davidaulloa/AmericanStories huggingface dataset:
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
STATE GUARANTY
LAW INDICATED
SOUTH DAKOTA'S GOOD FINAN-
CIAL CONDITION DUE TO
ABILITY TO GIVE CREDIT.

Pierre, Feb. 7-Discussion which
developed at the meeting of the
state banking board, held here yes
terday. indicated that the South Da-
kota bank guaranty law had vindi-
Gated itself impressively during the
past year. This vindication has a
surface showing in the fact of only
one state bank failure during the
year, but the more important phase
has been the quick relief extended in
hundreds of cases, which could not
have been extended but for the guar
anty system. This unified stabilizing
mas helped small banks 10 tide over
bad spots. caused by rapid reserve
slumps. and has helped To maintain
the strength of the states entire
banking system.
Members of the board were ad-
yised that the failure al Scotland
probably would not show more than
10 per cent. loss ON paper assets.
IN the final adjustment, and that the
in the final adjustment. and that the
matter OF making this bank pay 100
cents on the dollar TO depositors
would not greatly Increase the an
nual assessment imposed uptn state
banks for the guaranty fund. The
exact amount OF the assessment.
which is based upon average depos-
its. has not been determined.
In the course of executive consid-
Grafton of the boards problems, il
was brought out that a bad situation
easily might have been precipitated
but for the guaranty law making il
safe for the board 10 extend aid
quickly in a number OF cases. The
backing OF all state banks for the
obligations of any individual state
banks made il unnecessary TO i'm
pose the delay and publicity Of sure
~ bonds or other special protection
for deposits of state funds placed
temporarily with banks needing aid.
The entire banking situation in
the state. it was announced, now is
in satisfactory condition. Loans
have been prepared TO cover losses
in deposits and the reserves are be
ing maintained Withdrawing of
deposits because OF the timidity of
individual depositors has been less
in South Dakota than in states with
no guaranty system.
As a measure for restricting new
credit expansion and for preventing
impossible demands upon the rural
credits funds. the rural credit board
now has 4 rule that it will loan no
funds 10 buy land, TO buy stock, or
to make improvements. The only
applications given serious considera-
tion are those TO cover maturing
bligations-actual emergency loans.
The rural credit board now is COM
pIeting the details for $4,000, 900
bond issue in the east, but the appli-
cations on file with consume this
amount. These bonds net the east
ern investors 5.8 per cent, and the
proceeds of the issue will be loaned
at per cent.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
.F|RMER BUSINESS
TONE PREDICTED
NEW YORK BANKER URGES ALL
MERCHANTS TO MAKE CUT
CUT In PRICES

New York, Feb. Confidence
that business win soon settle down
on sound fundamentals was expressed
by leading financiers and political
economists at dinner of the Associa-
tion of Stock Exchange Firms.
James 8. Alexander, president of
the National Bank of Commerce in
New York, cautioned against idle
waiting for the public to resume ac-
tive buying, urging business men to
stimulate purchasing by reduced
prices based ON keener efficiency In
production and the acceptance OF
reasonable margin of profits"
In this connection he added.
the growing tendency of labor to be-
come more efficient and its willing
ness TO accept liquidation of inflated
wages is encouraging, The readjust-
ment is favorable to the individual
worker
Competition for work means stim-
ulation of efficiency and staunch in
diyidualism as opposed to radicalism.
An abundance of labor permits en-
pioyers to choose workmen intelli-
gently and cor-ordinate wages TO
their proper part in production costs.
facilitating the establishment OF
price levels best for all.
But employers must play fair and
not attempt TO lower wages unduly
or To enforce greater curtailmsnf
than circumstances warrant. They
must recognise that in any country
worth living in the standard OF living
tends ever upward"
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
Wine May Had
For Sick Man

Washington, Feb. THE amount
of hard liquor sick man may ac-
quire legally Is definitely fixed by
statute but the only limit to the
amount of wine he may obtain is the
sound and honest" Judgment Of his
physician and perhaps the depth of
rs purse.
Prohibition Commissioner Kramer
in a formal announcement today said
there seemed TO be some confusion
as to the quantity of wine that a
physician may prescribe. To clear up
all doubts he lays down this rule:
Until further orders, physicians
may prescribe in their practice such
quantities of wine as they in the ex-
ercise of their sound and honest judg-
ment deem necessary in the particu-
lar case il they in good faith believe
that the use of wine as medicine
by the person for whom 1t is pres
cribed is necessary and will afford
relief to him from ssme known all
ment."
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
FRANCE DEMANDS
PREPARATIONS
GERMANY WAS GUILTY AND
GERMANY MUST PAY.

