The Bismarck Tribune Newspaper, February 25, 1927, Page 1

—— -, a) WEATHER FORECAST Fair tonight ‘and probably Sat- jecided. change, ESTABLISHED 1878 ~ 3000 000 BRITISH > FOREIGN AREA Regulars Take ‘ke Up Positions | Along Borders of Inter- | national Settlement U. S. FORCES INCREASED 1,200 Marines Reach Shang- hai Thursday and 3 De- stroyers Arrive Today Shanghai, Feb. 25. — () — Three thousand British regulars took up de- fense positions along the borders of the international settlement here to- night because of the situation creat- ed by the arrival of Chinese troops in increasing numbers in the city. With the regulars in position, vol- unteer defenders of the foreign set- tlements remained on the alert to aid in preventing native incursions as opposing Chinese governments, struggling for possession of the city, continued to concentrate their armies south of here. A volunteer machine gun company also was mobilized this morning and held in readiness, while British troops paraded two six-inch mator: ized howitzers along the bund. The cautions were taken mostly to guard against invasion i defeated | troops of Marshal Sun Chuan-Fang. Marines Arrive The American defense force, hav ing been augmented with 1,200 ma- rines from San Diego, California, | yesterday, was strengthened further | ay with arrival of three destroy- | ers, the Preble, Noa and ea © from Manila. More of the northern Chinese | troops under General Chang Tsung- | Chang, military goveanor of Shan. | tung, arrived this morning, and was estimated that 8,000 will a reached. the city by tonight. i Officers of the Shantung forces | said that the northern Chinese battie | squadron’ of 16 ships already had | left. Tsingtao, Shantung territory, | und was due very shortly at Woosung | anchorage, off Shanghai. The ves- | sel, ane of which is manned by Ru: sians, also are bringing consider- | able Shantung ‘land forces. Northern Army Weakened It was reported that a elash oc- curred yesterday north of Kashing ween the nationalists and sol- rs of the defeated Marshal Sun ng. The engagement was not decisive, the northern army hav- ing been weakened by desertions and 1 lowered morale. The northern forces have retired to Sungkiang, only 28 miles from Shanghai. It is estimated that their strength there is not more than 16,000 men and that quick reinforcements from the Shantungese would be} needed if the city is to be held hgainst the advancing southerners. ‘The Shanghai labor situation is! virtually normal. Not more than | 18,000 men are still striking. The remainder have returned to work, under the general labor union's order calling off the general strike yes- terday. Marines Not Landed No American marines were landed | for the present, since defense plans do not call for the use of these in the border service. They are to be! held for maintenance of order inside ‘Ythe settlements. The British troops: occupied a 20-mile line, part of it running into Chinese territory, sur- rounding. the international settle- ment. The line was considered in- \ slseenanti to the defense of the! STithin the line formed by the ops but outside the settlement | Feside 8,000 foreigners. Also within | this ss is foreign ‘owned , property worth $16,000,000. , Defenses along both the interna- tional and French settlements were strengthened anew with bai wire | entanglements and sand bags, while machine guns were mounted at strategic positions. French Erect Barricades The French erected wire entangle- ments along the entire boundary of their settlement which borders on} the native section of the city. Local | American authorities. do not believe | the present situation justifies land- ink. of their marines Lat defend Amer- n lives and Ley sty They are said to be limited by the policy of the. Washington govérnment to this /| separate. only. The Associated Press w: ured that whenever the situation calls for American marines, they will be landed frost hme iy. The first American landing force now available is composed of about 1,600 marines. This force can be in- creased to 2,400 men by use of blue- jackets, Weather Report || Weather conditions at North Da- “kota points for the 24 hours ending t 8 a. m. today. Temperature at 7 a. m. » 24 Highest yesterday Lowest last night Precipitation to 7 a. m. Highest_wind a aralotity Ne WEATH! RECAST “H Por Bismarck vicinity: Fair tonight and probably Saturday. No decided change in tem perature. For North Dakota: Pair tonight and probably Saturday. No decided change in temperature. WEAT! CONDITIONS Low pressure areas Gd oak Great i rocipit jon in thove | sections