davidaulloa/AmericanStories huggingface dataset:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

1.-THE confidence Of the people In con-
ditions is the best indication Of con-
tinued prosperity The money trust
investigation is not affecting money,
and the change Of administrator APP
parently is to have no great effect
which will result in tight money in the
near future. A continuance Of this
confidence will mean good times for
years to come
Invest in Iowa. Says st. Clair.
President c. C. St. Clair. Of the First
National Bank, notes. a marked i'm
provement in finarcnail conditions.
and optinistically looks forward to still
better conditions in 1918.
The banking condition the past
year. as compared with 1911. shows
great Improvement" said Mr.. st. Clair.
This was due primarily 70 our good
crops. Our benefit up to this time mas
been from last years crops and last
years prices. The crop Of 1912 was
enormous, and prices naturally de-
clined, but this condition did not de-
crease the wealth of the state by any
means. We will soon benefit from the
last seasons crop. altho it may be SLOW
in moving, as some farmers are bor-
rowing in order to hold their corn
where the crop is in condition to per-
nit of cribbing for some time.
II anticipate that our financial con-
dttion will be as good or better the
coming year, especially in this locality,
because of these great crops.
"Our local condition. as far as the
merchants are concerned, is due to one
thing and one thing only-better roads
and the automobile. Good roads should
lie developed. The advent Of the auto
mobile and road improvements nave
extended our territory twenty-five
miles mad resulted in greatly lncreas-
ing the local trade.
The recent money furry on Wall
street has had no effect here. and sucn
conditions never will be felt here so
long as corn is stacked up on farms be-
vond the storage capacity. The pres
;dential campaign had no ffeect on the
financial condition either here or else
where.
The future prosperity Of our state
depends on our people remaining salts
fed with what they have and investing
their surplus in the state Of Iowa. II
this surplus were all invested a; home
this state would become one Of the
most thrifty in the country. our m
vestOrs VIII come to realize this sooner
or later. or just as soon as the SHINE
wears off Of the tempt NJ investments
which attract from affair.
An Iowa investment IS safer. surer
and better than any investment to be
made outside. everything considered
Right at home we have many gilt edge
investments which will pay the invest
or much better returns than outsioe
speculation. -r
There i no reason 10 believe that
there will be any material changes III
conditions in 1913. and prospects are
all for a Continuance of prosperity.
BaIch Is Optimistic.
President a. F. Ea!ch, OF the Mar
shalltown state Bank. is Very optimist-
&c over the financial outlook for the
coming year, as it may affect this par
ticular banking territory.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

issued, with more than 100 subscribed
for the series issued today. One hum
dred and seventyfive shares valued at
$17,500 were sold this past year. Loans
outstanding amount to s12,250, Of which
$3.50 was added during the past year.
The sum Of $4,000 was deposited by
shareholders during the year 1912. and
these deposits keep growing In volume
as time goes by, the old shareholders
paying each month on their shares and
the new ones beginning payments on
their shares
In a few years the Marshalltown
Savings and Loan Association will be-
come an important factor in the up
building of the town, as Waterloo, with
its four old associations, collects in de-
posts from its shareholders three
quarters Of a million dollars per an
mum, ali OF which is being paid IN on
loans made during the past ten years
and the early series of stock when ma
turing is netting investors nearly 10
per cent per arnum on the money
actually paid in.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

