The Industrial Program
The 1919 Legislature took only a month to tackle the League's key legislation. Despite flaring tempers, scurrilous accusations, and rumors of attempted bribery, the House and Senate passed House Bill 17 which created the Industrial Commission. Composed of the governor, attorney general, and commissioner of agriculture, the Industrial Commission was empowered to conduct commerce on behalf of the state of North Dakota. Next to pass was HB18, which established the Bank of North Dakota. The historic 1919 Legislature adjourned having passed all five laws that created the legal framework needed to implement the League's Industrial program.
Less than six weeks after HB18 was signed, the Bank of North Dakota was ready for business. A manager had been appointed, policies were written, forms were printed, equipment was installed, staff were hired and an office was opened. One important element was missing – the $2 million in capital needed the make the bank a going concern.
Although the League majority swept away IVA opposition during the session, opponents of the Bank of North Dakota did not accept defeat.