The Bismarck Tribune Newspaper, September 21, 1931, Page 1

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THE BISMARCK TRIBUNE 2c | PRICE FIVE CENTS | English Quit Gold Standard wt HNs arth Tremors Shake Middle Westmnwsn BARRED BY ORDER. | = Sa pices SUSPEND PAYMENTS OF EXCHANGE Bopy (_Retsins oveem_ PRENDENT i aS "Ocean riers RESDENTS IN MANY IN PRECIOUS METAL, UNITED HELP Of CITIES FRIGHTENED: Halifex, N. 8, Sept. 21—(P)—Three Wall Street Directors Decide to Government Closes Stock Ex- ESTABLISHED 1873 BISMARCK, NORTH DAKOTA, MONDAY, SEPTEMBER 21, 1931 Mt Oa Ht | Professor Held In Wife’s Death ~ flyers, recently lost on a flight from Line to New York, were found atid Permit Trading on Emer- AMERICAN LEGION: ‘The Norwegian motorship Belmoira, changes and Raises Dis- | gency Basis : Forte finding vveckags fb) DAMAGE REPORTED count Rate aa 6 in which » Pernando ; _ Tells Veterans They Can Aid|D® Coste Viess and Christian Jo-) WORLD CIRCLES ACT QUICK Nation by Opposing Raids hannssen, left bee iythaie Zork. | Little Town of Anna, Near Sid- ACTION TAKEN HASTILY ney, Ohio, Hardest Hit by Quake on Treasury financial Marts Closed in Many Places, Others Being ‘Restricted’ M'Donald Hastens Back From Chequers to Call Cabinet Conference SEES NEED FOR COURAGE | _ and a third message brought word all three were saved. TENSION INGREASES New York, Sept. 21—()—The New York stock exchange governing board issued a notice prohibiting short selling just before the market opened Monday. PICTURES FALL OFF WALLS Expresses Opposition to Bonus Legislation and Unsettling Influences London, Sept. 21.—()—Abandoning the gold standard, raising the Bank of England discount rate to 6 per cent and closing all stock exchanges, Great Britain wrestled Monday with the Geologists Say Disturbance Caused by Slipping of Rock Strata Just before the opening time the wtock exchange ticker printed a no- tice saying the exchange would open @s usual but that the governing com- mittee, in view of the grave and seri-, ous emergency created by the sus- pension of gold payments in England, at a meeting held early this morning, resolved that in its opinion short sell- J. P. MORGAN J. P. Morgan, noted American banker, says there is nothing to fear {from England’s abandonment of the igold standard. Detroit, Sept. 21 —(P)— Speaking ‘before thé national convention of the AS JAPS MOBILIZE ARMY IN FAR EAST Invade Manchuria as H Chicago, Sept. 21—()—Districte of Ohio, Indians, and Kentucky had un- dergone an imperceptable change, Monday, as @ result of earth shocks | which frightened residents in many | most critical financial situat since i World war. me rought back from his count home at Chequers by the panes ay Wales, Prime Minister MacDonald hastily convened a cabinet meeting Sunday night and it was decided that the gold redemption act of 1925 — ) ) ; | | Forces localities, and caused considerable should be suspended to halt alarming ‘ present emergency | vitati your command - , ‘an send tend to bring out & condition | tend Jour Tam ied to] China Aske Help of League [damage in Anna, a small town near! Elisha Kent Kane, Tennessee professor, was held without ball at | Vasenewa® Of Bold by foreign in- I. of demoralization in which prices; do xo at a time of most pressing pub- Sitiney, Ohio. Hepchessaredilondtll Lo sellin tlie teenie enable Ps Oat ret AN would not fairly reflect market values | : le duties because I wish to lay frank- of Nations The tremors were felt late Sunday./ twnmennyic cheeapeny ee Koco drowning while the two were | enabling. legislation Monday’ might, \ Sarat enttion 4 ot erie Tot the 10 WELCOME {Tamm sure you will wish to bare, and They were most noticeable at Cincin-| further than to say he expected absolute vindication. fn Bont ef, 0 King George constitution of the cenenee i I wish to point to an opportunity of} Tokyo, Sept. 21-—(?)