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About The Choteau Montanan (Choteau, Mont.) 1913-1925 | View This Issue
The Choteau Montanan (Choteau, Mont.), 16 May 1924, located at <http://montananewspapers.org/lccn/sn85053031/1924-05-16/ed-1/seq-1/>, image provided by MONTANA NEWSPAPERS, Montana Historical Society, Helena, Montana.
» ; - - ’ C H O T E A U , T E T O N COUNT,Y SFO N T A N A M A Y 16, 1924 N U M B E R S il# Trucho! Dies Montana Flag tb be Presented Dr. F. Ä. V v ^ ' v Mrs.-A.,. e.^BirrbaüIí. .received teìegràm '* t00^ridâÿj morn ing ; from.: /. Portïânâÿ /, Oregon, • anñounéi^^^ Mrs.- Em ily’ TruéLoty ./Death¿occured at The cause Seing pneunioifíá. Resident, Passes Away VETERANS BUREAU HÀS M ANY MEN The United States Veterans Bureau can furnish you with trained, men who are ready and --------- r \ ‘ anxious to demonstrate their She-was president of Choteau ability to “ carry on” success. for a good'many years and was highly respected: by all who knew Her' and the news of .her death will causé a feeling of loss i « , v to her many frien d s .1 •We- will* publish- her • obituary later. ’ ............... “ fully. These'veterans will make valuable employes, because they are mature and well trained. The employing .public has the jobs— the Veterans bureau has the men. Let the . two get to gether. Thè bureau has an em ployment service which serves Two teams with C .. S. M e - both »employers and veterans Donald and John T . Moore as [without charge. The employ- captains made an early start iment service will give unbiased Sunday morning with an-agrees [¡information concerning each re- ment for the purchase of the j habilitated veteran and his supper by the. losers . for. the ¡training when they recommend winding'team. ' * ' The team headed by John T . Moore was victorious, they hav ing, been successful in bagging a total of 668 birds and eggs. ^ ' This drive in one of a series being put on in different parts’ o f the state. The purpose be ing to’get rid of the crows, mag pies, hawks, etc., in an effort t o ( protect the Hungarian ¡and Chi nese pheasants.. ^ State Game W arden Jakways was here in the evening at the banquet and spoke on the work his department was doing.. ' e paying for. predatory birds or their eggs which are brought in to,the secretary, John T . Moore, at the rate of 2 cents each, ggs to count the. same as birds. On Monday moring M r. Jak ways. was taken to the site of the contemplated fish hatchery and after viewing the project gave as his opinion that the streams of this community would be an ideal spot for such, work. The. following- officers were chosen for the ensuing year at their meeting last Friday even- inging are as follows •\ E . H . Myrick, president. G. C. Core, vice president. John T . Moore, secretary James Eckford, treasurer^ It is announced that the fed eral fish hatchery at Bozeman has allotted 60,000 rainbow, hrout to the Choteau vicinity, flhe delivery to be made during 1he coming summer. . A rising vote o f thanks was tendered the retiring president, James M . Chapman. him, to an employer. A t the present time the foil lowing are available: two gen- eeral electricians; two mechan ical .draftsmen; janitor with mechanical and engineering skill* ‘ tiree shoe repair men; highway, surveyor; macriine o ; - erator; window trim m er; pr vss. m a n ; elevator m anager; auto mehanic; furniture repairman; three building draftsmen; three power plant engineers; seed an a ly s t ; grain grader and assist ant elevator m anager; building draftsman and assistant build ing superintendent.;; window tT h e cl'ub voted to set‘ dside.\a - a s - < , * * . * » ? * . . • • • Ï ^ ^ ? 2 5 i ü 0 v•- . . .--- A il-'’ : j &.i'Gram buyer; emhaimewand^n- narmir for nredatorv birds or ^ . dertaker; ¡-four assistant busi- ness .m anagers; junior account an t; ' bank clerk; five book keepers; two clerical, workers; general clerk; journalist; ste- lographer; traffic manager; a combined window trimmer and salesman; seven civil engineers .wo nibalmers; two pathological aboratory technicians; mechan- cal dentist; mathematics in structor ; commercial teacher, and five lawyers. W h o has ah \opportunity for these splendid ex-service men? W rite to the U . S. Veterans Bureau, Minneapolis, Minn. M rs. Asselstine, local pian- st, has been engaged by the Post Tavern to furnish music on two or three nights during each week for the entertainment of those frequenting the place. She will start immediately after the first picture show of each evening.- The first entertain ment was held Wednesday even ing. Statem ent o f Condition o f FIRST NATIONAL BANK O F C H O T E A U . A t Close o f Business March 31,1924 RESOURCES, Cash in vault and LIABILITIES Deposits ..266,098.86 in other banks . ........... ¿6,515.11 Surplus and undivided Or. S. Liberty Loan Bonds 50,433.37 profits n nss 9 «; County warrants, real Capital stock __________ 50,000.00 - estate, etc. — ------------ 24,892.18 Loans and discounts ____ 165,346.45 Washington, M ay 14.