The Bismarck Tribune Newspaper, January 18, 1933, Page 2

THE BISMARCL TRIBUNK, WEDNESDAY, JANUARY 18, 1933 =} MONEY’ ISSUE 1S: PROPOSED IN BILL OFFERED IN HOUSE Mountrail Legislator Would Make ‘Bond Currency’ Ex- change Medium in N. D. Issuance of “bond currency” 1s ‘ “provided for North Dakota in a bill eintroduced in the house of represent- atives here Tuesday by H. T. Peter- “son, Mountrail county. Peterson said the “bond currency act” will furnish the people of North Dakota a “practical and legal sub- stitute for the lack of adequate medi-| um of exchange.” He said more than 2,000 localities , @te now using some form of bond eurrency or script as a substitute for U, 8. currency and “five other state contemplate an issue similar to this. The bill would authorize the Bank of North Dakota, as fiscal agent of the state, to issue non-interest bear- ing bonds in currency denominations ~and form, in exchange for certificates Of indebtedness from the state or any of its political subdivisions. “Bond currency” would be legal in| payment of taxes due the state or any subdivision but would not apply on “interest sinking funds” or Pay-| ment of outstanding bonds. Farm loans from North Dakota could be made in bond currency at not more than 2 per cent per annum of the face of the bond. Value of the currency would be at par with legal tender of the federal Government. R. E. Swendseid, Mountrail, pro- posed two measures, one providing for filing of disclosure of property when a garnishee defendant demands exemptions, and one giving the state supreme court jurisdiction in “jury cases” tried without a jury before the Tower court. House appropriation bill allowing $40,000 instead of $70,000 for main- tenance of the national guard was Passed and sent to the senate. The vote was 94 to 10 with 9 absent or Rot voting. Real Dog Law Asked By N. D. Wool Growers Fargo. N. D., Jan. 18—i—North Dakota Co-operative Wool Growers in Pargo Tuesday for their annual meet- ing asked a reduction in salaries and commissions charged in the selling of wool, grain and livestock and declar- ed salaries of corporate heads and the compensation of organized labor is in excess of prewar levels and is hind- ering equitable exchange of all lines of productions. The wool growers commended coun- ty agents “in helping and promoting co-operative machinery”; asked the legislature to pass a bill giving live- stock men “protection from livestock killing dogs”: and indorsed the Fraz- ter farm refinance bill. They declared they opposed repeal of the national marketing act, dis- “banding of the farm board or hamp- ering of its activities. George A. Wolf of Wahpeton was fe-elected president; R. E. Strutz of | Jamestown, vice president, and A. C. Bjerken of Fargo, Secretary-treas- urer. HOUSE Bills Introduced H. B. 45—Swendseid of Mountrail: Providing for filing of disclosure of Property when garnishee defendant exemptions. mittee. H. B. 46—Swendseid of Mountrail: Giving supreme court jurisdiction in “jury cases” tried before lower court by agreement without a jury. Judi- ciary. H. B. 47—Peterson of Mountrail: Authorizing state to issue “bond cur- tency” through Bank of North Dako- ta. Banks and banking. Passed By House H. B. 7—Appropriating $40,000 for Maintenance of national guard. Smoker Celebrates . Brocopp Promotion Officers and men of Company A of the National Guard arranged a smok- er Monday evening in the armory as Judiciary com- @ surprise for Captain H. A. Brocopp, | Ed: commanding officer. The affair was erranged to celebrate the temporary appointment of Captain Brocopp as adjutant general. Other Nationa! Guard officers re- siding in Bismarck also were guests. Captain Brocopp was presented with @ gift from the company. | Leavs U.S. Post | | For Moscow di the Bank of) “Tax on beer, $5 barrel AY Wholesalers, Breweries, $1000 a year $50 a year How wets propose to tax beer to raise millions of dollars for federal revenue is shown here. The taxes and annual license fees given above are those recommended by the Ways and Means Committee. Inset is Representative James W. Collier, Mississippi Democrat, who is the author of the beer bill | and also is chairman of the committee that recommended its passage. {27 ONS ATTEND ZONE: CONFERENGE District Governor W. Murray Allan Is Feature Guest At Mandan Tuesday —_—_.