The Bismarck Tribune Newspaper, December 12, 1921, Page 1

The Weather Generally Fair FORTIETH YEAR BISMARCK, NORTH DAKOTA, MONDA DECEMBER 12, ’21 PRICE FIVE CENTS DRAKE MILL REPORT MADE P I | ee. DISCUSSING FARMERS’ PLIGHT, SHC. WALLACE TELLS PRESIDENT IS KILLED IX “THAT THE WORST SEENS OVER’ AUTO ACCIDENT Farmers Troubles Today Are Due to World-Wide Condi- : P R I 5 0 N BRS IN REVOLT; ATTACK, INJURE WARDEN tions Brought on By War ) FREIGHT RATES TO BLAME Washington, December 12.—Freely and frankly discussing the presen! plight of the American farmer, Secre- { tary Wallace tells the President in his. first annual report today that ; there “seems to be good reasons for | believing that the worst is over and that we may reasonably hope for grailual improvement from now on.” He adds that “a clear recognition of the conditions as they. exist should help us to realize this hope.” In large part the troubles of the farmer today are due to world-wide { conditions and the inevitable result of the world war, the Secretary of Agri- culture says, adding that it is not to be expected that by some “mira ulous transformation” the period of adversity may be turned over night | into a period of prosperity. ! High freight rates, big crops pro- duced in the face of high costs, un. employment in other industries inj; the country with attendant lessen- ing in ‘buying of foodstuffs, and. the | Jack of foreign markets for the farm | surplus are given by the Secreta { the more immediate causes for pre: ent conditions in agriculture. He lay | particular stress upon the lack of for-| eign markets and high freight rates: Terrible Indictment a terrible indictment of mod- | he asserts, “that | with such abundance here there are | millions of people overseas suffering | for the bare necessities and other mil- ; lions starving to death. And surely ! we are sadly lacking in our under- | standing of econSmic laws or in our | adjustment to them when the produc- | tion of bounteous crops grown by the | hard labor of 13,000,000 farmers and farm workers and their families is permitted to play such a large part in paralyzing our industries and bus- iness at home.” ‘Large advances in freight rates, while bearable in time of high prices, Mr. Wallace says, if continued are bound to involve a remaking of the | American. agricultural map... .. a “The simple process of marking up | the transportation cost a few cents a hundred , pounds,” the - Secretary writes, “has the same effect on the surplus-producing state as picking it up and setting it down 100 to 300 miles farther from the market. Agri- culture is depressed until the rates , are lowered or until population and industry shift) to meet this new con- dition.” With the heavy consuming popula- |; tion of the country massed near the eastern coast long distances from the producing areas, Mr. Wallace says, substantial advance in the transporta- tion costs have the effect of imposing a differential against American pro- ducers in favor of their competitors in foreign lands, particularly those to the south of this country, who have the advantage of cheap water trans- portation. ‘ The agricultural secretary thinks that when the country finally emerg- es from the present condition it will find itself at the beginning of a new agricultural era. Pointing to the large increase in the country’s population and the fact that most of the easily cultivated lands has been taken up, he says the time is not far distant when home needs will require prac- tically all that Américan farms pro- duce in the average years. “This means,” he adds, “a more in- tensive agriculture, with larger pro- duction per acre and lessened cost, if we are to meet foreign competition and still maintain our standard of , living-” i To Meet Conditions. | The department is planning to | meet these new conditions, Mr. Wal- | Jace continues, by strengthening cer- | tain phases of its work, more espe-. cially the scientific research, the ap- plication of the result of research to | farm practice, more extended studies of marketing farm cr6ps with a view | to reducing costs, investigation of both production