The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-03-13
Governor LQ1dS Work of
SOlO1ls on Tax Problem
Executive Favors Issuance Of
$1,000, 900 Bonds for
Emergency # Needed


sively minded" in passing tax legis-
lation, Governor Walter Wexford said
Wednesday in = statement prepaced
for 4 broadcast over KTYR ct $50
p. m., Wednesday.
The chief executive also said that
although the legislature did not
grant the authority, that he was in
favor Of permission to issue $4,000. 600
In state bonds should it be necessary.
This was the only part of his program
which failed Of enactment, he said.
Other Actions Landed
Important actions OF the legisla-
ture lauded by the governor included:
Limiting Of contract interest rate
to seven per cent. q reduction Of one
per cent from previous rates.
Reduction in the legal rate for In
terest on judgments to four per cent.
A law Tightening enforcement Of
cigarette tax and other special taxes.
A measure doubling the tax on
beer.
Paving the way for constitutional
amendment to make possible assess
nent Of utilities and other public
service corporations on . gross earn
ings basis.
Enactment Of sales tax and pro-
vision for use of the funds as q re-
placement for taxes levied on real
estate.
A law transferring 100000 from
the hail tax reserve fund to the state
equalization fund for distribution to
needy schools.
Provision for distressed and needy
to meet federal contributions by an
appropriation Of 100000 q year and
an additional 100000 for other aid.
Provision to meet interest payments
on state real estate bonds.
Hits Foes Of Sales Tax
In discussing the sales tax law,
Governor Wexford attacked opposi-
ton to the act as being brought "sole-
~ for the purpose Of embarrassing
the administration by preventing us
from providing means Of being able
to furnish the money to meet the
needs Of the grade schools.
II am happy to state that the pres
0AA0ONAOO0AAA
that the legislature provided more
than q two-thirds vote favorable to
the enactment Of this legislation and
thereby assured q satisfactory means
Of continuing rural schools, !" he stated.
The public welfare board created
by the legislature will soon be ready
for announcement, the governor said.
and will take over large proportion
Of the social relief work Of the FERA,
he added, although such action will
supplement rather than replace"
He also stated that appropriations
totaling 81 ,l30, 722.23, were granted by
the legislature for Minot, Valley City.
Dickinson. Glendale and Mayville
normal schools. Wahpeton school Of
science and the Bottineau school Of
forestry.
During the carly part Of the legis-
lature," he said, there was some talk
Of abandoning three Of these i1stitu-
tions. Apparently, however. propo-
nents Of these institutions were able
to persuade the legislature that they
should b continued.
AT some time In the future Il r
felt that citizens Of the state general
" win Wish TO prepare and submit .
program Of adjustment Of the state
institutions. What this program
might Be, cannot tell, but It would
seem desirable that serious thought
b given to some plan Of readjust-
ment. There Is too much duplca-
tion, yet there Is nothing that my Of
flee can do about It,"