—Tension. be-| nati, Springfield, and Lima, Ohio; at eres The statement, signed by ‘Whitney, president of the stock ex-| change said: “In previous times of emergency | and stress the governing committee! always has had the’loyal support and | of its members | BAND HERE TUESDAY Great Throng From Slope Ex- tween the governments of Chins and Japan increased Monday with the movement of Japanese troops to com- bat rioting reported in press dispatch- es to have broken out at Chientao, Manchuria, and to strengthen the Indianapolis, Connersville, Anderson, Liberty and Richmond, Indiana, and in some localities of northern Ken-| tucky. At Anna, practically every building was damaged, and there was not @ Architects Select Site For N. D. State Capitol The bank rate was raised from 4% pe cent, a figure which was set in 5 Action Held Tem Prime Minister MacDonald issued a statement calling attention to the fact that more than $1,000,000,000 had been withdrawn from the London sincere : garrison at Mukden. market ilar ate! whole chimney in the town of 500 in- since the and it is confident that « sim! pected to Hear ‘Concert pot This depression — tte ri news agency dispatch| habitants. Plastering in the high | Tentative Location. Is Near|sbect pei ed and oe titude will be maintained at this time. | will Reports Require “The committee on business con-| duct will require all members to re- | port, in detail, daily, beginning today, | all short positions carried and for, whose account.” j Suspension of gold payments by| England was anticipated somewhat; in Wall Street by liquidation on ana and Saturday. gts with sterling balances in British banks will suffer deprecia- | tion of their. holdings, Americans chase in England, a Meanwhile world. financial , circles | ‘Monday moved swiftly to protect the and Band Contests Bismarck Tuesday will be host to/ & great throng from throughout the! Missouri Slope section coming here | to hear the famed U. 8. Army Band. in two concerts. The band will arrive at the North- | ern Pacific depot at 12:38 p. m.,.ac- cording to. Miss H. B’ Beach, sponsor | of the local presentation. Proceeds from the two concerts will go to’ charity. ee from Dairen said one mixed brigade of Japanese troops in Korea, which| the! nad been concentrating at Shingahu on the Korean-Manchurian border, had started for Mukden. Other dispatches sald Japanese troops statted from Ranan, Korea, following riots in which Chinese threw long| bombs and burned the Chientao rail- war office, was messages MAY one of the subjects of an extraordin- ary session of the Japanese cabinet. The Korean and Japanese populace of Chientao was -asserted: to-be-en- School was shaken from the walls and | the corner stones of the Lutheran church were jarred loose. ‘was estimated at $10,000. At Ander- son, Ind. pictures were shaken off the walls. The tremors lasted about 15 sec- onds. The disturbance, geologists of| the Chicago weather bureau said, was caused by the slipping of strata under the earth’s surface. These geological readjustments occur sporadically in jthe middlewest, but no serious dam- age has resulted during the last 100, years because of the relatively rocky) formations peculiar to the region, they are-notcaused ‘by volcanic” activity, SHOUSE 10 SUPPORT {Democratic Leader Wants Na- tional Referendum on Pro- hibition Issue — Pa . ‘Washington, Sept. 21—()—A dem- Jocratic platform declaring for light wines and beer and a prohibition re- CHANGE IN DRY LAW: Crest of Hill Facing End of Sixth Street Selection of a tentative site for North Dakota’s new capitol was made jand plans for the active designing of the structure were mapped out here over the week-end as architects met with members of the capitol commis- sion and Governor George F. Shafer. A site facing Sixth St., and about 100 feet north of the old capitol re- ceived the temporary approval of the we in Saturday's half-day of trad- Ho emphasized his action was only Pectin and that = nation’s 4 Tesources would save the if the Public cooperated. ca “His majesty’s government have ar- rived at their decision with the great- international nancial markets have become demor- alized and have been liquidating their Sterling assets, regardless of their in- trinsic worth. In the circumstances there. was no alternative but to pro- tect the financial ition of this country by the only means at our dis- ‘dangered. geologists ki oup 8 '. 