The Bismarck Tribune Newspaper, June 7, 1924, Page 6

PAGE SIX [round of their scheduled 10 roun |GAYS BUSINESS Ports; BABERUTHIS CLIMBING UP. WITH LEADERS Home Run Kins Is Rising To-| ward Top of Hitters of | American League | | Milws nuke BEST HEILMANN STILL Babe Ruth,} chieved the honor of pelting out home runs, has land- ed-amony the leading batters of the American League after a long Chicago, whe in 1921 June 7 ‘The to challe NEC v the Yankees’ star, Harry Heilmann of the leadership, today is fth with an| 7, a gain of 31 points week. He continues. to| bat with the same effec ure of within a his threatening | Chicago | Philac j bout. here jout after 1 of fighting. Billy Petrolle knocked out McCabe Milwaukee in the round their 10-round last night, minute and knocking him 40 seconds Jack of of bout. ~ BASEBAL' i Ame: Hae Association Ww. St, Paul Ini pubs 68 81 acts Coltumbu Minneapoli 400) 106 | | Pet. | | Detroit 556 Washington t 476 Chicago ase | Philadelphia 400 Cle : 5 24 ©1385 | ouis is no} National League 6 | 1! New York 7|the other t Boston St. Loui Iphia YY by g | the Nuc ¢ THE BISMARCK TRIBUNE | RULEIS GIVEN | IN INDUSTRIES! (Continueg from page 1) Junit thereof was placed in operation as an experiment in October, 1922, Anticipating that the necessities of the business required considerable | perating capital, the Legislature, fourth | | 1, |Mpon the recommendation of the Go rnor, passed the Milling Bond Ac means of which the Industrial {Commission is authorized to wo million dollars in State Bonds to provide operating capital for the | purchase of wheat for the mill, and under the terms of that law, the In- ‘dustrial Commission has issued and sold $1,000,000 of such op ing bonds, and by ,\eans of such capital, together with the advances made from time to time by the Bank of. North Dakota, the agement pf the Mill has been able to operate same continuously since it was opened, in the fall of 192%, to the present day, Since midsummer of | 1923, all three units v7 the Mill have | been in continuous of , and it} producing flow m . Since | utput of the | nds of} bout one-third of the Mill supplies the market d North Dakota, it is neces to sell | thirds in other States | nd foreign countries, and the Man-| agement is now selling flour in twen-} ty-two states of the Union, and | several foreign countries. ‘om the beginning, the Independents _ have | viewed the issue | a | tution, |thinking peopl tent and efficient campaign of collection and preservation of its ssets, it collected more than a mil- lion dollars of funds, which were loaned or re-deposited with the y: ious insolvent banks in the ate by the former management. With’ its funds so releaced, it resumed, the ment of checks and other remands upon the Bank in the.usual course of busin id in the spring of 1922, commenced, on a moderate ‘seale, to m loans to actual farmers ate of North Da- ss of the new man- R, Green, in of the bank and un- andling of the in these most der the most dif has been nothing less th: able. As a result of his © management, this which was in veritable state of insolvency, which was discredited home and abroad, with its funds! tered everywhere throughout the e in all forms of frozen and slow steadily and ssuccess- pilitated, and been put! in a position, not dnly where it can meet the demands of its depositors in the usual course of business, but carries on a 1 and continuous farm loan business, and makes ad- vances from time to time to various | state educational, penal and charit- able institutions, which ve been in need of neial nee. The record of the B s farm loan activities, has been exceedingly good, and should commend itself to all fair Whereas the form- er administration made farm loans assets, has fully reh | therewith; sequences resulting from the policy of the former administration, we find that the League Convention made the ving chuby to that the Bank of th Dakota be made to function as iginally tntended and we pledge ourselves to do this. “We condemn the attitude of the stos administration for opposing the principles upon which the Bank of North Dakota was founded in not lowing the Bank to function as originally intended, thereby adding to the causes that are responsible for the unbearable economic ‘conditions under which our state now suffers.” “We have no means of knowing t functions the Bank of North Dakota Were ‘originally intended’ to perform, except by the record of the performance of the former admin tration, who had complete and un- disturbed control thereof for two and one-half rs. We know how they made it ‘function;’ we know what the consequences were; we know that the consequences were not only evil but almost disastrous to the financial in- tegrity of the State. If our oppon- ents intend, if elected to political power in this State, to again manipu- Jute the funds as was done under the Cathro regime; if they again intend to take the funds of the Bank con- sis! of public moneys deposited therein by the