davidaulloa/AmericanStories huggingface dataset:
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
REFORnIS I'M State SUPERVISION OF
BANKS As ADvOC TED BY BANKERS
By FRANK W. slmMoNps
American Bankers Association

LTHOUGH many states have unexceed systems Of bank
supervision by public authority instances political
entangleens have resuea IN lax methods and dangerous
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
TOBY HEDGES
MASONIC CHIEF.
DIES IN HELENA
Funeral Wds Held Monday
Father Wos Famous Mon
tond Pioneer

Helena, July 81. Cornelius
Hedges, Jr., affectionally known
to thousands Of Masons as 'Tob-
by" died of perlcarditis while
sleeping at a hospital between 5
and $50 Friday morning. He was
81. Funeral services will be held
Monday by the grand lodge Of
consistory shrine. Hedges, who
was unmarried. succeeded h s
father, Montana pioneer, as Sec
retary of the grand lodges of
Montana.
He was secretary of the grund
lodge, A. F. & A. NJ, grand sec
retary of the grand chapter of
Royal Arch Masons, grand recor-
der of the grand convention Of
Amounted High Priests, grand
recorder of the grand council of
Royal and Select Masters, and
grand recorder Of the grand COM
mandery of Knights Templar.
He was leading member of
Sons and Daughters Of Montana
Pioneers, Sons Of the American
Revolution, director Of the Y. M.
e. A., Montana Deaconess Home
and other organizations.
He was page at the Montana
constitutional convention and had
won a reputation because of his
uncanny memory for dates and
faces. In the early COS he was a
leader in the Young MGTs S Hell
ena-for- Capital club" when Hell
ena won the capital in the fight
against Anaconda for the seat Of
state government.
Surviving relatives are: Mrs.
Edna L. Palmer of Helena, Wyl-
lys A. Hedges, of Lewistown,
Mont, and Henry H. Hedges Of
Helena. He was the eighth and
last child of Cornelius Hedges,
after whom the tallest peak in
the Big Belt range was recently
officially named. His father died
in 1907.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
Gas Tax Brings State
$3.50, 600 During Quarter

Helena, Aug. Receipts of
gasoline license tax by the state
treasures Office for the second
quarter Of 1925 total $3.50. 332.53,
which represents an increase Of
about $4,000 over the receipts
for the same period in 1924.
Last quarter, after a decision
of the Montata supreme court
declared the old tax law invalid,
all of the larger taxpayers, ex-
cept the Texas Oil company, de-
clined to pay. The Texas com
pany's payment was S10,977.34.
The funds are distributed 80
per cent to the state general fund
Is per cent to the state highway
fund and the remainder, at the
end of the year, equally to the
counties for use on roads. AS a
result Of failure of the larger
firms to pay last quarters tax
the State highway commission
found itself deprived of almost
its entire revenue for the period.
Among the larger payments
received this quarter were the
Texas company, S20,372.48; the
Continental Oil company, $751;
934.52.
The AFRO Oil company, $685.
The Sunburst Refining
S19,O58.35; The Lewis
town Oil and Refining company,
72,672.80.
The tax is two cents on each
gallon of gasoline retailed.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06

successful banking experience, and
that bank examiners be selected from
those having the requisite qualifca-
tions.
A careful study and survey of state
bank supervision has been made with
the cooperation of State Bank Com
nIssioners and state bankers to bring
out the high lights OF successful su-
pervision, and at the same time indi-
cate renediable weaknesses, as the
basis for. formulating a model code
Of law dealing with bank supervision,
and also for developing public opinion
in favor Of its general adoption.
This survey shows that in forty-one
states Bank Commissioners are ap-
pointed by the governors and gener-
ally hold office during their pleas
ure." In two states they are chosen
by popular election, in others they
are chosen by banking board, but
in only a few is the advice of organ
lied banking considered. In Missis-
sippi the selection is made by a con
vention Of delegates from the state
chartered banks.
Long Terms Make Bureaucrats
The term of Office was found to
range from two years to six. The
majority of recommendations favor
fve-year term, reasoning that long
term of life tenure tended toward
bureaucracy in Office, while a short
term was condemned on the grounds
fbo4
scarcely have time to become thor
oughly conversant with his field Of
work before the expiration OF his
term of service and the public would
lose the fruits of his experience. a
five year term is long enough to per-
nit his rendering useful service
through capitalizing his experience
and then if he is found capable the
chances Of his reappointment would
be strong.
1t was found that duties other than
bank supervision are frequently i'm
posed on the banking department, /
ranging from insurance matters to |
irrigation projects and even state
hail insurance. The almost unani- /
nous expression of opinion is that the /
position Of bank commissioner is
task of such outstanding Importance
as to demand that he devote all his
time and attention strictly to prob
lens of bank supervision and regula-
tion.
Some states impose no statutory
qualifications whatever for Bank
Commissioner. A number merely re-
quire that he have nominal quaifica-
tons. in many cases purely negative.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
Montana Fuel Oil Pro-
duction Steadily Gains