— On May 26 a Montana flag is to be added to the post office depart ment collection o f state flags, arrangements for the presenta- tation on that date having been arrived!, at by ' Congressman Scott Leavitt and Postmaster General H a rry S. New. This flag0-will be used in . the exer cises of the department <on flag day, June 14. [ The Montana flag -that is to be presented is the g i f t - o f the Order of De Moley and Daught- ers of the Rainbow o f Great • s * Falls, who asked M r . Leavitt to ook after the matter for them. -.; In selecting M ay 26 to pre sent the flag M r. Leavitt point ed out that it will be tw enty- ofsixth anniversary of the sail ing o l $ i e F irst Montana regi ment to the Philippines. This is considered noteworthy in .view of the fact that the regi- nental flag of these troops was adopted as the state flag, the only change being the omission )f the name- o f the regiment. FALLACY 0 \FLOOD LOSS PASSES . TWO MILLION ; 2 DEAD Richmond, Va., M ay 1 4 t i i ^ With awo known dead, hun dreds homeless, and property -pioneer physicians estimated at more than $2,000,- 000, relief and survey measures were underway Wednesday as iowly receding flood watsrs ficm rivers and streams swol len by recent torrential rains laid bare scenes of waste and desolation in the Shenandoah valley and Piedmont sections of Virginia. More than a dozen towns in the flood area Wednesday were An Attempt to Create Integrity by Legislative Act— Mere Words No Good-Substitute for Individual Re sponsibility, Says Bankers* Chief. By W ALTER W . .HEAD, President The American Bankers Association The bank deposit guaranty is.an attempt to establish fictitious value— to create value by order!of government. Adopted first in Oklahoma in 1909, this plan was carried into several western; states and threatened.- for a brief time, to .become a. serious issue in connec-, tion with our national banking system. Recent experience' has/proved, in this instance ,as in others, that sound economic law cannot be dis regarded with-impunity. Oklahoma -adopted the deposit guaranty as a result of the failure of a number of banks in the panic of 1907/ _;Tfae system was misnamed at-the start. It was! not a guaranty, in any true sense of the word, but simply a formrOf mutual insurance. The various state banks were assessed a limited amount, in proportion to their Walter W. Head respectifs. deposits; to pay the «premiums, arc »a t ,an£bcient-r-ai»tl yet f«Unr«.^-For haw e d ' cnuiot afford mttaatt wem weM. - T lie prosoerl^r -takridgaLto- in the defeiqpipent 'of territory, -recenUy’ e*oao«ihr. 4tn * vbden• \hi ■Hie'- rnidst 'oC opened to .settlement, prevented fail ures. Bnt^tie deflation ot 1920-1921, brought about a crisis fn the guaranty system erf Oklahoma. In November, 1921, the failure of the Bank of Com merce of Okmulgee brought the esti mated totcfl liabilities of the Oklahoma Guaranty Fund up-to 53;^54.00t). Guar* anty fund warrants drew 6 per cent* interest, under the law which then existed, and (bis meant that the inter-’ cst charge alone, on these outstanding warrants, amounted to two-thirds of the maximum possible annual assess ment. Failure and Repeal Other hanks failed m the following months, and the plight of the State guaranty fund became hopeless. State hanks surrendered their state charters and entered the national sys tem. By; January. 195?3, deposits in; Oklahoma slate banks were only J78.000.000, only half the total of No vember. 1921. This was the condition- wben the state legislature convened, and, after various attempts to relieve- the situation by one of several expe-’ dlemts, the law makers repealed the guaranty sections of the banking law. This is the story of the Oklahoma i bank deposit guaranty, which wasi born, lived and died in the brief space I of fourteen years. \In that time the Oklahoma plan was adopted, with some modifications, by seven other states. In none of these has it. be erf abandoned as yet. In every instance; h has been subjected to severe strain, and in most of them the qnestion of' whether or not the guaranty fund can pay existing obligations is somewhat, doubtful. My own state. Nebraska. I am thankful to say, is not one ot these. The guaranty of bank deposits failed in Oklahoma and is threatened with failure in other states because it was not what it pretended to be, and. furthermore, because it violated sound, economic law. The so-called guaranty is not, in any state, what its name im plies. It is not in fact a guaranty. Tt is an Insurance plan dependent, as are all insurance plans, upon the suffici ency of the premiums which may be paid Experience has proved that the .econom ic laiqitftr.. tb e l*“ 3* -deposit guarantee- in Oklahoma, went the way or all similar attempts' to overcome or defy the ^natural law of economics. And yet we have today in the Con gress of'th e United States a Repre sentative of the State ot Oklahoma who will—iThe bas-his way—foist this iniquitous, impracticable system upon the National Banking System. Integrity Cannot Be Legislated The fundamental difficutly with the insurance of hank deposits—to apply the correct name—is that it\is an at tempt to create integrity and financial ability by legislative act. Depositors in many instances were invited to ac cept. as tbeir principal assurance of safety, a