The Bismarck Tribune Newspaper, April 10, 1922, Page 3

AN MONDAY, APRIL 10, 1922 INDUSTRY BODY FUND DEPLETED IN BOND SALES Commission is Left With $35,000 Unpaid Bills and Depleted Balance, Report Says A DETAILED STATEMEN! Expenses of Bond Sale Cam-; paign and Other Expenses | “Are Reviewed in Report The present Industrial Commission was left the job of settling many of| unpaid bills in the bond sale cam-j paign conducted by the farmer league} Industrial Commission, it is revealed in the audit of the Industrial Com-~ mission books by Bishop, Brissman and Company. Of a total of $57,044 the former commission charged-$21,730.50 to the Bank of North Dakota, leaving the commission wtili $35,314.26 unpaid bills on hand, and a badly depleted treasury. The unpaid bills of the bond sale campaign, the total expense of which is fixed at $226)119.47, include many bills of George T. Webb for which money was advanced by ithe Bank of North Dakota, advertising in the Nonpartisan Leader, telegraph, ad- vertising and other bills. The appropriations for the Indus-|%; trial Commission, made from the gen- eral revenues from taxation, had amounted-to $225,000 on Dec. 31, 1921, the report shows, of which there was left about $98,000, not including un- pafd pills. A detailed statement of the expen- ses incurred by George T. Webb in the bond sale campaign is shown in the report. The Bank of North Da- kota ‘placed a total of $104,670.82 to ‘Webb's credit in a Chicago bank from April to November, 1921. Can- celled checks for the withdrawals made by Webb are missing. How Withdrawals Made Webb maintained offices in Chica- ‘go and ‘New York for the purpose of publicity in the interest of the bond sale, it is stated. The Bank of North] ” Dakota established. a “George _T. ‘Webb Special Account” with the Merchants Loan and Trust Co., Chi- cago, Ill., and made the first deposit on ‘April’ ‘1, 1921, The audit report ‘then gays: “withdrawals on this account were ‘apparently made byychecks drawh by Geo. T. Webb. ‘No such cancelled checks ere produced for examination or found’on file in the office of the Industrial Commission or the Bank of ‘North Dakota. The Merchants Loan and Trust Co. advised us that the cancelled checks were ‘returned to Mr. Webb. “The method of handling this bank account was that the Bank of North Dakota established a Revolving Fund of $10,000.00, and Mr. Webh would submit vouchers to the Bank for ex- penditures made, for which Reyolving Fund was reimbursed by the Bank of Dakota. The Bank of North Dakota in turn would be reimbursed by the Industrial Commission.” The expenses of Webb, which in- cluded various items, contains <@ statement of expenses at the Biltmore Hotel, New York, totalling $2,370.47) from May 5 to October 4. For the wéek ending May 5 it cost Mr. Webb $121.77 at the Biltmore; for the week ending May, 16 it cost him $424.10, the record shows, while expenses for other weeks are for amounts varying greatly, most of the weeks’ expenses being above $100. “Commissions” on the sale of bonds were made to many farties, it ap- pears. Among the payments were: ‘Horace A. Davis, New York, $20,000. paid by check by Mr. Webb from his special account; Herbert L. Bigelow, Cincinnati ‘radical preacher, $1,535.47; J. J. Hastings, former financial sec- retary of the Nonpartisan league, now under arrest on a charge of em: bexzlement, $2,000; Leslie Simpson Dickinson attorney, $250. Entertain- ment, taxis and other similar bills are included. The Equitable Company, which, ac- cording to a previous report, rewrote the records of the Mill and- Elevator Association, also apparently rewrote the records of the Industrial Com- mission. The audit report says: “Under the caption of general ex- penses is item of Equitable Audit Co. $250.00 and apparently covers the re- writing of the Industrial Commission records. Two journals were found in the office of the Industrial Commis- sion. One journal covered the trans- actions for the years 1919 and 1920, and appeared to have been originally maintained by the office of Industrial Commission; and the other journal covered the transactions from the be- ginning (1919) to the latter part of 1921, and in this journal, we were in- formed- by Mrs.’ J. W. McGuiness, stenograper, the transactions were written ‘by the Equitable Audit Co.” A complete Statement of the ex- pense of the senate investigation con- ducted by the legislature last year, the expense being met by the Indus- trial Commission, is shown. in this connection there are many here who recall the statement of Senator B. F. Baker, the Nonpartisan league candi- date for-Governor, made on the last Might of the legislative session, that the senate investigation would cost nothing. A total of $7,482.29 was paid out in this investigation. Many of the bills incurred in the house investigation are unpaid, because of failure of the legislature to appropriate money and refusal of the state auditor to recog- nize the house right to spend money for the purpose. The senate audit committee ex- pense included: proof-reading, $1,- 254.00; reporters service, $480.00; stenographer service, $40.00; trans cripts, $2,911.56; other expenses, $265.07; legal fees, E. R. Sinkler, $1,227.39; witness fees, $100.00; sta- tionery and supplies, $118. 32; salary «Cc. K. Gummerson, former reporter Courier-News, $240.00; salary of Rex (Large, formerly with Minneapolis league paper, Asst 335 expenses, $315.462.0 ‘Appropriations . for the. : Industrial Rev. C. E. Hetzler, ginia, will address a meeting at 8) o’clock in the Presbyterian church this evening. Everybody is invited to hear. him, and especially all young people, Ho is very interesting and well worth hear- | ing. (Rev. Hetzler will talk on the “Four Square Program of Christion | Endeavor.” Commission totalled to Dec. 31, 1921, appropriated in 1919 and $25,000 for the year, 1921, Expenses total $126,- 426.28, leaving a balance of $98,- 673.72, and the $35,000 unpaid pets on Dee. 31. BANK OF NORTH DAKOTA, LOSS IS $150,475.64 (Continued from Page 1) losses deemed certain to result to the | Bank of North Dakota, the audit re- port says: “The Bank of North Dakota, Assets [tem of Interest credited to Earnings but not Collected, of $263,219.58, in- zludes interest accrued but not col- jected on Farm Mortgages of $163,- 57.19. We understand that as the} Mortgages are delivered to the State :Teasttrer the interest coupons are col- lected by him and used in the pay-, ment of interest of the Real Estate Sonds and if the Bank of North Da- xota fails to recover this interest, which is carried as an Asset, the Book Deficit of the Bank will. be corres- sondingly increased. “Also the A f the Bank rep- cesented in tr tions with the Closed Banks; Lioans and Discounts; Redeposits; Ovérdrafts; Farm Loan ; Special Collections | ’ Proofs of Claims; in ull amounting to $1,682,765.57, are all} reflected at face value, and the very | naterial losses which will be. sus- ained in the final liquidation of these | A will equally increase the Book Deficit.” Illustrative of the shrinkage to be sustained in these assets the auditors all attention to the account of tne Scandinavian-American Bank, Fargo, now, defiinct. Loans and discounts of he Pank of North Dakota amount to 3138,735. redeposits, $232,098.20; overdraft, ‘gu 5,615,29; totalling $236,- 568.00. Sees Heavy Future Loss Further the report says: “Assets of the Bank of North Dakota of ‘Loans and Discounts, Open Banks, Corpora- tions and Individuals of $1,390,818.70" and due from ‘Country Banks of $1,- 058,712.49, and all of the Assets, are | stated at full face value. . A large amount of the Loans are represented in renewal paper. It is apparent that a considerable amount of the assets will_be slow of liquidation and realiz- tien and considerable. ultimate losses sustained will greatly increase the said Book Deficit.” In summing up the situation the audit report continues: “You will ob- serve the serious