The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1918-07-12

overlooked or had not realized that
there was one great asset IN North
Dakota that had not been touched,
namely, the patriotism OF the people.
simultaneously with the demands of
the government for the sale Of these
first Liberty bonds came the call to
the young manhood of our country,
for services in the army and navy Of
the United States.
THE response Of the young men
was an inspiration and did much to
arouse interest in the cause and a
great influence for good in molding
public opinion to a realization OF the
necessity of the great undertaking of
manning the army and navy ana f.
nanctng the government.
Finance Seed Grain.
Owing to the partial in some
places complete failure of the grain
crop of North Dakota last year the
government undertook, through the
seed stocks commission, to provide
seed for this crop failure district.
This seed stocks commission invited
the officers of the North Dakota
Bankers association to Cooperate |
with them in the providing of seeds |
and feeds for the districts affected4I
I'VE were asked to finance the sale |
Of the bonds necessary to- procure |
this seed. A referendum letter was
sent out to all bankers in this state |
asking what amount of seed bonds |
they could subscribe. The replies |
from this referendum, as is usually |
the case in any referendum, were !
not very general. However. enough |
subscriptions were received to assure
us that the greater part of the money
required for this seed could be OBJ
tanned from the banks in this state.
We were further assured by the
bankers Of the larger cities that after
North Dakota had taken to the eX-
tent of her ability, the balance would
be handled through the city banks
we were not called on to
raise this money, as you know
special session of the legislature was
called, the law amended and bonds
sold in large blocks to outside inves-
tors entirely.
Recommendations.
II submit to this convention, the
of adopting the follow
ing recommendations:
THAT a definite system electing or
nine names to present to
the governor, from which he shall
select his appointees on the state
guaranty of deposit board. The pres
ent system for doing this by an in
formal vote by the entire member
ship is not satisfactory.
THAT an executive council, con-
sisting Of three or more members.
be- elected by the national banks. to
act in "a matters affecting national
banks only and that a similar execu-
tive council be selected to handle all
matters that affect state banks only.
neither Of these executive councils
to displace the present executive
but to be Independent units.
Owing to the heavy increase Of
work in the office Of the association,
largely Of a clerical nature, recon-
mend for your consideration the adj
Of furnishing more help,
int order that the secretary may have
more time at his disposal, to deal
with affairs Of an executive charac-
ter. I am also Of the opinion that
office room with fire proof vault &C.
should be secured in
order that records Of the association,
which are becoming more valuable
each year, be securely housed. I be-
ieve that the increase in business
which can be secured through this
move would easily pay for the addi-
;ional expense incurred"