No, Emily, Vermont does NOT need a state bank

To the editor:

Re: July 31 letter by aide to GOP gubernatorial candidate Emily Peyton supporting a Vermont state bank:

I looked up the Bank of North Dakota (BND) and with interest their history. They are the only state owned bank that Emily Peyton named in a governor’s debate. A politician named A. C. Townley (a politician who was fired from the Socialist Party) was the spearhead on setting up the Non-Partisan League which eventually gained control of the Governor’s office and the legislature in 1918. In 1919, the state legislature established BND which opened July 28, 1919 with $2 million of capital. I won’t bore anyone with the rest of the history but is available to read on’s website.

It boils down to another government run institution, just what the doctor ordered. They have seven (7) Executive Committee people, no doubt paid well by the state.

We do not need another state run organization. We need to pare down the state government we have now. Emily, thank you for running, but we do not need any more socialist agendas in the foreseeable future. The need to return to government by the people and for the people is needed more now than ever.

Thanks to Mr. Page for running the Vermont Daily Chronicle and keeping the comments open. Freedom of the press!!

Madeline Kerstetter

Ira, VT

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