The weekly times-record. (Valley City, N.D.) 1912-1922, 1921-02-17

Y ~
Now that the rotten disclosures are
being made public in the Scandinavian
American Bank of Fargo, N. D., and
it's connection with the Bank of North
Dakota, what steps will the judges OF
the supremen court take to- correct
their position now-as compared with
their action at the time Attorney Gen.
eral LANCER made the so-called RAID
on that institution and the court took
the bank under it's wing!
The Courier-News is being kept
busy these days getting the "gum"
off Gummerson and has had no time
to tell the people how the state admin
istration board has betrayed the peo-
pies trust. Gummerson is the fellow
whom the legislators refused to long
er let into the state house to report
proceedings because he could not tell
the truth. In other words friend
Gummerson gummed himself up.
Statements that the Times-Record
have made regarding the punk condi-
ton of the North Dakota state bank
and other state industries are being
corroborated daily at Bismarck,
when additional testimony is brought
out by the senate investigating conf
mittee. Director General Cathro OF
the State Bank is said to have admit
ted to newspaper men that the State
Bank did not have enough cash to meet
current Indebtedness and there was
one item of $95, 900 which he had de-
clined to pay.
To those who would still keep alive
the hatreds and the wounds of the late
war we commend the noble words of
Lincoln, whose birthday we again cele-
brate today: with malice towards
none, with charity for all, (even our
late enemies) let us bind up the ma
TONS wounds that our country, under
God, may have a new birth of free
DOM" Noble words from man
whose true greatness we see more and
more clearly as he recedes into his
tory. We need the spirit of Lincoln
in our country today more than ever.
We are looking now for the Courier
News to put Townley in the traitor
class. He at least had the decency to
try and get the bunch to liquidate the
bank and save the state industries but
Lemke and his aides turned him down
and now Townley has gone out of the
state discredited with Lemke wearing
the crown. Townlry made the whole
bunch of them, now they turn around
and bite the hand that fed them.
According to the disclosures being
unearthed by the legislative investi-
eating committee it is becoming more
evident that the Bank of North Dakota
was conducted more as a clearing
house for taking care of good nom
partisan banks and their >adherents
throughout the state-than for the
purpose of aiding and assisting the
people in emergencies. Read the re-
port of the banks which have received
aid and comfort from the Bank of
North Dakota-in the form of large
deposits.
Now that director General Cath
70 of the Bank of North Dakota has
loosened up, we may obtain the facts
regarding the alleged vast profits
made by. that institution under his ex-
cellent management. No doubt we
may also secure corroborative proof
that the Bank of North Dakota and
the other industrial enterprises inau-
gurated under the socialistic regime
were, not for the benefit of the peo-
pleas alleged-but for the purpose
of extending the "New Day" theories
advocated by the Townley- Lemke-
Mills-Frazier, ct al socialistic incubus
which has been stencil on the body
polite for the past four years. Let's
have the facts Brother Cathro.
The question of recalling several of
the state officials has been the topic
of the I. V. A. convention at Bis
marck for the past day or two but no
definite plan has been reached as yet.
The matter will probably be left to
committee to take whatever steps
might be deemed necessary. To re-
call state officers it will require the
signature of $4,000 voters before the
election can be called Taking into
consideration the fact that the women
now vote it would not be very heavy
job to secure this number Of names
if they started out to get them. The
convention is going slow on this pro-
position and up to last night had not
voted to have a recall. The proba-
bility is that this matter will be left
over until after the legislative session
closes.
The appropriations committee at Bis
marck, if they are going to give any
money for improvements at all, should
certainly provide for physical edu-
cation building at the Valley City
Normal School. The only place this
big institution has for this work is an
old attic that has been used for years
and which is inadequate for the needs
of the institution. This is one build
ing that is really needed and necessary
and the legislature should allow it.
The school has dragged along with