The Bismarck Tribune Newspaper, November 2, 1918, Page 10

PAGE.10 |’ i BISMARCK DAILY TRIBUNE SATURDAY, NOY. 2, 1918.17" Sec. 182, Article 12. The State may issue or GUARANTEE the PAYMENT OF BONDS, etc. What Bonds will the State Guarantee? Whose Bonds will the State be asked to Guarantee? bonds any more than you, Mr. Taxpayer, can guarantee your own note. GUARANTEE. UUUATUTPEERPERLEUTSSEREERREREECEECEERROEAGEEEFLEDOCUUEEEERUGUESCEUERO SSS¢UCUHCEEEEREREOECUMPREECHCCEEOUCUCUORETEUED PEEECEG ERCECEEREGECECEEECECEELECEECEOOOEECTSAGOLCCEECENECSUELCELCORLEL PeERER LL at any price. ie ' = eee ie , | League Exchange, and the Bonds thus Guaranteed would become the Bonds of the State of North Dakota, | State of North Dakota. affect the validity of the State’s guarantee one iota Why? ULURERERERCEEOUEEGOGCERRECERCLECOUUAURPERERECSEUCCORNTIDEFERECQSECEE A ERCESASRED UL Ei Ec i Gisit THE OBLIGATION OF A CONTRACT. Mr. Townley is not a very big man—mentally or physically. But he is a very cunning man. says in his personal circular to all League members, dated Oct. 23, 1918: MMe ee | $ WITHOUT It is not the Bonds of the State of North Dakota, because, of course, the State cannot guarantee its own The Bonds intended to be guaranteed are the Bonds needed by the Socialist leaders to bolster up the wild cal financial schemes now in operation and others they have in mind. It is the Bonds of the League Exchange, the chain stores, chain newspapers, and other such “PROFIT PAYING” adventures the State will BE MADE TO res Take the League Exchange as an example of wildcat financeering. It is capitalized for $1,000,000. After being in operation three years it has managed to dispose of $87,000 of bonds to its members. Its bonds could not be sold on the market or to a Trust Company, Savings Bank or any other conservative financial institution : If a nice, complacent Commission was selected by a spineless Governor, and the Commission given the necessary authority by an EMERGENCY MEASURE, they could immediately Guarantee the Bonds of He and « every acre of land, every dollars’ worth of personal property, and every resource of the State of North Dakota would be mortgaged for their payment, and every bond thus Guaranteed will be a GOOD and VALID DEBT of the You can vote on the Socialist’s Referendum from now until doomsday and your adverse vote would not Because, the contract when made between the Commission and the League Exchange is a valid contract, and in the Constitution of the United States there is a provision that no State shall pass any law IMPAIRING | an ea on a The League Exchange Bonds are unsalable, capitalized at $1,000,000; but in a few days it can be capitalized at $10,000,000. With its Bonds then Guaranteed by the State of North Dakota they would sell like hot cakes. It it any wonder that Mr. Townley says “let us think it over together.” He wants you to think his thoughts. He (Political Advertising) “ “4 a, f 4 | | | | | | | | | | | | | | | | | | wets “I cannot discuss here in detail these amendments. I assure you they have been most carefully ~ '¥ drawn by thoroughly competent lawyers. *“ * * You have got to do your best or WE'LL lose those amendments and WE CAN DO NOTHING UNLESS THEY PASS.” We say, “THINK IT OVER FOR YOURSELF.” You, Mr. TAXPAYER, will pay the piper if ~ the amendments pass. ; Hs sa? Also keep in mind that the State’s Guarantee can be used without limit, Protect yourself NOW by voting against the amendments. i _e Make your vote effective by electing S. J. Doyle Governor. ‘ —JOINT CAMPAIGN COMMITTEE TPMT TTT TTT. TTT TTT TEE RCECERAED EME RER EMRE EACER EERE CCCCCCECCCUCCEECEECEEO ECCS EEE EERE EETEEEEEEELE EERE EEELEEEEEEECEEECOEGBCEGE F PGECEBGELE SV HUG CMADEEAERERUEMLEVEHUUEUROREUCURRMERLEREUEEE