The Bismarck Tribune Newspaper, December 9, 1918, Page 2

MONDAY, DEC. 9, 1918 ‘ARMISTICE IS BEGINNING TO HAVE EFFECT Conditions in Ninth District Change With Peace, De- clares Rich READJUSTMENT | LABOR’S “MONTHLY REPORT CORP AND, BUSINESS CONDITIONS IN THE | NINTH FEDERAL RESERVE | DISTRICT. JOHN H. RICH, Fed- | eral Reserve Agent. NOVEMBER. es Seniors) Dec. 5, 1918. There is already evidence that the’ cessation of hostilities under the armistice may be expected to early | reflect itself in improved traffic con-; ditions throughout the northwest. | Theer is some improvement in the car} supply, and grain which has been held | back on the farms, because of poor! shipping facillties, and because of oad} roads, is moving more freely to the} markets. Shippers are beginning to| give evidence that there will be a io normal traffic conditions, and that! there will be heavy pressure brought | to bear fro mall quarters for a restor-/ ation of the prompt and efficient ser-) | that former! ed in both] ght and express transportation. | While this may not come rapidly,; there are indications that there will be a steady improvement proportion- ate to the lessened burden upon the! transportation system because of the | movement of government material} and supplies. Out of many conditions| that will result from the progress to-| ward a declaration of peace, this, at} to = a eg aig ticularly on the fact that there neveriang the w: least, will be welcomed byb all who are obliged to rely on transportati servic Som already occurred, and there is an im: provement in the lador supply as com. | pared with 30 days ago. As the busi- ness of the Northwest has not been so largely that of war production as in some other sectio! of the country, | there is every probability that pro-| jects that have been held back, con-/ struction that has been deferred, ac- tivities that have been suspended be cause of the shortage of men, will! afford oportunities for emloyment that will rapidly take up fhe slack. The) principal products of this territory; will continue to be in strong demand | throughout all of 1919, and there is no evidenco in either business or bank- ing circles of any apprehension as to} conditions during the ,coming year.| The question is frequeftly raised as! to whether the district is in a post- tion to offer satisfactory employment to the many men who have been call- ed overseas or into the camps, but it) - should be borne in min dthat the busi- ness of this territory is increasing very rapidly, and that production, | both on the farms and in the factories, | thas for a number of years past shown a heavy annual increase. The close of the war will undoubtedly bring a period of active development fi the} resources of these states. and in a district which is fortunate in’ not hav- ing suffered a severo dislocation of its! ordinary activites because of the war,| and where there has been substantal prosperity, there is every probablity | that there will be satisfactory oppor-| tunities, not only for all of those who are shortly to return, but for labor forces that have had steady employ- ment since the beginning of the w Probably nothing more than a tempor- ary period “of readjustment is to be looked for. The coming of peace presents sever- al new problems of practical import: | ahee, one of the most important of which is adequate protection for the many thousands of people who are not | investérs in @he accepted sense, but| who have scribed liberally to the! successive war loan While exerc ing control over ues of securiti for capital purposes in order tha rent finanging during the war might not be incompatible with the govern-) ment’s interest and purpo' the Capital Issues committee in V fi ght labor readjjustment has} ashing: ton, and its various branch commit-| ed effective tees, have likewise exe control over a miscellaneous assort- | ment: of security issues, which may | be classed in their order as specula- tive, unsoknd, doubtful, fraudulent) arfd gfossly fraudulent. These run all the way from enterprises promoted by men with a sincere purpose but of limited business, financial or technical ability, to enterprises. the main busi-| ness of which is to sell stock for the benefit of the promoters. In addition} to enterprises selling stock, bonds or/ securities of the usual:nd customary | forms, there have also appeared num-! erous enterprises offeting participat- | ing certificates, memberships, and oth- er devices, by means of which they evade both state and national jurisdic-| tion while at the same time accom-| plishing the purpose of taking sub- | stantial sums of money from invest-| ors. Within the Ninth district, it is alto-| gether provable that within the last} two years inyestors have been per-| suaded to part with not less than $25 990.000 in exchange for various kinds| of