The Bismarck Tribune Newspaper, July 24, 1918, Page 6

BISMARCK DAILY. TRIBU: rd A BRITISH STANK JN {FIFTH (AVE. By FRANCIS H. SISSON, Vice President Guaranty Trust Com pany of New York. Did you ever stop to ghink what a large part of eath dollar ratsed for Uncle Sam’s war budget by Liberty Loan or otherwise goes to pay the boys at the front? How'do teese dollars reach the trenches? How are they turned into French currency? How do the soldiers take care of this money after they get 11? Muststhey carry It op thelr persons or do they entrust their money to a company'safe, which | MUST Oe svuvenient co «me ines ‘and { perhaps equally convenient to enemy | Palders? If they wish to send their {money home to their relatives or to i their home bank how can they do so iwhile on the margin of No \Blan's | Lana? Sy 1! Whese are some of the questions } that have been wet and solved by Un- Idly tnereasing, the magnitude of the in be appreciated. Organization of a system -for the payment of the army at home was ‘com- paratively simple, but when ft came to paying an army overseas an entirely new set of circumstances had to be dealt with— unfamiliar currenctes. tradesmen unrespo e to such me- diums as drafts, letters of credit and checks and allowing unfavorable or uncertain rates of exchange and other difficulties, The first step was to provice facil: tles for paying directly the allowances made to dependents of soldiers. Ac- cording to government regulations, married men in the service must al- tow at tenst’$15 a month to their wives and more {n proportion to the number of children. In addition. the govern- ment !s required to pay $15 to a wife, with proportionate Increases for each child. Compensation Is also provided for dependents, such as grandparents, brothers or sisters, The allowance to dependents under these regulations at present tpvolves jele Sam's financial agents In co-opera- {ton with some of this country's great j banking institutions, \ \ The importance of these questions te. our troops ‘fn France cannot be over- estimated, The pay of an enlisted man. ranges from $30 a month, received by a private, to $80 a month for senior \gtade quartermaster sergeants of the {quartermaster corps, band’ leaders, master electricians, master engineers of.the senior grade and master hospi- tal sergeants.’ Enlisted men serving in mailing from Washington’ each month over 700,000 checks, averaging about $25 each, At the beginning of our entry Into the war the government was forced to ‘abrogate payments in gold to its sol- iers on foreign service. The mere shipment of so many milllons of gold coln is attended by unusual risks in time of war, to say nothing of the dis- turbance in the money market that such ‘transfers would produce, Payments to troops abroad are. now made éither in the currency of France a foreign country receive a 20 per cent. imerease.». Officers’ pay ranges from $141.07 a month for a second Sieuten- ant, to. $10,000 a year, received by a general, with 10 per cent. increase for foreign service. When we realize that the monthly Payroll for Uncle Sam's fighting force 1s pow over $100,000,000, that one-half of, this {s already being sent abroad and that both the total payroll and the proportion of that sent abroad are rap- or by check payable in that currency, according to the desire of the soldiers, Those who take checks send them home or deposit them with banks un- der some df the arrangements devised by bankers here who have correspond-. ents or branehes abroad, For the ben- efit of those who take currency a rate of exchange is established by procla- mation each month. This means that the soldier gets French currency in an THE DEAN SS Who had, Sort ‘of'was glancing over a box. score the etiall' for Sereval yearsother day and ran ‘across: the name j Fe ight ercmeae + uuicant which equalizes the difference in value between the dollar and the AN AMERICAN ay eee eed franc. the government. retain an allotment from bis pay each month for his own benefit,-as {n the case of dependent al- lotments.. This will-be mailed by the government direct from Washington to a designated person or bank at home. If the‘allotment 1s made for. his own benefit he can draw checks against it, ashe can against an ordinary deposit in his bank. “With-réspect to so much of his pay as the government does not The: soldier, 1f:be.wishes; may have 31 e ‘Bi ei e el withhold, be has the same privilege as he would were he a civilian. these conditions surrounding’ the ‘sol- dier in France ‘and because they had If the soldier receives, his checks tn France and “cashes them there he car- | t ries the currency ‘around with him, and, while it is ‘not a ‘staggering amount, he ts likely ‘to be constantly worried about losing {t. Under such circumstances he |{s more likely to spend {t quickly, deposit {t in a foreign bank, because if death should overtake him his rela- tives in this country might encounter considerable delay and :inconvenience in establishing their rights In. his ac- count. “| state. He. doesn't like to Trust Company of New York, for ex- It ‘ts but natural,” therefore, Wallace with the St, Louis Cardinals. “Funny,” he said, “there used to be. a, Wallace wit hthe Cards back in. the nineties — ‘Bobby Wallace — and a. mighty sweet infielder.” It was-the same Wallace, the dean of baseball players, -44 years: old, 25 years in niajor league baseball, a sur- vival of the days of ‘Pat..Tebeau, of Ed. Delehanty, of Cy Young ‘and the rest of them. N ‘Old Bob breaks into’ the game: now and. then. His legs aren’t what they were once and-he has lost a part of ‘his. old :itme -batting eye, but» he’s:a Mighty valuable. asset to the Cards just the same. Its remarkable that Wallace lacking the color of Wagner,’ Lajoie and Craw- ford, should have out-stayed them all in baseball. ., Wallace's career in baseball started with a -semi-professional team at, Qarion, Pa., 25 years ago. He was then a pitcher, but the next year he was picked up by the Cleveland club in tlie National league. This: club was managed “by Pat Tebeau and included ‘such: players as Ed McKean, Cupid Childs, Cy . Young, -|Chief-Zimmer and Jim McAleer. When the Cleveland franchise was sqld to St. Louis, Wallace, who had béen transferred from the box to the infield, went along. Later Bobby jumped to the St. Louis club of. the American league, where he remained until‘a couple of years ago, when he tried umpiring, then went back to the Cards. BUY W, S. 8. GOPHER PRISON, LOSING INMATES Stillwater, Minn. July 24.—The sharp‘ decrease-in the number of in- mates in ‘the state penitentiary here, has attracted considerable attention. :}On January.1, the prison housed 1,-;) '|@08 convicts and at present it has $82 prisoners. Of this total, 135 are serving life terms. Prison authorities, in -stating. that; this total is the lowest in years, are | inclined to hold three causes respous- ible. The war comes:first. It has taken thousands ‘of men from the The heavysdemand for labor and enforcement of the work or fight ordér has kept undesirable characters | on, their good behavior, it was said. ness with him according to methods with which be is fuuillar, need of banking facilities at the front is not-confiued to the handling of the offiters ‘and privates’ there are: thou- of currency on their persons and espe- mént similar to that which they have been accustonied to at home, meeting them that certain. trust com- panjes entered into arrangements ‘that would enable the: soldier or sailor to get his money and to, keep or,spend it without ‘loss or inconvenience, and Parig and its relations With the leading banks of France, the Guaranty ample, was able to offer special con- veniences to the officers and, men in the Expeditionary Force as, well as to that he ‘should desire to have it ar- }those ‘connected with officially recog- ranged, so ‘that he ‘can ‘transact ‘his money matters with men who speak bis own language and who will do bus!- nized organizations operating abroad. The advantage of a large organization and oumerous affiliations in this coun- It must be remembered..too, that the inall monthly stiperid from the” gov- rnment in all Instances.. Among-both ands of men who possess! private: tu- omnes, many of thenilarge ones, They ‘annot very well carry large ‘amounts jally require some banking arrange- It was becausé they, appreciated all Fi he necessary facilities ‘abroad for Through its offices in both London Ti The third reason ‘given, is the, fact that local’ option hatl made, much more than half of Minnesota, dry ter- ritory. The prison inmates hayg been work: ing -overtime—for pay—in the ‘twine plant, and it is estimated that more than 19,000,000 pounds of twine ‘will beturned out this year. In ad@ition, it is expected that about 18,000 binders, retapers, mowers and rakes; will, be made. : The inmates have sh wineir pa- triotism by assisting gm-every: war drive. They have subsetined °$34,30 to Liberty loans; $2/A7O:@O"#Nne ‘Red Cross; $12,996 for war savings stamps and have given $757 to the; 3 of Columbus fund. “t ———surw. DRIVE WRECKS HUNS’ MORALE Rhine Towns Are Despondent and Hungry) — sao as Amsterdam, July 24.—The»stamina of the Germans working -in factory {towns along the Rhine ‘is growing weaker daily, due to allied bombard- ments, food conditions and ‘the fong delayed victory, So say travelers just returning from Cologne and - other. Rhine towns. , Continual bombardment ; by: allied {aviators of factories:and: railway sta- |tions is having a’ tremendous effect on the morale of the people. They are deserting the cities‘by hundreds, and only military force prevents the muni- ‘tion “workers from leaving the fac- tories, ' “The resumption of the offensive,” said one traveler, “helped ,consider- ably to lift the people's hope. Bul-! letins proclaiming the annthilation of thousands of Englishmen and:French- meh were torn from the hands <of'tte | venders. Houses were covered: with | bunting and people shook Hands with’! each other, crying ‘We are victors and shall remain victors!’ “But the cessation of the rapid ad- vances and the counter- attacks by the allies have again caused ‘a feeling | of despondency. People nodonger be- all. BANK ON W “AY THE pata FRONT rance, \ more, under ja ‘special. rtiling of the Prench, Government. bank ‘deposits of deceased soldiers ‘are automatically: transferred to the United States. Whren a soldier is not a depositor of the trust company, but of some other. American bank. which -bank may. or may not -be a customer: of the Guar anty, he can obtain checking privileges in. Franée by having his‘ home bank arrange for whats known as‘a “re- volving credit.” This “revolvingy-credit”- plan works out as follows: The mau who Is going to enlist or who 1s soon'to be called in the draft ‘goes to his bank where he has a deposit account or where tt will .