Newspaper Page Text
Stock Farms F. A. BENNETT, Prop. BENCHLAND, MONT. EMORY WRIGHT ARCHITECT Offices .n Mackey Building, Corner Second and Main. LEWISTOWN, MONT. (.3-19-3 Ot) JUDITH BASIN LANDS 11,000 ACRES ot HIGH CLASS WHEAT LAND for sale in any sized tracts to suit purchaser. TERMS: 15 per cent down, balance in 10 annual payments, or in crop payments if desired. Payments postponed in case ot crop failure. E. F. COBB, Lewistown, : Montana Cfl Party representing Eastern interests de sires options on tracts ranging from 2.000 to 25,000 acres. From owner only. Write at once to Box 961 LEWISTOWN MONTANA For Sale Thoroughbred Barred Plymouth Rock and White Leghorn eggs, $1.00 per setting or $5.00 per 100 . Mrs. C. W. Baird Moore, Mont. 'Phone, 2 long, 1 short, Beaver Creek line. 4-2-3t* Quick Death For Gophers Gophers cost yon big money. At 10c each they cost $50 to $100 in a 40-acro field. Let us tell you the figures. You certainly would rather have the money in your pocket. You can't afford to keep gophers on your farm. Here is a poison that Is easy to use, sure in results, and most economical for killing gophers. Its odor is attractive to them and they eat it in preference to grain. And two grains kill them quick. Mickelson*s Kill-Em-Quick Gopher Poison comes in powdered form, put up In r/^two sizes—75c and $1.25. The $1 25 box contains enough to kill 4 000 gophers—enough to save you $400 00. - It's worth a trial, as you stand to lose nothing. Kill-Em-Quick is sold und.:r the manufacturer's guarantee of satisfaction or money back. C. H. Williams, Leadinq Druggist 214 Main 8t., Lewistown, Mont. I Of THE WORLD DIRECTOR OF THE U. S. MINT PUBLISHES SOME INTEREST ING STATISTICS. Output of Precious Metal Has Jumped Upward By Leaps and Bounds Dur ing the Past Twenty-one Years— Vast Sums Used in Industrial Arts —Distribution of Remainder. Washington, April 21.—"The report of George E. Roberts, director of the mint, just issued, gives an extensive review of the production and distri bution of gold during the 21 years be ginning with 1890 and ending with 1910. These years cover the period of what has been called the "new golden era," beginning with the dis covery of the Transvaal gold field and of the cyanide process of extraction. The gold production Is shown to moupt steadily upward, save for the Interruption caused by the Boer war, from $113,000,000 In 1890 to $454,000, 000 in 1910. The review then under takes to trace these new supplies of gold into use, showing the estimated consumption in the industrial arts, the absorption of Asia, the amounts taken by new and developing coun tries, and finally the amounts that have entered into the bank reserves of the important commercial coun tries. The 21 years are divided into two periods, the first of 10 years, 1890 1899, and the second of 11 years, 1900-1910. The production in the first period is estimated at $1,960,000,000, which is found to have been dis tributed approximately as follows: Industrial arts.............................$ 570,000,000 Banks and treasury of the United States________________________ 260,000,000 European banks...................... 686,800,000 Banks of Canada, Aus tralasia and South Af rica _______________________________________-....... 59,700,000 Egypt and Asia.......................... 195,000,000 $1,771,500,000 Other banks, circulation, private holdings, &c.........$ 188,000,000 Total ________ $1,960,000,000 During the second period of 11 years' production amounted to $4,037, 000, and distribution is estimated to have been substantially as follows: Industrial consumption......$ 958,000,00.. Absorption of India.................. 433,000,000 Absorption of Egypt............... 146,000,000 Bank of Japan__________________ 69,000,000 Conversion of funds of Argentine and Brazil_____ 343,000,000 Banks of Mexico..................— 28,500,000 Banks and treasury of United States.......................... 726,800,000 Banks and treasury of Canada ......................................... 85,700,000 Banks of Australasia and South Africa................................. 95,600,00 Banks of issue, Europe......... 863,200,00 $3,748,800,000 Other banks, circulation, &c .....................................-................ 288,200,000 Total ...........................................$4,037,000,000 The most striking feature of the re view is the showing of an increasing absorption of gold by India. That country in its relations with Europe has always had a favorable trade bal ance which had to be settled in the precious metals, but until recently the principal medium has been silver. Of late the trade balances have been growing larger, as a result of increas ing exports and the higher prices re ceived for them, and while India con tinues to take about the same amount of silver as formerly it is also taking large sums in gold. For the 10-year period, 1890-1899, the net imports of gold into India plus the country's owu production were $135,800,000; for the 11 years, 1900-1910, they aggregated $433,800,000; for the British fiscal year ended March 31, 1911, they amounted to $90,487,000, or about one quarter of the world's production after the in dustrial consumption was provided for. In this connection the report calls attention to the part that India has played in the past in modifying the effect of sudden influxes of the prec ious metals upon the markets of Eu rope. The development of the gold fields of California and Australia In the early fifties caused much alarm In financial circles and caused several