The Bismarck Tribune Newspaper, April 10, 1924, Page 3

i crs of $45,000, | the fact complaint of i Confronted by d gress set abou Ayvould destroy the people generally ¢ duced to study the 1 ) Achy without h ott to understand it. v THURSDAY, APRIL 10, 1924 ASSERTS RAIL ACT BENEFITS ALL SHIPPERS Northern Pacific Representa- tive Speaks to Employes Here on Subject HOW THE ACT WORKS “Adequate railroad service for the people of the United States is the object of the Transportation Act. This is the main provision of the !L other provisions are iary to it. ad earnings and doctrine of efficiency of railroad man Goodsill, ident of and economy gement.”” the ee M. M. vice pre nt to orthern the employees here last night, at a ing of the N. D. Booster Club. will be; remembered that the turn k to their fter a most disas- owners in 19: trous experience with government ation,” he continued, “This e ienc ad continued during riod. srage of twenty monthly months loss to the of 45,000,000, not to mention | fact that there was widespréad of unsatisfactory service. this situation Con-| the y of oa ight be present ze law under which the privately operated ‘ansportation Act was its deliher Prin nder operated » long ena roads and the ples Held Sound this law the for mething gh to demon- t the principles upon which are economically if congressional ing with it ean be prevented, Is will be able to rehabilitate a2 mselves to such an extent as toj meet every demand of our expanding commerce. these facts I ask whe- it-would be the part of wisdom to destroy the good already accomplished, merely to gratify the the roads n ov sound tinke ands of who are always wanting to change horses in the middle of th. It would be lendid thing if people genc wid be in- tudy the Transportation prejudice, until they It is an en- v thing in railroad legis ides for a departure from iethods in rate-making, and ap- such sane principles 'to the Relation of one of the greatest and most complex problems with which the nation i conf nted = tha it } should be protected from those who it for purely factious reasons. Previous Efforts 1 our previous efforts at wlation the plan was to to the very lowest fig- » without absolute. confis- cifibn. The act declared that the roads entitled to a rea- sonable return on the value of their property and the Inter- state Commerce Commission to fix rates un the roads might rn such ‘The commission imated 5: return that in earned that return, ing better each yeu will earn it in time earn it the rates they now charge will have to be reduced, for the law does not, contemplate that they shall uré jpossil new were. instructe return, began fixing rates with but they are do- und, no doubt, When they do earn more, although should any one of them carn in excess of 6 per cent, provision is made for by the government of of the surplus, the other 50 per cent foing into a special fund for im- Provement purpos he second new pringiple in this at embodied in Section 15A, which instructs the commission in making r: to give due consider- ation to the transportation needs of the nation, now and in the years to come. In view of the fact that the railroads had not been able to meet the demands uopn them for some years some such p ion as. this seemed necessary. Under it the cre- dit of the carriers has been revived the 50 to such an extent as to enable them to obtain ne billion doll pend on capi ments and | crease their money, more than a last year, to ex- ount for improve- tterments and to in- arrying capacity. ous railroad legislation ig like so important s. Congress seems given thought i ded to restrictive regulation. It has een conservatively estimated that from $750,000,000 to $1,000,000,000 must be expended on capital account each year during the next deeade by the carriers if they are to continue their present efficiency and meet the ever-increasing demands upon their capacity. I should like to have some radical member of Congress tell how they are to obtain this money Lilvas they ure able to give a rea- ‘sonable assurance that a fair return will -be paid thereon. Returns Are Paid “And I want you ‘to know that these rgturns are paid, not to Wall street, as so many seem to imagine, but to hundreds of thousands of in- dividual investors scattered’ through- out, the length apd, breadth of the The Act also} pres- | have | percent as a reasonable | The roads h@e never} land. Almost two million men and women are now holders of railway stocks and bonds, not to mention the millions