The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1923-07-10
NESTOS FLAYS
SEN. FRAZIER.
AIDING PREUS
North Dakota Executive De-
livers First Speech in
Minnesota Campaign
s p E A KS AT HI A 10 OK

Hallock, Mimi, July 10.-Governor
Il. A. Nestos, of North Dakota,
speaking here last night in support
of the candidacy of Governor Preus
for the senatorial seat of the late
Knute Nelson, devoted part Of his
speech to discussion of United
States Senator Lynn J. Frazier, of
North Daokta, who is speaking in be-
half of Magnus Johnson, Farmer
Labor candidate for senator.
"Magnus Johnson is endorsed and
his election advocated by the Junior
senator from our state, who has al
ready on several occasions stated
that he is going to stand with La
Toilette on every proposition. Since
Senator Frazier has had no chance
Ito show what he is capable of doing
as United States Senator, it would
be but fair in determining the value
of his endorsement to examine his
record in the only public office he
has held, for the purpose of discov-
cring whether his own official acts
and his own judgment and ideals in
the conduct of the public business is
such as to warrant you in placing
any reliance upon the endorsement
of Magnus Johnson given by him.
"He was Governor Of our state for
nearly five years. During that time
as the chief member of the indus
trial commission of three with full
veto power on every act of the 9TH
or commissioners, he was in charge
of .the Home Builders Association,
Abe Farm Loan business and thP'
Kate bank and therefore, more than
any other man in our state, respon-
sible for the conduct of these lines
of business and rhe proper man
aecmcnt of their affairs.
"In the conduct of the Home
Builders Association where some
thing over Il half million was
Spent, it is now discovered that
more than half and probably about
GO percent of the total amount Spent
has been absolutely wasted and M is
applied and is total loss to the
taxpayers of our state.
Flags Loan Record
an the conduct of the farm loan
business, we discover that during
the period of about twcnty-eight
months in which the Frazier admin
istration conducted that business,
they made a total Of only 755 loans
amounting to less than $2,90O.OoO
of which approximately $4,000
were loaned in three favored coun-
Lies while twenty other counties
containing more than half the po-
pulation of the state received an
average of only $4,813.15 each. The
new administration since March
1922, has not only Strengthened out
the miserable tang:e in the conduct
of the farm loan business by the old
administration but Has made, up to
June 80, 1923, in a period Of sixteen
months 1929 loans amounting tc
s69O5, 241.12 now fully completed
and additional loans in the amount
of $2,446, $4,000 now in the process
of completion.
an the conduct of the Bank OF
North Dakota, as well as in the con
duct of the Home builders Associa
tion and the Farm Loan business by
the Frazier administration, the1'
was so much inefficiency, of care
lossness, of poor judgment, and OF
political favortism, that the writ
ton record is the most amazing ant
the total losses to be borne by The
, taxpayers of our state from these
three lines of business alone ant
fVm the industrial commission VIA
al cunt to between one and two mil
lions of dollars.
Praises Gov. Preus
"This is but Il slight share of thu
mass of evidence that might be sub
milted and the increasing knowledge
of which, by the people of our state
resulted in and is evidenced by thu
rapidly decreasing rajorities recelv
cd by the senator when he was run
majority of 1916 being 64,699, il
\ the fall of 1918, 1884, in the fal
of 1920, 4,63O, in the fall of 1921, a
the recall election, defeated by
majority Of 4,1O2.
"In view of this record, it doe
not seem to me that the people O
Minnesota are warranted in placin
much reliance upon the judgmen
and Recommendations of the JUNO
senator from our state"
Governor Nestos praised the re
cord of Governor Preus, saying h
had been progressive in his attitud
on legislation and urged his electiO
for the support he would bring tn
Harding administration.