The Bismarck Tribune Newspaper, July 18, 1928, Page 8

THE BISMARCK TRIBUNE MEMORIAL IS _| BEFORE COUNTY. BOARD FRIDAY Regan Legionnaires Want ‘RAGE EIGHT NEW TAX LAW " “CUISRATEON | 27 a9 | STATE BANKS| | ry € Only Small Amount of Stock, Capital and Reserve Are WEDNESDAY, JULY 18, 1928 SOLDIER'S KIN FOUND DEAD Mother and Sister of General O’Ryan Asphyxiated in Brooklyn Apartment i $6,000 of Fund to Build Hall aa, ! gal at That Village New York, July 18—()—Major ’ Only $2, 4 General John F. O’Ryan, commander : ly $2,936,541 of a total amount ' of the 27th division in the world ; i8 i Burleigh county is certain to week bac heer cuainiiea erst have a memorial to the soldiers and Piel today found that his mother, of $17,768,473.95 will be subject to others who served the United States irs. Anna O’Ryan, who had been rT a tax rate this year, according to in the World War, but the count foissing several days, and his sister, an announcement made today by T. commissioners are confronted witl irs. Annie ee ee. H, Thoresen, atate tax commissioner. the problem of where the memorial iated in the daughter's sapartmen' The tax commissioner's office re- will be constructed. in Brookl: ‘ cently completed a certification of all Norti ota banks to determine the taxable amount for this year. “In 1927 the 100 per cent assess- ment for bank stock in this state, as certified by the tax department, was $7,216,001,” Thoresen said. was before house bill No. 80, passed by the 1927 session of the legis! ture, exempting surplus of ban! from taxation, became effective. This year the tax commissioner's of- fice finds that the 100 per cent valuation thereof for all counties will amount to $3,892,105.92, and a taxal value of $2,936,541. The total amount of capital stock, sur- ong and undivided profits reported y the banks of the state, as of al 1, 1928, is $17,768,473.95, of ich only $2,936,541 will be subject to @ tax rate for taxation purposes, after allowing deductions for other = property and the exemp- ions, Effect Evident “Effect of the bill is just begin- ning to make itself apparent. The law, passed at the instance of the state bankers’ association, took ef- fect July 1, 1927, but this is the first year it is applicable to the as- sessment of bank stock. ie law exempts from taxation the surplus of any banking institu- tion in the state to the extent of the amount of capital stéck. The full effect of the law will not be felt this year, due to the fact that many of the have not been in a position to claim exemption of the full amount. oA surplus to which they ere ent 5 “In Burleigh county the total eapi 8 » surplus and undivided ital stock, i id undivid fits of the banks is $466,968.55. pon this they will pay a capital stock tax upon a valuation of $103,048, “In Cass county, with capital stock, surplus and undivided profits o! $2,223,554.81, the banking institu- tions will pay a tax on their shares of stock: valued at $504,62. In Grand Forks county, with a total valuation of $1,081,784.38, they will per taxes on the share: of stock lued at $97,679. “In Stuteman county, with capital stock, surplus and undivided profits amounting to $647,784.95, the banks ‘will pay a capital stock tax on the valuation of $121,293. In Stark county the banks have a capital stock, surpl ind undivided profits of: $074,006 ipon which they will vay 8 capital stock tax upon the valuation of $123,839. “In Ward county, with capital stock, surplus and undivided profits as $776,481.70, the banks pay a tax on the capital stock ‘SPEED EVENTS ARE PLANNED A program of sports and races is being planned for the Bryan Speed- way Labor Day program September 3, by the committee which had charge of the purchasing of the city ball park for the city, W. S. Ayers said today. Arrangements were begun yester- day when the committee secured the use of the track for the day. A stock car race is the big event included in the preliminary plans for the day. The committee in direct charge, made up of W. S. Ayers, N. O. Churchill, and John Spies, ex- valuation _of $132,335. Exemptions Large “In some counties the capital stock, as reported after deductions and exemptions have been taken, has no taxable valuation. The total ex- emptions granted to the banks this Pig Fy due to the new | .w, amounts ,496,978. Figuring the average ‘tax rate in the cities and villages at 50 mills, the amount of taxes which the banking institutions «- “he state have been relieved of for 1928 will amount of $224,000. “Inasmuch as the total amount of taxes to be levied is a fixed and as- eertained amount, this simply means that the $224,000 must be carried by the other t-xpayers of the Miore secure financial institutions. : “This it undoubtedly will do, but at the expense of the oth r taxpay- the state. For every special that is granted to any class 1 Someone else must make deficiency, and it seems tather a poor economic icy to take a burden from one Tiace it upon another class is even i:. worse condition than class benefited.” . aus pect from 10 to 15 local automobile dealers to enter their cars in the special race. Tugs-of-war, foot races, and other features are being considered for the program, Mr. Ayers said. The pro- ceeds will be used to complete the $4000 sum necessary for the pur- chase of the city ball park, which is being dedicated tonight. The drive for funds fell about $400 short, it is said. The full committee in charge of the program is made up of members from the city service clubs. CHILD KILLER DIES IN CHAIR Boston, July 18.