The Bon Homme County independent. [volume] (Tabor, S.D.) 1904-1913, 1910-05-12
PIERPONT MORGAN is
ASKED TO CONSERVE
FORTUNES OF STATE
South Dakota Has $90,000,000
of Idle Money Awaiting
Dormant Industries.

Pierre, s. d., May 10-south Dakota
needs q Pierpont Morgan and needs
him badly. There is almost 100000, 900
lying in our banks and investors are
everywhere looking for profitable en-
ployment for their funds. There are.
would be of great value to the public
and for the development OF the state
and for which we have capital In
abundance II 1t was assembled by
some reputable captain Of industry.
Comprehensive business organization
at home only is needed to secure
many advantages to the state which
hitherto 1t has been impossible to get
outside capital to undertake.
The South Oak ota Central Railroad
company has demonstrated that local
capital can build a railroad and make
1t pay. There are lot of similar OPP
portunities here. For instance, the city
Of Pierre owns the right Of way and
more than 100 miles Of grade through
"A million dollars would do the other "a
miles OF grade to complete the line,
and iron and equip 1t with engines
and rolling stock. 1t would make a
fine and profitable property and there
iis slathers Of money here to do the
trick II the right men would take 1t up.
Here is where our Morgan would
shine.
The water powers on the Missouri
too, afford opportunities for safe and
permanent Investment. Navigation
briqueting enterprises are waiting for
the financial backing. These PROPOSE
tions offer the greatest inducements,
for the demand for coal is unlimited
and the success of the enterprise is
same kind Of organization that handles
the eastern coal supply. There is not
one element of risk here that is not
incident to any business Of similar
character In Europe or America. South
Dakota has the ready resources to
back an organization that would in
stantly relieve our people Of the ex-
tortion of the eastern coal barons, save
enough hard cash every year to finance
the business and give the public first
class fuel at one-half present cost.
Trolley lines are In demand all over
the state; they will enhance develop
ment and return sure dividends. Money
SUFFICIENT for them and for the other
enterprises mentioned is in the banks
right man who can assemble 1t and
put II to earning profits. A good
business head, with comprehensive
grasp Of affairs and ability to do prac-
tical things IL the greatest need OF the
state today. Organization and an or
Banlxer ID wanted.
The suggestion that Ziebach county
be restored to the map of the state is
receiving much commentator, but
there appears to be a misunderstanding
ing Of the necessity which induced the
Legislature OF 1897 to wipe 1t off. The
taxation problem made 1t imperative
that all Of the open lands Of the state
be brought within some organized
lrn,,ntu ~ with tho QaffIannonf
at that time the only practical method
seemed to be to attach the outlying
and unorganized territory to counties
then In existence. Therefore, Ziebach,
jackson, Sterling, Presho and perhaps
some other counties were incorporated
with Pennington, Meade, Butte, Stan
ley and Lyman. solely for the purpose
upon the range within taxing juris-
diction.
An annoying situation exists upon
the Cheyenne River reservation where
settlement is just now being made,
Through the failure Of the last legisla-
ture to properly apportion the territory
were before the legislature, but died
in committee through the indifference
of the members. The open portion OF
the Cheyenne IL now within fragmen-
tary counties and some OF 1t Is not In
any county. If the settlers In the
fragments insist upon organization be-
fore the legislature sits, counties bad
in form and extent, will be organized
and the final judgment of them will
lead to many complications
The provision inserted in the omni-
bus Indian bill by Congressman Burke
for the disposition Of the lands of de-
ceased Indians and permitting Indians
to dispose of their allotments by will
Is a very important and necessary pro-
vision. At present much trouble Ia
engendered through the lack Of q
statutory system and the loose family
relations Of the Indians make the ques-
ton Of heirship a most perplexing one
Further than this the present method
leaves an open way for lot Of graf
among subordinate officials and squaw
men who, acting in collision. defraud
the Indians and the public.