The Bozeman courier., April 16, 1926, Page PAGE SEVEN, Image 7

About The Bozeman courier. (Bozeman, Mont.) 1919-1954

Image provided by: Montana Historical Society; Helena, MT

                
BANKERS SURVEY
STATE BANK LAWS
9
V
Find That Movement for State
Guaranty of Bank Has
Gone Into Eclipse. -
New York.—A survey of state bank
ing laws conducted by the State Bank
Division of the American Bankers As
sociation shows marked progress to
ward greater uniformity and more ef
ficient bank supervision, it is declared
by Frank W. Simmonds, in charge of
the division. In a statement giving the
results of the Investigation. He says
that the movement for state guaranty
of bank deposits appears to have gone
into eclipse.
"The division has urged that the
office of bank commissioner be freed
from politics and all other functions
of state government and tenure be
made more secure with sufficient com
pensation and discretion to attract
men of outstanding ability,'* Mr. Sim
monds says. "Gratifying progress has
been made during the past year in im
portant bank legislation in many
states. Idaho, Wyoming and Oregon
led the list by adopting entirely new
modern banking codes, while Texas
and Montana have new codes in prep
aration.
Uniformity Among State Laws
"The survey shows that it is gener
ally agreed there should be a high de
gree of uniformity among the states
in laws dealing with certain funda
mental principles of bank organiza
tion. regulation and supervision, and
that there is a strong tendency in this
direction. We find a very definite
trend toward increasing the minimum
capital requirements of banks to $25,
000; creation of banking boards to act
in an advisory capacity with the state
bank commissioner, and legislation
empowering bank commissioners to
take complete charge of insolvent
banks and to liquidate them as dis
tlnguished from liquidation through
the courts.
I
ri»
"We find also a trend toward legis
lation providing tor closer supervision
and regulation of building and loan as
sociations; more equitable taxation of
bank stock; legislation providing for
merger, conversion or consolidation of
banking institutions; the legalizing
and regulating of what is known as
'departmental banking*; broadening
the field for investment of funds of
saving banks and trust companies, and
increasing the power of the bank com
missioner as to granting or denying
charters for new banks, and authoris
ing his making reasonable rules and
regulations governing bank manage
ment and prescribing penalties for the
violation thereof.
"Additional general characteristics
of state bank legislation are tor in
creasing the compensation of the bank
commissioner and lengthening his
term of office of four, five or six years,
with power to appoint necessary depu
ties and examiners; legislation provid
ing for the reduction of mandatory
bank calls to three and reducing the
nsmber of examinations required by
law annually to one; making issuance
of worthless checks a misdemeanor;
limiting or prohibiting an officer or di
rector of a bank borrowing from his
bank unless his collateral is approved
by a majority of the board of direc
tors, and limiting or prohibiting the
opening of branch banks.
Eclipse of Guaranty Movement
"The question of state guaranty of
bank deposits appears this year to
have passed into an eclipse, so far as
the extension of the idea is concerned,
notwithstanding the tact that state
guaranty laws were recommended by
the governors of two states, and bills
were introduced in several of the
states, all of which were defeated.
The general tendency, eo far as state
guaranty of deposits laws are con
cerned, is distinctly the other way, the
Indications being that several states
now haring guaranty laws are trying
to free themselves from this legisla
tion. Oklahoma has abandoned th*
plan of state guaranty of deposits, and
this year the South Dakota legisla
ture has repealed the state guaranty
law and ha* referred the repeal to th*
people at the next general «lection for
ratification."
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BANKERS RAISE FUND OF
$500,000 FOR EDUCATION
■
f
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A fund of $596,044 to endow schol
arships and research in economics In
American colleges was recently
tablished by the American Bankers
Association in celebration of Its Gold
en Anniversary. The intention of the
Foundation is to promote education in
the direction of sounder general eco
nomic understanding. Half the total
sum represents subscriptions by the
American Bankers Association, the
American Institute of Banking and in
dividual bankers, and the other half
quotas assigned to hankers in each
state. The Association gave $50,000
from its reserve funds, and the Ameri
can Institute of Banking, through in
/ dividual subscriptions from JU mem
bers. who are chiefly clerks ta toe
i
bonks, subscribed 125,464. ■ -i
ibscriptlons of $5.660. $2.504 and $V
hankers la ail parts of the
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tv
Silk boom is on
NOW IN CALIFORNIA
Rev iv e Industry Started and
Wrecked by Frenchman.
Sacramento, Cal.—California's silk
industry, which is almost as old as the
state Itself and was launched by a
Frenchman and wrecked by a French
man. today Is being blown toward the
port of prosperity by the fickle winds
of French fashion.
