The Bismarck Tribune Newspaper, March 29, 1924, Page 2

PAGE TWO THE BISMARCK TRIBUNE MOTH PRETTY, BUTBIGEATAR WEBSTER SAYS None Too Good Friend of Hu- man Rac special Pond- ness For Clothes ARE TOLD | Farge, No 1, Mareh “DUTCH HOUSER zsatate tae waco ~ RESIGNS HERE odor ely te becon ith | ae 1 r ths at a_ time My in trunks 0 urs, Carpets ‘Insurd ance Fund ee Growth Shown By | hoo nand year out, have been found rie)! infested with cnough mo! tock the entire house and drive the} susekeeper to distraction ‘ aoa | In fact, the caterpillars may even} The North Dah urisdiction of Onder United Work nd eracks of chests {the Ancient ing. The! men has stm such lo- {sti ing a re will generally discourage the lof the finaneia ndition of thi | branch nee 104, when their meth LUMBER HELD DHS AN eer i oe anariee CHEAPEST INOW lit Gos eine sarcuios at the ised for storage of clo [statement for 1928, for of amounted Phe price of lumber at this time | 6 nd a surplus of $ fs much cheaper than it has been for | rs past. I believe however this merely 2 temporary deflation quired reserve tuary dividend of HONORED ON NI A. 0. U. W. Lodge! t ETIETH BIRTHDAY ent Abbott L. Lowell « ulty of Arts and § AN EVENING AT HOME WITH THE LISTENER IN By Courtesy of and Copyright 1924 By Radio Digest Publishing Co.) (SRE INSTRUCTIONS FOR U 10 seo | @0stu 6) | Silent $11 | 200. 243! 700-10 0 8:3 t if om 1.04) 6:00-11.06 9 | p10: 06) ‘She seat 00) 1 405 | §.15-10:00) 6:30] S:18-10.001 618* 6.20] § 1s- 6:30] 5.164100) fa | 500-0301 “Stent 8:00. 9:30] Silent ‘|| i | $i eae a eat | 8.00. 9:30] a te sme Ho: $0 7 meas given im Centrai Eaatern Time, add une hour to each of the periods state “Time, subtract one hours 4] your city uses Pacife time nly the evening broadoaata, and, on Sunday, the late afternoon program, the past yea constant} f this order is best shown by! 2.00, North Dakota | beet s the states of | ntana, Idaho, Wyon | Grand Forks, Mar. Although Potal panes Neva grin Muy of the sections of the North- 1923 $152,812.00 and the total claims west were experiencing 2 d paid since the origin of the A, 0, U.| this section eseaped with um W. sum up a 1 of $2,969, temperature of 24 above. y unusual condition in the | hetesale lumber market on the Pa cifie Coast, There is a heavy con at the mills in soon as this Hy Washington and a eyed it is generally conceded that | As Nation- the price lumber will make a] sharp The above state-| ent was given out by N. E. Bystrom of the Bismarck Lumber Company. ‘ir. Bystrom urges that those con- | emplating building or ring = hould arrange for their re ments qpickly as buying now is o show decided saving. Lumber en into such « large rt of our building operation that > anticipate the of this } roduct should figure on their re-| ment and take advantage of nt low prices. TUDEBAKER IN || A RECORD RUN A remark- Tampa, F able seven-day, un of 3,101 miles, ju here by a Studer, Light ing car, is causing widespren ment among motorists in this vi e ompleted ighteen drivers handled the car| daring the run. Taking out the time required for changing drivers, thes Light-Six actually covered the miles in 147 hours at an average speed of 21 miles an hour. Gasoline | cénsumption averaged 21 mies al gallon and only 300 miles per’ quart of oil was used. Running continuously day in and| day. out, climbing hills and plowing | through bad roads, and forced to idle | down in congested traffic, the car's radiator thirsted for only one addi- tional ‘tea-cup of water. The original owner, Monroe Laza- rus of the Tampa Daily Times, drove the Studebaker for 15 months on Hane Thee, 1 ak Ob) mila He | Siidards of American horne-build- ageraged 4500 miles a month in the] fir and heme mn kiig entemanah fifteen months. “His records show an| 18 third year reorganized | and average of 20 imiles per gallon of | Strengthened. = An active educa- gas, and eight tires in 44,000 miles,| tonal campaign, entirely free from Haitian cout OE operation any commercial interest ‘and fin- Z anced by public gifts, 1 ¢:der way. | The problem ‘of the. small! home will receive. major con- sideration, How the man_ with a small salary can establish a heme embodying the maximum of | mfort, convenience, healthfulness and cultural facilities will be the theme ,of demonstrations on 2 natjonwide scale. Herbert “Hoover, Secretary of Commerce, is peeeiient of the or- tion. es Ford, 2 DR. JAMES FORD @ HARRIS 4 EWING national movement for raising the Better Homes in . America, the! ‘Better Homes Movement Gains Impetus Wide Educational Drive Begins Under Hoover’s Leadership OR. JOHN MiGRIES. OQwARRIs & EWING, HERBERT HOOVER. : ~ oh © Uno RWa00-UNoERWOOD vard University to undertake thejrected this year to interesting rural executive direction of the 1924}communitics in the movement. ‘The campaign. Dr.. John M. Gries,|spetial aim of the movement will Chief of the Division of Buijding|be to demonstrate homes which and Housing of the Department of |families of moderate incomes can |Commerce, is a member of the|afford. While no strings are’tfed \board of directors, and an active}to local committees demonstrating leader in the work. Better Homes, national head - Headquarters, of the Better| quarters is urging that atten:ion Homes, movemént lave been moy-}be focussed upon houses withirt ed to Washington trom New York.