ie fr weather thet ong, pressure aroa Ne Rt. Dd, who will open the I in Bismarck Sunday ey mass meeting at the ei BISHOP WILL jeopal Chareh eed, | Valley City. Lesson, Read by Rev. G. W. Thom * fg] ner. THE BISMARCK TRIBUNE Liwionor] BISMARCK, NORTH DAKOTA, FRIDAY, FEBRUARY 25, 1927 PRICE FIVE CENTS TROOPS GUARD gu Rev. Walter Taylor Sumner, D./ of Portland, Bish auditorium. OPEN CRUSADE HERE SUNDAY Public Invited to Attend Mass’ Meeting at Auditorium— Services All Week The Bishops’ Crusade of the Ep! a week of Evangelic services, will be opened Sunday eve ing at 8 in the city a with Right Reverend Wal Sumner, D. D,, of Portland, B Oreo the princi eorge’s Episcopal Church ek and Christ f Manda the campaign, which wide se: is of nation. he com bi lead in the hymn. i Meetings During Week rington, er of the Goshen Hole distri and Friday at 3 o’c The publi ings. is a forceful speaker. | in Manchester, . N. H., in Theological Seminary in 1904, Th degree of Doctor conferred upon him jin 1918, Previous to being Bishop of Oregon, spent several years as Dean of th dent of the City man of the C Missions. of the advisory council of the Bo: Scouts of America. He Oregon January 6, Rev. Tull vA ‘Mission Work Reverend Tull has carried on most unique and difficult~work it remain in'the mission field. | troops for a number of years. Assisting these two men will | Reverend G. W. Thom of Manda and. Reverend F. H. Davenport Bismarck. of Mandan. «Hymn, “Jesus Shall Reign.” Crusader’s address, Offering during singing of Hymi “Christ for the World We Sing. Today’s Program — -in Legislature ||* *\ House’and sénate meet at 2. se.to continue with commit- are mod <r 8, kad Feports to get bills on calen- ite to: act on’ bridge appro- :eiaton bills, op of Crusade | fathers, ~|long seopal are combining in eak on “God hes will Meetings are to continue through- out the week, excepting Saturday, in St. George’s church with celebration ork Afternoon conferences will aA held Monday ‘and Tuesday afternoons at 1 o'clock and Wednesday, Thursday ck. is invited to attend all of the meet- Bishop Sumner is ona of the out- ss Standing leaders of the church and| 0. E. He was bern 873 and was graduated from Dartmouth Col- lege in 1898 and from the Western of Divinity was by Dartmouth consecrated Bishop Sumner Cathedral of Saints Peter and Paul in Chicago and was also superinten- As chair- ieago municipal vice commission, Bishop Sumner attracted was cobsscratad. Bishop of the Goshen Hole District of Wyo- ming and has received many calls} to other places, but has consistent- | ly turned them’ down, preferring. to He has {been chaplain of the Wyoming state be of The following is the program ar- \Lord’s' Prayer and collects, réad by Bishop Sum- BOYS ADMIT - _ HOLDUPS AND = AUTO THEFTS More Than, College—Rob- bed to Pay Expenses, ‘FLING AT ADVENTURE |Ask That They Be Sent to Prison Immediately—Don't Like Jail at Gary jlife more than ine did college, | resorted to robbery P chafed in the jail jtoday while authorities ed a score of confessed holdups and auto ary | ture.” begin te! and declared that it would have bee | better to have been shot down during | ns. their latest robbery “than to have to} ,| | stick “around a Gary jail and rub elbows with a lot of unbathed crooks |who don't talk our language.” Confronted by their — bewildere the youths di their firs ries of robbe “hicago and nearby Ilino: These included raids on gasoline| rvice stations, a dance hall and} | thre theatres, Hen: Atkinson, | expl ing that they soon found| o much money in stick stations—theatres are | was insisted of Elgin, II. adventu The pair estimate: ined about $2 urge Webb, 19, It was the lure they had fore they were captured in a stolen automobile, wrecked as they fled with the spoils of the Palace robbery, | i | | HOUSE REJECTS * “=| BILL CHANGING | TAX STATUTES Measure Passed By Senate -| Favors Collectors, Not Farmers, Opponents Aver -Changes in the tax laws to permi the sheriff to begin collection of| i of the Holy Communion at 7:15 and! delinquent property taxes on July L with sermons at 8 o'clock by Bishop| instead of October 15 of each year Sumner and Rev, E. Tull of Tor- and removing the exemption of $600 of certain kinds of personal proper- the house Thursday. Opponents of the measure, which already had been passed by the sen- ate, contended that farmers have no money on July 1 with whieh to pay delinquent taxes and that the present date is preferable. Erickson, Kidder county,| pointed out that the change would favor the collectors and not the farmers and declared that the