Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1922-03-30
NORTH DAKOTA OK. FOR FUNDS
Committee After Visit With Cover
nor Nestos Sends in Favor
able Report. .

report from their agents recommend
ing North Dakota as a favorable field
for investment. !,
This report, which, according to
William G. Marvin, New York law
yer and head of committee Of in
vestment house representatives who
have been investigating the North
Dakota situation, probably will mean
that big bond houses, insurance COM
panies and other eastern investors
will again turn to North Dakota as a
field for investment.
sIhis report, it is said, is the first
favorable report sent to eastern f.
nancial institutions on North Dakota
in six years, and during that period
representatives Of the financial inter-
ests have been in the state making
Investigations.
Mr.. Marvin declared the investiga-
tors believe that North Dakota is
"intrinsically sound" has a low debt
in comparison to her assessed valua-
tion, and has a good future in the de-
velopment of her natural resources.
Mr.. Marvin and his co-investiga-
tors during two days in the capital,
following visit to other places in
the state, have been engaged in a
study Of the state reports, statistic
and general political and economical
conditions.
Explaining the attitude of eastern
fhanciers toward North Dakota dur
ing the last six years Mr.. Marvin de-
clared the financiers felt that North
Dakota was not getting a sound, eco
nomical government and that the
experiments of the Ncnpartisan leag-
ue would collapse sooner or later to
be followed by period Of political
chaos, and that North Dakota was
not, therefore, safe place for in
vestment.
Thinks League Gone
His conclusion, he said, after his
visit here, is that the present admin
istraticn will remain in power, or an
ti-Nonpartisan league administra-
tion, that the bottom has been
scraped in the period of depression
as it affects the state, that the mar
ket trend is upward, increasing the
value Of North Dakota products, and
that the present administration is
giving the state the right kind Of
government. ...
Mr.. Marvin outlined FIVE points up
on which his committee based their
conclusions regarding the present ad-
ministration. They are:
I. The efforts being made by Gov
ernor Nestos and other members of
the administration to increase diver
sification on farms.
2. Economy in state government.
8. An attitude on the part Of Gov
ernor Nestos Of giving the state "a
good solid type of progressive gov-
ernment" not freakish.
I. Character Of men in the. state
service, efficiency on their part, that
Governor has, maintained an open
mind in seeking advice from experts
in various lines, agriculture, market
ing, banking.
5. Present administration is co-op-
Grating with other states, abandoning
q state ofs isolation; is seeking to in
terest eastern people in the latent
natural resources Of the state such
@ Ignite coal and clay beds.
North Dakota, Mr.. Marvin said,
may be worse of agriculturally than
some other states because she is
known as . zone crop" state. Diver
sidcation, he declared, is the life sa-
yer Of the state. The fact that North
Dakota has been known as Zone
CROP state has been one Of the rea-
sons why investors have been some
what shy, he said. # there is fail
ure, all is lost, while If there is di-
veFsiffcation that can be only 4 par
tial failure. Reasoning from an eco
4 S1'omic standpoint, he said that II the
farmers are interested only in one
sor two grain crops they are busy
perhap. but seven months a year;
while Il they are raising cattle. ETC.,
they are busy twelve months. From
. bankers standpoint. he said, this
means the state is producing vastly
more wealth under diversification
system and therefore is . better cred.
&c risk. &
ss Ar. Marvin asserted that financial
interests Of the east were not on
pcsed to co-opsrat tive marketing. he
asserted that Big fnanciers favor CO. 90
operative marketing II sanaly carried
On. II that II means production Of
wealth With less waste. He cited di-
5versification q agriculture and coop
I Se,adve rnafketino As the two birpe.t
a >3a3sx0a ,dn,An -. rnl;<n..:. q.