Bemidji Daily Pioneer Newspaper, January 4, 1916, Page 4

STUDENTS RETURN AT “U”; FIND WORK Minneapolis, Minn., Jan. .4—When the University of Minnesota opened today, students found only hard work in anticipation of the final examina- tions of the first semester, due in three weeks. This hard work was made the more bitter by the turning of Northrop field into a smooth, ideal skating rink during the Christ- mas vacation. " ANNUAL MEETING FOR AID SOCIETY TOMORROW The annual meeting of the Swed- ish Lutheran Ladies’ Aid of Nymore will be held tomorrow afternoon at the home of Mrs. Walstad at three o’clock. REPORT CONFIRMS SIMON RESIGNATION London, Jan. 4.—Premier Asquith this afternoon confirmed the reports that Sir John Simon, secretary of state and home affairs, had resigned from the cabinet. A glance at the want column may help you sell it. GERMANS SEIZE SWEDISH LINER Copenhagen, Jan. 4.—Newspapers here today assert that the Germans have seized the Swedish liner Cey- lon. INTERNATIONAL AND DOMESTIC FINANCIAL REVIEW FOR 1915 (Continued from Page 1) INTERNATIONAL the Germans. Peace Taxes Same. During the year, various British statesmen uttered warnings concern- ing the financial outlook. And the possibility of bankruptcy overtaking Europe has several times been men- tioned in the House of Lords. All the belligerent governments have be- come uneasy about the monetary out- look, but the system of running the war on borrowed money has prevented the people themselves from feeling the financial pinch, except in Great Britain. The British government is Inow raising about five hundred mil- lion per year for war costs by direct taxation, but no other nation has as yet seriously increased its peace taxes. The British tax, large as it is, does no more than meet the interest on “Glad to meet you! Shake!”’ THIS PAPER WANTS YOU AND YOUR FAMILY TO ENJOY HAPPINESS AND Write us your 3 s3> PROSPERITY HERE =z =z z = ideas about im- proving local conditions Keeping & Books i i o can be made a lot simpler and more effective right books and supplies. feature if you have the We wsi[P=n Books and Forms acknowledged the best loose leaf line in the world. We’ll be glad to show you how these up to the minute forms and devices will help your business. BEMIDJI PIONEER OFFICE Phone 31 Bemidji, Minn. BUY A For That 90 cents while they last at PIONEER 1 lot of good typewriter ribbons all colors and for any make machine Phone 31 RIBBON Machine That's Al the above price. OFFIGE the government’s war borrowings. The war has compelled the rapid expenditure of such ‘unprecedented sums of money that it’s difficult to believe the warring governments will continue the strain for another year unless one side or the other sees the possibility of a complete vic- tory. No decisive success for any- body is now in sight. Even if either group of belligerents has the -|power to force the other into bank- ruptcey, it is not probable that power will be applied. The injury which would be done to the most robust of the warring nations would not justify the infliction of a condition of in- solvency upon the enemy. France Recovering. France is leading the other nations in taking preliminary steps to re- cover from the financial blight of the war. The northern area of France now in the enemy’s possession is one of Europe’s most important manufac- turing centers. The factories will have to be rebuilt and new machin- ery must be installed, after peace is declared. A French commission is now in the United States studying American labor saving devices and American methods of production. Fac- tory output in the United States is between two and three times as much per man as it is in Europe. If, af- ter the war, France can adapt her- self to American methods, the French factories will at least double their productivity and France will be able to care for her war debts and grow richer at the same time. If Europe at large is to make a speedy recovery from the war’s distress, the example of France must be ‘followed by all the countries alike. On Europe’s ability to copy American industrial methods therefore, depends the effect of the financial burdens which the war is fastening on the backs of the taxpayers. DOMESTIC (Continued from Page 1) General Motor’s advance from $86 to $540 and U. S. Steel’s rise of 31 points are a few of the high spots in the year’s boom market. Fifteen Stocks Increase. Fifteen stocks, including motor, electric, steel and equipment and in- dustrial securities, appreciated just $570,665,628 in the year. The ag- gregate appreciation of all stocks and bonds on the New York exchange is near $2,000,000,000. U. S. Steel in- creased a hundred and fifty-five mil- lion in value and Bethlehem Steel, about $85,000,000. The steel cor- poration has more than five million shares of common stock issued while Bethlehem Steel has less than 150,- 000 shares outstanding, General Mo- tor’s common increased $75,000,000 in value; General