The Bismarck Tribune Newspaper, October 3, 1919, Page 4

seamen fOr hues BISMARCK DAILY TRIBUNE : aa ie THE B! SM ARCK TRIBUNE une favored clients who are charged with having ; —_——_______________~__~ {had the use of the Scandinavian-American deposi- Bitered af fhe Poskotties, penarel N. Da as Becond) tors’ money: without having provided proper i" pouetes we Cee security therefor. MONTH AT TIM eee Foreign Representatives The integrity of the state banking department, t L oe LOGAN RAYS) COMPANT, | r of the state government; the financial stability of i Marquette Bidg. el ier Space Kresge Bldg.|the entire commonwealth is concerned! North Petersen Spent $500 for Medi- x ax? YNE, BURNS AND SMITH Ave. Bids. Dakota has more than 700 state banks, every one cines That Did Him No™ { NEW 108K. cern OF ASSOCIATED PRESS of which under the depositors’ guaranty act is Good—Restored by CaN at EN) The Associated Press is exclusively entitled to the wse|liable for its proportion of any loss which may T: : mace : ‘ 7 ‘anlac ' tor Cea ead cresiited sto°dk oeinos a sriteey result to depositors from Scandinavian-American } herein. each banking methods. The farmer stockholders in “J have spent over five hundred dol- All rights of publication of special dispatches Kereim are . ‘ edie! fiy: ; San rostral. these banks have a right to expect from Mr. Le tee ee ig ntietonti thie jl MEMBER AUDIT BUREAU OF CIRCULATION BUBSCRIPTION RATES PAYABLE IN ADVANCE Daily by carrier, per year..... sees $7.20 by mail, per year (In Bismar. Daily by mail, per year (In state outsi ily by mail outside of North Dakota THE STATE’S OLDEST NEWSP: (Established 1878) E> ——— THE SCANDINAVIAN-AMERICAN BANK SCANDAL Governor Frazier advised The Tribune this morning that he had “nothing to say” in relation to the state banking board’s action in closing the Scandinavian-American bank. Not exactly a suggestion that “the public be damned,” but an attitude which might be so inter- preted by an unsympathetic public, and the pub- lic, after digesting the report which Governor Frazier’s own bank examiners presented to the state banking board yesterday, is inclined to be unsympathetic. * * * * The public has a right to expect from Governor Frazier something more than silence. The public is entitled to an explanatibn from Mr. Frazier of his negative vote on the closing of the Scandinavian-American bank Thursday. The governor undoubtedly had some reason for voting “No” on the motion made by Attorney General Langer that the doors of the Scandinavian-Ameri- can bank be closed, and that a temporary receiver be placed in charge to protect the interests of the depositors. In whose interests was Governor Frazier act- ing when he voted “No”? Did he have in mind the fortunes and savings which depositors had entrusted to the care of the Scandinavian-Ameri- can bank, or was some other consideration upper- most in his mind? These are questions that the people of North Dakota in all courtesy and with all due respect have a perfect right to ask Mr. Frazier, who is chairman of the state banking board and their chief executive. * * * * P. E. Haldorson and O. A. Engemoen, who ex- amined the Scandinavian-American bank and upon whose report the state banking board acted Thurs- day, are, we believe, appointees of former State Examiner J. R. Waters. There would seem to be every reason why Governor Frazier should impose confidence in their ability and integrity. It was P. E. Haldorson whom Major Waters selected for Frazier a full and frank statement of his reasons for desiring the Scandinavian-American bank to continue under the management which has brought it to its present state. More than a quarter of a million in public funds are on deposit with the Scandinavian-American bank. Almost $180,000 of these are city and county funds and moneys appropriated to the use of the agricultural college. There is probably $100,000 of the Bank of North Dakota funds on deposit with the Scandinavian-American. The taxpayers to whom this money belongs and upon whom any loss would fall have a right to expect from Mr. Frazier a statement of some kind which will explain where he stands. * * * * Banking with scraps of paper cannot go on for- ever. No one banking