pur- pose of the bill was to say in effect, “to hell with the farmer.” \A majority of the tax committee ‘had recommended passage of the measure on the ground that county commissioners believed it would aid in collecting personal propefty taxes. The house, however, supported a motion to ig as the bill, 63 to 46. Auto Race Bill’ Killed The Stevens ‘bill ‘ta prevent. auto- mobile races ‘was killed. despite a feeble effort to force its. passage. ic e nation-wide fame. He was for six| Action was taken on recommenda- years. a member of the Chicago|tion of the state affairs committee. school board and is now a member R. Trubshaw, Barnes county, ) jointed out that it would stop au- ¥ | fomobile races at county and other ay nd declared it to be a “ridicu- jou: piece ‘of’ legislation. More ae occur annually from _para- (Continued on page three) iN. Y. Judge Ignores Threats. and Bomb Explosion Follows New York, Feb, 25 25. “Threats that the home of John Palmieri, for- | mer city court judge, would be blown up unless he paid $50,000 to the writers of anonymous letters. were a in n le agag followed early today by the explosion penned: 198 «undny night's mass | oP a bomb in front of his home in| nal Hymn, “Onward, | Brooklyn. Soldiers.” The family, including four cl Led by T. A. Simpson of |dren, asleep when the blast occurved escaped injury. Windows in’ the front of the house were shattered. The property is one of the show laces along Ocean Parkway. The jomb had been hidden in shrubbery thors of the letters. Dry Ridge, Kentucky, Pinctagtprayer awd blessing, Blah: omar tm sense. Bet Hina Disastrous Fire Rranetene) Athan, “The Churehey'h cata! "pa Feb. 25 U0 , Fourteen buildings, including the famous 40-room risbad Springs hotel, in the business district of Dry Ridge, Ky, '4 miles southwest of here, were lestroyed by fire eariy today. “¢ $200, eat between $175,000 an Aboat three-fourths of the town was di strered. Ae one build- ings bu were the Farmers Bank and Equity building, the postoffice building, a motion picture theatre, undertaking establishment, ‘estau- rant, confectionery, grocery and six private Romes. Fancied Chicago Night Lite. when expenses | | thefts in “a:month’s fling at adven- | Both urged that they be sent to| Fj | state prison at once to "| MeNary Measure ‘May Not of | ob: ty from taxation were rejected by} , Man Murders Five * Solon’ s Fall May ics Eshoarndbes 25 on the head which le $4 During a roll call the chair on which Meldinger wan sitting broke and he thumped his cra jum against the corner of an a Joining desk. This tei | the house appro- | riationa coi ittee added $4,000 | to the app jation for main- | tenance of the capitol bgp | and grounds, je money woul he used to purchase new chairs be Ce house chamber. = juestion of reseating the hours chamber was raseq by ‘Watt, Cass county, chait- feated. The amendment to ue ‘ttn maintenance ropriat: ‘this morning wan % Burkhatt, floor leader. ropria- tion for grading grounds and Hl planting trees was re- | duced from ie to $2,000. tse | | tal seprapttatlon from s2easi t to $130,334. SORLIE ASKS COOLIDGE TO APPROVE BILL, | Be Cure-all, But Will Help Situation, Says Governor | that pe de “something must} present ring nd should ricultural idge req ive to sign the MeNary- Haugen | The message further states that “while the M Haugen bill is not a’ cure for all agricultural ils, it doubtless will help the present sit- a and requests the Pre ident ive the agricul tural section to try j& ou! rnor Sorlie’s commun | folloy “Tam informed that the MeNary- lgrcgns bill is now before you for) | Signature, T! lof the United States has greatly during the last fe land it seems that this bill signed to help put agriculture more {nearly on an equal basis with other | industries in the matter of marketing , agricultural products, — Something must and should be done to correct present agricultural conditions. While the MeNary-Haugen bill is not a cure for all agricultural ills, | doubtle agricultural section suffered a 1 most respectfully ria i ericultural matte WATERLOO, NEB, 1S THREATENED ‘BY HIGH WATER { Many Families _ Are Driven ' From Homes, Nearly Every Building Is Flooded | Waterloo, Neb., Feb. 25.