countries to close their mints to the free coinage of gold. But about that time the construction of India's first railways caused the transfer of large sums of British capital to India, and later caused an increase in the lat ter's exports, so that large sums of silver were necessarily transported to that country. These sums, taken in the main from the monetary stock of France, made room for equal amounts of gold. The review shows that important amounts of gold have been taken dur ing the 21 years by countries outside of the old circle of gold-using nations. Thus Argentina and Brazil within the last decade have established their cur rencies upon a gold basis and ac quired $344,000,000 of that metal. Japan, Mexico and other countries adopted the same policy each with a moderate accumulation of gold. Moreover, it appears that of the gold acquired by European countries the larger part has been used for the reorganization of monetary systems and to strengthen and fortify certain great institutions, partly for financial and no doubt partly for political rea sons. Thus of the amount taken by : European banks during the first i period, which was $686,000,000, the ' sum of $583,000,000 went into the ; vaults of the state banks of Russia, Austria-Hungary and France. The first two were adopting the gold stan dard and providing adequate re : serves lor their paper currencies. I Previous to that time silver had pre dominated in the reserves of the Bank of France, and that institution was systematically building up its stock of gold. During the second period, $863,200, 000 was acquired by all European | banks of issue, but of this the state banks of France, Russia, Austria-Hun gary, Italy and the Balkan countries took $729,568,000 and all of the oth er banks of issue in Europe, including Germany and the United Kingdom, gained only $133,000,000. The Bank of France Increased its gold reserve dur ing the second period of $271,000,000, or about 75 per cent, while its loans and discounts increased by only about five per cent. It appears, therefore, that aside from the gains of the United States, the new gold supplies have not gone where they might be expect ed to have the greatest effect upon prices. The country which appears as the largest factor in the absorption of gold and in the expansion of credit during this period is the United States. The banks and government treasury increased their gold holdings by $702,927,944, the national banks in creased their note circulation $557, 800,000, and the national and state banks together increased their loans and discounts from $5,167,895,610 to $12,855,503,194. The gain in gold was 106 per cent and in bank loans 115 per cent. It has been a theory of writers on the subject that the rise of commodi ties and wages would automatically check the production of gold, thus providing its own corrective, but the gold-mining industry furnishes an Il lustration of how invention, organiza tion and the use of capital are able to accomplish a reduction in costs when every factor in the calculation shows an advancing tendency. The cost of handling ore and extracting gold in the Transvaal mines per ton of ore treated has steadily declined and made a new low record in 1910. The cost of mining gold, however, unless revolutionary changes are ac complished, does not have as great an influence upon production as in the case of common commodities for which there is an unlimited supply of raw materials. It is a fact already alluded to in this paper, and familiar to all who have followed developments in the gold-mining industry, that the great increase in the output since 1890 nas been due in the main to two contributing discoveries that were di rectly related to each other, to-wit, the discovery of the Transvaal field and the discovery of the cyanide pro cess. Of course, it is possible at any time for both of these discoveries to be repeated in others as important, but until such new discoveries are made there will be no similar leap in production. Since 1906 the rate of production in the United States, in cluding Alaska, has been practically at a standstill. There is nothing to indicate a considerable change in either direction. Australasia has been on a declining scale since 3 903, the annual yield being now about $28, 000,000 below the high year. Russia, Canada and Mexico have shown an in crease of late about sufficient to off set Australasia. The Transvaal has been pushed up to a new' record in 1911, but the deposit is well defined, and the increased production of re cent years has been due to an enlarge ment of the crushing plants rather than to any extension of the field. This policy of increasing the invest ments in order to exhaust, the mines more rapidly has probably gone near ly as far as It can be profitably fol lowed. While it is not likely that the Rand will show an appreciable decrease for a good many years to come it is prob ably not far from the maximum out put. There has been no gain in the world's production for some years ex cept that made by the Rand. M. E. Church Statistics. The Methodist Episcopal church has: A membership of 3,234,822, 18,988 ministers, 30,398 churches and 163 conferences. Total membership of the Methodist family of churches in America is 7, 409,763, and representing a con stituency of not less than 25,000,000. The largest publishing house in the world, doing an annual business of about $3,000,000. A board of foreign missions that has disbursed during its life the sum of $46,485,957.17. Last year it raised $1.0 <2,997. Foreign mission fields manned by 1,096 missionaries, operating twenty two printing presses, with 340,893 church members, 336,455 Sunday school scholars and 82,898 students in educational institutions. A woman's home missionary society with 119,130 members, publishing periodical literature with a circulation of 60,047. Money raised last year amounted to $701,217. A woman's foreign missionary so ciety with 186,114 members and an nual cash receipts well over $900,000. Since its organization this society has disbursed $12,280,874. Educational institutions, at home and abroad, to the number of 360, with property worth over $54,000,000, giv ing instruction to over 75,000 students. Sunday schools numbering 35,445, having a staff of 374,881 teachers and officers and an enrollment of more than 3,500,000 scholars. An Epwortn league having 14,075 scholars and 594,478 members. Church property valued at $183,542, 603; parsonage property worth $32, 7* <,834. A board of home missions and church extension having $1,500,000 in the loan fund. Collections for 1911, $886,065.86. NEW CONGRESSIONAL APPOR TIONMENT CALLS FOR OPINION OF ATTORNEY GENERAL. " ashington, May 2.—The question of whether the electoral college, for the purposes of the presidential elec tion In November, is to consist of 490 members or of 531 members, may be of the greatest importance, for if the election should be close, the forty one electoral votes at issue might be enough to determine the result. The attorney general's forthcoming opinion on tlm question is being awaited with much interest, and while it is gen erally believed that he will decide in lavor of the larger number, yet poli ticians on both sides will be glad to have the matter settled by an au thoritative opinion from the chief law olficer of the government. Leaders in both parties had been going on the assumption that the elec toral college this year would be based on tilt 1 new congressional reapportion ment, but the question was raised in uie house judiciary committee, and then everybody became uncertain, and finally the attorney general was ap pealed to. The majority members of the house judiciary committee, all ol them democrats, have directed atten tion to the fact that the new appor tionment law will not become ef fective until March 3, 1913, and they insist that the electoral college for the year 1912 ought not be based on a law which has not become operative. The political importance of the question lies in the fact that under the new congressional reapportion ment law the republican states have made the most gains. The states with the largest population obtained additional representation in congress, and, therefore, in the electoral col lege, and of the forty-one electoral votes which are at stake the republi cans have the larger number. The republicans, it is thus seen, are anxious lo have the electoral college based on the new reapportionment, while certain of the democrats are anxious to have the college based on the present law. The question has been emphasized to some extent because certain prom innt publishers in New York and else where have issued maps and charts, professedly based on official advices from tins city, which fix the number of electoral votes for this year's elec tion at 490 instead of at 531, the for mer number being the combined mem bership of house and senate at this time, and the latter number the num ber that will represent the combined membership after March 4. The argu ment in favor of the smaller number, 490, is that as the number of senators and representatives at the time of the election will be 490, the number of presidential electors should also be 490. In support of that contention It is pointed out that the representatives under the new apportionment will not assume office until next March 4, after the electors have performed their du ties, and when the new president also will assume his office. The new ap portionment, for this reason, it is argued, should not affect the electoral college until 1916. "The opponents of this theory point, to section 132 of tne revised statutes, and to the precedents established in former presidential years. The sec tion referred to reads as follows: The number of electors shall bo equal to the number of senators and repre sentatives to which the several states are by law entitled, at the time when the president and vice president to be chosen come into office; except., that where no apportionment has been made, after any enumeration at the FOR RELIABLE HAIL INSURANCE ADDRESS EDWARD BRASSEY - Lewistown Agent State Farmers' Mutual Hail Insurance Company Call and Read Testimonials From Insured for Losses Paid in 1911. Assets Over $500,000 a? Great RailRoad Development CJ Is sure to advance the price of city property. Now is the time to invest in vacant lots in Park Addition. <1 There is but one Park in Lewistown and that is in Park Addition. The city is to spend $7,500.00 upon this park during the next three years; sufficient to make it A Garden of Plotters and Shade. Could there be a better place for a home than one facing this Park? We have a few lots left so situated. Prices from $300 to $750 per lot Terms: One-third cash, balance to suit purchaser Phone 456 EXCLUSIVE AGENTS Phone 456 LPd: & time of choosing electors, the number of electors shall be according to the then existing apportionment of sena tors and representatives." The section just quoted has been the law since 1792, and it is pointed out by those lavoring the adoption of the new apportionment at this time that in every election since 1792, when an apportionment has been made fol lowing a census, the states have been represented in tne electoral college according to the size of the prospec tive, and not of the existing, con gress. In 1812, for instance, there were 218 electors, although the con gress which was to expire March 4. 