The Bismarck Tribune Newspaper, January 25, 1933, Page 2

2 = —- $40,000,000 SUIT ~ LAUNCHED AGAINST INSULL DIRECTORATE - Creditors of One-Time Utility Empire Charge Fraud in Stock Sales Chicago, Jan. 25.—\4--To the maze “ef litigation involving the enterprises of Samuel Insull, one-time utilities czar, had been added Wednesday a $40,000,000 suit against the entire di- rectorate of Insull Utilities Invest- ment, Inc, half-billion dollar hold- ing company. Suit was filed in federal court by Attorney Lewis Jacobson, counsel for petitioning creditors 5 Tuptcy action age concern, now in receiv “St. John’s Church vs. Si . sull,” the action was filed in behalf of approximately 20.000 holders of the trust's debentures. St. John’s church was located in Michigan, the suit set forth, but did not say where in the state. Upon filing of ihe sui subpoenas were issued against the defendants—| Samuel Insull, his brother Martin, * Samuel Insull, Jr, and 12 other di- rectors. The bill of complaint charged that ~ the company paid large dividends from 1929 to 1932 with the sanction of the directorate although it had no surplus; that between Dec. 1, 1931 and April 16, 1932, the date on which the trust went into receivership, the directors approved large sums in set- tlement of claims and law suits and that the defendants purchased much stock of dubious value. The bill further alleged that the directorate of the holding concern operated an intra-mural selling game in which stocks of various Insull Operating companies were sold and Te-sold to each other to create a fic- titious income. “At no tmie in the three years of| its life did the real income of the} company exceed its operating ex- 4 |@ravelling from Dawson to Napoleon;’ tion of 185 baskets of food to needy bentures will not mature for several years, ! ticipating in the state basketball | tournament. | The bill of complaint asked an ac-} Vigorous efforts for westward ex- jcounting and judgment against the| tension of air-mail service are being individual directors for all sums it}made by the aviation and tourist |charged were wrongfully diverted.! camp committee, acording to a report !The defendants were ordered to file| prepared by A. J. Arnot, chairman | an answer to the suit by March 6. |He said the proposed establishment i of a route through South Dakota by } the Mamer Air Transport company Ir @} ON T I N U E D is a move to halt westward extension i from page one | Seven Items Are ‘Though tourist traffic was lighter, 'the report said, patronage of the Bis- imarck tourist camp held up reason- ‘at a meeting of the committee last sd were Pia ge is \spring: No. 41, complete graveling Gisbursements oF © Ace ul. as ‘between Wilton and Mercer; No. 8, dropped $414.50 from 1931 while aut No. 21, regrading and gravelling from Among miscellaneous activities list~ Mott to highway No. 22 south of New ec. were: unemployment relief and England; No. 31, gravelling from benefit shows for unemployed; ‘com- to Center (completed); No. 14, gravel- cluding a program for children at au- ling from Sterling to Denhoff (now ditorium. during which 1,800 bags of ‘completed to Anamoose); No. 3, candy were distributed. and distribu | from Bismarck. Tourist Traffic Lighter | To Get Attention During This Year abiy wen vecause of its “location, service and equipment.” Camp re- * mobiles registered dropped from 2,381 gravelling from Richardton to Mott; to 1,882. ss Flasher to Cannon Ball river; No. 25, munity chest, to which $12.219.05 was grading and gravelling from Mandan subscribed; Christmas activities, in- t No. 11, gravelling from Hull to Ellen- families; jdale; No. 36, construction of road for needy: mass meeting for 112 miles east of Wilton; No. 10, pav- Wheat” movement; campaign against jing from Bismarck to penitentiary. passage of debt moratorium measure; 'The committee accompanied several and maintenance of information bu- ‘delegations