The Bismarck Tribune Newspaper, February 10, 1923, Page 2

PAGE TWO SHARPERS ON BIG DRIVE FOR WAR SAVINGS cretary Mellon Has Issued Warning to Holders of Government Securities Mo., Feb, 10.—Per- 1g effort on the s brokers and ‘Tancial to secure con- 1 or ctary Notes and War Savings ertificates in exchange’ for ques- ee or worthless bonds and tocks has impelled the United states ‘Treasury Department epeat the warning ed by Se- ry Mellon at the first of the year to holders of such _govern- ment securities, John A. Prescott, President of the Investemnt Ban ers’ Association of America said here tod “In addi strongly endorsed the action of he Investment Bankers Associa- tion of America which _ recently adopted a resolution prohibiting its | members front conducting cam- paigns for the trading gut of Li- y Bonds, Vetory Notes and r Savings Certificates into other securities,” added Mr. Prescott ed today~the govern- nent’s endorsement and approval of the ciation’s action. The President asserts that the resent redemption of Victory ‘otes and War Savings Certifi- ites, amounting in the first Naa a total of $700,000,000 an e other to the sum of $625,000,- nds a fertile field to the ac- ‘ities of such unscrupulous stock »moters. ‘These maturing Government urities are held by a large nber of people who invested in m during the War from patrio-! motives but who never before | 1 made any investments and-who ‘refore have little or no exper- ce'in such matters,” says Pres- nt Prescott. “It is this class} men and women who age being | posed upon by the promoters of udulent securities. ‘To protect people who apply | them for advice in the matter, any bankers are strongly recom- nding the reinvestment of such ds in other Government securi- sor other sound investments of roven worth. The resolution adopted by the estment Bankers Association American declares all members the Association are hereby re- ‘sted to refrain from any cam- gs conducted either by public | seal circulars, advertisements, the concerted action on the part salesmen, which have for their rpose the inducing of owners of rited States Government séeur- es to exchange same for other rms of Investments and that all) smbers of this Association are Bed to use all possible influence ig others to refrain from ink imilar campaigns.” “The following simple rules we been suggested by investment inkers of wide experience as an} ‘id_test for investors: “Rule 1—Never permit a sales-' uan to rush you into buying by he argument that the securities | ill be sold over night. “Rule 2—Take the literature and | -ihe*salesman’s statements to your) uvestment banker for analysis nd_investigation. “Rule 3—Confine your invest- | ment transactions to investment houses and bankers of established | reputation and responsibility. “Rule 4—Do not deal with total strangers. “Rule 5—If your commercial or | investment banker’s recommenda- tion is to let the securities alone, do so. “The Treasury Department | states that there are still more | than$200,000,000 of U. S. Victory 4% % Notes of the Series A, B, C, D, E, and F, which were called for payment on December 15th but) ‘NEW YORK-CHICAGO DIRIGIBLE LINE _| IN 1924; U.S. MILLIONS BACK GERMAN ion the Department has | | MELLON (LEFT) AND MARSHALL VIEW OF A SCHUE SHOWIN New York, Feb. 10.—An offizial an- | nouncement is soon to be made that a group of American millianaires and industrial leaders have completed plans to put into operation a line of passenger airships of the Schuette- Lanz type between New York, and Chicago by the spring 1924. Dr. Johann Schuette, president of | the Schuette-Lanz Works, of Berlin, | Who is here attending conferences in | New York, Washington and Caicago, confirmed this statement in an ex- clusive interview with NEA Service. He said: It 13 all settled. One year from now an air service between New York and Chicago will be in opera- tion. Some of the biggest people in America are behind us “The first ship will carry 50 pas- sengers. Construction of it will start when we close pending deals for factories. : “Otaer ships will carry 100. The fare from New York to Chicago will be the same as by