—(AP)—Nathan Desatnick, 25-year-old Dorchester fruit peddler, died in the electric chair at the state prison eatly yes- terday for the killing of his illegiti- mate child. He was convicted as an_accessory before a murder. Desatnick went to his doom re- pratiog in Hebrew after Chaplain loses L. Sedar portions of the Twenty-third psalm. In deference to the chaplain the THAW GOBS TO SICK MOTHER New York, July 18—(AP)— . Thaw, who was recently from England, returned y from Paris on the liner France indigna: e Brit- ish immigration authori His princi griev: illiam Joyn: a Sir on-Hie! home secretary, who issu: wre. its magna charta hig. ied by Mc Richmond, Vas. who lion had 3 & 5 g i itis ive a7 at ig ‘to iJ fT witnesses all wore their hats. Desatnick left a letter addressed to “Jewish young men and women,” blaming gossiping neighbors for his troubles. “I have been ashamed of my illegitimate child that I didn’t want to take home,” he wrote. Max Man Elected Head of Carriers Fargo, N. D., July 18.—()—Carl Bauer, Max, was elected president of the North Dakota Rural Letter Car- riers association to succeed H. B. Curtis, of McClusky and Milton T. Hefty, Walcott, was elected presi- Jardine Ill Gounoe? ae Tho we were dent of the North Dakota division of the National federation of district postmasters af the closing session of the annual conventions here today. After voting during the forenoon to hold their 1929 convention at Mandan, the rural carriers rescinded this action and voted to hold it at Devils Lake. The postmasters the North Dakota branch of the Na- tional federation of postoffice clerks also will hold their annual conven- tion at Devils Lake jointly with the |carriers. The.dates have not been set. Other officers of the rural carriers are: W. E. Jones, Kenmare, vice president; A. C. Seeley, Fargo, secretary and William Weeks, Jr., | Mott, treasurer. (FULL RATE T0 GET HEARING Hearing will be held at the state capitol September 4 to fix prices for the intrastate transportation of fuel, according to an announcement of the state railroad commission. The commission will investigate the rates, charges, practices and rules and regulations of all carriers and railroad corporations serving the state and applicable to the intra- state and interstate transportation of fuel, the announcement said. Several hearings have already been held in various points of the ; State on the matter, but the com- mission was unable to decide the matter satisfactorily. DON'T WANT MANAGER Huron, S. D., July 18.—(AP—| for cinema work on his own, apart $1.50 values for 99¢ each. : Vv defeated al ti bl wane ‘OU HAVE heard about the cooking-wonders city manager form of government,| som its now de screen Heaty| Limit: 2 toa customer. Webb made possible by the Reliable Gas Range with 1,570 to 428, Falaise. Brothers’ Closing Out Sale. Lorain Red Wheel. Now come and sce this : Magic Chef cook and bake automatically. De Luxe Delivery powered by the PONTIAC Four wheel brakes « ; s Improved; new series Pontiac engine .. . Ventilated crankcase. ss Duco finish ... Modern in all equipment «s+ Only vast resources make'such values possible! Fleck CK A TRI ALWAYS INVESTIGATE WHAT GENERAL FOR EVERY Though the county commission- ers tare not officially levied the tax of one mill, which means §21,- 000, for the memorial fund, they included the tax in their preliminary budget July 9 and have had no ob- jections to the levy from taxpayers. he went to his sister’s apartment and found the bodies, -Mrs. McLeer was the wife of Lieutenant Colonel James Crooke The commissioners had a special McLeer, who served under General meeting this morning to hear pro- ae overseas, They were mar- t tests from taxpayers inst any of ried in 1925. ; the proposed levies. They will take ; definite action on the levy tomor- Have you been at Webb Bros’ Closing Out Sake? If not, why not! i i WANTED Men add Women We offer an onal oppor- tunity to one end earnest row. ‘ Nine members of the Quentin C. Roosevelt post of the American Legion, Regan, arrived in-Bismarck this morning to at that $6,000 of the memorial fund be used to erect a memorial hall at Regan. Regan to Be Ai Harry Rosenthal, chairman of the petz post committee which sponsored the drive