The Bismarck Tribune Newspaper, January 21, 1921, Page 8

IVETAELATENUCCACONUENNUELETESETAA FACE AUUD TUONO EETURECUUUEATUAYOENEA ET HCTF COUT SURO CTRAN CEOS PTLD LETT UUEVENUATEDUERTNSERA PERERLEEAU SHEA APRTEUEEEANLSONELERLRERUAAAUATEOOUTERASEUUNCUUUESENO TE = i= i BY ally all of the $185 the’ ma WHEN YOU ‘ASK FOR s BUTTER & NORTHERN $ $ OUGNDDNNGOAGNDUANSUONOGNDOONOOUUGUUONLEVONOUNENOOAGUUOEOCGPSOGNLOONOADONNTOONOOEOUSOSUSNDOONOOULIOOERNOOOUEDOORLEDOGTOLOUULEOUubOGOIbASINONN HEUASELOY ERED FUREETAUAD EAS OAUOREEAUDOUBOEURONERERD ESO ESC HENSRERI ED PAGE EIGHT $85 values now $50.00 $50 to $55 value $37.50 $40 to $45 value $30.00 Ending Feb. 28th, 1921 1-2 Price Specials See our south window Suits and Overcoats One lot $45 suits................0.08. $22.50 One lot $45 coats $22.50 One lot $35 coats $17.50 One lot $25 coats : $12.50 Shirts Manhattan and Metric White Shirts $5.00 shirts $2.5 $4 shirts $2.00 $2.50 shirts $1.25 Pajamas Men’s and Boys’ Outing Flannel Pajamas at Half Price ‘ $5.00 pajamas, silk trimmed........... $2.50 $4.60 pajamas, silk trimmed............ $2.00 $3.00 pajamas, silk trimmed........... $1.50 82. 00 pajamas, silk trimmed:....... .. $1.00 TERMS CASH S. E. BERGESON & SON MTT | ture legalizing proposed finance cor RECOVER LOOT lount Vernon, Iil., Jan. 21—Virtu- 30 obtained in the registered’ received various sections of Mount Vernon. ft of 31 packages of ts the Rev. Guy Kyle, former rector il here last Friday was arrests are expected, it was said. ANOTHER WORLD FAIR _ Philadelphia, Jan. 21—A_ wi fair for the Quaker City in 192 SKATES Hollow Ground 35¢ Bismarck Radiator Works sity of Pennsylvania. It would c pendence. TOO LATE TO CLASSIFY “FOR RENT—In mo modern house on lavatory. Gentlemen preferred. 4th street. " “They WORK whil e MINNESOTA BATTERIES ed Oe sleep (Guaranteed 2 years) ELECTRIC SERVICE & | TIRE COMPANY 215 Main Street REDUCTION In Tailored Suits | 75 values now . $45.00 65 values now .$40.90 TERMS CASH You are bilious, constipated, he: achy, full of -cold, unstrung. meals don’t fit—breath is bad, sl sallow. KLEIN by post office inspectors in raids in! One of four persons arrested on sus-| picion of complicity in the robbery is conference with the Industrial Com the ‘Free Methodist church here. More | d's | being planned by Dr. Paul Cret, pro- fessor of architecture at the Univer-| brate the 150th anniversary of inde ‘| from the usual formal, mutual-admir- line, one large furnished room wit’: 1-21-3t sat Your Take one of two. Cascarets tonight for: your liver and bowels and. MARCK DAILY TRIBUNE BANKERS GIVE ~ THEIR SIDE OF CONTROVERSY In Statement Declare Public De-. | posit Law to be Resubmitted to | People at Early Election | NEW LAWS NECESSARY. | A full discussion of the Bank of; | North Dakota and the conference be- | | tween the bankers’ committees and the, {Industrial Commission, which was! {held recently and ‘ich terminated in | the rejection of a proposition regard. | ing bond sales by the state, is contain- F | ed in the fe coming issue of the or- orth Dakota Bankers as- THEIR WORTH. p sociation. Among the features elaborated upon | i hy the bankers committee aye: Industrial Commission held Bank of North Dakota is destined to be one of | biggest banks in. the United States. Initiated law placed all public de- | posits back in bank will be resubmit- ed to people at an early election. Bankers hold that y regarding ; bank does not contain simplest safe- | guards contained in state and federal | jbank laws—limiting of amount in | which any one customer might he-| | come indebted.to it. | Omission of Safeguard, Omission of safeguard general over | country—that of ‘prohibiting _short~ | ‘time or demand deposits in long-time or permanent investments. Bankers hold that shrinkage in Bank j of North Dakota deposits was little| more than normal, pointing to fact | that no money was coming into bank | and year-end bills being paid, and that initiated law was not responsible for | shrinkage. A new depository law is necessary j before bonds, warrants of countie: lete. can be sold. Industrial Commi: ion agreed to new depository law. Industrial Commission said present administration intended to.go no far- |ther with present industrial program | han three industries, Qank, Grand/ | Forks glevator and Drake mill. Oi | Bill will be introduced in legisla- | S-quart grey enamel