- e || Weather Report |! gio ue ----—- -- 8 | FORECAST For Bismarck and vicinity: Snow to- night and possibly Thursday morn- ing; warmer to- night. For North Da- kota: Snow to- night and possibly Thursday morn- ing; warmer to- night. For South Da- kota: Snow, slight- ly warmer ex- treme east por- tion tonight; Thursday partly cloudy. For Montana: Snow tonight and probably Thurs- day; warmer tonight west and north-| ‘central portions. ' | One hundred twenty-seven Li from a dozen Missouri Slope com- lence of the service organization at Mandan Tuesday night. Representatives came from Steele, | Di . Bis k, Hebron, Me- Minnesota: Snow or sleet and Giatky Beulah New Salem” Mott, warmer tonight; Thursday cloudy, Washburn, Glen Ullin, Elgin and Prise or snow in east and north, Mandan. ee oe decaieson | District Governor W. Murray Al- GENERAL CONDITIONS jJan, Grand Forks, was the feature | Low pressure areas are centered Suest of the evening. District Gov- |over Wyoming, Alberta and the Pa- ernors N. L. Haney of South Dakota cific coast region and considerably and Bill Tracy, Minnesota, who had | Warmer weather prevails from the planned to attend, telegraphed they Mississippi Valley westward to the would be unable to do so. Rocky Mountain region. Tempera-| The meeting opened with a dinner jaes rose 20 to 40 degrees in the Da- at the Lewis and Clark hotel, with \kotas, Montana and Wyoming. The H. M. McKee, president of the Man- weather is unsettled in all sections gan club, serving as toastmaster. and precipitation occurred at most! Following the address of welcome Places from the Great Lakes region by Milton K. Higgins, assistant at- Westward to the Pacific coast States. torney general, who 1s a member of re and colder weal ‘| Prevails over the eastern states, | the Mandan club, and the response Bismarck station barometer, inches: bY D. E. Shipley, Bismarck, Gover- 27.71. Reduced to sea level, 2959, | nor Allan made a plea for construc- pisses tive thinking and leadership in the NORTH DAKOTA POINTS Present economic crisis: 7 Taking ‘as his theme “He Took It am Low Pct,! Upon Himself,” Allan described how -5 .00 famous characters in history, in- 00 cluding Christ, Socrates, Plato, Liv- 00 ingston (African missionary), Wash- 00 ington and Lincoln, were men of ac- 00 tion and led their people through 00 crises, 00 "The need of today, the speaker ‘said, is men to do things with un- | selfish motives. Per,|_.W. S. Ayers, Bismarck, chairman 02 Of the arrangements committee for | BISMARCK, cidy. Devils Lake, peldy. Fargo-Moorhead, cldy Williston, clear .. Jamestown, clear Valley City, cldy. Grand Forks, cid; j Amarillo, Tex., clear .. | Boise, Idaho, peldy. |Calgary. Alta.. clear Chicago, Ill, rain . | Denver, Colo., clear . {Des Moines, Ia., rain. | Dodge City, Kan., fog. Imonton, Alta., cldy... Havre, Mont., cldy. . Helena, Mont., cldy. Huron, 8. D., snow 02» 00 00 Capital City. which A, C. Rausch, Mandan, ‘04 Songs, 48 00 solo. Group 00 ning was led 00 dan. 1» SNOW.. 16 City, U., snow 26 S'S. Marie Mich” anew “§ 74 @4 convention here. Seattle, Wash., snow... 32 28 .00; 5 sprntan, Wyo. snow.. 14 2 0 Cannonball Indians Bais City, Ia., rain.. ‘00; | 02 | 02 Man., clear.. -6 ured by several numbers out 6 Three Found Dead on Highway in Minnesota Wells, Minn., Jan. 18.—(?)—Three young men were found dead under an overturned automobile on Hight No, 9, eight miles south of Wells, > Wetneeiay, forts were being made to identify | them. ne said tural college, Né iborhood the college was posses reertay rituals, dances and way | group of Sioux Indians, Y% em Charging Bear, Col. A. B. Welch of Mandan. group from Dilworth, Minn., in Italian 9 Krauth of Hebron, N. D., and ’{ 000,000,000 of United States govern- .] ty 342 per cent bonds; ,Munities attended a zone éonfer-| ‘01 | the fifth district convention of Lions ‘00 Which will be conducted in Bismarck xt June 7, 8 and 9, told of plans, reparations and expectations for 10 the annual session and urged that as 0 many Slope Lions as possible take 00 time to attend the program in the Following a business session, over ed, the group was entertained by the Mandan triple quartet in a group of : Other musical features were pre- ‘00 sented by Mushik’s violin quartet and 01; Roy Young, Mandan, who sang a bass during the eve- by A. B. Larson, Man- 00 Beulah was selected as the city for -50 the next zone conference, which will 00 be held some time after the district Participate in Fete Fargo, N. D., Jan. 18.—(?)