condition reflected by the fact that the Demand Liabili-| | ties are $1,784,421.44 in excess of the Current or Demand Assets. After add- ing thereto ‘Other Realizable Assets und Loans and Discounts of Open Banks, Corporations and Individuals, and deducting therefrom the Time De- | post Liabilities, the Liabilities exceed the Assets by $1,595,656.10. Adding thereto the Frozen Assets—Transac- tions with Closed Banks of $1,682,- 765.67, and Fixed Assets, represented in the Construction account of the Grand Forks Mill, the Drake Mill and Furniture and Fixtures and automo- biles of the various enterprises, the flects 'Net Assets at face "Learn a Word Every | Day —— o—- Todays “word is INSURGENT. It’s pronounced—in-sur-Jent, with accent on the second syHable. It means—A revolutionist, a_rebel, one who opposes a government or system. rf comes from——Latin “insurgere,” to rise up. It’s used like this—‘Insurgents are attempting to upset the present regime in Ireland.” iA Thought For Today 9 See that ye walk clreumspeetiy, not as fools, but as wise, redeeming the time—Ephesians 5:15-16. What is meant by redeeming time? It is to Till the hours full of the rich- est freight, to fill them wtih the life of thought, feeling, action,’as they pass by. One moment of self-conquest, one good action really done, yes, one effort to do right, really made, has the_seal of time put upon it—James Freeman Clarke. Stubborn Cases of Stomach | Trouble Yield Promptly to TANLAC 25,000,000 Bottles Sold THE RISMARCK TRIBUNE ‘WESTERN FARMERS TO GET HIGHEST ’ TARIFF WALL PROPOSED IN CONGRESS | | Western Ae bs Receive Bene- fits at Hands of Senate Fi-| *— nance, Committee, According to Senator Capper, Kansas, Republican, Who Sees New Era of Farm Prosperity As- sured by ‘the Committee’s Stand Washington, ‘ape 10.—In the opin- ion of Senator Arthur Capper (K.), of Kansas, agricultural interests. will be granted the highest protectives rates as a whole eyer produced by any Con- gress, in the new tariff bill as it] emerges from the finance committee, of which Sen, Porter J, McCumber, Republican, North Dakota, is chair- e| Christian En. |™8?- deayor field sécretary of West Vir- |. With hides back on the dutiable list, wheat protected by a rate of 30 cenis ;@ bushel on all importations, and wool bearing a duty that ‘is almost to pet regarded as an embargo, Senator Cap-! ber ibelieves that agriculture is about ;to enter a peried of-new prosperity, The tariff bloc met its match in the | big soap lobbies maintained in Wash- ington to fight the attempt of western Yarmers to impose high duties on veg- able oils, which enter largely into the Manufacture of soap and suc | $225,000. Of this amount $200,000 was | nots, such, prod Hides on Dutiable List. On butter, eggs and corn the fates conceded by the Finance Committee range fronr 1 to’ 2 cents lower than those demanded by the agriculturists, ‘but even so they are being kept at the level contained in the Fordney pill. Green and dry hides, admitted under the free list in the Fordney bill, will bear a 5 per cent,ad valorem duty when the bill is reported to the ate. It is inevitable that this will precipitate a hard fight in conference between the two houses should the Senate back up its committee, Cotton schedules suffer at the handg of the Senate Committee, per- haps, due to Jack of influence on the part of southern Democrats. While the proposed rates are about the same as in the Fordney bill, Senator Cap- per said a determined fight would be made to afford southern: growers a greater degree of protection. Long staple Egyptian cotton is made duti- abie at 7 cents a pound, as in the emergency law, A: rate of 15 cents was asked. Short stable cotton, for which a duty of 15 cents a pound was demanded, would be admitted under the free list. A rate of 33 cents a pound on wool of “clean content” will raise a virtual embargo, despite the fact that the tariff bloc insisted on 45 cents, which is the duty in the “emergefcy