The Bismarck Tribune Newspaper, May 21, 1923, Page 8

PAGE EIGHT THE BISMARCK TRIBUNE 200 BOYS TO COMPETE FOR ELKS TROPHY Annual Events Scheduled to Take Place at Baseball Park Two the Waa Sto Mary? the beautiful nesday afternoon at The Wee oeclock. the last will to will Running Broad Wich Jump, the and the Sprints compete in all fow The boys are nd weight ing for hund M hi hoy representing: Richholt and — the will compete fort Trophy Wed} th 7 lk at Ric won the Trophy determined effort | made the other schools win the Trophy this year. Ther athletic events the the ranning Ball Throvw boy — wili hholt bo he four Jump, hase ach events fied according There is a dit each class, In small boy can compete with a big boy for the little fellow wets at handicap, Another — feature of the meet is that every boy will | he given eredit for his perform: | In this way each boy can points for his school. The the highest average per s the Trophy. Theref npete is dis- D school il to his schooln eventy-five offi sary to handle the entries The boys in athletic attire will as able at the Court House Wedn ay at 1:15 o'clock the officials ssemble at the same place at 1 o'clock where the group will be photographed and final instructions will be given. It is very important that the offi- cials well as the boys get full instructions at the Court House and not wait until they get to the Ath letic grounds where there will be much confusion. NEW TABERT BILL PASSES Designed to Prevent Inter- minable Delay in Trial Tallah re .M —The house | of representatives this morning passed 49 to 9 a bill which would prevent | more than one trial judge being dis- qualified in this state on unproven | y the defense that he is | s are eight meCues hundred as y 21 prejudiced. Action on the bill today was pre- | cipitated by the disqualification of Judge Mallory Horne from presiding in the case of Walter Higginbotham, ith the murder of Martin orth Dakota, SLAIN SOVIET ENVOY BURIED Great Crowds Assemble Last Rites for Vorovosky at, Moscow, May 21.—-The body of j Baslav Vorovosky, the Soviet repre- | sentative at the Lausanne conferene who was assassinated on Maq 10, was buried last evening beside the walls of the historie K that placed the great overflowed into the streets beyond gathered in the bright sunshine o the summer evening to witness the | simply ceremony. More than 100 persons escorted the bady from the railroad station to the square. 3 MISSING IN CLOUDBURST , May 21.—Three per- issing here after a cloud- burst last night which precipitated six ineses of rain in 45 minutes. Short creek was out of its banks and had spread into a stream five blocks through the middle of the city. The water had receded today but not un- til nearly 300 farm laborers, oil field workers and their families had been rescued from the toup of their tents, houses, trees and wagons. ! GOPHER LAW HELD INVALID Washington, y 21.—The Minne- sota statute which makes a railroad liable for action in that state if it maintains an agency there was found obnoxicus to the federal constitution and declared void by the supreme court today in @ case brought by the Farmers Co-operative Equity com- pany against the Director-General of Railroads. The court tcok the position that the law was a restraint on inter- state commerce. OFFERS SLOGAN > FOR BISMARCK Friend to Friend, Bismarck Welcomes You.” This slogan, suggested by Richard Brandon, advertising manager of The ‘Tribune, was before directors: of tho Association of Commerce today. The ‘logan favorably impressed the dir- vectors. dit ijn avas taken, le the slogan may be | President, Trust Company Division, | economic, social and political life, | FINANCIAL THINGS j that “the trouble with the Ameri- | can labor; d and vie meet with Tex ‘Rickard (center) and agree to me | place designated by Rickard, the boi Firpo Agree tor in recent heavyweight battles, in the ring at ut to be held not later than July 7. AMERIGA WORLD'S TRUST COMPANY By THEODORE G. SMITH American Bankers Association The trust companies of the Unit- ed States are custodians of nearly thirteen billion dollars of assets to be used in ad- vancing indus- try, commerce and trade. This word “trust” means some- thing more than a term of trade. It indicates trustworthiness and responsibil- ity. It measures Theo. G. Smith vist confidence which millions of citizens repose in institutions that can