securities, from which there is lit- | tle hope of return in the form of prof-| its or dividends, and in many cases) not even a substantial prospect of sal- vage through liquidation. . The business of selling stock is) highly specialized. Promoters, who are élever, suctomarily avail them- selves of competent legal advice, and} proceed with the utmost thoroughness, | method atld system in the promotion of the issues in which they are inter- ested. Schools for salesmen are a common incident to these campaigns, and in these schools, salesmen are trained in the effective methods of making their arguments plausible to the. investor, _ When they take tie field, they are in charge of an expert manager. They operate frequeatly in| groups, dividing 2 given territory them, and rapidly apd system- Sap all the “prospects” . The compensa- jen fe usvelly in ‘the ‘commissions’ sansing some s ag 25 per cect, a1 {obtain in any other line of busi “|eaution of consulting with their local} “ Secretary Lane's pretty daughter reading to a convalescent wounded Yank at the home maintained:1n° pa ma Park by her mother and the oth is, therefore, clear, that a clever sales- man who could average th ot only one $100 share pe make a profit of from $15 to $ day, or much better earrings in all probability than he wou!d be adle to aa A student in one of these schools reports the following ment from the instructor: “The sales manager gave us a talk on financial conditions in this coi try as well as in-Canada dwelling pai has been a time when all the suck have so much money as they have at present. He said as soon as the lo- will be a manufacturing project with several millions of stock to sell, which will be located at The liberty bond holdings the farmers and the city dwe' as secret service reports made to the; district committee on capital issues, for this district indicate, the objectiv toward which a considerable number | of the doubtful enterprises are now| moving, and it is probable that unl holders of liberty bonds are warned, that there will be a raid of cons able proportions upon their holdings, and many of the bonds whidh should remain as an investment in the hands of their present owners will be taken over by promotors in exchange for worthless or doubtful stock or secur- ities. The existing capital issues commit-! tee in Washington and its branche will have an active life terminating six months after the president’s proc- lamation announcing the treaty of peace. It will exercise supe! i over all issues of securities as be- fore, with the exception that its juris- diction over issues not exceeding $109,000 has been suspended. There is a strong probability that the presi- dent, acting under the authority con- tained in recent financial legislation of congress, will delegate to the treas- ury department of the United States new authority to control dealings in Liberty bonds, especially those of an objectional character. In the mean- time, it is the concensus of opinion of men who are familiar with the present situation, that Liberty bond] holders should be advised that their bonds ea definite value fluctuating with the market from day to day, They should be warned not to deal with traveling stock peddlers or buy stock or securities except through | reputable banks and inyestment hous- es or from agents having standing and reputation and established in bus- iness locally. They should be cau-} tioned prompted by necessity to! sell their bonds, to first take the pre- of both ers are, | banker and obtaining the market quo- tations if the average investor had knowl-| edge of the methods ‘employed by! those interested in the promotion; schemes, he would hardly counte- ace any proposition involving the change of Liverty bonds for stocks, in any event not until the propo- ion had been submitted to the judg- ment of the local banker. Banking and business conditions throughout the district remain much the same as during the previous month. A favorable fall permitted the farmers to accom) h a large amount of work, and with satisfac- tory spring conditions, there will be an encouraging outlook for a large crop acreage. A resumption of building activities is pending. but will depend to a large extent upon the cost of material and | the cost of labor. Probably no great | activity is to be looked for prior to the close of the winter. | —- 1 i FAITH IN THE RED CROSS. A young American soldior recently arrived in France tried to locate his brother, who was also in the army and who had preceded him “over there.” It was like hunting for a needle in a haystack. After many dif- ficulties and long waiting, however, he at last located the company to which his brother belonged. Then he learned that his brother had been wounded and was in some hospital. That was all he could find out. With the faith of a little child in