tariff” law. While a higher rate, of course, would be ‘more to the liking of wool growers, it is believed the proposed duty will provide a sufficient wall to keep down importations of Argentine and Australian wool, POETS’ CORNER, ‘4 |, POETS’ CORNER THINK THIS OVER When someone stops buying, + Someone stops selling, When someone stops selling, Someone stops making; When someone stops making, Someone stops earning; - When everyone stops earning, Everybody stops buying. Then the bread line—and no bread. Don’t let business slow down To the bread line. Buy what you need ‘So others can buy What you produce. BUT—— When people start buying Things that they need, Then supply wakes up And runs with Demand— Sellérs start selling, ” Makers start making, And earners start earning. Everybody gets busy; Everybody makes money; Money tirculates; The business drouth ends— That’s the way Prosperity comes ‘To everybody. Don’t lock the door on Prosperity; Buy what you need So others can buy What you produce. —H. L. Ruggles. Senator Capper declared an at-| night; Tuesday fair with rising tem- tempt would be made on the floor of the Senate to increase. these rates w which are .in pearly’ every case con- fn PEOPLE'S FORUM | ‘ow TIMER TALKS, ~ Smoke ’Em Out Pat Casey left town today fer Ireland, singin’: “Pl cut my way where the bullets fly, An’ follow up the trail until I die.” Smoke ’Em says the west ain’t what she used to be, an’ he's a-goin’ where there’s real life. The constituents ought ta‘ be more easy on the candidates that are out fer office, Accordin’ to the announce- ments there’s so many bein’ forced to run that they might get played out when the real office work comes, The frogs are hollerin’, BILL, Fort Yates, N. D. WEATHER REPORT For Twenty-four hours ending at noon April 10: Temperature at 7 A. M—30. Temperature at noon. Highest yesterday—5s. Lowest yesterday—43. | ‘Lowest last night—29, Precipitation—Trace. ‘Highest wind velocity—24-NW. Weather Forecasts FOR BISMARCK AND VICINITY: ‘Cloudy tonight; Tuesday fair with rising temperature. HOR NORTH DAKOTA: Cloudy to- perature. Regular meeting Bismarck Chapter No, 10, tomorrow night at 7:30. MANDAN NEWS _ | Methodist Church: Is Dedicated At Services Sunday, RAISE $10,000. Nearly $10,000 was raised at the dedication of the new church, vir- tually making it debt-free. Much enthusiasm’ was manifested by the members of the church. Bismafck people who iattended the dedica- tion returned gnthusiastic over | the building and the ‘success ‘of the congregation, A double quartette from Bismarck furnished music, The dedication services for the new! Methodist church in Mandan were| held yesterday. A dedication supper} wads given, at the new, church Satur-; day evening,,and meetings had been: plamned for all day Sunday. ¢'Adolpli Schaeffer, superintendent of ‘snare drums, At the seryice yesterday morning! Rev.‘ Vermilya brought.the official! greetings from tho board of home! missions who had allotted $15,000 aid! to the building of the church. Bishop! Burns delivered the morning address | and 4 splendid musical. program was) given. The dedication services were held at 2:30 o’clock yesterday afternoon.| The board of trustees officially pre- sented, the key to the church to Bishop Burns. Bishop Burns deliver-| ¢|ed the dedicatory. address, The new church has mow been! practically completed,, and while there is still.some work to be done, the edifice is ready for continued use. The interior of the new building is beautifully and artistically finished in a Tudor-Gothic effect, the ceiling is in old ivory, the side walls a mot- tled green and the trim is in a mixed water green and gold. Pews conform to the general architectural style of the church. Plans for the new church, were launched about two years ago, and members of the congregation, the trustees, and Itev. Thatcher and Rev. Harriss have worked unceas- ingly since to realize their ambition of a church building of such a splen- did type, adequate