The Sisseton weekly standard. (Sisseton, Roberts County, S.D.) 1892-1929, 1921-02-18

their affairs and make reports to the
governor and public The state audit
committee in December was composed
OF three state officials opposed to the
Nonpartisan league, which mas spon-
sored The bank and other state indus
tries. and although they are now out
OF power it is the ST Paul auditing
company they engaged whose report is
not made public.
The audit shows that the bank has
assets totaling s1S.S3OOo0 and liabili-
ties totaling s16,s5OOO0. or assets So.
100000 in excess of it's liabilities.
The report, which states that the
audit found the condition of the bank
to be just what its last monthly state
ment indicated, also shows that the
Bank of North Dakota has invested
s2.599.069 in farm loans and s1.951.-
$50 in state bonds. In "a banks which
have suspended during the last four
months the Bank of North Dakota had
deposited s64S,S94, virtually all of
which is secured. the report says"
INVESTIGATING THE BUILDING
TRUST
The New York state investigation
into building trust graft reminds one
of the famous insurance company in.
vestigations in ADMINISTRATIONS forces
step i'm to stop the procedure just when
things really important are coming to
the surface.
Samuel Cntermeyer, counsel for the
legislative committee, brought out a
few astounding facts about how the
great steel companies dictate labor pol
icy by refusing to sell. of how makers
and jobbers of building material bring
about monopoly prices, and he had
started to hear witnesses as to why il
is so hard to secure loans for building
purposes from savings banks and in.
surance companies. Then the legisla.
tive committee decided that things had
gone as far as was safe.
Brindell. of the New York building
trades union, has been found guilty of
accepting graft from employers and
consequently of being traitor to the
workingmen who employed him. And
this conviction is evidently all the poll
ticians want in the matter.
scHWAs's "HoNoR"
Perley Morse, head Of the auditing
firm which uncovered the Schwab
voucher, declares that the senate com.
mittee does not know what 1t is talk.
ing about when it clears him of blame
The committee was satisfied to take
Schwab's tears as proof
In regard to Schwab's honor" it is
interesting to note that in 1894 he. as
superintendent of the Carnegie Steel
company, was found guilty Of plug.
ging and otherwise concealing blow
holes in battleship armor plate. The
company was assessed and paid into
the public treasury a fine of $4,000.
And the congressional committee said
in its reports: "The commission of
such frauds is a moral crime of the
gravest character"
WHERE DISARMAMENT STANDS
Disarmament. for the time being. an.
pears to be suspended between those
who feel 1t to be absolutely necessary
for saving the world as it is and those
who feel that we have got to fight q
major war for world trade.
Beneath the surface it is principallv
struggle between our international
bankers and our manufacturers and
other exporters. the first group natur.
ally aided by all the progressives CD
posed to war on principle.
International bankers see themselye,
ruined by competitive ornaments and
by the existence Of Russia. Our manu-.
facturers see that America can moi
possibly use much more than half OF
their productive power, and that theil
normal business and profits involve
taking foreign trade away from those
which now have 1t. whether 1t be Ger
many, England or France.
The monopoly profit system Of doina
business. which makes it impossible
for a people like ours to buy back a,
consumers about as much as they
make as producers, is the great wal
making factor in civilization.
II the international bankers win 40
called disarmament they will brina
about war to restore Russia 70 ex
ploitation and other wars to put dowr
revolutions. If the other profit erour
prevents disarmament, We shall hayl
a major war. with one or more of thu
great military and trade nations.
3,473,4se WORKERS
Unemployment in the United States
disclosed by nationwide surve,
made during the month Of. January b.
the department Of labor. reveals tina,
3.473,466 fewer workers had Jobs thar
a year ago. This official survey wa,
made by . spesiaa 80 C Assse.--
tors under the direction Of John M
Densmore. head Of the department,
employment service. In making tn,
figures public. Mr.. Densmore said tina
it was possible that some Of the idl,
workers had found employment in az