The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-12-09

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Watch the paper for advertisements
of Christmas specials by the different
merchants. It will pay you to patron
ize our advertisers as they are sure
to have an assortment of high class
goods, as is shown by the fact that
they are advertising them.
Representative Tincher, of Kansas,
is going to introduce a bill in congress
next Monday asking for duty OF 50
cents per bushel on wheat. Mr.. lin
cher says that his measure was de-
signed to protect American wheat pro-
ducers from imports from Canada,
Australia and other countries. The
bill will no doubt meet with consider
able favor from the farmers OF the
country.
A telegram received from the Times
Record correspondent from Chicago
this morning states that Congress
man George M. Young has been talk
ing UP to the Chamber of Commerce.
President Gates of the board yester-
day made a defense of grain ex-
changes before the convention of
farmers national grain dealers in re-
ply to Mr.. Young, of North Dakota,
who served notice on President Gates
and the great grain exchanges of the
country that if they failed to admit
to membership cooperative farmers
organizations without delay and also
reform the rules of the Chamber of
Commerce that the country would
undertake the job Of compelling them
to do so. !
The I. V. AS may be bad lot ac.
cording to the idea Of the league news
aper, but at that they are dong some
good for the people. The passage OF
The five initiated laws has been the
means of bringing back into the state
hundreds of thousands Of dollars which
has been withdrawn by investors who
were afraid of the administration un-
der it's present management. The Sc
curing of the lower house of the leg
islature and the passage Of these mi
tiated laws putting stop to any more
wildcat legislation, has partially re-
stored confidence among eastern in
vestors. This in itself is worthy of
note. The I. V. A. proposition is SEEM
ingly better for the people of the
state than the socialist idea.
The financial condition of the coun-
try is going to come around all right
we firmly believe. The sudden drop
in farm products has frightened up the
money market and the farmer has not
hauled his grain, but at that we have
experienced much worse conditions
than they are at present. We hear
lots of growing about the money
question but a great deal of the noise
comes from men who are drawing
good salaries and are getting it in
perfectly good checks every week or
every month. The fellows who have
kick coming is the man at the head
of the business who is worrying night
and day to keep his checks good in
order that the salaried fellows can get
theirs. ut is the man behind" that
has cause for worry, not the fellow
who is getting his money right along
regardless Of collections. Sit tight,
boys, and don't rock the boat.
Mr.. Lofthus, state bank examiner,
himself says that the closing down Of
a few small banks is not due to the
initiated law or any law passed by the
people at the recent election. If this
be the case why in time is it that the
public examiner, the bank officials and
the governor are turning every stone
to have the bank kept from examina-
ton and why is it that they are trying
to encourage business men and bank
ers of the state in getting special
session to repeal the banking law re-
turning funds to the various counties.
Something is rotten in Denmarck, is
an old saying, and we believe there is
something rotten in this bank deal.
Let's have the light of day on the
business of the bank. If the institu-
ton is all right all will be we'll and
good. If it is wrong then let's find it
out and put the blame where it be-
longs. There ca n be nothing wrong
about that sort of a deal.
This trying to stampede the state
into a special session of the legislature
as being put on by the Fargo Courier
News is lot of nonsense. There is
no need of any special session and
there is no need of any bank failure
If the hanks in question have been do
ing legitimate banking business. If
hey have been doing reckless bust
ness with deposited funds then per-
haps some Of the banks will 60 under,
but at that the state guaranty Of de-
oosits law should protect the deposit
;ors. We do not believe the banking
situation is one half as serious as they
ire making out. It is only q matter
II lot Of noise to get the initiated
aw repealed to protect those who
ave gotten the Bank Of North Dakota
n bad and an attempt on the part of
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