Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-01-09
OUR LAND INVESTMENTS SOUND.

During the past year or two, the credit Of North
Dakota has suffered greatly through the unwise
handling OF its public affairs by politicians who used
the financial resources and credit Of the state indis-
criminately for the promotion of their own political
plans. That the state should sufef was a foregone
conclusion, and it is impossible for the general credit
of a state to be impaired without there being a re-
action detrimental to individual credit throughout
its territory. OF this we have had unfortunate ex-
fperience.
The political regime under which our undesir-
able public financing was done is at an end. There
lis gratifying evidence that the public officials of the
state are now operating along lines which will rend-
er secure every investment which individuals~have
made in state securities, and upon lines also which
will conserve the interests of the state by eliminating
waste from it's administration and placing the man
agement of its affairs upon a sound and businesslike
basis.
fered in sympathy with the credit of the state itself
must feel the beneficial reaction from a new order
OF things, and 1t is appropriate to call attention now
to the fact that investments in North Dakota securi-
ties and especially in North Dakota real estate mort
cages furnish as safe and sound and attractive an in
vestment as any that can be found in the country.
Particularly in the eastern and longer settled >por-
ton OF the state, the productiveness of our lands has
long since been established. This territory is no
longer the Great American Desert. 1t is the worlds
bread basket, the producer of the best grade of
wheat that can be produced anywhere on earth, and
of wheat in quantities which, under proper manage
ment, are as large as the production anywhere else.
Land values in this section have net been inflated as
they have been in several other states. Because
there was practically no imitation in this class of
values. little of any depreciation is to be anticipated.
North Dakota lands have during the entire war
period been worth more nearly 100 cents on the dol
lar on their quoted price than have the lands in any
other agricultural state in the west. Inasmuch as
imitation was absent, dedation is not to be expected
now. and investments made upon the basis of values
las quoted at any time during the past FIVE years are
perfectly sound, and constitute as desirable invest
ments as are available in any line whatever.
The banking and business interests Of the state
cannot emphasize these features too strongly. We
have suffered because Of unwise political action,
The cause for the undesirable condition HAS disap-
lpeared, and the people of the state are entitled to
the appropriate benefits from the change in the, re-
establishment Of their credit and the consequent re-
|duction Of interest rates on sound securities in con-
Iformity with the general interest reduction going on
throughout the nation. Our commercial>an md fnanc-
i'll interests can perform 4 very valuable service to
the state by using every opportunity to bring these
facts 70 the a~ttention Of their correspondents in the
east.