The Bismarck Tribune Newspaper, July 16, 1920, Page 3

nS 5 a | | = FRIDAY, JULY 16, 1920 | “Tonight, * - William Russell’ SINGS “TWINS of SUFFERING CREEK” . living depended on a poker of fate?’ TT Fa life ‘or.death stacked the cards? 4 Lr I's chance of e win the pot hand. Did HOOT. GIBSON in “Rearin Dan” ~~ A Westeri full of Action and Thrills. If you like: Westerns don’t fail to see this double bill ‘Tonight ee GERMANS DELAY ACCEPTANCE OF —-MAPREQUESTS Spa, Belgium,.. July: 16.—The' Ger- | man delegates at the. - centerence here have agreed in principle witn the terms submitted to, them by the allies, asi to German’s deliveries. of coal, but,.will;ask for the explana- tion of certain articles in. the allied note. They made this announcement just before entering into. conference with the, aled ministers tuis after- noon. The German. delegation had sent word ito the supreme ‘council js momifg that the German. reply to the allied ultimatum and coal deliv: | eries would not be, ready hefore 4j o clock. this afternoon, ’ The Germans “Are makin; are expected to ask modificationof. the terms, of the protocol. TWO N. P. TRAINS ARE-NOW RUNNING IN TWO SECTIONS Two .Northern Pacific trains are now. being run in i Sections, through Bismarck..Numyer one whicn arrives. in, Bismarck from St. Pay) at 11:05 a.m. and number four arriy- ing in Bismarck at 7:37 p. m. are the trains. The first section of each train -consits, of the regular postal, express: id! baggage cars with day coach dinners,, pullmiais and. ob servation ears. The second sections are ¢cqmposed, of day coaches, pull- mans, dinner. and observation cars. ALASKA FEYERS - RESUME JOURNEY |. Brie, -Pa., July 16:—The three army airplanes.-which arriyed here last j right in their flight from Mineola to Alaska were being groomed prepara: tory to resuming their flight late in the day. Their next stop will be Grand Rapids, Mich. z a great effort to keep prices. down The Home of Quality Merchandise | Phone 60 ae Order Early—Get the 310 Main St. >> Phone 60. Habit of Thrift—Or- der Ear: 3 GROCERY- DEPARTMENT ; Strictly Fresh-Eggs,: , dozen : Gussner’s special coffee, per pound ‘ Richelieu Jam, all flavors, 1-Ib: glass jars, eath ... 80 to 90. prunes, per pound Rhubarb, ;* per pound Bulk Sauerkraut, per quart ns Light breakfast, bacon, = per pound é || well informed, progressive banker. FINDS BANKS, | ATTITUDE HITS | AUTO TRDUSTRY, Lee ‘Cushon of Hupp Corpora- ie jtion Declares Motor Business Not Getting Square Deal | CIFES GENERAL CONDITION | Solution Lies/He Said, in, Policy of Financial Men Toward \ Business Lee Cuson, district managér bf the | Hupp Motor Car corperation, is in the rcity conferring with Carl Pederson, local Hupp distributor. Mr. Cuson is+- going over’ the northwest. in the inte ests: of the automobile industry pay- special attention: to. the attitude Lot banks toward financing the truck amd passenger automobile: busin White in the'city he conterrgd with other distributors among whom were R. B. Loubek of the Loubek Motor company, and“d. C. Anderson of the Jahr Metor Sales_company. “We ane confronted,” he said, “with an unfair discrimination on the part of the banks in financing the automo- ile industry. There has been a cessa- tion of business because of the reluct- ance of banks to care for the legiti- mate needs of the industry. The Hupp Motor Car corporatibn is sending to all distributors and dea)- ars the ‘following circular letter con- iaining an, editorial from the Charlotte Observer of Charlotte, North Caro- lina, which, Mr. Cuson states sets forth the situatio: al “Vive la deflation—Raus mit der au- tomobile!| Such appears to be’the gen- eral import of a- battle cry which is reported being raised at this time by some bankers, well intentioned, we as- sume, but misguided, it would appear in the light of its, ultimate effects. To this type of banker inflation and the 1utomobile industry seém to be synon-. omous. Deflation to them, it would seam, means kicking the stuffing out ‘of the: country’s second largest indus- try. “There is some stuffing, there; no- body denies that. ‘The. business exe- fcuttves of the industry readily admit as much, as will the heads of the steel, textile and a number of other indus- But it is rather surprising that ane man, much ‘less/a bank of- 1 should think all the stuffing is there. In fact, it is a question wheth- ar the automobile industry contains any disproportionate share of the in- flation. “The automotive industry, however, shows a disposition readily to plead guilty to its share in the general in- Hation and equally ready to bear its pro. rata. burden in the general read- justment and purging which must come. That jt should, however, be con- signed to the category of non-essen- tials and. made the target for a nation- wide banking onslaught, it seems to us, is certain to wreak ifreparable in- ry upon the commercial balance of ave country. / i 2 he automotive industry’has noth- ing to fear from. the. broad-guaged, It is from those handlers of the financial reins who have acquainted themselves with neither the