The Bismarck tribune., 1920-12-07

or Other agencies IN the present
feel that attempt their good offices promote political
fortunes would be violation of their confidence and would break
down all efforts toward cooperation This the evident feel
ing of hundreds of bankers who gathered at the capitol this a
They will their efforts to help everyone the state
but not to ppetuate system which they feel disastrous to
the state &a#>
Wesley Mcdowell chairman August Johnson
of Washbrn elected temporary secretary of the meeting
called to order in the senate chamber by Mr. Lofthus So large
chamber and the meeting moved there
After delivering ringing address advocating optimism and
other states Mr. Mcdowell called Governor Frazier who
applauded
large attendance Launching into review of the sa
ion the Governor said the banking problem not North Dakotas
other states that publicity had not been them Too
much publicity had been to North Dakota conditions he said
entire ation and which is responsible in large measure for the
situation in North Dakota
Cooperation with the North Dakota for the purposes
working out plan for financial for North Dakota
nerca Club preliminary meeting bankers
been called Bismarck by State Bank Examiner Lofthus to dis
ed by Wesley Mcdowell of Marion who presided and urged the
the to pedGs the he Or p 6S% Of the mill and
bonds the credit situation that conon the Bank Of North
Dakota.
No formal action taken The meeting merely get
together session and the bankers urged to pack up private
grievances secee all monkey wrenches and attend the
billed late this afternoon the chambers of the senate
The Of Mr. Mcdowell to the bankers made
following conference of the officers of the North Dakota State
Bankers Association with Director General Cathro Of the Bank
of North Dakota Governor Frazier and Attorney Generaeect
William Lemke He declared that these gentlemen willing
place all their cards the table and meet the bankers
scheme solve the various problems arising out of the
present situation which confronts every state in the Union
Not Endorse Principle
conceded by the bankers who addressed the conference
that action to assist toward harmonious settlement Of diff
erence the bankers did endorse the principle Of staeowned
mills and elevators the Bank of North Dakota but willing
give and take the crisis and cooperate with the state admns
aton carry completion the mill and elevator under constrc
to thp
bonds the extent that public funds tied up
North Dakota real estate mortgages could be released to do
duty the various localities where aid most urgent
y f. Spirit of Optimism
There spirit of optimism, seeming determination to
lay aside all political considerations and idea of repsa provided
the representatives of the state administration would meet the
bankers strictly business basis and with the sole idea
working out plan that would place North Dakota where be-
longed Mr. Mcdowell termed hgh up the roll of honor
with integrity unimpared.'
AS the bankers left the hall to prepare for the afternoon
meeting, Mr. Mcdowell admonished "#
No Monkey Wrenches "
"No monkey wrenches this afternoon gentlemen"
Judging from the applause which greeted Mr. McDoWes
address, the bankers favor take attitude
the entire situation that cononts North Dakota both
of the economic conditions general the nation and also by
the initiated passed at the general
that spirit that the bankers will Frazier
Cathro, Mr. Lofthus and Mr. Lemke this afternoon
pointed out however, that the state has plan worked
willing accept plan the bankers propose which will COM
pose differences and solve existing principles