The Bismarck Tribune Newspaper, December 27, 1930, Page 2

* financial genius and one of the pil- » bank for 13 years. In 1921, he be- _ Clalized in this field. THE BISMARCK TRIBUNE, SATURDAY, DECEMBER 27, 1930 Beesemyer Embezzled INVESTMENTS AND [_Brmbezted$,00,000—But Lived Modesty ] SPECULATION TOOK MOST OF FORTUNE! Was Sentenced Friday.to Term From 10 to 100 Years In Prison AROSE EARLY, WORKED LATE) Grew Up With Hollywood, and} Worked Up From Position of Office Boy Hollywood, Calif., Dec. 27.—(NEA) —A man who took $8,000,000 of other people's money but did not use a cent | for his own personal pleasures or for | his family’s—that is the unusual de- scription that is being applied today to Gilbert Beesemeyer, head of the defunct Guaranty Building & Loan association, who Friday was sen- tenced to serve from 10 to 100 years in_ prison. Beesemeyer, Ponzi” by the 20,000 investors who lost their money when his company | crashed, was a reserved and myster- ious figure before the crash. Now that his immense defalcations have been discovered his path is more mysterious and involved than ever. Most large-scale embezzlers live high while it lasts. Not so Beese- meyer. With his wife and his wet year-old son Elmer he lived the mod- est life of a man on a salary of $500 a month. He drove a medium-priced automobile and provided his son with a small coupe. A small one-story modern dubbed “a PRACTICAL COURSES URGED BY PROFESSOR Instructor Questions Value Re- ceived From School Money Spent : Dickinson, N. D., Dec 27.—Professor E. 8. Hatch, dean of men at the state normal school here, questions wheth= jer North Dakota is getting full value ;out of the money spent for education, |65 cents of every dollar in taxes, he |told his fellow members of the Lions service club in addressing them on the subject of vocational education or training. “We are not getting our 4ollar’s | worth, if‘our schools turn your boy or mine out with an education only in | the three R's and no knowledge of the | vocation into which he is going to {make a -living,” he said, declaring | that every boy and girl has the right | to an education in the line he desires |to follow, | He illustrated his remarks charts and figures from personal in- | vestigations and surveys and urged |the Lions to aid in the promotion of {vocational training in high schools and colleges saying that the present | educational systemsof the country are |turning out thousands who know nothing about the work they ure go- ing into to “earn a meal ticket.” — | AT THE MOVIES | se CAPITOL THEAT E “Outside the Law,” a thrilling story of the underworld, with the ravishing Mary Nolan in the principal role, forms the next attraction at the Capitol theatre, opening its engage- ment next Monday. According to advance reports from Universal City, neither time nor money was spared in the production of this all-talking screen drama, and bungalow, precisely like countless others in Hollywood, was his home. | in complete charge of the Guaranty Building & Loan association and was a director in the United States Gtiaranty corporation, California Mu- tual Building & Loan association, | Lions club of Dickinson is giver: much Ventura Guaranty Building & Loan, | Maria Ballding y, & sepa irs ee credit for the success this year of the It was quiet and comfortably fur- nished, and never was the scene of wild parties or lavish entertainment. Beésemeyer neither smoked nor drank. He arose every morning at 6, and almost always he was in his office by 7. He worked through the entire day until evening; and very often he would rush through his dinner, go back to his office and spend the en- Lions Aid Dickinson Red Cross in Drive Dickinson, N. D., Dec. 27.—The tire evening there. He did not mingle much, and when his office work did not claim his evenings he spent his time at home with his fam- ily. Yet few men have ever been ace | cused of a greater embezzlement ; than the one which he confessed following his arrest. Blames Speculation Apparently unwise investments and | speculations accounted for most of | the missing millions. The thefts! started four years ago, when Beese- meyer lost $25,000 in a department ; store investment. He took more money in an effort to recoup, invest- ed it badly, lost it and took more. The stock market crash, it is believed, hit him very hard. He is known to have sunk $2,000,000 in an oil company that failed after producing five dry wells, ! When first arrested he seemed} contrite, and said he worried only | about the prospect of returning the money to people who had entrusted ‘it to him. “If I am sentenced to a long term in prison,” he said, “I believe my knowledge of finance will enable me to carry on from behind the bars. I intend to do everything possible to repay the people and get a fresh start.. I hope the confidence of the People in other building and loan companies will not be impaired.” Later, however, his attitude changed. He asserts his speculations were s0 intricate that only he will be able to untangle things and recover part of the losses for the investprs; and he had for a time intended to Plead not guilty to the indictments against him. From the beginning he has maintained that if he had been given another week he would have Pulled out of the mess successfully. 