The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-25
INTEREST IS TOO SMALL
Butte Is Evidently Not a Three
Per Cent Town.
IT'S DIFFERENT IN HELENA
No Bank Failures in Butte-Easy to In
vest Money on Good Security
It Ten and Twelve
Per Cent.

Butte apparently isn't a 3 per cent
town. While over in Helena there is a
Wild rush for the war bonds Just is
sued by the government. and nearly
$780, 900 has been subscribed in that
city, and while in Great Falls between
100000 and $780, 900 has been subscribed,
in Butte scarcely n interest in the
war bonds has been excited, and there
Is not likely to be any large amount
subscribed. 1t may be that this is ow-
ing TO the TACT that there have been
bank failures in Helena and Great
Falls, while Butte has never had any,
and is not likely to have any. The
banks which pay any interest whatever
in Butte pay better han 3 per cent.
and il is an easy matter to invest
money here at 10 or IL per cent on
good security. City warrants pay 6
per cent interest, so that altogether
there is not likely to be a heavy in
vestment OF Butte non in the gov
bonds II the banks have a
chance to subscribe, however, there
viii be as large a subscription from
Butte as from Helena.
The First National bank has sub
scribed for 500. 900 of the bonds. as its
own investment, out of its surplus
funds 1t is doubtful whether any big
subscriptions will be taken, as the small
subscriptions from the people are like
ly to reach the total of the $500. 900, 900.
and the subscriptions of $500 and under
have the preference. In addition to It's
own subscription the First National
has received only $1,000 in subscriptions
to war bonds.
At the Silver Bow National bank no
subscriptions whatever have been re-
ceived.
Joe Long. cashier OF the banking
house Of Hoge, Brownlee & Co.. said
that many inquiries had been made in
regard to the bonds and many sub
scrlptions could be taken IL the bank
were i'm shape to receive them, which
ii is not as yet. Only FIVE applications
were sent to the bank. and others have
been sent for which will be received
in a few days. and the bank can then
take subscriptions. The bank is de-
sirous of investing a large amount of
its surplus funds in the war bonds,
and will SEND in it's subscriptions, but
it is doubtful II large subscriptions will
be taken.
At the bank of w. A. Clark e Broth
err. Cashier Alex Johnston sale that
about $50 600 had been subscribed there
toward the war bonds. Others have
been inquiring about the bonds. The
bank expects to make a subscription
Of a large amount itself.
At the State Savings bank Mr..
Hodgens stated that no subscriptions
have been received, and no inquiries IN
regard to the war bonds nave been
made. The bank has no applications
on han and has not sent for any.
There is a notice up in the postoffice
to the effect that subscriptions to the
war bonds will be received there. AS
sistant Postmaster Flavin said that a
great man. applications for the bonds
had been called for and taken away.
but only two OF the applications had
been filled and forwarded to Wash
ington. These subscriptions were. IL is
understood. for $500 each.
At the express offices no subscrip-
tons ave been received as yet.