The Sisseton weekly standard. (Sisseton, Roberts County, S.D.) 1892-1929, 1919-04-11
Roberts County and
the Fifth Liberty Loan
County Chairman H. S. Morris Gives Some Interesting
Facts and Figures Concerning Roberts County and
the Coming Liberty Loan Drive

Interviewing Mr.. H. S. Morris,
Chairman of the 5th Liberty
Loan this week, we ascertained
that the rate of interest and the
amount of the next loan have
not been announced yet, there
fore the quota of Roberts County
is not known. 1t is expected that
The amount of the loan will be
six billion and the rate not less
.aan 4lls percent, perhaps 5 per
cent, the bonds to run five years.
Judging, Mr.. Morris said,
from the amount of boquets
t ~rown at South Dakota the APP
laortionment for the State and
Roberts County will not be less
and probably will be more than
before. Thus far the county has
subscribed and practically paid
for $2,0O0,00O.OO of Bonds and
Stamps. To a very large degree
these securities remain in the
county and its people are that
much better off.
But not only is this true, but
1T is also true that the people are
much more able to buy bonds
now than they were a year ago.
Evidence of this is found in the
crop returns of 1918 and the in
creased bank deposits. The
Shreshers last year were requir-
ed to report the bushels threshed
a,ld from this it appears that
there was raised
2,5l0,OO0 bu. wheat a $500
....... .$5, ,O2O, 900.
100000 bu. barley (D Zoe
........... 80. 1851 900.
123, 900 bu rye a $1.5O
....: Slo4,OOO.
GA, 900 bu. of flax @ 1925
... $2O8, 900
Total .$6,273,OOO
In addition there was raised
|2.21O,O0C bushels of oats, good
corn crop, while the county has
sold hogs md cattle of an un-
Known amount, but which certain
ly exceeds S. .0OO,OOO.OO in value.
For the purpose of the 3rd
Liberty Loan, the Committee last
year made very careful esti-
mate of the wealth of the Coun-
tv and found that after their
debts were paid the people of the
county, on a conservative esti-
mate, We're worth a little over
$;2O,OO0,Q00. The crops Oh 1918
therefore amounted to more
han one third of the total wealth
IL the county as it appeared one
year ago.
Also the bank deposits have
increased SO that the banks of
Ire county have 20 to 80 per cent
more than a year ago. Mean
while the people of the County
have purchased $1,75O,OOO war
securities and have paid off a
tremendous amount of debt be-
side purchasing a large amount
of Indian and nonresident land.
In addition to this, large sums
have been spent in farm and
home improvements and COM
FORTS"
Upon being asked about plans
for the 5th Loan Campaign, Mr..
Norris stated, that the allotment
system would again be followed.
t has. he said, "proven sue
cess and apparently given good
satisfaction. More over it is fair,
and is so recognized. | find that
neary every man is quite willing
to do his part-but in matter
where some loss, in the way of
interest, is likely to occur, he
wants his neighbor to do his
share also. In this connection Il
might add that l had supposed
that the Council of Defense had
gone out Of existance through
the proclamation of the Cover
nor last January Il have just
learned that this is not so. Much
of its power was taken away by
the proclamation, but the power
to make inquiry relative to the
ability of a person to buy bonds
is specially preserved.
The people of the County as a
general thing have responded
most patriotically and undoubt-
edly will do so again-but there
have been instances where the
Council of Defense was called
upon to examine persons, and
this power will be used again if
found necessary.