—Feat- 00 itstanding in the history of the Little Country theater at the North Dakota Aare as the opening event of farm and home week. There Was demonstration of by a &t 9 from the Cannonball Valley in west- _IlU.S. BONDS SOLD AT LOW INTEREST RATE) { |Yields to Investors in Some ts-1 sues Is Down to One- | Eighth Per Cent New York, Jan. 18.—(4)—Some $10,- ment securities have risen to levels! at which the yield to investors is little or nothing, if the yield is caleu- lated on the earliest possible redemp- | tion of these issues. | The flight of timid money into U. 8 government's has boosted the prices of a number of issues well above the prices at which the treasury may re- deem them. Included in the group of treasury obligations at which the yield at ma- turity, calculated on current prices, | has fallen to extremely low levels are $1,691,000,000 of treasury bills and, notes, maturing up to the end of 1933,; which at present prices return in- vestors from about one-eighth of 1 per cent to one half of 1 per cent. Al- so, there are $8,192,000,000 of longer- term bond issues which, if conditions warranted, could conceivably be re- tired this year at prices considerably below their present market prices. The possibility of retirement, how- ever, is considered remote. Conse- quently, investors have been ready to buy these bonds ai a premium over their callable prices. They are bet- ting that the issues will not be called, but wjll run to maturity. Included in this group at $1,382,000,000 first liber- 532,000,000 li- berty first convertable per cents; | and $6,268,000,000 fourth liberty 4% per cents. Would Name Bridge For Ancient Indian Four Indian chtefs—Drags Wolf, Wolf Lies Down, White Shield and Bears Arm—came to the North Da- kota legislature Tuesday to thank their white brothers for a bridge now being built across the Muddy Mis- souri at Elbowoods. | ‘West—Leader |nadian and E. P. Walker, the manager lfor Japan, is British. The majority * of non-Japanese employes are Amer- icans, ‘W. L. Malone, of New York City. 2 Singer official, said the AMERICAN FIRINS OFFICE ATTACKED) ius tgs BY JAPANESEMOB sesso | “« CONTRACT & EXPERTS PLAY IT Sa | By WM. E. McKENNEY ‘West—Leader East—Partner | Secretary, American Bridge League| Spades— . Spades— In my previous article, the rule of} Q-8-6-(5) eleven was explained. Following are several examples showing how to ap- ply this rule correctly. In every case, South ‘is the de- clarer at no trump, North the dum- | three my, West is the opening leader and the card led is in parenthesis. East is the partner of the leader. Example No. 1 ‘Winning low—then unblocking suit. North—Dummy Q-10-6 East—Partner K-9-8-(4)-3 A-J-1-5 bcsate ach {clubs and knives. a | The raid climaxed a half-year's Me | foreign -atatt members and Japancs e agents. It began with an agents strike which later developed practic- in Labor Demonstration ally into a lockout. Several minor disorders had at | cocurred At Yokohama =| Osaka and Yokohama branches of the ie ion ie himself twice assaultec Yokohama, Jan. 18 — (®) — Police, ae aaa in Osaka. Two months ago 70 Jap- held 138 Japanese Wedneday night for anese strikers visited the American Participation in a mid-day raid upon| embassy and asked American author- the Yokohama branch of the Singer ities to mediate in the labor difticul- Sewing Machine company. All mov- ties. able property and valuable records| ‘This visit to the embassy was with- were destroyed in the attack by a mob|out result. Of nearly 200 disgruntled employes. i — Richard McCleary, representative of Tokyo, Jan. 18—(}—Joseph C the New York headquarters of the company, who was in Japan|Grew, American rg in connection with its labor difficul-| Foreign Minister Uchida we tel ties, said the loss was “likely to reach| 2nd requested an immediate investi- several hundred thousand yen.” (The| sation of the raid upon the Singer Sewing Machine company branch at ‘Yokohama. yen is equivalent to about 20 cents). ‘The greatest part of the loss was He also req 4 adequate pol protection for American life and valuable records of instalment sale property in the future. | Singer Company Suffe West opens the four spot, his fourth best. Apply the rule of eleven, four from eleven leaves seven. There are three in the dummy, and as East, he partner of the original leader, holds four, he knows that the declar- er holds no card higher than the four spot. Therefore, if the declarer plays the six from dummy, East's seven ‘1 will hold the trick. Likewise, if the declarer plays the ten, East will win | eral services were cond at Brad- the trick with the jack; if the de-|dock last Sunday for clarer plays the queen, East will win |herd, 50, Hazell with the ace. Supposing the declarer played the six, the seven now holds the East should return the ace, and the jack, unblocking the suit so his partner can make the of that suit. If East is West, his partner, in to return the spades, which NEXT: How the “Rule of Eleven” operates. trom contracts and other documents which Hazelton, N. D., Jan. 18.