The Bismarck Tribune Newspaper, February 8, 1932, Page 3

‘aie 7 abs i | 4\% c7yt « HG Lemke Praises Frazier Bill as Aid to Farmer ‘Asserts it Will Stimulate Busi- ness By Promoting Money Circulation Editor's Note: Since numerous inquiries have been received re- garding the Frazier Bill for farm relief, The Tribune presents this explanation of the measure for their information. It was writ- ten by William Lemke, who is generally credited with having collaborated with Senator Lynn J. Frazier in framing the bill. Mr. Lemke makes an argument for the bill. The Tribune recog- nizes that many persons may dis- agree with him. If so, we invite their attention to the People’s Forum of this newspaper as a means of expressing their views. It is one of the most widely read features in this newspaper. By WILLIAM LEMKE The Farmers Farm Relief Bill has: again been introduced in the United States senate by Senator Lynn J. Fra- zier. It will come up for discussion before the Agricultural committee in the not distant future. It is univer- sally recognized that if this bill is passed it will bring immediate relief to the farmers and the starving mil- tions asking congress to pass it with- state legislatures have passed resolu- tions acking congress to pass it with- out delay, and the Farmers Union is ‘unanimously supporting it, as are oth- er farm organizations. Therefore, it is important that we create a univer- sal enlightened public opinion in sup- port of this bill. This bill provides that the United States government shall re-finance the existing farm indebtedness at 1% per cent interest and 1% per cent! principal on the amortization plan. It provides that the United States government shall get the money with which to do this, not by issuing and selling bonds, but by issuing Federal Reserve notes secured by first mort- gages on farms. This ill asks nothing new. During the war the government virtually doubled the money in actual circula- tion by issuing Federal Reserve notes, secured by commercial and agricul. tural paper—promissory notes—en- dorsed by the local banks. This was done so that the government—the people of the United States—could as- sume the indebtedness that foreign nations owed to the international bankers who had bet on the wrong horse over in Europe to the extent of billions of dollars. If our govern- ment could do this to save the in- ternational bankers why not do the same thing now to save the farmers and the starving millions? New Money Plan If the Farmers Farm Relief Bill ‘becomes a law then there will be is- sued and put into circulation, among the people, several billion dollars of new money—Federal Reserve notes. It will again give purchasing power to the people—the farmer will pay his banker, his merchant, his lawyer and his doctor, and they in turn will pay their bills, and all will start. in again repairing and improving their homes. Employment and starvation will cease, the enforced idleness of from seven to 14 million men and women will disappear and we will hear no more of over-production. Con- sumption will again be normal. Real property, the kind we had in 1919, will return. ‘We have not enough money to do the money business. Money is a yard stick with which we measure the en- ergy of our people—we have not enough yard sticks to measure that energy—that is why there are seven to 14 million people out of employ- ment and why 28 to 30 million go to bed hungry every night, while at least another 100 million need new clothes and other necessities. We are being reduced to a nation of Indians, to a nation of trade and barter. gasoline, wheat for newspaper sub- scriptions, cabbage and eggs for wear- ing apparel. Ranchers are exchang- ing horses for vegetables, cows and hogs for food—and colleges are even exchanging education for wheat, and all because there is not money enough to do the money business, not suf- ficient yard sticks to measure our en- ergy. In Kansas recently, a young man paid his wedding fees with a few sacks of wheat and in West Virginia, + @ young couple traded a basket of grapes to the county clerk for a mar- riage license. There is not even enough money to do the marriage business. - Less in Circulation ‘We have less money today in cir- culation than we had in 1865. At present, if we deduct the amount that is in foreign countries, we have $27.32 per capita as against $31.18 in 1865. But that is not the whole story. In 1865 we had only a few millionaires, today we have over 42,000 millionaires, multimillionaires and billionaires, and on top of that we have mergers, con- solidations and combinations, until practically all of the money is in the hands of a few international mon- archs, who are starving and throttling