The producers news. [volume], December 14, 1923, Image 1

About The producers news. [volume] (Plentywood, Mont.) 1918-1937

Image provided by: Montana Historical Society; Helena, MT

                
TOR1CÂL SOÔIÊT
OF MONTANA.
HELENA,.
4
bin
MEMBERS OF THE
FEDERATED PRESS
STORIES YOU
DON'T GET IN
OTHER PAPERS
"iS
pRl
s ISSUE OF
producers
< is 2.000,
of T « 1
rHE 1
vUW ■
p \GES EIGHT
I
of Sheridan County and City of Plentywood
A PAPER O F THE PEOPLE , FOR THE 'PEOPLE, BY THE PEOPLE
PLENTYWOOD, SHERIDAN COUNTY, MONTANA, FRIDAY, DECEMBER 14, 1923
Continuing Plentywood Pioneer Press, Vol. 9, No. 17
Official PaP er
Continuing the Outlook Promoter
Sheridan County News and Dooley Sun
First National Bank Of Lewistown Goes To Wall
DIRECTORS ordered bank closed to
PREVENT WITHDRAWAL OF DEPOSITS
Result of Sensational Run, Engendered By the Failure of
Several Fergus County Small Town Banks Allied With
Lewistown Bank, Last Week, Huge Bank Closed
Monday.
A$ a
the
fIBT 'COPPER' BANK TO BUST DURING PANIC
Ruins Beiden and Johnson, Widely Known Montana Bankers
—Failed Bank Has Capital of $300,000 and $100,000
Surplus — Deposits of $5,000,000.
BESPREAD MISERY RESU LT OF CRASH
cnwial to Producers News.
TeSstown. Dec. lO.-The First Na
, ;na i Bank of Fergus County,
4 banking concern in centra
'Ieastern Montana went to the wall
f,.' t «enday morning as the result cf
"last Saturday by a huge crowd
ehtened depositors, who made a
h to get their money upon the
Sure' of several small town State
' û county during the
the
of
us
which banks are the property of
First National Bank of Lewis
:be
my.
$300,000 CAPITAL
The First National Bank of Fergus
(Y U ,-tv has a capital stock of $300,
and a surplus of $100,000; it has
deposits in the ■•um of $5,000,000 and
was the principal bank of deposit in
Central Montana and was a discount
lank for several smaller banks in
Fergus county, all of which nave re
cently failed.
FIRST COPPER BANK TO FAIL
The Lewistown Bank is the first
oank known in the state as a "Cop
per" bank to fail, and is the largest
ranking institution in the state to
soecumb in the impending financial
ibg economic wave that is engulfing
the nation. * '
DEPOSITORS DISAPPOINTED
The first heavy withdrawals from
the bank occurred Saturday and the
news of the condition of the bank
spread after the bank closed Satur
day and all day Sunday and Monday
noming a long line of depositors
waited for the opening of the bank
to withdraw their deposits, when one
of the employes appeared in the door
and posted from the inside the notice
ki the effect that the bank had been
dosed by orders of the Board of Di
rectors. The crowd was excited,
some were crying, while others were
nirsing. Many lost the saving of a
tfe time, and it is understood that
the bank will never be able to pay
out but a small fraction of the de
posits, the bank having taken huge
i0?s *s as a result of deflation and the
agricultural wreck of the past couple
f
policy of the Federal Reserve Bank.
BELDEN RUINED
0- W. Beiden, prominent in bank
•sg and financial circles cf the state,
^reported as ruined, as is also, W. L.
■ ynson, president of the bank, who
been considered one of the lead
bankers of the state for
many
Among the other officers of the
are Rep. T. T. Taylor, of Fer
ys county, who did yoeman service
i, -, kffislature last winter in be
1 the banking fraternity.
OTHER BANKS FAIL
, es ^ a >% following the failure
7 w' e Lewiston bank, the State Bank
t ; oore and the First National Bank
pf °° re were closed as a result
pa« 6 >vrec k ari( l State Bank of Ray in
A! e r F an *be c °unty also closed.
irirK.iî"*S ^ an ^ s vvere closely allied
National of Lewiston.
