The Bismarck Tribune Newspaper, December 29, 1932, Page 3

of Country Is Facing Reality of Economic Troubles to Re- markable Degree 1932 HAS BEEN TRAGIC YEAR Anti-Hoarding Drive, R. F.C. and Home Loan Bank In- stituted in Emergency By JOHN W. LOVE (Copyright, 1932, NEA Service, Inc.) The promise of the new year is cheering in one respect: the country is facing its realities to a degree it has not been since the gay deceptive days of midsummer, 1929. This means that many outfits will be making settle- ments they have been putting off for @ long time, and perhaps that the country as a whole will either give up the idea of returning to post-war price levels or decide by & supreme effort to restore them. A good deal of the settlement is al- ready behind us. of debt have been made in several direc- tions and are being made right along in others. Many debtors now strug- gling with six per cent interest may have their burden noticeably lightened during the new" year. The black of 1932 is certain to be ‘ remembered for its long tragedy, not alone for its unemployment, its de- cline of industry, the struggle with the national finances, but also for a false dawn in late summer, Once prosperity seemed really to be coming back, on the wave of seasonal improvement in August, but some of it faded with the color of autumn. Then the winter of our discontents set in, at the same time that ways out of our troubles begin to become clearer in front of us. A NEW BEGINNING ‘We must. in a sense, begin over. ‘Last spring witnessed the development of a national program which was re- markably consistent with itself. While @ campaign against hoarding was go- ing forward, the government formed the Reconstruction Finance corpora- tion to lend to hard-pressed railroads, banks and insurance companies, fol- ‘lowed it with a Home Loan bank, and rotected national banks with further privileges of currency issue. ministration capped it with a confer- ence in Washington to initiate the shorter workweek and industrial pur- chasing. Then we awaited the com- of prosperity. mt arrived, it seemed, on schedule. ‘The stock market saw the most re- markable boom in history (in percent- age gain). Commodity prices rose rap- d idly. Money returned to the banks. ‘ Business activity responded in August. ‘The boom was on. But the frost was early. A permanent residuum of confi- dence was doubtless restored by the acts and decisions of the first half of the year, but the closing months ended in disappointment. Commodity * prices returned to their old lows, due Jargely to the decline of the British pound and other depreciated curren- cies in prospect of large payments to the United States on war debt ac- count. As gold moved to this country foreign currencies were deprived of some gold support, prices in their countries dropped, and those of our prices dependent upon their markets responded. ‘TRADE AND WAR DEBTS Yet, it does seem as if almost every f single tough problem would be behind : us if only a solution for the war debts tangle can be found. When, this is effected, international traders will take heart, business activity will return, and national deficits disap- pear. To reorganize individual con- cerns while this is taking place na- tionally and internationally is likely The course of employment was downward through most of 1932, with ‘The same description answers for in- dustrial production. The year’s close completed a four-year decline in for- eign trade, at the end of which ex- ports were about one-third of 1928. Yet gold production, United States and Serre gd rising, a har- binger of es, Let us look at some of the indus- but by spring it was rapidly declining, eee @ low point in July. Steel production was irregularly downward all year, closing in miserable ton- nages, Auto production was brisk in early summer, then headed for ex- tremely low levels 2. fall, suddenly rising at the year-end. ‘The coal industry was the first to pass last year’s records—for coal the corner seems to have turned. Rail- road freight car loadings were irregu- Jarly lower most of the year, with rally at the close, The building in- dustry had the flattest year in living memory. KREUGER AND INSULL ‘The business men of whose affairs the ocean cables ticked off the moe tive from justice. "There were fewer mergers in 1932, reorganizations Business Looks Up As 1933 Approaches| FOR COMMISSIONERS to be the main task of the new year, | Our @ slight improvement in early fall.