magnitude nor the utilitarian character of the industr, that harm is likely to’come, Bite Attitude of Banks “Last week while the cashier of the} ens Bank of Squaskhtown was:call- ing in all outstanding, paper against John, Smith, the local autcmobile deal- er, J. P. Morgan & Co., was consum- mating the acquistion of a huge block of General Motors stock in a deal which aggregated. millions of dollars. Behold two somewhat divergent pol- i Here is the Squashtown bank- a frenzy to get his out,, while his. New York confrere is in an equal hur- ry to get his in—and in k,, Some- body is wrong. Here are a few things. that J. P. Morgan & Co. know: “That there are approximately 7,- 500,000 motor vehicles registered in the . that last year the total output of passenger cars aggregated 1,657,- 052, representing a value of $1,461,- 785,925, that during the same length of time there were 314,364 motor trucks tured with a valuation of $423,326,621; that the total investment in automobile manifactturing plants is $1,015,443,328, with an approximate- ly equal sum invested in the establish- ments distributing the manufactured er ‘| output; that the parts, tire and acces- Medium heavy breakfast bacon, per pound Boiling or Stews per pound .... Pot Roast,. per pound. Regular, Roast, per pound .. oe Fresh Salted ‘corned Beef, very fine, , per pound . PORK ‘CUTS — Pork Shoulder, Roast or Steak, ” per pound ........ Pork Ham Roast or Steak, _per pound’...... Pure open kettle rendered lard, per pound .............. Head Cheese, Liver Sausage, Blood ‘Sausage, per pound | ‘Try. bur Sausage made fresh daily by experts DO NOT FAIL TO:‘TAKE ADVANTAGE OF THE ABOVE _ ITEMS AS THEY ARE ESPECIAL BARGAINS AND GOODS. OF THE HIGHEST QUALITY A COMPLETE LINE OF FRESH VEGETABLES AT THE RIGHT PRICE sory business during the year 1920. antounted to $3,166,834,594 and that the: industry provides a livelihood for 5,000,000 people. They know further that carefully compiled statistics have shown that the average automobile purchaser is over 35 years of age, has more. than-$6,000 in real estate, has an. income of $275 per month, buys a $1,044 car, pays 44 per cent cash, pays 96 per-cent in ten montns and that his monthly payments average only 20 per cent of his income. ‘He knows something too, of the identity of this average automobile purchased. “He knows. that he is the contractor who kuses his machine inspecting work’ in (| many portions of the city, a single day. sufficing to do what formerly took a week. He is the baker who utilizes his: light truck from one end of the city to anather. He is the grocer’ whoge commercial car pays for itself while the grocer is paying for it. He is the farmer who uses his passengér car to teach the city; his truck to haul fertilizer one way and his crops tHe other and his tractor to cultivate his fields. He is the dairyman whose mot- or vehicles meet the morning trains. He is the rural mail carrier who cov- ers his route ina morning. He is the doctor whose passenger car permits of a wider radius of usefulness and a decreased rural'death rate. He is the average American citizen, stable enough to deserve credit, energetic enough to want it and progressive enough to. use it. Permanent Fixtare “All these things and many more regarding the industry, the well in- formed banker knows. It is this knowl- edge which makes for fair and consid- erate treatment of the successful auto- BISMARCK DAILY TRIBUNE of the finest moving produced. Ve TONIGHT hat article properly, he’ will’ receive credit~at the Hands of thinking ba It he deviates. trom: . business standards, he should: not. and: will not, receive credit» consideration at any bank. “The Squashtown cashier will have ed. First of. all he will a e can be no deflation until an end is put to, this promiscous buying of “meas. ure” opr He will probably call by name two or three automobiie owners of his town, who, to his personal knowledge, are not in a position to Purchase such a piece of property; neglecting: however, to call off three or four or five hundred others who are. If Squashtown be in the south, he (will most likely add that sii portion of automobile manufacturing plants: are in the north and: west, it means; that there is an unending ex- odus of southern shekels in these .di- rections. He fails to enumerate, How- ever, that 750,000 bales of southern cot ton go into automobile tire manuf: ture and millions more into cushion padding. Nor does he mention.the un- told yards of cotton cloth used in the manufacture of automobile. tops, upholstery, mats and carpets; of the southern hardwoods which enter in- to body construction, nor of southern leather in cushion coverings or south- ern. steel, in chassis construction. But the principal reason which He will give and will reiterate is that such curtail- ment of credit is necessary for reasons of “deflation.” The Solid-dealer “The Observer trusts. that the auto- motive industry of the piedmont sec- tion will find. no bankers’ of the Squashtown type in our section. Here, as elsewhere, there are perhaps firms engaged in the automobile