Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-06-11
HERE'S A LONG ONE ON OUR FAvoR1TE THEME

political problems
He agrees with that the farmer wants nothing
of socialism and voices the which per
OF the farmermembers of the Non-Parsan League had
when they with that organization
He understands and defines North Dakota socialism
to mean THE cooperation of the people of state or
nation in establishing remedial competition with such
industrial corporations have become monopolistic
profteering and overbearing.'
With such socialism" the editor The Tribune
agrees, and also believe that reasonable men
believe that individual enterprise should permitted
free rein only long it does not exploit the people,
that when does attempt to exploit then the
greatest good to the greatest dictates that
effective corrective measures should be taken to
~ the extent of establishing remedial competition"
The question is then whether the North Dakota
remedy has remedied. purely question of fact
and voters labor under great deal of difficulty in
getting facts. We like jurors listening to the trial
of in court where there is presiding judge
rules of evidence observed and every witness
perjure himself much he likes If every voter had
the time to Investigate all the facts wouldn't be
enough Townleytes left in Minnesota (ouside of the
radical socalists) buy wing aeroplane, but
much prejudice has stirred up that facts go
begging for attention.
The editor of The Tribune has been exposing Town
leyism for three and during that time
have read and heard of evidence both sides,
and have found great deal that unreliable Con
both sides) but judging from the evidence submitted
the remedies do not remedy, and the is
to tie up the farmer with radical socialism, from
which alliance he would with difficulty escape
Our correspondent that the Bank of North
Dakota established better
The that the credit North Dakota has been
ruined and interest rates have Money to loan
real estate withdrawn from North Dakota in
such large volume that within nine months after it's
passage the North Dakota legislature special session
had to repeal the money and credits tax in order to
the outflow of invested funds. The claim made that
North Dakota could finance ITSELF and that North Dakota
banks carrying large balances in Minneapolis,
opd to Pi1D and
this same Dakota according to it's pub
lshed statements carrying third of million in Min
neapois third Chicago and another third
New York. North Dakota farmers formerly got farm
loans from North Dakota school fund at five per
cent but those loans of the fund thru
of North Dakota and the farmer pays six to
per cent Gross favoritism is charged in making
and evidence submitted to show that specul
ators political have been granted loans
ceedng the assessed valuation which in North Dakota
is supposed to be hunderd cent, and exceeding
the fair market value Loans supposed to be made
only first mortgages real estate or warehouse
receipts for grain but farmer with that kind of
security get all the he wants anywhere at
a reasonable rate The money the farmer needs the
the short time money to finance his and
raising. For this he must still to the local bank
with the local bank crippled account of the with
all state county city town, village and school
district funds.
For the $35 900 900 of public funds under the
troll of the Bank North Dakota, the public has no
security except bond for $4,000 and the bank guar
antee fund bond is really security at all be-
cause it is the state bonding fund.- and the
taxpayers themselves support the fund because the
premiums paid from taxes 1t is like man putting
money his rght-hand pocket to make good the money
which he wastes from his left-hand pocket
The other safeguard also costs the farmer dear
the bank guarantee law every honest banker in
help make up any loss sustained by de-
positors NEUTRALITY-SUSPICIOUS. Bank of North
Dakota of the banker hedges against this
loss by asking higher rate of interest. Result: the
farmer again pays the freight.
In this the remedy did not remedy. But The
does believe that intended to remedy
plan Of state bank for the purpose of
giving the radical socialists at the head the control
of millions of North Dakota public funds the
purpose of financing other socialist experiments.
Our correspondent that "they established
an industrial commission which aids laborer and
farmer to build homes and buy FARMS Yes they have
a Home Building Commission with appropriation of
500 900 and they have built bungalow which sold
for S. 900 and cost $4,000. They have not yet
bought any farms for farmers but if the law in
effect in Minnesota might not be beautiful in
tice as is in theory. According to the our
correspondent nearly section of land in
Pepperton townships under this farm buying act
A. Towney could make application to have that farm
divided would exercise the right of eminent
domain, and correspondent would have to sell
the price which jury named. Just what evil this
would remedy don't know but do know that it
smells mighty strong of socialism for the state to step
in and take land the real farmer to any
who fances he wants it,
"They have established state insurance" Yes they