Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-03-18

Whereabouts Cred
Under sstl,e
Il Discus.
Marvellous methods OF tinAncegs.Ai
praottced In North Dakota under thu
glorious sunshtne OF the New d,
and the sNonpartisan league adminis'
tration were discussed yesterday " ]
J: Early Of Valley City atiths oonvsn.
ton Of the NorthWestefn: credit Mem
association held here Thursday.
Nj. Early was q member of the
special committee Of Bankers OF the
STATE WAlchS erd0Avored. to reach Sonhe
agreement N1th the state administrA-
ton regarding the sale Of bonds, and
other measures Tor financial relief
Although the attitude Of the League
bosses made. any such arrangement
impossible the work Of tho committee
enabled its members to gain an ever
tion9 than that possessed by, the Nv.
erAge banker. ss l.
The,complete text Of his address Il
as follows:
ITO my mind It is particularly up.
propriate that this meeting held on
the 18th Of March should be held a
Grand Forks, where 30 many 6f youi
citizens, including many that are
prominent in business, banking. and
the professions, are descendants Of
the race which claims st. Patrick ~
It's patron saint. Among your mum;
erous O'Connors you have n who
might have been Governor today II he
had a different name. but who may
be Governor yet for all that.
And you have many. many other
the same good old Irish race to which
my own ancestors belonged, and So
am very happy to be the guest o.
Grand Forks today, when all oul
people, including our Norwegians
join to celebrate our st. Patrtck's holi.
day, as we Irish will turn In to helF
u Norwegian friends celebrate theil
f7th Of May.
MY first recollection OF Granf
Forks was more than thirty years aEo
when q boy working for fifty dollars
a month for a manufactured of agrt,
cultural implements in eastern New
York, I entered orders, made out in
voices and posted entries to the &C;
count Of Collins and Murphy. referred
Ito by the travelling men. as Steve Col.
and Irish nov-"You can tell It b,
their names. and by the facial feature,
appertainin' to the same" -,.
~.
Nortan system. -,
1T Ia, also practicuariy fitting
that this gathering Of credit men
should meet In . state where ii
credit has. been and still is so
abundant. North Dakota fairly
Overflows with credit, as the Red
River which flows thru your city,
Credit 10 Supposed to be based on
capital and asets and on produce
tion and on the movement Of pro-
ducts from producer to con.
= sumner. But here in North Dakota
we take all the credit that is
going and acquire new md addi-
stional credit by creating new
Akences to produce it. We create
a hank without oapital and run II,
without money and through this
aeency ispease on1osa votumes
faitSfnI VIZ Ian Z, IN Long time
ana invest a. In rery,.ne.t strnct.
urea ID eemrely thst not a~nennv
az ~ can = sNsav or eet hck 70
i~taSorsrfnei f1nid NotS,
insS nen~ cnnarv.tive ~ "a =.
esiktne exaInrle az firht cnon-
ernse ~ le1lare IN i~nanossdhie.
we issac hon6G nur ns.n. ohIien.
\tiona ~ skll hcTo In nnraelveA
nsxtns f6r tharn WITH 'nnr n..r
money nd emit nnnallv we y
tire inte1eet an tl1eee konds 20
~onrsa,ra Nth onr or,n Dnonnev
ANA credit s~onrenlyrs with 4
r,rof1t, IN. one -trans.rftnn, i ~
frne c~nn.Hrystinn ~ Tarstsi snd
az credit. Not nenny nels
auay. M VET the ~nrnT,nters n
fhis n.,inue ana WORTH enter.
nrise are csl,e6 radir.is uheIeas
thcv are onlr krenin~ MOTH nss
Eots rnnnev ana North naEota,
.rrrd,t5 IN Nor4h T1Aknsa' rhe ~
|fe,n whirh ~ndnce the.~ m.rrei.
nm. ,estlts viii ~ thA envy ~ tho
SrnrlH when a. ts nrnnsarIv nnder.
stond. ma T. vill ~ N4cr1nnd
~ nrfnfersa INK ana IN nsce ada
can .-ccnrnnliah theft nnr,csr -,
-
Credits Basis.
81 said that credit, ordinary ,credi,
not the North Dakota home brand t
which I have referred, is based o,
production and the movement Of pro
ducts from producer to. consume,
Now it Is we'll to bear in mind tina