The name of the
'Forty-Niner"
Frenchman who^proclaimed California
"The best silk-growing country in the
world" while others were marveling at
its wealth of* gold, is little known in
California itself. He was Louis Pre
vost of San Jose.
The name of the Frenchman who
wrecked the golden state's sericulture
was Louis Pasteur, the great scientist.
By 1865 silk culture was thriving in
several parts of the state and the fol
j lowing year silk-weaving machinery
was ordered. A single nurseryman In
Los Angeles by 1869 was offering 100,
000 mulberry trees and cuttings for
sale. Louis Prévost himself had a
plantation of fifty acres along what is
now Main street in Los Angeles.
Then news came that Louis Pasteur,
miracle-working scientist, had found
a remedy for the silk worm blight and
saved European sericulture. Orders for
California eggs, which had been bring
ing $10 and $12 an ounce, diminished,
then stopped entirely, deflating the
state's booming silk industry.
The wide margin of labor costs in
the Far East and In California still
remained a seemingly insurmountable
obstacle, but with the development
of a new and greater silk market there
began to enter another element ; speed
to satisfy fashion.
This aided the Industry in Califor
nia, for the new shade or design pro
claimed by Paris could be transmitted
to California by cable and the novelty
placed on the counters of California
stores whUe it still was a novelty.
College Records Plant ,
Life of Southwest
Claremont, Cal.—Mounting of 76,000
specimens of the botanical life of
southwestern United States,
seating five years' work, has been
completed by the plant department
of Pomona college.
In making this announcement Dr.
Philip A. Munz, head of the botany
department, declared the herbarium to
be one of the largest In the country.
Two years will be required to mount
the remaining 174,000 specimens which
have been collected. Efforts will be
made to mount 50.000 each year until
the array of 250,000 varieties Is
pleted.
Ranchers, amateur botanists an« 1
school teachers from
repre
com
over the
southwest visit the Pomona herbarium
to Identify new weeds or native
plants. Special lines of study are con
ducted by students and teachers from
virtually all sections of the country
using research statistics gleaned from
botanical specimens on exhibit here.
Women Fewer as Men
Increase in Japan
Tokyo.—The female population of
Japan with reference to the ratio to
the male population. Is decreasing,
figures of the last national census dis
close. The census gives the popula
tion of Japan proper (excluding Sag
halien, Formosa and the South sea
possessions) as 59,736.704, an increase
of 3,700,060 in five years, or an aver
age annual increase of about 750,000.
Of the total population 30,012,820
are males, exceeding the number of
females by 288,936. This means 100
females for every 101 males. Five
years ago the ratio was 100 females
for every 100.4 males.
The density of the population is
shown to be 157 for every square kil
ometer.
The city of Osaka leads all other
cities in number of population, which
Is 2,114,809, followed by Tokyo's V
995303, Nagoya's 768,560, Kyoto's 679,
976, Kobe's 644,212 and Yokohama's
406,888.
Cancer Did Not Kill
Napoleon, Says Physician
Leeds, England. — Napoleon the
Great did not die of cancer, declared
Sir Berkeley Moynlhan, a well-known
surgeon of Leeds, addressing the
Leeds Luncheon clnb.
"I have had the opportunity of ex
amining the viscera of Napoleon and
found that there was absolutely no
trace of cancer," he said.
Sir Berkeley, speaking of the in
crease in cancer of the tongue, caused
chiefly by smoking, said:
"At present women are almost ex
empt, but I think they have a future
in that direction, in view of the rapid
spread of the smoking habit among
girls, their mothers and their aunts."
Beggar Hires Attorney
to Protect His Rights
Dallas, Texas.—To protect his
"constitutional" rights to beg, an
aged man reputed to be worth
$7,000, hired an attorney to de
fend him in court here.
The beggar was under arrest
for the second time. Despite
his attorney, however, be was
fined and sent to the work
FIGURES ON AGE OF
EARTH ARE REVISED
Billion and a Half Yean It
New Estimate.
Austin, Texas.—Geologists generally
have accepted the comparatively re
cent calculation of physicists that the
age of the world is approximately
1,500,000,000 years, according to Dr.
Charles Schuchert, professor emeritus
of paleontology at Yale university,
who is giving a special course in
stratigraphic geology at the University
of Texas this term.
"As for the age of the earth, our
conceptions have been greatly altered
by the work of the physicists daring
the last twenty years," Doctor Schach
ert said. "The best calculation of the
earth's age comes from the rate of dis
integration of radium-bearing minerals
and, on that basis, the age of the
earth now is estimated to be not less
than 1,500,000,000 years. Such a vast
length of time is beyond our concep
tion.
