davidaulloa/AmericanStories huggingface dataset:
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-08-17

side poor $3.50 to meet pay
r1ents on county fair property.
Sl--5a for insect pest. and an in
crease OF $f50 Tor gopher poison.
LIftkt Change In Mill LevieS
HE county Ieyies in mills showed
little change over last yea most
departments including the general
fund remaining the same. An In
erase OF one mill was necessary in
ne poor fund to meet the ~increas.
Ing demands upon tile county for
care OF its poor. The bond interest
Ivy was reduced half q mill. but
Was offset by the same increase In
tile bond sinking fund.
The levy for high schools came
III for the most discussion of any
question before the board. After
5frIsers and directors OF the county
t~axpaverss association had appeared
before the board at its first hear
Ha@ urging that this levy be lowered
and tine state superintendent on the
other hand said il would be neces-
sarE TO raise the levy Is mills In
order to keep the schools up to
standard the commissioners ac-
eattsd to the request OF the taxpay.
- and cut the levy to ten mills.
Then came the session of the bud
gR- board composed of county sup
~eri1tendent Henry O. Raaen, chair
OF the commissioners Victor
Anker- and a member from the
school district effected. Represen-
TiarIyes ct the taxpayers association
1gaTH were present at this meeting
and strongly protested against any
Increase over the 10 mills set by the
commissioners. The county super
lnr6ndent and school men on the
other hand voiced the opinion. thar
=gzE1s of the smaller schools would
O. unable to operate, on a levy less
than u mfIIs-the same as last
rear
Mr. Rzaen suggested that IL any
reduction were 10 be made. notice
q i should BE- given earlier in the
70 give communities an oppor-
Ct asking for a special levy
their own district for high school
support. Upon his recommendation.
the budget board placed the levvl
back a. Z mills.
When the county commissioners
ean1e % give final consideration to-
re entire budget. still determined
e make every effort towards low.
erlng taxes. the high school lew
was finally placed at liz mills,
with the definite warning that
aHseher year school districts wherv
hlsh schools were being operated
would b. called upon to raise ad
dHrlanaI funds through local taxa
-IaH Il their budgets could not be
lowered Tx was very evident that
Ehs commissioners another year
would lower the county levy for
algh schools eyen TO less than 10
zafIIs-
Space does not permit the print
LIZ &C the detailed budget and lev
80 hut tables have been made IN
the clerk and recorders office
showing comparisons with the pres
amr levy and that of last year, and
these r available for inspection
~ any taxpayer
The fact that there will be some
reduction OF taxes Ia Sheridan
while many other counties
~ rhe state are raising their levies
EalI he most cheering news to the
and file of taxpayers.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-08-17
Many Projects Planned
Continued from page u

ed. The largest of these Is that al
Medicine Lake which received first
attention inasmuch as preliminary
surveys had been made even before
the passage OF the emergency
measure. Here 1t is proposed to
raise the present level of the water
nine feet which would result In a
body of water that would be the
largest by far In this section OF the
country. A similar project Is pro
posed in Williams county about SO
miles east of Medicine Lake.
Reserve has another site for the
construction OF a dam. This would
be just at the west edge OF town
where three ravines converge and
would store a supply Of water from
winter SHOWS and spring rains snf-
ficient to furnish an abundant
water supply to the town of Reserve
as we'll as being available for irri-
cation in the low lands below the
city.
Site for a large lake Is proposed
IN the Riba farm about two miles
north Of Plentywood. With con,
struction OF a dam here, water
would be backed up for almost a
mile and cover from $50 to 160l
acres OF land. 1t would provide a
splendid recreational center besides
supplying an abundant amount OF
water for irrigation purposes both
In city gardens and on the low
lands south and east of Plenty
wood. The water supply would
come from year-around flowing
springs Of pure water. Another site
southeast of town on the Marion
farm has been suggested.
The people OF Redstone are back
ing the construction OF a dam at
Eagles Nest two and a half miles
southwest OF the town. This would
provide a lake covering about 80
acres.
Although lake projects already
started In other sections are being
constructed through c. c. C. camps
ii is understood that inasmuch as
there are no permanent camps es-I
tablished in eastern Montana, the
program here could be handled by
employing local labor which would
be most desirable.
All OF the cost for construction
work on water conservation proj-f
ects Is borne by the federal govern
ment with the exception OF mater
ials used. The land also must be
acquired by local a and title
cleared before projects will be APP
proved for construction.
Farmers May Secure Dams
Authorities have pointed out
that there Is nothing to prevent
any farmer from securing the con-
struction of small dams on his OWN
land where sites are feasible and
are approved by the construction
engineer. ALI work on such dams
will be provided by the government
as in the larger projects, the farm
er merely furnishing the actual
materials such as concrete. In
many cases these small dams are
built without the use OF concrete.
and other important link added tc,
the governments program of water
conservation and additional work
provided for unemployed men. Far-I
mers who have such sites should
get In touch with the state engineer
Immediately or a member OF the
state advisory board. Then when
the engineer visits this section to
look over proposed sites. see that
he inspects your proposed unit and
If approved, 1t will be added to the
program for immediate construc-
ton.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-08-17