railroad—about | “Flying time will be8 to 9 hours. | One airship will leave New York at 1:30 at night, after the theater. Another star from Chicago at 1 o'clock in tae afternoon. Meals will be served; baths will be available. “Next the line will be eXtended to St. Louis. Then to San Francisco. Next, a line connecting Los Angel | San Francisco and. Seattle. We will jfly from New York to the Pacific | Coast in a day.” Later larger ships are to be built |for lines to Europe and South | America. Negotiations are now junder way, Dr. Schuette said, for | termina] fields at Cape May, N. Backing Dr. Schuette, whose | gible works rival those of the Zep- | pelins, is the $50,000,000 American Investigation Corporation, which was organized a year ago to inquire into air possibilities, | Among the subscribers are Mar- | shall Field, Franklin D. Roosevelt, R. B. Mellon, Pittsburgh banker and brother of the secretary of the trea- Z AIRSHIP . UNDER THE UNCOVERED ‘RIBS | Vote, THE BISMARCK TRIBUNE ness must in in state. 2, 11 absent. H. B. 177 (Cole.)—Requiring that notice of sale of evidence of debt be predicated on™ notice by registered | maiPas well as by newspaper notice, | Vote, 98 to 12, 8 absent. H. B. 176 (Twichell.)—Providing | counties may\authorize funding 01 | refunding bonds for seed and feed | expenditures; an amendatory act 105 to 1, 7 absent. | H. B. 168 (Morton.)—Providing a standard form of mortgage in North | Dakota, Vote, 87 to 15, 11 absent. H. B. 123 (Appropriations Com.)— | | Appropriating $130,900 for complet- | ing Liberty Memorial building, state capitol grounds. Vote 91 to 16, 6 absent. S. B. 60 (Appropriations,)—A propriating $863.61 to meet defici department of insurancé. Vote 99 ta 2 ,12 absent. | S. B. 95 (Appropriations.)—Ap- | | propriating $21,898.75 to meet deficit | | district judges salaries and expense. | | Vote, 94 to 14, 5 absent. | S. H. 109 (Appropriations.)—Ap- | propriating $2,000 to pay premiums | on bonds state officials. Vote 107 to| 0, 6 absent. \ S. B. 121 Appropriations.)—Ap- | propriating $200 to pay deficit actions | to release insane patients fund Vote, 105 to 1, 7 absent, S. B. 123 (Appropriations),—Ap- propriating $1,000 for deficit state| treasurers office. Vote, 96 to 10, 7 absent. S. B. 124 (Appropriations),—Ap- ' propriating $1000 to meet deficit state {propriating money to meet deficit ar- | 4 executive department. Vote, 105 to 2, 6 absent. S. B. 126 (Appropriations.)—Ap-! rest and return of fugitives from justice fund. Vote, 99 to 4, 10 ab- sent, H. B. 81 (Appropriations.)—Ap- { propriatoing $124,000 for maintenance | membership DR. JOHANN SCHUETTE (CEN TER) AND. TWO, AMERICAN MIL- LIONAIRES BACKING HIS NEW_Y ORK-CHICAGO AIRLINE, R. B. BELOW IS A CONSTRUCTION, OF THE GIANT BAG. sury; E. M, Herr, president of tae Westinghouse Electric & Manufac- | turing Co.; Owen D. Young, vice | president, Genera] Electric Co.; Ren- | edict Crowell, Cleveland contractor and former assistant secretary of war Samuel McRoberts, president, Met- ropotitan Trust Co.; Arthur V. Davis, president, Alwninum Com- pany of America; William B. Joyce, | president National Security Co. Dr. Sehuette said details of the plans are in the hands of Edward Schildauer, engineering expert for the American Investigation Corpora- tion, and noted for his work on tae Panama Canal. The Schuette-Lanz rigid airships | ¢ to be built here will be .uv teet 1ouy, with a volume of 2,400,000 cubic feet, traveling 80 milés an hour, and fcarrying, besides passengers, 36 tons of freigat, post and express cargo. “The airships will be fitted out 4s luxuriouly gs the largest modern ocean liners,* said Dr. Schuette. “There will be state cabins, an ob- servation division, a dining room, a reception salon. You will be able to go to Chicago, transact your business and return to New York— all in 24 hours.” First announcement of prelimin- ary, negotiations with the Scauette- Lanz \interests‘ was made when the A. I. C. was organized a year ago, following a*tour of Europe by a party of financfal,men and engineers headed by Benedtet Crowell. Dr. Schuette was here last year, and re- cently returned to complete the