THE SUNDAY OREGONIAX, PORTLAND, NOVEMBER 28, 1920
hdrth Dakota bank
f NOW FACING CRISIS
People of State Repudiate
Monopoly State's Funds.
MAY WITHDRAW MONEY
tea ?ae Begins Campaign Among
Farmers Seeking Individual Ie
posits to Carry Out Projects.
',FARGO. N. D., Nov. 27. (Special.)
-Just now the plight of the Bank of
Xbrth Dakota, the non-partisan
league's pet state project, is the chief
topic in North Dakota. In the recent
election the people adopted a law by
which the bank no longer has a
monopoly on public funds, and, in
tbe opinion of prominent non-partisan
league leaders, this law eventually
Will close the bank.
KNon-partisan league leaders find
themselves in rather an embarrassing
situation. Prior to the election they
Went before the people with . the
declaration that if the initiated law
relative to public funds was passed
tbey would not be able to carry into
effect the so-called "farmers' pro
gramme" of the league. Over their
objections the law was approved by a
majority of approximately 900.
' League's Theory Explained.-
j'Better to appreciate the situation
and the function of the Bank of
North Dakota, it is necessary to un
d-erstand the theory upon which the
bunk was established. The bank .was
created for the - single purpose of
financing a series of state-owned ter
minal grain elevators and flour mills.
To obtain money, a law made it com
pulsory for all state officials and all
officials of every taxing subdivision
of the state to deposit public funds
in' the bank. At the close of the last
tax-paying period, March 1, 1920, the
Bank of North Dakota had deposits
Of approximately J35.0O0.0OO. This has
dwindled to about 115,000,000, and
will be further reduced between now
and the time the new taxes are paid.
;The law gave officials of the bank
power to loan money to any state in
dustrial institution or to transfer it
from one department of state to
another. When that law was put up
td the people non-partisan league
advocates asserted that without the
bank they could not possibly finance
and operate the system of state
owned flour mills and grain elevators
which they insist will cure the evils
'urronndinp: the production and
marketing : of grain, particularly
wheat.
Bankers took the view that to place
under the control of politicians a
sum of money so great as that in
volved in the Bank of North Dakota
must operate to the disadvantage of
the state. They contended-that this
law gave to politicians power to pun
ish banks and business men if they
refused to lend support in whatever
plans or schemes they might have.
To complete financing their proj
ects, the non-partisan league legis
lature authorized issuance of $17. -000.
009 of state bonds, but the state
found itself unable to sell them. The
then attempted to finance
state industries by state funds that
came into the bank.
This monopoly of Public funds did
not long meet public favor, and en
actment of the law which did away
with compulsory deposits followed.
It goes into effect December 2. After
that date the treasurer or any public
official who has authority over public
funds of any kind now on deposit
in the Bank of North Dakota is
privileged to withdraw those funds
and redeposit them in some bank of
his own choice.
Western Part of State Benefits.
The Bank of North Dakota adopted
a plan whereby a part of the state
money received was re-deposited with
other banks. The theory was that
this money would be deposited in
communities where there was a
money shortage. For two or three
years crop conditions in the western
part of the state have not been good,
and the bank made deposits in the
western district greater than in
other parts of tne state in order to
help finance the farms of that region.
When public officers have power
to withdraw money, a re-transfer of
funds will result in heavier demands
upon counties of the west, and coun
ties of the east will -benefit accord
ingly. Bankers and officials alike
have declared they are opposed to
any immediate withdrawal of funds,
desiring to give the Bank of North
Dakota an opportunity to arrange
its affairs so that withdrawals will
not embarrass it.
The Bank of North Dakota has
made loans of about i 3,000,000 on real
i estate and other extensive loans, in
cluding a half million dollars to state
industries. This money cannot be ob
tained immediately for re-transfer to
the counties. In an effort to tide
over the situation, the state admin
istration has announced that the
Bank of North Dakota will be open
to private deposits and the league is
making a campaign to induce farm
ers to take money out of local banks
and deposit in the state bank.
Branch Bank Held Solution.
Another counter move by the Bank
of North Dakota Is that it probably
will establish a string of branch coun
ty banks. These county or branch
banks probably will not be new banks,
but some banks already in operation,
which procedure is possible under the
North Dakota act.
North Dakota has for several years
witnessed the withdrawal of a large
amount of money from the state be
cause of the antagonistic attitude of
the non-partisan league state admin
istration to investing capital. Money
for farm mortgages and for financing
of farm operations is no longer In tbe
state. Investors in mortgages have
insisted upon payment of mortgages
when they are due, and no new money
has come into the state to take its
place.
- Financial Crisis Impending.
Every possible : attempt is being
made by the conservative people of
North Dakota to bridge' over the
financial crisis now existing. Lead
ers of tho forces opposed to the non
partisan league have dac -red their
intention of doing everything pos
sible to prevent disaster. They as
sert that if anything does occur to
further embarrass the state finan
cially it will be because the non
partisan league administration nas
declined to come half way and deal
fairly in this emergency.