Paris. Feb. Complete dismem
Derment. OF the German nation II
she does not accept her punishment
was threatened by France today. Il
will not move one millimeter from
my position" Premier BRAND de-
clared. Germany was guilty and
Germany must pay" French Off
cials indicated there was serious
pressure upon them to let Germany
bluster and bluff over reparations,
then descend upon the former Ger
man empire and exact indemnity de-
manded by taking possession of Ger
man territory. There are many
Frenchmen whose greatest desire Is
to see German cities in ruin just as
our own cities we're demolished by
German invasion, French officials
declared.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
Hold DakOtan
Murder Charge

Deadwood, Feb. ABE Beshara.
under arrest at Fort Worth, Tex,
on the charge of killing the husband
ofla woman he was trying to protect,
is an old Deadwood boy, and his fam
ilK lives in Deadwood, as he is a mar
rfed man with wife and several chill
dren.
\ Friends in the Black Hills have
been advised that he was returning
home from work when he found the
husband of family living in the
boarding house beating his wife and
threatening her life.
Beshara in attempting TO quiet the
couple and settle their difficulties
was compelled to kill the husband in
order TO save his own life.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
Take Gunlnan Without
Firing Single s h o t

Deadwood, Feb. 7.-Bullets were
expected TO fly like hail when deputy
Sheriff Owen was called upon to ar
rest a desperate who had invaded
Lead, and who was wanted by the
authorities in Belle Fourche for pass
ing worthless checks.
The deputy sheriff soon located his
man IN front Of Lead rooming
house, and getting the drop on him
speedily had him tanned sufficiently
TO be searched. The prisoner gave his
name as r. A. Patrick.
Rather than take chances ON max
ing search later, the deputy sheriff
searched his prisoner on the street.
and uncovered a 36-calibre revolver
STRAPPED to his waist and a belt con-
tanning AZ cartridges.
The prisoner will have to face /.
jury at Belle Fourche.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
FARMERS FAVOR
FARM LOANS S
ALSO REQUEST $1,000 PER YEAR
TO DEVELOP CROP NARIE-
TIES IN THE STATE.

Yankton, Feb. RESOLUTIONS
adopted by the South Dakota Corn
ana Grain Growers. association in
the closing session today, ask the
legislature TO maintain the state soil
surrey in all parts OF the state. ap-
prove extension Of the rural credit
Law and the farm loan system and
favor an increased appropriation for
seed testing at State college TO at
least $4,000 a year An increased
appropriation 10 maintain and in
crease work at various substations
is faovred. and they request AT least
$4,000 year for developing farm
crop varieties in various parts OF the
-s.asf.
I tile resolutions further urge that
Re functions of the federal agricul-
|tuTal department be kept distinct
urge tax reform TO discourage non
resident ownership of land. more
fayorble tax on sale pavilions and
farmers community buildings They
favor extension of federal bureau
OF market reporting TO include farm
crops as well as perishable fruits and
request federal system of grain in
spection instead of the present sys-
tenn.
All OF the present officers of the
association were reelected. The
board of directors will choose the
next meeting place. Sioux Falls.
Yankton. Mitchell, Vermillion and
Brookings have made bids.
The grand sweepstakes prize in
corn went to L. c. Nelson, of Elk
Point. Nelson was the winner in the
southern district; Harold Thomp-
son. of Artesian. in the central
district. and G.. w. Preston, of Hitch
cock. in the northern district
Next years convention and show
of the South Dakota Corn and Grain
Growers association will be held in
Mitchell, it was decided by the Off
GERS and directors of the association
here this afternoon. The convention
will be held in January, coincident
with the annual meeting of the state
live stock association.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
January Smashes
Temperature Records

