Bemidji Daily Pioneer Newspaper, July 22, 1922, Page 1

Of Muidipal Bonds at Prewnt Leveb : ansv:s DECLINE IN 'INTEREST IS PERMANENT General B_usineg.. ‘Now Stands 13 Per Cent Below Nérmal Improves 4 liér Cent Wellesley Hllll Mass., July 22— While discussing the opportumtks in the present bond market, Roger W. Babson, the statistician, today made the following statement regarding the future of municipal issues.. “The past few. years,” says. Mr. Babson, “have been hard for cities and towns desiring to borrow money. During the war an unwritten ban was placed on municipal borrowing -and unnecessary public building, Di- rectly aftéer the war money was scarce and the rates were high. It has only been within the last few months that cities and towns have been able fo secure what mpney they have desired at .a fair rate. Municipal fathers, contractors and investors are now wondering wheth- er the present decline in rates is temporary or will extend over sev- eral years. : “Study of the situation leads me to believe that the present decline in_interest rates will continue and that cities and towns will - be able to to borrow freely during the next few years. It even looks as if the city fathers will soon be solicited by bond houses for issues to sell. Up to the present time city officials have been obliged to hunt..up banks to buy their securities. The time will soon come when' the bankers will be sending buyers throughout the coun- try to hunt up bond .issues_ thnt they can sell. The next’ few years will .see a *seramble. -for-ibohds' on the than any previous scnmble for mon- ey on the patt of cities and towns. The law of business cycles still op- erate. As we have had years of ad- vancing interest rlte» we will have years of declining interest rates. Moreover, these cycles cannot be sus- pended or changed any more than we can change or suspend the tides of the ocean. “In addition to the:law of ‘bus- iness cycles, the tax sltuatlon is very much in favor of municipal borrow- mg ' Before the days. of income taxes and sur taxes, bonds of our best cities sold on a 3% per cent basis, and even better. Now, when wealthy men are obliged to pay sur taxes of from 30 to 50 per cent these tdx exempt bonds of cities and towns should be in great demand. Some of my jassociates even state that many of these bonds may . go up until they are on a 2% per cent basis, or less. . Of course this also applies to the government bonds, al- tho the government bonds are rather short time and therefore not so_at- tractive to the investor. : Cities and towns wnll temporarily .be greatly amendment to the Constitution mak- ing all bonds taxable., If such a * legislation is attempted, there nat- urnlly will be a lot.of tax exempt| bonds put on the market just pre- ceeding’ such legislation. : Somfe feel that such a flood of securities would depress the price, but others believe that if they are to. be the last of | the tax exempt sécurities, the mar- % ket will absorb easily all they offer. ? Whichever is the case, cities and towns will have no difficulty in dis- posing of their securities during the mext few yeans, and the interest (Continued on Page 8.) TEMPORARY SEPARATION 00D FOR THE WEDDED By United Press) Denver, Colo., July' 22—Tempor- ary separation of wives and husbands is the secret of wedded happiness. . That's the:theory of-Ralph Waldo Trine, psychologist, ‘who. délivered lectures heré-on'long:life, prosperity and joy. / By temporary $éparation; the sub- conscious mind of husband and wife gets a chance for a rest, Trine points out. During this vacation, the: sub- conscious part of us goes into the silences and thereby gains the full- est opportunity for self-expansion. , - Considering that the sub-conscious mind is on the.job 24 hours every day of our lives, Trine ' says, the rest is fully appreciated and proves most beneficial because that part of us is the greatest of all spiritual influences and as such should “be cultivated as a rare and invaluable species of psychological growth. i ap the tent whi part of the déalers YaF greater than |b benefitéd in their