The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-02-06

TX LdLcOll anu DGIdLOI / dylOI u
Sheridan County have been making
things hum at the State Capitol a
Helena. gave the following splendi,
and we'll prepared address before tn
House a few days ago in defense q
House Bill No. "a, which measure
was sponsored by Mr.. Larsen, anC
against which the bankers lobby pur
up a hard fight. The bill has passed
the House at this writing and is now
IN to the Senate, which body will de
eide where the legal maximum rate Of
interest be 8 per cent or 10 per cent
as at present.
LARsEN's ADDRESS
Mr.. SPEAKER, LADIES
AND GENTLEMEN:
I have here a lot of dynamite, but
/ did not expect / wCEIld have to put
fuse on it; but things have developed
to a stage where l am compelled to
light the fuse and let it go, so here
we are:
TAKES EXCEPTIONS 49,
TO STATEMENTS
[ cannot help but take exception 10
my distinguished colleague from Sill
yer Bow county when they as they
often do, tell your Honorable Body,
1--WE are representing Silver Bow
County, the best county in the State.
with over 10000 people.
BEST COUNTY
IN THE STATE
Ladies and Gentlemen, I am here
to tell you that I am representing
the best county in the -Sheri-
dan County, and l shall prove it to
YOU. Sheridan County is No. 1 in
production of wheat; Sheridan County
IS No. 1 in prediction of flax; Sheri-
dan County is No. 1 in production of
oats and No. in the State of Mon
lana IN dairying-and some of the
pest people in the State of Montana
reside within the boundary of Sheri-
dan County. l am speaking for over
lO,OOO people. We have exported ov-
er S1O,0O0,000.00 of farm products
last year and in spite of adversitv the
last four years, we have reduced the
of Sheridan County
about S600,000.00. In other words.
we have cut down our indebtedness
right in two. While practically every
other county in the State of Montana
mas gone into debt, we have paid ours,
and are now on cash basis.
NO REASON
FOR FIREWORKS
Many have said to me since we have
assembled here for this Nineteenth
Session that there seems to be no de
bate-nO fireworks. / answered them
that there has been no important mat
ters for consideration, insofar as we
all stand for law and order and 7
know that we can all agree on some
thing; but | know from former ex-
perience that here is a bill that will
draw the lines in this House more
than any other bill that will come be-
fore you in this, or any other session,
and here is going to be some SCRAP,
II L do not miss my guess.
GOES THE GOVERNOR
ONE BETTER
"Here in my hand I hold a COPY
of the message of his Excellencv.
Governor Erickson, to the Joint SEES
sion of the Nineteenth Legislative
Assembly: He says in part: The
Assembly shiuld investigate the
feasibility of using treasury notes
and other state papers at as low
rate OF interest as possible and Dor
row money thereon with which to
collect outstanding warrants so that
he state may save probably 2 per
'ent on this $3,000,000.OO indebted
ness, until the state is able to nav
he same. A reduction of 2 per cent
IN the interest rate would amount tn
saving of S60,000.00 annually on
his outstanding Indebtedness.
This is what his Excellency said
lere In this House on January 9th.
1913, but here is what | saw to Won
Il the State can save S60,OOO.OO an
lually on this $3,000,0OO.OO indebted
less, / am here to prove to yoC. la
hes and gentlemen. that in enacting
his House Bill No. "a into a law
N our Statkte books, that the people
II Montana will save, not S6O0OO0O !
'ut listen $1,200,00O.OO. I want Won
aides and gentlemen, to get this
'l,2OO,OOO.OO every year and I shall
'rove it to you.
1 hold here in my hand a state
nent Of some big figures taken from |
ne State Examiners office December
i, 1924, about three weeks ago. and
shall give them to you:
Total loans in 1855 state banks and
Wo private banks are S36,O25.716.65
he State Examiners office has no
ecord of 70 National banks. I asked
he gentlemen in that Office if tbev
'ould please give me a rough est.
late of the loans of these 79 nation
banks and after some time tbev
aud they were very conservative 40
res at $4,000, 100000, and this makes
total of S60,025,716. and please
ave in mind this is only in all banks
perating; the 153 closed banks arc
OF included In this magnificent suno
100000, 100000, neither are the bio
an companies nor the Federal Farm
oan Association. - -
ONTANA COMING
ACK
Those of you who were at the han
let the other night heard what Mr.
lnnlngham had to say; he said sthe
'ople paid their debts and prosneritv
as here and Montana was con,ino.
-ck and we soTld encourage peonIe
ON other states to come in here
"a settle on our vacant lands 7 can
dorse what he said. I will oo o,,+
any 100 or 800 acras apd 49, :