davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-12-30
InprOductiye Credit

A. c. Miller, of the Federal Reserve
Board, holds that imitation is breed
ing imitation. that we have too much
credit and too much money outstAnd-
ing in the United States above all,
too much unproductive credit. In dis
cussing the financial situation in the
January number Of ''The Annals of
the American Academy Of Political and
Social science' Mr.. Miller declares that
the best way to improve our price
situation IS TO improve our credit sit
uation Indeed. he points out, no great
improvement in the price situation
need be looked for until the credit
situation is materially improved. "The
banking and credit situation" Mn Mil
Ter says, will improve as the large
amount Of war loan paper and invest
ments carried by the banks is liqui-
dated. There is only one way to liq-
uidate them. and that is out OF the
proceeds of savings. Those who are
debtor to the banks for credit accom-
modation in aid of subscriptions to
government loans must be made to
take up their obligation to the banks
out of their individual savings If
they cannot do it, or. rather. to the
extent that they cannot do it. others
must do it for them; others must
save and out OF their savings buy Lib
erty bonds in the market. Thus will
The market for government bonds be
improved. and thus VIII it be made
possible for the banks to liquidatc by
selling in the market bonds which thev
have bought on credit. and their Gus
toners the bonds which the banks are
holding as collateral"
New-York tribune., 1919-12-30
The Dollar in Foreign Exchange

The fluctuations in rates on the Eu-
ropean capitals were irregular yester-
day and the net changes were not
great. French, Italian and Scandina-
wan exchanges tended to drop lower
and offerings were fairly large.
Yesterdays rates, compared with
those of a week ago, follow:
(Quoted dollars to the pound.)
New-York tribune., 1919-12-30
What DO You Think of the Market p"

A rpcmber of New York Stock Ex-
change frm
'The market will do very little until
the first week in January. Its course
then will depend upon the success Of
the Federal Reserve authorities IN
handling the credit crisis without cut
'ng down on our credit supplies
New-York tribune., 1919-12-30
"An Overshadowing Crime"

Press reports that went broadcast all
over the country during the weekend
telling of an "overshadowing crime" in
Wall Street came back to he district
yesterday They charged the New York
Stock Exchange with aiding the per
petrators in the ncfarious work by not
giving the facts to the public The
facts became known yesterday, and it
developed that the exchange had moth
ng to do with the matter What hap
pened was that a syndicate offered Il
recent Curb promotion TO the public
and took subscriptions for more stock
than 1t advertised in the Offering. This
made the syndicate technically short Of
the stock which it was Offering the
public.
New-York tribune., 1919-12-30
United States Rubber

Indications are that the United
States Rubber Company viii show for
the year ending tomorrow the largest
gross and net earnings in its history.
The percentage on the stock Will not 1e
so large, however, because the earnings
viii have to be applied to S72 600 ,OO0
of common stock, against $4,000 600
stock in other years. The increase in
capitalization this year WAS the first
since 1913. and in the meantime the
volume of business has risen from 500
100000 to more than $3.50 100000. 1t
- expected that with larger capitali-
zation and with no necessity for re-
appraisal Of inventory the items for
adjustment, income charges and taxes
may be relatively less than in the pre-
vious year. In 1918 these items reached
an aggregate of $4,000, ,000, against
S7,750,000 in 1917 and $1,276,000 in 1916.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
PUBLICITY ITEM

The Home Service of the local Red
Cross announces that i! ii prepared TO
assist discharged men in making or
plication for the ad ilti,aal travel al.
lowance due those who were al!cNed q
only three and on shat cents Per mile
to point Of enliztmtar. Men who were
given allowance only t., point OF en-
listment may also make claifn for al
ditional allowance to actual residence
at date Of di5cha x:.
Blank forms Of application includ-
ing the necessary affidavit, may be
obtained from the Home Service re-
preventative named below. The orig
inal discharge certificate Or . copy
certified by recruiting chieer must
accompany this applicat'nn Al ap-
plications are 70 addfs.ee = The
Zone Finance officer. Lenc1 Building,
washington, %. g. Dischsfgad men
are invited TO come 20 Rel CROSS
Home Service for ASST ;tanes.
Home Service CommitA.s ~ Botti-
mean county. Local Home 6ervica
Representative, Mrs. r. G. Falkenstein
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
FAIR BOARD MEETS

