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WIDESPREAD MISERY RESULT OF CRASH Special to Producers News. DON'T PITY THE Lewistown, Dec. 10.-The First NaPOOR FARMER! tional Bank of Fergus County, the largest banking concern in central and eastern Montana went to the wall These Raised Horses Instead of Pole last Menday morning as the result of Cats, and Sold Them for $1.07 Per a run last Saturday by a huge crowd Head. of frightened depositors, who made a mad rush to get their money upon the Forsyth.-Ranchers in the vicinity failure of several small town State of Rosebud who have been shipping banks in Fergus county during the range horses to eastern markets reweek, which banks are the property of port receiving very lew prices for the First National Bank of Lewis their stock. One man who shipped a county. carload of 29 horses to a Nebraska $300,000 CAPITAL market received a check for $31.03 The First National Bank of Fergus for the carload of $1.07 per head County has a capital stock of $300,net. Other shippers of smaller un000, and a surplus of $100,000: it has broken horses did not get enough for deposits in the sum of $5,000,000 and them to pay the freight. The only was the principal bank of deposit in local buyers for this class of horses Central Montana and was a discount are the hog feeders, who are paying bank for several smaller banks in around $2.00 per head. Fergus county, all of which have reThe demand for small horses is a cently failed. thing of the past and there are thousFIRST COPPER BANK TO FAIL ands of these worthless animals on The Lewistown Bank is the first the ranges in Rosebud county. Stockbank known in the state as a "Copmen and farmers are putting forth bank to fail, and is the largest every effort to dispose of them as banking institution in the state to they are consuming the feed that succumb in the impending financial could be utilized in the production of and economic wave that is engulfing more beef. wool and mutton. the nation. DEPOSITORS DISAPPOINTED The first heavy withdrawals from the bank occurred Saturday and the NELS MOE KNOCKS news of the condition of the bank spread after the bank closed. Saturday and all day Sunday and Monday OUT STEVE O'BRIEN morning a long line of depositors waited for the opening of the bank Coming Young Pug Floors Hug to withdraw their deposits, when one Irishman in Second Round-Figh of the employes appeared in the door Sensational While it Lasted. and posted from the inside the notice to the effect that the bank had been closed by orders of the Board of DiHoldfast Sask., Dec. 23.-Before à rectors. The crowd was excited, packed house at Holdfast, Sask., O some were crying, while others were Saturday night, December 8th, Nel cursing. Many lost the saving of a Moe knocked out Steve O'Brien in life time, and it is understood that the second round of a ten round sched the bank will never be able to pay ule. O'Brien took the county of eigh out but a small fraction of the dein the first round. The match wa posits, the bank having taken huge fast and furious while it lasted losses as a result of deflation and the O'Brien stands six feet six and weigh agricultural wreck of the past couple over 200 pounds and has a reach o of years the result of the deflation 82 inches while Moe stands 5 feet 1 policy of the Federal Reserve Bank. inches and weighs 174 pounds with BELDEN RUINED reach of 78 1/2 inches. It was a cas 0. W. Belden, prominent in bankof speed and science against size ing and financial circles of the state, weight and strength. reported as ruined, as is also, W. L. Johnson, president of the bank, who T. U. MEETING has been considered one of the leading bankers of the state for many years. The W. C. T. U. met in its regula Among the other officers of the monthly meeting at the 8th grad bank are Rep. T. T. Taylor of Ferbuilding Tusday evening at 8 o'clocl county, who did yoeman service Mrs. E. T. Mitchell, the Evangelisti the legislature last winter in beSuperintendent led the meeting. Ro of the banking fraternity. call was responded to by giving som OTHER BANKS FAIL current event concerning Prohibition On Tuesday, following the failure Miss Isabel Malcolm read an inter the Lewiston bank, the State Bank esting paper on "The Significance ( of Moore and the First National Bank the "C" in W. C. T. U. and Mrs. C. C of Moore both were closed as a result Christianson gave a well prepare of the wreck and State Bank of Ray in paper on "Prayer and Faith-the Ke eastern part of the county also closed. note of Success." Come to the All of these banks were closely allied o meetings every second Tuesday with the First National of Lewiston. each month that the forces of goo Practically all of the small town may be as weil organized and a.tiv as the forces of evil. (Continued on Page Four)
