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North Dakota State-Owned
Bank to Make Loans at
Cost. tetails of:the Dem
The Inost -."terrible'. -tjlipg:; first-.
that seems to be the order in which
the farmer legislature of North Da
kota is approaching its business. In
asmuch as financial domination by
the money power is the key to most
of the exploitation of the common
people, the ending of this financial
power is about the worst thing the
farmer legislature could do. Their
plans for a state bank are well under
way and the measure will probably
have passed both the house and sen
ate before this article is read.
In the same sense in which it is
the most terrible thing for the money
trust, it is the most necessary thing
for the common people, for without
it the rest of the farmers' program,
including such things as state-owned
elevators and cold storage plants,
could be held up indefinitely. All that
the money trust would have to do
would be to close the market to North
Dakota state bonds, or deny business
credits at certain times. The state
bank will make the wholq state inde
pendent of these outside autocrats,
and especially those of the .Twin
Cities where North Dakota bankers
have to keep about $30,000,000 on
The new state bank is planned to
fill a place similar to that of the fed
eral reserve bank in relation to the
other national banks. It will be able
to accept the reserve deposits of
North Dakota state banks which are
now being sent to the Twin Cities,
and it will be able to rediscount the
commercial paper of these banks just
as the central federal reserve bank
The state of North Dakota will is
sue bonds to the amount of $2,000,
000 to furnish the bank stock. All
public funds belonging to the state,
county, city, school district and town
ship will be deposited in this bank.
From this source alone, therefore,
the bank will have deposits ranging
from $5,000,000 to $35,000,000. It
will be able to accept private depos
its by individuals and corporations
in any amount, just as other banks
do. Also it will have, as has been
said, a very large part of the $30,
100,000 reserve deposits carried by
North Dakota banks in the Twin
Cities, because the facilities for do
ing business through this central
bank should have at least $60,000,
ot00 in deposits, and probably a great
The deposit provisions of this great
bank plan, however, are much less
important than what the bank will do
with the money after it is deposited.
Ilere we find provisions which dis
tinguished it radically from all other
banks in the United States, except
pIossibly the state managed savings
ork ers: Get Down to Brass Tacks!
DEMONSTRATE to the masters, who BY DOING THIS you will prove your
use their power to starve you and strength and learn what further tactics
your families whenever it suits their vicious to pursue in order to gain all which you
purposes, that you are not only the most desire and which you are entitled to as the
numerous, but the strongest and most pow- men and women who compose the useful
erful class in society. You can begin by portion of society. Get your neck bowed.
reading only your own newspaper. Buy The big war is over, the big struggle is now
only of stores which advertise in your on and you can win if you are determined
own newspaper. to go through for your class.
,This Is Your Paper. Stick By It. Do Not Patronize Your Enemies
Subscribe for the Bulletin. Read the Bulletin. Buy of Bulletin Adver
tisers and you are bound to win in the struggle for emancipation
banks of Massachusetts. Inthe first
place the bank will be run at cost.
Anything accunmulated beyond ex
penses will go to increasing interest
to depositors or to reducing interest
charged on loans. The deposits will
be used to finance the state's new in
dustries, for rediscounting comlmer
cial paper of other banks so that they
can lend more to the people, and for
lending directly to individuals on
first mortgages and warehouse re
Aid in Grain Marketinlg.
The lending on warehouse reflipts
will go a long way towar4 mn ing
the farjner indepeid.ent of 'the itar
ket thieves. Ir tlhe .agly T41l hd.can
store his grain" in thle state-ofied
elevator. But suppose he needs steady
money, as happets o . -frequentl y?
Under the present system dlesigned
by our sltplposedly efficient private
enterprise, this needy farmer would
have to sell when he brings his grain
in to the elevator and take the ridicu
lously low Irices offered for it in
the early fall. In most sections, too.
the bankers arrange the loans so that
they coiine (due just after harvest, andll
therelby force the farmerl's grain on
the market at the worst possible time.
UFnder the new methods, on the
other hand, the North Dakota fartmer
will get a warehouse receipt for his
grain, and if he needs money he will
be able to borrow on his warehouse
receipt from the state bank any sumt
up to 90 per cent of the market value
of the grain. He will thus get what
money he needs to pay off bankers
and butchers and grocers, and at the
same time will remain the owner of
the grain until he thinks the market
is right to sell.
Because the security offered, that
is, the grain in storage, properly, in
sured, is about the best securitSy in
tile world, the rate of inter st on
tfese loans will be very 1w. Private
banks will probably compete with the
state bank for some of the business
once the new system is put across.
As the results of it bIecome apparent
the demand for similar service will be
irrisistable throughout the whole
northwest, even if, as the kept press
would say, it is socialistic, anar
chistic, bolslievistic. The farmers of
the northwest want better market
service than they have been getting,
and they are taking little interest in
the bad names the anti-farmer gang
attaches to sensible 20th century
Aid for Small Home Owners.
The mortage loans made by the
bank will be on terms similar to those
made by the federal land bank. That
is, the interest will be low and provi
sion will be made whereby the loan
can be repaid, together with the in
terest, in regular instalments. The
federal reserve bank, for instance,
will loan $5,000 at 51/2 per cent in
terest for 35 years, and the borrow
er pays both the interest and the
principle in that time with semi-an
nual instalments of $162.50. The
North Dakota legislature will make
these long time mortgage loans avail
able to the small home owner, or
would-be home owner, in the town as
well as to the farmers. This feature,
together with the shifting of taxes
from improvements to land values,
will soon make home owning cheaper
than home renting in North Dakota.
something which will not be true of
anly other state in the Union.
Say you saw it advertised in the
Yanks Won't Go
Back to Marry
(lly United Press.)
