Imperial Valley press., 1919-03-13
RADICAL LAWS
IN EFFECT IN
NORTH DAKOTA

! Bismarck, n D., March 13.--The
! laws permitting the state Of North
Dakota to go into business under the
industrial program of the National
Non-partisan League went into eff
feet when Governor Frazier recently
signed the bills. Banking, home
building and flour milling are among
the projects covered in the ten con-
| stitutional amendments adopted at
| the last general election.
| The parent bill creates a state in
| dustrial commission composed of the
| governor, commissioner of agricuE-
| ture and the attorney general, who
are given blanket authority in es-
tablishing necessary state depart
ments. The commission is given au-
thority for the operation OF a sys-
| TEN of banking under the name Of the
Bank OF North Dakota.
The banking measure provides for
issuance of $2,000,O00 in bonds to
furnish capital. The system will
start whenever the sum of $2,000,-
000 issued by the state as provided
by law" has been delivered to the
commission. The bank will become
The depository of all public funds of
the state, counties, cities and school
districts. General banking business
is authorized, and in addition the
Central state bank will become the
depository of the reserve funds of
several hundred private banks chart
cred by the state. These reserves
are now held in st. Paul, Minneapolis
and Chicago. The state bank will
have charge of the issuance of state
prises and will act as rural credit
bank for promotion of agriculture.
The industrial commission bill and
the banking act have passed both
houses by tSo-thirds maiorities,
which permits the inclusion of an en-
argency clause putting them into i'm
mediate effect The other bills are
expected to pass soon with the en-
ergency clauses.
Tne ether Non-partisan League
program bills provide for the erec-
ton Of terminal elevators and flour
mills, and extend state credit to all
citizens desiring to erect homes.
Other phases Of the program which
eliminated taxation on certain I'M |
,lovcments, provided state hail in
5Lrance on crops, state industrial in
surance for workin2men, and made |
other changes proposed by the State
Federation Of Labor.
The milling measures authorizes |
he establishment Of system Of |
warehouses, elevators, flour mills !
and factories with which the state
viii engage in manufacture and !
marketing cf farm products. Tie
milling association will be capitalized |
at $5.000.000. part Of the MONEY to be
obtained through certain funds in
the state treasury and part through |
the sale of state bonds.
The Home Building Association OF
North Dakota, authorized under the |
home building measure, will purchase |
or build homes or farms for citizens |
on receipt Of twenty per cent pay |
ment. The remainder may be paid
on an amortization plan in from ten |
to twenty years, A house costing
$4,000 can be purchased in twenty |
years on monthly payments Of $2G,
according to league members. They |
say the act will bring rapid settle
ment of the states idle lands.
State-owned coal mines and pack |
ing plants, also part of the league
program, were not expected to be au-
thorized at the present session.
One bill expected to be acted upon
imposes a one-half mill tax to create
a fund for returned soldiers who /,
would he entitled to $25 for each
month in service. The money would
Ee placed in the home building fund
or be deposited for the soldiers edu-
oation.