Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1921-06-09
news AND coMMnT

ages of printed information regard |
ing bonds of the state of North Da-I
kota which are now being offered for /
sale All the information printed |
in these circulars is presumed to be
absolutely authentic because they
come direct from 1.-THE State Bank of |
North Dakota at Bismarck They
are advertising literature sent out for
the purpose of inducing Kansans and
people in other states to invest IN the
state bonds The bonds are adver-
tised as being not only safe invest
ment but remarkable good one
They may be, but
In looking through the advertising
literature and in the boost for the
sale of the bonds, we find this:
Thousands of volunteer sales agen-
cies for marketing the bonds of the
State of North Dakota, which were
| boycotted by investment bankers, will
soon be in active operation in every
important center throughout the
country. Carl d. Thompson of the
! Public Ownership League of America
heads the campaign among the Labor
Organizations.
seThe city of Chicago is being organ
| lied for a 100000 campaign. At
a meeting of the Chicago Federation
| of Labor on May Goth, committee
| of one hundred was formed, which
| may be increased to five hundred
| thousand, the purpose of which is to
| canvass every labor union, progress
| sive organization and individual in
| the city of Chicago"
Tr,f ,Ie<>
| find that the total bond issue for the
| North Dakota mill and elevator, the
State Bank of North Dakota and the
Home Building fund is to be $780,
OOe
| We also find that the estimated
wealth of the state of North Dakota
including farm lands, crops, coal
| fields and other property is $780,
| 100000. The assessed valuation of
the state is 81 500 900, 900. The pres
! emit value of all state owned property
is $40, 1884 ,844. 27.
| Plenty of security back of a bond
issue of only $4,000, 900, you will say,
and we will answer eyes. But
| We want to ask few questions be-
fore buying any of the bonds.
In the first place, the paragraph
quoted above, say the bonds 3twere
boycotted by investment bankers.
| Why?
If the bonds are such a good in
| veStment, why is it necessary to go
to the expense of putting on a cam
paign of five hundred or one thous-
and workers in order to sell them !?
If the assessed valuation and the
estimated valuation of the State Oh
North Dakota is so much larger thar
the value of the bond issue why can
not the bonds be sold in North Dako-
ia?
Are the people of North Dakota Sc
| hard up that on the basis of an est
cannot raise $4,000 900 among them
| selves?
Are the men of North Dakota VIII.
| possess wealth afraid to invest in tn
bonds of their own state, so much 81
that it require a nation wide cam
paign to sell 6,20O, 900 worth of stat
1 bonds
ii Kansas could sell six million dollar
Il worth of state bonds without pIacins
an advertisement in any paper let a
II lone putting on campaign with
ii thousand or more workers and tn
II expense of hundreds of dollars wort
II of printing and postage
Hi Several years ago we lived in Nortl
n Dakota for seven years The cit
III zens of the state at that time wer
II truly loyal to it. As loyal as W
kansans are to our state at this tins
II We believe that state pride and stat
u loyalty still exists in North Dakot
and that there must be somethin
/ wrong with the bonds or the securit
or the citizens of that state wou1
II purchase every one of them even q
a premium rather than to have the
Il state receive the uuaIifu of adveartis