The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1916-10-11
MINNESOTA. n HAS 70 !. :. :. :.
NEW STATE BANKS
DEPOSITS INCREASED BY $a2,7s4,
OF DURING TEN DAYS IN
SEPTEMBER.
BATTALION GOES TO BORDER
Three Batteries, Band, Supply Com
pany and Part Of Hospital Corps
Leave Fort snelIing-crowd
Gives Boys "Send Off,"
St. Paul.


St. Paul.
State banks in Minnesota increased
seventy in number, $30,340,371.96 in
deposits and $32,794,071.22 in assets
between September 2, 1915, and Sep
IL, 1916.
This index Of prosperity in the state
was given out by A. H. Turrittin, state
superintendent Of banks, and is based
on a compilation of statements for
warded by state banks in response to
calls on the respective dates.
Total deposits Of $197,9s8,2se.e7
were reported by state banks at the
close of business on the date of the
last call by the superintendent.
Combined resources of 1,010 state
banks operating September II totaled
1929, 959,085.12, compared with total
of $780,, 165,013.90 reported by $40 state
banks doing business September 2,
1915, making gain of $32, 4,071.22.
The 1,010 banks listed had a com
bined capital of $20,308,000, or $685..
500 more than $40 banks reporting tho
previous year. The increase in the
combined surplus of state banks dur
ing the year was $793,816.39, the re-
spective figures being $1S.699,500 and
20,366,0O0
X X 4
Artillery Goes to Border.
With gale driving che dust in
clouds about them, SIS enlisted men
and officers of the First battalion,
First Minnesota field artillery, started
on their long-deferred Journey to the
Mexican border.
At 1890 p. m. the tuot of IA engine
indicated to the members of A batter2
the location of their coaches.
In response to the commanding Of
ficer's sharp signal there was a brief
march, and few moments later the
first section was on it's way.
Some hours later the process was
repeated, and as the members Of b
and c batteries climbed aboard the
train Camp Bob3eter was entirely
abandoned by Minnesota national
guardsmen for the first time since the
last June.
Many of those who came to biz
farewell, however, brought lunck
boxes with them, and the hungry men
lost no time in investigating their con
tents. The crowd that was on hand to
give the boys a good "send-otf" was
m a n6 IN
greater than that which witnessed the
departure of those who entrained last
July.
X X X
Timber Cut Sets Record.
Timber worth $44,43018, cut from 4
single section of state school land
in Koochiching county, establishes a
new high record, State Auditor J. A.
O. Preus Announces
The Virginia & Rainy Lake Lumber
company, of Virginia, holding the con.
tract on the section, reported that 1t
had cut from the tract 4,842,41O feet
of pine and other timber.
"This is the heaviest cut reported
from any section of state timber land
in the history Of Minnesota" Oscar
Arneson, chief q the timber depart
ment, said.
"The contention has been made that
the state possessed no land contain
ing more than 100000 feet of log
lumber and it was never successfully
contradicted until now"
X 4 X
Prison Profits $731,678.
Besides saving millions of dollars to
Minnesota farmers in low prices for
binding Irvine and farm machinery
the state prison at Saltwater made a
net profit of 1871, 67866 in the last two
years, according to a statement By
Warden c.. S. Reed.
The net profit for the year ending
July 81 was $336,050.03 on the Irvine
plant, and $44,77.33 on farm machin.
cry, after deducting s33,119.9e as
profit and loss," largely because OF
the experimental departments expense
in developing new machines.
For the previous year the Irvine de-
PsSA SAAA~AS - oAAL0 AOLICu % lO.8SO. ~
and the farm machinery, $74,960.56.
X X 4
Tax levies Decrease.
Decrease of 100000 in the demands
Of the state on it's taxpayers for funds
for operation and maintenance Of it's
many departments next year compared
with the current year is shown in the
new tax rate for state purposes. This
was announced recently by State Aud
itor J. A. o. Preus and supplemented
with a statement of income and ex.
pense estimate and other items in OK.
PLANTATION of the reduction.
X 4 4
Stolen Sign Barred.
Until It's character as stolen prof,
erty has been cleared the Llano
Grande railway sign-post, which &C.
companied members Of F battery back
f~s~~ l1{r