The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1922-06-01
STATE BANK BONDS
BELOW LIBERTY BONDS.
.itor, Bottineau Courant:

A1A1kOA9 DOGIluSdQ SOMIttuLs g# %$s5#s S6zss 81
\ AT the time the Bank sold its bonds
below par Liberty Loan Bonds were
then selling below par. Liberty Loan
bonds have advanced since that time
from 86 cents on the dollar to better
than 80 cents on the dollar, an advance
of thirteen points or is per cent. The
Bank sold its. bonds at 1864. A Is
per cent advance thereon is 14.49
points, which makes a present value
of 111.13. Therefore, if the present
Industrial Commission sold Bank Ser
les 5 per cent bonds for 1.01 which
formerly sold for 1854 and which are
now worth 111.13 as compared with
Liberty Loan bonds, we fail to see
where the Farmers Advocate gets
any foundation in fact for its state
nlent in last weeks. issue, entitled
Estate Bonds Sold At Good Premium
Bids Show That Credit Of North Da-
kota Has Now Been Fully Restored"
: The final paragraph of the article
correctly states the facts and reads as
follows: "The recent league admins
tration was able to contract for the
sale of bonds only after much diff
Guilty and at substantial discount"
The preceding paragraph is con-
cluslon entirely unsupported by facts,
is a false conclusion, is misleading,
and is intended to deceive the voter,
and is therefore malicious. 1t reads as
follows: The selling of the state bonds
at premium is taken here to indicate
that the. Independent Administration
has fully restored the states credit"
II the present state administration
is to be given credit for the less than
5 per cent increase in the selling price
of the State of North Dakota bonds,
why not give it credit also for the
present Is per cent increase in the
selling price of Liberty Loan bonds?
Don't you see what pure bunk the Ad-
vocate is continuing to put out just
as it did under the former editorship? ?
In the light of the foregoing true
presentation of the situation as to the
bonds, why not re-read the Advocates
article attempting to discredit the
very creditable showing made in the
of the Penitentiary un-
der the wardenship of your fellow citi-
ken, Warden Stair, appearing in the
issue Of May 18th entitled
rs Stair Reducing Cost ats State |
Pen ?" in which he says ''It is incredu- ]
ous to think that anyone as warden |
IF the penitentiary could "reduce the
operating expenses from over 500
per month to $24.2S per capita, and on
ihe face of the statements set forth |
We must assume that the same is err
Isn't that splendid reason
,or declaring it erroneous ?-the rea-
son being that it is incredulous. Then
le takes two columns in an attempt to
bolster up his incredulity, in which not |
,ne single statement based on fact is |
presented in support thereof. 1t is Of |
he same kind as the conclusions re-
yarding the sale of the bonds.
Voters, how do you like that kind |
If stuff, especially when it comes to
ambasting one of your own neighbors,
whom you know, respect, and in whom
you have confidence?
Then in the final paragraph we |
nave this: "Mr. Stair is a Bottineau |
County product and naturally we are
in the statement referred
%, which tries to boost him as very
efficient public servant, but the best |
We are able to get out of the Nom
PARTISAN Service Bureaus statement
S cheap propaganda that will not
stand analyzing." |
Fine! isn't it? s... |
Isn't it surprising strange that the
Advocate can find no single word Of |
praise or commendation for any act