The Bismarck Tribune Newspaper, April 17, 1929, Page 3

WEDNESDAY, APRIL 17, 1929 [ at Gis of on Roman ater | HTY COMMISION CREDIT CURB EFFORT PLAYED IN CONGRESS BY REPRESENTATIVE Federal Reserve Board's Actions Attacked as ‘Fraught With Destruction’ —~ ‘Washington, ‘Aprit 11.—()—The first attack on the floor of the house against the federal reserve board’s ef- forts to curb extension of credit for speculative purposes was mad¢ today by Representative Black, a New York Democrat. Having obtained unanimous con- sent to speak on the subject, he launched into a vigorous assault on the board, declaring its “whole course of dealing with the investment sit- uation has been fraught with destruc tion, accomplishing no substantial benefit.” “A great many American investors have been denied the right of owners to profits by the arbitrary action of the board,” he said. “It has not suc- ceeded in being a stabilizing force, even in its own legitimate area. The fluctuation from 8 to 25 per cent in interest charges is not proof of sys- tematized credit conditions.” » “The board is within its rights when it directs the banks of the reserve system in their credit operation,” he held, but it “oversteps itself” when it “directs the owner of capital not to It was a proud moment for Premier Mussolini and Italian archacologists REORGANIZES AND ~ ASSIGNS BUREAUS Larson Made Vice President of Board; Humphreys Given Police Department The city commission reorganized, Tuesday evening, as the result of the recent re-election of Commissioners Wachter and Humphreys and of Mayor Lenhart. The reassignments to departments were as follows: Commissioner French—Finances, | revenue, fire, city scales. 1 Commissioner Humphreys—Police, traffic, strect lighting. Commissioner Larson—Waterworks, swimming pool, building inspection. Commissioner Wachter—Sanitation, highways and sewers. Mayor Lenhart—Health, poor re- Nef and auditorium. Commissioner Larson’ was elected vice president of the commission. The commission concurred with the park board plans for creating Hillside park, by vacating the tract as a por- tion of the Flannery and Weatherby addition. An order was made for the con- struction of a private driveway for Dr. R. S. Enge on Avenue B between Second and Third streets. i Plans and specification from the city engineer were called for on the But She Married | Gold Either Way! | > Betty Kammor, comely Philadelphia model, says she married a man who suggesting the appointment X a spe- called himself “Martin Gold.” But he is not Gold who glitters with a half-million dollar fortune—he is, the PLAN FOR REDUCING WORLD ARMAMENTS IS GREETED COLDLY}, Soviet Project of Agreeing Now on Reduction Figure Re- jected at Geneva Geneva, April 17—(4)—The soviet Plan for reducing world armaments, presented the preparatory disarma- ment commission by Maxim Litvinoff, vice commissar for foreign affairs, got a chilly reception today. Even Germany which has constant- ly protested that she had been dis: armed by treaty and that other na- tions are not living up to their promises to lessen their own superior armaments, felt it was unwise to en- dorse the Russian idea of agreeing now upon the figures of reduction. Count Von Bernstorff thought this should be left to a later internation- al conference. At the same time how- ever, he gave hearty approval of the principles of the Russian plan. Three Reject Project ! Japan, Chile and France all reject- ed the soviet project as impracticable because they contended it failed to take into consideration realities. The Germans are hesitating about | | cial sub-committee to discuss the naval problem though it may do so displacement of 14,000 tons. Had Four Points The soviet proposals he explained as having four points: First: Reduction instead of mere Umitation of armaments. Second: Extensive redus:ion of the countries armaments while purely defensive ar- maments are left untouched. Fourth: Consolidation of peaceful Positions of the nations. He called attention to the limit of 10,000 tons set for German warships by the allies and said their action Proved that size was as large as was needed for defense, and small enough THE PICTURE OF 1001 when they take the sea will have a/| to restrain warfare. Jim Tully and Wife to Dismiss Divorce Suits Los Angeles, April" 170m Tully, author and film writer, and ‘his ty a ak tee later, One idea fs that this commit- of American business.” Had the board “lived up to its dis- claimer of Feb. 28, that ‘it disclaimed both the authority and desire to set itself up as an arbiter of security request for grading and graveling an alley extending north and south and one extending cast and west in Block 17, Riverside addition, and also for a concrete gutter. A dance permit, subject to ratifi- MARVELS! Hit the trail to the greatest of all romances adventures! as this flag was placed upon a bit of wood projecting from the waters of Lake Nemi—historic “Diana's Mirror"—in Italy. For here you see success crowning their efforts to recover from the lake the luxurious galleys of Emperor Caligula of ancient Rome. At the order of Il Duce, engineers have labored for months to drain the large lake and bring to light the craft which have lain for centuries on the bottom. bride now charges, Martin J. se | brose, wealthy Philadelphian. Ham- Zz ee eae brose contends it was a case of mis-| General Alexander La - taken identity. The courts were called | sian mil ry expert, in cereanike eitd upon to decide. explaining his country’s proposals, IN