The Nonpartisan Leader Newspaper, July 11, 1921, Page 15

-0 ADVERTISEMENTS $3,000,000 State of North Da’kofa ! 10 to 27-Year 5349 State Bonds a1 Exempt from Federal Inconie Tax, Including Surtax (Also exempt from all taxes in' North Dakota)- Interest payable semi-annually in ‘gold, January 1 and July 1, each year, at New York, Chicago and Bismarck PRICE 100, TO YIELD 53,9, Maturities: 1931, 1936, 1941, 1946, 1948 Denominations: $100, $500, $1,000 Purpose of Issue The purpose of the issue is to stimulate agriculture by advancing to farmers additional capital secured by first . mortgages on their improved farms. This plan of rural credits is followed in other states and is on lines similar to the Federal Farm Loan Act. 5 Full Credit Obligation of State . These Bonds have back of them the entire resources of the State, amounting to $3,000,000,000, and constitute a full faith and credit obligation of 70,000 square miles of territory, 17,000,000 acres of which are under cultivation. North Dakota’s bonded indebtedness, in‘cludirig this issue, is less than one-half of 1% of the State’s. assessed valuation. - The total Bond issues of North Dakota amount to but little more ‘than 10 cents per acre. For each dollar there is property to the value of $500. The total indebt- edness of the State after the present issues are seld will be about 1-40 of one year’s production. Special provisions have been written into“the consti- tution safeguarding the payment of both principal and in- terest, which can not be changed or repealed until both have been paid. ; Special Real Estate Series In addition to placing behind the Bonds the credit of the entire State, its full taxing power and jts total re- sources, first mortgages on improved North Dakota farm lands have been filed with the State Treasurer as a direct security. They represent approximately 40% of the valuation of the land, and in no case can the valuation be more than 50%, which is the ratio fixed by statute. Validity of Issue : The constitutionality and validity of the law author- . izing the Bonds has been passed upon and approved by the District Court, by the Supreme Court of North Da- kota, by the Unitea' States Federal District Court and by the Supreme Court of the United States in a unanimous decision. Copy of this decision will be furnished by the undersigned. . : _ All legal matters in connection with these bonds will be subject to the approval of our coun- sel, Messrs. Wood and Oakley, Chicago, Ill. The State of North Dakota el ‘Bond Sales Office: - The Bank of North Dakota 1059°3eqp1esféas Bldg., Bismarck, N. D. ; Chlc?fo’ 1L . Telephone Harrison 8639 . PAGE SIXTEEN You Can Get It for One Dollar | Now! Charles Edward Russell’s great book, “The Story of the Norpartisan League” (published by Harper & Bros., regular retail price $2), can be had from the Nonpartisan Leader for ONE DOLLAR, if your order for the book is accompanied by a two-year sub- . . scription to the Leader at $1.50 a year. Just add A DOLLAR to that $3 you are going to . send us for a two-year subscription (new sub. or renewal), making $4 in all, and you get gwok years of the Leader and this valuable 0ok. : , Just a Word About the Book - Russell has written a fascinat- m% story—a book that the future historian will find necessary in studying this greatest of . American farmer political movements. It is cloth- bound, illustrated with halftone pictures, 333 pages, including an index that makes it valuable for quick reference. And it is on a fine grade of paper, in large, clear type. Bad Big Business won’t have to° put on his specs to read it any more than King George III did to read John Hancock’s signature on the Declaration of Independence. _How to Do It Quickesi Way Subscribing for the Leader for two years and getting this book, all for $4, . doesn’t obligate you to_join or renew in the Nonpar- ;- tisan league, but if you'do later join or renew in the ~7"" League, the League will refund you out of your mem- bership dues the amount of subscription money you have paid the Leader, which would be $3 if the above offer is taken advantage of. We can’t.promise how long this offer will stand.. Act now. Send $4 for l1)>lookk and two years’ subscription. Use the below ank. - e * The Nonpartisan Leader . Box 2072, Minneappjis, Minn. @ -~ = === === =~ WRITE PLAINLY = — = — = — - Mark here whether Date it ay Fr g T RENEWAL ......... i : NONPARTISAN LEADER, - Box 2072, Minneapolis, Minn. ; Gentlemen: Inclosed find $4 for which send the Leader to me for two years and mail me the Russell histo? of the Nonpartisan league, in accordance with your advertised offer. . NEW SUB. ......... 52 (Check right one) Mark here whether: you are enclosing Check...... Draft........ Money Order ........... | Currency oo (Check right one) Name ... aco i i