|reach of persons in moderate cir- The demonstrations of Better| cumstances, x PHomes throughout the country this} /May 11 to 18, lof the movement five communities demonstrated Better! this year. »willtake part... ~Particuiar ‘efforts are being-di-|be done in that direction. QUT OF PATH! Already assufances are pouring year will be during the week of/in from cities and towns scattered Tn the first year| throughout the nation that. they hundred) will take part in the movement One far western city | Homes, and last year about double| has written in that it will demon- |, that number. The outlook for) strate seven new housés, complete- Better Hontes pee this’ year is|ly furnished, afd intends under- that many hundreds of additional|taking the renovation of a dMap- idated old house to show what'can ‘EXPOSES THRFF FINANCIAL FAKES Politicians Mislead Public Re- garding Corporations, Credit, and Railroads, Says F. N. ; Shepherd. | FALLACIES ; MET WITH FACTS Declares People Will Make Short Shrift of Those Who Deceive Them When Aroused to Truth of Own Interests. | — Three great misrepresentations, by which certain politicians have advanced their own {nterésts at the expense of public welfare, were recently declared by F. N. Shep- herd, Executive Manager, Ameri- can Bankers Association, in an ad- Eliot; Charles} dress at Kansas City,’Missouri, to ; President James R. | be the oft-repeated statements that “Wall Street” owns the corpora- | tons, that the Federal Resérve | Banks discriminated against agri- | culture adi deflated the farmers, and that there are seven billion | dollars of “water” ip railroad” cap!- | talization and rateg*should be re- ; duced accordingly. { What Facts Tel! In regard to the alleged owner- ship of the corporations by “Wall Street.” Mr. Shepherd showed that the securities of American corpora- tions are very widely held by the people. The Union Paelfie, he point- ed out, has over 50,008 stockhold- ers and the Pennsylvania Raflroad 00 stockholders, 67,000 of } whom are women, with an average) ownership of 47 shares each. The | American Telephone and Telegraph ; Company has 200,000 stockholders, | 120,000 of whom are employees, , and the United States Steel Corpo- | ration has 174,000 stockholders. According to a recent report of the Interstate Commerce Commission, | he said, Class I raflroads have a | total of 777,132 stockholders, there | being, therefore, practically as many owners of shares ag there are employees. he real capitalists of Amer!- ca,” continued Mr, Shepherd, “are these and the bondholders whose funds are invested in securities through their thirty million sav- ings accounts, and through their ownership of over 71 million life and industrial insurance - policies. Once arouse these people to the tact that it is their intere-ts which are being attacked through these misrepresentations and they will make short shrift of those who de- ceive them. Truth About the Federal Reserve “As to the Federal Reserve Sys- NEW CABINET: IS SURPRISE French, Are Asténished at Men Named by Poincare © among the |Fren¢gh pwhbl: throwing overboar! a jas it does eight ministers who had | worked under him for two years or more and replacing them with a | combination including men wha in | parliament” voted against his fiscal |measures. The premier’s declara- | tion of policies in the Chamber of | Deputies next Monday for this rea- son is awaited with great interest. | ‘HAGEN GASE ~~ NEARS JURY | Arguments i in the Case, How- ‘ever, Will:Last All Day Grand Forks, Mar. 29.—John Burke, attorney. for the defense, | had not completed his argument in \the trial of H. J. Hagen at noon to- day and the indications were that lit would he late ¢his afternoon at {the earliest before the case of the former president of the Scandina- vign«American Bank of-Fargo, who is charged with accepting deposits when the bank was_ insolvent, would reach the jury. The defense attorney’s main contention in his argument was that Hagen was president of the bank in name only during the last year or so of its existence and that Lars Christian- {son was the real dominating figuré “in the management. Hagen and ‘other directors ‘had a right to as- sume the bank was insolvent on the strength of the ruling made by whe state bank examiner, the at- | ae maintained. 