The Bismarck Tribune Newspaper, February 21, 1921, Page 3

THE BISMARCK TRIBUNE AGE THREE Where the Crowds Are Going “qs THERE ANYTHING LOWER on HIGHER THAN AWGM AN?” “Vil Never Give You Up.” “Love didn’t enter into our marriage. I was afier the money and social position you could give me. Divorce’ would le: you free to marry this woman who he can read the fu- ture. If she can’read yours then she knows you're out of her reach—for I'll be with you all the time. I’ Never let you go!” That’s one of a score of momen s yowil PERL in “Unseen Forces” RISMARC TH EATRE K Tonight Tonight Edith Story “Moon Madness” AN Lave Theme of Tremendous Power also CHARLIE CHAPLIN: u in “The Cure” At This Theatre Tonight FRIDAY James Oliver Curwooed’ “NOMADS OF THE Nowni Wednesday VIOLA DANA’S NEW FEATURE “The Off Bore Pirate” bank it would apply North Dakota “It would, During the discussion on this point. specific instances of a policy followed in’New York and in the state were brought up. The statement was made by Mr. Lofthus that each case of de, Do} in defunct banks would have to be considered. Coteharbor Bank. Mr, Sullivan inguired of Mr, Lofth to the Bank of) asked. Lofthus, RAILROAD RATE CASE INCREASE HEARING BEGUN ons it-| concerning reports of the Farmer Lemke Plans to Appeal to Unite) core unk “of Coteharhor, Mclean | ed States District Court if | county. One of the directors of the | bank is R, W. Fraser, state a Defeated Here and attorney, and the cashier is F, | Vogel, a member of the house of oy resentatives. “This would be a fertile field, 'the inquire § to whether any of th ber was-used for politica purp Mr. Sullivan inquired. The answer was affirmative. The Dishop, Brissman company re- | port showed about $25,000 redeposited in this bank by the Banx of North Da kota. The report also showed loans of! $14,900, additional cash iiems, mak- | ing the total liability of this bank to the Bank of North Dakota of about $23,000, not including redeposi Ir, Sullivan also read from a MAY LAST MANY DAYS to The hearing on the roalroads peti- tion to in use the intrastate pas- senger and freight rates of Dakota to the level of inter creases began before Special E iner Thomas Healy, of the Inters Commerce mmission, in the federat courtroom in the postoffice building Attorney eral Lemke was pre- | pared to make an elaborate record i . ind will appeal the case to the Unit-| Pot of one of Mr, Lotthus “ae . as to this bank ating that “‘lo: cd States supreme court if defeated 4 om 5 " 5 officers are unsecured” and a loan of before the Inter Commerce Com- * _ ilroads* Witving the 600 to the Publishers Nationa! Lesa opr Crem Lis cee eee e Bureau is plain and unsecur- same intention, are producing a vol-} uminous record, and the hearing may | “4 comparison of the records showe Jast several pe | that the collateral of the Publishers Carl Knox Gartner, of Washington iN ce Bur LW: not in D. formerly special examiner for | North Dakota, but that | the Interstate Commerce Comm of. the. Farmers indc-! is retained by hing company endorse to handle the s| mers were. After The railroads w x ing io show that a reasonable ¢ Scandrett, of the ion would be that the farme were given to the state bank and that | the service bureau collateral was not} put in the bank, Mr. Sullivan ed} Mr. Cathro to produce the individual, ledger account of the bank. | ro- | Ser ed.” ank. of certain notes pendent Pub} nm fe thern. Other cluded P. H. 3: agent of the G Dickinson, pas: of the Great Tilton, assis’ the Great Northern. Confident of Winning, road men are confident the state Commerce Commission rder a Ney have been. taken 1} New York, Ghio, innesota, low: noand in each ¢ Comme Comm the st the t ithin level of interstate ed. Thatcher on Again, M. W. Thatcher, of tne Iquit rt at the time ot ‘the Scandinavian: | American bank closing being unde) the scrutiny of the counmittee through ioning by Attorney Murphy. The of the $11,060 ¢ en by J. nton to take up as Trust loan ¥ brought up. ‘Th i, Lofthus, state the cash and t Lofthus told him that the loan 3 paid. | You never heard about ‘the payment.” ine will the cher the Interstate n has overruled ; 4 ordered | tised to the » it is claim- ut any discussion First. The r ads opened their timony. resenting their Claims to an increas: “yf percent in North Dake t I never had any dis ion with Brinton,” he added. “How does it come that Mr, | Unus says he took your