The Bismarck Tribune Newspaper, June 7, 1922, Page 8

nee PAGE EIGHT RURAL CREDIT | BOARD SAVED SOUTH DAKOTA Financial Ruin Was Held Off During Crisis of 1921 Thru This Institution BANKERS HEAR HIRNING Aberdeen, S.’ D.. June 7—South Dakota’s rural credit board was the bulwark which saved this state from financial ruin during the crisis 0! 1921 declared John Hirning, state su- perintendent of banks in addressing: the annual convention of the South Dakota Bankers’ Association in ses- sion here today. “Practically the only source to get money during the period of our hard- est trials with which to replenish our depleted reserve was the Rural Credit Board” the speaker said, “and many were the times when I thanked God for our rural credit law. This was practically the only place where our farmers and ranchers could go and get a long time real estate loan to pay some of their notes in the banks and in that way help to build up depleted reserves, or to take care of a cash letter or two. South Dakota, like other states, has passed through a financial depression the like of which is unknown in the history of the state. As a result of the World War the prices of our pro- ducts climbed sky-high, and with the increase of prices our bank deposits started to climb so that deposits in state banks alone rose from $51,000,- 000.00 on June 30, 1914, to $196,000,- 000.00 on February 28, 1920, the high point. Too Much Credit “The high prices, as well as the necessities of the war, encouraged production, and credit was extended as never before. The federal reserve banks and large city banks were ask- ing for paper; the city banks sent their representatives out soliciti bank accounts and promising unl it: ed credit. Then all at once, beginning in 1920, prices started to drop and im- mediately the lending banks became nervous and began to call for their loans. This of course necessitated the selling of cattle and farm products! with the natural result of clogging the market, and the result was still a further drop in prices. Consequently our bank deposits began to decline, so that on December 31, 1921, de- posits in state banks alone amounted to only $134,000,000.00, a decline of $62,000,000.00 from the high point of February 28, 1920. : “On account of low prices, liquida- tion of loans was almost impossible and the result was that our banks, most of them managed conservatively and in good reserve before the slump, found themselves over extend- ed and their reserves wiped out. The credit that was so freely extended and extravagantly promised was practically shut off. Eastern loan companies and insurance companies to whom we sold our real estate loans quit loaning. The federal farm loan banks ceased to operate and correspondent banks, while in most instances willing to carry loans al- feady made, only in rare instances granted additional credit for the rea- son that they did not have the mon- ey to advance. Thank God For It “To the rural credit board and to the state treasurer the bankers of; South Dakota turned, when they were backed against the wall. To them they went for assistance in the way of a short time deposit to help carry over a period of temporary embar- yassment, Again I say, and I know nearly every South Dakota banker present will join me in saying, Thank God for our Rural Credit Law, “But I am reviewing past history, the worst is over so far as South Dakota is concerned. General condi- tions have improved. The March 10, 1922 call shows an increase of nearly $8,000,000.00 in deposits over the call of December 31, 1921, and our cash reserve showed over 20 percent on that call. “Partial compilation of the reports for May indicate a still further in- crease in deposits and in reserves and the nrospects for a good crop were never brighter than they are this year. “Let us forget the dark days of the GYPSIES TRAVEL HOOVER AND TO END Washington, June 7 (By the A. P.) —Secretary Hoover in a report to the senate today disclosed that he and Secretary Davis had sought to pre- sent recently suggestions which it had been hoped would lead to a settlement of the existing coal strike but so far their efforts had been without result. The Commerce secretary’s state- DAVIS MAKING EFFORT NATION-WIDE COAL STRIKE ment, which was the first disclosure that the government had sought to intervene in the struggle between the United Mine Workers and Operators in the union field was contained in response to a resolution by Senator Walsh, Democrat, Massachusetts, adopted by the senate several days ago calling for information regard- ing the coal situation. come more of a burden than a joy?