"A century ago it was almost uni
versally held that the earth was
about 5,600 years old. Through the
rate of disintegration of radium-bear
ing minerals all of our older calcu
lions have been greatly altered. Until
this discovery was made and worked
out geologists the world over held
that the age of the earth was of the
order of about 125,000,000 years.
Basis of Calculation.
"This calculation was based on the
amount of salt in solution in the
oceans and the present rate of new
supplies yielded by the rivers flowing
into them. The rivers today, however,
are yielding a greater annual average
of this salt than was the rate daring
the geologic ages, and geologists later
began to think of the age of the earth
as something like 800,000,000 years."
Doctor Schuchert said that recently it
was widely believed that oil produc
tlon would play out, or at least be
vastly reduced during the next 25
noted eeoloelsts
years, but that many
now saw no fear of an immediate ex
haustion of this natural wealth.
"A few years ago predictions were
made by the best geologists that the
peak of production had been reached,"
he continued. "As yet, however, no
decline has set in, but of course, soon
er or later the supply of liquid pe
troleum will be exhausted. Even so,
there are vast amounts of shales hold
ing oils which can be extracted
through distillation.
"More modem methods have been
adopted recently by which a greater
quantity of oil is obtained from
given field than formerly," he said. "In
Pennsylvania old wells which were be
lieved exhausted have been revived
by pumping water or air into the old
or newly ones,
forcing up more of the oil reserves.
It is widely held that only about 25
per cent of the oil of a given field la,
so far, brought to the surface. Sup
pose that by the adoption of im
proved methods this could be in
creased to 50 per cent, it would mean
an enormous addition to production.
Old Theorie« Discarded.
"With the progress of scientific re
search and discoveries some of the old
theories as to the origin of petroleum
have been placed In the discard. One
of these is the old belief that the nat
ural oils are of volcanic origin. It Is
now well known that petroleum is the
end residlura of once living things and
chiefly of marine plants, although
some of it Is also of animal origin."
Doctor Schuchert evinced much in
terest in the information that has come
to him of the possible potash wealth
of Texas.
"I understand that in the oil ex
plorations in the western part of
Texas potash salts have been found
over an extensive area," he said. "If
potash is present in workable quan
tities it means a tremendous wealth
to the state, even long after the oil
Is gone. Not only is peffash in great
demand as a fertilizer, but enormous
quantities of it are used In the chemi
cal industries. Nowhere In North
America are the Permian beds better
developed than in the semi-arid re
gions of western Texas and nowhere
are there greater supplies of gypsum
and table salts."
Air Passengers Sleep
on London-Paris Trip
London.—Lulled by the ceaseless
drone of engines, so high in the air
that there is little sensation of speed
and with landmark« of England and
the continent far below, many air pas
sengers, It is found, fall asleep while
In planes between London and Puis.
To provide greater comfort for theee
mid-air nappera, a new armchair hoe
been designed for giant air-exprees
planes now being constructed.
Luxuriously upholstered, the new
seats have high sloping backs and are
fitted with softly-padded head rests.
These will pillow the head of the trav
eler who wishes to contemplate how
seasick be would have been in a cross
channel steamer or will ease the agony
of air-sick passengers sweeping along
I in the mists or sunshine high above
load and sea.
Want New Name
New York.—BogarfYing the term
"waiter" as of mental significance,
which does great injustice, the United
Restaurant Owners' association I« to
conduct a prize contest ter a
lb
ti-.'
Ronan —Contract let to enlarge lo
cal ice plant 22
FARMS WANTED FOR CASH—
Describe fully and give beat price.
C. Roller, 1016 Sixth St., San Diego,
8t-A2
Calif.
FOR SALE—4 used Delco Electric
Farm Lighting Plants. 1 used West
ern Electric Farm Lighting Plant.
These plants are offered at from
$225.00 up, and represent costs up to
$1,600.00. Every one of them is a
bargain. For terftis and other parti
culars see or write to W. T. Lawson,
333 South Bozeman Avenue, Bozeman,
Montana.
LEGALS
NOTICE
The National Bank of Gallatin
Valley, located at Bozeman, in the
State of Montana, is closing its af
fairs. All note holders and other
creditors of the association are there
fore here% notified to present the
notes and other claims for payment.
Dated April 5, 1926.