plans. He said ne was returning to Europe today to look after some of the Schuette-Lanz subsidiary plants affected by the French occupation of the Ruhr. “Befgre Dr. Schuette comes, back to America next summer construc- tion of the first airship will be un- der way,” said Otto V. Schrenk, his counsel, representing him in associ- ation with Snowden. A. Fahnestock, president of the’A. I.'C., in negotia- ting. for , platitg#facilities in this country. ‘a FIELD (RIGHT). have not been presented for pay- | ee a, “The Treasury Department further announces that it will re- | tire the uncalled Victory Notes at| any time, at 100 and accrued in-! terest, if presented for payment.” OO _| .LEGISLATIVE |) | CALENDAR || _—_——________—__ PASSED BY SENATE. S. B, 39—Passed by senate and re. called from the hose to correct gram- atical error. university and school land depart- Gives borrowed from| | . B. 22—Requires village trus- tees and treasurers to publish tabu- [lation of receipts and expenditures | in village newspapers, or if no news- | Paper by posting in three conspicu- | ous places. |S. B, 224—Amends present statute to make all state bonds payable at some bank or trust company, New | York, as well as at tHe Bank of | North Dakota, Bismarck, |S. B. 228—-Repeals present law nown as the “value policy” thn. Property may ‘be valued at the |amount for which it is issured. S. B. 240.—Requires that when a redemption is nmde from a foreclos- nent option of paying at any time! ure, the redemptioner must state the ith interest figured to date and no’ oe up to payment date. 45) to O * S. B. 74—Amends present law to cut highest legal interest fate from 10 to 9 per cent. Degnes usury. . SS. B. 86—General budget bill for *state departmental expense for bien-| nium, > §. B, 87.—Appropriates $14,488 for veble-minded institute, Grafton. | S. B. 144—Prevents banker. from rbitrarily seizing deposits i ng or savings accounts and apply- ig funds to payment of loan, note or _wnortgage. 4 8. B. 203.—Provides that attorney “general shall designate one of his i deputies first assistant attorney > eneral to be in command when elect- : { official cannot’ serve or is absent | om offs. * §, B. 206—Provides that in civil £ ases agreement reached by 10 or 12 urymen at the end of 12 hours de- beration , shall constitute a valid erdict. 8. B..210>—Permit owner of a coal “ine to secure vacation of road over! -roperty providing he build suitable Ad proper detour. to replace road va- ‘ited. “8. B. 211,—Permits’ fasuance’ of * onds of counties in small denomina- payable any” hi pe aL United | surance companies cancelling pol: mount he will credit against the debtor and such payment shall be considered as payment. of thut amount upon indebtedness and be so endorsed upon the paper involved, S. B. 216,—Preventing acgident i ies except by registered mail notification, except where ansoeed has changed occupation. S, B. 258, Baird. Calls for ap- pointment of a committee of three to meet with representatives from Montana and South Dakota relative to future irrigation plans and uses of the waters of the Missouri river, and requires the state engineering department to make survey of irri; ble tracts. Legislation asked by Mis- souri Slope Irrigation congress at Mandan’ convention. S. B. 259, Baird and‘ Kaldor—Re- quires that only part of testimony claimed in error need be revieweu on an appeal in case.the supreme court give teverse decision of dis- trict court oeslog S. B. 308. ‘ould permit - county commissioners to release from bond persons who were inveigled into signing bonds on false pretenses. KILLED BY SENATE. S. B. 47, Heelies (N.)—Proposed to make granaries now on the farms or storage or grain tanks serve the Warne e county. a purpose of bonded warehouses, plac- ing supervision under the state in spection department of the super- visor of weights and measures. Kill- ed by strict party vote. S. B, 148,—Limitin, be raised by taxes to 60 per epnt of the average of the last two yeats, S. B. 171—Requiring ligense ofall real estate brokers, and creation’ of state real estate*broker sboard; pat ed as curb on real estate dealers and introduced at request of John’ H. Worst, immigration commissioner. . B. 214.