The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1919-04-02
NORTH DAKOTA GOES
UNDER new LAWS

laws permitting inc STATE Oh NGftn
Dakots to go into business under the
industrial program OF the National
Non-partisan league went into effect
when Governor Frazier recently sign
ed the bills. Banking, hCm2-building
and flour milling are among the pre-
jects covered in the tsn constitution
al amendments adopted at the last
general election.
The parent bill creates 4 state in
dustrial commission composed of the
governor, commissioner of agricul-
ture and the attorney general, who
are given blanket authority in es-
t9hlishing necessary state depart
ments. The commission is given au-
thority for the operation Of d system
of banking under the name of the
Bank Of North Dakota.
The banking measure provides fer
insurance of $2000,000 in bonds to
furnish capital The system will start
whenever the sum Of $2,000,000 is
sued by the state as provided by
law" has been delivered t. the com
mission. The bank will become the
depository of all public funds of the
state, counties cities and school dis
tricts. General banking business is
authorized, and in addition the cen
trail state bank will become the de-
Dcs;t0ry CT the reserve funds of sew
cr3l hundred private banks chartered
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 bonds
to finance industrial enterprises and
will act as a rural credit bank for
promation of agriculture.
THE industrial commission bill and
the banking act have passed both
houees by tWo-thirds majorities,
which permits the inclusion of an
emergency clause putting them into
immediate effect The other bills
are expected to pass soon with the
emergency clauses.
The other league program bills
provide for the erection of terminal
elevators and flour mills, and extend
state credit to all citizens desiring
to erect homes.
Cother phases of the program which
eliminated taxation on certain i'm
provements, provided state hall in
surance on crops, state industrial in
surance for workingmen, and made
other changes proposed by the State
Federation of Labor.
The milling measure authorizes
the establishment of a system Of
warehouses, elevators flour mills
and factories with which the state
will engage in manufacture and
marketing of farm products. The
milling association will be capitaliz-
ed at $5,0000OO part of the money to
be obtained drought certain funds
in the state treasury and part through
the sale of state bonds.
The Home Building Association of
North Dakota, authorized under the
building measure, will purchase
or build homes or farms for citizens
on receipt of 20 per cent payment
The remainder may be paid en- an
amortization plan in from ten to
twenty years. T house costing $1,000
can be purchased in twenty years
on monthly payments of $2G, accord
ing to league members. They s&E
the act will bring rapid settlement
CT the states lands
State-owned coal mines and pack
ing plant also a part of the league
program, were not expected to be
authorized at the present lands.
One bill expected to be acted upon
imposes a one-half mill tax to create
fund for returned soldiers who
would be entitled to $25 fer each
month in service. The money would
be placed in the BODYBUILDING asso-
citation fund or be deposited for the
-ClJc,',