institution can finance ex- travagant tastes reputed to Mr. Townley and his huge following of Boxes and Brintons and Hast- ings. If the Scandinavian-American bank has at- tempted to do this and has failed Governor Frazier should be the last person in North Dakota to seek to shield the bank and its officers from the conse- quences of their acts. * * * * Governor Frazier has a high personal regard for President Hagen of the Scandinavian-Ameri- can bank. He recently appointed Mr. Hagen to be a member of the state bank depositors’ guaranty commission. Mr. Hagen is also treasurer of the| North Dakota Agricultural college, which is all! the more reason for a complete and impartial | investigation of the affairs of the banking institu-| tion which he heads. | The Tribune believes criticism of the Scan-| dinavian-American bank and its methods had! reached Governor Frazier’s ears before Thursday. | Tf our chief executive was deaf to these com- | plaints; if he persisted in remaining blind to such} conditions as the bank examiners’ report tends to disclose, then for this reason, if for no other, the! governor owes to his constituents and his friends an explanation of his conduct. | If Mr. Frazier has proof that the bank is sol-} vent and its closing unwarranted he owes it to the} bank and the state to make these facts public} without further delay. | eee ep | WITH THE EDITORS pie TRYING IT OUT Eighty-nine persons have been employed by THE BROTHERS GED SRERIC &. e N.E. A. Special to The Tribune. 1 DES RULE BRITAIN IN FACE OF GREAT SiR AUCKLAIVD Ss the brothers are foemen worthy of that has done me any good at all,” said P, F. Petersen, a well known fireman who is employed at the Milwaukee Novelty Dye Works, and who lives at 1557 Third Street, Milwaukee, the other day. “T had about made all arrangements to be. operated on,” continued Mc. Petersen, “and after reading so much about Tanlac, I decided to postpone the operation and give this medicine a trial. I had suffered so! long from stomach trouble without getting any relief, that I was finally told that an had yeached the point where I would have terrible cramping spells in less than thirty minutes after every meal. I would often almost lose my breath on account of gas forming so bad, an the misery I suffered from headaches will never be known to anybody except myself. This trouble just gradually got worse all the time until I got to where I couldn’t retain anything I ate —not even a glass of milk. I never slept well, in fact, there were many nights when I just had to walk the floor all night long and not sleep a wink. I was So nervous at times that I couldn't stand to have anybody talk to me, I finally got to where I coutd hardly get about, and would be laid up for a month at a time. “Well, as I have already said I took Tanlac as a last resort before’submit- ting to an operation, and I am mighly glad I did, for it overcame my troubles, and I am now a sound, well man again without having to go under the knife. You may belive it or not, but it’s the truth if I ever told it, I hayn’t had a pain of any kind since I finished my first bottle of Tanlac, and I can sit down now and eat a big, square meal and it never causes me the least bit of trouble afterwards. I have gainel ten pounds already and am back at my work and never lose a minutes time. A hard days work doesn’t hurt m», either, for I just hustle home and up and eat as hearty supper as a body, and go to bed and stretch ou and sleep like a school boy all nig . Those headaches and smother am in a fine condition In every way, and. I'll tell ‘the world that Tanlac is responsible for it all.” Tanlac is sold in Bismarck by Jos. Breslow, in Driscoll by N. D. and J. H. Barrette, in Wing by H. B. Homan. Advt. acteristic dresses is: A forepart white satin, embroidered very fair with borders of the sun, moon other signs and planets of Venice; gold, silver and. silk of, sundry, colors, with an embroidered border of beasts beneath. She carried a fan with while feathers and with a golden handle svt with precious stones. Her _ slippers were made of cloth of silver embroid- ered With seed pearls, She wore a parasol of crimson velvet damask, striped with Venetian gold‘ and silver Jace, With