—Creating a board of state engineering examiners and providing for the licensing’ of civil engineers, surveyors, “architects, ete. Statute asked by the N. D, Chapter of the American Engineering society. S. B, 252.—Calling for the restora. tion of the death penalty for mur- derers, Killed 25 to 24, Bills Passed By House. H. B. 151 (Anderson or Burleigh) —Permitting employers to take out state Workmen’s Compensation In- surance. under restrictions that his main office and two-thirds of busi- BROTHERS CHOSE ‘SCHOOL WISELY They. might have, finished _scKool ooner by takinga. ‘short cut’?course elsewhere, but O. B. and S. O. Graff. preferred the thorough methods.of Dakota Business College, Fargo, N. D. They knew that D. B. graduates get ahead—nearly 230 tising to bank officers, So would they. Already, both are bank cashiers, O. B. Graff at the Grover. State Bank, 8. O. Graff at the Hesper State “Follow the Suceesstul with Spring term, March Sth. ready for a position in Fall. Wie . L. Watkins, Preyid 806: Frost 6. Fargo N. Dd, | schools. Xainount to | ped capitol. Vote 106 to 1, 6 ab-| sent, Bills Killed By House. H. B. 179 (Burns.)—Relating to in teachers insurance and retirement fund. Indef. Post. H, B. 202—Providing English lan- guage only shall be taught first eight grades of private Indef, Post. H. B. 183—Reciprocral agreement | for insurance agents, Minnesota ant ! North Dakota. Indef. Post. 8. B. 200—(Martin.)—Extending re- call to county commissioners. Inder. Post. GERMAN FLYERS |GET MORE DISTANCE, OUT OF PLANES! t Berlin, Feb. 10.—For every $1,000 or its equivalent received in state subsidy during 1922/ German air- ships covered nearly 35,093 kilomet ers as compared with approximately 11,132 in 1921, according to statis- ties announced here. The same ratio gives 225 passengers carried as against 45, and 1,906.07 kilograms of freight compared with 21265 the previous year. The total figures on subsidy and| traffic for the year are not announ- ced. It is claimed, however, that when these totals are compared with French traffic and the Support given airplanes by the French gov- ernment, Germany’s airships netted far the greater réturns. In propor- tion to the financial aid provided by/ the respective governments, the German flyers are said to have cov- ered ten times more distance and carried seventeen times more freight than did the French, While aerial navigation in Ger- many is reported to have received: twice the amount of federal aid in 1922 that it did during the twelve months preceding, the sum is de- clared to be ridiculously small when COMING TO BISMARCK “Dr. Mellenthin | APECIALIST | For His Ninth Year in North Dakota DOES NOT OPERATE wall. be at ‘ McKENZIE HOTEL | Thursday and Friday, February 15th - 16th Office Hours: 9 a, m. to 4 p, m. No Charge for Consultation Dr. Mellenthin is a regular grad- uate in medicine and surgery and is licensed by the state of North De- kota. He visits professionally the more important towns and cities and offers to all who call on this trip consultation and examination free, except, the expense of treat- ment when desired. According to his method of treat- ment he does, not operate for: chronic appendicitis, gall stones, ulcers of stomach, are or ade- noids. t+. He has to his ‘credit many won- stomach, liver, bowels, blood, skin, wetting catarrh, weak lungs, rheu- tal ailments. It zou have been ailing for any length time and do not get any better, do not fail to call, as im- Proper measures rather than dis- ease are very often the cause of your long standing trouble, Remember above date, that exam- fantion on this trip Will be free and thet ahteas $36 Bc 4g different. and parochial) TWO DAYS ONLY! derful results in diseases of the, nerves, heart, kidney, bladder bed /j matism, sciatica, leg ulcers and rec- |! ' Laughter is. sure to reign in- lcessant at the Auditoriufn. Feb. 15th, where Fred Stone and hi hilarious coterie of merry-makers will hold high carnival in the fan- tastic musical frolic “Tip-Top.” |The whimsical series of misadven- tures of Tipton Topper, the char= {acter