After our recent example the nation ought to be
a little afraid OF too much prosperity On the stock
market.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-08-17

Proper footwear is exceedingly
important liz you expect to do much
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-08-17
VACATION
and
HEALTH


-----
Your vacation clothing should
HaE sacrifice comfort and health fol-
srFfer although there, is no good
Reason why they canRot be combin-
st TO good advantage. During the
heat OF the day, wrnr clothes thai
are light in both weight and color.
Cation and linen are suggested.
Avaid getting chilled at night, and
aaEs a sweater handy for use after
vigorous exercise, or in the even
Eng- Where and how you spend
Tslr vacation Will largely determ-
Inc the kind of clothes you ear
Clothing MAJ get wet from rain
ar parzpiratIon. and III drying on
the body it draws heat from the
hrdy itself Cotton. linen and silk
dry more rapidly, and therefore
rs1aI the body more quickly than
waaL- People who take colds easily
shG1Ed change their underclothing
prEsalptlE IL it gets wet.
All garments should fit the body
loosely and NOT be tight anywhere,
especially around the neck or the
waist S1spenders r preferable to
b@Hrs for naen. and women should
likewise carry the weight OF their
g~ifaFaes On their shoulders. In many
respects. modern women are more
aEasEbEe than men In that they arr
zssr 70 IfkIy to wear tight collars,
ar bands around the abdomen.
Evening star., 1933-04-02
BANK PROFITS SEEN
AS LOWER IN FUTURE

1t is not quite an accepted conclusion,
but it is almost so, that banking in
the future will not be highly profit
able occupation, says the Nations Busi-
ness. Profits are to be limited not by
Government fiat, but by ordinary cir
cumstances. There will be stricter Gov
ernment regulations, no opportunities
for loose financing of back door security
afiliates. Profits will be smaller but
herhapS steadier. There will be fewer
salaried bank officers, many of whom
heretofore have been superfluous. The
mortality will be greatest among the
weak banks destined to become
branches.
In one sense, banking is headed to-
ward the status of a public utility, to
be privately owned, privately managed.
but as closely supervised as other pub
lie utilities are supposed to be. This is
somewhat loose statement but is i'm
pressionistically accurate.
Some wise men think banking will
rapidly become mutualized, as life in
surance has largely become.
One danger, of course, is in the up-
sprouting of novel forms of private
financial institutions designed to evade
stricter banking laws, the Nations
Business concludes
Evening star., 1933-04-02

that there has been a heavy gain by
many commercial banks and that in
numerous instances deposits have ex-
ceeded Withdrawals among the mutual
savings banks. The figures of the New
York Clearing House banks indicated
that last week they gained $114,000, 900
over the week previous.
Inasmuch as the reporting member
banks in New York City In all lost
81 ,042 ,000, 900 in deposits between Feb
ruary / and March / and an additional
amount between March / and March 4,
it is obvious that it will require con-
siderable time for them to recover their
lost ground During February all of
the reporting member banks of the
country had shrinkage in deposits of
s1,876. .000,0 900.
The effect of an increase in the de-
posits resources of the banks and a de-
crease in their reserves has had a pro-
nounced bearing on money rates. In
January the member banks had excess
reserves of $500, 900. BY the first
of February those of the New York
banks alone had dropped from $685.
100000 to $179, 100000 and on February
Is, they were below $4,000, 900. Later
these banks were heavy borrowers at
the Federal Reserve The reverse of
these conditions is now taking place.
At the same time decline in money
rates has developed which is almost as
pronounced as their recent advance.
Copyright. 1933D
Evening star., 1933-04-02
GAIN In BANK RESERVES
SHOWN BY FEDERAL RATIO
Figure Has Advanced From 1876 Per
Cent on March to 57.8
at Present.

