Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1928-03-23

(From Our Helena Correspondent
Resources of national banks in Mon
Jana at the end of 1927 were $780,
100000, an increase of about $4,000
600 over the amount at the same time
in 1926, says X. f. Towle, manager of
the Helena branch federal reserve bank.
Resources of the "a state banks which
are members of the federal reserve sys-
TEN, added $4,000, 900 to the 1927
figure.
Deposits in the rs national banks of
the state totaled S88, 1872, 900 on
Dec. 81, 1927, Mr.. Towle says. Securities
held by these banks totaled $26, 518. 900.
Loans and discounts increased about
| IS 500 900 to approximately SAT, 900, 900,
1.-THE report shows" Mr.. Towle comment
ed, that there Is more money in the
state and that 1t is being used by the
banks in promotion OF agriculture and
business. At the same time, a heavy in
! vestment in outside capital and liquid
securities Is noted"
Montana will be represented at the In
ternational Livestock exposition in De-
cember this year at Chicago by the larg-
est exhibit this state has ever displayed
In 10 years of participation.
Last year Montana entered exhibits In
II classes at the Chicago show; in 1923
about rs classes will be entered. Special
prizes offered by the department Of agri-
culture and made possible by contribu-
lions Of counties and public spirited in
dividuals and business houses will total
about $4,000, according to the tentative
premium list prepared by the division.
WI special trips, all expenses paid, tc
the 1929 International exposition are Of
fered to the two Montana farmers win
ming the largest number of first places
at the 1928 show.
To protest the corporation license tar
on business transacted outside of Mon
tana, C. r. McClave, Great Falls, presi.
dent of the Montana Flour Mills. and
Attorney o. w. Belden, Lewistown, ap-
peared before the state board of equal
cation.
Belden, representing the company, con
tended that insofar as a large percentage
OF it's business was conducted outside the
state. the revenue derived therefron
should not be subject to a corporation
license tax in Montana.
This was the first class of this kind
the board has had for consideration, sale
, Chairman James H. Stewart. The board
said that in the past 1t has based It's &C.
ton on an opinion written by former
Attorney General S. G. Ford, which helc
that out Of state business by a Montana
corporation was subject to taxation IL
the state.
The board took the new case under
advisement.
Through efforts of the Montana Wool.
growers association a half rate was Sc.
cured for shipment of wild horses from
Montana, to Strengthening plants. There
were 72,319 wild horses slaughtered II
the United States under federal inspec.
ton in 1927, according to Murray E
Stebbins, secretary. Last month Their
were 9,314 horses slaughtered, an in.
crease of nearly 1000 as compared with
January shipments, 1927.
These totals include shipments made
by the Hansen Packing company, Butte
one Of the three large abbatoirs In tn,
United States. The loins and round
are picked In brine and shipped to for,
eign countries for table use, Mr.. Stebbini
said. AT the plant In Rockford. Ill.
meat not shipped to foreign countries Il
made up into biscuits for dogs or for ust
or fox farms The other plant is located
in Portland.
J. Scott Harrison, Helena, has been ap.
pointed grand treasurer of the Knight
Templar to succeed the late j. J. Hind
son.