The Bismarck Tribune Newspaper, July 8, 1925, Page 1

ia} WEATHER FORECAST For Bismarck “and vicinity: Gen- erally fair tonight and Thursday. ESTABLISHED 1873 E BISMARCK ' HUG Nonpartisan Leagu PLAN TO NAME CANDIDATE FOR U. §. SENATOR Arrangements for Meeting Are Made at Gathering of Leaders Here Tuesday APPROVED BY M’DONALD | State Session Demanded at Rump Cenclave Held in Bismarck Yesterday | The projected Nonpartisan League convention to be held here July 22 for the purpose of certifying a successor to the seat of the late Senator E. F. Ladd will have the endorsement of Governor Sorlie, it was stated at the executive chamber today. The executive indicated in a statement to the press today that he will rely on his own judg- ment in picking a successor to Ladd regardless of what candi- date or candidates the League nominate “Lam not opposed to a league | convention,” —Sorlie declared. “That is the business of the league, and it is not for me to interfere. “Agriculture is the basic indu try of North Dakota,” So stated, “It is time for the stat 8 entire attention to i years has been our main industry. That period is past. 1 shall appoint a man who will | best represent the agricultural now, | mature¢made dain is a halt [wie | | | | i Teton range in the western >, were carried down the mountain FOUR ESCAPE INJURY IN AUTO CRASH by Car Late Last Night cn Memcrial Bridge W interests of this state in Wash- ington.” a convention of ue to be held Arrangements for the Nonpartisan i in Bismarck July were completed at a rump guthering of league leaders which convened here yesterday at the call of Roy Frazier, chairman of the | Republican state central | eommittee. | The scheduled league conclave will{ endorse a candidate for the unexpired term of Senator Edwin Freemont Ladd t Fi ier, who is also a member of onpartisan executive committee, | earlier in the month sent out a call for a general convention of the league which was repudiated by two other members of the league body,’ Ole Knutson, Grand Forks, chairman, and S$. S. MeDonald, Bismarck. ‘ McDonald late yesterday appeared before the rump convention to 4 nounce that he would not oppose calling a league convention to recom- mend a man to fill the seat in the! United States senate vacated by the death of Ladd. | McDonald Favors Meeting “I am‘ entirely favor of such a conventioy,” McDonald told the meet-; ing of approximately 50 league cap- | tains from all sections of the state. it is the proper procedure in the | situation which now confronts us.” McDonald declared he and Ole; Knutson were not consulted when the recent call for a league convention was issued by Roy Frazier and for that reason opposed it. Leaguers late yesterday passed 4 resolution demanding that the Non- partisan executive committee issue a call for a convention of the league to be held not later than July 24./ McDonald was notified’ of the action of the meeting, and immediately sig- nified his approval. Agreement was reached between McDonald and Fra- zier to call a convention July 22. Mc- Donald said he would get in touch with Knutson at once preparatory to calling a convention of the league. Sorlie Criticized Governor A. G. Sorlie came in ror sharp criticism on the part of league leaders. Statements attributed to the executive to the effect that he would appoint a man to succeed Ladd wio would be acceptable to the United States senate drew the fire of pro- gressives. “The man, who succeeds Senitor Ladd shoul@fulfill the platfo which Ladd was elected,” Frazier told the meeting. “Senator Ladd was not acceptable to the U. S. senate. Lynn Frazier is not and never was acceptable to that. body. If Governor Sorlie appoints a man who would be approved by the United States senate, North Dakota would not be repre- sented in the upper house. One man would cancel the other man’s vote on every important matter affecting North Dakota and the nation at large.” . Frazier announced at yesterday's gathering that he would tender his resignation as a member of the league executive committee at the forthcoming convention, and would demand the resignation of the other two members of the committee. G. 0. P. Meeting Postponed The scheduled meeting of/the Re- publican state central committee, nominally the occasion for yester- day's conference, was postponed for lack of a quorum. Frazier announ- ced he would issue another call for a meeting of the G. O. P. executive committee