The herald-advance. (Milbank, S.D.) 1890-1922, 1920-01-16
FARMERS INVENTORY
STATE COLLEGE TO HELP FARM.
ERS KEEP TAB ON THEIR
REAL INCOMES.

dividual farmers will observe nven-
tory week January s to 10. for the
purpose of securing facts for income
tax reports and to establish q basis
for farm records. M. X. Benedict,
farm management specialist of the
state college extension division, says
that farmers frequently pay excessive
ly high income taxes because they
have no accurate record TO figure on,
basing their statements solely upon
q record Of receipts and expenses. A
farm is likely TO hold over crops
one year for sale in another. This
makes a very low income some years
and . very high income other years;
whereas income taxes are lowest IL
the income runs about the am each
year BY taking al inventory, the
farmer gets a record OF the actual
farm income for the given year instead
Of showing part Of the income from
two years In the receipts OF one. TO
have accurate Information as to what
the profit or less OF the farm has been,
the farmer needs four things: (1) A
list OF all property on hand at the
beginning of the year, with its value;
(2) a record OF the money received
from the sale OF farm products; CD
a record OF the expenses Of running
the farm. and ca a list OF all prop
erty on hand at the end OF the year.
with its value. Farmers who desire
assistance in making their inventories
49, cnor~A - bu nnr1yirr ~ fhpjr
county agents or bankers. or by writ
ing tc VI. n. Benedict.
e work CT preparing the mining
Of tin in a group OF mines near Hill
City Is making rapid progress, and 1t
will not be man weeks, from the
present outlook, until the production
OF tin has been added to the other
mining industries OF the Black Hills
The tin mines are being developed by
q company said to have ample capital.
1t will have it's W smelter. Grading
for the loading tracks now is in prog
ress. In The Tin Boom mine, one Of
the group, the boiler and hoist are in
position, A new vein OF tin ore found
in the Mohawk mine, another of the
group, is four feet two inches in width
and loaded with metal. The ore bin
AZ this mine already is full, and q
shipment OF the ore will be made at
once to the mill.
Since the destruction by FIRE q few
days e. OF the public school build
ing at Winfred, a movement has been
started for the consolidation OF The
Winfred and several adjoining school
districts In Lake county into ono
school In Winfred. Ii ia probable the
matter will be brought to a vote of
plan carries, q modern consolidated
school building will be erected in Win
fred. and pupils residing at a distance
will be transported to and from school.
In the meantime the Winfred school
IL working in such quarters as al
he obtained.
The demand for loans from the state
rural credit board is continually IN
creasing. Notwithstanding SIC, GOO. 900
Of farm loans have been made within
AAO wv anu AC-ld yCdIS IN Liz
board was organized, it will require
between 81. 000. 900 and $4,000, 600 ad-
ditiOnal to take care OF the loans de-.
sired before the 1st OF March. 1920.
With these conditions existing the
board has decided to offer for sale
bonds to the amount OF 81, O0O, 600.
Arrangements are being made by
the city commissioners OF Rapid City
for extensive paving which will be
done ext year.
In q resolution denouncing the Sis
seton Standard. a non-partisan league
newspaper. for its stand in upholding
the Centralia, Wash, outrage. the Ed
ward Otto post Of the American lie
sion OF Sisseton asks loyal citizens
to withdraw their support from the
newspaper. The Standard is Sisse-
toms only newspaper. This Is the
o drastic action taken by a South
Dakota post Of the legion.
The secretary OF state has received
from Maj. Gen. Leonard Wood the
formal announcement that he is a can
didate for president and accepts the
nomination for Endorsement rendered
him by the South Dakota republican
party He gives bis home Town as
Bourne. Mass. and his present adj
dress as Chicago.
The DeSmet creamery, which was
for many years the leading institution
nt the kind in South Dakota, will in
tie future be operated as a co-opera-
tive concern. the board Of directors
having decided upon this course. Dur
ing the past five years it has been
operated under a lease.
The present cold weather will bene
fit residents OF South Dakota towns
on the Missouri river. The recent
warm weather had softened the river
Ice. but now 1t is Tightening up and
crossings again are safe for teams and
ndividnaIa