October and $3,246,142.04 ago. ils payable by the banks dropped sharply, the figure for the last report being only $585,175.34 as compared with $1,306,762.79 in Oc- tober and $1,453,624.07 a year ago. N. D. Swamp Land May Be Valuable For Fur: Farming Swamp land situated in North Dakota ney be valuable property some day if the fur-farming indus. fry continues to grow, according to the state department of agriculture -and labor. Leon Fulton of Eau Claire, W! recently wrote the department ing for data on the availability cost of swamp land for use in rai ing muskrats. with the possi y of raising rab- bits, foxes, mink and beaver. The A parianent is telling all in- quirers that North Dakota furs bring miums because the state 4s in the pro ; farming and that, when animals are kjlled at the proper season, the hair is-so firmly set that the pelts com- mand fancy Although ists a North Dakota Fur Producers Association of which M. B. Chase, St. John, is president. $25,699,851.08 on December 31, 1926, | 5! Other inquiries deal [nd 25 and 26, as furnished by . se ary of the association: Each Variet; A. Falconer, Bis. ae 6 Rock—Peter Werlen, Bis. Buff Orpington —Wilbert Field, Bismarck. C. RI. Reds—Jos. Pazandak, Fulierto S.C. R, 1. Reds—Moorhead Hatch- ge. tridge Wyandotte—N, 8. Strau- er, Hazelton. jsmarck. . Ancona—Emil A. Wilke, Un- derwood. 8. C. Ancona—Emil A. Wilke, Un- derwood. a Leghorn—Geo. Smith, Bis- marek. White Leghorn—O. L. Nordquist, Underwood. Buff Wyandotte—Moorhead Hatch- ery, Moorhead. “sy ‘Mrs, Dan - McDonald, jsmarck. Partridge Cochin—Moorhead Hatch- ery, Moorhead, xe BaTTed, Rocks (Dark) nderwood. » 2nd, 3rd and 4th, . Falconer, Bismarck; 5th, Ot- yn, Underwood. st and 2nd, Lorenz G. We- ber, Underwoo Falconer, Pullets—1 A._ Falconer, sig and 4th, Wm. A. rek. ind Srd and 4th, Wm. smarck. ck. ork (ight)—Second, I. J. Ried, Bis- — marck. Cockerel (light)—Ist and 2nd, Tom Boland, Bew White Rocks 2nd, Peter Werlen, Bis- , Mrs. Jennie Moran, 3rd," Osborne Lorenzen, Hens—ist and 5th, Osborne Loren- zen, Washburn; 2nd, 3rd and 4th, R. R. Breen, Bismarck. ‘Pullets—tst, Peter Werlen, Bis- 2nd, Osborn Lorenzen, Wash- rd, Mrs. Jennie Moran, Bis- marek. Pen (young)—2nd, Mrs. Jennie Mo- ran, Bismarck. Pens (old). ord, 2nd, 3rd 4th, Cha r altitude for fur|™erck marc! and 3rd, Wilbert’ 4th, Frank H. arck. ‘Wilbert Field, nd, Margaret Jennin; Moorhead 3rd, J.C. jan. Brinsmade, Jr. 1 Reds ‘th, Jos. Pasan- rd, O. L. Nord- Hatch ery. Brinsmade. Pullete—t ind, Jos. Pazan- eter Mihm, Bis- Under. Underwood. Jov. Pasan-{ 5 au dak, Fullerton; 3rd, marck; 41 L. Nordq ood; bth, L. G. Stewart, Hens—tist, 3r@ and 4th, Merton; 3rd ‘and Ww Pen—ist, 1. G. Stewart 2nd, seceues. Un- derwood: Peter Mihm, ‘Stomereie Rese Comb Ai Emil . A. eons list and 3rd, 4 fine On ood; 2nd, 4th and Sth, and Sth, Emil A. 3rd and 4th, We, Dagnell, Hons- A. R./BI mi tao panel Pulle' Dan McDonald, Bis- marek. Pen | (young)—1st, Dan McDonald, ismarck, wn Leghorns, Rose Comb Ist, 2nd, 3rd, 4th and 5th, , Bismarck. exhibitor, ot Ist cock: Ist and 4th hen st, id ist to Sth Wilke, Under- Pen of Three—tst, St ie tlary, Blamarck. siniasaaale Single—Ist, ‘wood. Partridge Wyandotte foCok Hat, Ne 8. Strouger, Hazel-|h isha mi La H. W. Taylor, Bis- cl Moorhead Hatchery, ist, 2nd and 3rd, N » Hazelton. Pulle Straug Partridge Cochin Moorhead Hatch Moorhead, ist cockerel and ist, 2nd and 3rd puilet. . , Jersey Binck Giants F. A. Phillips, Fargo, N. D., 1s! cockerel and 1st, 2nd and sr pullet. eis Herman Ode, Bismarck, 1st to 5th place on pullets, Cockerel—1st, Chi ith, Ed W: Wagner, Underwood. st and 2nd he t, 2nd 3rd pullet, and ist young pen in class. thon Red Turkeys ‘hompson, Wilton, got ist old young tom, Ist and 2nd old 4 ist and 2nd young hens. ‘White Holland Turkeys m—Ist, Peter Mii Bjs- ind, O, L. Nordquist, Under- 6 0) jist, 2nd and 3rd, L. E. Fal t, 8rd, 4th and Sth, L. B. nd, Peter Mihm, Bis- marek. Pullet—ist_and 4th, Peter Mihm, Bismarck; 2nd, ard and