to be held in Bismarck in conjunction with the coming Nonpar- tisan League convention. c The meeting passed a resolution mourning the passing of Senator Ladd. The resolution fellows: Resolution Passed the State of North Da- kota and the nation have suffered an inestimable loss: in. th death of United Stat win F. Ladd; A wagon was 5 and a Cadillac automobile was badly damaged in a crash on Memorial bridge about 11 o’clock last night, in which the occupants of the wagon and the car escaped injury. The auto was driyen by Robert Bodenstab, who was Kecompanted by Douglas Devine. Harry Coleman was the driver of the wagon. He w hringing a load of furniture fr Mandan to Bismarck and was travel- ing without lights. Bodenstab and Devine were return- ing from a theatre in Mandan. They say they were traveling at a ft e of speed to climb the hill at the end of the bridge and lights from a f appre st pre- ve eing the wagon until they were within a few yards of -;the vehicle. Bodenstab —swerv d the car sharply to the left, but it hit the rear wheel of the wagon: Coleman and a companion were thrown to the pavement and the automobile con tinued on and crashed against the north wall of the bridge. The auto- mobile knocked a hugé hole in the wall of the bridge, but bounded back on to the highway. The wagon was completely demol- ished and the furniture was scattered over the bridge. The horses were not injured. Both headlights on the car were broken and the fenders and front wheels were smashed. CIGARET TAX FOR 3 MON: IS $57,082.34 Cigaret tax receipts collected since the new tag tax law went into effect April 1, amounted to $57,082.34, ac- cording to figures released today by C. A. Fisher, state treasurer. Figures for the three-months per- iod are as follows: April, $22,158.14; May, $14,420.34; June, $20,503. BOY WHO SHOT. HIS FATHER IS RELEASED Ukiah, Calif. July 8.—(4)—Henry Kinivila, 17, who shot and killed his father, Andrew Kinivila, 54, in an isolated section of Medocino county last Sunday night, was released when a coroner's inquest found the act justifiable homicide. .Young Kinivila testified he shot his father when the latter beat his mother with a chair. —__- —_--____—_—_ | Weather Report i Temperature at 7 a, m. 52 Highest yesterday Lowest last night .. Precipitatian to 7 a. m. Highest wind velocity . Weather Forecasts For Bismarck and vicinity: o-— Gen- erally fair tonight and Thursday. Somewhat warmer tonight and Thurs- lay. For North Dakota: Generally fair tonight and Thursday. Somewhat warmer Thursday and in west portion | ° tonight. . General Weather Conditions The. pressure is low over the Red River Valley and over the Southwest while high pressure areas are cen- tered over eastern Montana and over the upper Great Lakes region. This pressure distribution has been accom- panied by showers in Minnesota and over the northern and central Plains, states. Generally fair weather pre- vi ‘rem the Rocky Mountain re- gion westward to the Pacific coast. Seasonable temperatures prevail in the Great Lakes region and over the South while cooler weather prevails from the northern Plains states west- ward to the Pacific coast. 2 ORRIS W. ROBERTS, Official in Charge. rt of th t of such action w Ss i BISMARCK, NORTH DAKOTA, WEDNESDAY, JULY 8, 1925 stte and ce slic into a river. by | COLBY DECLINES | TO APPEAR IN | SCOPES TRIAL e counsel f ved a teleg: from Bainbridge Colby, for {retary of state, announci not be present at the Di | NONPARTISAN | CHIEFS DIFFER | ON PROCEDURE! I t mn trial Members of the Nonpart exec. utive committee today differed on the | procedure tb be followed by Governor Sorlie in choosing a suce the unexpired term of Sena add. | $. S. MeDonald, a member of the] Workmen’s Compensation ¢ sion, prominent league le: nounced he would oppose special election to 1 Roy Frazier, Nonpur would not app: Governor Sor he} in appointment by unless the legality ertified by opin- ions handed down by the attorney general of the United States and the? j attorney gener 1 of North Dakota. ISRAEL MERCIER | DIES FOLLOWING | LONG ILLNESS) { << | Israel Mercier, a resident of Bur leigh county for the past 44 years died yesterday in the St. Alexius| hospital following an illness of two! months. The cause of hisedeath was heart trouble. Mr. Mercier was born in Canada 67 | years ago. He came to North Dakota \in 1881. He had intended to go to the | Pacific Coast, but was stopped by the