The Bismarck Tribune Newspaper, August 23, 1927, Page 8

PAGE EIGHT CHAPLIN PAYS/FOUR BILLION DOLLAR CONCERN IS BIG PRICE FOR MARITAL PEACE Settlement With Lita Prob-! ably Cost Actor Over a Million Dollars ngeles, Aug. 2 ey fashion an 1 of divorce, probably cost| in excess of a million dol according to the property troduced at the court hearing and ‘a from the trial rges concerning “prominent mo- tion picture actresses” which spiced | her divorce complaint, will receive $625,000 of the million dolfar total Trust Fund For Sons | To the small sons placed in the | wife’s custody goes a trust fund of $200,000. Othe: Mrs. Cha separation i | estimated rec $60,000 to} be paid for the Chaplin boys’ support | during the next five years while the | trust fund is being provided, $17,000 in interest to Mrs. Chaplin on delay. ed payments, and the $14,000 alre: paid in temporary alimony. i These, with miscellaneous items, swell the total to $950,000 not count ing the comedian's attorneys’ fees and the cost of preparing for the} trial. Since out of the wife's 600 comes almost $100,000 in utto: neys’ fees, the actor's quintet of counsel iv expected to receive no less amount. outset} which $10,000 since Terms of Settlement Under the terms of the property settlement, Mrs. Chaplin will receive MM) at once, $100,000 September 1928, another $100,000 a year later and the closing $50,000 the following | year, The principal of the $200,000 trust fund will go to the children) when the younger reaches 35. The million dollar prize paid by! Chaplin for domestic freedom does! hot include the loss of a ye: ou his unfinished picture, * cus," a fact@r that would run into huge sums in delayed receipts and| production coasts in gathering his cast together again. McLean County Man! Pleads Guilty to Statutory Charge Earl Wells, 31, of McLean county, pleaded guilty before Judge Fred Jansonius to a statutory offense this morning and was sentenced to a te’ of from one to three years in the state penitentiary here. Wells was arrested by Sheriff Ole S! Washburn» Monday afternoon and after a few hours’ questioning by the sheriff he admitted his guilt and sivnified his willingness to plead sruiltw to the charge. brought to Bismarck today by Sheriff Stef- serua and State's Attorney R. L. Fra ser Since Stefferud and Fraser went into office in McLean county the firs of the year, about 40 arrests havi been made there on charges of vari- ous kinds and pleas of guilty have heon made in every instance. This ix considered quite a record and has saved the county thousands of dol- Jars in court expenses. Will of Elbert H. Gary Filed Today 2 Mineola, N. Y., Aug, 23.—()—Th residuary estate of Elbert H. Gary. chairman of the United States Steel corporation and one of Ame 's dominant business leaders, is divided equally among his wife and two daughters under the terms of his will filed here today. Mr. Gary died in New York city August 15. ; The value of the estate was given formally as “more than $10,000 in real and more than $10,000 in per- sonal property,” but the will provide: specific bequests of more tha $2,000,000 including trust funds of $50,000 each to eight educational in- stitutions. He left $800,000 each to his two daughters; Gertrude Gary Sutcliffe and Bertha G. Campbell; and $300,- 000 to his granddaughter, Julia Eliza- heth Campbell: to his widow, Emma . Gary, he bequeaths “Ivy Hall,” tne tary home at Jericho. ‘A bequest of $50,000 was made to the Methodist Episcopal church of Wheaton, Ill., known as the Gary ,Memorial church, and $50,000 to Me- ‘Kendree Coliegt, Lebanon, Ill. AUTO TAG CONTRACT LET Contract for 180,400 automobile li- cense ,tags to be used by the state motor’ vehicle registration depart~ ment in 1928 was awarded today by the state highway commission to the West:rn Stamping company of St. Paut on its bid of $17,680. The color combination for the 1928 tags has not yet been determined. 