of policy holders in our insurance companies, practically a jof which are large investors in r road securiti@® Is it not the ‘ot wisdom to lets the contractor on with the building he has started to erect, leaving these latter economists to continue their voc exercises for their own amusement? Let the Transportation Act alone, at least until some sound reason for its modification is presented.” BRINGING BACK GERMAN MONEY IS PROPOSED (Continueg from page 1) | caused reduction of between nine and }ten milliard good marks, rnings ftom ete, wuses : of, mark credit bak bal? resulted in of between 7.6 and 8.7 mil- gold ma itty tus rt go German _ snipping, veubucel than! a, muTLOH aNuividual were found in German (RY—Sales of gold aggregat- and a half milliard gold (C)—-Sale of German real and securities to foreigners or Ruane marks, property approximated and a half mil- liard gold mar “Section Conclusions as to unt of German foreign held as- sets “(A) Committee estimates that} orman capital abroad of every kind whether liquid or in permanent in- hot on Dece ee milliard gold than 7.8 milliard ge na ts was , than more vestme: 131, 19 jand not milliard te total. with the an foreign in foreign ately 21 milliard of 6.75 approxin comparison te of Geri hows a reduc gold marks is This 1914 holditgs hold- ure the {gold marks, eB y addition to the foregoing, {foreign currency now in Germany now approximates —_1,200,000,000 marks, |, “CC)_ Te must be remembered that foreigners hold property in Germany, which has a counter balancing effect Jand the committee estimates the value of such property as from one to one and a half milliard gold marks. Conclusions HCTION 4. Conclusions as to of bringing exported capital ck to Germany, Flight of capital was a re- thy ustal econ- omic factors, namely, the failure to Ibalance the budget, inflation and the rai of large national loans but recentuated by the atti+ tude of the German people toward the Sayment of Germany’s war cred- itors, and was marked by. ingenious devices to evade restrictive legisla- tion, It was also influenced by the action of speculators and timid in- vestors. 1 “(B) Neither legal enactments | nor severe penalties hampered the flight of capital or resulted in the disclosure of assets abroad, Under| |the economic conditions above s led this demonstrates the ingfective- \ ness of restrictive legislation and the committee feels that lbeen ineffective whether or not the vs had been fully enforced. “(C) The only way to prevent exodus of cap turn is to e causes. Inflation ently stopped; the ate fundamental must be perman budget must be issue on a jbalanced and a bank of sound basis established. “(D) The committee fi knows the conclusions of the t committee experts and if effect is given to their recommendations, it thinks that con- siderable of German assets abroad will return to the ordinary a e in point *|where under a_ stabilized currency {the necessities of trade bring back existing foreign holdings. “(P) While believing that special legislation is not required country’s finance is on stable b rtheless during the pei transition the committee suggests that Germany might grant an a ity for a limited tinte to those bring- ing their capital back, who violated German law in sending it abroad and specig) terms be offered for scriptions to government loans. h are made jin foreign curren- cies.” , Minorities Happy In Esthonia + Reval, April 10.—Esthonia, wh its population of 1,500,000, incinding 200,000 Germans, Swedes and Rus- sians, has reached a solution of the minority problem which hes been vexing the government since the lit- tle Baltic state was founded and which js reported to be working most satisfactorily to all concerned, Terms of the agreement, based on the prin- ciple of cultural autonomy and local self-government, were apptoved some tinie ago by the League of Nations. Girls! Have Pretty Eyes No girl is prett» es are red stained or have dazk.r:ngs. Simple camphor, witchhazel,, ete. as ‘mixed in Lavoptik eye wesh, keeps eyes healthy, sparklin~ and vivacious. Dainty eyé cup fe-. Jos. druggist. WHEAT MAKES jmarks and it thinks the middle fig-| it would have} * and encourage re-} \ when a|N THE BISMARCK TRIBUNE MARKET NEWS | No No un A COME BACK Sheep receipts 2,600. Few good wooled lambs $15 and heavyweight ewes 'Choice lights quotable up to § One short deck of 55 pound feeding lamb: 10. CAICAGO LIVESTOCK ica April 10.