The Nonpartisan Leader Newspaper, March 7, 1921, Page 20

— IR oA AN SN o ADVERTISEMENTS i BEATS 15¢ GASOLINE Starts Car Easy In Cold Weather ‘o auto invention. Wonderful o uretor, Guaran to re- duce line bills from one-half to 4 one-third and increase power of any § motor from 80 to 50 per cent. Sent on 30 DAYS’ TRIAL ; Fits any make of car. Put onin a few minutes., Fords make as high as 40 miles to a gallon of gasoline, Other cars show propor- tionate increase. 'ake advantage of our special 80-d trial offer. ame your car. AGENTS WANTED. ARBURETOR CO. St Mo et | CARBURET O o oni- J [ESSEEENED) Boys and Girls! This wonderful NewMod i B Eemmmmae Talking Machine, band driven, decora =@ oo FREE PRICES REDUCED! on. Wire Feneing Farm, Stock and Poultry Fencing di- rect from our "fac- tory to you. Our new reduced prices will save youmoney. Write for our Farm Fencing Catalog 93N46. Sears, Roebuck and Co. Chicago, Philadelphia Facts About Nofth Dakota (Continued from page 5) after county and city after city sent to the Bank of North Dakota, demanding immediate payment of its deposits, al- though in many cases there was no need for such withdrawal. The Bank of North Dakota sent out to private banks, to withdraw its deposits, and private bank after private bank re- fused to honor the drafts of the Bank of North Dakota. |, Enemies of the' League program said the reason the Bank of North Da- kota could not repay immediately all the demands made upon it by cities Batisfaction guaranteed. @ Mention the Leader When Writing Advertisers rietal case, and ular record, is yours, RS Rt ulks, whistles, loaghs, 3 ‘AvearTalllngidachino with bzt grade sty o 4 producer. Playsloudandclearallaise B-lcgl.-d-. ly fmishod. records up to 12 inches. Given lu;‘u ing S.:l 12 MentbolNova Salve, only 24 large colored or 8 0. _‘m hn-.‘.ulmi.ar. Retara Post Cards at 16c ea, e your ~%.ctde. 4 machino z:l &&H—-A‘n ATES MFG. C0.DEPT. 209. CHICRGD D=, G <y T e g S5SS Harvester Company Brands Story False | D URING the past month, reports have come to us that at farmers’ meetings charges have been made, sometimes directly and sometimes indirectly, that this Company has adopted d policy of refusing to supply repair partsfor old machines in order to compel the purchase of new ones. This statement is absolutely false. Such a policy hasnever been considered by this Company nor suggested to it. Ordinarily we ignore such reports, because we. have learned that any large company, no matter how fair and high principled, is subject at all times to unjust criticism. The facts are this Company has always recognized the importance of repair service and has used every effort to make IHC service the best. We believe we can truthfully say that the repair service furnished wherever this Company’s goods are sold is equal if not superior to that furnished on any manufactured line, ‘We call attention to the fact that machinery “Fix-up Weeks,” instead of being something new and originated by the farmers in 1921, as some seem to think, were really an outgrowth of the movement started by manufacturers and dealers’ associations in connection with the Council of National Defense as a war con- servation measure. Perhaps no other agency has done so much to promote “National Repair Weeks” as this Company. The farmer needs machines which will be efficient and economical. If his old machines can be repaired so as to render efficient and economical service, he would be foolish to purchase new ones. Whether the farmer utilizes and repairs his old machines or buys new ones is a question for him to determine. But in making his decision, we give to every farmer who owns any IHC machines the assurance that a full stock of repair parts will always be provided by this Company. » 2 : Today, our repair stocks on the territory available for the farmers are 21 per cent greater than ever before at this time of the year. An average of a quarter million pounds of repairs are shipped from IHC factories for every working day in the year. Thirty million dollars’ worth of repair parts are now ready, as insurance for the farmer when he needs this service. In every International Harvester Works manufacturing orders call for repair parts first and even when furnishing them has meant cutting down production of new machines for which we had orders, repairs have always had preference. At every one of our 91 branch houses trained men are on duty to see that all orders are filled and shipped promptly. Thousands of dealers scattered every- where with an assortment of repairs in stock are always ready and willing to render every assistance. : - . This service which this Company has rendered through the years to those who have purchased its machines has been a matter of great pride to the Company, and is the foundation of the cordial good-will existing between it and its customers. We feel it is due the Company and those who have purchased its.macl.lin&c that we give the widest publicity to the fact that this service of repairs will be maintained and improved, and that any charges to the contrary are untrue. INTERNATIONAL HARVESTER COMPANY OF AMERICA ‘ CHICAGO : USA GNCORPORATER) PAGE TWENTY R A SIS R B, and counties - in the manufactured “run” was because all its money was RS S “frozen” in long-time loans on land mortgages or in loans to state insti- tutions. _ The complete falsity of this state- ment is shown by the fact that on February 15, after the Bank of North -Dakota had been drawing upon pri- ‘vate banks for two months, to meet the demands of the counties and cities, the Bank of North Dakota still had out in the private banks, in the form of redeposits and loans,-$7,859,901.14. On the gther hand the money loaned to farmers on farm mortgages and the money advanced to state institu- tions altogether amounted to only $4,017,135.92, or approximately one- half of what the private banks were holding, and claimed they were unable to repay. : In many cases it was undoubtedly true the private banks' had overex- tended their credit unwisely and were unable to repay the Bank of North Dakota. The sharp drop in farm prices made farmers unwilling to sell below the cost of production and if they had sold, in many cases, their total proceeds would not have been enough to meet their loans at private banks. In other cases there is no doubt that private banks refused to honor drafts of the Bank of North Dakota, hoping to cripple the state in- stitution and put it out of business. The Bank of North Dakota an- nounced early in February that it must be able to meet the demands that were made upon it and that the only way it could do so was to collect from private banks the $7,859,901.14 that was due the Bank of North Da- kota on demand. It announced that collectors would be sent out to get the money from the private banks and State Bank Examiner O. E. Lofthus stated that private banks which were unable to pay their demand obliga- tions would have to suspend business. NEGOTIATIONS FOR SALE OF BONDS REOPENED . This announcement threw a scare into hundreds of North Dakota banks. They got in touch with their banking connections in Minneapolis and St. Paul and urged the Twin Cities bank- ers to make some arrangements for the purchasing of North Dakota state bonds or taking some other steps so that the Bank of North Dakota weuld not be forced to collect the money that was due it. . In the middle of February the Min- neapolis and -St. Paul bankers indi- . cated that ,they would be willing to enter into such negotiations. Accord- ingly representatives of the industrial commission and the Bank of North Dakota went to the Twin Cities and negotiations were begun for the sale of $6,000,000 in North Dakota bonds. . The sale of these bonds would have enabled the state of North Dakota to finish the terminal elevator and flour mill at Grand Forks, to ‘finish houses of the Home Building association now under construction and to take up farm loans and advances to state in- stitutions, so that the Bank of North Dakota would have sufficient funds to meet all demands without calling in its loans from bankers. Word that these negotiations were under way aroused the League oppo- sition in North Dakota ‘to renewed activity. They started a bitter fight to block the bond sale, as they had blocked the bond sale in 1919, One effort was to make Leaguers reject the plan. The story was circu- lated that President A. C. Townley had agreed to give up the League pro- ~gram by having the Bank of North Dakota “liquidated” and to give up the home building program. In this there was not a word of truth. The bankers were told, what they already