The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-10-28
LOANS ~$27,O0O,000
THE SOUTH DAKOTA RURAL
CREDIT BOARD DISTRIBUTES
$4,000 A MONTH.

Seven thousand farmers of South
Dakota have secured benefits Of the
rural credits act since ii became a
law. Every county in the state Is
included In the benefits, and to date
$27. 900 900 has been loaned to farm
ers to assist them in the development
Of the state. The rural credits board
Is one of the busiest organizations in
the state. The department has Sc
cured money for loans at the lowest
possible rate, and VI to the time OF
the present financial situation forcing
up rates. the Loans have be made
at the rate Of 5h per cent, but even
with credits being limited generally.
the department has been able to help
out farmers at a rate of $500, 900 a
month, and Is In shape by a new loan
to carry on at the same rate Dr. bet
ter for another six months. About
$40, 900, 900 vas placed at the low rate.
and $1,000, 900 at a rate slightly high
er. and this rate will be maintained
until money can be loaned at figures
which will allow a reduction. While
the policy from the start was onc Of
development, since the financial
stringency the efforts of the board
have been devoted to making loans
to farmers who have mortgages COM
ing due, which they must care for, and
on account of the low price of stock.
This policy along with n Of using
the funds to assist in meeting the ne
cessities of farm business, has been
the policy for several months, rather
than the one used at the outset of
making the loan for development pur-
poses. The purpose Of the board at
the present time being to care for
the pressing needs of farmers. The
largest portion Of the loan in dollars
has been placed in the Sioux and Jim
river valley sections Of the state, but
in number of loans. practically rs
many have been made west of tho Mis-
souri,.
The water problems of Mitchell
and other towns in the immediate
vicinity of the James river valley cap
easily be solved, according to a Lin
coin, Neb., geoiogi3t, who writes that
the Missouri river formerly ran in the
James river valley, entering the state
south of Bismarck and leaving it near
Yankton. The Missouri river water is
exceptionally good, he saws, and the
old river valley is still flied with that
HFnfnr rIrnnfnU in n oyrlNfnprn ~ 4 N
channel, perhaps 200 feet under
ground. He says he has invented an
electric device which will locate the
old channel within one or two feet.
The underground current, he says, is
charged with electricity, thus making
In Perkins county is one of the
few small herds of antelope yet re-
naming in this state, and the local
game wardens in that section are do
termination. Hunters take every or
portunity to take a shot at them if
they think they can do it without get
ting caught, and the efforts OF the
wardens in past years have apparent
ly not helped, as the herd numbered
far more a couple of years ago than
it does now The penalty under the
state law for killing an antelope is
a Jail sentence. No fine is provided
for as IN alternative.
The question OF engaging the serv.
ices of a business manager is the
chief matter scheduled to be submit
ted to the voters at a special election
called in Chamberlain. The mayor
plans spending the winter in Califor-
MIA, and as no n else can be found
to accept the office of mayor, a moye-
ment was ~inaugurated to have the af-
fairs Of the city conducted by a bust
ness manager.
Residents of the Black Hills have
been appealed to by attorneys at Riv-
erside. CAL, for aid in ascertaining
the whereabouts of Mrs. Ina Brit, or
her father, t. B. Fleming. former resi-
dents of Lead, who are heirs of C.. w.
Brit, who died recently at Riverside,
leaving a valuable estate.
Al Inc O0ptcInDcT cAdluludllOu IUT
school teachers, there were 1889 ap-
plicants for licenses, and of these
seventy-nine were granted first grade
certificates. Gil second grade certifi
Gates, 223 third grade certificates and
II primary certificates.
Hundreds of people of Epiphany and
the surrounding region will be present
at the unwilling and dedication of a
monument in honor Of the service mel
at that place and vicinity. which has
been erected in Epiphany.
A fire originating in the kitchen OF
a hotel destroyed a whole city block
In the city of C~rescbard. The prop
erty damage was estimated at $685.
600.
An outstanding feature of the crop
Improvement OF the Edmunds county
farm bureau Is the agreement of 30
farmers to try the soybean next year.
Prairie fires are reported so far
from Walworth. Potter and Lyman
c1unties.
Work on the road project between