The Tomahawk. [volume] (White Earth, Becker County, Minn.) 1903-192?, 1916-10-12
SEVENTY NEW STATE BANKS

| Increase OF $3O,34O,3I7 In OeposIts IN
Ten Days In September Shown In
Statement Given Out BY
State Superintendent.
St. Paul.
With a gale driving the dust in
clouds about them, 575 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 toot OF an engine
indicated to the members of A battery
the location of their coaches.
In response to the commanding Of
! ficers sharp signal there was a brief
march, and a few moments later the
first section" was on it's way.
Some hours later the process was
repeated, and as tbs members OF q
and G batteries climbed aboard the
train Camp Bobleter was entirely
abandoned by Minnesota national
guardsmen for the first time since the
mobilization last June.
Many Of those who came to bid
| farewell, however, brought lunch
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, good "send-off" was
estimated by many to have been
greater than that which witnessed the
departure Of those who entrained last
July.
Muzy New State Banks.
State banks in Minnesota increased
seventy in number, $30,34O,371.96 in
deposits and $32,794,07122 in assets
between September g.. l9l5, and Sep
TENDER II, 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, 2S6.97
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 L. totaled
$229,959 ,OS512, compared with total
of $197,165,01 reported by $40 state
banks doing business September 2;
1915, making gain of $32,794, 071.22.
The 1,01O banks listed had, a. COM
bined capital of $20,30S,000, or $685.
500 more than $40 banks reporting the
previous year. The increase in, the
combined surplus of state banks dur
ing the year was $793,S16.39, the re-
spective figures being, $1S,699,5OO and
$20,366,000.
Timber Cut Sets Record.
Timber worth $44,43O.18, cut from q
single section of state school land
in Koochiching county, establishes a
o. Preus announces.
The Virginia & Rainy Lake Lumber
company. of Virginia, holding the con-
tract on the section, reported that it
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 Of 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
contra dictedt until now"
4 Il r
Prison Profits $7at,67a.
Besides saving millions Of dollars ia
| Minnesota farmers in low prices for
binding Irvine and farm machinery,
the state prison at Saltwater made a
net profit Of $731,S7S.66 in the last tive
years, according to statement 81
Warden c.. S. Reed.
The net profit for the year ending
July 81 was $336,O50.03 ON the Irvine
plant, and s44,777.33 on farm machin
cry, after deductfng $33,119.90 a.
profit and loss" largely because OF
the experimental departments expense
in developing new machines.
For the previous year the tw1ne DO
partment profits netted $275,S9074
and the farm machinery. $74,96O.56.
| 4 X X
Tax Levfes Decrease.
Decrease of S7O2, 900 in the demand:
of the state on it's taxpayers for funds
for operation and maintenance OF 1T
many departments next year compared
! with the current year is shown in thu
new tax rate for state purposes. This
was announced recently by State AID
itor J. A. o. Preus and supplemented
with q statement of income and OK
pense estimate and other items in q
PLANTATION of the reduction.
X 4 +