The Devils Lake world and inter-ocean. (Devils Lake, N.D.) 1915-1920, 1917-07-19
oNR FINANCIAL STRENGTH

Two billion dollars is tremendous SUI of money. Yet the American peo-
pie have loaned their Government that much and have barely touched their
resources. The money was raised 50 easily it only seemed to show the ire
mendous financial strength o, the country.
It is not one-tenth of our bank deposits. 1t is less than one-eghth of our
bank loans for one year. 1t was less than one-half Of our national savings
for 1916, and only five per cent of our national income for that year according
to estimates.
h"t = e. w ss sra ae lm ~ mm nJbI less 81 t; as WITH wi ne much u%s le mA effort and va ST. subscribed @c e
to by a vastly greater number of individuals; this too when danger was far
from us and the nation in a calm frame of mind.
of the people of the country much better educated as to Government bond
issues and Government finances in general, it is reasonable to suppose, will
be disposed of with even greater success than the initial issue
The over-subscripdon to the initial issue of yer a billion dollars argues
well for the success of the next loan. There are several millions mor in
vestors in Government bonds in America than there were a month ago. Then
there were some three hundred thousand holders of United States bonds; now
there re over four million. And the thrill of the thought of u soldiers in
France will rally the people to the nations call.
Yes, it is a great scheme, but will it work? Townley and his band Of pill
ieutenant, who for over a year have been raling the State with a fine tooth
comb, getting farmers into the league a Sc much pei, these leutenants being
se ecm s. Nthe ! W. ". W. WIS., and nd saws avs: =" "N No III bows p@t this Mi IS i the time .V To st a h"s as =
We have got the farmers right under III thumb, and the time is ripe for you
to make a combination with them, whereby you an make from 81 to $40
per day working for them. He then calls what il supposed to be a delegated
meeting in several of the larger towns of the state to confer with this band of
outlaws, and in the meantime Mr. Townley or his Geutenants select the dele
gates who art to be present. In fact the farmers really have nothing to say,
until the time for the meeting arrives, and then they find that there are en-
ough Campers" present so that there is a chance to run the whole meeting
to the liking of the big five. The A. W. WIS is admitted to be a branch of the
l. W. WIS, one of the most dangerous organizations that has ever infested
this " any other state, and yet Mr. Townley and his corps of Eeutenants, are
asking the farmers to enter into a contract to pay them exhorbitant wages,
in the face of n of the lghtest crops the state has had for years. We do
the past that they ire in about the same class, a the ]. W. WIS, but when it
comes to ne Of III state officers, in the person Of our commissioner of Agri-
laboring man, who comes here from the east each year to work in the harvest
fields, in favor Of a band of despe1adoes, we believe that it is time to call a
halt. For that is just what it amounts to- If the farmers negotiate with this
organization, then the other laborers well know that it would be useless to
come to this State to work, unless they became members of that organization
and they will not do it, but rather stay away. The outlook is that North Da-
kota will have a very light crop this year-possly not a half a crop-and to
think that the farmers should think of entering into a contract with such an
organization to pay exhorbtant wages, and be att the mercy of a band of men,
who, for their lawlessness, are today being driven out Of many states and
cities, is nothing short of fooGshness. This state invites honest labor and
farmers arer ready and willing to pay high prices for the same, but if every
l. w.. W., could be. barred from the state; farmers and business men alike
would be much better off. But what a we expect When such men IS Town.
ley and his coterie of cappers are running things. They have no interest in
the North Dakota farmers further than to get their money, and now that
they have worked the game to a finish, they are ready to turn to their old
friends, the l. W. WIS. How long will it take the farmers of North Dakota
to tumble to the game?