The Bismarck Tribune Newspaper, February 9, 1925, Page 8

PAGE EIGHT , THE BISMARCK TRIBUNE . NEW BANKING | MEASURE GOES INTO HOPPER Compremis Placed Before Senate for Proposal Is ONE BILL UP Senate on M Providing for Security TODAY: to Vote ure A compromise measure for the re-| gulation of the borrowing power of banks, drawn up with the assistance Hangs, attorney of before th nate ed hy Senators and In ks i , being intredu Independent Nonpartisan The bill will take the place of S.| 1, introduced by Senator Inger | weeks ago which threw) ¢ restrictions around the bor- rowing powgr of banks, The bill in troduced Saturday afternoon while| making ample provisions for the! safety of depositors and the public| interest is much less drastic than | its predecessor and is expected to be} ed. i} nder the terms of the joint bill) unk may not borrow a sum equal) more, than 20 per cent of its de posits without special authorization from the state examiner, An addi-| tional liability on rediscounts up to| 10 per cent of the deposits is how- ever permitted f ay not be put up in exe of collateral for each $1 of lo: cept on emergency louns author! by the state examiner. Every a bank most be spe- authorized by its directors. Would Repeal Guaranty Fund Prevention of a repetition of the! nituation in which the state finds its} If at the present time is sought in a bill introduced by Senator Walte Bond of Minot, which declares thi from and ‘¢fter Dec. 1, 1925, no de- posits in banks shall be guaranteed under the terms of the depositors guaranty fund law, K. The law would remain in force and | effect so fur as deposits in banks now closed is concerned, and the as- sessments against solvent banks would continue in force until the de- positors in the closed banks had been . paid off under the terms of Mr. Rond’s bill. No action was taken today on eith- er of the bank regulatory bills sche- duled to come up before the senate for final passage. Several senators were absent Bills Up Today ) Two bills to come up in the Sen- ate today are B. 73) which — re- quires bank stock holders to deposit cash or securities equal to their holdings with the state, and S. B.! 91 which would make officers or di- rectors who borrow money from! their own banks guilty of larceny. Many Bills Passed ‘The senate engaged in a bill pass-| ing spasm Saturday afternoon, 15 measures being thus disposed of. Nine of the bills passed carried minor amendmey ts to the Workmen's compensation law. A tenth bill amending this law was on the calendar, but when it came up for discussion a number of the senators went on the war path against the extension of the activi- ties of the compensation bureau} which it called for, and the bill was indefinitely postponed. | The bill in question would have required the insurance of all er ployees on commercial threshing out- fits. Dell Patterson, Renvflle coun-| ty, was the first to take the floor on “As I understand it this bill would insure all workers on threshing! crews” begun the senator from Ren-| ville, “Sure, even the cook” called out Senator Jerry Stevens of Ransom. “Well I want to say right now that 1 don’t see why we should have to insure a lot of floating , labore: who are likely to get hurt while they are ginned up on moonshine hooch” shouted Mr, Patterson; “and I want to know too how far this Workmens’ Compensation Bureau is going to go. We've sut here for the last two| hours voting on their bills, where! are they going to stop anyway?” Up To Farmers “It’s the farmers who will have to| pay the cost of this insurance” said Senator Eastgate of Grand Forks. We all know that this bill was draft- ed by the Compensation Bureau of- ficials. I think it’s about time we began to really look after the farm- ers’ interests. I don’t believe the farmer has really benefitted by any . law passed in the last 10 years. Take that you birds” he added grinning at the Nonpartisans, Senator Ingerson tried to defend the measure but the tide was set against it, and it was indefinitely postponed. Senator Rusch’s bill revising the delinquent tax and tax sale laws went through without opposition. Bills along the same line have already been passed by the house, and the “differences between the bill will pro- bably have to be ironed out in con- “ference. A bill put in by Senator Kaldor to clarify the present law mn the assessment of personal pro- loan | * | a constitutional ; senate Hative pov | percent increase in 1 perty for taxation purposes was also pataed. ees Badget Bill In university budget bill, ing appropriation of $1,254,- “was reported in for passage e unchanged by the commit- priations and the report ted without debi The ¢ up for final passage to- ‘e ‘Bill. Martin of Morton inty epme through with a scheme: ¢ kis own for the re-appointment of entation tleroug! nen hunting thro partment Duilding in che he: tuking eight lives at four brick structure were WHERE EIGHT MET DEATH p ruins of the fir which destroyed wrt of Chicago's university distr pousekeeping suites in the four-: » reduced to ashes, amendment on the subject. His plan is simply to eliminate thet ntirely and have the legis of the state vested in a resentatives in which shall have one member. je members of this body would be terms of four years and} ies ure set at $1,000 per ve would convene on the first Tuesday in January of | each year and remain in session ex- pt when @ecessed fer the entire year, he resolution was referred to the! WP.SETTLES house of each county NP. ENGINEERS’ PAY DISPUTE