and consumption at home and abroad for the purpose ‘of | better adjusting American production Inmates of Michigan Peniten-. rence, Driver of Car, of Blame tiary Attack Warden in Darkened Room GUARD QUELLS THE RIOT. Seventh and Broadway, after col- | Punishment For Ring-Leaders, "ls neck was broken. | To Be Flogged in “Bull Pen” of Prison -» Dec, 12—Michigan state police were standing guard in ; Marquette prison today following alin riot among prisoners yest ing which resulted in the “ous stab- [bing of Warden Cattlin, the: beating] of deputy Warden Menhennet and th perhaps fatal wounding of the latter’ on, Arthur, Three inmates of the prison charg- ed with leading the riot were to be flogged in the institution’s “bull pen” today, the punishment having been ordered by Charles Blaney, of Kala-'to walk against the fender. Swanson | hairman of the Michigan state! mazoo, n Commission. Warden Cattin received nine knife wounds, ‘. The outbreak came chapel during formance.‘ Perry and C troit, are a in the prison a moving picture per ypsy Bob” Harper, Ja irles Rohe all of De- Neged to have attacked | Warden Cattlin in the darkened room; tion showed that Swanson was dead and to have stabbed him with knives stolen fromthe prison.kitchen. Ar. thur Menhennet who was visiting his father intervened and received a tknife wound A prison guard sumimpned by one prisoner held the revolting inmates at bay with a revolvér and succeeded in marching them to their cell: Harper had expressed ill feeling with -the.. -warden.-hecause. -his. privi- leges had been revoked following cap- ture after his escape threo months ago. WOMEN STORM KANSAS MINE 2,000 Of Them Descend In Strike Protest Pittsburg, Kan., Dec. 12—A crowd of women estimated at 2,000, the wives and relatives of striking Howatt coal miners, stormed Mine No. 17 of the} Jackson-Walker company shortly af- ter 5 o’clock this morning and pre- vented the miners employed at the mine from returnipg to work. The mob of women appeared; to have no, leaders, and was composed trincipally of foreigners. They formed in Franklin about a mile from the mine. Men estimated to number 3.000 assembled at Franklin but did not march on the mine. About 125 miners had been work- ing at the Jackson-Walker mine. After storming the mine the wo, men went back to Franklin. Reports reaching the sheriff were that plans called for a similar demonstration to- morrow at two or three mines several miles from Franklin. PERMIT BOARD 10 OPERATE Washington, Dec. 12.—The Board of Trade of Chicago and members of that ‘exchange will be permitted: to oper- | ate after Dec. 24, under a revised or- der issued today by the supreme court. The order which is temporary ‘day morn- ‘FRED SWANSON MANAGER OF me investigation of po- liteness and general courtesy has been made in Bismarck’s stores, Agents have been at work. for the past week or two testing out clerks and store service. Some of the findings are interesting. What have you found? Vote today for your favor- ite clerk and tell us why. Address Courtesy Depart- ment, Bismarck Tribune, Bis- marck, N. D. POLITE 1S Collides With Machine, Falls To’ Pavement and Breaks His | Neck | UEST IS HELD TODAY, | Witness Absolves Ray | For Accident | Fred Swanson, carpenter, was in- | ‘stantly killed last night when he fell | ‘liding with an automobile. His head | {struck the pavement when he fell and | Ray Lawrence, employed by the | Gamble-Robinson company, was driv- | ROUGHT 10 j jing the automobile. H | | A coroner's jury was summoned ! N . D B jthis morning to hear testimony on i 1 a j ;the accident, which happened early | j Sunday night. | Herman Litt, 14, messenger boy for | ie Western Union, was the first wit- j ness called at the inquest, which was! District Approves $7,000( held in Webb's undertaking parlors. | Li 1, noo He said he saw Swanson . moving | In Week H er the street at Seventh and | Cae H | Broadway and watched his progress. + Fargo, Dec. 12.Approximately $7, | | The car driven by Lawrence, he , | 000,000 in loans for North Dakota j Was coming about 8 or 9 miles an | were upproved last week by the War | hour, The driver halted