4 ge Jinain London, Berlin vaaiing ion hi adept FoR the fatalligence and by edtest ation Chientso has a population of helt) be! epee ferendum is favored by Jouett wallet thee, construction contracts| The summoning of an international Be Spgctomice oMamster. |Bhition of the oceasion. At the de-| we will lead the world in recovery, |® Mullion, 300,000 of which sre’Kore- 12 JAPANESE ARE Shouse, chairman of the party’s na-|for the building might be let about |CoMference to for better dis- dam, Johannesburg and Calcutta were closed. The Montreal exchange pot ‘six Missouri Slope bands, which will be here for a contest in connec- tion with the concert, will be on hand “The American Legion, born of world emergency, wields a great in- fluence throughout our country be- ns, 1,800 Jepanese and the rest Chin-| eee. ‘The situation in south central Man- KILLED BY QUAKE | Tokyo, Sept. 21—()—Japan’s most severe eartliquake since 1924 shook’ tional executive committee. Other legislation which he would the middle of June was expressed by the architect group. Preliminary work of determining arrange tribution of gold and to place interna- tional trade on a better footing was predicted by the press. Business decided to open on @ “restricted | churia, particularly at Mukden, the|Tokyo and adjacent yegions Monday.|"@ve Democrats advocate in the com-| the needs of the various state depart- ‘As Usual dasis.” When the bandsmen’s train pulls in,|cause it speaks for a generation| Conter’ of fighting between Japanese a nt, EODARY, Great Britain took the government’ Incomplete reports showed 12 ths, | ing session of congress includes abol-|ments in the building has been “4 ‘The Bourse in Paris Tera ne ee a Amy Croce i aes the [offering tes al to ite conten? "Y|and Chinese troops last Friday, was| 4p eee inhuted snd corsiscrabic| ition of the farm board, tariff revis-|launched end this phase of the areni- | ™e! measures in her stride and but the official exchange market was closed and no official currency quota- tions were made. Confidence Expressed | While Great nes eee peal in suspending the go! lemption of 1925 to halt alarming withdrawals | of gold came with dramatic sudden- confidence was ¢: } numerous quarters Britain would) weather the financial storm success- fully. In Washington no adverse reaction; major importance was expected | and confidence was expressed by treasury officials that England would extricate herself quickly from the} confusion. Prices on commodity exchanges in London increased and on the metal exchange copper rose more than £2 a ton. Tin was nearly £6.a ton higher while at Liverpool cotton, advanced almost a half penny a pound to just ‘over four pence. MORE FRUIT, JARS, ~ VEGETABLES NEEDED Committee Hard at Work Can- ning Food to be Distribut- ed Among Needy Wanted: More fruit, vegetables, and jars to be used in the canning program for the relief of those who may need assistance in Bismarck this winter. 2 in|Captain Stannard massed bands in two march numbers. A reception committee will be on hand when the band arrives and May-) or A. P. Lenhart has issued a pro- clamation urging citizens to give the band special ition. . At 2:15 p. m. in the city auditorium, will judge the two finalists in each of the two branches of the Missouri Slope band contest. ‘The preliminary part of the contest will get under way at the auditorium at 10:30 a. m. ial building while the cert is scheduled for 8:15 p. m. At 6:15 p. m. Captain Stannard and Lieutenant Thomas F. Darcy, second leader, will be guests at a dinner in the Grand Pacific hotel given by the Bismarck chapter of the Sojourners, Boys Scouts and soldiers from Fort Lincoln will act as ushers while. the scouts and American Legionnaires will participate in color-raising cere- monies before the concerts. steady downpour of rain to witness a Parade and massed band formation preceding a concert by the army band in Valley City Sunday after- noon. Six bands and two drum and bugle corps were in the line of march. TO PROVIDE DROUTH AREA WITH ‘SPUDS’ Launch Movement to Aid in Work ; Minnesota relief work. POSTPONE REQUEST oi 21—(?)—The Offering its all to its country: “You are aware that during the’ past year our national expenditures hhave exceeded our income, Today national govrnment is faced with an- other large deficit in its budget. There is a decrease in the annual yield of income taxes alone from $2,- 400,000,000 in the years of prosperity to only $1,200,000,000 today. “In these circumstances, I am di- 5 § ifiys eft mie th UF Be g 3 g Prosperity and employment. carry our present expenditures with- out jeopardy to.national stability. We can carry no more without grave “During the past week your nation- al commander and the members of the i i Fl 4 i fs pad ue i iE e ceil Bs2e i comparatively quiet. Japan was expected to reply Mon- day to Chinese notes. of protest over occupation by Japanese troops of Manchurian territory, demanding im- mediate evacuation of all territory now and restoration of con- ditions as they were before Friday's clashes. A spokesman for the Japanese for- eign office said Japan's ai ria during the last few days. International observers pointed out) that the probable action of the coun- cil would be to invite the Japanese | ‘and Chinese to submit @ full report of | their respective positions upon inci- dents in Manchuria. Moyle, Allen Cross Bering Sea to Nome To Discuss Charges|i"¥ St. Paul, Sept. 21.