The non-partisan league state au
ministration has come to a turning
of the wavs so far as finances are
concerned. It can no longer depend
upon the Bank of North Dakota to
finance any state-owned projects,
and if funds for those purposes are
to be obtained they must be obtained
at the hands of a state legislature,
one house' of which at least will be
controlled by opposing political
forces. This financial crisis is one
of the hardest problems the league
has had to contend with since it
became a political . factor in North
Dakota.
Mrs. Harding's Waffles
Win Politicians' Hearts.
Wife of Presldemt-Kleet Helps 1m
Front Porch Campaign.
vantages of a fine or going to Jail,
and chose the latter.
Carpenter had been engaged at a
sawmill, which was closed when he
was tried before Justice Joehnk. As
the mill owej him 100, he comuuaea
that, having no work, and being
obliged to expend the . money in pay
ing his fine was not so favorable an
extrication from his predicament as
to go to jail- and leave his lamiiy tne
100 for support. He will serve su
days.
TWINS' BIRTHDAYS VARY
One Boy Born Thanksgiving Day,
Other on Day Following.
T.OS ANRELEi Cal.. Nov. . 27.
Twina, with different birthdays, are
the latest addition to the family ot
Mr. and Mrs. George Schubert here.
One bov was born at 11:30 o'clock
Thanksgiving day. .The other apt
peared at iz:zu tnis morning.
THE OREGONIAN NEWS BUREAU.
Washington. Nov. 27. During the
two-months' front porch campaign
conducted at Marion, O.. visitors to
the republican politician acquired a
fondness for the waifles made by Mrs.
Warren G. Harding, who will soon
become the first lady of the land.
Here is the formula for the waffles
which, with creamed chipped beef,
fresh fruit and good coffee, constitute
the Harding Sunday morning break
fast the year round whether in Marion
or Washington:
Two eggs, two tablespoons of sugar,
two heaping tablespoons of butter,
one pint of milk, one pint of flour,
two heaping teaspoons of baking
powder, one teaspoon of salt. Beat
yolks of eggs and sugar and salt and
milk and flour; next add melted but
ter. Just before ready to bake- add
baking powder and beaten white of
eggs. Cook in hot waffle irons. Use
plenty of butter and maple syrup.
JAIL TERM IS CHOSEN
Moonshiner Prefers Time to Spend
ing $100 for Fine.
MARSHFIELD, Or., Nov. 27. (Spe
cial.) Adolph Carpenter, a Bunker
Hill man, caught running moonshine
liquor from a still into a receptable,
and with several bottles of finished
product, weighed carefully the ad-
HAS GOOD APPETITE
AND GAINS WEIGHT
Tacoma Woman Is Restored to
Health After an Attack of
Influenza.
"it didn't seem possible that anyone
could lose strength as rapidly as I
did during an attack of Influenza,
says Mrs. F. L. Richardson, who lives
at No. 508 South Twenty-first street,
Tacoma. Wash. "I lost flesh and was
completely run down. I did not have
anv ambition and was tired all the
time I had no apPetlte and what little
I ate disagreed with me and caused
pain. No matter how tired I was I
could not sleep well. I became very
nervous and suffered from headaches.
I tried several medicines to build up
my system, but they didn t help me.
"Dr. Williams' Pink Pills were rec
ommended to me one day and I de
cided to try them. After taking one
box of pills I felt a little better, so I
kept on with the treatment. Soon my
ambition returned and I had a better
appetite. It was not long before I
regained my strength. ..My color is
good now, I sleep well and no longer
have headaches or nervous spells, l
shall always use Dr. Williams' Pink
Pills when I need a tonic and strong
ly recommend them to others."
Inf luenzaleaves the blood thin and
there is no way of correcting the
weakness and general debility which
ensue except by building up the blood.
As soon as the revitalized blood
courses through the system you are
a wo pa nf ita .iinthint. slrnirthnln.
j influence. Gradually the color comes
back 'to the cheeks, food tastes good
and is readily digested, and starved
nerves before strong again.
Write today to the Dr. Williams
Medicine Co., Schenectady, N. T., for
the free booklet, "Building Up the
Blood." Your own druggist sells Dr.
Williams' Pink Pills or they will be
sent by mail, postpaid, on receipt of
price, 60 cents per box. Adv.
We Give Double S. & H. Green Trading Stamps All This Week
r
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1
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CONTINENTAL WARDROBE TRUNKS
Regular Price $47.00
Now $395
ACCEPTABLE GIFTS
Your family and friends will
greatly appreciate traveling
equipment on account of its
usefulness.
We carry the famous "LIK
LY" Bags and Suitcases, fit
ted and unfitted. Absolutely
the finest quality and style.
IMPORTED and DOMESTIC PERFUMES
it!