the prosperity of the nation. There is less than $10 per capita in circulation among the people today as against $31.18 in 1865. Then we were in the ox and horse age. Today Hunt Lost Airliner Above map shows area where searchers sought a missing airliner jearrying five men and three women. [The plane, en: route from Bakers- field, Cal., to Glendale, flew into a \ ile tocality and tog a Farmers are trading oats for! » us that we need at least $75 per capita in circulation to maintain our present. standatd of living and to prevent bank failures, Nearly all of the money, the yard- stick with which we measure our en- ergy, is in the hands of a few inter- national bankers, who are too ignor- ant to know how to use it and whose greed, if not checked, will bring ruin, eee and destruction to this na- ion. Within the last year the Federal Reserve Bank increased the Federal Reserve note circulation over a bil- lion and a quarter dollars in the, large cities, so as to save the larger banks, the cat's paws of the international bankers, from closing their doors and so that they could gamble and buy more foreign bonds and stocks and make loans to foreign nations at the expense of the American people. None of this money reached the’ farmers, the smaller banks or businessmen or the starving millions. We repeat there is not enough money to do the money business, and that the Farmers Farm Relief Bill, known as the Fra- zier Bill, if enacted into law, is the remedy. The benefits of this bill not only extend to the farmers who are still hanging on, but also to anyone who has lost his farm by mortgage fore- closure or indebtedness since 1920, and. to the tenant who has actually resid- ed on and farmed a farm for three years. FEDERAL COURT 10 OPEN HERE FRIDAY Sullivan Suit Against Bonding Company Leading Action on Civil Calendar A term of federal court will begin in Bismarck next Friday, it was an- nounced in Fargo Saturday. Fifty jurors have been summoned to appear, but several have been ex- cused by Judge Andrew Miller. There wilt be approximately 15 civil actions scheduled for trial and about 50 criminal actions, a majority of which involve either violation of the national prohibition act or in- troduction of liquor on Indian re- servations. the benefit of all others similarly situated against the Fidelity é& De- posit Company of Maryland and the Camp-Thorne company, for the re- covery of money spent for short- time gold bonds sold in North Da- kota by the Camp-Thorne company. Sullivan’s suit is for $10,000 but it was said that more bonds were sold in North Dakota. ‘There are no outstanding crim-, inal cases scheduled for trial. Persons who have been summoned for jury duty are M. W. Murray, Frank C. Smith, W. H. Alexander, H. H. Wilcox, and Leslie H. Bundlie, Grand Forks; R. R. Davis, John Pil- ler, Valley City; George Mock, Fargo; E. A. Moe, Galesburg; Arthur Ruth- erford, Venlo; James C. Huyck and Harry L. Winters, Minot; J. W. O'Rourke, R. B. Cummins, Mandan; Martin H. Bergrude, Killdeer; Ole Fykse, Hampden; Tollef Midbo, Hat- ton; George L. Walton, Carrington; A. N. Almos, Ambrose; John F. Hass, Lefor; Gunnar Johnson, Alsen; Spencer Nordin, Coleharbor;. Frank Bakewell, Colgan; Ole 8. Olness, Ryder; 3 F. McIntee, South Heart; Tschida, Glen Ullin; L. 8. Malling, Douglas; William Lowe, Kenmare; Harold Eklers, Douglas. Arranges Seed Sales For County Farmers Watford City, N. D., Feb. 8—(7)— Preference is to be given local farm- ers who have a surplus of seed wheat to sell this spring, according to E. A. Hendrickson, McKenzie county agent, who is looking after the seed re- quirements of the county. ‘The county will make arrangements to ship in the 80,000 bushels of wheat, which it has contracted to through the National Grain Stabili- zation corporation, only as it is need- ed, thereby enabling farmers to dis- pose of their surplus seed without competition from the county. “The wheat shipped into McKenzie county will be of the Marquis variety said. “This wheat will sell for ap- proximately $1.10 per bushel on the Watford branch.” WAS RECORD PRICE Fargo, N. D., Feb. 8—(AP)—At $3.25 a pound, LeRoy Anderson’ grand champion 4-H club lamb wi sold at the sixth annual show of the 22nd annual 4-H club institute here last December at a world’s record price. Anderson lives at Wild Rice. CONGRESS IS FACING DIFFICULT WORK IN IMMEDIATE FUTURE Unemployed Relief, Balancing Budget, and Expenditures Are Big Problems Washington, Feb. 6. began the third month of’ its session Monday with some difficult and criti- cal decisions just ahead. The highly controversial issue of direct federal financial aid to the un- employed is approaching a climax in the senate, with a showdown Tuesday or soon