The Bismarck Tribune Newspaper, June 5, 1924, Page 8

Semen TR amer, PAGE EIGHT THE BISMARCK TRIBUNE ASKS FOREIGN | = #OY Sow me MONEY LOANED BE SPENT HERE Speaker Tells Foreign Trade Body That This Is Neces- | sity For Industries WOULD MAKE LOANS Advocates Reduction of Huge Gold Through Foreign Loans | Supply of Nation Roston, dune Point fact that) private Americar loans since 1019 late egate | $4,000,00: ), ound that others were about to be made, Franklin Re ton of The Foundation Company, to day declared at the Eleventh Nation Convention, that] the proceeds | must be} Mr, Remington the would ot get the full benefit of its} said that without such a policy United States | Britain foreign | loans, as is the with and other countries making Joans in undeveloped countri He proposed as an immediate tion of disposi problem of using Am | stock of gold in loans, the formation | of debenture corporations composed of leading manufacturers, ing with bankers, He said the a controlling bedy over Develop Trade Remington s: dy Mr. “Foneign loans are the of developing foreign t ing fields for wider markets this na-) tion naturally turns to undeveloped best means | de, In seek countries which, being without funds, have no purchasing power.) It is evident, that in order to be-| come customers, such countr raise funds through fe s must} n loans, | it is almost invariably the rule that _ ght oF he property | foreign trade follows foreign lowns:| Expecte j S Petene Owmens of the city, and the conse: and it is a well established policy of | Expected to be More Exten-, quence is that th estate in the | sive Than in Past cit? is now practically valueless, — | Great Britain to loan only on con conditin expenditures for materials] are made for British products. | Whether or not such a stipulation is made in the loan agreement is of | at minor impor because the facts the purpose of, manufacture articles is actually | spent for British products exclusive: | ly. This practice in connection with | foreign loans made by Great Brit- | eration of Wool Growers associations words, we, do not have centralized | eu Rife feeteligwau ietotely: by father: Bu. | told) the federaulon at its ntti annual) business natura ae our ‘ BU oa cies Ga aking lane. ing sth o. Mr. Power is! government, neither in state nor! i , ee ehucinstic regarding the success of | local government. State — officials “It appears, therefore, that where | an unde ntry loan through one of the E nations, the ufacturers of the United States are effectually barred from furnishing materials to be pur-' chased under th: n. The great, question, then, for rican manu-| facturers to answer is how to make! loans to undeveloped countries in| eloped co secures competition with Great Britain and) er other European countries. “The most formidable bar to plac-| ing foreign loans in the United States is that the American inve is not interested or posted on foreign is- sues. It is, therefore, difficult to} market them in this market unl they be government loans of the old- er nations, If, this formidable im pediment can be overcome, then the| United States will be in a position to take foreign loans in. competition with Great Britain and other Eurs-| pean nations. By stipulating materials shall be of American ori the United States wiil greatly widen its field of foreign trade. Action must be taken immediately while the United States occupies its premier position in the estimation of the new countries as a result of the part it took in the world war,” ASKS COOLIDGE CALL PARLEY Los Angeles, June 5.—Mrs. Thomas G. Winters, president of the Gener Federation. of Women’s Clubs, biennial session here today, announ- ced today she would ask the c vention to ask President Coolidge to call “a new international conference of world forces to further limit armament.” WILL PROBE N, P. GRANTS Washington, June 5.—The resolu- tion providing a Congressional in- vestigation of the Northern Pacific Jand grant controversy was signed today by President Coolidge and a joint committee of the Senate and House will be organized to conduct the inquiry during the coming sum- STATE FUND IS NOT LIABLE The State Bonding Fund was held not liable in a suit for $77,000 by Burke county, to recover on the bond ‘of the treasury for money lost in the closed First State Bank of Bowbells, jand the suit was dismissed by Dis- ‘trict Judge Lowe, according to Har- old Hopton, manager of the fund, ‘ who returned today from Bowbells. Latest phote uw, son | sume ‘ar Evelyne Ne , Harry K.itax in the rent which he charges. Thaw The boy new. sport long Hf they did not do so they would} trousers and is a member of the} Seon