The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1921-05-20
'RURALCREDlTS | \ Ed
| SYlEM = ! URGED
BYR... Il R... A. NEST0S
Independent Nominee For Gov.
ern0r Outlines Position
.5 on Bank .
>E X XPLAINS HIS IDEAS
Expands Upon Min0t Statement
on Bank Issued After
His Nomination
E EXPLAINS X HIS IDEAS

, Grand Forks, May 2O.-"The indie.
pendent forces propose to elevate the
Bank of North Dakota from it's pres
cnt position of expensive uselessness
into a rural credit system, similar
to that of South Dakota that both
can and will serve the people of our
state efficiently and Well" r. A. Mes.
tos Of Minot, independent candidate
for governor, declared here last night
when addressing a meeting in the
Grand Forks auditorium held in hon.
or of SveinbjOrn Johnson of Grand
Forks, candidate for attorney general.
Mr.. NestOs was invited to. speak by
those arranging the meeting and he
accepted the occasion as an oppOr-
tunity to state his petition on the
Bank OF North Dakota in terms which
could not be misunderstood.
The speech OF Mr.. NestOs was de-
lfvered at big Independent rally held
in the auditorium here A parade Of
citizens preceded the speaking, with
a band leading. J. F.. 7. O'ConnOr
presided and in addition to Mr.. Nestos,
Sveinbjorn Johnson, candidate for at
torney general, spoke. - ~.
''Une reason for predicting success
at the recall election MIR. Nestos
said, lis the fact that the cOnven.
ti0n at Devils Lake adopted pro-
gram that will appeal to all respon.
sible and sensible people as an honest,
earnest effort to bring order out Of
financial chads now existing and pros
perity to the people Of our state. IBy
this program it is proposed to reduce
the debt limit of the state from $12,-
100000 to $7,50O,OUJ that being the
estimate of the amount that will be
required in order to thaw out the
frozen funds and which are tied up
at the present time. In addition to
that this money will be used to COM
plete the building already commenc-
ed, to straighten out the affairs of
the home builders association and to
bring it to a close with the least
possible cost to the people, and to
furnish the funds for an economical
and efficient operation Of the mill
and elevator in Grand Forks, in or
der that this portion of the industrial
program might have fair and honest
trial. With the money thus provided,
we will also be in position to bring
the Bank of North Dakota out of the
present muddle and to the bring its
affairs to speedy close.
Lesueur Rejects Bank -
even LeSueur, the man who, to.
gether with ROylance, spent most of
1918 in gathering material for the pre-.
paratiOn of the industrial commission
and Bank of North Dakota bills,
states that the provisions incorporat-
ed in those bills as finally passed
made the success of the bank impOs.
sible and its failure foregone con.
clusion. The management has accen-
tuated the evils contained in the
laws with the result that the bank
has proven the most miserable fall
ure and fiasco Of the whole industrial
program. Independent forces propose
to elevate the Bank Of North Dakota
from it's present position of expen'
sive uselessness into rural credits
system, similar to that of South Da.
kota, that both can and will serve the
people of our state efficiently and
we'll. The program adopted at the
Devils Lake convention met with my
hearty approval then and does now.
! april 13 | made short talk at
meeting at Minot similar to the one
held here tonight and in that talk l
touched upon some portions of the
program adopted at the Devils Lake
convention. The Fargo Courier News
Continued on Page Seven)