20,000 Investors Lose ‘The 20,000 investors whose money he took are stunned by the catas- trophe. The newspapers here are | full of harrowing tales. One typical case is that of a man who had put his life savings into the company a few days before the.crash. He had Just $3.18 in cash after the crash. Beesemeyer was highly regarded, both as a business genius and as a man. He attended the Presbyterian church regularly, and contributed in large amounts for the upkeep of the church. Many of the investors who lost in the Guaranty crash were his fellow church members. Member of Many Clubs Although he took no active part in society life, Beesemeyer belonged to many of the leading clubs and fraternal organizations in Hollywood and Los Angeles. He was a member of the Hollywood Country Club, Lake- side Golf Club, Hollywood Athletic Club, the Writers, the Masquers, Lions, Breakfast Club, 233 Club, Up- lifters and Santa Monica Swimming Club. He was also a Shriner. His favorite recreation was in watching @ football game or a polo match. Among his business associates Beesemeyer was looked upon as a lars of strength upon which Holly- wood is built. He was always ready to come forth with a substantial amount of cash for any business ven- ture that seemed to spell progress for Hollywood. His own personal for- tune was tied up in various theaters, hotels, mines, aircraft companies and oil companies. Folk his confes- sion of ser aces, he immediately signed over all Personal propert; to the Guaranty. : Grew Up With Hollywood Beesemeyer was born in 1885 on a small ranch in what is now the cen- ter of Hollywood. As the city grew nd prospered so did he. His ele- mentary education was completed in Hollywood and he entered the South- ern California Business College. It Was at this institution that he gained his financial training. His first job was as an office boy in a bank. Later he worked as a cashier in the Hollywood National came interested in building and loan work and since that time has spe- At the time of his arrest he was Start at one of the letters in the above diagram and follow along a straight line to another letter. Continue thus until every letter has been touched but once. The correct start and route will uncover a four-word maxim. It is not necessary to pass over every line. (8tickler Solution on Editorial Page) ;for local county charity werk in co- j Operation with the American Legion and Legion Auxiliary. Under County Chairman F. P. Whitney, City Chairman E. F. Ring- lee, and Drive Chairman E. W. Tobin, $1,000 already has been reported and there still are some small contribu- tions probable, including one village which has not yet been solicited and has only contributed $5 in member- ships and donations. Hazelton Woman Hurt {i |_ Hazelton, N. D., Dec. 27.—Mrs. A. F. | Kurtz, local woman, narrowly escaped {serious injury last week when her jclothing became entangled in the shaft of the gasoline engine which was operating her washing machine. Her clothing was torn from her body and she was hurled violently to Fortunately no bones were broken although she sustained severe bruises that kept her confined to her bed for several days. ————_________.. SYNOPSIS:—Jack Stone, an air-mail pilot who made good in the movies, is in love with Pearl Dare. Her ag disapproves, and orders Pearl sent around the worid in a Ze Tanges to elope with Jack. QUEEN OF THE SKIES start her flight three Jack a wireless call to rescue her, and he starts pete. le agrees, but secretly ar- Dare discovers the plan, and has the ed early. Pearl sends f after the Zeppelin. (Copyright, 1929, by The Evening GRAPHIC.) EANWHILE, Pearl was heading for the open sky and / the open sea in the huge Queen of the Skies. the result is a picture of unusual ex- cellence. One especially lavish scene represents the Chinatown section of @ metropolitan city, two blocks in length, and crowded with a motley collection of interesting “types.” An exciting sequence detailing the robbery of a bank was made in one of the leading financial institutions | i nich more Hollywood, North American Bond