The Bismarck Tribune Newspaper, October 3, 1919, Page 3

FRIDAY, OCT. 3, 1919... 7 wea KING OF SIAM WILL VISIT AMERICA Witenes, cor _ ,, BANGKOK.—Joining the stampede of European royalty to visit the United States, the king of Siam has announced that he will include America in a tour of allied countries in the spring. Siam was early and active in the war against Germany. TOWNLEY’S FAVORITE | Whole banking establishment of North Dakota might have been alfectedl.” FORM OF COLLATERAL | HAGEN 18 FAVORR: HAGEN IS FAVORED IS NOT ACCEPTABLE] President H. G. Hagen of the Sean- es dinavian-American bank has been i jpopular with the present administri- (Continued from Page One) tion. Some time ago he was favo contended, was clearly a_-viola- cunts fa ot A nes 's xaminer. Later tion of the law governing the de-| Governor Frazier named hima mem- posit of state funds. How much jber of the state depositors’ guaranty of this $66,157.98 the Scandi- | fund. navian-American, Spank is agtill NOB, Dakota, agricultureal college. carrying is not known, but it is| MORRIS MAKES STATEME presumed that there has been lit-!,, St, reuse ree Bou i : 3 aa editor 0! ies _ change in this balance; in der of St. Paul, official organ o! which event the amount of pub- | National Nonpartisan league, issued a lic funds for which the Fargo in- |Statement here today regarding the stitution is responsible might be ing of the Scandinavtan-American swelled to $300,000 « of Fargo yesterday inewhich he STATE GUA ‘TY FUND HIT _ The _Seandinay jan-American bank e officials on the grounds of con- liabilities in its last report were placed to wreck the bank for political at about $1,500,000, The report upon Purposes.” f which the banking board yesterday , DEFENDS THE BANK closed ‘the doors -of : its, institution! 24" Mouris th his statement says: : Sig The Scandinayian-American bank would indicate that more thin $734,000 has been meeting all its obligations in of the bank’s assets are represented by the course of regular business excess loans—loans which exceeded ¢Ven 2 suspicion of unsoundne: the Jegal lit of 15 percent of the eae en ay risa Lanne Who bank's capital and surplus of $60,000, Constitute a majority ¢ he banking which would be $9,000, to an individual beard of North Dakota and : - borrower. A large proportion of these emles of the Nonpartisan leas loans is alleged in the bank examiners’ med the plot to close the bank some reports to be secured by not post ks ago. dated checks and’ similar collateral _ “They sent the bank which the examiners do not consider (or ‘Ollicers of the bank state they ex- pect to start proceedings against the uniner, O, TF vestigate a company which desires ‘to ply | to Major James} He is also treasurer of the} Lofthus, to Florida, supposedly to in- \§ sell stock in North Dakota. In his ab- sence they secured an order from Lof- thus’ office permitting one of the de- puty bank examiners to investigate a trust company at Fargo, They had the deputy bank examiner and assis- tants to Mr, Langer make a hurrieil examination of the-, accounts of the Scandinavian-American bank, The re- port was hastily drawn up and read at the banking board meeting Wednes- day. HALL AND LANGER “PLOTTERS “The report alleged that .the bank was making loans to individual bor- towers in excess of the limit allowcl by law.” The character of the paper and securities in the bank Was noi questioned, Langer and Hall proceeded to railroad through the banking boar. an order closing the bank and appoin:- ing temporary receiver and to start proceedings to cancel the banks chat- ter, “The league has been doing a large part of its business through — this bank, and the bank has made large loans to the league and its subsidary organizations, all, however, secured hy collateral double in value to the lo made. When I left. Bismarck yester- day it‘ was expected that the banx would be reopened within a week or ten days!” TRY OUR SERVICE COAL—and all kinds of it on track at prices ‘that are reason- able. Order a load—save hand- ing thru bins—it’s cheaper. We have on track several cars of Wyoming Lump, Bear Creek Egg and Lump.—F. H. -Carpenter Lumber Co. Phone 115. 