Bemidji Daily Pioneer Newspaper, July 8, 1912, Page 1

THE BEMID i~ MINNESOTA ‘\ I DAILY PIONEER: VOLUME 10. NUMBER 60. TRADE FAILURES SHOW DECREASE Dun's Report for First Six Months of 1912 Indicates Better Business Conditions, INCREASE IN (ROSS TOTALS But Analysis Shows That the Aver- age Loss is Less Than Either 1911 or in 1910. MINNESOTA RECORD IS GOOD Table Indicates Liabilities for Per- iod Cut in Half Amount of Last Year. An examination of the statistics of commercial failures reported to R. G. Dun & Co., during the first six months of the year ending June 30, reveals an increase in both the num- ber of defaults and in amount of lia- bilities over the corresponding period in 1911. The record shows 8,317 defaults in 1912, with total liabilities of $108,012,223, against 7,000 de- faults in the first six months of 1911, with liabilities of $103,695,034. It is noticable, however, that the increase in number of defaults is greater relatively than the increase in amount of liabilities, the former gaining nearly eighteen per cent, and the latter only a trifle over three per cent. It follows, therefore, that the average liabilities per failure was considerably less in the past six months than in the corresponding period of 1911, so that the character- istic feature of the period under re- view was that of an increase in num- ber of small defaults. Manufacturing failures numbered 1,928 against 1,793 a year ago; trad- ing failures 6,070, against 5,037, and agents and brokers 319 compared with 231. As to total liabilities there was a small decrease in the manufacturing class, $45,114,121 against $45,561,412; a small increase in the trading class, the liabilities be- ing $49,205,601 against $48,195,608, while among agents and brokers the liabilities were $13,362,501 against $9,938,014. Failure statistics for the half year are compared below for a series of vears: 1912 ...$89,643,271 $108,012.223 1911 65,997,792 103,695,034 1910 76,328,611 112,239,306 1909 63,146,097 88,641,373 190§ 78,762,588 124,374,833 1907 42,153,278 69,568,662 1906 32,802,020 62,664,074 1905 32,262,157 55,904,585 1904 46,764,276 79,490,909 1903 35,957,750 66,797,260 1902 31,048,808 60,374,856 1901 27,635,046 55,804,690 1900 43,426,559 74,747,452 ‘While there was an increase in the total of liabilities during the past six months, it is significant that the record for the month of June shows the smallest total of liabilities of any month of the year, and there has been a progressive improvement in the failure exhibit during the past five months. An analysis of the above figures also showed that the average loss per failure in 1912 was about $2,300. In 1911, the average was about $5,200. was approximately $6,000. though the present year has seen more failures, the total loss was about half that of the same period in 1911; Another feature of the six months’ failure exhibit is the fact that the increase in the number of failures was maiuly in the East, the Sonth and in the Pacific Coast states; the Central and Western sections report a decrease. As to liabilities there was a reduced total in five of the eight territorial country, and it was only in the New England, the Middle and the Middle Southern states that increases occur- red. As a matter of fact, while there was a gain of over twenty-four per cent in the liabilities in the New England and Middle states, this be- ing the eastern section in which in- vestment interests predominate, there was a notable decrease of over fourteen per cent in the amount of liabilities in the rest of the country, particularly in the Central states. It is noticeable also that the increase in the six months’ total of liabilities was mostly in the brokerage class. Minnesota Record Good. Thus sal- In 1910, the average; divisions of the| JOHN W. KERN. of defaults being 194, with liabilities of $7,379,645, comparing with 741 defaults in 1911 with liabilities of $9,957,738. The decreased liabilities however, were chiefly in the state of Minnesota, whose showing was $1,5612,035, as against $3,815,276. Missouri also recorded a decrease, and likewiss Kansas, but there werz small increases in Iowa, North and South Nebraska and Nebraska. The manufacturing liabilities in the Central Western states amounted to $1,947,603; the trading to $4,599,- 387, and the other liabilities to $832,- 655. Number. 1912 1912 Minnesota . .......... 150 180 Iowa . 118 Missouri . 218 North Dakota ...... . 