The Bismarck Tribune Newspaper, April 2, 1929, Page 10

PE a tee Le ees sn By RODNEY DUTCHER (NEA Service Writer) Washington, April, 2—Reports from London of a “world oil trust” to con- trol the world supply of petroleum are interesting, if true, and not at all surprising. The tendency toward international combinations in production and dis- tribution and distribution of minerals and raw materials seems to be one of the most important factors among recent developments in world his- tory. be permanently defeated. Protracted warfare of this sort, with its intermit- Just as industries have organized nationally, many of the larger ones are now beginning to organize on an international scale. When business becomes international and foreign markets become an important con- sideration, overproduction and price- cutting in foreign lands become just as ruinous as they have often proved in our domestic economic situation. Unless the producers of one nation have a near-monopoly of a com- modity they cannot set their own price when a surplus exists. They must accept the “world price” just as the American farmer must depend on the price of wheat as fixed at Liver- Pool. * * * Now, if the oil kings of the world have organized to control prices they are only following the lead of other producers along the road to profits. Cuba has attempted to organize a world sugar trust to beat up the pricc of sugar, now kept down only by over- Production. An international arrange- ment on copper has already proved successful in driving up prices; there Ys a tin monopoly and either a pro- jected or achieved internationa! ‘agreement by the zinc interests. And quite a few more. Europe has been forming its own “Bedtime for you, Crystal!” Cherry cut a dance short, at half past ten, to call out to the quiet, pale-faced girl who had spent the evening in the room's most luxurious armchair, made super-comfortable with many cush- fons. “I promised Faith to take good care of you. Who will volunteer to carry our interesting invalid up- stairs to her room?” “I'm quite able to walk,” Crystal protested, rising shakily from her chair. She was exhausted, but more with worry over Tony's strange de- sertion than from fatigue. “Til garry her,” George Pruitt an- nounced firmly, and before Harry Blaine, who had been dutifully danc- ing with his hostess, could reach her side, she found her light body being lifted in the artist's powerful arms. “Good night, darling,” Cherry re- turned her guest's politeness. “And for heaven's sake, don't lle awake worrying over Tony. After all, the aa on the snow is entranc- In spite of Cherry's gay reassurance, George found teers entangled in the girl's thick, short lashes when he gently set her upon her feet in the bedroom she was to share with Tony ‘Tarver. “Cherry's right, dear,” he said with “You mustn't, You know how gloriously capable she is of taking care of herself!” “I know,” forced herself to smile cheerfully. “I'm just a selfish pig. And Cherry insisted so repeat- edly on our enjoying ourselves exactly as we pleased... . Good-night, George, and thank you. You're a dear.” At last Crystal was able to close But American interests have often been parties to them and will con- tinue to furnish new and important examples of combination. Our in- dustrial interests are in with Great Britain, Spain, Belgium and Jugo- slavia on the copper arrangement, with Germany, Great Britain and half a dozen others on electric bulbs. and with Britain, Germany, France and Austria on borax. No complete list of any of these international agreements is available becat RH ee American and British oil interests | many in: ces the interests ix have been fighting one another for | have refused to acknowledge them. markets and reserves for many years. Our o7 {ficial worries about such But each has proved too powerful to| agreements between other countries destroyer oF} e have only become acute when they involved some commodity important tent price wars first in one sector and |to us which we did not produce, as then'in another, have been expensive. |in the case of rubber. In such in- Ae i oP Also, it seems that the generals have | stances, of course, our government lary Golds decided, rather futile. officials have shouted because none happiness~ * * * of our own interests was in on the squeeze ‘he consumer is the goat whether ; American companies are in on an in- ternational combine or not. The De- partment of Commerce estimated that Americans paid half a billion extra dollars through the British rubber restriction scheme and attacked that along with sisal, coffee, pota: jui- nine, nitrate and other “squeezes” in raw materials which the United States does not produce. * * * What President Hoover's attitud® will