bankrupt. ‘The — indirect | editorial staff of his school paper a one of the ses for Atlantic City, WOOL POOL money borrowed in| there's anger federation and) much more] “Forms of loeal government which | wool in the 1924 pool than in the) ve not kept pace with the econ- last. one, J. A. Power, of Leonard, growth of the people are an-| president of the North Dakota Fed-| other aesponsible cause. In other | ithe pool | The followin ed: M one W leaving the sta extent county officials are Following the » of the fed-| independent of such governing board ion, the Ward of directors met | Every state official and state board, | eta; ‘fhe bonding fund was represented by First Assistant Attorney-General John Thorpe. PERMIT GAMBLING _ © Rome, June* 5—Limited gambling will be permitted by law in Italy. Games of chance will be allowed in a number of recognized resorts, binet. has. announced. But y ken to keep artin, Turtle Lake, all for three ye: W. Keltner of followit Power, Coffel, | urer William Gu Australia was A motor vehicle customer in 1923. | Wheat . WILBUR TELLS NAVALACADEMY OF U.8. DEMAND Leadership Is Not Dependent on Gold Braid, He Says To Midshipmen THEY ARE ALL “DARK HORSES!” RESPONSIBLE PEOPLE ARE FOR HIGH TAX In Part Responsible For Care-| anner of Voting Bond. | less M. Issues, Baker Says | EVERYONE MUS .. PAY ~ | \ CITES NEEDED QUALITIES | om ay 1 | Bottineau, N June 5.—"A con- eee isiderahle part of the high cost of Annapolis, Md., June 5—Leader- Jyoverument can be laid directly at ship not “dependent on gold braid Tthe door of the (A, Baker, deputy s oe told ° | All mere men playing ii eee part Bs the Democratic national Wee hs -!convention. And any one of them may come for | Secretary Wilbur Navy depart- jple are directly re sponsible for high | Prom left, to right:they are Senator ( or Glass of Virginia, w PR aE RR all ne nS the prauaat: [tixes ine many districts where bond | to ye tHe Democratic. national committeeman from his home | ing: class at the N: neademy. fe eon, publie’ Improvements nator Juseph ‘T. Robinson of A ;, minority leader in the | “Real Jendership is based on re- j which were not immediately and Repfesentative Cordell Hull of Tennessee, chairman of the | spect for the leader,” the secretary were authorized by the elect ' ‘ national committee. suid, “and such leadership can be achieved only by the possessions of powers worthy of respect. Profes- sional ‘ability and accomplishments are the best foundation for perma- or gold lace or commissions written on parchment,” ,but on the personal attributes of officers, was urged by rb. Baker spoke of this phase of | the tax situation, after diseussing {many other for increased [the omnibus pension bill. Chairman j Lodge, of the foreign relations com- The senate | mittee said that the proposition had LOAN PROPOSAL KILLED ashington, June 5. jes. “Continuing he said: | ed a propo¥aste loan Germany | been carefully considered by the | nent leadership, but there is an alto- | “Everyone pays taxes either 00,000 for purchase of foad- | committee and voted down there and }-ether different basis of leadership lrectly or indirectly. Ordinarily the | ry. Senator How-| urged its defeat. He pointed out| which finds its source in tne heart Meus taxpay is considered asjell, Republican, braska, offered | that Germany had not asked for the] rether than the head. Such leader- ey ante eine bi ey the proposal an amendment to | loan. skip may command the ardent affec- i S, has usually been eager to in taxes on prop- 1 r hond issties for \ pull improvements and for the ex- J pansion of public activities, is not | sing by any means. The man- ufacturer, jobber, and retailer pass | Jon their taxes to the ultimate con- | The landlord passes on his 9. | Ariane | because he is. indifter-| s to how high taxes go for the | reason that he has the erroneous idea that they do not affect him. “We have an example of the re- sult of this indifference in one of the towns located in the southwest- er t of the state, where the in- direct taxpayers’ who controlled the vovernment of the city, saddled an enormous debt upon the “Inefficiency of public officials | - and employes and poor management | North Dako-' by governing boards have contri- | re showing mew buted largely to increased taxes in| B) wool acl ahd | a much; ‘ool some places, although in my opin- | ' to expect ion, this is not true generally. — | | consider themselves responsible only to the people, They are not directly | responsible to the head of the state | nd A. B. Mciling| government. The same thing is true | < and | of county government and local gov- eigen of Newbery, el d for}ernment. The board