The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-06-15

loans that the department could ham
die and close.
eff Mr.. LANCER had taken the trou-
BILE to make inquiry from this depart
ment we would have been glad to have
informed him of the fact that loans
aggregating $3,500,0O0 had been ap-
praised since February /, 1922, and
that loans had been approved for pay
ment, since that date, in amount of
more than two million dollars, and
that of this amount the county of Nc
Lean, in which Mr.. Langer's speech
referred to was delivered, has had 40
loans approved for payment in the
amount of $12S,100.
"Mr. LANCER would, upon investiga-
ton, furthermore have found that the
present administration of the farm
loan department in less than half a
year has done pretty near as much
business as the former administration
did in twenty-nine months He could,
if he had decided to tell his hearers
the truth, have told them that while
the average business under the former
administration amounted to twenty
three loans per month, the average
monthly business since the recall cleo
ton is eighty-nine or practically four
times as much as during the Frazier
Lemke-Hagan regime.
"Where large loan business is
handled covering fifty-three counties
Of a large state it is necessary to be
fair to all the counties of the state.
This means that loans should be made
approximately equally in all the So
counties each month.
''There is physical limit to the vol
ume of loans that can be handled by
any organization. This department is
now handling loans at rate of a mil
lion dollars per month. This is with
out a question the largest volume of
loans that has ever been handled in
this state by any organization.
I at is probably the largest monthly
volume of loans that has ever been
handled in any of the northwestern
states by any organization with the
possible exception of the federal land
bank of St. Paul. The federal Nand
bank has had five years in which to
build up it's organization. This de-
partment has built its organization in
the past five months
"a loan business Of million dol
lars per month, same divided among
all the fifty-three counties of this
large state, averages about $4,000
per month per county. Consideration
Of these facts, and investigation Of the
loans made in the several counties of
the state will, am sure, satisfy any
fair minded person as to the sincere
desire of this department to get loans
out to the farmers of the state as rap
idly as possible land Of the substantial
progress made in the mpishment
VI llllS Result.
, St. Cloud was named as the Y. &. r.
meeting place for 1928 in this after
noon's Sc sion of the supreme council.
Several cities in the jurisdiction were
bidding for this convention but st.
Cloud was thought by the councillors
as being the best city for the next
melting. The q. c. 7. delegates from
St. Cloud are attending the convention
in force advancing the claims of their
city, and thru the substantial backing
Of the citizens of their city, have con-
WINGED the supreme councillors that the
1928 convention should be located at
that place. The decision of the colin
cilors in favor of St. Cloud meets with
the hearty approval Of the visiting
delegates as that city is recognized as
being one OF the best convention cit
les in the jurisdiction.
At $50 last evening a large crowd
assembled to witness the outdoor do
ings on the State Teachers COLLEGE
campus. Selections were given by
the college band and an exhibition
drill by the department of hygiene
and physical education CT the State
Teachers College. After the drill
adjournment was taken to the audi
tortunl where the rest of the program
was given.
Senior Councillor H. NJ. Velzy, pre-
siding, first expressed his apprecia-
ton of the splendid attendance Of
visitors and for the way the people
were supporting the convention and
then introduced Mayor A. G. Bonhus
who gave the visitors a very nice