The Bismarck Tribune Newspaper, October 11, 1924, Page 1

vo ~~ ». WEATHER FORECASTS Unsettled tonight and Sunday, probably rain; colder tonight. ESTABLISHED 1873 BISMARCK, NORTH DAKOTA, SATURD. THE BISMARCK TRIBUNE [amr AY, OCTOBER 11, 1924 PRICE FIVE CENTS CLOSED BANKS GAIN IN NEW COMPACT ACTIVE FIGHT ON BOLSHEVISM I$ URGED HERE Mrs. Anthony Wayne Cook, President - General of D. + A. R., in Bismarck CALLS FOR LOYALTY Warns Against Hysterical Outbursts of Pacifist So- cieties in U. S. The upholding of the ideals of American institutions and American citizenship is the essential respon- sibility which must be met squarely, promptly and efficiently by Ameri- can women if their trust in full par- ticipation in suffrage is to be kept inviolable, Mrs. Anthony Wayne Cook, of Washington, national presi- dent of the Daughters of the Ameri- can Revolution declared in an ad- dress before the state society con- vention here today. “As citizens of today, with cumu- lative power that comes from right- eous enthusiasm in a compelling cause”, urged Mrs. Cook, “let there be infused into the heart of each one of us the belief in the greater des- tiny of the greater America, so that each Daughter, of the American Re- volution shall constitute herself a potent force in the service of God, country and the well-being of her fellow citizens.” “This service cannot be lip ser- vice alone. You cannot legislate or preach people into morality. Neith- er will eloquent phraseology and many resolutions bring about devot- ed citizenship in terms of communi- ty service. “Efficient service in any direction, must result not only from a desire to do, but from the innermost con- viction of one’s soul, that it is his responsibility to see that the task is done. Such a responsibility has every Daughter of the American Rev- olution with regard to observing the law of the ):.nd and upholding the ideals of American institutions and American citizenship. Then, may it be trully said of us.” ny Returning From West Mrs. Cook, who came to Bismarck on the return of her western trip, gave ‘the North Dakota society an ex- tensive presentation of the aim and scope of the national organization. Organized 34 years ago this Octo- ber, she said, the national society has grown from a mere handful to an active membership of 145,000 with a chapter membership of 2,012, and with many, more in process of organ- ization. Mrs, Cook, however, declar- ed that approximately 2,000,000 wo- men are eligible for membership and urged a more intensive campaign for members in North Dakota. From the standpoint of organization the national president praised the finan- cial status of the national society, outlined the constructive advances made in the study of American his- tory and the marking of historically famous American sites, in commem- oration of American heroes. However, Mrs. Cook said, the socie- ty does not live entirely for the past. Citing services to show this asser- tion, Mrs. Cook enumerated the ser- vices of the Society in the World War, in teaching good citizenship to aliens entertaining America, in the establishment and isting of schools in the foreign settlements in the larger cities, to foster the teach- ing of English and the federal con- stitution. In every manner and in every place, she said, the society is teaching and preaching Americanism. Against Bolshevism “On every hand we are constituting ourselves self-appointed apostles to counteract the dangerous Bolshevist Propaganda in our midst which would substitute for our time-tried and honored institutions of the gov- ernment, the half-baked isms and theories of those who are unscrup- ulously confusing liberty with li- cense,” she said. “We want no red flag raised or carried here. “We are stressing the suitable ob- servance of those great days that commemorate the significant events in our national history, since we must needs be reminded that our progress as a nation has largely been made possible by those who have given themselves with unselfish de- votion and without reserve to the ideals of loyalty and patriotism. “Earnestly believing in peace and feeling as does the recently met Bat Association, ‘that unified codes of international law qvill undoubtedly tend\to clarify the rights of nations,’ we have nevertheless turned a deaf ear to the hysterical preachings of certain so-called peace societies. Keeping to the even tenor of our way, we are and ever shall whole- heartedly support the policies of our United States Government in its be- lief that our country must needs maintain an adequate army and navy for the defense of our national hon- or. It would be a sorry pass indeed, were we to ter this established principle for the insufficiency of elo- quent peace literature and a series of engrossed peace resolutions.” ELEVATOR MAN HAS FACE LACERATED BY HOOK Glenfield, N. D.,. Oct, 11.