The Bismarck Tribune Newspaper, June 21, 1926, Page 3

aS) ho " the Mill and EI * treated like a private cor; “was made in 1924, this at MONDAY, JUNE 21, 1926 MILL SHOWS — 1925 PROFIT SAYS SORLIE Present Administration Makes| Nearly: Four Times) As Much Per Barrel Northwood, N. D., June 21.—Con- tending that the state mill and ele- vator made a profit of $163,000 dur- z 1925, and that it made a divi] dend on its fixed capital amounting} to 3.4 per cent, Governor A. G lie addressed a good sized audience here this afternoon. t he Temple Brissman. company, expert accountants employed by the Nestos administration, made an ac-| counting of the operations of the mill and elevator from the beginning to| December 31, 1924,” said Governor Sorlie. “In the accounting as made they set up as charges against the State Mill and Elevator interest on state ed for the construction ion of the Mill and Eleva- sued. “Concerning this item of charging such interest to the Mill and Eleva- tor, this company made the foilow- ing comment: . “‘The administrative policy adopted by those in charge contemp! that the bend issues for Plant Con- struction are an inter- est bearing obligation of the mill, rather than being treated as capital furnished for a com- mercial adventure. A commer- cial adventure would not accrue its dividends when such divi- dends are not earned; however this mill project is accruing terest on the construction se’ furnished as its fixed capital.’ System Is Scored “In other words under the system of accounting employed, which the Temple Brissman mentions as one} that no commercial adventure would employ, dividends ure ‘charged in_ad- yance every month against the Mill and_Elevator. “There are state bonds in the sum! of $4,500,000 outstanding $3,600,000 | for construction of the plant and $1,- 600,000 for its operation, as an oper- ating capital, Some of these bonds deaw 5! per cent; some 6% per cent and some 6 per cent. The annual in- terest. charges on such bonds are 8: 0.062 ull of this is charged to; the mill although it is its fixed cap- ital; the sume as a private corpora- tion might have. “The press has recently publish- ed st, nts showing that the Mill or lost during the month of May, 1926, $42,719.37. 4 “Such statement of course includes interest charged in advance on state @onds for the construction of the | plant and for its operating capital as well as depr on “But it is interesting to note and attention should be called to the fatt that the State Mill and’ Elevator lost almost a similar amount, by the same way of figuring in May; 1926, namely $41,796.18. He! Earned a Profit “Yet in the year 1925, before the! year ended, this same ‘Mill and Ele- vator earned an operating profit of | es, sold 3,719.43; that is to say in 19 : say eee ees ing interost on. its fixed second Eva Vette, box of capital which must be the same| “Gitis 9 and under—first, Mary whether the Mil is or ta not operat: Ellen Hoffman, bathing suit, seeond, ing, and, wot Fhguyingdepreet ime Clara DelRochford, box of candy. which iow ier ean Hlgverer in oF aes crinst Mes. FE: Hilden, is not operating, the Mill made a dies—first, Miss Wilma rofit of $133,197.89, and the eleva- tor made a profit of $20,621.54 or a) total profit for both of $153,719.43. These figures are taken from the re: port of K. C, Nelson who is the audi- tor employed by the Industrial Com- ission. min other words in 1925 the State Mii) and Elevator made a dividend on | its fixed capital amounting to 3.4 ent. : ein other words the State, Mill and; Elevator in 1926 paid to the State over $163,000.00 to apply on the in- terest charged for the fixed capital furnished by the State to the Mill and Elevator and to apply on the pa-| per charge made for depreciation of be iH other words, the State Mill and Elevator made $153,000 more than it; would have or could have made if it) had not operated at all. ~ | ‘ “During the Nestos»administration ; in 1924 the State x and Elevator, lost during the first six months of the year $309,158.91, which amount is far in excess of the losses of the State Mill and Elevator in 1926 for, a similar period ais vene 5 ana i lestos = adminii » Aa ane levator made in 1924 61 for profit of $78, an operatin; he year 1924, not figuring in inter- bag 7: haaas and depreciation; this is about the same as a dividend of! 7 per cent on the fixed capital of ke Mill and Elevator. p Made Twice as Much, ieBut in 1925, under the present