his car and! inance rporation, EK. J. Weiser, | wanson halted and | both started | state director for the corporation, said gain, he said, and Swanson appeared jhere today following return from War Finance Corporation ‘For fell back. ‘The boy said he heard jat work last week passing on appli. Swanson’s head strike the pavement, | vati jand rushed over to him. | (Litt, Arthur Brumeier, E. W. Mayer} yy jand Lawrence picked up Sw nson, | ced him in Lawrence’s car and drove, to the police station. Chief !Martineson was called and Lawrence i led Dr. Stackhouse. An examina- makes a total of $17,000,000 hich has been approved for this dis- trict,” Mr. Weiser said, and he pre- | ‘dicted that by, Christmas $10,000,000 tin loans for North Dakota will have ! been approved by the Washington of- j In | fice. fand had | The boy said he absolved the driver ! IS DISCHARGED' from any blame and _ it appeared | Phoenix, Ariz., Dec. 12—The | Swanson walked against the car. i | Swanson’s head struck the pave- | iment on one side, and caused aj bepra which Roy Gardner, escaped {wrenching blow which broke his j convict, was being tried here I neck, it was said. on a charge of robbing a mail car at} . Lawrence Takes Stand _ Maricopa, ‘Ariz., (Nov. 3, disagreed | Lawrence took the stand at his own} Sunday “afternoon and was” discharg- request to tell about the accident. ed The jury composed of C. H. Lien,! The jury was out since Saturtay af-4 John Baldauff and Oscar Swenson ternoon and had spent about seven rendered a verdict absolving Law-; hours in actual deliberation. Judge! ence trom blame. | ‘Sawtelle ordered the jurors rpt to| The jury found “that Fred Swanson’ discuss how they voted because of the| icame to his death through his own, taci that another charge against Gard- fault, while stepping in front of an, ner involving attempted robbery at; ,automobilo driven by ‘Lawrence” anc} Phoenix is to be tried immediately. that the “deceased falling on his back, | ! broke his neck, and the autopsy per-! itormed skowed fracture of the skull: ‘also, this being sufficient to cause! |death. Also testimony introduced; | showed the driver had perfect control | | of the car and is in no way to blame.” Mr. Swanson was 51 years oli and would have been 52 on Christmas Day \ \He had lived in Bismarck nearly # | | score of years being engaged in car-|Q, F, Pesonen Resists Charge In’ penter work. { ad 5a Surviving are Mrs. ‘Swanson and the District Court i following children: Mrs. A. B. Carley, | i Billings, Mont. Mrs. M. W. Picker-| -prjai of O. F. Pesonen, charged with probably been killed in- jury EMBEZZLEMENT TRIAL IS ON BRINSHTO SAIL FOR HOME ing, Eric, Arthur, Esther and Alberts} embezzlement, occupied the time of of Bismarck. ‘Funeral arrangements) uistriet court today. Mr. Pesonen | will not be made until Mrs. Carley| formerly was clerk of the school dis- reaches the city. / trict of Lyman township and his Sar pare | wife was treasurer. It is alleged that Pesonen, really doing the work of beth offices, misappropriated about $700. He pleaded not guilty and Is fighting the case. The case went to; jtrial after a demurrer to the infor- mation was overruled. : ' ‘ | A jury tound Martha Bryan sully, 7 % \of keeping and maintaining a nuis- 'Confident He Will Be Acquitted | ance. i John Holuzak was found rt guilty | of Murder on a charge of having mash in his | possession for the purpose of manu- | Los Angeles, Calif, Dec. 12.—The |facturing liquor. William Goodman ‘trial of Arthur C. Burch, charged | was found rot uilty. ‘with the murder of J. Beltcn Kennedy, ; broker, went into its fourth week to- ‘day. Continuation of the testimony ‘of C. §. Summar,’Los Angeles realty ‘operator, one of the state’s “prize” } i witnesses was expected with the op- rening of court. fe : Summar has testified that within | ‘an hour after the young broker was | |shot.to death he had seen Burch near jthe beach where the state contends | Feel Conference Will Be Over, \ to market needs, and studies looking | wa, made to meet the futures trading | the defendant threw a shotgun in the toward making available to the farm- ‘act which