Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-03
SENATOR'S WANT
BANK PROFITS
PAID TO STATE
Resolution Calls Attention
to Session Laws Of 1919
to That Effect
(By STAFF Correspondent

WI - .L lie r.. .
Bismarck, N. D., Feb. s.-1f the
profit Of $~121,S83.17 and has accumu-
lated q reserve with which to repay
the legislative appropriation in the
sum Of $~24,108.87. as cited in the re-
port OF January Is, such money should
at this time be paid into the general
fund Of the state. Is the gist Of a reso-
luton introduced in the upper house
Storstad and r. J. Gardiner, Inde-
pendents.
The concurrent resolution calls at
tention to the provisions Of Section "a,
Chapter 147 Of the Session Laws Of
1919. that the industrial commission,
shall, out of the earnings of the Bank
Of North Dakota replace in the general
ceived by the commission for estab-
fishing the Bank Of North Dakota.
The Resolution.
Therefore, be is resolved. by
the state n OF the seven.
tcenth legislative assembly, the
house c0ncurring therein, thai the
industrial commission be and Is
hereby ordered and directed to
direct the manager and director
general of the Bank of North Da-
kotA to pay into the general fund
of the state of North Dakota,
forthwith. the amount IL the ne.
serve now accumulated for the F
purpose Of repayinE legislative
appropriations" says the report,
and that the manager and irec-
tor general be further directed to
pay at h end Of each month into
the general fund of the state the
amount accumulated, until 1t has
been reimbursed in the amount
equal to the appropriation made
for its establishments"
The measure was referred to the
committee of state affairs.
A divided report made Tuesday
afternoon by the committee on state
affairs on Senate Bill 81 which would
appropriate $4,000 0 for the purpose
Of buying, leasing and operating a
state coal mine started a long debate
bill to the same copmittee for further
consideration. a.
Coal Mine Project.
The state owned coal mine projec,
was the only new venture recon.
mended by Governor Frazier in his ad.
dress to the legislature on the open.
ing day. When reports were read tc
the senate Tuesday, the debate was
along strictly factional lines.
Senator Steel Of Stutsman wanted .tc
"call attention Of members to the fact
that this bill carries an appropriation
Of 100000. We are all looking to q
program Of economy and this does no,
appear to be in that direction"
Senator Church, Lacquer, i'm.
mediately declared that the state
may save in n year what it costs tt
put the mine into operation" ;.
1T has been therefore, predicted
said Senator Stevens Of Ramsey, In
dependent, that the state would saw
money on some things, but the result.
have been sue that I believe it hes
to- stick to conservative lines ant
finish up those state owned projects
we have already started"
Owing to the limited amoun o.
coal n NNorth Dakota, it is now tim.
to prepare to conserve this and TAX.
advantage of t." was the offer Of Sen
ator Fraser, Lacquer, who then quotet
the home builders department Of thl
Norwegian government as working fol
thirty-fve years to achieve success
and finally succeeded. Such a min'
probably would be beyond the expert
mental stage in. six months"
Would await Report.
Grand Forks. thought 1t would be ,ad
visable to defer action on the bill unit
I'VE get a report on the present stat,
owned industries"
Senator Levang. Lacquer. though
the natural resources Of the stat,
should be developed.
1.-THE papers "a the bank repor
shows a profit" said Senator Eastgat,
of Grand Forks. Independent, "an<
any time o can show me such actua
profits which might be used for sucl
a purpose as buying a state coal min
I'm with YOU. Lets find out wher,
we're going first"
Senator Mees of Morton. indie
pendent and Senator Liederbach o
Dunn. Lacquer. tangled in a wordy de
bate on the price Of coal, and on tn,
mine question.
Senator Ployhar then moved tina
the measure be referred to the com
mittee on state agairs. Within tn.
next few days there may be thing
happen which would cause some q
the senator's to change their minds
Some of us might even want to vot,