i | | Agreement Is Signed Adding}; $225,000 to Company's | pils assembled for study in the new building for the first time. The con- tract for the building was let early last spring and in spite of the storm last sumnier that held up the work id blew in purt of a side wall it has been completed and turned over to the parish close to the completion date called for. The ne school is an structure 67 feet wide, 111 feet long and 48 feet hig! It was designed by Joseph E, Rossiti, Fargo and was built under his personal supervision. orge Aberle rep- resented the parisi in the work and had charge of deta the construction tracts, The build- is strictly fireproof and equipped with the most modern heating and ventilat: stems and the latest plumbing fixture: It is one of the st constructed school buildings in the state and costing approximately $80,000 it is e of the finest build- in the ¢ Road Contract : Is Awarded imposing Napoleon, N, D., Feb. 9.—Ose and Payroll Railway Minneapolis, ern Pacific ed a settlement with it granting a five percent which will na §. dition to the « payroll 750 in back North- roune The today | | hetween the en-| railroads dates} the} i ginemer of w ack to an increase in pay by ew York Central to its enginemen more than ay ‘The Uniied| States Labor Board directed a five} y new | working rules early in H The engine men ref the labor decision and sought sepa ate agreement with each road, The orthern Pacific is the second ra road with headquarters in the North west to make an The Soo was the first. ern Railrond will meet its engineer and firemen soon. The Northern] Pacific agreement involves some con- cessions by the men on working rules NEW $80,000. | School Ready; ~Work on 1 school was completed last week and the pu- agreement, Dickinson, Hauke of Brinsi cessful bidders 1; le were the suc- fall for the con- ently this compan A. Wallace and C. M. Therefore the Logan county com- sioners have sent a resolution to the Chief Engineer of the State Highway Commission, requesting tne contract of Ose and Hauke to be can- celled und awarded to R. §, Burnstad of Burnstad who was the next low- est bidder, his bid being $3 2 The Ose and Hauke bid was $29,04 Not Seeking — State Position Vezel of Coleharbor, Non- Leader en mentionec! fi »pointment as State Bank -Exam- iner today red he was not “in the market” for any state. position. FOR, SPORT FROCKS Leather applique.and colorful yarn mbroidery make gay. touches @f in- st on sports frocks of white crepe, 4 arehitect, | ils connected with | {Public ROW CAUSE OF STATEMENTS | Secretary Weeks Breaks Into) Print With a Long State- ment on Subject Washington, Feb. ing of official critic’ Gen Mitchell The outpour- sm of Brigadier assistant chief of ice, for recent state- ments on aircraft continues. G Secretary Weeks broke his long silence on the controversy By issuing a statement, which, although not mentioning General Mitchell by name, declared those charged “with drafting army politics, ineluding General Pershing, and who differed with the Mitchell air program,* had been the targets for “supercilious criticism.” Naval Officer Scores Mitchell The house aircraft committee also continued its inguiry into the row and drew from Captain A. W. John- son, assistant naval air chief, the statement that he would have court. martialed General Mitchell, if he had been under his command, and em- powered to do so, for disobeying orders in bombing tests off the Vir- ginia capes in 1921, Z uptain Johnson charged Gpneral Mitchell with a failure to carty out instructions and a lack of co-opera- tion in the tests and said the army planes commanded by Mitchell coh- tinued tgsbomb in defiance of written ignals from ships. ‘The naval. captain then, in reply to affestioning, made the flat statement: “I would have court martialed any ayiatoy in my force if he had done Secretary Weeks brought out ‘in his statement that the urmy policies were formed by General Pershing recently retired; General Harbord, chief of staff of the American ex- peditionary forces, General Hines, the present chief of staff and their sub- ordinates, Weeks Defends Policy “It is incredible,” the war secr¥- tary said, “that these officers should wish to take any course relating to the development of the air service which would not be for the best in- terest of the future defense of ‘the United States.” The navy department also made ement today by Captain Johnson, only part of which was read to the committee, declaring there had been “a great deal of bunk” present- ed during the hearings and assert- ing today, Representative Perkins, plored and at the same time resented the . slurs and attacks which have been made on the service of which I 1 a member.” The statement quoted him as referring specifically to Gen- eral Mitchell’s remarks, At the close of the committeé hea’ nig today. Representative Perkins, Republican, New Jersey, the commit- tee examiner, announced the com- mittee would not be called for another public hearing until Feb, 12. IS CONTINUED Little Headway Is Yet Made By Prosecutor Feb, 9.