The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-12-19
TOWNLEY hints AT
WAR With LANCER
ON INDUSTRY PLAN
Will Carry Issue to People II
Governor Tries to Block
Bond Issue

Washington. Dec. 19.-(P-A. C..
Townley. who led q delegation Of
North Dakotans to Washington in
quest for 5000. 900 loan for estab-
fishing state-owned industries, said
Tuesday the appeal would be pre-
sented to President Roosevelt We'd
nesday.
Townley said he and three men,
bers Of congress from North Dakota
had an appointment at the White
House at 1890 a. m. Wednesday. He
said the president would be asked for
an expression Of approval or disap-
prevail Of the project.
Townley said he would be accom-
panied to the White House by Sena-
tors Frazier and Nye and Represent
alive Sinclair.
He indicated they would seek from
the president suggestion for the
quickest method Of obtaining loan.
providing the president approves
Townley said 1t was his opinion the
people Of North Dakota would con-
sent to a state bond issue II the gov
eminent demanded such security. He
declared II Governor LANCER and the
legislature saw fit to block bond
issue, the people would resort to their
constitutional right to approve bond
issue through the state initiative pro-
vision.
Says Delegates Representative
He added delegates who returned
Monday represented fair cross-sec-
ton opinion Of the people Of the state
and that they believed unanimously
the voters would sanction any form Of
security the government insisted up
on.
Townley inferred the question would
be q state issue II the state admins
tration insisted upon opposing bond
| issue II that were the only financing
method the government would accept.
Gov. william LANCER. who has said
he favors the industrial project. has
declared himself as opposed to bond
issue to carry out the proposal.
Townley hoped, however. that q H.
nancing plan which could be more
hastily put In operation would be sug-
gested at the conference with the
president.
The governor said he refused to
plunge the state into debt" but ex-
pressed confidence any city wishing
to obtain q factory would have the
cooperation Of the state industrial
commission In negotiating with the
public wrks administrc lon for q
lean. LANCER pledged = .lpport to
the plan In other respects
Other Methods Suggested
It was said at q hearing before
public works officials Friday that two
other methods Of pledging the states
resources for q requested 5000 900
loan were open II the administration
failed to give its approval to Z bond
issue.
Townley explained the loar
might be negotiated through the
Bank Of North Dakota, with either
certificates Of indebtedness or the
banks note as q pledge Of repayment
| Under the North Dakota law, APP
prevail Of q loan to the bank would
have to come from the industrial
commission. OF which the governor
| Is q member.
| Public works officials indicated the
government would prefer that the
states promise to pay be In bonds
that could be marketed
Gov. Langer,s stand. however. threw
the matter Of security open to con-
lecture.
The governor left Monday night fo1
Lansing. Mich. to address joint
\ session Of the Michigan legislature
Wednesday. but said he would return
Saturday to press negotiations 70,
federal financing OF the factory pro
cram.