The Bismarck Tribune Newspaper, October 2, 1918, Page 8

ye SeXtion 182 in Article 12. osed Read carefully the proposed Constitutional Amendment reproduced on thispage— cS it is worthy of study. - Perhaps you have been MISLED TO BELIEVE this’ amendment would fix. the public debt limit at $12,000,000 (60 times the present limit). A careful analysis reveals the fact that Section 182, if adopted: “in the. ‘November election, as proposed, would open the way for a public debt LIMITED ONLY by the SPEED WITH WHICH BONDS COULD BEPRINTED: ,~- , “The State May Issue or GUARANTEE the PAYMENT OF BONDS . pro- vided that all bonds IN EXCESS of Two Millions shall be secured by first mortgages upon real estate in amounts not fo exceed one-half of its value. on Every person who owns a farm or home i in North Dakota is directly interested. A State Bond is a mortgage against all resources of the state and the property and earn: ‘ings of its citizens. oA \ “MAY ISSUE or GUARANTEE BONDS”: —Let’s. consden this. Ave you in ievos of the state “Guaranteeing” the payment of ponds of private corporations? The wey is’ being paved for just that. . ery Is this an effort to finance chain stores, banks: ckchadges mad: like enterprises of mushroom growth and questionable stability. : : thy ae eer “i Consider the Second Proposal— *, oh RE an not —“or upon real and PERSONAL PROPERTY of state pwned ulilities, ry provided further that the state shall not issueor "guarantee bonds uponPro- perty of State Owned Utilities, Enterprises or dndusires in excess of Ten, Million Dollars,”’ i EL peg tia MaboSh ~ + Otherwise, the sky is the limit. . Pe a Faas Can you conceive of loaning public money ap to the FUL VALUE of a property, —personal property at that? © ae And who would fix the value? in a - What’s the motte? What’s the. purpose? Was it not arava | in ‘séctet bye a . Socialist attorney? Are we not being urged to meope it bys men who own no property in the state? Seo JOIN T CAMPAI GN coMMri TTE] (Political ery é os Neighbors—Think It Over—Talk It Over - ae ene es See RES a WEDNESDAY, OCT. 2, 1918. ‘enterprises or industries in amounts not EXCEEDING ITS. VALUE, and \ \