The herald-advance. (Milbank, S.D.) 1890-1922, 1920-02-20
MILLIONS TO Frs
SOUTH DAKOTA RURAL CREDITS
BODY MAKES STATE
MENT.

me state rural CredltS commission,
which is now floating a 100000
bond issue to raise funds to carry
o its work Of lending to farmers, has
Just made a statement of it's activities
and its fiscal condition at present.
Practically $50. 900, 900 of loans is the
record SO far made by the state rural
credits commission. according to their
statement showing their condition OF
business on the 10th day OF January.
They had made 1926 individual loans.
which amounted to SIS, 666,O 5O, which
was secured by 1.269,7S2 acres Of farm
lane in the state, with an average
loanlng rate of sl6.2S per acre. The
newer counties Of the state have been
more ready to take this method Of
assisting in developing than have the
older counties, and the valuation per
acre has been held down by this. The
showing ind Gates that at this time
there are but two counties in the state
in which loans lave not been made,
these being Douglas, east of the Mis-
souri, river, and Washington, west Of
the river. While the loans in several
counties get lex the 81 1000, 600 mark,
only two counties have gone over that
figure. Brookings has 1885, 900, with
several loans In that county running
at $45.S2 per acre, and Hand has
$l,l30, 500, the average loaning rate
per acre being s19GS per acre. The
highest loaning rate in any county has
been that in Union, where it was
s6737 per acre. and the lowest is in
Armstrong, a reservation county,
where the average was only SAG per
acre.
Minnehaha county is to have an
other consolidated school. making the
fourth that the voters have author
lied. with another section to take ac-
ton before long. In a special election
six districts, including the town or
Baltic. voted overwhelmingly to con-
solidate and erect a school at Baltic
this summer. The plal-S call for a
building to cost approximately $4,000.
South Dakota towns and cities
through which the Yellowstone Trail
passes. subscribed $500 to the up
keep OF the trail during 1920, $500
more thar was allotted to the state.
OF this amount s1,100 was paid in
cash.
At a recent meeting Of the city
council it was determined to pave
the main streets OF Winner. Resolu.
tons calling for about three miles OF
paving at an estimated cost OF $500.
600. have passed the second reading
Odd Fellows OF Aberdeen are max.
ing plans to build a home for al, OF
the ! o O f. LODGES in the city. The
lod"es w their building site and ex
pect to make plans for the erection
OF a home by early. spring.
Floating $4,000, coo worth of bonds
has been undertaken by the rural
credits board of the state Of South
Dakota. These bonds are in denomi
nations OF SIS, $50. 500 and $500
with interest coupons extending over
a period of twenty years at S pei
cent interest, payable annually.
The Clark Athletic club has been
organized by young men OF the city
n ARRANGEMENTS are being made to
open a gymnasium in a business block
Petitions have been presented tc
the board Of education by the teachers
Of the Water Wn schools asking tina,
their minimum salaries be fixed a,
According to information reaching
Aberdeen, United States District At
torney E. w. Fiske, Of Sioux Falls, has
ruled that all evidence in cases lie
violation OF the prohibition enforce
ment act in the future must be sub
mitted to him before arrests can be
made.
Great quantities Of hay continue to
be shipped from the Miller territory
to the Black Hills and Wyoming
wheer stockmen are short OF feed for
their animals and have to ship in sui
ficient amounts to carry their live
stock over the winter months.
The new $4,000 heated, electric
lighted. water supplied and modern
equipped stock sales pavilion being
erected In FIT. Pierre by the stockmen
of Stanley county is in process OF
rapid construction and will be com
pleted by March /.
The pastors OF the churches OF the
state are reminded that the big con
ference for the state in which copera
ton OF the churches in the big mis-
sionary movement will be discussed
is to be held in Mitchell, during Feb
ruary.
The development OF the tin mines
Of the Black Hills is progressing well
and the production of the metal prom
Uses in the near future to be an i'm
portant part OF the mining industry
OF the Black Hills.
Voters Of Perkins county will have
the opportunity On March % to ap
prove or reject the proposition of is
suing bonds in the sum OF $500, 900 fOr