| Lydia E. Pinkham’s Vegetable Com- pound has helped many such women to regain their zest in life, and will help many more. IN MOTOR CARS Caravan of Nomads Stops East Of City Gypsies now travel in style. A caravan of nomads spent last night at the tourists’ camping ground east of the city. They had several Paige touring cars and large motor trucks to carry supplies. Women of the tribe spread in all directions from the camp, offering to tell fortunes of farmers and any one else who desired to peep into the future. There was one baby four months old and another two months old with the caravan, and the babies lay on a pile of canvass while dogs played around them. _ The caravan left Pennsylvania and is bound for the coast. i With the Movies | EAST LYNNE AT THE ELTINGE _A stage favorite, a play seen by five generations has been put into picture form. “East Lynne” carries millions of people back to the days when it was theatrical sensation of the stage. All the dramatic appeal, the pathos and the strength of the original is brought out in modernized form in the picture. While the theme of the story remains the same, mod- ern dress and settings have been used in the screen version and it well may be called an old friend in a new dress. The part of Isabel Vane is tak- en by Mabel Ballin while’ Archibald Carlyle is impersonated by Edward Earle. “East Lynne” is the attraction at the Eltinge for Thursday, THE CAPITOL A surprise finish that lands with the force of a Dempsey knockout laughs and chuckles and no end of de lightful thrills make “The First Wo man” starring Mildred Harris, one o! the snappiest comedy-dramatic hit: of recent months. It will be show: at the Capitol Theater today. “The First’ Woman” ends with : regular ©. Henry finish. It come with complete surprise, so deftly ha the ‘screen narrative been develope It recalls, for. example, such we! wrought plays of the stage as “Seve: Keys to Baldpate” and “The Bat” an: others of that class, in which the so lution of the mystery is not divulge until the final fadeout. “The First Woman,” in which Mil dred Harrjs repeats the brillant suc cess she achieved in “Fools Para. ! dise,” has to do with the experiences of a young wontan of the stage in her efforts to convince a noted playwright that she really could act. Billie Mayo portrayed. by Miss Harris, was rec- ommended to Paul Marsh, world fam- ous author, for the leading role in his new drama. Marsh had heard of her as a music hall headliner but re garded her as unsuitable for such an important part as the leading one in his show. He turned her down. Billie, however, wasn’t disheart: ened. She set about the task of con- vincing Marsh that she could act— with all the trimmings. Percy Marmhnt, as Marsh the play- wright, appears in support of Miss Harris together with a brilliant cast. BURLEIGH COUNTY TO BE THE FEDERATION OF WOMEN’S NONPARTISAN CLUBS OF HOME OF “GOOD GRAY POET” TO BE PRESERVED Camden, N. J., June 7.-—Walt Whit- man’s home here is to be preserved for posterity. A committee appointed by Camden City Council has decided that a shrine shall be made of the modest frame dwelling where _ the “good gray poet” passed the later years of his life and where he died March 26, 1892. The committee, which is headed by Councilman Frederick S. Von Nieda, will seek funds from the city for re- storation purposes. It has been sug- gested that the house be allowed to stand on’ its original site, and not’ moved to Forest Hill, where some would have it. The house will be used for storing Whitman’s relics. May 81 is the 103rd anniversary of the birth of the poet and plans are being made to observe the ‘event, 2 GIRLS FINED FOR BOOTLEGGIN Webster, S. D., June 7.—Misses Ida and Susa Moyk were in the coun- ty Jail todav'irder 30 days sentence for bootlegging. The two girls had been implicated previously with men in the sale:of liquor and had been let off with a lecture. Judge Walton decided the Jatest,.effense necessita- ted more than conversation. rhea al KOSITZKY CASE IS SUBMITTED The supreme court today has un- der consideration the Prater-Kositzky case, in which: William J. Prater through appeal to the supreme court seeks to regain the position of land commissioner, to which Carl R. Ko- sitzky was appointed by the board as successor to Prater. William) Langer and Judge W. S. Lauder appeared for Mr. Prater. NAVAL WORK TO CONTINUE}: Washington, June 7.