30x3% Cord Tires $5.95— Giaaranteed 8000 miles. Gam- ble Auto Supply Co., 222 Main Ave., Bismarck, N. D. Too Much “Acid?” Excess Ee Acid Giese Ries 2 le megche Sas Passat ee ad fer as | common financ |*Annual earning: | No. of stockholders \ tefferud of; "IN PROSPECT IF DU PONT INTERESTS COMBINE WITH U.S. STEEL AND C. M. G | | ‘ ‘terests, buying 114,000 shares out o | Earnings, Based on Present their surplus funds, have | ‘ ‘effected a profit of ‘about $1, Records, Would Total Near- on the subsequuent rise of the ly a Half Billion Yearly— Made Much The soundne Death of Judge Gary Ex- surplus funds. in questioned, The ca pected to Speed Action on to the du nt entpy du Pont Plans foney Motors, excey their holdings 0 resent nearly outstanding. ‘stock is spr give th The has also pr brought t proxims seven. 4 t an aver of ently wide to ual control, Motors investment nd one. It has “ofit of ap- Editor's Not This first of as jes of five Hing what would happen in the finaneial and industrial world if the ramored combine of U. 8 steel, General Motors and the Pont interests BY Financial Editor, th R we was. pur: ge price of $46 re; it fron Trade! $200 a share. Different Pol'cies Doutless the du Ponts, are seeking at poration, have been prompted to such y the results obtained in ad- ion of General Motors. af- This concern has become a Veritable giant through the linking p of numerous motor car companies ith m industries und the formation of As comp the ultra conservation nd the course of the ion. Here are two of the world’ largest companies which have b sibility of rrigantic, over industrial combination is nnoun| nt that the ont interests are ac- ve holdings of United eel Corporation stock, ju Ponts already own a cons trolling interest in two other indus | tria i s. 1. du Pont de Nem Company, and the Gen | orporation. ct or indirect linking of - units under one if they quiring Stat ment would form a community of in- terests of staggering proportions,| under policies almost exactly even in this day of fabulous figures.| posed, The Steel Corporation Whether or not this is the ulti-|Giversified its activities, only so mate aim of the du Ponts remains ts been absdl¥telge=mecessary. to be divulged, n its expansion plans, along lines Death Sped Plans ly engaged°in have been con- The d h of Elbert H. Gary, chair- i man and guiding genius of the Steel Corporation since its birth, undoubt edly has speeded whatever plans the du Ponts have with respect to that great industrial, At the present time the du Ponts own less than 2 t of the out standing common stock—about 114,-} WHAT GIANT COMBINE WOULD ME. This table shows what the projected General Motors-U, 8. Stecl-du Pont combine would mean in dollars and cents, The first three columns of figures show the present status of the three compunies;. the fourth column shows what would happen if they merged.” General Motors. __ du Pont. U 2,118,600,000 —$617,700,000 258,000,000 49,000,000 78,416,000 42,000,600 1,058,000,000 49000,000 20,918,568, 15,000 a 98,000 89,341,000 192,000,000 920,849,001 op- has re servative. Tangible advantages of an alliance between these two giants would ¢ throueh le by U Steel to eral Motors of its steel product: S General Motors, now buys its aints and lacquers for automobiles from the du Pont company. In the main, however, the corpora- NIN DOLLARS Totals. $3,774,316,000 . Steel. $868,583,000 83,000,000 74,800,000 1,508,000,000 * 467,400,000 213,200,000 500,000 477,000 100,000 254,000 143,703 927, Total capital . Dividends Surplus Working 346,300,000 25 69 17, *Annual rate based on return for firs |000 shares. This is not enough stock! tions would be ti ‘of itself to justify any implication strongest of bonds—that of capital— of attempted control by the du Ponts., but their respective interests and However, it is sufficient to indicate | pursuits of their particular busingss- an important interest on their part!es would remain distinct. o in the affairs of the corporation, | ———— (ote, at steven eeent or Fact Finding Group to Make New Report death. It is well known that for some years the powerful interests in financial control of the corporation Grand Forks, N. D., Aug. 23.