—Hog receipts Uneven Mostly steady to Spots strong to five cent higher. Cattle receipts 10,000, Beef steers uneven, early top matured steers}, $12.40. Sheep receipts fat wooled lambs, j | Slow, good] st 10,000, early MINNEAPOLIS GRAIN ! Minneapolis, April 10.—Wh i ceipts 8: s compared with 15 { ago. Cash No. 1 northern ae 1.105% to $1.1 No. 1 dark north-! ern spring, choice to fan 1% to| 63 good to choice $1.16% to 3 ordinary to ¢ & tol $1.15%%; 2% 5 | yel- MINNEAPOLIS -FLOV'R« i Minnéapolis, April 10.—Flour un-} changed. Shipments 40,999. barrels.! Bran $22.00. i | BISMARCK GRAIN (Furnished by Russell-Miller Co.) Bismarck, ern 10, 1924. evan En amber durum . mixed darum . | red durum 1 1 1 1 al 1 Bi Peery es 52 We quote but following Oats . Barley CAPITOL THEATRE TONIGHT, Thursday LARRY SEMON King of comedians in “TROUBLE BREWING” Martha Mansfield and Seena Owen in/ Anna Katherine Green’s Mys- tery Masterpiece THE LEAVENWORTH do not handle the} . d9e | i | | Speltz, per | Geese, eee Ib. EC OOO OOOO AUDITORIUM ont | MONDAY, APRIL M4 Seats on Sale Friday at Harris TONIGHT — THURSDAY cwt. 80c New Shell Corn White & % c llow Mixed Ze Sle 49 Ibs. test 55 Ibs, test per pound discount | le under Sur corn (70 Ibs. in Minnesota) 5e der shell. ALE PRODUCTS oct re—Bismarck E NIGHT ONLY & Wi pecan: CALL iT LOVE’ wit AGNES AYRES ~JACK-HOLT NITA NALD!-THEODORE KOSLOFF RCD LA ROCQUE Paramount Piclure ——AND—_ WILL ROGERS | i COMEDY “TWO WAGONS BOTH COVERED” | VALLEY CITY BANK REOPENS? Officers ion Expected to Funct If you have not yet purchased your below you will find a big saving in almost anything you are looking for. Elected peearan Institut- MANY ENTER ion ESSAY CONTEST Compete for Prize Offered B) Good Roads Body \(F y Northern Produce Co.) Again —— | Cream-—Butterfat, per Ib, - 58e Many North Dakotans are expected Rallies After Going Down-! ®¢s—Fresh, candied per do 18¢ i bind into the ALU cha . + Dressed Poultry Valley City, N: D.,’:April 10. Roads essay contest for 1924, with a ward in Early Trading — [No.1 D. P. Young Tom turkeys, Bese GrCeee re REE chance of winnttgithe WS. Fires |e afer tb. ke Ais ae Me : ne Hes vice-| stone four years university scholar- ant +: ee * Y > ay: p! dent of the Bank of Valley City] ship f the best essay on the sub- Chicago, April 10.—Buying No. 1 D, P. Hen an ue per lb. p A ship for the best essay 8 whieh che AE THe ate teu og | No. 1 Dicks per Ib. at a mecting held in the bank rooms | ject, “The Relation of Improved took the lead brought up prices |No. 1 Geese per Ib. for the purpose of re-organizing that | Highways to Home Life.” of wheat and eornptoday, nieve |No, 2 turkeys, per Ib. ..t. institution which was recently de-) ‘The Highway Education Board, in Kies gieeetene weccuaene WIEN, || “Live Poultry clared insolvent. Walter Coop, for} an announcement of the contest re ivevioualy Madi tuvientplaee, ‘The | Heng 4 Iba, cach @idvover par Tbr ag|are? cishier of the bani, stated. thee close was firm, both for wheat | Hens under 4 Ib ch, per Ib. Michel tor Hatneee, “inl oaRBHRC Ea and corn with wheat shade to | Springs, per Ib. fica mae wRBH ERG : i 5.8 cents higher $101 78 {Cocks and stags, per Ib. Ry woul Re MEU Caan ie seh eT OR aNd: » 12 ¢ i ni vin WO! he . s . to $1.02 and July $1.03 1-2 to $1.03) Ducks, per 1b. bank examiner allowed same, — Al- ceived must be res ail students of high school grade are eligible date of the contest is April 21. school students ente TTR RU LU LL HOSKINS - MEYER Patt ies est i. beets" Spring Flower Show Realizing that the wonderful display of Ea in their riot of colors throughout the entire rainbow iru ad here, states that the essay stricted to 700 words, and The closing High ing the contest for entrance. are urged to their they be There will be no entrance tee. show. HOSKINS - MEYER to teache Cook by present their® essays jwith request that entered in the contest. It is Cheaper. at our greenhouses at 3d Street and Avenue E. for our own eyes alone to feast on would be selfishness we are going to next Sunday afternoon Palm Sunday let you feast with us. The greenhouses will be thrown open for your inspection. We are putting on the | ll TU UU A NO RETURN OF GOODS ALLOWED PRE-EASTER SALE OF SHOES ig \ though he will retain an interest in a | a the institution, Mr. Coop will be in- Chicago, April —10.--Influenced | Tos Late T To Classity active and plans to spend the sum- -|chiefly by the government crop re-| mer here looking after his farming port, wheat declined today during} FOR RENT Two modern unfurnish-| interests and later moving to the ea the early dealings. With only mod-) ed room Inquire at 304'2 Main] west coast. ts Kimonos Draperies erate selling the downturn carried] Street. Front apartment. E, 0, Nestos, deputy bank exam. |" S!'