—(#)—Governor Floyd B. Olson this week will call a Property damage. The quake occurred at 11:20 a. m., (9:20 p. m., Sunday Eastern Stgndard Time). Telephone and telegrapfflines in Gumme and Saitama prefectures, where the shocks were the worst, were| torn down. i First reports agreed many houses collapsed, causing the fatalities. Yo- kohama, Kofu, Shizuoka, Fukushima, Nagoya and various other cities on; Hondo Island felt the shocks. ions, re-enactment of the Wagner bill to establish employment offices na- tionally, the five-day week for federal) employees and opposition to the use !of the injunction in labor disputes. Shouse’s views. which he described | as entirely personal, were published by ‘the Woman’s National Democratic club {in the Democratic Bulletin. The Bul- letin has also asked other party lead- ers to submit their platform ideas. tects’ work probably will require at least 10 days. F. B. Long, representing the Hola- bird and Root architectural firm of Chicago, will remain here in charge of this work. ‘The other architects |e, here were Joseph Bell DeRemer and Sam DeRemer, Grand Forks, and W. P. Kurke, Fargo. ing will be submitted for the approval Shouse said the party should pledge of. the commission between Dec. 1 Department stores and other bus!-/ itself for a prohibition referendum by! and 15. ness places, thronged with morning shoppers, witnessed scenes bordering Fissures appeared in the pavement of many Tokyo streets. Because of crippled communication lines, reports from the affected areas, were slow in reaching here. Slight after-shocks were felt in To- kyo Monday afternoon, again fright- ening the populace. YOUTH IS HELD IN THEFT OF AIRPLANE Landed Missing Ship at Minot; Says Another Man Is Responsible It was landed by # 22-year- who was held for question- Lawrence Norman White, 22, Willis- offering a substitute for the Eigh- teenth Amendment. Congress first, would have to pass the substitute. He urged immediate amendment jof the Volstead Act to legalize light wines and beer. contending the beer tax’ alone would yield immense revenue and employment would be provided for “several hundred thousand idle men.” North Dakota Legion Silent On Dry Law Savanna, Ill, Sept. 21—-(#)— (On board North Dakota-Montana special train enroute to Detroit, Mich.)— North Dakota's American Legion) delegation has refused to go on re- cord for or against a referendum of| the prohibition statute. The question is expected to be placed before delegates to the na- tional American Legion convention at} Detroit at its business session Tues- day. The question brought the most, spirited discussion of any to come before national delegation from North Dakota in the 13 years of the history of the Legion. Joe Rabinovich, state commander, was named chairman of the delega- tion while Jack Williams, Fargo, was need to head the steering com- Good Reception Is Accorded Candidate Grand Forks, N. D., Sept. 21—(?)}— Joseph Irwin France, former senator from Maryland and a Republican candidate for the presidency, con- ferred with Grand Forks city officials and business men Saturday on his way to Hillsboro where he spoke in behalf of his candidacy. During a tour of North Dakota, be- gun at Enderlin last week, France addressed audiences at Courtney, Carrington, Rugby, Lakota, Devils Lake, New Rockford and Grafton. He reported favorable receptions at all the places he visited. 1 From Hillsboro, he will go to Bt. Paul for an -ngagement Tuesday and Chicago for another Thursday. He was senator from Maryland from 1917 to 1923. HOOVER’S BOOK SELLS New York, Sept. 21.—(?)