Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-05-22
BANKERS PLAN
FOR FINANCING
Of WOOL CLIP!
Members of Group Z
Decide Upon System
Of Acceptances.
Optimistic Reports Are
Given Concerning the
Condition of Crops.
Special to The Tribune.


Havre, May 21-That thr wonI men
of northern Montana coming within the
territory covered by Group No l OF
the Montana Bankers association. will
be financed under the system of accep-
tances which has been adopted in Wyo-
ming. Utah and Idaho. was decided
upon at the meeting here Saturday Of
tins group. which meeting was attended
by about 65 bankers. In order to pro
vide money for the handling of the
1921 clip about $4,000 will have to
be raised in Montana in the next 10
days of which Helena is expected to
produce over $4,000 and Havre $o5,-
900. w.
Matters pertaining to crops in nor
thern Montana were generally dis
clssed as having a great bearing upon
the financial situation throughout the
state and reports Of an optimistic
character were given.
Fort Belknap Opening.
Reports from the counties compris-
ing group No. were given by Charles
McMhon.- cashier of the Farmers
State bank of Coburg. speaking Of the
excellent prospects in that section for
good crop aud Of the opening Of more
seAan $4,000 acres Of land in the Fort
Belknap reservation, soon, by the gov
ernment He said there were over 9O,-
0O0 head of sheep in Blaine county and
that the recent valuation of the county
was $16,OOO.O0O.
+. A. Flanagan, president Of the
Fort Benton State bank. responded for
Chcteau county. Mr.. Flanagan said
that crop conditions in both grass
and wheat were as good as in 1916,
and although it would take more than
one year to recuperate from the last
few years of drouth. the farmers and
business men of Choteau county were
very optimistic.
A report was asked for prospects in
Banner county of Bert johnson.
Geraldine Mr.. Johnson spoke Of :he
proposed split in the county of Banner
and in a very optimistic talk on pros
poets said that the split would he
welcomed by large majority in his
section.
Should Harvest Million Bushels.
II. Archibald cashier of the Security
State bank of Havre. reported ON Hill
'ounty. He said that over 100000
bushels of wheat were raised here in
916 and that should this year prove
wet one more wheat would he raised
han in 1916 on account of the meth
IDS that are being used and the care
hat is being taken by the farmers Of
his county this year with crops.
Election Of Officers.
Officers for the ensuing year were
lected as follows:
F. f. Stranahan. president of the
tockmen's National bank of Fort
,enton. president: j. A. Hatch. cashier
the First National bank at Harlem.
ice president; Arthur Frederickson,
ce president First State bank Of
resno. secretary.
The attending bankers were welcom-
to Havre by Mayor A. L. Ritt. vice
resident of the Havre National bank.
I'd addresses were delivered by var
US of the members, including R. E.
owle. cashier of the Helena branch
the federal reserve bank. upon The
Viewpoint of the Federal
eserve Bank" and by f. r. Linfield.
rector 70 the agricultural experiment
ations of the state, on Farm Prob
ms in Montana"
AS the closing entertainment feature
the meeting the visitors were the
ests of the city at ball given Sat
day evening.