The Tomahawk., 1921-02-24

their affairs and make reports to tho
governor and public. The state audit
committee in December was composed
Of three state officials opposed to the
Nonpartisan league, which has spon-
sored the bank and other state indus
tries, and although they are now out
of power. it is the St. Paul auditing
company they engaged whose report is
not made public. !.
THE audit shows that the bank has
assets totaling $1s,S30,Q00 and liabili-
ties totaling $16,650,000, or assets 49,
100000 in excess Of it's liabilities.
1.-THE report, which states that the
audit found the condition of the bank
to be just what it's last monthly state
ment Indicated, also shows that the
Bank of North Dakota has invested
$2,599,069 in farm loans and $780,
$50 in state bonds. In "a banks which
have suspended during the last four
months the Bank of North Dakota had
deposited $648,394, virtually all of
which is secured, the report says" 49,
...rS
INVESTIGATING THE BUILDING
TRUST
The New York state investigation
into building trust graft reminds one
of the famous insurance company in.
vestigations in 19O5-mysterious forces
step in to stop the procedure just when
things really important are coming to
the surface. ~.
Samuel Untermeyer, counsel for the
legislative committee, brought out a
few astounding facts about how the
great steel companies dictate labor pol.
icy by refusing to sell, of how makers
and jobbers of building material bring
about monopoly prices, and he had
started to hear witnesses as to why it
is so hard to secure loans for building
purposes from savings banks and in:
surance companies. Then the legisla.
tive committee decided that things had
gone as far as was safe. ~
Brindell, Of the New York building
trades union, has been found guilty of
accepting graft from employers and
consequently of being a traitor to the
workingmen who employed him. And
this conviction is evidently all the poll
ticians want in the matter. .~....=,
scHWAB's "HoNoR" =.
Perley Morse, head of the auditing
firm which uncovered the Schwab
voucher, declares that the senate com.
mittee does not know what it is talk
inu oho,,t u,hon r. o1oo NO =, i'm ~ t1o y, a
The committee was satisfied to take
Schwab's tears as proof.
In regard to Schwab's "honor," it is
interesting to note that in 1894 he, as
superintendent of the Carnegie Steel
company, was found guilty of plug
ging and otherwise concea1ing blow
holes in battleship armor plate. The
company was assessed and paid into
the public treasury a fine of $4,000.
And the congressional committee said
in its reports: "The commission of
such frauds is moral crime of the
gravest character" 49,"
WHERE DISARMAMENT STANDS
Disarmament, for the time being, ap-
pears to be suspended between those
who feel it to be absolutely necessary
for saving the world as it is and those
who feel that we have got to fight q
major war for world trade. oa5E,s-z.
Beneath the surface it is principally
a struggle between our International
bankers and our manufacturers and
other exporters, the first group natur.
ally aided by all the progressives OBJ
posed to war on principle. = =
International bankers see themselves
ruined by competitive ornaments and
by the existence of Russia Our manu-.
possibly use much more than half of
their productive power, and that their
normal business and profits involve
taking foreign trade away from those
which now have it, whether it be Ger.
many, England or France. T. \ y
The monopoly profit system of doing
business, which makes it impossible
for a people like ours to buy back as
consumers about as much as they
make as producers, is the great war
making factor in civilization. : ,
If the international bankers. win So
called disarmament they will bring
about war to restore Russia to ex.
ploitation and other wars to put down
revolutions. If the other profit group
prevents disarmament, we shall have
major war, with one or more of the
great military and trade nations.
=. = - - . -" T..
- :, s,47s,4ee WORKERS
Unemployment in the United States,
disclosed by a nationwide, survey
made during the month of January by
the department of labor, reveals that
3,473,4 66 fewer workers had jobs than
year ago. This official survey was
made by a special staff of inyestiga-
tors under the direction of John NJ.
Densmore, head Of the departments
employment service. Insmaking the
figures public, Mr.. Densmore said that
it was possible that some of the idle
workers had found emn1oyme ont in -.