Newspaper Archive of
The Billings County Pioneer
Beach, North Dakota
November 10, 1960     The Billings County Pioneer
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November 10, 1960

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BILLINGS COUNTY PIONEER 'ROBOT' POSTOFFICE--VLsitors throng through the natlon's first automated postofflce, in Providence, R.L The $20 million structure is a factory-like maze of overhead con- veyors and chutes which eliminate manpower. 56 Small Loan Outfits Enter ND Picture Fifty-six small loan companies have been licensed to do business in North Dakota under the small loans act approved by votens June 28. Control of the act is under iurisdiction of G. H Russ Jr state examiner. Russ said five applications are pending. He esti- mated there may be 70 to 80 firms licensed by the end of the year. Most of the firms are located in Grand For~k,~, Fargo, Minot and Bismarck. Grand Forks and Fargo have 13 companies licens- ed. Minot 11 and Bismarck I0. There are three in Wflliston. two in Dickinson. and one each in Devils Lake, Jamestown, Man- dan mad Wahpeton. Head of the small loans divis- ion is A T. Hager, deputy ex- aminer. Hager was formerly in the investment business at Grand Forks and now lives in Bismarck. His office was set up Aug. 1. Actually provisions of the act went into effect July 28 of this year. Before the state had to lpecific regulations pertaining to small loan companies. Hager started the division from scratch. He drew up forms and wrote a rules and regulations pamphlet interpreting the act which has been ~pproved by the atorney general and has the full force and effect of taw. l HOME FROM MOSCOW LOCKUP--The two Americans who were held for "spy" activities for seven we~