Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-11-04

Of North Dakota resulted in the with
drawal Of this monty BY the Inds-
pendent counties In the RED River
valley. This IN turn resulted. the
speaker claimed In the failure OF
many banks khrouSkout the state, but
thsse banks were moro generally CON
trolled by Independents than leagusrs,
he declared. -.
All of the money loaned by tho
bank Of North Dakota ho declared
was loaned Oh what appeared to be
good security and there was no fav-
oritism shown.
Recall Election. 5
In February, 1921, Mr.. Baker said
committee Of the bankers Of the
state made proposals to assist in mar
keting the state bonds providing the
ad ministratlon would consent to
the compromising Of tho League pro-
gram. When this was refused the re-
call followed. he said.
Johnson's Address.
Mr.. johnson In his main address
declared that both sides in this CAM
paign should be judged by their past
records, and with this idea in view he
proceeded to take up tho record made
by tho Nonpartisan League admins
tration.
The TOUT legs on which that ad-
min1stration stood, he declared were,
the experimental creamery At Wer-
ner, the state home building associa-
ton, the Bank of North Dakota and
the mill and elevator.
Werner Creamery.
The Werner creamery was shown
by the records to have lost $4,000
In about seven months; although 1t
was a very email affair, and although
1t was supposed to be an experiment"
to furniah Information to tho people
of the state, mo report on the expert
msnt was ever issued by the league
Industrial commission, Mr.. johnson,
pointed n .
Home Building Mess.
Taking up tho state Homo Build
in1 association no pointed out that
the mismanagement Of the Nonpartl-
san League administration had result
tod in a ions of over 5000 and thxt
tho Law had boon recklessly violated
notably in the construction Of a 321,-
900 house for william >LAmke al
though tho law made 5000 the linz
1t Of value for houses built by the. as
0ON4AA0Ae a. "VA - &A OeAOA "~yos
Tho records Of the association he
pointed put show that the men in
charge had In practically no al any
Idea as to the amount Of money that
1ns bsinS put into the various houses.
In short he said the management
of the affair was * bun8led that J.
N. Hak1n ono of the Industrial COM
mimion membera responalble for this
management refused to accept his
house after II was built but calmly
walked oht, leaving the state holding
tho bAE.
Drake NH hunana8ed
Tho Drake MI was cited az still
another example Of league incapacty.
This small enterprise. the speaker
said, had originally cost about $3o,-
0eo but underline league management
had lost over $4,000. Hs sketched
the enr7vagent methods under which
1T vas operated to show how thia
came about
~ Bank Of n. d.
Tho final point taken cup Vas this
Rank OF North Dakota with Its rela.
lions to tho Scandinavian American
Bank OF Fargo. Nj. johnson read the
record showing tho Fargo Banks Il
u241A1O6 CA NO010 xAADdA Aa6u en-
terpr1SAs, and thsn showed how thf
loans thus made were replaced b,
money kept in tho Fargo Bank b.
the Bank Of North Dakota-
Startling RSveaeeacn
It was In this connsCtaon that M
Johnson made ono Of his most start
Ling revelations which Disposal Of Nj
Bakers contention that new fund
were not dspoaited in the Scandtna.