The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1920-12-02
|'SAB0TACE" AND
NOT SALVAGE
ABOVE is FARGO FORUMS HID.
DEN MOTIVE IN ATTACKING
BANK OF N. OAK.

DEN MOTIVE IN ATTACKING
BANK OF N. OAK.
4 sabotage, not salvage" is the way,
with all due respect, the headline over
the Forums leading editorial of No.
vember 18th should have read, for
listen to this, which is true: "The
Forum has never left any uncertain
ty as to it's attitude toward the bank
Of North Dakota. If we had our way
we would turn the key in the door and
liquidate it's affairs" and so on the
apostle of tolerance" RACES.
4 Interest Tax
j. Then listen to this from the For
um's leading editorial of November
17th if you want to get good, strong
hint as to what the Big Guns of the
I. V. A. combine are aiming at:
"The cost of supporting the Bank
Of North Dakota, is an example. The
administration triumphantly talks
about the profits Of the bank, which
are nothing more nor less than tax
on every man, woman and child in the
state. The profits have been derided
bv arbitrarily reducing the interest
uaid to taxpayers on their pubic
funds, and by increasing the interest
that private banks have to pay on
these funds, which increase must oe
passed along to the men who borro"
money. What is that but tax?
"The bank will shortly be eliminat.
ed in great part when large part OF
the public money is returned to the
localities where it originated to oe
placed directly in circulation again
without permitting the state bank 70
collect an arbitrary interest charge Oh
2 per cent on it, for which it performs
no service whatever.
We have taken the above gem Oh
economic bunk in an effort to attract
your eye and center your thought on
the intent and purpose of the pluto
Gratis and grain gamblers, and we
tmst that you, the people, will get
that thought before they get you down
and out.
"Agree With Thine Adversary"
"Apree with thine adversary quick
,v Whilst thou are in the way, lest he
de,;ver thee to the Judge, and the
;,,dpe cast thee into prison." is the m
junction delivered to us by one wno
naid the extreme penalty for "scourg-
mo the money changers" in Jerusalem
two thousands years ago, and so' we
will agree:
We will agree with the Forum tnae
interest is tax, but, il that Is true'
will our adversary please explain why
This tax. which itself declares IS paio
bv all the people, should not be CO..
1ected bv the people and used Tor tlle
neonle instead of as it demands, oe-
ing farmed out to private lndiVlouals IA
to be used as a private "snap at 'l'e
public expense?
Will it also please explain, II the
Bank of North Dakota passes thls taA
"along to the men who borrow mon
ev" who its friends, the private pank,
ers nassed it along to in the good old
"12 ner cent and bonus" days? Ana
who then "arbitrarily" fixed the IN, :,
terest rate to them, since the "pronts
of the Bank return to them thru otn,
er channels of their government! And
inst why the private bankers should
not be made to pay for the use OF pup,
~ e,,,dr con, ethinp MANY of them had
a had habit of completely forgetting
before. the Bank Of North Dakota
came along and reminded them OF
their "oversight?" Don't you know
that the Bank of North Dakota PAID
more interest in the aggregate on pup
lie funds than all the private banks
ever did?
Further, if "the bank tax will be
eliminated in great part when the pub
lie money is returned to the local.
ties" why do not these vicarious bear
ers of the peoples burdens, the prl-
vate bankers, eliminate the tax en-
tirely, and thus save themselves from
suffering so much at the expense OF
the people?
Lastly, if the Bank Of North Dako-
ia "nerforms no service whatever" for
the people, then why are the Forum
les SO determined to ''liquidate it's al
fairs" Is it because the Bank is
controlling interest rates to the ad-
vantage of the whole people ?-ls not
that the reason special privilege IS
so determined on it's destruction !
viii our adversary "please explain?
his explanation -
pApr1sT CHURCH NOTES