after on the $375,000,000 ap- Propriation bill sponsored by the La Follette-Costigan combination. The big campaign for budget balan- cing, under way in the house, is meet- ing a stiffening resistance from al- most unaccountable sources. ia for new outlays are piling There is much doubt over the out- come of the relief question. Solid ad- ministration opposition to anything savoring of the dole and Democratic objections, appeared in themselevs to make passage of the bill unlikely, but the dislike of many members for aligning themselves against a meas-/| ure so humanitarian in appeal, is! adding energy to the move for obtain- ing ® compromise not so contrary to) the principle expressed by President | Hoover and many leaders. ‘Tuesday is to see actual work begin on drafting the new revenue bill, a! measure which Speaker Garner and other leaders as well as the treasury heads, hope will bring in an addition- ‘al billion in annual revenue. Demand for big appropriations are 80 strong such men as Democratic leader Rainey of the house are wor- tied. A majority of the house mem- bership is claimed in support of a bill to set up a $100,000,0000 revolving fund for drainage, irrigation and levee districts. There is, much sup- port also in the house for the La Fol- lette-Costigan bill which now is troubling the senate. Others are seeking a $100,000,000 river and har- bors outlay, while strength is increas- ing for the $600,000,000 naval con- struction bill so far sidetracked. ‘These are just a few of the meas- ures which the leaders feel must be sidetracked if that budget balancing is to be reached. INFLUENZA CLAIMS TWO Mitchell, S. D., Feb. 8—(AP)— Two persons died here Saturday Among the important civil cases|from influenza. William Orvil, Usted red trial is one brought by John | Olinger, 10, son of Mr. and Mrs.| means that by various combinations Sullivan in his own behalf and for|James.E. Olinger, who was ill only] I can control 4,000 operations from two days and William E. Linafelter, , Alpena, were the victims. Sounds Warning ssociated Presa Photo Kenkich! Yoshizawa, foreign min- ister, ned the powers that uniess hostilities in Shanghai were halted, Japan probably would call upon its army to back up ni forces which have been held in check. “ Members of the fourth regiment, United States marines, shown here on duty in Shanghai, may be called into. action if the situation in the Chinese city menaces lives or property of Americans. These marines have been guarding the power. plant which furnishes light to the International Settlement. — ENTIRE FLEET IS | At the Movies; GUIDED BY RADIO New Device Puts Control in One Man’s Hands. , London.—Entire fleets of ships and airplanes, manned and controlled entirely by radio, are foreseen in the near future by Charles Keeling, a young English radio engineer. Keeling claims that he has per- fected a wireless invention that will revolutionize remote radio control. He declares that by his device radio signals cannot be jammed, even if another wireless station is operat- ing on the same wave length. Secrets Guarded. “I am guarding the technical se- crets very closely,” he said when asked about the invention, “for it has not been patented yet. Before taking that step I am going to con- sult the British admiralty, the war office and possibly the admiralty. “My method {s entirely new. On one wave length, high or low, I can transmit eight distinct signals. This a single wireless transmitter. “Two men in one airplane could fly a dozen or so craft currying hun- dreds of tons of freight or mail. With the new robot pilot, which the , alr ministry still has on its secret lst, these machines could be land- ed safely without a single hand touching their controls, Control of Boats. . “Cargo boats could be controlled elther from the shore or, if in a group, from one master ship, They would require no crew, every oper- ation of the boat would be me- chanical and would be controlled by wireless.” Keeling sald that the most valuable " commercial aspect of his invention was that it made possible a system of transmitting typewritten mes- sages by wireless which would not only be extremely fast but abso- lutely secret, “A girl sitting in London,” he continued, “could type out a mes- sage on the keyboard of an ordi- nary typewriter which would be simultaneously recorded in type- script ‘at all the receiving stations tuned: to that particular transmit- ter,’ There are extensive deposits of gold in Peru that have not been mined be- causé of their remote location and jlack of transportation. When Rest Is Broken Act Promptly When Bladder Irregularities Disturb S| RE you and tao hee geo FARGO'S. SOCIAL ©. COM a4, LIFE bothered with bladder tiess