> a i Prides Lorwithin n traction’ of the 4-10-8t |liner, was elected cashier of the bank | Waists Dresses ghams lowest level so far this season, Ac- | = and will enter upon his new duties | Coats Sweaters Stockings cording to one authority the govern-| FOR RENT—Two furnished light} immediately having resigned — his : ment report, is figured on the b housekeeping rooms in modern] present position. Mr. Nestos is of the final par yield per acre, would! home, ground floor, private en-Plocal 1 nt and a man who has suggest a production of 620,000,000) trance. Clean and cozy. Close in.] great personality for meeting people. bushels, an amount 71,000,000 bush-| 421 3rd St. Phone 564R. " Only thre: will be employed els than the estimate issued yeste 4-10-3t] in ‘the bank, Cook, Cashier day. Opening prices which ranged | Nestos and Miss Anna Lybeck. |from 'se to ‘ze lower, May $1.01 to] FOR RENT A two room apartment] The capital stock of the newly or {$1.01%: and July $1.03 were soon fol-} partly shed, first floor,* out-| ganized institution will be ,000,{ Don't wonder whether you can dye lowed by a slight additional sag. | side entrance, bath in conne, it was said recently. The capital| “Diamond Dy-s” even if you have = 3 | Also a sleeping room ons stock was over subscribed, according | never dyed before. Druggists ST. PAUL LIVESTOCK | floor, all in 1, quiag home.} to Mr, Cook. or tint successfully, because perfect j South st. April 10. Cattle; Phone 836M. 405. oth St. home dyeing is guaranteed with receipts 1,900. Active, generally ste 110-1] The state banking department de-| all colors. Dircetions in each pack- Few matured steers early clined to comment on the reopening. | age. | 7.00 to $8. t she-stock/ FOR SALE—Avery Tractor 1 ats to $8.00. Bulk $4.25 to $7.00.! complete with three bottoms plow] # Canners and cutters and self guide. Almost new having Bologna bulls slow, bulk plowed only 1 ; s out- $4.60. Stocker fe uctive,) fit may be had at less than half bulk ce receipts} of the new price. Time to re- 1,600. cents lower, Best | — sponsible parties ire Dakota lights $! to Bulk $9.50. | Auto t. Phone 24 Hog receipts Slow. Ten toi 428, 1-10-3t : 15 cents lower. Few loads sorted | i 180 to 200 pound averages $7.00 to, FOR R room shed . yy ‘KR r id shippers bidding} — modern Write No. 748, in 3RD AND BROADWAY — OPPOSITE POST OFFICE mostly $7.00 for desirable grades of | T 1-10-3t lights and | butche Roush or NO GOODS SOLD ON APPROVAL heavy sows $6.00 to igs early | FOR Ri Four rooms in modern 1$6.25 to $6.50. | house, 418 Ist St. 1-10-3t OPEN EVENINGS UNTIL 9 O’CLOCK Jaster Footwear, you are in great luck, for listed We are re- ducing our entire stock including greys, tens, suedes, patent leathers and satins. Sale Starts Friday, April 11 and Continues to. Easter Ladies High Shoes Ladies’ High Shoe, Bla¢k and Brown, Louis and Cuban Heels. Values up to ‘close out $1.89 We have hundreds of pairs of Shoes Make your children happy by buy- _| ing their Easter Shoes at the Fair Store, and take advantage of the Great Reduction Sale. $10.00; . for Ladies’ and Children for your in- Come in and spection at this sale. look them over. Ladie Ladies Low Shoes Brown, Black and Patent Leather Oxfords, ‘Crease Toe, values to $6.00. Close out at Ladies’ Former p! Ladies’ Black Satin Pumps, value up to $8.00. $4.45. rice $8.50. Sale price $4.95 price $4.95 Tan and Black Suede Pumps, high grade. Sale Ladies’ Gray Suede Strap Pumps, $9.00 value. Priced for this sale at $7.45 Ladies’ Black Suede Pumps, four straps. $9.75. Priced for this sale at $7.45 BISM 100-PLEASING FEATURES-100 You will miss a treat if you don't come; You'll like Bismarck better Valued at Ladies’ Patent Leather Sandals, an exceptional value $3.95 Ladies’ Oxfords and Pumps, all colors, Brown, Black and Tan. Values up to $7 0. close out at $2.98 Easter Sunday 150 pairs of Ladies’ and Gir will soon be here and we have s’ White Canvas Oxford This great sale to about Pumps which will be suitable for the season’s gala dress. Values up, to $6.00. Close 98c ‘ LADIES’ HOSIERY Lisle Black and Brown Hose. ‘Fibre Silk Hose, all colors. Ladies’ $1.25 and $1.50 Silk Hose. . We have a nice line of Ladies’ and Children’s - 49¢ . 59 +. -98¢ Coats and Dresses for spring wear at greatly reduced prices. Come in and examine them. ster Plants