Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-19
IS
NEAR IN STATE,
BANKERS TOLD
Natural Resources Will
Bring Money Soon,
Says Stephenson.

Special to The Tribune.
Missoula, Aug. 1S.-That Montana is
ready to embark upon a new era Of
industrial development and prosperity
such as it never before has enjoyed
was the keynote of the message deliv-
cred to members of the Montana Bank
ing association. assembled in conven-
ton here Friday, by Sam Stephenson
president Of the First National bank
of Great Falls, presiding in the absence
of former Senator w. A. Clark, presi-
dent
The Treasure state has suffered
great reverses. he said, but it is not
going bankrupt and it never will, be-
cause it has great resources and
sturdy people with tremendous ca
pacity for withstanding troublesome
years.
When the crisis comes in the states
industrial and economic career" said
Mr.. Stephenson, lit is the bankers who
are given the steering wheel, even
though we have all forms of govern
ment and commissions such as other
states and communities boast.
IF l were called upon to write a
prescription for the state, 1 would say
Let us open all the mines and mills Of
Montana We must approach the era
of new industry hand in hand, with no
such thoughts as diverse interests"
More than $50 bankers have regis
tered for the convention, Secretary A
T. Hibbard said, and large majority
of these were assembled in the Lib
erty theater when the sessions were
opened
DIR. C. H. Clapp. president of the
state university, then spoke words OF
welcome from the Garden city and the
state university to the bankers assem-
bled here for the first time since 1909
in state convention.
Carlson Is Speaker
0. A. Carlson. vice president of the
Commercial bank of Great Falls, re-
sponded
r. q. Kaufman, chairman of the
committee on publoic education. told
of work done by that body. and on his
motion it was decided to have the COM
mttee continued in its work. with the
detail work transferred TO the office
of the secretary.
The sum of 81 900 was donated by
the state association to the widow and
children of A. l.. Mccain. member of a
posse who captured the outlaws who
robbed the Roy bank. Mccain was SO
seriously wounded while pursuing the
bandits that he died on August 3.
Announcement of the appointment of
committees was made by Mr.. Stephen
son. as follows:
Legislative-T A. NARROW. Frank
Bogart, p. b. BARLEY, n Gould. G. W.
Casteel. I. .. Hammond. all of Helena;
F. L. Sterling. Missoula; S. S. Ford,
Great Falls: W. 7. Johnson Lewis
(,hovloe Il
Covert, Billings: J. X. Heslet, Butte;
c. F. Morris. Havre; c. w johnson,
Harlowton.
Resolutions-R. o. Kaufman, Hell
ena: j. l.. Steinbarger. Lewistown; q.
A. Carlson. Great Falls: l.. II. Turner.
Sidney: A. y. Tobie. Kalispell.
Enthusiastic reports of crop, live
stock and business conditions in gen
pral were received from a majority of
the group representatives. those speak
ing being 0. c. Cooper. Hamilton:
+. F. Smith. Opheim: A. T. Hibbard.
G. Hays, Billings; F. f. Stranahan,
Fort Benton. and NJ. Liederman. who
spoke briefly for group No. 6.
Some trepidation was expressed by
the representatives and other speakers
as to the effect continuance of the
railway strike would have on the crop
doNthSut. tuiS DcliiS tlle udTkeSC ClouU
lowering over Montana's future and the
present, in their opinion In some in
stances hail storms and grasshoppers
had also proved barriers to future pros
perity. but not to an alarming extent.
Crop Conditions Reported Good
"In group 5, crops are better than
at any time since 1916. With Cascade
and Fergus county ranchers having
the largest yields since 1914. Judith
Basin county will produce 1000. 900
bushels wheat; Lewis and Clark coun-
ty. three million. and Teton county
two million. The Cat Greek wells are
producing 10000 barrels of oil day
to add to the prosperity.
Group No. 3. also has fair prospects,
with good wheat crops on the reserva-
tons and the other valleys tributary
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