The Bismarck Tribune Newspaper, October 15, 1932, Page 2

TOR Ot ee ON an A ‘*@ion performed in New York. (As- NAME MANDAN MAN SOUTHWEST CHIEF OF TEACHER GROUP L. G. Thompson Succeeds E. J.) Shrum, Hebron; Kjerstad | Is State Delegate | | D., Oct. 14 v—L. | Dickinson, | G. Thompson, Mandan, elected president of the southwestern divi sion of the North Dakota Education association, which closed its 13th an- nual meeting here Friday night. He succeeds E. J. Shrum, Hebron. Other officers elected were L G.| Lagault, Hettinger, first vice presi- dent; Mrs. Anne Brown. Medora ond vice president; Sophie Beach, third vice president, and H W. Pearson, Belfield, secreta treas- urer. President C. L. stad Dickinson ers’ coll named deleg: represt assembly at Grand Forks. Resolutio: Ing-up of t Girl Slayer | Edito | of six | | | “the worl When a j siding in e | California s of nomics a real, iss now he public appror met increase in of the and, associ: ademic | -— = x Insullisn} schol: by the {| presidential Dickinson aba | and Hoover ment of ¢ Tee ree ers du dition: meeting anking ho! Pp hold ex H of the state assoc Hold D Vario remedies ation of edt southwester partment mec The val was str deen of Teaciy tional, confre smoothed out Miss ni “Tf jection to o1 have been our pupils which to build school room different study Eleanore Lee teaching art in the “Art, as well as being language, is the mos: Means of expression.” sh Rural School Is Problem “Education of ¢ the open country of rious and difficult of educational) Problems,” Mrs. E. R. Brewer of Bow-/ man told the officers’ de; | “Fifty percent of teache Dakota are in rural schoi "she s “Economic conditions and aroused class consciousness ar the farm group have educ nificance. There is app: demand from farmers tt @ just share of bene education for their chi “The growth of tant movements cann measured. However, tangible progress ha: Year by year state d education are devotin ‘nd attention to the Mary Cassidy of Mot on unified courses ir stressed the inter Studies,” such as and civics. She value of the e training it gives for and well-being of t in good attitudes derived. “The caretul matter to be taugh one to organize a \ which one of t be stressed,” 's the most se-{ elves for of public 124 Cassidy sa South Dakotan to i Head Baptist Body! Hebron Oak | tists attend. of the North A. Alf of H Sessions. Other office J. Abel of Lehr. and Rey. CREAM Williston, N. mer Wicks of Valley City w: elected chairman of the North ta district of the Land O'Lé Creameries organization at the clos- | P: ing session of its a: here. A. J. Sandness of La Moure was reelected first vice chairman; Ole | St Thompson of Bottineau elected second | vice chairman; William J. Murphy of | Granville reelected secretary and} Mrs. A. O. Solberg of elected treasure: Film Actress Ill ! Lilyan Tashman, motion picture | actrees, is recovering from a re- j , @ent emergency appendicitis opera | Bism 1 convention | QU’ Salt Li Ss. Buford, re- | Seattle. Gracie eared court a short time before a jury found her guilty of first manslaughter in the fatal stabbing of Margaret Allen in a dance hal fight last February. (Associated |! Press Photo) | r ~ Weather Report frequent chan! G Low om th; lains S north Pac t OU Ss. | Sheridan. Wwyo., << | Sioux City, Ia., cldy. | Spokane, Wash., peldy.. 54 | Swift Current, 8., snow'g 36 The Pas, Man., snowing 24 Toledo, Ohio, clear..... 50 Winnemucca, Nev., clear 34 Winnipeg, Man., peldy... 48 A prel more than 4,000 Advertixement For Proposals i | will be received | | Capitol Com | in Mlinois. The Board of State Capitol Cor sioners reserves the right to a or reject any or all bids or parts of bids, ‘as it may deem best for the in- terest of the State of North Dakota. Bismarck and vicii ly and colder CLOUDY. ENERAL CONDITIONS Cit | Williston, ification: narck, s of Holabird & Root, A prth Michigan Avenue, Chi Goode, 18 as she ap: in a Birmingh 4, n irmingham, Alay | odoral rep degree To cong. cane lin’ D. FORECASTS ‘and Sun North Da- Partly and colder, tion tonight y cloudy ¢ south por: ‘or South Da- kota Partly cloudy tonight and Sund some- colder east central por- and Unsettled tonight ssibly showers north- Ider east of Divide to- Cloudy and colder, north portion cloudy and for the week beginning | e upper Mississippi and lowe leys and the northern a portions al over ippi iward over the Rocky re at 7a. m. 0.0 ft. | ‘T OF STATE POINTS am Low Pet. 8 bd . peldy . raining 6: , clear.. Hat. Alta., eld Mont, Wash., raining clear historic palace, thor years old, Cash in With a Tribune Want Ad oe Effect Upon Roosevelt Race | make it more intelligible, and Insull personifies the power trust in certain to ‘ss, it has given a subject | ROOSEVELT SEIZES ‘THE BISMARCK TRIBUNE SATURDAY, OC \Insullism Has Become Political Issu | |Already Has Had Considerable | pert