The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-08-05
NEWS

NEUO AU'M y he ! y
tate CAPITOL
Bismarck, August 2-The fusion of
all the political elements opposed to
the Townley rule in the state prom
ises to keep Townley and his socialist
craw exceedingly busy from now until
November. Democrats and republic
cans alike have agreed to forget ma
tional politics and partisan bias, and
work TOR the defeat of Townleyism.
There will be no campaigns made for
ether Harding or Cox in North Dako-
ia by party organizations, and there
will be no party contests over Sena-
tors or representatives, but every
energy will be directed toward the re-
.demption of the state from political
lnis-rule. .
While the ticket is headed by j. +.
It. C'Connor it u.s. made up OF demo-
Gratis and republicans of about equal
number, and the probabilities are that
before the ticket is finally adjusted
that there will be more republicans
than democrats.
O,Connor is already on the stump
and will devote all of his time from
now until November to the fight. Or
ganizations are being perfected and
the promises for victory are great.
For the first time since the league
was organized in North Dakota there
has been an election in which the
league candidate did not get major
ity Of all the votes. O'Connor and
LANCER had $500 more votes than
Frazier, and with the change which
is gradually taking place in the league
with all the anti -Townley forces
united, there is every reason to be-
lieve that the fusion ticket headed by
O'Cmnor can be put over.
W. A. Anderson, secretary of the
Industrial Commission of the State
of North Dakota is authority for the
statement that the Bank of North Da-
kota has been obliged to borrow mil
lion dollars of Chicago bank at sew
en- per cent interest. This is the first
time in the history of the state Of
North Dakota that any administration
has been compelled to borrow such an
enormous sum of money as this, ex-
cept for permanent improvements.
Just why a bank which has received
more than thirty-fve millions\of pub
lie funds during the past year, and
which at the present time has more
than twelve million dollars of cash on
hand and in other banks, should need
to borrow a million dollars, is one Of
the mysteries which surround this in
stitution, perhaps solved by Auditor
Kozitsky's year old report that the
state treasury was flat broke. az
In addition to borrowing this mill
lion there has been transferred a very
large amount of public money from
funds deposited in the bank to favored
departments and to state-owned public
utilities.
In any event, in the statement Of
the>banK Of July 18th, 1920, here is an
item Of $2,895, $3.50 which is said to
cover bills receivable, re-discounts and
public transfers, and the assumption
is that the bulk of this is public
transfers" and that very large sum
must be added to the million dollars to
arrive at the needs of the administra-
tion.
It is generally understood in bank
ing circles that the state keeps from
six to ten million dollars on deposit in
New York, Chicago and the twin
cities. just why these large sums of
North Dakota money should be de-
posted outside the state, when the
State needs every dollar of available
capital, is not understandable. ~
Yet in the face Of all of these sus-
picions and accusations Governor
Frazier and his administration stead
fastly refuse to permit an examination
of the bank by unbiased accountants
so that the people may know what is
bing done with their funds.
North Dakota does not have law
which will disqualify candidates seek
ing nomination who may deliberately
maign their opponent, such as in the
contest case brought by Congressman
Volstead, defeated independent
against Rev. Kvale, nonpartlsan
Lacquer, and which resulted in the
court order disqualifying Kvale.
However, North Dakota does have
libel law. Lieut.. Frank Streeter Of
Linton, recent independent republi-
can candidate for lieutenant COVER
nor, is now out Of the political race.
Throughout the last few weeks Of the
recent primary campaign, league
speakers psinuated and came out
with yelled charges against the moral
record Of the Emmons county newspa-
per man.
tits understood that action is pend
Ing both civil and criminal for sland-
der and libel.
V.C. ENDS SEASON
WITH n UInTnDV