The Nonpartisan Leader Newspaper, June 23, 1919, Page 7

‘petition with flour: Bx_smarck Bureau, Nonpartisan Leader. HE state of North Dakota wants to lease or buy two flour mills. It is the intention of the indus- trial commission to lose no time by the recent session of the farmer legislature, and part .of ; in a publicly owned plant. There is not time to bulld these mills before the new wheat comes in. So the first instructions given J. A, McGovern upon his appointment as manager of " the North Dakota Mill and Eleyator association welxie to- start on a hunt for two ready—made flour mills “With these two plants we can show how cheaply flour may be milled and work out our own grades of ‘wheat from practical tests of their mllhng value,” says John N, Hagan, commissioner of agri- culture and labor. Mr. Hagan, with Governor Lynn J.. Frazier and Attorney General William Langer, - compose ..the industrial commission which has charge of all the state industrial projects and the state bank. “North Dakota also will be able to show how cheaply the by-products can be sold at home,” con- tinued Mr. Hagan. ' “The: state-owned flour mills will be able to sell bran and shorts and all mill feeds much cheaper than they are sold in Minneapolis, where freight has to be paid going and coming. We will not do as the mfllmg combine does—base our price on-the Minneapolis price - of ‘mill feeds— but. will sell on the basis of what it ' costs to pro- duce.” " - - - In.choosing the two ' mills " that INDUSTRIAL commss:cm b LYNN J. FRAZIER, Govennon, CHAIRMAR WILLIAM LANGER, ATTORNEY GENERAL will launch Noxth Dakota into com- . = anp Lason monopoly, the in- dustrial = commis- sion will consider JAMES R, WATERS. Manacer. Genenav AGENT OF THE INDUSTRIAL COMMISSION F. W. CATHRO. Direcror Generat, The - benefits: are to be.apportioned. among the wheat 2 growers, who will receive the fairest grades that are able to be estimated; among the ‘consumers, who will get the highest quality flour without a cent ‘of profiteering; and among the dairy farmers, who 'will.be able to purchase feed at the new North Dakota basic prices. " The whole future of North Dakota is bound up in the new industrial program: Many of the laws do Some of them have ot go into -effect until July 1. been held up waiting the referendum on June 26. Five of the referred measures, which have been -referred and have not the emergency clause attached, ©owill be. delayed until 30 days after the referendum. In every department of the state plans are being made for the prompt carrying out of the program. The instant the political obstructions are swept out of the way, North Dakota will move forward along all lines. DAIRY COMMISSIONER SEEKS STATE CREAMERY SITE - Already the daxry commlssxoner, J. J. Osberhous, is looking about the state for a large. creamery ‘which the state will lease. carried on a dairy business under the most scientific prmcxples. Attention will be paid not only to im- proved methods of productron, but also to the ques- non of marketing. . . The dairy department:is . ready to serve the dau'y industry as the state grain grading department is to serve the wheat growers. After July 1 the dairy “commission will be required to make tests of sam-: ples of cream whenever any. producer suspects his cream is being undergraded.’ Prices on butterfat . ‘are-already two points nearer the Chicago whole- © sale price.. The cream broker, who' operated by e . d sluppmg' where he in carrying out the laws passed this year’s crop will be milled - ° JOHN N. HAGAN, Coumissionen oF AsmicuLtuns In this plant will be could find the best buyer, has been practically eliminated. More cream is now kept in the state and the outside interests have to bid up to get their supply. Next in importance to marketmg is the problem of financing the farmer. Here is where the Bank of North Dakota comes in. The farmer legisla- ture provided a $2,000,000 bond issue for the capital stock of this institution. The response of the peo- - ple of North Dakota has been instantaneous, and a bond sale which is developing almost the enthu- siasm of a Liberty loan campaign is in full swing. Only $500,000 worth of these bonds will be sold to the home folks. The rest will be sold to investors of other states. They carry 5 per cent interest and are bemg bid in by citizens of North Dakota at a premium of 2% per cent. They come in denomina- tions of $50 to $1,000. Seventy-five per cent of the state banks have subscribed to the issue. : The promptness with which the people are invest- ing in the bank bonds is an indication of the un- swerving confidence which they have in its manage- ment under Manager J. R. Waters, former bank examiner, and Director General Cathro, who has had many years’ experience in banking at Bot- “tineau, N. D. The Bank of North Dakota is already installed in its own building’ in Bismarck. Its auditing depart- ment is ready to start business. Its bond depart- ment also is hard at work. The forms for the divi- sion of farm loans and credits are in the hands of the printers. The business of rediscounts on loans will be in operation by the middle of July. The ’(flhe} fiank of finrih Bakota OWNED, OPERATED, MANAGED AND CONTROLLED BY THE: STATE OF NORTH DAKOTA farmers’ administration, the institution is prepared to begin operation. Above is reproduced the bank letterhead, bearmg the motto, “The Bank of the People.” bonds are engraved and are ready for dehvery as rapidly as they.can be signed and passed through . the books of -the bank. ‘When the people’s bank is in operation a farmer 'may give a mortgage on his placé and after obtam— ing his loan may pay if ‘off in installments of 7 per cent of the original prmclpal each year for from 80 to 84 years. The plan is what is known as amortization.. Interest on the loan is figured -at 6 . per cent, which includes the 5 per cent to pay off the bonds and 1 per cent for costs of operation. Through paying back 7 per cent of the original principal, that principal will be reduced a fraction each year. 