~David Engstrom met with a painful acci- dent at the Glenfield Grain Co’s. ele- yator when a hook caught in his up- per lip and tore through it and down through the lower lip. Sena eaten Above—View of ZR-3, Zeppelin built in Germany for United States. DAWES AGAIN ATTACKS BOB Time to Stop Prairie Fire Is’ At Start, He Says Omaha, Neb., Oct. 11, (By the; A. P.)—Declaring that “the time to stop a prairie fire is when it starts,” Charles G. Dawes, Repub- lican candidate for Vice-President, invaded Kansas today to continue his assault on the LaFollette inde- pendent movement. Mr. Dawes referred to the La- Follette candidacy as “a prairie fire” in an address last night. Leaving here early today, Mr. Dawes faced one of the most stren- uous days of his present tour. His itinerary calls for a rear platform address at Atchison, a speech at a noon meeting in Topeka, a rear platform talk at Emporia, and a night address at Wichita. He will then turn eastward to spend Sun- day en route to St. Louis and then to Louisville, Ky., to speak Monday SAYS GROWERS BODY SOLVENT Public Accountant Declares Assets Ample Minot, N. D., Oct. 11.—That the North Dakota Wheat Growers as sociation is in a pérfectly solvent condition, having a $1.05 of current or liquid assets for every 31 worth of current liabilities was the declar- ation made here today by F. E. Luehe, certified public accountant, of Minot, who, with F. F. Buchard of Grand Forks, another accountant, has just completed an audit of :he concern’s record. This statement by Mr. Luehe is considered by the wheat growers as cf particular significance due to the fact. that an action has been insti- tuted in Burleigh county district court by Peter Weisenberger of Tuttle vicinity, alleging that the or- ganization is insolvent. “Our audit discloses that the wheat growers organization has been ably and sanely managed, the offi- cers always having in mind the ul- timate desire of the organization to better the condition of selling and marketing the farmers products,” declared Mr. Luche. “It is only nat- ural to infer that the final success of such an organization ct only be accomplished. by and through . the full cooperation of the members.” | Football Scores First Period Chicago 0; Brown 0. Ohio State 0; Iowa 0. Yale 0; Georgia 6. Second Period Wisconsin 0; Coe 77 Harvard 7; Middlebury 0. Third Period Navy 0; Marquette 0. Eckener, commander of ship. aE: ea aie Columbus Day | & Columbus Day, October 12, falling on Sunday, it will be observed on Monday this, year. | Banks in~-Bismarck, state, and other public offices will, be closed. | ATTITUDE ON KLAN TS SAME C. Bascom Slemp Says He’s Not in Sympathy With Aims of Organization i —* Washington, Oct. 11.—President Coolidge’s attitude toward the Ku Klux Kian “has long been known to those who are in touch with him,” C. Bascom Slemp, secretary to the President, wrote in a recent letter to James E. Deery of India- napolis, Mr. Deery had inquired of Mr. Slemp concerning his re- cent statement that “the Presi- dent had repeatedly stated that he is not a member of the orger and is not in sympathy with the aims and purposes.” “Would you be so kind,” Mr. Deery wrote, “as to advise me of the time and place and the words used by the President when he stated he was not in sympathy with the aims and purposes of the Ku Klux Klan?” Mr. Slemp’s reply follows: “Replying to your inquiry, I am not able, for reasons that I am sure you will ‘understand, to refer to you to the occasion when the President has discussed this mat- ter. His attitude regarding it has long been known to those who are in. touch with him, and it was to this general understanding that reference was made in my letter.” o—. ee { Weather Report | +—___---_ For 24 hours ending at noon Temperature at 7 a. m. . 53 Highest yesterday . 2 Lowest yesterday » 39 Lowest last night BL Precipitation »Highest wind velocity WEATHER FORECASTS For Bismarck and Vicinity: Unsettled tonight and Sunday, pro- bably rain; colder tonight. For North Dakota: Unsettled to- night and Sunday, - probably rain; colder tonight in, southwest portion and sou®east Sunday. GENERAL WEATHER CONDITIONS Somewhat unsettled weather condi- tions prevail over the eastern Rocky Mountain slope, and upper Missouri Valley. Light precipitation occurred over Montana, the Dakotas and Minn- esota, Clearing weather prevails in the extreme northwest, ORRIS W. ROBERTS, - Meteorologist. 