The Bismarck tribune., 1921-12-01
CRAWFORD And
DENAULT NAMED
TO POSITIONS
Former Will Be Secretary of
Industrial Commission;
Latter in Bank
EXPLANATION is GIVEN

Lewis Crawford, of Sentinel Butte,
former member of the state board of
regents has been appointed secretary
OF the Industrial Commission, and
w. B. Default, OF jamestown, will be
manager of the farm loan depart
ment of the Bank of North Dakota, it
is announced today
Mr.. Crawford has been engaged in
business and farming at Sentinel
Butte and was member of the first
board of regents. Regarding the Sc
lection of Mr. Default, Goevrnor Nes-
tos made the following statement:
"Have just noticed the statement in
yesterdays CourierNews that A. B.
Default had been asked to become
Director General of the Bank of North
Dakota and stating that he was the
of the -Dickey
Company and that it was expected to
kill the Rural Credits or Land Loan
Department by the first OF the year.
This is incorrect and unfair in every
particular. 1t is w. B. Default who
has been urged to become the head of
the Bank of North Dakota with the
understanding that he was to become
iaso the manager of the Rura Credits
Department. He has declined to be
come the head Of the bank but has
finally consented, upon our urgent re-
quest, to reorganize for efficiency the
Rural Credits or Farm Loan Depart
ment of the bank. He is not the rep
resentative of the Wells-Dickey Com
pany, as stated, and he has not
worked for the company for the past
seven years. He is an experienced
and capable real estate loan man and
this administration believes that the
men who understand business can
give the state the best service in that
business and are more likely to pro.
duce results ofvalue to the people
| than those who are not experienced
in that particular line of business.
"Mr. Default is careful, cOnscien-
tious and conservative in his business
methods and l am confident that ne
will establish real loan business
for the farmers of our state. We do
not believe that the loan business
should be charity institution or a
bureau for distributing political fav-
ors and the only ones who will be
disappointed are those who are look
ing for chance to sell their land to
the state by making loans for the full
value of the lands. am confident
that in his administration of that de.
na rtment the conditions found last
fall, when it was discovered that sc
/ loans had been made for more thar
the full assessed value Of the land
making heavy loss to the farmers
Of our state inevitable, will be impos
s:ble under his administration of thu
Rural Credits Department, but the
people who want to make real estate
loans in conformity with law; viz: fol
not more than one half of the value o
the land, will have splendid chance
under the new administration.
| ain order to have an extra check or
values, the new administration alst
proposes that with each loan applica
tion there shall be filed the auditors
certificate as to the assessed value
of the land for the past three years.
81 believe that the states loan bust
ness should be conducted on the sam'
sound conservative basis as one woult
use in building private loan bust
ness, and I am positive that Mr.. De
Nault will develope just that sort OF ;
real estate loan business for the peo
ple of our state. am very glad in
! deed that Mr.. Default has consente'
TO serve and l am sure that his ap
pointment and his conduct of this de
partment will meet with the approva
of the farmers of our state