The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1919-02-27
PUBLIC VOICE +
IN SELECTION
.. D.. D.. sa OF PAPER LOST
Continued from PAGE One1

common stock. The money for 1inanc-
ing these schemes is usually furnished
by prosperous league farmers in the
community covered. The capital ranges
all the way from $4,000 in the case Of
some of the smaller weeklics. to $780,
600. which is the amount for which
the Grand Forks American. one of the
leagues two daily ventures, was incor-
DOratc1.
WEXFORD IS DIRECTOR
Senator Walter Wexford, who voted
for a bill which probably will make
the league paper in his county the Of,
fetal paper for tile publication of all
state, county, township. school district
and municipal notices. for legal no.
ticcs and court processes Of all kinds.
bank statements, reports Of state de-
partments, commissions, enterprises
and corporations, is. according to the
corporation records in the office Of the
secretary Of state. a director in the
Pembina County Publishing Co. j. J.
O'Connor Of Ncchc, Il majority menl-
Der of the house, who will be expected
to support this measure there. also is
q member of the board Of directors,
and Henry Geiger, who expected to
come to this assembly as a league rep
resentativc, is another director. .
This board of directors has power
to freeze out any. stakeholder who
brings or permits his name to be used
in an action against the Pembina
County Publishing Eo,sby the purchase
Of his preferred stock This is to
guard against "encroachments OF Gil
trcnched wealth" 5sg
The Pembina County Publishing Co.
appears to have followed the usual
practice OF allowing q commission of
10 to Is per cent on the sale of pre-
ferred stock and all the, proceeds from
the small amount OF common stock.
E 3 IN GRANT COUNTY
William Klamath, league member
Of the house, is a director of the Grant
County Publishing Co. Of Leith, which
issued 100 shares Of common at 81
and 280 shares of preferred ut $40,
with the proviso that all of the COM
mon and ten per cent Of the proceeds
from the sale Of preferred stock might
be devoted to organization and pro-
motion expense. The same proviso APP
pears as to the directors Powers to
freeze out any holder Of preferred
stock who chances to kick over the
traces. '%,a.% .,'..
= n MR. OLSON, AGAIN
Mr.. William Olson, the same gentle.
man who heads the reorganizel Amer
lean Exchange bank Of Valley City,
is director in the Peoples Opinion Of
Valley City, which Isl capitalized at
$26lOO, $50 shares of common ut 81
and 1,25O Of preferred Mt so, with an
allowance. OF. 10 per, cent for promo
ton and organization. ~
OUR FRIEND, HERMAN HARDT
Friend Herman Hardt OF the Logan
county delegation in the house is q d.
rector In the Farmers Comet, Of NapO-
leon, capitalized at $4,000, with 800
common at 81 and 4GS shares Of pre-
ferred at SOS, and with 15 per cent
of the proceeds Of the preferred stock
going to the gentlemanly organizers as
their bit, E sss.
IN BENSON COUNTY
Iii henson county Is the Peoples
Press, Of Minnewaukan, capitalized ut
$4,000, with 300 shares of common
at 81 and $50 Of preferred Mt $50, and
With a Is per cent dizzy for the promot-
ers,. None Of the legislators appear as
members Of the directorate Of tbs Or
ganizatiOn.
TWO IN MCLEAN
In Mclean are two league newspa-
JGrs, the Farmers Independent Pub.
fishing CO. of Garrison, with $50 shares
OF common at $$2o and 1,O5O Of preferred
at $40, In whose organization Senator
Il. i. Fraser appears to have had some
interest, and the Mclean County Farm
,ers' Press of Washburn,s with $12,ON
capital represented BY 800 shares Of
81 common and 5S5 Of 500 preferred
stock, ana with the usual IL per cent
rAke-oM for the promoters Friend
Harry Dunbar, state transportation Of
ticer and general manager Of the Con
sumers' United Stores Co. is a direc
tor In this concern.
NEARER HOME
Nearer. home we have the Burleigh
County Farmers Press, capitalized al
sos, OCO. With 1000. shares Of common
at 81 aud 200 shares OF preferred al
500, with the same Is Per cent com
mission for organization. Harry Dence
H. b. Dunbar and Sam s. Haislett' arr
the, directors of this company, ant
they Also form the directorate Of TIL
Publishers National Service bureau d
st. Paul and Fargo, capitalized al
$1O,O 900
HERES A NICE BIT y,
| The best deal. OF all from 4 promOt
er's standpoint II the Grand Fork
American, capataiia - 1aO0000, NM
out Of which al OF the 500 shares d
common ut - and Is per cent Of TN
proceeds from the sale Of $50 shares
! Of preferred stock at 500 the share