davidaulloa/AmericanStories huggingface dataset:
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31

The Great Solution
Our banks are managed by officers
and directors, elected by their own
stockholders. They are interested in
helping the town to grow and prosper.
But just as local telephone station
is valuable to the interchange of
thought because 1t belongs to a
system whose wires reach to all parts
of the nation, so the local bank is
valuable to the interchange of busi
ness because of it's connections with
other banks in the United States.
finding its strength and its usefulness
in being part of system.
For many years plan was sought
whereby our thousands of separate
and independent banks could get to-
gether and cooperate for the improve
ment of our banking methods, and for
mutual protection in emergencies,
both for themselves and customers.
We had periodical money panics, dan
gerously disturbing to business, and
in our banking and currency system.
There was no central bank from
which the individual banks could get
assistance in time of trouble. Panic
conditions caused weak banks to fail
and even strong and sound institutions
to be imperilled. Bankers, business
men, and leaders in Congress for
years made a careful study of banking
and finally Congress passed law
s4 4s-.ding for the establishment of
twelve great Federal Reserve Banks,
each designed to serve as a sort Of
central bank for such banks in its
allotted territory as might become
members of the Federal Reserve
System
It retained the American plan Of
independent banks doing business un-
der the management Of their own di
rectors and officers. About 10000
banks have become members of the
Federal Reserve System. The mem
Der banks in each district own the
entire stock of the Federal Reserve
bank there, and elect two-thirds of |
the directors. The other directors are
appointed by the Federal Reserve
Board at Washington, the Govern |
mental body having supervision over |
the Reserve banks, though 1t does |
not operate them. It's members |
are appointed by the President of the
United States.
The Federal Reserve banks hold |
banks reserves. Formerly |
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31
Aew Oil Field In
North Colorado

Official pronouncement of the
value of the new discovery in
M O IF a t county, northwestern
Colorado, was made by A. B. Pat
terson of the Texas Co. at 8
luncheon of the Lions Club in
Craig, Colo, on Friday, Jan. Is,
when he stated that the bit had
penetrated an oil sand II in. re-
sulting in steady flow of oil
and that the well had been capp-
ed after the flow had filled all
available storage. He is quoted
further as saying:
eve have brot in a big we'll
and | feel assured when finished
we will have a gusher."
Mr.. Patterson is in charge of
all drilling operations for the
Texas Co. in the Rocky Noun
tain region. The location of the
we'll is on Hamilton Dome about
IL miles south of the town of
Craig. Colorado. 1t is in the sci
section 33-5-91w. 1t is on govern
ment land and will come under
the supervision of the U. S.
Bureau Of Mines.
The oil is light green in color
and is said to have a high gaso-
line content. The total depth of
the hole is reported at 1901 feet.
There is some difference of opin-
ion among biologists as to the
formation in which the pay was
found. One prominent geologist
in Casper has stated to the Index
that it is his opinion that the pay
is in the Wall Creek series while
the general opinion seems to be
that the oil is coming from the
Dakota sand.
1t is reported that three 55, 900
barrel steel storage tanks have
been ordered shipped to Craig
and that very little more work
will be done at the we'll until am
pie storage can be erected. Gen
eral interest is manifested in the
we'll and acreage in its vicinity
S being held for high prices.
Inland Oil Index.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31
Operators Are
Preparing To
Resume Soon