bank in 1912. as ompared with 1911.
was due believe. to the big crops and
the general prosperity of the farmers"
Confidence All That's Necessary.
Wallace H. Arney. president of the
Iowa Savings Bank, in discussing the
banking conditions of the past year,
and the outlook for 1913. said:
"At the present time money is a little
tighter than for some months past. but
no more SO than we anticipate every
year NJ holiday time. This condition
is temporary, however and should not
be taken a s a criterion of the condition
Of banking, and business during the
year or as an Indication Of what bus
mess will he during the year to come.
Looking back over the entire year YOU
will find that money conditions have
been excellent. The fact that this coun-
try went thru a presidential campa ign
without panicky feeling demonstrates
that money is on a better basis.
The tightening of the money market
in New York recently was not felt
among western bankers. The crop con-
dition is of more interest to us than
the actions of the New York beard of
trade or the Wall street financiers just
at the present time.
Some farmers who have corn that
will keep are making new loans IN
order to hold the corn for better prices.
Some have drawn out deposits in order
to hold the corn. but not 10 such an
extent as TO create a higher money
market
MANY farmers. however. have corn
which will not keep and are Smelling
ana throwing it onto the market Some
are doing the same thing with the'r
oa:s-holiing il for higher market.
The crops were enormous and naturally
prices have slumped. Those who can
make arrangements TO hold their grain
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01
NEUTRALITY-SUSPICIOUS.

The prosperity OF a community IS
reflected thru the statements OF Its
banking houses. Taking the statements
Of the banks OF Marshalltown for the
last quarter Of the year 1912 as a cri-
terion Of the general financial condi
ton Of the community, there is no
doubt but that the year just closed has
been the banner year in the history Of
the city and county. The statements
showed that the monies on deposit ex-
ceeded the deposits Of the correspond
ing quarter in 1911. which was record
breaker, by $685., 237.75.
The best indication Of the general
prosperity Of the people IS increased
savings deposits, and here also was
shown big increase in the last quartz,
Of 1912 over the CORES ponding months
in 1911. Wage earners had TO their
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

Of S37,6131e was shown IN savings de-
posts in 1912, the total deposits
amounting to Sl74,2S5.22, as against
S136672 06 in 1911.
The Fidelity Savings Rank showed
a total of slo40.O64.6o in deposits at
the close Of business Nov. 20. 1912, of
which SS04.4o1.70 was in savings ac-
counts The total deposits for 1911
were $3.50 1888 or s209.961.07 less than
in 1912. The savings accounts in
creased from 1913, AS, in 1911, to
sS04.4277o. in 1912. a net gain of s1Sl =
356.25. The savings deposits OF 1872
almost equaled the total deposits OF
1911. as shown by the banks state
ment
The total deposits of the Iowa Saw
ings Bank at the close of business Nov.
&c, 1912, amounted &c s+54 shS Is. as
compared with s27l.6S3SS in 1911, a
gain Of $1S29S49S. The savings de-
posts in 1911 We're s46.57l 80. while in
1912 they were almost double that
amount. totaling SS3.012.22, gain Of
S36,44070.
Bankers Foresee Good Year.
According TO statements by the
leading bankers OF the city the condi-
ton or the money market al tlIe pies
enc time is excellent. Local conditions.
it is said. reflect the general condition
OF the country. and despite slight
furry on Wall street recently there has
been nothing to indicate a period Of
depression or recession from general
prosperity.
Many things point to a continuance
OF good times, the most encouraging
indications being the confidence shown
by the people in political conditions
following a general election and .he
change in administration. Twenty five
years ago. il is argued, a change o.
administration, such as we face March
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01
Savings and Loan
Important Factor
In improvements

The Marshalltown Savings and Loan
Association. tho new and merely in it's
infancy, enjoyed a gain Of 100 per cent
in its loans this year. and has to its
credit two new homes built and three
others remodeled from the associations
funds.
The association Is cooperative
savings association: and building soci-
ETY. combined, the savings being PAID
in at the rate of so cents per month on
each share Of stock, and the money be-
ing loaned on first mortgages on houses
and lots in MarshalltoWn.
All of the interest collected on loans
goes back to the shareholders a s profits
on their shares and there is practically
no expense of ADMINISTRATION as the
board Of directors composed Of prom
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

for active business enterprises, moving
the seasons large crops stock feeding.
and other legitimate businesses that
are usual at this time Of the year.
THE uncertainty as to tariffs. etc.. is
another factor that keeps some capital
from loosening up for longtime In
vestments But unless conditions
should arise that would change the sit
uation materially, I can not see why
we should not have a more prosperous
year in 1913 than in the year just
closed. and even generally speaking;
and I do not believe our local condi-
tions will be affected much. regardless
of the foreign money market flurries."
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01
NO "MoNEY TRUST" SAYS KIRBY.