from outlying communi- yeaus, ties to the highway department to In the capitol retention campaign. place requests, Nelson said, and also {he association rallied the city to the made a small contribution to the cayse and distributed 20,000 lette: |Great Plains Highway association, heads, 300,000 “Vote No” cards, 55,000 sponsoring a Canada-to-Gulf high- pamphlets and circulars; 15,000 pub- way. licity pamphlets, and 25,000 other gardens for “Dollat community | ! ‘STATE FAIR REPEAL | PROPOSED IN HOUS | | Cavalier Representatives Would Cut Appropriations For Attractions A bill to repeal the law providing for appropriations for state fairs was’ introduced Tuesday in the North Da-| kota house of representatives by W. M, Crockett, Cavalier county. His was one of nine new measures given first and second readings and referred to committee. Only citizens of the United States would be granted licenses for any pro- fession under provisions of a bill in- troduced by Jack A. Patterson, Ward county. H. A. Rindy, Eddy-Foster counties, Seeks to amend the present laws to provide that guest passengers in mo- tor vehicles can recover from insur- ance companies in case they are acci- !dentally injured. Judges would be permitted to set aside decrees of separation after four years and grant decrees of divorce through provisions of a bill introduced by D. L. Anderson of Logan. Four representatives are authors of the bill which provides for repeal of the laws now permitting a tax levy The industries and rates committee pieces of advertising matter. In ad- submitted to several packing firms qition two or more advertisements statistics on livestock production and yore sponsored in every newspape: shipping here, according to James jr'the state and 20 teams, numbering Trimble, chairman of the industries 6° men, visited 200 cities and towns in and rates committee. Figures also the drive. were presented to a cheese manufac- Committees Are Listed turing concern which may establish 4’ rompers of committees in charge small plant here. Regarding rates, of last eden’ projects were: committee members attended several Ageisitaee ~ George Duemeland, conferences with traffic experts from .)..i-man, H.O. Putnam J. P. Jackson, | other cities and sponsored a meeting 5"G "ward and George Bird. i |here in regard to the fight to retain ” . ition and tourist camp—A. J. |the present commodity freight rate! , or chairman, Gus ‘Wingreene, F. |schedule. Theodore Quanrud and H. L. Moule, J. L. "Kelley, R. B. Webb, P. Goddard, secretary, assisted in or- Ss | ganization of the North Dakota Trat- Frayne Baker, O. W. Roberts and Dr. fle association at New Rockford, the Wt Pey 4. pg i former being. elected treasurer. A! fund of $300 for emergency use in the chairman, M. H. Atkinson, George rate fight has been established. Mem- Bird. Dr. G. M. Constans and 8. W. Corwin. pense,” the bill averred. bers of the I. C. C. and North Dakota Entertainment — Harry Woodman- for county agent work. The bill is sponsored by C. N. Jodock, Williams; Martin Lund of Ransom; M. T. Lille- haugen of Walsh, and P. E. Swenseid of Mountrail. The committee on cities and mu- nicipal corporations introduced a measure to relieve cities of liability in case of accidents to individuals on slippery streets and alleys. It amends @ law now in force. ‘W. J. Godwin of Morton county, |&@! proposed in hig bill that part of the money now going to the game and fish commission be diverted to coun- ties for use in water conservation. Indefintely postponed were the bills for including grains and crops in “ab- {solute exemptions” and for punishing machine gun owners. Ei 4 | Bargai Roosevelt Expected to Ask What They Have to Offer to Help World Trade WANTS SIMPLE STATEMENT | ! 