Special Dispatch to The Star.
n YEW YORK, April 1.-The work of
M rebuilding bank reserves that
VI were depleted before the holiday
4 goes on satisfactorily. It is
most plainly shown in the
change this week of the reserve ratio
of the IL Federal Reserve Banks and
the Federal Reserve Bank of New York
On March 8 the reserve figure for
all of the banks dropped to 45.6 per
cent. 1t is now up to 57.8 per cent.
That of the New York bank fell on
the same date to Ala per cent and at
present is 522 per cent Both. how
ever, are far under the ratios of year
ago.
The most important change that has
occurred in the last three weeks is the
increase of $3.50, ,000, 900 in the total gold
holdings of the Federal Reserve Banks.
From S2,683 539, 900 on March 8 this
item has advanced to $3,236, 766, 900. Be-
tween February l and March there
had been a decline in the monetary
gold stock of Federal Reserve Banks of
$305, ,C00,000 and in the gold reserves of
the banks of SSH, ZOO, 900. Since March
is, when. the holiday was abandoned
for all solvent banks, there has been
. reduction in currency circulation of
81, 1876, 100000.
Figures dealing with the deposits of
the banks are not available to show the
present size of this item 1t is known
Evening star., 1933-04-02
FOREIGN EXCHANGE
RULES T|GHTENED
Sending of Funds to Europe
Will Be More Closely
ScrutiniZed.
BY the Associated Press.

By the Associated Press.
NEW YORK, April IA Tightening
of the original rules governing foreign
exchange dealings, in order to guard
against any possible flight from the
dollar, is indicated in a self-imposed
stipulation just agreed upon by the
foreign exchange bankers here.
Under the new PRONUNCIATION an
American citizen who endeavors to
send funds to Europe will be quiZzed
more vigorously than ever before.
In examining remittances from for
eign clients, bankers here are requested
to follow this procedure in the interest
of uniformity:
Where a check or draft is drawn by
an American in excess of 81 900 and
negotiated abroad, the following memo
randum Is to be attached to the check
before it is sent through for clearing
or collection:
The drawee's attention is invited
to the fact that the attached item bears
foreign Endorsement which makes it
incumbent upon the drawee-if the
amount is unusual to the normal oper
ations of the drawer-to ascertain after
payment that the transaction involved
does not represent transfer Of credit
to foreign country in violation of the
executive order of March TO-"
The March 10 edict was the Treas
ury's original order prohibiting the ex-
port OF capital.
Fred I. Kent, a director of the Bank
ers Trust Co., is the foreign exchange
"czar" who was appointed to pass on
all questionable and border line situa-
tionS He held a similar post during
the war.
In routine cases. however, the in
dividual banks and foreign exchange
judgment. Every effort is being made
to avoid interference with legitimate
business transactions
Evening star., 1933-04-02
GOALS
SALES PLANS READY
Cooperative Agency, Formally
Launched Today, Includes Several
Companies in Virginia.
BY the Associated Press.

BY the Associated Press.
NORTON, Va, April 1-Ofices of the
Virginia Coal Operators Association
have been busy this week winding up
preliminary work and gathering final
data from the 13 member coal COM
panies in preparation for the formal
launching today of the Appalachian
Goals, Inc, cooperative and mutual
sales agency
The Southern high-volatile coal-pro-
ducing area has taken on new life since
the decision of the Supreme Court ap-
proving the organization, which will
operate with head offices in Cincinnati.
Approximately 90 per cent of the
normal Virginia tonnage of 10000 900
tons annual production is represented
in Appalachian Goals. at least a 10
per cent higher representation than
from the entire section embraced by
the organization, which includes the
high-volatile Goals of Southern West
Virginia, Virginia, Eastern Kentucky
and Eastern Tennessee
Virginia member companies are Black
wood Coal & Coke Co., Blue Diamond
Coal Co., Benedict Coal Corporation,
Clinchfield Coal Corporation, Kemmerer
Gem Coal Co.. Norton Coal Co., Stein
man Coal Corporation, Stonega Coke
g. Coal Co., Splash Dam Coal Corpora
tion, Virginia Iron, Coal & Coke Co.
and the New Garden Coal Co
Evening star., 1933-04-02
PRODUCTION FIGURES
SHOW UPWARD TREND
Commerce Departments Survey for
the Week Ended March 25 In
dicates Quiet Progress.
BY the Associated Press.