é |##nual Red Cross drive wnic of Los Angeles, members of the cast Mortgage Co. and several ander’ than trebled the usual quota of funds| ~ organizations. STICKERS working throughout several nights in this unusual “location.” The film is said to have the most stirring and unexpected clmiax ever brought to the silver sheet. Mary Nolan has the principal role with Owen Moore, playing opposite her. fame on the Broadway stage is well known, plays the character of the gang leader. Edward G. Robinson, whose PARAMOUNT THEATRE The most pretentious undertaking in motion picture history, a re-enact- ment on. movietone am of the his- * toric pioneer trek of 100 years ago In Household Mishap! that Routed in the winnie er 3g West, has been completed by the Fox Film Cofporation under the direction of Raoul Walsh. The picture, “The Big Trail,” will be shown at the Para- mount Theatre for two days begin- ning Monday. Starting April 20, Easter Sunday, Walsh led a company of 575 including players, technical men and emiscel- |’ the floor. Janeous 4,300 miles, states and requiring more than four neral help, over a route of passing through seven with | ie aeuuina (M— YOUNG MAN. BUT WHILE (N SCHOOL HE WAS A ‘SWIMMER » HE ONCE SWAM ‘SEVEN MILES AGAINST A RWER CURRENTS | cia that it records the spirit of a mass phenomenon. Walsh's stated purpose has been to picturize a mighty surg- ing wave of humanity coming from the East into the West, land nungry, liberty hungry, home hungry, turning their faces toward the wilderness and pushing into the setting sun. His Big Trail does not represent any one of the numerous routes followed in the years after the first pioneer wagon train left Missourf\for the land be- yond the Rockies. It is rather a com- Posite of all these trails. Ley . Brittin [ac By ORVETTA DUTTON Mrs. Kimball was: quite seriously injured while on her way to the Morton Christmas program Friday evening. The sled in which she was riding was broken and she was thrown against the side with con- siderable force. A doctor was: called had suffered a broken rib, besides being badly bruised and shaken up. She is, at present, being cared for at the home of her son, Dutch. Irene Johnson and Maxine and Rodney Allensworth are spending their Christmas vacation at the Allensworth farm. Mrs. O. U. Dutton was called to Eau Claire, Wis., last week on busi- ness. She was accompanied by her son, Jackie. While there they visit- ed relatives 'and old friends. They returned as far as Moffit where Mrs. Dutton’s two sons are in high attended the class play that evening. Junior Whiteaker accompanied his months. The film is epic in treatment in sister_and brother-in-law, Mr. and Mrs, Tim Sullivan, on a motor trip Yo MAY THINK -Tuat Duca CLOCKS ARE MADE IN HOLLAND. NEARLY ALL OFfIEM, HOWEVER, ARE MADE IN THE BLACIC FOREST, AND ARE, INDEED, GERMAN OL00KS. the next morning and he found she| M school, Wednesday afternoon, and| ——s to Minneapolis, where they will visit their sister, Mrs. Estella Anderson. Mrs. M. M. Dralle and children spent Saturday at the Orin Dutton home. The ladies spent the day in making Christmas candies. Mrs. Jason Hoover left Saturday morning by train for Osakis, Minn., where she will spend the holidays with her parents and other relatives. E. M. Whiteaker left Saturday morning by train to spend Christmas with his daughter, Mrs. R. Anderson of Minneapolis, M. M. Dralle and family and Orin Dutton and daughter, Becky, attend- ed the class play at Moffit Wednes- day night. Miss Jennie Eggen gave a very nice Christmas program at Telfer school No. 2 on Thursday night and Miss Lillian Lee at Morton on Fri- day might. The teachers left im- mediately for their respective homes. Mr. and Mrs. Henry Crawford and daughter, Eleanor, and Mr.’ and Mrs. O. U. Dutton and son, Charles, were Christmas shoppers in Bismarck on londay. Clarence Beard is assisting with the chores at Whiteaker’s. Mrs. Alfred Slovarp is confined to her bed with a serious attack of rheumatism. Her many friends hope for a speedy recovery. Roy and Charles Dutton are spending their Christmas holidays:at home. Mrs. A. Geovnonoi and son, Harold, left Monday for Salt Lake IRATE REDUCTIONS ~ PLAN OF RAILROADS Consider 2-Cents-a-Mile Pas- senger Rate For War With Bus Lin Chicago, Dec. 27—(#)—Plans to inaugurate a passenger rate of two cents a mile on four divisions as an experiment to see if the lowered fare will successfully combat motor bus competition, were made public today by H. E. Pierpont, vice president in charge of traffic for the Chicago, fobs) ‘St. Paul and Pacific rail- road. The new rate, he said, would be put into effect uary 1 on divi- sions in Wisconsin, Minnesota and Towa. The