I
t
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COMPLETE STOCKS
Imported
Houbigant
Rigaud
Roger & Gallet
Djer Kiss
Coty
Violet
Guerlain's
L. T. Piver
Ed. Pinaud
Tanty
Vivaudou
D'Orsay
Domestic
Ricksecker's
Miolena
Some Flowers
CLA-WOOD
Palmolive
Nikk-Marr
Hudnut's
Colgate's
Mavis
Aubrey Sisters
Vantines
Palmer's
aimnnnuininiiir
UH.i,mittnuimtiiiuwmimi.HUinuittmin
Absolutely New Stock
Genuine PY-RA-LIN IVORY
Choose your gifts from our showing, then .you can be sure you
are giving something acceptable and useful.
Hat Brushes
Talcum Boxes
Puff Boxes
Combs
Dresser Trays
Nail Brushes
Clocks
Perfume Bottles
Nail Files '
Mirrors
Buffers
Military Brushes
Napkin Rings
Flower Holders'
Cuticle Knives
Jewelry Boxes
Cream Boxes
Bonneb Brushes
Hair Receivers
Shoe Horns
Picture Frames
PY-RA-LIN Ivory Toilet and Manicure Sets
An extensive assortment of these beautiful Pyralin Ivory Sets,
from the smallest to the" largest made. Prices to suit all.
Ladies' HAND BAGS
and Vanities, $10.50 PQ rrpr
to $21.50; now DO. 4 O
Assortment of Ladies' 1 CCL
Handbags and Purses 2-'"
A Fine Present for "HIM"
The AUTO-STROP
SAFETY RAZOR
Strops automatically shaves and cleans
without removing blade from the holder.
AUTO-STROP
is adjustable to a light, medium or close
shave. C o m p 1 e t e razor, strop, blades
and case
Price $5.00
1-
Sale of Ladies'
Silk Umbrellas
Fancy handles, all colors and styles
to suit your wants. An opportune
sale, as these Umbrellas will make
exceptional Christmas gifts.
$ 8.75 Umbrellas, Now...Jj 6.75
$13.50 Umbrellas, Now. . .$10.75
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I Greeting Cards
I Help make this Christmas the
1 best the world has ever known. 1
I Send a Christmas Card to every . j
I one of your friends. We will
I gladly help you. Come in and 1
I make your selections from our
1 large and varied stock.
I ENGRAVED GREETING CARDS j
I In good taste and refinement 1
1 our' cards are unsurpassed. All 1
I we ask is that you place your
I orders at once in order to fa- 1
I cilitate early delivery. 1
Fountain PENS
Waterman's Ideal.
Moore's Non-Leakable.
" Sheaf fer's Self -Filling.
Conklin's Crescent Filler.
Our stock is the most com
plete in the northwest and
our. pen expert is the most
courteous.
ALL "LIKLY"
LUGGAGE
TRUNKS,
TRAVELING BAGS,
SUIT CASES
(Fitted or unfitted)
PORTFOLIOS
oodard,G(arlted,Go.
ALDER. STEEET AT WEST PARK
This Week
Only at. . .
25 off
Ne
II 11
iw uoines ai new ir rices
: - . ; . .''.'' '
My Prices are Down to Bed-Rock All the Time
Look these over
TTnri
.so
$
QUALITY
STYLE
AND FIT
$4-0
And the Cream of the
World's Best Clothing for
$45 to $55
To the men who use my stairway it
means saving money. Come upto
my upstairs store. SEE FOR
YOURSELF New Clothes at New
Prices. DO NOT WAIT, because
clothing prices are unsettled they
may go up again. Manufacturers are
only running 30 capacity preserve
stocks are being used up and the sup
ply of clothing on the market is
decreasing. Look out for a rise in
price when buying starts again.
Suits, Overcoats and Raincoats
J PORTLAND'S ORIGINAL k-TlJ
' QXVi UPSTAHtS CLOTHIER Tgg
Jcotea'tV Upstairs, Broadway atAlder
1
' 12:30 1
ia
ON OUR MIGHTY VOICED ORGAN ..aJ&l''
1. The Charlatan March Sousa ,-ZXJ . - - . ."t
2. Calm a the Night ...Rodney. SPSS!!'
3. The Liberty presents the Manhattan -K- gS&Jt 1
Trio in a delightful songologue. felf ' '" -s
4. Keates Music Test.
Note Professor Keales rvill endeavor to play v4f '
an) requested number popularized during the . "
past nenj)-ive pears. All concert patrons s
offering numbers which he cannot play ivill be ; -
presented with a five-dollar bill, providing j
here's where the fun comes in. f' -
5. Overture Orpheus.... Offenbach $ $&
THE SEASON'S CONCERT NOVELTY ' - '
tV-f JfCfe '"j JESSE L.LASKT PRESENTS
: Always
Nf? 'mam Aodaooas
I . J'lfS if Beyond a question the greatest role
' ',15Pfl that Wallace Reid ever played. All
I ALSO ''imim j. action alive with surprises and
I LIBERTY WORLD NEWS fun' and thrills for ten Picture!
i AND Adapted From the Famous Saturday
1 . . Evening Post Story
THE MANHATTAN TRIO - 5
I Direct From Eastern Concerts
I : V.' -
"A HOME-SPUN HERO'
A Two-Reel Sidesplitter That We
Pronounce as Unbeatable It's 100 Fun