The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-04-09
Sweeping Program Of Non Partisan
League In Northwestern STATE
Attacked Under Refer
endum Fire.
WHAT NEW LAWS ARE
State owned Banks, Elevators, Flour
Mills, ETC., Figured on Bring
ing Prosperity to COM
munity.
IRx United Press. ]

By united HreSS-J
~ BISMARCK. N. D.. April 9.-lne
State specialization program COM
pleted by the last legislature, domt-
mated by the Non-Partisan league, -
under referendum fire. League Head
ers, some OF whom favor the refer-
endum, insist today that the voters
are back OF the league program ana
the state referendum will approve
all the acts that are essential to the
non-partisan plan.
The referendum petitions were
chiefly circulated by the Independent
Voters association, of which Theo
dore Nelson is secretary Nelson
has charged that the Non-Partisan
leaguers have asked their members
not to sign these petitions. This IN
turn is denied. The battle between
the league and its foes is raging as
bitterly as during the last election
The chief measures involved IN
the referendum petitions are:
Creation of state Industrial com
mission, with authority over the
handling Of a s10i000,0O0 bond issue
for farm loans.
Creation OF the State Bank OF
North Dakota.
Creation of state terminal ele-
vator and flour mill project with
5000, 900 capital.
The entire Non-Partisan league
program centers in these three
measures. The industrial commits
sion-with departments now under
ORGANIZATIONS composed of Gov
ernor Lynn J. Frazier, Attorney Gen
eral William LANCER, and Agricui
tural and Labor Commissioner John
N. Hagan.
More power for state Development
is held by this commission than was
ever before allotted to any political
body in the history of the country.
All three members of the commits
sion are elective and subject to re-
call They will conduct and manage
alf state-owned industries, enter
prises and business projects now or
hereafter established by law. They
make rules and regulations for all
state industries. appoint all en-
ployes, fix their bonds and salaries.
Already the basic institution OF all
state-owned and operated fnstltu-
tons is under organization by the
commission-the stateowned and op-
Grated bank 1t will become center
for all banking interests of the state,
repository for all public funds, fiscal
agent for all state enterprises, may
be reserve agent for 700 state banks,
and is capitalized for 100000, pro-
yided by a state bond issue. It's re-
sources will, it is estimated, range
from s75,ooo,oo0 to s15o,ooo.ooo.
Through the bank will be con-
Quoted the states new farm loan
organization-finan by 10000
600 bond issue. There's a $4,000
loan limit for establishing farm
homes and 5000 loan limit for
building city homes under the home
building association provisions.
Probably the next big step of the
industrial commission will be organ
ization and construction of state
owned and operated elevators and
flour mills. They can be erected,
not only within the state, but at any
point the commission thinks terrnf-
nal elevator is necessary to the In
terests of the farmers.
To finance these projects, bin
was passed authorizing the isguance
OF $4,000 900 worth of bonds. The
authorization was divided to give
10000 900 for rural credits financ-
ing. 1000. 900 for the state bank and
s., OO0, 900 for mills and elevators.
The bonds must be retired within
thirty years. Payment Of the inter
est and income on the $4,000 900
authorizations is guaranteed through
provision for an annual tax levy TO
make up any deficit in the earnings
OF the utilities which they are to
finance. An interest and sinking
fund OF s1,1G0.000 per annum win be
required to retire the bonds in thirty
years.
The state mill and elevator admin
! istration will not be limited TO opera
ton of mills and elevators, but may
establish other marketing facilities
for farm products. Not more than
81 coo 900 OF the 100000 authorize
! ton ig expected to be launched this
year. Non-Partisan leaders say, but
within a few years, II things go well
with the project, the state viii nave
/ the biggest commercial and produc
| ing organizations in the world"
Taxation measures passed by the
I legislature. some OF them more ex
! tensive than any in existence In
other states, Included an income tax
TO yield $1,000, 900 per annun. cor
poration excise tax, expected to earn
| 5000. 600; a gross sales oil tax. esb
mated TO be worth $4,000 a year;
revised inheritance tax law, expected
TO bring in 100000 additional annn
| ally; a moneys and credits tax, esti
mated good for $4,000: revised mo
tor vehicle tax, worth 100000; fla
tax Of cents per acre for stare
hail insurance fund, good for ssOD,
900. and a sinking and interest rune
for retirement OF state bonds.
Property valuations on all classes
lwero boosted oyer a quarter OF