present rate is three and six-tenths cents a mile. None of the divisions is on a main line. Plerpont said however, that it the experiment succeeded it was probable it would be extended event- ually to include the main lines. “It is primarily a service to gain the‘local traffic which the motor bus has caused railroads everywhere to lose,” Plerpont said. ‘The announcement followed anoth- roads were also contemplating a sim- ilar move. By VIOLET A, CLARKE Lester Clarke was a Sterling caller Tuesday. Tom Smith who has been picking corn in Minnesota and South Da- kota for the past few months, re- turned home the middle of the week. Miss Jennie Clarke and Miss Vio- let were Sterling callers Tuesday. Mr._and Mrs. George Harding were Bismarck and Mandan. callers Thursday. Ralph Byers attended the dance at Menoken Saturday night. Tom Smith, spent Sunday after- noon with his cousin, Eli Harding. Miss Lucille Milman, teacher of school No. 2, gave a Christmas party for her pupils Friday afternoon. Miss Milman went home to Valley City to spend her Christmas vaca- tion, Mr. and Mrs. Edward Smith were Sterling callers Thursday. Eli Harding was a caller Saturday. Miss Violet Clarke visited at the e Harding home Sunday. A few from around here attended the Christmas program at Sterling Friday night. Elder Elness was a Sterling caller Monday. Mrs. Sam Conley left for Minne- apolis Wednesday where she will spend the winter with relatives. Kenneth Johnson, Business College in Bismarck, re- City, Utah, where they will spend some time visiting relatives. MAITLAND TO MARRY |. San Antonio, Tex., Dec. 27—(P}— Lieut. Lester R. Maitland, who flew to Hawali, and Mrs. Kathleen Mc- Dermott, San Antonio, have filed notice ‘hat they are to be married. | Wis Here are some excerpts from the diary she kept on her trip:— June 19—What has happened? The great ship has moved out of its hangar! It is heading for the open sky! And I am aboard! Unsuspiciously, ! accepted Frank Thorn- ton’s invitation, with Mrs. Frayne, my companion, to inspect the skyship on which 1 was supposed to make the tour, start- ing three days hence. 1 had no intention of doing so. I was planning, instead, to elope with my aviator-lover, Jack Stone, who was to meet me at Lakehurst, flying non-stop from Hollywood, where he has been doing movie stunts. But, now? Here I am, lured, trapped, almost kidnaped and a prisoner on the greatest and the first only American j eal Queen of the Skies! And we are off! ahead of schedule! “Can I Angeles?” I asked. “It can be tried.” “It's one chan he may hear me: How am I to know? He will never fo1 after all m bes ar this flight? scarcely understand myself. 1 fully ) I still can’t be- lieve that the Queen of the Sxics have not yet recovered nce of mind. has actually taken off. I had been sitting at a desk in post cards over the for the time being forgetful Frank Thornton and Lreally thou they had gone down and be waiting for me on the field Momentarily lost to time and place, 1 was not even conscious of the first movements of the fisentic vessel lanced through the window. Even then I did not take alarm, though I was staring the social hall, addressin, to friends scattered all earth, of all else. Mrs. Frayne had vanished. woul when, suddenly, I g! straight inte the sky. It was only when my eyes curi- pumieeteiinemeteeeaemente ae Off three days Off for two And where is Jack? Fortunately, I have a lot ot money with me. The instant I discovered my predicament, I sought the wire- Jess room and bribed the operator. talk as far as in a thousand must take it!” | Where Is Jack? I called and called; hoping Jack or some one would hear, begging Jack to meet me in Calcutta; calling and calling until official reports had to take precedence. Did Jack hear? How could h iy understar, low co ie possibly understar: ‘assurances F would not ot uniformed men and sw: gayly on our way! Los tracted attention by my f manner, “You will soon grow accus! smilingly. I stured wild. I was “air-scared. “Please explain!” I stamme “Haven't you found your stateroom’ It's No. 10. unpacking. “But—but—1 ta “but—my my creden: in §. Frayne attended -to every fight?” “Certainly.” my fi to take advan marvelously — fortunate. went ahead,” he explained. dt crowd of passengers paradii corridor and burs into'No, 10h was Mrs. Frayne, cot skyscrapers, of the Statue of Libert: “Why—I thought—three days——” fe had tO age of weather In a daze, 1 groped through the e 4 ner ed at the observation window ‘na charming wicker chair, admiring We were still in view I gazed about the cozily furnished elopement plans” Uttle room which, seemingly, was to be my prison for the next sixty ously darted earthward that 2 re- aliea what was happening. All lines had been cast of1, hundreds thousands of sightseers were speeu- ing us a rose, dizzily, and stumbled inte the main corridor, where I at- ed, to it, Miss Dare,” said an officer. eyed. He thought ered, He looked a little puzzied. 