The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-12-02

are trying to get that law repealed be
cause they have made muss Of it.
Nothing can be further from the trutl
The law was initiated because the
people of this state had been. refused
an examination of the bank. It is
believed by majority of the tax pay
ers of the state that the bank needs
a careful checking up. The governor
and the commissioner of agriculture
and labor, majority of the industrial
board, do not want the bank examined
until they get control of the auditing
board on January first. These Off
Gals refused recently to pass reso-
luton asking the legislature to pro-
vide the necessary funds for an audit
of that bank. They do not want it ex-
amined for some reason or other. The
Courier-News is also trying to make
out that the closing of several small
banks is due to that new law. It
knows that this is bunk. The closing
of the banks is due to the inability Of
the banks to meet their obligations
caused by the farmers holding up their
grain and not paying their bills and
also by the failure Of crop. AS mat
ter of fact no money has been required
by the Bank of North Dakota from
any of the banks closed, because the
new law is not yet in operation. What
the league bunch is trying to do is to
stave off an examination until after
January first and so they are trying
to raise this issue of special session
to repeal the new law which is not
vet in effect. Their work is too coarse.
The independents and all people who
want a square deal want that bank
examined and the present auditing
board will find way to get the money
and will go ahead with the examina-
ton of that bank.
The state board of auditors have de-
cided to audit the Bank of North Da-
kota in the immediate future. The
governor says that the bank should be
audited by the new board of auditors
which goes into office on January first
and says that if the present board au-
dts it it will simply be a matter Of
politics. The governor has all along
tried his best, along with other leaders,
to keep the facts about this bank away
from the people. Agitation to get a
special session failing the next excuse
is that it is politics. There must be
something wrong with that bank to
make the leaders squirm. It is true
that politics has governed this insti-
tuition ever since it has been put in
operation. It is politics of the So
cialist order that has run the state.
Hordes of high paid men have been
placed on the payroll Of the state to
run needless institutions and bureaus
and the big, bank has been run along
the same political lines. Men who
have been league adherents have been
able to get loans while real farmers
who should have been protected along
these lines have been turned down.
Political propaganda has been spread
from this banking institution to help
keep this socialist regime in power
and the time has come when the peo-
pie should know it's true condition. If
i. we waited until Mr.. Lemke took bis
seat on the administration board Jan
uary first. there would be no examin-
alton of that bank that would tell the
people what they want to know. It
would be another political whitewash.
It is better to let the present board
examine the bank and make a report
to the incoming legislature. We be-
lieve that the present auditing board
will make a fair and open examina-
ton.
Nv. A. frantic over situation. This
in the headline in the Fargo morning
paper this morning. It alludes to the
, initiated law passed to send back
funds from the Bank of North Dako-
ia to the separate counties of the
state. The only ones that are frantic
are the league leaders who have been
trying for the past few days to create
a stampede among the legislators to
get a special session called to repeal
the law which is so obnoxious to the
gang of socialists now running the
state. A poll Of the members Of the
legislature, however, made by the
Fargo Forum reveals the fact that all
, independent members are standing
firm against repeal, and as it takes a
two-thirds majority to repeal any law
the hope of the gangsters has gone
glimmering. The state bank will be
examined, the funds wilA be returned
to their proper depositaries, the old
state will resume it's even keel and we
look for business to settle down to a
steady grind with very little bad ef-
feet. To be sure the shortage of
money has put crimp in business, but
North Dakota people have experienced
bumps of this kind in other years and
have weathered the storm and they
are going to- do it this time and the
country is not going to the demnition
! bow-wows at that. What we need is
curtailment of unnecessary expendi-
lures and the conservation of money
for immediate needs with a determine
ton to face the future with confidence
and optimism. North Dakota is not
the only place where they are exper-
fencing shortage Of money. It is a
nation wide condition but here, on &C
count of the uncertain conditions
which have existed about this state
bank, and the reckless way in which
the state has been run, investors have