word?” “Tam not responsible for Mr. thus’ testimony Mr. Murphy, after Yurther question- of the matter of loans, asked Mr, vatcher if he read the 1915 law fore he made the report to the 7 court in October, 1919, He hac hn Lof- Lof-} I follow. were eitiployed in Paul by to be n St. data in the (0: ar ifropm. LEAGUE LEA \DER . ED LOAN ON “JUNK HEAP” Figuring Reserve. tention then was called to 2 ion made in his report to the} & a reserve of (Continued from page one? the security was worth anything, that it looked as the ruins were being sold to the bank. ' furing the morning s tesUmony tie ed Mr. Mur question of the liability of the guard! ERT es ad to” anty bank commission to the Bank of! : Noch Dakota was gone into At tor:.ey Sullivan, to prt it a Ny riy ve under thi Jaw whic: in force wiven he made i : was § | ed. item of $ | dinavian-American | POR RENT: | FOR report, according to attorneys. gave a minus figure of “That means the bank lacked $243.- $42.84 of having, any reserve at all,” Mr. Murphy remarked. “What was your purpose??” he ask- “Weren't you trying to make the supreme court believe that the bank had a reserve.” Thatcher said that his report. in many places called attention to the difference between law and custom with regard to the reserve, Another Statement. Thatcher's attention was called toa statement in another, part. of | port in which he made thé flat sta ment that the bank had $146,000 odd in excess of required reserve. He,was asked to figure the amount and h figures were $144,390.29, a $2,000 dif- | ference, called attention to an 000 carried in the Scan- bank report as h due from a Duluth bank. A let- ter from the Duluth bank to the Fargo bank indicating that the Duluth bank carried paper and merely gave the Fargo bank book credit for a large part of it, and that h could not be obtained for all of i 3 “Anyone who knowingly made state- ment to the supreme court that thi Mr. Ma | Scandinavian-American bank had thi amount of mone} rve in the Duluth bank, if this letter of Haklow orrect, made a false state- ked' Mr. Murphy. Yes,” replied Mr. Thatcher. “And any accountant who knowing- nade such a-statement if this letter true, made a false statement.” es, if made knowingly.” ATE TO CLASSIFY LIGHT HOUSKEKE room, 401 5th St. A room at Dunrayen FOR SALE-—Four house, lots 50 feet wide and 150 feet long 310 Mandan Ave. 2 TO BUY—Several tsed off typewriter siand, aak finis} 926, 2: LE prefe: WANTS marck VANTED hos A TO ,BUY. lows well quick buyer ‘Telephone Company, Two small pnd : s for BH, Iismarek 2-91-lwk One furnished room for Call at 409 5th’ St. SALE i rocking ¢| 61S Ave, WANT two. cond TOK, AE hand Phone FOR room & Co. IR LEASE ection near Mc tion is thereon. 2-21-2wik MCT MAUL BY Constantinople, Feb. which fell he hang forces held $ O90 of Soviet rth of Amer: jean and for 25,040, An electric driven motorcycle the latesi. Drake Mill Records Up. cretary ot the In- aining the producti of the Drake mill, which E man auditors said they were denied when examining the mill. The ant who made the report will brought from St. Faul to expiain them, | Regarding Liability. | Lofthus, when called to the) Tho in the statement of ia response to questioning | the Bank of North Dakota as of Feb. cretary of the siate “of relative statement of a the law ts. Mr.| aranty of } Sullivan drew from the w ion that the mere fa E wed a ce the that a ake a Among sh 2 k did not | S20wn in the cie oi ligation of commission. The at- ed if a a bak borre werk | * the prin monthly statements at profits for 1921, 125 15, $8,096.: taatvidaal deposits, Ja 10: Feb. 15, $245,156.56. bi deposits, sinking furtc De 678,756.10; Feb. 15, und a ion of the law. Public deposits, general and h through the wit t , its of the Bank of made to a bank as to establ the redenc Dakota, if loan, ; ®* 1 trom $2,607,118.03 to § ty fund | uid this ; 840,89 Due ‘to ‘depository ‘ ae (r in Jan, 15, Feb. U5, 359.00. Under me under the n. Mr. Loftius matter had not been taken up, and Mr. Sullivan asked his judgment on a hy- pothetical question. “If this rule applies did not comm the head of r the as to a private | COB 5 “CTATE BANK WITHDRAWS MUCH MONEY FROM PRIVATE BANKS statements show: Loans to banks dec ed in month C1041 Loans to public institutions, increzsed fri indus- while the ¢ ent ba - made TURNED DOWN BY SECURITY BANK Bank Records Offered in Evi- dence. at Senate Investiga- tion Hearing CALL ELLIS AND COWELL Witness Repeat ‘story of Agree- ment Between Townley and Grady Attorney Sinkler of vestigation committee, devoted Sat- urday aftérnoon’s jon to testi- mony relating to ihe alleged finane- ing of the Nonps the borrowing o and promising th sultic it money deposit from the s the loans made. This charge was made before the house investigating committee in the mornin S. 