of county com- y to fill the unexpired term of| missioners _ is supposed. to be the Williston, who is| governing head of the county, but to } ind has: resigned. {.n large directors were nam- Ellendale; J. Be Coffell, Hamilton 8. I und, elected the President J vice-president, S ecretar and every county official, is pra ally independent, One department | no interest in the conduct of | other department of There may he an ovdrlo any - govern: | | ment. dof; and ndaale THURSDAY, JUNE 5, 1924 | tion and even devotion of the’ fol- lewer.” The secretary pointed out to the young officers that to them was to be committed in some part the des- tinies of the 86,000 enlisted men of the navy. “Unless your rule over them be tempered by firmness, justice, sym- pathy and courtesy,” he said “their services in many cases may be lost to the navy, Remember especially that sarcasm or biting witticism at the expense of a subordinate, es- pecially if he is an enlisted man and thus incapable of retaliation, is un- manly and fatal to one’s standing as an officer. While the syncophantic bystander may be amused, the object of it has received a wound in his seul which may not heal.” The secretary said that most of the Navy enlisted men returned to civil life after an enlistment or two. “Here is a fertile field for the propagation of true opportunity to return to the bloodless conflicts of civil life thousands of students whose conduct will make or mar the republic we love.» “It is a safe rule in dealing with a man under you to put yourself by imagination in his place. What I crave for you is that you may and be worthy of exercising moral leadership.” States that have highest rank ac- cording to income are highest in motor registrations. Cook by Electricity. It is Cleaner. Announcement of Formal he OPENING Tomorrow evening, Friddy, June 6th, at half past seven we will open for public inspection the New Bismarck Cloak Shop at which time we will be gladito have the ladies of Bismarck.and all this vicinity call and acquaint themselves with the advantages this new shop offers to the lady who wishes to dress correctly without un- p hoklarer directors of he OF | were the yout andy at the namo | necessary expense. No merchandise will be sold during the two s onl denn (Pe mana Aina [IME ae ee renideeo) Wine | hours our shop is open tomorrow evening. There will be music, he Jaws. un- | 5 oti is con-| jchange of employes jder which public business leading | ducted make effieieney practically, | impossible,” Chas. Ouradnik, Devils Lake erica’s parel will be displayed. | | i Souvenirs Please your palate ; attending the opening. and at the same time give your stomach a welcome relief from the heavy foods of Wirter. Eat, hredded are in need of a new Coat,.Dress, Suit or Hat. ues for the opening sale. eet ea e with berries ~ for breakfast, for lunch, for dinner. A nourishing, satisfying meal for the up- and-coming live, energetic man who has to use his brain. Rich in iron, rich in vitamins and mineral salts. Ready-cooked and easily digested. Better than ordinary short-cake made with white flour dough, Gives you snap and gimp for work or play. M. Glazer wii courteous salespeople will explain to you the policy. of merchandis- ing that will be followed out and much new spring and summer ap- An attractive and useful souvenir will be presented to each lady Tomorrow in The Tribune will appear the first sales announcement for the new shop. It will be of very greatest interest to you if you We have been very fortunate in securing many very attractive val- Watch. Tomorrow’s Tribune for an Unusual Price Announcement ° Bismarck Cloak Shop M. Garrison NEXT TO CAPITOL THEATRE DIVINE SHOT DURING CALL Rev. Michael Gilbridge Victim in Massachusetts Dracut, Mass., June 6&—The Rev. Michael G/ Gilbridge, passor of the St. Mary’s church, in the Collinsville district, was shot to death at the home of John King Sr. today. Capt. David Petrie of the Lowell police was seriously wounded while pur- suing John King Jr., who was ar- rested and charged with the slay- ing. , Father Gilbridge’ had gone to the King home to make a call, What led up to the shooting is not yet known, Immediately after the priest was shot the younger King ran from the house with a gun in his hand and rushed into the woods nearby. The Lowell police were notified and at once started in pursuit. ‘As they approached the woods there was an exchange of shots and Capt, Petrie fell with a bullet in his body near the left lung. King also was wounded, but not seriously, and aes afficers caught him and brought him to a police station in this city. Light makes. of autos predominate in farming areas.