for the memo- rial, this morning sfid that the Bis- k would aid the Regan Pp in’ their fight for a Lied of the iw memorial fund if the law allowed sell us. either thet town to # the Daspietttil so al in two Full Time laces in the same county. PrRosenthal and the Regan delega-| Pretty Ethel Jackson has earned ca $750 in the last two years as a S He rtly after noon to ge! inter- . i y, Hollywood si er. lew mont pretation, of the law allowing the| ago she was graduated from the extra s into small parts and seems ron sae -wusteces ¢ Inrtetenen construction of county memorials. on the main highway to stardom. Cards, individually monogramed, The memorial must be built in one how jin almost universal use city of the county, according to the the Alfred Patton farm; L. S. Mac- Puciusen wroteosional an octets attorney general’s decision. Twenty-eight Legionnaires and. 48 members of the auxiliary at Re; are represented here iy. Aune, Otto Uhde, F. C. Uhde, ab. Gill, G. E. Brennise, A..L. Garnes, 4. H. Helgeson, A. F. Tout people. 'e pay large commis- sions in cash every day, also lib- eral monthly bonus, and will tm- mediately furnish everything necessary for you to do business with free. Write me personally at once as follows: Farm : Managers Donald farm, where a big hitch monstration was staged; and at See ions | de Demonstrations the Arthur Sparling farm where the coal ty ateph .| managers were shown his method of cal uely Sanden the "North: controlling quack grass, rotation of . He geson, rth west Farm Managers tour entered and experiments with commer- Mgr. Dept. 51 and A. H. Lundberg. Tourtlotte, Tey fourth day by visiting ferme in cial fertilizer. The Process Engraving Ori; I Plans Cavalier county. . ‘Sac, v Original plans for the memorial] Three Co., demonstration of good|‘ Adhesive Bala bd stamps were in- farming were staged in Cavalier | vented in land Coase Chal- community building in Bismarck to|county his morning. They were at| mers of Dundee in 1 be used as an armory for Compan: A and headquarters company, vari- ous county agricultural shows, a las m jum, and a. general utility building. It is belic that a full basement, with a temporary. roof, can be ‘built Troy at 2lst St., Chicago MINOT BOXER MEETS GORDON ( with the $21,000 which will be avail- Minneapolis July 18.— (AP) —| able soon, leaving the completion of Herman Ratzlaff, Minot, N. D., mid-| the building for a later date. dleweight has been signed to box} Exwservicemen have in mind’ a Joe Gordon six rounds in the semi-_ building 100 by 150 feet, with. the windup to the Humbeck-Mandell 10-| basement providing. committee ee July 26./ rooms, 8 kitchen, dining The Minot fighter had about} rooms paraphernalia rooms, and a 60 fights, losing three the early okt large drilling room in the center. of his career. He holds decisions O’Shea, lorrie round bout in Minn offices, | over Bob! and M i Green of Minneapolis, and claims to \ have had Morrie on the floor twice | for counts. Humbeck and Tommy Burns, former heavyweight champion, will arrive Monday. GIVEN FAMILY arn air New York, July 18—(AP)— Hi oo Rep A Howard Elliott, chairman of the Rush Passing board of directors of the Northern bequeathed the bulk of hs ertate of Pre - threshit harness repair lea es rushes are a thing of the past Row | several million dollars to his sen, because tractors have replaced Fe ee thter, Mrs. horses quite generally in North Da- e bridge, kota farming, A. B. Reif, local| Mass, and two grandsons, harness-maker, said today. PUZZLED BY TUNE A few years ago, during late Jul: and early August, farmers in the| NO" Yor, uy 18s Hugh, Ken, district brought all their harness in| Seat. “Was puzzled by the familiar- igen for fall Zags se by. a welcom- fo y it, ‘s for repairs in work, he said. work is done in the spring now, mak- ing most of the repair work neces- sary early in the year. MARQUIS _IN MOVIES Los Angeles, July 18.—Hankie is in the movies now as well as Gloria. The Marquis Henri de la Coudray de la Fal has signed a contract it st _of the horse-| ing band. He could nov identif; pa aoe f Fayed is Oe wi wi falker AE ecient Dublin.” It idewalks of New York.” Thursday, (tomorrow), at 9 large size, 72x99 famous Come and Seethe Magic Chef MOTORS HAS BEFOKE YOU Rex Theatre, July 18 - 19 - 20, at 2:00 P. M. Some of the many valuable features of the Reliable Ss a ao ie line are: rounded splashers that add to the cook- Wes : door handles; concealed manifold on some models; concealed hinges and flue-connections; new Gas Ranges with LORAIN mt DPE meen slats 94 ttn Br row, and don't forget the church registration. : Ea FROM 2:80 TO 4:30 SALADS HOW TO BROIL A STEAK LonAtN TouATO STEAK WAX BEANS AU GRATIN ao im , Dive Will Open 2 P. 3. a Consolidated Utilities Co. _ Mrs, Hazel Linebaugh, Director in charge Or — 6-cylinder truck was ever offered *585 Motor Sales, Inc. o PURPOSE PURSE AND