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

The sudden political turn over at
Bismarck in which the league Leaders
have agreed to liquidate the Bank OF
North Dakota and turn it into a rural
credit bank shows that Mr.: Townley:
and not Mr.. Lernke is still the big say
so among nonpartisans. Credit must
be given A. C. Townley for seeing the
disaster that was coming to the state
bank and it is due to his hard work
among the members Of his party that
the agreement to put the bank right
was obtained. He was the fellow VINO
is responsible for the condition OF
things in North Dakota that has re-
suited so disastrously to the state
and he is big enough to face the mu,
sic and trv to save the other industrial
projects that the farmers have want
ed-the elevator and mill. There has
never been a time since the league
started that majority OF those VINO
are classed as independents were
against the mill and elevator-they
have been for it, but they were and
are now against wholesale move
ment of state socialism with the SKY
the limit for every fanatical idea that
might originate in the mind of some
of these socialists that have been I'M
ported from the ends of the earth to
tell US here how to govern ourselves
and how to spend our money. Most
of our money has been spent IN fool
ishness and big salaries and the new
day program has been real harvest
for an army of men who never put IN
real davis work in their lives and
MANY of whom will now have to go to
work or starve as the end along these
lines is very near. There is going to
be a cleaning up }of the 71eeches that
have fastened themselves upon the
throat of this state and if the indie
pendents are wise they will still IN
sist in some of those who have been
responsible for the present condition
of things be given what is due them
and fire them from further pubic SER
vice. The Fargo bank which has
something over four hundred thous-
and dollars of. state money and only
a capital Of, sixty thousand dollars
shows that the banking laws OF TINS
state have been criminally abused
and those responsible for it should
be made to pay the penalty. Under
the agreement reached at Bismarck
between the various factions and aft
err the legislature has passed proper
laws to safeguard the bonds that will
be sold, then the bankers and others
will 90 out and try and sell six mil
lion dollars worth of state bonds to
safeguard the banks that now have
state funds, provide money to go
ahead with the mill and elevator and
to finance the other institutions OF
the state. The agreement is wise
and sane one and we think will meet
with the approval of all factions with
the exception perhaps Of a few radl-
Gals who still believe they have 6ralns
although they have never seen them.
There are some people who will say
that we should give the industrial pro-
gram thorough try-out We recon-
mend to them an earnest study OF the
report of the audit company on North
Dakota industries. The Tribune in
sists that we have tried it out II that
report has missed the mark and the
present financial and political I'M
passe teaches US no lesson we are
blind bourbons. ..-
When a state changing administra-
tions every two years attempts to 60
into business for a profit disaster IS
just around the corner. If North Da-
kota had an autocracy similar to what
once obtained in Europe. a state could
put governmental paternallsm across.
But industrial programs have no place
in the American scheme of govern
ment.
We have tried it out rather extern
sively and extensively nowhere
should be no room left in the independ-
ent program for any plank that even
suggests going any further with the
socialistic scheme.-Bismarck Tribune
FULLY INDICATED AT LAST "
Vindication for William LANCER and
Thomas Hall in the matter of closing
the Scandinavian American bank has
come after more than year, and the