The Barre daily times. (Barre, Vt.) 1897-1959, 1920-12-27
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NORTH DAKOTA STOPS
MILL CONSTRUCTION
Because of Lack of Funds to Finish
the Work---It Is Proposed to
Sell Bonds.

Bismarck, N. d., Dec. 27.--Work on
the state mill and elevator building
at Grand Forks is to be discontinued
this week, or as soon thereafter as
practicable, according to resolution
passed by the state industrial COM
mission
The resolution stated that the finan-
cial situation necessitaties discontinue
ance until further funds can be OBJ
tanned through sale of mill and ele-
vator bonds.
When completed, the mill was
planned to have a capacity of 1000
barrels of -four daily and the elevator
to hold 100000 bushels of grain.
Faro, N. D., Dec 24.--The state Of
North Dakota is engaged in four lines
of activity usually followed only by
private interests. These are;
INSURANCE flor public building
and for cropsl.
2--Operation of mill and elevators.
3--Operation of bank.
4-Operation of home building as
ISOLATION.
These activities are part of the in
dustrial program, backed by the Non
partisan league. The last three named
are under the control Of the industrial
commission of the state.
Possibly the most ambitious of the
four programs is that for a chain Of
state.o owned mills and elevators. A
state owned -four mill with a capacity
of 1875 barrels day, is in operation at
Drake. A 5000 barrel day mill and
a 100000 bushel elevator are being
built hy the state under one roof at
Grand Forks. These win be ready in
time to handle wheat of the 1921 crop,
it rs expected.
The mill and elevator system is to
be only beginning, says Fl. Z. More,
state secretary of the Non partisan
league, the plan being to supply, event
ually, machinery to handle live stock
and other farm products. The final aim,
according to Mr.. More, is to handle,
store, manufacture and distribute in
finished form all these products from
within the state, thus avoiding trans
portation to distant factory points and
costs involved by passage through the
hands of middle men.
The program of the state bank, ac-
cording 10 Mr.. More, is to extend cred
il to the farmers and to mobilize mon
ey in the state at points where it is
most needed, by redepositing it in 10
cal banks at these points. The west
ern end of the state, impoverished by
five years Of crop failures has had
until recently 81 100000 more in re-
deposits than was originally drawn
from that section. he SAYS.
Before the November election law
provided that all public funds in the
state be deposited in the state bank
but an initiate law passed at that
time now makes the depository of
county, township. municipal and school
moneys optional with the treasurers
of the respective funds.
The capital stock of the bank is
81, 100000.
The Home Building association,
which is in its infancy, has built about
100 homes throughout the state, Mr.
More says. The plan is TO build homes
costing $1,000 or less and sell them
for a cash payment of one-fifth the
value and the rest in 10 or IL yeat
The monthly payment on
a $4,000 house after the $1,000 has
been paid, would be $2S.64, including
under the twenty year plan.
All public buildings in the state are
insured against fire and windstorm.
There il a demand, according to league
officials, that this insurance be made
available for private buildings. The
of this tax is more eco
nomical than in old line companies and
as soon as sinking fund has been
accumulated, the cost which now is
about equal 10 that charged by the old
line companies, viii be lowered, Mr..
More says.
A three-cent per acre tax is levied
on all tillable land for the state hail
tax Last year this tax cost the farm.
FRS who insured their crops, 2S cents |
per acre. This compares. according TO
Mr.. More, with II cents per acre
'harged by private companies for hail
Both forms of state insur
ance, he adds, are making money.