The Bismarck Tribune Newspaper, August 29, 1929, Page 6

i 8 oA CORPORATION STOCK OFFER IS PLANNED Worthwestern Bank Merger Holding Company Sets Aside Block St. Paul, Minn., Aug. 29.—(7)—Pub- Ute offerings of about 200,000 shares of the First Bank Stock corporation, re- cently organized, will be made in a few weeks, executives of the corper- ation said today. Although no for- mal announcement of the issue was made, it was said the subscription price has been tentatively fixed at/ $47.50 a share. The stock is that of the $250,000,000 | holding company which controls 38 banks in the federal reserve district, including the First National banks in Minneapolis and St. Paul. Formation of the company was announced last week. George H. Prince, St. Paul, presi- dent of the corporation, said the stock would be distributed only in the ninth federal reserve district, partic- ularly in cities where banks now affil- fated with the holding company are situated. Finances acquired from the stock offering, it was said, will be devoted | to a program of expansion. | Letters have been mailed stock-| holders of the Twin City banks active in organizing the First Bank Stock corporation, outlining the basis of ex- change of bank stock for stock in the corporation. Shares of the corpor- ation stock are to be issued on the basis of four shares for each share of the First National bank of Minne- Qpolis and 18 shares for each share of the First National bank in St. Paul. In accounting for the small number of shares to holders of the Minne- apolis bank stock, officials explained that that stock was reduced from $100 to $20 a share par value six months ago. ‘Alleged Beer, Mash Seized by Raiding Force in Bismarck Two dozen quarts of alleged beer, 37 gallons of mash, three large crocks, and eight dozen empty beer bottles were scized in a raid made by city police and members of the Bur- leigh county sheriff's force on a house ‘at Twentieth street and Avenue A last night. ‘This was announced today by mem- bers of the sheriff's force. No arrests have been made, pending the retur: to Bismarck of George S. Register, state's attorney. No one was in the house ai the time of the raid, officials said. Uncle Sam Captures Leaving New York—The Graf At Friedrichshafen—Home Zepp is pictured here over Nev again after a voyage across York shortly before it started from the Atlantic, the Graf Lakehurst, N. J., on its world tour. railet pec ft itaaeionae ‘THE BISMARCK TRIBUNE. THURSDAY, AUGUST 29, 1929 GRAF ZEPPELIN Pontiff Is Worried MANDAN LIGHT PLANT Over Christians in 10 DOUBLE CAPACITY ' Mob-Torn Palestine Vatican City, Aug. 29.— (> — Pope| Pius today hed a telegram dispatched | |; . Installation of three new trans- formers in the Mandan power and light plant at a cost of $5.000 will in- crease available current from 600 to 1200 kilowatts and doubie the ca- pacity of the plant. it was announced yesterday by Walter Renden, plant manager. Constant increase power and light was g as reason for the additional equip- ment. Indications showed the pres- ent outlay could not handle the situ- ation in the near future. The plant has not been running with an over- load, Renden said. Other improvements to be made in- clude installation of a current lim- iting reactor and oil circuit breakers jon the Mandan-Bismarck line. Pa- | trons are using electricity in greater | volume and for more varied purposes | than ever before, the manager de- clared. 'Fire Breaks Out from A Leaking Oil Stove Valley City, N. D., Aug. 29.—Kero- i in the use of iven by Renden to the Roman Catholic bishop of) Jerusalem. Monsignor Barlassina, re- questing information about the fight- ing between Arabs and Jews in Pales- tine. His Holiness asked especially if (Christian, and Catholic in particular, institutions had suffered damage or were in danger. Woman Is Injured in | Car Crash at Langdon | Langdon, N. D., Aur. 29.