Sulin kettles ......... S-quart preserving . kettles -Af-quart: dish 10-quart. tin pails ‘14-quart galvanized PAURES .5 oe SUBS see Rig ‘surface wash board brooms .. Flour sifters .... Aluminum coffee pereolator | poration of bankers to sell warrants. | Talks of Future. | ; \ The exhaustive report of the bank- |ers committee gives its side of the |i mission, and is signed by E. J. Weiser, | | of\ id. Pierce, Geor. H. Hollister, J. J./ Earley, O. S. Hanson and H. P. Beck- | with. ; The committee says that, “while yqur | | committee regrets its inability, to re- | port more tangible results, it is free to say that the conference with the| Industrial Commission must. be pro-| | ductive of good. It was a departure! ele-, ation character of conferences. between ; | state officials and constituents. Frank | 3 j and open argument, sugse ition al ‘| pertinent criticism, some’of it perhaps | more emphatic than diplomatic, was; © invited, and delivered fr ma jboth sides | > of the conference tabl jmight be so used, that is planning Indicating the erties does not} the loans only with respect to the feel that co-operation with state of-/ time which deposits. may reasonably 7” | ficials to better the financial situation ! jjd:expected to remain. \is at an end the committee says, that | he commissiow called attention to ‘it must let guide further action.” car 930 ‘gle Bank of North Dakota during the Regarding Bank Laws, | past month, alleging that the same |The part of the bankers reply re-' was due to the initiated law. The | garding the laws governing the Bank | Gommittce, without admitting error in [of North Dakota, which may come be-| the enactment of the initinted law, | fore the legislature, follows: even if it were so respons argued |_ “Prospective bond buyers were wn-| that such was not the case. The"law animous in insisting that the laws un-| took effect on Dec, 2. No funds came der which the Bank of North Dakota ;to the counties since that date except | was organized—and as now construed! the returns from their.tax sales, and by the industrial commission, wer these brought in money only to the ex- unwise, not conducive to sound ban tent of about 25 per cent of. the ing, and unless, materially amended .amount advertised. Nearly half the | would at all times he a menace to the | counties have continued to deposit financial system of the state, and/ with the Bank of North Dakota. Thé would frequently bring about just such | industrial commission has provided conditions as now exist. That no prop-/ that no withdrawals could be made er saféguards were thrown about trust except for the most necessary pur- funds. That under the law such funds! | poses. Therefore the difference be- could-and would be, as they have now | (wecu deposits and. withdrawals of been; transferred, loaned, or ‘invested | public funds since Dec. 2 could not in enterprises where they would not! have been more than normal. A more be available when required. All safe-| likely cause of the shrinkage is that | guards by previous laws throwa/@epositors began to realize the arbi- around sinking funds had been re-j| tary power vested in the. industrial moved, and no adequate substitute | commission, and reduced their bal- ‘provided. Many other objections had | ances now for fear they might not be | been urged but this is sufficient to | permitted to later on. The industrial show their general nature. The | commission insisted that to put suc remedy seemed to be printed out by the intent of a large majority of the! voters when they on Nov 2 last, took | fout of the hands of the Bank of| | ad- kin “further circumstances | the enormous shrinkage of deposits in}, No telephone orders accepted in this sale. ELLWORTH STORE BISMARCK, N. D. control over ment.”", thie you one of the lucky ones to attend o ur sale on Boyen WARES THAT PROVE To do two things at once is a big achieve ment, particularly when we are putting on a sale at this time. We are kept busy unpack ing new goods and marking them down low- er than pre-war prices. We have secured so me very good merchandise at remarkable low prices. In looking over this add you will find that the prices speak for themselves. 