2 “DAKOTANS” IN CALIFORNIA BANK GC. Brooks, ’a gt a graduate ar Da- kota Business College, Fargo, N. ;D., wagerecently elected cashier of the Roseville’ (Calif.) National | Bans and his brother, also a’D. BC. man, has been made assist- ant cashier. You’ Il:find ““Dakota’® men ana women in positions of trust from coast tg.Coast—about 226 are bank officerss®) With D. B. C. training ‘aur chance is as good as theirs. Compare schools and ‘Follow .e Bucce$Sful. Enroll in early pring, be ready for position in Fall. Meite F. L.. Watkins, “Pres. ) 806 *ront St., Fargo, N, D, - , tem, instead of its discriminating, against the farmer, exactly the op- Dosite is true. During the period of greatest decline in the value of agricultural products, about which there has beén so much loose talk, rediscounts with Federal Reserve banks in non-agricultural districts actually decreased by 28 per cent, but in agricultural districts redis- counts were actually tncreased by 56 per cent. The Federal Reserve Banks of the big cities of Boston, New York, Philadelphia and Cleve- land poured into other Federal Re- serve Banks {n agricultural dis- tricts Hterally hundreds of millions of dollars. “As to the alleged seven billions of ‘water’ In the railroads, a physl cal valuation of the railroad prop- erties has been under way for the past ten years, as a result of the La Follette Act, conducted by a body of unprejudiced, non-political experts by whom the valuation has been placed at $18,900,000,000. Al- though it has been officlally stated, and refterated, that, in arriving at this figure, no cons{deration what- ever was given to capitalization, politically-minded men are still de ceiving the public, and particularly the farmers, about the ‘water’ fo the railroads. Railroad stock to- day {gs not watered. Any possible fair scheme of valuation today proves that our railroads are we (h from one to two billion dotfars mote than their capitalization. No Railroad Income Guarantee “Further, demagdgues are tell- ing people that the railroad income is guaranteed. The Esch-Cummins Act does not guarantee any return fo railroad stockholders, as the demagogues constantly assert. By its terms the Act simply provides a yard stick for rate making, which is that a fair, railroad rate is one which would show_a return of 5% per cent upon the actual value of the property used in transporta- tion in a given territory. “This provision bears no rela- tlon .whatever to railroad capital- ization and, moreover, no relation to individual railroads, some of which might show earnings under such a rate-making provision in ex: cess of six per cent, and some much less. No consideration whatever ia given in the Act or fn the admin. istration of the Interstate Com: merce Commission to railroad ¢: talization or any return upon It. . MIDDLEMAN’S PROFITS Words of objection on the part of the farmer against the middle man often are in vain, but the farm: er who raises on his own acres all that his tab.e requires, the year round, places himself in a position where he Is largely independent of the middleman, Often the remedy for many objectionable conditions Nes in our own hands. give 9 for the best answer to the casting?” American Radio Association will’ question, “Who is to pay for prond) Are You an “APRIL FIRST” INVESTOR? A FAT pocket-book on the sidewalk—you for- got that it was Anril Ist and re:iched for it—but it was gone. Have you ever had this happen with an invest- ment? You thought you saw something that would pay big returns. A glib promoter let. you in “on the ground floor.” Then he pulled the styings—and you lost all you had. . Do not be fooled by these “get rich quick” schemes, either on April Ist or any other day of the ygar. Consult your banker before risking your money. The officers of this bank will be glad to advise you at any time. FIRST GUARANTY BANK F. A. Lahiy President. |. V. Lalif, Vie President, J.P, Wagner, Cashier. NOW! 4 ae A } _ If you have a remote intention of doing any kind of building this year—do it now. Ask about our new Low Level Price List that we will have completed in a few days. It will pay you well to do that, We are always ready to be of any assistance to you that is within our power in the building line. Free estimates and expert suggestions on* prospective plans for homes—Even free plans on buildings not within the scope of a regular architect. ——BUILD NOW—— Bismarck Lumber Company Phone 17 Cor. Sixth St. & Main Yours Truly, John Smith All the world despises an anonymous letter. We like a man to sign his name to what he writes. But did you ever think that unknown mer- chandise is anonymous? Nobody to vouch for it.. No name signed. ~ Notice the advertisements in this paper.’ There in bold print are the names of thdse | who stake their reputations — stake your good-will towards them on the truth of what’ they have wenegien: : - The maker of advertised goods realizes that: he might fool you once — but never the * second time. His success is dependent upon your continued confidence in what he says in the advertisements. 3 Read the advertisements with eonfidence. They tell truths that you should know. - THE MEASURE OF SATISFACTION IS’ LARGER IN ADVERTISED PRODUCTS BS eres" =