'And each year the farmer will pay 6 > per cent on less and less of his original principal, so a larger and larger part of his 7 per cent pay- ment on the original sum will annually represent payment on the principal, until in 30 years it is entirely wiped out. Under this law all public funds. are to be deposit-- ed in the Bank of North Dakota. For several weeks the bank has been receiving financial statements -‘from treasurers of school d!stncts, townships, coun- “ties’and the state and- its.various institutions. With the returns not.yet complete, $22,000,000 of publlc' money has been found scattered about the state in various banks. This fund will be left largely in the ‘banks new: holding it, but will be rendered more - useful through the ability of the state bank to shift 1t to whatever part of the state it is most needed. * Among. the laws now in operation is that provid- ‘ing for state hail insurance. To furnish the initial - capital a 8-cent an acre tax is being levied on ‘all tillable land. ‘Any farmer who wishes to withdraw - from: the $7 an acre protection may do so, but-he will have to pay the first tax of 3 cents an acre;- The insurance is automatic unless the farmer gives .accordingly. -~ ton:county. - Lagnger. thdrawal.’ At the end ‘of the season, ! ortuh 'Dakotan to Lease Flour MlllS " Fair Deal to Producer and Consumer Is Aim of State Industry——Other F armer- Projects Ready to Begin Operation Soon losses will be estlmated and the premium adjusted The commissioner of insurance esti- mates that the premium charge will be about 25 cents an acre, thus saving each farmer from 50 to 75 cents on each acre insured. One of the great activities of North Dakota will be insurance. Mr. Olsness for two years has had charge of the bureau through which the state bonds its own employes. He is at work now arranging for the installation of a new department July 1 by which the state will insure from firé and tornado all - public buildings of the state, cities, counties and political subdivisions. This will cut off a rich har- vest of premiums that have been going to private agencies. COMPENSATION BUREAU it AT WORK ON RISK LAW For -two months the workmen’s compensation bureau has been at work preparing to put in effect what is agreed to be the fairest and best protection against poverty from industrial accidents, crippling or killing of breadwinners. Only three classes of employment are excluded from the operation of the act—agriculture, domestic service and railway transportation. Every employer lists with the state the amount of his annual payroll and the character of his business. His premium will be computed by an expert actuary, and will be from 20 to 35 per cent less than the same insurance could be obtained from private companies. North” Dakota, in all its laws, has set its hand to the plow, and there “will be no turning back. Farmer after farmer has called at the state capitol to say that he is back of Governor Lynn J. Frazier and the legislative pro- gram enacted this year. Out on ‘their farms, men and women are studying the new laws — and write in.to pledge their “The Bank of the People” ort for car- ; p a l’t icu }fl. T ] y CHAIRRAN OF THE GENERAL FINANCE COMMITTRE BlSMARCK. : :;?]Fg the(:n into ::tz:sggdrt:;;i‘l’fl " The Bank of North Dakota is ready to do business. - Organization of the various departments has been virtually com- gfif’ soTr}rllire “?fiz ties and the coun- pleted, and statements of school funds, county and township funds and other public moneys have been received by the write in saying try to be served.. officers. It is only a few months since the bank was oi'gamzed, but with the speed which has been a feature of the that they were opposed to some . phases of the pro- gram until they read and studied the new laws for themselves. It .is sunrise in North Dakota—the dawn of the new: day of indistrial democracy and freedom. The opposition has brought .a suit in the federal court seeking to prove that the Constitution of the United States forbids any state engaging in indus- trial enterprises. They have called a referendum -election for June 26 at which the people will have before- them for approval or dlsapproval seven of the acts of the recent farmer legislature which are most. obnoxious to the corporation interests. ' These same enemies of progress have gained the support - of three state officials who were put in office by the ‘votes of the organized farmers and who now -are striving to mislead them and defeat their plans. One of these officials, Thomas Hall, refused to sign the bank bonds and the case had to be carried to the state supreme court.” These men who have changed their coats after having been elected on the pledge to stand by the farmers are State Auditor Kositzky, Attorney Gen- eral Langer, and Secretary of State Thomas Hall How little their attacks amount to is seen clearly by -the returns of League organization in their homie counties. = Four hundred more members of the League than ever before have signed up in Mor- That is the home of Attorney General Over threé hundred more members have been gained in Burleigh county, in which live Audi- tor Kositzky and .the traitorous secretary of state. The fact that the business interests have been unable to defeat the League by outside attacks has led many farmers to believe that the mext scheme to defeat their organization would begin from inside the ‘ranks, Hall and-Kositzky have been ousted from the N 5,/partlsan 1eague mdmates the wgllant splrl of _.The suddenness with’ ‘which Langer : i