EXPERIMENTAL
COMMUNISM IN
NORTHDAKOTA
FARGO, N. D., Aug. 4 (Corres
pondence of Associated Press).—The
industrial program of the National
Non-partisan League, which was en
dorsed by the voters of North Da
kota at a special referendum election
on June 26, is being put into opera
tion.
The Bank of North Dakota, in
which all state, county and municipal
funds are to be deposited under the
new laws, is in operation, but is not
yet ready to make loans and handle
deposits on a big scale.
The bank now employs twenty per
sons, with an annual payroll of $50,
000. The bank’s resources will be
more than $31,000,000. Public funds
totalling $21,000,000 have been re
ported, and there are state bonds of
$10,000,000. Only about $100,000
worth of bank bonds have been sold
in the state, but bank officials ex
plain this by saying investors held
off pending the outcome of the refer
endum. The bank had planned to
sell $500,000 worth of bonds.
When the institution is in full oper
ation a statement similar to those
from the Federal Reserve banks will
be issued monthly, outlining condi
tions over the state. J. R. Waters,
formerly state bank examiner, is head
of the bank, and F. W. Cathro, for
thirty years a North Dakota banker,
is director general.
The bank will provide funds for
carrying out the industrial program,
and an industrial commission will
control the state-owned industries to
be established.
The Home-Building Association,
which will provide funds for persons
desiring to build homes, is expected
to be in operation soon. The Mill
and Elevator Association, in charge
of the league’s wheat marketing and
distribution system, has been inspect
ing mills and elevators with a view
to purchasing two or three to start
the experiment. The state is not ex
pected to start an expensive building
program for several months.
Those directing the work express
confidence that every phase of the
program will meet with success, des
pite strong opposition which they say
is being offered by league opponents.
OVER TWO MILLION IN
EXPORTS DURING JULY
Including shipments of canned sal
mon valued at $2,094,048, more than
half of the total value of exports from
Alaska products in July, the following
report has been issued by the Cus
toms House for the month of Jul^:
Bones, hoofs, horns, etc....$ 179
Curios . 1,183
Fertilizer . 4,278
Fish—
Fresh, other than salmon.. 81,977
Dried, smoked or cured.... 3,870
Kippered herring . 121,124
Pickled . 46,477
Salmon—
Canned . 2,094,048
All other . 434,553
Shell Fish
Clams . 47,084
Shrimps . 8,500
All other fish and fish prod
ucts . 59,886
Furs and fur skins . 39,346
Gypsum . 3,000 ~
Oils, animal, fish and other 12,278
Copper . 483,580
Lead . 3,309
Stone, including marble.... 14,000
All other articles . 1,884
Total value of products of
Alaska .$3,461,136
, Articles of growth, produce,
or manufactui-e of U. S.
returned . 133,566
Total value of foreign mdse. 45,846
Total value of shipments
of merchandise.$3,640,548
Among the exports included in “All
other articles,” are 568 pounds of raw
wool, valued at $397. Other articles
included in that item are manufac
tured furs, valued at $1,060; sheep
pelts, $39; reindeer skins, 40 pounds,
$10; lead bullion, $378, making a to
tal of $1,884.
The total value of gold and silver
shiped from the territory by Divi
sions follows:
First .$268,909
Second . 71,930
Third . 38,947
Fourth . 356,207
Total .$735,993
Of this, the silver was valued at
$19,874 and the gold at $716,119.
J. H. Ask, who has been working
at the Pybus^Bay cannery, died near
Ketchikan recently, after having
taken a long walk. He sat down on
a log to rest, and the supposition is
he succumbed to heart disease. He
is survived by a wife, and was 34
years old.
The well-known “Westinghouse”
electric heaters are now for sale by
the Northwestern Hardware Co.
Advertise in the Daily Times.
...
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| The times have brought new and trying problems to women— |
£ problems that have multiplied the cares of housekeeping. It has
|| devolved upon the modern woman to be mistress of many £
|| things. While acting as mother ancJ business manager in the £
; | home, she must give time to many more oroblems than hereto- |
|| fore. £
| To save time and meet these many demands being made |
| upon her, the modern woman must simplify her household meth- |
| ods. This she can do by cutting out the disagreeable and irk- |
£ some wash day, by availing her self of the help the MODERN i| I
I LAUNDRY offers. 1
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| The Modern Laundry, with its modern equipment, effi- |
| cient and capable employes, courteous and accommodating man- I
I agement, is well qualified to assume, for womankind in particu- 1
| lar, the burden of the family washing. Instead of the old meth- £
| ods of boiling, bleaching and the washboard, the use of strong 1
| soaps, lye and injurious soap powders—all of which tend to de- 1
I stroy the fiber, the Modern Laundry employes scientific methods I
| of sousing, rinsing and sterilizing—returning the clothes sweetly I
£ clean and beautifully finished. #§,#* ■* * , £
| If you seek leisure for more devotion to your children, the do- 1
| ing of other things more enjoyable and far more profitable, and |
| increased participation in the bigger things of life, could anything 1
| be simpler than packing your troubles in a laundry bag and send- 1
| ing it to Jones’ Modern Laundry? The cost is small in compari- |
|i son to the benefits and satisfaction your receive. £
|| Call up Phone 66, and our man will promptly be at your serv- 1
£ ice. £
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The Modem Laundry
Phone 66
£ £
—————
In placing 600 shares of capital stock at $25.00 per
share on the market, the HILLER Y-SCOTT COMPANY
wishes those interested to consider the following facts:
FIRST
This is a home concern, 90 per cent of the stock be
ing owned in Cordova. The plant is located at the City
Dock and employs local help. The management is
based on general training of a conservative nature, with
several years of active contact with the fishing industry. j
Further, the important operators are experienced, efficient
cannerymen and fishermen. Mr. Whitcomb, who is in
charge of the season’s operations, has been in the salmon
canning business twenty-four years and knows it.
SECOND
Every shaie of stock is represented by its equiva
lent in physical value. There is no watered stock for
promotion, nor is the company over-capitalized. From
a physical valuation of more than $39,000.00 Messrs.
Hillery and Scott are offering $1 5,000.00 in the form of
stock. In other words, there will be only $39,000.00 in
stock outstanding.
THIRD
The stock for sale is only released for the reason that
the present short run of pinks has apparently made it im
possible to make necessary improvements out of this
year’s profits.
FOURTH
It is quite possible that a dividend may be declared
this season. Preparations for the silver salmon run have
been made. The output of at least five good traps, with
the independent catch, should produce a fair pack of sil
ver or medium red salmon, which will readily sell, owing
to the general limited pack.
LASTLY
New canneries on Prince William sound are either in
process of building or contemplation at the present time.
An operating cannery is an attractive investment which
seldom is offered to the public. It is a safe statement that
no holder of HILLERY-SCOTT COMPANY stock would
part with his holdings for less than 100 per cent advance
over purchase price by the opening of next season.
Subscriptions will be received at the Cannery Office,
on City Dock, or at the office of Mr. Kelly Robinson, in
the Ostrander Building.