Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-28

WYNN Va
its wi community, for their nsr.
chandiss IL Of such . character that
the certificate holders pa1 them ~
and DO their trading with real mer-
chants who carry resi- merchandise
and perform resi- service without ask.
ing customers 70 pay 800 Tor the
privileges OF dealing with them. But
the great bulk Of the funds paid BY
the deJuded farmers were useful for
keeping up the work OF political 3d.
tation. for tho workers needed plenty
Of money TO keep them goeok h.,
Payment Of dues wa accepted N
any sort OF paper that the prospect
chose TO tender. The individ ual note
n the post dated check were e.
pcciaIly favored. Thousands upon
Thousands Of These bits Of paper were
collected. In some this paper
was placed directly with local banks
whose managers. although they knew
that much Ut II was uncollectabie, felt
impelled to take q chance on It rather
than incur the displcasurA Of poll
- ARVEAt va W IUIU LUo
whip hand. In other cases accom-
mediation notes Of various kinds were
Eecure from substan tia1 farmers, who
were assured that they would never
be called on to pay the notes, as funds
would be available out Of future COL
lectihns 10 take caro- Of tho loans.
There is not a fairly populous county
In the state in which scores Of farm.
ers have nc been compelled to mako
good On Just such paper.
Hut, while a score Of devices Of like
character were being used to obtain
money to meet pressing needs. and the
money was disappearing az fast ~
received, the Socialist junta wss max
Ing progress in It's real work Of
possessing Itself of the Of
the state. The Sank of North Dakota
was organized. and into II went all
tho pubic funds. Then began the
grand harvest. Tho scandinavian
American bank Of Fargo wis secured
aa mn outside agency with which to
connect up with the Bank Of North
'"NVNu' uVVt WAVbS ISAA VAluS
might be anywhere from ono por cent
to 100 per o OF ita face, was
passed through either the Fargo bank
or some other hank with which sim
liar connections had been established,
and on the strength of this. loans
were made from the Bank Of North
Dakota were poured into these rat
holes, and dirappeared. az might have
been expected. And then came the
explosion. y
Pursuant to a law enacted last fall
by the people Of North Dakota, an
examination Of the Bank of North Da-
kotn and other state industries was
made by = Arm Of certified public ac-
countants, and the report OF that Arm
has beet the subject of an investiga-
tionf In Tho house of representatives,
and the subject matter of the report,
and the record Of the examination
Of witnesses In connection therewith
is available to tho public. The Her.
aid has been giving to It's readers from
day to day. verbatim reports OF tho
more important Of tho testimony. Tho
facts disclosed, although not differ
Ing in character from what this paper
and others have predicted, I'm scope,
In studied completely for tho purpose
Of covering up the facts, and in the
evidence which they contain OF a de-
termination to place the entire rev.
enuos Of the state at the disposal Of q
Socialtstio faction for the promuiKn-
tton of Its peculiar doctrines, have far
exceeded anything that even the
most critical observer has suspected.
These are but q few Of the out
standing facts which are now before
tho people for consideration. 1t is
possible, In a single article, to touch
on but = few. But II Ia because Of
the knowledge Of the existing situa-
ton which has become public that the
demand for 4 recall Of several Of the
officials Responsible for this state Of
Affairs Is being made, and tho accom-
pAnying demand for the immediate
enactment Of legislation which. under
wtse and capable administration. will
undo much Of the damage which has
already been done.
| The Herald has discussed the re-
call on many occasions. Its attitdue
4 IN that subject has been perfectly
clear. This paper believes In the use
OF the recall only In a grave emery
ency. 1t is absolutely opposed to its
use Tor tho sake OF gaining a partisan
advantage. In tho present case It is
not only abundahtly Justified. but It
has become unavoidable II the credit
Of the state Ia to Ne saved and it, tn
tercsts are Ia be protected against
the further assaults Of unprincipled
narauders, Tho business OF the state
today u etAgnated. and ia credit sus-
pended, not because Of any lack Of r..
eources or any deficiency In real cap
itAl, but solely because the seat OF
its government has become = robbers
sooat. Tho emergency Ia here, and It
mus be met. 10 continue ~ Ne are
In out Of the question. II action ie
postponed We shall realise that which,
~ yet Ia merely In prospect, the ut
ter collapse Of tho state IN ia COM
meectAl activities. in the conduct OF
ito public husaness. In the operation OF
its schools In everything which makes
life possible.
apE4Ae Eever.
when the winter rheumAtlca warm
out Of " knees, then wc bark for