Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-06-26
GRAND HERALD MONDAY JUNE. q, 1919 ea.

3-T-NN
and elevator question. He showed
how the Drake mill had lost $4,000
for the state. an average Of 3100.a
day. N read from the report OF
ths Equitable Auditins coInpAny Of
Minneapolis. the leagues own audit
Ing company. in which the president
on october is, 1921, recommended
that the Drake mill should be closed.
sold and no longer operated by the
state"
THY was the leagues own audit
ing Company. he said, but the Fra
zier ADMINISTRATION never made that
RECOMMENDATION. public. It did not
become known until Nestos took o6lcS
and gayeJt TO the people OF the state.
No BOOTS Kept.
Another feature of the mill and
elevator question was tho Central
offici at Farko. opened by ]. A.@sMc-
Govern. whip was appointed executive
manager of the ave million dollar en-
terprise. When the induEtrial COM
mission CLOSED the office After. eiSht-
eef'or nthetssn. months, it was found
that the overhead expense had cost
s Tn.tos s,sfss 8 ' sis;oG Ssu,. Mssn Aa q y;
COMPANY zee. mtg the oitiee,to make
AM z audit nal Soa hs YVES VIZ r dum6fo s,Ss ava to
Ths ossy BOOK W u cheeksboos on
the state ..of NpffhsDakota, and he
had to check back over every stub
and voucher and oyer bills found. in
drawers. on shelves and In the&wayte-
basket to be able to make an intel
ligspt report df ths horrible af4
He then took UP the mill and ele-
vAtpr project in Grand Forks. say
Ing 1t no Longer. was an idle dream.
but soon would be a reality This
mill and elevator issue is an impor-
tant one, nevertheless, for it now in
wolves the question Of management.
1t is a two and q half million prof.
ect and involves the trust Of the peo-
pie OF the state OF North Dakota, he
said.
Keep Policies Ont.
n He declared that it was the policy
OF tho Nestos administration to re-
move the management Of the mill
Of politics as it is humanity possible
to do 40. It is not 4 political prob
lem, but an economic and business
problem. and the people are inter-
ested In it only from an economic and
business standpoint.
Governor Nestos and his associates
have plans to remove it from the de-
mofalidng and disintegraunE in1u-
enes, of political management. This
cannot be done If control Of the in
stitttion is left in the hands of the
Industrial commission, for the gov
ernor. tho attorney general and the
c~ommiseioner Of agriculture have too
much 70 do looking after their offices
to devote their time to the manage
Inent ofSthe mill and elevator. More
over, they are not trained for sucn
an Important and responsible work.
The only thing that should -De
dona, he said IL IN have The next
1 a,, ~ asssotcr
nnt1iS thsahsra. ~ the thres chiei
oSicera orstha tSate h,t IN IN hands
49, p.ci.i ~ ~ y, div;sI who
$3.50 Gf,irsrs ut lnoiit;cians mi
80 ErS 49, 4r.;rsa fnr the .neciaj
HznsL 1hay1 sr;1I Ia csi,ad ,,nnn. - ner.
@fn.r, s.Dsy. - g 49, ~
81. 1879 - ! v,r MT i,
.hj.e ,a.1s 40 : n,;h,;citS
.nansrItt *h.ina "a thei,
,r,tt.nnssttaSss. na,t,cst ssa.ch.. ths;
III, sai;esa +het q,
the nal shpuld be leftssto the three
fcMef 1oltlce!S onicers o. the ptaIe
IIney MaIl. i0uoW N .togtsteps y
ltneir Qeeeee ne. eala, ano y
70 oHIcs. lhey WIZ
~ \ oISln4 miIl WneE fEazltg45 ~
Sat3SDns ks mtll,.Tout g tAs
Aage I4na1aeM = ..ang ou'
eo1 thaas4h
r. 10TH N Oh
SyAAeSSss1enkasof North EDsKota wa
ktAk3M ~ The capitalls@ thu
Fpaii1k s5BFbvided .by thefs state II
q two million doller bond issue, HI
said. F. W. Cthro,. manager Of tn,
bank. always. maintained that Thu
bankYhad made big profits. Ever.
stateIaSnt showed a pront, he said
but these profits were 9 delusion. H
SHOWED how cathto obtained thes'
plonta. In the nrat place. the tw'
nH1lon dollar. ppnd issue could no
Pc 2dtsposed OF. yet Mr.. Cathro tool
ms SCISSORS IN hand and cnpPed OF
interest coupons and went to tn
reasure OF state ana secures
$4,000 ! cash as interest I'M none
inls Is now ne obtained ms mrs
pronts q Q ne obtained a.
gsald. II
Tfnnsferr Of Funds.
.-...a ~.
500 Ia sa rs p1ox.usI -
80 ! a1sls I4au = = uepta ~
1"54 pupit. ~ - ra.e az :
ponucas esols ls.on !.
nplu enc : 49, a'eo; u;eIe W. NJ -.
na,;i ~ :. NJ Mo-+h 4pe ~.