BY the Associated Press.
An upward trend in a number Of
indexes of production and distribution
was revealed in the Commerce De-
partment's review of domestic business
conditions during the week ended
March rs, but progress was slow and
lacked uniformity.
The movement of agricultural pro-
ducts to market was accelerated with
cotton, wheat and livestock receipts
advancing sharply. Retail and whole
sale trade generally felt the stimulus
OF renewed activity, as the banking
situation cleared. In manufacturing
lines, mixed trends prevailed with
several of the important industries, in
cluding steel, operating at about the
same rate as in the preceding week.
The automotive industry moved for
ward, with output up considerably.
Wholesale commodity prices main
tained an upward trend, and Fishers
index advanced to the highest point
since the second week of January. The
movement was not as uniform as in
the preceding week, the rise being due
TO further advances in agricultural
products. Cotton and copper prices
declined, while wheat held steady.
Evening star., 1933-04-02
NEW MONEY ISSUE
TOTALS S14,228,0l0
Only Five of Twelve Federal
Reserve Districts Have
Used Currency.
BY CHAS. p. SHAEFFER,
Associated Press Business Writer.

Statements that the new currency
issue provided for in the Presidents
emergency banking act would flood
the country with a debased money ap-
pears definitely refuted in the current
statement of condition of the Federal
Reserve banks.
So great has been the confidence in
the Governments efforts to reconstruct
the banking situation, and render it
solvent, that instead of the billions of
dollars OF new currency in circulation,
as forecast in certain quarters, there
was only $14,228.000 in the hands of
the public at the close Of business on
March 20.
Five Districts Make Demands.
In making the announcement, the
Federal Reserve Board revealed that
only five of the twelve Reserve banks
had taken advantage of the new cur
rency, these being Boston, New York,
Philadelphia, Cleveland and st. Louis.
New York had total of $10,338, 900 in
actual circulation, Philadelphia had
$1,64l 900, Boston, $1,468,000 Cleve-
land S745, 900 and ST. Louis $4,000.
Treasury officials declare that the
very limited supply of this new money
in circulation is due almost entirely to
an abated fear on the part of bank de-
positors. They declare that the imme-
diate hysteria attending the national
banking moratorium gave way to a new
wave of confidence and cooperation on
the part of the American public, Gre
ated when it became known their de-
poSitS in opened institutions were avail
able when needed.
An examination of the collateral back
OF the new currency indicates that it
is backed in the ratio of more than 2
to l in paper made eligible under the
new bank act, and has a backing of
178 per cent in securities of the United
States Government The currency is
sued by the banks of New York and
Philadelphia was backed exclusively by
Government securities, while $4,000, 900
of the s5.189,000 put up by the st.
Louis institution was likewise in Gov
ernments. Boston and Cleveland on
the other hand employed discounted
and purchased bills exclusively.
Expense to Banks.
Still another minor factor mitigates
against the issuance of such currency.
namely, 1t is made an expense to mem
Der banks, which must borrow from
the Federal Reserve banks to obtain it,
and which, if they have no eligible as
sets. must pay penalty rate on their
borrowings. This provision assures the
retirement of the currency when it is no
longer required, since member banks
would certainly use returning money to
reduce their Indebtedness with their
regional institution
Evening star., 1933-04-02

Who recently resigned as treasurer of
the American Security & Trust Co.,
concluded AZ years of enviable service
with the bank yesterday and was sue
ceeded by James E. Dulin, jr He had
held the treasuryship over 20 years,
during which time he was one of the
outstanding bankers of the city. Late
ly, on account of his health, he decided
to withdraw from active banking, but
will continue to live at the University
Club, with frequent visits to his old
home in Mifflintown, Pa
Years ago Mr.. Howe did a great deal
OF financial news writing. For a dec
ade he was editor of a publication which
covered the news in the local financial
district and from time to time pre-
sented considerable comment on local
securities. That was in the days when
but little financial news was printed in
the daily papers. The late Albion K.
Paris of Crane, Paris & Co. also did
the same kind of writing. Mr.. Howe
enjoyed economic discussions and the
publication contained much humor
along with financial facts The trust
company finally sold the financial sheet
to Boston firm and it eventually
faded away. But the files at the bank
show it had a brilliant record while
in its glory.
During the three decades that the
late Charles j. Bell was president of
the trust company Mr.. Howe was one
Of his most able assistants The retir-
ing official holds a law degree from
George Washington University is a
graduate of Princeton University, mem
Der of the University and Chevy Chase
Clubs and is thirty-second- degree
Mason. Two years ago Mr.. Howe acted
as chairman Of the safe deposit section
OF the District Bankers Association.
He has always been a close student
OF economics and an inveterate reader.
A great lover of art, he is an excellent
judge of rare paintings Once, while
attending an art auction. the buyers
were SO numerous that they were in
separate rooms. When the bidding was
the liveliest Mr. Howe found, to his
great dismay, that he was bidding
against the president Of his own bank,
Mr.. Bell
Evening star., 1933-04-02
COMMON STOCK GAIN
IN MARCH COMPUTED
Market Value of 100 Issues Shows
Advance of 4.8 Per Cent
During Month.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 1.-The market
value of 100 representative common
stocks increased $3.50, ,409 900, or 4.8 per
cent, in March to S7,703, ,803, 900 at the
end Of the month, according to Fra
zier Jelke g. Co.. thus regaining ap-
proximately 20 per cent of their ex-
tensive February losses.
With the exception of the utilities,
which deprecated S171 ,033 900, or 1873
per cent. each one of the l3 sub-groups
constituting the index advanced The
loss in the 10 utilities was greater than
the combined improvement in the 40
issues constituting the building, re-
failing, chemical, electrical manufactur-
ing, railroad equipment and railroad
groups.
The largest gain in dollars in March
was an improvement of $92,426 900 in
the oils The miscellaneous industrials
advanced s69,78e. 900 and the foods,
SOS ,982, 900.
Evening star., 1933-04-02
NEW YORK EGG PRICES