State Treasurer and the various treasurers of the politi- ca Isubdivisions of the State, and to finance or insolvent banks if they intentl to distri- bute public funds here and there nad elsewhere, without regard to the pur- for which such funds SATURDAY, JUNE 7, 1924 successfully only+as a rural credit bank, and that as xo0on as practicable all of its activies, except making farm loans, should cease.” That dec- laration is in accordance with the view which the Independents have entertained with respect to the pipp-| er functions that the Bank’ of North} Dakota should perform since the re-} call election. Rural credit Joans| should be made exclusively from,| funds derived from the sale of rural credit bonds, and cannot, in the na- raised by taxation for governmental | purposes. In South Dakota where al State Rural Credit Department is in| operation, more “than thirty millions | of farm loans have been made by that department, by the sale of rural] it bonds, without the use of any | X money whatsoever, the uge of deposits, public or Bervetes The Federal*Land Bank, which is the | biggest and most successful farm loan | agency in the United States, makes | farm loans without the use of public| funds and without accepting depo of any kind, public or private. Bank of North Dakota has no funds available with which to finance either | banks or private business, Two mil- lion dollars, of its eapital was frozen | in insolvent banks and other insti-| tutions under the Cathro administr tion, and is not available for usi The public funds on deposit there- with placed therein by the S' Treasurer and the Treasurers of coun-| ties, school districts, etc., cannot, in| the nature of thags, be used for! commercial or ordinary banking pur-j poses, because the Bank must at all ture af things, be made from funds |. everything, Among the campment was the reelection ficers of the riach = ML which include: » Koff partment commande: lander, deeketary. and. AYP) gard, treasurer. Last Saturday night the Od luws here E decoration bekahs de ders for n chivalry, orated Mrs. THoma: ritorious work. TO SUPREME COURT Washington, June 7—A designed to carty to the court the issue raised in litigation of the senate D: | committee was adopted by the [Its easy to pay for a Chevrolet according to B. F. Flan- last acts of the en- of of- ilitant, ‘el, de- Keps- 1 Fel- pr the s San- resolution upreme the Ohio horty enate, ELEVATOR IS DESTROYED The Farmers ele’ burned down at 5 the total loss being about $12,000, according to information here. About 10,000 bushels of grain was destroyed. The fire started in the top of the elevatcr, from an un- known source, perhap: jontaneous, i ording to reports. 3 covered by insur- or at Ryder 5 last evening, ance. Mien’s poses public yere raised, without reference to the trust which is imposed upon such public funds by the law; if they Grand Forks Mill enter. prise as a business proposition, pur and simple, and not a political one. It has seemed to us that the times, hold such funds ready to pay| out on the order of the Treasurers of the bodies to whieh such funds be-| long. Therefore, it is clear, on the! out of the public deposits therein in ithe period of two and one-half years, in the amount of approximately two million, seven hundred thousand dol- | ing connected with two the last bringing his total up to; Th figures Results Yesterday National € include | games of Wednesday. | Heilmann is still the best among | the hitters, topping the list with} an average of 404, _ This however, | is a loss of 21 points from hi mark of the previous week. His | scori ‘orts were better than those of Joe Harris of Boston and a result he is leading the scores | cane BR Ike Boone, the former Association slugger, playin, arly for the Red Sox, conti hang on ow ut ann’s heel els with an] average of of the Red | Sox apne w BR} Eddie Collins of the Chicago White Sox, failed to add to his} base stealing record, but his nine, thefts is enough to keep him on th top of the heap. The hitting of Sam Rice of the Senators was one of the outstand- ing features. His clouting has! been a big factor in placing the ators at the head of the list in teagn batting with an average , with Clevelnd ne Lahr [BASEBALL GAME 6; Philadelphia 7. i 3; Boston 4, Others postpon rain, American League Chicago 3. Detroit 0. Cleveland 7, York 5 hington lelphia Boston 4; St. 11; American Association Paul City 0. Indianapolis 8; Columbus 5. Louisville 6; Toledo 7. Minneapolis Milwaukee 11, St an COMMERCIAL L Hardwares 1000 y 500 500 000 Bro. Ronen; Motor: IS CANCELLED The baseball game scheduled for ipolitics to be kicked ba | bitious people | desired this institution to be operat-| ed as a business institution, and t they did not wish it to be made, con- | tinually and forever, a football in ck and forth by the contending political forces, or | to be made the means by which am politicians may gain office.