| be conveniens for him to,open one-and This enables the man money asks that drrangements be nade for cashing his checks’abroad, ‘Cader the “revolving credit” plan the ‘bank {is out a form of credit letter. -Copies of this credit letter are sent to the Parts office of the Guaranty, and a copy ts Sliven to the man himself, When the soldier ‘arrives tn France’his copy of amount, however, Is more thah ample for the average ‘requirements of a ‘sole dierin France, \ In ‘addition to the arrangement which has Just been described, there 19 another which {g available to officers, Under this commissioned officers hav- Ing accounts with the Paris office of the Guaranty Trust Company of New York can cash their checks ‘at any of the 170 branches Jof >the Bank of France, as follows: Officers below the rank of. lieutenant colonel can cash checks for 150 francs at any one tine; @, Meutenant colonel or colonel can cash checks for 500 francs-and a gen: eral for 1,000 francs. This operation -| may be repeated as often as six. thines The officer ‘during a calendar month, can make this arrangement either be- fore he leaves the United States or when he arrives tn France. ‘If (he wishes to make the arrangement be- fore he leaves he can wake a first de- posit with the Guaranty ‘Trust Com- pany’s New York office, When be ar- ives at a seabourd city In France he communicates with the Paris otlice of the Guaranty Trust Company, and they send hima check bogk, and com. | plete the arrangements with him. { If a soldier does not have a check- ‘Jing acount at a bank of does not wish to open’ one ‘another safe, conventent sfand economical means for carrying ; ready funds both ‘on the :trip across, and while on the other side, ls pro-! vided. ‘Thtsis.‘a new form of “service cheek. ‘ These “service checks” -bave ‘been perfected by the trust companies which are officially designated @epositaries for Government funds of the United States in France and in England. The checks, issued ‘Jointly by these compe nies, are authorized ‘and approved by; the United States Government and are! sold at, the official rate of exchange, agreed upon between the | alten States and French Governments. No; commission ts charged. { ‘These checks can be purchased “ut concentration ‘camps ‘in the United! States in various amounts and at all the offices of the trust companies tssu- ing them, They can be cashed readily} In France, England and Italy.. A selfs; identifying feature makes'It practical: ly Impossible for an) but the rightful; holder to-cash-the checks, One Is also’ protected against loss incident to car-{ rying currency. P a The-cost of the service checks, which; includes the ‘required French revenue; stamp, ts as follows: 50 franc service check. 100 franc service check. 17.60; 200 franc service check. 85.15! When cashing ‘service checks the! \ £8.85, holder receives the face amount uf the the “revolving credit” acts a san iden- - check Without any deduction whatso-. tification at the branches of the Comp- ‘ever. this. bank ‘throughout France change rates, lection, of making which he {s unfamiliar, oly National d'Escompte-de Paris, On presentation of this “revolving credit” try and abroad was tn€reased by the |ietter at: any:of the many branches of fact that both the London dnd Parts i offices..of the company were officially designated depositaries -of the United, States Government, The plan which thts trust company evolved for making -the “American sol- dier’s money., useful to -him Includes arrangements for the officers and _ar-. rangements for the men who-already have.or who may open checking ac- counts with any American bank or trust.company. in uniform who has availed himself of this plan to cash his checks immedi- ately In every town of importance tn The. soldier having an ac- (count with the -trust. cofapatiy can draw against it while in France with. no more difficulty than a depositor having’an account at-the main office in New York ‘has -in cashing a check ‘at local-branches, which {s no ‘trouble at He gets a receipt for tl the branch bank will -cash the soldier's. check drawn on -bis hone bank/; The soldier cao druw *his check tn Amert- can money and get the equivalent In French money. at the most favorable rate of exchange, This:tnsures that no profit {s made on his transactions ‘}by reason of the difference tn ex- The check which he draws ‘goes through ‘the ordinary ¢chanuels of col- It finally finds {ts way back to the home bank and {s charged up to the soldier's:account ‘there, Thus-the soldier is enabled to centralize his banking dealings while on the other, side in his own ‘check book on ‘his home bank ‘without the complications few -arrangements with Of conrse, owing to the time*required to have the checks reach the United States and be A -stiil furtnee convenience for the’ soldier at the front :i3 an ‘automobile bank, which-also bas