davidaulloa/AmericanStories huggingface dataset:
Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1921-09-01
De vOE ENTERS
SENATE RACE
May be Unopposed for Nom
ination at the Coming
Primary Election
QUINN NOT IN THE RACE
Many Candidates for All Off,
ces Enter Contest Many
From This City
QUINN NOT IN THE RACE

IBy Evening News STAFF Correspondent
NEW BRUNSWICK, Sept. L.
County Democratic leaders are pick
ing their slate for the coming pri-
mary from the following candidates:
Fred w. DeVoe of New Brunswick,
state senator; James Murray of
Perth Amboy, Mrs. John Campbell
of Middlesex Borough, and Klemner
Kaltiesen of New Brunswick, for the
general assembly; Arthur b. Appleby
of Spotswood, J. A.. Smith of High
land Park, Frank Gordon of South
Amboy and Willard Apgar of Dun
ellen, for the board of freeholders,
and Daniel w. Clayton for surrogate.
DeVoe Alone In Race
DeVoe is still the only candidate
in the field for state senator. and it
is possible that there will be no fight
on primary day for the general as
sembly offices. But Arthur B. APP
pleby of Spotswood and either Smith,
Gordon or Apgar will be the two or
ganization candidates for the two
board of freeholder offices, while
William Hallahan and James
Burns, of Perth Amboy, and
Patrick Fallon of South Amboy. it
appears, will be forced to stage an
independent fight.
Although it is said County Clerk
Bernard M. Cannon is not taking
any interest in the arranging of the
slate this year. due to the fact that
he believes the leaders recognized by
Governor Edwards recently should
do this, it is understood that he will
get out and do his bit for the party
after primary day.
Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1921-09-01

HHIIunHn FIItS FCtIIIOH
(Bv Evening Ne~s staff correspondent
NEW BRUNSWICK. Sept. L.
William Hallahan, of Perth Amboy,
today filed with County Clerk B. M.
Cannon his petition for the nomina-
ton in the Democratic primaries of
freeholder. Mr.. Hallahan names
himself as campaign manager.
Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1921-09-01

A1StIIr NIUy INVIITC,
fBy Evening News STAN Correspondent
NEW BRUNSWICK, Sept. lit
is understood that George Allgair of
South RIVER, will not be the Demo-
cratic choice for mayor, at the COM
ing election, due to the fact that it
is rumored in this section of the
county that he will retire from the
race. Efforts are being made to
have his son, a cashier in the South
River Trust company and a former
deputy county clerk, make the run
for this office.
J. r. Appleby. Jr., said to be the
woman's choice for this office, is the
Republican candidate. 1t Is believed
that young Allgair would make a
better run against Appleby, than his
fnther
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24
ONLY Criticism Made Dodges Facts