Sth, L. E. Lee, Falkirk. and his Tarkeyn ho Snyder, Under- Underwood; Young. » 3rd and Sth, 1. Stewart, Underwood: 2nd, Mrs. D. i sign Solen; 4th, Geo. Brittin, Bri; Old hi Ast, 2nd, 3rd and 4th, L. nderwood; Sth, J. A. De- n. 2nd, 3rd, 4th and 5th, Underwood. Redcaps Moorhead Hatcher; loorhead, won rd hen. 1st cock and ist, ee “Golden Wyandotte Moorhead Hatchery won ist cock- erel, Ist pullet and jst, 2nd and srd hen. d | Underw: we 8. x bian Recks latchery won Ist and 2nd ‘Wid Ducks Anthony Erickson, Wilton, won ist on pair of Black Mallards, 1st on pair of Green Heads, 1st on on of Bald- pate and Ist on pair of Pintall. Hens—ist and 2nd, N87 Haactton. end, 5 reuger, Drake—ist, Moorhead Hatchery. Moorhead Hatchery ist on drake and ist and 2nd on ten. Pekin Dackn (white) “Drake—Emil A. Wilke, Underwood, 1st on old drake and ist 2nd and.3rd on young drake; 3rd, Otho Snyder, ce * Moorhead hen. ood. Hen—Ist, Emil A. Wilke, - Under- wood. ily the same for 6 Geeae White Chinese—Moorhead Hatchery jo lg on gander and ist and 2nd on African Geesc—Moorhead ‘Hatchery won Ist cockerel, 1st pullet and Ist en. Toulouse Geese—: snyder Un nro’ pat gander, Otho oung inder—ist, R. R. Breen, Bismarck; 2nd, Otho Snyder, Under- geese — 1st and 2nd, R. R. ers—Ist, An- 1» Wil : ‘ds by the American Poultry Association, Fort Wayne, Ind., available.to members only: ind champion — bird of the red Rock cocketel, a gold bit comp ttle) Vina. A. Special * Witnesses Approve and Oppose Merger St. Paul, Minn., Jan. 31—(AP)-- Expression of opposition to and ap- proval of the proposed merger of the Northern Pacific and the Great Northern railways were presented alternately today at the Interstate | 2%, Commerce Commission hearing. Of eight witnesses who testified, | W! dia majority expressed opposition on FA the ground that the cities or inter. ests represented by: them as well as the northwest as . whole would be injured by the elimination of com- petition and the reductions in serv- ice which they said would resuit from the consolidation. Tie Chamber of Commerce of Duluth expressed “unalterabie opposition” to the proposed mer. ger, while W. C. Lounsberry, secretary of the public affairs committee of Superior, Wisconsi: testified that the body he repr: sents favors the consolidation. Public witnesses who appeared in Opposition to the merger included W. H. McGill, chief lc director of the Chamber of Commerce, Far- the real estate board of Fargo; N. E. .Williams of Fargo, representing the Chamber of Commerce, of that city and farm organizations in North Dal ~and Montana; secretary of the Farmers and Grain Dealers association of North Dako- ta and J. C. Kelly, secretary of the association of public’ affairs of Crookston, Mini Besides -Mr.. Lounsberry, those who introduced ‘statements favoring the proposed merger included © W. Lewis, a member of the city council of Lakota, N. D. REPORT OFFICIALLY DENIED holm, Sweden, Ji denial-has Virgin si 000 miles, 1 80 to P. A. Lee, | 1928. NOT PROPERLY UNDERSTOOD senate committee on Indian aff jated for Tnalang of North Duta, ‘shall A expen: ro! certain sgencies of the state of North 1 a kota and politicians with than. information ha’ and would make it senator is contem} patterne. ready approved by ifornia, Montana and Wisconsin. In- dian lands, under the terms of the bill, would remain under the super- sina of the aa iy eure inds__appropriat congress for relief. ea education would be disbursed by the state board of ad- itl sete oeg and state board of h. ‘This plan of administering the affairs of the Indians through state agencies has been under considera- tion for a long time and is gener- ally regarded as inevitable. Last) October, ybile in Montana, Secre- if of tht Interior Hubert Work said: “‘The government is anxious to decentralize the Indian Bureau and the Indian problems will_eventually gravitate to the states. While there are Indian funds available the var- ious states should undertake the work. .... The states are