takes effect on that date. | ocean. er those services of modern business | Beas a PERE i being amused at the efforts. of the which provide needed credit on i NO SHAVES FOR COPS | state so far to convict him and de- terms and which may help to dis- | Calcutta, Dec. 12—Barbers in the, clares he was “just as confident as tribute production risks more equit- | Yowrah district of India, where riot-! ever” that he would be acquit ably. Keg tor thig workin ling has been going on, have refused = —_ sl ‘or this wi ave epee The amounts asked to shave the policemen sent there to) PASSES AWAY IN i | LOCAL HOSPITAL the coming fiscal year have been “re- curb the uprisings. One barber who duced to the minimum,” the Secretary | chaved a policeman was fined by lead-/ says, adding that in the future the jers of the “No Shave” movement. ' i | appropriations should be increased or erasiata ancien Ca just as rapidly as needed. y. : AN IRL wood, passed away Sunday morning eee BOYS D G s | in a local hospital of heart trouble, af- In this connection, Mr. i raw altepiion to. the Sater tie ARE INVITED TO itera tong itin She leaves a hi Congress granting permission 7 i ea ana ane oN combining cf the Bureaus of kets | WRITE A SLOGA dee ita oraatinineapella: 5 | Henderson, of St. Gregor, Minn | Didama Griffith, of Canada; M and Crop Estimates and the Office of ; Farm Management, into ‘which would | be merged all the forces of the de- | children of the city to enter the | Jington Griffith, of Underwood, partment that are engaged in ag Town Criers slogan contest which | Mrs. B. F. Woodall, of Huff. cultural economic work. ends Dec. 17, was issued by R. W. | National Concern Lumry, club president, through | lis for burial. Superintendent of Schools Martin. | Mr. Lumry, in inviting the chil. | In his discussion of present condi- tions, Mr- Wallace declares that, the | dren to enter the contest, empha- sized that many cities had found difficulties of the farmers are a mat- | ter of national concern and one that | slogans through the efforts of boys and girls of the city in em- should be given attention by every thoughtful citizen. phasizing in the shortest number er words possible an expression “We must accept the cold fact,” he { declares, “that agricultural produc- ; typical of the city and its attrac- tions to outsiders. tion in adequate measure can not be! continued for any length of time on | Slogans are being received each day, in the contest for prizes 2 basis Which does not give the pro- | amounting to $30. They may be ducer a fair price,” and proceeds to | show how inadequate prices to the ; sent to Secretary, Town Criers club, Bismarck, N, D. Mrs, Lillian R. Griffith, of Under- An especial invitation to School Jors tomorrow at 1 p. m. {wood pastor will officiate, assisted Rev. Halfyard. The body will be to-Minneapolis. for burial. Degree of Honor. DISEASE-PROOF POTATO London, Dec. 12—A | new __ potato, called Di F yield heavi farmer Jessens the nation’s buying j Continued jon) Eage 2) : {Pounds of tubers last season. Burch expressed himself as | and The body will he sent to Minneapo- | Funeral services will! be held at Webb’s Undertaking Par-) An Under- | Mrs, Griffith was a member of the Vernon, exhibited here, is said to be immune from disease and to . A single potato bought last year, its owner said, produced 56 By Dec. 31 MRR RRA C.R. GREEN, OF CAVALIER, NAMED OF NO. DAKOTA BANK ‘S PROBE IS ON |! Drafted For Position Says Gov- 2 ernor Nestos in Announcing. of New Bank; Appointment Head _C. R. Green, of Cavalier, Pem- bina county, has been appointed manager of the Bank of ‘North Da- kota by the Industrial Commis- sion, it was announced today. He succeeds F. W. Cathro, resigned. Mr. Green’s appointment com- Pletes the major appointments of the Industrial Commission, W. B. DeNault having been named manager of the rural credits de- partment and Lewis Crawford secretary of the Industrial Com- m.ssion. Mr. Green is president of the Merchants and Farmers Bank of Cavalier and vice-president of the Bank of Hamilton, He is former president of the North Dakota “State Bankers Association and was very