—(4)—Fun- the rioters tore to bits and scattered over the place, ‘Three of the Singer company’s loyai Japanese employes and four Japanese Guards were seriously injured. No Americans or other foreign em- ployes of the concern were hurt. McCleary charged that police pro- tection was inadquate. “I am unable to understand how nearly 200 men were able to assemble and raid the om {oka pe Yokohama without po! ing able thters, all of] to halt them,” he said. ‘les, Orley Assert Police Knew “eae pt Pacteatded alleged il lage gpa orl reason ve the police had Florence, Italy, probably contains| knowledge that the raid might occur. more works of art than any other] ‘The Singer company is an American area. Concern, although McCleary is a Ca- Ee Fewer Cotas, a less severe oolds, and less expense — with a Vicks Pian for better Contrel-et-Celds. use many -) ds cold E>: . returned the suit East would have it blocked with the ace-; 6 Example No. 2 Wirn'ng low and returning suit ty weakness. North—Dummy Spades—K-10-7 two sons and two dai Hazelton, They are and Cora and Mrs. Luella Kiefer. ‘They appeared before a joint meet- ing of the senate and house to re- quest they be permitted to name the bridge “Four Bears” in honor of the Indian chief who in 1850 went to Ft. Laramie, Wyo., to smoke a pipe of peace with the government agents and to pledge cooperation of the Mandans, Grosventre and Arickira tribes in the opening of the Great Plains to the white adventurers. By this treaty the boundary of the Fort Berthold Indian reservation was set. Through interpreters they told of their brave ancestor, Chief Four Bears. They praised his courage in piercing hostile Indian tribes who infested the {plains to reach Ft. Laramie. “We have taken a lesson from our white brothers. We would honor a brave warrior, a friend of our white brothers,” said Chief Wolf Lies Down. Young Lawyer Quits As Probers Counsel New York, Jan. 18—(?)—Irving Ben Cooper, a young investigator trained in the Samuel Seabury school, has resigned as counsel to a senate inquiry into stock market practices, but information from Washington Wednesday was that the inquiry would proceed. In announcing his resignation Tuesday, Cooper said Senator Peter G. Norbeck of South Dakota, chair- man of the investigating committee, had dendied him a “free hand.” Nor- beck, in Washington, declared the senatorial power could not be del- egated. “The resignation is not important,” Norbeck said. “The investigation will A piece of charcoal placed on the shelves of a refrigerator, acts as an absorbent for all odors. Eleven Medicinal Ingredients LUDEN’S Cough Relief LUDEN’S Menthol Cough Drops HERE IS THE ‘NEWEST NEWS’ This is something nimble fingers can make at trifling cost. Cello- phane, the transparent material so many things are wrapped in, is RIED bel . ited, woven or folded into belts, ne lets. Minn.,!chapter in Fargo. B. V. Moore of 23, Jerome Kellestad, 27, a brother, and Minneapolis, president of the frater- about 25, a farm- nit e, will be it it ° j se mes farm- nity province, instal ing of. Junnar Johnson, | fleer. i ery. Address: Aunt Martha, c/o The Bismarck Tribune, Bismarck, N. Dak. | } “Red Line” Standard Form Legal Blanks The Most Complete and Up-to-date Send for Our Latest Legal Blank Catalogues Our catalog contains a revised list of “Red Line” legal blanks, comprehen- sively arranged in two different forms for the convenience of our customers. For 32 years The Bismarck Tribune’s “Red Line” series of blanks has been recog- nized as standard. Every blank put out under our trade-marks has been carefully examined and passed on by the best legal talent of North Dakota. _ New forms wili be added and old ones discarded from time to time as the passing or repealing of laws make necessary. 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