The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1921-01-14
HOUSE DEMANDS
INDUSTRY BODY
EXPLAIN ACTION
Wants to Know Why Bankers
Committee Proposal Was
''Summarily Rejected
FINANCE TALK UPPERMOST
NOnpartisan League Floor Lead
ers Denounce Resolution
as propaganda

charges Of propaganda on the part OF
the Independents, Governor Frazier
Attorney General Lemke and Com
missioner of Labor J. N. Hagan, COM
prising the industrial commission,
are called on by the house of repre-
sentatives to point out "s0me real
reason why the proposition OF the
bankers committee was summar;ly
rejected and waved aside with the
flippant and baseless charge thar
such proposition was made at the
dictation Of Wall street or some 9th
er mythical power alleged to be op-
posed to North Dakota" 2
The resolution. introduced by Rep
resentative Joseph A. Kitchen OF
Sentinel Butte, lays the blame for
present conditions in the state on
what he says is a breaking down of
our state financial system and says
that the only hope Of alleviating pres
ent conditions "rests in our ability
to so conduct ourselves and our af-
fairs as to regain as speedily as pos
sible the confidence Of others which
we have lost" s.
Points Out Proposition. ~
It points out that as a result of
the conference called by the state
bank examiner, a committee of bank
ers proposed to make Immediately
available $6,25O,00O and in all prob
ability s7,0OO,0O0 more If such sums
should be needed to fairly try out
the mill and elevator projects now
under way, the home, builders asso-
citation and restore to every public
treasury the cash which each should
have available and to make the Bank
of North Dakota a serviceable rural
credits bank and banking institu-
tion for the state as we'll as for state
institutions and industries; all with
out any other requirement than that
they should limit the operation OF
our so-called farmers Industrial pro-
gram, for the present, to the several
projects it, is thus proposed to fl
nance" :. ss,. y.
4 Kitchen said the situation was fur
ther aggravated by the drop in prices
for grain; that the state needs at
least $35.O0O,0OO in credits and that
it must be prepared to give property
security in order to regain the states
farm standing"
Patterson Assalls 1t ....
The first speaker after Kitchen
moved its adoption was Patterson Of
Renville. He held that it was a d.
rect slam at the state officials and
the people of the state.
''This is nothing more nor less than
political propa ganda", he said. ut
is an attempt to poison people 50
they will think that the state is be-
ing looted by bunch of carpetbag-
gers. We have set about to mend
conditions in this state and that is
why this backflre is started. I alb
solutely approve of the industrial
commission in its refusal to sell out
to Wall street." h.. ,
Patterson began to discuss the
program in general and Speaker
Twitchell at this point asked him to
limit his remarks to the matter un-
der consideration. .-sa
Patterson took exception and asked
If the speaker meant to be discour-
teOus. -.. .-l,oa
mo-, replied the speaker but the
rules must be obeyed".
Patterson started again and the
speaker summarily ordered him to
sit down. "
Kitchen was the next speaker.
T am in favor of this resolution
he said, "because the only people to
which the people could turn in this
emergency were the bankers OF the
East. They were requested to make
the offer as that we might get the
money. In it they stated just what
they could do if we did certain things:
I believe in trying what we have be-
fore starting anything new. But the
industrial commission treated these
bankers when they responded to us
request not only disrespectfully but
nublished statements which would
have been all right If they had
not come in an arrogant manner 70
cram something down our throats'
but as it was were contemplate"
Vogel of Ward, maintained that the
bankers did not say they would be
able to furnish the $6250,O00, but
that they would try and sell the
bonds.
Where's Wall Street Cash
Johnson of Pembina, asserted that
he didn't know of any money that
ever came from Wall street and he
wanted to know where the gentle
man who had preceded him intended
to get the money.
Vogel replied that he did not know.
Maddox here moved a motion 10
defer, which was lost by vote OF
SO to 50.
Maddox then spoke to the motion.
at is in part untrue, he said. Il
am opposed to the industrial COM
mission binding itself to any body
of men. 1t is absurd. This is not a
state financial crisis. 1t is nation
wide, worldwide 1t is absurd to
give the impression that this state
alone is facing financial difficulties.
It is a worldwide condition.
Watt wanted to know what state
ments we're untrue Maddox replied
that as he had only heard the reso-
luton read once he was unable 70
speak with certainty, but that he be-
lieved the resolution stated that our
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