The herald-advance. (Milbank, S.D.) 1890-1922, 1920-11-12

SAoS ~ O0A ~ VstOD $3.50
July I, 1917. those who borrowed mon
ey under the new state law have
saved themselves 34S5.S72.S7 In inter
est. At the time the rural credits
board became operative the average
rate Of interest, including each com
missions, fees and registry tar, VA
TX per cent The board has made
loans at three rates Of interest. 81 fol.
lows: t2e.37S.e6O has been loaned ct
5A per cent, S5,310.4Oo has been
loaned At 8 per cent and $685. 900
was put out 1t the Z per cent rate.
The total amount loaned 10 $27.664,.
060. Statistics compiled BY the tax
commission show that there are about
$1,000 farms In the state. and that IS
per cent OF them are mortgaged TOR
the average amount of $1,000. The
amount Of money borrowed on farm
land IN the state, according to this
compilation totals @20A. $50. 1000. Ac.
cording to this figure, the rural cred.
it's board has loaned about IL per cent
Of that put Out with farm land for x.
curity.
As q result Of the arrest at Terry.
a small mining town near Deadwood,
Of Carmelo Cacci. aged 35, q miner,
b had been accused OF larceny, Il
is believed by Black Hills officers
the boom outrages which have
startled the country during the
past few months, and especial
ly the terrible explosion in Wall
Street, which took such a fearful toll
Of life On September Is, may be solved.
When officers searched Cacci's room
hey found about 100 pounds Of giant
powder (dynamite), decorating caps
and fuse. which had been stolen from
the Trojan Mining company. He was
employed by the company as \ min
er.
The Hubbard Hill bridge. with q
110-foot steel span, said to be the long
est span OF its Kind In the state, was
formally opened by the Dawson coun-
! ty commissioners. The project has
been termed Dawson county's little
Panama." because 1t was necessary to
make q cut through Hubbard Hill.
The excavation 10 from 80 to "a feet
deep and is 80 foot wide at its widest
point. Nearly a year was consumed in
the work. The bridge was erected
at a cost of $25, 600 while the cut cost
in the neighborhood OF $4,000.
Vale shows signs Of coming back"
In the early days Of that part OF South
Dakota Vale, situated 80 miles east OF
Belle Fourche, was one OF the enter
! nrising communities OF western South
Dakota. With the extension Of q roll
Dad down the valley several Of
| he Vale business houses moved TO the
lew towns on the railroad, among
these being the Vale bank. Now Vale
Gas taken on new life. The old hotel
aas been opened and a number of new
business honses are planned.
On account OF the price of corn,
here viii apparently be a shortage
of corn pickers this fall. Men are
passing through the heavy corn grow
ing section in Norwest Iowa and the
southeast part Of this state. and com
ing further north. They say hey will
not pick corn at from five to six cents
a bushel offered in the Sioux City ter.
ritory. when they can get ten cents in
the central part Of this state.
Arrangements have been made by
the yolga city council with the owner
Of the local electric light plant, where
by the plant is taken over by the city,
which will operate it in the future.
For the present the city will rent the
plant, but it has the privilege Of buy
ing It and thus embark in permanent
municipal ownership.
A special election some time in No.
vember to secure authority for the
issue Of $4,000 by the city Of Yankton
in order that equipment may be in.
stalled In the proposed missouri river
bridge for supplying the city with
river water, has been approved by the
board OF city commissioners.
The table Of averages by the state
tax commission for the 1920 assess.
ment places the real estate average
for TIE state at $44.64, with the asef-
age for 1919 at $40.S5. The highest
average for any one county is that Of
Clay, with an average of $12S.6S.
Two or three inches of snow fell
in the first real snow storm Of this
fall to sweep over the northern Black
Hills. Extreme cold weather has net
yet been experienced in that part OF
the Black Hills, Notwithstanding the
high elevation.
Eight boys and girls clubs winners
in pig work are to attend the Inter.
national livestock show at Chicago
this winter, the trip being financed
by the South Dakota Poland nina
| Breeders association.
One of the most successful of the
Madison clubs is the Madison Radio
club, composed of high school stu
dents. who are reported to be making
fine progress.
Union 1cOuntv has Cnnd pcfato