The Nonpartisan Leader Newspaper, June 2, 1919, Page 11

}Talkir‘lvg It Over in North Dakota Bankers, Business Men and Workers Discuss State Busi- - ness at Weekly Luncheon in Governor Frazier’s Office Bismarck Bureau, Nonpartisan Leader. BELIEVE it is a great “thing to meet together and talk things over like this,” said W. C. McFad- den, a Fargo banker, at ; the regular noon-day luncheon held in Governor Frazier’s office Monday. The dinner is a regular function at the capitol, where the heads. of all departments meet once .a_week to talk over their problems. Mr. McFadden and three other promi- nent bankers of the state had just been in conference with the industrial commission, planning the best system for 'establishing the new Bank of North Dakota. ¢ All around the table talked of the problems facing the state. One speak- er was Stephen Ely, an official of the United Mine Workers. He spoke of the new labor laws and told how the miners of the state are solidly behind the Nonpartisan program. The ad- vantages: of coming into close contact to settle differences were praised_by him also. .o “Where employers meet with their employes for settling their difficul- ties.” he said. “Labor disputes are al- ways settled without strikes.” Mr. McFadden had spoken partlcu- larly of the progress being made in the formation of the new state bank. “T wish all the bankers and all the business men would get into closer un- derstanding with the farmers,” he said. ‘“The difficulties that arise gre “largely through misunderstandings. The state bank will benefit all the peo- ple, and this should be generally un- derstood.” J. J. Neirling, a banker of James- town, also a member of the advisory committee of the new state bank, spoke of the united efforts that are being made to start the new institu- tion on the way to success, and con- demned those who are trying to put obstacles in' the way. Chief among these he named newspapers that are distorting facts and arousing hatred. Samuel Torgerson of the Northwest- ern National bank of Grand Forks, another member of the advisory com- mittee, also spoke, commenting on the work of George E. Wallace, tax com- migsioner. . Mr. Wallace had told the meeting of his trips through 14 coun- ties ingtructing assessors in the new system. “The people must be made to see,” said Mr. Torgerson, that if taxes are higher, they are getting more for their money.” He praised Governor Frazier as “probably the most democratic man - at the head of any state.” Captain I. P. Baker, another mem- ber of the advisory board, a banker of Bismarck, spoke of the fame that North Dakota was getting throughout the country, and noted that most of the magazine articles on it now were favorable. “The League program of public ownership centers around the state bank,” he said. “It is important that we make a success of this, and we will. The rest of the country is full of in- terest over our new laws. They have been advertised much more outside the state than in it. The people must be made to realize what a wonderful thing we are doing.” “The Food Crisis and Americanism?’ - Mortgage Banker’s Book Tells How He Found Farmers - Were Getting Insufficient Returns on Land Products :]T THE height of our agi- tation for increased food supply in the early part of 1918, William Stull, a Nebraska mortgage broker and manager by necessity of many thousands of acres which had been foreclosed, wrote a book ‘under the title, “The Food Crisis and Americanism.” - The book, con- trary to what one would expect from “a mortgage btoker, contains many powerful points in support of the de- mands of the farmer for a new day. Perhaps ‘his experience in trying in vain to get a profit out of operating foreclosed lands, gave the insight he shows. - Speaking of the 100,000 to 150,000 acres he had in charge following the hard times of 1893 to 1896, he says: “None of these tracts paid'current interest on costs. Poor farming! So I thought until on investigation it transpired that the increased mort- i gage indebtedness: on surrounding farms was greater than the shortage of my farmmg operations. The re- sult was not in keeping:with what I had hopefully anticipated. Pleasing - fancies were dispelled by unpleasant “faets—truth sometimes seems a cruel thing.” As to the way to check the drift from the farm to the town Mr. Stull : declares: ““Remove the artificial handicaps from agriculture, so that reasonable profits, modern conveniences and com- forts are possible .on the farms, and they.will be_filled with.intelligent; in= “dustrious people; and our teeming mil- lions fed better than ever before, and - © this at a price not prohxblt.lve to the‘ - most common laborer.” 3 Y “During 381 years prior to November 1, 1917, when J. P. Cotton, head of the meat division of the food administra- tion, assumed control of the packing industry, there was but one year in which the average price of live hogs in South Omaha was lower than the ratio of 10 to 1. During the eight months since he took control, the monthly- average price of 100 pounds of live hogs has been equivalent to only 9.86 bushels of corn.” - And again, in discussing the prom- - ise of the administration to make 1918 hogs sell at the ratio of 13 to 1, the promise which was never kept, he asks: “Why, if a year hence the farm- er should receive an equivalent of 18 bushels of corn for each 100 pounds of hogs ready for the market, should he be compelled to accept the equivalent of 7% bushels of corn at the then present time? And especially as at ‘that time he was beginning the har- vest of the smallest crop of corn in food value in 10 years, if ever?” The author suggests that the food - administration should appoint a com- petent commission to classify all cat- tle that the farmer may know in what .class any animal belongs and what ‘price it should bring. He points out that the grain elevator trick of buying a low grade of grain and shipping out a high grade, is evidently also follow- ~ed by the packers. “For a very few.choice cattle a }ugh price is frequently paid. This'is given the 'widest publicity, and in every shop it is given as the reason for the high price of beef to_.the people who never tasted this high class of beef-— the meat sold to them generally com- _ing from a class of cattle for which ) ',tfi::amemlfrweived httle or no more ADVERTISEMENTS _J/ Qe“defqfl* FE‘h ‘(l Between Sowmg and llaymg BUILD FENCE Use that gap which comes between plowing and seedin, in good shape. 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