The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1893-08-21

Miles City Is mainly live stock, and while
tho beef product Is hardly feeling the
general depression. the sheepman and the
horseman are almost wholly without o
market FOR their product. SO largely docs
tho prosperity Of this section depend upon
the mutton and wool market, IL Is no ex-
aggcration TO say that had tho price OF
wool alone held up TO last year. Miles City
would have been absolutely easy as to
money and the financial storm that has
overspread tho country at largo would
have shown but fringe of cloud on its
financial horizon. But the receipts from
wool al or 10 cents pound barely paid
the cost OF marketing the clip, and the
store bills and bank loans made on the
expectation Of sales at l6 10 10 cents of
necessity remain unpaid. This wholly
unexpected reversal of profitable antici-
pations was mainly the cause OF tho clos
ing OF the S;ockgrowers' National bank OF
Miles City, that institution being largely
patronzed by the sheepmen. The bank
is now in the hands of a receiver-E. w.
knight. jr.. OF Helena having been ap-
pointed To that position-and will, il Is be-
lieved. pay 75 or 80 cents on the dollar.
Unfortunately for the community tho
Siockgrower was the depository for both
city and county funds. its closing operat-
ing to suspend the usual monthly and
quarterly disbursements of city and
county until December next when taxes
come in. and thus largely increasing the
financial stringency. The remaining
bank, the First National, was able to
stand the strain that few days Of panic
subjected IL to, aud is now moving along
in the old rut, with no apprehensions for
f.,rf. l.a fr..
beef cattle sales have begun To flow into
its hands and during the next three
months IL will handle from this source
alone not less than $4,000 and probably
much more, rs several large shippers who
have heretofore kept part of their money
In Omaha and Chicago, will this season
bring il all to Miles City as all realize the
necessity of standing by the bank and
thus maintaining a means of business in
tercoursc.
or the agricultural resources of the To-
cality tributary 10 Miles City. all that need
he said for the purposes of this article Is
that thcy are more than sufficient for
home consumption. and that not one dol
lar need he sent away this fall for the
purchase OF food for man or beast.
Wherever irrigation has spread-and IL is
spreading rapidly y-the soil responds most
generously to the efforts OF tho farmer,
and both In quantity. quality and variety
makes tho Tongue river valley indepen-
dent of tho world. Notwithstanding the
hard times the assessment roll of Custer
county foots up this year s1,sli ,576. an in
crease of nearly 81 ,OOO,0)0 over last year,
and only failing by a petty ss5,O0) of
ranking as n first-class county. The tax
levy is l3 mills for those who do not own
stock and i3I. to Is for those who do.
Tho assessors report shows Custer to
be first class county. This is prncipaIiy
representative of live stock. as Custer is a
pastoral county, SO far. almost entirely.
This is by no means because it possesses
no arabic lands or that irrigation is not
feasible within its limits. but simply for
the reasons that the largest area of val,l-
able stock range that exists in the state is
found along the lower Yellowstone and its
tributaries. Custer was first to be devel-
oped In this way and large iiocks and
herds were pastured upon Tongue
Powder. Rosebud and the southern ,ribu-
taries of the Upper Missouri. before the
regions now constituting Cascade. Fergus
Yello wstone and Park were occupied b,
ktockR rowers. The grass of these lower
ranges is Of superior quality and the water
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