24 ZEPPELIN STARTS ACROSS OCEAN SUNDAY Right—Interior view; left Dr. Hugh T0 CONSIDER JUNIOR HIGH Schcol Board to Meet Tues- day Night on Richholt Petitions The city school board will hold a meeting Tuesday night at the high school at which time the board will consider petitions filed by pa trons of the Richholt school, ask- ing for a change in the junior high school arrangement. After the board was petitioned to es- tablish Seventh and Eighth grades in the Roosevelt school on the west side, tu serve a large territory, the board rejected this proposal and ordered concentration of the jun- ior high in the’ Will school. Richholt school patrons, follow- ing the action of others, began get- ting up petitions asking that seventh and eighth grades be re- tained there, declaring that it is a hardship on school pupils to have to walk so far to the junior high. They also urge establishment of seventh and eighth grades at the Roosevelt. Some of the largest taxpayers of the city have joined in this request. Hundreds have signed the petitions. Patrons of the schools are urged to attend the meeting. LAFOLLETTE IX MIDDLE WEST Exact Itinerary of Senator, However, Is Undecided Chicago, Oct. 11, (By the A. P.) —Facing the necessity of making a quick decision as to_ itinerary, Senator Robert M. LaFollette, in- dependent presidential candidate, arrived in Chicago today for con- ferences with his campaign man- ager, and to deliver an address tonight in the 35th street armory. The Wisconsin Senator will re- main here until tomorrow night, leaving shortly before midnight for Kansas City where he is scheduled to speak Monday night. Contin- uing on a stumping tour, he will visit St. Louis but beyond that point his itinerary is still unset- tled. Tentative plans call for Senator LaFollette to make night speeches in Des Moines, in, either St. Paul or Minneapolis, and in Sioux Falls, S. D., after a St. Louis engage- ment. A definite decision as to whether the cities should be visited next week or later was to be made in a conference here, WHEN TO RETIRE? London, Oct. 11.—“A man should not retire until he is more than 100 or is incapable mentally or physically of doing his job,” says Dr. E. J. Swade-King, almost 100, who has refused to resign as medi- cal officer of health of Ilfracom, Devon. “I am hale ‘and hearty and do my work every day,” he told civic authorities. “Age is largely a mental state, and my mental state is fine.” ;| tomorrow morning. STARTS FOR U.S. INTAKESUBJECT EARLY SUNDAY OF DIFFERENCES Flight Scheduled For This’ Difficulties Arising Over Con- Morning Is Postponed For One Day SHENA AH ON COAST Reaches San Diego on Non- Stop Flight From Dallas, Texas Friederichshafen, Germany, Oct. 11.—(By the A, P.)—The flight of the Zeppelin ZR-3 from Friederichs- hafen, to Lakehurst, N. J., the start of which had been announced for this morning, was suddenly postpon- ed at the last minute until 6 o'clock While no for- mal statement was forthcoming from the management of the Zeppelin works where the great dirigible was built for the United States Navy, it was apparent that Dr. Hugo Ecke- ner of the works and commander of the ship, had discovered that the ZR-3 was loaded with more weight than it would comfortably carry. Dr. Eckener explained that the rising temperature was hindering the dirigible’s lifting power. STRAINS GIRDERS San Diego, Calif. Oct. 11—(By the A. P.)—Due to the straining of two girders in the aft part of the Shenandoah when the big dirigible landed at the North Island navai air station last night, departure of the airship for the flight to Camp Lewis Washington, has been delayed until tomorrow or monday morning, ac- cording to an official stutemenc this morning. ¢ big ship arrived here from Dallas, Texas, making a non-stop flight. STEAL $30,000 Ebensburg, Pa, Oct. 11.—Armed bandits shot and killed James Gor- man, an American Railway Express messenger, seriously wounded Joseph davis, a | messenger, and escaped with a $30,000 pay-roll at a remote stop on the Cambria and Indian Railway. Sheriff Keller of Cambria county organized a posse here and went in- to pursuit. CITY BAND IN CONCERT Members of the Bismarck Juvenile Band are working strenuously on the program for the annual fall con- cert to be given Thursday evening, October 16 at the Auditorium. The band is now composed of forty pieces and from all reports the members have improved greatly since their last public appearance. It is just now a little more than a year old and is under the direction of L. C. Sorlien. This concert is being given under the joint auspices of the Associa- tion of Commerce and the Board of Education. Heads of the Associ: tion of Commerce and school author- ities urge the public to