1 i British Spokesman Wants Aban- donment of German Repara- ! tions Under New Deal Washington, Jan. 25—(#)—Prelim- inary bargaining to test out the ground for war debts and world trade revival discussions may be advanced actively within tne next few weeks by European nations before concrete pro- posals are placed before this govern- ment. When President-elect Roosevelt Europe Ready to n on Debts: (GT MNMUM iah policy was welcomed in the Lon- don. as a clear and able statement of the Briti cancelation might be “going further than American opinion is yet prepared One-Time Champion To Essay Comeback Northfield, Minn., Jan. 25.—(P)— Ray Conger, conqueror of Paavo Nurmi in 1929, will run his last race when he attempts a comeback in the Millrose A. A. games in Square Garden, New York, Feb. 4. sits down early in March with repre- | 08 sentatives of those debtor nations which have met their obligations, he is expected to ask them to state brief- ly and simply what they have to of- fer in exchange for @ revision of their European govern- ments and statesmen probably will put forward numerous tentative sug- gestions to feel the way toward an ac- cord on what Roosevelt has in mind— tariff reciprocity and stabilization of foreign exchange in return for debts, concessions. In some quarters Wednesday the speech Neville Chamberlain, British chancellor of the exchequer, made Tuesday night was taken as a bar- ining point. In his address Cham- berlain said Great Britain would in- sist that the forthcoming negotiations be based upon an und that their result be final and that no more German reparations payments would be made. é Use the Want Ads PALL IN EFFORT TO AGE | Hous Rejects Proposal to Drop Teachers’ Salaries Below $45 a Month Efforts of Representatives Stone Hillman and Carl D. Symington, Pembina county, to eliminate the $45-a-month minimum wage for rural teachers struck a snag Tuesday when the members of the North Dakota house adopted a minority report rec- ommending indefinite postponement of their bill. and somewhat heated de- Vicks Makes Special Offer To Every Antiseptic User The bill set forth that $60,000,000 worth of debentures were issued by the Insull companies, $40,000,000 of which were credited to Insull Util- itles Investment, Inc. By defaulting * interest payments on the debentures, the complaint charged. and by “otherwise violating” provisions of the debentures, the investment com- pany owes the entire principal of + $40,000,000, although some of the de- a Weather Report | FORECAST For Bismarck and vicinit: cloudy tonight and Thursday temperatu: For North Da- kota: Partly cloudy tonight and Thursday, — possi- bly snow east por- tion; rising tem- perature For South Da- kota: Somewhat unsettled tonight and Thursday; sing temperature east and central portions, Unsettled tonight and Thurs decided change in temperature. For Minnesota: Partly cloudy. eolder in northeast, possibly _ snow ‘nd somewhat warmer in northwest rtion tonight; cloudy and warmer Partly rising ; no ton. GENERAL CONDITIO: High pressure areas are over northern Manitoba and over the extreme South while low pressure areas are centered over the Great Lakes region and over the northern Rocky Mountain region. Precipitation occurred in the upper Mississippi Val- ley and over the fa hwestern states while elsewhere the weather is Generally fair. Temperatures dropped throughout the Great Plains region but warmer weather prevails in Utah. Wyoming, Aloerta and Saskatchewan. Bismarck station barometer, inches 27.98. Reduced to sea level, 29.86, ntered NORTH DAKOTA Por BISMARCK. clear Devils Lake. clear Fargo-Moorhead, clear Williston, clear Grand For! Jamestown, Valley City, cl Minot, clear .. “6 0 OUT OF STATE POINTS am Low Amarillo. Tex. clea: 24 Boise, Idaho. cldy Calgary, Alta.. cle Chicago, Ill., Denver, Colo. clear. .. 26 Des Moines, [a., clear.. Dodge City, Kan., i Edmonton, Alta., c Havre, Mont Helena, Mont Huron. S. D., clear .... Kamloops, B. C., clear.. 30 Kansas City, Mo., clear 34 Lander, Wyo., pcldy.... 30 Medicine Hat, A., peldy. 