be trusted. It is well, occasionally, to ask ourselves what life implies, what our personal and corporate life im- Plies. It is wholesome, at such a time as this in human affairs, when the jworld hears many expressions of lack of confidence, when distrust and sorrow are speaking loudly in to remember that there are some men and some institutions that are and can be trusted. The note of trust cannot be too loudly sounded im the entire world today. THAT “AIN’T SO” By FRANCIS H. SISSON Chairman, Public Relations Com- mission, American Bankers Association Josh Billings’ famous observation can people’ 1s| not so much their igno-| tance as the! tremendous! number of; things they! know that ain't so,” has particular ap- plication to! opular “in-| Francis H. Sisson eet on financial subjects today. Among these “ain't so’s” of common belief are: The view that a high tariff as- ures any real protection to Ameri- can production; | The theory that highly restricted {mmigration is of benefit to Ameri- America {s the world's Trust Company at present. She ts the world’s largest creditor, and that imposes an outstanding respons!- bility. Our creditor position is still new to us, but after several years of it we are able to perceive that having changed from a great inter- national debtor to the greatest in- ternational creditor calls for some- thing more than complacent rell- ance on our new position. What is most needed at this mo- ment is a general conviction, such as the individual banker must al- ways keep in mind in his dealings as creditor, that it fs a creditor's duty to keep his credit sound, to keep his debtors solvent, to help maintain business as “a going con- cern.” Europe Is of value to us only as Europe is a going concern. The only way Europe's debt can be liquidated is through continuance in business. This involves politi- cal and social rehabilitation as well as economic. To this rehabilita- tion it is America’s duty as credi- tor to contribute. The adjustment of international Indebtedness must be made while new business is being done. It is p::t of America’s trusted obliga- tion to use its unique position by assisting, with profit to herself and to the borrowers, the progress of economic production and distribu. tion in all promising countries. That {s part of the day’s work, and the day's work must meet the world’s need. Reserve Board was responsible for the deflation in commodity prices in 1920 and 1921; The idea that the United States can maintain an tsolated position in world affairs: Tho notion that railroad stocks are watered; The illusion that Wall Street dic- tates money or credit cpnditions: The fancy that the tfiterest of any class or. section can be per- manently furthered at the expense of the general interest; The phantasy that flat currency can add to the wealth of the na- uon; The delusion that capitalism is responsible for economic and social ills. These beliefs have been propa- gated by catch phrases, not by proof. Some of them serve nar- row, selfish interests. Others zive psychological discontent something to blame for troubles imaginary or rising from other causes. None of them help the solution of public problems. Until their distorting in- fluence is eradicated from public opinion they will confuse the real issues and make for economic un- The impression that the Federal | settlement. [BILLION WAR BILL OF U. §, IS INGREASED Claims Are @dded Against (ermany Growing Out of the War New May 21--With a war ing one billion four hundred seventy-nine million dollars ready presented against’ Germany the United States on behalf of itself and citizens to -the mixed claims commission a considerable number of other claims await settle- through diplomatic annels, he Lu ia claims head the cdm- mission's docket. Most of the 12,400 claims it ® said, will be d through decision on test cus s of such cases prepared, coverin for clai government ial el from the Lusitania submarine war d. iders’ operations, war k pre- property seized in Germany or occupied territory damages from German bombs and Nees: prize losses, insurance, parcel post , charter losses, loss of per- property by Americans taken and as debts by Germans filed, posed s, About have been arious ca nited Sta regarded a: The others aris sinkin, other mage, rman es court lo: sonal Many wlaims based on “con- sequences of war. y claims promise to be con- by Germany. COUNTY