The first break in the wintet
weather will see the Keyin felC
opened up again, in the opinion
of leading operators. 1t is under
stood that the Ohio Oil company
is anxious to start pumping its
wells again, and begin an ex.
tensive drilling campaign com
mensurate with the improved
conditions in the industry.
Independent operators, for the
most part, have been trying to
keep going during the winter
months but have found that the
policy of the major companies
has not been in great error, since
the severe weather has made
drilling operations very slow and
unnecessarily expensive. There
are only four active rigs in the
field at the present time but none
reports any material progress.
Securities Oil company, drilling
the Carlson permit, is drilling
again, below 1925 feet. Shelby
Kevin company. on the DeGroat
lease, is still fishing for lost tools.
Sweetgrss Arch Consolidated,
drilling tn e Skilton lease, is
around 1850 feet. Shelby Oil &
Gas, drilling the Webb lease, is
shut down. Shoshone-Storm No.
2 is running tubing preparing to
put the we'll on the pump, to fill
all available storage.
1t is pointed out that the Ohio
Oil company will doubtless be
the first to resume, since it is
about the only operator in the
field which has buried water
lines, making operations possible
before the spring thaw. This
water is available from the large
reservoirs in the field in which |
there is said to be ample water
to drill throughout the coming
year.
Increased trading in leases and
royalties is taken by many to in
licate that many new operators
will enter the field in the early
spring. The present drilling pro-
gram, including known required
calls for around 500 wells.
Montana Oil Journal.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31

each bank carried in it's own vault
the cash required by law as lega
reserve so that it would be ready to
pay depositors on demand. The gold
supply of the country was thus scat
tered among thousands of independent
banks.
When Fire Rages
This situation may be likened to
the old-time water supply in a town.
Each house had to depend on its in
dividual we'll, tank, or cistern. Pic.
ture such a town attacked by fire. If
the water was low in one well, from
drought, or excessive use, water
would have to be borrowed from a
neighboring we'll. Suppose the water
IN that we'll also was at low level
Thus the safety of all was sacrificed
because no RESERVE water supply
was at hand. The fire would become
a confagration.
Under the Federal Reserve System,
we have series of modern reservoirs,
located in various parts of the coun-
try, each serving the needs of the
banks in its own district. In each of
these reservoirs credit is stored up to
be supplied to the various banks, as
the need arises. Each reservoir is
in turn connected with all the others
so that when the supply in one be-
comes low, the others may be tenn
porarily drawn upon. By gathering
the gold reserves of the member
banks into the twelve Federal Re
serve banks, result has been OBJ
tanned like that yielded by the con
of great city water supply.
Each meUber bank formerly had to
depend almost entirely upon it's own
in me king loans to its Gus
toners. When it had loaned all of its
own money, it could do no more, even
though the merchant, manufacturer
Or farmer customer had great need
If more credit, and was seeking ii
or highly important and necessary
purposes. Hence arose what was
,alled "tight money" situation. Now
he member bank can, and frequently |
loes take the notes of its customers
o the Federal Reserve bank, and |
,orrows there in much the same way
is the customer borrows from the
member bank.
This reserve-storing and loaning
work of the Reserve System is only
,art of the wonderful protection and
ervice it is rendering the nation.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31

st. Paul, Jan. 25.-Less taxation and
no new laws hampering the railroads are
essential to further rate reductions,
President Ralph Budd of the G a
Northern Railway emphasizes in state
ment of results of the 1923 operations of
the Hill system, made public here to-
day.
Like the rest of the public, the Great
Northern suffered from too high operat-
ing cost. 100000 of which were taxes
so that despite one of the best years
in the history of the company as to the
volume of business handled, the net re-
turn for the year was only a 3-4 percent
on the value of the property, the report
shows. This compares with 3-4 per
cent fixed by the Interstate Commerce
Commission as a fair return.
Gross revenues for 1923 were $780,
000, 900 but operating expenses totaled
S86, 900, 900 and after the deduction of
taxes and rents, there was left but $24,-
'ON,DON iCc ldilWdJ OPCl ooiIS llS0illC.
Income from other sources, including
dividends from the Burlington Road,
half of which is owned by the Great
Northern, brought the total income for
1923 to $35, 100000, but payment of sl7,-
900, ,OO0 in interest left only $18,000,000
for dividends. This equals 81. % share
to the $4,000 stockholders. the majority
of whom are persons of small means and
5000 OF whom are employees, and owing
to the fact that the value of the Great
Northern is greatly in excess of its cap
itallzatlon, the net operating income
was only 3-4 percent.
The report shows exceptional efficien
cy in operation despite the hugh volume
of business handled The cost of opera
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31
Oil Flowing Into Tanks
At Campbell Stewart