bur: Users everywhere rely on Doen’s Pills. ‘This time- U. S. MARINES MAY SEE ACTION IN SHANGHAI WAR PARAMOUNT THEATRE A stellar comedy trio composed of Buster Keaton, Jimmy ‘“Schnozzle” Durante and Polly Moran does its share to attempt to lift the current depression blues in “The Passionate Plumber,” which, heralded as M-G- M's latest laugh riot, will open today at the Paramount Theatre for two days. The three, together with Irene Purcell, are said to have side-splitting adventures in a story which depicts the diverting career of a plumber who becomes the guardian of a Parisian beauty and is involved in a series of riotous experiences in his attempt to Prevent the girl from succumbing to the charms of a two-timing gigolo. Keaton as the willing but bungling plumber gets into one absurd situa- tion after another. Chortles galore are promised from the moment the plumber, soaked by his inexpert ac- tivities in the bathroom, appears be- fore the distraught heroine in noth- ing more than a towel—to the delir- ous episode in which, encouraged by Durante, he engages in a duel with an insulted Frenchman only to turn the encounter into the most madcap sort of farce. CAPITOL THEATRE It’s her fate to be spoken of not simply as Irene Dunne, but as the Irene Dunne of the “Such-and-such fame.” When she came to Hollywood, fresh from musical shows on Broad- way, they hailed her as ‘Irene Dunne of the “Showboat” fame,’ because she had played the leading-role in that production. Then she played ‘Sabra Cravat’ and they began calling her ‘Irene THE BISMARCK TRIBUNE __MONDAY, FEBRUARY 8, 1932 Associated Press Photo. Dunne of the “Cimarron” fame.’ Now they’re speaking of her in the same terms in connection with ‘Con- solation Marriage.’ “I suppose,” she says, “it is be- cause I have had the good fortune —I'm sure it’s that—to be associat- ed with such big pictures and shows that they overshadow just plain Irene Dunne. As “Mary” in the powerful dra- matic RKO-Radio Pictures offering at the Capitol theatre, Miss Dunne paints an unforgettable picture of a very modern young woman—but be- hind that is the impress of a charm- ing actress’ personality. One of these days Miss Dunne is going to be “discovered” all over again—as Irene Dunne, actress, fame all her own! Pat O’Brien, John Halliday, Matt Moore, Lester Vail and Myrna Loy are other principals in “Consolation Marriage.” The La Porte Entertainers will play for a pre-Lent dance on Tuesday night, Feb. 9, at the Patterson hall. Miss La Porte and her entertainers are urday and Sunday evenings during the dinner hour in the Patterson hotel dining room. STAINLESS Same formula .. same price. In original form, too, if you prefer for 20 cous WICKS staging a floor show each Sat-| Establishment of Windbreaks Planned Bottineau, N. D. Feb, 8—-(P)— Planting plans for more than 300 demonstration windbreaks to ‘be planted in 49 counties this spring have been completed by Forestry of- ficials here. Farmers cooperating in the demon- stration windbreak project have been visited by the extension forester, and if the requirements for land prepara- tion had been complied with, detail- ed sketches were made, To encourage proper preparation of land, arrangement and > planting and future care the state forest nursery supplies trees for an average of five demonstration plant- ings in each county each year. BURIED AT FARGO Fargo, N. D., Feb. 8.—(AP)—Fu- neral servi | day for Mrs, Marjorie Cameror Burnes of Minneapolis, daughter of | F. D. Cameron, former Grand Forks resident. She died Saturday in Min- neapolis after a day’s illness, Adams County’s Corn Acreage on Increase ices were held here Mon-|crops, Immortals screenmake r as ‘Cimar lovely star triumph This time again in the role ofa girl bridi too wise to both er about tal in love with man she m. PAT O'BRIEN Whiz 1 Front Page the lad ng star perime lock MYRNA L< JOHN HALLIDAY MATT MOORE Today and Tuesday Daily 2:30 - 7 - 9 — 35c until 8 | Capitol Theatre the gunner’s aim i ‘There is a d REAT organizations of men and machin- ery ase coordinated in the firing of naval guns. Science is always seeking improved, more powerful explosives to hurl the giant shells + farther and farther. But all this is wasted unless s ACCURATE. irect parallel in reporting the news of_the:world. Colorful descriptions, dra- matic writing and speedy-transmission-ar (Verne less unless the subject matter is ACCURA’ zs i The Associated Press“maintains“aworld ‘wide organization so that news events, they may occur, will be reported ACCURATEL through direct observation and reliable source} = * by a staff interested only in verified FACTS. ; “AP” dispatches are dependabla. THE BISMARCK TRIB A:MEMBER NEWSPAPER OF THE ASSOCIATED