Hoover. Roosevelt has made ac | aggressive issue of the power trust, | advocating . more effective federal | | control Hoover has recommended the same thing four times in four years, his views are not as emphatically fixed in the public mind, j difference is that Roosevelt is for, Hoover- s Note: This is the last stories on Samuel Insull, ld’s greatest failure.” | public interest in the political aspects | c the so-called power trust. half million investors re- very state from Maine to/ lose upwards of | s uuil- | Roosevelt attacked the “Insull mon- | ities empire not only has rocked the | strosity” in, his Portland speech. | Power industry but it has heightened | flayed such tactics bitterly. important single break ever had in their long campaign to} three-| make the power trust a popular and/| | per of the industry. Though! | ies. The essential | |°* x ek OK publicly owned plants, whereas Hoov- (Copyright, 1932, NEA Service, Inc.) | er is not. total) licago, Oct —The crash of} Quick to seize the oj ity. | thr uel Insull's $4,000,000.000 Qi he opportunity, through these He they a billion dollars in Insull| understandable issue. or the power trust issue, ue needs a personality to mind. priately called “Insullism” | 1” promises to color the campaigns of Roosevelt r on an increasing scale. in to be the subject of a! ation in December. It imulate legislation for | re- will help Roosevelt and hurt He Chief among these Progressives is In certain big companies to which | own money invested. he called attention, Norris said the! sible, but it was not the situation; | convention city in 1933. stock had been “watered” to the ex- tent of $520,000,000. Franklin D. Roosevelt for President Roosevelt-DePuy Ticket Cut This Ballot and Take It With You to the Polls on Tuesday, Nov. 8. OFFICE TO BE VOTED FOR PRESIDENTIAL ELECTORS Democratic PIERCE BLEWETT ee P. H. COSTELLO W. D. LYNCH — Reosevelt W. H. PORTER P. W. LANIER REPRESENTATIVE IN CONGRESS VOTE FOR TWO NAMES GOVERNOR LIEUTENANT GOVERNOR SECRETARY OF STATE TATE AUDITOR STATE TREASURER ATTORNEY GENERAL COMMISSIONERS proposals a, 1 for this work may be the office of the Seere at North Dakota, and in the hitects, BOARD OF STATE CAPITOL COMMISSIONERS, State of North Dakota, George A, Bangs, President, Grand Forks, North Dakota, Frank L. Ander: Bismarck, ecretary, orth Dakota. September 24, October 1-8-15, 1952. |" “COMMISSIONER OF INSURANCE COMMISSIONER OF AGRICULTURE __AND LABOR _ RAILROAD COMMISSIONER STATE SENATOR 2ith DISTRICT MEMBERS OF THE HOUSE OF REPRESENTATIVES 2ith DISTRICT VOTE FOR 3. NAMES W. D. LYNCH R. B. MURPHY HERBERT C. DePUY R. A. JOHNSON STANLEY F. CASEY GRACE HOOPES WILLIAM M. SCHANTZ SCOTT CAMERON PERRY R. BENNER JOHN MAGILL ARTHUR L. CHAPMAN J. W. GUTHRIE Cc. A. ANDERSON J. H. RILEY J. M. THOMPSON pany’s investment. j | 000,000 of increased valuation at 6|for originating and selling additional | than $30,000,000 yearly in rates high- | enabled Insull toeraise money for his | er than they might. be. Upon groups of operating compan-| company marketed ies are erected holding companies| bonds. its debentures on the basis of whose financial operations are far) the earnings of the company below | more complete and intricate. Re-/ it. capitalization through these holding companies provides additional op- portunity for the promoters to profit. |Insull had scores of such compan- were stacked five deep. With successive concentrations of | voting stock (only a small part of the | Thus, if the “insiders” had a com- paratively small investment in | topmost company, they could control | history. The Insull collapse has given Sen-/} everything below it. | ate Progressives probably the most] CONTROL VESTED IN have | ONE PER CENT HOLDING To sum it up: When Insull’s Mid-| $2,500,000,000 emerges from the haze of cold eco-|genator George Norris of Nebracka | cstimated that $20,000,000 invested in nd becomes something pain-| who has fought for years against the | ‘Ne top holding company would con- |tacties that finally brought ruin to/ ‘Tol the whole far-flung empire that Insull and disaster to his investors. | Stretched from Maine to Texas. That Norris, campaigning for Roosevelt, is|"¢Presented control by an amount} expected to tear into “Insullism”| ©4Ual to less than one per cent of the! He and his meth-| anew, In a senate speech this year, Nor- hing that the layman can | ris cited a report by the federal trade tem went even further. fcommission to show that the power| sible for him to control the whole | ie ‘industry was heavily overcapitalized. | Insull empire without a cent of his| the concluding session of the annual total! But Insull's amazing financial Insull did invest his own money.) The explanation of this lies in the! Gilbert of Fargo, first vice president; “That means,” Norris said, “that/ fact that, to short-circuit stockhold-| Pearl