| Under the former law, the Mill was under the management of the Gover-| nor, Attorn neral and Commis- sioner of Agriculture and Labor, con- stituting the Industrial Commission. These three state officials are not| only the heads of large governmental | rtments, which engage all of e, but by the vi nature of their offices, they necessarily must be involved in political tontroversy. | Believing that the only way by which | the state could secure an efficient and | businesslike trial of that institution, | was to place the management thereof } in the hands of the Board of Direc-| tors consisting of persons who do not hold political office, and who are not engaged in political activities, lars} the new Management has in the me period of time, completed farm} ns exceeding twelve million dol- rs, or more than four times tis rvice rendered by the former man agement; and, whereas the former) anagement made all of its loans out of the public funds, the new n ment has made virtually a loans out of the funds secured from} the sale of rural credit bonds, and has sufficient bonds sold to eover all! advances made by the Bank for now in the progress of nesot It is interesting to note that dur ing the period from April Ist, 1922] ; to April 1st, 1924, the Bank of North ota has made farm loans in this ate, in the number of en hun-j dred and twelve more t the Fed- Land Bank has made in this State in the same length of time, and the Federal. Land Bank is recogn as thé greatest farm loan agency in the Northwest. Not only has the new] management exceeded the record o?| the former management in the tend to squander and dissipate the funds with the resultant great loss to the State, then we challenge their attitude and policy as being one ser- jously detrimental, highly dangerous !and destructive to the welfare of our state, and we urge the people to reject such insane policies and to de- feat its advocates at the polls. Experiences of Past “The Jamestown Convention, mind- ful of the experience of the past it respect to the management of the Bank of North Dakota under the former administration, and denounc- ing the policy that publie t placed on deposit by publi Ifor the use of such bodies, should be hgzarded in the business of ord- inary commercial banking, or made the means of speculative investment, have declared: “That time has demon- strated that this Bank ean function face of the proposition, that the only real and important service that this bodies Bank can perform for the people of ' the State of North Dakota, which’ private bunks cannot perform, is to function as a rural credit bank. Any other function sought to be perform- ed by using the public funds on de-| posit therein, by ours or any other management, cannot help but bring the Bank, and through the Bank, the | State, to financial grief, and result in| financial choas, and cause incaleul-| able damage.” | Odd Fellows Back, Satisfied Almost. 50 Odd Fellows and Re- | bekahs are home from the annual encampment at Fargo, satisfied with ‘a Suits All Wool Material Made by Expert Tailors Sold at Right the Legislature passed the present Board of Ma law, which pro- vides for d of Directors to amount of loans made by more than} four to one, but the character of its loans are uniformly better. It will and the Yankees thi Sunday here between the Jamestown | Rice we: ant from a md and Bismarck independent teams was ACTUAL PHOTOGRAPH OF NORTHERN PIKE wore Se Oo 1 279 up to Other le Nag aie batter h4; Cobb, St. Louis ) Detr roit, | 49 Mc - 1 an ¢ atcher | New York Giants, has final- rtak on Rogers Hornsby, star , for hitting hon- ors in the National League, Sn: in climbing to the leaders! i a game, re AOR, a ¢ points. Horns- y, who held the spotlight almost ason, suffered a 20 point drop trailing the New York slug- ger with 401, Zach Wheat of the Dodgers and George Kel York first baseman, are third place honors with Frank Frisch of the G tinues to lead in scoring, i Jacques Fourn' elouted out two and is showing the v eleven. The base stealers did not show much activnty, George Gran- tham of the Cubs, breaking past his rivals with ele vent Other leading bi eo eeinnatl 85 i 51; Fournier, Brooklyn ec New York Chicago .336 ; Hi Tierney, Boston . cago .330. Neun, the St. Paul first baseman, setting a dazzli fer the bat- ters of the American A ociation, boosted his average to .444 as a re- sult of slamming out sixteen hits in his last seven game He also is leading in scoring, having count- e¢ 49 times, and is tied with Chris- tenen, also of St. Paul, for honors in base stealing, with 49 each, Dressen, the St. Paul third b: man, climbed into third place with an average of .408, while Bunny Brief of Kansas ond with .418. er of Minnea- polis leads in home runs hitting with seven. Other Je: dianapolis ville .381; is total , of the home ding batters: Allen, In- 391; Shannon, Louis- Covington, Louisville, 371; Lamar, Toledo .358; Maguire, | Toledo Dixon, St. Paul .349; High, Fonlinnis 345; Grimes, Col- umbus faut HOMER WINS BALL GAME Hardwares Team Wins in