—A heavily loaded Standard Oil truck owned by Smith & Rasmusson Co. of Osnabrock | and driven by John Gmersrude of Os- | nabrock, going north, crashed into an Essex coach going west on highway 'No. 5 ten miles east of Langdon Mon- ‘The Essex was owned and driven by C. C. Phillips of Birmingham, Ala., and was knocked into the ditch, throwing Mrs. Phillips out of an opea | window onto the highway. E. C. Phil- lips, also of Birmingham, was slightly | {cut on the arm, and both drivers were |unhurt. Mrs. Phillips sustained 9 | badly cut face and bruices, and is re- sene from a leaky oil stove ignited in | covering at Borusky hospital in Lang- the home of Mr. and Mrs. L. E. Jones, | con. The cemetery across the road 205 Second street, about 10 o'clock | from the German Evangelical church yesterday morning and damaged the | prevented the drivers from seeing interior of the kitehen before the! each other. Both Smith and Rasmus- fire department extinguished the flames. Mrs. Jones was in the home at the time of the fire, but before she, with | the assistat of a neighbor, could | quench the flames, the fire gained | much headway and an alarm was turned in, Man Hunted 3 Years| Minneapolis, Aug. 20.—(/P)—A three year manhunt by the United States | department of justice was cnded to- Gay when federal authorities in Min- | neapolis were informed that James | Deemond, wanted in connection with | the fake bond cases developed here | enne - | fn 1926, is under arrest in Los} William P. McCracken | Angeles. f *. | Weamond isoneof more thana score} Slightly Hurt in Plane indicted by the federal grand jury in | the fake bond scandal. He ischarged| Bridgeport. N. J., Aug. 29.—(?)—} with perjury. The three-year-old in- | William P. McCracken, Jr., assistant | dictment charges he signed a bond | Secretary of commerce in charge of | for one Charles Darbey, and listed | 8eronautics, was slightly hurt late | property on North Cleveland avenuc, | last night when an airplane in whieh | St. Paul. A warrant and requisition for Des- mond’s return here was forwarded to Los Angeles. Minneapolis Banks in Corporation Merger Minneapolis, Aug. 29.—(.?)—Orgun- ization of a new parent banking com- pany to be known as the Bank Shares Corporation, which will become prin- cipal owner of the Marquette Nation- al bank, the Marquette Trust com- bank, was announced today. Addition of other financial institu- tions is planned, including a new Se- curities Trading company to be in- corporated separately to take over and enlarge the bond and investment business now conducted by the Mar-j| quette Trust company. The resources of the Marquette institutions, which are entering the holding company, are in excess of $4,314,000. Georgetown Elevator Blaze Loss Is $20,000 Fargo, N. D., Aug. 29.—(7)—Loss estimated at $20,000 was sustained when the St. Anthony-Dakota Eleva- tor company’s double elevator at Georgetown, Minn, was destroyed fire today. The elevator con- more than 8.000 bushels of grain, about 4,000 being wheat. grain was a total loss. Four cars se the elevator feed mill was de- Jamestown, N. D., Aug. 29.—(P)— ‘Th Heib, 18-year-old farm lad _ ¥er'-= neor Cleveland, was sentenced to 13 months in the state penitentiary Ly «acce ... G. McParland in district hi w He was ore fednesday. ° pips stealing two calves from en and cellinz them for $37. SALVAGE OLD PALACE Beautiful ' : sabe Fees > pany, and the Chicago-Lake State pr , stored in a shed, were burned | Gets Prison Sentence jhe was flying from Cleveland to wel- |come the Graf Zeppelin et Lakehurst, | vas wrecked in a forced landing near | here. | |Glen Ullin Cafe Till | | Is Burglarized of $35; Glen Ullin, N. D., Aug. 29.—(P}— |Burglars entered the Rue Bird cafe jHere last night and tonx $35 from the till. E. A. Schave, proprietor, said | entrance was gained by forcing the! front door. Sheriff Henry Handtmann |has no clew to the identity of the’ ‘ prowlers. Board of Equalization Meeting Is Postponed ; Meeting of the state board of! |equalization, schecduled for Wednes- |day to consider valuation of electric | | Power and telephone properties, | Postponed unii! Friday. 