The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1920-07-16
BANKERS Will
HELP FARMERS,
TO MOVE CROPS
Appoint Committee to See Rail
roads to Secure Relief from
(; Freight Car Shortage

Valley City, July l6.-The North
Dakota bankers in their annual con
yention here today discussed a num-
lber of problems affecting the people
of the state.
One of the main topics discussed
was the matter Of securing sufficient
freight cars to handle the North Da-
kOta crops. The association decided
to appoint a committee to take the
matter UP, not only with the rail-
roads but with the interstate COM
cerce commission to bring about 4
remedy if possible ~
Taxation and blue sky stock selling
were also discussed yesterday sfter-
noon. Bankers are against the blue
sky stock selling and are planning
to take actions that will protect the
farmer from these statesmen.
Presidents Address
"An evil which we should do every
thing in our power to remove Is the
unfortunate friction between the
country and the town which has been
fomented and fostered by political
demagogues to serve partisan end"
said President J. J. Early, of Valley
City in his address at the opening
of the convention There is, in fact,
no better friend of the farmer than
his banker, and on the other hand
the banks of this state are supported
chiefly by the farmers and the indus,
ry of agriculture The interests OF
the town and country are not merely
mutual, they are identical, and the
town contributes as much to the coun-
try as the country does to the town
A live, enterprising town like Valley
City adds from $25 to $50 value 10
every acre within it's marketing radi-
uns, and larger town, like Fargo,
adds more"
In speaking of farm mortgage sta
tistics, he said that they demollsh
another familiar argument OF the poi
itical demagogue in that heavy farm
mortgage Indebtedness does not indl'
cate poverty or hard time, but proves
corclusively the opposite. The four
states of Iowa, Illinois, Wisconsin
and Missouri, aggregating only eight
per cent Of the area of continental
United States, but carrying more than
&c per cent of the total farm mort
gage Indebtedness of the country, ara
the most prosperous agricultural
states in the union, where values are
the highest farm improvements best,
acre. yield the greatest, and credit
the easiest and the cheapest"
Makes Recomme ndations
In his address President Early
made the following recommendations:
That committee be appointed to
cooperate in seeing that the state is
supplied with coal for the coming
winter; that action be taken to Sec
pre sufficient cars to handle the
crops; that a committee be appoint
ed to work with similar committees
from other states to accomplish
change in the Federal Reserve bank
law that will insure reasonable ex-
rhange charges for legitimate service
rendered in remitting for checks:
Adopt Resolutions
Resolutions were adopted by the
association. They include resolutions
advocating the support by the associ-
alton both financially and morally OF
all farming and livestock enterprises
within the state, the appointment of
a committee each year to be known
as the Educational and Community
Welfare committee" to cooperate
with other interests of the state in
the education of the states children,
and the condemnation of the guaran-
tee and deposits law in that it is un-
just and political in nature and that
it should be amended" 'i#