City Baseball League A home run in the ninth inning with, three on base. This was the smashing finish of the Hardwares teem in the city commercial league baseball game last evening,-and it Iwo was’ the finish of the Alex sen and Brothers team, for the Hardwares won 9 to 6. Earl Nord- Iwhd, playing with the Hardwares, the homer. ; The Hardwares ad two big inn- ings, the first ia which they scored four runs, an2 the last. Generally it was a good game, well played. ith much snappy fielding. | Bert Thompson pitched for the Hard- res and Janda\and Fosteson hurl- “for the Alex Rosen and Brother pecker of Mankato, Minn. cancelled today by George Smith, manager of the local team, because of unfavorable weather reports. MANDAN NEWS GROUND BROKEN Ground was broken yesterday for the erection of thé pedestal on which will be placed the beautiful bronze equestrian statue of Theodore Roo- evelt, donated to the city of Man- dan by Dr. H. W. Coe, Portland, Ore., one time resident here. The statue has been J. H. Newton, president of the Man- an Commercial elub and is stored inst the time for mounting and the formal unveiling and presenta- tion to the ¢ which has been set for July 2, the last day of the Legion state convention and opening day of the dan roundup. The bronze statue representing of about $20,000, is an ex: replica of the original model made by A. Phimister Proctor who was commissioned by Dr. Coe to make the statue which he gave to the city of Portland and it is a duplicate of the bro! which has been placed in the Roosevelt Memorial building at New York City. The statue will be placed Northern Pacific park east of the N. P. station and at points about opposite the Busy Bee Cafe. a cost in the DDED HERE Jos. P, Brassuer of Dunseith, N. D., and Miss Amelia Boepple’ of Stanton were united in marriage in h offices by County Judge B. Brasseur had been working | at Stanton for a year or more while his bride has been attending school at Glen Ullin the last year JAMESTOWN TO BE AWARDED AUXILIARY CUP Mandan, N, D., June town unit of the Ameri Auxiliary, Department of kota, will be awarded the silver cup, eblematic of achieving the highest percentage of increased membership over 1923, Mrs. Bernard $. Nick- erson, department president has an- nounced. The cup will be given to the winning unit at the annual state conyention at Williston June 25th. A banner, offered to the district securing the largest increase in units over 1923 was won by the first dis- trict, which will also be awarded at the convention. In winning the Silver Cup, the Jamestown wnit had a 136.26 percent inerease over 1923 or 124 new mem- bers added to its 1923 role of 91. Mrs. Edgar H. Loyhead of Fari- bauit, Minn., national vice ptesident of the American Legion Auxiliary, will be the third national ‘officer of the organization ‘to address the an- nual state convention of the North Dakota department at Williston ‘ac- cording to Mrs, Bernard Nickerson. Other national officers who ~will speak are Mrs, Lee Bishop, national president and Dr. Helen Hughes WwW aw —James- More snails and frogs are @aten in Paris than in any other city in the world. Too Late. To Classify Out Opponent Fargo, June 7.—Russie LeRoy, fargo lightweight, beat Billy, Me- Guire of Milwaukee in the first) \ pub ney CAN YOU EMBROIDER?—Women wanted to embroider towels at |secure an efficient and busines | constituting j.|from such a distance, and the f direct and se the operation of that business. This Board of Man- agers consisting of honest, upright and experienced business men, a majority of whom live in Grand | Forks, where the mill is located, [been making most earnest efforts to like management of this industry, If it sible to make this enterprise function successfully from any angle, it is far more certain that it will succeed under the management of a board of business men, who are in- terested in its success, than it would be if it were placed’ back in the hands of the Indystrial Commission, consisting of st&# officials residing at the State Capitol. Board of Managers “The League Coavention, which nominated the candidates who arcs now opposing us, went on record, not only as condemning our attitude as being unfavorable to the success of the mill but recommended the repeal of the Board of Manugers law. It seems to us utter] folly for the State wo go back to the of operating industrial enter- at Grand Forks) through governmental officers at Bis- Even if the state officials| the Industrial Comm on, had the time, which they do not ve, and were qualified to direc d_ manage such a highly spe: ed industry as the milling business, (and they are not, regardless of whether they are Independents or Nonpartisans), it is a physical impos- nility for such Board or Commis- on to intelligently and wisely di rect such a huge industrial enterpr act | that our opponents are urging that policy, indie: clearly an entire and complete lack of intelligent un- derstanding of the nature of the! problem, of the