Yankton, Feb. january, 1921.
smashed all temperature records in
the 4S years that the United States
weather bureau has been established
in Yankton.,
Not once during the month did the
mercury go below the zero mark.
the absolute minimum for the month
being 4 degrees above zero.
The nearest approach to this rec
ord was in January 1891, when the
absolute minimum was one degree
above zero.
The highest temperature during
the January Just ended was SO de-
grees. These figures contradict teh
belief that South Dakota In = cold
state.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
Gets Profit From
B ee Culture

Egan, Feb. ITO make more
money from a single colony of bees
than from the milk and cream prod
uct of three cows was the experience
of John c. Holbeck, of this city.
Some Of those who are engaged in
the been industry are satisfied il
their colonies produce an average Of
Ito pounds Of honey each, but Hol-
beck's colony produced . total Of
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
Daily Market Report


Minneapolis, Feb. 7.-Corn-Pri-
ces higher with futures, trading gem
orally at unchanged discounts under
Chicago May. No. 3 yellow closed
at 81 and SIC; No. 8 mixed at 40
and soc.
Oats.-Unchanged. No. 3 whites,
4 and ssc under May; offerings
light, demand fair. No. whites
closed at 37h and 37Sc: No. 4
whites at 34ss and 36Mc
Rye.-Unchanged, No. at IL and
l5c over May; demand only fair,
shippers doing little. No. 2 rye clos
ed at $1-3S and $1.39A.
Barley u nchanged early, 1e
higher later. with close firm; demand
fair Prices closed at As and 63c-
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
Electricity For
The Railroads

Schenectady, New York, Feb. T.
Electricity will solve the railway sit
uation DR.. Charles p. Steinmetz said
in an interview with United Press to-
day. Cheaper transportation, fuel
economy. greater safety, convenience
and cleanliness would be accomplish
ed by identification of all railroads"
he said, land electric locomotives
would permit handling more trains
over the same trackage."
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
WOMEN BARRED
FROM JURIES
HOUSE VOTES DOWN BILLS AD-
MTTTING WOMEN TO JURY
DUTY IN STATE.

Pierre. Feb. Women will not
be admitted TO jury duty in South
Dakota the house decided yesterday.
Two bills were before them, one al
lowed women TO serve on juries and
the other gave them the right of ex-
emption grounds of sex. Both bills
went down together.
The bill admitting women TO jury
service came up first Representative
Bailey urged that women did not
want full service and only those who
wanted to serve should be admitted.
An effort was made by advocates to
link it with woman suffrage, but op-
ponents refused 10 accept the idea.
Burlington declared jury service is
no more a right than military. but a
duty. Right, he said, is that of liti-
CANT TO have jury trial. The gen.
eral sentiment of the member seemed
to be that it would come in time.
but at present women do not want
jury duty. The first bill got 21 fa-
vorable votes TO 68 against. and the
second was indefinitely postponed.
The Wagner bill for Sunday
open enough to be supported by
public sentiment. was introduced in
the senate Ii would permit amuse-
ments. athletic and theatrical. after
? O'Clock Sunday afternoons.
A bill introduced in the house by
Representative Campbell of Brown
county providing two judges in the
fifth circuit TO give Aberdeen the
same number as Sioux Falls, has car
ried.
The legal limitation of $50,
the amount of property religif -
benevolent corporations may
removed by bill by the hou I'd
allows them TO fix quorum N
laws. The bill as asked by s"f1x
Falls church and the Y. M. c. A. The
$4,000 Limitation was enacted to
head off an anticipated Mormon in
vasion of the state years ago.
Boosters for the Mulehead site for
the state hydro-electris plant have
prepared a bill and submitted ii to
the power committee in hope of ear
lS introduction. The bill states that
engineers have found two feasible
sites, the Mulehead and the Mo-
bridge, and would submit selection
TO the people of the state Mobridge
boosters promise to fight submission
OF the question to a vote of the peo-
pie on the ground that it is purely
technical and the people cannot pro-
perly decide
Railroad officials from Chicago
and local division points on the North
western and Milwaukee lines and
PULLMAN attorney appeared before
the Joint railroad committee last
night on bills before the legislature
which affect them. They put up no
particular fight on any one bill but
stated objections TO parts of various
measures. The Pullman company op-
poses the Wickre bill, making sleep
ing and parlor car companies liable
Tor loss or damage to luggage in
their cars.
The whole question of salary in
creases will be put up to a special
legislative committee, according to
plans of the officers of both houses
today. recommendations of budget
boards and living conditions would
be investigated and a report made of
fair salaries.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07

week. Assuming the agressive~ in
this region the Sim Feinrs last
week precipitated battles in which
fourteen lost their lives and at least
10 were wounded. Slim Feiner
leaders were reported determined to
force great Britain to proclaim mar
tial law for this district, believing it
would help their cause.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
California Volcano
Is In Eruption