1.-THE basis of our entire Industrial and economic structure is credit The
success Of all business enterprises is dependent to a large degree upon the
extension. The national reserve system as established for the purpose Of
snlargng. regulating and shb1lzng credit relations
Mr. Bishop might have added tina. the foregoing also as the purpose in
establishing the Bank of North Dakota.
18th Bank Of North Dakota Operates" he continues, under a plan
peculiarly analogous to the functions Of q reserve bank.
ut Is self evident that to properly perform these functions q bank must
"You are aware Of the prevalent condition Of contraction. This is general
and serious. In ome ways, it is particularly acute in your state. At such a
time and In such a condition the bank as organized should be in a position %
extend considerable relief through thu customary channels of credit extension"
In the press Of the state hostile to the present administration, chooses to
Assume Mr. Bishop based his next statement upon being misinformed, rather
than Oh the fact that he "a employed by politicians opposed to the very
idea of state ownership and a state bank. But the Industrial commission
The commission points out q very obvious fact. The commission had no
controlcv over the conditions which the report crticzes; namely the withdrawal
Of state funds n private banks where they had been redepoited.
A law initiated by forces hostile to the administration and the farmer.
labor program made 1t mandatory for the Bank of North Dakota to withdraw
these funds from private banks, because local public officials had taken
advantage OF the letter rather than the spirit of the law to provoke a
The law left the decision of the officials of public subdivisions to them
as to whether they would carry public funds in the states bank. Heretofore
they we're compelled to carry them there. Whatever may have been the issue
as the people Va it, the law and Its passage a engineered for the purpose
relative size in the world has probably W been subjected to such ar
avalanche Of Withdrawals Immediately the initiated act became effective.
Yet the bank stood UP safely, thanks to the action oft the Industrial commission
which issued n order that Withdrawals should be limited to the normal
Dakota alone that the order a designed 20 protect; but private banks
throughout the state, which, totering as they were, would have gone down
under cash demands from the Bank of North Dakota.
In audit report was written by a an m1sinformed on the subject
At any rate, the commentary of which the press fighting the present admins
6auon has made much of, says:
1T is therefore significant that, as appears herein, O November ~, 1920
redeposlts Of public funds in local banks to the amount of $,39OOOO 1T IS
APPARENT THAT THIS COULD ONLY EFFECT AN INCREASED STRIN-
GENCY AND DECREASE THE ABILITY OF LOCAL BANKS TO ASSIST
THE LOCAL MERCHANT AND FARMER AT THE TIME OF THEIR
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24

THE Bank Of North Dakota wal created as a peoples bank and is being
the situation just discussed; In pursuing this policy Of attempting to preserve
tions, the Bank of North Dakota has in many cases assisted financial institu,
lions the officers of which were doing their utmost % destroy the Bank Of
North Dakota, and irrespective Of what the future attitude OF such financial
institutions may be, the management Of the Bank # North Dakota has
announced that it intends to continue to operate in the manner best fitted to
serve the interests Of all the people Of the state"
The foregoing report vas offered to legislators, whose efforts to destroy
confidence in the Bank Of North Dakota were later to come out into the open.
Despite charges to the contrary, any unbiasedi inspection of the loans and
discount AID redeposit records of the institution will reveal that those COM
munnhes which are VIGOROUSLY hostile to the organized farmers and labor
who elected the present administration have received their full share of public
funds as we'll as those which have supported the present administration.
Were sincere efforts on the part Of the press and the politicians opposed
to the administration made to set the actual facts before the public, the
fairness with which each community has been treated according to its needs
and the resources of the Bank Of North Dakota would be as clear Is day
Instead of that, the socaned Investigation has become the stamping
ground for politicians. What wa purpored to be a fair inquiry inot the
business and condition of the Bank of North Dakota has failed to reveal any
unsoundness If policy Or practise; but it has permitted the politicians every
opportunity to miAead, dtHrt, over emphatic and misrepresent not only
the Bank Of North Dakota, but members Of the Industrial commission. Wild,
unsustained charges have been made with on and ne only object in view,
That object is the headlines in the press politically hostile to the organized
farmer and labor government.
On December 31st, the Bank of North Dakotas balance sheet showed a
net profit for the eighteen months of its operation Of $13599S50. But it is
another and more significant point that MI. Paddock in his report calls to
the particular attention Of the legislature.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24

