The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-07-10

States in the forefront 20 defend the
moral principles of humanity.
/ Federal Bank Fair.
/ "You remember the opposition 10
i the creation OF postal savings banks.
on June LIST, 1917. there were deposits
in the postal savings banks OF y1S1s-
| 500. 900. standing to the credit Of
| $4,000 depositors. In the past eleven
months these reposits increased s4b,-
"The banking interests now fully
| realize the Indispensable value Of the
federal reserve system to the indus
trial and financial welfare OF the
II depIore certain resolutions pub
| licly advertised as having been passed
at certain meetings of the citizens ut
POINTS in this state asking for CEN
sure of certain officers OF the federal
reserve bank
II am satisfied II the people in at
tendance fairly knew the facts there
would have been no such resolutions
presented.
II believe the officials of the federal
reserve bank to be conscientious, and
more than fair in their general deal
ings with the people and general In
terests of North Dakota.
THE federal land loan banks have
been feared and dreaded, but the sys-
tenn is q fact today, and there IL no
doubt In my mind of the future sue
cess of the system.
those banks of the older systems that
have not moved into new marble pal
aces continue doing business at the
old stand.
In a great Industrial age and that our
country has room for a marvellous
growth and there is going to be bust
ness enough for all.
A Regenerated Republican.
THE creation OF a merchant marine
under federal ownership or control
was fought to a finish for a number
of years, yet the war budget signed
by President Wilssoonns June IL. ap-
struction of an American merchant
r.arine.
Il have prided myself on being. a |
Republican, but as / stand and watch |
s snf mS SrSnd and Ss en myself T
regenerated Republican.
MANY people stay awake nights |
resisting government control. Yet the |
banks are controlled to the limit and |
Railroads continue to be restless
and chafe under the harness, but time |
works wonders.
But IL the railroads continue to be
and hours of labor and practically |
minimum rates of wages prescribed |
by federal legislation, then as a log |
tcal conclusion prices for steel, coal, |
food and other products will event
ually come under such control.
Another child of the people born |
in wedlock last year was the guar |
anty OF deposits law in North Dakota |
This guaranty of deposits 10 simply |
posters. controlled by the state. The |
bankers do all the rest. It promises |
to do lot of good, and little, II any,
harm.
viii See PhotopIay.
Tonight the members of the asso-
citation, their wives and friends will |
attend the photoplay at the Auditor
ium, illustrating the work OF profess
The photoplay production Is shown
through the courtesy Of the Todd
Photograph company.
Wednesday afternoon at 1920 |
o'clock, "a Town and Country Trip"
by automobile, will be made. The |
members will first visit the Man
chester Biscuit company, and then
be taken to the celebrated Schroeder |
Holstein stock farm, east Of Moor
head. The annual ball will be held /
in the Knights Of Columbus hall
Wednesday night commencing at
$3.50 o'clock.
The business program for Wed
nesday morning calls for an address |
by E. G. Quamme, president of the |
Federal Farm Loan bank of st. Paul, |
on The Operation of the Federal !
Farm Loan Act; an address on
Good Roads. by w. G. Edens of the
Central Trust company of Chicago,
president of the National Parks |
Highway commission; address by
former Governor L. B. Hanna on
Lessons From First Liberty Loan
Campaign; address by Hon. Edward
Engerud OF Fargo, on Recent Bank |
ing Legislation, and an address on
Recent Amendments to the Federal
Reserve Bank Act, by Theodore
Void, governor of the Federal Re-
serve bank of Minneapolis.
Joseph Champan, vice president Of |
the Northwestern National bank of
Minneapolis, and Lieutenant Colonel 4
Henry Gordon of the Canadian army l
medical corps, Winnipeg, will be the |
speakers at the afternoon session |
Wednesday. Mr.. Champan, will |
speak on The Optimist and the |
Pessimist, and Colonel Gordon on |
The War.