busin who have built upon the shifting sands and have no valid claim to credit con- sideration.” This is the type of deal- er,.who rushed into what he called tne automobile “game” as men rushed. to -the:Klondyke in '98—and for the same reason. It looked like soft and corpu- lent pickings, Such firms. have noth- ing in. their, makeup which smacks of permanecy. They cannot hope to sur- vive even the mildest crises. No bank- er, paid to safeguard his depositor's money, couid conscientiously regard them as fit repositories for any por- tion, of it. \There is, however, another type and a tastly more numerous type of. dealer, (and. under’ this Gategory are included both passenger Car ayd truck, as well as accessory and sup- ply merchants,) whose investment in and conduct of his business, entitles him to at least equal consideration with any other successful merchant. The banker who, either by shutting down upon their firm credit, or refus- ing to loan money to-prospective pur- chasers of automobiles,. without. re- gard, to financial status and simply be- eause it, is to be expended upon an automobile, is, in his blindness, go- ing to do an irreparable injury not mobile dealer at his hands. He knows |only to the dealer but to the commer- that the article which he sells is a | permanent fixture in our business life. ‘So long as he conducts his business along proper lines and jerchandises cial development of the piedmont sec- tion, ee is conservatively estimated that the automotive business done out of Shar of Forbid various arguments should he be will-| s ce the greater | , COMI Another Magnificent Pioduetion will, ‘Eyes of Youth’n - plocbidden, Wore NN We take great pleasure in announcing what we believe to be one picture productions offered in the 1920, season—CLARA KIMBALL YOUNG in “THE. FORBIDDEN WOMAN,” from the famous book by Lenore J. Coffee. Here is at once the highest and most idealized form of moving, ‘ picture-entertainment. A brilliant beautiful actress;inarare Parisian love story, a picture gorgeously invested, magnificently, ~No actress. on screen surpasses CLARA KIMBALL YOUNG in brilliance of characterization, regal beauty, histrionic and in “THE FORBIDDEN WOMAN” you will see Miss Young at her zenith. During the run of this production we request. as early attendance as possible so that all who will wish to sce thiy elaborate and beautiful picture may do se, + _ Ew Eltinge | Special Music Score, Six biece Orchestra lity 5 —— TOMORROW J} ‘hariotte alone, during the year 1919 rageregated $65,000,000. This volume of business can he either. i | during the year 1920 or so badly ham- strung, that it will not assume such proportions again for a decade. The local banker. has the opportunity of g, in great part, which it shall R. W. DUTTON IS NEW SECRETARY OF ABSTRACTORS (The final ion of the North Da- kota Title asociation was. completed last night following the election. of s. A. W. Dennis, of Grand was re-elected president of the ciation George H. of whells, was chosen vi Dutton, of Bismare' tary and R. L, Phelps, of Steele, was chosen treasurer. It was decided that the state con- evention next year would be held. at ; will find revealed ;& ¥ in the green box of Nadine Face Powder They are secrots, which évery #) woman would golye—secrets.of 3. personal. charm: Ee The: secret: of a rose-petal com- H plexion— NA DINE’S-: gift, to womanhood. The. secret. of. lasting charm — charm. which. endures through- f out the day. 5 he The secret of skin-comfort— with never a@ hint of harm. To you, ag toa million others; % NADINE will reveal these intimate secrets. iy. > You can procure NADINE from your favorite toilet counter or. by: mail —£0c, NATIONAL TOILET. CO., Paris, Teaa., U.S. A. Cowan's: Drug ‘Store, Fin- old: by Breslow and ay’s' Drug Store, Jos, | others,” TT Minot. At this time ‘they did: not de- cidé upon the exact date ‘but it will be during the month of July, rican Bankers -Asociation rth Dakota members of the American Sankers association, the ‘Trust compapy section, the, Savings bank section, the National bank ses tion andthe State/bank section are all ; holding their meetings to elect offi- cers, ‘The two North Dakotd: bankers. who are officers. of the national : ‘iation are 1. A. Irish, of the First ‘ational bank, of Fargo, member of.} the executive council, and Frank Scott, cashier of the Merchants Ni tional bank, of Valley: City, vice presi- dent of the. national body for Nortn| Dakota. — \ ay ' A PAGE THREE SAILORS FIGHT; ONE IS WOUNDED Superior; Wis., July: 16, —. George’ Black, sailor. of Buftalo,.N. ¥.,. wae: shot in. the: hip following ®. quarrel: with another sailor here last, might Black received’ only a slight ‘woudé - His assailant’ is) not. known, ‘Tha shooting, according, to. police, waa: the result of an argument over unjon mat: ters, te Paci) OURS FLOUR MARKET Minneapolis, July, 16.— our, un- changed, Shipments, 96,01® barrele: Barley, $.98 to $1.15. Rye.\No, 2, $2.10 to: $2.11. ‘Bran’ 49: * mt east cise et MIDSUMMER SALE NOW ON Most unusual values in All Departments UUUVINLU ULLAL ALARA EA