The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-05
THE BISMARCK TRIBUNE


finances will be filed the regular audts for the
years business are furnished
The 1921 was for ; business from
half Of the state the territory tributary to the State Mill
and Elevator largely DESTROYED its Of supply of
Kansas and Nebraska mills {where prices in 1881
snd v S.
Itory has heretofore been most profitable market The
greatly reduced sales in the eastern states, that telling
% into to- @ it. was exceedingly difficult
fall Of 1881 and in the spring and early Of 1892
The fixed charges against the Mill and Elevator amount
to annuay consisting Of for bond
ese % the for @a1 m a after
leaving net loss to the state of s2723791 for that year.
The adverse conditions above referred continued through
out most Of the year Of 1882 While the solved
sales s@6 for eGac
s If s d9 Of eas
ported from the South and also to the large distribution Of
local the q grinding ss Hs %s
State Mill we'll as those Of large private mills
The financial results for the first eleven months opera
ton Of 1882 slightly better than 1881 the operating
charges and eves the
to the state Of $2o4,e24.oS for that period.
The elevator department. know is federal licensed
rs %ou be- as Of the opinion that
operated under state supervision rather than under federal
terminal warehouses An appropriate aend
ment to our law granting the railroad commission such
authority u.s. therefore, recommended.
HOME BUILDING ASSOCIATION AND DRAKE MILL
Pursuant to the provisions Of the law the industrial
Association and the Drake Mill After selling ali Of the resi-
dence properties of the Home Building Association
Bank OF North Dakota the has turned all funds
hsre dsisi 5S The the
mission has transferred all such mortgages to the Bank of
in Se Th
ant was given because most the mortgages taken
safe seey The Of holds
mortgages and contracts assigned to by the commission
order to protect the held by the bank the balance
intact until the sums due on these mortgages and con-
tracts are paid down to figure that will make the bank abb
solutey safe from possible losses.
The of the Drake Mill were sold for s255oOo
and the receipts turned the bond payment fund for the
Mill and Elevator bonds as provided by law.
NEW CAPITOL BUILDING
to building project Our old Capitol building destroyed
M ss
carry the provisions of the ae In eomance with the
authority granted appointed the Hon. Geo A. Bangs
bers Of the Board Of capitol March 1881
which board Immediately organized and proceeded with its
and the board
Bs sa
DeRemer Of Grand Forks and architects the
Of %
lately began the important work Of preparing design for
study many with the members the
board and other officials About December 1881 the
board and the detailed work preparing plans specfca-
tons therefor began This nearly five months
he'd in Iuno
1882 the contracts let in july the ground broken
1882 The work has proceeded rapidly since On October
sh the laid with elaborate and appropriate
Vice President Of the United States many off,
an audience OF thousands of North Dakota citizens
now nearly erected the administrative unit of the building
will as rapidly as
to enable this work steadily forward this coming year
building will be ready occupancy within year from
The board of capitol commissioners has prepared and will
tailed the work Of the and sas sh to
recommend that member of the legislative assembly
detail further phase Of this subject except the
problem Of finances.
CAPITOL BUILDING FINANCES
The Capitol building law appropriated the sum Of s2ooo
100000 for Capitol building purposes be derived from three
the Of the Fl
collected on the old building which turned the
derived from the liquidation Of assets in that fund
accumulated period of many years. consisting of
mortgage securities bonds and cash hand which, when
lqudaed December l. 1882 amounted to 3149 and
third the proceeds Of capitol building levy of lOth Of
MILL first authorized in 1929 until 1885 Chapter
1885, Laws 1920 and extended in 1881 Chapter 28 Laws
1881 to 194O From the latter source approximately ST.
was osgnay expected be realized thus supply
tax anticipation certificates authorized law to be issued
by the board against the fractional mill levy and subse
quent income from the Capitol Land Grant
The appropriation of the fire insurance fund and the mon
les in the capitol building fund has made available as
planned but the anticipated from the onetent of
mill hash dinoin chodr En-