Mahr, Murphy and Kirby, con-
tractors of the Campbell-Stewart
we'll in 35, haye placed storage
tanks this week, and yesterday
the oil began flowing into so
barrel tank. They have on hand
two 5O-barrel tanks and one 250
barrel tank, and the management
informs US they will have to get
more as this will not be enough
to take care of the big production
of this we'll which is reported to
be one Of the best in the field.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31
Joe Baker Here Last
Week; He Will Drill

Joe B. Baker, otherwise known
as Smiling Joe,. arrived in Kew
in Friday from Spokane to look
over his holdings here. Mr.. Bak-
er informs the Review reporter
that he will go stronger than
ever in the Kevin field this year,
not being discouraged by the dry
hole drilled last year. He is now
making preparations to put down
several holes on his acreage ad-
joining h e Campbell-Stewart
producer, in IS. Joe SAYS this
looks better than eyer, and he is
sure that he has his last dry hole.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31
Less Taxation is Plea of Ralph
Budd, President of G. ~. X. r.

ton per net ton mile of freight hauled
was reduced substantially compared with
the cost during Federal control and
since, SO that even with the three large
items fuel, wages and taxes more than
double what they were 10 years ago,
the operating cost for 1923 was only 78
percent more than 10 years ago.
Freedom from labor troubles and
greatly improved cooperation between
the management and the employees had
much to do with increasing efficiency in
1923, President Budd said.
Although the rapport shows remarka-
BILE performance to the credit of the
Great Northern last year, the return of
3-4 percent on the value of the prop
erty is found unduely small in compari-
son with the very large volume of busi-
ness handled and the amount of gross
revenue received, Mr.. Budd's letter to
the shareholders points out.
Urging the necessity for Congress ito
Tighten the present heavy burden of tax
alton and to avoid new or amendatory
legislation, hostile to the railroads, in the
best interest of the country as whole"
President Budd said:
"If rates had been advanced on Great
Northern traffic to equal the average in
crease of all railroads in the United
States, the net railway operating income
for 1923 would have been S33, ,900,n00, or
So, 100000 more than it was.
Taxes of $9,2O0,00O for 1923 were
more than double what they were in
1913. But had taxes been increased only
as much as rates were advanced in this
10-year period, the net railway operat-
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31
We Don t Know, Do You?

Where can a man buy cap for his knee?
Or key for lock of hair?
Can his eyes be called an academy
Because there are pupils there?I
In ihe, crown of his head, what gems are
found?
Who travels the bridge of his nose?
Can he use, when shingling the roof Of
his mouth?
The nails in the end of his toes?
Can the crook of his elbow be sent to
Jail?
And if so, what did he do?
How does he sharpen his shoulder
blades?
I'll be hanged if know, do you.
Telegraph World.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31
HOW The NATION IS Protected
FROM SERIOUS DISASTER
City Without Reserve Water Supply Against Destruction by Fire
Lkened by Bankers Committee to Business Situa-
on Without Federal Reserve System.

prosperity
the
continues
Banks also be needed their
otherm meth hod deverri led in his country.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31

w. H. Brown, an old time resi-
dent of Glata, was calling on old
friends and attending to business
matters in Kevin Monday last.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31
Pine Line to Run
To Cut Bank and
Refinery Rumored
Illinois Pipe Line Company to
Extend Its Lines to Glacier
Counry Seat.

According to rumors in oil cir
cles from the Kevin field, the
Illinois pipe line is TO extend it's
line. to Cut Bank and the Mid
west and Midnorthern companies
are to build a refinery at that
point, the refinery to be one to
handle several thousand barrels
of the Kevin crude daily.
Those interested refuse to con-
firm the story, but it is being
persistently circulated, with de-
tail as to the deal. According to
the story in circulation the refin-
cry will be put in at Cut Bank
because Of the very adequate
pure water supply at that place
in the Cut Bank river, and be-
cause Cut Bank is the division
point of the Great Northern rail-
way at the foot Of the Rocky
mountains and the railway is
putting in oil burning locomotives
to cross the mountains and needs
the fuel oil.
The distance between Cut Bank
a I'd Kevin, from where the pipe
line atar try
Wor
job
ent time the Great Northern is
getting it's fuel oil for locomo-
tives from California points, and
the change would be very ma
terial che for the road, as it would
save haulage, and giyssaa fuel oil
better than that of California
in fact the fuel oil from the Ke-
vim field is the best in the United |
States because Of it's lack of
asphaltic base. This is a fact |
which with the opening Of the
north field in the spring will mean
much, as good fuel oil today is
more sought for than even gaso-
line.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31