gilded sign upon tbe bank window, “This bank protected by the state guaranty fund.” This protec tion, it has been proved, was not ade quate: mere words were not a good substitute for individual responsibil ity. supported by stocks of gold or cur rency. No longer was there a pre- mitem upon tbe character of Uie bank er; no longer did depositors feel the •necessity of giving preference to men ■ of character when they selected their banker. They felt that tbe guaranty fund took the place of that. But the guaranty\ of bank deposits in Okla homa failed-^as/iaH efforts to substi tute governmental dictum for fntegrtty and ability mast fail. COW-SCALPERS In Wisconsin the State Bankers As sociation is employing a man to give his entire time to the agricultural work ofrihe association. His major activity is along the line of marketing dairy cattle. Tie is constantly in touch with the stock Tor sale in alt parts of the State and is in position to refer a prospective buyer to stock of the breed and quality desired. v He has the assistance of reliable field men who are good judges of dairy cattle. There is no need for any farmer to fall into the hands of unscrupulous “cow scalpers” if his bankers will only take an interest in helping him to make the right kind of connections.— Banker-Farmer. a Miss Evine Dolalie in now employed at the Cole ranch in Fairfield. M iss Annette Exenson visited at the Hanson home last week. Mrs. J. Edwards and Mrs. S. yv * > / , ,i ( ■ ■ ' *- * 4 1 * V i*‘ ' i - '■ » / 1 A 1 ^ Lindseth visited at the J. J. Ot- ness home last week. The infant child of Mrs. Seekins was eriously ill last week. She is now reported as being on the road-to recovery. M rs. R . Anderson vlsfied the S. Lindseth home last Sunday. O. Forseth and M r. Satre moved up to the old Satre place to farm last week. Several of the Bench children i A . B. Guthrie received a tele~ gram’ today (Friday) stating that Dr. F . A . Long, of Eureka, Montana, had died there sud denly. Dr. Long was one of :.the of this eityg coming here some twenty pit- more years ago to practice -his profession. H is many, ' friends in this part of the country will be greatly grieved to learn o f his sudden death. TO THE VOTERS OF TETON COUNTY I take this means of announc ing niy candidacy for the office of Sheriff of Teton County-oh recovering after more than 1 2 ;the_ Republican ticket subject to hours without lights and power, .^le the voters- in the while the many families forced t A ugust Primaries, to flee for their lives as the flood j ^ nom^liated and elected, I waters encroached upon their ” ^ 5 . ‘ V , S! rict,™ - homes in the lowlands were be. ing cared for by. local volunteer relief agencies and individuals. Principal damage was done to farm lands, highways and rail road property. * Thousands of acres of crops were inundated, miles of rail roads trackage washed away, scores o f bridges dtemolihed and many highways ruined. laws in a forcemeat of ALL lawful manner. I ask the support of all inter ested in a clean and economic government. * ARCH IE M U RCH IE. ' Paid adv. REPAIRING POWER LINE Work of replacing the faulty insulation on the high power tension line between Conrad and Choteau,* which has been the attended the. track, meet in C h o - , « ^ of much trouble in fur_ teau last week. Inishing electric current to V a - W e were all glad to. hear that stai-ted by the Montana Power the E a s t, Farmington school company last week,, and. the wpn gen^-'-^pyk ^ rushed to. comple- In-order tO' work last week end:* Carl Hanson and Mr. Lars Nasset were chosen as delegat es to attend the annual meeting of the Lutheran church at Bil lings. Several o f the Bench people attended the graduation exer cises in Choteau this week. Several people attended the Charivari on Mr. and Mrs. Clar ence Stenson last Monday night. Gunchild Lindseth visited at the home of Eunice Walley last week end. VISITING DAUGHTER Mrs. Chas. LaBreche of Gla cier Park, a former teacher in the Choteau schopls is visining her daughter, Lois, who i s a Inconvenience as possible on'the current users, the work is being done between 1 2 :30 and 5 :3 0 o’clock in the morning, the pow er being off between those per iods. For the pact two or three> years more or le^ss trouble has been experienced in keeping the lines open during storm periods and there has been, considerable interruption of service. W ith the/ improvements now being rr-.cie, however, it is thought thi? trouble will be eliminated, ar.d the compan7 is doing every thing possible to furnish sat isfactory service. Miss M ary Geildrich, who was rooming at the R . E . Nelson home, is a patient at the pest member of the graduating class ¡house, suffering from scarlet of Teton higli. J fever. A Noble Ambition \ v ' The ambition of this institution is to jus tify the coniiednec of its customers» to I n trusted because of its good judgment, its . faithful «observance of duty and its financial, responsibility. Conferences with the officers of this bank are cheerfully given to those who desire seasoned and well-reasoned advice. Citizens State Bank ,■ CHOTEAU, MONTANA ^ * i Capital, Surplus and Profits over $65,000.00