Fidelity Savings President Points to
FalIacy Of House Investigation.
The house money trust" investi-
cation has attracted great attention,
not alone among bankers and tinan-
ciers, but the general public, and the
impression seems to be that money
trust" exists and that money has been
so concentrated that the bulk Of the
wealth Of the United States is in the
control Of a few New York financfers,
who may throw the country into
panic at any time or wish period Of
prosperity at will.
Whatever the evidence may show
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

hard times. General confidence, such
as exists today, will do more to pre-
vent future panics than anything else.
THE large increase in deposits in Our
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

cent of the country's deposits
The members of the London clearing
house number eighteen.
The members of the Paris clearing
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

of s1,306,743.c3, or s210,376.29 more
than at the corresponding time the
previous year, when the statement
Ghevad . total Of s1,096,36674. A gain
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01

Home.
Each mans chimney in his Golden
Milestone :.
Is the central point from which he
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01
Bank Deposits
Increase Nearly
Three-Quarters
Million il, 1912

Total deposits, last
quarter, 1912 ..... 81. 262 ,035.11
Total deposits, last
quarter, 1911 ...... 3,579, 1876
Savings deposits, last
quarter, 1912 49,. 1,4e1,ose.72
Savings deposits, last
quarter, 1911 ..... 1,274,e32.ea
Gain in total deposits 6S2,237.75
Cain !. savings de-
posts >. 216, 1o7.os
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
DEVELOPING FINE FARM
All HRllT On THE T.. III.

W. A. smith OF the Svea hotel,
is spending good deal OF his tune
This sunAl4er developing his farm
near Br4u. MI. Smith has ~ acres
ulluer CULTIVATION, the greater part
vi which has been planteu to pU-
tatOes. lie is also planting some
oats and millel, but reports That
Vie farmers lu that sucAlOu are. be-
I1lg delayed i'll sowing their crops
by The wet weather, which has LETT
Lue sUII III poor cOndNlun. A Mill
neapoI4s AN es4or has just purchas-
eu ~ acres adjoining MI. Smiths
place auu will break up forty OF
It tluls summer and all Llle tarIlz
ers III that section are planning a
good deal OF work in the line of
clearing this year. +. w. SchoeQ-
Ing IS another Virginia resident in-
terested in that section and plans
to DO considerable breaking. Mr..
Smith says that in san0ther year Or
two between Britt and Sand Lake
there are goine. to be developed
some of the finest farms in north
ern Minnesota.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13

The total passengers handled be-
tween Virginia and Hibbing and
intermediate points in 1912 during
the month of April was 2,6lO and for
the same month during 1913. 18l.
The total revenue from cash fares
in 1912 was $789.34 during the month
of May for the transportation of g.
l33 passengers as compared with
$36 II in 1913 for "A passengers.
Mr.. Ennis also testified that the
express business had been but little
affected, as 80 per cent of this class
of business for range destinations
arises at points off the range and is
in the nature of produce, poultry
and the like shipped in here from
the farming districts. He estimat-
ed that the receipts of the local
Great Northern station for freight
was between $4,000 and $4,000 a
month covering both the business
coming into this station and going
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
MERIT SYSTEM
IS INSTALLED
BY THE DIV. &P.

According to bulletins recently
posted at the local Offices of the
Canadian Northern railway the
merit system will be effective on
Virginia and other divisions of the
D. w. & P. beginning June Is. Under
the system marks of merit will be
given all employees who have
clear record and demerit marks will
be given tor infractions of rules
and errors of omission aud COM
mission in service. Employees 60
ing three months without receiving
demerit marks will be given FIVE
marks of merit, six months will get
10 marks, nine months Is and a year
will constitute a clear record. De-
merit marks will be subtracted
from the merit marks accumulated.
The merit system will cover every
thing except disloyalty, imcompe-
tency, lack of integrity and viola
tions of certain clauses of the book
of rules. Summary discharge will
be the penalty for these offenses.
Marks of merit will count in pro-
motion and salary increases. Sixty
dement, marks will be sufficient to
warrant discharge.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
CHlLDREN'S LIBRARIAN - >9-
is TO BE RETAINED