big flood of that year, and settled on a farm east of Bismarck. A few | years later he moved to this city and | for many years was employed as mail {clerk at the Northern Pacific depot. Mr. Mercier is survived by one son, | George, of Bismarck; one daughter, | Miss Marie Mercier of this city, and ione grandchild, Betty Lou Mercier, \ His wife died seven years ago. ' Funeral services will be held at 9:30 o'clock Friday morning in St. Mary’s Catholic church. Father Slag will officiate. Burial will be in St. Mary’s cemetery. ‘The body will be at Webb Brothers’ undertaking parlors Thursday after- noon, where friends may éall. LABOR BODY | AIDS DRIVE FOR MEMBERS | The State Federation of Labor has begun to prepare itself for the 40- weeks campaign to be instituted by the American Federation of Labor to increase the present membership in unions and organize new ones, ac- cording to Frank Milhollan, president. At a meeting of the executive com- mittee it was decided to be ready when the call is issued. The executive committee also de- cided upon a campaign to eliminate the debt of the Fargo labor temple, and next fall will aid the United Gar- ment Workers in its campaigi ainst prison labor goods which is sold in the state. GOV. SORLIE WILL MAKE MANY SPEECHES Governor Sorlie will attend the state board meeting of the State Fed- eration of Nonpartisan Women’s clubs: at New Rockford July 9, will be at Minot July 10 for “U, C. T. day” at the Northwest fair, attend the Grand Forks State fair Monday, July 13, and attend the celebration at Verendrye July 17, according to pyesent plans. MOVIES NEED HiM > i Deal, England—A young boy is so lucky he ought to be a daredevil. in the movies. He recently fell 120 et over a cliff and was not in- jured, ve | funeral. | home. EK COOPERATIVE An exclusive picture of what happened when the recent Montana earthquake slid Chief Mountain, of the E It dammed the feet wbove the former ri tream and-made a laka, Tae r bed. Several ranch houses GANGLAND WAR FLARES AGAIN IN WINDY CITY Third of Genna_ Brothers Wounded in Feud of Rum Runners Chicago, July 8—()—Gangsters’ guns blazed in Chicago’s streets thi morning, wounding Tony Genna, third of the Genna brothers to fall in six weeks in the feud and rivalries of beer runners. At the county hospital where Genna was immediately placed on the operating table five bullets were found in his body. One had pier lung and another injured his spix L cord. His head was bruised from is fall to the pavement. Genna was shot by unidentified | men as he walked along the street. He in criminal court on charges growin out of the last street battle partici- pated in by gangsters in; which, five weeks ago, Mich #1, his brother, und| two polieenen were killed. He fined $100 and costs on a charge « carrying concealed. weapons. Gouna was at large for several ys after the flare up which took the second of his brothers. from the leadership of the notorious Genna gang. He was named by ‘ witnesses as having been in the au- tomobile which gave fight to a police ar on the west side early in June, but when he was taken in custody a week-after the outbreak his accus- ers were not to be found. One bullet lodged in Genno’s head and another pierced his abdomen. ‘At the county hospital physicians said he was in a critical condition. Genna refused to reveal the iden- tity of his assailants. “If I get better I'll get them my- self,” he repeated in answer to ques tions of the poli SERVICES FOR H. R. STEBBINS HERE THURSDAY Funeral services for Henry R. Steb- bins, who was drowned in Apple Creek Monday night, will be held at 2:30 o'clock Thursday afternoon in the Salvation Army hall. Burial will be rin the family lot in St. Mary's cemetery. . The body will be taken to the home at 9 o'clock tomorrow morning and will remain there until time for the Friends may call at the seriously 73 RAILROADS ASK FREIGHT RATE BOOSTS Des Moines, July 8. t three railroads operating in the mid- dle west filed a petition with the Iowa railroad commission yesterday asking a general freight rate in- crease sufficient to provide a net return to the carriers of not less than 5 3-4 per cent, The petition states that adequate earnings have not been: possible un- der the present schedule since the termination of federal control “de- spite efficient and economical man- BUSINESS MEN TO DISCUSS N. P. CAMPAIGN A group of merchants and business men, interested in the ‘letter adver- tising campaign of tlre Northern Pa- cific railroad to sell North Dakota farm lands, will meet tomorrow at noon for a luncheon at the Grand Pacific Hotel. ICE BOXES RARE Washington—Surveys by the gov- ernment for the possible sale of ic making equipment abroad hi led that ice wagons and ice boxes comparatively unknown in Bn; land. Some ice is retailed by fis) mongers. {son, state — _Wiieite earruquAKE Mabe ANEW Lace DRAIN GUEST OF STATE AT LEGION MEET National Commander Delivers Address to N. D. Veterans at Valley City REPORTS ARE GIVEN Work of Organization Is Reviewed by Officers at Session Today Valley City, Juiy &—CP)—A new birth of understanding has come to the American Legion during the past two years, James A. Drain, national ‘commander of the organization, said here today in addressing the annual convention of the department of North Dakota. “The American Legion has passed the days of its childhood,” Command- e Convention Called by Committee ‘SHOWERS BENEFIT GRAIN CROPS TITLED WOMAN FALLS TO HER New York, July 8—(#)—Baroness j Helen Zurmuchlen of Java, Dutch Indies, was killed today by a jfall from a seven story window of the Ritz Corlton Hotel. She struck on the roof of the hotel's Japanese garden on a level with the second iloor, James F, Thompson, one time c iend of Millicent Rogers, now Countess Von Salm Hoogstrieten, was visiting the baroness with other friends, He said she stepped to an ie window for fresh air and fell. The baroness, who was about 28, was Helen Carruthers, of San An- tonio, Te the baro before her marriage The baron is at pr ent in Java, where he expected to joined by his wife. DEPOSITS IN STATE BANK es. be er Di 8 ‘and left behind it the state of experiment; it stands today on the threshold of young manhood, trong, sturdy and fit to e the) ame unselfish ervice to God and ry in pe that its ‘members during the war, Public Spirited “The Legion has no than a public spi 8! 8 ight to be , hon-selt- is to be a might as e up shop and go out of 11 not do that, for in more states where I have been I have seen hundreds of thousands of legionnair joing deeds of service to the community, state and nation. “In almost everyone of these states , in nearly every talk to Legion men, I! have told them as T tell you, I would rather have a hundred men who came into the Legion for what they could than a million men who came in for what they could get. This is busely what the founders of the Le- gion wanted. It is the spirit that is moving it today.” , Commander Gives Report Reports of his work on conventions, ‘national and state, on the hospital - dropped from $431, secured for Fargo, on the state gion band, the. endow: fund membership and legislation, were in- jcluded in the annual president's re- port, submitted today by A. B. Carl- ‘ommander. Mr. Carlson first outlined his work in securing the accommodations for! North Dakota delegates and visitors, at the St. Paul national Legion con- vention, and some of the results of the convention as they affected North Dakota Legionnaires. He then took up the appointment of district deputies, telling the Le- | gionnaires of the appointment of Martin Honoen, Mayville, first dis- trict; F. J. Webb, St. Thomas, sec- ond; Walter Curtis, Lisbon, third; James Morris, Carrington, fourth; Walter McGahey, Williston, fifth, and H. R, Handtmann, Mandan, sixth dis- trict deputies. The state Legion commander then told his “buddies” of the work of se- curing a government hospital for North Dakota veterans, at Fargo, and! of the work of William Stern, of Fargo, in this connection. “All credit for the success of the fight for a North Dakota veterans’ hospital! should and must be given to ‘Bill’ Stern,” Mr. Carlson said. Endowment Fund He then took up the Legion endow- ment fund drive, which had been out- lined by State Adjutant Jack Wil- liams. The state commander said that the legislation committee of the organi- zation, “although there was no le.’ islation that we were particularly in- terested in,” was “always on the alert for bills that would be detrimental to ex-service men.” He announéed that a previously appointed, would later during the convention, on ‘a state Legion band, including the probable cost of such a music nit! and the formation of one. i Mr. Carlson thanked all members of the Legion for their help during the year, and for electing and “s- sisting him in the office of state commander. Adjutant