More than so per cent of all
fuel oil used in Montana by loco
motives on the Great Northern
railway is produced in the state,
according to w. R. Smith, super
intendent of the central division,
who returned Friday from a trip
over northern Montana. When
oil was first used in this state on
the Great Northern all the fuel
was shipped in from Wyoming
and California.
There is sufficient fuel oil be-
ing produced in the Kevin field
now to accommodate the needs of
the Great Northern, Mr.. Smith
said, "but it is not all available.
Increased activity in the fields
tends to indicate the use of Mon
tana oil than is being produced
at the present time. We hope the
time will come when it will not
De necessary to ship oil from OUT
side the state. - The Great Falls
Tribune.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
The kelvin OIL Field HAPPENINGS


The Regina KevinH-alloran 8,
c NV Sc, section 33-35-2w.. hit
production Monday at 1,494. and
is making 75 barrels daily.
The Fulton-Byrne No. 2, e ne
NV, section 31-55-1w, came in
Friday and is making 35 barrels
an hour or around 400 barrels a
day.
The Queen City No. IA, n ne
NV. section 5-34-2w. which was
completed during the past week
is 225 barrel well. Production
was found in the Ellis at the
depth of l ,474 feet. The Sun
burst was encountered at 1,214
and was 20 feet thick.
The Hibbing-S -Sunburst- Warner
No. 3, W NV NV 32-35-1, found
the Ellis sand at 1.438 feet and
the oil Immediately arose 800 Ieet-
in the casing. A control head was
placed before drilling deeper as
big production is expected at
this location. Thirty or more feet
Of sand is found in this locality.
The we'll is the south offset to the
No. 2, which came in July for
100 barrels.
The Ohio-Roundyley No. 3 'sw
Sc, section 33-36-2w. will spud in
this week.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
Young DriIlers Work
Tiny Rig at Full Blast

Shelby, Aug. IA complete
oil derrick l6 feet high has been
built and rugged up by Robbie
Eckel of Shelby, aged IL. He
built the entire structure without
any help except that of his play
mates. 1t stands in the Eckel
back yard and is as high as the
house.
The boys spudded in several
days ago and are now drilling at
Ia feet. Every now and t h n
they have to pull the casing. A
shed is built adjoining the der
rick and this houses the machin-
cry. The engine man gets in here
and steams up while the driller
stands on the floor of the derrick
by the hole to see that all is 60
ing well. A large beam moves up
and down when drilling is going
on.
Robbie is in the seventh grade
and has always been interested
in machinery. He is the son Of
Mr.. and Mrs. l.. N Eckel.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06

4 Only twenty states require actua
banking experience varying from one
to five years.
Powers Of Bank Commissioners
In the majority of states, the Bank
Commissioner is given more or less
power to approve or deny appiica
tons for charters of state banks
Clearly this authority should be ex
ercised chiefly with view 10 supply
ing each community with safe, ade
quate banking facilities. Hence the
Importance Of carefully weighing all
factors involved such as the character
and Responsibility of the organizers
and the community's needs for bank
ing facilities In the very nature OF
things no one is so well qualified to
pass on charter questions as the Bank
Commissioner Comments from all
states favor granting the banking de.
partmcnt large if not absolute juris
diction in granting bank charters
number Of states now confer
more or less complete authority on
the state banking department to act
as receiver in liquidating failed banks,
usually providing that the Bank Com
missioner must file a report with the
court for approval In other states
he court names a receiver and the
Bank Commissioner thereafter has no
Jurisdiction or authority. The almost
unanimous opinion of bankers and
the Bank Commissioners is that
authority should be placed in the
banking department as it permits the
employment of experienced bank ad-
nnnistrators in winding up the affairs
Of bank, is more expedient, eco
nomical and altogether more satisfac-
tory.
Changes Needed
The consensus as to changes need
ed to strengthen the work of the state
banking departments is summarized
in the following recommendations:
/. Provide adequate salaries.
2. Give Bank Commissioners large dis
cretionary power in granting charters
and enforcing bank regulations.
politics by providing for election or
of the Commissioners by the
bankers.
z. Provide for sufficient number of
Examiners. with adequate oay. and free
their appointment from politics.
5. Give the Banking Department fuil
to act as receiver in the case
G. Make Bank Commissioners terms
i've years.
T. Make requirements for Bank Com
missioner eligibility not less than five
years of successful banking experience
md well recognized executive ability.
Bank supervision. when wisely and
mpartially administered. is capable
Of rendering one of the highest types
Of service a state can give its people.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06

