Bemidji Daily Pioneer Newspaper, December 10, 1913, Page 1

VOLUME 11. NO. 192. TASK TO UNSEAT | NONEY TRUSTIS BIG But Deep Study Makes It More And More Evident That It Must Be Done Away With L e MUST LET CAPITAL COMPETE Tavenner Says It Is Despot, And Its Slaves Are The Industrial Trusts T And Railroads b From Congressman C. H. Tavennuer. Yy ‘Washington, December 10—The hold of the Money Trust on the com- merce and life of the nation is so in- tricate, so tenacious and complete, that it seems an almost impossible task to dislodge it. But as the study of this power continues, it be- comes more and more evident that until credit is dispersed from the grip fo a few men of Wall Street, and un- til capital is again allowed to com- pete with itself, there can be no per- menent solution of the trust problem. Let us take a typical transaction in high finance to show how the House of Morgan and its allies can any time it pleages reach out for the millions of deposits of the people, manipulate these huge funds as it pleases, and, without risk to itself, or without the use of a dollar of its own money, at the proper place extract 1l its heavy profit and pass along in the form of watered stock and other per- s 2 manent liabilities a mortagage on the backs of future generations. Let us say an industrial . trust wants to borrod a great sum. In the first place, the trust has been formed [ by the Money Trust. Why? For two reasons. First, for the huge profits of underwriting. Second, that the industrial unit may be so large that when it needs money it can find but one place to get it—from the Money \’ Trust, lesser bankers being unable )\ to finance such loans as a trust de- ' mands. £ €8 Ty dctermines when the imdus. A trial trust needs to borrow?. 4 Moncy Trust, which controls the in- dustrial trust. How borrowed?—Through a bond issue. Who determines the amount of the issue, the commission to be to the agent for underwriting (selling) the bonds, and who designates that agent?—The Money Trust. Whom does the Money Trust designate as agent, after having first fixed the ¥ profit?—Ttself. Only one other party is needed to make the transaction complete—the Y bond buyer, or creditor. And who is i picked out for this important func- tion?—The people. Are they con- sulted?—No, the Money Trust con- trols the people’s savings and com- mercial deposits in insurance com- panies and banks and trust compan- ies. What other function do the peo- ple have?—They pay interest on the bonds bought with their own money, and they pay it on every commodity they use in the increased cost of liv- ing. Yet the Money Trust, telling the A borower when and how much to bor- row, and controlling the reservoirs of capital to finance the loan, chargesto The | a thuge profit for its “risk.” Morgans got $5,100,000 commission for marketing the $170,000,000 bond issue of the Interborough Railway. It § charged $1,680,000 to underwrite the I New Haven Railroad bond issue of | $67,000,000, and in the U. S. flota- tion the Morgan profit was about $150,000,000. The Money Trust is despot, and its slaves are industrial trusts, railroads and all great corporations. It posses- ses the power of life and death over i 4 ite subjects. This it has accomplish- i ed monopolizing credit which the cor- ! (Continued on P-n-ze 8) SCOO GOTTAN CaLL-OoN A GUY HERE AN GET AN’ INTERVIEW ON The ! is the money ! | Spillers .|land was purchased at $25 per acre. Bowling Five Led By Barney Popp Defeat Phoenix Team In Opemng Contest of City League By 8 Pins W. BROWN GETS HIGH AVERAGE In one of the most hotly contested games ever played in Bemidji the Orioles defeated the Phoenix in the first game of the newly organized city league by 86 points, at the Gil- lette alley -ast evening. The first game was won by the Orioles with a lead of 50 pins, but the Phoenix, under the guidance of Captain Erickson came back strong in the second contest and won by 115 counts. But the Orioles were out to win and they went after the third and deciding game with a vim that was surprising piling up a total of 882, winning the game by 151 pins This game also gave the team the first leg on the championship. Both teams bowled strong games and the contest was featured by the playing of Whitney Brown for the losers, who averaved 183 for the three games, and the score of 212 made by Popp in the final contest. The score was as follows: Orioles Cominsky 193 155 179 Armstrong 156 136 143 Brandon 166 157 172 Tepper ’ 168 133 176 