The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1918-02-01
BANK DEPOSITS
SHOWLARCE Cain
Despite War Money Demands In.
crease Last Year Amounts
To S34,O00,00O.
SEIBERLICH TO REMAIN
Governor Recommends No Further
Action in Case and Draft Board
Member Retains His
Position.

Member Retains His
Position.
ST. Paul.
Wartime thrift and economy among
Minnesotans is reflected in increases
in their bank deposits. These have
gained in spite of liberal subscriptions
to the Liberty Loans, Red Croos ard
other patriotic causes, according to
summaries on the latest state bank
call made public by L. E. Pearson.
state superintendent of banks.
Deposits in Minnesota state banks
increased more than $34,350,000 in
1917, and $3,150,000 Of the increase
was after Oct. IS. when Liberty Loan
and other campaigns were taking
large sums.
'In the state banks the usual per
centage of gains were maintained in
the face of wartime demands" said
Superintendent Pearson. This show
ing is remarkable, because of the un-
usual financial demands, and indi-
Gates that people are learning thrift,
and are prosperous. The general fl
nancial situation is extremely salts
factory"
Deposits totaling $24S,311,O67 were
listed on Dec. 81, against those OF
1913, 96O,615 Dec. 81, 1916. Cash re-
serves were maintained at high
level, in the last call amounting to
$42,911,15 or s23,692,749 in excess of
legal requirements, and compared
with a total of $3S,7SO,2S2 Dec. 81,
1916. Total assets of Lib banks ag-
gregated nearly s2S7,O0o,0OO. having
advanced $3S,265,O00 in the year
Loans were listed at 1921 100000 in
the last report, indicating gain Of
| S31 ,468,000 during 1917 business.
1. \ =
Seiberlich to Retain Place.
Governor Burnquist has recon-
mended that no further action &c
| taken in proceedings for the re-
moval of Robert Seiberlich, member
of the state boxing commission, from
the Eighth ward draft board in Min
neapolis, his secretary, Gustaf Lind
quist, said, following the demand by
Provost Marshal General E. H. Crow
der for the Governors recommends
ton in the case.
| Charges were made that Mr.. Sci
berlich was strongly pro-German in
his sympathies before the United
States entered the war and in vari.
Gus ways had proved himself to be
unfit to serve on the draft board
Provost Marshal General Crowder re-
fused to act without a recommends.
ton from Governor Burnquist.
/ !. i. Il
New Hours at State House.
Capitol offices have begun a new
schedule of hours from $3.50 a. m. TO
$50 p. m. to make up time under the
new order for all-day closing on Sat
urdays. The Saturday closing order
was issued by Gustaf Lindquist, sec
rotary to Governor Burnquist, after
consultations with department heads
Fuel saving measures adopted re
Gently are expected to reduce the dai
ly coal consumption at the building
!
siderably less than 10 tons Further
savings are being attempted at the
old capitol building.
\ + !.
Hotels Face Action.
w. A. Wittbacker, state hotel in
neapolis and st. Paul hotel ant
restaurant keepers who failed to pa,
the 1917 state license fee are facins
prosecution. Lists of these place:
were turned over to the county at
torneys, with requests that actions b,
brought against them at once. Thu
Minneapolis list of So hotels ant
restaurants includes several larg,
ones.
$225,000 Ore Royalties Paid State.
Payments of $225,O0O in royaltie
on iron ore taken from state-owne,
mineral lands have been virtuall
completed at the office of State Treas
urer Henry Rines. The remittance
covered amounts due for, the las
quarter of 1917. ]. P. Funk, minera
lands clerk, said that the showing
favorable one.
y X +
Minnesota Ranks Ninth.
Washington, Jan. 23.-Farm pros
ucts of the United States reached tn
; unprecedented value of $19,443,849
3S1 last year, an increase of NOR
than $4,000, 100000 over 1916 and a
most $4,000, 100000 more than in 1915
,, Minnesota ranks ninth, with crop
valued at $4S0,23O.000.
No Legal Barrier.
Reported plans of the Consumer
United States company, an offshoo
of the Nonpartisan league to invad
Minnesota and organize chain store
probably will not be affected by III
state blue sky law. Members {
the Minnesota Securities commission
, charged with administration of tn
!. new statute to protect Minnesota il
yestors against wild cat investmer
schemes, expressed informal opinion
: to that effect, explaining that the pIa
! involves simply an employment col
tract.
y /. 4 i.
: Higher demurrage charges are
y effect on all Minnesota railroads III
' der the recent order of the stat
q railroad and warehouse commission
$ Forty-eight hours free time II