Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1921-11-10
N MAY !. BREAK
ALLEGED ILLEGAL
BOND CONTRI &C 4 Nl'I'I|, ACT I
R. A. Nestos Pledges State
Economy CO and Fufillment of
Every Independent Plat
form Promise j 81 IN Address at
Devils LAX Bond Con-
tract Question. III


\ torney General-elect johnson de-
clared they will stand by Independent
7 campaign. pledges. Mr.. Nestos said
/ that steps would be- taken to. break
Z the bond contract which the Bank of
a Toledo house, in violation Of the
law requiring that bonds be sold for
!! cash and not less than par. This
point was raised in the suit Of the
|, Stutsman County Tax Payers which
will come before the supreme court
Thursday, on the question Of juris-
3diction of the lower court.
The necessity Of making certain
farm loans is recognized at the pres
\ ent time, thru the Bank of North
Dakota. Mr.. Nestos said III part:
In this victory the candidates are
mere incidents. 1T is the cause for
which we have been fighting that is
essential. At the end Of the campaign
we have no enmities, and no scores
to settle. 81. {ts K
.sThe important thing is for all the
citizens of our state to join in pro-
gram of unity and service.
There are great problems facing
us. Their solution is not the work of
a few months, but nevertheless much
may be done in the future towards
y solving them. Z ,s
'tThe situation has been complicat-
B ed by the defeat of the initiated laws
y Some say! this may be taken as a
mandate that the people Of the state,
want none Of the platform pledges Of
the Independents fulfilled. Others
claim, that it is a mandate that the
state shall continue in the same
manner az under Nonpartisan league
81 rule II
Promises Binding
] the situation we have a1e GER
tain promises. The people of the
state when they elected us! to office
knew what these promises were, and
elected ns believing that we would
carry them out. s5Sl sSis: III
We will go ahead and carry out
to the best Of our ability every plat.-:;
form promise and pledge made. /, !,
Among these promises was5a pros.
gram Of rigid economy. AS soonas
the inauguration has taken place
there Will be a cutting down Of aex-,
penses,by the cutting from the state
payroll of the many employees now
drawing salaries for purely political
reasons. No one, however, will be
removed merely OttSOf malice. n
Contract Means Loss
I'VE also promised that the state
bonds would be. sold. This promise,
will be carried out, but not under the
present alleged contract IT, legal
means can be found to prevent it. ~:
s.This contract provides for the
sale gOf 6 percent bonds alta per-
cent discount. This means Loss to
the state in go years sof $l0,OOO,0OO,
provided $4,000, 600 worth of bonds:
are sold. III ia. SSss s5Sss s::
.'The law provides that the state
bonds shall not be- sold below their
par value, and il bonds have been
sold under this contract sit iss e yio-
lation of the law. ,5.s Ss5;
q I'VE believe that we can and will
sell these bonds at par or at q pre-;
MUM SO they will yield from 5 to- IS
sone7half percent to- the purch
1--WE promised the farmers rural
credits at cost, and this promise
must be carried out, In spite OF the
defeat Of the rural credits law, 1t will:
be possible for the Industrial COM:
mission to carry out this part Of the
program through the Bank of North
Oak Il s3s 328si Si9i
SIN the administrati ito NOT the Bank
of North Dakota emphasis will be
laid on the rural ere dts feature. We
will make the Bank of North Dakota
a real servant to the farmers.
"a ssss johnson IndOrsess Stand h
\ S!2 Mr.. Nestos was 10 lowed on the
platform by SYeinbj bjOrnss j ohRsOn.
whose address was brief. e said a In
part ss4s. .s
"a "a 81. can only ada my ihdorsel elnents stoS
what Mr. Nestos hassp promised I'M res
sgard to carrying out q p,rrs campaign
pied ges. The time has come 70 make
our performance 80 nara ltth our
promises, and We 4 WI 4 make every
effort to- do 10 Z
Real htt
sss 81 Ia regard III my own department
sofs the state governIh ents can q only
SAY that viii do 1 my hest 20 make
Sit a real legal dep a,rrttme ent for the
benef spf allsa the people sinstead ds0f sa
group ot pol It'll lam. he men who!
have been ustng I III q or that pnrpcses
hope that alll sSof y II te6pIe Wllf 4
4 & tl,e gI 8 A
g !s tas 4,
platSorn q didatss
ssnlSts be peri formed y An .
tina 0nl |.
made psr 4 81 E' ss 81 s ,3