26 Jun 1914
Page 1
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Newspaper
Saco Independent
Location
Saco, Montana, United States of America
Date
Jun 26, 1914
Page
1
The Farmers' Bulletin 593 outlines five rules to guide credit use. Key points: borrow for productive purposes with returns covering debt, align loan term with asset life, amortize principal, repay from earnings, and secure the lowest feasible interest. Emphasizes prudent, disciplined borrowing to avoid debt traps.
Mr H W Brown formerly cashier of the First State Bank of Cascade Mont reports ranchers earning from milking between forty and sixty cows to net about 15 dollars per head per month One rancher nets over 5000 dollars a year from 110 milking head A seven head herd increased by twenty head after twenty months with cream checks of 12 dollars per head monthly The Cascade Bank urged exact records to prove results and encouraged others to consider dairying
The St. Anthony Elevator Co. purchased the elevator here and the one at Beaverton from Cullen Elevator Co. this week. A fire started Thursday noon in the new post office building while electricians were wiring for lights under the roof. It was seen early and extinguished. had it spread, the building likely could not have been saved.
North Carolina mining records reportedly show 5 030 000 dollars in ore from Gold Hill Consolidated. Senators Overman Chilton La Follette and Cummins are named in stock investments and a Senate inquiry is announced to clear any impropriety. Chilton defends his mining holdings across several states.
President Wilson pushes the Administration trade commission bill and anti trust measures this session. Senator Newlands argues the country wants swift action, compares big business to a patient needing a capital operation and calls for a strong but corrective approach rather than punishment. He notes changes in the Attorney General and asserts the bill aligns with existing powers of the Bureau of Corporations amid a temporary readjustment in the economy.
The Treasury Secretary warns the income tax has teeth with aides ready to enforce. Calculations show a $21,000,000 shortfall in revenue versus forecasts. Experts expected $24,000,000 more from individual returns, but the dragnet has yielded only about half the projected amount, prompting Democratic anxiety over fiscal shortfalls.
The gas engine arrives for the electric light plant installed by Contractor Eline and touted as among the best. It will light and power a town thrice its size, with expert electricians and top material. Boost the town by adopting electric lights and improving business and comfort. Lost jewel Elgin watch with monogram J J on case and lapel chain. Contact J A Renahan. Lost registered letter for Frank Phillips. Shipping note: lost between Saco and Riders shear ing plant. Roy Wallis.
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