Sioux County pioneer. (Fort Yates, Sioux County, N.D.) 1914-1929, 1917-09-20
GUARANTY FUND
TO Be READY SOON
WILL PROBABLY BE AVAILABLE
JAN. I AND WILL REACH
TOTAL OF OVER $4,000.
DoINGs AT STATE CAPITOL
What 10 rransp,rlng In the Different
Departments Where the Affairs Of
State Government Are
Administered.

Bismarck.
North Dakota's first guaranty de-
post fund is expected to become avail
able Jan. 1, and will total SAL ,674.5O,
according to an estimate made by
State Examiner j. r. Waters. That
amount, 1t is believed, will be suffi-
cient to meet any demand which will
be made on the fund for the reim-
bursement of depositors in any one
year. If it should prove insufficient,
the state guaranty board has author
ity under an act passed by the last
legislature to call up to $S33,490.
The guaranty fund is based upon
the average daily deposits of the 696
banks and four trust companies which
are the beneficiaries. Such average
daily deposits. reports in the office of
the state examiner show, are $780,
600. The law authorizes the state
board to levy for the guaranty fund
one-twentieth of one per cent of these
deposits. which is equivalent to $41,-
GA, the amount which the board will
have at its disposal July 1.
Reports from all of the state banks
and trust companies have reached the
state examiners office, and definite
ground work now is being laid for the
placing Of the act in operation Janu-
ary l. Every bank in the state has
signified its intention to comply with
the provisions of the act.
Seed Wheat to Be Stored.
That the thirty-day storage clause
will be waived to permit the storage of
seed wheat and that difficulties exist.
ing between the food administration
and the North Dakota farmer will be
satisfactorily adjusted are the opin-
ions of Robert O. Taft, son of the for
mer president, here as a personal rep.
resentative of Herbert G. Hoover, after
brief consultation with Attorney
General LANCER.
To Prevent Live Stock Loss.
In line with the nationwide move
ment for the outstanding of food sup.
plies, the American Railway associa-
ton In letter filed with the North
Dakota railway commission calls at
tention to the many thousands of
horses. mules. cows and hogs lost an
nually on American railways. The as
ISOLATION suggests that section men
exercise particular care to prevent the
running down of live stock.
Aliens Eligible to Draft.
Aliens who registered June and
who have since that date declared
their intention to become American
citizens. are eligible for the draft.
Provost Marshal General Crowder has
advised Adjutant General Fraser.
steedman to Agricultural College.
Major R. r. Steedman, former CON-
mander of the battalion post at Fort
Lincoln and who since being placed ON
the reserve list has served as military
secretary and adviser to North Dakota
governors, has received from Wash
fngton advice that he has been re-
lieved from duty with the North Da-
kota National Guard and has been de.
tailed as military instructor at the
State Agricultural college at Fargo.
Dairy Production Cut.
The state dairy department on a
tour of inspection over the state,
found dairy products higher priced
than ever before at this time of the
year. Barren pastures, especially in
the western part Of the state. have
cut down production to point where
the farmers profits are little greater
than In other years. Two creameries
In the western part Of the state have
been compelled to suspend operations
for lack of cream.
Cleaners Want to Get In.
The state insurance department is
considering an application from Rose
L. Holloway, secretary of the Ancient
Order Of Cleaners of Detroit. Mich.
for admission to North Dakota to
write whole life policies. The Clean.
ers, strong In agricultural states
further east. never before have sought
to invade North Dakota.
State Troops to Go South.
According to telegram received by
Col. Frank White, the mobilization
camp site for the two North Dakota
Infantry regiments will be Greenville,
8. c.
The heavy tentage, field ranges and
mess kits have been shipped from At.
lanta, Ca, to Greenville. There will
be other regiments from North Caro-
lima and South Carolina and Tennessee
and q part Of the troops from the Dis.
trict Of Columbia.
The movement Of the troops is OK
pected within Q week.