Reports The achievement of the year which the North Dakota department of the American Legion points to with the’ most pride is the oversubscription in this state, by almost double the quota of the state’s share in the na- tional endowment fund drive, Jack Williams, state adjutant of the Le- gion, told members of the organiza- tion today. The state officer, in delivering his annual report, pointed out that while the state’s quota of the national five million dollar drive was only $25,000, North Dakota contributed $45,210, or nearly double its quota. Of 176 posts over the state given a definite quota to raise 126 met their obligations and oversubscribed enough to make the greatly increased figures, he said. The record was go good for this state that the nati Legion's mag- ‘ine sent special writer to tell committee, report Legionnaires over the country “how North Dakota did it,” Mr. Williams : ‘ Membership Grot In reporting on membership, Williams said faced by the state and national Le- gion organizations is keeping the membership in. growing condition. “We in North Dakota,” he continued, “have been fortunate in quite con- Mr. 3 |sistently holding up membership. | prod: During 1928, 1924, 1925, we have kept close to the eight thousand mark (Continued on page two) | against $22,402,413.84 for the pi liod. ‘with her teacher. at the “big question | 4, 1 TAKE SLUMP Heavy Payments to Counties ecount for Decrease, Figures Show Deposits in the Bank of North Da-, kota dropped $2,222,301.91 during the second quarter of 1925, according to figures contained in the state bank balance sheet issued in accordance with the call for the condition of, state and national banks as of dune} 30. Heavy payments to counties which regularly occur at this period of the year are said to account for the sharp decrease in deposits. H Funds deposited by local treasurers dropped from $15,284,159.94 at ’ the close of business March 31, to $10,- 986,087 June 30. Substantial liquidation in the home builders’ fund is recorded. The fund 8 last quarter to $384,432.81 at the close of business June 30. Deposits at the close of business June 30 totaled $19,180,111 quarter. Bond holdings increased more than $3,000,000 during the quarterly per- The increase represents invest ment in United States treasury note: Profit and loss showed $73,93 on the balance sheet. A total of $744,220 was paid out in semi-annual interest accruing on state bond issues by the Bank of | DEATH IN N. Y: | j town, jious damage has resulted. IN ALL PARTS OF NORTH DAKOTA | ‘Hail and Rust Only Bars to | Bumper Crops in This Section of State black clouds that p: marck early last eve and the sharp drop in temperature Jed many to believe that hail fell in some sec- tions, but no hail has been reported to the United States weather bureau here, and the who made_ ing line, said that he of hail. Line despatcher, all along the ved no reports Rain Reports The precipitation in Bismarck and vicinity for the 24 hours ending at 7 a. m. today was .32 inches. Rainfall reported from other sections of the state to the weather bureau was as jfollows: Amenia, .10; Bottineau, .1 | Devils Lake, 82; Dickins lendale, 21; Grand Forks, | tow Langdon, .29 Lisbon, .03; Minot, a Pembina, .20; Williston, 10, With wheat headed out, flax Wloom and suf Larimor N: in cient moisture, rust and hail remain as the only bars to a bumper crop in western North Da- kota. Pastures are excellent and corn is advanced beyond this tim year, the weather bureau Farmers are more optimist t have been for ten years, It is expected that much wheat will be ready for harvest here in less than three weeks. The North Dakota corn and wheat region summary for thi k ending July 7, issued by the United States weather bureau, follows ain Summary “Warm weather with adequate sun- shine prevailed throughout the week. It was favorable for outdoor work and for all crops, particularly corn, which was somewhat backward. ‘Spring wheat is filling in all sections of the stute und much flax is in bloom, Scattered, beneficial showers occurred but heavy rain Sunday put more crops under water in the east-central portion. Rye is fair and other erops ure good to excellent. Traces of black stem rust were reported from the eastern part of the state, but no ser- Pastures, ranges, meadows and livestock are good to excellent. THIEVES AGAIN BECOME ACTIVE ABOUT STATE Burglars and crooks are becoming active in the