AGENT IS URGED of C. Directors to Ask Commissioners to Act A. Employment of a county agent will be urged upon the board of county commissioners by <i Association of Commerce, Directors of that organization, meeting today, de- cided to urge the commissioners to act. The matter wa: turned. over to the Agriculture Committee of the Association. . The directors felt that the vote of the citizens for a county agent should be regarded, the county hould take advantage of -an oppor- tunity to get support of $1,500, to $2,000 a year from the federal ove ernment, and it was highly neces: in the development of the y industry that the county have an agent. NOTED MUSIC | TEACHER DIES Dr. Florenz Zeigfeld of Chi- cago Passes at 82 Chicago, May 21.—Dr. Florenz Zeigfeld, 82, founder and. president emerftus of the Chicago Musical col- lege and one of the foremost mus cal educators of the world, died at his home yesterday of pheumonia. Funeral services will be held to- morrow with bGria] in a local ceme- tery. Dr, Zeigfeld numbered among his friends scores of prominent artists of the past and present day, many of whom were his pupils. He is the father of Flo Zeigfeld, Jr., theatr cal producer of New York. American Red Cross Forces Direct Successful Fight Against Disease This is to introduce Mrs. Char- lotte Heilman of Bound Brook, New rursing director Jersey, American Red Cross is the woman upon whom devolyed of the responsibility for the. care ‘of a million refugees who last fall-and early last winter were unr swept into, Greece from Anatolia and other Turkish- i itory. Moreover, Heilman that ma Gs c ae cle dirt‘and di ‘ross campaign against dirt’and dis- of the ref much ceremoniously soccupied to Mrs. Charlotte of the success territory. the ranks Among Many Refu gees in Greece rogram, of the in Greece.- She br it news of demic, in_Greec can Red Cross, alld Heilman it is wating. delousi Ri American covey! 2 seal se mn ‘a foothold. “ Typhus, the GAs a9 cert of THé American Red While reports frofa more eastern centers of rele settlement have pestilence and epi- where nutes tending tee toe ave been handling the refu- . io enforcing bathing and f: in ee ot the essen- ‘ements for a a fa meal ticket, epidemics have o the bu Uo most dreaded of all wes in the refuges on camps/ smallpox has been Sunny Greece the Ameri- particularly Mrs. in Gre son who soap; and no con-|It ail been allowed to fund maintai: extensive vaccination. campaign, and now that summer is at inocula’ cholera and typhoid is The American Red ¢. neighborhood of $2,600,000 in se in relieving distress among: the refugees: and in waging its .war upon dirt and disease. } went for food; some ‘of nt, tome of it went for medicines. came ‘out of the’ emergency. dis- thre Am g phase of the prob- A HARDWORKING PIEGE OF PAPER The Bank Check and How It Performs Many Different Services for Business. | Americans are the greatest users of bank checks in the world. Less than eight per cent of jan business transactions in the United States is conducted with money,.or, to put it another way, more than nine out of ten trans- actions are conducted with com- mercial instruments, of which one af the most ingportant is the check. The usé of the check has become nuiversal in America because it is oe of the simplest yet mds: effi- cient business devices ever invent- ed. The bank transactions of Mr. Smith, the storekeeper, illustrate in a general way those of all other business people. +Storekeeper Smith's customers pay him for the goods he sells to them both with cash and checks. At the end of the day he counts up the proceeds of the’ day's business and finds his sales have amounted to, say, $500. What does he do with this money? He owes a large part of it to the other business concerns from which he purchased at wholesale the goods he is selling. Some of these companies are in Mr. Smith's “town, and others are located at some distance from it. Even small busi; would be a clum plicated and time-wasting affair unless It were for the facility of the bank check. When a Check Is Useful Mr. Smith could pay his bills by sending cash by mail, but this method of payment would be un- wise, because of the danger of the money being lost in transit. Again, he might go out and buy express or postal money orders for the amounts due, but to do this regu- larly would require a great dea) of his time, and would