be toward such control schemes as the reported oil agreement re- mains to be seen. His government policy of oil conservation in this country is announced at a time when Standard Oil, a party to the re- ported world agreement with British interests, is leading a movement to curtail production in both North and South America. Under the Sherman, Wilson and Clayton acts, our government has in the past taken action against certain foreign raw material monopolies when their ramifications in this country were of such a nature as to permit it. This article is merely a surface out- line of an important problem which deserves careful research and study the door upon him without appearing ungrateful or abrupt. She undressed as fast ‘as her trembling hands would permit, slipped into bed, and adjusted the reading lamp. There was a detec- tive story on the bedside table. She took it up listlessly. She had not been able to master nine pages of the allegedly exciting story in the hour that elapsed be- tween retiring and the faint sound of a doorknob's being cautiously turned. “Tony!” she cried, her voice shrill and tremulous with relief. “Still awake, Crys? What a beast T've been to keep you up! "s sually gay voice was sober with con- rition as she ran across the room and flung herself upon the bed be- side her chum. “You've been—crying!” Crystal dis- covered, aghast. “ do me a favor!” Tony en- hiding her face on her crooked arm. “Bawl me out for fif- teen minutes steady—a regular Peg Tarver curtain-lecture! Imitate poor old Peg's voice, too—you can!—to make it seem real!” Crystal put her arms about the slim, shaking young body and held her close. “I can't scold you for— anything. You know I can't. I'm just so awfully glad you weren't hurt ‘Wasn't I muffled and Tony’s voice came range. al's arms tightened hat are you hating yourself for NEXT: Tony explains. (Copyright, 1929, NEA Service, Inc.) ee i York, April 2.—Ambition takes twists! for instance, the ambition Volk to tear down the Wool- building. Jake, you will gather, Hl i e - d E about gee g fF other day without re- ul IN NEW YORK i “wrecker.” Pulling the Wool- jing to pieces seemed to the greatest wreck- within the imagination of ition. He probably have—at least in this in would build a Wool- Or a super-Wool- numbered. And in this struggle of architectural life and death are cer- tain Titans, little known to the aver- age New Yorker. Take, for instance, Jake Volk. His father was a Colicatessen man and butcher in Delancey street. Delancey street is a push cart center of the East Side... a street in which bar- ter is red to its lowest common denominator and raised to its highest peak. Bickering and bargaining are half the battle. * * * found himself with $300 in his pocket. He bought a horse and some crow- Anyhow, the day came when Volk THE BISMARCK TRIBUNE ' ‘ AND HIS RECORD YES AND THAT | r discover $280,000 MARRIED MAN = | AFTER Mim FOR ; , AN HORTAGE . > of our own domestic industries. sShorta mm. sap ari’ '% 150.000 — TrS- cthinge of hers mm riotoss hving~ the hi in the fly Freckles and His Friends TPE HANAIIAN (SLANDS!! GEE \AT A SUIGLL PLACE UNCLE HARRY BROUGHT ANE To— WWNERE IT'S ALWAYS SUMMER: SINCE INE BEEN BATHING IW THE SALT WATER WERE AT WatiK 1 FEEL LIKE A MILLION UKE TS IF YoU HADNT © SEEN IT: THAT CORAL BEACA Loous vustime A /Y NEQULACE GUSTENING 7 IW THE MOONLIGUT— anne. WO Ean Y L_/> NOT IN SAND! ‘TULIPS? wuo BER TOLD YOU THAT? WHY YOU-SOAK THEM FOR TWENTY-FOUR HOURS FIRST. THEN PLANT THEM IN A WINDOW-BO% OUTSIOE.2 KNOW! REMEMBER THE GORGEOUS ONES 1 MAD THE YEAR: MRS, SNOOP was tes HO WOULDN'T HVE A GROUCH ON ¢ 2 _GTARTED To DLANT SOME TULIPS IN MY WINDOW-BoX ALL: RIGHT. Smarty, THERE YOU ARES YOu PLANT THEM. T'M THROUGH TAKING ADVICE & OF SUCH A TWING.. IVE GROWN “THOUSANDS OF “MEM. FIRST PLINT THEM OUTSIDE, ABOUT TWO INCHES DEEP IN Ric SOL KEED “THEM INSIDE WHERE TS WARM - The Sensible Thing to Do MIGOSH, SAM, WHY DON'TCHA USE YOUR. HEAD? YOU'RE ALL WORRIED ABOUT NOT HES, THIS (5 MR. Gu2ztem! WHAT: (TS SAM HOWDY — AND YER DOWN IN TAMPA — WELL, WHAT LUCK? IN FLORIDAl| HAVE Ya SOINED @ Team Yer? NO LUCK eT ALL! No Team WANTS ME — BUT I'VE JUST RUN OVER HERE Ta SEE (E WALT JOHNSON WON'T GUANE ANOTHER TRYOUT = His Teams pice} WITH TAMPA \ REVERSED THE CHARGES {tf . ‘i oe rh 2 4 bars and went into the wrecking and salvaging business. At first his ef- forts were centered on the small tene- ments of his East Side belt. His first TUESDAY, APRIL 2, 1929 4 Med = big job was the old Bankers’ Trust building in Wall street. It was 22 stories high, and quite new as build- | ings go in New York. The speed with which he levelled it made him a reputation. dake believed in an odd sort ‘of rant Lighter Plates _ , >for Ele Cells