The Bismarck Tribune Newspaper, May 2, 1922, Page 3

A 7) , 'UESDAY, MAY 2, 1922... RECORD DISPUTE MARKS HEARING: IN WATER CASE; .,;, (Continued from’ Page 1) saditions made to capital *account, ete, y Refers to Valuations. (Mr. Hunt yesterday afternoon refer- red to his exhibits as to the valua- uation began with the valuation of city engineer as of Jan, 1, 4903. He | presented a number of papers con- taining figures. His figures represent- ed totals tor each yoar. (He said his statement was taken from the books of the company. ~A large part of his testimony was tech- nical. He said that, there was great) discrepancy betwen the testimony of the company’s witnesses in the previ- ous casa and as the cost is actually! shown by the companies books. Mr. ‘Hunt was asked by Mr. O'Hare t6: point out this with references to tho ‘testimony of Mr. (Murphy. Chairman Milhollan interrupted. saying that where records were plain the commis- ; sion did not want to drag out the hear- ing. Mr. O'Hare said there was a spe: | citic matter. | (Mr. Hunt said that the records | showed that payrolls on the construc- tion of the reservoirs in 1906 were) much smaller than the amounts re-| ferred to by Mr. Murphy. Mr, Mur- phy, in the previous case, he said, esti- mated the cost at $130,000. ‘He said that he believed there was no further need for comparison if the commission compared the testimony and actual records. Asked by Mr.) Stutsman why his record of the de- tailed cost of the company property | did not. extend. beyon! 1912, he said there was not the difference in the fig- ures beyond this period, ‘He said the total of net revenue for the year ending March 31, 1922, was '$39,016.14. There was slight delay | beause of a mistake in the typing of Mr. Hunt’s exhibit. The net rev- enue was the amount left for taxes, depreciation, dividends, etc., he said. Mr. ‘O'Hare offered the various: ex- hibits of Mr, Hunt and Mr. Morgan ob- jected. The objection was overruled, «- Cross-Examination. Mr. Morgan then took the witness and inquired as to his qualifications. Mr. Hunt said he was an accountant but not a chartered public accountant. He detailed various positions, including a position for one year as head of the utility division of Bishop, Brissman & Co. Mr. Goman referred to Mr. Hunt's employment by the city of (St. Paul | and his analysis of a report Mr, Bemis made. Mr. Hunt admitted he disagreed with Mr. Bemis and the cty council accepted Mr. Bemis’ report, butesaid ‘Mr, Bemis admitted later he was wrong. Mr, Hunt said he worked on the company’s books, taking extracts from the company’s. books in the office in Bismarck. He said he had been em- ; ployed on and off for three weeks. ‘He was aked if he had seen a re- port of a firm of accountants concern- ing books; of the water company, say- ing that the earlier records ‘had been damaged by water and were not de- cipherable, and that the only record was a rough cash record, He said he had and he disagreed with the report, saying the records appeared complete and accurately kept. (Mr. Hunt said that he did not con- cur with the accountants’ statement that the records from 1903 to 1909 were incomplete and there was not a statement by which the costs could be arrived at. t : Says He Found Records. Mr, Hunt said that he found the rec- ords of the company for the period of 1903 to 1912 were found not in regu- lar vault but {n a far corner of an old vault. He declared it took diplo- macy to get the books. iMr. Morgan declared that any stato- ment to the effect that the water com- pany did not give Mr. Hunt free ac- cess to the records was not true. He said that Mr. Hunt had been “turned loose” in the office. Mr, Zuger said he would back up this statement. Mr. Hunt was questioned as to the purchase “of the water company in 1898 by the Bismarck Water Supply Co. He said that a part of the pur- chase ‘price was assumption of liabil- -ities of the old company. He was ask- ed concernitig issuance of $100,000 of bonds. He fixed the time at shortly after Alexander McKenzie became head of the company. On cross-questioning Mr. Hunt said an appraisal contained in the report of the accountants was the samo as seen in the company records. He sa‘d that records he had seen indicated the appraisal was made by someone connected with the company, i Valuation of Property. The exhibits of Mr. Hunt~which, ‘were presented by him gave the actual’ investment of the water company at $250,672.72 on March 1, 1922, and present value at $218,596.92. He said his figures were