Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1921-03-03
WE EXTEND OUR THANKS

The local league organ, after main
tanning the silence of the grave on cur
rent affairs for several weeks, makes
up for lost time last week by being
filled from end to end on dope on how
"Big Bizz" is wrecking the farmers
program" 1t is evident that the
dope editor" of the Free Press has
been off the job temporarily, and left
the league editor with no choice but
to ignore everything that has been
going on.
The Record is again profusely ac-
cused of lying. That reminds us that
once upon time the Free Press out
fit said something about 500 reward
offer if the Record would prove state
ments that they claimed to be lies.
When called, they shut up tight, as
Emmons county people will we'll re-
member. This time, the Record is
charged with lying, but they are more
circumspect. They simply make the
charge, and let it go at that.
Now, after waiting several weeks,
the Free Press attacks the list of
banks published by the Record Feb.
10th. They say Linton banks were
net included. Certainly they were
not, and for the following reason: Our
original list was published simply to
show what mammoth deposits were
being made in some of the banks Of
this state, and the capital and surplus
was given to show the comparative
size cf the banks so favored. The Lin
ton banks were not included because
they have not been carrying a lot of
league paper, and consequently
haven't had great favoritism shown
them by the Bank of North Dakota.
However, we will now be glad to ac-
ccnmodate the local league sheet. In
fact, it gives ur an additional chance
to bring home to our readers the vast
favoritism shown by the great Bank
of North Dakota.
Here are the figures for the Linton
banks, which the Free Press seems to
desire: as of December Sd, the date of
the report,
Liability to
Cap. Surp. Bk. of N. D.
City National. >. $4,000 $7,5OS.59
First National =. 10000 9,2562S
Peoples State :. $4,000 2,008.S9
Now, then, Free Press, compare the
figures of Linton banks with those
published in our issue of Feb. 10th,
which seems to have "gotten your
goat. We republish few samples:
| Busted Banks:
Liability to
Cap. Surp. Blk. of N. D.
Donnybrook State $33, 400 $93,534.31
"a bank now busted, with capital
and surplus less than either the First
National or City Natioanl, Of this city,
has ten. times as much state funds as
either Linton bank)
Tolley State $4,000 63,588.85
Security State, Co.
lumbus 49,. >. 27,7O0 5O,129.55
Fortuna State 80. 10000 47,111.06
(These are all closed banks)
Banks Still Running:
ISlope County
l State, Amidon. 1850 1881 80
First State, Klo-
ten ...... 49,. 2O,50O 65,619.33
(The bank Lofthus was running
when appointed state bank examiner)
Farmers Bank,
Ray ........ 10000 53,375.6 SO
And here are Jorgen Olson's three
banks, with total capital and surplus
of 100000, and liabilities to Bank. of
North Dakota Of $25e,5s2.s9. The
three Linton banks total capital and
surplus Of 100000 and their total
liability to Bank of North Dakota is
$1s,7 s,733.76.
Some fine comparisons, aren't they :?
And we're duly glad that the league
paper called our attention to the pos
sibility of these particular COMPARE
sons.
The Free Press opines that the capt.
tai and surplus has nothing to do
with the ability Of the various banks
to meet their obligations. Quite true,
indeed. But, as the state examiner is
the only one who can get peek at
the paper in these various banks, the
above is the most we can do to give
the people line on relative condi-
tions.
J We might, however, state that the
evidence at the hearing in Bismarck
shows that the state bank examiners
office had had reports from it's field
men showing some Of the banks to be
in rotten. condition ,uhich xuo,.o ho;v,rs