support this effort. Tickets will be fifty cents and members of the band will con- duct a drive through the city in hopes of disposing of at least 1,000 of them. The program for next Thursday evening will consist of several band numbers, vocal solos with band ac- companiments. There will also be a cornet duet. Members of the band are practic- ing every day except Sunday and will continue to do so until the con- cert. Parents are urged to cooper- ate with members of the band and its director in seeing that each mem- be attends regularly and also prac- tices at home each day so that the quality of music played will im- prove daily. “NAVY DAY” Be Special Programs To * Observed Oct. 27 Washington, Oct. 11.—Plans for observance of October 27 as Navy Day with a program of ceremonies in various cities at the tombs and monuments of the nation’s heroes, radio addresses and other features to emphasize the significance cf the day were announced today by the Navy League. Naval vessels in port will hold “open house” for all who want to come aboard for visits of inspection. ‘The gloss used on chinaware is be- ing used for the coating of ert paper. o OCTOBER 16 struction Are Aired at Special Meeting CLAIM PLANS WRONG Question of Whether or Not Intake Will Work When Put In Is Raised Difficulties arising over the cot struetion of an intake to the new Bis- marck water works plant were con- sidered last evening at a special meeting of the City Commission. The meeting was called at the suggestion of Harry Thompson, gommissioner in charge of the water works depart- ment. It, is claimed by one side to the controversy that the blue prints pre- pared by T. R. Atkinson do not ac- curately set forth the bed of the river and if the work is completed as per his instructions that the in- take pipe will be six feet below the river bed and that it slants the wrong way to properly feed water into the well by gravity. City engineers have ordered the Woodrich Construction company to continue as per the Atkinson plans. Mr. Thompson to avoid any possible future difficulties in making the in- take work introduced a_ resolution last evening to have a disinterested engineer check up the contentions of all parties and find if the facts were as contended, This resolution was not supported and the work will pro- ceed as outlined. Contend Will Cave In It is contended by competent au- thorities that when the cofferdam or lining about the intake is removed that all sides will cave in and cover the intake with silt or quick sand. It is also contended that the intake pipe has sunk some three inches al- ready. City engineers claim that the work of the construction company has changed the general bed of the riv- er in this section and when sheeting is removed that the intake will work, At present the perfectly godd in- take of the old water plant and the well in connection thereto are being used. The water is pumped twice, from the river into the old well by electricity. When it reaches the new plant it is lifted by the Diesel en- gine. This calls for an extra pump- ing charges a burden on the tax Payers. It is contended that the old well and intake could have been used at a saving of betweb:n $15,000 to $20,- 000 to the taxpayers of Bismarck. Mr. Atkinson, however, would not have received 5 percent commission as he does upon the present contract work on the new intake. Cost of the new intake has not been figured as con- siderable of the work is being done upon a cost plus basis due to alter- ations in levels by the city engineer. Alleged Defects .. One of the defects in the present intake plans, it is urged, is due to the fact that the intake pipe instead of sloping down from the river to the new well, rises upward from the river to the well, a reverse of what is usually the case in work of this kind, engineering experts contend. City engineers claim the level for pipe as provided in their plans will work and not clog up with silt us experts opposing this plan contend. Soundings made privately by ex- perts fail to coincide as to the bed of the Missouri and raised the seri- ous issue as to the feasibility of the Atkinson plans as regards the intake. The City Commission decided, how- ever, to await actual testing out of the intake before employing addition- al engineering advice. Considerable interest attaches to the two views, but it is urged that most of the work done to date will be worthless if the contention of ex- perts for the construction company as regards the intake are true. Commissioner Thampson urged that before the cofferdam is remov- ed and the work imperiled that the City Engineer te checked up as a matter of precaution as already