any difference Of opinion on that score; n o attempts to block an impartial
Investigation.
Yet the house auditing committee Investigation is q show place to provide
a basis for newspaper attacks on the Bank of North Dakota for n purpose
on1y-to destroy the peoples confidence in the bank and make political
capital. ."%%
Every courtesy has been offered the auditors hired by the politicians
hostile to the Bank Of North Dakota; every courtesy and opportunity has been
offered % the house auditing committee or it's employees to find out whatever
1t Is that they have wanted % know. The commission has objected, however,
to a mock Investigation staged merely fr the purpose of creating newspaper
propaganda; of distoring details and releasing false impressions by deliberate
Misrepresentation.
Two complete audits of the affairs Of the Bank of North Dakota have
been made. One was that of Bishop, Brssman & Co.; the other a by the
Industrial commission. Both audits are in substantial agreement. Nothing
wrong a found with the states bank in either. That fact has stood out like
a sore thumb in all the attacks N the institution made before the house
auditing committee.
H. A. Paddock, secretary Of the Industrial commission, in his report on
the Bank of North D koa submitted to the house, senate and secretary of
state, reveals the error of fact In the commentaries of the Bishop, Brisman
company's report. He says:
TN the face of falling prices and heavy Withdrawals of funds by institu-
lions outside the state, the Bank Of North Dakota has used it's resources in an
effort to prevent disaster from falling upon the financial institutions within
the state. This is in marked contrast to the action of the Federal Reserve
bank of this district, which forced vast amounts Of LIQUIDATION within the
other sections of the same district The reserve bank also refused to extend
credit to enable the farmer to held his crop for a reasonable price att the same
time that it va extending credits in such a manner that the milling interests
of the Twin Cities were enabled to use those credits to hold the same crop
after 1t got into their hands"
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24

rhr.e motives prompted the Industrial Commission of the state Of North
Dakota to use this newspaper space in behalf If the peoples common interest
They are:
FEst-To Impress upon the people facts about the political
conspiracy which Is the open manifestation of underground attacks
made upon the Bank Of North Dakota in the hope of destroying it.
oecondy-To report to the people directly upon the aunts made
Of the Bank Of North Dakota. rather than have the report dissent
mated through biased partisan channels
Ih'rdIy-To reveal to them how the Bank Of North Dakota has
operated to uphold the credit structure of the state at a time when
the wheat belt is suffering from a most serious financial strngency
due to various causes.
The declaration of financial independence represented in the authorization
by the voters and the establishment of the Bank Of North Dakota set to work
every wheel of the political and economic system opposed to the people
entering business for their commo interest. Certain privileges were threat
end which time had come to consider in the light that kings used 10 consider
the heritage of thrones-theirsb by divine right.
Thus the large situation into which the people injected the Bank of North
Dakota becomes apparent. The bank was predestned to be the subject Of
battle from the time 1t was organized.
No less astounding than the very idea itself to the banking interests was
the success of the institution from the start. No less astounding was the
soundness Of tn principles upon which the bank was founded, and tn policy
under which vt was agreed to operate it.
Mr.. e, J. Bishop, of Bishop, BriMman Co., Of St. Paul, the auditing ON
pany employed by q group Of sme onfcehoders hostile TO the Nonparisan
league, to make n audit of the states bank, himself acknowledged. in fact
expressed his admiration for the sound principles upon which the bank was
operated. He compares it in scope and purpose and policy with the basic idea
Of the federal reserve system; admits its functions are necessary to the state
and cnickes the institution. probably through misrepresentation Of the facts,
In a way against which the Industrial Commission has only m major
objection.
Mr. Bishop, writing his commentaries IN the audit which ostensuby is
used in the investigation by a committee u. the house If representatives, says:
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24
Bankers Ordered to Paw Obligations

