Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1925-03-19
SUBMIT RURAL
CREDIT REPORT
Legislative Investigation Find.
lngs Avoid Recommendations
on PoIicy-Charge In
flated Valuations.

hahSa N6tttttVtfos
st. Paul-Minnesota will suffer sub
stantial losses in It's 100000 rural
credits loan experiment. carried on In
the last two years. and some OF the
losses grew out OF "incompetency and
lack OF judgment" by some OF the APP
praisers. joint legislative commit
tee, which has conducted an investi
cation, reported to the legislature.
The rural credits bureau II criti
cized for the manner in which II per-
mltted inflated valuation to be made
by appraisers.
The committee specifically avoided
any recommendation regarding the
future policy OF the state In the farm
loan business believing II 10 be out
side the scope of It's Investigations
and perview"
The report said that records fur
nlshed from the bureau showed that
on February the states investment
in the lands where foreclosures have
been completed and where the state
has acquired title to the land. sub.
ject 10 the right TO redeem, In In ex-
cess OF 100000. There are 235 de-
linqnent loans amounting to s1.143.
900. on which foreclosure has not yet
been commenced and the committee
pointed to these as another probable
source OF loss although any estimate
OF aggregate loss was held to b. "mer.
est conjecture"
Riders Attacked.
while the committee feels that
the state will suffer losses. II cannot
say that such losses are greater or
more numerous than could be ex.
pected under the circumstances In
the handling OF the emergency meas.
ure OF s40000.000." the report read
The committee report. which was
prepared by Senator Chris Rosen.
meier. was signed by Senatros C. A.
Lund. w. A. Just and Rosenmeier:
and Representatives r. A. Wilkinson.
Henry Spindler and Marius Waldel.
the six members OF the joint inyesti.
eating committee.
Adopt Rural Credit Report.
Reduction OF the loan limits under
the rural credits act and creation OF q
system OF district appraisers are au.
thorized In q bill introduced.
The bill was introduced In the sen.
ate by Senators c. A. Lund. w. A.
Just and c. Rosenmier. senate mem.
bers OF the Joint legislative committee
which Investigated the rural credits
bureau, and In the house by Represen.
tatives II, A. Wilkinson. Henry 5pind,
Ter and Marius Waldal. the three
house members who served on the In.
vestigating committee.
In general. the bill carries out the
recommendation which the investi
eating committee made at the con,
illusions OF its inquiry.
Governor insists on Reorganization.
In recent interview Governor
Christianson placed upon the 1895
legislature the definite responsibility
for meeting public demand. for saving
taxpayers money when he said that
mandate from their constituents
calls upon q majority OF the legisla.
tors TO enact n program for reorgan
nation OF the state government.
II told the voters who elected me
that would try to make every tax
dollar paid into the state treasury
give 100 cents OF service" the COVER
nor said. This week there has been
placed before the upper body OF the
legislature an instrument which
would enable me TO carry out that
pledge.
II expect the legislature TO make
the reorganization bill law. I. Is
the outstanding measure befor the
Legislators"
Mr.. Christianson said that there 10
ample time for Intelligent action by
the legislature. which Is to adjourn
April 20.
"The people elected me governor OF
Minnesota" the governor continued
'"rhe voters demanded that there be
a reorganization OF the state govern.
ment along lines which would accom-.
plish economy and efficiency. The
house interim committee has given
tho basis for such a plan. The sen.
ate COMMITTEE has improved II and
the house committee Is perfecting It's
draft. The whole issue now Is before
the legislature as It's paramount
work"
The consolidation OF departments
are important, In line with economy
and would prevent duplication"
Governor christianson pointed to Q
heap OF letters and communications,
which are pouring into his Office from
all over the state. as evidence that
reorganization Is the key OF all pub
lie demand In Minnesota.
Mr., Christianson made known tha,
he did not propose 20 send special
message to the legislature bearing on
reorganization. He said he had
stated his position clearly In his In
augural address.
Senate Favors Printing Plant
The atatA sanafA oyarturnah IN.