New York. lan. 21. -A,\re Ameri
catn tLen whi) haveo been tov .lrsas
going back to.lnarry French girls?
"No," is the ,nsaWer of 14 out of
15 returned officers, accordlin tot a
Y. M1. C. A. relresentative here who
has been interviewing returning offi
cers olt this subject.
The consensus of opl)inion of lfle
interviewed gives the reason thus:
The French girl is not what AmInri
(can men call a pal. She knows lhow
to cook, to sew, to miake love. S.h
can be a sweettheart. Sihe is no11
pal. I-er horizon too often is limtitdit
to the home. Her life is lived within
doors. She can never replace tio,
American girl for all arounmd intel
ligence, activities anlld a bllllitionls.
Mlost of all the American mn in miss
in her the playfellow they have
known at home---lthe girl with the
tennis racquet, the girl who loves to
hike long miles and to swim iand ridle.
Will the imen go back to lr'ance?
"Absolutely," say returned Amiatr
icans. "'lut thatl is becanse of tlhe
call of Paris, the carefree life in IIh,
cities over there, the thrill and the
romance of the atmllosllphere of
France. In fact. imost of the imen are
conting back to marry the girls the,
left behind. and then thcy lIproblully
will try to returnr to Flratnce and take
their Amnerican girl wives with thetmt
to see the world."
But it may not Ie ill advised for
the Amnerican girl to say to tile re
turning men. "You 'd beiter hllrry..
For the Y.. 1. C. A. is trying to hoel
the French girl "catch ip" with her
American sister ill oultdoor activities.
This organization is sending woment
over all the time to teach outlldoor
sports of every sort, and evenl nlow
nany French girls have discarded the
nutch slandered French heeol. In fact,
there is a whole island il the Loire
'ivlr given over to outdoor life and
Over 115 secretaries are in France
doing after-war work. The Red Cross
nurses' huts were built and equilpped
by the lied Cross. They were then
turned over to the Y. W. C. A. as a
co-operating organization, and the
latter has furnished the workers for
the huts and maintained the upkeep
of them. About 5(0 of these secre
tarl'ies now across are engaged in this
work. With the return to this coun
try of tile nurses, the Y. C\. C(. A.
secretaries thus engaged pIrobablly
will be transferred to work of other
None buit highly Irained women are
being sent over by the Y. W. C. A.
Almost all who have gone, or ;ire
going over, are college graduates.
All have hald experience along somlie
particular line of work. Many are
Some have been professors in lead
ing colleges. Miss Margaret Morris,
formerly plrofessor of history at Mt.
Holyoke College, Mlass., is at the head
of the nurses' work. Miss Mary Mc
[owell, known as Aunt Mary of the
Stockyards, of C'hicago. perhaps
nore familiar with tile twists and
kinks in the woman's industrial
world than almost any other Anmeri
special piece of work fr Ihe :asso
Miss Mary Dingnian t i New York
City and P'aterson, N. ! . who went
over when Ameria w\-l InI iito Ihe
fray and who supervl'\isetd building and
maintaining of the i1 f oyt.rs is now
in this countrny alind ex . el to retulrn
to France very sooi to dlireit tlhe ii
It seems pIrolable that if the Y. W.
C'. A. is able toi (co plete ihi pr I) ;llll
started in F'IranceII. Frl'ie'h wimen will
be /dble to illeet ALerie';nll freedom
with a new b'ut ilntensely reatl F1rechl
(,---i --- --- ----- -(
If it wasn't for the oi-: we wouiiiil
all starve lto dealth.
Save your monel . 'iThats Iow the
Iboss beculiiie . icih.
N'ever go oni strike. Th'lie i.. i et
I poor opillioll of oili.
Nevel crilicize yiouir iboss fr lay
ilg you oiff. It's I is biisiliinss, I1o
Never mitnd ylouir ilds stis i n;,, i:
inig as lithe boss eats we'll.
Never mitid if your wife wei '.s
ialico dress, as long as vityour his'
wife w, ars I :'ilk io e.
Never 1ini1t if yotiu live iil 1 two
'iomin sliaclk or l iteneitie tl as llng a:;
your aops hls a miillion-dollari homl..
Never read alliV socialist ior . V'.
;V. literature'; its not faiir io yiuin
Never listen to l a i gitaltor. le ie
just trying to graft oil yioui; ind ie
sides, 'ie says oitni tihi.tgs abouti
Never join a union unless you,'l
ioss apprloves of it; it onllly ctlmuses
Alwaiys join the saile lodge as yiour
ioss. It's r'espectable, and biesides.
you have a show to enijoy youllr btiss'
Never be .airy to your hoi.ss. IIt':
his job you are workinlg on,. aniti he
a;s i right to ay wlihat he likes.
Never, e ilver criticize yoir boss.
le has got brails; tihalt's whiy le is
ioulr oli, s.
And albove all, never join the I. 'W.
VV. If it was any good yourli' bss
,voulld trlong to it.
l(Slpdt.ibtl initedliPress Wire.)
H;iliphoql'o, Tex., .an. 21.--lBragg
WVillil ps, a negro, murderer of lIrs.
;leoi'ik Wells and 'ltihlnt sonl, was
tileant' ,t.)m' the offieers here Itoday
bIy lliob alld bp'1Ped,.at the stalte
mn thie public squiare.
Donl't forget tIlt bg. sale on mein's
hats 'andl caps it. Nickerson's, 112
.Vesl Pmark streel. Adv.
AT 8 O'CLOCK IN
Metal Mine Workers' Hall
Every member should and must attend, for the
activity of this organization will influence the
trend of thought of workers in other organizations
The Workers of Butte Should Attend