a handle of mother-of-pearl. operation was the only thing left. I” the most delicate task of examining Mr. Townley’s|the state administration since the legislature ad- Bere ck Bane driving force ‘steel of labor's brightest. Phone 75—City Fuel eigen league ne : Valley Se and what-| journed aggregating salaries of over $185,000 per], este! € Dower of Sir AUK selieved to be the genius and woes! Working with the Brothers Geddes Co., for Medora Coal. T ever else there may have been in the way of criti-| year, Averaging these up will give one a salary of| These are the elements again: expressed that the world has not is Sir Robert Horne, minister of labo:, i cism as a result of this examination, no one essayed to attack Mr. Haldorson’s report or the manner in which he did his work. It is reasonable to suppose that Mr. Frazier’s own deputy bank examiners were acting in good faith when they made to him, as chairman of the state banking board, the following recommenda- tions in their report yesterday. “Beyond any question of a doubt, from the condition above described and for the reasons contained in this report, we are of the opinion that the Scandinavian-Ameri- can bank of Fargo is insolvent. We do not attempt at this time to place the entire re- sponsibility for this condition. The condi- tion of the loans, however, is too apparent, to warrant other conclusions. We do not believe that the protection to which the de- positors of the bank are entitled could jus- Valley City Times-Record. pas) 17 then, he's in the early 40's ms tify a continuation of business. WE ARE Hole pried Ja a Carneaie piling THOROUGHLY CONVINCED THAT THE AMERICA’S SHAME from switchmen to stationmaster, Te The shocking mob outbreak in Omaha is sim-|StudJed sugar growing in Ceylon, ONLY WAY IN WHICH THE VAST IN- $2342 per year or about $500 a year more than | you are paying your county officials. Is it any wonder that the state is hard pressed to pay sal- aries or that they have to increase tax levies and | raise your taxes in order to meet these enormous; expenses. Most of this expense in our judgment | at least is unnecessary because so many jobs have} been created that were not necessary. Among the list of beneficiaries of this new day are Mr. and Mrs. N. C. Macdonald who drag down $5,500 be- tween them thus wiping out all danger of suffer- ing from the high cost of living. N.C. pulls down| $3,000 and Mrs. N. C. pulls down $2,500. Rather| soft for these two, don’t you think? Oh, no, taxes won’t increase any, they say, or at least hardly any. Oh, boy, wait until you get your statement from the county treasurer, that will make you sit up and take notice. But they want to try it out— ply another sign that America needs a house- which the British rail strike leade are now matching their wits, Premier David Lloyd George put) into the hands of Sir Eric, minister of tation, full power t al witn! rs or handle the situation a; he sees fit. And Sir Eric has let it be! known that every force back of the) government will be employed if nec: sary. even to the army, to break the strike. But Sir Eric has enlisted as his, first aide his brother, who is secretary of the British Board of Trade. Si Auckland is an excellent speaker an analytic ming and a_persua tongue. When conciliation is the order of the day. it is Sir Auckland who wil) do the talking, y The Prothers Geddes are sons of 2 Scotch engineer, who was sent out to India to build bridges. Eric was born in Agra. He studied | Jaw but didn’t like it. and when his father insisted. jwent aboard a liner) and worked his way to America, He} forestry in India. Back in England, he n included the ng qualities, Perhaps the handling of the who tried his best, but tried in vain. to will determine which has avert the struggle that now is being waged. LISTEN, FAIR LADIES, TO WHAT QUEEN London.