ad- minisicetion, nearly twice suc! is been made. amount State Mill and Elevator was Id any one say that the e and Elevator ‘was not being operated of several months’ duration, took from ‘Bismarck one of its only two remai ‘Mr. Blunt and Capt. J. M. Belk wer jherds box of candy. {your jams and jellies look better and h| Upon BISMARCK LOSES ONE OF ITS EARLY SETTLERS IN DEATH OF CHAS. BLUNT The death Saturday noon of Charles W. Blunt, which followed an illness ing river men who were associated with the commercial shipping up and down the Missouri in the carly river work for many years, the former serving as clerk! and pilot and the latter as master and clerk. Mr. Blunt worked the river from St. Louis ‘o Fort Benton, serv- ing on the Butte, the Benton, the! Helena and the Yellowstone, and his friends often enjoyed hearing him re late some of his early experiences along the river, such as encounters | ith the Indians.’ who were none too| friendly in those days, and pf how n jous occasions it became neces- | ary to stop the boats to let large of buffalo swim across the} river. | Mr. Blunt was with Capt. And Johnson on the Butte when supplie munitions and food/ were carried to| the vigilance committee at the time | horse thieves were being driven out| of Montana in the early 80s, and his necounts of those thilling times wer well worth hearing. Came to Bismarck in 1878 Mr. Blunt followed in his father's footsteps in taking up river work, his ing worked on the Missouri as early as 1858. Charles born on April 21, 1858, at St. Louis, Mo., and came to Bismarck when only 20 years of age, making his residence here continuously since that time. He came here as an employe of the Benton Packet company, and was partners in 0 # associated with the same concern for 45 years. When he gave up active | work on the river he entered the offices and was a faithful * April married here to Miss Nellie Nichols, | 800 ATTEND Pregram of Sports, Baseball and Dance Provide Entertainment the U. C, T., their wives and families were in attendance Sunday after. noon at the annual pien at Fort ; Lincoln. W. C. Bush was in charge} of the general arrangements. F. A. Doll conducted the program of athletic sports that was arranged for the afternoon. The list of prize, winners and prizes follows: i sport visor. Boys, 9 to 12—first, Paul Whittey,| base ball mitt; second Tom Ryan,! ball mitt. Boys, 9 and) under— Buddy MeGuiness, basee ball ha second, | Adam Schwan, base ball hat. i Girls, 12 to'16—first, Elsie Nelson, | bathing cap; second, Dorothy Guten, Girls, 9 to 12—first Lucy Shafer, Olson, NeverAgain | 5 A that anxious question “Will it jell?” No fruit by itself contains enough jellying substance to jellify all of its juice. That is why, by the old-fash- ioned methods of jam and jelly mak-| ing you have to “boil your fruit down” until enough ‘of the juice has boiled away to concentrate the jelly- ing substance in the fruit. But with Certo, which is simply the natural jellying’ substance of fruit, refined and bottled, you do not have} to boil your fruit down. One or two minutes’ boiling is enough to give a perfect, tender “set.” It cannot fail ae el. ‘his short boil saves the color png esh fruit, so that’ i flavor of your taste better. You get a larger amount from your fruit, too, because you save all the juice that used to boil away. 5 A recipe book comes with each bottle of Certo. Your. grocer ea ries Certo, or you can send 10c stage) and get a trial ‘half-size ottle which will make from 6 to 10 glasses of jam or jelly, depending the recipe used. Address Douglas - Pectin Corporation, 6204 Granite Hulaing: Reckentat: N.Y. adv. ta profit; how could any one say Shot doubling its dividend in 1925 over that of 1924 upon its capital was not making » showing of ms : Brita 1925, the State Mill manufac- tured b17291 barrels of flogr; the HINT’ can ‘produce about twice as mith in a year, but the policy of the present administration has been to manufacture only as.sales are made and to sell a high quality flour at a} it. ¥ Prein 1925, the State Mill hy mand; of flour, ing these barrels ben ogg $150,000.00, ‘made its profit of over it is easy to figure that 0) of about 30 cents per barrel on every barrel of flour manufactured. If the State Mill had not operated at all; it would not have manufactur- ed such Hour and it would not have made $150,000.00, “In 1924, the State Mill, under the Nestos administration, manufactured 954,065 barrels of flour. In 1924 the Nestos administration made an operating profit of $78,826.00 for the State Mill and Elevator. ) “This means, accordingly, that in 1924 the Nestos administration made} ightly over 8 cents profit for every. es fn flour manufactured. “Jt will be seen that the present ministration has made nearly four mes as much per barrel of flour as least is some progress.” TATE. HIGHWAY ALMOST COM- ud PLETED cClasky—Completion of state highway No. 7, running east and west through Sheridan county, will renghed next month the contractor has announced. Olly | thd) Aurfacing remains to be s by the Mill} ting in 1925 it made a profit] 100 . 