borrowing by any |- Franks Will Speak 1, i§ to house the five-day chautauqua ‘program which began here: this afternoon at.8 o' clock.. The spacious tent is located just north of the post office building. on Beltrami avenue, the space it oc- cupied, last_season. The .afternoon program today con- sisted of a concert by the Hipple' Concert Compgny, - This same jor- ganization will open the program this evening and will be followed by an address by Hon. . Edward - Taylor ‘Franks on ‘National Development Through Vocational Education.” This concert company comes here highly recommended and offers a varied program of musical numbers. - This number is taking the place originally booked for the Mercedes Male, Quar- tette. Mr. Franks is a vocational train- ing expert and a working member of the federal board. He knows. his subject thoroughly and will have a message worthwhile, The Joymakers Male Quartet will furnish the afternoon program Sun- day and will also open the Sunday evening program. Alex Miller will give an -address. at '8:50 ‘on -“The ‘Other - Side of Main Street.” Junior Town will be in full swing at 9 o’clock Monday morning. The [program for Monday afternoon will be.given by the Tull Players, feat- [uring Fern Casford in musical and dramatic gems. Sunday evening at 8 o’clock, the Tull players will pre- sent “A Pair of Sixes.” flPPOR'lUN['l'Y T0 SECURE MOOSE FOR LOCAL PARK An exceptional . opportunity as been offered Bemidji to secure a bull moose and calf moose for the zoological gardens at Diamond Point park. It" has been suggested that the Loyal Order of Moose ‘and the city park board get together onthis pro;ect and share the expense of [ getting this pair of animals here. Moose or deer connot be -sold at any- tlme ey can be secured by paying expenses and trouble. Such is the arrangement under which two moose can be secured for the local park. Game Warden John Cline states that thése moose can be brought here in a very few days notice, if a suit- able arrangement can be made for financing the project. He is partic- ularly nn;:lons that Bemidji secure these moose, since.. the big game moose are practically all gone. At the present .time the Bemidji park has only one buck deer and it is the desire of those interested that other wild' game be added to the park. These animals would adver- tise .Bemidji considerxbly among the tourists and it is expected, that many 'would drive as far as 100 miles in order.to see these moose. It is quite likely that some arrangemeént will be made. soon to secure these animals, Séveral of the Moose membars have already been approached on this questmn. RADIUM I.I'SS lN PRICE AT $120 A MILLIGRAM Washington, July 22 (Capitol News Service) —Radium, wonder element, used extensively in the treatment of cancer and in the laboratory of the physicist; has decreased in price from 156 to 20 per cent, acording to ap-. | nouncements of the principal com- pany extracting . the rare mineral from the ore. | About 250 tons of ore are required to yield ‘a single gra mof radium. The ore is mined in Colorado and must be shipped across the country to New Jersey for the extraction process. Hence the cost of a gram L of radium is a product of the cost Lof the ore, plus the transportation | of 260 toms of mineral earth, plus the procesis of extraction of the rad- b Wlth the substance increasing in, fvalie to umanity every day it is used, physicians and other interested in its emp]oyments are wondering why it is not pom’ble to erect and extraction plant in Colorado in order to avoid the need for the long haul of thousands of tons of earth across the country. The entire produet of radium for the year could be carried comfortably in a man’s pocket; why spend the money for coal and hand- ling of the earth which carries f.he radium; why not extract it at mine mouth and - transport the im- ished product. 