The herald-advance. (Milbank, S.D.) 1890-1922, 1915-10-22
RESTRAINT ORDER HITS GUAR.
ANTY ACT, CLAlM-WiDE.
SPREAD IN SCOPE.
OTHER ITEMS OF INTEREST
From the Capital City. the Various
State Institutions and from
Many Different Parts Of
the Sunshine state.

1oA ~ Ia 0S0AAA IA 1Io lullIlA, 0Au
will do all in it's power to enforce
the same. Beyond that 1t would be
unethical for me to discuss the injunc.
ton further now that il is in the
courts"
This was the only statement Gov. F.
M. Byrne would make in reference to
the injunction started by Sioux Falls
national banks in IN effort to restrain
the state banking department from
putting into effect its ruling that on
and after November Is all state banks
would be required to carry at least SO
per cent Of its legal reserve-1O per
cent of its deposits-within state
banks designated as reserve banks by
the department.
Papers in this injunction were
served on State Bank Examiner ]. L.
Wingfeld here by Sheriff T. C. Wyck.
off, of Brown county. They were
signed by Judge ]. w. Jones, of Sioux
Falls.
This Injunction proceeding goes
further than what appears on its face
to only protest against the so per cent
reserve ruling becoming effective. In
reality it attacks the entire new bank
guaranty law passed by the last legis-
lature as chapter 1O2, sessions laws
Of 1915.
The title OF this act is: IAN act
providing for the establishment Of a
department of banking and finance,
defining the powers and duties of such
department and the officers thereof,
and providing compensation and ex-
penses of such officers; providing for
the organization. regulation and con-
troll of banks, trust companies and the
banking business, and to bring the
business of banks and trust compan-
les more fully under the control of the
department Of banking and finance; to
prevent fraudulent banking and pro-
vide penalties therefore and to au-
thorize the payment Of rewards for
the apprehension of persons accused
Of violation thereof; providing for the
establishment OF a depositors' guar
anty fund to guarantee payment of
general deposits and the establishment
Of q commission to supervise and
control such fund; providing for the
liquidation of insolvent banks"
The action started in the circuit
court at Sioux Falls is, it is under
stood, but m of three actions now
being contemplated by groups Of bank
ers in various sections OF the state,
and in each action an attempt will be
von1A - 1a~ rM AhnDf0v 100 cnrc{1~ 1ouvc
of 1915, declared unconstitutional.
The bankers of the state, while
bringing these actions separately and
with separate counsel, are all united
In the one effort to knock out, If pos
slhle, the entire bank guaranty law,
which was drawn up for the purpose
Of protecting ~depositors against losses
arising from Irregularities in the bank
ing business.
They contend that this law, and es-
pecially the ruling OF the state banking
department requiring state banks to
deposit SO per cent of it's legal re-
serve In state banks designated as re-
serve banks, will work a hardship on
all banking establishments In this
state as we'll as in the financial ZEN
ters Of the east, disarranging financial
conditions and relations which have
existed for years.
Death Of Red Antelope.
Winner.-While returning to camp
from q trading trip in Winner recent
", Red Antelope, one Of the few re-
naming historical members Of the ia
nous Sioux tribe, met with an acct
dent that resulted in his death at the
camp two days later. His team be-
came frightened at a switch engine,
1t Is supposed, and, throwing him out,
dragged him for q considerable dis
lance. He was evidently kicked by
n Of the horses. as he had sustained
q severe concussion of the brain be-
sides other more or less serious con-
tusiOns. He never regained conscious
ness. Red Antelope. was greatly ad-
mired by the members Of his tribe,
and had many warm friends among
his white neighborB, because Of his
honesty and other sterling qualities.
He is said to have been the richest
Sioux Indian on the reservation. He
was Of fine physique and s feet 3
inches In height. He was Is years
old. He is survived by his wife,
known AZ Black Hawk, who Is said
to be q direct descendant Of the Ia
nous old chief of that name. The body
was taken for burial to the Indian
burying ground near his home, six
miles south Of Wood. In Mellette
county.
Bison.-The benefits to be derived
BY farmers who thoroughly prepare
their ground before seeding were dem
onstrated here By Alfred Byers, who
tssted ont ~subsoiling and the thor
ougA cultivation Of tho seed bed 70
hle own and his neighbors' satiefAe-
t1oo this year. Two acroe = biz fAfn
wogo peeDaso1 With speclet care. On
oae ~ sowed % pounds q Marcus
wheo4. This acro yieldod q b0ohels
" uo1n WAon 11SeeheA. @ - 81
1900 mooea GHn1rnrg -