The Ward County independent., 1921-12-15
Farm Loans Soon to be Made;
Nee Administration Accomplshes Much

appraised and approved by the last
administration, but which yet is in
Enclosed condition, should be carefully
investigated. 1t would also indicate
that there is some truth to the state
mems than some of the borrowers from
the state are perfectly willing to let
the state have their land at the figure
of the loan.
State Finances
According to statement issued by
the state treasurer the state of North
Dakota on the 9Th of the month had a
balance to it's credit in the Bank of
North Dakota amounting to $685.
1890. In this is not : included
money belonging to the Workmen's
Compensation bureau which would
byflg the total up to- over SO, 700 900.
DGring the month of November
there was collected from various
sources $1,347,O14.75 and paid out
1886, ,694.5O.
The report shows that the hail in
surance department had to borrow
$4,000 for operating purposes >hav-
ing run through it's appropriation.
Among other good spenders must be
counted the game and fish board
which has balance to its credit of
less than twenty thousand dollars,
having spent over twenty-one thous-
and during the month and more than
$53, 900 in the last five months of an
appropriation Of $4,000 which should
last for two years.
The political-financial profigacy
price, however, goes to the retired
attorney general for his handling of
the inspection department. Mr.
LANCER left balance of twenty thous-
and in this fund; Mr.. Lemke collected
$4,000 more, spent it all and left the
cash balance about five thousand in
the red. During November spent
81 ,O28.70 in cash, kept nine men on
I~the payroll after the funds were de-
pleted with the result that Attorney
General Johnson is looking around for
ways and means to pay about five
thousand dollars of outstanding bills;
there is no money to run the inspection
department.
The state university and the Agri-
cultural College have had to borrow
$33, ,0O2.59 and $25,327.87 respectively.
as there is no money in the general
fund to cover the payroll of these two
institutions. They have had to do
this three months running, so they
owe the Bank of North Dakota about
$165, 900.
Bonded Indebtedness of State
The bonded indebtedness of the
state of North Dakota is at the pres
ent time $4,784,4OO. according to fig
ures given out by the state treasurers
office. Of this $247, 900 dates back
to the time before the Nonpartisan
League regime, 100000 remaining un-
paid of the issue of 1898, $780, 900 un-
paid of the 1905 issue and $4,000 of
the 1897 issue; the first two issues
mature in twenty years and the last
in thirty years.
Of the mill and elevator bonds
there are only $1,400 outstanding.
Bank of North Dakota capital stock
bonds amount to $2,0O0,0O and ST.
5000 worth Of real estate bonds
complete the list.
To meet these obligations there is
in the sinking and interest funds $92,-
959.70 to take care Of old bonds and
$344,821.70 for the later bond issues
In this last amount is included $46,-
O82.16 as sinking and interest money
for Homebuilding bonds of which none
has been sold. There is Sal, ,496.8O
in this fund to meet conditions under
the mill and elevator bond issue law
with only 81 400 worth Of bonds sold
No More "Fooling" Will be Tolerated
The new administration will not
stand for any more "fooling' by re-
ceivers appointed by the retired ad-
ministration for the defunct banks
It seems that many Of these receivers
have decided to hang on to their jobs
as long Is possible with the result
that very little progress has beer
done in settling the affairs of ths