—Work on all aval vessels permitted the United 3tates under the armament conference reaty would proceed at about the wesent rate with no reduction of orces, at any government yards under he revised naval appropriation bil! s completed today by the senate ap- ropriations sub-committee. Vorkmen Restoring Roosevelt Cabin Workmen’ are today engaged in re- airing and restoring the cabin which heodore Roosevelt occupied in the tad Lands of the Little Missouri and which now sets on the state capitol grounds. Partitions are being built; ‘estoring the three original roome in the little log cabin, including Roose- velt’s bed room. It is. planned to dace in the cabin furnitute such as was used in the '80’s in the ranch cabins. The resteration is under the direction of the focal D..A. R. Instruction given for all_band instruments. Ed. Stadsvold. Phone 558-J. Ramer opal Ege Howse at The. Epi | Parish Hol ah Sra Str Thursfiay. 7" HELD AT BISMARCK, JUNE THE BISMARCK, TRIBUNE Henry Spencer, well-known and pected citizen of Watertown, N. Y., who reports He has gain- ed 15 pounds. since..he began tak- in ‘anlac and always tell his friends how this*medicine © 're- stored his health, > / “My friends often say: ‘Never saw you logking better; what are you do- ing for yourself? and 1 always tell them:. Well, I am’ taking tanlac now,” recently declared Henry Spencer, 415 East St., ‘Watertown, a well-known and highly respected gitizen, , “For more than a year,” he said, “I seemed to be run down all over. From 160 pounds I fell off to 185, lost my ap- petite and my stomach gave me no end of trouble. The little I ate caused me to bloat with gas and I was sub- Ject to dull, heavy headaches: I had No energy and it:was all I could do to get around the. house. I had. dizzy spells when everything would blur be- fore my eyes and I had to catch myself to keep from falling. “Well, now, I have gained 15 pounds, feel better in every:way and can work as well ag ever, since taking Tanlac. relish what I’éat, ‘with a fine appe- tite, and gas, indigestion, headach and dizziness are completely gone. Yes, sir)" just cin’t say too much for Taniac.” ‘ Tanlac is sold by all.good druggists, CITY-NEWs- | St. Alexius Hospital Mrs. Pete Pfan. of Strasburg, Ar- thur Gilehrist’ of’.Sterling, and Miss Clarise Cleming entered the St. Alex- ius hospital yeste ‘day, i Bismarck Hospital men Raymnd Peerson of .Mandan, Grace McGogny of Ashley, Donald M'ddough of Mandan, Martha Aman of Lehr, Lou's Oberlinger® of Fredonia, A. J. Springer of Wyndmeré, Mrs. H. My- ron and daughter, Miss Tillie of Tay- DAILY. . Tell your chums about it. TIME AT. THE CLOSE, WEDNESDAY, JUNE 7, 1922 Ml dgnunnevnnecvnecenengennsuaaauecnccvnt cucneagansenvdseensducugegeeeneenvausvustavacensecvantacnevcsusvecsosdceeeceengecsnacenceesngevQuneuevauscenagdinl TT The Greatest Bargains Ever Offered IN MEN’S FURNISHINGS, AND WOMEN’S AND MISSES’ SHOES. READ THE FOLLOWING BIG BARGAINS — THEN COME IN AND EXAMINE THE QUALITY. 4 Women’s Wear WONDERFUL BARGAINS White Oxfords $5.00 values. $3 50 Only ....... Men’s Wear Bargains Union Suits Men’s Dress Shirts, all col- ors, all sizes. $4.00 and .19¢ 98c Fine Balbriggan, $1.50 sellers... Men’s Athletics, Special .... Beautiful Silk Shirts, $7.00 $2.00 values. ..... and $8.00 $ 4 95 White ange Shoes with G strap, é Men’s Lisle hose, 50c sell- ONIY esse ss and $5 sellers $2.90 ers. 3 pair for... $1 .00 Men's Pure Silk hose, $1.00 an .50 values 69 C. only Men’s Shoes Beacon Low Shoes, lies ...... DOwaD values ...... Men’s Dress Shoes. Edu- cator Brand. $7.50 and Novelty Shoes. Fancy Dress Shoes $8.50 values. $6.50 Brown Oxfords, Russian Calf, a very dressy street i, F —— BISMARCK COMMUNITY a VACATION BIBLE SCHOOL ——At the Will Sehool— «wa SUNE A Oh TWELVE DAYS ‘To all boys and ‘girls from Kindergarten up who like to sing, hear good stories, play games and do things. A most interesting study of the Bible is promised in each grade. Come to the Will School Saturday ‘morning, June 10, at ten o’clock and enroll. We are going to have a good time all the way along, and a BIG TO YOU WHO. THE*PUBLIC SCHOOLS shoe, oa $5. 50 Price ..... $8.50 ‘values ...... $6.00 Men’s Straws and Caps Dress hats, latest styles. Selling at 4 regular prices. Suit Cases A big line. Also leather hand bags and trunks, at 25% Discount. Heavy,’'Denim, ““! $1.50. values..... Men’s Shirts. One lot of 150 with and without collars. 69 Cc Your choice.... Men’s Dress Shirts. $3.50 values, $2, 59 Only ..°: Remember These Prices Will Be Good Up To Saturday Night. No longer. Shoe and Furnishing Store. SIEGAL’S “= TTT TT TO CAR WASHING CORWIN | _ Men’s Neckwear A splendid line of the latest styles and newest patterns at 14 regular price. lor, Mrs. Albert, Docker of Venturia, andg-Grace Snyder of Great Bend have entéred the Bismarck hospital. Carl Jungling of Garrison, Rev. J. Graeben of Balfour, and Jacob Klein have been discharged from the hospital. - ANNOUNCEMENT Ihéreby announce myself a8 a candidate for the office of County Auditor of - Burleigh County at the June 1922 Prim-'| aries. H. A. Thomas, Jr. Driscoll, N. D. N MOTOR CO, EE ARE LEAVIN JUST HOW ANXIOUS ARE YOU TO GET AHEAD? ¥our ambition says you are willing to go to any hanorable extreme, but; it is by your-actions that.the world will know what you really are.’ The poorest workman in the hardest, lowest ay yjob) probably ‘once had ambitions just as lofty as those you now entertain, But he failed to take any steps toward realizing those ambitions. He past and profit by the mistakes we; 8 and 9, 1922, ODD FELLOWS’ HAL. have made. No doubt our experiences’ o AOE during the last two years will make better men and better bankers out of all of us.” Vite “i! Thursday Afternoon, 2:30 o’Clocks ” ° PML Perr MMA | $1.00 ONE DOLLAR $1.00 Community Singing. Invocation ..Reverend E. F. Alfson . : sii made plans, but he-always put off making the start. He waited THE INDEPENDENT WOMAN) | Weleomiq Entertainment, ee ae for a fortune to'fall in his lap. He isn’t. waiting any longer. _He RTT! E. realizes his mistake as he faces the daily treadmill of existence. Appointment of committees: It is now too late for him to turn back. ig one of the brightest jewels which adorns our modern economic system. But too often this independence is gained at the cost of health, and the Publicity, Financial and Nominating; place of next meeting. Review of the Constitution. BISMARCK Here is an opportunity for you to save money. Trade ‘ Reports from the Clubs. : x Fee ra dchse e pecy to ere Music ........... ie eacitent Mrs. R. H. Thistlewaite in Charge ay: in that old worn-out Tea Kettle. We'll allow you $1.00 ousness, backache and despondency. “How the Nonpartisan Club May Make a Better Community for. for it, regardless of its condition, as part-payment on this Does not her independence then be-|f| ,. the. Rising Generation” ...... ealneneey ++++-Mrs. Floyd Paris : beautiful MIRRO Colonial 5-Quart Tea Kettle. This spe- 5 Thursday Evening, 8 o’Clock. can prepare you for and secure you a good business or banking cial introductory offer is made to acquaint you with the Music. - position. What it has done for others, it can do for you. Tele- advantages of ‘MIRRO Aluminum. “The Nonpartisan Club as a Second Opportunity for Education”... phone, call or write for particulars. *This MIRRO Tea Kettle regularly sells for $4.80. Denna cating’ ote tee Erendbete G. M. La Manager, Bismarck, N. D During this sale, if you bring in your old Tea Kettle, you ~M, Langum, ger, Ne Be can get it for $3.80. Social hour. Surely, you can afford this beautiful MIRRO Colonial Tea Kettle, the best aluminum Tea Kettle made, at this special inducement. You will find it a sparkling inspira- tion to have in your kitchen. Come in today and let us point out its features: Friday Morning, 9 o’Clock. Community singing. Reports of committees. Business meeting. Election of officers. Lunch. Friday Afternoon. Wig eveucnteca 6 * . . oat . Sure-grip, ebonized de- 6. Ri » 10-1 , eb- Open iscassion on “What Organization Means If It Is To Be a taehable handle in- cased enone eum wer.’ ures easy handlin; . g = “Relation of the Nonpartisan Club to Better Government” nal pouring: Be ay cary, aoe ++.¢Mrs, Zora Svendseaard 2. Projection on handle 7. Unusually wide base Music .. -_ Verna and Lois Williams ear prevents lid from means quick heating ‘ Viti ral “How the Nonpartisan Club May Help Us To Erase Prejudices ing wher i Our splendid facilities, equip. 4 Vot Conviction” ‘Mrs. Ro H. Thistlewaite falling m kettle is and fuel saving, ment, and thoroughly competent u an 4 ete a Conviction” .........+ . Mrs. R. H. jistlewait N oO RTH D A K a] a6 A tilted. 8. Famous Mirro finish. AUTO ELECTRICIANS, warrant bi aig cary pend 3. Spout welded on—no 9, Beautiful Colonial de- our assertion that we can Bive Friday Evening, 8 o’Clock at the Rialto Theater. eogsning, ae dirt- sign. Also made in prompt, dependable service for Community singing. STAT E FA | R catel ing joint. plain round style, EVERY type and style of Jenition MUSIC. cco ec Fy ee rete as aN Selected 4. Handle ears welded on. 10. Mirro trade-mark on ased on automobiles, trucks. an Mrs. C. A. Fisher, State President of the Women’s Nonpartisan een hang chiens every lees. fo ‘4 ‘ guarantee of excel- © JULY? tractors. 22-1922 A-1 ignition means a smooth cunnthg, powerful moter—we'll make YOUR car’s system work perfectly. Electric Service & Tire Co. 215 Main Street. Club, will deliver an address which every voter should hear. any position, lence throughout. FRENCH & WELCH HARDWARE CO. ent WINCHESTER stone Adjournment, A cordial invitation is extended to all these meetings. MRS. ARTHUR KNUDSON, County Secretary. to be present at all or part of ELLA C. BOISE, County President.