The Nonpartisan Leader Newspaper, May 26, 1919, Page 12

| { i 3 i The Manufacturing Facilities of The Standard - 0il Compan (Indiana) NDERLYING the manufacturing activ- | l ities of the Standard Oil Company (Indiana), are the same high ideals of service; the same thoughtful consideration of detail; the same earnest desire to do a big job thoroughly and well, which ani- mates the Company in every other branch of its business. Every facility which wide experience;ample resources, and the utmost skill of scien- tifically trained technicians can devise, or suggest, is provided to insure absolute uni- formity and the highest standard of quality in each of the many products manufactured by the Standard Oil Company (Indiana). The manufacturing facilities of the Com- pany are concentrated in three great refin- eries, one located at Whiting, Ind., covering 700 acres; one at Wood River, Ill., covering 600 acres; and one at Sugar Creek, Mo., covering 200 acres of ground. The Whiting works is conceded to be the most complete, the most perfectly organ- ized oil refinery in the world. Here prac- tically every product of petroleum is man- ufactured, and here are located the great re- search laboratories where the problems of manufacture are worked out and solved. The plants at Wood River and Sugar Creek are modern in every particular and so or- ganized as to use every part of the crude oil. This enables the Company to keep manufacturing costs at a minimum and to- supply its patrons with products of the highest standard at prices which otherwise would be impossible. The 7,000 -earnest, industrious, well-paid men and women who make up the per- sonnel of these three refineries, constitute, we believe, the most loyal, the most en- thusiastic, most efficient, industrial army to be found anywhere. The facilities alone for manufacture main- tained by the Standard Oil Company (Indi- ana) represent an investment of approxi- mately $60,000,000. This investment is growing constantly to enable the Company to maintain the high standard of service it has set for itself and which it believes the public is entitled to receive. Standard Oil Company (Indiana) 910 S. Michigan Avenue, Chicago, IIL . e : B — Mention the Leader When Writing Advertisers PAGE TWEIN'E Bank of North Dakota Adopts Rules Regulations Now in Effect at Federal Reserve Bank in Minneapolis to Guide State Institution EGULATIONS now in ef- fect in the Minneapolis Federal Reserve bank have been adopted, as far as they are applicable, ‘for the Bank of North Dakota, it was announced recently by the industrial commission. These rules were commended to the commis- sion by Manager J. R. Waters and Di- rector General F. W. Cathro.. The bank is to be divided into five co-ordinate departments with a di- rector at the head of each . depart- ment. The departments are to be the bond department, farm loans, credits, audit and the department of statistics and publicity. The heads of these five departments, with Mr. Cathro as chairman, will constitute the general finance committee. This committee will advise with the bank manager and director general on all business trans- actions of the bank and the manager and director general will be guided by the committee’s 1ecommendatxons The regulations follow: “The manager of the Bank of North Dakota shall be general representa- tive of the industrial commission in all affairs pertaining to the Bank of North Dakota, with such powers and authority as may from time to time be conferred upon him by the indus- trial commission. The manager shall appoint the directors and deputy di- rectors of each of the departments hereinafter established, subject to ap- proval by tle industrial commission and subject to removal upon orders from the industrial commission. “The director general shall, subject to the industrial commission and the bank manager, have gefieral supervi- sion over the affairs of the Bank of North Dakota and its management, and, acting through the several heads of departments, shall direct the man- agement of the bank. “There are hereby created five co- ordinate departments in the Bank of North Dakota, to be known respec- tively as the bond department, farm loan department, credits department, audit department and the department of statistics and publicity. The head of each department shall be known and designated as the director of such department. The duties of each department shall be such duties as are indicated by its title, together with such additional duties as may from time to time .be assigned to such de- partment by the regulations, bylaws, - rules and orders of the bank. DEPARTMENT DIRECTORS ARE FINANCE COMMITTEE “The directors of the several de- partments herein established shall constitute the general finance com- mittee, of which the director general shall be the chairman. The general finance committee shall confer and ad- vise with the director general and shall carry into effect such orders as may be issued by the manager and the director general. A majority of the general finance committee shall constitute 2 quorum. The general finance committee shall meet daily (Sundays and holidays excepted) at 10 o’clock a. m.; provided, that each daily meeting may be dispensed with for such day or days as may be deemed proper, and special meetings may be called when deemed proper by the director general. “The manager shall appoint a sec- retary to the manager, subject to the approval of the industrial commis- sion, who, in addition to his.duties as secretary to the manager, shall also act as clerk at the meetings of the ' general finance committee and shall: keep a correct record of the regula- tions, bylaws, rules and orders issued for the bank from the offices of the' manager and the industrial commis- sion, which record shall at all times be deposited and remain-in the bank. “Officers and employes that shall be deemed mecessary for the orderly transaction of the business of the bank shall be employed or dismissed by the manager, after considering the recommendations of the director gen- eral and finance committee. The man- ager shall designate an employe or official of the bank to maintain a stock of office and other supplies necessary for the proper and-expedi- tious management of the affairs of the bank. . . “The bond department director shall be charged with the duties of devel- oping a market for the sale of such bonds as may from time to time _be offered for sale by the bank and upon . such terms as shall be most advan- tageous to the bank. DUTIES OF DIRECTORS “The farm loan department director shall be charged with the duties of carrying into effect the law as it per- tains to farm loans and to be made by and through the bank. “The credit department director shall be charged with the duty of determin- ing and passing upon the character of rediscounts offered to the bank, and loans to be made by the bank upon collateral and, for that purpose, shall investigate the credit, standing and responsibility of rediscounting banks or borrowers. “The audit department dlrector shall keep a correct account of all the financial transactions of the bank for all departments. The transit depart- ment is hereby established as a sub- ordinate department of the audit de- partment. “The directors of the department of statistics and publicity shall submit estimates from time to time as may be required by the bank, with such suggestions as may be needed for the, procurement of funds to meet the orderly transactions of the bank and for such demands as may be made upon it to meet the financial require- ments of business throughout the state.” - READING DAD’S LEADER Hilton, N. D. Editor Nonpartisan Leader: I am reading dad’s Nonpartxsan Leader and I think it’s great. What we have too much of today is pluto- crats, who try to rule the state and the farmers. But the farmers will stand firm in their belief in the Non- partisan league to fight privilege until it surrenders. The men who are knocking Townley and the League only find that “every knock is a boost.” Let us stand by the League, which is . doing more for the farmer today than any organization has ever done. We have traitors in the League, but that is only natural, as there always are black sheep among the white. CLARENCE P. KAMPHAUGH. WANTS WORKERS’ PARTY Brady, Neb. ‘Editor Nonpartisan Leader: As I am a member of the Nonpar- tisan league and get your paper every week, I am writing to you to urge the organization of a new party by the farmers and union labor. Too many voters cast their ballots on party lines alone, and if they had a third ticket in the field they would be more apt to vote solidly as a class than to vote for Democrats or Republicans in- dorsed by the League and labor. I think if we organize a farmer and labor party we will be strong enough to win the election in several states in 1920. I. N. WELLS. .