After this action Of the house investigating committee, in order to safe
guard itself SO far a possible, the bank had only one course of action left
open. The Industrial commission issued n order to register for deferred
payment, if necessary, checks from political I subdivisions and the he state
penal, charitable and educational institutions Political subdivisions main
needed to protect the Bank Of North Dakota against further designed with
drawals. At the same time the policy Of leniency toward the private banking
system was necessarily abandoned, because the house audit committee had
destroyed the fruits Of that policy. " #s@@ ~
The responsibility rests upon the political consprators. l@
Collectors were ordered sent ut to every bank in the state to demand
payment from the private bankers of their obligations to the Bank Of North
Dakota. The statemento of position of the Industrial commission said:
MANY private banks have failed, neglected and refused to pay funds due
to the Bank Of North Dakota when called upon, giving a their reason poor
crop conditions and failure of the people to meet their obligations.
1.-THE Bank Of North Dakota has endeavored to be as lenhnt Al possible
Private banking institutions have charged that the Bank of North
Dakota was embarrassed and in financial sringendes, when Is a matter OF
fact Its only difficulty ws the inability of the privately owned banks and
private banking system to meet its obligations due to such private bankers
and such private banking system having extended more loans than. they
should have; having failed to keep a sufficient amount Of reserve and being
unable to meet checks upon demand deposits made with them.
1.-The press OF the state is trying to conceal the fact that the financial
stringency Is due to the failure Of private banks and bankers to meet their
obligations. Now In order that the Bank Of North Dakota may be enabled
bank is hereby directed to send out collectors TO force payment of obligations
due It and In case payment ~ not made. to report the matter to the stats
examiner" ...s - @ # ss.#.. @&.
Farmers; labor and business nan Of the whole state:- The industrial
connnhsions desire u simply - set the facts Of this political conspiracy before
you. With the facts, the people will know where 70 place the responsibilities
These attempts 70 bring down the whole credit structure o. North Dakota on u
chance that some political capital may be made out of III, are more than pDos
Judgment Thsy Represent more than an infamous stab IL the reputation 90
North Dakota anneno the sister states o. the Union. They represent poskMvs
inhumanty, because the welfare ~ every individual In the sate-6 svfy
man, woman or chld-s involved. 4@
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24
Farm Mortgage Bankers In Field Again

The bunk ws organized for service, rather than profit, and Mr.. Paddock
points to the remarkable farm loan record made by the institution. 1t will
be recalled that although 10 N has questioned tn soundness OF North
Dakota bonds as security, certain interests working through political channels
have managed To- hold up the sale of the states bonds. Despite that fact
the Bank of North Dakota, crippled a it "a by this conspiracy went ahead
with it's farm cams a s best it could because of the pressing need Of the
farmers. Mr.. Paddocks report says:
Bankers conservatism has been used in the farm loan business Of tn
based on all loans made up to December 31st, 1920, val only SAL, while
the average assessed valuation per acre Of all land in the state in 1920 was
$2527, and the average market value was probably well above $50 per acre
:. Bankers conservatism has also been used in the total amount OF loans
made by the bank as compared with the legal limit authorized. Under the
law creating the Bank Of North Dakota, it Is permitted to make farm loans
deposits. On July 18th, 1920, it had made such loans to the amount Of
S2759NO at a 6 per cent interest rate and had {, considerable amount of such
loans ready to close The loans ten amounted to only 81 per cent OF the
legal limit and only 81 per cent of the sinking funds then o n deposit On
October 18th, 1920. the farm loans amounted to only 70 per cent Of the legal
limit and only IS per cent of the sinking funds then on deposit
ton, passed in the general election in November, 1926, was designed to destroy
the Bank of North Dakota. Prior to the passage Of this law, mortgage loan
companies refused to loan money in the state in competition with the Bank
of North Dakota 6 per cent interest rate. 49,
Immediately after the passage of this law, mortgage loan company
representatives, at Il meeting in the Twin Cities. announced that they would
that the Bank of North Dakota was DESTROYED and they would no longer
have to compete with a 6 per cent interest rate. Their rate had always been
and is now, OF the average approximately 81 per cent per annum"
Thus the initiated law, backed by the North Dakota Bankers association,
compelled the Bank of North Dakota to stop making farm loans because It
destroyed the fundamental service performed by the bank.-that IL, the con-
centraion of public funds .s -
Officers of the bank and the Industrial commission did not quit fighting
however, and forced to adopt a lew policy by the initiated law, took steps
which will bring about the sale of the farm loan bonds sin time sc arm loans
cal be continued. Ta@.% ~ ..I#@@#.# #t#@4
to preserve the credit machine OF the state 80 tina 1t would operate or the
advantage of the people rather than for private privilege
Seeking to destroy confidence in the Bank of North Dakota, the effort also
has been made to destroy confidence in the officers of the Institution.
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24
Every Business In State Is Endangered