his eyes he told this to a hospital searcher belonging to the American j Red Cross and then with the faith of a little child he added: “But the Red Cross will find him,” And the Red al stuff (stock) is disposed of, there|f {Ht {cities where there are government “lthere are 11 wounded men convales er women of the interior department. ~!SOCIETY GIRLS TAKE CARE strong demand shortly for a return | commonly from 15 to 29 per cent. It] YANK SOLDIERS OF SICK WASHINGTON day, would Luckiest Invalids of the National Army Are Those Transferred to | This Private Hospital, Which Has All the Pleasures of a Club and i By A. E, GELDHOF. N. E. «. Washington Bureau. i D. wounded soldier: seribes the bos care of by Mrs. wife of th who are being taken Franklin K, Lane,! of m taff in their Home for C ont | Soldiers, Sol Fern Place, Washing:on. |) ‘These women have rented a Jarge | private residence~near Walter Reed | hospital, out in beautiful Takoma Park, and have turne it into a haven \of rest for some of the boys who lost a le i ate hospital for h the war de- is the on Ameri partment ha: pen, but it is likel, will be opened in New York and other hospitals. In the Interior Depariment’s Home cing from wounds received at the front. Nearly all have lost a limb— one has lost an arm, leg and an eye, Eleven represenas the capacity; of the home oon as one of the! soldiers is discharged another is‘sent} Cc over from Walter Reed Hospital, the | ‘great military institution. Pleasures of Club Comforts of Home. rd Aat the home these men enjoy alli only room in the place which sugges a hospital is the supply room of Miss Ella Rogers, the trained nurse in} charge. There is a large well-furnish- ed living and reading room with pi- ano, talking machine, comfortable couches, e a’ big glassed-in sun porch extending across the front of the house and two mig speckless dor- mitories on the second floor with rows ot ‘bie, comfortable, homelike white | beds. building which was once a dovecote | and henhouse. This the soldiers have | KEEP LOOKING YOUNG ~ It's Easy—If You Know Dr. Edwards’ Olive Tablets ‘The secret of keeping young is to feel , young — to do this you must watch your ; liver and bowels — there’s no need of ! under your eyes — pimples — a bilious look in your face — dull eyes with no sparkle, Your doctor will tell you ninety per cent of all sickness comes from in-‘ active bowels and liver. __ Dr, Edwards, a well-known physician in Ohio, perfected a vegetable com- pound mixed with olive oil to act on the liver and bowels, which he gave to his patients for years. Dr. Edwards’ Olive Tablets, the substi- tute for calomel, are gentle in their action | yet always effective. They bring about that exuberance of spirit, that natural | buoyancy which should be enjoyed by everyone, by toning up the liver and clear+ ing the system of impurities, ‘You will know Dr. Edwards’ Olive Tab- | lets by their olive color. 10c and 25c pet | box. “All druggists, A Critica} Inspection Reveals Chance for Real Economy Nearly every wardrobe in Bis- : marc has in it a suit, coat,! dress, skirt that haven’t by any means outlived their usefulness. ' DRY CLEANING & PRESS- ING put many an article of ap- parel back into service for many ; more months. ; ; _Here’s a chance for hundreds of people to eliminate waste and |join the ranks of the thrifty. | _And it doesn’t entail any sac- \rifice of pride-or personal ap-! pearance. |EAGLE TAILOR SHOP | Cross did. FOR SALE—Violins, lin and two Cornets. » MUSICAL INSTRUMENT BARGAIN ‘ O’°CONNOR’S ORCHESTRA | Opposite the Post Office 4 Tango Banjo, Mando- f luckiest | yarns, of them all. That de-/ they every emp! meat the fre ® of these are avail his hebd. ¢ Wa the comforts of home combined with! anq entertain the men. the pleasures of a club, and none of} jadies from .the interior department the jdiscomforts of hospital life. The pag a certain day of the week Out in the back yard is'a little brick = having a sallow complexion — dark rings ||, “All the Comforts of Home” And Work asseciation. the for the rental and also does his monthly m 25 cents to ? or e and were wounded. rippled Soldiers Vocationally Trained. And if you could take hospital. Society A SHETLAND PONY FOR CHRISTMAS We have a beautiful outfit, pony, cart and harness for sale HOLMBOE STUDIO . Dated December j turned into a club room, where they ‘can smoke, play cards, read and swap; on the spacious play croquet with society girls who come out to entertain them, | The home is supported by an unique! secretary of the interior,! orgapization—the Interjor Department, of Lane's! War the other ladies of contribute heavily to the fund which} lawn Mrs Lane and| department upkeep, but ye of the Interior Depart- her share— contributions ranging | ‘The association tries to accommo- date, first of all, former employes of the interior