Really all of the small town
(Continued on Page Four)
L
loft
RECEIVERS OF YELLOWSTONE VALLEY
BANK SUE FEDERAI RESERVE BANK
Charge Thai hederal Resoivp Bank Looted Yellowstone Val
• e y Bank of Depositors Assets Few Days Before the Bank
Closed Its Doors.
"EEK TO HAVE THE MONEY RETURNED TO BANK
Sidney.,
Alleging that the Federal
,aa * of Minneapolis had
Valiev £LÎ e d< ; fanct 7 eIl0W *
_ ' - filed a petition in district
Praying for an order au
1 j 110 * to institute proper pro
,. for recovery of the pa
Petition was granted by
Uiper. K ameQ -
Ci Eitlen Receiver Teisinger
b'-ior to the insolvency
V f ,:Î!" s!one Valley Bank and
? obtai «ed a lo'an of:
k J Vi ' lhe Fe deral Reserve
4'!r? P0lis ' at the same
•mers "'nd'ng notes of its eus
rther to $128,214.12. No
vet u-v!- !tJ0 , ral l° an was pro
hilo the Yellowstone Val
lei
sen
'It heir
Pei
sw
lim?
cur-,].
DON'T PITY THE
POOR FARMER!
These Raised Horses Instead of Pole
Cats, and Sold Them for $1.07 Per
Head.
Forsyth.—Ranchers in the vicinity
of Rosebud who have been shipping
range horses to eastern markets re
port receiving very low prices for
theiç stock. One man who shipped a
carload of 29 horses to a Nebraska
market received a check for $31.03
fdr the carload of $1.07 per head
net. Other shippers of smaller un
broken horses did not get enough for
them to pay the freight. The only
local buyers for this class of horses
are the hog feeders, who are paying
around $2.00 per head.
The demand for small horses is a
thing of the past and there are thous
ands of these worthless animals on
the ranges in Rosebud county. Stock
men and farmers are putting forth
every effort to dispose of them as
they are consuming the feed that
could be utilized in the production of
more beef, wool and mutton.
NELS MOE KNOCKS
OUT STEVE O'BRIEN
Coming Young Pug Floors Huge
Irishman in Second Round—Fight
Sensational While it Lasted.
Holdfast. Sask., Dec. 23.—Before a
packed house at Holdfast, Sask,, on
Saturday night, December 8th, Nels
Moe knocked out. Steve O'Brien in
the second round of a ten round sched
ule. O'Brien took the county of eight
in the first round. The match was
fast and furious while it lasted.
O'Brien stands six feet six and weighs
over 200 pounds and has a reach of
82 inches while Moe stands
inches and weighs 174 pounds with a
reach of 78^ inches. It was a case
of speed and science against size,
weight and strength.
W. C. T. U. MEETING
The W. C. T. U. met in its regular
monthly meeting at the 8th grade
building Tusday evening at 8 o'clock.
Mrs. E. T. Mitchell, the Evangelistic
Superintendent led the meeting. Roll
call was responded to by giving some
current event concerning Prohibition.
Miss Isabel Malcolm read an inter
esting paper on "The Significance of
the "C" in W. C. T. U. and Mrs. C. G.
Christianson gave a well prepared
paper on "Prayer and Faith—the Key
note of Success." Come to these
meetings every second Tuesday of
each month that the forces of g ;od
may be as well organized and a.live
as the forces of evil.
insolvent, and its in
ley bank was
solvency kmfwn to the said federal
reserve' bank, agents of that institu
$238,986.22 without ad ^cmg an y
additional sum Jy reason thereof.