NEW YORK, April l (SpeciaD -
Quotations for eggs in the wholesale
cash market today were:
Mixed colors-Special packs, 14la-
15A standards. 14-14A; storage packed
firsts, 13k 1874; firsts. 13-l3A; sec
onds. l2A-12h; medium, IL; dirties,
IL; checks, 11H.
Whites-Nearby selected, 21h-22h;
Western receipts, specials, l8-20h; |;
standards, 16-l7; under grades. 14k2-15
Biowns-Nearby and Western special
packs, 1918; standards. 1412-15.
Evening star., 1933-04-02
Rise in Carloadings
OF 26,l38 Is Greater
Than Seasonal Gain
BY the Associated Press.

NEW YORK, April Freight traf-
fic, according to latest statistics, is
maintaining its improvement. The rise
for the week ended March Is was
26,138 cars, all major categories with the
exception of coke and ore showing larger
loadings. The gain was somewhat better
than seasonal, though too much weight
was not attached to this record in view
of the extraordinary distortions given
to recent figures by the troubles from
which business is trying to emerge.
Financial circles are awaiting the ad-
ministration's budget of railroad legis-
lation. now expected soon. Forecasts as
to what it will embrace, appearing at
the week end were about in line with
previous prophecies and included pros
pective appointment of a co-ordinator
with sweeping powers to act in what
may be called transportation en-
ergency." Nevertheless, the imminence
of further reorganizations, similar to
that OF the Missouri Pacific is recog-
nized.
Evening star., 1933-04-02
Unfavorable Dividend Changes.

NEW YORK, April (P-Standard
Statistics Co. reports 1858 unfavorable
dividend changes in March compared
with February's total of 1872. The ag-
gregate for the first three months of
1888, however, was lower than for the
corresponding period of last year-625
against 892
Evening star., 1933-04-02
DEMAND DEPOSITS GAIN
S143,0OO,0OO IN GOTHAM
BY the Associated Press.

BY the Associated Press.
NEW YORK, April 1.-The feature
OF todays weekly statement of the New
York Clearing House Association was
an increase of more than $4,000, 900
In demand deposits. representing fur
ther normal flow of funds back to the
banks since the termination of the bank
holiday.
Other changes in the statement fol-
low: Total surplus and undivided
profits, $26 6.000,0 900 decrease; total net
demand deposits (average), Si43756, 900
increase; time deposits (average,,
$680,000 decrease clearings week end
ing today, $2,865, ,853 ,290: clearings week
ending March IS, $2,880,849 572.
Evening star., 1933-04-02
Receivers Appointed.

WILMINGTON. Del, April I R,-
Christopher L. Ward, jr.. of Wilmington
and William j. Wardall of New York
today were appointed receivers for the
Associated Telephone Utilities Co. of
New York, which has suhzi1iary ccm-
panies supplying telephone service In
IS States.
Evening star., 1933-04-02
Drop in Earnings Continues.

NEW YORK. April l (SpeciaD An
nual and interim earnings reports con-
tinue to make unfavorable comparisons
with those of a year ago. Out of l3
which came out in one day this week
the losses ran from "A to 48.6 per cent
of net income. Now and then a cor
poration manages to show an increase
but such are exceptions.