character of the business, and the obstacles in the way of operating the same, and further jindicates that they are only inter- ested in playing political football with this great institution, which in- volves an investment of four and half million dollars of the 3 money, in order to secure political preferment, Bank of North Dakota “We come now to a consideration of the Bank of North Dakota. As be- fore stated, at the time of the Nes tos administration came into office, this Bank was in a state of almost | helpless paralysis, if not insolvency, | and it ceased to perform many of its most important functions. Its funds were frozen in banks over the State to the extent of millions of dollars, and it was unable to meet its obli- gations in the usual course of busi ness, The Indépendents, ‘in the re call campaign, had pledged themselv- es to an altogether different policy in the management of the Bank of North Dakota, and had declared em- phatically against the League policy of manipulating the public funds, for the benefit of favored or weak banks, had declared against the freezing of public moneys on deposit therewith in any sort of permanent investment, and had urged that the most import- ant function which the Bank could and should perform, and which would be of some real value to the people ‘Of our State, was to operate it large- ly as a farm loan institution. Con- sistent with the pledges in that re- gard, the new Managemént began to thaw. out some of the funds which had been frozen by the former Mane agement. Through the sale of Mill And Elevator constructién bonds, its funds tied up in the North Dakota be recalled that during the former administration, such excessive loans | as the McMahon loan for twenty-five thousand dollars in Golden Valley County, the Ray Me ig loan in Mor- jton Coupty, and other large specula- tive loan§ were made to persons who were not only not farmers, but many of whom were not residents of the State, and bad for the . These loans, «an many others like them were in suel excessive amounts that the ‘security was not enough to cover the amount of the loans, and it has been n sary to close them, id take over the lands. Of the two million, seven hundred thousand dollars of loans made by the rormer admin} tration, it has been nei ; foreclose on mortgages in default amounting to Seven hundred and twenty-five thousand dollars ($726,- | 000.00), which“loans were of poor character and in such exe amounts that the debtors have fail- ed to make a sina.e payment in the four years since they were negotiat- | ed, Contrast that record to the char- cter and quality of the loans mad by the new management, whe: it appears that out of the.Twelve Mil- lion Dollars of loans made, , only about One Hundred and Twenty Thousand ($120,000.00) is past due on the interest and principal install- ments, Successful Operation In face of this record of sucdess- ful operation in the farm loan de- partment of the bank, under the management of the Independents, and the bank, under the management of the Independents, and in spite of the deplorable failures and awful con-| DR. R. S. ENGE Chiropractor Consultation Free Lucas Blk. Bismarck, N. G. L. SPEAR | Candidate for Burleigh County Treasurer .: G. L, SPEAR Former employee in the office Economy, Service and Cour- tesy to the taxpayers of eH) Mill and Elevator Association, were, home in spare time. Two cent stamp brings particulars, Bel- (i °Co., Dept. 540, Huntington, Ind, to a large extent, released; through the sale of rural~eredit bonds, its tinds which were tied’ up in farm loans were released to it; and by ‘ county.” YOUR SUPPORT APPRECIATED. Pol. Ady Weight 35% pounds, Length 46 inches. Caught in Pine Lake, Perham, Minnesota. “PIKE AND BASS FISHING, BOATING, SWIMMING, GOLFING, TENNIS, TRAP SHOOTING, DANCING All these Perham offers you. You can indulge in your favorite summer sport to your heart’s content in the midst of most beau- tirul scenery. Many Summer Hotels offer you the best in accommodation; or * you can rent a cottage and enjoy home comforts with your family. There are also several good camp sites for those who like to rough it. For further information address F. J. SCHOENBERGER, Secretary PERHAM CHAMBER OF COMMERCE Perham, Minnesota The Land o’ Lakes Me OW excursion fares to cities ‘and ‘tourist ‘objec- tives of the Far West are offered to you by ‘the Northern Pacific between May 15th and Sept. 30th. Return limit Oct. 31st. Round, Trip Fares From Bismarck To Yellowstone Park ..... ee Rainiet Pasi (Ashford) . kane Coeur d’Alene California (one way via north We will gladly ty ie 70 you “(eer to. other Use “The North Const. Lirntted”® One of Fin Trains Norther Pacifi 2 Ry, Biemarek, ‘M.D. Prices SHIRTS UNDERWEAR SHOES that will fit and wear well. fae “ARMY TENTS AND | SUPPLIES. Khaki Pants and Shirts. All wool O. D. Shirts. Capital Army and Navy Store G, P. Hotel Block. % Sivesaii and you'sz Capital’ re . Incorporated 1891, See! picture’on Bank Building,