This action of the ferrai re. e
bank, Mr. Teisinger asserted gave it
an undue advantage oyer depositors
and other creditors of the closed Yel
lowstone Valley bank and indicated
that it was seeking to obtain a great
er proportionate share of its prope
than depositors and other creditors^
He asked authorization to institute
suitable proceeding to enforce an ^
counting of the said j_ht
any sums in addition which might
l|ave been heretofore ®°d e hank,
manner by the federal rese
Comer Takes Rape Case From Jury
ARCHER SCHOOL TO
GIVE FINE PROGRAM
Arrangements Being Made to Give An
Excellent Program at Archer School
Friday, December 2lst at 4:00 P. M.
Long and Varied Program Will Be
Given.
One of the finest Christmas pro
grams given in Sheridan county will
be held at the Archer school 'next
Friday, December 21st, beginning at
4:00 o'clock in the afternoon.
Every r farm of entertainment is be
ing furnished by the pupils of the
Archer school and also the residents
of that precinct, consisting of read
ings, songs, recitations and a play en
titled "Dinner for One."
The play will be an unusually good
one and will be worth going a long
distance to see.
When the Archer community puts
on an entertaintnent, they do it right,
and everyone may be assured that
one no
rule and they have a long and inter
esting program which we are not able
to print on account of the lack of
space.
Jens C. Hansen and brother John,
of Dagmar were in with a truck load
of wheat Friday, which they had
ground into flour and feed. The Dag
mar people appreciate good flour and
come a long ways to get the best.
OLD TYME MUSICAL
ON NEW YEAR'S EVE.
start to finish. Those on the program
working night and day. and there
will be many original and entertaining
numbers.
Everybody will wear old fashioned
clothes. Prizes will be given to the
best "Ladies' and Gents' Costume and
Get '
At Outlook, on New Year's Eve, Followed By "Ye Olde Tyme
Dance" With Costumes to Match the Occasion—Social
Event of the Season.
PROCEEDS BENEFIT COMMUNITY HOSPITAL
Given Under the Auspices of the Outlook Community Hospi
tal Aid Who Are Confident That An Enormous Crowd
Will Be Present to Enjoy New Year Festivities.
Tire Outlook Community Hospital Aid
will present an "Olde Tyme Musical"
at the Stivers Hall, New Years Eye,
Monday evening, December 31, which
will be followed by an "Old Tyme
Dance." The proceeds from this ven
ture will go as a benefit to the Out
w'hich in
are
The Musical begins at 8:00 o'clock
sharp. Admission will be 50 and 25
cents. The price of dance tickets will
be One Dollar. The proceeds will go
to the hospital.
stitution is doing so much for the
benefit of the people in the north half
of Sheridan county and the Canadian
people along the bender.
The musical will be a scream from
nesday; shopping and looking after
other business. Hans bought 500
pounds of flour at the Plentywood
Mill at the special reduction prices
which they are now giving.
ANDERSON MAKES STRONG APPEAL
TO ORGANIZED LABOR OF MONTANA
Chairman of Executive Committee of Farmer-Labor Party
Calls Working Men's Attention to Fact That "Panics are
Hand Made.
♦ V
FARMER-LABOR PARTY PEOPLE'S ONLY HOPE
Sen. J. W. Anderson of Richland
County, chairman of the Executive
Committee of the Farmer-Labor Par
ty of Montana, has addressed a lat
ter to the labor unions of Montana,
calling their attention to the fact that
the present panic is "hand made' and
that it was ordered by the governors
of the Federal Reserve Bank, deliber
ately and for the purpose cf destroy
ing Union Labor in American, and
what they thought was a threat of
Union Labor rule and thus "save
civilization" as they very frankly
claim.
The chairman of the executive com
mittee of the Farmer-Labor party
calls attention that the ■ remedy is po
litical action through the medium of
the Farmer-Labor party, and appeals
to organized labor to take immediate
action, by getting behind that party
in a mass, joining hands with the
farmers of the state "for the saving
of the workers from slavery."
