The nonpartisan leader. [volume], April 12, 1920, Image 13

About The nonpartisan leader. [volume] (Fargo, N.D.) 1915-1921

Image provided by: State Historical Society of North Dakota

                
ADVERTISEMENTS
THIS
HARNESSJ 71/75
Breeching Harness* In., short or long togs,
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Lead Harness (same description as above men
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INDEPENDENT SILO CO.
52 PUlabnry Ave., St. Paul, Minn.
We Pay Six Per
Cent Interest
on certificates of deposit for 6 or 12
months. All deposits in our bank are
guaranteed by the state of North Dakota
under the depositors' guarantee, law.
FARMERS STATE BANK
GKENORA. N. D.
S Baby Chicks lc
That's all it costs to save five chickB from the ravages
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over night and saves 98% of every hatch. The book
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I MELUNOER TIRE & RUBBER CO.
1936 oik Sk IUuaCm,llfc
BALE HAY NEW MY
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FOTATO PUNTER
Depth of planting: and drop
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the ideal machine for prac
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A. J. PLATT
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I ocanaard manufacture. Guaranteed twine. Buy
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AMERICAN CQ-0PE&AT1VE ASS'N. WlviakH, Vis.
I 80 million pounds sold to farmers last year.
References, any bank.
IINDER TWINE
Guaranteed AlTbug proofed f.o.b.factory nearOnioti
Sisal or Standard April carlots per bale $6.65.
Sinai 1 lots $6.90* later ahpt. 6c per bale per month more.
Co nsnmeraCordaseOo «Minne
apolis,Minn.
Mention the Leader When Writing Advertisers-
While most of this increase is due to
tax payments it is significant that va
rious local banks, without any form of
compulsion, are using the state-own
ed bank as their depositary to a great
er extent than ever before. February
15 reserve deposits of local banks in
the Bank of North Dakota totaled
$2,175,264. On March 15 this item
had grown to a total of $3,891,154.
In the same period the amount of
farm loans increased from $1,383,094
to $1,780,000. This includes only loans
actually completed. Scores of loans
are under consideration or in process
of appraisement, while many are be
ing delayed through failure of the at
torney general's office to pass prompt
ly upon abstracts of title.
In addition to the profits made dur
ing 1919, which enabled the bank to
repay the state for the funds used
for organization purposes, the bank
has made profits during the first two
and one-half months of 1920 of $25,
094, or at the rate of better than $120,
000 per year.
PRIVATE STATE BANKS
TURN TO CENTRAL BANK
One remarkable feature about the
operation of the Bank of North Dako
ta is that practically its entire assets
of $31,000,000 are kept working all
the time. With the exception of a few
thousand dollars, kept at Bismarck to
handle ordinary business demands,
the deposits of public funds are vir
tually all redeposited in the same lo
calities from which the taxes were
collected. This allows the local bank
ers to meet all legitimate demands of
their clients, while at the same time
the control of the Bank of North Da
kota allows the transfer of funds
from one locality to another, if it
should prove necessary, and thus
equalizes credit conditions in various
parts of the state, just as the federal
reserve banks equalize credit condi
tions among national banks in various
parts of the United States.
The fact that in a single month the
voluntary deposits of private state
banks have increased more than $1,
700,000 indicates that the private
bankers of North Dakota are appre
ciating that it is better for them to
have their surplus funds with a friend
ly bank within the state of North Da
kota, rather than give them to the
Twin Cities banks to loan to the Min
neapolis Chamber of Commerce. As
a matter of fact, some of the same
bankers who are publicly attacking
the Nonpartisan league for political
purposes and taking every advantage
of the various services of the Bank of
North Dakota, are saying very little
about this.
The Bank of North Dakota is now
soliciting deposits from individuals
outside the state and is offering 4 per
cent interest. Under the law creating
the bank all deposits are guaranteed,
both as to principal and interest, by
the entire credit of the state of North
Dakota. The bank therefore becomes
the safest depositary in the United
States. Flattering responses have
been received, especially from League
states. The money that is being re
ceived from depositors is being used
to make farm loans on North Dakota
farms and thus depositors, besides be
ing assured a good return on their
money and absolute safety, have the
Bank of North Dakota Shows Progress
Assets Reach $31,000,000—Deposits Nearly Double in
One Month—Farm Loans Growing Fast
Bismarck Bureau,
Nonpartisan Leader.
SSETS of the state-owned
Bank of North Dakota in
creased from $19,957,
739 to $31,392,535 in the
last month, the March
bank statement shows.
satisfaction of knowing that their in
vestment is for the benefit of other
farmers and the money is not being
used to finance opposition enterprises.
DEPTH OF PLANTING POTATOES
H. O. Werner of the North Dakota
Agricultural college states that the
depth at which potatoes should be
planted is governed by the time of
planting, the character of the soil, the
size of the seed piece and the depth
at which the digging machine can be
used. Potatoes of best quality with
least scab are secured by very deep
planting (8 or 10 inches), but on a
field scale this is impracticable. The
best yields are secured by planting
about four inches deep, but in the
heavy soils of the Red River valley
this may be too deep for economical
digging. If planted too shallow the
potatoes will be of poor quality and
sunburned and the yield will be low.
The new potatoes are formed alpng
the stem above the seed piece. Small
seed pieces should not be covered as
deeply as large ones. In a light soil
potatoes may be planted deeper than
in a heavy soil. Potatoes planted very
early should not be planted very deep.
ELECTROCUTES INSECTS
Electrocution of insects infesting
packaged cereals will result in great
savings to producers and consumers if
expectations are realized, says the
bureau of entomology, of the United
States department of agriculture,
which has been carrying on work of
this nature. A commercial machine
for sterilizing cartons of cereals after
the latter have been sealed has been
installed in a large cereal factory,
with every promise of practical value.
Experimental work to determine
the usefulness of fumigation in less
ening or preventing the enormous
waste taking place through insect at
tack to stored goods in warehouses,
though as yet extending over only a
short period, has yielded practical re
sults of great value. The value of
cold-storage temperatures in prevent
ing insect damage has already been
proved.
AN ORGANIZER'S LETTER
Editor Nonpartisan Leader: I will
tell you why I am organizing for the
League in Nebraska. I went through
the fight in North Dakota and decided
to help put another state across. I
find as much need of the League in
Nebraska as there was in North Da
kota before we organized there. I
have talked with many farmers here
and every one says he never got No.
1 for wheat, though some say they
have sold wheat that weighed as high
as 62 pounds. The farmers of Ne
braska say they must either leave
the farms or organize and establish
a system, but do not know what to
take up. I am now moving my family
from North Dakota to Nebraska to
help explain the truth to the people
and feel that every man should do all
in his power to get the truth about
the organization to the public.
Benedict, Neb. FRED DIMOND.
RAT CATCHING
A headless barrel is sunk two-thirds
of the way into the ground and then
filled one-third full of water. Hay is
piled around the top and some of it
allowed to hang over the edge. Sweet
milk is then sprinkled on the over
hanging hay and the trap is complete.
The originator of the plan reports
that he caught 56 rats the first night
and 24 the second, after which there
were no more to be seen.
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1
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818 Four
PAGE THIRTEEN Mention the Leader When Writing Advertisers
THE FACTS.
JOS.H.T.BARNETT & CO.
th Ave-, East, Cedar Rapids* Iowa