The weekly times-record. (Valley City, N.D.) 1912-1922, 1921-02-24

credit bank, fire the present bunch Of
incompetents, compel all who have
been the cause of this inefficiency in
state affairs to resign, then elect some
real business men to Office and put the
state back again on solid foundation
There will be no peace and no real
credit until such things have been &C
complished. We are getting nowhere
at Bismarck. Legislation is of a de-,
sultory sort, no constructive leglsla..
ton can be put over this session and
all we have gotten out OF the sixty
days session is big investigation that
has been revelation of mismanage-
ment and graft and one that has SET
tied the credit of the state as being
far below par and which will continue
on that level until there has been q
complete change Of management in
state affairs.
The emergency tariff bill passed the
United States senate yesterday by
vote of As to 80. This bill is designed
to aid the farmers of the northwest.
1t is predicted that President Wilson
will veto the measure and if he does
it is doubtful whether the necessary
two-thirds can be secured in the SEN
ate to pass it over his veto. The
house would pass it all right. Presi-
dent Wilson is just stubborn enough to
veto this measure-but he has been
overridden regularly on all his vetoes
lately and it might be that even the
senate might pass this over his objec-
lions. w. -
As the bill passed the senate, it
carried the following import duties:
wheat 30 cents per bushel; f1axseed
80 cents per bushel; wheat flour and
semolina, 20 per cent ad valorem; corn
and maize, Is cents per bushel; beans
2 cents per pound; potatoes rs cents
per bushel; peanuts or ground beans
three cents per pound; lemons two
cents per pound; peanut oil, twenty
six cents per gallon; cottonseed, CO.
coanut and soy beans oil, twenty cents
per gallon; cattle, Except for breed
ing purposes) thirty per cent ad valo-
rem; sheep, over one year old, two
dollars per head; sheep, under one
year, one dollar per head; fresh and
frozen meats, twenty-five percent ad
valorem; long staple cotton Zone and
inches) seven cents per
pound; cotton manufacturers, z cents
per pound; u14washed wool, Is cents
per pound; washed wool, 80 cents per
pound; secured WOOL, 45 cents per
pound; sugar one cent per pound, in
addition to the present tariff of one
cent per pound; butter and substi-
tutes, eight cents per pound; cheese
and substitutes, % per cent ad valo-
rem; fresh milk, cents per gallon;
fresh cream five cents per gallon;
condensed or preserved milk, 2 cents
per pound, and sugar Of milk, five
cents per pound.
People would have more faith in
these rabid nonpartisan politicians if
they would only take some of the med
icine that they continually prescribe
for the rest of the world. Take this
matter of state bonds for instance.
From every corner of the state they
stand around and tell what elegant
securities state bonds are, but these
same men do not rush to the support
of their fellow politicians by buying
the bonds themselves. Recent dis
closures in the bank examination
brings to light the fact that it is cold
,oin of the United States that the lead
ers have been getting from the
people of North Dakota while these
bonds have been lying in the state
vault covered with cobwebs and musty
with age. The bonds seem to be good
enough for the people but mighty poor
stuff for the politicians. The bonds
Of North Dakota will be good as gold
when we get a reorganization Of at
fairs in this state, when we get rid
Of the bunch now in control and when
legislation has been passed to protect
hesey bonds and safeguard them. In
vestors outside of the state as well as
inside of the state are chary about
ouying bonds which are just as liable
20 be cancelled under this new day
soviet reign Of government as any,
hing in the world, and we do not
blame people for being backward
about buying state bonds. The bank
rs are not going out to sell these
ooRds unless they are sure they will
)e absolutely safe investment. The
disclosures Of Bank Examiner Lofthus
S a revelation to the leaguers them
selves as we'll as to those who ex-
2ected this sort of testimony. His
testimony shows that when the sol
1ency of the Scandinavian Bank of
fargo came up before the supreme
.ourt, that the records to that court
lad been misrepresented and on the
Examiners testimony the court de-
Jared the bank solvent and we think
was the Venerable Justice Robin
on who said 1--WE are going to take
his bank under our wing" They did.
Vow comes Lofthus and shamefully
ellis how he and others fooled this all
wise court. What is the court going
O do about it?
When the Times-Record published
he story. that several, nonpartisan
eague politicians had secured money!
rom the Bank Of North Dakota to
e4p out in the Townley shake-down
IL