Popp, captain 180 151 212 863 732 882 Total 2,477 Phoenix Heffron 144 136 112 Erickson captain 143 175 136 Cords 190 158 156 Brown 202 200 147 Pfeifer 134 178 180 813 847 731 Total 2,391 The next game will be played on will meet the Clippers. Standing of the Teams.. Orioles 1 1 1.000 Bingera 0 0 .000 Clippers [ L0007 Clippers 0 [} .000 0 0 .000 Gophers 0 [1] 000 Phoenix 0 1 .000 DEMONSTRATE CANDY MAKING Miss Helen Hoover of Domestic Sci- ence Class To Lecture Tomorrow Miss Helen Hoover, head of the domestic science department of the Bemidji Public schools, will give a demonstration tomorrow afternoon in the cooking room of the high school building, on Christmas candy making. The demonstration will be accompanied by a lecture and promises to be of much interest to those interested. All mothers of the city are invited to be present. The demonstration will begin at 3 o’clock. After Wife Deserter George Lane, Chief of Police was notified yesterday by Sheriff Riley of Itasca County to instruct his force watch for Roy F. Boyer, who it is claimed deserted his wife at Bovey, It is believed that Boyer is now working in this vicinity and local officials are watching every train for the man. Another Farmer Comes Here A. S. Altman of North Dakota has closed a deal with the Reynolds and Winter firm, whereby he becomes the owner of a tract of 80 acres east of Lake Bemidji. He has already moved his household furniture and farm machinery to the place. The THE CUB REPORTER Monday evening when the Gophers] Minnesota. ! BEMIDJI MINNESOTA WEDNESRAY EVENING, DECEMBER 10, 1913 " /ORIOLES WIN FIRST GAME| *ewuas =0 semax rmax |NANY NEW [AWS Special Attnchom Planned For Opening Indoor Band Concert Alden Remfrey, dlrector” of the]’ Bemidji band, has announced that Al. Newmann will give a reading at the band concert Friday night as a special attraction. a a reputation of being one of the best speakers in the city and this number will undoubtedly draw a large crowd Oscar Nelson will play a trombone solo and a quartette is now being organized. Following the concert a dance will be given to which a small charge will be made. SCRUBS HUMBLE BEMIDG Second Team Men Prove To Strong For Weakened Regulars and Nose Out 14 to 9 Vieteyy ROUGH AND TUMBLE AFFAIR In a game which often resembled football rather than a basket ball match the Athletic Club regulars last evening were humbled by the second string men, the final score being 14 to 9. : Unknown to the officials of the club some hard feeling had been caused among several of the second team, they belleveing that they -had not becn allowed sufficient opportunity to play on the regulars. On the other hand the regulars, " were of the opinion that the game was to be no more than a practice game. The re- sult was a rought and tumble affair, the second team being determined to win and employed methods in 80 doing which was not to their credit. The first team was crippled by not having Bell or Peck in its line up, the former being kept dut of the jgame by an injured hand and the! latter because he wished to play-on the -scrubs. Th»e__ scrubs wer strengnhened by“‘ the utd\iitltm ol Peck, one of the best g_uards ever to ‘have played on a Bemidji floor, Tan- ner of the high school .team and one, of the most reliablg men of that five Bailey, a star of former years in high school athletics and the Ripple boys. Members of the regulars when aware that the game was to be a serap, simply played hard and made no special endeavor to win. Aside from the playing of Peck, who is a regular, Bailey was the only member of the scrubs who showed first team class. This little player is fast, a sure handler of the ball, and a wonder in team work. His playing last night entitles him to consideration by the first team man- agement in the future. Funeral Held Today John McKinnon of Kelliher who died here Monday was buried this afternoon from the Presbyterian church. McKinnon has no relatives and when taken to the hospital last Saturday was in a serious condition from pneumonia and was unable to give any information regarding his former home further than he was born in Canada. R. F. Murphy had charge of the funeral. Attorney Clark Here Attorney Mal D. Clark of the Brainerd law firm of Alderman & Clark, was a Bemidji business vis- itor today, having legal matters to dispose of before Judge C. W. Stan- ton. Mr. Clark was formerly lo- cated in Bemidji, being associated with E. E. McDonald. He is one of the most successful young lawyers of