The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1916-12-15
FIVE MILLION FOR
MAINTENANCE OF u
BUDGET ADOPTED BY REGENTS
PROVIDES FOR CONSULT.
ING ENGINEER.
MINNESOTA BANKS PROSPER
Never in More Satisfactory Condition
According to State Superintendent
Statements Under Last Call Show
Gains in Assets and Deposits.

Statements Under Last Call Show
Gains in Assets and Deposits.
st. Paul. |
A budget totaling $5,139, 900 has been
tentatively adopted by the board of |
regents of the University of Mime
nesota for the maintenance of the UNI |
versity for two years This budget was
to be submitted to Governor Burn.
quist for presentation to the Legisla-
ture with probability that he would
call another conference Of regents for
reduction.
Provision was made in the budget
for the employment Of a consulting
engineer in the extension depart
ment. His services will be free to
Minnesota cities and towns.
A ten-year contract was made for
electric power, terminable at any
time under a graduated penalty 4
the high dam proves available for
the development of power for the uni
versity.
The establishment of a college of
commerce was postponed indefinitely.
Large cuts were made in the appro-
priations for practically all depart
ments with the exception of the arts
college, which President Vincent char
acterized as the weakest point.
X X X
Gopher State Banks Gain.
On statements under the November
II call showing gains of about 20 per
cent in deposits and nearly 16 per cent
in assets for the year, A. H. Turrittin,
state superintendent Of banks declared
that Minnesota state banks collectively
were never in more satisfactory con-
dition.
Comparisons were made public Of
the statements on the recent call with
those under date of November 10, 1915
almost exactly year.
Deposits on the latest date were
$210, 841 ,522.SO or $34,152,19460 great.
er than on November 10, 1916, accord.
ing to the tabulation just finished.
Assets totalled $243,978, 727.71, showing
a net increase of $685. 57.45. The
item of loans and discounts increased
from $164,35O,723.26 to $191, 1926. Oo5.31,
a gain Of $27,477,282O5. Sixty-eight
new state banks were chartered during
the year.
X X X
To Choose Vincent's Successor.
Pierce Butler of st. Paul, Fred B.
Snyder Of Minneapolis and C. w. Glot-
felter Of Waterville have Seen appoint.
ed at meeting of the university
regents as committee to seek a sue.
cessor to President Vincent The com.
mittee received no instructions other
than to use it's own judgment as to
method and to get the best man avail
able. 1t is understood that the commit
tee leaves soon on tour that may take
it to many of the universities of the
East and Middle West
X X X
State Helps Save Eyes.
The state will supply, temporarily
at least, a specially prepared solution
containing 1 per cent silver nitrate for
the use of physicians and other at
tendents to prevent baby blindness"
as required by newly adopted regula-
ton of the State Board of Health. DR..
H. M. Bracken, executive officer of
the board, has so announced, adding that
the supply is now available. The ex.
pense of the solution Is estimated at
about cents for each treatment.
Prison Given Silk Flag.
Nearly 100 members and friends of
Mary e. Starkweather Tent No. 1,
Daughters of Veterans, Minneapolis
attended a gathering in the chapel of
the state penitentiary when big silk
flag, the gift of the Starkweather
Daughters, was presented to the insti-
tuition.
Developers Meet Soon.
Good roads and a comprehensive
system of drainage for the state are
two of the important topics to be
discussed at the second annual meet
ing of the All-Minnesota Development
association at the Old Capitol, Janu-
airy and 6.
Road Officials in Chicago.
John H. Mullen, deputy state high
way engineer in charge of roads and
C. Maggie, deputy engineer in charge
of bridges, were in Chicago to attend
the annual meetings of the Northwest
ern Road congress.
X X +
Two Officials Named.
Governor Burnquist has announced
appointments of John B. Sanborn, St.
Paul, as state insurance commissioner,
and A. NJ. Opsahl, Brainerd, az state
oil inspector.
X + X
State to Lend $1,50o,o 900.
The state board of investment has
voted to receive applications for loans
up to limit of 81 5000 the amount
estimated to become available before
Aug. 1, 1917. 1t was decided also to
receive applications for loans for the
construction of county roads. Board
rules were amended to provide for
meetings on the first and third Mon.
days of each month, to expedite bust
ness. William E. Lee of Long Prairie
presented the application of Reynolds, |
Todd county, for a loan of $4,000 with |
which to build two roads.
X