—(#) |Water early today was rushing more than knee deep through ¢ streets of Waterloo and steadily ri ing to creep into practically every {building in the town, which is facing one of the most serious flood threat here in years as a result of the hora river’s being dammed by an jam nearly a mile long. The water spread through the town {after a long dyke west of here broke, west, as well as from the north, where an ice gorge had formed be- tween the Lincoln Highway and the Union Pacific railroad bridges. Res-! idents have been warned, as it was feared the water tearing through its banks may cut a new channel, pos- sibly through the town itself. Families have been driven from their homes, livestock shipped out of town, rescue squads organized to! save merchandise in the stores, und | ‘at least two men were marooned by the icy. flood. Those who watg not busy through- out the night working to save prop- erty from the rising water, sat up in fear of their homes being washed away, or ready to help others wno | might be in distress. Gaudenz, West Prussia, Feb. Rey. N. E. Elsworth. in front of the house. () —- Franz Lewandowski, 21, " .|. Mr. Palmieri ignored the demands! charged with having murdered five ae a ane toa in two letters that ibe post $50,000 | members of his family because they | . . | at a spot in Prospect Park. -He. said! disapproved of his intended fiancee. “give tok, dion “aster Tull. lhe ‘had no knowledge as to the au-|The tragedy occurred in the small village of Grosstarben, near here. Franz’ 70-year-old’ grandmother | and his young sister were instantly killed with an axe, and his father, mother and younger brother were mortally injured. One Killed and Two Injured By Gangsters Philadelphia, Fob, 25.—()-—Four gangsters in a speeding sedan raked ag shine gun fire a group stand- in front of a Chestnut street Mee club here early today, piling n one and wounding two others. underworld feud is blamed. dead man was’ John Bricker. wounded were Mickey Duff: styled “King of the Tenderloin,” ai 'Earl Brown, doorman at the club. — ‘’ wa’ MAY BEINVOKED. Efforts Being Made to Limit {House Reduces Senate Provi-| i926, when he served as sheriff, and | ate of the usual fireworks that at- | water for domes | the need, as now, of dr it. will help the present. sit-$ (e proposal to prev » the senate. jletting the water pour in from the! ‘Members of Family! RY-HAUGEN MEASURE CLOTURE RULE. APPRAISAL OF STATE MILL PROPERTY BY COMPETENT ENGINEERS SUGGESTED IN BURCHARD’S REPORT TO GOVERNOR IN U. §. SENATE Gunvaldsen Is Nominated U. S. Marshal For N. D. Feb, Debate on Boulder Canyon , Dam and Tyson Bills |. Washington, 25.--#) Ole ’ ; Gunvaldsen of Burke county, Norin — ; Dakota, was nominated today s ‘United States marshal for that state. CON 3RESS IN LAST WEEK | 0 Gunvaldsen came to northwest | North Dakota in 1910 at the age of 1 | years. Except for the four years, 19: the e he served in the army durin the World War, he hag been bbl babe in farm in Burse ¢ umey. Por past three years he has served as p. nder of the Rowbells post, sion For Cruisers From $1,200,000 to $450,000 on, Feb, 25.—P)—The yon Dam bill was temporarily gide-tracked today by the senat hasta ducation at th agricuitural college North Dakota Fargo. Washington, Feb. 25.—(#)-. The sixty-ninth congress entered its final week today with prospects in the sen- REPEAL OF N. D. ANTI-PASS LAW! SEEMS CERTAIN Senate Votes It as Joke, But House Approves—Roll Call to Be Taken Today tend short session climaxes but with the house in a more orderly mood and | driving determinedly to clear most of its slate. While both houses moved today to- ward consideration of the second Papeciency bill, additional fuel for the | blazing senate debate was promised | | as a result of a parliamentary situa tion leaving the much kicked-about Boulder Canyon dam measure as the unfinished business. HERE'S BOULDER DAM PROJECT IN NUTSHELL bill for th Dakota anti the senate as a mea serious | when the use Repeal of the The before Swing-Johnson Congress calls rnment proj of This project ii ming of the Color rn Boulder Canyon, Arizona, cution of it would: Protect 60,000 farmers in the winter-garden valleys of south- ern California and Arizona from annihilation by floods and star- vation from water shortage. Provide ir ation for 2,000,000 acres of land: Reclaim 43 from the dese now the Panama Canal the dam- jon will be taken in the! when a roll call vote ly passed by the hous provided that ed since ithe fi receive free transp jate, however, that it now the prese| Lk, Twichell, he doubted if the tat ded the bi peal of! ,000 new acres , to which ex- soldiers would have first claim, Develop 600,000 horsepower o ectricity; displacing | te Los Angeles and her cities, of southern Ca fornia to obtain plenty of pure \ which p uge of the bill, he suid, the man who “stands in” with the! Irailroad can get passes at_ the ex- ipense of thase who do not. Repeal of sthe law would put the railroads