thousands of déilars of the taxpayers money had been spent upon the in- take, He said it was merely a pre- cautionary measure and in no way a reflection on anyone. Assistant Engineer Dickinson in Mr. Atkinson’s absénce contended that the work as outlined by the blue prints and soundings furnished by would give the city an adequate intake to the new plant. PRISONER WHO FLED, RETAKEN Carrington, Oct. 11—Surrendering at the point of a shot gun for the second time James Dempsey, youth- ful gunman and forger was taken by Deputy Sheriff O'Donnell just 24 hours after he escaped from the Fos- ter county jail. While the officers were scouring the country for him he was hauling grain to town from the Van de Soven farm just northwest of here. Dempsey was taken to the state peniteatiary by a transporta- tion officer to serve out a sentence of one year imposed by Judge Coffey for carrying a gun which he pulled before being covered by shotguns at Bordulac. .{OREAT AIRSHIP CITY'S WATER)! 428,282, TO BE SOUGHT Enrollment of 100 percent business houses and 100 per cent families in the coming Red Cross drive is one of the aims of R. A. Tracy, city chair- man, The local drive is on October 16. On that day a city-wide drive to enrcll Red Cross mem- bers will be made. Mr. Tracy is especially anxious to see business listed 100 percent— every employ a member. He also is very anxious to see that heads of families and all chil- dren are enrolled. PLANS DRAWN FOR FLOATING GERMAN LOAN Negotiations For Loan of Eight Hundred Million Gold Marks Completed London, Oct. 11.—The negotia- tions for a loan of 80,000,000 gold marks to the German government provided for by the Dawes repara tions plan, were successfully con cluded this afternoon id the loan will be put on the financial markets of nine countries, including Ger- many, within a few days. More than half of the entire loan—$110,- 000,000—is to be raised in the United States. The bonds will be dated October 15. mature in 26 years and bear seven per cent interest. They will be offered investors a thus % percent The terms of issue in are virtually yielding approximately 7 to maturity. the various markets identical, Germans Sign Up Signatures to the agreement to loan money to the German govern- ment were fixed this afternoon in the old Bank of England building. Dr. Jalmar Schacht, president of the reichbank, and Dr. Hans Luther, the German finance minister, signed for Germany; J. P. Morgan signed for the American banking syndicate headed by his own company; Mon- tague Norman for the Bank of Eng- land; Jean V. Parmentier for France, and the other financiers for their respective financial fields on the continent. Morgan Announces Outcome After several hours consideration the Bank of England decided _to- night not to let the British public in on any of the details of the agreement just yet, but Mr. Morgan subsequently issued a statement for the American press explaining the | outcome of the negotiations which | had been carried on here between | the Germans and the bankers of the | world. Thomas W. Lamont of the Morgan ! firm, who took a prominent part in the loan negotiations, will leave for New York tomorrow on the steamer Mauretania. Mr. Morgan will res main here for his annual vacation. COOLIDGE HAS GREAT LEAD President Continues To Pile Up Big Total A larger vote for President Coolidge than for all other can- didates combined, and a larger vote for LaFollette than for Davis, are the two outstanding features of the fourth week’s tabulation of the gigantic straw poll of The Liter- ary Digest which is out to-day. Of the nearly million and a half votes recorded, Coolidge has 808,- 340, La Follette, 351,178, and Davis 275,674. Returns have now been received from forty-two States but the Digest calls attention to the |fact that the Southern States have been tardy in returning their ballots. Their returns will swell the Davis vote to a higher figure. Davis is now leading in nine States and La Follette is still carrying Wisconsin against both his opponents. The Progressive candidate is running second in twenty-one States and Davis is trailing the leader in twelve. All previous records for the fourth week cf a national poll are broken by the present tabulation of 1,451,591 votes, The Digest states, passing the previous high mark for this stage of any poll by more than 200,000. National Bank Call. Is Issued Washington, Oct. 11.