—On_ the verge of an impasse, investigation of the presence of poison in medicine given to Ohio University students on January 29 and 30 was resumed here today. . Prosecutor John Chester Jr, in charge, hopes during the day to be able to hear the story of the remain- ing students who were on duty in the dispensary during the week of Jan- uary 26 to 31, and to question the four pharmarcy instructors. Unless today’s questioning yields unexpected results, Chester admits the investigation will have been fruitless so far. ATARRH ‘of head or throat is usually benefited by the vapors of— VicKSs Columbus, 0. been imported by the Department, of Agriculture to battle the Japanese beetle which has played havoe with orchards along part of the Atlantic SAY “BAYER ASPIRIN”? and INSIST! Unless yousee the “Bayer Cross” on tablets you are not getting the genuine Bayer Aspirin proved: safe by millions and prescribed Colds. “Headache Pain Toothache by physicians 24 years for Neuralgia _ Luimbago Neuritis Rhetfmatism Accept only “4 ayer’ package ” e- which contains proven d Hapa. “Bayer” boxes: of 12\tablete Also bottles of 24’ and 100—Dy for the aubmission of, Aepina 1s the trade mark of Bayer Manufacture of Monoacepioapiésster Of Hall rections, inte, CLEANING REPAIRING PRESSING, DYEING in Ladies’ & Men’s Clothes. We call for’ ‘and deliver. Eagle Tailoring and Hat Works. Phone 58, H 24 hour service on ali mal} orders. Kodak Finishing By Professionals The ART FOTO CO. Mandan, - - N. Dak acacia =a" CRESCENT LIGNITE | COA! i DRY WOOD. BALED HAY, — | STORAGE SPACE FOR: _RENT, | W. P. LOMAS. j Corner Main & 9th St. Phone 82: : GEN. MITCHELL ‘SEES WHEAT IN-N. D. LESS Farmer, in Minneapolis, Gives! His Views 9.—Instead of production | | Minneapolis, Feb Plunging into whe jand threatening the wheat market as popular = impr ion has it, North Dakota will plant less wheat | in 1925 than in 1924, Arthur Spar- } ling, Langdon, N. D.,' farmer, who operates 2,500 acres of his own anc!) handles several thousand acres | for Minneapolis business interests said today in Minneapolis. He is here for conference with bankers and officials of the Federal Re- serve Bank, The reason for the smaller wheat acreage, Mr. Sparling said, was that the late fall so hampered | plowing that only a small part cj it was «one and that spring plow- ing cannot be started soon enough to enable a normal wheat acreage to be planted. “In Cavalier county and the s rounding region sc plowing was said. “In the northwestern ‘part of the state the condition is whout the same. In the valley there was some more plowing done but Wittle compared to the usual amount. “The late fall meant more weel| seeds and these will ‘be turned un- der with the e soil in the spring plowing and the wheat will get its start in the com tively colder turned over sod, “The reduced ‘wheat yield will! mein more oats, barley and flax “The trend. toward diversifi¢a+ tion is going to continue and thi¢ itself is another factor against, wheat acreage extension. ‘There will ‘be large acreages.:of sweet | ‘cover pasture in North Dakota this. veir, There will be iprofit in rais- ing feed for dairy mers.” SEED SHOW IS PLANNED! Cavalier, D., Feb. 9.— Cash prizes totaling $125 are offered for exhibits at the Seed Show to ‘he! held at the Mid-Winter Fair at Ca- valier, Thursday and Frida: 26 and 27, under the au the Cavalier Commerci: club. County Agent E. G. Parizek is in charge. Prizes will be offered for fifteen different kinds of ceec’, including marquis, kota, ruby and durum wheat; flax; barley; oats; rye; dent and flint carn: alfalfa; sweet clover; Ohio, Triumph and Cobbler potatoes, Mr. Trowbridge will give a demonstration in meat cutting. He will show the est way to cut up a hog, and 4will go whole operation so 1 { ael Faraday principle of ‘the electric motor 1821, City gas and air can be exploded by platinum powder without using a match. The Grand waterfall in Labrador is 200 feet high. OLDSMOBILE SALES AND SERVICE DAKOTA AUTO "SALES CO. 107 5th St. Phone 428 W. E. PERRY FUNERAL DIRECTOR Parlors 210-5th Street. Night and Day attendant 7 Phone 687 ——————————— *__ PERRY UNDERTAKING PARLORS Licensed Embalmer in Charge. Day Phone 100 Night Phones 100 or 484R. Spirit o Service an MONDAY, FEBRUARY 9, 4928 President Dubois of the Western Electric Company recently addressed 40,000 em- ployes of his Company by radio as follows: “Today we work in larger groups than our forefathers, because no one person and no small group can design and make and assemble and test and finally sell our finished product—the product which makes neighbors of a hundred million of our fellow citizens. “In the great scheme of modern life, you and I are doing our full part. » We are not para- sites nor slackers. We are useful people. That alone makes our lives worth while. “~ besaine the wake coc of us depends wy ie ski and faithhiiness of others, none of us can be sufficient to himself.” The words of President Dubois might have been chosen specifically to apply to the Standard Oil Company (Indiana). This Company is organized into a big group, use no small group can handle usiness of oil. products on the vast scale which is required by our complex civilization. Only a large oil company can produce and distribute gasoline and lubricating oils which penetrate to the most remote parts of the Middle West in such a way as to make possible the circulation of the millions of automobiles. The Standard Oil Company (Indiana) is an essential part of the great scheme of modern life. Its experienced and trained personnel is of incalculable value to the community. The spirit of service and -will which inspires every employe m the executive to the man at the flung service station, isan im- Portant asset to society. are kept i luctively to serve the nation as a w Ses For this Gor t pany is an essential cog in the machinery of Civilization. | Standard Oil Company 810 South Michigan Avenue, Chicago -