The Bismarck Tribune Newspaper, February 18, 1921, Page 2

iNUS RESERVE + GONSIDERED BY SENATE PROBERS Sinkiéc! Reiterates dates 'Chairgé Tha! Banks ‘Could Not Operate Under 1915 Law " THATCHER GIVES FIGURES Gives Percentage of Reserve Below Legal Requirements of Bank List The question of miqus reserve was agaiir under consideration by the sen- ate investigation committee yesterday afternoon, M, W. Thatcher, accountant, testi- fied that of three banks examined by P. KE. Haldorson, deputy state bank ex- aminer, in Septemwer of 1919, at the same time the Scandinavian-American bank was examined gnd ‘was said to have a minus reserve also had a minus reserve, but that Mr. iHaldorson failed to mention it because of the custom in not following strictly the law of 1915 in the case’ of the other two banks but did in his report on tue Scandi- navian-American bank. . - Could Not Operate. Attorney Ed: Sinkter ‘reiterated the statement that under‘a strict construc: tion of the"%w das used ‘by Attorneys Murphy and Sullivan in arriving at the minus balance of the Scandinavian American’ bank. it would have been impossible for any state bayk to func- tion as reserve depositaries and that it would have discriminated in favor of the natioaal banks whose reserve requirements were not as high as ihe state banks. ‘Mr. ‘Thatcher gave figures which he had ‘compiled from the records of the bonk examiners office on the st banks of the state as of Decem er 1920: The figures were: Cash reserve, 59.4 per cent, short. Cash on hand, $2,847,000. Short required cash on hand, $4,- 188,000. During the year, he stated that the deposits had decreased $27,000,000; the bills payable had increased $14,- 260,000; the amount due from reserve banks had decreased $9,360,000, and that the reserve had decreased about 50 per cent, of about $11,250,900. 1 Reaas List. This he attributed to the fact the People were living toa certain ex- tent’ upon their surplus. - He read a list of 25 banks taken at, random and only~ one of the banks had the required legal reserve. The percent below the requirements were ag follows, the figures meaning pert) ; (26, 2, 62, 80, 94, 47, 80, Be 88, 32, 42, 65, 8 89, i, 3, 34, 61, 88, 5 H. Walker of Yucca was ‘calles! to Sine stand to explain the loan of $36,000 which he made from the Bank of Oliver county ‘and which was re- discounted by the state bank. He tes- tified that he had made his applica- tion for a farm loan’and that tais was only'to have been temporary but the state bank because of the financial conditions preférred to carry this loan rather than-to give him the land loan} of $6,000.' He testified that he ownéd 560 acres, which waky mortgaged for $3,200 and 40 head of ‘cattle; horses and machinery, all unemcumbered. Took Out Policy. The So-called Stair ‘note for $1,710 was next considered. The maker. of the note was:Hans Waro, who rents the farm of ‘L.:L. Stair, warden of the state penitentiary. It is secured by a; chattel mortgage on stock ayd equip- ment and is guaranteed by Mr. Stair and the State bank at ‘Newbury. ‘Did you think this a good note,” At- torney Sinkler’ asked him. “I figured that it was gcod if he lived and Iyyade him take out a $2,000 life insurance! Policy to protect us if he died.” "? t : The audience broke out into laugh- { ter and Attorney Sinkler suggested | that he was'too good'a financier towe} H warden. Reads Letter. He testified that he did not owe the Bank of ‘North Dakota any other money. To answer a letter read to the house committee from A..E, Snyder, former transit manager of the state bank, in which Mr. Cathro Was ‘severely