The Bismarck Tribune Newspaper, September 9, 1919, Page 6

FORKS LOOKING § TO LIGNITE FOR WINTER SUPPLY Little Prospect of Coal From Lakes—Babcock Certain of Native Fuel at the city shortage of , it was intimated last evough lignite may be ob- taimed least for the fall until the dock strike at the head of the Great Lukes js settled, and the supply of hard coal again is turned in the direc- tion of Grand When ked a nite coal resource Dean E. J. Bal that he felt s quate td relieve the s temporarily. During t . the lignite production has been in- creased about 30 per cent over the pre- War output, and while there might not be enough on hand to supply all the needs of the state troughout the win- ter, Dean Babcock thought that there would be sufficient quantities to tide consumers over the season of tempo- rary difficulti Thinks Lignite Will Suffice Discussing the anthracitee coal shortage, Dean Babcock — said, he thought some settlement would be ef- fected before the season advances too far, and that he was almost ain that no matter what happened, the dif- ficulties arising the — shortage would not be eri seen complications the present con up the transportation of fuel. Investigation here yesterday reveal- ed the fact that ther sn’t ton of hard coal in the rds of the city, and i stance a small sup- is available. Coal dealers said that the had no advices tending to show that the crisis would pass in the immediate future. The situation is due to the fact that the dock workers at Duluth are on strike, and have been s' ing for the ast month. Consequently, all coal trains have come to a standpoint in spite of the fact that a number of vi sels are tied up at the Great Lak harbors with their holds filled with anthracite waiting to be unloaded. Small quantitie: being unloaded here, but these r from enough to meet the demands from the northwes- tern states, Some Are Pessimistic Some coal dealers and quite a few ccnsumers admitted last night that f they felt rather gloomy over the pros- pects of a threatened coal famine; in s Where orders for coal had been weeks, indeed, months ago, no faction has been obtained, and it s said that the number of those who have been lucky enough to fill their ling between times is comparatively small. Had the present cr an earlier part of the not have inspired the pessimism which is now found in some quarters, but the fact that the nights are becoming chillier, and that a cold day may dawn upon the city almost at any time row, aggravates what is characterized by some as a most precarious situa- tion. GLASS ANNOUNCES NEW ISSUES OF U. 8. CERTIFICATES Secretary of Treasury Offers In- vestment Which He Believes Will Be Attractive the present. lig- in North Dakota, said last night ed it would be ade- ituation at least ast two year: come during CLEANING UP WAR DEBT Uncle Sam Making Rapid Prog- ress in Financing of Amer- ica’s Part in World War Minneapolis, prospective issuance department of a s of indebtedness which is expected to prove attractive to northwestern ii vestors announced today in a tele- gram re ed by Governor Theodore Wold of the federal reserve bank from Carter Glass, secretary of the treasury. Mr. Glass wires as follows: “The third semi-monthly issue treasury certificates of indebtednes series C 1920, in pursuance of the pr gram outlined in my letter of July 25, 1919, was, in accordance with the an- nouncement made on August 25, 1919, offered without asking the banking in- stitutions of the country to subscribe fox any special quota. The treasury felt confident that the certificates could be sold in amounts more than suffieient to meet the reduced needs of the government without assigning the usual quota to individual banking institutions. This confidence was am- ply justified by the event. The certifi- eates of Series C 1920 were dated Sept. 2, and subscriptions closed on Sept. 3, the following day. The ag- gregate amount of certificates of this series subscribed for and allotted was $573,841,500, a sum greater by about $40,000,000, than the: amount sub- scribed for either of the two preciding igsues, each of which had - definite quota assignments and remained open a-week after the date of issue. The aggregate was in excess of the imme- late requirements ‘of: the . treasury but allotment was nevertheless made in full upon all subscriptions made on the date of issue and the day follow- ing, in order not to disappoint these subscribers who had ‘presented. their subscriptions with reasonable prompt- ness and the opportunity was taken to redeem on Sept. 15th