The Bismarck Tribune Newspaper, January 18, 1928, Page 8

PAGE EIGHT : THE BISMARCK TRIBUNE ELEVATOR MAY BE OF GREATER SERVICE TO ND Fact-Finding Group Says Man- agement Should Be Allowed to Work Out New Policies Just before the close of the spe- cial session of the legislature, called by Governor A. G. Sorlie principal- ly to investigate the affairs of the state mill and elevator and deter- “sa whether implied charges of dishonesty and attacks upon the in- t.crity of the chief executive and the men in charge of the mill were justified, the senate fact-finding committee presented a statement in which the members asserted that they had not in any manner ques- tioned the honesty and_ integrity of the governor and the men in ac- tive charge of the management of the mill, thereby giving the gover- nor a clean bill as far as such charges are concerned. The committee stated that it believes the terminal elevator will be of increasing service to the peo- ple of North Dakota if the state mill. and elevator is left undis- tributed and the management is given an opportunity to work out its new policies. The Statement In Full The statement, which was ordered printed in the senate journal, fol- lows: “In view of the large amount of controversy that has taken place @ver the state mill and elevator Since the appointment of your sen- ate committee at the last session of the legislature, we felt that, be- cause of our close contact with the affairs of that institution and be- cause of this large amount of con- treversy, it may not be amiss for our committee to make some obser- vations relative to the present sit- uation. ‘ “The committee calls attention to the last paragraph of the maée by the committee on August 85, 1927, which reads as follows: ““These reports to the gov- efnor were based on the record of the past year and it is not difficult to find fault with the way things have been handled after the work has been done. We have not felt that it was the function of the committee te find fault with past methods, bet that we should determine frem the records of the past, Policies which would operate te better conditions jn the fu- ture. And it is ofr opinion that the management should be given a fair aati d to tett out the changes that have been made.’ “We ask you and we ask the people of this state to realize that the matters which have been dis- cussed during this been the discussion of policies which were discontinued more than six months ago, and of transactions which are more than a year old. The governor, as manager of the (STATEMENP FOR PUBLICATION) Published in accordance with pro- yisions of Section 15 of Chapter 199, Laws of 1923, requiring all treasur- ers between the first and tenth day - of the months of January, May and ptember in each year to publish once in some newspaper in the coun- ty, the names of depositors, amount of money on deposit and the amount of bond furnished by such depository, Name of Bank or Depository, Bank of North Dakota. Amount of Deposit, $189.11 Description of Deposit, Checking account. Bate of Interest, checking 113 per « Emil Sabot, Treasurer or of the public funds of Gi Burleigh County, Bismarck, North Dakota, do solemnly swear that the alove report is correct to the best of my knowledge, informa- tion and belief, as of this 11th day of Jannary, 1928, MRS. EMIL SABOT, TREASURER'S DEPOSITORY REPORT. Published in Compliance with Sec- tion 15, Chapter 199, of tho Laws of 3225, regarding deposits of all Public wi Name of Bank, Bank of North Da- kota, Sterling State Bank. Deacription of Deponit Bank of North Dakota, Checking Account, $7144, at 11g per cent in- terest. Sterling State Bank, Checking Ac- ppunt, $69,00, I, K. A. Ersland, Treasurer of Dris- coll Township, Burleigh County, North Dakota, do hereby certify that the foregoing is « true and correct statement of deposits for period end- ing January 1, K. A. ERSLAND, Treasurer, ‘TREASURER'’S DEPOSITORY REPORT. Published in Compliance with Sec- tion 15, Chapter 199, of the Laws of pe regarding deposits of all Public ‘unds. Namo of Bank, The Wilton Bank, ‘Wilton, X. $2,000.00, Personal. A. elson, Treasurer of Wilson Township, Burleigh County, North Dakota, se hereby certify that the foregoing is a truc and correct state- ment of deposits for period ending Jan. 10, 1928. A. E. NELSON, ‘Treasurer, marck Saturday ni Scene From ‘Blossom Time’ This famous musical production will be at the city auditorium in Bis- ight, January 21. mill and elevator, has been criti- cised, and justly so, because these; changes were not made earlier.