The Board of Directors Of the fair
association met in this city Monday,
June 23rd. Members present, Frank
Tyler, Ed. Kromrey, Olaf Vinje, Alex
Cranston and F. A. Brainard.
AS this will be the last meetng
before the big fair is pulled of there
were many matters to arrange.
Among other things the board appro-
priated purses for ball games. There
win be three fast games played this
year for purses Of $4,000 each game.
The schedule is printed elsewhere IN
this issue. The executive Board had
already acted favorably on the secur-
ing Of the Million Dollar Band which
was fully approved by the members
present. After the meeting the board
adjourned to view the fair grounds
to discuss matters needing attention
there. and it was decided to build
some more trotting horse bxrns, more
toilets, etc.
The big advertising drive is now on
and all the directors who can: spare
time from their hoppering will cover
8. certain stated territory and dist11-
butte the advertising matter.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
AMIDON DISMISSES SUIT.

The suit brought by forty "sidewalk
farmers" in the U. s. District court
to have the industrial program OF the
farmers declared to be in contraven-
tion to the constitution Of the United
States, was dismissed by Judge Ami
don in decision given June 14th in
which the Judge held that the people
Of North Dakota have right to en-
ter the operation Of industries, and
that the United States courts have
never by any decision denied the right
Of a majority of the people to operate
industries through their government
and to issue bonds for their opera
ton. This decision, together with
that Of the State Supreme Court on
signing Of the bonds, comes ct the
psychological moment to clear the air
for q fair decision by the people ct
the coming election, removing doubts
as to tho legality Of the procedure.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
COURT ORDERS
BONDS SIGNED
SUPREME BENCH COMMANDS
SECRETARY TO SIGN WITH
OUT FURTHER DELAY

Bismarck, June 14-By . manda-
danus issued by the Supreme Court
on Saturday, Thomas Hall is ordered
to sign the $1,000 900 capital stock
bonds Of the Bank Of North Dakota.
In is decision the court fully upholds
the consttutionality Of the bonds.
The bonds will be immediately de-
liversd to the secretary of states Of
flee, but as Mr.. Hall is out on cam
paicn against the farmers laws, there
may be some further delay n getting
him back to his office and getting his
aignature, required by order q the
court. The only bad effect Of this viii
Be the daily expense which e pilme
npsa 8 the rte of several hundred dol-
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
BUYING BANK BONDS

Farmers and other public sriritcd
citizens Of North Dakota are sending
in their subscriptions to the $2,000,0 900
bond issue Of the Bank Of North Da-,
kota. The bonds, which come in de-
nominations of $50, 500, $500 and
$1,000, are selling at a premium Of 2h
per cent. Anyone who has not re-
ceived subscription blank is asked
to write the Bank Of North Dakota,
Bismarck Invariably the purchasers
offer to double their subscription, if it
should be needed. About 100000
worth will be sold to people within
tho state and the remainder will be
disposed Of in outside markets, as
needed.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
HALL MUST SIGN BONDS

The Supreme Court handed down its
decision on the question of signing
the Bank of North Dakota bonds, on
Saturday the 18th, by issuing a man
damus ordering Tom. Hall, secretary
of state, to sign the bonds without
further delay. The Court also rebuked
Hall for his equivocation and lack Of
good faith in refusing to sign bonds.
showing the discrepancy between his
written argument before the Court
and his verbal argument. Hall is out
on tour fighting the farmers laws,
but it is likely he will be compelled
to return and start signing the bonds,
as required by the Court.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
PROTECT FREIGHT RATES.

PROTECT FREIGHT RATES, 4
The board Of railroad commission
ers will fight the attempt being made
by the Twin City commission mer-
chants to have freight rates on butter
increased 1871 cents per 100 lbs. on
shipments from North Dakota points
to the east. The move Of the G. n. d
st. P. railroad to boost hay and straw
rates from 40 to 100 per cent will also
be opposed by the board
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
VOTING TO BOOST BISMARCK

NOllNG ~ BOOSI BISMARCK
'Vote to keep the bank in Bis
marck" is the slogan in the capital.
The Bank Of North Dak0ta is the
first state enterprise to be gotten un-
DER way and it has been a great stim-
lulus to the lief Of the city, opening
up new work and affording occupation
Tor many new men aaQswUmens Bis
marck also hopes toSas state ele-
vator, which explains why the gener-
al intention is to vote for all the
League measures to show it's appreci-
.ation. If the bridge is built across
the river between Bismarck and Man
dan, the twin cities, with their popula-
ton Of almost $4,000, expect to be-
come the metropolis Of North Dakota.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
GOVERNOR WORKS o. T.