Redding, Cal, Feb. Mount
Lassen, CALIFORNIA; live volcano,
was in eruption today for the sec
ond time in "a hours. The eruption
lasted two hours but was not viol-
ent
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
1t Would Be The
Fault of America

Washington, Feb. 7.-If an agree
ment is not reached for limitation OF
ornaments the fault will be that OF
America as in former days it was that
of Germany, Touse Leader Mondell
told the naval affairs committee to-
day.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
SIOUX CITY Idvesroc,x.

Sioux City. Feb. 7.-While the
supply of hogs did not include an
over supply Of choice light butchers
there were many prime droves of
strong and heavy weights. Tops
went up to 1895 and the bulk Of the
sales ranged from 48.65 and 1915.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1921-02-07
Sinn Feiners
Assuming Aggressive

Dublin. Feb. IA major Sinn
Fein offensive against the British
forces in Dublin il expected this
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-09

to the Murder Gang" the Belfast News
Letter captions its editorial on the
truce, saying there are complications
which are disguieting ito oil loyal sub.
Jects Of the King and repulsive to all
honorable men.
The first implication, says the News
Letter, is that "the outrages the rebels
are perpetrating shall cease Monday
noon, but meantime they are free TO
commit as many as they can The
second implication, declares this news
paper, is that active rebels are not
murderers, but patriotic belligerents.
The third implication, II declares, Is
that the claim Of the Sim Feiners that
they are honorable belligerents seems to
be admitted.
The Northern Whig in its comment
on the new developments says:
Whatever the Government may
promise or protest, we doubt IL they
will be able entirely 10 remove the fear
that their first descent into the valley
Of humiliation will not only fail to bring
peace to Ireland. but may ultimately
be the means Of causing many faithful
British subjects to pass through the val
ley Of the shadow OF DEATH
The Irish News expresses confidence
that the conference will be held. The
time Is opportune, 1t says. and III
peace with honor cnn be secured no man
or body Of men in Ireland or Great
Britain can throw the opportunity aside
without incurring a burden Of response
bility too heavy TO be borne.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-09
IRISHMEN HERE
DIFFER ON TRUCE

There is difference Of opinion among
lrishmen here regarding results which
may be achieved at the coming con-
ference between Premier Lloyd George
and Eamon De Valera. president Of the
Irish Republic, toward settling the con
fiict between England and Ireland.
Michael Francis Doyle, who was
counsel for Eamon De Valera and who
obtained his release from British
State Department and Sir Cecil Spring
Rice, British Ambassador to the United
States, said:
The American people certainly wei.
come the proposed conference between
Lloyd George and De Valera. When
differences can be frankly discussed in
a manly fashion with a desire on both
sides to have them ended, it Is most en-
couraging.
"The British Government will find
the Irish people not only brave, but
generous, and their leaders capable men
of broad vision and statesmanlike quail
ties. All that is needed to have the
conference q success is for Lloyd George
out the principles which he enunciated
SO frequently during the World War.
The settlement in order to be a
final one must be just one. The Irish
people should be given the right to
make their own laws and choose their
own officials and determine how they
shall be taxed and how they shall spend
their own money raised by taxation II
is sincerely hoped that these matters
can be satisfactorily settled
"One thing is sure. and that Is that
whatever the Irish people agree TO do
through their leaders will be fully sup
ported by the millions Of that race in
this country"
Luke Dillon, member Of the Clan
na Gael, who for years has taken a
prominent part in movements looking
toward freedom of Ireland, did not
express much enthusiasm over the com
ing meeting.
When seen at his home, 1896 Cath
arine street, today he said: II be-
lieve that Lloyd George Is trying to put
the Irish people in q position where
they will have to yield to his demands
or submit to further massacre. am
convinced that II Is simply strategic
move to get the upper hand and is not
inspired from British viewpoint with
any intent to help the Irish people. I
am satisfied that the Irish people did
not seek any compromise.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-09
DISORDERS IN VERA CRUZ
OIL FIELDS EXAGGERATED
Mexican Official Sayo Unemployed
Men Showed Admirable Decorum