—@)— re S. dt Members of the senate fact finding a likely, F 7 {committee today were preparing a re- had been deeply pondering the ques- |tion of his successor, Pierre S. du port and recommendations regarding the operation of the state mill and Pont has been considered sugcessor. The combine of the du Pont in- here, which report will be public probzbly Wednesday. This will not terminate the work 07! t half or 1 ed together by the terests with U. S. Steel and General Motors, if eventually effected, would! have tock capitalization—-based on stock market quotations of the three companies—of approxémately 000,000,000. There has been no © | similar imposing industrial structure lin the history of the world. The combined capital is four times the | figure. offered Henry Ford recently for his gigantic enterprises, \ The e-way combination would have annual earning power 0! more than $500,000,000 annually. | Ba on re of ‘the companies for last year, nearly — $200,000,000 would be paid out annually in divi-{ dendé to more than 210,000 stock- holders. H. B. LOVE Doctor of Chiropractic Palmer School 3-year graduate Examination Free Eltinge Bldg. Bismarck, N. D. an Huge Cash Resources | The combination would do an an- nual gross business of more than $2,000,000,000, and would have tre-| |mendous cash resources of about $500,000,000, including cash and | securities listed at their book valu- a‘ion, | | Appraisal of these securities at | their current market value undouubt- edly would more than double t | figure. for the du Pont Corporation| carries its General Motors holdings | on its books at $300,000,000 under the market valu ! Wall street, its imagination stirred j by the vastness of the picture, is deeply bitten with curiosity as to the du Pont plans. Is this amazing | family seeking to put a finger in the pie of control of the U. Steel Cor- poration? Or does the purchase of ‘the stock represent merely a shrewd \investment of ever-growing surplus j funds, amounting now to approxi- | mately $50,000,000 annually? The Federal Trade Commission is also curious and has ordered ai vestigation into the stock relation- ships of the corporations. If, as is possible, the stock pur- chase is nothing more than an _ in- vestment, it has already proved i self a shrewd one. The du Pont in- MONEY TO LOAN On Bismarck im; '. silcoagr Property. Prepayment privileges. PRICE OWENS ELTINGE BLOCK “Great Stus®” misses one !' Kills every fiy, mosquito and ant that gets in—end other at: ” and C. i governor a month ago and. will ~ i bring th ris rendy |, 10,000 stock. | | Pe eee au to connect with the Del- The Canadian side of their employing | th is under contract but nothing has manner is un-| per cent of the stock | the} P- in the past) is now selling well above/one entered into two years ago and ol of the Steel Cor- | ,|roud to St. John. |term, Sept. 5-12. Write F. L. Wat-: j templated. + Jor the committee, hcwever, as the’ members plan to present a new report | when the state legislature convenes |Canadian side. in 1929 covering the situation at the j mill and elevator’ down, to that time. The report which is being prepared ‘today will include the salient fea- |tures of that which was presented to this fall. Other Connections Planned Other connections and ments scheduled are: situation down to date, it underftood. ’ Governor Sorlie left for Bismarck ast night after spending the day in! onference with the members of the committee. tract thir fall. highway. 5 Road Connections Agreed on Between N. D. and Manitoba contract this fall. Agreement whereby five road con-! Manitoba officials nections will be built between North jmeeting were W [Dakota and the province of Mani-/0f public work toba, Canada, was concluded at a meeting of Canadian officials with !°! the North Dakota state highway com- | 0" chairm e fission tatay, |municinality of Morris. The new agreement been done in North Dakota. A. _McGillives supplements \is practically the same with a few chan, r id of a connection at St. John, as originally planned, a connection will be made by going straight north from Rolla instead of jogging west- ward to St. John as originally ‘con- It was agreed that it! would be easier and cheaper for the federal immigration and customs de- partments to move their offices to the new connection than to route the The road through | frouble, fever few of Arsen in each nostril MANY OPENINGS | FOR WOMEN Dagny Sherven was recently em- ployed by Reo Automobile Co. as! office woman the day she graduated from* Dakota Business College, Fargo. First Guaranty Bank, marck, has ‘‘taken on’’ .” Tillie: Schroeder as bookkeeper. Better | still, D. B. C. ACTUAL BUS- | INESS training (copyrighted unobtainable elsewhere) has far- | reaching results. 