criti- cised and catléd-naiyes;” ‘Attorney Sink- ler read ‘a, pet .date bi ‘ April 30, 1920, expressing pleasure at having been able*to work with Mr. Cathro and commending his manage- ment, * Clean ‘the ‘Contacts. “It the self-starter does not operate | it may be due to corroded battery ter-} minals. The connections cf the bat- tery_should bé loosened and cleaned | | causes of recent increase in crime, 2 occasianally..to: get a.zood, cleat con- tact. 3 %, i? \ WILSON'S NEW GARDEN—This is the first picture of the garden and sun'poreh in the rear cf, President Wilson’s new Wash- ington home where, after Marc 4, he intends to go.into seelision for a complete r CERTAINTY OF PENALTY TRUE GRIME CHECK Raymond Fosdick ( Calls for Di- vorcing Police and Politics . By E, M. Thi New York, Feb. 18. punishment, rather than severity of it, is the cure for crime,” says Raymond B. Fesdick, police and criminology ex- pert, sdick’s opinions carry weight be- cause of several years’ study of police} systems of America and Kurope and! causes, prevention’ and cure vi crime. ' “The causes of crime are interwov- en with its prevention and cure,” said; Fosdick, “Cure means two tremendous re-| forms: a complete making over of our criminal court system,,and the abso-} lute divorce of police from politics. , “These reforms cannot be ‘accom- plished )speedily. process ‘of education. F “T read every few days of legisla- tures considering the passage of laws increasing the penalty for crimes. “That doesn’t mean anything., We do not check crime while punishment remains uncertain. Certain Penalty. “It is better to make“ 20-year pen alty certain--or even a 10-year sen- tence---than to have a 40-year penalty that is never inflicted. “A jury wou}d be all the more. hesi- tant to convict a man if the sentence was fixed at 40 years than it would be if the penalty were 20 years.”, Mixed population in America is yam- ed by Fosdick as one of the big causes of crime. He calls tha London and Paris po- lice departments far more ‘efficient than American forces,\but say's this is largely due to the homogeneity of pop- ulation there. “Causes of Crime,” Fosdick says,‘ ‘ine clude these three big divisions: pov- erty—-or, more properly speaking, eco- nomic malatdjustmént—drugs “and li- quor, War Is Cause of Crime. “The war must be listed amoag,the was the same after the Civil War, af- ter the ‘Napoleonic wars and after the Thirty Years’ War. A ‘crime wave’ after the Civil War lasted three yeats. “There is'no do.bt that we have had a crime wave, both in the volume and room for crime prevention in our communities as for ‘fire prevention or the prevention of disease. But we will never get far so Yong as politics hamper police efficien- cy.” It's A Town Anyhow But About All It Has Is Dot on! _the Map (N. E. A. Start Special.) Cincinnati, Feb, Unless you'see the name “Bayer” on tablets, you are i not getting genuine Aspirin prescribed by physicians for } 21 years, and proved safe by millions Say “Bayer”! , SAFETY FIRST! :: Accept only an “unbroken package” of | the news is reserved’ f It must be a slow} is corner in| fi Ft. Mitchell. Why? Because, although it is an incorpor- ated city six miles from Cincinnati, on ihe Kentucky side of the river, itz Has no schools. Has no churches. . Has no grocery stores; ‘aa Has no drug stores. as a police judgegthé"as never tied a case. Has a city solicitor who has never had anything to do. Has two women on the Board of rustees, elected before! women were. yen ‘the vote. i. Mitchell has only eight streets. Every resident is a home-owner. Many of the homes are mansions. Citizens