—The comp- troller of the currency today issued a call for the condition of all na- tional banks at close of business Friday October 10. SUNFLOWER 12 FEET TALL North Dakota bids fair to take away Kansas’ monicker of the sun- flower state. Rev. I. G. Monson has brought to The Tribune a sun- flower that is 12 feet tall. During 1928 more than 40,000 miles of hard surface road were built in the United States, MILLIONS OF COLLATERAL 10 BE RETURNED State Banking Department Announces Conservation Agreement Which Is Reached WITH OUT-OF-STATE Leading Twin Cities Banks Head the List of Bills Payable Holders in Agreement An agreement has been reached with three of the largest Twin Cities banks and several other financial in- stitutions which will result in con- serving assets amounting to millions of dollars for the benefit of deposi- tors of closed North Dakota banks, it was announced today by the state banking department. Under the agreement these institutions will re- turn to closed banks proceeds of col- lateral foreclosed in default of loans, which is in excess of the loans, The agreement was announced with enthusiasm by the state banking de- partment officials and is declared by them to be the greatest accomplish- ment in the conservation of assets of closed banks for depositors since the bank failures first started in North Dakota in 1920. The pact, State Examiner Gilbert Semingson asserted, is the banking department's answer to charges which have been made that it was permitting closed banks of the state to be looted with- out raising a hand to stop the loot- ing. Negotiations resulting in the plan have been in progress for ten months. As far back as December, 1923, banking department officals felt assured of the ultimate agreement, but could make no definite announce- ment until it finally was reduced to writing. Attorney-General George Shafer and: state banking officials, it was learned, were ready to attempt to enforce the contentions embodied in the agreement by law suits, if ne- gotiations failed. The pact covers seven-eighths of the collateral paper held by banks outside the state, amounting to many millions of dollars, it was estimated by Mr. Semingson. The Situation The situation and agreement, in brief, follows: Out-of-state banks, chiefly Twin Cities banks, had loaned to North Dakota banks, taking notes of the North Dakota banks given to them by customers for loans, as security. Many of these North Dakota banks closed. The receivers did not find sufficient cash in the assets to enable them to repay the loans to the out- of-state banks. The out-of-state banks, in the ordinary course of business could, and did, foreclose on their loans to the closed North Da- kota banks. The collateral assets put up with Twin Cities banks, on a basis of two or three to one, would be sold under foreclosure proceed- ings. The Twin Cities banks would bid in the collateral, probably ata low figure, there being few general bidders for this kind of papet, with the state in a financial depression. The out-of-state banks thus could collect on the collateral notes from the original makers, in most cases North Dakota farmers. They also could demand of the receiver the difference between the amount of the loan and the amount the collater- al security brought on sale. With good crops in North Dakota this fall, perhaps the bulk of the collateral notes held by Twin Cities banks will be paid and many closed banks will realize a considerable amount of money in cash. The Twin Cities banks had the opportunity of making perhaps millions of dollars, which opportunity they are giving up, according to the state banking offi- cials. sone How It Might Happen A hypothetical example w: by banking department officials: Suppose the Scandinavian-Ameri- can Bank of Fargo borrowed $20,000 from 8 Twin City bank. It gave as security notes received from farmers to whom it had loaned money, total- ing $50,000, or a basis of two and a half to one. The Fargo bank closed. The receiver was unable to pay the $20,000 loan. The Twin City bank foreclosed, and the collateral was put up for sale. The Twin City bank bought the $50,000 of notes of the North Dakota bank for $3,000, be- cause there was no other bidder at public sdle. Times changed, with good crops, and the Twin City bank collected all of the $50,000 due on the notes. It would then have $50,- 000 in return for a’ $20,000 loan. Since the collateral sold for only $3, it could claim the difference between the amount of the sale and the loan, or $17,000, from the receiver of the closed bank, If he had money he would pay it. Therefore, ie aye City bank could receive $67,000: for its $20,000 loan. bf What the Twin City banks agreeing to do is to give up rf possible opfortunity. If they wodl collect the entire $50,000 on notes mentioned in this example, they would turn back to the Scandin- avian-American Bank received $50- (Continued om page 3). © f cited