Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-01-14
MEASURE ASKS
EXPLANATION
FROM FRAZIER 4 I
Commission and Governor
Asked to Tell Why They
Oppose Bank Plan.
2tBy stAh Correspondent,

Bismarck, Jan. 14-storm was fol-
lowed by calm In the lower house OF
the North Dakota legislature yester-
day afternoon.
In the face of furious opposition
from the ,Nonpartisan League MAORI
ed a resolution which set forth In
plain terms the present condition of
the state and called Of the governor
and industrial commission to either
provide a remedy or explain why tho
offer OF the bankers to assist in the
conditions were met, vas turned
Then. before the smoke Of battle
had died away Representative VIM.
Watt of Cass county, Independent
floor leader. introduced a joint reso-
luton demanding that congress pass
effective legislation to prohibit specu-
lation in grain, and food products Of
all kinds.
The leaguers enthusiastically join
ed with h independents in passing
the resolution. and when the after
noon session closed, peace reigned su-
prefne.
The preamble of Watts resolution
slump i'm grain prices has caused the
agricultural Interested of the state
and nation to. be unjustly deprived Of
O fair, return on their labor n is
largely! due to the practice Of specu"
lation in grain and other food pro-
DUCTS. Also, that drastic and imme-
date action is Necessary to relieve
this situation.
It then proceeds: 4
Therefore be it resolved, that the
Legislative assembly of the state OF
North Dakota hereby demands Of
congress and strongly urges that it
enact such stringent and effective
measures as shall entirely suppress
short selling OF gram and food pro-
ducts of all kinds. to the M that the
price Of such products nla be regu-
lated m controlled by the supply
and demand of such products with
out artificial interference from n
source. NJ. =.
Representative Kitchen Of Golden
Valley county, introduced tho resolu-
ton which caused the light. The
preamble begins by calling attention
to the so-called harmony resolution
passed by the senak. 1t then points
out that a fair trial Of the industrial
! program has been made Impossible
state.
In unsparing terms the resolution
shows hat the lower price of farm
: products has made it impossible for
needed financial aid to come from
within the state. ana that to prevent
the threatened. bankruptcy of many
individuals and institutions, outside
aid must be sought.
> The resolution declares that the
only hope Of alternating present con-
ditions lies in conducting tho states
. affairs, SO as to regain the confidence
, Of outside investors and in O good
crop for 1921. 1t is moro important
that the impending crisis be averted,
and credit be restored. than any fur
, Their social or economic program, no
matter how attractive it may seem,
be carried out at this time.
The offer made by the bankers as
= a result of the conference called by
r the state bank examiner is then quot
! ed in detail, and the reasonableness
of conditions requis ed pointed out.
: Ignored Proposition.
Whereas, continues the resolution.
> Governor Frazier, and mis- associates
of the industrial commission have
refused to even consider this PROPOSE
ton made by these citizens of North
dakota interested only in the well
!, fare Of our state, who in order to al
leviate the grave ana acute financial
condition now confronting us have
!, ignored any personal opinion they
n lila lev DC w. IAl0 AAOS-
! tons involved in North Dakota's in
dustrial program:
/ The final paragraph Of the resolu-
ton read: /.
r BE it resolved by the house of
Representatives of the state of North
] Dakota that in reply to the .antici-
q rpated request of t,ae senate for our
concurrence in a rQ,olution providing
for a joint committee of the house
: and senate to. pass on all industrial
8 program legislation to be considered,
and which con<nittee would tic the
v hands Of this house so that no meas
+ ures pertaining to our Industrial pro-
gram affairs could be proposed; we
e hereby declare that in our opinion
: the first step necessary to the bring
n ing about Of a fair trial of the in
dustrial program now under way and
e of alleviating u present serious
financial condition, is for the COVER
nor and his associates on the indus
trial commission to either propose
some method by which the industrial
= program and the other needs of the
e state and its citizens can be financed,
g or to ut least point out to the legis-
lative assembly and the public, some
n real reason why the proposition as
made (by bankers) was summarily
rejected and was laid aside with the
fippant and baseless charge that
such proposition was made ut the
n dictation of Wall street or Some 9TH
ct mythical power alleged to be OPP
posed to North Dakota respectfully
! submitted to his honor, the governor.
. and to the, senate"
Then Comes Patterson.
No sooner had thv resolution been
9 introduced than Lell Patterson OF
Z Bottineau county, the league floor
leader. was on his feet.
q "Mr. Speaker he declared + have
Q lived in this state for - years. /
: ann n of the great army of farmers
a who have been exploited by the pro-
I fteers. Finally we uegan to find out
where the troublei fay and we sc,
about to remedy it. That is the rea-
9 son this back-fire has been started
. against the state industrial program.
e ITO pass this resolution is to con-
denim the state industrial program.
e How many Wall street minions wers
: c6nsulted in the drafting OF this reso.
luton? They see thv writing N, the
q wall. let us tell them that this state
a has not been surrendered to the Wall
street carpet baggers."
MI. Kitchen rose to defend his own
: resolution. we have heard q good
dsal Shout getting money from Wall
street." he said. NOW. I never got
money from Wall street; I used TO be
able to get it from the banks here,
It but now I can't. Now we want TO
~, - AA~~ 49, - - 49,