2 Mrs. Frayne 1s there, Mr. Thornton, by the way, is in No. 18. But, I suppose you ewe really starting the big days. Everything was in order, all of my intimate boudoir effects — even to my favorite full-length por- ~ trait of tall, ianky, sunny-taced Jack Stone. “What does this all mean?” 1 screamed. “Only that we're oft on the great adventure,” she answered, evenly. “Why was I not informed?” “Your father thought you would enjoy this surprise.” “Then he arranged it?” “Yes. After he discovered your “My elopement plans?” 1 gasped. She motioned quietly. toward the e “You are a little fool to think that you can outwit your father!” world was against me in an adroit your secret code by a rait of Jack Stone. “He has experts,” she stated ry. en she grew severe. “You are @ little fool to think that you can [ outwit your father!” ay end swam and 1 partially collapsed in was on the point of hysteria. For 4 few seconds something more than mere rebellion against my father swelled in my heart. It was an emotion akin to hatred, mixed with fear. Fear! For the first time 1 felt helpless And not only that! I peesessed the horrible sensation that all the ,] a chair beside hers. 1 ni ine “party enadet ing. But it was also superb, shmpses of Frayne. rising. AS steward me @ wireless telegram. Mr: voyage!” it read, piles ‘as, witht tore it open. turned home Sunday to spend Chirst- and New Year's, Mr. and Mrs. Adolph Bassen and family and Mr. and Mrs. Floyd and family spent Monday evening at the Ed. Freshour home. Hugo Bassen, who has been assist- ing Adolph Bassen with his work for the past two weeks, returned to his home at Driscoll Monday. she arose = fu was irom my fat a y it was the Jast straw! “All right,” I riggs ping it. “Tl stroll hey smiled, tly. = ‘Three hours iater—i am girl di it : a4 E if i ge i BE BE eh lees B &, i Fe ind vicious scheme te destroy my rsonal Pp! and all my lopes of the future with the man adored. Now he, too, would be oo against me! Frank Thornton entered unan- jounced. “Well, Pearl, here we are at last.’ Jauntily. Pad His self-assurance was madden- “You're both missing land,” the ast put in Mrs. at i Z i) it : me ua i is smashing ATTACKED by en UNKNOWN ar Pate: g a ied b i g F ] as EF g He Es | ¥5 Hi i § ity 2" zt ity +) ey ny Eee i i i i F Be i z Ey a nstaliment of "at I Pearl is MN $8,000,000 But Did Not Indulge in Luxuries: P. The eve: f Christiania i ‘Wednesd °* et wake. service, cember 30, 6 p. m. Luther league gocial and New: Year's wake, 8:30 p. m.« Choir, Thi 7:30 p. m. nf: > 10:1 day. Morning ing ‘worship with Holy Com. munion, 11:00 a. m t FIRST EVANGELICAL CHURCH ee and AN 200 — worship theme, “The Lamps of Life,” Special selection the choir. 7:00 suian = deavor, A ear Has Taugh' 1:45 — Eve worship | service, bpested “The Past Required,” Ira E. Special selection by the choir. FIRST LUTHERAN CHUR( Corner Avenue D and Seventy Be, Sunday—Bnglish series at 10:48, Sunday school and Bible class at loc! lish service at 7:45 ig service will be a who attends |! (Missouri 419 Fourth . V. Richert, Pastor. Services f ie ces for the lst Sunday after ther 7:30 toe, services Sermon: “The Star of \Messianic Propht , at 10:30 a. m, ecy. On New Year's oy Hae te ae eaitheran our over McCABE METHODIST EPIS' CHURCH idee ‘Walter E. Vater, Pastor. Morning worship 10:30. lude, Bg de Sermon. “The Spiritual Glow.”— Walter # Vater ©" ra Organ Postlude.—Wilson. ered = 12:00 noon. (Class- es for h le. 6:30 p.m. pease Prelude. - “Meditation.” nthem. “The Lights of Home.”— Wilson. a és Organ fertory. “In Deepening Shadows.”—Stoughton. zs Solo, Selected.—Miss Lucile Cogh- Jan. . Sermon. “A Marred Life.”—Walter’ E. Vater. 5 Or Postlude. “Marche Noc-- turns Young People’s Prayer Service’ evel 7:30. esday :30. Adult Prayer Service Wednesday 7:30 p.m. FIRST BAPTIST CHUR: Fourth Street and avenue B L. Jackson, pastor at this 11 a, m.—Morning worship. Pianist, Dine Matguetite Kennedy. Erne. A Prelude (Pickhardt). ‘Mr. Jackson. Mr. Jackson. 6:45 p. m.—Intermediate B. Y. P.U. toe chara eae ai bY E.L, Gilbert, sey os ™K cordial welzsme to all who do not have a church 3 A ac eanesday at 9:30—Church Night ° m2i30 to 10:45—An informal hour of © 10:45 to 11:15—Pot_ luck supper, 11:18 to 12—Watch Night Service. FIRST PRESBYTERIAN k, No 9:30 Kis bray Young People's and Adult Dew partments Sunday Church: Six presidents of th United Stat have died while in ve New Year,. . y