back | i s, he charged t, McHenry nyone free tray Divert flood waters an all-American canal, thus tablishing the right of A farmers to water and p. he can give from Colorado by way of Mexic . To all these hinge without a |:tion in his automobile if he and 0. rieckson, Kidder cent of cost to the government. [pointed out that if the railroads gave foo many free passe would anal have, to nppeal to the railroad board Maifor increases and could be stopped | there, 34 hoe | A motion to suspend the rules to Fed) ters aj emi inst this bill eney officers’ reaching a vote are threatened, how: ever, by efforts to invoke the rule limiting debate permit final vote on the amended bill was defeated when it failed to two-thirds majo: {ity are wis placed on jthe calendar for tod “ SENATE KILLS BILL TO STOP TROLLEY LINE ;Measure Recommended For Passage, But Senator Mar- tin Secures Posponement Efforts to aholish the “Toonervill« There are indications,| trolley™ which ‘plies periodically be- however, that the senate will accept | tween the downtown district and the the reduction, which is an amend-| state capitol, by legislation failed to- | ment to the naval supply bill, thereby | day when the state senate indefinite- placing the bill directly before the/ ly postponed a house bill which call- president. The vote ig apreerst yes-'ed for repeal of the act authorizing terday was 208 to 172, while that by| the operation of the street car by the | which the house rejected the proposal! state, Inst month was 183 to 161. | anne bill passed the house without fficulty some time avo when it | ae stated that a bus line would be | established to the capitol for the BOIS DE SIOUX the measure today, but after con siderable fun had been poked at the j bi on the senate floor. a motion by Senator W. E. Martin, Morton county an appropriation of $2,500 for main- tenance and operation of the streed car dine, so if the operation of the car is continued it must ‘be financed fication of the fourth degree of the Kolgnts of Columbus at the St. Pau' f C. club, A class of 150 candi- ted. A hanquet war | benefit of state employes and other ‘Will Be ee at Wahpeton—| that it be indefinitely postponed wa: through some other fund. which sneakers of national A cloture petition, circulated by Senator Johnson, Re- | publican, California, co-author of the dam bill; wil be voted upon tomorrow | and if the required two-thirds ma-| |Jorlty is obtained a vote at this sex: | sion on the bill itself is assured, the Johnson petition fails a vote a 40 willbe taken tomorrow on the| | Tyson bill cloture proposal. House Has Night Session Meanwhile, the house forged ahend today under a program calling up the second deficiency bill, having dis-| | posed of the proposal to appropriate | \funds now for the construction of| jthree light cruisers authorized in| 1924, and cleared its private bill cal-| | endar of 121 bills during » three-hour ht session, In passing on the cruiser item yes-| |terday, the house ignored the wishes of President Coolidge und reversed its former stand, but provided only $450,000, for preliminary work on the ships as against $1,200,000 voted by| | A measure appropriating $30,000 for! Pa ha Dakota’s share in construct- isiing a bridge across the Bois De Sioux river between Wuhpeton and Breckenridge, Minn., the first of! |several house bridge appropriation | ‘bills, was passed by the state senate | Thursday, Consideration of other bridge ap- propriations, including $75,000 for |state aid for the proposed bridge | ucross the Red river at Fargo, was! postponed until today. | The other bills would appropriate 1$3,000 for surveys of the Missouri river at Washburn and Elbowoods in prepa n to constructing bridges | at these points. The senate high-| |wava committee has killed a similar {bill for a survey at Garrison. Consideration of the Fargo bridge | requires means of transportatior Ry an statehouse, When it eur | first in the senate it was killed but | was later revived and again referred to the state affairs committee. That committee recommended passage of passed, and 17, The LE ya \ was immediately applied, as a result } Fargo Bridge Measure Held | | of which it cunnot be Teconaidered at this session, \ Over Until Today ‘The house, a few days ago wher the senate revived the measure, killed Local Men Return From K. C. Meeting Held at St. Paul Father John Slag. J. Po Wornar on? A. P. Simon have returned from St. | Paul where they attended an exemn:t bill. was postponed on motion of; fame delivered addresses. More than Senator John W. Benson, Rolette | 300 fourth degree Knights of Colum- county, over the objections of Sen-| bus were in attendance. ator H. J, Rusch, Cass county, who. by od a vote on the bill Thursday. ..