'HARLEY--DAVIDSON TEAM TO PLAY WILTON SUNDAY| .. The Harley-Davidson baseball team of this city will play the Wilton base- Ball team Sunday afternoon at 12:30. The Wilton team will then play Leon- ard at 3 o’clock. Both games will be played at Wilton. ~even ‘offeredfor-gate" i g Eurly this mqrrl:m wotkmen put| - e e e Fop i E 2 —_— LY PIONEER Entertained Here INFORMAL SMOKER AT ASSOCIATION ROOMS Ofip‘oflui:ity Offered’ Business Men ‘and Others to Meet Farm Party Tonight After spending the day at Itasca State’ Park were they planned to see the forestry experiments con- ducted by the forestry division of the agricultural department of the Univesity of Minnesota under the direction of Prof. E. G. Cheney, the automobile party of the: University of Minnesota agriculture department faculty, regents and farm paper ed- itors will return to Bemidji late this afternoon and will be entertained at the rooms of the Civic and Commerce association at a informal smoker this evening. The smoker will pegin at 8 o’clock and will be an excellent opportunity for Bemidji business men and others to become acquainted with the farm tourist party. A number of informal talks will be made by members of the party, practically all of whom are consid- ered very able speakers. It is es- pecially urged that all members of the Civic'and Commerce association and other interested parties-attend this Smoker and show the visitors that they are welcome here. The party spent last night in Bemidji, coming here from Mahnomen, and continuing on.to the state park this morning. Included in the party are 14 de- partment heads of the University of Mirninesota, a number of the members of the board of regents and editors -2nd ‘publishers of various farm pub- lications. In this number are W. C. Coffee, dean of the Unwemlty De- partment’ of Agriculture; A.. V. Storm, H. A."Norris, W. L. Foley, W. H. Peters and E. E. Ferriss, all of St. Paul; T. A. Leadly, editor of the Nebraska Farmer, Lincoln, Neb.; A. C. Smith, C. P, Fitch, F. E. Bal- mer, St. Paul; J. E. Fnst of Ithaca, N Y.; Mrs. Harry L. Bigelow, Minn- eapohs, Mabel Sensor of Aberdeen, S. D!; William Boss of St. Paul; A. G. Glober, editor of Hoard’s Dan‘y- man, Fort Atkinson, Wisc.; D. S. Oweén, C. P. Bull, N. J. Holmberg and C. H. Eckles of St. Paul; Samuel 0.Rice, editor of Capper’s Farmer, Topeka, Kansas; W. E. Morris of St. Paul; P| E. Miller of Monis; 7 ..€Continued on Page 8.) KNIGHTS OF COLUMBUS PLAN PICNIC IN AUGUST The - entertainment committee of the Knights of Columbus council is working on plans for their annual picnic and has about completed ar- rangements to hold it this year in the fore: part of August. All details for this affair have not been worked out but an announ- cement will be made very soon. bl given in a new BEMIDJ!, MlNN., SATURDAY EVENING, JULY 22, 1922 fiinnesou: a Sunday; cooler M portion tonight. EXP Average 'costs Qi upkeep orf the Minnesota trunk’ aighways—the so- cilled Babcock rodd marked with official numbers—ye)luw stars—as te highway de- partment bulletin, aré $520 a mile on graveled sections, $128 on pavement and $181 on unsurfaced mileages,; tne last” figure ‘rated being about the limit that ¢an be used to advantage on that type, +Charles M. Babeock, state highway commissioner, commenting on up- keep costs during’ the first year un- der the new program, said: “Only about 80 miles of paving' is being paid for with state highway funas this year, the remainder being financed with reimbursement money which must be used in the counties issuing the bonds. The upkecep ex- perience proves that paving is nec- essary on several routes now being maintained at excessive cost and will noti only best serve thousands of highway users but will reiease funds for other needed ‘improvements. on the trunk system.. Te figures show that when a nighway carries more than 1,000 vehicles daily the cost of maintaining a gravel surface is greater than that of paving, interest and all other charges included.’ MRS. ANNA HEDGLIN LAID TO REST. IN GREENWOOD Mrs. Anna Hedglin of Alaska town- ship was lawu to Test in Greenwood cemetery this forenoon following ser- vices at the ilbertson \mdenakmg parlors at 1 o’clock. The services were conducted by Dr. G. H. Zentz, pastor of the Methodist curc. Mr. Hedglin passed away July 19 at the age of 46 years, 8 months and 19 days., Miss Anna Maude West was born October 30, 1875 in Guernscy county, Ohio. She was married to S. O. Long in 1893. Born to this union were seven children, three boys and four girls. One girl and one boy preceeded the mother in death. . 