—Presi-| dent Hoover’s “De Re Metallica” is becoming a valued first edition. Har-' rison W. Craver, director of egineer- ing societies library, says the presi- dent's translation of Agricola’s Trea-| tise of Mining of the middle ages now | sells for between $100 and $200 as! compared with $7 two years ago. * At this time the architects will es- tablish offices in Bismarck, with Jo- seph Bell DeRemer in charge. Drawings for the structure are ex- pected to be completed within 150 days after the establishment of the offices here. The type of building will not be de- termined until the survey of the state departments is completed. J. A. Holabird and John W. Root, senior members of the Chicago firm jof architects acting in an advisory capacity, participated in the confer- ence. Questionnaires sent to state offi- cials for the purposes of determining their needs are being received by the architects and commission members and will be tabulated so that a report on the actual requirements can be submitted at a subsequent meeting. While a site has been tentatively selected, the building group said defi- nite selection will not be made until some agreement is had on the type of building to be constructed so that it can be placed on a spot that would give the proper symmetry. Holabird, while inspecting the site|* with the other architects and com- mission members, discussed the im- portance of proper symmetry. The concensus of the group was that the site, when it is defintely se- lected, will be at the approximate Jo- cation of the tentative selection, vary- ing possibly a few hundred feet from the temporary choice. Cloudy and Cooler Weather Predicted Cloudy and cooler weather was pre- dicted for the next few days in North Dakota by federal weather bureau officials here Monday morn- ing following a week-end of general rainfall. The forecast for North Dakota to- night and Tuesday is for cloudy weather and lower temperatures while freezing temperatures are expected in Montana Tuesday. Rainfall over the week-end was light in the southeastern section of the state and in the Williston district but many points reported over an int total. A total of 1.04 inches was re- corded here while Dunn Center, with 214 inches, received the greatest amount in the state. SAIL IN SMALL BOAT 8t. John’s, Newfoundland, Sept. 21. in the 19-foot sailboat Chicagoan. They are Herman Bahr, nat German, and 8. J. Harding, former Canadian sejlor. They took along 90 [SAREE SE WALES and Thenty: tank J. P. Morgan, American |Pressed to the Associated Preliminary sketches for the bulld-|,, Ths step seems to regency business was carried on “as usual” with no attempts to withdraw funds from banks, : banker, ex- Press op- the situation. abandonment of the gold stan- dard was a “hopeful and not a dis- couraging event.” me to be the second stage in the work of the national government, the first being the balancing of the budget,” Morgan said. i; “The completion of the govern- ment’s work will be the restoration of trade in this country.” “This being the case, Morgan con- tinued, “it seems to me a hopeful and not a discouraging event and one which brings the great work of the government much nearer to accom- plishment.” TELLS WHAT GOLD STANDARD MEANS (By The Associated Press) The gold standard of exchange is normally in use by virtually every civilized nation of the world. It is predicated on the fact that paper of @ country’s bank of issue is redeem- able in gold on demand. The suspension of gold payments in Great Britain means the Bank of England is not bound now under an act of parliament of 1925 to buy gold bullion of stipulated standards for three pounds, 17 shillings, 10% pence per troy ounce. The act of parlia- ment in effect resulted in the pound crue being equivalent normally to 865%. In the British foreign exchange market, recently with the pound ster- ling available below its gold parity, in relation to other currencies, it has been profitable for banks to acquire sterling pounds in the market, convert them into gold at parity, and then convert the gold into other currencies by exporting the gold. The pound sterling was pegged in New York during the war at $4.76: It reached this artificial height by means of securities sale of dollars held by British citizens. In 1919, it was decided to remove the support and sterling dropped un- til finally, in 1919, it hit a new low of $3.19. The gold standard has been adopt- ed by nearly every country since the war. Attempt to Seize ; ‘Bluebeard’ Fails Moundeville, W. Va., Sept. 21—(7) —A conference was arranged today ich | between the attorney general and Governor Conley to determine the disposition of Harry F. Powers, ac- cused slayer of five persons, who was brought secretly to the West State penitentiary here week-end when a mob county jail at Clarksburg, had been awaiting trial. Tear gas bombs effort to