| degree Knights of Columbus in North in exnlainine his motion).Dakota is planning a similar meeting ito recens until 1 eeiecs today, said) to he held in Bismarck soon when that he wished all the bi Vise appro-| Knights from all parts of the state (Continued on Page three) will be initiated. Mr. Wagner, master of the fourth KILLS HOPE OF GENERAL FARM LEGISLATION Bill Amounts to Discrimina- tory Price Fixing, Presi- dent Says in Message Value of Plant Should Be Written Down to Present Day Replacement Cost, Au-| ditor Says—Wou!'d Lessen Depreciation Charge .and Put State Mill on Competi- FINDS MANY OBJECTIONS tive Basis ' Plan Economically Unsound, A survey or appraisal by competent | engineers of the state mill and ele- vator property at Grand Forks, with | He Says—Unconstitution- the idea of writing down the value | Severs of the plant to ent day re-| al on Several Counts placement value, is suggested in the tats rtgind ‘adit made by Washington, Feb, | 25.-UP)-The -Haugen farm relief bill was v stoed today by President Coolidge, killing the last hope of general farm legislation at this session of congress. _ The president found the bill ob- jectionable for many reasons and he r branch of the ture Thursday afternoon A. G, Sort The re- ated to the house resolution had been mC. V. Freeman, - attached i Grund Forks, calling on the yevernor | opinion that the measure War uncom to file with’ the lew E | stits . port on the operation of the state | ‘tional on several counts, mill and elevator, ax required by tive that the bill's equalization fee on law In Carr, ‘ cotton, corn, wheat, rice, hogs, and tobacco amounted to discriminatory price fixing, and was “an economic | fallacy” which would not benefit the farmer, but would raise the cost of living and operate to the injury of the general welfare. He objectea ui- so to the powers to be given the pro- posed farm board under the bill, as- serting that without appeal the board could set unreasonable prices, with a legal sanction that would preclude prosecution under the anti-trust laws. He added that the administrative features of the plan alone were ‘ enough to wreck it. ruction| Economically Unsound has not} The message declared the bill econ- computing net! omically unsound since it would he contention being that! unlikely that surpluses could always u letter to Speaker John W. he executive said he had only and that it would the net loss $162,009.61 for us tha ut this ire Was, ft ing adequate pro jon on fixed and mov- the fi for dep able Interest Not ¢ nsidered The ! ued inc the “Increased production on the one *| hand, coupled with. decreased domes- By tic consumption on the other, would | mean an increased exportable sur- | plus to be dumped on the world mar- ket,” said the president. “This in turn would mean a constantly. de- creasing world price until the point was reached where the world price was sufficiently low so that, even though in¢reased by our tariff duties, commodities would flow into this country in large quantities.” Furthermore the president objected to the power -iven to the federal farm bureau under the measure. “The law fixes no standards, im- ses no restrictions and requires no tion of any kind,” he said. He di red also that members of the board “would be under constant pressure from their constituents to push prices as high as possible.” ‘To expect moderation under these ireumstances is to disregard exper- “and credit human it does not rn extent led to do so it. would be in accordance with law “The funds derived from the sale of bonds totaling $4,500,000 are therefore permanent capital allotted to the mill and elevator association \hy the state of North Dakota on which liability exists for bond in- terest only as a surplus is created. od “During the pe jthe mill has sold under ba review is of * po |floer, and using this Tigure in com: 1 Fegula flour pe the average sales price barrel we present the | Land the total barrel cost | lake por barrel for the period jending December 31, was placed ¢ iF PLARHtHTeante Be ae Book Value Too High Recommendinng the appraisal of ‘the property, Burchard pointed out (Continued on page three) FRAZIER HAS PROPOSAL FOR CREDIT BOARD ience,” he said, mature with qualities possess.” Pointing out that fhe department tice had ing up Saline aising the cost of li continue No Restraint on Board bill, if it accomplishes its will raise the price of the | Spovitted agricultural