the certificates of series VK ‘maturing Oct. 7, 1919 (the last of the certificates issued :in anticipation of the Victory Loan). The redemption of ene certificates Should have a beneficial effect, in con- niection with the late payments of income and pro! es due on’ Sep- tember 15. $1,799,041,500 Outstanding. ‘The aggregate amount; of treasury | capemmremiia ASA STUDENT Woodrow Wilson photographs made at various stages of his lifetime, when he was a collego student, pres- ident of Princeton and governor of New Jer: from which position he stepped into the presidency of the ‘United States. ARR eee has since been reduced by exchanges sh redemptions) is provided for h in bank and income and profits taxes due Sept. 15, leaving an ample balance in the general fund. “There remain no maturities of cer- tificates to provide for prior to 1920, -las the certificates maturing Dec. 15 are more than-covered by the income and profits tax installment due on that date. “In the month of August just past, ordinary and special disbursements exceeded ordinary receipts by less than $500,000,000. In Sept., because of the income and profits tax install- ment payment, ordinary receipts should exceed ordinary and special dis- bursements by approximately $500,- 000,000. To Take Forward Step. “The success of the recent issues of tre ry certificates, the fortunate ash position of the treasury at the moment, and the reinvestment demand 'S|which will result from the payment of so large an amount of certificates, on or before Sept. 15, creates a situa- tion which should be availed of to make an important step forward in financing the debt growing out of the war. In my letter of July 25, above | referred to, i indicated that the tréas- ury Certificates program might be varied at opportune times by the sub- stitution of issues of tax certificates. This obviously is an opportune time, and accordingly the treasury is offer- ing two series of so-called tax certifi- cates, both dated Sept. 15, 1919, series T9, maturing March 15, 1920, and bearing interest at the rate of 4%4 per cent and si s T10 maturing Sept. 15, 1920, and bearing interest at the rate of 4% per cent, payable semi- annually. It is not possible to say de- finitely when semi-monthly issues of loan certificates will be resumed, nor upon what terms they will be issued, but such issues will certainly not be resumed before October 15, and the minimum amount offered should not exceed $250,000,000 in view of the im- portant fact that now for the first time in over a year certificates (of series T9, maturing March 15) are offered at a lower rate than 4% per cent, I deem it proper to say that, if hereafter certificates maturing on or before March 15, 1920, should be is- sued bearing interest at a higher rate than 4%4 per cent, certificates of series T9 will be accepted at par with an adjustment of accrued interest in payment for certificates of such series which may be subscribed for and al- lotted. Asks Liberal Subscription. _ “hope that each and every banking institution in the United States will not only subscribe liberally for one or both issues of the certificates now of- fered, but will also use its best en- deavors to procure the widest possible redistribution of such certificates among investors. The certificates, al- though acceptable in payment of in- come aad profits taxes payable at ma- turity, are, as you know, payable in cash when they mature, and should make a wide appeal to investors gen- erally because of their valuable ex- emptions from taxation and attractive maturities. The success of these is- sues will be an important advance in Re". OF PRINCETON’ AS GOVERNOR OF NEWJERSEY , AS. PRESIDENT The first fifty years of the life of ‘Thomas Woodrow Wilson is the story of a student, teacher and author. Born on December 28 1856, the pres: ident of the United States is almo 63 years old. His father was a min | Irish, Altho born at Staunton Va. his par- ents moved to Augusta, Ga., Charles- ton, S. C., and Wilmington, Dela. Completing: his preliminary school- ing, Tom changed to Woodrow and en- tered Davidson college N. ,, 1874 where he remained one year. A few years later found him a student at Princeton university where he later was to become professor and finally president.. In 1881 he graduated in law at the University of Virginia and the following year practised that pro- fession in Atlanta, Ga., but gave it up saying it was a “business and not a profession.” He continued his studies, altho he ld .already. graduated from two col- leges and from 1883 to 1885 