The Devils Lake world. (Devils Lake, N.D.) 1920-1982, 1921-02-16
"P'ay Up Or Shut Up
Bank Of North Dakota Wreckers Promised A
Dose OF Own Medicine. Cathro Shoot
ing EN- Over To Reacti0naries

From the day it wa established the Bank Of North Dakota proved to
And because it proved to be a success the money trust decresd that
Why7 Because If the Bank Of North Dakota proved successful other
states would establish state banks, with the result that the business" Of
the banking trust Of "skinning the public" going and coming would be ser
iously interferred with.
So the smart mn who re in the employ Of the money trust were
ordered to plan al attack o. the Bank of North Dakota.
They thought up the scheme Of changing the lam S o as to take away
uniting counties, cities, school districts, etc, to withdraw their funds from
the bank and deposit them in other banks. amounting in all to around ten
million dollars.
Nearly ALL the bankers in the state circulated the petitions for the in
tiated law, and they worked for its adoption among their customers, many
the purpose of having the bank examined, the real purpose Of the law being
carefully concealed from the voters.
Judasfaced state official, the initiated law carried.
Of course everything "a lively and the hired assassns of the peoples
bank were in high ghe.
And then something unforeseen and entirely unexpected happen
ed:-the big fellows down casts who control the activities of the
federal reserve system, ordered a degree of defadon- Know what
defhatnn means7 Well, a simple answer is to make dollars scarcer
and therefore more valuable by keeping them away from the people
and poveres to resist. agricultural loans were called and credit
eurtaled. With the result that the bottom fell out of the grain mar
the guarantee on wheat by the government during the war, came
into their with = whoop, and the things they have done to the
producer have been plenty. And they are still at it.
The little bankers in North Dakota who were falling vel themselves
in carrying tut the orders Of their masters, were not expecting anything
So after the law which they had worked St hard for, became effective.
the county teasurers, city treasurers and other treasurers they were able
to influence, withdrew their funds from the Bank Of North Dakota.
When the bankers conceived the brilliant idea Of the initiated law, times
were prosperous, money was easy and plentiful. 1t never occurred to them
thA they would ave the sngntest QWcuNy IN OOdlnln IOm odnhS oO"H
below" the money they might temporarily need in repaying to the Bank Of
North Dakota the money they had accepted On deposit and borrowed from
1t. They were notified to be prepared to return the money they owed on
the day the new law became effective.
BY this time the country vas returning to normally" at a rate that
fairly Jared the back teeth of the little money changers, and they hastily
called meetings Of the clan, and begged the state bank not TO- enforce col
lechons at that time, and they proposed various schemes for cooperating"
with the state to tide things over. They even promised to float the states
bonds, and when they submitted their proposition it vas found to have a
string tied to it which meant abandonment of every movement started to
free the farmers from the grain thieves. Sure; that's all they ever wanted.
And then the prosituted press, the venal vampires which for filthy,
blood soaked dollars, would besmirch the good name of the state which gives
them harbor, came out from under cover and brazenly announced the real
object of the fight against the Nonpartsan league, WIS.,: the scrapping of the
Bank of North Dakota, without which the entire program Of the farmers
must fall.
Their WI f1unkies, HAIL. LANCER and Koztzky, spent five weeks
in making the examination of the bank for which their initiated law
provided. An auditing company was hired by them to assist After
weeks of effort not one thing of any consequence found to
eHtiGse. Such a report of course a not what the wreckers wanted.
81 they set about to have an Investigation" made by a l. v. A.
controlled legislature, since which time readers of the daily press
have had dished up for them rectals of sef-confessed perjurers,
dmcredited politicians, and hescandal mongers, for the most part
having absolutely no bearing upon the bank, but all for the purpose
of bspattning it with the muck and me prepared by constituencies
hreinga.
And Al a result, the worm has turned. Some 200 or more banks which
owe the Bank of North Dakota, have been peremptorly ordered to pay or
be closed by the state bank examiner. In the meantime, owing to the con-
slant withdrawals Of funds at the behest of the wreckers, the bank has
ordered the registering Of nearly all state warrants, allowing them to draw
interest at 6 per cent until they cat be taken up and paid for out of the funds
which the banks of the state have been called upon to return at once.
This is what the Bank of North Dakota should have done o. the day