Wilson-W West-Lashbaugh No. l
Sc NV Sc, section 27-35 2w, are
drilling below 300 feet, they
spudded in the last of the week.
The Shoshone No. 9, Il NV NV,
section 4-24-1w, which hit the
sand at 1.74l feet has increased
from a II barrel well to 25 bar
rels per day according to reports
from the field. -
The Potlatch deep test has
cemented off water from the 6A
inch hole and it will take several
day for this to set before drilling
can be resumed.
The Sc Petroleum Caine No. 8,
n ne NV. section 32-35-1w. which
came in last week as a 125 barrel
well is reported to be making 500
barrels daily.
Big West-Allen No. II. n Sc ne
came in last Thursday
with an initial flow at more than
l,500 barrels, which exceeds that
of any other we'll on the lease
The new wells is the 10th pro-
ducer on the Allen lease, which
is now running 1000 barrels a
day into the pipe line. The No.
II well is now drilling below $50
feet.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
Refiner Gets Half Interest
in FaIck Well for So, 900

With 40 acres of the Falck farm
on his hands and an agreement
to drill well, Dan Mcdonald,
well known contractor Of Cat
Creek and Kevin, went out in
search of money with which to
drill a semi-wildcat on the south
side of Kevin.
Bill O'Haire of Sunburst lined
up a group of Cananians, who
agreed to put in $1,000. Dan
moved a rig onto the lease, then
he was informed that the deal
was off. The Canadians had back
ed out.
Harry Schwartz of the AFRO
Oil & Refining company happen
ed to come into the field. Dan
offered him a half interest in the
well and the Forty for $4,000
cash and string Of pipe.
I've never lost anything on
you yet: I'll take chance" re-
piled Schwartz. The well was
drilled in Is days. On Wednes-
day it picked up the Ellis sand at
1481 feet and drilled in five feet.
Oil rose 1000 feet in the hole i'm
mediately. There was no tank
age on the lease or within a half
mile, so the well was shut in. 1t
will be drilled deeper to increase
production, but it is a commercial
oil we'll as it stands, opening up
d new prospecting territory.
Some Canadians are minus an
oil we'll for $11, 900. Schwartz has
a half interest in one for $1,000.
The opportunity stalks about.
Montana Oil Journal.
l.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
ROSE COMPANY
Gets PRODUCER
ON WEST Side
I e 5 t Shows Eighty Barrels
Hourly Rate No. 6 Comes
In at l,45O Feet

The Rose Oil-Byrne No. 5, 8
ne ne 81 35-1w, came into pro-
duction at l ,470 feet in the Ellis
sand, Sunday. Oil arose to the
top of the casing Immediately,
when the sand had only been
drilled into a short distance and
later the oil shot 20 feet in the
air. A little later it shot over the
derrick for 20 minutes or more
before the control head was
placed. Monday the well averag-
ed so barrels or more per hour.
The Rose-Byrne No. 6, sw ne
ne 31-35-1w, came in Monday
with flush production of 100 bar
rels daily at the depth of !, ,450
feet. Both wells found their best
in the bottom sand, at
the top Of the Madison limestone.
The Hill & O'Neil-Lorenson /.
section 28-35-2w, is due for com
Oletion this week. Also the CO.
operative-Shoemaker No. /, in
3-34-2 W. is due for completion
.oday.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
FERDIG REFUSES Big
MONEY FOR INTEREST