department from any pari of the country who entered ‘the serv- But if none able, it takes in‘any wounded soldier who is able to leave The home was -opened in September, and it. has been filled to capacity ever since. a waiting list at Walter Reed of men woh are eager to enter the home. There is always a peep into ithe home. you wouldn't be surprised to know that the boys “don’t want to | get well! |, The home is more than & convales- girls from hington come out every afternoon Each of the oY, BISHIARCK To Holders of United States Treasury Certificates of In- debtedness Treasury Certificates of Indebtedness dated September 8, 1918 and maturing January 2, 1919, are hereby called for redemption on December 19, 1918, at par and accrued interest pursuant to the provision for such redemption contained in the certificates. terest on all certificates of said series will cease to accrue. 4, 1918. FEDERAL RESERVE BANK on which she is “officer of the day” and is in charge of the place. Mrs. Lane, Mrs, Newton, wife of the dommission- er of patents; ‘Mrs. Vogelsang, wife of the assistant secretary of the in| terior, and the others take a great in- terest in the home and vje with each other to supply comforts for the in- mates, Help in the way of vocational edu- cation is also extended the crippled soldiers, and after ‘they leave the home efforts are made to obtain posi- tions for them, principally in the in-| terior department, which has a con- stand demand for men as examiners of patents, etc., where the loss of a !}ez or an arm is not an insurmount- | able obstacle. x association supports, pital in Nevilly, France | bales. and bales of knitted and other) comforts to our men at the front! i every month. |" Fallen For Freedom 1%. oe | o | | Wounded, Degree Undetermined. | N. D. | Dak. ' Rrivate ‘N. Dak. Private Sam B. NiDak. Jrivate John Besteland, arpio, N. Dak." .* . Private Magnor K. Hanson, Gren- ora, Ny D. Private Lester Shoeek, Anamoose, N. Dak. Private Arnt G. Lund, Carrington, N. Dak. Private Louis P. Paulson, Hoople, N. D. - private Nikodemus Drilz, Judson, N. Dak. Edward W. Ramsey, Crystal, | \ Arvinitis, Biamarck, | i Killed in Action. private Albert Gariepy, Dak. Private Charles A: Hoff, Fort Ran- N. D. Ze Leroy, N. OLDS \ Head or chest— are best treated | “externally” — Get the Habit Get the habit to ship. your hides, furs and junk to the firm that pays the highest market price. Send for our price list and tags. We pay the express and postage on furs. BISMARCK HIDE & FUR CO. Bismarck, N. D. : You ‘Can Enroll at This MODEL OFFICE PRACTICE school under guarantee of a sat- isfactory position aS soon as competent or your tuition re- funded. Send, for particulars. When you know moré about this college and what it has done for hundreds of the most successful business men and women, you'l! attend. Write / G. M. LANGUM, Pres. Bismarck, N. D. \ On December 19, 1918, in- WILLIAM G. McADOO, Secretary of the Treasury. ‘Holders of Treasury Certificates or holders of our in- \ terim receipts therefor, may receive payment upon pres- encation in accordance with the above notice. : Fiscal Agents. —Of— ; MINNEAPOLIS | i H i | \ | Dak. John, N. D. N. Dak, The Interior Department War Work |§ in addition to) this home, 20 beds in the army hos-/} and sends.|§ Sergeant James J, Fyyan, Jamestown | 3 ’ Private George H. Green, Fargo, N. f \ Private Janies A. Martin, Weaver- ton, N. D. Private Henry Dak. _ Private George H/ Rogers Velva, N. Dak. Private Charley F, Schwartz, Lu- verne, N. D. > ; ivate Kinton C. Torgerson, Fair- N, D. Private Olafe Olson, Cavalier, D. / Wounded Severely. Corporal Earl 8, Scribner, Minot, N. € Krohn, Omemee, ‘N. Private George W. Jeanotte, Saint i Private Edward Tandeski, Grafton, Missing In Action. Wm. A. Zich; Regent, N. D. Pri |idale, War The war taught us to econ- omize. Waste and extrava~- gance were tabooed.. In clothes, , economy, meant better quality. Good clothes last longer, look better— and, in the long run, are more economical. ist omy in peace time is as worth-while as in war time. _ Let’s keep on practicing economy. Let’s continue to demand the best. Buying Ber- geson’s Clothes is practicing true clothes economy—before the war, during the war and after the war. ‘ We sell them—$18,'$25, $30 to $65. U "How many miles do you get from each gallon of lubricating oil? It will pay you to know this: The function of a lubricating oil is to pro tect friction surfaces... To protect, it must wear well. ¢ Why do some oils “wear out” so quickly? Often their inferior quality will not stand the heat.of service. : can Often the oil is too light or’too heavy in body. and therefore unsuited to the design and construction of the engine. With the | FRENCH AUTO OIL |. There Is a Weight for Every Car - Ask Your Dealer for It ~ Bismarck, N. D., Branch » Marshall Oi Co. | -.