GUVERNOK WORKS U. I.
Before Governor Frazier went out
on his speaking tour he spent two
weeks in which he came to his office
at $50 o'clock every morning and
worked at his desk every night. This
is different from Kositzky, who has
been leaving all his duties to his de-
putty while he is out talking against
the farmer legislature and its laws.
Kositzky came in Bismarck on Sunday
and spent the day signing the bank
bonds. He put his signature on $500
Of the 5000 and stuck the unfinished
ones away in the safe.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
KARL SIGNING 'EM NOW

KARL SIGNING EN- NOW
State Auditor Kositzky has cold
feet and is signing the bonds Of the
Bank Of North Dakota. He spent all
last Sunday putting his name to the
documents. Officials here are at a
loss to explain his change Of attitude
for he boasted that he would "go to
the courts, If Tom didn't" before ne
would sign Last Sunday while ne
was home from speaking against the
farmers laws he signed up $500 bonds.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26

tion. w. H. Stutsman, who is spec
ial attorney for the I. V. A. and
Secretary of State Hall, was there
as vice president Of Mandan bank.
He made long harangue in which he
summed up his objection to the state
enterprise by saying that he did not
see how it would help him or the 9TH
er bankers get any richer.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
McLAURIN CHALLENGES LAM

Former United States Senator J. u
McLaurin, who viii speak in Bismarck
July 10, has challenged Attorney Gen
eral LANCER to debate the issues OF the
referendum election with him here on
that date. LANCER so far has not ac-
cepted. *s
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26

Wanted-Men or women 70 take or
ders among friends and neighbors Tor
the genuine guaranteed hosiery, fuil
line for men, women and children.
Eliminates darning. We pay 80 cents
an hour spare time or $24 . week Tor
fnll time. Experience unnecessary.
Write, international Stocking Mil,
Co, Norristown, Pa. y.
!, For SaleI have for sale . few
well improved Turtle Mountain farms.
For price and terms see s. n. Wilson,
Bottineau, N. DAB 6.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
AUTO TAX RECORD

The automobile registration depart
ment which was taken away from Sec
retary Of State Hall by the last legis-
lature, has more than doubled the
record set by the department under
Hall. In GA days Of work it issued
62,16e tags while it took the state
department 156 days to do the same
work last year.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26

FIGHT CAR LINE EXTENSION
Attorney General LANCER office has
decreed that the extension to the
Capitol street car line, connecting the
capitol building with the railroads and
coal yards, cannet be built. "Uncon-
stitutional," says Attorney Packard.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
FARMERS CONVENTION

A farmers convention was held in
Bismarck Monday, June 16, under the
auspices of National board Of Farm
organizations. Gov. Frazier, Com
missioner John N. Hagen, Clifford Pin
chot, Senator Gore, Milo D. Campbell
and other men of national reputation
spoke.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26

:. MRS. MOLLER IN BISMARCK
Mrs. Bertha Moller Of Minneapolis,
Of the national woman's suffrage
movement will address the Women's
Auxiliary to The Nonpartfsan League,
June %. Y
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26

KOSITZKY AND LANCER OUT
State Auditor Kotsitzky and Attor-
ney General William LANCER have been
absent from their Offices all week cam
paging for the Independent Voters
Association. !. i
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
SOLDIERS BACK ADMINISTHA-.
TION