39 42 South Dakota ...... 18 Nebraska . ooy 87 72 Kansas . ... ....108 167 Total . .o R 741 Liabilities. Minnesota . $1,512,035 $3,815,276 Tow a. .... 1,354,437 1,251,022 Missouri . ..2,175,866 2,945,589 North Dakota 486,006 320,641 South Dakota 353,802 165,172 Nebraska 628,866 503,975 Kansas . 868,633 974,158 $9,975,733 Total .$7,279,645 How He Treated Her. A certain osteopath was treating a young woman who had very weak ankles and wrists. As she lived in a town quite a distance from his own city, he was forced to leave the city Saturday of each week and go to the town in which the young womean Ilived, give her the treatment Sunday, and return to the office Monday. A friend once asked the osteopath how he had arranged to give the young woman the treatment for her ankles and wrists when she lived at such a distance, and the osteopath replied: “Oh, I go out and treat her week ends.”—Lippincott's Magazine. Thunder, Perhaps. A childless couple, having concluded the house was too quiet, bethought them of adopting a child. So they proceeded to a nice respectable orphan asylum to see what there was In stock. “We want a boy to raise,” the husband sald to the superintendent when that gentleman appeared. “To raise what?” he inquired, with a pe- culiar gleam in his eyes, as a terrific racket resounded through the upper halls. The husband and wife looked at each other for a moment. “I guess we don’t want a boy today,” remarked the lady, and they said “good-bye” has- tly. Bermuda Industry Threatened. It 18 not unlikely that the Bermudan Industry of growing Easter lilies for the countries of the world will be se- riously affected by the introduction of the Philippine lily, which has a number of advantages over the Ber- mudan plant. The plants develop in one-third less time and grow more blooms on a plant and are much har | dier in many respects. They will also | bloom repeatedly for several seasons. | They can be grown with some success on the Pacific coast and have not yet shown symptoms of the diseases which the Bermuda lily is subject to. Too Many in the Party, A certain knight of Spain, as high (n birth as a Kirfg, as Catholic as the pope, and equal to Job in poverty, arriving one night at an inn fin France, knocked a long time at the gate till he had alarmed the land: lord. “Who is there?” said the host, looking out of the window. “Don Juan Pedro,” replied the Spaniard; “Hernandez, Rodriguez de Villanova, Count of Malafra, Knight Santiaga and Alcantara.” “I am very sorry," replied the landlord, shutting the window, “but I have mnot rooms enough in my house for all the gen tlemen you have mentioned.—Life. The Unsought Thought. The thoughts that come often um: sought, and, as it were, drop into the mind, are commonly the most valuable of any we have, and therefore should The Central Western states also made a favorable record, the number be secured, because they seldom re asala—Locke. 1 “DRYS” TO NOMINATE Prohibition Party’s National Conven- tion Scheduled for Atlantic City This Week. MINNESOTA MAN A LEADER Atlantic City, N. J., July 8.—Pro- hibitionists are beginning to arrive for their national convention, which is to meet on the Steel Pier during the last three days of this week for the nomination of candidates for president and vice-president and the adoption of a party platform. To- day the national committee met at the Hotel Chalfonte to complete the final details_of the convention ar- rangements. The convention will be called to order at 10 o’clock Wednesday morn- ing by Charles R. Jones. chairman of the national committee. The conven- tion will be attended by 1484 dele- gates and an equal number of alter- nates. Owing to the popularity of Atlantic City as a summer resort, the attendance of visitors and onlookers is expected to be larger than at any of the previous national conventions of the Prohibition party. With the arrival of the delegates in town the discussion has opened in jregards to the probable choice for the head of the national ticket. Those whose names are most frequently heard in connection with the presi- dential nomination are Francis E. Baldwin of New York, Col. Andrew J. Houston of Texas, Madison F. Lar- kin of Pennsylvania and Dr. Aaron S. Watkins of Ohio. Eugene W. Chafin, who was the standard bearer four years ago, is also mentioned Mr. Chafin lived in Illinois at the time of his nomination in 1908, but has since removed to Arizona. The selection of a vice-presiden- tial