portrayed by Fred Stone, keep the audience convulsed with | merriment from the rise to the fall lof the curtain. Stone is undoubt- edly one of the most amusing comedians of the present day. Possibly he is funnier in ‘‘Tip- Top” than at any other time. His surprising changes of character {and make-up are irresistibly funny. |The fun never flags while he is on the stage and it is a danger- ous assertion to say when Mr. Stone is funniest. It seems in as if he was funniest “Tip-Top” also has sessing an uncom- us scere. It was composed by the late Ivan Caryll. The dancing of the London Palace Girls—Sixteen Lithesome maidens from Albion’s shores—is a messing feature of a show that abounds _ plenteously with entertaining numbers. by clever artis’ No one in the big aggregation supporting Fred Stone shirks in the endeavor to contribute some novel stunt to this’ alluring extravaganza. The six Brown Brothers with their saxophones are as usual one of the most conspicious specialties with stone and more than maintain their past reputation as musicians of the hghest order of talent. “Tip-To) all the hime the merit of. pe monly melodi the last. music | compared with this form of aid in England and France. The English subsidy is said to be more than five times as great, and the French more than elevenfold. 1921 show that Eng- lish aviators traversed 517,357 kilo- meters, French 2,950,705, id Ger- man 1,658,000, The passengers car- ried in English airships numbered Figures for SATURDAY, FEBRUARY 10, 1923 LAUGHER | TO REIGN WHEN STONE COMES and German 12,297. The computations are issued from German aerial circles for the pur- pose! of showing that the home in- dustry has made the most of its federal aid, and has been highly successful in overcoming the han- dicap fixed by the Entente in limit- ing the power of German machines. “LOST SPEECH” OF LINCOLN NEVER TO BE FOUND Bloomington, Ill, Feb. 10.—That the bone and sinew of Lincoln’s lost speech was never lost and that the speech itself never has been found and never will, be found, were the theories. advanced by Dr. William E. Barton in an address delivered here recently on “Lincoln and Lib- erty.” Dr, Barton spoke at the State Normal College on “The Education of Abraham Lincoln” and later at the Lions’ club. He spoke of the intimate relations of Lincoln with Bloomington, and especially of the “lost speech” de- livered there at the conventioh at which the Republican party of Illi- nois was organized, May 29, 1856 Dr. Barton said: “I believe that the Peoria speech must have contained the bone and sinew of the Bloomington speech which is known as Lincoln's lost speech, Such a speech a man does not create out of blue sky; it takes time to grow in him. Secondly, I believe that Whitney secured much of the spirit and some of the phraseology of the lost speech, But in the third place I do not believe that the lost speech ever could have been reproduced. “Lincoln probably tried to repro- duce it a few nights later at a rati- fication meeting in Springfield, but there came out to that meeting only Lincola, his partner, William H. Herndon, and an otherwise undis- tinguished man, John Pain. Lincoln was elected chairman without op- position, and he took the chair amid what the press report, prepared by Herndon, described as ‘deafening calls.’ But do you suppose that Lin- coln repeated his lost speech to two men and a hall of otherwise empty chairs? He said just enough to get a good report in the papers. No man can deliver a great address to empty chairs. “The reporters were so interested in Lincoln’s great speech, they for- got to report it.” WRONG LISTING IN PHONE BOOK BASIS: FOR LAW SUIT' Paris, Feb. 10—Four years listing in the telephone directory as a “man midwife” has caused a Paris sur- 4 geon to bring action against the gov- ernment, Waich is responsible for getting out the directory, to compel a change in his professiohal, deseri tion. He asserts that letters, tele- phone calls, personal complaints and legal notices have been futile. Now he wants damages. His attorney, in an effort to show how tne state telephone service is snarled up in red tape, has dug