THE APPEAL TO ORGANIZED
-
\MERICA
If the organized workers of
America fully understood the re
hztion between hand made panics
and its unemployment they would
immediately unite in order to de
stroy thé vicious system under
LABOR
Sen. AnderscJi's ringing address to
the workers follows:
"TO ORGANIZED LABOR OF
ANDERSON S
SPEAKING
DATES
* Farmr-Labor Organization Meet- *
* ing will occur at the following *
* placs on Roosevelt County on the *
* following dates:
* SEN. ANDERSON'S DATES •
* Froid, Friday evening. Decern- *
* her 14. at 7:30. •
* McCabe, Saturday evening. De- *
* oember 15th, at 7:30.
* Lenark school, Monday even- *
* ing, Dec. 17, 7:30.
* Dorn School, Tuesday evening, *
* Dec. 18th. *
* Sugar Top School, Dist. 25, *
* Wednesday, Dec, 19 at 7:30. *
* Popular, Friday, Dec. 21, at *
* 7:30.
* SEN. E. E. TAYLOR DATES *
* Enterprise School Dist. 4, Fri- *
*
♦
»
* Harvey School, Saturday, Dec. *
* 15th, 7:30. *
* Bainville, Monday, Dec. 17, at *
* 7:30. *
* Culbertson, Tuesday, Dec. 18th, *
* at 7:30. *
Fred Kjerrumgaard of Archer was
in Friday with w'heat to be ground
into flour.
which they are exploited. No in
telligent man today believes that
our periodical panics are due to
economic causes, but knows they
are caused through the expansion,
contraction and control of credit.
"Dr. George H. Shibley, director
and founder of the Economic Re
search Institute, Washington, D.
C., in his testimony before the
Committee on Banks and Curren
cy last December said. "That po
litical power in the creditor class
explains the contraction of the
volume of money, a creature of
law. Only by controlling the
governments could there be re
stricted unduly the volume of leg
al tender, which ,is one of the ele
ments of money. From 1863 in
this country the volume of money
cut down gradually most of
was
the time for 30 years, accompa
nied by falling prices and hard
times.' Again he says: This period
of inflation was interrupted in 1907
by a panic for money and credit
caused by concerted action by the
standard Oil Group in opposition
to the Morgan Group. The Mor
gan group lost heavily and Mr.
Morgan came t 0 Washington and
sat in the Senate Gallery when
Senator Aldnch introduced the
bill for an elastic volume of pa
(Continued on Page Four)
WANTS TO KNOW
WUATMOE IS AFTER
Says Moe Has Been Offered Guaran
ties of Every kind—Was Ready to
Meet Moe at Radville; Few Weeks
ago When Moe Developed Sore Kne«
on Eve of Match.
Outlook, Mont
Dec. 4th, 1923.
>
Mr. Nels Moe,
Yorkton. Sask., Can.
Dear Sir:
In reply to your challenge to Mr
House will say we are tired of the
mush you have been feeding the
readers of the Producers News. We
would like to have you state what
you would consider a fair rémunéra
tion for your times and services. You
have been offered a 60-40 or winner
take all, also a guarantee of $250.00
and you still continue to throw MUSH.
Mr. House didn't have any sore
knee at the time he agreed to meet
you at Radville; why did you not
come through—he was there. We are
challenging you now on a 60-40 basis
or winner take all, and if you have
any spare change, bring it along, all
side bets will be taken. Now, we are
tired of mush: come through now and
he as you claim, "A sport." But you j
will not come. !
As you know you don't dare to meet !
Mr. House, and it is a very poor sport
who will try to profit by the reputa
tion of another. Have you got the
GUTS ? ,? ? ? ?
Yours for sport.
OUTLOOK GLEE CLUB, |
By JIM TROWER, Mgr. !
Ole A. Moe Made Manager
of Scobey Sentinel Paper
Ole A. Moe, until recently deputy
Treasurer of Sheridan county, in
which position he made a >ecord for
himself, which job he recently resign
ed to become manager of the Produc
ers News, was on Tuesday of this
week hired as manager of the Farm
ers Publishing Company -of Scobey.