Miss Mabel Newhard, librarian at
the Virginia public Library, will
attend the national convention OF
The American Library association,
which is to be held the latter part
OF this month at Kaaterskll, New
York, a popular summer resort in
THE Catskill mountains. The meet
ing is one Of the most important
library meetings OF the year and
at the last meeting Of the Virginia
library board it was decided to
send Miss Newhard to attend. Miss
Newhard will lalso visit the librar-
ian schools at New York and Pitts
burg in search of a librarian to
take up the work of the chldren's
department. in the Virginia IL
brary. This department is to re-
ceive a good deal of attention in
the future as it presents field
for very effective extension work
on the part of the Virginia library.
Miss Newhard will be absent from
the city on her eastern trip for
several weeks.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
EXAMINATION
WILL BE HELD HERE

w. A. Larson of the state board
Will conduct an examination for
automobile chauffeurs in Virginia
at the city hall at 80 p. m. Tues
day, June "a. The secretary of
states office cannot issue Licenses
to chauffeurs until the. state board
authorizes the same and for that
reason an examination is to be held
In Virginia for the benefit of local
auto drivers. All chauffeurs are
required by state law to b. licens-
ed. This examination will be the
only one to be held in this vicinity
during the present Year. A SINH
lar examination will be held at
Hibbing, Wednesday, June Is at 10
O'Clock a. m., and at Duluth ON
Thursday, June 26 at 1:3O p. m.
The questions asked will cover
operation, the law of the road and
other matters Of q technical na-
ture.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
FIRES -.
MENACE HOMES
OF FARMERS

According to advices brought to
Virginia Wednesday from the
Whiteface river district, eighteen
miles to the south, forest fires men,
ace the homes of number of farm
ers in that section aud help is nee
essary TO prevent their further
spread and considerable property
loss. Several Virginia people own
property in that district. among
others being Otto Tuhkanen, press
man in the Enterprise Office. Mr..
Tuhkanen has a fine house aud
barn, aud news brought to him was
that both are endangered. The eet-
tiers are at a loss TO account for the
origin of the blaze unless it started
from spark from a passing loco.
motive on the line of the Canadian
Northern some time during Tues
day night. A number of Finnish
people from Virginia went out to
assist in checking the fire yesterday
afternoon.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
GREAT NORTHERN HIT
BY ELE CTRIC LINE
Superintendent Ennis Of MeSaba Division Tells Railroad and
Warehouse Commissioners How Its Business
Was Hit by Line.

out of it. He gave the estimated
cost of running passenger train
such as the Wooden Shoe" a, IS
cents a mile and expressed the
opinion that the sentiment for the
retention in service of the train was
more a matter of civic pride than
anything else as the people of the
towns between Hibbing and Vir-
ginia were not using the train and
were not going to since the advent
of the electric line.
Other witnesses whose testimony
was taken at the hearing were Mayor
Murphy of Virginia, Mayor Doyle
of Buhl, City Attorney Bean of
Buhi, J. H. McNiven of Chisholm,
President Lister of the Virginia
Commercial club, W. T. Irwin
of Virginia., S. Sapero, a Chis-
holm business man and J. F.
Muench of Mountain Iron.
The people of Buhi made out The
strongest case for the retention of
the service. Claiming that as the
trains now run, their mail service
is considerably impaired and in
convenience IN travelling to points
on the western end OF the range and
to the northwest results. However,
ll:tle of the evidence submitted was
of a nature that would appear to
warrant any change in the service
as at present and it is not believed
the railway and warehouse COM
mission will order the train put
back in service between Hlbbing
and Virginia.
The decision of the railroad aud
warehouse commissioners will not
be announced for some time. Judge
Mills of the commission was the
guest of has sou Attorney Mills
during his stay in Virginia and
met number of old friends here
as we'll.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
POSTOFFICE ROBBED
AT IRON JUNCTION 7
Thief Enters at High Noon Rifles TIL and Cash Register In
Store and Makes Successful Getaway With
Sum Of $500.