O. A. LYNN, Cashier.
(First publication April 9, 1926)
(Last publication June 4, 1926)
J. Wallace Marshall, Guardian of
the person and estate of James Wal
^ ace Marshall, Jr., George Nichols
Marshall and John Laurie Marshall,
Mmors > havu% this day filed his peti
tion herein praying for an Order of
Sale of all the real estate belonging
to said wards, to-wit:
Lot Seven (7), in Block "A," Orig
inal Townsite of Bozeman, together
with the tenements and hereditaments
thereunto belonging,
And it appearing to this Court that
it would be beneficial to said wards
that said real estate should be sold for
the purposes therein set forth,
IT IS, THEREFORE, ORDERED
by the Court that the next of kin of
said wards, and all persons interested
in the said estate, appear before this
Court on Saturday, the 24th day of
April, 1926, at 10:00 o'clock A. M. of
said day, at the Court Room of said
Court, at the Court House, in the City
of Bozeman, County of Gallatin, State
of Montana, and then and there show
Order should
IN THE DISTRICT COURT OF THE
NINTH JUDICIAL DISTRICT OF
THE STATE OF MONTANA, IN
AND FOR THE COUNTY OF
GALLATIN
In the Matter of the Estate and
Guardianship of
James Wallace Marshall, Jr., George
Nichols Marshall and John Laurie
Marshall, Minors.
ORDER TO SHOW CAUSE WHY
ORDER OF SALE OF REAL
ESTATE SHOULD NOT
BE MADE
granted to the said Guardian to sell
all of the foregoing described real es
tate belonging to said wards.
IT IS FURTHER ORDERED that
a copy of this Order be published, at
least, once a week for three (3) suc
cessive weeks before said day of hear
ing in the Bozeman Courier, a weekly
newspaper, printed and published in
the City of Bozeman, Coanty of Gal
latin, State of Montana.
B. B. LAW, District Judge.
Justin M. Smith, Attorney for the
Guardian.
(First publication March 26, 1926)
(Last publication April 16, 1926)
NOTICE FOR PUBLICATION
Department of the Interior, U. S.
Land Office at Billings, Montana,
March 25, 1926.
NOTICE is hereby given that Oscar
W. Fowler, of Bozeman, Montana,
who, on Nov. 7, 1922, made Add'l
stock-raising Hd. Entry 026268, for
merly, No. 015596 Bozeman for S%
N%, Section 8, Township 2 S,, Range
7 E., Principal Meridian Montana, has
filed notice of intention to make final
Proof, to establish claim to the land
above described, before George C.
Davenport, U. S. Commissioner, at
Bozeman, Montana, on the 11th day of
May, 1926.'
Claimant names as witnesses: P. E.
Shane, W. E. Paxton, Walter Pox,
Jacob Carolus, all of Bozeman, Mon
tana.
H. B. DRUM, Register.
(First publication April 9, 1926)
(Last publication May 7, 1926)
NOTICE OP TIME APPOINTED
FOR PROVING WILL, ETC.
In the District Court of the Ninth
Judicial District of the State of Mon
tana in and for the County 6f Gal
latin.
In the Matter of the Estate of
Annie Hunter, Deceased. ,
Pursuant to an Order of said Court,
made on the 6th day of April 1926,
notice is hereby given, that Saturday
the 24th day of April 1926, at 10
o'clock A. M., of said day, at the Court
Room of said Court in the City of
Bozeman, in the County of Gallatin,
has been appointed as the time and
place for proving the will of said
Annie Hunter, dressed, and for hear
ing the application of Mabel Hargrove
for the issuance to her of letters tes
tamentary when and where any
person interested may appear and
contest the same.
Dated April 6, 1926.
FRED LAY, Clerk.
By James Wm. Moore, Deputy Clerk.
(First publication April 9, 1926)
(Last publication April °3. 1926)
INSTRUCTION
N IN VIOLIN
pt. C,
RAILWAY TIME-CARD.
' •
NORTHERN PACIFIC TIME TABLE
MILWAUKEE TIME TAELS
Going West
No, 1—North Coast Ltd—4:00 a. m.
No. 3— N. P. Express
No. 41—Local
No. 219—Local _
Nos. 1, 41 and 219 run ria Butte;
No. 1 carries paying passengers from
and to points scheduled to stop. No.
1 and No. 3 will atop at Manhattan
and Belgrade to let off passengers
from points east of Billings.
Going Bast
No. 2—North Coast Ltd..—2:52 p.
No. 4—Atlantic Express—1:17 a. m.
No. 42—Miss. Valley Ltd—.. 1:17 a. m
No. 220—Local
No. 2 carries paying passengers
from and to points scheduled to stop.
3:55 p. m.
:66 a. m.