S. C. Ferdig, independent ep-
orator in the Kevin field, an
nounced recently that he would
not sell his holdings on the east
side Of the field, as has been rum
ored. Mr.. Ferdig has had several
offers which he has considered,
but he has decided definitely not
to sell.
Among these offers was one of
$1,000 a barrel for a naonta y mo,
duction. AS Mr.. Feadig's pipe
line run for month is about L.
200 barrels, this would be an Of
fer Of 81, 100000. In addition to
this he would be paid for the
tools and machinery above the
ground. including pipeline, pumps
and power plant, amounting to
abount $4,000. 1t does not in
clude casing or tools used in the
hole. Along with the wells the
purchaser would get the leases
and could drill them out as he
saw fit. This offer pertains only
to property on the east side of
the field.
Mr.. Ferdig keeps four rigs run
ming all the time. At present he
is drilling two wells on the An
derson farm, the deep test and
Ferdig- -Hughes-Anderson No. 10;
Ferdig- g-Tembroeck No. l on the
Tembroeck place which came in
a dry hole at 1885 feet Tuesday;
and one near the Absher refin-
cry. Ferdig-Hughes-Ander 10
is drilling at 900 feet and should
be completed by the first of next
week. Mr.. Ferdig usually drills
a well in abaut 10 days. The deep
test is down 500 feet and, will
drill to 1920 feet. This will lack
over 1000 feet of being as deep
as the Potlatch deep test but Mr.
Ferdig believes he cam find out
what he wants to know before or
at this depth and that to go fart
her down would be useless.
Mr.. Ferdig is planning consid-
cradle development on the west
side of the field. He has 400 acres
in section 29-35-3 west, north
west of the Big Elephant well
which was completed two weeks
ago. He must start drilling here
before September /, and will
bring one of the rigs from the
Anderson place to this location. |
He also has 180 acres near the
Absher refinery where he is drill
ing now, 240 on the Anderson
place, and 120 on the Putnam
and in sections 80 and 5. This I
last is subleased. Mr.. Ferdig will [
continue to keep four rigs going. {
L feel" said Mr.. Ferdig, that
since | have brought in enough +
in the past two years
% make 1900 barrels monthly,
,an do that well in the next two
years and it would be unwise for
ne to SELL
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06

state goVenmen chat e tenure Of Office be made
and lasting with sufficient compensation discretionary
attract of outstanding abily and
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
Regal Company Building
Larger Pumping Station

The Regal Oil company is build
ing larger central pumping
station as they now have seven
producing wells and the plant
now in use can only pump five
wells. The No. 6 well a 135 bar
rel well a day and the No. 7 is a
125 barrel well, and are being
pumped by the use of the der
ricks. AS soon as the new pump
ing station is completed these
derricks will be moved to new To-
cations.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06

DIR. J. D. Sutphen of Helena
and J. G. Mintline of Austin,
Montona, were in the Kevin field
the last Of the week for a few
days. Both Of these gentlemen
control some valuable acreage on
the west side, and it is their in
tentions to get drilling started
very shortly.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06
KEYIN REVIEW FAMILY
TAKES FISHING TRIP

The editor of the Kelvin Re-
view, R. B. Thompson, wife, son
Robert. Jr., and niece, Miss Daisy
Thompson, motored up to Babb
last Saturday afternoon where
we spent Sunday fishing and en-
joying the pleasures of that sum
mer resort.
To say that this was a pleasure
to the Review family would be
putting it mild, for the accomIno-
dations That was afforded as by
Mr.. Hans Thronson and sons,
who are engaged in the mercan-
tile business at that place, are
beyond explanation. Mr.. Thron-
son is an old time Sunburst man,
ne was one of the first subscrib-
ers on the Review list, and has
taken several acres at this com
ing resort, placed cabins, and
staked out a townsite. He carries
in his store everything that will
please the tourists, consisting of
fishing equipment from lines to
reels, and if you are not able to
succeed in fishing, you will find
that Mr.. Thronson has plenty of
provisions on hand so that you
need not go hungry.
You will also find at this sum-
mer resort, if you are an mex
perienced fisherman, Gus Jack
son, also an old time Kevinite,
who is there with pack horses
and familiar with the whole
streams, who is willing
to guide you throughout the best
streams where the mountain
trout are plentiful. Too much
praise cannot be given both
Messers Thronson and Jackson
for the hospality the hospitality
that is shown anyone from the
Kevin-Sunburst territory.
Babb is centrally located in the
Glacier Park territory, and is
surrounded by many beautiful
lakes and streams. The fresh |
fragrants af the mountains makes
a man from the oil fields forget
all of his troubles, and for
summer outing, we would say
that Babb is the place to go,
where you are treated with hos
and good fellowship.
Perhaps it was rude in the editor
If the Review to lock up his
3anctum and forget his troubles
'or day or so. but we are hui
nan, the same as others, and we
could not stand to hear the fish
stories of others returning and
,elieve this was true without
seeing with our own eyes.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06