go across the line to school, to church and to shops. , SUIT IF FILED A suit to recover $1,893. Wells County bank, alleged to be due as taxes, has been filed by Wells coun at the instance ‘of George E. Wal ce, state tax commissionér, who is attorney for the county in the matter. ” Beiseker is president of the bank. The complaint alleges that during the years 1916, 1918 and 1919 wrong- iul deductions of property, real aad¢ m value of the capital s.ock of\the bank, were made to the extent of $33,- 997.00 by the bank, The tax commis- sioner says other similar suits may follow. WANTED: HORN PLAYER, Frankfort, Ky., Feb. 18—A cornet player is wanted for one of the best bands in Frankfort. If. you want the job, apply to the state penitentiary. J, W. ‘Brown of Boone county, cognet player and leader of the penitentiary band, ‘has just been@eleased, his: sen- tence finished. the U.S. ARMY U.S. ARMY \ U.S. ARMY ‘U.S. ARMY U.S: ARMY U.S. ARMY U. S. ARMY _U.S. ARMY cna amemmmmncen FOR TAX MONEY) 9 from the| THE BISMARCK, TRIBUNE, - U.S. ARMY Driver Work Shoe .. U.S. ARMY * Infantry Shoe U.S. ARMY ! Signa] Corps Shoe Cordovan-Dress Shoe .. 0. D. Bresches, Used . ( Khaki Breeches, Used ...:. : Anne $1 50 O. D. Breeches, New . Pee tt ies 3 0. D. Wool Mack antes : ; 0. D. Wool Shirts ..... Wool Commercial Grey "Blankets. O. D. Blankets Men’s Blue Chamk-ay Shirts :.. Boys’ Wool Mackinaws ...:.)......: «Rockford Hose Here Is a Fine-Laxative For a Little Baby Millions of Mothers find Dr. Caldwell’s Syrup Pepsin safe for infants Wit, young mother has not often’asked herself the ques- | tion, “What is the best thing I can give my. baby for constipation?” It is avery important question, as con- stipation is the basis of most ills of in fancy and childhood. | Give'half a teaspoonful of a com- bination, of simple laxative herbs | \ith pepsin. You can obtain it at any drugstore under the name of Dr. Caldwell’s Syrup Pepsin,‘ Itis a ld, gentle medicine that children ¥ llingly take, and abottle that costs ly sixty cents is enough to last an ‘age family several months. . Caldwell’s S: syrup Pepsin has been :a by millions of mothers, for the pre- tion has been sold in drug stores for y years, It is the same prescription . W.B. Caldwell, whois now in his82nd ur, used in his extensive practice for acentury. It is the largest selling wid laxative in the world. Last year eigh' ion bottles were boughtin drug stores, i rican make no mistake in giving Dr. | Caidwell’s Syrup Popein to your baby. TRY IT FREE Send me your name and address and [will send you free _trial bottle of my Syrup Pepsin. Address me Dr. W. B. Cald Washington Sz, Monticals Mlinois. Everybody now and then needs a laxative, and it is well to ‘know the best, WRITE ME TODAY.* | HANDY. WITH, NEEDLE, PRISONERS on COURT. Richmond, Ind, Feb. 18.-—-Charles Vanceburg, Ky., Feb. is. Prisoners; { here have their 4 co « Dresided | ndsley, young rmer, aon t! over by prisone-s. A prisoner convict-! saveepstakes the best er ed by his fellows is whipped with a4 broidery at- razor strop. Wayne auth ty. Bank As Wa good We have more calls tor sistants than we can supply. BANK POSITION ever appealed? to you, look through the Banking téom at the Bisms, ck College, Conceded’ among the bes in the countr, udent learns to do by do real banking, using colleg d real bank accounting, up: equipped College bank Mere-the ing. It young men and women for the high- er-salaried - bookkeeping and steno- graphic positions. Send for particu: lars. done for thousands of, others, you ; will attend, Write G. M. La marck,N, Dak. sane Pres, Bis- gum, For All Baking Resnitements Ise Climax. Flour which is. al- ways uniform === in quality and contatiis a high percentage of gluten. Necessarily a high priced flour on account - of its high quality.’ For sale by all grocers. Russell - Miller. Milling Co. Bismarck, N. D. 8 - $4.95 Sia eh, s + Pe | FRIDAY, FEBRUARY 18, 1921 AUNT JEMIMA PANCAKE Frou - So seonomnied fs Milk is alread y So rich you need noe, “I’s¢ intown, Honey!” 4 1 We make a specialty of training £ When. you know whet we have | #** THE STORE OF SERVICE | With the Lowest Prices in Bismarck ___ Shop and Save’ ‘SATURDAY SPECIALS We Have a New Plan by Which You Can Save an Extra 5 Per Cent on Your Groceries. Ask Us and We Will Be Gled to Explain It to You (With ever. 00 order) Butter, per Ib. . + 25 Sugar, 5-lb. Good Creamery Strictly Fresh | Crisco, 1 tb. ca School Boy Peanut Bu whervies, whi eg) per c Ketetnty iOc value, Vii » Quart t I natocy aud Corn, can mon, | Ib. ¢ Jellies 3 for schnut Brand, : x Soa, 6 Bars " All Other Soaps at Bargain Prices Cottees! Nothing But the Best ul, Our Own Coffee, per Ib., 50¢ seller 38¢ All the Rest of Coffee at the Right Price We Oniy Carry the Highest Grade Goods Oranges and Apples, pek Ib. c.es.. eel eee See Angie A-Vall Line of National Biscuit (‘o’s. Cookies and Crackers at Your Inspection Fresh Milk and Cream Every Day We Are Here to Serve You SERVICE GROCERY Street Phone 378 Bismarck, N. D. OE en ee genuine ‘Bayer Tablets of Aspirin,” which contains proper direc- tions for Headache, Earache, Toothache, Neuralgia, Colds, Rheu- matism, Neuritis, Lumbago, and pain generally. Strictly Américan! Handy tin boxes of 12 tablets cost but a few cents—Larger packages. if “Aspirin fe the trade mark of Bayer Manufacture of Monoaceticactdester-of SallcyHcact@. A Se m Big Reduction in Underwear and Lamb Lined Coats = vaney Brooms, $1 eee Wane a 808 I. "© Wholeséle to the Consumer” e .= ee \TURDAY, ait market basket free ee Se A= UARY 19, 1921 ‘AIO BROADWAY: : his , ts -410 BROADWAY | a We Deliver All Orders SCE Ee Se ns, Special Reductions ONGROCERIES _ Davis's Grocery 319 Mandan Ave. gar, per Ib. 9¢, or 10 Tbs. for ole White House Coffee, per II Red Rose Coffee, per Ib. Butter, Purity Creamery, 2 Ibs. for c Strictly Fresh, per doz. 38c; 3 doz. for ......95¢ Van Camps or Carnation, per can ...+......14e o. 2 Waldort, Reg. 55¢ pellet, per can 33¢ Jelly, All Flavors, 16 02. Size, “Reg. - 5c Seller, : 1. Jar 85c; 8 Jars for ..... ve cewee $1.00 Jello, 8 pkgs. for ........ seen ee BOC 31-2 Ib. tins, Honey kle Brand, reg. - CAN, e) ods EVE Gs hae oh BOC), S xy Brand, reg. 60e seller, per Aunt Jemima Pan Soap, Lenox, 22 Baa ne sagt 00 Soap, Electric Spark, 101 » -68¢ We also car Complete Line of Groceries and High Grade Can Goods at Low Prices DAV 3 GROCERY 319 Mandan Ave. > — MIMI i me The South Side General Mercantile Store MORRIS ZVORIST, Prop. 222 oth Street South ETOAC ae? Phone 957 » SPECIAL REDUCTION ON GROCERIES SATURDAY, REBRUARY 19, 1921 Sugar, 10 Ibs.sfor Sugar, per 100 1b. White House Cof Red Rose Coffee, Tall Van Camp Mill, p per : Purity Creamery Butter, per ib. Stric tly resh Eges, dozen for .. Black und Green Tea, per Ib. TP. & G. Soap, 10 Bars for : i Klectric Spark Soap, 10 1: Lenox Soap, 10 bars fo Heinz Vinegar. per gal. ‘i Heinz Pure Apple Butter. quart j: Monarch Baked Beans, 2 Ib. Gan ... Fancy Canned Corn, Peas, per can. . No. 3 Can Stgndgrd Tomatoc No.3 Can of Fancy Green G Meanie putter in Glasses Gieeh Olives Giant, i Hershey's Cocoa and Chocolate, Shredded Wheat 20¢ seller, 3 boxes for Quaker Oats, -£ Ib. package .... Armour’s Roasted ( Ei NI]