The Mellette County pioneer. [volume] (Wood, Mellette County, S.D.) 19??-1971, 1920-11-05
Figures lust released by the rural

July /. 1917. those who borrowed mon
ey under the new state law have
saved themselves S455,572.87 in inter
est. All the time the rural credit
board became operative the average
rate of interest, including each com
missions, fees and registl( tax. was
az per cent. The board has made
loans at three rates Of intere0t, as fol.
lows: $20,378,650 has been loaned at
5h per cent. s5,3l0,400 has been
loaned at s per cent. and S1,965, 00G
was put out at the Z per cent rate.
The total amount loaned is $27,G54,.
050. Statistics compiled by the tax
commission show that there are about
5000 farms in the state. and that 65
per cent OF them are m~Ortgagod for
the average amount Of $4,000. The
amount Of money borrowed on farm
land in the state. according to this
compilation, totals $204, $50. ZOO. Ac-
cording TO this figure, the rural cred
its board has loaned abort II per cent
OF that put out with farm land for Sc
curity.
AS a result OF the arrest at Terry.
a small mining town near DeadwOod,
of Carmelo Cacci, aged 50, a miner,
who 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 toli
OF life on September 16, may be solved.
When officers searched Cacci's room
they 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 cOmp9ny as 4 min
er.
The Hubbard Hill bridge, with 4
110-foot steel span, said to be the long
est span of its kline in the state, was
formally opened by the Dawson coun-
ty commissioners. The project has
been termed Dawson cOunty'S little
Panama" because it was necessary II
make a cut through Hubbard Eili.
The excavation is from 33 to 81 feet
deep and is 80 foot wide at its widest
point. Nearly a year was consumed III
the work. The bridge was erected
at q cost Of $25,O 900 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 az
Belle Fourche, was one Of the enter
prising communities OF westcIU SOutE
Dakota. With the extension OF 4 rail-
road down the valley several %
the Vale business houses moved to the
new towns on the railroad, among
these being the Vale bank. Now Vale
has taken or new life. The old hotel
has been opened and a number OF new
business houses are planned.
On account of the price of corn,
there will apparently be a shortages
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 they will
not pick corn at from five to six cents
a bushel offered in the Sioux City ter
AN why oCt iCAl ~ iI
the central part Of this state.
Arrangements have been made by
the VOlga 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
inc IL av1 th,,, - ~boc t.:
municipal ownership.
A special election some time in No.
vember to secure authority for tho
issue OF $4,000 by the city Of Yankt0n
In order that equipment may be in.
stalled in the proposed missouri river
bridge for supplying the city wit.
river water, has been approved by tho
board OF city commissioners.
The table OF averages by the state
tax commission for the 1920 assess.
ment places the real estate average
for the state at s44.64, with the aver
age for 1919 at $4O.S5. The highest
average for any one county is that OK
Clay. with an average Of S12S.GS.
Two or three inches OF snow fell
In the first real snow storm of his
fall to sweep over the northern Blacl
Hills. Extreme cold weather has not
yet been experienced in that part or
the Black Hills, Notwithstanding tho
high elevation.
Eight boys and girls clubs winner
IN pig work are to attend the Inter
national livestock show at Chicago
this winter, the trip being financed
by the South Dakota Poland China
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 maxim
fine progress.
Union county has n good potato
crop. The average yield in South Da-
kota has been published at 96.5, Civ