'T. Kliis and Lee Cowell. directors of Yhe National Security bank, of Valley City, who testified in the morning were cited by the sen- ate committee for the afternoon and *"W. Cathro, director-general of the bank, with the bank records, summoned Repeats ‘Testimony, . Ellis held throughout a vigor- ous xaminition, held, to his testimony in the moraing, which was! in substance that he nad complained of the loan of $2,500 apiece made to six farmers who were not customers the senile in money in- return that! uld be kept on e bank to cover w yot the bank and had been given to understand that it would make ‘no, difference with the loaning power oi! the bank as an agreement had been whereby the Bank of North Da- would keep enough on deposit the $15,000. Sinkler ary of keta to cover Attorn dock. sei A. Pad-! Industrial Commission, brought out that no money had actually changed hands that the bank had yerely given its note, certificates’ of deposit, for the notes of the farmers and that ther fore it was not necessary to have! any money to cover the loan, Took “Credit”? Mr. Ellis maintained that it took “credit” and that the hank had to be compensated for it Senator Ployhar asked him if it w; Not common gossip that the Security ttional bank had tumed down the dratts of the Bank cf North Dakota because of an agreement made be- tween President Grady and A. ©. Townley, president of the league, whereby he could do this to protect himself on the loan Ir, Cowell in tion ot Mr. nkler nol appeared before mittee to testify that he had. Rep “Your test imony then,” he was “Absolutely Then he related how he had dis covered the notes at a director meeting and complained to President Grady, who intimated that he did not want to d ihe notes at the mee:- ing. After the meeting he said ae talked..with Mr. Grady tely and was told that the F al one because he had made an 2 ment with Mr. Townley. whereby money from the state bank would be kept on deposit to cover the loan + he w told, was making heceuse the nates bore 19 and the bank only paid the { porcent on deposits. admitted that he wrong impression garding the ch 2 Of money in the tra tion no mone} changed hanes. He Weld. showev under a’ severe grilling by both At- torne ser and) Paddock to hi original statements regarding the al- loged agreeme and TT, the wer'to the ques- whether he had the house com- y» replied hes ” he replied, percent state bank Mr. Cowell received the were money _ State bank 8 that the placed on deposit four the loans were made, i then manager, from the bank le produced had been months before in re} for dep’ awa by the state hank up- Wl Security bank uum- tH of which had not vere introduced. On¢ 3, nine day WANDY"—General “handy” laid the » of the new Racquet club The cra cheered sealed t records Just like an expert. PERSHINGS ithe his! Youth's Companion, | jveessveseeneseneeneaueagesecn ety seensUeUAEANOUAU AUGUSTANA MANUELA TEU HEAVEN UECAOAECADEL GOES CUARERESALEANUTUANGLEANLE A Too i dels with short capes. | WEBB BROS. “The Home of New Styles” NEW CLOTHES As Refreshing as Spring Itself. Suitsmuchin Vogue For Spring Since the suit is worn for such a variety of occas- ions it becomes an indispensible part of the wardrobe and must be chosen with care. The ma- terials to look for are piquetine, covert, tricotine, cord twill, wool jersey and serge. All of excel- lent quality. Especially smart are the new mo- QO eM IT Un MUTT HUET Priced at from $25.00 and up New Spring Hats Rich in Color These Following Fash- of taffeta ion’s trend the néw modes in mil- linery display ev- erything that is lovely in design, material, color and trimming. Here are smart Sailors, Turbans side rolls, flaring styles and jaunty t charming and un- You will find flings will dition to wardrobe. Th are different most you see. trimmed shapes in ¢ usual range of colorings. our prices very reasonable, EMI on July 28, ‘and another for 000 on Sept. 10. When asked = by 1 paper omen why these drafts were not paid, Mr. Cathro lied that he did not handle the transaction but that he understood that the Valley City bank, claimed an ugreement as cited by Mr. Cowell and! Mr. Ellis. : Mr. Ellis was instructed to return Monday with the records of his bank relating to deposits of the state bank. | for $3,000 POLIGE ARREST 3 MEN 2 WOMEN of Shoplifting and n of Draft are ———— Included FIVE SOFT DRINK nee PLACES REMAIN IN SALOON. ROW Moorhead, Minn, Feb, 21.