The Ronan pioneer., 1917-02-09
MEDALS AWARDED
OTHERS PENDING


1917, A. D. Stillman sends out the
following to the editors of the state:
Il am handing you this piece Of
copy to do with as you please. Type
is the clearest and most concise form
l could use. l guarantee the facts,
and submit myself to criminal libel
for any mis-statement
1T will be of very much more thal
passing interest to your farmer read
ers. 1t may also interest the par
ents of the common school children
Our fight, maintained by the Wo-
men of Woodcraft and the Equity, is
in behalf of two very large classes.
The children in the common schools,
now and to come, and the farmers
VINO have been paying the enormous
rates of interest on the same state
money, the use of which has beef.
practically presented to the favored
banks.
1T is serious that the whole ques
ton has been flouted by these state
officials during the last four years,
but it is worse to have it rubbed in,
and they made heroes by fresh ap-
pointmcnts."
THE morning of February first
broke bright and clear for EX-State
Treasurer w. C. Rae. He was duly
sworn i'm as deputy state bank OK.
anainer.
"In preparation for that positiol
he took two year course in high fl
nance, and proved remarkably efflc-
lent in preserving to the banks the
use of some millions of the perman~
ent state funds, including more thai,
a million dollars of the permanent
common school funds. These tests
amply justify Governor Stewart Iii
approving his appointment to exam
inc and keep tab on the state banks.
This is especially interesting TO
our farmers who are organizing their
own banks. 1t will be JOY to have
them under the supervision of w. c.
Rae.
His ability was touciingly diE-
played by his examination Of the fl
nancial affairs of the Northwestern
Trustee company, before becoming IT,:
efficient secretalytreasurer He
should also have credit for his effic
lent services to the officers of thal
company, who were also state .,s-
fcers, in so skillfully conducting its
business, that a jury could not fin;
that no matter what their trans
actions actually We're, they could not
be convicted of conspiracy to us"
the mails in their fraudulent trans.
actions, that being the only point al
which they could be touched by the
United States, or it's courts.
J. 3. PoindeXter, eX-attorney yen
crsll of Montana, is also marked TO.
special reward. He has been called
to Washington in connection with MS
appointment as federal judge for the
Hawaiian Islands. Presumably this
is reward for his successful worK
in delaying for some six months Or
more every reasonable or sincere ef-
fort to obtain any loans for the farm
crs of Montana, at per cent from
outside the state, in competition wit.
the bankers within the state, who
have had practically the free use .:
some millions Of the state funds, IN
cluding one or two million dollars Of
the Common School funds, whic.
they were loaning to the farmers OF
the state at from ten to twelve per
cent or more.
For some two years he very sue
ceSsfully prevented any action at ali
under the initiated farm loan law, or
the Senator Brewer Farm Loan law
passed in 1913, as we'll as under the
Whiteside Law, passed in 1915.
Something should be deducted from
this, however, because he ultimately
failed, so far as the first two men-
toned laws are concerned when the
supreme court unanimously disagreed
with him and declared that it was
entirely unconstitutional to loan the
permanent state funds on farm mort
cages at rate of interest as low as
six per cent.
While the inhabitants of the Ha-
waian Islands are entitled to oul
sympathy, still Montana is entitled to
congratulations.
Toward qualifying for higher po-
litical honors, our two other Ex-At-
torney Generals, d. M. Kelly and A.
]. Galen, SO successfully handled the
defense of certain of the defendants,
that notwithstanding all the frauds
of that concern fully proved, it wa;