700 LATE TO CLASSIFY J be. \ a 5 40: e furnished front roor 6th St. 0-3-3 GUSSNER’S ——SPECIALS Grocery Department Just received a carload of very fine Eating and Cook- ing Apples—Per box— $2.60 ™ Don’t miss this bargain op- portunity as the price and quality will make them go fast. White House Coffee—65c value, at, Der Des ee cas scassiert 58c ig Raisins—Per package ........ 1 5 Cc pel Olive Soap — 15c value at sete 1 1 Cc Coffee—Gussner’s Special, 60c value, 52c BUR Soa Sete alah la's Frank’s Soups — Beef or Chicken, 15c Value@nat.iiaces cece 9 Cc Frank’s Meat Treats—A luncheon dainty, 15e value, at....... 9c Meat Department Pot Roast—Best grade, per lb. ... 22c Pienic Hams— Per pound ...... 2 2 Cc i} | gilt-edge. , If any cohsiderable actual shortage develops as a result of the thorough vestigation which is now being mule Is, Haldorson, as tempor: it is propable that the state's depositors’ guaranty fund, which wii aggregate something more than $200, 000 when assessments ley last July are all turned in, will be wiped out. f There is already a-tentative charge of $90,000 against this fund as.a r of the Jud State bank's alleged w ing at the hands of its president and § cashier, reported last summer. Even should the Jud bank affairs be so at- § justed that no drain on the state bank depositors’ guaranty fund will be found neces: vy, any shortage at Fai- G go-greatly in 200,000 would fy necessitate a s 1 assessment on th? 700 state banks which participate in wy this fund. i THE HARDEST BLOW i The state banks will receive their hardest blow, from the action of cite banking board this morning in ordering out of these institutions all post-datel Canned Corn, No. 4 5 checks carried as collateral for, loans. [ 2 size, 3 for ..... Cc It is Said that a large percentage of tha f a i state banks hold such collateral. It Canned Tomatoes, No. 3 has been @ common practice among fg S!2® scans“ 45c league organizers, salesmen of Consura- ff TOD perecesrcvonelensencey ge er’s United Stores Company,.. League ff Instant Tapioca, per package ..... Pechanke and Townley. bank stock, it is said, to accept post dated checks, hi x Lenox Soap, 50 9 bars. ....... . Cc Canned Pumpkin, which have been ‘hawked at ‘local size cans, banks, usually at a liberal discount, in order to secure jpeady cash. State § Bator ee ecies o's 45c Virginia Dare Wine, “‘me- banks which have bought this paper with a view to realizing big profits dium size i 50 bottle ........0 QUC Virginia Dare Wine, large will be disappointed, as a result of.’ bot 85 bottle “si Sct. ie Cc the banking board’s action today, and Fresh - Dressed: Spring | these post-dated notes must be im- mediately iced With cash to the § Chicken—Lamb— Calf Liver amount of the bank’s: investment in Rib Boiling, such paper. per pound....... 16c UNWHOLESOME: SITUTION “The banking board’s action. will Beef Liver, 1. 4 “ per pound ...... Cc bring to light an unwholesome ‘condi- “e | Phone 83-—Will Connect You With All Departments Quality—Service—Sanitary Fourth St. Bismarck Make a Dollar Worth One Dollar and Forty Cents SATURDAY SPECIALS\ 4 \ EXTRA SPECIAL! Tokay Grapes, per basket ...... 80c tion which was bound to come to the surface sooner or later,” said an ex ecutive of the North Dakota Banke association today. “It is to be regr ted that such action has proved neces: Bary. It will unquestionably give our state a ‘black eye.’ But so lng as buch a condition has existed it is het- , ter that it be corrected now, Mine AG can be YY =GeN ep heayel, "Tather that to warrant tire ¥ Boiling or Stew A HW Meat—Per Ib. ... 18c Kidney Suet—For general poe 12%c .18c¢ Veal Stew— Per lb. ... Shoulder Veal Roast or Steak—Per 4 pound .......655 25c Loin Veal Steak or Roast—Per lb. ... 30c Pork Sausage — Link or loose, per pound .......... 25c Breakfast Bacon —Per lb. " 40c (By the Strip) ~ Roast of Pork— Per pound ...... 34c Loin of Pork—Chops, Etc., at, per pound .......... 34c choker “A ree ee fin- est selected Pork, per Ib. Oe Weiner Sausage—Our own | make, per pound 2oe she uae made aily, per pound .. 2c Fe Head Cheese and Liver Sausage— Per Ib. =. 20¢ an BAe ee Ne 30 [ o WE-SELL CALUMET BAKING POWDER Phone 60. 310, Main St. #13 pounds for # Rib Roast—The best stand- Old and Young Chickens— ‘B Ham—Star Brand, ; select, per Ib. ... 