nominee will depend largely up- on what section of the country the presidential choice comes from. W. G. Calderwood of Minnesota is said to be slated for the chairmanship of the national committee to succeed Charles R. Jones of Illinois, who is retiring from the post after a service of ten years. Mr. Calterwood is be- lieved to be entitled to the honor in view of the fact that the Prohibition votes in Minnesota has increased ten- fold since he became head of the BEMIDJI, MINNESOTA, MONDAY EVENING, JULY 8, 1912 TEN CENTS PER WEEK. (Copyright) SENT TO FERGUS FALLS. Carl Hanson was taken tp the in- sane hospital at Fergus Falls yester- day. He became violent while con- fined in the county jail and in the course of his ravings, butted his head against the steel bars of his cell. The blow cut a long gash in the scalp and some ten or fifteen stitches were tak- en to draw the edges of the cut to- gether. St, Paul Musician Dies. St. Paul, July 8.—John Rentz. for the past twenty years organist at the Assumption church, died-at his home here Sunday night of Bright’s dis- ease, - - -— - . Not So Much. Gerald—“A goat glves about a quart of milk a day” “Geraldine—“Then you don't get very much when you, as you say, get a man’s goat.” Weighing the Rainfall. ‘The weight of one inch of rainfall state committee eight years ago. on an acre of land exceeds one hun. dred tons. KILLED BY LIGHTNING. Michael Dwyer was struck by lightning and instantly killed at Redby during the storm late yester- day afternoon. Mr. Dwyer was ly- ing down at the side of his barn to escape the rain and was struck and killed at 7 p. m. He was living alone as his wife and boy left for Idaho a week ago. Mr. Dwyer was a conductor on the Red Lake line about two years ago and was, well known to patrons of that line. The body was brought to Bemidji this morning by Coroner Ibertson. SHOT WITH SMALL RIFLE. ~Henry -Austin, of Northome,-was shot with a .22 bullet and severely injured near Northome Friday. The rifie was in the hands of a small boy. Austin was brought to Bemidji and taken to the St. Anthony hospital where an operation revealed that the intestines had been perforated in four places. Austin is said to be in a serious condition and his chances for recovery are considered doubt- ful. Snapshots of Well Known Individuals Who Were Seen at the Democratic National Convention. Photos copyright, 1912, by American Press Association. The man with the camera was busy during the Democratic national convention In Baltimore. No matter which way he turned, he encountered persons of importance in politics or some other walk of life. are (1) Congressman Matthew R. Denver of Ohfo, (2) Senator Atlee Pomerene of Olo, (3) W. G. McAdoo, who con- structed the tunnels under the Hudson river connecting New: York and Jersey City; (4) Willard Saulsbury, national committeeman from Delaware, and (5) Joseph E. Davies, national committeeman from Wisconsin. z e e a———— Those shown above e SO ~|Maise, residing CLAIM SO0 CHAMPIONSHIP Clearbrook Team Bases Contention on Defeats of Gonvick, Trail, Weme and Gully. WON A CLOSE GAME SUNDAY Clearbrook, July 8—That the Clearbrook baseball team is the un- disputed champion on the “Soo” can no longer“be -denied after the last two ‘games with Gonvick on the 4t's of July, and Trail yesterday, both won with big honors. The game at Trail, won by a score of 7 to 2, was the best game put up this season by the Clearbrook boys, as Trail has a game team. In five innings it was a shut out on either side, but in the first half of the sixth the fireworks began, and Clearbrook scored four times, and three times in the eightk. Traii scored twice in the eighth on an error, otherwise it would have been a clean shut out. John Koxvold and John Melquist threw gilt edge ball for Clearbrook, while Edwin Koxvold stopped the hot. ones with ease. Peter Larson was on the firing line for Trail with Quar- ness behind the bat, Larson did fine work but the boys from Clearbrook were his masters with the stick. This gives Clearbrook two out of three games with Trail, and two of two games with Gonvick, besides shutting out Gully, and defeating Weme. For a new town and considering its size Clearbrook has the fastest set of players in Northern Minnesota. Notify Wilson August 7. Seagirst, N. J., July 8.