The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-12-16


there are two banks when one goo
, bank would easily take care of tn
business. After all is said and done i
you put all these small banks togethe
and add up the capital stock of tn
whole lot it would not make as mucl
as one good banking institution tina
fails in more thickly populated stete
and cities. so that after all these banl
! failures are not so bad so far as tn
total is concerned. We need les
banks but better ones in many com
munities in this state.
A dispatch from Hillsboro, N. D.
says that steps of reprisal agains
merchants who are said to have op
posed the nonpartisan league and it,
papers were taken when a group oil
farmers passed resolutions pledging
themselves to "boycott these mer
chants" and IDEAL only with friends
1t was alleged that A. C. Townley dur.
ing the campaign threatened that ir
the event the league was beaten farm.
ers would boycott those who fought
the league. It would be we'll for those
who are advocating the boycott OF
business men to take another breath
before they jump into such a foolish
job as that. The way matters are
breaking at this time it would appear
that the farmer would need the CO.
operation of the business man more
than ever. If there is any time when
it is necessary for both the farmer
and the business man to cut out poll
tics and cooperate it is right now
With the dropping of prices and the
shortage Of grains the average farm
err will need credit to carry him
through the coming season and he
must get this credit from the very
business men that they are now talk
ing of boycotting. 1t is foolish pro-
position on the part of the Hillsboro
farmers to say the least 1t is our
opinion that it will be Mr.. Townley
who will need all the help he can get
in the near future without his starting
a boycott on business men.
WHY WE ARE poor"
eff all the money that has been
made in North Dakota could have been
kept here, we could pave our streets
with gold" said one of the states
pioneers the other day in discussing
the present financial condition. It is
a thought worth keeping in mind these
days. North Dakota is a producer
of wealth, and like many Individual
producers, it has been exploited. Too
many men who have made their for
tunes in this state, have taken their
money elsewhere to spend. They have
regarded North Dakota as good
state in which to make money, but not
a good state in which to spend it
There is less justification for that
opinion now than there was in the
early days, and there will be still less
in the future. But if North Dakota
still must be classed as a borrowing
state, it is not because it does not
produce sufficient wealth to be self.
basic industry. It produces wealth
sustaining Our chief industry is q
basic industry. 1t produces wealth
And if we sometimes seem to be com.
paratively "poor" state. and have to
borrow capital from the so-called
erich" states it is because the wealth
we produce does not remain here. Nc
state that produces wealth as North
Dakota does, can be kept down long
Many good people in other states ap-
pear to think we are "broke" here in
North Dakota this year. We are not
but even if we were it wouldn't be the
calamity it would be in other states
We renew our wealth up here every
year. We are constantly producing
new wealth. We have produced enough
to make this lending state instead OF
a borrowing one if it had all been kept
here, and if the men who made their
money here had remained here to
spend it. If we are temporarily
strapped" here in North Dakota, it
isn't because we lack wealth of the
ability to produce h.-Fargo Forum.