he at- tended Johns Hopkins. In. 1885 he uarried Ellen Louise Axsen and.jn the Ime year became a professor _ at Bryn Mawr college. In 1888 he resigu- ed that post and was a professor at Wesleyan college for two years, follow- ing which‘he accepted a professorship ut Princeton. Woodrow: Wilson was first professor of purisprudence and political economy and in. 1902 became the university’s president. From the head of Princeton” univer- Isity’he was. placed in the governor's chair of New Jersey in 1910 on the democratic ‘ticket, This was his first venture into polities, * Wh Colonel Roosevelt headed. the progr wing of the republican |- BR party and William Howard Taft rau. for re-election on that partys plat- WILSON’S FIRST HALF-CENTURY WAS THAT OF A SCHOLAR AND PEDANT tar and his parents were both Scotch- 1 | form Woodrow: Wilson slid into the presidency and. “entered: the — White se March 4.1918, the first demo- , cratic. president since Grover Cleve- land's administyation.. « | In. August, 1914,’shortly after the outbreak of the European War, the vesident’s Wife died and in December, 1 he married again, his present wife being formerly Edith Bolling Galt, prominent in Washington. social and governmental ¢ S. President Wilson was re-elected to the presidency in November, 1916. ‘The remainder of his official career is: in- separately linked. with. the; history \ of the United States in the great war. Almost two. years: later-to a day, from the time of his to Germany which held that govern- went to. a “strict. accountability”: for the.safety ‘an ships and lives, on Febru 5 7 President. Wilson severed diplomatic relations with Ger- many and dismissed Count) Von Bern- storff, German umbassador to ‘this country, 1917 he asked, Congress. to sending the note | |] April declare ate of war existing be- | tween. this. country. and Gerniany and four days later war was declared. De- cember: 1917 found this country at war with ‘Austria and: the: following month ' president Wilson: proclaimed his ‘‘four- ‘teen points” as ‘the’ basis of ‘peace terms with Germany and Austria, The ‘armistice Was signed in‘Novem- her 1918 and. the following ‘month President Wilson‘sailed for Europe as tue head of the American peace delega- tion, returning to the United Statts in February 4919 for a short stay after which he:dgain sailed to France where he remained yntil July working on the peace terms’ and the league of, na- tings, Help Your Digestion eteeg KI-MoIDS Dissolve easily on tongue—se pleasant to take ag candy, Keep your stomach sweet, try Ki-meids ) . MADE.BY SCOTT. A.BOWNE MAKERS. OF scoTTs EMULSIO! - YOU NEED NO SUFFER FROM CATARRH But You Must Drive It Out of Your Blood. Catarrh ‘is annoyi.g enough when it chokes up your nostrils and air passages, catising difficult breathing and oth discomforts. Real danger comes when it reaches down into your Inngs. Thi why vou chould at onge importance of the prop- er treatment. and nu time ex- \AS'A PROFESSOR ith verimenting thless_reme~ dies which touch only the surface. To be.rid of Catarrh, you must drive the disease germs out of your blood. : Splendid results have heen ‘re- ported from the use of S. S. S, which acts on the catarrh germs in.the blood. s p If you wish medical advice.as to the treatment of your own indi. vidual case, write to Chief Medical Adviser, 42 Swift Specific Co, Ate lanta, Ga. 5 AL the process of financing the war debt in such a way as to avoid the necessi- ty for great refunding operations, by spreading maturities and meeting them, so far as may be, out of tax receipts. Incorporated banks and trust companies which are not quali- fied depositaries are urged to become such in order that they like . others, may participate in:‘the temporary de- posits growing out of these issues. “The patriotic, loyal/’and enlightened support which the banking institutions of the country. gave to the Treasury during the darkest days of the war and continued through ‘the perhaps more difficult: period after the cessa- tion of hostilities, when’ war: expen- ditures were at’ their peak, justified the Treasury in addressing to them this eonfident’ appeal now. that the turn of the tide has come. “Cordially. yours, “(signed)* CARTER GLASS.” SQUEEZED TO DEATH ‘When the body begins to stiffen and movement becomes painful it is usually an ‘indication that tho kidneys are out-of order. Keep these organs “healthy: by taking (The world’s standard remedy for kidney, iver, bladder “and uric acid troubles. Famous since 1696.. 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