The Bismarck Tribune Newspaper, May 9, 1923, Page 8

PAGE EIGHT 12 MILLION IN | SECURITIES IN STATE OFFERED Total Amount For Which Ap- plication Is Made to Sell Stock in North Dakota LAW STRENGTHENED New Provisions Governing Se- curities Sale Effective July 1 heing mtde by the tate Blue Sky Commission for en forcement of tre hened bluc k jaws of the tate hich be effective July 1. With j wr the commission un- der sting laws new pro wild cat tock in be made much more di is believed "During the lust the total pitalization of companies making tpplication to the commission wa 12,000000 according to figure ut t i. J, Murphy, secre tor the commission, The amount es granted to be sold was ess than $8,000,000 and see t efused totalled — $2,500,000 din addition during the year 1 to close to $2,000,000, he “Few of the applicants licens- ell as much stock they ask on to sell,” Mr, Murphy said their venture proves successful they may return and request that the sale of additional stock be allow cd. The commission has laid down the rule that only in exceptional tes will they allow more than 15 ercent commission for the sale of stock and other expenses incidental to the sale of securities and has also adopted a rule with reference to pro motion stock; namely, that no more hall issued for promotion services than represents the fair and of those services. | commission under the new the 4 consist rea onable value Th in secret pro mining where sets tents, oil whole or part of f cs, undeveloped ood will ts where it or other i is difficult or ible : to determine values, cause the comp nak application to p! fe amount of their stock in escrow. The escrow agreement has been found to be a very fair and efficient means of solving questions of value with res-{ pect to untried devices and ideas} and undeveloped properties, and a, good test of the sincerity and! ood faith of an applicant.” Clean Business for Law i The clean business interests of! thes have manifested and ex- re hearty sympathy and co- with the Blue Sky law and in accord with its work ings, the se ry said “Phe occasional ery that business | is being stifled by the enforcement of the law comes from those who do| not understand the operation of the| law from those whose will not stand investigation,” said Mr. Murphy, “The business of prot- ing has become a profession. The promoters are schooled in the art of advertising and of salesmanship and the common mind cannot cope with their sions, one great weakness and the fact that promoters outside the state have made unrestricted and unres- | ned use of the agencies of inter- state commerce, principally the mails in advertising and promoting their or business schemes with impunity. Until we some federal legislation proposed in the ‘Denison! bill” now in cannot accomplish all that guired to protect the public a; the wild cat promoters, operator confidence s, takers and t night dealer The term ud in the state laws does not have reference merely to permediated fraud alone, the secre- | tary said, adding (at “just as much money is lost through the failure of bona fide but misguided business ventures as through out-and-out frauds, In either case the stockhold- ers generally lose. oth should be! prevented as far as possible and this | ifthe object of the law.” All Must Be Licensed All companies in North Dakota must be licensed and permits obtain- ed from the state department for any agents or salesmen selling secur-' ities, Mr. Murphy said, “Persons before taking stock in a doubtful or utknown company should first see if the company is ongress our state laws is °. Stop Laxatives Which Only Aggravate’:' Nujol is a lubricant—not @ medicine or laxative—so cannot gripe. i ‘When you are constipated, not enough of Nature’ lubricating liquid js pro- duced in the bowel to the food waste soft and moving. Doctors preseribe Nujol because SRICANT-NOT A LAXATI\ THE BISMARCK TRIBUNE SEARCH ENDED i Evanston poli to be that of Le ghton Mount, m'ssing Hown in inset), was) found. Mount n September, 1921 orthwestern Univer disappeared follow rash” teed fo wt sets ots FORMER LOCAL | then to investi te the a listed MEN ASSIST AT There wen whewnoe o| KEENAN RITES! ng idea that ll a com their stock ie well and he commis- is ensed to Two former residents of Bismarck assisted in the funcral rites in Port- | land, Ore, for Johar A“ Keenan, 28 | pany in the state everything safe the in sion in authorizing the sale of stock| son of George Keenan! fornter under the provisions of our secur-| resident of Bismarek whieh were ities law does not recommend nor} held on May be ssume the responsibility of its] ‘The Kecnans left Bismarck a little! @ ale, We try at all times to see that} over : s ago, hoping the change | all compan operatin under our] would be: it John's health. How- law live up to the rules and laws}ever, his health gradually