0, Long died in. July, 1905. Mrs. S. O. Long was married -to Edward Hedglin in 1906. Born to this union were six children, four boys and two girls.. The deceased leaves her mother, residing at Colum- bus, Ohio; one brother, James West residing at Cambridge, Oio; one sis- ter at Columbus; and 11 clldren, to unite with her many friends in mourn- ing her-death.: i ANNUAL MOOSE BAZAAR T0 OPEN THIS EVENING At a meeting in Duluth last winter representatives of the Moose lodges of Minnesota recommended that sev- eral lodges arrange for the rental of a merry-go-round and outfit of booths for a local bazaar in_ each city to raise funds to erect a Minn- esota state building at Mooseheart, Ill., where. over 1000 orphaned Moose children are being educated. This outfit has been aranged for by the Bemidji Moose lodge for all of next week and is already on the grounds west of the Rex theatre, in charge of W. A, Kclly of Minneapolis. The Moose bazaar will begin to- night and about 7 o’clock two free | trips on .the merry-go-round will be given and those kiddies who are for- tunate enough to be there at that time will be given a free ride. This outfit is the same one which the Moose lodge used so successfully last year but now it has more booths and there are new designs in-dolls, blankets, chinese baskets, ete. The outfit has just arrived from success- ful rung at Proctor and Virginia. “|of these. men. »«",s"f ko SEUORTYIS BIG OBSTAC] - i Sinister Influences ;- Sowing Seeds of Discord, Head of Rail Union Declares RAILROAD EXECUTIVES BELIEVE THEY CAN WIN Company Managers Confident They Will Soon Be Able to Operate Full Force KU KI.UX KI.AN ISSUE IN TEXAS PRIMARIES| If No Candidate 'Receives Majority, Fight Will Be Settled August 5 (By United Press) Dallas, Texas, July 22—Bereft of the generation-old cause of political battle—prohibition—Texas is taking its stimulants from the Ku Klux Klan and anti-Klan bottle with a farm la- bor coalition chaser. , The issue will be partly settled at today’s first 1922 Democratic pri- mary. The lines have been closely drawn_on the issue in the senatorial campaign, where six candidates are in. the ficld. The two candidates receiving the highest number of votes will enter the run-off primary, two weeks hence, unless the unexpected happens, and one candidate records a majority of votes. As the senator- ial race is about evenly divided, be- (By United Press) I\.twcen pro-Klan and anti-Klan, the ‘Washington, July 22—The great! est obstacle in the path of an carly settlement of a nation-wide strike is the question of restoring seniority rights to the strikers,” Ben W. Hoop- er, chairman of the labor board said today.. Hooper, . summoned here from .Chicago by Harding who de- sired to complete information on the shopmen’s dispute before taking steps which he hoped would bring a settlement, gave the president a complete resume of the recent un- successful efforts of the labor board to terminate the strike. (By United Press) | Cleveland, Ohio, July 22—Sinister influences, sceking the overthrow of the United States government, are sowing seeds of discord in the big railroad brotherhoods and other rail unions; Daniel B. Robertson pres- ident of the Brotherhood of Loco- motive Firemen and Engineers, de- clared here today. Robertson urged that ‘“‘members be ‘extremely careful not to be de- ceived by the emissaries or secret con- fidents whosé real object lies beyond the accomplishment of the destruction of this union.” “These hidden powers have come to the surface openly and brazenly since the strike of shopmen began,” Rob- ertson told the United Press. “They have taken advantage of this period to’prey upon the minds Men under present conditions of strife and idleness at ‘many times are irresponsible”. Rob- ertson then exhibited: ‘“Railroad workers—You must unite and strike your cnemies.” It was