prominent. in Liberty Loan drives during the war. In making announcement of Mr. Green’s appointment, Governor Nestos said that Mr. Green had accepted the position only be. cause of spirit of public duty. “Mr. Green has had a great deal of successful experience in the banking business,” the governor said. “He has two banks, one at Cavalier and one at Hamilton, and both are in excellent, condi- tion. He stands very high among the bankers of the state for his character, judgment and business ability, and as a public spirited man. The sovernor ‘said Mr. Green had been sought as counsellor for a number of public and semi-pub- lic organizations and that “he is accepting the position merely from a sense of public duty, as gne interested in restoration of the state’s credit and he is willing to come in and help during this period of reconstruction. He has been drafted for the position.” Mr. Green is expected to take up his duties Wednesday. The salary for the position has been fixed at $5,000 a year. ' STRIKES DO SAY PACKERS Officials of Union Go To Wash- ington to Seek Aid of Harding Chicago, Dec. 12.—Packing house officials of Chicago reiterated today that the strike declared one week ago by the butcher workmen and meat cutters has not materially interfered with their normal operations and they also stood firm in their refusal to meet arbitration overtures of union leaders. The union officials, however, were seeking arbitration and Secretary seeking arbitration and Secretary Den- nis Lane has gone to Washington to lay the strike and wage question’ be- fore Pres. Harding and the Dept. of Labor with a view of having the Pres- ident ask packers to meet officials of the organization. No report of violence has been made to the stockyards police within the past 24 hours. | Today’s Weather | oO For Twenty-four hours ending at noon, Dec. 12. Temperature at 7 a. m. 44 Highest yesterday ». 38 Lowest yesterday 34 Lowest last night . a Precipitation .. Highest wind velocity . race . 22-W Weather Forecast For Bismarck and Vicinity: Fair somewhat unsettled Tuesday. — « For Nerth Dakota: Fair slightly colder tonight, becoming somewhat unsettled Tuesday. Washington, Dec. 12.—(By A. P)—| tAll of the British delegates to the, armament conference with ‘the ex- | ception of Sir Auckland Geddes, Brit- ish ambassador, have arranged to sail | |for home December 31, on the steam- | er Olympic, feeling that the main is- | ‘ gues of the conference will have been | disposed of by that time.- | $50 FOR DOUBLE HOUSE + Ufford, Eng, Dec. 12—A stone-built and slated cottage, with schoolroom, g.{ adjoining, has heen sold at ne here for $50, MEXICAN VOLCANO IN \ Mexico City, Dee, 12.—(By As- sociated Press) — Popocatapetl, the great voleano southeast. of here, burst into violent eruption yesterday, a column of smoke and ashes being thrown 2,500 feet .| above the summit, Two aviators were ordered to the volcano 40 miles away to ascertain the seri- ousness of the outbreak. They reported they had heard heavy rumbings and that lava was Weather Conditions The pressure continues low over northern sections, the center of low- est pressure being over Manitoba. A ure area covers the south- | The weather has con- , excepting heavy rains on coast and light rains over of the lake region. Tempera- tures are above normal generally and much above over the Northwest. The weather in North Dakota will be fair and slightly colder to-night becoming somewhat unsettled Tuesday. ORRIS W. ROBERTS, ERUPTION; the Pac portion: AVIATORS SENT TO WITNESS IT flowing down the slope below the crater, Warnings haye been sent to villages near the mountains but reports indicate these small towns have heen deserted for weeks, Within the past month the vol- cano has heen reported active, eacht eruyition showing greater violence than the one preceding it and a serious outbreak is ex- pected, _NOTCRIPPLE, and slightly colder tonight, becoming | STATE NDUST UBLIC RY LOSES MONEY —— ATRATEOF $2,500 A MONTH, AUDITING FIRM REPORT SHOWS Loss of $21,000 From January 1 To October 15 With Probable $20,000 Further Loss — Mill Makes Money on “Hedging” But Found Not To Have Hedged Enough | Equitable Audit Company Finds ! | | i 1 The state - owned, ber 15, according to a | mission. The audit made was made .of Minneapolis, as of October | Industrial Commission then com |Lemke and John N. Hagan. 