The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1914-06-22

do not report contrary to n Wlshes
of the speaker. The usual Is that
If the Speaker receives a report Diff
ferent from his own views, he immedl
ately leaves the chair and takes the
in defense of a measure. This,
Mr., Burdick did not do and conse'
uuently house bill No. SIS was in
definitely postponed or which means
defeat. Not only was house bill NO.
IS defeated but also house bill No. At
which was aimed to protect n
guarantee bank deposits. This Dill
was also defeated in the same manner
as the other bills. Mr.. Devine here
read from The Journal Of the House
Feb. 10, page 412 which is as fol-
lows:
Mr.. wolbert moved that the report
be adopted, which motion prevailed,
and the further consideration OF the
bill was Indefinitely postponed Also
your committee on banking to whom
was referred House bill No. IS. A
bill for an act to amend sections 561O
and 5511 Of the revised codes OF the
state of North Dakota for the year
1905, prescribing lawful rates Of inter-
est for any legal Indebtedness and
defining usury.
Have had the same under consfdera-
ton and recommended that the same
be indefinitely postponed.
G. w. Wolbert,
Chairman.
Mr.. wolhert moved that the report
be adopted, which motion prevailed
and the further consideration of the
bill was indefinitely postponed Also,
your committee on banking to whom
was referred house bill No. Al. A bill
for an act to provide for the guaran-
feeling of deposits in banking corpora
tions.
Have had the same under considera-
ion and the majority recommend that
the same be indefinitely postponed
and the minority report is attached
to this.
g. w. wolbert,
Chairman.
"But what do we find to be the at
titude Of this matter?" continued Mr..
Devine.
Governor Hanna states that when
we get to be depositors, the interest
rates will automatically lower them
selves just as they have done in the
Red river valley. When farmers
diversity. When they do less grain
farming and more stock raising, more
chickens, more pork, more cream
When silos get thicker and silage rails
ed. it will only be easier to borrow
money, not only will the rates be
lower but the security better. The
banker will then be hunting for a Dor
rover, instead Of being chased after
The banker will then make more
money because he can borrow the
security will be better, and he will
make more money. This Is however
entirely UP to the legislature, it II
however a fact that you can not legis'
late men into riches, they must d.
something themselves along that line
This is the attitude Of the governor
quoting from his own message.
Governor Hanna has not made
political speech since he. has been II
office. =.
"He knows the state, its people, ant
it's needs. They say of him, that al
though he has been a successful bus1
ness man for the past thirty year
in this state, yet he has never sue
any man for an indebtedness. and ha
never foreclosed a mortgage. He ha
no political organization behind him
of any character or kind. Is now OIL
his way to Norway, to present tn
statute Of Abraham Lincoln to tn
people of that country. He leaves hi
= candidacy and his record to the peopl
of the state. I believe the thoughtful
voters both of, city and farm will Civ
/, Gov. L. B. Hanna an endorsement b
an overwhelming majority at the PR
maries June "a. Thus giving to
3 faithful public servant the reward h
has so Justly earned"
. The meeting closed with great en-
: thusiasm, and assurances were plenty
full that the governor would arr
: Divide county with an increased ma
!, iority over two years ago..