The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1922-01-05

- s.u -
Controlled by Upwards of Four HI
nv, NORTH DAKOTA, THURsDA'
bonds. This plan has been adopted ii
detail by the coming administration
Similarly iii the Credits Depart.
ment the original plans are being car.
sried ont, the organization of tht
Department having been continued
through the selection Of Mr. P. e. Hal.
sdorson as Credits Department Direc.
tor; to succeed I Mr.. II. r. McAneney
resigned. No other changes are thus
far made iii that department. Mr.
Halldorson has had d wide and variee
experience IN banking and bank ex.
animation, having occupied the posi-,
ton of both state and national ex.
aminer, ~
There has been tendency on the
part of the local press OF all political
faiths, both those opposed to and those
faun,.;,,o 4ha r,1.Asn11f admin istrafiOrf
l.. 9, ~ a, s,,,;fv half tr,,ths
y Ia a.; 49, rsl5 for nol;t;cal
j. IA .,,;t ,n,,t repard to the 81
feet such statement may have upon
the future of the Bank This situation
i - - 10 danracate.d q The onIv effect
i ca,, h.ua IL tr lreer 1the state CON
stantl, M i, ! "A ss,,,r,oil
~ Tha n,asa,,t u. Al .,dn,in; atrat;on il an
oora,,+,1g bcreat1,y q n esr,deayerinp ID
cayr,r - IA Rank and fhe Min and
NJ 4, -. =. 49,, hav have aslesl
ths ~ nna,,a,.,t;or, 80 m All oeo,pIe IN this
,as,,,eet 80 s,,d 81 tl,af tiaev are entitled
so lor. 81 A a q q .,,,,,,ayent ~ that fl,ey are
bnneatI,, o,,d@avn,,;;nr h, earr.v out that
,,.a., :, q n -, IL zine enouo1, q
rda,,,,, ~ .,d,,,;r;sftration Al soon as
thau shour N their aefion that ii Ii
tIe;, ;,ta,,tion ~ xcr1u anv part Of
th;s nroo,rrana
Trbev ea, \ ,,nt IN l,antIon any !: r,naterial
mart of the Rank, & present functions
without ;,rna i,.inr ~ defeating the
cont;nnance az tlae Bank and the Mill
ana Eaeuatnr Mr. instance; il they
,,ndartaIra m tarrninata The function
inc. "a tba Ranlr n What IL sometimes
called commercial banking, and to
have ma Rank cease receiving de-
nos;ts what wo,,ld sI,anpen then would
be tbat thew wof,1ld ia depriyed of any
funds With u,,;ch Is make farm loans
ar With wh;cb n bav additional mat
ar;al or nav for additional labor to
fn;sh +ba M;lI and Elevator. Bonds
can moi he ias,,ed ii advance of the
nv state bonds in North
Dalxota fine onlv state. in the union
n,,rsn;no this MANI are based upon a
p,sev;st;no ;nuastnefnt *The invest
:, e,,t ,,,,,s f;,.st ~ made either in farm
,oans -. Il the Mil and Elevator be-
fo,a &C hondss can i ha issned therefor.
, 4 ftar tbe ,,oortoaoes are lodged with
tha stata Traas,,Ter-fa,m loan mort
gaoes in the ease of Real Estate
Bonas and anpr;sal. s.
a. Il ;nvasfments ! : % s.,nder, the Mill
s,d II Elax,ator ,,o,rt e,ae,a IS the ease of
tba. Mi, and Elevator Bonds-then
hanas 49, go .a,, r. ha ;s..,,ad so,d and the mon
-, - ,a+,,rnad r. tha sourca from which
i. 4 woe or;g;n a,lv used IF this source
-. f,,n,,s E stan,sd thara can be no
:far,,, 1oans made nor additional invest
r,ents nada IN The Min and Elevator
rans san,antlv II is Incumbent and the
Mil and Elevator scomnIeted to see
+hat [ danos;ts orc ,na;ntainad in the
panL ~" an .n,onn. that vii, iustifv
+ha' +a,,, ,,o,orv~ ,,sa- of a nnrtion of the
arohah,a -, .nncs,,ad fnr balances The
~ ,..nan A. uo,,,n,a of danos;ts the
80. M g. = +ho axtant to wh;cb farm
,a.,ss M - 80, :. ;1,,as+,o ~ - a-ts n +ha Min and
1S.s E,a..,,t 81. t. .a., - ~ .a-r;ed ~ The same
,,.;;,,c;n1a i II onerat;on = every bank
= an co,,ntrypthe. loan;n,r Of each
$3.50, - 49, - IT, aerns;.s .s il not likely
+ ~ - s.o aa,,aa ~ - F.. = ths near, f,,t,ra
80 ...a:.a., - ~. :. IL s r.staf,,, &c. +hat an.
!. 80 al i. sa satas;s, ehanaa - II cor.
-. p.. 49, .,,s4:a. - Tut l. nat e,ly an ON.
ss aa.ls.s. ,a 90. .tha+ l = sxtant ~ the noI.
ao.s ~, a.,a n,.ns : hsrs+ofora s.s adontad bu,
an s,.rsn+aa .a,,s .i tbat q s,,ohayrass;np
.;4....:s. = 49, % s..;., 81. go ar;sa throngb the
,s... sl.a y q. ~ -. 80 Il ,,,,t~;aa nIars
ssn Mann Il + = = J are s disnosed to LOSE
be influenced by some transaction that
aIIGCES us personally uIlS4 8IIIQARAAoe&hJ ,
only For instance, one falls to get as s
large q farm loan as ne thinks ne Ii
entitled to-; another tails 20 receive