The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-06-01

not only OH Il OASIS Oh CRAZE nut uiSO
on a basis of protein content.
Within the past six months the
terminal market has handled for
North Dakota wheat growers and
farmers cooperative elevators over
100000 bushels of wheat which other
wise would have gone to the terminals
outs dc this state.
In an action recently brought ia
secure rate privileges for this term.
inal market on the same basis as the
terminals in Minneapolis and Duluth
it was established without any con.
tradiction that North Dakota wheat
for the last four years has on the
average possessed a protein content OF
~ per cent. and has been worth on
the average from 10 to IL cents pei
bushcl over the card price at any
given station in the state. This
means that in the last year alone
the wheat produced in this state ought
to have brought over $ll 100000 over
the grade price to the farmers OF
North Dakota. A grain exchange was
organized last July and is now work
ing in conjunction with the mill and
elevator. The exchange is non.
profit organization composed Of "a
members.
Earnings and Losses Of State
Industries
Let US sum up the earnings and
losses of all the industries of this
public service corporation. The state
industries that have made profits arc
as fOllows:
Prison Irvine plant :. s 100000. O0
State bonding depart
ment ......... 5000. 0O
State Hail Insurance
department 10000, 900 .OO
Fire and tornado In
surance department $4,000. 90
Workmcn's Compensa-
ton Bureau .... 221 1929
Total s27,s94, 1922 90
The losses which have been charged
to the Bank of North Dakota are in
definite losses, estimated on account
of redeposits in closed banks and
lands acquired through foreclosure of
loans made by the rural credit depart
ment of the bank. In 1925 the bank
succeeded in selling 6,744 acres of
these lands and realized a profit on
these sales after all principal, inter-
est and taxes were paid.
The losses charged against the mill
and elevator amount to $685. so
Deducting this amount from the total
profits Of state industries still leaves
q profit balance of $27,069,5 1O.77.
This is tremendous showing of
profits to the stockholders of this
public service corporation, North
Dakota.
When the Bank of North Dakota
and the mill and elevator have been
in operation as long as the other
state industries, and when their man.
agement has been taken out of poll
ties, they will become just as profit
able to you as your other industries.
There is no privately owned bank,
mill or other business that could pos
sibly stand up under the attacks that
have been made against the Bank of
North Dakota and the mill and ele-
atOr ever since they were established.
Since the adoption of the Devils
Lake platform the word has been
spread abroad that all state indus
tries in North Dakota would be closed
up as quickly as possible. Since the
Devils Lake convention sales of flour
have fallen off tremendously. Any
merchant handling commodity
wants to be sure he can get that COM
modify after he has built up q trade
for it. Is it strange, then, that mer-
chants have become wary about buy
ing state mill flour when they are
being told that the State Mill is to be
closed?
Every industry that you have
created has been declared to be con-
AS to your right to es-
tablish such industries by constitu-
tiQpal amendment, let me quote from
the opinion of Judge Chas. r. Amidon
of the United State district court in
a decision rendered in an action tried
before him:
THE movement has gone straight
forward; the. constitution has been
amended, including the
here assailcd-all having
for: their object the correction of the
existing Ayxtem Of marketing the
states products. Year by year the
conviction has deepened, in steadily
increasing majorities, th4t public
ownership Of terminal elevators and
mills is the only effective remedy to
correct the evils from which they
believe themselves to be suffering.
Their decision is not popular whim,
but deliberate conviction, arrived