state, reports from various sections indicate, Thieves broke into the pool hall at Lankin, and about $25 from the till. At Anamoose the Wehr garage V. L. Ross obtained North Dakota July 1. FOLSOM HOME FROM LIONS CLUB MEETING R. W. Folsom returned yesterday from Cedar Point, Ohio, where he attended the international convention of Lions clubs held in that city last week. Mr. Folsom was a delegate to the convention from the Bismarck club. More than 7,500 delegates attended the convention, which was the largest and most successful in the history of the organization, Mr. Folsom said. He declared that the entertainment was exceptionally good. The feature jof the convention, Mr. Folsom said, was a contest for male quartets which was participated in by quartets from all parts of the country. The con- test was won by the famous Stogie quartet of Pittsburgh, The Cali- fornia delegation provi the enter- tainment one evening, Mr. Folsom aid. Several movie stars from Holly- wood we: the program. The Cali- fornians ributed fruit during the convention. Helen Keller, the famous blind and deaf woman, was at the convention They gave a dem- onstration on how she was taught to talk and to “hear” with her fin- gers. Miss Keller and her teacher were made life honorary members of the Lions club. A band from Cin- cinnati, composed of blind persons, played dufing the convention. None of the band members had learned to play instruments until after they lost their sight. WELL KNOWN DRISCOLL WOMAN DIES IN ST. PAUI. E. C, Ruble and sons,“ Karl ‘and Kenneth, were called to St. Paul last Friday on account of the serious ill- ness of Mrs. Ruble’s mother, who died while they were en route to her bedside. Mrs. Ruble had: gone to St. Paul about a month ago and was at her mother’s bedside when she died. YOUR OWN SUN London*-An_ electric are lamp, which, when attached to the ordinary electric current socket in your home, produces light of 4000 candlepower— equal to that of the sun—has been developed here. It is said to pro- luce ame effect as a sun bath. CORN CULTIVATION Cultivate corn just enough to keep down, is the advice of This will lower It is now well es- a control, and not ervatism, is the chief corn culffvati was broken into and about $15 in cash, some tire boots, water pump and auto accessories were stolen. The same week money in the birthday of- fering container at the Baptist church at Anamoose was stolen. Authorities suspect local persons. Burglars did a neat job at Mar- marth, cutting a crescent in the plate-glass_window of a jewelry store. They obtained a watch and several rings and other articles of value. It is believed they were frightened by the crash of glass when they knocked the piece out of the window as they left several articles of value. The Harry Clark home at Marmarth also was burglarized and Adolph Rognelson’s chicken coop was rob- bed, several chickens being beheaded in the coop. ‘A passerby probably prevented a robbery of the J. C. Penney store at Rugby, as men about to enter a win- dow fled when surprised by a pedes- rian, POLICE SEEK YOUTHS FOR GIRL’S DEATH _ Ottawa, IIl., July 8—UP)—Warrants charging murder were out today for Peter Delfonen, 23, and Leonard Bor- nac, 24, both of Peru, Ill, in connec- tion with the slaying of Mary Secjak, 17, Jonesville, Ill., whose body was found Sunday near LaSalle, Il, a bullet through the head. The young men have not been found, but an automobile in, which they are alleged to have been riding Sunday was found in Delfonen’s gar- age, its body covered with durk stains and strands of brown hair. BURLEIGH COMMISSION : IN SESSION _ Burleigh county commissioners are in session at the court house as a tax equalization board. They will continue as such until the work is finished or for about ten days. BAND CONCERT WILL BE GIVEN THURSDAY NIGHT The Thursday evenin, certs will.be resumed this band con- week, The Elks band will give a program jo- morrow night at the Witt school grounds, beginning 5 o'clock. CHANGEABLE WOMAN Edmonton, Alberta—Seven years ago a man here bought # marriage license. The girl changed her mind. She has just changed her mind again and the couple will be married on the original :. & TRIBUNE | mann | PRICE FIVE CEN’ ‘PROJECT FAILS GREAT GRAIN MERGER PLAN I$ ABANDONED ’ Big Marketing Combine Fails But Stock Buyers Will Not Lose Money REJECTED BY FARMERS Properties Will Be Returned to Four Companies From Which It Was