The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-11-03

TINS point do your own thinking. You know that
ago. When trouble started they were the first
ones to withdraw their deposits and their action
closed many banks. The number of outside de-
positors left and the amount Of their deposits is
almost insignificant. Even if the amount were
larger in all fairness debt is a debt regardless
of where the creditor lives.
Section Nine of the amendment limits specific
ally the amount Of taxes that can be levied on
count Of the bond ISSUE The one mill leyied ex-
actly replaces the Soldiers Bonus tax now ex-
pred by which the State has raised S1O.OOO.OOO in
ten years without knowing it. Your taxes will
not be increased except for some other purpose
than the bond issue.
The opposition by false method of calculation
try to make Of the bond issue heavy increase in
annual land tax.
What are the facts?-The average tax per
quarter section per annum. required to repay tho
bond issue. and interest, will be less than three
dollars. No more than we have been paying for
soldiers bonus-which now ceases and. like the
soldiers bonus it will establish the stability and
good faith of the state.
Much has been said about bond companies.
These companies passed their losses along to per-
sOnal guarantOrs who without any benefit what
ever to themselves suffered large losses. But
don't forget that thousands of personal bonds
Districts. Villages and Townships and many of
these small divisions lost money or had no bonds
What will be the effect of the passing of the
eoeq sse on the th and prosperity Of
deposits will increase land values to every land
owner because much of the money recovered will
be used 10 buy land. When land is selling prices
go up. An increase in price of only 500 quar-
ter section will exceed the amount of the bond
issue. Putting Twenty-Five million dollars in
circulation in the State ut one time will slim
uIate all business. More food. clothing and com.
forts can be bought. Old debts will Be paid. I'm
provements will be made and homes built. School
Districts and Townships will recover lost funds
and be able to reduce taxes. Every person doing
business or owning property or working for
wages in the State will receive sufficient benefits
to pay his or her share of the bond issue. and
profit besides. Increased business and pros.
perity in the State will draw new residents, re-
sultng in increase in property values they in
turn will pay their share Of taxes for the bond
issue and every other purpose.
The State is liable because the Administration
sponsoring the Guarantee Fund law did claim it
Is State guarantee: They backed water only
when trouble appeared.
The passing Of the Bond Issue Amendment will
redeem North Dakota-make business-increase
and stabilize land values-debts carrying high
interest rates can be paid,-houses built, Asehools
opened or improved. Remember too that the
money depositors lost was al loaned in North
Dakota. Shall these benefits Be lost because Of
the, opposition and misrepresentation Of few
selfish rich men and greedy outside interests un-
willing II admit that they too Win be benefited By
the common good? II yoa believe in > Greater
North Dakota