The Essex-Byrne No. 6, NV NV
Sc 35-1w, was completed Sunday
at the depth of 1,450 feet after
II days of drilling. This is the
fifth producer brought in by the
Essix group. This we'll is estim-
ated at around 500 barrels daily.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1925-08-06

PRACTICES. PubIc opinion today demands that
bank supervision be as free from partisan inter
ference as the judiciary itself
State banking laws are increasing in number
and diversity Much thought and study has been
given by the State Bank Division of the American
Bankers Association to uniformly efficient super
vision 1t is on record as urging that the Office
of Bank Commissioner be freed from entangling
nnlitics Ci1rnrcad
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1925-01-01
LET'S BE LOOKING AHEAD.

Good business Judgment looks ahead-it an
ticipates the future and it is never caught napp-
ing. good business institution which has
faith in it's future, looks to it's future growth.
1t appreciates that prices of today are usually
much lower than prices of tomorrow and it
takes advantage of it's foresight.
! Kenosha has definite plan for development.
That plan suggests wider streets and broader
avenues in some parts of the city for the fu-
ture. Of course in some cases it means look
ing ahead for considerable period of years,
but years roll around pretty rapidly in the pro-
gram of modern civilization and development,
and the things we want to have tomorrow are
much better if they are secured today.
Some time Kenosha is going to want a broad
road way out near it's western limits of today.
1t is being suggested that this broad roadway
will be Allenwood Avenue, and the officials of
Kenosha should take some steps now to pro-
vide for the widening of this avenue. Property
necessary for such an improvement is not near
ly as valuable this year as it will be next year
and probably not one-tenth as valuable as it
will be ten years from now.
If the city is looking ahead it should be
getting into touch with the owners of this prop
erty or getting into courts with condemnation
proceedings to open this broad highway. It
would be of use to the city now and undoubted-
ly it would be much cheaper for the city to get
it now than to get it later.
When man is forced to buy something he
usually pays "aL the traffic will stand" When
a man looks to the future and buys in advance
he usually gets the most advantageous price.
The broad highway on the west side of the
city is only one of the things which Kenosha
looks forward to in the future. Certainly fore
thought will be of value in considering all of
the other improvements to be sought.
The important thing is to study this new
plan of the city and work out the details of
future growth in advance Of the demand for
them Officials can do no greater service to the
people of the city than to be thoughtful of the
future. It's the real duty which we owe to
Iposterity.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1925-01-01

consin and several of it's counties, and the
same plans continued will undoubtedly knock
off a lot more.
The governor probably places on his list OF
knockers" practically every leader of industry
in the state for we are not acquainted with any
one of these leaders who happen to be in SYM
patty with the political program of the state
executive.
If these men should take the governor at his
word and permit themselves to be knocked out
Iof the state Wisconsin would present sorry
picture.
This country lawyer from Boscobel seems to
have entirely no idea of the great value to
Wisconsin Of it's industries. He seems to have
liberalization of the millions of dollars they put
Into circulation monthly; of the other millions
which they pay for the support of the state
in taxation. He seems to forget entirely that
the wages paid by industry are building up the
market for the sale of everything produced in
the state.
The happiest outlook for the new year in
Wisconsin is the fact that these great indus
tries are refusing to be driven out of their
home state by the pet peeve of a governor.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1925-01-01
Daily Health Hint
CARE OF THE FACE.

Wrinkles in the face are nearly al
ways an unwelcome surprise.
There are several methods of de-
laying their appearance, and in some
instances dissipating them after they
have appeared as Mrs. Mann of Any
town learned.
A persons general health must be
given attention and the face should
have local stimulation.
Washing the face in cold water, and
then rubbing briskly with towel or
the palm of the hand will do good serv-
ice.
An excellent cream to rub into the
face every night may be made of cocoa
butter, one ounce; white wax, one-half
ounce; spermaceti, one ounce; sulphate
of aluminium, one dram; rose water,
one ounce; oil of sweet almonds, one
ounce.