Sioux County pioneer. (Fort Yates, Sioux County, N.D.) 1914-1929, 1920-12-09
Present Financial Stringency
Finds This Locality in Good
Shape to Meet Conditions

The credit rngency from which the nation as whole
and especially the state Of North suffering finds Fort
Yates and the greater Of Sioux County in particular fortunate
circumstances stem the tide threatening insolvency until the
restoration to normal conditions has been achieved.
The time will probably when the business around
Fort Yates will be strictly dependent the agricultural products
OF the adjoining farms But right this is the The
farming poteniaites existing here while great just beginning
to be developed As Fort Yates business revenue ndr
ecy from federal The money Indians which paid
them by the government and the received from
lease Of land handled though the age measure sun.
ports the various business enterprises Fort Yae And 70 large
extent failure acred strngency have
tens6ed BY conditions peculiar The state has very
little influence on the amount Of Indian money circulation
Supt James Kitch the preparatory work
be completed is be Indians This will
be OF aid not only to Fort Yates but to the entire country
In one sense abnormal credit strngency nothing
OF confidence and money Any would at
this time bank his money old sock rather than in bank
merely helping to cut his throat All deposits
Sioux county well all other banks absolutely guar
anteed BY the State In times like this ANY ONE SPREADING
FALSE AND FICTITIOUS RUMoRs ABOUT THE FINANCIAL
CONDITION OF ANY BUSINESS ENTERPRISE OR BANK IS
AsDANGEROUs TO THE COMMUNITY IN WHICH HE LIVES
AS ANY RADICAL ALIEN BOOKED FOR DEPORTATION
Thus far the Bank Of North Dakota withdrawn $500 from
each ots repositories in Sioux County Industrial
Commission has advised the the their
opinion the recently initiated Law retroactive there should not
be further immediate Withdrawals County Treasurer j. R.
Harmon had intended in the Withdrawals continued
each withdrawal BY draft the State Banks local
banks The amount OF the drafts though necessarily have
been less than the the redeposted
in Sioux county larger than the counys balance in the State
Bank However, if the State Bank should continue to withdraw
it's deposits from the local the same time honorne
the drafts OF the County Treasurer way the difficulty
might be for the local banks include part of the money called
in BY the Bank OF North Dakota these checks
er in their favor and the deposited the State
Bank
Conditions worse in the thcky settled farming communities
The chief reason for the closing the banks has been the
refusal the farmer to sell his wheat the low price,
the price OF wheat should reach point which farmer would
be willing to SELL the seriousness Of the present situation would be
over in week.
Here in Sioux county but small proportion Of the land as vet
is raising is still important industry and while
the cattle market has suffered well wheat stockmen
who sold the first fall received price, comparatively
than did the wheat raiser &c. with ideal fall conditions that
have Prevailed there for county to be un
duly alarmed thu financial conditions Just die in
tighten the bsit little, and things will be normal