1 115 is given at $21,712.42. jment not sold or not paid for. ending Dec. 31, 1920, and | 088.09 for organization expenses An apparent loss of : April 27 and October GUNMAN AVOIDS DEATH CELL BY. DARING ESCAPE “Lucky Tommy” O’Connor Gets Out of Chicago Jail With Others ~ | “FRAME UP,” SAYS CHIEF: | Chicago, Dec... 12: O'Connor, gunman and killer, was to! have been led to the death cell in the; Cook county jail there to await his! hanging Thursday morning for. the} killing of a policeman, but instead was leading a combined force of 3,Qv0! police and deputies a merry chase “ait: | cer a sensational escape from the jail.) _ Four jail guards were overpowered sy O'Connor and four other prisoners but O'Connor's reputation as a killer’! suffered when he failed to use a re-! volver which had been smuggled to! him, The jail break was characterized} by Chief of Police Fitzmorris as a} “frame-up between O'Connor and the; jail officials” and the chief ordered / his men to bring in O'Connor dead,! not alive. All jail rules were violated | in handling the prisoner, according to ‘a member of the state's attorney's} office. One Man Caught i The most generally accepted theory! to explain O’Connor’s possession of | the revolver is that at the last minute | he obtained it from some jther pris- oner in the “bull pen’? who would be) less carefully watched. The prison- ers had just been released from their individual cells to mingle in the morning exercise period when the rush for liberty was started. The four who made the break with O'Connor were named Darrow, La-! | Porte, ‘Sponegal and McDermott. La-! ter Sponegal was caught in an alley} back of the jail having broken his |ankle when he dropped to the ground. i Wants Him Dead | Chief of Police ‘Fitzmorris threaten. | jed to suspend any policeman who tried | {to capture O'Connor alive and prom: | \ises promotion to the man who brings | {him in dead. |. “He will never surrender as long as} ‘he can shoot,” the chief said, “and 1 idon’t want my men to take any: ; chances.” Fitzmorris was bitter in his denun- jation of conditions at the jail He i charged O'Connor was literally “shov- ed out” of the jail by some official in- i side. “Somebody in authority at the jail let him go free,” the chief said. “It {was a deliberate conspiracy. They |gave him everything but a road map ; and street directory.” ANSWERS DESCRIPTION Chicago, Dec. 12—The chief of po- lice of Detroit, Mich. telegraphed Chicago police today that one of three men seen fleeing in a stolon automo- bile there answered O’Connor’s des- cription. REPORT BIRTH | OF 8 CHILDREN ' Mexico City, Dec. 12.—(By the As- sociated — Press).—From — Tampico comes a report published by El Uni- versal that Senorita Enriqnita Reibo In addition the audit company i for possible losses on storage account, or on flour The same firm made a report on the Drake mill endir é y at that time reported a year’s operation of $17,668.31 and in addition a charge of $15,- ciation, which manages the Drake mill. Loss On Each Barrel of $0.76 per barrel on all flour between A 15 is shown by rae ie continues this discussion barrels of flour sent to New York for sale on i ich’ it estimates there will be a loss of $2.00 per lane eee i$. Lucky. Tommy”... ' store, $148.08; gave birth yesterday to eight children but none survived. The mother is The Mexico City medical asso- ciation is showing much interest in the report and will institute an in- vestigation as to its authority. HEARS NEW SOUND London, Dee, 12—Lloyd James, pro- fessor of phonetics at Univ Col- lege, has covered a new sound in |the Zulu language. He calls it a “voiced lateral fricative—an ‘I’ pro- | duced with a stnong brushing sound {coupled with vibration of the vocai cords.” state - operated flour mill at Dra |money at the rate of $2,500 a month between January 1 roe report submitted to the Industrial Com- by the Equitable Audit company, 