The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1923-02-27
SENATE HERE
PASSESGR0SS
RESOLUTION
Would Base Value of Cur
rency or That of Staple
Products of Soil
ASK EFFICIENCY SURVEY
Senator Rusch Wants Investi-
cation of Conduct in
State Offices
ASK EFFICIENCY SURVEY

me SIdIe senate, by Il VOte VI ID
to 81, adopted a resolution submit
ted by Senator Gross Of Grant coun-
ty, memorializing Congress to base
the value of money on that Of such
staple products as wheat and cotton,
the resolution being along the line
of the plan recently advocated by
Thomas A. Edison.
Senator Gross delivered lengthy
talk in favor of the plan, as being
more equitable than the present
Senator Lynch replied briefly, stat
ing that he did not believe the plan
was workable.
Although constitutional major
lty was not given the resolution,
Senator Ployhar presiding, ruled
that it was passed.
The resolution follows:
The fundamentals principles of
justice require that:
Whereas, contracting parties
should share equally the results of
ieflation, Of property values.
And Whereas, if the above prn-
ciplc of justice were embodied into
law there would be no deflation,
and
Whereas, the securities for invest
ments represent more permanent
natural values than the variable
gold dollar, and
Whereas, indebtedness which in
wolves certain number of bushels
Of wheat or certain number of
acres of land before deflation, should
involve the same amount of the same
permanent standards after deflation,
and
Whereas, our fluctuating standard
would be made more stabel if at
tached by definite ratios to perma-
nent standards like bushels or wheat
or bales of cotton, and
Whereas, the embodiment of the
above principles of justice into law
would be of untold benefit to the
people and would aid materially in
reestablishing the prosperity of the
country,
Now, Therefore, Be 1t Resolved,
That this Legislature memoriaize
Congress, that the foregoing princi-
pies be enacted into law, thus safe
guarding inherent rights and estab-
fishing future prosperity on a more
secure foundation, and
Be 1t Further Resolved, That a
copy of this resolution be spread
upon the Journal and that one be
sent to each of our representatives
in Congress.
Investigation Asked
Two more concurrent resolutions
were introduced in the senate by
Senators Rusch and Nathan resi-
pectively.
The Rusch resolution calls on the
governor to look into the advisa-
bllity of having an efficiency expert
investigate the affairs of the state
with view to better cooperation,
economy, etc. among the various de-
partments, and that he report to the
next session of the legislature the
result of his Investigations and any
recommendations he may wish 20
make in connection herewith.
The Nathan resolution is Simply
an attempt to put through in an
other form the bill that failed sew
eral days ago for the repeal of the
law; passed by the people in 1920
which provided that farm loans mas
be made by the Bank of North Da-
kota to actual farmers only. 1t also
seeks to prevent the bank manage
n>ent from making rulings as to the
nature of farm products on farms
on which loans are asked.
the senate during the afternoon,
These were the measures levying
tax to make up the deficit of the
North Home Building association.
that for the Reinsurance of bonds
ot low denominations issued by the
Bank of North Dakota which have
up to the present time been found |
practically unsaleable to outside in
vestors, and House Bill 245 which
clears the way for the issuance of
the new bonds of the state mill and !
elevator provided for in it's compan-
on bill which passed the senate a
CIV days ago.
On only one of these bills was
serious opposition put up BY the
Nonpartisan League members. This
vas the, measure for the Home
building association deficit tax on
which the vote was 20 to II.
Prior to the final vote on the bill
Senator Baker succeeded in having
the bill amended so as to reduce
the rate of the levy from one-tenth
to 'one-twentieth of a mill. In spite
of this amendment however the ma
jority Of the league members voted
against the passage of the bill.