arrived at by taking figures of City Engineer Atkinson prior.to 1908 and figures from the com- pany’s books after that time. His figures statéd the companies earnings for the year 1921 was: 11.7 per cent, and for six months, 1922, 13.4 per cent. In earlier testimony he said the —— CORNS Lift Off with Fingers Doesn't hurt a bit! Drop a little “#reezone” on an aching corn, instant- ly that corn stops hurting, then short- ly you lift it right off with fingers. Truly! Your druggist sells a tiny bottle of “Freezone” for a few cents, sufficient to remove every hard corn, soft, corn, or corn between the toes, and the cal- Wuses, without soreness or irritation. Have You... . which Radiate Your Health trouble. seemed to be the cause. taking Dr. Pierce’s’ Golden Medical Discovery and it has rid me of all this condition, I can eat and I feel fine. Dr. Pierce’s Golden Medical Discov- ery is the very best medicine I have ever taken for stomach disorders. I Medical Discovery to many who have been greatly benefited by taking it.” —Mrs. Mary A. Drakeley, 702 W, Winona St. Hotel, Buffalo, N. Y., for free medical pviee, or gend 10ce: for trial pkg. tab- lets. plant was built in 1887. He said Chi- leago engineers were. paid $100,000 for building it, in bonds, which brought only $84,000, He said owners contin- ued the operation of the Plant unsuc- cessfully. .In 1893 the Bismarck ‘Water Suppiy Co was organized( he said. He said the directors purchased the as- sets for $57/500. Objects to Testimony, ‘Mr. ‘Morgan objected to testimony relating to original costs on the ground that the present value was the correct method: of valuation. His ob- jection was overruled. Mr. Morgan said he asked to be heard later on the ‘general law involved. He further ob- jected to testimony regarding the com- pany prior to 1903 on the ground that insufficient foundation was laid. After a recess Mr, Morgan question- ed Mr. Hunt as to his statement of profit and loss. Mr, Hunt admitted that, he did not allow for personal proporty taxes, miscellaneous taxes, federal income taxes, appraisal costs in 1919, discount on warrants or bad debts. Mr. Morgan excused Mr. Hunt, saying he might be recalled tomorrow. Asked by Commissioner Stutsman, Mr. Hunt said he had not as yet made any statement or investigation as to whether certain charges were properly applied, in his statement of the company’s ex- penditures he ‘had not deducted any amount for property which had become obsolete and amounts spent for roe- placements, but that his exhibit in- cluded the capital expenditures and he would prepare an exhibit showing thése amounts. iHe said in answer to a question by |/Mr. Stutsman that he had not included tle indebtedness which might have been assumed by the Bismatck Water Supply company when it purchased the property in 1898. He said that two ‘of the men who were owners of stock in the Bismarck Water company were . | Stomach Trouble? s NES The Stomach’ Is the Center from Read this:—Austin, Minn.—‘About three years ago I developed stomach The nerves of my: stomach I suffered tion of the property. He said his val-'from loss of appetite until I began have also recommended this Golden Write Dr. Pierce, president Invalids’ Mr. Hunt, asked by Mr. O'Hare, said ! incorporators in the Bismarck Water Supply company. He testified these two men who were not named were the controlling stockholders in both companies. They sold: the. stock to Prtae McKenzie later, he testi- led. LARGE U. S. FUND SAID AVAILABLE ‘FOR IRRIGATION (Continued from Page 1) gation projects, particularly those within the state, and to ask by resolu- tiom the Honorable Secretary of the Interior to appoint a Commission of expert engineers of which the state engineers of’ Montana, North Dakota and South Dakota. should be mem- bers. “It is proposed that this Commis- sion shall make a Itherough survey and investigation of the Missouri Ri- ver and its tributaries in South Dako- ta through North Dakota and ‘to the ‘head of navigation near Fort BeNton, Montana, for the purpose of determin- ing where dams can be constructed ‘across Ithe river; for the purpose of controlling flood waters, diventing and storing them for irrigation puropses; and, for the purpose of developing hy- dro-electric power to be ® distributed ‘throughout the state to supply electric powers for railroad.and commercial purposes. “According to the report of the Re- clamation Service for 1920-21 there is $12,211,135.71 in. the reclamation fund of the Federal Treasury to the credit ‘of the State of