—At 2 p. m. on Wednesday, August 7, Governor Woodrow Wilson will be formally no- tified of his nomination by the Demo- cratic party for the presidency of the United States. The notification will take place on the lawn of the gov- ernor’s home. The governor’s reply will sound (he koynote of the cam- paign. Governor Wilson is 10,000 letters and telegrams behind in his correspondence. Michigan Woods Burning. Sault Ste. Marie, July 8.—The for- est fires in the vicinity of Shell Drake, which were thought under control have broken out afresh and a vast area of timber land is burning. At the last report, the flames were within a mile and a half of this vil- lage. Killed Under Manure Spreader. Grand Forks, July 8.—Herbert near Lyleton, was killed under a manuure spreader Sat- urday when his horses took fright during a storm.- Death was instan- taneous. McCumber Defends Lorimer. Washington, July 8.—Senator Mc- Cumber, of North Dakota, in a speech in the senate Saturday defended Sen- ator Lorimer, of Illinois, from what he termed a case surrounded by prej- udice. -~ ; S B CALL OF THE THIRD PARTY IS ISSUED Convention to Be Held in Chicago August 5 for Organization and Nominations, “THOU SHALT NOT STEAL” Commandment Delivered at Sinai Be- lieved to Apply to Politics as Well as Business, |NUMBER OF DELEGATES cUT Progressives Will Name One for Each State Elector, Territories Not to Be Represented. New York, July 8.—A call to the pebple of the United States who are in sympathy with the “national Pro- gressive movement” to send dele- gates to a national convention to-op- en in Chicago August 5, was given out Sunday afternoon by United States Senator Joseph H. Dixon of Montana, Theodore Roosevelt’s cam- paign manager. The call is signed by members of the committee chosen at a meeting held in Chicago and al- 50 bore the signatures of the Roose- velt followers of forty states. Text of Call. The text of call is: “To the people of the United States, without regard to past differences, who through re- peated betrayals realize today the power of the crooked political bosses and of the privileged classes behind them are so strong in the two party organizations no helpful movement in the real interests of our country can come out of either. “Who believe that the time has come for a nation wide movement on non-sectional lines, so people may be served in sincerity and truth by an organipation unfettered by the ob- ligation to the conflicting interests. Rule of People. “Who believe in the right and ca- pacity of the people to rule them- selves and effectively control all the agencies of their government and who hold that only through the social and industrial justice thus secured can honest property find permanent Dprotection. “Who believe the government by a few tends to become, and has become, a government by sordid influences under control of the few. Honest Legislation. “Who believe only through thes movement proposed can we obtain in the nation and the several states leg- islation demanded by the modern in- dustrial evolution; legislation whicia shall favor nonest business and yet control the great agencies of modern business so as to insure being used in the interest of the whole people; legislation which shall promote pros- perity and at the same time secure better and more equitable diffusion of prosperity; legislation which shall promote the economic well being of the honest farmer, wage worker, pro- fessional men and business man alike, which shall at the same time strike for efficiency and not pretend to strike at the roots of privilege in the world of industry no less than in the world of politics. - “Who believe only this type of wise industrial evolution will avert industrial revolution. “Thou Shalt Not Steal.” “Who - believe wholesome party government can come only if there is Wholesome party management in the Spirit to serve the whole country and Who hold that the commandment de- livered at Sinai—Thou Shalt Not Steal’—applies to politics as well as to business. “To all in accord with these views a call is hereby issued by the pro- visional committee under the resolu- tions of the mass meeting held in Chicago, June 22, last; to send from each state a number of delegates Whose votes shall count for as many votes as the state shall have, senators and representatives: in congress to 5th day of August, 1912, for the purpose of nominating candidates to be supported for positions of presi- dent-and vice-president of the United States.” Judge M. D. Purdy, of Minneapo- 1is, signed the call for Minnesota. meet in convention at Chicago on the -