Electric, $36,- 534,000; Anaconda Copper, $69,937,- 500; Studebaker, $36,590,396; Willys Overland, $32,800,000; American Can, $14,960,000, and Crucible Steel, $14,747,000. War Orders High. What the war orders received by these automobile and equipment com- panies total never has been disclosed, but they run into the hundreds of millions. A company whose stock is selling on the New York curb mar- ket, Submarine Boat, received over $125,000,000 of European war or- ders. What the figures are for or- ders placed with Bethlehem Steel, ‘Westinghouse, Crucible Steel and the Steel corporation can only be con- jectured. In proportion to its size and importance the New York curb had one of its best years. War stocks in the outside market gave half a dozen curb traders profit erough to purchase seats on the Big Board— the exchange.. The price of a seat on the Big Board has practically doubled in the last year. ' Early in April the price for a membership on the exchange was $38,000. In De- cember a seat sold for $72,000. Loan Big Event. - One of the most important events in the financial history of 1915 was the great Anglo-French half-billion dollar loan. In the middle of the year a commission of English and French financiers "headed by Lord Reading, Lord Chief Justice of Eng- land, came td this country to raise war funds. A committee of promin- ent American bankers formed, dom- inated by J. P. Morgan & Co., fiscal agents for the Allies in the United States, and affer many conferences the amount and terms of the big war loan were fixed. It was for $500,- 000,000 with interest at five per cent a year, to be sold to the public at 98, which gave almost six per cent of a return.to the investor. After the details were arranged, a syndicate of American bankers was formed which agreed to hold its bonds from the public market for 60 days. On Dec. 15, this syndicate expired and the bonds, having been publicly listed on the New York stock exchange, were publicly traded in. They went as low as 943, but were bought as their low price meant even a higher interest than six per cent. Less than $200,000,000 of the half-billion loan was put on the open market, bankers and bond houses which were members of the syndicate, withdraw- ing over $300,000,000 on the entire issue. Big Expansion in 19186, Financiers who have watched the remarkable course of events in the last year, predict that 1916 will see even greater expansion in both the country. [17_of Mortgages on page 467, and, claimed to be due at the date hereof on account of the indebtedness secured by said mortgage and note evidencing the same- the sum‘of Eighty and 25-100 ceeding at had or-instituted for the foreclosure of said mortgage or to recover the in- debtedness or any part thereof secured by sald mortgage; Now. then, sage will be foreclosed by sale of the following premises situate in the county of Belframi and state of Minnesota, and in said mortgage d mortgaged, Quarter of the Southeast Quarter (SW- of SHI) and the Southeast Quarter o: the Southwest Quarter (SE¥%_ of SW¥%) Sec. 9, Township 147, range 83, at pub- lic ‘auction to the highest cash by the Sheriff of said Beltrami County; or his deputy at the front door of the county court house at the city of Bemidji, sota, on the 2nd day of February, 1916, at 10 o'clock A.' in so far as may be the amount which will. then be due on.said mortgage and || the indebtedness thereby secured, and an attorney's fes lars ($26.00) as stipulated in said mort- sage, premise’s together with the costs and ex- penses (£ this foreclosure. SEAL) MARSHALL A. SPOONER, financial and industrial life of this| GABY DESLYS IN “HER TRIUMPH” AT THE GRAND HARRY PILCER AND GABY DESLYS AT GRAND TONIGHT EXKEKKKKKK KKK KKK KKK * NYMORE NEWS, * ¥ (By Special Correspondent.) & KKK KKKKK KKK KKK KKK Anton Strand returned to his home here Friday afternoon after spend- ing a few days visiting with friends and relatives at Grand Forks. Laurence Larson returned from Baudette Saturday night after spend- ing a couple of days at that place on business. . Oscar Ulrickson left today for Crookston where he will resume his studies at the Crookston Business college there. Oscar ‘Larson left for Blackduck this morning after spending a couple of weeks at his home here. John Reinke left for Crookston to- day where he is attending busi- ness college. Miss Minnie Gunderson returned to Big Falls today after visiting a week with her parents here. L. A. Larson returned to Black- duck this morning after spending a couple of weeks at his home here. Mrs. Norton and family left for Wilton Saturday where they will visit a few days on the Duran farm near that place. The Gist of It. “Last December I had a very se- vere cold and was nearly down sick in bed. I bought two bottles of Cham- berlain’s Cough Remedy and it was only a few days until I was com- pletely restored to health,” writes O. J. Metcalf, Weatherby, Mo. - If you would know the value of this remedy, ask any one who has used it. For sale by all dealers.