Daniels County, as manager of the
Scobey Sentinel and entered upon his
duties immediately and from now on
will attend to the business of that
publication. Mr. Moe will also re
tain the same position with the Pro
ducers News, dividing his time be
tween the two papers, spending part
( of his time at Plentywood and part at
Scobey, Mr. Moe is a very capable
young business man and the farmers
made no mistake in putting the Sen
tinel under his management,
Hans Hardersen of the Archer com
munity was in Plentywood last Wed
AMERICAN LEGION
DANCE SAT. NIGHT
Tomorrow (Saturday) Night, Local
Post American Legion Puts On Big
Dance—New Orchestra Will Be
Heard for First Time.
All lovers of dancing in Plentywood
and surrounding country are looking
for a big time tomorrow (Saturday)
night when the local post cf the
American Legion puts on a big dance
featuring the Montana Melody Five,
which orchestra is making a great hit
in Northeastern Montana at the pres
ent time.
A large crowd will no doubt be pres
ent from this city and it is reported
that many people are coming from
surrounding towns to take in the big
doings.
It will be a gay night for those who
love t 0 trip the light fantastic and
with the good roads, the Orpheum
theatre again will be packed with the
merry makers.
HAGGERTY BABY DIES
AFTER OPERATION
The eight months old baby of Mr.
and Mrs. William Hagegrty died at
the Hospital at Plentywood Friday
following an operation for bowel
trouble whicr it had suffered with for
some time.
Funeral services were held from the
home Wednesday moving. The en
tire symphathy of the community goes
te the family in their hour of sorrow,
Judge's Ruling Was Very Partial to Defendant—In Fact Caus
ing Considerable Hostile Comment—Court Room Pack
ed Daily.
HARRIS ESCAPES ON DEARTH OF EVIDENCE
Friends Give Farewell Party
to Mr. and Mrs. Mattson
The fri-eds and neighbors of Mr. and
Mrs. Adolph Mattson of the Outlook
precinct to the number of 115, gath
ered at the farm home of Ephraim
Faucett Sunday as a farewell party in
honor of Mr. and Mrs. Adolph Matt
son, their old neighbors, who are
leaving the homestead for a new' home
in Minneapolis. A collection of twen
ty dollars was taken up with which a
beautiful present was bought as a
token of the esteem and affections
held for them by their old associates.
The party was a very lively and hap
py affair except that time when the
farewells were said.
)
Dear Sir:
Please send the paper again and I'll
pû y back arrears some time this win
^cr. j wro te you to stop the paper
but find it is by far the best papör I
take.
STOPS PAPER BUT WANTS
HIS NAME PUT ON LIST AGAIN
Scobey Mont.
Dec. 8. 1923.
Yours very truly,
GARFIELD WILSON.
Scobey, Mont.
Box 197
Plentywood Bank Still
In "State of Animation
»
State Bank Examiners Arriving in Plenty wood Saturday from
Redstone, Where They Had Been Ex.rn.mmg the State
Bank of Redstone, Start Examining Bank—BankNolY
Closed—But Neither Takes Deposits Nor Pays Checks.
N.L. NELSON RETURNS FROM EAST TUESDAY
The State Bank of Plentywood is
still in a state of "Suspended Ani
mation." Saturday afternoon last,
the bank examiners arrived from Red
stone, where they had been working
on that bank, and started to examine
*
Nels Moe Coming to Ar
Bout With House
range
i * , . , T , *
* It is reported that Nels Moe
* will arrive in Plentywood about ^
* the 15th of the month to arrange ^
* a wrestling match with Elwood ^
* House of Outlook.
• 4 -'
PLENTYWOOD US. TO
GIVE ONE-ACT PLAY
"The White Christmas," Will Be Pre
sented to the Public at the Orpheum
December 20th—No Admission Will
Be Charged.