for the local needs for many years to come. The members of the local board are: Grant Palmer, president; A. A. Helmsworth, secretary; Freder- ick Mason, W. P. Borden, J. E. Tipper, R. S. Johnstone, Fred Mit-, chell, Adolph W. Schaeffer and A. K. Pierson. Grant Palmer is president of the ‘building committee; Adolph Schaef- fer. treasurer, | Frederick ‘ Mason, secretary,.and the other members are W. P. Borden, R, S. Johnstone and J. E. Tipper. Other officers of the church are;) Stewards, Arthur Clark, _ president. Roy Roberts, treasurey; Mrs. R. 8. Johnstone, A. W. Kuebker, Mrs. Arthur Keebler, Fred Fred Mitcnell, TONIGHT! TONIGHT! < N ~ out Th Pretty Girls. - Numbers. Zari Sanrain RIALTO! RIALTO! The Lone Star Beauty Review PRESENTING “The Girl of the Golden West” The Play That Will Live in the Hearts of Red Blooded Americans Through- Heaps of Comedy Situations. Lots of Plenty of Catchy Song New Novelties. THE SHOW YOU WANT TO SEE. Special Program of Movies. SAME PRICES. TONIGHT! TONIGHT! e Ages. Scenery. RIALTO! © RIALTO! UmUT NO <3ZzZmrv | Mrs. Roy Roberts, Mrs. ff: Allen and qe iss c. Nead. R. Thatcher is commup- ion stam: A, W. Schaeffer, super- intendent of the Sunday school, Nead, president of the Ladi Tit Mrs. Roy Roberts of the W.. F. M. S.; Miss Nanette Herington, pre- sident of the Epworth league; Mrs. the Junior league; Fred Mitchell, cen- tenary treasurer. , Lay preachers include Ira J. Seitz, Arthur B. Claussen, R. S. Johnstone, A. W. Schaeffer, Grace Bush and Agnes Etherington. Miss Ruth Renden returned Sat- urday from Northfield, Minn., where she is attending Carlton College, and will visit at her home here. Dr. L. G. Smith left yesterday for Minneapolis where he will attend the clinic held there the fore mat of the week. Regular meeting Bismarck Chapter No. 10, tomorrow night at 7:30. MUSICAL INSTRUMENTS (FOR SALE—Alto saxophone, E-flat clar- inet, violin, xylophone, Deagan or- chestra bells, child’s violin three complete’ outfit of trap drums and _ accessories, 500 dance ‘and concert orchestra num- bers. ‘All will be sold at a very low price for cash. F. 1H. Hurley, 900 Eleventh St. Phone 616M. a 4-10-1wk FOR SALE—Cheap. 45 full-blood S. 3. W. Leghorn chickens. Good lay- ing condition. . Coop and equipment. 423 Front. street, Bismarck. 4-10-4t WORK ®WANTHD—High school stu- dent wants to work for board and room. ‘Phone '538R. 4-10-3t FOR RENT—Two or’ three rooms for light housekeoping ‘or ‘sleeping rooms as desired. Furnished. Mod. oon ‘Phone 541R, 4-10 3t RENT—Three rooms, furnished or unfurnished. 719 5th St. “Phone 485M. 4-10 3t Meee es awneeeenne * Business is good. Chevrolet sales is “are actually surprising every- * * body. What’s the reason? ee ee es PAGE THREB ° Dance every Tuesday, Thurs |8:30 at The Coliseum. ‘ 10 Cents, day and Saturday evenings a | per dance. ~ TONIGHT & TUESDAY SHIRLEY MASON “Little: Miss Smiles” About a little girl whose smile saved her mother’s eyes, her brother’s life, her father’s self-respect, and won the heart. of a true man. Fox News Mutt & Jeff Cartoon WEDNESDAY and THURSDAY EARL WILLIAMS —in— “BRING HIM_ IN” OPENING We beg to announce the opening of the Park-Art Hair Shop. Expert Operator for Marcel Waving, Shampooing, Facial Massage and Manicuring. 9 Hoskins Bldg. Phone 408. AUDITORIUM, BISMARCK Wednesday Night, APRIL Seats on Sale Monday.’ Harris & Woodmansee. Curtain 8:20. WAGENHALS & KEMPER Present * . The Dramatic Sensation of New York and Chicago By MARY ROBERTS RINEHART & AVERY HOPWOOD 12 Nights in Chicago |40 PRICES. $2.75, $2.20, $1.65, 55c.’ War Tax Included. THRILLS AND LAUGHS [500 X2"%.| Matinee i Daily 2:30 Evenings , |. “G30 &, 9. ‘ TUESDAY and WEDNESDAY Norma Talmadge “PENROD” with WESLEY. BARRY: Booth Tarkington himself chose Freckles.Barry as Penrod. everyone thinks Penrod ought to be. It’s filmed just as Tarkington wrote it. TONIGHT—MONDAY D. W. GRIFFITH’S “THE LOVE FLOWER” “The _ Wonderful . Thing” THURSDAY and FRIDAY And Freckles is just what