| Your committee has perhaps been! in a better position to realize the! difficulties under which the gover- nor worked in seeking a solution of the problems which were pointed out by your committee. Mill Can Be of Greater Service “Our committee feels that the ef- forts of the management in estab- lishing a terminal elevator in this state is making good ground and we believe that further advantages will be obtained which will enable the state mill and elqvator to be of greater service than it is now. “This inquiry has established that 1927 shows a splendid improv ment in financial gain and coordin- ation in the policies in the institu- tion, and we believe that it is the sentiment of this body that the state mill and elevator should be left un- report | P' session have! chi disturbed to see how these new olicies will work out, and that if it is permitted to work out, the terminal elevator and state mill will be of increasing service to the people of this state. “In conclusion we believe that this committee should in fairness state to this body and to the'peo- ple of the state that we have not in any manner questioned the hon- esty and integrity of the governor and the men in active charge of the management of the mill. Particu- BYERLY URGES USE OF CARE IN VALUING LANDS; County Appraisal Boards Must Be Sure of Land’s Worth in Making Reports Caution in making appraisals of land on which loans have been asixe from the state board of university fand school lands i. being urged upon county appraisal boards by W. E. Byerly, state land commissioner. The Bank of North Dakota, fed- eral land bank and most private loan companies refuse to Icar. money on farm land during the winter months when the ground is covered with snow, Byerly pointed cut in a ciruclar letter to county auditors. The reason, he said, is that under wintey cond:tions it is “practically impossible to make an intelligent appraisal.” Although the land board doesn’t want to insist in the discontinuance of winter appraisals entirely, it in- sists on reliable infoumation and eppraies boards will be exepcted to hold up further appraicels until they can examine the land. The only exception is that one or more mem- , bers of the appra:sal toard may stand responsible for an appraisal if they are already familiar with the |} land on which a loan is sought. | Byerly specifies, howe: er, that “the | department looks with disfuvor on any appraisals based on familiarity with the land unless the board acts from actual knowledge and not from the’ knowledge of a third or any in- terested pa-ties.” Wants First Class Security The departinent wants to make every reasonable loan asked of it but it also wants iirst-c! security, Byerly said. “In other werds, we want to help the farmer so that he will stay in the state, and uot buy the land sc that he wil’ want to ileave the state,” Byer.v said. His reference to buying the land, | he explained, is due to the fact that in some cases the land board has been deceived as to the value of land on which a loan was made and grat.ted so large a loan that the owner felt he had obtained as much ina loan as he would have beengabie to get had he offered it fox sale. In dj all such instances the loans have larly, in reference to Mr. Webster, the former wheat buyer, who has been made the subject of much criticism, we wish to state as forci- bly as we can that any insinuation of that nature is absolutely un- founded. Mr. Webster was merely following the established practices which had been in vogue in previ- ous years at the mill, and are still used by many of the larger milling concerns of the country, in that they feel it is less expensive to pur- ase large quantities of the kind of grain they wish to obtain from commission houses rather than to go direct to the producer or coun- try elevator. While this might in some instances be a satisfactory practice among private concerns, yet this committee did not feel that the state mill could fulfill the func- tion for which it was built unless this policy could be changed to the policy of purchasing wheat directly from the producer or country ele- vator. _ “While we agree with the conclu- sion of the joint committee that no emergency existed at the mill and elevatoy justifying the calling of this session, yet we feel that the better understanding which has been brought about with reference to the problems ‘and possibilities of the mill and elevator will, in a large measure, justify this session.” Teapot Again ception at its rich, satisfying best. No batteries, no care, no worry. S ofall-electric a pioneer radio you “gadio’s richest voice” from instruments that have been “new” field. Says John Oscar Lux, Burnstad, N. D. Watson & Son, MeKenste, N. D. Elder Motor Co. Steele, N. D. L. H. Lewis, Dawson, N. 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