capable of doing this work cheay and more effectively. The work will be under closer supervision. The par- ticular problems involved are usual- the white man as for the Indians.’” Mason: quotes from the message sent to congress by President Cool- idge in December, 1927, in which the executive favored turning over to the states control of Indian Af- fairs. A bill has been introduced at the request of the Indian department, Mason says, authorizing the secre- tary of the interior to arrange with the states for the education, medi- cal attention and relief of distress Indians. SAILS FOR GERMANY. New York, Jan. 31.——Miss a Rasche. German aviatrix who made a series of exhibition flights during a 40,000-mile tour of the Unit ey n the Hi Hee early on lam! mer- ican liner. Albert Ballin. She said she planned to attempt a transat- lantic flight this year, starting from .a point near New York in a tri-motored plane. ; Soviet governmen: at Moscow characterizes as “sheer fiction,” un- confirmed reports of military out- break in Moscow. rd. 103 . ML, Satu day, February 4th, in First Guaranty ink) are requested for complet! alterations to heating plant of t! ill School x. Acceptances sul usual conditions. For all car ditg | BY’ oraet vot the ool Building. By 01 o! ard of Education. Richard Pen- warden, Clerk. aps. FOURTH * . Count; Christine Becker, vB, Ibert Becker, Defendant. ‘ATE OF NORTH DAKOTA TO THE ABOVE NAMED DEFENDANT: You are hereby summoned and re- Ge'piaintife in this action, which ts ep in this 1, or will be filed with ¢! lerk of above named court, to copy of yout answer upon the serider at his ice in t Bismarck, Burleigh County, of North Dakota, within after the service of this "su pon you, exclusive: of ce, and in case of your fi appear and answer, ju will ‘be taken inst. you by def: for the relief: demanded in the com- Pipated this 23rd day of January, ’ FLOYD B. SPERRY, Kil Plaintitt, is, tl DONT STAY FAT Pacey, at! 6:18 For Boys to .| Enter Coast eer ‘An exceptional opportunity is now pe iin a | Fesse: com fes county. That Baby You've Longed For Mrs. Burton Advises Women on Motherhood panionshi| your Hoskins-Meyer Home of K-F-¥-R an te | thirty days TUESDAY, JANUARY 81, 1928 clean-limbed , Strength Always in your coffee cup whether you drinkitmild,medium. of strong—when you serve this wonderful blend. Federal Hardware and Implement Mutuals Be ee, Ng | Ble. Deen |B Me Minnespolis, Minn.’ | stevens Point, Wis,” | Owatonna, linn. Combined Assets over $12,000,000.00. Surplus over $4,000,000.00 Writing Select Risks Only k SAVING 50% OF THE BOARD RATE to policyholders on our better class risks for more than 20 years, ampunting to more than $22,000,000.00 Automobile Insurance Complete Protection in One Policy Fire, Theft, Tornado Public Liability Property Damage Collision, Plate Glass to policyholders J. F. Griffin, State Agent 282 Ave. A West Bismarck, N. Dak. $25.00 Special Opening “ Cash Prize Monday, January: 1 contest contin te February 16, 008.” . as it Skins, Hides and Furs Advanced We are now more money thai a advantage of the strong market and ship be- shi ‘wae fe ibbit ae aon metal direct Bring or ev fr, ral t the ENGRTHERN” ring the 80 days’ cee and reeelrve the ——— Order your FROZEN FISH now and save from 5c to Sc per Ib. ee go tn ” Hide & Fur Co, Sam Sloven, Prop. “he tastest growing Hide House and-the largest Jack Rabbit dcaler in the Northwest” The Famous Wilton Lignite Coal You will save money, save labor and still be comfort- ‘able. Wilton Coal comes from theoldest and best “equipped Lignite mine in the state and is located ih Bur- leigh county, We are at all times in a position to make |... prompt delivery, and your. business will be appreciated. ' his coal does not clinker and contains less sulphur and “ash than any other coal mined in North Dakota. ‘Screened Six-inch ..............$825 per ton delivered “Bereened Lump ..........: ‘We mine and sell our own ~ service and results $3.75 per ton delivered