04 Sep 1908
Page 1
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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Kingsbury County Independent
Location
De Smet, South Dakota, United States of America
Date
Sep 04, 1908
Page
1
The article questions the rushed emergency currency effort and rail bonds. It notes Secretary Cortelyou sought I C C data on railroad bond values, a move seen as prudent, while criticizing the move as reflecting the law's absurdity and delaying a decision.
The state board of railroad commissions went to St Paul last week to confer with Minnesota authorities on establishing grain grades. They joked that last year they might have used a postal card to obtain Minnesota grades and rules, saving travel costs.
W. J. Bryan argues the republican party cannot reform while in power and must endure a wilderness period. He suggests the democratic party has endured long enough and should emerge, though admitting feeding a starving populace is delicate and dangerous.
Fred Wright of the De Smet Independent argues Taft rejects the bank deposit guarantee in his acceptance speech, claims he opposes the South Dakota Republican platform and should be expelled from the party, while Brookings Press defends Taft as a needed four year president.
The Sioux City Tribune notes two opposing arguments against deposit insurance. It argues that since losses averaged only 2.17 dollars per 100 deposits over 43 years, a small fund might suffice and questions the need for a large guaranty. The piece points out inconsistency and calls for protecting deposits to curb panics that affect industry.
The piece analyzes Andy Lee's gubernatorial run on the Democratic ticket amid intense Republican factional fights. It suggests a hoped split might boost Lee’s Senate chances, but notes the Republican primaries later unified the party reducing any electoral edge. The outcome shows no viable path for Lee to win either office.
A proposed Pure Goons Bit would extend the pure food model to all products. It would require manufacturers to label ingredients such as wool content or paint components like lead and oil, protecting consumers from fraud. Hull of Iowa plans to introduce the bill in Congress and it warrants broad support.
The state board reports total valuation at 283,696,268, up 23,066,191 from last year. Real estate leads at 201,178,542 with farm lands up 13,092,743 and town lots up 1,818,388. County changes vary, Brown County tops with 14,158,656. Kingsbury at 6,987,835. several counties show double digit increases while mineral lands drop 614,525.
The South Dakota State Board of Agriculture invites all to attend the 1908 state fair in Huron from September 7 to 11. Emphasizing state pride, the notice urges loyalty to SD exhibits over competing interests in Sioux City, calling for broad newspaper condemnation of the rival city’s attempts to divert attention and support.
Questions of character and destiny are discussed with emphasis on moral choice. The piece argues final fate rests with God while a father may mistake a son’s path. wisdom exceeds fame and wealth, and holiness surpasses worldly wisdom.
The Sioux Falls Press reports that the Crawford administration will net about 200000 in annual railroad taxes next year. The state board of assessment fixed railroad value at 28143120 with 759 miles of new lines added, increasing old-line valuations by about eight million dollars. The 1906 county levy averaged 24.80, suggesting steady railroad tax gains under Crawford and likely continuation beyond. The article contrasts this with proverbs and a rural anecdote about job security.
Financial journals say Sears Roebuck & Co. lost 11.6 million in the past year and used 0.8 million from last year’s reserve to pay interest on preferred stock. The company had been indicted by a federal grand jury for fraud.
The Tenth Legislature proposes an amendment to Article 20 increasing the attorney general's salary to match other state officers. It will be voted at the general election on November 3, 1908, with options Yes or No. A later line mentions Gold Medal Flour at the Farmers Elevator in De Smet.
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