Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1924-01-10
THE BELT VALLEY AND BELT VALLEY BANKS


1t was with feeling of joy with relief that read
the statements banks when they were presented
for publication this about the country when
every days newspaper brought of bank of the state IN
difficulties what of has not wondered how our own banks
getting along? We did dare ask lest curiosity should
question be wrongly construed
reports foolish it is for to doubt for
one minute ability Belt Valley from
give the lie to calamity howlers who have
lost faith in even themselves
These bank will furnish hours intense reading
with the reports of three months supplementary work
We wish call attention to Of the salient points Of
the statements:
During the three there have been iquidated
Miners State Bank loans to the amount Of
$5676634 aggregate Borrowed money to the amount of
$6OsS9 has been paid off and deposits have increased the
Instead of owing the Federal Reserve the Finance Cor
pOraon other banks for borrowed money the of
$s6s6 this bank has reduced its borrowings by twOrds and
It to these today only 6862 the lowest amount
m several And besides doing this it has increased its de-
pOsits
The showing of the First National is just remarkable
qudated s27s of has reduced its borrowings
from $l54Zs6 $O7271 and has increased its deposits by
$s757.54.
We consider record desire to congratu
officers institutions the successful concusion
of the years business Every individual citizen business
may feel proud of the showing made by local banks and
should to those sesame officials their gratcaton That
the financial institutions Belt still standing firm backed by
the wonderful valley in the state
But must pass by Cash Reserve shown by these
which banks judged.
Farmers State Bank has in cash and
bonds the of $7327953 which several times the
amount of the reserve required by banking laws.
The First National Bank shows cash reserve of $31974
which syone per of their deposits and almost
heard of situation in banking circles
prosperous year for the rancher and the Belt Valley
debtor and will emerge again from the eclipse
brought by disastrous when after buying the slough
grass neghborng at $4,000 ton to feed their cattle
through winter stoman awoke the spring to find that
his cattle would not the feed bill
coming spite of the fact that the government
postal savings financing its certificates through the post
draining country ready which those OF
little the Belt Valley ong to send to the Nations
capitol finance of the nations debts to the proftees
When money becomes industry must and the
working who send all their savings out of the country where
they making their living eventually find it to have been
expensive proposition very much like killing the that
laid the golden egg.
The Belt Valley proved that its banks stable its
The banks have proved their ability
from the hard times of the past strong and reliant in spite
of the lack of confidence of who paonng the govern
rival of the local institutions Yet there who have
faith the interest which they draw from their savings
viii make the pay interest the postal savings
counts look like fifty cents on the dollar.
The point which wish emphasize is that banks
strong They have carried the load during the of
advery They have listened ympathecay troubles
They have helped all they able They have paid dv
dnd to their stockholders Every dollar made has been used to
firmly establish the security of these institutions and to ST
safeguard the money intrusted to their
The who read these statements and continue send
bis money of the country would Doubling Thomas look
TO his honors of little faith