40c A KNOWING ‘NOTHING ABOUT LIBRARIES IS QUALIFICATION “DR.” C. E. Stangeland Reveals Why He Is, Drawing $300 per Month “T don’t know. anything about run- ning a library,” said Dr. Charles Enil Stangaland, A, By A, Ph, D,, the Non-Partisan league lit light who been in command in the state lib- rary for the past month. The admission was made in the} presence of two or three parties i at the statement was directed to Charles} PHONE 176 \ Per pound .............5.. BEEF — PORK — Jumble Pack Wealthies at a real Bl per DOX ..... cee eee eee eee eee Choice Small Oranges, 2 dozen for Bananas, §| Honey Dew Melons, each Tokay Grapes. per basket. 3.0.0. oe Marango Sweet L to any 60c brand, per pound 3 pounds for, if a0. : We are again selling Home but if you are indifferent and DOHN’ SATURDAY SPECIALS Fresh Killed Fowl SPRING CHICKENS Extra Fancy Roasting Chicken: DOHN’S—100 Pct. Sanitary Meat Market Brown & Geierman, Grocers —_= ___SPECIALS Just Received a ‘Car of Apples at a Real Price Fancy Wealthies, Wolf Rivers and Alexanders, A PerDOX eas. ee aero eee per dozen 10... 0. cece eee e eens VEGETABLES————— li Hubbard Squash, Sweet Potatoes, Cauliflower, Leaf Lettuce, Green Onions and Citron. PURE HIGH TEST SWEET CREAM | PURE HIGH TEST’SWEET MILK | aca Richholt’s Cash =< Carry (Fhe 31] Grocery [7th & Thayer WE APPRECIATE YOUR TRADE ~ SATURDAY SPECIALS @/ THREE STRIPE COFFEE—Equal KARO KORN SYRUP—One gallon es 85c eter... £00 CORN—Very fine, ab-....... Bath 15c fOr vo caucus aces ® 42c Or 3 cans : own make. SURE!" WE: SELL’ CALUMET BAKING POWDER BLAME -YOURSELF—If you pay too. much for your gro- ceries. This store offers you the opportunity to buy right prices, you can not expect to enjoy the saving that careful “buyers at this store enjoy. Try us tomorfow.” ~ : Leissman, executive secretary of tat board of administration. In the face of this statement, it is Interesting to note that Stangaland, who, was relieved from the United Stafes consular service because Of lis’ radicalism, is actively engaged in mak- | ing a survey of the libraries of the institutions of state with the idea of, making recommendations at the close of his survey, CASTORIA For Infants and Children In Use For Over 30 Years \lways bears CMU iba the Signatur: of leds Exclusive Meat Shop 512 BROADWAY Pap ds 32c MUTTON — VEAL Quality Groceries at Prices That Talk Successor to bargain, rove DAIRY PRODUCTS Made Bakery Goods of our careless, and pay credit store [— LOGAN'S “We Thank You” SUGAR SITUATION To correct an impression that there is lots of Sugar, we are given approximately 200 pounds a week and we are asking our customers to restrict themselves to one pound to a family a week. When possible to give more we are glad to do it, but in order to give all our customers a little we must be very careful. Latest reports say it will be December Ist: before present sugar situation is adjusted. Apples Apples Apples Just received a car. Price is right and quality good. Buy a box now. Concord Grapes———Tokay Grapes Quality never better and price is right. Richelieu Jams Arrived Raspberry —— Strawberry —— Apricot and Pineapple—Special Cantaloupe Something real nice and pleasing. National Biscuit Cookies Fresh today and taste mighty good to have sweets. Try a pound with your order. ‘ Premium Cubes of Crackers—The finest Crackers on the market. Put up in 6 and 7-lb. boxes, Bt Per De ee edaectel wekodik oe on AOE 2 1 Cc Both Phones 211. 118 Third St. Saturday Deliveries—9 and 10:30 A. M.; 2:30-4:30 P. M. Last delivery on weck days at 4:00 P. M. Pure, unadulterated foods always, are what you may expect here. It’s the precautions we take against adulterated and impure foods that make housekeepers feel safe in trading with us. Back of this care are the lowest prices consistent with the quality we maintain. We solicit an opportunity to please. you. WE HAVE 1° You Can Bake Better Bread and More Bread if you use Climax Floux. It is Guaranteed by the Rus- sell-Miller Milling Company to make your bread—cake, biscuit and pastry BETTER, and make more of it to every sack. Try a sack of CLIMAX FLOUR. Sold by all grocers. RUSSELL-MILLER MILLING CO. : BISMARCK, N.D. 2 =