The herald-advance. (Milbank, S.D.) 1890-1922, 1920-12-03
SD. DEPOSITS SHRINK
DECREASE OF 100000 SINCE
JUNE 20 IN SOUTH
DAKOTA.

Deposits in the state banks and trust
companies in South Dakota fell OF ma
terially during the period between
June 30. 1920, and September :. as
shown by the comparative abstract
compiled by the department OF bank.
Ing and finance at Pierre. On June
30 the check and savings deposits to,
tailed nearly $1,000, 600. while on Sep
tember 8 they had dropped to . point
just below s71. 600, 900, the checking de-
posts showing q decrease of $2,94S,sS5
as . reflection Of the financial condi-
lions existing over the country which
many believe will commence to show
Improvement after the first OF the
coming year. The loans and discounts
naturally also show a corresponding
decrease. there being &1E5, 1856 ,946 out
on loans at September 3. - against
$1bS.171.627 on June 30.
One OF the measures being actively
discussed for consideration by the leg
tslature at the coming session 10 that
Of drainage. At present n "d,strict'
drains surplus water iniO q stream and
floods lands lower down in the valley.
and q demand Is osing made for a gen
eral system OF drainage in which the
needs and rights OF all within the wa
tersbed Of any particular drainage ba-
sin are to be looked after and cared
for In one plan.
Druggists, physicians and transpOr.
tation companies, who have permits to
use. sell and transport liquor for 9th.
er Than beverage purposes. will have
to renew their permits IL they were
issued prior to August II, 1920, accord
Ing to q statement made by the state
prohibition officer.
Liberty bond owners in Mitchell and
Dawson county are selling their bonds
rapidly, despite tie low quotations on
many of them, according to statements
by, local bankers. 1t Is the opinion OF
many Of the bankers that the lack OF
ready money is causing the larger
sale.
Tight money is not going to keep
Tyndall from making necessary civic
improvements if local citizens have
their way. Three issues Of 6 per cent
bonds are now advertised for nale and
nancially. able to do much improving.
Crowds Of men were required to re-
nov great masses Of snow from the
streets and cutters Of the Lead bust
necc iictrict sThn Spnvu foil auripv m.
OF the heaviest falls Of snow expert
enced in this part Of the Black Hills
ihus far this fall.
1t is announced from an apparently
reliable source that Congressman
Candy, democrat. is likely to institute
a contest against Judge William VIII
hanson, Of Oacona. republican,, who
defeated him at the election this
month.
Emanuel HIns, 81, lost his life in the
blizzard which swept South Dakota
Monday, November i. His body was
found by one OF the several parties
which have been searching for him
since the day after the storm.
The mining ground OF the Anaconda
Mining company on Elk creek, some
miles from Deadwood is being extern
sively developed preparatory to the
mine resuming operations on a large
scale early in the new year.
Plans are being made to complete
what is known as the Boulder Can
yon highway. which extends from
| Viii yrnn1 nnoyo~ n~r;n
through n OF the most picturesque
portions Of the Black Hills.
The MurdO school is conducting q
health crusade. The chief requisites
for membership are hat the pupils
abstain from unwholesome food, take
plenty OF exercise in he open air and
keep neat and clean.
Under an arrangement with the
owner Of the local electric light sys-
tenn Of the city authorities Of Volga
have taken charge OF the plant. and
will conduct it as a municipal insti.
tuition.
A letter from former Governor YES
sey tells that he is now located 1t
Pasadena, Cal. and working with one
OF the largest home building organiz.
tons in southern California.
Through the influence Of the farm
bureau, farmers in Butte county have
signed to raise about 1000 acres Of
sugar beets next year in the irrigable
parts OF the county.
Extensive improvements are being
made at Sylvan Lake. the new state
park near Custer, following the clos
Ing OF the hotel there for the sea-
son.
The South Dakota Improved Live
Stock and Poultry Breeders associa.
ton will hold its annual meeting and
sales at Mitchell, on January lila.
The Memo band has been reorgan.
lied and will be made a leading band
organization of southern South Da.