The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1911-06-29
Continued From Page one.

Continued From rage OHe'
farmers of the northwest at least $685.
100000 a year. The resolution looks
to me like a joke"
Following Mr.. Lewis, Senator Cum
derson of Aneta arose and stated that
he thought Senator Pierce had made
a regular old time democratic speech.
Mr.. Murphy of Grand Forks told the
convention that most of the elevator
men of Canada were opposed to the
bill. r. S. Adams, the newly elected
vice president of the association, gave
his views as favoring the BILL Mr..
Olgard ended the discussion by saying
the farmers need protection and that
it would not look we'll for the bankers
to uphold anything the farmers think
will injure them. T. S. Hunt Of La
Moure wanted reciprocity.
The discussion ended and a vote was
taken on the resolution introduced by
Mrs. Batcheller, which was killed by
a vote OF three to one. Senator Gun
derson then introduced the resolution
strongly denouncing the reciprocity
DALl- I1AS AESDAuklDl was dAObNGd Wy
a vote of three to one.
After both Mr.. Graves Of jamestown
and Mayor Murphy of Grand Forks
had given the hearty invitations TO
the convention for 1912 meeting place,
a vote was taken which resulted in
66 for jamestown and 81 for the Forks.
Regular Resolutions.
The following resolutions were
brought in and adopted:
Whereas. the enormous expansion of
business in the United States during
the past decade. has demonstrated the
desirability If not the necessity of a
more elastic, and more uniform cur
rency system, and it Is now apparent
that no better plan has been proposed
that that under consideration by the
National Monetary commission, and
believing it to be step in the right di-
rection, therefore be it
Resolved, that the North Dakota
Bankers association, in convention as
sembled, favors the general plan pro-
posed by the monetary commission for
the organization of a National Reserve
Association of the United States.
Resolved further, that the national
banking law should be as amended so
as to allow national banks in cities and
towns of twenty thousand (20,000) pop
ulation or less, to make loans secured
by first mortgages on improved farms
in the aggregate not above rs per cent
or 80 per cent Of the banks deposits
to the end that more of the state banks
might be converted into national banks
and join the reserve association, with
out impairing their usefulness or ca
pacity to serve the localities in which
they are located, and
Whereas the North Dakota Bankers
convention of 1910 recommended the
enactment of certain important amend
ments to the state banking law, and
which amendments were In substance
incorporated In senate bill No 21O Of
the 18th legislative assembly under the
authorship of the honorable president
of this association, passed and approx.
ed on March 6, 1911, and becomes op.
erative op the first day Of July, 1911.
Be 1t resolved. that it is the sense Of
this association that by the passage Of
said act, the banking laws of the state
have been materially strengthened. thu
business greatly safeguarded and mucE
J, accomplished to warrant the renewed
confidence of the public in the stability
and safety and usefulness of our stat.
banking institutions and that the sue.
cessfuI efforts Of the president of thi.
association In securing legislation ar,
commended and appreciated.
And, whereas. 1t is recognized tina
much good might and should be &C.
complished by this association b,
keeping alive and fostering sentimen
in favor of good roads, elementary ag
ricuIturaI education, our rural schools
and farmers institute work. therefor,
Be 1t resolved, that the banking In
terests Of the state view with approva
the adoption of documentary legislativ,
assembly and that the members Of THU
association should and will do every
thing in their power to foster a con
tinued growth OF sentiment in favor b
wood roads and good road legislation
~ the end that the next Legislative
assembly may be assisted and enable