The weekly times-record. (Valley City, N.D.) 1912-1922, 1919-06-26

held at St. Louis, 1917.
5th Day, Sunday, Morning Session
Arthur LeSueur speaking:
Farmers of North Dakota will b.
willing to pay wage of $500 for {
10-hour day (going wages then $3.50
to $1,000 and that if we can come tt
some understanding with the Nonpar.
tisan League of North Dakota, it will
mean the balance of power will be
shifted from the state government tc
the Industrial Workers of the World
! and Nonpartisan League" 49,
| THINK IN 1NTEREsT-sAvE-
In a long article in the Courier
! News of last Saturday among other
things we find the following: ~
The campaign of the I. V. A. against
the bank is not hurting it, states
Cashier A. C. Thorkelson. 49,,
"The opposition press, every paper
of the 1. V. A., large and small has
been attacking this bank since it be-
gan business" he said. "The Valley
City Times-Record has been one of
our most vicious enemies. The editor
has wasted considerable of his ink
yelling about the bad conditions of
the American Exchange bank.
"Last Friday, June Is, he told one
of the men visiting the bankers group
meeting here that our bank was mis-
trusted by the people, and that two
hundred thousand dollars which was
formerly placed in our bank, had
l told the editor so.
"There is group of people around
who are trying to mix politics with
our bank. That has never been done
by US, and never will be done. Our
bank keeps clear of politics. It will
serve all the people regardless of poll
teal affiliations.
"And l warned the editor that he
could not go on spreading his pro-
paganda against our bank any longer
"But even if he does spread untrue
statements it will not hurt our bank
The people know the farmers who
own it. Our customers trust us. We
are growing, and do more business all
the time" sr-'t -
And the farmers and progressive
people in town back up his words
| They will not allow any politics to
IuIL CIlS pcOPlS . Uet1lh'
| Mr.. Thorkelson deliberately lies
when he makes any such statement
and he knows it. The Times-Reccrd
editor happened to go to the bankers
convention and sitting in one of the
| waiting rooms was a fresh young cut
| reporter from the Courier-News. He
asked us in casual way what the
bank was doing. We told him that we
did not know much about it, but add.
ed that their total footings showed
about two hundred thousand dollars
less than it did in the previous state.
ment. We did not intimate or say
a word about losing any deposits. He
asked us if the bank was doing any
business. We replied that it was
That there were good farmers con
nected with the bank and it was bounc
to do good business. What we sale
was in favor of the bank and moi
against it. The cub reporter evident
ly wanted to make another killing fol
his paper so he told ''Thork" that VIZ
had said something entirely different
than what we did say. III
"Thork's" 100 pound parsonage swell
ed up in a great burst of indignation
and he lit into the editor Of the Times
Record like thousand of brick, tell
ing US what we should and should no
do. His buster went in at one cal
and out of the other because we knew
"Thork" was peeved at his surround
ings and we did not attach enough i'm
portance to any of his warnings" tt
pay any attention to the matter. 81
!! far as Thork is concerned his warn
4 ings sound about as loud as mustard
seed makes a noise rafting around il
a wash boiler. We said nothing lik'
we are accused of saying and h
knows it. We did not think the mat
ter would again come up but now tina
he has seen fit to hand US packag,
in the daily Fargo prevaricator w
will give the figures of the American
Exchange Bank as taken from the las
two statements and let our reader
Judge as to the truth Of the state
ment we did make. On 4
March 4, 1919, the total
/ footings Of this bank
i We're .................$ 1917 1881;
4 Ion May 10, 1919, the total
i footings Of this bank
were .SS16, $751;. ~
!! or loss over the previous statemen
of something over one hundred ant
i sixty thousand dollars. It was not oul
j intention to say any more about thi:
| trivial matter that occurred at tn,
i bankers meeting and what we SAT-
was made in casual way and is sub
stantiated by the figures submitted
i But Mr.. Thorkelson with his great i'm
| portance and warning has seen fit :.
i rush into print and we make thi
| statement in justification Of our posi-
ton. The trouble with Thork is tina
i he takes his position too seriously
more seriously than any one else. w,
Il did not say the bank was, mistruste.
, | never thought Of such thing ant
| we did not say that two hundret