declined, | of this department. Information as]and for two months before his death | to whether or not certain companies] he was confined to his home. He | are operating under our laws will] developed acute nephritis and the be gladly furnished at any time to} end came suddenly Monday night,| the public.” about 10 o'clock. All| the family were present who did not arrive Mt. Laura Ethel is situated in the George middie of the Atlantic, is over 12, {ftom Los Angeles till Wednesd: 000 feet high and its summit. less | Might. Services were held, Thursd: than 200 feet below the water's sur morning at 10:30, Dr. Harold Leo ard Bowman o! officiating, made in face. jan Chureh was and inter- Mt. Dry Cleaning, Pressing Dyeing, Repairing. Call 58 Eagle Tailoring. ment beautiful n of the love an held, H. gifts ¢ esteem in whieh estimony | Jonn was Flavor you're sure to like! “No fancy wrapper— just good gum!” American Chicle Co. DEATH’S THE PENALTY For a second’s. delay at such a time as this in the oil fields, The bailer had stuck. Down. poured — the cable in giant loops. Within these coils stood Calvin Gray. Buddy leaped and struck him with ‘all the force of -his massive arm. It sent Gray flying as a tenpin is hurled before a bowl- ing ball. Buddy fell, too. Tle felt the , steel cable writhing lik} a thing alive, The touch burned his flesh, A tense moment—one of many from REX BEACH’S FLOWING GOLD BEGINNING THURSDAY, MAY 10, IN The Bismarck Tribune uk a a am a ac a ‘ation of J. Por8ytic and Loyd Couch, also former residents of Bismarck assist- ed pall bearers, or to going to Portland the residents of Bismarck were 1 ind of Burleigh County about 18 years, where John grew to manhood. He had a host of friends in Bismarck. John wa a young man of the noblest t a loving and affectionate son and brother, and his death is family FILM STORY TO BE SHOWN BY WOODMEN HERE It v who a sad blow to his s Cain in the Garden of Eden d “Am I my brother's keep- er?” Nearly four thousand years later a man traveling down to Jerico fell among thieves and it was from this parable that the question “Who neighbor” was probably first recorded and has since been ever pre sent in the minds of men. In every age and in every walk of life men have asked then es this question and have pondered over it. It is the question of the ages and the found- the brotherhood of _ man, This question “What Is My Neigh- bor?” will be asked and answered in a two reel film story booked un- der the auspices of the Ibeal Camp of Modern Woodmen of America in K. P. Hall tonight at 8:30 o'clock. Admission is free. is my ks Railroads To Protect All Cream Shipments Railroads have been‘asked by W. F. Reynolds, state dairy commissioner, ake especial effort to protect » shipments in North Dakota during the summer months. Reply from the Northern Pacific railroad brought information that the road officials had considered the possibility of affording refrigerator car service for cream shipments but af yet have been able to work out no feasible plan. All agents of the company have been especially in- ructed to guard against leaving n in the hot sun on station plat- forms during the summer months, Mr, Reynobls was informed, Modern coal mines, with a produc- tion of up to 5,000 tons a day, may be four or five miles apart. WILLARD HAS BOTH —as good a wood-insulated battery as can be built. —and the still better Wil- lard with Threaded Rub- ber Insulation. Whatever your caf, we have the right bat- tery at the right price for YOU. CORWIN MOTOR | | aa Bismarck, N. D. WEDNESDAY, MAY 9, 1923 VETERAN OF CIVILWAR IS DEAD AT 85 Ingval Bakke Passes Away From Old Age and Pneumonia angval Bakke, 85 years, veteran wf the Civil War, died this morning at 8 o'clock at the home-of his daugh- ter, Mrs. Dan’ McPhee of 318 Eightn street, following a lingering illness of old age and pneamonia, Mr, Bakke had resided in Bismarck for the past two years, Since the death of his wife nineteen years ago he has been making his home with his children in various parts | Soo of the country He is survived by five daughters, Mrs. D. MePhee, Bismarck; Mrs. Ben Johnson, St. Paul, Minn., who was at his bed side; Mrs. John Brekke, Milnor, N. D,, and Mrs. James Holden, Spokan¢, Wash.; Mrs. J. W. Poole, Santa Barbara, Calif., and three sons, John of Yellow Grass, Saskatchewan, Can.; Eddie, Tisdale, Sask., Can,, and Peter Bakke, Yellow Grass, Sask., Canada, Si He enlisted in the Civi) War under | Capt. L. Davis, Company 16th, Min- nesota Infantry, on Aug. 22, 1862, and took part in all the principl? battles during his service and was discharged on Aug. 19, 1865, at Fort Snelling, Minn. Funeral services will be held at Webb Bros. parlors tomorrow morn- ing at 10:30 o'clock. Rev, I. G. Mon- son will officiate. The services will be in charge of the American Legion, which will furnish pallbearers. Com- piny