THE STORY OF THE NONPARTISAN LEAGUE 



$1,854,400, at lower rates of interest than 

 were ever known in North Dakota. Accord- 

 ing to a Bulletin of the Department of Agri- 

 culture, the average rate in the state was 

 8 7-10 per cent. The Bank of North Dakota 

 had in three months and a half cut under 

 that by 2}^ per cent. And this at a cost for 

 appraisal of $2,896 on loans totaling more 

 than $1,800,000. The satisfaction of the 

 director-general would seem to be justified. 

 The bank in three and a half months had 

 saved the farmers $45,000 in interest. 



The litigation designed to eliminate the 

 bank interfered with the development and 

 operations that had been planned for it, but 

 while the decisions in the suits were being 

 waited for the bank continued to grow. By 

 February 15, 1920, seven months after its 

 launching, its resources were $19,957,739, and 

 its farm loans $1,382,094, with about $2,000,- 

 000 of additional farm loans pending. 