—Adv. ATTEMPTS TO BLOW DAM AT BRAINERD Brainerd, Minn., Jan. 4.—William Fisher, when arraigned today for at- tempting to blow out the dam across the Mississippi here, waived examina- tion and was bound over to the grand jury. One of these nice days you ought to go to Hakkerup’s and have your picture taken.—Adv. 14tf Pioneer want ads bring results. ADDITIONAL WANT ADS Too Late To Classity FOUND—Horse; owner can have same by proving property and ap- plying at Henry Miller’'s Grocery Store. 2d15 IDA VIRGINIA BROWN Lessons in VOICE CULTURE, ELOCUTION, PIANO Phone 633 1115 Bemidji Ave. NOTICE OF MORTGAGE FORE- CLOSURE SALE. ‘Whereas, default has been made in the terms and conditions of that cer- tain mortgage made, executed and deliv- ered by William D. Hedden and Ella A. Hedden, his wife, as mortgagors, to First National Bank, Bemidji, Minn., a_ banking corporation under the laws of the United States of America, as mortgagee, which mortgage bears date the 8th day of October, 1913, and was duly recorded in the office of the Reg- ister of Deeds in and for Beltrami Coun- ty, Minnesota, on the 27th day of Oc- tober, 1913, at 4 o'clock P. M. in Book ‘Whereas there is now. due and is ($80.25) Dollars, and no action or pro- law or otherwise has been Notice is hereby given that said mort- scribed and thereby e to-wit: The Southwest bldder for Beltrami County, Minne- M. to pay-and satisfy e of Twenty-Five Dol- the taxes, if”any, on said Dated Tecember 21st, 1916. FIRST NATIOANAL BANK OF BEMIDJI, MINN., Mm‘(éagee, By A. G. WEDGE, JR., Vice President. R. H. SCHUMAKER, Cashier. Attorney for Mort, e, “First National Bgfienufldhlg. ; Bemidji, Minnesota. 21-125 ~_BEMIDIJI BUSINESS DIRECTOR CLASSIFIED ALPHABETICALLY ABSTRACTS OF TITLE DRY CLEANING The MUSICAL INSTRUMENTS Wholesale and Retail = Planos, Organs and Sewing Machines. E 117 Third St. Bemidji. Phone 573-W J. BISIAR, Manager. SATHRE Clothes Cleaners For Men, Women and Children R & . PENCIL SHARPENERS Sold in Bemidji At your favorite store “The Boston” for PIONEER WANT ADS BRING RESULTS Best nickle pencll on earth. $1.00 Lasts a life time. ASK THE MAN Phone 31. E GENERAL MERCHANDISE Groceries, Dry Goods, Shoes, Flour, Feed, etc. The careful buyers SUPPLIES FOR OFFICE Typewriter ribbons, carbon paper, typewriter paper, clips, paper fasteners, punches, eyelets._ ete., ete. BROSVIK, THE TAILOR Phone 938 buy-hers. Get quantity psices W. G. SCHROEDER PIONEER OFFICE STORE Bemidji Phone 66. Phone 31 Security Bank Bldg. BAKERS AND CONFECTIONERS KOORS BROTHERS CO. Manufacturers and Jobbers Ice Cream, Bakery Goods, Confec- tionery, Cigars and Foun- tain Goods ‘315 Minn. Ave. N. W. Phone 125 PIONEER OFFICE SUPPLY STORE PHOTOGRAPHER Photos Day and Night N. L. HAKKERUP Everything for the Office and School Security Bank Bullding Phone 31 KEMP’S DRY CLEANING HOUSE GROCER FANCY AND STAPLE GROCERIES Holstead Coffee Beachnut Brand of Jams and Jellies Fresh Onions and Rhubarb CASE’S CASH STORE DRUGS AND JEWELRY Save systematically. Make use of Wholesalers and, Retallers. our Savings Department. We wel- | Service and satisfaction. Mail come your open account. : : : : Orders given that same service you get in person. BARKER'S Third St. - Bemidji, Minn. LOOK! LISTEN! If you have a piece of property or auto or most anything of value to exchange, see Clothes Cleaned and Pressed. We Call for and Deliver Promptly. LONGBALLA & LEIGHTON BANKING AND SAVINGS LUMBER, COAL AND WO0OD Any quantity you want. Building material of all kinds. SECURITY STATE BANK Bemidji, Minn. ST. HILAIRE RETAIL LBR. CO. Phone 100 - Bemidji You'll Need Blank Books with which to start the New Year, and you will find our supply will give you a splendid assortment from which to choose. Diaries, Vest Pocket Note Books, Coat Pocket Note Books, leather and cloth bound from 10c to $1.50. I. P. Loose Leaf Pocket Note Books, Cash Ledger, Jour- naland record ruled. There's a great demand for new blank books at the beginning of every year and 1916 promises to be the biggest ever. Bemidji merchants are anxious to keep up-to-the-minute accounts and many are making plans to revise their bookkeeping systems during 1916. LET US HELP YOU COLUMNAR BLANK BOOKS We have them from 4 to 24 columns. When you use one of these it will enable you to keep your various depart- ments separate and strike a tx;ial balance in a few min- utes. LEDGERS Single and Double Entry and Loose Leaf. All sizes and all prices. JOURNALS 2, 3, 4 and 6 column Journals, all sizes and all prices. ASK TO SEE ONE One Cent Each. Grocers, Meat Markets and general merchan- dise account books for family accounts for- sale at one cent each. lways led in the blank book business in North Central If we haven't what you want we can get it for You on short notice. The Pioneer Publishing Company Security Bank Bldg., ‘Bemidji, Minn. The Pioneer has alwa Minnesota. Phone 31. | | = 8