The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1916-02-24
Too Many Banks In State.

Unless measures are taken in the
near future to curb the number Of un-
necessary banks being organized, Min
nesota will be overrun with weak
banks, according to A. H. Turritin,
state superintendent of banks. Too
many banks are being started in towns
where banks amply able to care for
the needs Of the business men and
people there already exist, he said.
Something must be done by the leg
islature soon which will make it more
difficult to organize state banks"
Mr.. Turritin offers the following sug-
gestfons for the guidance Of the Leg
islature. Increase capital stock requir-
ed. Limit banks to population. Is
sue permits to cashier or manager Of
a bank.
Create a bank charter commission.
mo town of less than 200 persons
should be permitted to have more than
one bank. This allowance should not
be increased to permission for Sec
ond bank until the municipality has
increased in population to 500 persons,
said Mr.. Turritin.
X X X
Tobacco Industry Thrives.
Tobacco growing in Minnesota, until
recently the theme of many rural jokes,
has assumed sufficient proportions in
recent years as an industry, in the op-
inion of experts at the agricultural COL
lege of the university, to be the sub
ject of special bulletin. Minnesota
is growing tobacco and growing it in
quantities large enough to be given
statewide recognition. According to
the bulletin, Minnesota is in line to emu
late Wisconsin's $6,0S9,000 yearly out
put within a short time.
The production of the plant at pre-
sent has been confined to the south
eastern part of the state. The brand
raised is recognized as filler and bin
der grade. Thus far the profit from
Minnesota farms has averaged $165.88
per acre as the highest gross income
X X X
Blow to State Tax Board.
The Minnesota state tax commission
received a severe blow from the su-
preme court when the latter body held
that leases on mineral lands cannot be
assessed as credits. Such leases have
heretofore been so assessed. The de-
cision will mean heavy loss for the
state in taxes, though the commission
was unable to tell the amount because
the leases are listed with all the other
credits. The case was brought by
the Royal Mineral association.
X X X
Funds to Save Quail.
A campaign for funds to help in say.
ing thousands of Minnesota quail that
are starving because of the deep SHOWS
has been inaugurated by six St. Paul
/ sportsmen and Carlos Avery, executive
of the State Game and Fish Commits
sion. A temporary committee has been
formed.
X X X
State Wins Oil Case.
A second victory was scored by the
state in it's fight for collection of oil
inspection fees when District Judge
Michael decided in it's favor against
the Pure Oil company, contesting a
claim for $4,000 fees levied.
K X 4
Highway Route Approved:
A vigorous fight was necessary to
approve the Jefferson highway as orig
inally proposed, but the delegation
from Minnesota which attended the
meeting at Kansas City to act on the
proposed highway came home able to
report victory.
Omaha, fortified by re-inforcements
from Arkansas and proxies of North
and South Dakota, put up a hard bat
tie, but the contingent favoring the
laying out of the highway from New
Orleans to Winnipeg through the Twin
Cities, via Kansas City, won out.