The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1919-05-13
DAKOTA BANK TO
ASSIST RATHER.
THAN ELIMINATE
Policies Adopted Would Indicate
Desire for Cooperation With
Established Institutions
NO COMMERCIAL BUSINESS
Big Establishment Will Not
Compete for Private Ac-
counts Within State
NO COMMERCIAL BUSINESS

~~SaesSS - sSessss .
The Bank Of North Dakota will not
enter into competition with state and
national banks for commercial bust
ness; It will accept no individual ac-
counts, from within the state, except
such as may come through ASSOCIATE
hanks, but It will encourage such ac-
counts from without the state, as u
means Of increasing the funds avail
able for the development of North Da-
kOta.
The Bank OF North Dakota will not
establish branch hank in each county,
hut will, operate through banks al
ready established In the various conn
ties; it will not single out one bank IN
each county to become repository Tor
any public fundsl it will not. for the
present, at least, draw in public funds
from banks in which they are now de-
posted, and it will make such with
drawals In the future only when 1t
may appear that one section has more
money than it may Immediately need.
whila there Is shortage in another
Snlsinn WIZ 'ne'' - : s'
Tha pank of North Dakota will make
ossno;ota notinnai hanks MS well as
sfoto hanks repositories for public
,,nds which ara at nresent deposited
nn,w ; n. stato hanks Stare banks to
Hnnoma 20 rnnos,tnries for |nnblic funds
thronob tha Rank. of North Dakota
naoJ Furnish M honds sinasmuch as all
tha;r dnnosits ara Guaranteed unde?
,ho stota hank denosits guaranty act
,rha M honds tn no ,refn,ired OF national
10 nLs viii IA o1,lv those which coun-
,ia. =. ether n,hlic drnsitors have re-
,s,sra., Il Ina mast 3 U,}s
% .Thaaa. = ara -, some ' ~ tho definite rules
O.. ~ ooyarnmant ~ the Rank Of
~ Mn,th ny hokota y. eannonnced} Monday
] astnna on,,. sol,nu,;,,o nm all. Glay confer,
"nca' hafwesssi 4 'snecihi committee Of
thc North Dakota Bankers associa-
in; tha inf,i, II rial commission and the
,na narer nnd ,lirector general OF the
Rank ~ North Dakota. These three
fontinnst agreed upon MI the details,
.',t;oh r,hon iolarad ;h the form Of
resolutions, were ratified by the indus
trial commission.
No AdditionAi Examination. <
Tn rasronse fn> numerous requests for
Information received from national
honts T. was aafSsraafk that no examina-
,;nn ~ thasa institutions by the state
examiner would ha insisted upon, but
that tho Rank W North Dakota would
occent tho certification Of the federal
-eserve hank y Minneapolis on ma
t;onol hanks associated~with the state
hamE. The Federal Reserve Bank of
M;nnaanolis some time ago designated
&c willingness to accent the certifica-
tion ~ the state bank examiner as to
oona,t;on ~ stata hanks fms dispos-
no ~ another question which has been
roised nv hanks which desire to coop.
arota with the Rank Of North Dakota.
confesssion Of Faith.
Tho formal confession OF faith
oaoMad nv thp Industrial commission
~ ~ tha c,osa NJ tho conference was an
no,,ncod ~ u M Secretary Oliver s. Norris
~. ~ sc,,ows.
"> .urha nornose ~ establishing a policy
81. ~ RAM ~ North Dakota Is three.
r"ia. ~ "
..I;rst ~ nrovido for the oneration
=. 49, honI ~ r. conformity to tho Man
..ounso% ". .ns hr tho narsons Who enacted
ih" ~" lows " w -
~. ..sooond - 70 Az in tho minds Of our
o,+,.ans tha axact nurnose and scope
'l...e e..s sonI oo+iw,+ies =
" .rs,rd .rs n - "stah,ish no n,an FOR IN.
o..t,"n .,nn. tha linas ~ safe eco.
.n'1e;o .laeou ona % hertine nrincinlas
~ 1rherafore tho nolicvf Of the Bank
=. Nh, motote is 70 no established
.a,'t;.nn OF NtIem D a,oun +ho - fo,iowino % I;nes.
esssu''as =, ny nrnneota % tne a ooric,,,tmra com
,,o,ao ond induatry
'"o 20 ~ ~ no hoInf,,, ond +o assist IN
49, ,oro1onnoant ~ s+ato and national
,' .ne u'.., "S atha, f,non.;a, institmtions
oasAs on5 n',h,i, " nornorat;ons within the
u..u ... I "ma 80 ,in onv n,onnar to 10.
staa' stna., a a. 70 I 10 harmfnl to existing
fnancial institutions.
'na,'''r 90 r. aaros;t IN tho s+a+o nc far
D. .. aas,stant ~ . w;th +ho onarotinn n
~ hank such fnnds M ore at present
tne ,s.,na DILL, % ~ NC n.rru;na M 90 On of farm,
emmossa uc"sa+,ons ~ % ond hns;ness @ 20 antarnrises
!g op, .hn"t 10 % stota ~ 70 the and thot
.nrousno ~ ho aaIiod IN n nrder ~
JOAHS Hccu Ao. W Sa'ieu ~. -, -, IA 80. ~ =.