the distriet. \ ! _,"-Def.ective Page é l | l e { | l Scoop Thought the Author’s First Name Wasl)lck Newmann has| "RAB}CA_LA ASSESSMENT CHANGE ' dftance tariff law and the tax classi- “Asuquced. . The.present | -tively dttempts at a full enforcement. - TAKE EFF_ECTSO()_ Culhman ‘Tariff Stntute and Tax Chl- sifications Are Among Measures ‘Which Begin January First Railroad Engines Must Have 1,500 Candle Power Headlight In Future 4 —Label for Mattresses LAWS EFFECTIVE JANUARY 1. Cashman distance tariff law. /‘Locomotive headlight bill, " Uniform warehouse receipts law. ‘ Joint freight rate law. - * Fixing salary of Minneapolis May- or. " Begulation of mattresses. Fixing salaries of Minneapolis al- derman. ! _Bendixen 2-cent fare law. Fixing salaries of town officers More_ than a dozen laws passed by the last Legislature will go into effect New Year’s day. Two of the most i portant measures are the Cashman figation law. " 'Tax Law to Affect Many. The tax classification law pro- ably will affect a greater number of people directly than any other law passed at the session. Although made effective January 1, its practi-' cal working will not begin until the assessments are made next spring and its effect will: not be felt until people begin paying their 1915 taxés a year from next January. The ‘new law is almost revolution- sary in theory,-although 'in effect the changes from the present assessment ates will not,be so great as con- templated when the bill was first in- for the assessment of all propert nt full value, but’'therp "were compara- Four Classes Made, The new law divides property into four classes ‘and provides that iron ore lands, constituting class 1, shall be assessed at 50 per cent of their actual value. Class 2, to be assessed at 25 per cent of full value, includes all household goods and furniture and wear apparel. Class 3 includes live stock, poultry, stocks of mer- chandise, agricultural products, man- ufacturers’ materials and products, all tools and implements, and all un- platted real estate except iron ore property, and Is to be assessed at 33 1-3 per cent of its actual value. Class 4, to be assessed at 40 per cent of its true value, includes city real estate and any other property mot specifically mentioned in the three first classes. ‘ New Schedules January 1. The new rate schedules being made under the Cashman law will go into effect January 1, unless a court in- junction prevents. A number of hearings have been held on the schedules, which will change rail- road rates to practically every sta- tion in the state. The joint freight rate law is intended to supplement the Cashman distance tariff law. The locomotive headlight bill pro- vides that after January 1 every rail- road engine must be equipped with a headlight of at:'least 1,500 candle power, measured without the aid of a reflector. The means, railroad men say, that every locomotive must have an electric arc headlight. An execp- tion is made in the case of switching (Continued on Page 8) INVESTIGATES OFFICIAL Where He Looked Up Record ed this morning from Marble, a vil lage near Grand Rapids in a bad shape. This Year Smaller Than Last— Only 20 Flames Caused Trouble the care of the ranger. the burning of hay and buildings. truction of a $700 building. in Pennington county. Margie on official business. MARGIE CHILD DROWNED Hole Made by Father Mr. Anderson, ‘a"tiercha}t - of the? which ‘his father had cut to water the cattle. His brother immediately |PoOT ......... notified the mother of the accident. The body was recovered by a resident who saw it through the ice ‘about ‘thirty:feet from where he had fallen in. When recovered the child was dead and all efforts to save him were futile. Concert Friday Night Friday evening the Bemidji band will render it’s first indoor band con- cert of the season which the public is cordially. invited to attend. Special numbers are being arranged for and an effort will be made to make it one of the most successful ever held in this city. Although no concerts have' been given for some time past the musicians have not been idle and have practiced twice a week regular since the last open air concert. No admis- sion charge will be made but the gen- tlemen remaining for the dance will be asked to pay a small fee to cover the expenses. Bell Out of Game. Rem Bell will be unable to play basket ball with the Bemidji Ath- letic club basket ball quint for sev-: eral weeks as a result of a sprained hand which he injured in