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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
Jan 22, 1919
Page
6
Ottawa sketches new land laws to open farming on prairie and western lands. Settlers gain up to 20 years to pay, with 10 percent down and staged payments. Government covers home and farm buildings up to $1000, while improvements and livestock aid expected to boost immigration and development.
Banks nationwide report unprecedented business volume per capita demand and stable rates. Usury complaints decline as compliance with the national banking act improves. No national bank failures east of the Rockies. only one small California exception. Assets rise sharply over five years, outpacing the previous twenty-five years growth.
Comptroller reports 1917 18 war year saw only four national bank suspensions with about 500000 dollars in liabilities, while 1867 crisis had 158 suspensions. Net earnings rose to a record 2129 million for year ending July 1918, and deposits and resources increased across national, state, and savings banks amid wartime regulation and federal control.
By June 1918 deposits reached 11 879 000 against 11 148 000, an increase of 311 060 in depositors. The figures reflect substantial savings flowing into Liberty Lands during this period.
Honolulu reports Kilauta, the largest active volcano, shows sustained lava flow in its central fire pit. The past year has brought notable activity with the lava rising to its highest level in years in January 1918 and the central pit overflowing again in December.
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