involve need- less expense. Besides, a money or- der does only half the work a bank check does. Although it is in real- ity a kind of a check drawn by the express company, or by the post office, in favor of some person or firm, it {s mot returned to Mr. Smith after it has been cashed, but goes back to- the express company of to the post office that issued it. O1:. the other hand, a cashed check after it comes back te the bank and is cancelled is returned to Mr. TICKET OFFER | ~ POR BIGRIGHT Billings Chamber of Com- merce Buys Stock of 500 Tickets }. An‘offer of tickets for the Jack Dempscy-Tom Gibbons fight in Shel- hy, Montana, on July 4 is made by the Billings Chamber of Commerce, to the Bismarck, Association of Commeree, in the following tele- gram: Billings, Monta May 19, 192! Association of Commerce, .. Bismarck, N. D. “The Billings Chamber of _Com- merce extends a cordial invitation to’ your city and vicinity to parti- cipate in the selection of seats for the Dempsey Gibbons fight to be held at Shelby, Montana, July 4th. We’ have purchased five » hundred very choicest personally sevected seats. Prices for tickets twenty, twenty-five, thirty, forty and fi dollars plus ten percent war y tax been kept ata minimum; ‘ is kept at a by any hand o agains forward. rons bas 3 nt the organi- Smith, who can keep it as a re ceipt im proof of the fact that his bill has been paid. More than this, in order to keep accurate records Mr. Smith wants | to have one account in which all | | | i bis receipts can be entered and out of which all payments can be made. He therefore adopts the course that most other business men and women follow. He takes his $500 to the bank, where it ts safely kept and can be drawn upon as needed. The teller enters the | amount’ in a small pass book, | which {8 a record of deposits. The | bass book is issued in Mr. Smith's name and is handed to him, to gether with a supply of blank ‘checks. Mr. Smith is now ready to pay his bills by checks up to a | Stal of $500. - | 1 \ A. Complete Record His check will be received at any bank where the indorsement of the person to whom it is made pay- able, which is writtem or stamped On the back of the check, is known to be genuine. The bank receiving the check will either pay or credit i it to the payee, and then send ft | on to the bank In which Mr. Smith j deposits his money, where the amount will be deducted from his $500 balance. The check, after be- ing properly cancelled, will be re- turned to him at the end of the month. He will then have a com- plete,record showing that he de- Dosited $500, that he drew checks of, say, $120 to pay some of his bills, that he has a balance left of $880 and that his bills have been duly paid as shown by the can- celled checks with. the indorse- ments upon them. The bank will pay all checks Presented to it bearing Mr. Smith's signature as given on his signature card in any sums covered by the amount of his bank balance, which he continually increases by depos: {ts and decreases by checks drawn against his account. This process of making deposits and issuing checks continues day after day, both the depositor and bank ke:p ing their own records. Millions of such transactions are handled every day vy the banks and trust companies of the United States. In one year more than two hundred and fifty billions of dol- lars in checks have passed through the New York Clearing House alone. Payments of these vast sums*are made without the use of any actual money. A wonderful system has been built up by the use of the small slip of paper, we call the bank check. The check is essential to the business and com- mercial life of the present day, which is no advance over box office prices. This is not a money-making | preposition being prompted by de-| sire on part business men of — Bill- ings to extend courtesy to guests of} this state who expect to attend fight Reservations will be made in order of wires rece Immediate an- requested .as this invitatie _has been extended to other cities Kindly give this information to your apers. new: Billings Chamber of Commerce. SCHNEIDER’S TRIAL JUNE 11 The trial of Kasimir Schneider, charged with the murder of his wife will be tried at Valley City, begin- ning June 11, according to advices reaching States Attorney Allen. The June tem opens there July 5, but the court desires to dispose of some civil matters before the