The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-05-22
TERMINAL Sue
CESS IN SOUTH

COTTON WAREHOUSE and GRAIN
STOREHOUsE IN NEW Or
LEANS RUN AT PROFIT
That the state owned terminal ele-
vators planned by North Dakota will
enable the farmers to hold their grain
for better prices, serve the public eco
nomically, and at the same time re-
turn a handsome profit to the state
is indicated by the experience Of the
state of Luisiana. This southern COM
monwealth is operating two great
state-owned Warehouses-one for cot
ton and the other for wheat--in the
city of New Orleans and official re-
ports show that these institutions are
run at a profit sufficient to pay the
interest and principal of the bonds
issued to pay for their construction.
Advertise State Owned Plants
In fact, the city of New Orleans is
so proud of these state-owned ware
houses that is has appropriated sever
al hundred thousand dollars to carry
on an advertising campaign which will
tell the world the commercial advan-
tages made possible by it's publically
owned utilities and tens Of thousands
of dollars are being spent every week
in big eastern magazines to advertise
the very things that the I. v. A. or
gans claim will ruin North Dakota"
Furthermore, Louisiana's state own
ed warehouses are in charge o. dock
board much like the industrial CON-
mission which will manage North Da--
kota's public utilities. Louisiana also
issued bonds-just as North Dakota
has done-and these industrial enter
prises have been SO successfully con-
Quoted that the profits are paying off
these bonds, thus making it unneces-
sary to levy special taxes for this pur-
pose.
Mayor Makes Report
An official report issued by Martin
Behrman, mayor of New Orleans,
makes the following statement about
state-owned utilities located in this
city:
"In the harbor of New Orleans is
ton of doctrine Of public ownership
| and operation of public utilities. Sixty
percent of the port facilities have
been built or developed by the Dock
Board, state institution. In the II
years this Board has had charge it
has expended $15, 100000 on wharves,
steel sheds, elevators and warehouses.
All are served by public ownership.
Cotton Warehouse-Grain Elevator
4 'The cotton warehouse and the
grain elevator are the latest develop
ments in port improvement. The FORM
er is the largest handling plant for an
agricultural product in the world, is
l the most efficiently equipped struct-
ure of it's kind in existance, and is a
profit earning institution while serv-
ing the public most economically.
"The storage facilities offered the
cotton grower by this warehouse
coupled with the low insurance rate,
make it possible for him to hold his
cotton until such time as he may see
fit to market it, while at the same time
enjoying the use of bankable ware
house receipts that are backed by the
resources of the State of Louisiana
and are negotiable in financial circles
the world over"
: (The state of North Dakota intends
OF use exactly the same system OF
issuing warehouse receipts on wheat
which will enable the grain growers
of this state to hold their crops fol
higher prices.)
II Profitable For Louisiana
n Foes of the farmers movement de-
clare that North Dakota's public util-
tiles will "ruin the state," but the ex.
perience of New Orleans shows that
between 1911 and 1918 it's foreign
trade almost doubled as direct re-
suit of it's state owned utilities. Its
bank clearings increased from $685.
600, 700 in 1900 to $1,000, ,460, 1886 IN
) 1918 and it's bank deposits showed q
: huge increase in the same period. In
J fact the program Of state-owned In
dustries in Louisiana has proved 90
! profitable that the city of New Or.
leans is able to spend hundreds o1
thousands of dollars in advertising
these advantages and thousands o1
people are being attracted to the city
as consequence.
North Dakota proposes to do the
same thing in a more modest way, pu'
the I. V. A. organs are making stren-
uous effort to defeat the immigra'
ton commission law at the referen'
dunn election.
i. Why Not North Dakota Too7
What Louisiana has done North Dar
kota can do. There is every reason fol
; believing that North Dakota's state
: owned industrial program will create
the same prosperity in the state % II
has brought about in Louisiana. There
also is every reason for supposing the
: North Dakota state-owned industries
VII be run at . profit just as they are
in Louisiana and that the bonds "a
build these enterprises will be paid
back out Of the profits without cost
ing the people Of this state q single
cent.
il OBITUARY