The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-02-23

ed before the war"
About two years ago the majority
of the insurance and loan companies
withdrew from the state as far as
making loans was concerned. That
they have renewed their faith in
North Dakota property as safe Sc
curity is evidenced by the fact that
many Of them are announcing their
intention of again soliciting loans in
the state. Representatives OF one OF
the largest insurance companies in
the country were in Bismarck yester-
day comforting with Commissioner OF
Insurance Olsness, and Bismarck
bankers, relative to the making OF
loans on property in the state. Un-
der their proposed plan loans will be
made in the larger cities of the state
to persons who desire to build homes,
the loans to be repaid on the ten year
amortization plan. Farm loans will
also be made by the concern. They
EXPRESSED their desire to loan large
sum of money in the state at !o1
rate of interest And still the oppo-
sition press claims that the present
administration is not doing the state
anv good, Thus is confidence re-
stored by the return of sane, busl-
ness administration.
That the state hail warrants are
being placed on the market quite
fast under the deal recently complet-
ed by Governor Nestos is shown by
the following clipping from the Bis
marck Tribune: f. f. Shepard OF
the First National bank of Bismarck
handled 100000 of hail warrants IN
his first days work as the represent
tative of the Twin Cities companies
which are paying SO for the 1921 pa
per. Even at that, about $l0O,00O
worth were unopened letters on his
desk awaiting his attention. Most
of the hail warrants received the
first day were from banks who nave
been awaiting the announcement OF
the conclusion of the negotiations for
the sale. Considerable work is in
volved for a number of people in the
handling of the hail warrants. First
of all the warrants reach Mr.. Shep-
ard and are listed by him and the
drafts written for the persons send
ing in the warrants. Then five lists,
in carbon, giving numbers, denomlna-
tions and names, and then the war
rants proceed to the state house
where the proper officers identify the
warrants and sign the proper certlt-
icates as arranged for in the con-
tract, recently constructed by the su-
preme court. The warrants are left
in possession of the state treasurer.
The signed certificates are then for
warded to Mr.. Shepard, to be for
warded to Minneapolis. Upon notice
from Minneapolis that the receipts
have been received, he dispatches the
drafts to the sellers. In the course
of the transaction, at least four men
will handle each one of the hail war
rants. A little more than $4,000 diff
ferent warrants were written and it
is expected that at least two-thirds
of them will be presented for sale to
the Minneapolis firms for purchase.
Thus each of the four men will han
die between fifteen and sixteen thou
sand pieces Of paper.
There seems to be considerable ag-
itation in the opposition papers for
the coming election, and limitations
that the nonpartisan league will
place a candidate in the field to op-
pose Governor Nestos with the hope
of again obtaining control of the state
government, the payroll, and last but
not least. the state finances. This is
very worthy ambition, from their
viewpoint, but we do not think that
the electorate will uphold them in
their ambition. In support of this
theory we might review the accom-
plishments of the administration I'M
der the five years rule Of Frazier
and cornnaro them with tho accom-.
plishments of Governor Nestos in the
four months of his administration.
The administration under Frazier es-
tablished the Bank Of North Dako-
ia. As financial institution it lent !
excellent support, morally and fin
anciaily, to its forebears. There is