schneider trial opens. Either Judge Cole or Judge Engl gct will preside. Schnid- er is still in jail, The jury disagreed in Schneider's first trial, FOR SALE BY EVER-READY. TIRE VULC, COBWIN RB Cl ,, 192: St DR. M, E, BOLTON Osteopathic Physician 110% 4th Bt. xD 240 fald ¢. | grain dealers; -ap-MQNDAY, MAY 21, 1928 MRS, GRABNER SAYS SHE CONFERENCE ON RAILCARS TO BE HELD Distribution in Northwest To Be Considered in Fargo Meeting May 21 of cars for northwestern shippers and an agreement probably will be reach- ed thereon at a mecting called here tomorrow by the Northwest region- al board of the American Railway Association. Discussion of the coal supply and general transportation problems that occur about grain shipping time also will be asked. Among those expected at the meet- ing are Frank Milhollan of the North Dakota railway commission; Don- Conn, director of the pub- elations committee of the Am- crican Railway A:sociation; Frank Durant of Minneapolis, representing H. J, Atwood, of the Duluth bourd of trade; B, H. Tyler, representing the South Dakota grai, dealers; J. A, Gustafson, represent- ing Minnesota ;fair, Uealers; J. W. Raish of the South Dakota Railway Commission; O, W. Tong, represent- ing potato shi,\,ors and A. A. Rahn, who will take care of the lumber interestss. Fargo, Distribution HIGH SCHOOL BOY IS SHOT Deputy Sheriffs: Mistake Him For Rum Runner Charles Git . May 21—Melvin Stoeeker, a junior in the Charles City high school, is dead here to- day from wounds received early ndav morning when deputy sher- iffs mistook him and a boy compan- ion for rum runners and fired up- on their automobile. Because of the high fecling fol- lowing the lad’s death, Deputies Sterns, Cutler and Johnson who were detained after the shooting, were taken to Mason City to avoid violence. U The officers were held’this morn- ing on a charge of assault with in- tent to kill. WAS NEARLY SMOTHERED Could Eat Nothing Without Distress, Says St. Paul Res- ident — Gains 15 Lbs. Tak- ing Tanlac And Declares She Never Felt Better. “Tanlac has benefited me “ar be yond my expectations. I have gained fifteen pounds and never felt better,” declared Mrs. Catherine Grabner, highly esteemed resident of 81 Hatch St. St. Paul, Minn. “The pains I sulfered frompstom ach trouble were enough to double me up. I was nervous, weak and run down, ang my appetite was so far gone that even after I had fixed a tempting meal for my family | had no desire to share it. What Jit- tle I did eat made me bloat with 4 till my breath was ne hut off, had terrible dizzy spells, sharp pains between my shoulders, could restful sleep, and my housework was a burden. “But thanks to Tanlae my tr@ubles are over, and one of my grea pleasures is to recommend this grand medicine. I love my housework now, eat heartily, sleep like a child, and I only hope others will read my ¢ perience and fing the way to health and happiness.” Tanlae is for sale by all good drug ists. Accept no substitute. Over 37-million bottles sold. Tanlac Vegetable Pills own remedy for constipation Vale everywhere. ure Nature's For A A Skin Eruptions Are Usyally Due to Constipation When you are constipated, not enough of Nature’s lu- bricating liquid is produced in the bowel to keep the food waste soft and moving. De tors. prescribe Nujol because it acts like this natural lubri- cant and thus secures regular bowel movementsby Nature’s own method—lubrication. Nujol is a lubricant—not a e or laxative—so cannot POMERAT, Every Ex-Service man a Mem- ber of the American Le gion Se oo oe Lo Ln Help Us Hit The Mark: Lioyd Spetz Post No.1 American Legion Bismarck, No. Dakota Salesmen. Wanted ) \ Tf you are foot loose or want to take on something for your spare moments ‘we want to talk to you. If you are employed at the present time and not satisfied with your * earnings, see us at once. This is a new purchasing plan { that is going to be sold in the entire State to the auto-*- mobile owner and’ is being handled in a manner that the salesmen will like and big money should be made if in- structions are followed. This is not idle banter and if you want to make from $100.00 to $200.00 per week with all leads fupnished, write to W. H. Paulsen, Room 402, Grand Pacific Hotel, Bismarck, N. D., or call in person after 9 a. m. for an interview. BUSINESS DIRECTORY : Licensed DAY PHONE 246 Dey:Phitie 108 PARLORS? / ia Pone 100 or 68%