The herald-advance. (Milbank, S.D.) 1890-1922, 1920-10-29
LOANS %$27,000,0Oo
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 1t became a
law. Every county in the state Is
included in the benefits, and to date
S27, 600, 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 up 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, 600 a
month, and Is in shape by a new loan
to carry on at the same rate or bet
ter for another six months. About
$4,000, 900 was placed at the low rate,
and $1,000, 600 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 one 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 one OF using
the funds to assist in meeting the ne
cessities of farm business, has been
the policy for several months, rather
han the n used at the outset of
making the loan for development puc-
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
Iii number Of loans, practically rs
many have been made west Of the Mis-
souri,.
The water problems Of Mitchell
and other towns in the immediate
vicinity of the James river valley can
easily be solved, according to a Lin
WI, A<Cp. 6CoIc6iSI, WAO WlI.E5 tIdl
it is a we'll known scientific fact 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 says, AID the
water, running in a s~uhtcrranean
channel, perhaps 200 feet under
ground. He says lie 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
its location with his instrument easy.
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
ing all they can to prevent their eS-
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 ear have apparent
ly not helped, as the herd numbered
far more a couple OF years ago than
1t does now. The penalty under the
state law for killing an antelope is
a Jail sentence. No fine Is provided
for as al 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 Caltfor-
MIA, and as no enc else can be found
to accept the office OF mayor, a move
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 ascertainine
the whereabouts OF Mrs. Ina Brit, or
her father, 7. b. Fleming, former resi-
dents Of Lead, who are heirs Of C. VI.
Brit, who died recently at Riverside.
leaving a valuable estate.
At the September examination for
school teachers, there we're 1,2oo are
plicants for licenses. and Of these
seventy-nine were granted first grade
certificates, GIL second grade certifi
Gates. 223 third grade certificates aud
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 men
at that place and vicinity, which has
been erected in Epiphany.
A fire originating in the kitchen CT
q hotel destroyed a whole city block
In the city of Crescbard. The prop,
erty damage was estimated at $22A
600.
An outstanding feature Of the crop
improvement OF the Edmunds county
farm bureau is the agreement of 80
farmers to try the soybean next year.
Pralrio fires are rpnnrtoI 9 -.