"The White Christmas," a morality
play in one act centering about the
birth of Christ, will be presented by
the Plentywood High School at the
Orpheum on Thursday evening,
twentieth of December at eight
o'clock.
the
THE CAST
Susie Legge
The Prologue
Mary, the Maiden Mother
- - - Lillian Gunderson
Joseph, Of the House of David - -
Elder Gunderson
Simeon. An Old Shepherd
Leroy Parkhurst
Timonthy, A Shepherd, the husband
Oscar Bensen
of Anna
Isaac, A Young Shepherd
Clarence Pappenfus
Anna, the wife of Timothy
Theresa Grimsrud
Thomas, the little son - Kenneth Kelly
Ruth, the little daughter -
Eleanor Stambaugh
Deborah, the Hostess of the Inn
- Mabel Guenther
Rachael, a maiden of Bethlehem
Margaret McNulty
Ruby Johnson
Priscilla, her cousin
Melchcir. Caspar Baltasar, the Wise
men from the East
barth, Marion Mitchell, James Bruce
Added features of the program will
Oliver Zie
be:
The Girls' Glee Club
The Girls' Quartette
The Boys' Quartette \
"The Great Guest Comes"—Maripn
Mitchell.
The public is invited to be present.
No admission charge will be made.
In event the weather permits, the
high school students will sing Christ
mas carols about town before the ev
erting's program.
Advertise where it • pays—circula
tion 2,000 every week.
Judge Comer dismissed the charger
of Assault with Attempt to Rape*
against James Harris, which had been
before the Court since Monday after
noon, Wednesday shortly after dinner „
on the motion of Paul Babcock, con
sul for the"defense on the gwwiads
that the evidence produced by ther
State against Harris was not sufficient**
to hold the case to the jury.
The dismissal of this case has nor
met with popular approvaU--and
feeling exists that a man guilty of a
contemptible crime has been allowed
to escape because of the absolutely
wrong rulings of the Court which pre
vented the State from introducing the
circumstantial evidence that a greif**
many people feels would have resulted
in a conviction. In fact at many times
it would setem that the Court went
to assist
a.
out of way
the defendant.
It is the attitude and acts of Court
of this kind that promotes mob law
and violence.
CASE CALLED MONDAY.
The case of the State of Montana
against James Harris charged with
assault with attempt to rape, was
called Monday afternoon. .
County Attorney Erickson, assisted
by Attorney Howard M. Lews. prose
cuted and Attorney J. J- Gunther and
(Continued on Page Four)
the suspended bank here.
they took possession of the bank or
not' is not yet known, but a sign
announcing that the bank has been
closed at the order of the State Bank
Examiner has not yet appeared. The
employes of the Bank still arrive
each morning at nine o'clock anct
stay all day during the banking hour*
when they'close the bank and return
home. Every day large numbers of
depositors appear to inquire whether
not the bank has resumed the pay
ments of checks, to be informed that
it has not, nor does it seem to know
when it will or what it intends to do.
In fact the whole situation seems to
be a joke, whether on the hank or the
public, no one can exactly tell. How
ever, in this matter the attitude of the
State Banking Department seems lo
be the grimest of all.
As things stand as the Producers
News goes to press it is not known
just what the status of the bank is.
Employes of the bank, as usual in
bank failures, are vehement in tho
claim that the bank is solvent and
will pay out every dollar, and
claiming this in spite of the fart that
hank in the history of financing
has ever done this, and it is honed
by everybody that these assertions
wili prove correct.
or
are
no
MARRON QUITS
Hfwever, Pete; Marron, one of the
heavy holders in the bank and one of
its chief financial mainstays, is im
ported to have tcJd his friends that he»
has put the last dollar into the insti
tution that he is going to put into
it and that he will have nothing more
to do with the institution in the fut
ure. Mr. Marron is said to have
raised $25.000 for the bank in Sep
tember and saved it at that time when
it was reported to have been headed
for the rocks.
A WEEK WILL TELL
Another week will probably tell
whether the State BanWng Depart
ment is going to close the hank or
wnether the bank will resume opera
tion. The State Banking Department
hes so many insolvent banks on its
hands at this time that it is overwork
ed which is said to account for its
seeming tardiness.
NELSON BACK FROM EAST
N. L. Nelson, cashier of the State
Bank of Plentywood, is reported to
have returned from the east the mid
lie of the week, but as the Producers
News goes to press he has net made
any statement.