22 Miles City, Mont., clay. 8 Modena, Utah, cldy..... 24 No. Platte, Neb., clear.. 14 Oklahoma 6 ee ong 8, ley. -10 Rapid City, 8. D., Roseburg, Ore., peldy... 32 St. Louis, Mo., peldy... 44 St. Paul, Minn., clear... 22 Salt Lake City, U., cldy. 32 §. 8. Marie, Mich., cldy. 30 Seattle, Wash, clear... 34 Sheridan, Wyo., cldy... 10 po Ag Beg cr 22 » Wash., clear.. 28 Swift Current, 8., pcldy. 18 The Pas, Man., clear.. -24 iy Peldy, Winnipeg, Man., clear. (campaign in the capital lursday, possibly snow in north por- | SSSakessescesssssses 38888 congressmen have been petitioned to} protect North Dakota shippers in var- ious cases. | 10,000 Circulars Distributed | Ten thousand circulars carrying |information about Bismarck were dis- tributed during the year, it was re- |ported by O. V. Bowman, chairman of the publicity and conventions de- | partment. Good will tours by busi- nessmen, the American Legion drum {and bugle corps and the juvenile band | contributed to the publicity cam- paign, he said, as well as the city's see, chairman. A. R. Tavis, W. 8. {Ayers and W. E. Doty. Finance and membership — H. J. Duemeland, chairman, Dr. Constans, Doty, F. A. Copelin, W. T. Kraft, Carl Nelson, L. K. Thompson and F. H. Waldo. Highways—Carl Nelson, chairman. F. M. Davis, Theodore Quanrud, J. C. Cherg and Fred Peterson. Industries and rates—James Trim- ble, chairman, W. G. Renden, L. K. Thompson, J. L. Bell, T. P. Allen, retention Quanrud. O. O. Lee and A. G. drive. | Publicity and conventions—O. V. Bismarck entertained more than 50 Bowman, chairman, H. O. Saxvik, E. conventions, with total attendance of A. Thorberg, John Peterson and Cor- 10,000 persons, Bowman said. These win. |were exclusive of amusement attrac-| Retail trade development—Dr. J. O. jtions, highway lettings, state corn Arnson. chairman; R. M. Bergeson, ‘show, poultry show, capitol corner-!Avers, Webb. B. O. Refvem and Burt ‘stone program and other affairs of Finney. ike nature. The largest conventions! Missouri river development—J. E |were those of the state education as- Davis, chairman, Baker, Gordon Cox jsociation, Farmers’ Union and the and Atkinson. {Luther League and Choral Union | Unemployment—James W. Guthrie. | These meetings brought approximate- | Dr. Arnson and J. N. Roherty. jly a quarter of a million dollars to’ Theater benefits—J. P. Wagner, B. Bismarck, Bowman estimated. F. Lawyer and Mrs. C. W. Moses. Good-will tours took 45 businessmen} Citizens Military Training camp— to 90 towns in the area. Dr. J. O. Arn- general, H. O. Saxvik, chairman, Bak- i { :}son, chairman of the retail trade de-jer and Atkinson; women’s, Mrs. G. |velopment committee, told the asso-'Olgeirson, chairman, Mesdames A. D. |ciation, Ninety-nine automobiles and McKinnon, J. E. Davis, J. A. Solien, oil and gasoline were contributed by; W. Edick and R. J. Kamplin and Miss members for the tours. In addition,|Mary Houser, all of Bismarck, and jthe committee arranged entertain-|Mesdames F. W. McKenary and |ments for various programs in the) Frank McGillic of Mandan. |area and assumed responsibilty for| Present members of the board of ‘regulating business holidays in- the:directors are J. E. Davis, president, (city. Burt Finney, vice president, J. L. Bell, | A report prepared by Harry Wood. treasurer, Dr. Arnson, A. E. Brink, H. mansee, of the entertainment com-/J. Duemeland, B. O. Refvem, W. G. mittee, said work in this line was re-|Renden, Dr. Towne and Harry Wood- duced during the year in the interests'mansee. Those who served part of of economy. Among affairs sponsored last year but retired following the last by the committee were: banquet for election are A. J. Arnot, O, V. Bow- Vice President Charles Curtis follow-' man, George Duemeland, Carl Nelson ing capitol cornerstone program; |and James Trimble. |State corn show; Dannuet for track jand field athletes last spring; and 8 Use the Want Ads {banquet for members of teams par- i | | ] “Sommmme world, this ! Sommmme coffee ! ” Sometime, someone may make better coffee than my wife and Schilling -but who wants to wait.” . \ Wings of the Morning e tty Percolator or coffee pot, Spécially ; prepared for any DRIP Maker. Filter papers in each tin. sara ta PILL ARSENE NETL ERAT EC IPONEE HAI AAE Dawson Man, 48, Succumbs Tuesday John Gregor, .48 yedrs old, died at his home at Dawson at 2 o'clock Tues- day afternoon. His death was caused by epilepsy. Born Jan. 18, 1884. in Minnesota, the son of Mr. and Mrs. Alexander Gregor, he moved to Dawson with his Parents when young and had lived there since. He was not married. |. ‘He leaves his mother, residing at Dawson. four sisters and two brothers Brothers and sisters are Miss Gene- vieve Gregor, Roderick and Alexander D. Gregor, residing at Dawson: Mrs. Anna Odell, Thunder Hawk, S D.; Mrs. Jesse Stickney Camp Doug- las, Wis.; and Mrs. J. E. Murphy Helena, Mont. Funeral services have been arranged jtentatively for Friday at Dawson. Makes Possible, At Small Cost, Test of the New Vicks Mouthwash and Gargle—For Halitosis, Oral Hygiene and Other Antiseptic Uses ‘The opening of the doors for separ- ate discussions with all debtors which paid their December 15 installments has been taken as a bid to France, Belgium and other defaulters to pay up and place themselves in a pre- ferred status. As it stands now, Roosevelt will talk soon after he takes office with Great Britain, then with Italy, C#ethoslo- vakia and Lithuania and probably with Latvia and Finland. ENGLAND TO ASK FOR ‘FINAL’ SETTLEMENT London, Jan, 25.—(?)—Chief aims of the British government at the pro- posed Anglo-American conference in ‘Washington soon after March 4 will be to reach a new debt settlement that will be “final” and “not involve resumption of German ‘teparations.” Even before the British government has taken official action on the Amer- ican government's offer to aiscuss the debt, Chancellor of the Exchequer Ne- ville Chamberlain has declared these must be the “essentials” of a new agreement. This declaration of Brit- ern daily necessity. . This tremendous saving comes with the introduction of tone Antiseptic—| ivedje, Williams, “if you out their wages?” m “We have too many teachers now.’ answered the Cass county represent- ative, “I’m in favor of doing away with the normals.” Herbert F. Sweet, Kidder, making + last-minute plea for the minority re- port said it was about time “we give the country children a break,” sug- if money was needed to keer mn consideration should be given to the amount of money used by the “higher education- al institutions.” Use the Want Ads Getting Up N run-down and for thes suffer from Getting Up Nights, Bi ath th ish ti culating through syste: utes, Only 7ic at druggists. Guar- anteed to fix you up or money back on return of empty package. or Burn- inctioning les, Works m in 15 m = Nook. 102 3rd St. Phone STEAM permanent waves. Regular $5.00; reduced; dis- tributor grants short-time special of $3.50. We use oil in giving all per- manents. Harrington’s. Phone 130. Quilt Patterns Less Than Two Cents Each || don't spend om much on Myself _— But, believe ME, when it comes to what I smoke, I want it right! You know how it is when a fellow is accustomed to smoking a good cigarette and he gets hold of one that isn’t right. He’s likely to get in a bad humor. I am a great believer in the old saying things which come to stay are You can buy a package of good cigarettes for 15c. Six cents of this goes to the Government, So that outside of the 6c paid to the Government, you get a little over two cigarettes for one cent. The right kind of tobacco, the right sort of paper—a cigarette that’s pure and and mild —that’s the kind I want. . I have been smoking CHEST- ERFIELDS for a long time. They are mild and yet they satisfy. good things. PRICE AO ADSI SAN ORE SLI BSR LO RR - © 1999, Locasrr & Myms Toaucea Co. !