Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-09-28

the true American settles all political
questions"
r Plan Better Marketing.
Support will be given by the state
administration to n program to pro-
vile for better marketing conditions
for tho farmers of the state, on which
progress already has been maze the
governor said.
"I2xperience in marketing other
products has taught US that only when
we can secure orderly marketing OF
the products we sell do we nave a
chance to secure a fair price there
fore and that the custom of dumping
practically all of our splendid wheat
upon the market in the fall is bound
to depress the price and to result in
ar inadequate return on the farmers
investment and labor" he SAID. The
Farm Bureau Federation. the Ma
tional Wheat Growers and other or
CARNATIONS are doing splendid work
along this line and we have the assur-
ance of the War Finance corporation
and the Federal Reserve bank that
they will do everything in their power
to provide the finances to enable the
farmers to market their grain in an
orderly and satisfactory manner. 1t
Is almost universally agreed that in
order to make this possible and effec-
tive. storage facilities for wI|,at must
be provided as near to the farmers as
possible INT such supervision, grading
and certiication provided for, and the
issuance of storage receipts therefore
so safeguarded, as to make these re-
ceipts available for collateral for the
loans which the farmer needs to make
in order to hold his crop for a better
price. l want to assure tho farmers
that such a program has had my UNI
qualified support and that every en-
couragement will be given to the work
Of the organizations that by voluntary
cooperation provide the means for
an orderly marketing of III farm
products"
Refers To State Mill.
Referring to- the Grand Forks mill
n elevator Project, soon to be in
operation, the governor declared his
belief h a the people may expect the
highest type of service from the men
in tho organization being created to
manage it.
Referring to former Governor Fra
Zier and MI. Lemke, his Nonpartisan
league opponent for governor, Mr..
Nestos placed upon them the re-
sponsibility of the muddled situation
of state affairs and the failure Of their
W program through lack of efficient
business management.
Cites Accomplishments.
Among the accomplishments of the
present administration, which has not
yet been through a legislative session,
he included:
Re-organized ~receivership of closed
h1 MIG of n oroot cou}po owl <ho
restoration of confidence. Twelve
banks lave re-opened.
Much has been done to break down
the fear Of outside investors in North
Dakota securities.
Great Saving.
The administration, in the only sale
of state bonds 1t has made effected a
great saving over previous sales. The
action Of Frazier, Eemke and John
Hagan in selling millions of dollars Of
bonds just before they went out of
office tied the hands of the admin
istration and because they sold the
bonds at a higher price than they
should, eventually their actions. will
cost the state hugh sums Of money.
Expense Of conducting tho Bank Of
North Dakota was reduced from $12,-
6l1.O7 per month under the former
administration to ~$5,305.9S per month.
Farm Loans Made.
Farm loans have been made at the
rate Of half a million dollars a month
since the re-organized department has
been in full swing.
He declared that among false ,ssuea
raised by opponents was the demand
OF U. L. Burdick and others that tho
Bank of North Dakota finance holding
of wheat by advancing none to
farmers.
Thee bank, he declared, cannot is
sue bonds for that purpose, is required
to furnish u revolving fund Of about
100000 for the farm loan depart
ment and cannot borrow except on its
W collateral which will not permit
borrowing more than q few hundred
thousands of dollars.
The question was raised by Mr..
Burdick at the Fargo wheat confer
ence, h e governor said, adding, II
then gave him the information as to
the exact condition of the bank and
when he heard it even Mr.. Burdick
realized how preposterous his pro-
posal was and withdrew his motion.
The fact is hat considerably less than
a million dollars Of assets are in. such
form that they could be loaned, If
they were not needed for other pur-
poses"
Il have been your governor for a
period Of only ten months which is
altogether too short a time to enable a.
mar to carry through a consistent
program Of economic betterment,"
said the governor. But would it not
be fair to claim hat since we have al
ready accomplished q great Zeal in