directed specifically to the (Continued on Page 8) REV. GRAMBO WILL PREACH TWO FAREWELLS TOMORROW Rev. O. P. Grambo, who for the past several yecars has had {five charges in this vicinity, including the Lutheran Free church of Nymore, will preach two farewell sermons to morrow, in the forenoon at Malvick and in the afternoon at Laporte. A week from Sunday he will bid fare- well to the congregations at Aardahl in the forenoon and at Trinity in the afternoon. He relinquished charge of the Nymore Lutheran Free curch some time ago to Rev. Mort- enson, assistant for the summer, Rev. E. Bertcnson of Minneapolis is to have charge of the five congr tions. Rev. Grambo and iamlly ex- pect to leave in the necar future for North Dakota, Mr. Grambo’s former home. 59‘(,;}‘4%1»1@ me@ 'omnen IS ON 'rne TABLE Tt El(a poop!! Morning News. {ter poorly. second primary will dountless find this question the sole battle-cry. In the gubernatorial race, where the names will appear on the ballot, the Klan does not seem to be so important a factor. Governor Neff is out for re-election and seldom, if ever, has a candidate for the gover- norship for a second term received serious opposition and never has one been defeated under the primary law. Harry T. Warner, Paris, newspa- perman and avowed opponent of the Klan, has conducted a strenuous cam- paign through his paper, the Paris Fred S. Rogers, Bon- ham lawyer, backed by the farmer- labor-non-partisan coalition and W. W. King, restaurant owner and far- (Continued on Page 8.) FINE PROGRAM ARRANGED FOR LEGION CONVENTION Free entertainmest of various kinds is offered by the Legionaires of Virginia during the coming state convention of the American Legion to be held there August 21 to 24, inclusive. All entertainment within the city of Virginia is to be given to the delegates and visitors free of charge and will include a tour of the range district and a gigantic bar- becue. . Outside of the nttractmns at Vir- glinia, there will bes a boxing show at Eveleth, five minutes ride from Virginia, on Wednesday evening, August 23. For this admission will be charged but the prices have been set very low for the show which has been scheduled. Reserved seats may be secured at $3 ringside. -General admission has been set at §1 and $2. Seats may be reserved through the adjutant of the Bemidji post. The number of reservations already made are said to total over 1200 at the present time. Forty rounds of fast boxing are scheduled, four ten round bouts with Stuart McLean and Midget Smith as headliners. An excursion rate of one and one-half fare for the round trip has been granted by the railroads for this convention from all parts of Minesota. A large number of local Legion members and their families are expected to attend in addition to the four delegates sent by the post. BEMIDJI LADIES DEFEAT BIRCHMONT LADIES TEAM Ladies 'of, the Bemidji Country club and ladies of Birchmont staged the most sensational team match of the year on the Bemidij course Fri- day afternoon. With the score standing 11 to 1 in favor of Birch- mont, Mrs. D. ¥. McCann and Mrs. J. A. Younggreen brought in ten points, just enough to tic the match. Four more holes were played to de- termine the winner and Bemidji won 8 to 1. Much credit is due Mrs. IMcCann as she played, a sterling game throughout the entire match. Results of thematches for the first nine are as follows: Mrs, Olson and Mrs. McCurdy defcated Mrs. Lakin and Miss Lycan two points; Mrs. Seims and Mrs. Thompson defeated Mrs. Torrance and Mrs. Anderson nine points; Mrs. Jumper and Mrs. Montgomery lost to Mrs. Bowser and Mrs. Marcum one point and Mrs. Carleton and Mrs. Griflith lost to Mrs. McCann and Mrs. Younggrecn ten points. A play-off of the tie was agrecd upon for four holes. The results were as follows: Mrs. Olson and Mrs, MecCurdy won one point from Mrs. Lakin and Miss Lycan, Mrs. Sicms and Mrs. Thompson lost four points to Mrs. Torrance and Mrs. Ander- son, Mrs. Jumper and Mrs. Mont- gomery tied Mrs, Bowser and Mrs. Marcum; Mrs, Carleton and Mrs. Griffith lost four points to Mrs. Mc- Cann and