1813, consisted of only 178 senators and representatives, in 1832 the total membership of tue two bouses was 261, while the total number of elec tors was 288, to conform to the cen sus of 1830. A similar course was followed both in 1872 and In 1892. Arguing from the facts just stated, the men who favor an electoral col lege of 631 for this year point out that the act of congress, in 1911, made a new apportionment of members «.f congress, the total being 531, begin ning March 4, 1913, the date when the president and vice president to be chosen in November will come into office. The electora. college this year, therefore, they say, should as in the previous years named, and in con formity with the statute quoted, be composed of 531 members. DISSOLUTION DIDN'T HURT. Rockefeller Has Immense Income From Standard Oil Subsidiaries. \ New York, April 25.—Wall street! learned today that John D. llocke feller's annual income from tils hold ings in t lie Standard Oil company of I Indiana, one of the many oil trust! branches which are flourishing since I the trust was "dissolved" by the United States supreme court, Is nt least $1,489,200 a year. The "dissolu tion" lias enormously increased the j Rockefeller fortunes. There are 1000 owners of the In diana concern's stock and their names I have Just become known. John D. Rockefeller heads the list. On January 1, 1912, he was the owner i of 2182 shares received in the dissolu tion of the Standard Oil company of! New Jersey. A short time ago Stan-! dard of Indiana declared a 2900 per cent slock dividend, which Increases the oil king's holdings to 74,400 shares. His Income on this, on a 20 j per cent dividend basis, would be $1, 489,200 annually. . lie company earned! about 30 per cent when the last divi dend was declared. John D. Rockefeller, Jr., at the first of the year owned 7 shares of stock in the Indiana company and William Rockefeller, 81 shares. They now hold 210 and 2430 shares, respectively. Notice—Brands. By an act of the 1911 legislature all owners of brands are required to re record their brands by November 1, 1912. Any failure of owners to re record will be considered an abandon ment of the brand and it will he open for record for anyone applying. The fee for re-recording Is 25 cents per brand. I). \V. RAYMOND, Recorder of Marks and Brands, Hel ena, Mont. 5-7-6t Loyal. "Now, listen to me." "All right, doe.' "You are threatened with a nervous breakdown." "I know it." "You must quit worrying." "I Can't do It, doe, until after all the players are signed. It. wouldn't bo loyal to the borne team."—Kansas City Journal. At the Counter. Salesman—"Now here, madam, is a piece of goods that speaks for Itself; I-" Customer (interrupting)—"Then sup pose you keep quiet a moment ana give it a chance."—Boston Transcript. PAGE THREE FINE STOCK FARM FOR SALE ON EASY TERMS. 1270 acres of land, three miles from Milwaukee road, within one mile of good country school. 400 acres broken, and 400 acres more of tillable land can be broken; 60 acres ot winter wheat, 200 head of cattle or more, 900 bead ot sheep or ewes, about 700 lambs, 12 head of horses and colts, 4 sets of harness, 10 brood sows and about 70 head of pigs, 200 chickens, 3 ducks, 6 turkeys, 3 geese, l self binder, 2 mowers, 2 rakes, leased sec tion of school land adjoining and good range near, 2 wagons and hay racks, 2 buggies, 2 bob sleds or sleighs, 3 riding plows. 1 double disc, 1 disc pulverizer, 1 harrow, 1 roller, 1 saw ing machine, 1 feed grinder, 1 gas en gine, 5 horsepower; 1 fanning mill, 1 blacksmith outfit of tools, 2 houses with springs near, 2 granaries, 1 good barn with spring creek running by, 2 cattle sheds, I sheep shed tor 3,000 sheep in capacity, 2 chicken houses, all household furniture excepting bedding and family pictures, all hay and grain on the place if purchased before June 1st, 1912; pastures all well lenced with woven wire, all goes with tli(> land. Best buy In Fergus county, Montana. $10,000.00 cash, $10, 000.00 on December 1, 1912, and bal ance of purchase price payable in three years, with interest at C per cent per annum. Any one desiring Ibis fine Rtock farm, well equipped, with all stock, farm machinery, etc., call or write, D. J. KANE, Lewistown, Montana SCRIP Being one of the largest dealers in Montana of Guar anteed Soldier's Additional and Northern Pacific Scrip, we are prepared to attend to your wants In that line bet ter than any of our competi tors. We cannot caution you too strongly to be careful when buying scrip as the market at present Is flooded with worthless scrip. In buying scrip from ue you get the benefit of our years of experience In these matters besides the benefit of our own guarantee. Don't overlook the fact that there are many details to be looked after in placing scrip after you have bought it and a slight oversight or mistake on your part may be very costly to you. Our guarantee absolutely protects you. Write us for price. Hilger Loan & Realty Go. Lewistown, Montana FARM LOANS NO RED TAPE C.C. JEFFREY Manufacturer of and Dealei In IwH'W \ HARNESS SADDLES TURF GOODS 1 tsSL Etc. All Repairs Given Prompt 'SSI IT Attention !|/ Sign of the Big Collar 109 Main St.