|¢very omitted dividends, an announcement affecting more stockholders than any similar word in history. ‘The automobile industry is starting 3 new season’s production with an COMPLETE PROGRAM MEETING JAN. 10-12 unanimity not seen in years, a fact |Governor-Elect and Chief High- which promises well for it shaking it- self permanently out of its recent las- way Commissioner M’Kin- non Among Speakers Devils Lake, N. D., Dec. 29—(7)— business ditions would have to forecast how, Details of the program for the 26th economists’ the “political ” will handle the national deficit. It is probably a Good guess that most of the obvious deficits will be ernment to lend to vital financial in- annual meeting of the County Com- missioner’s Association of North Da- taken care of in new] kota to be held here Jan. 10 to 12 dress. Main addresses are scheduled by Governor-Elect William Langer terests, individual concerns will have |the opening day, by Chief Highway to work along as best as they can, hop- A. D. McKinnon and ing for higher prices eventually but H, J. Taylor, bureau of public roads, meeting present day markets-with a|the next day. determination to stay in business, no matter what happens to prices, THANK COMMUNITY FOR XMAS EFFORT Goodfellows Report 180 Bas- kets Distributed; New System Is Praised Reporting to citizens of Bismarck on the work of the “Good Fellows” campaign this year, Rev. Floyd E. Logee, general chairman, said 180 baskets were distributed to the needy at Christmastime, 50: of them con- taining double portions for the bene- fit of large families. He expressed pride and pleasure at the manner in which local citizens supported enterprise. The system adopted here this year, he said, probably is the best followed by any community in the northwest, since it prevents duplication of ef- fort and makes every bit of energy expended count toward success. “No community could have done more toward the spreading of Christ- mas good will,” Rev. Logee said. “The demand upon the committee this year was by far the greatest yet made. The final check-up of the committee at its recent meeting shows that 180 baskets were distributed to as many families, 50 of these baskets carry- ing double portions. Only the heart- fest cooperation of the community in Providing foodstuffs and money, co- Operative buying and packing, and the generous treatment accorded the project, by local merchants, bakeries’ and wholesale houses has made this possible. D. E. Shipley, treasurer of the committee, reported all bills cared for and a detailed report was sent to the Association of Commerce un- der whose general supervision this work is carried on from year to year. At the meeting of the committee to check over the work done, a number of 81 were made for effec- tively carrying on the work for next year. The plan followed this year, it was agreed, has many advantages over those of previous years and over Plans followed in other cities. “This plan of full cooperation through central packing and distri bution was unanimously adopted by representatives of the numerous or- i Minot, N. D., Dec. 29—()—Orland Heys, confessed member of a ring of auto thieves which operated out of this city, was sentenced Thursday by Judge John C. Lowe to serve from one i of larceny ofan aut ill H i : rar ty? piety tl A L: 7 Hi i g 52 i : ! | 5 \ H i i i ze i : H i i Mayor A. V. Haig will give the ad- dress of welcome, to which J. I. Ro- vig, Mandan, president of the asso- clation, will respond. Committees on question box, resolutions, finance, by-laws, and nominations then will be appointed. A band concert by the Devils Lake Boy, Concert band will close the first day's session. Addresses by McKinnon and Tay- lor comprise the activities at the morning session the second day. In the afternoon reports and general discussion of road problems, federal, | Pass. state and county will be held. H. W. Swenson, Devils Lake, will bring the afternoon meeting to an end with an address on poor relief. A banquet is scheduled in the evening. Reports of committees, selection of the next meeting place and election of officers precedes adjournment ; Thursday. Besides President Rovig, officers of the association are Gust Tweeten, Benson county, vice presi- dent, and J. F. Strauss, Wells county, secretary-treasurer. the| Says North Dakota Has Crow Problem If North Dakota had one crow where it now has 10 it would have crows enough, the state game and Maurek, game and fish commission- er, said that devising means of con- trolling the old black crow still is a problem. “Crows have multiplied and thrived in the face of civilization until now we have a situation where they are too numerous for the good of our song birds and game birds,” Maurek reported, at the same time praising those communities where drives have been made to exterminate them. Through the activities of the Sportsmen's league of Grand Forks county, the county commissioners au- thorized payment of a bounty of 10 cents on crows and as a result up until about June 1, 549 crows had been killed. ‘The Kenmare Sportmen’s associa- tion helped to exterminate the crows by offering prizes for the greatest number ef birds killed. As a result early in the season 600 crows had been killed and 2,200 eggs destroyed. At Oakes, the report stated, 4,897 crows -were killed in several drives. a Helps His Victim | Identify Himself Minot, N. D., Dec. 29.—(?)