The Bismarck Tribune Newspaper, December 20, 1922, Page 8

» SAYS LUMBER 2AGE FIGHT fon houses until one-half the pur- chase price was paid, which, under the amortization plan used, would be ten years after a house was built. It was, therefore, impossible to get funds from the sale of bonds on T00 COSTLY | Former Manager R. B. Blakemore, in testifying in a lawsuit here, ex- plained that advisers of the Indus rial Commission pointed out this defect in the law, and he said the failure to sell bonds was due to this and not chargeable necessarily to. the “Forty-two taxpayers suit.” Mr. Diehk reports that the stocks of lumber on hand when the present administration took control has been reduced until there is but about $200 worth of material on hand. Some Manager of Association De- clares State Law Did Not Bring Cheaper Purchase DISCUSSES THE LAW good sales. were made, he said, so that the inventory price listed by auditors was. obtained. Law Doomed to Failure at| The association is now in good shape to be liquidated, it is showa by the report. The matter of the houses which the association bui's. will only be disposed of after the supreme court issues a decision in the case appealed from Judge Pugh. Decision is expected before the first of the year. If Judge Pugh’s decision is sustained, according to Mr. Dieb the association will have but $171,000 equity in the ohmes and other assets totalling $50,000, while the total lia- bilities are $532,000. These include $432,000 loans from the Bank of North Dakota. s Gave Wide Powers The Home Building law was not the sort-of law many believed it: was, according to Mr. Diehl’s report. He Start Because of Way Drawn, Officials Declare The Home Building Association law did not result in the purchase of cheaper lumber by the association for persons desiring to build houses, according to a report made by F. EB. ichl, present manager of the asso- ciation, to the Industrial Commission, in which he summarized the condi- tions in the association. “In the purchase of materails dur- ing the period from May 1,to Decem- ber 1, 1920,” says Mr. Diehl, “the prices paid by the Home Building Association were uniformly ‘high- ranging from two to twelve dollars per thousand higher for common lumber than wholesale prices. How- ever, during this time the officers of the Association published far and Wide that they are purchasing lum- Wer at wholesale, and therefore, could build for 20 percent less than a pri- vate contract=could, The prices paid for lumber were by no means uni- form for the same grade on the same day, The files of this office show the purchase from the Burx- holder lumber company at a price ten to eleven dollars per thousand mor2 than was paid for like; material of the same grade in the other car, which was purchased from the Lear- ned Lumber Company.” Law Doomed to Failure The law, however, was doomed to failure from the start, according to various officials, because of the law under which the association was working. While this is not discuss- ed in Mr. Diehl’s report—he havng previously reported on it—he has pointed out that the law did not make possible the issuance of bonds many looked upon the Home Building law as of little importance not realize the dangers hid- den within its provisions, I will quote from some of the latters and reports issued by jofficials of the former ad- ministration to show their, interpre- tation of the law and to what a tre- mendous extent they expected to use it in monopolizing and socializing both city and farm property. The law gave the Association the right <o cquire real estate by eminent do- main, the same ‘as a railroad com- pany may acquire its right-of-war. The following, is quoted from a pamphlet entitled “(The North Da- kota Industrial Program” issued bv the ‘Industrial Commission on June 1st, 1921, second paragraphing,. page fifty-fo “When a member of a Home Buy- ers League has deposited with the Association 20 percent of the price of a home or farm he desires to buy, the association is required, upon his application, to purchase or build tie home or farm and convey it in due Our Closing Out Sale \ We Have Made Further, On Everything. Buy for Now and You Never Get Such Bargains Again In . ‘ Selling Here At Left on December 30th. Industrial Commission