range cities and he may be .captur-
ed.
Postmaster Moline was alone at
the Office and store yesterday, his
brother, who is in business with
him, being absent from town. The
stranger who is suspected had been
hanging about for some time. He
was evidently @atching Moline, had
been in the Office several times and
when the postmaster stepped out
he successfully negotiated the theft.
Small boys saw him in the store
and called Moline's attention to his
peculiar action as soon as he re-
turned. Only the fact that a con-
siderable sum had been taken from
the store cash register a few mom-
ents before prevented the thief
from securing much larger sum.
The money taken was postoffice
funds. A supply of stamps was
not molested.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13

Testifying before Judge Ira B.
Mills and c. F. Stevens of the state
railroad and warehouse commits
sion at the city hall in Virginia
Tuesday afternoon in hearing
conducted on protest voiced by
the Commercial club at Buhl and
the city council of Virginia, as we'll
as citizens and private interests
along the line of the Great Northern
between this city and Hibbiug
against the taking out of service
between the Virginia and Hibbing
of the Great Northern's Duluth
passenger train, familiarly known
as the wooden Shoe, which form
erly lett this city at z a. m. and ar
rived here in the evening for an
all.night lay over. Superintendent
Ennis of the Mesaba division of the
Great Northern submitted an inter.
esting array of facts and figures
which showed that since service
was started by the electric line OF
the Mesaba railway between this
city and Hibbing, the Great North.
ern has lost 81 per cent of it's pas
sen9er business. The average daily
revenue from passenger fares to
the Great Northern between Vir.
ginia and Hibbing during the
months of March, April and May
has been but 81 80 and for the
months of April and May it's busi-
ness was but ~ per cent of what it
was for the corresponding period
of 1912.
Mr.. Ennis also submitted an in.
teresting comparative statement OF
the business done by his line be-
tween Virginia and Hibbing and
intermediate points during the
month of March, 1912 and 1919. From
it it appears that the total number
of passengers carried between Vir-
ginia and Hibbing in March 1913
was 33, as against $50 in 1912. The
following table shows the relative
comparisons between the other
towns on the line.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13

AT 1915 Tuesday, while Post
master n. Moline of Iron, Juurtion
left the postoffice aud the general
store which he conducts in counec.
ton with it unguarded tor about
five minutes, an unknown man
entered the place took SIS from the
till. broke open the cash register,
which was empty, and made good
his escape.
Although the robbery was dis
covered within 10 minutes of the
time it was committed and prompt
efforts were made to apprehend the
suspect, who had been about the
little town for "a hours or more, he
has completely disappeared. 1t has
been learned that he had boarded
passing freight for Wolf Junction.
A good description of the thief is
in the hands of the police of all the
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
NEW YORK STATE STEEL
CO.'S OFFICES CLOSED

The offices of the New York
State Steel company, which have
for some time been located in the
Shandehing block have this week
been closed and the company re-
tires from business on the Mesaba
range, H. F. Kendall, who has
been local manager being appointed
to it's receiNership. The New York
State steel company operated the
kellogg mine near Biwabik, the
Larkin near this city, the Roberts
near Mckinley and the Knox near
Old Mesaba. It is understood that
the latter property is the only
one in which it still retains an in
terest.
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-06-13
PAVING CEMENT TO BE TESTED

PAVING CEMENT TO BE TESTED.
A Fairbanks cement tester has
been added TO the equipment Of
the office of City Engineer John
son. The machine will be used in
testing the cement that goes into
The paving and curb and gutter i'm
provements about the city, TO as
certain whether or not it is up to
the requirements Of the specifica-
tions and replaces a homemade
device which was formerly used.
The cement is made into miniature
briquettes and weighed and the new
mac chme which IS accurate to the
highest degree and will insure to the
city the use of the best materials
on all the improvements where &C.
ment enters into the construction.