4 jed that the board vill c | work of evaluating public utilities and {will fix the state vax le: ; time, WY be ee WHAT PRICE PEERAGE? London.—It looks fine to swelled chest bedecked in * vestments of the peerage, but it costs plenty of money io o your valor or statesmanship is talk of the town. Ail vas i. se . ai of knighthood—the Garter, the 5a‘u. St. Patrick and so on—call for a jinvestment of close to $3,500 in | » sanaenecatamnaniaaian and so forth. It would have cost Sir Douglas Haig $4.6¢) to b> an earl had not the fees becn waived. FATHER DIES, SON LOST Fargo, N. D., Aug. 29.—()—Rela- {tives of A. W. Bousquct, 68, who died Tuesday, are still trying to locate his [Son, Dr. V. A. Bousquet, Maddock, N. D., en route home from Los Angeles, mantles, hoods. surcoats, silks, jewels, ; | | son expect to settle for damages. Rogers Bank Opened, Was Closed for Year Valley City, N. W.. Aug. 29.— Through co-operaticn of stockholders and depositors the First State Bank of Rogers reopened its doors for busi- ness yesterday after a year's suspen- sion. C. J. Christianson is president of the reorganizd bank, and Charles M. Paulson ts vice president. Accounts of depositors of the former organiza- tion will be transferred to the new bank. U.N. D. Opens Sale on Season Grid Tickets id Forks, N. D., Aug. 29.—Sea- son tickets to University of North Da- kota football games are to be sold in 11 places outside of Greater Grand Forks, the Flickertail ticket office has announced. A drive is to be opened this week Dr. R.S. Enge Chiropractor Drugless Physician Tablets can now be obtained at HALL’S DRUG STORE ‘Third and Broadway i For the relief £ Poison fvy. Mf not satisfied, money refunded Sold Exclusive:y by 4 p ‘ ( ‘ j ‘ | \ i ‘ ' Se a | Over Berlin's Housctops—The mighty cruiser of Map of the World Flight—This map shows the Japan and " I—He a the air lanes is shown here over the German route chosen by Commander Eckener for his beyond ® Japanese temple, a ion the ‘Grat ‘Seopelin will ie : capital, receiving the cheers from below as Ger- flight around the world, starting from Lakehurst similar to the is pear when it is moored to the many base 9 Aes the ao adventurers well on and proceeding east by Europe, Asia and the shown above; below are Siber- mavy's mooring mast at Lake- i -mal voyage. ry: ing voy: - Pacific. fan peasants. hurst again. / with the following handling the|town; John Sad, Valley City, and Ted|game, in the center of the stadium. | said here today declared their MOO! FOR various sales: Grant Nelson, Graf-/Rex and Dr. A. C. Dean, Crookston. (This feature, night football, and the| independence Adae| and to} La Bale tithe orto preaciibt ton; Ed Franta, Langdon; Ray Pow-| It is figured that the places men- financial saving, it is expected, will/have raised the Turkish flag. alcohol rubs for his baby, so Thomas er, Portland; Chick O’Brien, Park/|tioned are close enough and have jprove attractive to North Dakota ——_—_————_ Tomminillo went out and got some River; H. W. Swenson, Devils Lake; sufficient interest to make season football fans. POWELL BEGINS WORK moonshine. He was arrested with a Don Dresden, Larimore; Walter ‘sales profitable. | SE eninnapneenaaaE Lakota, Aug. 29.—()—R. C. Powell | quart. But the doctor intervened, say- Backstrom, Hillsboro; Monroe Berg,| The season tickets for four home| ARABS DECLARE INDEPENDENCE |has taken up his duties as county | ing that the child suffered pneumonia Cooperstown; Oscar Florence, Edin- games entitle the buyer to four in-| Jerusalem, Aug. 20.—(/)—Arabs in| agent succeeding Roy Gilcreast, re- j after an attack of measles. The moon- burg; Charles Buchanan, Coope: dividual reserved seats, onc for each| Nablus, central Palestine city, were | signed. | shine was applied and the child lived. | ° ~ s ~ + 4 ¥ if , . RE DERRY 4 - Seiberlings, peers of all extra-quality tires. e . like them, as no tires you've owned befere.— brake. Their leoks, like new, when most ae. Cowan’s Drug Store A & M TIRE SERVICE 216 Main Ave. 0. P. VOLD, Prop.