pamphlet to show that power was conveyed to acquire suitable tracks of land by purchase, sub-divide land into lots and lay out streets, etc. The law fur- ther said: “If occasion or opportuni- ty should arise it may plan the de- velopment of an entirely new agri- cultural community, by drainage or other reclamation project, providing schools, churches and other centers of industrial or. social life, by the construction of roads and the install- ment of telephones or other mean: of transportation or communication. It may install a community heating plant, light service or water works. or any facility needed for the fullest development of the home and community.” Dieh!'s office, written to R. W. Mui, of Hunter, Sept. 11, 1919 by the then manager of the soon as the Association has a ready finance and is thoroughly organized, through its operation, the state will buy and sell which constitute a farm home or will buy land and build buildings, selling such land and buildings at approxi- mately the cost to.a purchaser who has accumulated a deposit with the Asssociation of 20 percent of value of the purchase. The limit of acting manager of the association io K. S. Erdal, Fargo, on May 2, 19: ings me that $950,000 worth of bonds have been sold. He says the entire issue of $10,000,000 will be sold in less than sixty days. me that the Home Builders was going tobe the biggest thing on the League program and we arc ing to put on an intense campaign in less than thirty da; IS GOING BIG | Special Reductions: Men and Boy’s Wear LESS THAN COST _ We Don’t Want To Have a Piece He also quotes further from the the Letter Shows Purpose A letter found on file in Mr. ion said: “As land and buildings the farm home being $10,000 purchase price and city home $5,000.” Another letter written by the then I have had-a couple of meet ith Mr. Lemke and he advisea He informed What It Mea Discussing the above Mr, Dieki says: “The law “creating the Bank of North Dakota authorizes it to make farm loans not to exceed 50 percent of the value of the land on ‘whigh the loan is placed. The best authori- ties on farm loans do not consider that they are safe if made for more than 40 percent of the actual value of the land. We find the Home Build- ing law construed both by the offi- cials of the Home Building Associa- tion and the Immigration Department to mean that farms might be bought by the Home Building Association and re-sold on payment of only 20 percent of the actual cost, thus per- Later” ‘ The Army & Navy Store. G. P. Block on Broadway. DEPENDABLE ; GIFT SUGGESTIONS Wrist Watches Broaches ; Rings Cut Glass Silverware Hand Tooled Leather Goods Bismarck Mercantile Co. mitting the Home Buildin: tion in fact to make farm ioanes |G high as 80 percent of their actutl. value, This can but mean that the farm loan business would eventually be taken away from the Farm Loan Department of the Bank of North Dakota and Paced with the Home Building Asso MUSSOLINI T0 USE FASCISTI FOR DEFENSE (By the Associated Press.) Rome, Dec, 20.—Plans for trans- militant section of the Fascisti into “the militia for national safety” are in’ the hands of “Premier Musgolini and will be discussed first by the Fascisti\ leaders and then by ‘the next cotncil of ministers. According to these plans, the new militia will be independent from, but will work in unison withthe police force and will be at the: services of “God and country.” Only 70,000: men will be. allowed to join at first. These will be chosen from among.the Fascisti who xe given the best proofs of courage, self sacrifice and high moral qual- ities, The officers will be nominated by royal decree. , In case of war, the , | new militia: will form: an integral art of the army. " \ "The new unit will cost but little, -a8 there will be no pay except a very small stipend when the men are em- ployed outside their home town. The uniform will be the black shirt: of the Fascisti. \ “A LAST MINUTE GIFT is a guaranteed service and comparatively. inexpensive. Call or phone Oscar H. Will & Co. 319 3rd St. Phone 784-W. CORT ACHAT BRR WAL BO BR starts Pie A present which any man and boy appreciates. A’ good assortment which to’ choose ‘at prices A special discount of 10%° on all Knives will be given on all purchases from now ‘ until Xinas, or painful job if you have the right kind, of shaving tools. You can enjoy a cool, smoothe shave everytime if you choose your shaving outfit here—we have thé ‘best in safety, razors— plenty of straight edge raz- ors too, for men who prefer them—hones, strops and shaving brushes too, in good assortment. To Absolutely Know What You Buy--Know Knowles I ae Rings Diamonds, Pearls and other precious stones you can rely On pencits in ‘NOT POSSIBLE Thomas W.