The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-06-16
FRAZIER AND
FISHER TALK
UPON ISSUES
Make Urgent Appeals for PEG.
ple to Go to Polls in
Election
SENATOR FLAYS VETO
Fisher Declares Drive on to
Destroy the Bank of
North. Dakota

Speaking at Emerson IN Dunn
county Wednesday Of this week, u.
S. Senator Lynn j. Frazier. candi-
date for reelection, and State Treas
nrcr c. A. Fisher, Nonpartisan
League endorsed candidate for Com
missioner Of Agriculture and Labor,
drew frequent applause from their
crowd of between 200 and 300 farm
ers and families, as step by step
they took up and discussed the is
sues of the present political cam
paign.
Both speakers concluded with an
urgent appeal to their audience to
get out all the progressive vote in
their neighborhoods-on June 9th.
as this year in the primaries all
important issues are decided.
Senator Frazier laid particular
stress on the importance OF getting
the Nonpartsan League endorsed
candidate for the state legislature,
for governor, attorney general, COM
missioner of agriculture and labor,
nominated, because, he said, the
state legislature controls all legis-
lation pertaining to our states in.
dustrial program, and the governor,
attorney general and commissioner
of agriculture and labor compose the
state industrial commission, which
is entrusted with the operation of
our state industries. while the gov
ernor in the event Of an l. V. A. con.
trolled legislature by his veto power
can stop legislative attempts at
crippling the state industries.
Destroy Bank Aim
Discussing the Independents pro-
gram in relation to the Bank Of
North Dakota, Fisher pointed out
that there is no doubt, but that at
tempts will be made to destroy this
institution, if they get control of
the state legislative body or of the
state industrial commission. The I.
V. AS platform demands that the
states bank be operated as a farm
loan business and depositary for
certain state funds" only, and that
municipalities and counties may de-
post funds with the Bank Of North
Dakota only when lacking depositary
facilities. This means, of course,
that an eventual l. v. A. legislature
will enact legislation to the effect
that no county or its institutions
may deposit funds with the states
bank as long as there is private
bank, safe or unsafe, open in the
county, and that but single per-
haps insignificant state depart
ment's funds may be permitted to
be deposited with the states bank.
The general banking department
of the Bank of North Dakota has
made net profit of upwards OF
100000, while its farm loan de.
partment has a temporary loss on
its books Of $25O,OOO. The first
series of sales of land taken over by
the states bank even with the pre-
vailing low land prices shows a prof
it, however, so it may be taken for
granted that with the completion of
all the land sales also the loss of
$25O,000 will be eliminated. The
farm loan department is neverthe-
less the least profitable of the two
departments. 1t is the most profit
able part of our states bank, its
general banking department, that the
/. v. A. demand be closed. That
is the kind of business manage
ment" they want to introduce.
Referring to the part of the Nom
partisan League platform, which will
leave it to the voters in each county
to decide whether or not they want
, state branch bank established in
their midst, the state treasurer
pointed out, that under the present
law such branch banks may be put
in even against the voters protests.
Even the private bankers should be
thankful to get the proposed re-
striction enacted into law. A bank