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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
Jan 22, 1919
Page
14
Ottawa envisions a population of 50 million within a decade as prairie lands could yield 30 to 45 bushels of wheat and 60 to 100 bushels of oats per acre. New land laws offer settlers favorable terms including down payments and staged payments, with government support for farm buildings livestock and improvements. Immigrant inflow is expected to surge, boosting development and export potential.
The report highlights unprecedented volume of business and per capita demand, low usury, and favorable rates that supported industry. It notes strict compliance with the national banking act, high earnings, no national bank failures east of the Rockies, and rapid growth in assets over five years.
The Comptroller reports wartime banking results from April 1917 to April 1918. National bank failures dropped to four with liabilities near $500,000, while overall national bank liabilities compared with failures show a dramatic drop. The report credits directors and stricter supervision under the Federal Reserve Act for prosperity and notes record earnings, expansion of resources, and increased deposits across national and savings banks.
By June 1918 deposits reached 11,879,000 up from 11,148,000 an increase of 311,060. The figures show strong growth in savings during the Liberty Bond period as many new depositors joined.
In Honolulu on January 21, reports describe Kilauta as the largest active volcano with lava pouring from its central fire pit into the old crater, merging several acres. The volcano has exhibited notable activity over the past year including a high lava level in January 1918 and a December overflow.
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