—An inyentéry of the ward- robe of Queen Elizabeth has just been discovered in London. In would make a movie queen green with envy. A list-of her clothing at one.. time 99 robes, 126 kirtles, 269 gowns, 136 foreparts, 125 petticoats, 96 ks, 85 doubtlets, 93 safeguards aud 18 lap mantles. EVERETT TRUE WHAT Do You MBAN BY PUSHING THE CORK DOWN INTO THE KETCHUP LIZ WORE, THEN GO: DIE OF JEALOUSY Designers fashioned her gowns from the richest materials, including gold tissue, crimson satin, ¢loth of gold, cloth of silver, white velvet, drake-col- ored satin, dove-colored velvet, lady blush satin and mantles of white plush triped with swan’s down. She had all of these kinds and many more. A description of one of her,, char- BY CONDO wee, L TRICD To PULL IT ouT, BUT T CoVLDN'T ANTHONY DAIRY LUNCH A Modern Up-to-the-Minute Sanitary Lunch Room NEW ELKS BLOCK Opposite Western Sales Co. TERESTS OF THE BANK AND ITS PATRONS MAY BE SERVED IS BY CLOSING ITS DOORS FROM FURTHER grew to a high post with the London & Northeastern. In the course of th? war he became director general of rali- ways, Then he became first lord of cleaning. The North twits the South about its mob troubles, but it never gets fairly started at Cor. 7th & Main St. BUSINESS WITH THE PUBLIC UNTIL __ |it before a northern mob outdoes the last southern |‘ admiralty witb control cH Britains re Bismarck rae ey THESE OBJECTIONABLE CONDITIONS _| outbreak in blind ferocity. aa Oe AGRO RT Coa Missouri Valley Motor ! ARE RECTIFIED. Something is wrong where mobs take the law], Auckland Geddes was a college pro- Company “UNDER THE PRESENT MANAGE- MENT AND UNDER THE PRESENT into their own hands and the law is impotent to control them. If mobs act in such cases as these, fessor hefore he became British minis- ter for national service and recongtruc- tion and then head of the Board of Trade. He was professor of anatomy R. B, LOUBEK, General Manager The House With a Variety to CONDITIONS NO OTHER MEANS IS presently they will learn to act in others. If|at Mccill University, Montreal, in poe Byery Posaile De { AVAILABLE IN OUR OPINION AT THE _| America does not want to substitute mob rule for| 1914. He enlisted asa private and SELES ein f was wounded at Mons and sent back CHEVROLET - HUPMOBILE 4 PRESENT TIME, AND OUR RECOM- MENDATIONS ARE MADE IN ACCORD- the reign of law, it will have to take steps that will make mob action so unhealthy that nobody to England. Given a job, he soon rose to the post where, through him was HUDSON — ESSEX . 3 requisitioned all the man power of 1 OSE | and PAIGE. M ANCE HEREWITH.” will undertake it. Eneland for the perfod of the ‘war. Rie XouU ye ACCESSORIES Re Sure a Lhe a ee A mob is a mindless, soulless monster, made up| ,,, 2 clean ent, keen ved, 9 clean CUT HOLES IN Distributors for Attorney General Langer and Secretary ‘of q State Hall voted to comply with these recommen- dations. Governor Frazier voted to reject them. wholly of blind passion, Reason is not in it, nor is there any limit to what it may do once it starts. Though made up of ordinary men, it saps their IN UR SMITH FORM-A-TRUCK A-8-in-1-time-and-money Saver Expert Attention Prolongs the Life of Car Attorney General Langer and Secretary of State|Sanity and makes beasts of them. ‘It is the child Nish Hall acted on the most competent advice available | Of disrespect for law; and it is growing in a coun- Mc ine KELLY SPRINGFIELD for the protection of the bank, its stockholders | try that could not endure twenty-four hours with- ora ea an dits depositors. Governor Frazier declines to| ut the stabilizing influence of respected law. ee You iy yes PENNSY. voTe state any grounds for his action. i Terrorism is the mob’s weapon. Fear is its GAS Fs cus otk Marna Cochengedeh Our Paintin; ears wi th ee ee only cure. There will be mobs and mob outbreaks best in the Northwest. Let ‘us “This is not a private matter between Mr. Fra- zier and Mr. Townley and Mr. Hagen and Job Brin- ton and the Consumers’ United Stores Co. and the National Nonpartisan league and the League Ex- change and the Publishers’ Service Bureau and the until some day there is a legal wholesale hanging of men who have surrendered their will to the mob spirit and let it make beasts of them. And unless America wants to see every petty griev- | Hurley’s Orchestra Playing the Latest Dance Hits—Any Size Orchestra ance handled by Judge Lynch, it will start that nging ers bee Furnished. 514 8th St. ‘Phone 130K make you an estimate, . BATTERY DEPARTMENT PRESTO-LIGHT ) BATTERIES AND PARTS Batteries tested without charge, re- charging, repairing, rel 4 PHONE 234