—Out of the twelve old saloons at the head of bootlegging, the complaint being oric North Bridge, five remain | Worn to by States Attorney F. EB. snuff dispen-| McCurdy. It is alleged by police that ! Gandy has been peddling moonshine. His bond was fixed at $1,000. James Gandy, a young man, was picked up by the police and held for the federal authorities, who had a warrant against him charging eva- sion of the draft. Police picked up three young wo- men on charges of disorderly con- duct, and grand larceny charges were placed against one. Mathilda Han- Charges Ev: Several alleged law violators face! | charges as the result of activity of | the police directed by Chief Martine-} as George Gandy is under a charge of! as soft drink parlors, saries and pool hall: Two of the largest and probably the most widely known, have been reno- vated and divided into cozy little apartments. One is a garage, another a second-hand store, and still another, a soft drink parlor, “William. ‘Toole’s” converted into an apartment The old “Hathskeller,” has been transformed into apartments. The “Nickel Plate” is a second-hand store and the “House of Lords,” known far and wide, is a soft drink stand and garage. WILL F place has been house. BY NIGHT, Omaha, Feb, 21.--The air mail serv- ice announced night flying on the Co tinople route is to commence Tuesday. port trade of Great ased 61 percent over that Tho. 1 Britain in of 1919. A True Philosopher, : A retired sea captain, who lived In Orland, Me. w inordinately fond of his garden and very proud of its neat! and well-kept appearance. One Sun- day he returned from church and found five hogs busily engaged in wrecking his garden—the finest in all Orland, Leaning on the fence, he looked tong and earnestly at the result of their depredations, and his wife tears. The passing neighbors paused to look, and many a furtive glance went to the face of the eaptain to how he was taking ft. At last he heaved a deep ign and put his hand on his wife's arm, “Never mind, Polly,” he said, “You never ay dirt to suit a hog."— RALPH DAVIS. DEMANDS TRIAL—Ralph Davis, former church worker at Morocco, Ind. is under indictment on two charges of murder in connection with the death of his parents, whose bod- ies were cremated in a fire at the | Davis home at Morocco, Davis will oppose any efforts to free him on technical he says, as he wants: seu New Taffeta Frocks For Spring charming frocks with their quaint fluffings and ruf- delight the young miss who is look- ing for a delightful ad- her Priced at from $25.00 and up SU spring ese frocks from the FMM | son, of Minot, was charged with steal- ing a pair of shoes from a Mandan ‘store and a $50 dress from a local department store, Several shopli! ers have been arrested recently. Hel- en Hanson, said to be a sister of Ma- thilda, also of Minot, was arrested on a charge of disorderly conduct. WEATHER REPORT, For twenty-four hours ending at noon, Feb, 21 Temperature at 7 a. Highest yesterday Lowest yesterday Lowest last night Precipitation Highest wind velocity...... Forecast. For North Dakota: weather tonight and Tuesday possibly snow;' colder Tuesday. a APPOINT BURT N ‘Washington, Feb. 2: New, an Indianapolis attorney, has been appointed executive secretary of the democratic national committee. m. . 8—NW Unsettled witn To All Legislators: READ CAREFULLY We are mailing you a book that tells all about a product that is made in N. D., and in the city of Bismarck. Every person in the great state of N. D., should be proud. of this pro- duct. It is known as Gold Seal No. 10, and is a remedy for the tobacco and snuff habits. We have testimonials and affidavits from grateful men throughout the U. S. and Canada who have been cured from tobacco and snuff. Be sure to read the book carefully and take it home and tell your friends and constitu- ents about it. The book is. free. Price of full Treatment $2.75. We will send C. 0. D, or send check. INLAND CHEMICAL CO. 314 Broadway Bismarck, North Dakota Lenhart Drug Co., Local Agents