been established in’ Parisiby the Guaranty Trust Com- pany: of’New York and which will rég- ularly, carry.money to our men to the nearby camps and’ trenches along the battle front in France. eee gat ‘This traveling bapk will be-of.great assistance to'disbursing officers.at the varlous camps In-the transportation-of funds and ‘wilt'd}so ben’ detided ‘con- venténce for our’ soldiers: It will not only -expedite their payment by the government, but It will: also‘add to the facilities which they have for cashing checks and transacting other money affairs, Most of the camps behind the sectors In France now being held ‘by ‘the American soldiers ‘are within two or three hours’ motoring distance of Paris, and the “automobile bank” ‘will therefore be‘able not only to go'to aad f¥o between’ Parls and ‘the front, put also to keep In almost daily touch with WEDNESDAY, JULY 24, 1918. deposited ‘with the trust company. Paris office. count to France, and his checks are forthwitb cashable at any of several his “serves to {dentify. hitn at. the A draft transfers his ac- in all the time. Munition laborers can get no more than 4 :lbs.. of ‘potatoes and 2 :1-2 Ibs, of- bread a week. Tur- nips and cauliflower leaves are ‘used to make soup, with an occasional win- ter potato thrown in. Those who can- not obtain illicit ‘rations are always famished. “The ‘police ‘and espionage system is growing “Worse'than ever. ‘No one can ‘make a remark against the kais- er or the ‘government Without having someone,at his back theratening him. When the’ Kaiser visited the Aisne front recently a man ‘in 'a{‘cafe remarked, ;“Oh, that ‘ass! the scene when the danger is over!” One of,.the,, immediately: ‘notified the police. “Trains of wounded are continually: pulling Ingeomighe front. As many as: 40. cars dafly pull through the Rhirte towns. Persons are afraid to speak to the woundéd; as the. police are everywhere to prevent the people find- ing out the true state of affairs. “Men returning from the front ex- press surprise at the food conditions, but also remark, that they have been cutoff without food for days at a time. “Prisoners in these towns are work- ed day and night at the lowest kind of work. A recent strike by Russian prisoners was broken up. on threats of? solitary confinement for six months.” BUY W. 8, 8: AMERICAN EAGLE BORE ANCIENT TAG ‘Eutte, Mont., July 24—John Ro-: gers—St. Louis—1855.” , Acmetal. tag, bearing this -inscrip- )tion, was” attached ‘to the leg of an American .egagle, shot near here,re- cently.--In-the -pioneer days, ‘gold hunters often made pets of the birds. ItstasbeHeved that-this Join Rogers came from St. Louis. Mo, There was a St. Louis Fur company in -exist-; ence then but it is not jeved that Rogers was connected with it. An informal invéstigation is under way. ; Wagles sometimes lize to be one hua- dred years.old, according to state nat- uralist: lieve the war will be over:.this. yea “Food conditions are getting wors gf reibuae W charged against the soldier's account, it 1s necessary to place some limit on the amobotwhich.can be drawn, with- pends upon, what arrangements the. hundred correspondent offices in that| home bank makes with its depositor as country. If his pay ts allotted to the|to tlie manner in which the account Paris office and ‘he stiowld subsequent: | wil) be maintained. The “revolving ly die the record in New York of the|credit” ‘can ‘be used only where arrangement expedites payment to his|amounts not in excess of $500 within relatives and insures safety.. Further. any two months are Involved. This He ‘always ‘arrives on |*) en sitting next to -him,| our soldiers wherever they, are located along'the lines. THose tn charge of It will be-Americans who understand and can be understood by the soldiers who aye far from home in a lang of unfae iniliar language and customs. This traveling bank promises to become a feature of the life behind the trenches, another reminder from.)home ‘that those ‘for whom they-fight stand with them ‘to the end, HE LINKS WITH CHICK EVANS on any-given period.. The amount -de- ONT 56] . “BY PAUL-PURMAN. » The first thing of importance for, golfer to learn is:the grip on the clu The average novice-has probably pla ed baseball and his*Ingtinctive grip will be something like that‘with which: he grips a baseball bat. This is en- tirely wrong. ‘i There are several variations ofthe proper’ grip on a (golf club, but ‘all follow: the same :general principles. The first picture shows ‘how Chick Evans, national open and amateur golf Lightly; with the-thumb. parallels shaft of the clib.n 244: a aes } The -second «pictire shows how Evans places his right hand-over the left, The right hand gives direction. ‘The right hand is held grmly, but del- straight line with the left thumb. -The Tight ‘hand must not be pérmitted to slip in’ making a stroke, as this’ will give a slice-or pull. This grip is used on-all-clubs, Some golfers vary somewhat-in-using a put- BUY W. 8. S. ‘ant Ads Bring Results. .. . Gtlving ‘power. The club is gripped champion, holds. his ¢lub=with ‘his ter, but the best results for:the novici left hand. The left hand ‘grip gives z > may be obtained by using ‘this’ gri on all. shots, cae Teately, With the thumb on ‘almost ~a ©