Governor Frazier has received J.
communication signed by 20 soldiers
who served overseas, commencing his
administration and pledging support
to the seven bills referred. :.=l1ss .i8 e
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26

livestock concerns. These interests are
combined not only in corporations,
chambers Of commerce, boards Of
trade and interlockAg directorates
but in the millions Of understandings
which arise among men having COM
mon interests and living thru long
terms Of years in the daily inter
course Of great cities. These common
understandings need not he embodied
in articles Of Incorporation or trust
agreements. They may be a. intaa
gible as the powers Of air. But they
are as potent in the economic world
as those ancient powers were thought
to be in the affairs OF men. Il IL the
potency Of this unity OF life Of men
dwelling together in daily inter. o;. ;.rse
that has caused all nations th7. far to
be governed bV .iti1x
North Dakota's Awakeninx
"As North Dakota has become more
thickly settled and the means Of inter
course have increased the evils Of the
existing marketing system have been
better understood. No single factor
has contributed as much to that result
as the scientific investig 3t;oas Of tke
states agricultural college and the
federal experts connectcd with that IL
stitution. That work has been gcing
on for q generation aud has been cor
ried to the homes Of tL2 state rs ex-
tension workers, the press and the O.
litical discussion Of repeated political
campaigns. The people have thus come
to believe that the evils of the exist
ing system consist ,ot merely in the,
grading Of grain, its weighing, its
dockage, the price paid and the d's-
parity between the price OF different
grades and the flour producing capac-
ity Of the gram. They believe that Re
evil goes deeper; that the VII" sYs-
tenn Of shipping the raw materials Of
North Dakota to these foreign ts'nin-
ais is wasteful and hostile to the lest
interests Of che state. 7Aey say y :'.b-
stance: p ....
: Joint Action Through Government
sszsIt is, hopeless to o:cxpsct popula-
tion consisting Of farmers scattered
over vast territory as the people. ct
this state. are to create any private
business system that v'llI change the
system now existing. The only mems
thru which the people IT the state
have had any experience in joint &C
ton in their state government. II
they may not use that as the common
agency thru which 10 combine their
capital and carry on such basic indus
tries as elevators, mills and packing
houses and so fit their products Tor
market and market the same they
must continue to deal as individuals
with the vast combinations Of those
terminal cities and suffer the injus-
tice that always exists where econom-
ic units SO different in power have to
deal the one with the other.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26

Z There d shortage of pennies ~
until further notice we viii pay gto6
for each $1.00 Of pennies broud -
this bank The First National :
a Hotmeau. (
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
READE CHOSEN SECRETARY

State Fire Marshall, II. L. .Reade,
was chosen secretary Of the North
Dakota Fireman's association for the
23rd consecutive time at the conven-
ton of the association held in Bis
marck last week.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
GOING HOME TO VOTE

Officers from the state house are
preparing to 60 home and vote since
no absentee voters ballots viii be is-
sued for the special election June 70
The state treasurer, 0bert Olson, has
already Rone back to Bowman county
to pet "a . few final whacks for the
League measures and urge his neigh
bors 20 'vote yesA seven times"
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
ATT
STATE CAPITOL

GOVERNOR FRAZIER SPEAKS
Governor Lynn j. Frazier began
campaigning for the seven referee
measures to be voted upon June 26th,
by talking to 4 hundred farmers at
Strasburg last Saturday. ~.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
PIERCE APPOINTED

A. J. Pierce, Grand Forks Civil War
Veteran, was appointed as colonel on
the governors personal staff, in place
Of Co. Robert Kee who died recently.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
A Remarkable Decision