speculations or valucs,’” he continued, “industry and agriculture, as well as the federal reserve board itself, would be more secure.” The New York ‘stock exchange, he said, by its extensiye information and communication service, has “eliminated all the past tense ele- ments of speculation,” and has “served the country efficiently.” “Those who advocate the govern- ment’s stepping into the stock e: change,” he declared, “ that the government shall enter into all business, This is not the theory of our democracy and it is far from be- ing a dogma of the present dominant political party.” The advance in the price average of 50 important stocks since 1920 has amounted to 80 or 90 points, with the present level less than 240, he said, “so the stock advance of the last eight years is considerably less than the increase in general income.” LIQUOR SELLING AND SMUGGLING PROBED Scores of Federal, State, Coun- ty and City Enforcement Officials Quizzed . Detroit, April 17—()}—Liquor sell- ing is today the subject of investiga- tions or trials conducted by federal, state, county and city enforcement agencies. The Detroit police trial board has before it the cases of Captain Joseph A. Burkheiser and Sergeant Edward Shaw, accused of cooperating with the rum runners to prevent seizure of liquor laden boats by federal author- ities, and also accused of converting seized liquor to their private use. In federal court 12 former United States border customs patrol inspec- tors face trial on charges of accepting bribes from “importers.” Seven form- er inspectors have pleaded guilty to the charge and one has been convict- ed and given the maximum sentence of two years in the federal peniten- tiary at Leavenworth, Kansas. Nine- teen alleged rum. runners are under indictment for giving bribes to the in- spectors and face trial if they can be brought. back from Canada whence they have fled. Federal officials are trying to learn what became of 365 rum_ runners’ boats that disappeared after they were seized while in the act of smug- gling liquor across the Detroit river from Canada. It has been asserted that rum run- ners employ speed boats that literally “run rings” around slower United States customs patrol boats and land eee at Detroit docks in broad day- New $150,000 Adams County Court House Dedication Planned F community - hich will be for wi son Prepared an airport. Officers of the club follow: W. E. president L BRITISH ELECTION IS AROUSED BY ATTACK ON BALFOUR'S NOTE Labor Government Chancellor Says Party Never Approved Status of Debtors London, April 17.—(#)—The British general election campaign was en- livened today with repercussions of Philip Snowden’s startling attack on the Balfour note, which fixed the Status of Britain’s war debtors. Snowden, who was chancellor of the exchequer in the labor government of Ramsay MacDonald, said the Labor party had never subscribed to the Principles of the Balfour note, and would hold itself open, if circum- stances arose, to repudiate its con- ditions, The answer of the government and an affirmation or disavowal by Ram- say MacDonald were awaited with ex- treme interest today, since the admit- tedly strong position of the Labor party made its views on such an in- tegral part of Europe's war debt structure as the Balfour note of ex- treme importance. Snowden's speech was made in the commons yesterday in the course of an attack on the budget proposals of ‘Winston Churchill, present chancellor of the exchequer. The Balfour note, handed Britain's war debtors in 1922, stated that while Great Britain would have been will- ing to forego all claims for repara- tions and payment of interallied debts in a universal settlement, she would be content with collecting from | Bill Klitz and his Melody boys. cation by the state's attorney, was granted C.L. Lindebergh for a dance in Patterson hall. A protest w: ber of signers headed by Louis Tibe- sar, objecting to a rumored plan to petition for the paving of Front ave- | nue. The commission knew nothing of the proposed paving plan. The protest was filed. ‘Buddy Poppy’ Drive Is Endorsed by Hoover Kansas City, Kans., April 17.—(?)— President Hoover has endorsed the eighth annual “buddy poppy” cam- paign the weck prior to Memorial day, May 30. In a letter to Eugene P. Carver, Jr., national commander of the veterans of foreign wars of the United States, the chief executive said: “The annual ‘buddy poppy’ cam- paign, is a fitting symbol of the sacri- fice of those who died in the service of our country. I am glad to give my hearty endorsement to this worthy enterprise.” LEAVES $100,000 TO PETS Greenwich, Conn., April 17.—()— The will of Mrs. Nellie S. Smart of Stamford leaves her $20,000 house as @ home for 18 cats and four dogs. A trust fund of $80,000 is created for their care. ROMAN CATHOLICS INCREASE New York, April 17.—(?)