The Wagner leader. (Wagner, Charles Mix County, S.D.) 1912-1912, 1912-02-02
DAKOTA STATE NEWS

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present to the next legislative session q
law similar to the Kansas blue sky en-
actrlent. which is said TO be doing COCO
work in hat state. The proposed law
viii require corporations which propose
doing business IN this state TO show 10
the state bank examiner that they nave
a foundation of fact. and that there Is q
chance of the investor getting a return
on his investment Agents OF any STOCK
corporation viii be required to secure
certificates from the state banking De-
partu1ent before they can solicit business
and unless they can convince this au-
thor.ty that their scheme has enough
turns from the investment, they viii be
refused the desired permission TO do So
liciting. with a penitentiary penalty at
tached for violation.
STURGIS-The Meade County bank. of
Sturgis. s. D.. which is under temporary
suspension of payment on account Of the
reserve being below the legal require
ments, expects to resume business soon
The public examiner finds nothing to
~criticise as to the active officers of the
band A national bank is required to keep
Is per cent Of its deposits on hand in cash
and when the reserve falls below the re-
quired amount IL Is the duty OF the exam
liner to require the bank to suspend until
the required reserve Is restored. The pro-
cess Of restoring this reserve is going on
as rapidly as local conditions win admit,
and the bank VIII resume business. with
out a doubt, under some arrangement in
the near future
ELK POINT-Reports made at the an
nual meeting OF the Farmers Mutual Fire
Insurance association Of Union county
show that during the past year the as
ISOLATION paid 9 loses, amounting to "a
2TG.5, leaving a balances In the treasury of
S.NSos. The association has a member
ship OF lao. making II the largest farm
ers insurance organization in the state
The amount of insurance in force Decem-
Der 81 last was S.73p. 10
RAPID CTTY-Referee ]. K Hull re-
ceived the papers in the voluntary ank
ruptcy case of Edward Brazzel. a saloon
man of Carter. in Trip county. The
schedules show liabilities of SIS. lG2 and as
sets amounting to s2sia OF the liabilities
there are secured claims Of S,I59, unse-
cured of SKA al 800 and taxes $50
The assets consist Of stock S5 and real
and personal property S@ claimed ex-
empt- The first meeting Of creditors is set
for February 12.
CUSTER-Electric light for civic and
domestic use has Just been installed here
by the Custer Electric Light. Heat and
Power company. composed OF local men.
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made over to hold a complete plant, the
water being taken from French creek.
near by. The plant is also intended to
furnish electric power for near by mining
properties and marks a new era in the
industrial circles of the southern Black
Hills
LETCHER-At a meeting Of the Letch-
eF Booster club. held last evening it was
decided TO hold a corn show and good
roads meeting the roF~n- -o-~ NJ E~zAr-u-
airy. at which tiE1e some of the leading
men OF the state will be present. Good
premiums for the different kinds Of grain
will be offered by the Booster club and
The business men of the town. The mat
ter Of sateTworks and sewer system for
the Town was also discussed.
DCPREE-what is said TO he an in
exhaustible supply of building stone has
been discovered on the farm of III. C
Lafferty. just ives. of Dupyee. in Cor
son county The stone was test
ed by the state college at Brook
ings. and pronounced TO be Of fine quail
-ty and equal to any building stone in
the state DIR. Lafferty IS preparing TO
open a quarry and handle the stone on an
scale.
WAkPALA-An Indian named Ell
L~coGingback was found frozen to death
four and a half miles north of wakpala.
"--A ~ NAE A4~-tA ERtcE- Vs d nome
steader- The latter notified the Corson
county authorizes and an Investigation
brought out the fact that Lookingback
was subject TO epi,eptic fits and had prob
ably suffered an attack and per.shed n
the cold while unconscious.
Observation-Disclosures OF thousands Of
fish in Lake Traverse Rave been saved
through the efforts OF County Game War
den owins TO the low stage of
water the fish had commenced smother
ing under the ice. but the game warden
relieved the situation by cutting holes in
the ice at points where the fish congre-
gate and thus giving them air holes.
CENTERVILLE-Miss Mary Simpson
has rendered her resignation of the posi-
ton Of principal of the local school. but
a strong effort is being made to have her
reconsider the matter and withdraw il.
She has made an excellent record for eff
cheney and it appears the general desire
Of the citizens that she remain at the
head of the high chool.
DUPREE-Despite snow blockades and
other inconvenience Of pioneering, the
towns on the branch lines west OF the
Missouri river in northwestern South Da-
kota continue to grow. An addition has
already been plated to Dupree. the ccun-
ty seat OF Ziebach county. although the
town is less than two years ole.
ORIENT-There is rejoicing among the
people OF the Roscoe-Orient line of the
railroad because the com
pany. after extended interruption. again
has established daily train service on the
line.
ACKNOWLEDGEMENTS are being
completed for a farmers institute. which
viii be held in the Wakonda opera house
on January IS and q II is expected hun
dreds of farmers VIII be In attendance.
MINTOSH-The ankers of Corson
county have organized a county associa-
ton The editors OF all the county news
papers have been elected honorary MEM
bers Of the association
PIERRE-The state board of contro, of
the fTemen's association has selected June
II to q. inclusive. as the dates for the
state tournament which win be held In
this city this year.
PFERRE-A meeting OF the state par