North Dakota derived from ithe ..ale of the public lands of the state. We are advised that accu- mulated interest on-about that amount which has been loaned to othér states bijings' the ‘toll to (approximately $20,000,000, Montana thas $14,717,229.34 and South Dakota $7,616,789.89 as shown in the same report: Many Invited “All members of former Congresses will be members of the forthcoming session, All state, county and city of- DYE OLD DRESS OR DRAPERY IN DIAMOND DYES 1 ‘Buy “Diamod Dyes” and follow the simple directions» in. every package. Don’t wonder, whether you can dye or tint successfully, because perfect. home dyeing ig guaranteed with .Dia- mond Dyes even if you hayer‘never dyed before. Worn, fadéd-” dresses, skirts, waists, coats, sweaters, stock- ings, draperies, hangings, everything, become like new again, Just tell your druggist ‘whether the material you wish to dye is ‘wool or sik, or whether it is linen, cotton, or mixed goods. Diamond Dyeg never streak, spot, fade, or run. if Adv.’ “MONEY From Sewell Ford’s s CAPITOL WM. RUSSELL pen iss TONIGHT TUESDAY » 7:30 and 9 p.m. TO BURN” tory “Cherub Divine.” Also Mutt & Jeff Comedy and Fox News. Coming Tomorrow and Thursday W. K. Ziegfeld’s quarter-of-a-million production: “The Black. Panther’s Cub.” Says—“I Did MATINEE | Daily 2:30 TONIGHT TUESDAY WEDNESDAY THURSDAY SCHOOL-DAYS WESLEY BARRY» © a] The Acktingan Believe Me It’s Sum Pitchur” / EVENINGS 7:30 & 9 HUUALUUAAQUAEUU0VUCVNUTAOELGAUAOOUAUTAUCVAAUAUAGEUGAAOGETRUUAO AUT Sri = iinto the face, neck, arms and hands jand whiteness of your skin. iment of ‘the state lignite deposits may THE ‘BISMARCK GIRLS! LEMONS BLEACH THE SKIN Squeeze the juice of two lemons+in- to a bottle containing three ounces of Orchard White, which any drug store will supply for a few cents, shake well, and you have a quarter pint of harmless and delightful lemon bleach. Massage thig sweetly fragrant lotion that will be considered by ‘this Irri- gation Congress. with a representa- tion of twenty-two selators and more the United States Congress, all of whom are interested in flood’ control of the Missouri and Mississippi. ii- vers—states carved out of the old Louisiana Purchase. These states will doubtless be disposed to join in this general movement. States Interested each day, then shortly note the beauty are the states most vitally interest- ed in the possibilities of controlling flood waters of the Missouri and’ Yel- lowstone for the purpose of irrigation and the development of hydro-elec- |}. tric ‘power. There is more than $34,- 000,000 in the Reclamtion Fund of the National Treasury to the credit of these three states. This money 1s either lying idle or being loaned to other states, when its need is immi- nent at the present time for the de-| velopment of the vast resources of these three ‘great states. A concert of movement on.the part of these several states and their duly elected repre- sentatives im Congress will release this fund and promote the vast agri- cultural and commercial possibilities of the valleys of the Missouri and Yellowstone and their tributaries. - E. A, WILLIAMS, President North Dakota Irrigation Association. H. C. PLUMLEY, Secretary North Dakota Irrigation Association. THOS. H, SULLIVAN, Assistant Secretary. Famous stage beauties use this lem- on lotion to bleach and bring ‘that soft, clear, rosy-white complexion, also ag a freckle, sunburn, and tan bloach because it doesn’t irritate. ficiajs are ex-officio members. Boards of city commissioners, mayors of ci- fies and presidens lof commercial bodies may appoint five or more dele- gates to represent them on ‘this oc- casion. Editors of the daily and weekly papens of the state and citizens inter- ested in irrigation and the develop- also attend, “The “Congress will also consider the location and establishment of ‘large electric plants at strategic points near extensive lignite deposits for the purpose of furnishing electric power for pumping at small irrigation pro- ects. . “There are twelve states directly in- terested in flood control, a question than’ eighty-eight representatives in |- a Unless you see the name) “Bayer” on tablets; you are not getting genuine Aspirin prescribed by physicians - over 22 years and proved safe by millions for. Headache Colds Rheumatisr- Toothache Neuralgia Neuritis Earache Lumbago Pain, Pain Accept only “Bayer” package which contains proper directions. Handy “Bayer” boxes of 12 tablets—Also Bottles of 24 and 100—Druggists. 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