Usually the decisions Of courts are,
to the average men, dry reading filled
with language that looks like English
but which is but dimly understood, If
kt all, and filled with technical terms
xhd legal phraseology. This decision
Is an exception to the rule, and is a
human document, easily read, simply
Stated and readily understood. Thus in
handling the claim of forty-two tax
payers that the amount involved was
not the $4,000 each but the 100000
bonds, the Judge shows by previous
decisions of the U. S. Courts that the
amount each man is called on to pay,
not the amount of the bonds, is that
which the law requires, before the
court may take jurisdiction.
) Why Some Bonds Were Unconstitu-
r.. tional
He shows why some bonds were un-
constitutional, as in cases where a
city had issued bonds to buy q park
and then was about to use the proper
ty for other purposes. He refers to
the case in the city Of Boston, Mass,
when after the great fire Of 1872, the
people voted bonds to raise money to
be loaned out to the citizens and thus
help reconstruct the city. This bond
issue was declared unconstitutional
because it was the use Of money for
private purposes, but at the same time
as Judge Amidon puts it: 1T is q
striking illustration of the inconsist-.
ency Of judicial reasoning that at this
very time the courts all ever the
country were sustaining laws author
king railroad aid bonds amounting to
many millions which were GIVEN to
the private owners Of railroads and
tie bonds were justified by the courts
on the grounds that the public re-
ceiyed AN INDIRECT BENEFIT
from the building Of the railroads"
The State Can Protect
Quoting from the decision the fol-
loving passages are luminous: "What
may be done by the state to protect
its people and promote their welfare,
cannot be declared by priori reason
M. New evils arise as the result Of
changing conditions. If the state re-
nrains static while the evils that AZ
flicHsociety are changing, and dynana-
ie. the state soon becomes wholly m
ADEQUATE to protect the public. The
state must be as free to change It's
remedies as the evils that cause hu-
man suffering are TO change their
FORMS, Merrick vs.. Halsey Co, 242 y.
!. s. 660-686. !.
Thee Interests are Combined
~Ths people d North Dakota are
farmers, many Of them pioneerh Their
Iifas has been intenseley individual.
They have meyer been combined = cor
porste 81 d business orsanix.t lions
to t5txdfS y6et Is their common inter
ests & 81 onaote their general welfare.
II fhe main they have made fnelr
purchases and sold their pToduct as
Individuals. Nearly all their liyessock e 8
II';nd Sfain s. ahipped % terminaIl! n,s1- 8
ketkf st. Paul Minneapolis 80 Ru-
16ere these products pAes sfo sss
"a { fIs 4 lafys COM
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-06-26
JUDGE 4 AMlDON 7
DISMlSSES SUIT
TAXPAYERS CLAIMS THROWN
OUT OF u. 8. DISTRICT COURT
BYSWEEPING DECISION

The forty-two taxpayers" who
claimed that the new North Dakota
industrial program was unconstitu-
tional, in that it violated the Four
eeenth Amendment to the United
States Constitution, and brouaht suit
u the United States District Court.
before Judge c. F. Amidon had their
auit dismissed on Saturday when
Judge Amidon filed his decision, which
J y regarded as one Of historic value
as regards to establishment Of state
owned and operated industries.
The Plaintiffs Case
The plaintiffs set up the claim that
Ehe use Of state funds an dthe levying
of taxes to establish q state bank and
state owned terminal elevators in use
Of the taxing power for private pur-
pose, and that when they are compell-
ed to pay taxes for that purpose, they
are deprived Of their property with
out ."due process of law" The defend
ants moved to dismiss, on the ground
that the court was without jurisdic-
Hon.
Two Elements in Decision
In deciding the question two ele-
nents arose as to the question of jur-
isdietion. Under federal law this court
has not jurisdiction in cases involving
less than $4,000, and the question here
WIS, have the plaintiffs each that
amount involved, or can they pool
their amounts and make the required
total The second question was,
whether or not the enactment and en-
forcement Of the laws providing for
terminal elevators and mills conflicted
with the Constitution Of the United
States. Judge Amidon decided that
each PLAINTIFF must have 5000 in
volyed and that the laws calling for
the new industries do not violate or
infringe the Constitution Of the United
Sates.
Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1919-07-30
M0TORTRUCK FEES DIFFER
No General Understanding Through.
out the Country as to Rate
to Be Paid.

At the beginning of 1919 there were
still % states in which motortrucks
were registered at the same rate as
pleasure cars. Recent years, however,
have shown quite a general tendency
to increase the fees required for heavy
motortrucks. This increase usually is
based on the weight of the truck, its
carrying capacity, or combination of
it's carrying capacity and its horse
power However, there is as yet no
evidence of any well-defned general
goal toward which this movement is
tending. Some states are placing a
definite maximum weight which may
not be exceeded except in very special
cases; others are evidently relying on
discouraging or limiting the use Of
very heavy trucks by making the regis
tration fees so large as to practically
prevent the realization of any profit;
while still other states are making no
serious efforts except to limit the
weight of the wheel loads per inch
width of tire. The terms motOrtruck
and commercial vehicle moreover, are
very definite. In some states the term
commercial vehicle as used includes
all trucks, while in others only those
vehicles used for hire are classed as
commercial.