Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-01-30
STATE CAPITOL RUN

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MONEY SET ASIDE FOR LOANS
A provision of law under the SEES
sion law provides that one third OF
the total amount of the several perm.
anent funds of the common school and
institutions shall be invested in farm
mortgages. There is now 100000 in
! such funds and the board has set
aside 100000, as one.third for invest
ment in such mortgages. There are
now 40 counties in the state and II
this money was apportioned accord.
ingly it would give only about $4,000
to each county. The law does not
require that this be done, but, is is
only fair to the residents Of the state
that it be invested in all counties as
far as there Is demand for the
same. Commissioner Macdonald has
issued the following letter to all coun-
ty auditors:'
'"The Board of University and
School Lands at their meeting today
set aside $500. 900 for investment in
farm loans, same to be apportioned
In equal amounts to the several coun-
ties as near as possible.
I'VE can probably handle applica-
tons for your county to the extent
OF $1,000 or $4,000, and you are here
by requested to make such appraisals.
"Please call the attention Of the
County Superintendent and Chairman
of the Board to this and have them
both join you in making the apprais'
ais where possible.
Loans cannot be made on land
where the title is known to be defec.
tive or the patent not Of record and
appraisals on such land should not
be made. 40,
AL appraisements should be made
and forwarded SO that they will reach
this Office not later than February
29th, when the board meets. II no
applications are on hand from your
county on that date, the money will
probably be invested in other coun-
ties.
"Application blanks have been for
warded.
The balance of the funds which at
present is about 100000 will be in
vested in bonds and from the pres
ent outlook it will not be long until
it ia all invested as The department
now has correspondence and applica.
tons from various school districts
and places Offering bonds for sale.
TAYLOR TO BE CANDIDATE.
"Why, yes" said Insurance Com.
missioner w. c. Taylor this morning,
ut would be entirely proper to say
that the announcement that l am a
candidate for reelection, as informal.
ly made by the Fargo Courier-News,
goes. I have no hesitancy in submit.
ing my candidacy to the republican
electors of North Dakota because in
the language of w. J. Bryan, and also
Of an earlier apostle, 4 have kept the
faith When I became a candidate
for commissioner of insurance two
years ago I promised that I would, If
elected, at once take up my residence
at the capital; that I would devote
my time exclusively to the care of
the Office; that in the distribution Of
the very considerable newspaper pat
ronage of the Office I would under.
nike to be fair and impartial-M
other words, to be guided by the
golden rule These things I have
done. and believe the republicans
Of this state. regardless Of faction.
will make suitable acknowledgment
of the fact"
The article in The Courier-News, to
which reference Is made above, is as
follows:
While here attending the editorial
meeting State Insurance Commission
er Walter C. Taylor announced to his
fellow pen pushers that he would be
a candidate for denomination to his
present Office. and the confirmation
of what has been generally contem-
plated apparently gave great satisfac-
ton to his many friends among the
editors.
During the time that Mr.. Taylor
has been in charge Il the insurance
department it is not recalled that
there has been a single complaint as
to MS emc1ency or management OF
the office, and SO far as the present
outlook is concerned, his renomfna-
ton seems to be a foregone conclu-
sion. At least that seemed to be the
concensus Of opinion among the edi.
tors, regardless of politics.
NOT A CANDIDATE.
mo. I will not be candidate for
reelection as state auditor" said
Dave X. Brightbill to the Capitol.
Run reporter. II have had two terms,
and will not be in the race this year.
I have held ONCE In North Dakota
for fourteen years. For ten years !
served a. county auditor Of Towner
county, and when went into the race
for state auditor, went In to win.
I wanted q second term ut the last