Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-12-29
State Government
Actively Engaged
in Business World

" Associated Press
FARGO. n. d., Dec. 1S.-The state
I North Dakota " engaged In four
I mes II activity usually followed only
~ private Interests. These are.
!. Insurance dor public building and
'or cropsi.
?. Operation ~ mills and elevators.
O. Operation ~ a hank.
T. Operation Of a home building 30
ISOLATION.
These activities are part OF the ~.
lusirial program. hacked by the Nom
artisan League. The last three
inmcd are under the control 81 tho
Industrial commission ~ the state.
pofglbly the most ambitious of the
our programs Is that Tor chain NJ
tate owned mills and elevators. A.
toto owned flour mill with capacity
< 20 barrels q day " IN operation nc
Drake. 4 3O00.barrrl day mill and
I 1900. OOO.bushcl elevator are being
1uih by the state under one roof AZ
irnnd Forks. These win be- ready ~
me TO handle whca, ol the 1921 crop.
Is expected.
Tho mill ard elevator system In 20
" only beginning, fays II. u. Moro,
tate secretary ~ the Nonpartisnn
caguc. the plan being TO supply,
ycntualy. machinery 10 handle live.
took and ,thcr farm products. The
lnnl aim. according to MIR. More. IN
handle. store. manufacture ana di-'
.lbutc IN finished form ull these prod
,cta from within the state thus avoid
ne transportation e. distant factory
oin,s ard costs involved by passage
through m, hindr OF mlddlemcn.
Tho program ~ ,hr state bank. nc
.ordinr To Mr. More, Il To extend cred
~ tho formers and g. mobilize money
n the state at points whore II Is most
ccd,d 10y rcd 1p1Slting In Local
| ,iuks %, these points. The western
/ nd ~ the state impoverished hy five
ears 81 crop iallurer. has had until
rccntly 81 .ooo.OoO more IN depos u
han wns originally drawn from that
4 pct.on. be- says.
Before the November election a law
provided that ull public funds In tn
tate D. deposited In the state bunk
,ut an initlntc law passed AT that tim
inw makes the depository ~ county
ownshlp. municipal and school money
optional with the trcagurerT OF thee
q respective funds.
Tho capital stock 81 the hank
g. OOO. GOO.
Z The home building association
'hich l. In lts infancy. has built abou
! M homes throughout tho state, Mr.
d toorc GAYS The plan II 20 bull
ONES costing $1,000 or less and SCI
) hcn Tor cash payment ~ one fit
he value and the rest In 10 or 20 Yea
aymcnts. The monthly payment on
. 600 house after the 1900 has bee
aid would be s9S.Gi. including Intel
~. under the twenty year plan.
~ public buildings In the state ar
isurod against fire and windstoIIr
here II a demand. according IN Les
Ne officials. that this insurance h
'adc available Tor private buildlnS,
h. administration uf this tax a NOR
rpnomical than IN old line co,nnanlr
I nd as soon as u sinking furd ha
zen accumulated. the co.'s, which IN,
n about equal tn tina; charged IY q,
, III line companies, viii be lowered Nj
lore snvg.
three cent rer acre tax IL levH,
Il - al tiliablc lnnl for the .,iaic hdi
AZ Last year this taN cost the fapn
'rs who insured thrh crops. IS cen,
h 'cr acre. This compares according q
hr More, with - cents per acre charg
y private companies for hail protoc
ion. Both forms ~ state Insurance ~
idds, are making money.