Read Review Ads-It pays.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-01-31

CONTINUED on Page Eight
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26
Durant Dealers See
How Quality is Built

Elizabeth, n. J.-Believing that ne
best way of convincing Durant mer.
chandisers that the Durant -Four i,
the highest quality of car in its class
H. L. Brown, general manager Of
the Durant Motor Company of New
Jersey, has instructed his staff Of
executives to invite all Durant and
Star car dealers to visit the Eliza.
beth factory and see for themselye
the careful processes Of manufactun
followed in Dunant plants.
This is part Of big campaign 10
help Durant dealers and their sale,
and service organizations to better
understand products they sell. The
first of a series of meetings ARRANGED
at the factory for distributors, deal.
ers and service managers was held
March Is, when dealers from Great.
err New York and Long Island visited
the plant. March 20 end 81 the ser.
vice managers Of eastern distributors
held a two-day convention at the
/ plant. March 81 and IS distributors
in the territory controlled by the
Durant Motor Company of New Jer.
sey visited the plant for a two-day
meeting.
The freedom of the factory has
been granted 10 dealers and sales
and service representatives, so that
a complete knowledge of the Durant
four and the Star car from stem
| to stern Is available to every Durani
worker
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26

TO insert the nozzle of the oxygen
burner through the spark plug open
ing and allow little oxygen to
blow into the cylinder. Then a
match is lighted and carefully tos-
sed in. This ignites the oxygen sc
that when the nozzle is again in
serted and the oxygen liberated 1t
will burn steadily. 1t is evident that
unless the mechanic first makes
sure that the valves of Tie re-
spective cylinders are fully closed
the burning oxygen will escape
either through the exhaust OF the N
take. In the latter event there
would be danger of fire in the
carburetor with it's attendant
hazards.
To tell when the valves of q
cylinded are shut rest for the COM
preston stroke of the particular
cylinder by holding your thumb over
the opened pctcock of the same
cylinder with spark plug inscrtedj.
Have someone slowly turn over the
engine by hand with ignition al
ways OFF, The excessive pressure
on your thumb will tell you when
the compression has commenced
This is the position of tie engine at
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26
Ford Reached Top
Production Mark

Swinging into its big spring pro-
duction, the Ford Motor Company
on Wednesday, March IL. reached
the highest mark in its history
when its domestic assembly plants
produced u total of 7,456 cars and
trucks.
This record breaking figure does
not include the daily output Of 500
cars and trucks for export, nor the
production of the Manchester. Eng.
land, and Ford of Canada plants
which manufacture most Of their
own products.
The new production record is Of
especial significance as it indicates
the enormous demand being made
throughout the country for Ford
cars and trucks and the Company's
endeavor to bring its output up Il
the point where ii will attempt Il
fill all requirements as to avoid
repetition of the shortage which
existed last Spring, when thousands
of persons were disappointed in not
being able to secure delivery of rars
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26
Facts Worth Noting E

result of steam causing the pump to
vibrate.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26
The duIIest drivers usually have
the brightest headlights.
Enter the Safety Cop

BY degrees it is becoming evident
to all who study traffic and safety
conditions that most cities are bad
" in need of safety cops-ofiicers
whose duty 1t would be to safe
guard Automobiles rather than to
untangle the annoying but harm
less knots of traffic.
Some of the most hazardous
pointb CT most cities are at present
without police protection, situation
that is said to be costing motordop
n heavy toll Of Ewes and property
damage. :.
The tendency seems to be to place
officers wherever there are
mechanical problems of traffic to be
solved, meanwhile neglecting those
points where safety problems are
being tackled constantly and handl-
ed unsuccessfully.
But experience shows that few
motor car accidents ever occur at
congested points, regardless of
whether these points are guarded o.,
unauarded. The average arivcr - q
little afraid of congestion. but put
him on a street where there is no
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26
The Old Mechanic Says:

THAI warnin' about not goin
fasteH than =. twenty-five miles an
hour with the new car is to be
obcycd, Gut don't forget that it isn't
the only precaution to take with a
new car.
d the steerin' is a little difficult
lot of people just take it for
granted that the annoyance goes
with the car. A wise owner would
see that the front wheels were in
proper alignment. Wheels that don't
toe in properly often make hard
steerin', and l know cases where-a a.
car has steered easiest without any
toe in at all.
In drivin' Il new car the fan belt
should. be watched closely. If the
pul!eys amt in alignment the belt
is goin' to slip off and cause over
heatin' Just when you least expect
it. And overheatin' is the worst
thing that can happen to a new car.
1t will cause the pistons to freeze"
up and throw the whole works just
far enough out of line to give q
perpetual knock.
Examine the strainer in the vacu-
um tank after drivin' about a hum
dred miles or so. Sometimes a piece
of rag or wool waste gets into the
gas tank in Process of deliverin' the
car.
Don't take anything for granted
with the new car. Examine. You've
got to live with it. Don't make
trouble for yourself.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26

| immediate evidence of danger and
he becomes fearless to the point
of being careless.
1t would be a very great service
to motordom If the dangerous points
in city driving could be guarded by
safety officers whose duty would be
to oversee traffic at these points and
remind drivers that danger Is usual
ly to be found where it is least eX-
pccted.
Many a blind alley could we'll be
guarded to great advantage, while q
little police protection at those
quiet" dangerous points would fire.
quently save life. One life saved
is worth q thousand tenders safe
guarded tHNugh the smooth func-
tiCning of traffic.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26

the car owner to imagine that SO
long as his engine will continue to
function when being operated in a
closed garage he is still safe from
carbon monoxide poisoning. 1t was
shown that dog lost consciousness
after 20 minutes operation of the
engine and that the engine did not
cease for lack Of oxygen until one
hour and IS minutes later. When
the engine stalled the air showed FL
per cent carbon monoxide, which is
considered sufficient for. almost i'm
mediate death. The test will be of
value to those who do not seem to
realize that in carbon monoxide
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26

mobiles that daily save lives by o..
fering speedy transportation to N.
hospitals? People 90 broke buyino
and supporting cars, but what Of n.
millions oil folks who earn thai.
daily bread with the aid Of ths;,
cars? Many people Get ,nto ell msn.
ner of trouble with their cara. h.
what Of the thousands to whom M
automobile has meant improve
health, recreation ana rsjuven atien;
(Copyrisht 1924 by The Ultima,
Feature SSrvice,l
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26
Perpetual Notions

Isn't it about time that the folks
who are forever looking for the
fourth dimension got busy on the
idea of lighting the country with the
electricity wasted by the automobile
genera tors? Here are millions of
motor cars actually burning head =
lights all day in competition with
the sun, garage men adjusting the
generator third brush" so as to
waste more Juice" and motorists
using the starter frequently in
order to prevent burning up the
battery. Electrical energy enough
to shock the world into a new
awakening. The search for per-
pctual motion LOOKS like the family
album in the .parlor by comparison.
On the Sunny Side
Why doesn't someone tell Of some
of the humanitarian uses to. which
the majority Of cars are put? Auto
mobiles are danger I. pedestrians,
but what of the hundreds of auto
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-04-26

One of the finlIce companies an
nounces that durihg 1923 it financed
the sale Of 1925 automobiles, rep
resenting an average obligation of
$445.05 per car. On December 81,
1928, the average amount owing by
each buyer was $3.50. With this
secured by liens on the cars and the
cars protected by ire and theft in
surance it is seen that the money
lenders risk in .his buslness Is not
important. 1t Is said that car own
ers are coming across with their
payment in good orde."
According to tests r-eee h'e 80 ",
S. Bureau Of Mines it 10 fatal, for