*‘Lamont, of J. P.. Morgan and Company, before the council of foreign relations.last night, in which he declared prospects of a loan to Germany was regarded today as. one of the most dignificant statements yet made on the question. tention of making a loan to Germanys he said “because she is not in a po- sition at the présent time to inspire our people with confidence to buy its bonds.” stated condiitons under which it is believed a German loan might be floated_in this country at some fu- ture time, not ‘a! large loan, but enough to enable over the hill.” + settlement of. the’ reparations prob- | “Flowers By, Wire.” This This Store is Full of Practical Christmas Gifts A general mark down sale of practical, pretty Xmas gifts “COME IN AND. SEE THEM. from 4 ranging from 50¢ to $4.00, * -, edges. | dar prices will be given on ‘,. all scissors and. scissor sets Shaving is not a digagreeable ’ lem and the fixing of a definite sum so.that Germany would be aware ‘of her obligation. PUT EX-HUSBA HUSBANDS TO WORK WHO SEEK JAIL EASE) = 008 NOW SAYS BANKER|" New York, Dec, 20.—An address by New York, Dec. 2¥—Dr. Anna W. Hockfelder, lawyer gnd recent can- didate, for state senatorship, aims to disrupt the “alimony club” at the Ludlow street jail, where ex-hus- band’s unwilling or unable to con- tribute to their ex-wive's, live ‘in idleness, Her plan as she has outlined ‘it was simple. “Put ’em to work,” “That’s the remedy.” So, she asserts, she will ask the next legislature to amend the ali- mony laws, making it compulsory for: jailed exihusband’s to work, the pro- ceeds from their labors to be turned over to the ex-wive’s. . The American people have no in- cord At the same time, Mr. Lamont she said. ermany “to get These conditions ‘were, he said, the 4 / THURSDAY, DECEMBER. 21 “NOTHING BUT THE TRUTH” || ie : —Presented by— ie |’ ‘The Senior Class / —at the— ' / City Auditorium a Admission 75 Cents. | ‘AN ELECTRIC IRON \ GIVE: A CARVING ‘SET y A useful: gift. sien user article in every * PHleed at 10% discuont from now until Xmas. special for Christmas " CHESTS OF GOOD TOOLS We sell Universal Scissors ‘because every pair is uni- formly good and will give long eervice; whether you choose one of the little mani- cure acissors, a large pair or any size between, you'll get sgissors of good steel with properly €Tound cutting 10% Discount from regu- * from now until Christmas, _ FLEXIBLE FLYER A present in which all the boys, are interested. Priced trom 96,00 to $10.50, —and— Fire Fly Sleds just what the regular. boys and girls want. . 10% Discount Our Christmas special 20% from our regular price from now until Xmas, discount, : _ 777 WEDNESDAY, DECEMBER 20, 1922 = LAHR MOTOR SALES CO. Flowers--- —All kinds of Christmas. Flowers, Holly, Mistletoe, Evergreen, Winterberrie, etc. Please Make Your Selections Early. “Flowers By Wire” for distant friends. Last Minute Shoppers may take advant- age of the services of 3,000 florists all over the country. f \ OSCAR H. WILL & CO. 319—8rd St. ) ‘ not be original and give an automotive gift, this year?‘ Odidieleieieieierererererererere CHRISTMAS. - HERE AGAIN Are you going to give the same old stuff? Why Toe | >. SEE OUR DISPLAY— THAT'S ALL oor Lots of Flowers Phone 784-W. . We deliver. A Practical Gift The een day tendency is to avoid useless gifts, perhaps in- trinsically valuable, but of no permanent worth to the recipient. A savings account in this bank will solve the problem of what to @ give. The pass book will be issued in an attractive holly envelope’. and a savings bank made up into ” a pretty Christmas package wil! be given with the book. Can. you think of anything nicer or more worth while to give? One Dollar starts an account. The First National ‘Bank The Pioneer Bank Bismarck, North Dakota USEFUL ‘GIFTS FOR MEN Watches Chains Fountain Pens Gold and Silver