A will furnish a firing squad. Acting as honorary pallbearers will be a group of old soldiers: Steve Welch, Pat McHugh, Tom McGowan, Wesley Baker, F. W. Hibbs, J. M. Kisner and Mr. Kuntz. The remains will be escorted to the | where they will be taken to Milnor | depot following the for burial. Bricks are being made in Pales- tine of sand and chalk. MOTHER! C Fletcher’s Castoria is a harmless Substitute for Stor Oil, Paregoric, Drops and Soothing Syrups, especially prepared to relieve Infants one month old to Children all ages of Constipation Flatulency Diarrhoea Wind Colic To Sweeten Stomach Regulate Bowels Aids in the assimilation of Food, promoting Cheerfulness, Rest, and Natural Sleep without Opiates To avoid imitations, always look for the signature of y irections on each package. Physicians everywhere recommend it. Proven Last Hh Do Not Contract for imitations have undoubtedly paid alterations, repa to operate efficiently. Frank G. Gramb \ “PLUMBING PERFECTION” Is your Plumbing and Heating system the re- sult of a futile imitation of a good one? You twice fot it then; in and loss of efficient fune- tioning and the original cost of the job. pay ohly once for our systems because they consist of highest quality material, installed correctly by Real Mechanics, and guaranteed You 304 Main Bismarck s Werah 30x 344 Tires” $8.95 Goodyear Brunswick ’ Fisk Blackstone CORWIN AGTOR CO. |RECEIVER ASKS | three years of | BOND FORFEIT Receiver John Vallely of the State | Bank of Milton has filed ‘claim with the state bonding fund for $557 al- leged to be due the bank from F. Evenson, former receiver. Evenson denies liability, according to Harold | Hopton, manager of the fund. $50,000 CHECK MAILED. | A check for $50,000 was mailed to , the Jamestown school board today ‘from the office of the board of uni- | versity and school lands, being the | balance on $200,000 of school bonds | purchased by she state board. |CURED HER * RHEUMATISM | — Knowing from terrible experience | the suffering caused by rheumatism, | Mrs. J. E. Hurst, who lives at 608 E. Douglas Street, C-293, Bloomington, | ML, is so thankful at having cured herself that out of pure gratitude she is anxious to tell all other suf- ferers just how to get rid of their | torture by a simple way at home. | Mrs. Hurst has nothing to sell | Merely mail your own name and ad- dress, ands she wifl gladly send you this valuable information entirely ree, Write her at once before you forget. Adv. ™==anaaEL_—— se “What's Happening / DULUTH Lahr Motor Sales Co. Overland, Willys-Knight Bismarck, N. D, Wachter & Bean, Ford ' Glen Ullin, N. D. Hebron Hdwe, Co. Dodge & Twin City Tractors J. A. Forster Garage Dodge Richardton, N. D. Bakke Broa. Buick & Overland Dickinson, N. D. French & Welch Hdwe, Co. Bismarck, N. D. * ‘Park Trading Co. BY Medora, N. D. Rovig-Skjod Co. Mandan, N, D, Johnston &' Digby - Center, N. D.. Sander Mere. Co. , Sanger, N. ee G. Schulz Hazen, N. D. Rose Hdwe. & Imp. Co. Beulah, N. D. . Dodge Merc. Co. Dodge; N. D. Wasem Hdwe. Co. Halliday, N. D. Motor Inn a Killdeer, N, D. Darger & Jorgenson ~ . Flasher, N. ‘ rR Every Ray of Sunshine is a Firebrand! Millions — billions — of flarning torches are flung at your barn by the sun. Fiercely they wreak their hot fury on every spot of unpainted or poorly painted wood. Its strength burnt away, its endur- ‘withdrawn, the wood {alls an easy victim to devouring Rot. Paint your barn with Devoe Prod- ucts, and defeat the havoc of the weather. Well painted wood, be- cause it is sealed against heat and moisture, endures for centuries. A. E. SHIPP, Bismarck, N. D. A big difference There’s a big difference in motor oils. Most of them are by-products from gaso- line manufacture. Very few refineries make lubricating oils their chief business. THE DISTILLED_OIL{ is made by lubrication specialists. A pat- ented process gives uniform distillation ; —every drop is like every other drop. And it’s pure—not a compound of light oil and “cylinder stock,” that gummy, \ thick stuff that forms carbon. | You'll use less oil and get more power with Sunoco. You'll see the difference, too, in repair bills. There are six types of Sunoco. One is best for your car. ‘Ask your Sunoco dealer for booklet, Inside Your Motor?” MARSHALL-WELLS COMPANY PORTLAND SPOKANB W. C. Schulz Dodge & Overland Beach, N. D. Red Trail Garage , Willys-Knight, Overland Dawson, N, D. Northwestern Motor Ford) Linton, N. D. “pat These dealers sell SUNOCO—talk lubrication with them --Dittus Bros: Elgin, ND. Hertz Bros., New Leipzig, N. D. Klein Bros. Burt, N. D. Harrison Hdwe, Co. New England, N. D. - Wilton Motor Sales Co. Wilton, N. D. Hazelton Motor Co. Hazelton, N. D. Tappen Merc. Company Tappen, N. D. Steele Hdwe, Company Steele, N. D. 8. T. Parke Sterling, N..D. Rodgers ‘Bros. & Bliss 4 McKenzie, N. D. . A. T. Weloh, i Menoken, N, D.