5, and submitted to the former posed of Lynn J. Frazier, William y a The audit report is sigy Thatcher, president of the auditing company, and ie a |lic by the Industrial Commission. The loss from Jan. 1 to Oct. sets up a reserve of $20,000 out on consign- for the year loss for the of the Mill and Elevator Asso- the audit company’s report. as to an additional 2,000 An audit company exhibit shows “that the average cost per barrel manufactured was $7.65 and consider- ing the cost at inventory at the be- ginning and inventory at the end, it shows that the average cost of flour old was $8.04 1-2." Continuing it St The exhibit also shows that the average sale prico was $7.28 1-2, or an average loss on each barrel of flour cf $.76, and “while our statement shows that this loss is apparently %.76 a barrel, which yields a loss on flour sold of $5,961.15, yet as a mat- ter jof direct application, the loss is considerably more per barrel.” The inventory values the plant and equipment at $29,013.73 and furniture and fixtures at $1,027.27. Long.on.Options The report states that on October 15 there are outstanding options of wheat sold jon the Minneapolis mar- ket which on a basis of the close on that date showed a profit of $982.50. Tt continues, however, to point out that on the basis of the wheat flour con hand and flour on consignment not sold the mill management had not “hedged” sufficiently to cover possible s, and says that “the total amount that the mill was long on Oc- tober 15th, was 18,000 bushels, against which have been sold 10,000.” The accounts receivable received much attention from the auditing firm. The storage account of $24,606.12 from which was deducted $20,000 for possible losses, showed much flour had been sold on open consignment accounts (to be paid for as sold) to stcres of the Consumers United Stores qompany, a bankrupt institu: tion, The storage account ledger balance Oct. 15, 1921, is shown as fol- | i0Ws: Flour reported sold by Consumer U. S. Co. but unpaid, $13,352.87; Cap- itol Commercial Co. of Bismarck, goods sold but unpaid, $3,130.14; Peoples Supply Company, Grand Forks, “defunct,” sold but unpaid, | $1,696.58, total goods sold but unpaid, $18,368.10; open consignment ac- counts, Cooperstown store, $11.70; Garrison store, $76.38; Carrington ‘store, $255.68; Devils Lake store, $638.50; Larimore store, $377.55; Co- lumbus_ store, $132.80; Courtenay Powers Lake store, $54.56; Turtle Lake store, $161.56; Bisbee store, $610.66; Fessenden store, credit of $168.03; Hurdsfield store, $78.20; Crosby store, $82.20; ; elevator accounts, Killdeer elevator, $278.97; Leith elevator, $1,493.65; La- kota elevator, $923.64; Towner eleva- tor, $1,123.14; Dover elevator, $148.26 (sold out), total $24,606.12, In discussing this schedule the audit company says: “Under schedule will be found a detailed statement of this account (storage account) the amount of which is $24,606.12. balance sheet we have deducted $20,- 000 as a reserve for possible loss, and parried onto the assets only $4,606.12. A litle study of schedule F will re- flect quite a serious situation. On our audit report of April 27th, 1921, we showed an amount due for goods ‘sold but unpaid, $18,368.10. In the past five and one-half months the only payment recorded at Drake against this asset is for $188.51, which amount is a 10 per cent dividend from the defunct Peoples’ Supply Company of Grand Forks, N. D.” A summary of the accounts receiv- able lists: accounts for which drafts have heen made through banks, $8.- 678.01; open accounts less than 30 days old. $3.858.50; open accounts 30 to 60 days old, $96.36; open accounts 2 to 6 months old. $83 09; more than ®& months old, $2,264.49, a total of $14,980.44 from which is deducted credits of $33.71. On the Recommendation Made, A loss of $823.88 is listed on sacks, listed as “estimated shortage.” The report lists 5.414 barrels used and 1,509 feed sacks, and uses the ledger balance and inventory of Oct. 15 to determine the shortage, A statement of nroduction from April 27 to Oct. 15 shows the followine: total ponds flour. 1.061270; bran, (Continued on Page 7)