ation of public utilities.) with the investigation only partly | er control, Insull often used a voting’ treasurer; Josephine Osland, Cava- c completed, the federal trade commis- for debate equal to the Teapot Dome | sion has disclosed ‘write-ups’ (that holders trusted to him the voting u | means water) of $520,000.000 on which right of their shares. the poor people, the common people. must pay a profit at all times.” Usually, local rate-fixing commis- sions allow rates that will provide a! Without a penny invested. return of 5 to 8 per cent on the com- rangement at would have made it possible for In- sull to control the whole structure These holding companies had an- STOBER 15, 19382 To support $520,-| other purpose. They were vehicles cent, the public would pay more | securities to the public. Thus they Each holding | | constant expansion. its stock, its been cut five per cent. Buy or Sell Through Attorneys Ask Death Sentence For Pair Accused of Murdering Convict Capping the great financial pyra- mid were Insull’s two super-holding companies, the $250,000,000 Utility Investment company and the $150,- Florida’s Penal System . Is Rapped in Arguments PR rReNEN emt =<SBO neem Te Swan French Ministry of Finance have Thru The Tribune Want Ads as 000,000 Corporation Securities, Inc., both of which have now collapsed. When bankruptcy auditors dug into these they found each company had invested millions in the stock of the ascended peak-wise| other, control was snarled and in- holding companies.| tertwined in a series of manipula- tions that probably represented the most amazing financial juggling in Sometimes his holding compan- each controlling the one below Jacksonville, Fla. Oct. 15.—(P)— Florida's penal system drew sharp criticism Saturday as attorneys fired their final arguments in the trial of two former convict camp officials in the sweat box torture death of Arthur Maillefert, a young prisoner from New Jersey. As the 11-day trial drew toward a close Friday, Assistant State's Attor- ney Samuel B. Wilson urged the death penalty for Captain George W. |Courson and Guard Solomon Higgin- ;botham who are accused of responsi- bility for Maillefert’s strangulation while confined in a punitive cell. Such a verdict, he declared, would Bismarck Shoe Hospital We Rebuild We Do Not Cobble We Resole with “K. L.” Leather “ Burman’s Shoe Hospital Service and Quality 107 dra Street 211 4th Street Next to Bismarck Hetel control the This was the house of cards that Samuel Insull built up for himself and by which he was destroyed when it collapsed in the greatest business failure in the world’s history. West Utilities company was a (THE END) organization, it was San Haven NurseIs_ | not only be a just judgement for the death of the prisoner but on the |“hellish convict system of Florida as well.” Only closing arguments and the charge of Judge George Couper Gibbs remained before the case could go to the jury. A night session was planned | Friday night but was cancelled when | Wrors told the judge they were fa- tigued. The state contends Maillefert was placed in the sweatbox for punish-| ment for attempts to escape in such a| Named N. D. President Grand Forks, N. D., Oct. 15.—(P}— Mrs. Mildred Isakson, San Haven, was reelected president of the North Dakota Nurses’ association Friday at It was pos- (This was pos-| convention here. Rugby will be the! Other officers reelected were Sister Voge, Bismarck, secretary- weakened condition that he was Prices trust arrangement by which stock-! lier, corresponding secretary; and|hanged by the chain placed about his Ph 141 Mabel Hertsgaard, Fargo; Minnie|neck to force him to stand upright. lone Such an ar- topmost Dahl, Minot; Mrs. Alice Danielson, Grand Forks, and Esther Teichman, Bismarck, directors. Lucille Paulson, Grand Forks, was elected second vice | President to succeed Mathilda Paul, Minot. The defense contends the young pris- | oner deliberately hanged himseif rather than serve his nine-year sen- tence for robbery. the French & Welch Hdwe. Co. rung the All salaries and wages in --At- BISMARCK Wednesday, Oct 19th At 8 P. M. in the City Auditorium Come-Hear The program of progress and common sense which the Dem- ocratic party offers you in the state and nation. Hear a clear-thinking man analyze the problems of North. Dakota. He offers practical remedies for our ills. The policies of Roosevelt in the nation and of DePuy in the state mean a return to prosper- ity anda square deal for farmer and business man alike. They offer the feasible way to farm relief and better business. H. C. DePuy for Governor The Burleigh County DePuy for Governor Club . (Political Advertisement) Furnace Cleaning r) We will vacuum clean your furnace with a Sturtevant Vacuum Cleaner, paint the castings, inspect the grates and smoke pipes, all for $3. All Repairs at Reasonable