Newspaper Page Text
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.