up from the currency directory some queer examples of stupidity. He found that Bolo Pasfiaa, executed as a spy during the war, is still listed in the directory, as are other men who are dead or have disappeared. Two theaters, the Theater Rejane and the Theater Dore, whose names long have been changed, he says, have been unable to ‘have ccrrec- tions made in the directory. Quickly Regrow Your Bobbed Hai Wonten who wish to stimulate the growth of their hair should try Van Ess Liquid Scalp Massage, which is so successfully growing hair. Strong, vigorous hair surely follows a healthy condition of the scalp and a good circulation of blood to the hair roots. Ask us for Van Ess, which comes in a patent applicator bottle. Easy to apply.-If used as directed it will cause your hair to grow 8 to 10 inches each year. Finney’s Drug Store Bismarck, N. D. America Stands Aloof As Europe Burns The very isolation which was voted our policy by the stupendous majority of seven million in 1920, the policy of detachment from the perils and broils that axe distracting Europe, is now being ation is inopportune.” leading newspapers. flict ment. The cleverest savagely attacked by the critics of the Harding Administration as having no policy at all. the history of American foreign relations, American prestige and influence was never at so low an ebb as it now is,” says the Rochester ‘Herald, which believes that if we were to offer advice or warn- ing to France or Germany or any other nation, it would “snap its fingers in derision”; “first, because our Administration has no policy toward Europe; and secondly, because in its present relation to the Senate, which it fears, and to the American people, whose sentiments it mistakes, it is incapable of formulating a policy and adhearing to it for as long as a fortnight.” ' While there are many other news- papers that express a similar opinion, the Administration has its strong defenders. the role of a bengvolent bystander,” and refusing “to be drawn into the malestrom,” it reflects the best thought of the American people ,declares the San Francisco Chronicle and “go long as the general at- titude of the European peoples toward each einen remains what it now is, the time for American medi- Other very striking news-articles are: All the News of Radio “Ford For President” The British-American Rubber Con-~ (With Two Maps) How the British Debt Will Be Paid A New Way to Pick Judges Germany’s *Triumph of Despair” As Italy-Sees the “Shattered Entente” The First Sleeping-Car Climate Changed While You Wait, Rodin‘s Cold Death-Bed The Increasing Demand For the Bible Human Nature At the Herrin Trial \ 5 The Solf-Coal Truce “In all In playing “only In THE LITERARY DIGEST this Wiehe: the leading news-feature presents the American atti- tude toward Europe in all its many angles, reflecting public opinion in this country as expressed in the Meaning of the Copper Merger The Day’s Work in South Africa The War on Blisters Ignorance and Illness The Near “Crime Wave” In Art A People Who “Hanker Fer Larnin’ ” “Capitol Barred to Bootleggers” How To Improve the A Fine Collection of In A-round or two of banter With the passing of for his entertain- jokesmiths of every realm were engaged by the press for the pleasure of the new majesty. | But oftentimes the. best of the jesters were removed from the far corners of the court of the public. So The Liter- See “Fun From the Press” In olden days when the cares of state burdened the king he would summon his jester. and his good humor was restored. time and the transfer of power from palaces to cottagea the humblexcitizen demanded a Jestey Topics of the Day | teresting Illustrations Memory at Your Picture Theater ary Digest now gathers the keenest of the wit and the cream of humor from all the world and embodies it in one uproarious motion picture, “Fun From the Press.” is the court jester to the American Public. le Once a week a new one appears at the best theaters brimming with the latest laughs. Watch for it at: your local theater. For your pleasure—“‘Fun From the Press,” produced by The Literary Digest. poration. Distributed by W.:W. Hodkinson Cor-