Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1909-06-24
NEWSY STATE NOTES.

1ueIc was OtSuhiIcu az AuOiuCSh
last Thursday an association to be
known as "The Early Settlers and
Homecoming association of South Da-
kota" It's first president Col. Thomas
G. Orr of Brookings. its first vice presi.
dent Col. s. H. Jumper of Aberdeen,
second vice president Hon. A. l.. Van
Osdel of Mission Hill, third vice presi-
dent Hon. III. H. Keith of Sioux Falls,
secretary Thomas b. Roberts of Aber-
deem, treasurer @. N Harris of Aberdeen,
historian Doane Robinson of Pierre.
The first executive committee shall be
composed of the following: r. E.
Dowdell of Artesian, George A. Mathews
of Brookings, ID. N Inman of Vermil.
lion, George Schlosser of Sioux Fails,
ID. O. Thomas of WATERFOWL, Thomas
Thorson of Canton, Mark Sweeney of
Rapid City.
That he is the Jonah of South Dakota
is the claim of Rudolph Knoll, a we'll
known resident of Spearfish, whose
home for some years has been on the
banks OF Spearfish creek. He was one
of the heaviest individual losers by the
recent cloudburst and food in that por-
ton of the Black Hills, his machinery
and other property to the value of sew
eral thousand dollars having been a
complete loss. His residence was dam
aged by the high water and flood. Five
years ago his place was badly damaged
by similar food. and even before that
time has suffered damage by high
water from the creek. Knoll as far
back as 1877 suffered loss by high water
and floods AT that time he was the
owner of yards and livery establishment
in Poorman Gulch, and all the movable
property was washed down the gulch
and destroyed
Fully fifteen hundred people were IN
atten lance at the Catholic convention
in Aberdeen Sunday. From a. m. to
10 a. IN. the visitors were received at the
opera house, where they were presented
with badges AT 10 q. m. the crowds
marched to st. Mary's church, where
pontifical high mass was sung by Abbott
Vincent Wehrie, after which q sermon
was preached in the German language
by Rev. Father Heimbreicht, and in
English by Ri. Rev. Mensing. In the
afternoon the visitors assembled in St
Mary's church and parade was held.
At a meeting in the opera house an ad.
dress in German was given by George
Stetzie, of Mini eapolls, and one in Eng
lish by J. B. Hanten, of Watertown
followed by an address by the principa
of the Catholic school at New Ulm
Mimi, and with speech by DR. II. ]
Rock, of Aberdeen The convention
will be made an annual affair, at diff
ferent towns in the Dakotas.
There is rush Of 5000 banks {,
complete their organizations before tn,
first Of July, after which the new bank
ing law of che state will not allow
state bank to be incorporated with
capital of less than $4,000. The Law
will require all banks with capital o
less than Sl0, 900 to increase their CAPT
tai as soon as their deposits are tel
times their capital. While it affects tn
s., 000 banks, it also will force al
increase Of capital in many of the NOR
pretentious banks, as IL prohibits an
bank from accepting deposits in exces
OF fifteen times its capital stock. 1t
asserted Dy those who should kno,
that some state banks with but $50, 90
OF capital stock are carrying deposits Q
nearly . million dollars. Such bank
will have to MAKE heavy increase l
their capital. The law contains man
other features intended TO safeguar
the interests Of depositors, one OF who
cuts ont receivership fees whom ban
has become financially embarrassed
putting the control Or such bank In III
hands Of the public examiner, who's
duty il ID TO wind up it, affairs withor
fec charge and seoure for the depo'
itors al which oan b obtained out {
the nssets.