the Be- Bell is an ex- ceptionally fast forward and his abs- materially weaken the midji-Brainerd game. ence will team. By ”I-IO i Inspector . Returns - From Marble Shel‘m Bailey, of this city, return- 1tasca county where he was sent by the state game and fish commission to inves- tigate the record of a warden. While Mr. Bailey this morning said that he had no authority to give out infor- mation concerning his findings, he believed that his 'visit. would: result|gitv Clerk Stein Announces Many n a change of officials at Marble, ty o8, where he found conditions to be in FIRES DURING 1913 FEW Ranger L. F. Johnson Says Losses Forest fires in the district covered by L. F. Johnson, state forest ranger were less plentiful during 1913, than last year only twenty flames neédlng According to-Mr. Johnson, the fires of this year have caused losses of less than $200, these being the result of Last year the loss was much greater, and one firg alone caused the des- No fires of importance have been had in the vicinity of Bemidji, the flames giving the most trouble being Mr. Johnson spent yesterday at Daughter of Merchant Falls Through ‘While playing on the ice at Dinner Creek near Margie with his six year n'lfl'brother”the four year-old-son of;| village' was drowned yesterday after~ 2 noon when he féll through a = hole|Interest ... FORTY CENTS PER MONTE SINKING FUND OF CITy INGOOD SHAPE 000 Cash and Bonds To Extent of $80f000—$26;000 Due In 1915 — STATEMENT TO BE READY SOON In Which County Settlement Money Will Be Disposed of Not in some time has the sinking fund of the ‘City of Bemidji been in such good shape as at the present time. According to the figures .of George Stein, city clerk, the resources of the fund now total approximately $56,000,. $16,000 of this amount be- $175 TOTAL COST THIS SEASON ing in cash and the balance is out- standing bonds, drawing interest for the city. In 1915, $25,000 in bonds will be and it will be in excellent shape to meet the payment. Of this amount $10,000 will be payable for water bonds $7,000 for hall and jail build- ing bonds and the remainder for per- manent improvement. After 1915 no more bonds will be payable by the city until 1928. Mr. Stein is now preparing his quarterly statement and it will be ready to be presented to the couneil soon. The $7,737.48 which was turned over to Mr. Stein by Earle _Geil, county treasurer, as the city’s por- tion of the county tax collection was divided into the following funds: Revolving Fund. feevea....$1,126.72 cevesenee 17392 Paving ..... Sprinkling . Walks o > 238.11 Sanitary Sewers 180.99 Scavinger 263.22 Storm Sewers ...... 195.59 $2,167.65 : ‘Other Funds. Perqlb‘:ent Tmprovemernt .. $1,676.21 General ... i 2,67449 i covn 504.81 Library ... cee. 177,09 ce... 54333 $7,737.48 NO ARRESTS FOR FIVE DAYS Unusual Record For This Time Of Year Being Made Since December fifth not an ar- rest has been made by the Bemidji police force which is an . unusual [record at this time of the year when there are so many men remaining idle about the city. It has also beem noticeable that few intoxicated men have been seen on the streets. Three men have been sent to the poor farm during the past week from the city jail where they were con- fined for several days with delirium tremens. Jim McDonald was prob- ably the worse of the three and is being given medical attention. Pat Murphy is also in bad condition but will probably recover. George Me- Carthy was the last to be sent and is not in a serious condition. HIGH SCHOOL TEAM TO PLAY Will Meet Thief River Falls In That City Friday Night. Friday evening the Bemidji High school basket ball team will journey to Thief River Falls where they will meet the High school quint in a con- test that promises to be one of the hardest fought games to be played ‘|ty either quint this season. An ef- fort is now being made to bring the Bagley five to Bemidji for a game to be played in 'the Athletic Club hall on Saturday evening. | ONE HOUR FOR PRACTICE New B. A. C. Rules Allows lows First i Tgamhomflem_mEight Commencing' Thursday evening the Bemidji Athletic Club Basket ball quint will.only be allowed one hour to practice basket ball so ‘that ‘the other. members of the club will have ample time to exercise. This rule they will have exclusive right 'to the floor for (this hour and will “|not e interfered with by members who want to use the gymnasium paraphernalia. 2 Now Totals $56,000, Including $16;- payable out of the sinking fund,, fr—— 1 i