Formed Chicago, July 8—(@®)—The un- scrambling soon of the $26,000,000 Grain Marketing Corporation into the four companies from which it was formed has been announced to banker creditors. Failure to induce farmers to buy stock in the largest cooperative mar- keting corporation ever formed was held responsible for the failure. The company was incorporated a year ugo, as a cooperative under the permissive provisions of recent agricultural legislation, and on the basis of four old line grain compan- ies proposing to lease their prope! ties to the cooperative and parti: pate on a temporary basis as board of managers. Could Not Pay The operators were also holders of $4,000,000 worth of stock, given in exchange for an advance of working capital, which was to be retired when an equivalent amount of stock was sold to farmers. Failure of the com- pany to persuade enough farmers to buy stock within the time allowed under the contract for retirement of the $4,000,000 of stock was held re- sponsible for the impending dissolu- ion. A month ago the Ilinois commerce commission required the company to sign an agreement with the Illinois Agricultural Association that it ‘would sell no more stock in Illinois before July 28, the date for an ac- counting with the four old line grain companies, The Indiana securities commission algo refused permission to the cooperative to sell stock in that state, and the company “with- drew its application for permission to sell stock in Ohio. Equity Is Protected Monday it was announced that it had virtually disbanded its promu- tional forces und stopped its stock promotion campaign, banking inter- ests which advanced money to t! concern a year ago for operating ex- penses were assured they would be fully repaid. The farmer-stockhold- ers’ equity in the cooperative is fully covered by current liquid assets, of- ficers said. The impending dissolution was dis- closed suddenly while officers and counsel of the company were issuing reassuring statements about its af- fairs, although they had admitted the abandonment of the stock selling campaign. It was at first indicated that officers and directors of the company hoped for nid from a finan- cial syndicate in 1Weting the obli- gations to the merged companies, which were originally to have been met by sale of stock to farmers. The financial and agricultural world was startled a year ago by the announcement that the J. Rosenbaum Grain Corporation, | Rosenbaum Brothers and the Armour Grain com- pany, all members of the Chicago Board of Trade, and the Davis- Noland-Merrill eompany of Kansas City, Mo., had merged as the basis for a huge cooperative venture. A special grain marketing com- mittee of the American Farm Bureau approved the plan and officers of the federation became incorporators of the cooperative company. The com- pany signed a contract leasing the elevators and taking over the busi- ness of the old line companies July 28, 1924, DENIES PLAN ABANDONED St. Paul, Minn. July 8.—@— John F. Reed, president of the Minnesota farm bureau federation and member of the board of direc- tors of the $26,000,000 Grain Market- ing company, today vehemently de- nied that s have been made of the dissolution of the company. “These reports that the, Grain Marketing company has taken action to disolve,” he said, “are all based on rumors and they are all wrong so far as statements go.” “A dissolution cannot take place without the action of the board of directors. I am a member of that board and no action has been taken. “The Grain Marketing corporation may be reincorporated under the Minnesota laws after July 21 if the present situation is cleared up,” he said. “The board of directors will meet Friday in Chicager” he said, “when this matter will probably be taken up.” LOAN IS SOUGHT Fargo, N. D., July 8—(#)—The board of directors of the Grain Mar- keting company of Chicago is now negotiating for a loan and there is a strong possibility that it will be able to get $4,000,000 needed to take up its third option July 28, Dr. John Lee Coulter, president of the state agri- cultural college here member of the grain organization’s board of di- rectors, said today. a YALE LECTURER AT BERLIN Berlin, July 8—()—Professor E. M. Borchard, of Yale, recently opened @ lecture course at ise Berlin Uni- rican exchange of pro- fentorshivs such as existed Wetore'the CUT FARE FOR ANGLERS nai excursions ex- eng ‘for anglers “Fares are cut