69c. And in fact everything in this store will be very special as our merchandise is bought at the lowest market price. restrictions in the law, or to limit its |. deposits would impair | the power of the bank to finance the | proposed state industries, and there- | fore could not sanction its amend- "FRIDAY, JANUARY 21, 1921 Aluninum ‘sauce pan 15c Oil cloth, per yard Jap cups and sauce air ‘White and gold dinner , plates... gce SoS RES hE le oe ois odie Ladies’ hose, regular 69¢ value, pair Children’s hose, regular 59¢ value, pair Men's socks, ; / 5 ‘ pair... 1 c Canvas: gloves, pale ze. so% ; Outta Hes aoe aalelaitmencs Gas onistelie : 1 0 c Wash cloths, ‘ each : 5c of ruining. a coatly automobile by letting it stand’ out ‘all win- © ter when you can get heated What's the Use en ee eee sin. Just as soon as you eat a tablet or two of Pape’s Diapepsin all that dis- pepsia, indigestion and stomach dis- tress caused by acidity ends. tablets of Pape’s Diapepsin never fail to make sick, uv- set stomachs feel fine at once, and they-cost very little at drug stores. pleasant, harmless eRe tere ree WHEN MEALS HIT BACK + “Pape’s Diapepsin’’ inatorily Ends Indigestion, Sourness, Stomach Acidity UUAQVOSNOQDAQUUHUONUOONNONOGONOOGQOOUUGOOONNOOUOUOUUUOUASROVENANUODUUIGUUUEEONGDSUCOOgQNU0UQUUONOUOEOUUUOUUUUUOUASULEGN HOU UUHLGUUDU REGULON wake up clear, rosy’ and cheerful. |North Dakota the administration of e e ‘ No griping—no inconvenience. Chil- | all funds: except those of the state, Tailor and Cleaner dren love Cascarets too. 10, 26, 30|the state institutions and the state | 1 e uc 10n cents. | industries, | Took Issue. | “In response, the industrial coi mission took issue squarely with on all Overstocked Sale On PIANOS In order to reduce our large stock of Pianos we are offer ing them at the below mentioned reduced prices. Over Stocked Sale, for... B40 $665 Player Pianos, Sold for $775.00 Over Stocked Sale for Our complete line of Pianos are the best known Instru- ments. Buy your Piano now with a very small payment down and balance in monthly payments to suit your convenience Bear in mind there is no drop in prices with manufactur- ers and there is not likely to be any drop. This sale is put on for the sole purpose of reducing our large stock. Bismarck Music Co. Broadway and Third Street Phone 741 OT tion ot these objections, argued that the Bank of North Dakota law was) sound, its management and its oper: | ation safe and profitable, that it w s | destined to be one of the biggest! banks in the United States, that the! people had ben deceived when they | curtained its power and operations at; the last election, that the initiated law) would be resubmitted to the people} at an early election, when the verdict} would no doubt be reversed, and that | therefore no plan which countenanced | a limitation or curtailing of the oper tion of the bank could be countenan ed by the] administration. Mr. Cathro asserted that the Bank of North Da- kota could now pay, every demand up- on it, and be beyond criticism, but. to do so would require withdrawals from other banks in such amounts a would | cripple them. ‘Weakest Points. “It was pointed out that this was the result of one of the weake' points in the law. Had the law con-' tained one of the simplest sa guards contained in the state and) federal bank laws, namely: the limit-| ing .of the.amount in which any one | ustomer might become indebted to | it. this condition could not‘ have oc- urred. Also the omission of another | simple provision which years of ex-! perience caused to be made a part of the banking laws of: the nation, ane prohibiting of the using of short- time or demand deposits in the mak- | ing of long-time or permanent i a vestments, and limiting the propor-/ long-time deposits which U.S. sale price U.S. Army Shoes U.S. Driver Shoes, $5,50 value, sale price $3.75 Rake etetd arses at 50 value, sale U.S. Signal Comps Shoes, $8.50 value, sale : value, sale.price .... U.S. High’ Top Elk Hide Shoes Hee 00 value, .§$6.95 . $9.25 ARMY AND NAVY STORE Don’t forget our new location at 410 Broad- el Are lumps of indigested food caus- ing you pain? Is your stomach acid, gassy, sour, or have you flatulence, heartburn? Then take Pape’s Diapep- | These storage at the CORWIN MO- TOR CO.. | | Perry Furniture Co. To Women Who Are Waiting A Comoplete Line of. HOOSIER KITCHEN CABINETS at the New Low Prices Miracle Step Saver in 500,000 Homes , Prices are Now Guaranteed Until April ist, 1921 WE TURN A HOUSE INTO A HOME Ydity dammitinel BISMARCkK_ OPPOSITE P.O. ET TT