75 Indians, wild west. Natural ‘Arena and camp of Mandan. : 7piece orchestra. YUCCA, u 7, 1891, Mr. Blunt was | U.C.'T PICNIC: Nearly three hundred members of | 7, June 24-25, Thursday and Friday HORSES STEERS $1000 in prizes \ Novelty wild boar race Aeroplane, fireworks, riding, roping, bulldogging, Mi ; Band music ‘all day, 25 pieces. Bowery dancing, -~ YUCCA RODEO, Ine. Tickets 75c and 35¢ daughter of Mr. and Mrs. John Nich. rviving here are the wido two sons and two daughters, Dr. J. ‘arroll and Miss Dorothy Blunt and Mrs. Melvin Welch, all of whont live in Bismarck. He also leaves tw sisters, Mrs. W. H. Pearson and Mi! Thomas Lorton, both of Burlinggame, Calif. Largely Attended Funeri any intimate friends and ar NEXT SUNDAY ‘| *s.[Shriners Will Furnish Music quaintances of Mr. Blunt visited the} Webb chapel where the bo until 5 o'clock, to p: spects to the pioneer citizen, First Presbtyerian church was terday n state from 2 their last re- and the ‘ices, which were Both M Blunt attended the Presbyteri chureh, that being the only church here in the early days. Due to the fact that Rey. Paul S. Wright, pi ent pastor of the ch and Ine: Rev. Vater of the Methodist chi ciated at the service tod tesy to his fellow pasto i Mary's pall bearers included John F chy Rollin Welch, P. E. Henry Richholt, William Falcon Henry Reade, while among the honor- ary pall bearers were Capt. Belk, James Thompson, Jos. Diatrich, John t, William Cook and L. Van Hook. urch of! cou Interment robably the most fitting tribute to Blunt that pate be expressed 1. P. Baker, his em- | y When inform. ed of the pioneer’s passing Saturday, Capt. Baker said: “Mr. Blunt w: faithful, honorable and kind, a_ca- pable employe and a good citiz whom none could praise too highly The Benton Packet company had hoped to have Mr. Blunt present at ty of the Custer ll be observed Sun- neqin. cre, w! day at old Fort Li silk hose; Mrs. J. W. MeGuiness, box of candy. Fat men, over 180 pounds Frank Barnes, thermos. bottle. irst, William bottle. I thtrowit first, , carton of number of . feature s in which prizes were not award- A base ball game and a dance provided for the entertainment of the members. SCHOOL OFFICERS TO MEET * were ra ed. hool officers and Parent- ions of Grant county int meeting here June s Minnie Nielson, state’ Superintendent, as one of the prin- cipal speakers, AND PICTURE PROGRAM PALACE THEATRE - MANDAN TUESDAY MATINEE AND EVENING A. MARTINI “His Little Barrel of Fun’ ” GILBERT & HIRSCH “Music, Jazz and Otherwise” LEONARD KA. “The Dancing Adonis” WILSON & ARDELL in a comedy novelty “Goofey Golf” SEVEN FLASHES — | “A Satire on School Days” Feature Picture JAMES KIRKWOOD in “The Police Patrol” Matinee at 5 10 and 40 cents Evening 8:15 & 10:20 All Seats 50 cents Bismarck Time 100 75 ground—20 miles north N. DAK, . is confined | atfernoon, | filled (day afternoon at old Fort Abraham this afternoon for the|Lincoln, south of Mandan, has been conduct-{completed and there is no qu Mrs. an | Jat Fargo. Hamilton, { {for the 50th anniversary services. PAVING WORK BEGINS Dickinson—Following several weeks of strife concerning the paving of PREPARED FOR and Drills — Several Speakers Listed The’ program for the Custer Me- morial exercises to be held next Sun- e! Ls but that it will attract thousands of people to the site of the old fort The program will be in two parts, irst in which will be given by! riners from El Zagel Temple ‘This will include. El Zagel Temple Band Arab Patrol ..Bugle and Drum Corps Selection....... Saxophone Band Selection El Zagel Temple Band Chief Justice A. M. Christianson of the North Dakota supreme court will be in charge of the second part of the program and will introduce the speakers. The first address will be given by Major General Benjamin :. Poore of Omaha, Neb., special rep- resentative of the secretary of war. neral Poore’s subject will be Heritage from General” Cus the fi the Sh Selection Drill Selection ably invigorating == Blessing to thirsty } throstea surprise for Tat pampered palates Coot os these wood Y land springs — ead delictous. Our ter.” John F, Stevens of Southern Pines, N. C., pioneer railroad builder and jchiet engineer in charge of the build. x of the P: second speaker, his “From 1876 to 1926.” Jule M. Hannaford of St. Paul, vice chairman of the Northern Pacific Railway company, will talk on “De- veloping an Empire,” after which Dr. John Lee Coulter, president of the North Dakota Agricultural college, will give the principal address of the ernoon, taking for his subject ifty Years of Progress.” Miss Clara Peltier of Belcourt, N. D., a student at the Bismarck Indian chool, will contribute a vocal num her to’ the p m, which will close with the national anthem played by the El Zagel Temple band. COMMUNITY CLUB PICNIC Hebron—the seventh annual “com- muhity picnic, sponsored by the He- bron Community club, was held June 18 at Tony Heidhardt’s grove and was ma canal, will be the subject being On Sale Wherever Quali Beverages Are Sold Bring Your Caps and Cash to 204 MAIN STREET largely attended by, the residents of the county. sales break IE spectacular performance of this car is, we believe, re- sponsible for this tremendous sales success. Over 100,000 Overland Sixes are now in use. And sales are multiplying at'the rate of over 2000 every: week. Surely no car could hold this pinnacle place in public favor... unless sheer merit put it there, What To Expect From This World-Famous Six The Overland Six is a car of tremendous power . will give you the thrilling performance of 55 miles an ever you want it. That will pick up in high gear from 5 to 40 miles an hour’ in 21 seconds. ; It is the first closed car that ever took the famous Sierra Grade, at'San Jose, California, on high. This is average performance .. . in the hands of average.owners ++. the kind you can expect when you drive this car. ” 4 , 18 blocks of streets here, work was|days The Kennedy ‘Brothers Cons rted this week with prospects of | struction i ng the entire job completed in 90! charge. BISMARCK BOTTLING WORKS, INC. Phone 427 company, Fargo, is ini THEATRE TONIGHT — MONDAY: AND TUESDAY ONEIDA Community Par Plate SILVERWARE An Epic of ‘the on Seas Caps and 2Ic! Stormy adventure on the , high seas, thrilling res- cues, high romance and 4 glorious drama fill this robust picture of a deep ; sea man. fork. Caps and 26¢ BISMARCK, N. D. Overland Six all records Retail deliveries during the month of May were the greatest in the history of the Overland Six. And now, in the first days of June, sales are again breaking records and forging ahead with increased rapidity. Be prepared for a big surprise when you take your first ride ir- ‘an Overland Six. A brand new kindof motoring experience nwaits you ... it’s bound to change your whole idea of motor car values. Full 40-brake horsepower is delivered in a straight line from its low swung engine through to the rear-axle shaft. This big sturdy Six will Out-pull, out-run and out-perform any- thing else of its size, or weight, or price-clasp. - It is a car of exceptional comfort. The big, broad doors are 3234 inches wide. You can get in or out with the utmost ease. Seats are wide, luxuriously comfortable. There is mote cubic feet of inside space than in any car of this price . . . with plenty of room for five full-size passengers. Room to stretch your legs without feeling cramped or crowded. Nothing has ‘been spared to make this car a positive comfort- revelation. Owners accustomed to more expensive cars tell us this is true. An Artist Created It The distinguished, smart-looking Overland Six you see in the illustration is not a chance result. An artist created it. Every line, every curve and contour is: the result of painstaking craftsmanship and study. Frankly, we took the 18 best care of America and Europe and combined their‘ealient features: in this new-type Overland Six. It fo a otrikingly beautiful automobile. In Justice to yourself, see this wonderful car. OVERLAND SIX SEDAN $ p 4 The new WILLYS FINANCE . sxalet monty payment and the lowest crodit-coet | in the industry. XY y peawerae e ee emaaiadadias + All prices f. 0b. seen, We seseree the right to chenge prices end jeations witheut notice.