—This is not a story of how a man bit a but it’s just as unusual. il Johnson, a transient, vic- tim of a holdup, was taken by Police Wednesday to view Walter Hatch, 24, of Flint, Mich., one of two men held in jail here and who authorities say confessed robbing Hanson. Johnson said he couldn’t iden- tify Hatch as one of the robbers. “What?” exclaimed Hatch. “You're the fellow we stuck up. Don’t you remember how I searched you.” And with that Hatch proceeded to re-enact the holdup for Johnson, even to donning the same clothes he wore during the robbery, police said. Johnson finally was convinced authorities had the right man. Robbery charges were placed against Hatch and Lewis C. Bird- well, of Whitehouse, Tenn. Johnson, who said his home was at Minneapolis, was robbed of about $4. years in the state peniten-| Request Local Firms entered « plea of gulity to | ‘To Observe Inaugural Request that local business houses observe the inaugural ceremonies for state officers on January 4 by putting inaugural, Pointing out, also, that a large crowd is expected to attend the cere- mony, the Nonpartisan women asked that persons with rooms to let register them with the committee in order that.all strangers may be cared for. having such rooms are BR: ar the By WM. E. McKENNEY Secretary, American Bridge League Returning from the National Tour- nament at New York, we stopped off at Buffalo, N. Y., to arrange for the Central New York State Tournament, and the following interesting hand came up in a rubber game at the Buf- falo Athletic Club. Maj. D. J. Cadotte, in the following THE BISMARCK TRIBUNE, THURSDAY, DECEMBER 29 ,1932 CONTRACT EXPERTS PLAY IT 32 would not defeat the declarer’s con- tract. Remember that Major Cadotte is playing against a two no trump con- tract. He played the three of clubs, His discards have now advised partner definitely that when he gets in again he must lead a heart. Declarer dropped the seven of dia- monds, East won the trick with the hand, was dealt four deuces. There is | queen of spades, and then led his sin- no question but that four deuces have @ definite value in certain games, but bridge players usually consider them insignificant and detrimental rather than of value to the hand. However, Major Cadotte certainly made use of his deuces to convey def- inite information to his partner which enabled him to defeat the declarer's contract. A-9-7 The Bidding South was the dealer and elected to You might say that this is a very fine hand with which to pass, but the hand really does not have any future unless partner can put in a bid. How- ever, it is a question—personally, I would prefer to pass with the South hand, especially first hand. ‘West passed and North opened with one diamond—remember that third hand is entitled to make a weak open- ing in the one over one system. East passed and South bid one spade—a one over one. North then signed the hand off by bidding one no trump, but South elected to make a further try on the hand and bid two spades. This might be termed as a sign-off bid, but in view of the fact that part- ner had opened third hand, and has now signed the hand off with a no trump, this bid of two spades is con- structive in nature. Spades wes the only suit that North could not play the hand at, so he elected to bid two no trump, and now South made a very fine pass. East opened his fourth best club— the five—and declarer won the trick with the ten, Major Cadotte in the West dropped his first deuce—the deuce of clubs. Declarer then played a small spade, fi the ten spot, and Major Cadotte’s second deuce fell. The declarer could see that a sec- ond finesse in spades would not help him—that his only chance was to try| to drop the spades—so he led the ace and king of spades. On the second of these two cards Major Cadotte dropped his third deuce —the diamond deuce. The declarer led another spade from dummy, re- fusing at this time to take the dia- mond finesse. gleton king of hearts which Major Cadotte was careful to overtake with the ace. He then ran off five heart tricks which, with his partner's one spade trick, were sufficient to defeat the de- clarer’s contract one trick. . So you see that deuces, at times, Play just as important a part in the hand as aces and 5 (Copyright, 1932, NEA Service, Inc.) ENGAGEMENT RIFT BROUGHT 70 LIGHT Daughter of Charles G. Dawes and Naval Ensign Princi- pals in Case Evanston, Ill, Dec. 29.—(?)—The Herald and Examiner Thursday said there was considerable mystery about the matrimonial intentions of 18- year-old Virginia Dawes, adopted daughter of former Vice President Charles G. Dawes. Report had it, the paper said, that Miss Dawes would visit Commander and Mrs. E. Hunter Tennent in Washington. She was formally re- ported engaged to their son, Ensign John Gardner Tennent, last June. But, The Herald and Examiner said, Mrs. Dawes gave denial to the report, declaring Virginia “was not going out of town over the holidays.” She also made it clear, it was said, that she considered the engagement a thing of the past. Some time ago Miss Dawes created @ furore at Northwestern university, where she is a freshman, by wearing the fraternity pin of James Martin, who was working at a gasoline filling station to earn his college expenses. She returned the pin, she said. ENSIGN TENNENT IS SILENT ABOUT AFFAIR Washington, Dec. 29.—(#)—Ensign John Gardner Tennent said Thursday regarding the report of a possible broken engagement between himself and Virginia Dawes, adopted daugh- ter of Charles G. Dawes, “that all will me.’ The rumor of a rift surprised friends and relatives of the couple here, who thought that Christmas time had brought a re-kindling of the romance, i even though Miss Dawes had failed to arrive in Washington for her sched- Fee holiday visit at the Tennent ome. HITS POPULAR BELIEF Columbus, O., Dec. 29.—(?)