commodities to lee highest possible point and in do- ing so the board will operate with- {out any restraint imposed by the ® janti-trust laws. The granting of any such power to a government |board is to run counter to our trae the mess- ng, | ditions, the phil oxophy, of our gov- ”, jernment, the spirit of our institu- Would Create Bureau to Ad- | Hons, and all principles of equity. co “The administration difficulties minister Federal Interme- |inreized are sufficient to wreck the plan, diate Bank System The president said that he had de- lined to approve the bill because “the measure discriminates definite- “he against products which make up what has been universally considered program of safe farming.” “The bill singles out a few prod- ucts, chiefly jonal,” he said, “and proposes to raise the prices of " thowe regardless of the fact that thousands of other farmers would be directly penalized.” Would Not Benefit Farmer “The chief objection of the bill is be-|that it would not benefit the farm- jer,” the president continued. “What- The measure provides for establish- |ever may be the temporary influ- ment of a federal intermediate credit;ence of arbitrary interference, no board within the treasury department ,one can deny that in the long run which shall take over the functions, | prices will be governed by the law in respect to the intermediate credit | of supply and ‘demand. To expect banks, now vested in the farm loan to increase prices and then to main- board, tain them on a higher level by means The new board would consist of /Of # plan which must of necessity four. members, appointed. by the! itcrease production while decreasing president and approved by the senate, consumption, is to fly in the face of with the secretary of the treasury) Oy sr tay. Meee is i: Hees Acting, ex-officio, a4 CRAIERER, shows that high prices in any given vould be autho ed to divide United ‘States into. 12 intermediate) Year mean greater acreage the nest declared bin sredit bank districts and establish the ‘Mr. Coolidge the postion of credit bank within each | -teyriy involved governmental fixing ; of prices. “It_gives the proposed The credit banks would be empow- federal board almost unlimi au- ered to make loans to cooperative agri-' thority to fix prices on the desig- vultural organizations secured . by | nated commodities,” he said. “Noth- varehouse or storage receipts, ship-| ing is more certain than that. such ping documents or livestock ' mort-| price fixing would upset the normal guges. Senator Frazier is not pro-/exchange relationship existing in posing uny change, however, in the| the open market and that it would present administration of the farm! finally have to be extended to cover oan or joint stock land banks. a multitude of other goods and serv- State Oratorical | aatiea, bus slike’ so Juster aan ee Contest. Is Won By Washington, Feb, 25.—()- -Senator| Lynn J. Frazier, Republican, North | Dakota, said yesterday that early in the next session of congress he would!“ ask for legislation to transfer admin- | istration of the federal intermediate ; credit bank system from the farm/| loan board to a bureau created es- pecially for this purpose. The senator has a bill for that pur- pose now in committee but he has no hope of obtaining considerati fore congress adjourns, It the | end, Edmund 0. Belsheim | The message furthermore objected morning in the state oratorieal con-| ed under the bi Nuessle and J. marck.|-benefit of particular grou; are to held. coercive powers Hl An “Economic Felly” “It is an economic folly from ghey th } Baneery. has every right Jamestown, N. Feb, (#1—) to “thi rkab Edmund 0, Belsheim of the et a the vom of plang ting tea. sity of North Dakota won over Levijeral farm bureau “nominated test held in Voorhees chapel here by; “This lied, equalization fee is a two to one decision. {not a tax for purposes of revenue in Indges of the contest were Supt. the acces ted sense,” said the The ponies # 180, decided the veep! direct aa ) A Ra rig of Hor the vital sity, as: e place at which the district | necessities of life it represent which are being held ‘N most vicious form of pst ae Allen, president ot sade he | fa be ity state teachers col which « farmers ai processors award of giv. | temporarily ‘at the | ayenen oe . cil ge of: hemi that’ certain, sosciel grein to be spared. Larson of Jamestown college this! fa which would be eavabliahe McKenna of Edgeley, J Judge W. ‘Lj ident. “It is a tax for the Boe North Dakota this year, be | real: effect is an employment of rrS ake gold eines aay, TUT. ea North: Dakota,