Business men, as well LAST farmers and workers vitality affected by Political Conspiracy to vne
the Bank of North Dakota Socaned Investigation of States bank is for the benefit
Malicious Misrepresentation on part Of antadmmisraton press aqentsA Audit show sour
ness of banks condition and policy Industrial Commission invokes Peoples Comm,
Sense to Check This Conspiracy Before Too Late Fla
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24
Bankers Pay Penalty of Own Blindness

The report Of the audit company has been advertised by mnsconstructoH
and deLberat malice as a criticism Of the administration of the Bank Of
North Dakota. Yet private bankers, blinded for the moment by partisan
passion, helped initiate that law which was Sc serious Il blow at the credit
fabric If the state at the very time when every esource should have been
concentrated to help keep the credit machine working. The bank had no
alternative blu. to obey thu law. 1t ws not the banks wish, or was it the
banks policy to withdraw funds from localities where they would help keep
banks onen irrespective of the political new Of heir officers; where they
would help keep the merchant in business, the mills running and the farmer
going n tn farm.
Members Of the commission feel assured that had business men foreseen
they were voting a group of politicians the right to wreck the states bank,
the law never would have carried. What might have been, however, Is
aside from the question. The fact remains that the political consprators,
bhndly, unseeingly, 40 1t turned out were given carte blanche % cast ruin on
the state at a time when the people were grooming under the additional
burden OF financial depression.
Significant indeed va the alter attitude Of the North Dakota Bankers
association, which Endorsed so many members of which were active in
ne campaign against the Bank Of North Dakota. Bankers woke up at last
70 the danger In which they had involved the state in the initiated law.
1hs bankers association voted unanimously against a resolution condemning
the Industrial commission for in order commanding the bank to stop the
political III o the institution. Ii #- r."
state and nation should bs maintained by every possible manner; this 10 the
time. @@"S@
Every business maj and every farmer and working man in the state u
aware of that fact. The wenlbeing Of thousands depend upon what couras
Of action is followed. The future Of the state is at stake.
Yet upon this trembling stage the politicians opposed to the present state
administration entered and the lower house Of the legislature authorized q
committee TIC investigate the affairs OF the state industries.
The Industrial commission welcomes a real investigation not only OF the
Rank Of North Dakota but OF all the state enterprises. There never has been
THE INDUSTRIAL COM
(Second in a series of advertisements)
The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-02-24

=. Credit and banking re bult OF cOnHdence. Destroy It n the whole
comes tumolng down. Although every opportunity was offered the
Bank Of North Dakota,, the effort was made TO force the officers Of the
to diyulge the affairs OF private banks In all parts OF the state.
:. It will be remembered that the Bank Of North Dakota does business with
more than 800 banks In North Dakota. .=
II also win be remembered that the financial condition Of this state, %
The Ordway new era., 1921-12-02
POLITICS AND THE FARMERS

Farmer organizations must engage in both state and nat
ional politics. Charles Barrett of Union City, Ga president
of the National Farmers union declared his annual report at
the national convention of the union of which he has beea TIE
head for Is years
To the activities of the national board of
farm organizations in Washington Mr. Barrett attributed
large of the of enactment by of laws
favorable agriculture including the packer control and
the tendency reduce railroad President Barrett
cannot ignore fact that it of the
agencies of which of political that the
awful debace of the past when several million
dollars lost to the farmers of this nation precDtaled
If the had taken the interest legislation did
the railways the chamber of Of the United States
the National Manufacturers association the packers and other
aggregatons of capital the federal board would
have dared recognize agriculture as it did last year
"Can fail recognize that If had stayed at home
and attended solely the business of working marketing
system would have revived the finance corporation
compelled the federal board modify its financial pol
icy effected partial limited reduction of freight
rates?
Don't forget that while evolving national mark
eng system the great interests who insist that they get
large share of what produce will be busy trying
the laws which will make plan imperative
I is absolutely that real federal cooperative
law be put the books something which enables
farmers collectively to buy and sell without the constant dread
of arrest and Imprisonment"