—Infor- | mation gathered from 2,300 college | undergraduates was used Thursday tc) support a claim that university ite | ‘Would you now make the mistake of signalling with a heart? If so, you AMERICA’S In these capricious times, there are still who cherish values .. those their sense of who establish limits yond which they refuse to secrifice their standards of. personal living. is the Roney Plaza clientele. Experienced in the good things of life, they prefer finest cause, while it. has rates those. high standards N. B. T. President cean Front commensurately with present overhead costs, it has not lowered increases the interest of young per- sons in religion. 2 have to come from Evanston, not from ’ a POLITICAL LEADERS ASSEMBLE IN CITY | AS SESSION NEARS Legislative Assemblies Will Gather For Opening Cere- monies Tuesday With the opening of the 1933 leg- islative session less than a week away, members of the legislature and oth- budget board in its report to the leg- islature. ers interested are beginning to as-/ tor, semble in Bismarck, Among these are Mrs. Minnie D. Craig of Esmond, a veteran of the house of representatives, and R. W. Frasier of Crosby. Both have long been active in state politics, Mrs. Craig having been Republican national committeewo- man for North Dakota in 1928, and Frazier having been at various times chairman of the Republican state central committee and of the Non- partisan executive committee. Mrs. Craig has been a leading mem- ber of the house appropriations com- mittee for several sessions and may head that important body at the coming session. Several years ago she was a member of the state bud- get board and is familiar with the state’s fiscal problems. Frazier, according to current re- ports, is slated for an appointment by William Langer to an important state office, he having been a strong supporter of Langer for several years. Rumor has linked his name to the of- fice of state fire marshal, now held by Henry Reade, whose term expires next July. At noon Tuesday, the assemblies will convene for the 60-day session, with taxation, prohibition and changes in the governmental struc- ture among problems expected to de- mand a large share of attention. Caucuses are planned and possibly will be held by both the Nonparti- san League faction and the Independ- ent Voters’ association group the day ee the of the ses- ion. All members of the legislature are expected to be here by Monday. Election of a speaker will hold the interest in the house, where the Non- partisan league has a better than two-thirds majority. In the senate ihe League falls four short of two- To bring the state budget down to & figure nearly $3,000,000 under the appropriations of two years ago, is regarded as the outstanding problem before the assemblies. The reduc- tion is one recommended by the state COLDS Why suffer with the flu, when you can be quickly relieved at the Class Health System A trial is all we ask Phone 604 206 Main Timmerman Helps Untangle Account Bound over to the next term of Morton county district court, when he waived preliminary hearing on charges of embezzling funds from the city of Mandan, John A, Timmer- man, former Mandan treasurer, has furnished bond of $15,000 and is as- sisting special auditors in checking and correcting the city’s books. Timmerman will be arraigned in district court in February. He was specifically charged with embezzling $15,000 from the city during the last three years. State's Attorney C. D. Cooley signed the complaint. ed before Justice of the Peace Charles M. Sheehan on charges of assault with a dangerous weapon, Joe Wetzstein, Glen Ullin farmer, waived preliminary examination and was bound over to the next term of district court. Wetzstein is charged with stabbing Joseph V. Shafer, a neighbor. TWO DIE IN COLLISION Hamilton, Ont., Dec. 29.—()—Two Persons were killed and six others, one of them State Senator Joseph Acker- man of Cleveland, Ohio, were injurea in the collision of two automobiles near here Wednesday night. The dead are Mr. and Mrs. Alan Macau- lay, of Welland, Ont. Others among the injured were James McElroy, Sr. Cleveland; and his son, James McEl- roy, Jr. champion junior amateur speed skater of the United States. The Screen’s Sweetest Love Story! Latest Style Frames Only $5.50 Expert Eye Service at Lowest Prices in the Northwest Dr. T. M. MacLachlan Dr. A. S. Anderson Bye Specialists yi Lucas Block Bismarck J. W. CALNAN Funeral Home FINEST and. CABA be- OF such merica's Hotel, be- adjusted its of guest comfort, Roney ‘ OCEAN FRO PLAZA bore! NA SUN CLUB each promenades’ gardens what the Roney ANE: ve extraordinary serve ice and interesting social life wh have made it famous. n this wide seaside pavilions of celebrated Cabefia Sun Club - » . eround water pool .. . the elevated currents of friendly resort life . . . charming’ sophisticates who find satisfaction -of all their vacation desires. Edwerd B. J pé . jousfres ° NT HOTEL wih MITZI GREEN - MAY ROBSON Buster Phelps, Edgar Kennedy, Matt Moore, Kate Lawson. Direaed by John _ Rabarwen. Dovid 0. Setanich, execution producer. ich white in these smart the the outdoors salt- » » » end the tropic move the brilliant in Plaza offers thorough t & FREE Orphan Annie Candy Bar to the