The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-10-04
WASHINGTON NEWS
MlssouLIAk's SPECIAL SERVICE.

of pasture fences; 50 houses: 81 barns
AMI bridges
To prevent fires and to put them
out when they occur, the forestry
service employees 1851 rangers and
guards, who cover 1856 acres.
'1n comparison with the great need,
the states have done exceedingly lit
tie toward the solution OF tho for
est problem says the report in
dealing with what the states have
done" The state laws against for
est trcspass are all right. says the
report. "but they are not enforced,
and never have been a list of IL
states which have organized fire pro-
tective systems is given. In which
Montana does not appear. Twelve
states are given as having state for
csts, as follows:
Connecticut. Indiana. Maryland.
Massachusetts, Michigan. Minnesota,
New HAMPSHIRE. New Jersey. Penn
sylyania. Wisconsin and Hawaii
New York has the largest forestry
acreage, 1.6ti.sf7 acres and New
Hampshire. the smallest, 50 acres.
Private forestry is also dc
scribed. IL is said these are
the best stocked. Obstacles to pri-
waite forestry are cited. as follows:
fire risk ilI-deeised taxation and
! cheap stumpagu prices. A number of
examples Of successful private for
estry in various parts of the country
conclude the report.
4 Montana firm has been con-
necte2 with the operations of the
/ National Trust company of Wash
ington by the postoffice inspect
ors, which was raidcd this week
on charges of using the mails Tile
gally. According to the postal in
spectors, when the trust company could
not obtain cash commissions for it,
guarantee Of stocks and bonds. 1t &C
cepted notes. One instance cited Is al
alleged contract made by the company
with the Montana Horseman's Stock
company of Wibaux. under which this
Montana company was to pay its COM
mission with notes. The inspectors
have produced the following communi-
cation as bearing out their claim:
For value received. the Montana
! Horseman's Stock company of Wihaux
Mont, promises to pay the National
| Trust company of Washington $500.
This note is one of four in lieu oi
cash for contract guarantee stock
/ valued at 100000 of said Montana
| Horsemans Stock company, as sci
/ forth in said contract, to procure said
/ indenture of guaranty, Said contract
/ to bear even date herewith. the amount
/ of said note being part of / per cent
/ of said 100000 required by said con-
/ tract. and on which 81 ,000 has beer
/ paid by said four notes at the dates
/ specified. This note il tn be paid a
| soon as $4,000 worth of stock in TIL,
/ said company shall have been sold, anc
| the said amount of $500 Is to be for
! warded to the office of the Nationa
/ Trust company Of Washington in pay.
ment of this note"
! The expose OF the National Trust
/ company has caused Il mild sensation
/ i'm financial circles. Those declared Il
/ be its directors and hackers have re.
! pudiated ii, saying such use was with.
| out authority. IL. NJ. Lewis. its sec.
| rotary treasurer. under arrest, appears
| tn he the only one in the concern. Tn,
company maintained elaborate offices
/ and to all appearances conducted &
/ banking business, but Lewis admits
! that no deposits We're ever received
| The business, he says, was to sur.
! round the trust funds with every safe,
/ guard equal to that of Il government
bond.
/ The postal inspectors say this Is blu
! the forerunner of ii general crusad,
/ against unsafe trust companic.
throughout the country. whose opera
tions have been closely watched o
late.