42 women grad- ; uates have become bank officers; hundreds are office managers, court ' stenographers, private secretaries. ' “*Follow the SucceS$ful.’” Fall concerns msurance this. agency can advise you. MURPHY “The Man Who Knows Insurance” kins, Pres., 806 Front St., Fargo. | Guaranteed Vulcanizing and Tube Repairing We also call for and deliver. Tire Service. that sérves. A. & M. Tire Service aS 216 Maiw ‘Bie Broadway Phone 577 BISMARCK, N. D.- ’ SYSTEMATICLUBRICATION Nuinber Fife of a Series What is Pennsylvania Crude? Lubricating engineers and oil ex- perts recognize one type, or grade of oil, as having outstanding ability to stand up under the heat of service— to maintain its viscosity and protec- tive quality even under the exceed- ingly high temperatures generated in the engine cylinders. This is lubricat- ing oil refined from,. Pennsylvania grade crude. Pennsylvania crude comes from western Pennsylvania, southwestern New York, West Virginia, and south- eastern Ohio. It is the original crude oil discovered and developed in this country. It is a pure paraffine base oil. Pennsyivania grade crude is strictly limited in quantity, as well as to source. ‘The production of the Appalachian field, from which this oil comes, is only 2 to 3 per cent of the total production of the country. This old must be pumped to the surface, while’a large proportion of other oil comes from “gusher” wells. Pennsylvania grade oil wells pro- , duce less than a barrel a day. on the average, while “gusher” wells of 10,000 barrels daily production are not uncommon in other fields. "Permit No. 657 - "| Arthur Haas & H, J, Helis, In Cha Rolla would connect with the Killar- ney highway, already built on the The North Dakota tside of the project will be surveyed improve- Pembina to connect with Emerson, Manitoba to put its side under con- Sarlee to connect with the Crystal highway, Canada to start work ar and North Dakota to sur- Westhope to connect with Melita, The North Dakota side is built and \Manitobi will place its side under attending the R. Clubb, minister ‘highway commissioner; W. A. Lyons, Ichief engineer, and C. L. Stone, reeve chairman ‘af the board of the eens STATION , | ‘ would remain on world market basis 998," ‘ World Wheat Market|r- Situation to be Less|,, 7 cry-over ot, od wheat into Favorable Next Year than this season’s carry-over, said the report, but there is a tendency Washington, Au : normal conditions for seeding and to continue to expand wheat areas not only in the United States but average or better than average yields in important producing countries, the also in Canada, Argentina and Aus- world wheat market situation next tralia. * year may not be as favorable for The Gamble Auto Supply Co. marketing the American export sur.| Of Bismarck is open for busi- plus ae it is how, the department of| mess. You can now buy stan- bfigisy ray today in its outlook dard qualit automobile sup- The probabili plies at mail order prices and said, were “that save the transportation. 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Call us for appointment. , aby “Human labor, all its forms, from the sharpening of a: to the construction of paged or an epic, is one illustration of perfect compensation of the universe. that has its price—and if : Price i not that t! but some- any wil it is not. less sublime in the columne of @ ledger than in the budgets of states, in the laws of light and dark- nexs, in all:the action and reaction of nature.” Thus Ralph Waldo Emerson exalts one of the fundamental laws that govern industry. “The absolute | f Give and Take, the doctrine balance of Give , ‘The entire business structure of the Standard portion to the ‘absolute balance The, concern of the Company i “Give”? "Tes the law ofthe univere at act ratio to the service rendered. fh te Ce The law of compensa’ proces ble the high i held from the why 1ohG 401