Mexica City, July 0.-(BS A. P)-
Disorders that occurred at Zacamixtla,
State of Vera Cruz, on Thursday, when
workmen at n petroleum camp attacked
oil properties in that district, have sub
sided, and the situation there Is tran
gull, It was announced last night by
Plutarco u. Gales. Secretary of the In
terror, who said the demonstration laet
Thursday was Of n minor character.
Secretary Gales characterized rumors
regarding the trouble at Zacamixtla as
another attempt by oil companies to
place difficulties between the United
States and Mexico" He asserted there
was no foundation for exaggerated ru-
mors, inasmuch as the unemployed
workmen there had given "a laudable
example Of decorum." General Tejada
is said to have informed the Secretary
that more than $4,000 men were out Of
work in the Vera Cruz oil fields.
A statement issued by the War Office
last night relative TO the situation in
Tampico was rcassuring. although it
was stated troops were being rushed to
that district as precautionary
measure.
The text of an official order to the
army, asking all soldiers to give 10 per
cent Of their pay for the relief of the
unemployed, was made public at the
War Office. 1t was understood, how
ever, that President Obregon did not
desire this order to be carried out, be-
lieving there were sufficient funds in the
National Treasury to provide all the aid
necessary for workmen, many of whom
were said to be suffering from hunger.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-09
U. S. WILL DEMAND
OPEND00R IN CHINA
Hays Policy to Be Continued,
Secretary Hughes informs
Oriental Republic
SPECIAL RIGHTS OPPOSED

Washington, July o. - Extremely
lomatic moves which are now being
made with the Far East as the board OF
play was yesterdays announcement by
Secretary Hughes that the United
States continues to regard the open
door policy enunciated BY John Hay as
a fundamental principle"
The opportunity for that outspoken
declaration was given Mr.. Hughes
through tive medium OF a query ad-
dressed to him by the Chinese Govern
ment on June asking whether the
United States intended to support the
contract entered into between the Fed.
Government despite the opposition Of
three foreign powers, Great Britain,
Japan and Denmark. The reply sent
July I, was as follows:
II have the honor to acknowledge the
receipt of your note Of June o, and in
reply assure you that it is not the in
tention of this Government to with
draw from the position hitherto taken
by it in support of the rights accruing
to the Federal Telegraph Co. under the
contract Of January 3 last. In It's
view, the communication which it has
received from the other interested Gov
ernments in reply to its inquiries as
to tho reasons for their protests to
the Chinese authorities against that
contract tends only TO confirm this Gov
ernment in it's belief tnnt the adverse
claims which have been urged as ex-
cluding the Federal Telegraph Co. from
participating with the Chinese Govern
ment in establishing wireless communi..
cations are founded upon assertions OF
,,,opono1tot yrnfarapftol riUhta L., tha
field Of Chinese governmental enterprise
which cannot be reconciled either with
the treaty rights Of American citizens In
China or with the principle of the open
door. =.
"Your reference to the principle Of
the open door affords me the oppor-
tunity to assure YOU of this Govern
ment's continuance in its whole hearted
support Of that principle, which It has
traditionally regarded as fundamental
both to the interests of China itself
and to the common interests OF all
Powers in China, and indispensable to
the free and peaceful development Of
their commerce on the Pacific Ocenn.
''The Government Of the United
States has never associated itself with
any arrangement which sought to es-
tablish any special rights or privileges
in China which would abridge the
rights Of the subjects or citizens Of
other friendly States; and I am happy
to assure you that it is the purpose
of this Government neither to partici-
pate nor to acquiesce in any arrange
ment which might purport to establish
in favor Of foreign interests any supe-
riority of rights with respect to COM
mercial or economic development In
designated regions Of the territories OF
China, or which might seek to create
any such monopoly or preference as
would exclude other nationals from
any legitimate trade or in
dustry or from participating with the
Chinese Government in any category Of
public enterprise"