The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1920-12-09

III LAST 1I'1: TELLS IS lav,;; ;;;;i Il
INITIATED ~LAWS-MAKE NORTH
" DAKOTA SAFE FOR MORT
GAGE LOAN SHARKS
"Farm Mortgage investors return
to North Dakota" chortles the Fargo
Forum, first pagedly and editorially
and all over, it feels SO good it just
can't contain itself. It seems that the
"good news" was brought back from
Minneapolis, the I. V. A. Capital Of
North Dakota, by Mr.. w. G. Mcfad-
den, Secretary of the North Dakota
Bankers Association, who, according
to the Forum, said that but ONE con-
dition was attached to their comeback
by the investors, and that. was,
provided No Laws are Passed which
will nullify the effectiveness of the
Initiated Laws" Do you farmers get
that? These fellows will come back
provided you surrender the right OF
Self Government. How do you like it?
Do~ you fellows who voted Eyes" un-
derstand now what the laws the I. v.
A. initiated against the Bank of North
Dakota really meant? Also you can
how get an idea of what the I. V. A.
bankers meant when they talked about
the withdrawal of deposits meaning
"home rule" can't you?
Help for Farmers"
That's how the Forum puts it, not
us, and here's the core of the message
Macfadden brought back from I. V.
A. opolis: "The farm loan companies
which for years have financed az per
cen and bonus) that farm loan busi-
ness of North Dakota and which were
compelled to withdraw from the state
on account of laws (anti-12 per cent
and bonus) that were not favorable
to investors are now preparing to>re-
enter the state for the purpose of as
sisiting lat IL per cent and bonus) the
farmers in their proper financing pro-
viding no new legislation is attempt
ed that will nullify the effectiveness
of III per cent and bonus) the ini-
tiated laws" Al of which means, in
plain American, provided the people
of North Dakota surrender the right
of self government and the Farmers
agree to have nothing whatever to
say about what interest rates shall
be or at what prices their crops shall
be taken. "Some democracy.
"Direct Enough"
The "Bull Goose" Of the Forum is
so happy over the "return" of these
"Prodigal Sons of Shylock" that he
lust can't hold himself in and busts
loose in an editorial spasm of joy in
which he lets a lot of oats out of the
bag that would not otherwise have
escaped. Listen to these:
"The bankers have no direct inter-
est in political affairs, but they re-
gard such situation from rather cold
blooded business standpoint. The
first part of this sentence is false
hood, the last the cold-blooded truth.
"It was not difficult for them (the
mortgage loan bankers) to get equal
lv high interest rates with what they
considered greater factor OF safe
ty, elsewhere" (than in North Dako-
ta.) Then, may we ask, Why did they
hurry back so fast? Is it because they
believe the passage Of the initiated
laws will badly cripple the Bank Of
North Dakota and bring back the
"good old days" of IL per cent and
bonus?
The prosperity of the twin cities is
wholly dependent on the prosperity Iot
their trade territory and North Da-
kota is a very large part OF that
trade territory" "Wholly Dependent
DO you farmers get that? Remem-
ber how THEY have been trying
to make YOU believe that YOU were
dependent" on THEM and not They
on YOU for living? can honest
confession is good for the soul'' and
we compliment the editor of the For
um for the courage he has shown IN
showing up the real purpose of the in
itiated laws to "Turn the key in the
door Of the Bank of North Dakota: -
and thus make North Dakota again
safe for. the MORTGAGE LOAN
SHARKS.
P.S.
The truth of the whole matter is
that the mortgage loan bankers NEV-
FIR LEFT North Dakota; have been
loaning money all along Whenever
they could get their price and giltedge
security, and have no intention OF
leaving this or any other state as long
as they can find enough men who are
ready and willing to sell their birth
right for a mess Of pottage.
All the squonks Of joy shreiking
thru the Forums pages was but q
notice to all the little l. v. A. Bull
Gooses overthe State to trumpet thru
their columns faxed news Of "good
times coming" evolving some sort OF
s s- ~