Mrs. Younggreen. Mrs, Olson and Mrs. Lakin turned in the bhest scored of the day with 50 strokes for each ninc holes. Mrs, Lakin and Miss Lycan had a bad day on the green, both playing the put- Mrs. E. W. Johnson and Mrs. Hallan Huffman were hostesses and a fine lunch was served at the the teams. TRAINSERV[CE M. & 1. Night Passenger Trains to be Discontinued Because Of Strike Situation CHANGE IN SCHEDULE . OF M. & 1. DAY TRAIN Sleeping and Parlor Cars Not to be Carried on M. & I. Trains After Sunday l “On account of the strike situa-~ tion, until further notice the night passenger trains running between the Twin Cities, Bemidji and Internat- ional Falls will be discontinued. “The last train carying sleepers for the city will letve Bemidjd at 11:45 P. M. Sunday, July 23. There will be no North bound train from Brainerd on Monday morning, July 24. “Passenger service to and from Kelliher will be discontinued after trains 31 and 32, Saturday, July 22. “Commencing Monday, July 24, an daily cxcept Sunday until further notice, a passenger train will leave International Falls at 6 A. M. ar- riving in Bemidji at 8:54 A. M., leaving Bemidji at 9:09 A. M., ar- riving Brainerd 12:40 P, M. “A passenger train leaves Braim« erd at 2:40 P. M., arriving in Be- midji at 6:10 P. M, leaving Be- ymidji at 6:20 ‘P. M. and arriving at International Falls 10:256 P. M., “These trains will connect at Brain erd with trains to and from the Twijn cities. They winn not carry sleeping or parlor cars.” Notices to this effect have been sent out to all agents on the line affected, a copy of which was re- ceived this morning by the local a- gent. The orders are signed by W. Gemmel, president of the Minnesota & International railway and the Big Fork & International Falls rauway. At the present time there are two trains each way between Internation- al Falls, Bemidji and Brainerd, but with the new order in effect after Sunday night there will be only one train each way until further notice, (By United Press) St. Paul, July 22—An embargo of less than a carload shipment of any kind of freight on points west of Buford, North Dakota today was be< lieved to be the first blanket em- bargo on any line in the country since the strike began. Other lines admitted that freight embargos are being considered. More passengeér trains were discontinued today by both the Great Northern and . the Northern Pacific. The evening train on the Northern Pacific for Brainerd, Walker, Bemidji and International Falls was cancelled today, effective after Sunday. There were reports today that the Minncsota National Guard has been ordered to prepare for strike duty on short notice, pobably next week. Adjutant General Rhinow, however, denied that any such orders had been issued. ol PROGRAM OF ENTERTAINMENT AT DIAMOND POINT SUNDAY A program of enftertainment has been arranged for Sunday afternon at Diamond Point park and will in~ clude selection’s by Dot Van's or~ chestra and & number of vocal solos by Carl Johnson, baritone. Games will be crovided for the children and the general public is invited to spend the afternoon or the entirc day at this popular purk DAILY VACATION BIBLB SCHOOL OPENS MONDAY The Baptist chufch will open its Daily Vacation Bible school Monday morning at 9:30. Miss Irenc Mur- ray will be in charge. The school will be held five days each week— Monday to Friday—from 9:30 to 11:30 A. M. for a period of three weeks. Mr. Hendricks, a student at the Northwestern Bible School of Minneapolis will be one of the work- ers with the boys. He will present The Bible Town which promises to be an interesting and - instructing feature of the school. The school will he graded and systematized, and the Scriptural instruction adapted to the different ages. Spiritual bencfit is expected to result. A bus will leave Nymore at 9:15 which will furnish free transporta- tion to all children coming to the Bible school. No tuition will b charged. All children between the ages of 6 and 14 are welcome, to atend. This affords a splendid op+ portunity for the children to receiva definite Biblical instruction, el —re