Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-19
,N ] SHOWS
RECORD MADE.
ONFARMLOANS
Governor Also Calls Atten.
lion To Mill and Elevator
ss In Address
(Herald Special service.)

AkS <10AACys M Dss SCls W AS'
A. Nestos. speaking here last night.
called the attention Of his hearers to
the approaching opening Of the state
mill and elevator at Grand Forks, as
proof that the Independent admins
tratibn was carrying out the pledges
made to the voters during the recall
campaign.
The governor also pointed to the
record made by the farm loan depart
ment or the Bank Of North Dakota
under the present administration with
especial reference to the number Of
farln loans made in Emmons and Nc
Lntosh counties.
Farm Loan Record.
In EmmonS county Nor example he
showed that under tho league admin
istration II farm loans totalling $4S,-
926 had been made, while under the
Independent administration Fl loans
totalling s71,250 had been completed
up to October l..
Likewise in Mcintosh county the
league administration during %
months made no farm loans at all,
while the Independent administration
has made II loans totaling $70.50O.
Regarding the work of the farm
loan department %insgeneral the gov
arnor said in part:
"1n the Farm Loan department. we
secured the services Of M Of the
most competent men the state to
re-organize the department, devise
proper blanks and a system OF book
keeping adapted and adequate there
to and TO make it a real servant OF
the people atsthe earliest possible mo-
ment. This department has now been
rendering excellent service for many
: months ana j. today in splendid on
dition ard serving the people of the
state safely and yet with all possible
promptness. When We took charge
Of this department there were, only
about $1,000 900 to be loaned out. The
need OF the farmers OF u state was
SO great, however. that his sum could
not possibly supply ell who desired
loans II had the requisite security
We, therefore, causcd to be initiated
the law which now increases this al.
lowance by $40. 0OC, 600. thus enabling
us to go ahead and help to relieve tbs
present distress Of t~het.peopls unit,
the next legislature can make addi.
tional provision. 80
Some Job. .N' .
To take charge OF the arm loar
department after the u~nbusinesslike
and slipshod way in which it had beef
conducted and the records kept. was
moro difficult and exasperating thar
to organize it anew; npt only did Mr.
Default have to devise proper forms
but he had to devote his time ant
energy to the task of closing an6
cleaning up the business of the for
mer ADMINISTRATION: q large number
OF loss, where the money had beer
paid to the owners, not being CLOSED
' for a year or two because Of defects IL
title and for nan other causes.
Loan Made.
From about February first to Octo
Der first, this yea the present ad
ministration had Ecompleted loans tt
the point where papers had bee re
corded in The sum of $3.363.95o an,
had completed additional loans wher
the amount Of the Moan had bee,
agreed upon and the papers draw
and sent out for the borrowers sig
natures in the added sum OF $s2S,00l
making .. total OF S4,191.95O This 4
the record Of the new administra.io,
in nine months as compared with 81,