The weekly times-record. (Valley City, N.D.) 1912-1922, 1921-09-22

our SITUATION. we fancy LHdt He
knows what he is talking about, and
we are glad that he finds so much that
is encouraging. He adds that positive
signs of business recovery are to be
had. We will all 60 through the win
ter better if We get rid of our pessim-
| ism.
Several prominent newspapers are
making a great cutlery just now about
the activities of the Ku Klux Khan,
which activities they claim are wholly
pernicious and must be dragged out
into the pitiless light Of publicity in
order to block their bad schemes. The
Khan makes an appeal to class and
race prejudice and is of interest to
North Dakota residents just now be-
cause it's methods, so it is alleged,
are being copied by certain Of our po-
litical field generals. The Fargo
Forum rightly says that there can
be no more despicable way of getting
money or political influence than the
way of cashing in on the class, race
and religious prejudices Of certain So
called Americans. We venture to say
that one of the worst vices of Ameri-
can politics, as the gone is now play
ed, is this same disposition to make
fervid appeals to the blind prejudice
of the voter. How frequent in our po-
litical literature are the superheated
adjective and pit-suggesting noun.
How few are the politicians who con-
fine themselves to the straight isues
and refuse to indulge in pungent per-
sonalities. Maybe this is a necessity.
but many a quiet: sober minded voter
is wishing that we could sidetrack this
sort of stuff. and confine ourselves to
the discussion of principles.
General forcing Of collections this
! fall may cause some hardships and
may interrupt numerous cherished
plans. But the bankers are doubtless
right in reasonable demands that OBJ
| legations be liquidated and new basis
of credit established. Long standing
debts often become bad debts and the
best method of keeping man in the
debt paying and obligation respecting
frame Of mind is to compel him to full
fill those obligations at not too wide
ly separate intervale.
The point of the matter is the ne
cessity of the banking institution as a
whole being kept in sound and efficient
condition. Without that the entire
business fabric Of the country soon
collapse. The financial and credit
system is the cornerstone of business
and must be preserved at all hazards
This condition affects every man and is
far more than the mere exigencies OF
private business enterprise as some
regard the banks.
Credit was overdone during the
flush times of the war. The country
is struggling back to normal and the
curtailment of credit is one necessary
means of bringing this REIMBURSEMENT
to proper elimination. The payment
of debts and the steadying of the fin
ancial and business structures will &C
a long way toward bringing norma
and table conditions and Kidding the
country of the uncertainty that is SC
great a handicap at present.-Mino1
Daily Views.
The world awaits the coming con-
ference on limitation of armament:
with a great interest. Can we safely
undertake to get along without ou1
huge warships and our vast expendl
lures for military upkeep? Most PEG
pie would quickly answer yes, and i
is probable that the pressure of thi:
public opinion is going to be felt in
creasingly until our government take!
some real steps toward Tightening thu
enormous burden Of taxes which W.
pay for war preparation. So far thu
problem has never been very seriousl!
attacked, but we think the time has
come when the government can NJ
longer disregard the growing senti
ment in favor of doing something
Previous to 1914 there was one goot
and sufficient reason in the world TO
keeping up our military establish
ments; that reason was the fear O.
Germany and Germany's hostile aims
Il That sis eliminated, at least for tn
present, probably for all time to come
Is there today any similar reason ex
listing for the continuance of enlarge
nlent of naval and military power
Some say yes, and point to Japan
i Among other nations the only SAT,
i basis for limitation Of armament!
seems to be we'll assured. That basi
is confidence. France does not fea!
England. nor England France; tn
i United States does not fear England
i nor does England fear US. The aim!
and interests Of the great nations arr
i TOO much alike to fear trouble. Will
i Japan the case is not so clear. Sht
has betrayed certain aims and usee
some methods that indicate something
! Of a lack Of common purpose with thu