—Figures published in the new official Cath- olic directory show an increase of 423,709 in the Roman Catholic pop- ulation of the country in the past year. The total is 20,112,781. her allies and Germany sufficient to cover her own payments to the United States. This was equivalent to only a quarter of the sum due her. Mr. Snowden was particularly bit- ter in his criticism of France, which, he said, had repudiated four-fifths of her obligations to England. Many Britishers had been practically ruined because France was balking at her national obligations, he said, while at the same time she was the most pros- perous country in Europe. It was not a case of not being able to make a better bargain, for the United States had obtained better terms from France than did England, he claimed, declaring the case of Italy was worse still, since that country’s total debt of $3,550,000,000 had been commuted to $1,035,000,000. “If Italy and France could afford to pay the United States they could af- ford to pay us,” he continued, “be- cause we have done for France what the United States did not do. If it had not been for British help, both financial and human, France would not be an independent country today. If Mr. Churchill had made the same settlement with the European coun- tries as they made with the United States we would be receiving double the amount we receive now.” Anti-Diphtheria Drive Starts in Jamestown Jamestown, N. D., April 17.—(P)— Campaigning to make Jamestown free from diphtheria by 1930, citizens have started a preventive campaign against the disease this week. The campaign is instigated by the local Parent-Teacher association. Toxin anti-toxin, purchased by the city, is Iministered only. at the request of the parents. sSTtoP CouGHiIn Me Almost instant relief with one swallow o: THOXINE Dance at the Dome tonight. ‘They come to SEE- They stay to BUY o. Tete dei teiliadieateaninss any automobile sponsored by Walter P. Chrysler is a magnet to those who look for the latest and finest in fine cars. They atay and many of them buy because the De Soto Six exceeds their expecta- tions of what even a Chrysler-built car could give for so moderate a price. They find & roomy, comfortable car with long, low lines—stylish, distinguished—a speedy car with ample power, rapid yet smooth acceleration, amazingly restfal riding. They see those evidences of Chrysler crafteman- ship which assure long life, easy maintenance, low running cost and a eatisfactory resale value. And they find all these distinctive attributes of Chrysler Motors quality at a price well below $1000. See De Soto Six and drive it. There is nv obligation. Come in today. : ( @ De Soro S1x CHRYSLER MOTORS PRODUCT Northwestern Automobile Co {REPUBLICAN PARTY'S dUBILEE TS PLANNED Ripon, Wis. April 17.—()—Pres- ident Herbert Hoover has accepted the honorary chairmanship of the Re- publican party diamond jubilee which will be held here June 18, Judge Roy E. Reed, chairman of the executive committee, has announced. Judge Reed said Secretary of War pleaded for a maximum of 10,000 tons. displacement for warships as against 35,000 tons fixed by the Washington conference. He charged that the 10,000 cruisers being constructed now James W. Good, Governor Walter J.| == Kohler and many other state and na- tional Republican leaders had accept- ed invitations, and that the Wiscon- sin state senate and @sembly had voted to attend the event in a body. The purpose of the jubilee is to pay tribute to Alvan E. Bovay, described as “Founder of the Republican party” and to dedicate the party's birthplace Shrine. on the Ripon college campus, Motor accidents have increased 500 Per cent in land duri: Date Eng! ing the last Capital Funeral Par! lors 206 Main Ave. Licensed Embalmer Phone—Day cr Night—e2 Jos, W. Techumperiin Prop. and SOUND—two years in the making—thrills never before seen! With DOLORES DEL RIO RALPH FORBES KARL DANE GEORGE LYONS in Movietone Vaudeville TONIGHT and THURSDAY 7:15 and 9 P. M. Adults 50c - Children 25¢ Notice Regarding Reduction in Automobile Liability Rates | 10% Reduction Is Granted for the Attachment of the Following Endorsement _ Merit Rating Declarations The Policy to which this endorsement is attached is issued and accepted at a reduced premium rate upon the following declarations made by the Assured: 1, months immediately prior to the effective date of this Policy. “The Assured has owned and operated a private passenger automobile for a period of not less than 24 “No private passenger automobile owned by the Assured has been involved in an accident-resulting . in personal injury or damage to the property of another while being driven by him or, to the best of his knowledge and belief, while being driven by any one with his permission, expressed or implied, during a period of 21 months beginning 24 months prior to the effective date of this Policy and end- ing 3 months prior thereto. “If the Assured has owned and operated two or more private passenger automobiles concurrently during part or all of the period indicated in Item 1, and one or more automobiles was involved in such an accident while so driven and within the period described, then The number of such automobiles involved in such accidents Was ......sceccecssececsccsecssserg The number of such automobiles not involved in such accidents WAS .........+ssseseesseeceeeee: “The Assured’s operating license has not been suspended or revoked, nor has he been convicted of driving while intoxicated, evading responsibility after an accident, or reckless driving, during a pe- riod of 21 months beginning 24 months prior to the effective date of this P. months prior thereto. olicy and ending 3 “The Assured keeps brakes and steering gear in good working condition and will have .them in- spected at least semi-annually and give written evidence of such ins; “The Assured declares the foregoing declarations to be true. Witness pection if called upon to do so. deca eee eee sere eens reser eeneres eee | Signature) We do not’ recommend its use on account of the restrictions. If any one desires this form of coverage we can furnish it to them. “MURP - The Man Who Knows Insurance ’ 218 Broadway