.3:16 p. m.
m.
10:60 a. m.
MENARD
6:30 a. m.
.. 9:46 a. *n
4:00 p. m.
7:46 p. m.
Lv. Bozeman
Ar. Bozeman
Lv. Bozeman
Ar. Bozeman
BUSINESS AND PROFESSIONAL DIRECTORY
1
THE BOZEMAN COURIER
Published By
THE REPUBLICAN-COURIER CO.
BOZEMAN, MONTANA
Entered in the Postoffice at Boze
man, Montana, as Second Class Matter
Under the Act of March 3, 1879.
SUBSCRIPTION RATES BY MAIL
Payable in Advance
One year _
Six months _
_$2.00
1.00
Three months
WANT-AD RATES
One $me, per word_
Two times, per word._
Three times, per word.....
Four times, per word
Minimum
_ 02
.03
.04
..05
...25
CREAMERIES
PURITY BUTTER IS
BETTER
IT SCORES 90 OR HIGHER
WE PAY HIGHEST PRICE
FOR EGGS AND CREAM
Gallatin Milk & Produce Co.
14 No. Willson-av. Phone 66i
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H. HARDESTY & SON
Transfer ft Storage
Crating and packing of household
goods. Country moving a specialty.
Use the Yellow Trucks
318E. Main.
Phono 564
SHOE REPAIR SHOPS
AUTO TOPS
REPAIRED
When yea need you
Auto Tops Repaired or
New Tops pat en, Jast
drive to—
MORTON'S SHOE SHOP
3« 8. Willson (Central Ave.
Our Prices are Always Reasonable
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W. T. HOGG
Transfer and Storage
Baggage, Piano, Safe and AB Kinds
of Heavy Hauling. Special atten
tion given to the moving of house
hold goods. We also unload care
of conL
25 N. Traey-Avn.
Phene 34
GEO. C. DAVENPORT
Ü.S. COMMISSIONER
Land Fifings and Proofs
Office Michigan Blk.
Bozeman. Montana
Sleep To-night
A good Bight»* tmt
Will pul you in «hapa
lor tb day® 4 '*
PR. Ml
.
Leave Baseman for Three Fork»—
8:80 a.
(Via Belgrade Mondays, Wadrwo
days and Fridays only)
Arrive in Bozeman—
No. 116
(Does not go via Belgrade oa
return trip from Three Forks)
No. 11«.
3:30 pw
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GALLATIN VALLEY ELECTRIC
W es tb ou nd—Departs
No. 32—Daily_
No. 34—Daily.
6:36 a,
4:00 p.
Eastbonnd—Arrive
No. 31—Daily ..
No. 83—Daily .
-•_ 8:05 a. act.
- 6:00 p.
TRAILS—SATURDAY ONLY
Ar. Menard _
Lv. Menard _
Ar. Menard_
Lv. Menard _
- 8:00 a. m
- 8:00 a. ns,
- 6:00 p. m.
-6:60 p.
PUBLIC ACCOUNTANT
B. F. HOLCOMB
Certified Public Accountant
Expert Income Tux Servie*
Systems Installed, Audit*
Examinations
412 Commercial Nat*l Bank Bldg.
Phone 731
a*
PICTURE FRAMING
We specialize in framing of
all kinds
ALEXANDER ART CO.
OSTEOPATHS
DR. W. B. DEAN
Osteopathic Physician
Office Phon* Ä2-W
Rea. Phone 182-J
Commercial National Bank Bide*
?.
DR. W. C.
Osteopathic Physician
and Obstetrician
Graduate American School «I
Osteopathy, Kirks ville. Mo.
Martin Block
r.
37 West Main St
Phone 371
OPTOMETRISTS
DONT NEGLECT YOUR STBS
"God's Most Precious Gift to Mas,*
"SEE SIB88"
A. K. Siees, Optometrist
Room 4, Story Block
87 East Main
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LESLIE E. GAGB
Optometrist
Eyes Examined—Glasses Fitted
Manfg. Optician
Glasses repaired and broken I
replaced the same day.
20 S. Black
Phone 425-W
t
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WATCHMAKERS
JEWELS*«
F. W. HANCOCK
WATCH. CLOCK AND
JEWELRY REPAIRING
Clocks called for
ROBCHBR*8 DRUG STOKE V Î
r
sr. i
W
ATTORNBYS-AT-LAW
•
R. F. BUNKRR
A tto r n ey-at-Law — Notary
Bank
COAL AND WOOD
BONN ICE COMPANY
Coal, lee and Dry Wend
iMwt on a hard grade of Coal,
long fire
" s: