The Bismarck Tribune Newspaper, January 31, 1933, Page 2

2 PROPOSE REVISION |Opinions Divide Sharp ‘OF HAIL INSURANCE LAW FOR NEXT YEAR Department Would Retain Vol- untary Listing But Sug- gested Other Changes Revisions of the hail insurance law, with the optional listing feature re- tained, are proposed in a bill intro- duced in the North Dakota senate Monday by Sen. W. E. Matthaei of ‘Wells county. ‘The measure provides for a “deduct- ible” plan under which no indemnity ‘would be paid for the first 10 per cent of hail loss. Hail insurance officials said this will bring about a 25-per- cent reduction in rates. ‘The maximum amount of indemnity for total loss would be reduced to $8 and $5 an acre. At present the maximum is $10 and $7 an acre. It is proposed to make the hail in- surance tax a prior lien to be sold with real estate taxes, sharing ratably with other general tax liens in all tax proceedings and sales. The bill would permit assessors to take applications for insurance up to July 1 of the year for which insur- ance is desired, instead of up to the last Monday in June. Persons failing to make application with the assessor could apply to the county auditor or insurance department between June 1 and July 15. County auditors would be permitted to write hail insurance and would receive compensation of one cent an acre on approved ap- plications listed, on the same basis as assessors. One year unpaid hail taxes would ‘be allowed applicants. The bill pro- vides that application for hail insur- ‘ance may be approved where the re- cords show unpaid hail indemnity taxes for one year of the last pre- ceeding three years. Sen. W. 8. Whitman, Grand Forks, Proposed a bill to protect out-of-state witnesses in criminal actions from ar- Test when obeying summons from North Dakota. For any witness sum- moned from North Dakota to appear in a @riminal action of another state, the measure provides a hearing before @ judge in a court of record who shall decide whether witness is material and necessary. A bill introduced by Sen. Charles G. Bangert of Ransom county would pro- hibit corporations from practicing law in the state. A mandatory provision that coun- ty commissioners arrange for an ex- mination of records of county of- ficers at the end of their terms is re- moved and the examination made op- tional under a measure introduced by Sen. Thomas Whelan, Pembina, by re- quest. $139,402 Refund Made By Stock Association Announcement that the Central Cooperative association, livestock sell- ing organization which numbers many Burleigh county farmers among its members, has declared ‘a patronage refund of $139,402.05 for 1932 was made Tuesday by H. O. Putnam, Bur- leigh county agricultural agent. The refund is 35 per cent on com- missions collected during the year, Putnam said. In addition, the asso- ctiation’s directors declared an eight Per cent dividend on outstanding stock. The association's membership in- cludes 135,000 farmers. A total of 20,- 570“carloads of tivestock was handled by the association last year, or 30.63 per cent of all stockyards receipts at South St. Paul. The organization estimates farmers have saved approximately $2,- 500,000 through associated selling. ‘This demonstrates Putnam said, that farmers can improve their economic position through group effort. Child Falls Into Hot Three-year-old Douglas MacLean, grandson of Alec MacLean, living on Route No. 2, south of Bis- marck, was in a local hospital Tues- day recovering from scalds suffered late Monday when he fell into a tub of hot water. His doctor described his condition as “very good” Tuesday forenoon. The child was scalded on his back, the backs of his legs and one arm and hand, the doctor said. Douglas vas playing about the tub of hot water, which was being used for picking chickens, when he stumbl- ed and fell in backwards. He was brought to the hospital here shortly before 5 o'clock Monday. His grandmother, Mrs. Alec MacLean, re- the mained at his bedside during night, Use the Want Ads ___l™™™|=>> be controlled, admitting the great For Quilts or Pillows Here are shown two popular patch- work butterflies which have ‘been great favorites by both pill and quilts. The upper one uses orange that Water Tub, Is Scalded farmer Gold Content. Remonetiz- ing Silver Suggested By RODNEY DUTCHER (Copyright, 1933, NEA Service, Inc.) Washington, Jan. 31—Currency in- Nation is in the air. You are going to hear and read a lot about it, for it To understand inflation, you must first recall just what money is. When you sell anything of value, or get paid for your work, you receive money, usually paper money. This paper has no value in itself, any more than any other printed paper. only if, and because, you are sure oth- ers will accept it from you on the same terms you received it. You feel sure of this because the government has definitely set down the terms on which it is to be used in paying debts, and on which it will be exchanged for gold, a thing every- body agrees is valuable. Most kinds of U. 8. money you can take to the mint and, on your de- mand, Uncle Sam will give you gold coin for them containing 25.8 grains of fine gold to the dollar. That is the nucleus of the present system. But the whole system of pa- Per money is an artificial, a created system. What the government creates, it can change. Inflation means a change in this system by law to achieve certain results. How Currency Is Inflated Many ways of getting these re- sults have been proposed. Here are the chief ways: 1—Printing more paper money and putting it in circulation without put- ting any more gold in the treasury vaults to redeem it on demand. No government has ever had enough gold in its vaults to redeem instantly every paper dollar in gold. Long experience has proved it isn’t necessary, because governments are sure everybody in the country won't be wanting their government has usually had from 35 gold. sue for your gold without undermin- ing people's confidence in it and caus- ing them to refuse to accept the pa- widely. 2—Lowering the gold content of the dollar, The government now says that there shall be 25.8 grains of gold in a gold dollar. grains, or 10, and issue more dollars against the present stock of gold coin or bullion. The question here is tied up with the world price for gold bul- lion and other compijcated factors. The probable effect of such a reduc- tion on the value of the dollar is what causes difference of opinion here. 3—Remonetizing silver, the plan just shelved in the Senate. Under the present law, the government guar- antees to give to anyone who brings gold bullion to the mint gold coin gold coining value and the commer- cial value aré about the same, ever. The silver advocates be! advantages would follow similar and unlimited coinage of silver” fixed ratio to gold, usually 16-1, and price of silver. It is assumed thi price’ coinage purposes on to gold would also, obviously, as it now does against gold. AIMS OF INFLATION for inflation. plans have one ity prices, enab! piled up W enable the ‘business ani culture. became worth nothing at all. fe) Carter Glass, and nearly all conservative economists and financiers. Among those in favor are John Maynard Keynes, Irving Fisher, Stuart Chase, Senator Borah and many western and southern members of congress. ‘The inflationists say inflation can danger in any uncontrolled inflation. Their opponents say it probably can’t, be controlled. Some infiaiioolsis in their us to stay proposals would allow usually denied by Congressman Patman gives figures show that the government could $5,000,000,000 in new currency and still maintain a 40 per cent gold . This deniéd with the to is- directly affects you and everybody | Tt is valuable | how- lieves ‘free regardless of the commercial market such coinage and “pegging of the ” of silver by the government for a definite ratio raise its price. i would enable the govétnment to issue a great dea! more paper money against deposits of silver, just ‘These are the three principal plans But all the inflation aim: to raise commod- le debtors to pay off with cheaper dollars debts that were then dollars were cheaper, farmer to make a living from what he produces by boosting | its price, increase the whole country's purchasing power, and thus revive; d industry as well as agri- ‘Now there is no doubt at all that if enough paper dollars are pumped into circulation, prices will rise. The whole question is, how much will they rise, and how many paper dollars must you issue to make them rise & proper amount? In Germany and way between those extremes, says the inflationist, it is possible to reach & relationship between prices and dol- lars that will be just to everybody. to inflation are Secretary of the Trearury Ogden Mills, Senator Professor Kemmerer ly On Problem of Inflation) HAVE JOINT MEETING Printing More Money, Lowering | OO [To Aid Stillman | — -—+ | | | | | | ' ! 1 i | a ee gold at the same time. The U. 8.| wootever love she had for her hus-| been closed. to 55 per cent of all its money in| band was lost years ago, Mrs. Mar-|1.. pomerene, corporation chairman, ‘The whole question here is:|jorle Baker Rochefort (above) said peep ered ember by Senator How much paper money can you 1s-|in announcing she would aid James| Couzens (Rep. A. Stillman is any suit for alienation of affections which her husband, Luc per at its face value? It is here that] Rochefort, might file against the el-| now outstanding but opinions on this inflation plan differ|derly banker whose marital litigation | mittee he was certain “ several years ago created a sensation. for the program during Boy Scout an- It could say 2¢|NMiversary week, which will open/their part in refi Feb. 8 Insull Bookkeeping Disclosed by Probe ‘Washington, Jan, 31—()—The rise and fall of Chicago's Insull empire was told to fhe federal trade commis- sion Tuesday in terms of figures and| a1 bookkeeping methods by a commis- sion examiner, Carl M. Dupue. [corresponding to the weight of gold| On the stand in a continuation of tendered, regardless of the price for/the commission's k free gold used for other purposes. The long investigation of Electric, Utilities, he said Insull Ut'/y Investments, Inc., had, through @ series of bookkeeping manipulations, listed on their books at $237,892,050, securities which he said had @ mar- ket value of only $30,402,000, against which were unpaid loans amounting to $41,585,000, largely covered by de- mand notes. He said the Insulls often wrote up sales of stocks as earnings and in many cases listed such sales as profits when in reality they were losses. o ae Girl Scout News | Clarice Belk was named president and Grace McKee, secretary, of the Girl Scout Leaders association at the annual business meeting held last week. Wilma Olson and Vera Person are the retiring officers. Lorraine Mailloux, Ruth Welliver and Betty LeRoy are new members of Troop 10, bringing the total member- Dolores Curran is a new member of Troop 4, while Dorothy Patton was of Mrs. C. B. Nelson. Wilma Olson leutenants. The new troop is com- Posed of girls of grade school age. tests for the proficiency badge first-class scout. ship of the Wachter troop to 53.|* lost to the troop when she moved to Minot. ‘Troops 5 and 6 have been combined to form one troop under the captaincy and Marian Ryan will assist here as Norma Peterson and Betty Laist, scouts of Troop 4, have passed the in home nursing. This is also a require- ment for advancement to the rank of The month of January has been outstanding for the number of winter sport events that have been enjoyed every THE BISMARCK TRIBUNE, TUESDAY, JANUARY 31, 1938 TROTARY CLUBS WILL (capi Cruises} ? Public No Bismarck and Mandan Organi- zations Will Assemble At Mandan Wednesday Night Members of the Bismarck and |Mandan Rotary clubs will attend a |joint dinner meeting at the Lewis and Clark hotel in Mandan Wednes- day evening. In the principal feature of the program Dr. C. A. Duniway, profes- sor at Carleton college, Northfield, Minn., who has traveled abroad ex- tensively, will give an address on “In- ternational Relations,” accorging to \Rev. G. W. Stewart, Mandan, who jis in charge of arrangements. J. M. Hanley, first president of the Mandan Rotary club, will preside at the absence of J. I. Rovig, Duluth attending a convention. Musical features will be presented by the Mandan Rotary club's double male quartet. A short comedy skit and several informal talks also are planned. will begin at 7o'clock tewart In Family Size—100 Tablet Bottles No Reason Now To Bring ‘*Bargain Counter’’ Aspirin Into Your Home The meeting (Bismarck time), Rev. 8 Dr. Duniway Tuesday addressed a joint meeting of the Fargo and Moorhead clubs and Friday he will address a joint meeting of the Valley City and Jamestown clubs. Thurs- Miss Adonell Massie, 19, of Dallas, Tex., who is making @ world cruise with friends, is rumored engaged to Cornelius Vanderbilt, inutes after taking. Remember in. If you want quick relief, real Sus tied Io pain. if od coe gba irr ar woe DAVE Ape adewey be Me, View ot tae foint ment, the| J, 1 F Botes of ‘Genuine Bayer Api has bes Bismarck Rotary club will not have|Y©@/0US ‘armhand DRASTICALLY REDUCED. Does Not Harm The Heart its regular luncheon meeting at noon Confesses Murder As a result, there is no any reason to ane — SAL imanetere Te - Red La Minn., Jan. 31.—( is i Some Banks Failed — |—nere nue, tarm laborer beld in tne No reason now to be coupled HARM THE HUANT. Quick ree Despite R. F. C. Help| Ret take county seit neve tn cormaay papeaininale Mg uTusingan, Jn, mA, once enoned cau of in od] © World's Fastest Safe REMEMBER: p,[cASTIC NEW LOW construction corporation's loans to] cso, talked, freely | ree) ead, Relief for Pain Genuine BAYER A Geta bottle 100 GEN- Fallroads learned Tuesday that 113/tnat he killed the girl ina fit of| Note the pictures below. Note spirin UINE BAYER tab- Borrowed from the R. FO. have aince| Mus rage. 4 why scientists rate Genuine Does Not lets at the new price. On Sale 2 Aspirin the Fastest SAFE Today At All Drug Stores. ‘This information was given by At- RESUME BODY MANUFACTURE for paii Harm the Heart » Mich.). He said loans authorized to banks closed totaled $89,362,278 that $66,957,000 of such Pain World’s Fastest Safe Relief for IN 2 SECONDS BY STOP WATCH Genuine BAYER Aspirin Tablets Start Disintegrate and Go to Work Highland Park plant for the new Ford car. SEEK YOUTH HERE Minneapolis, Jan, 31—(#)—Herbert Johnson, 22 year old Minneapolis high school graduate, who left his seeking work near Bismarck, N. his family. No word has been receiv- ed from young Johnson since he left eleven days ago. His father is ill. NAMED POSTMISTRESS — D.C., Jan. 31.—()— Jan. 31.—(#)—The| Katherine Ritchie was appointed committee voted Tues-| postmistress for Valley City, N. D., ednesday on| by president Hoover Tuesday. be inconsequential” beca' security. Earlier Pomerene had charged the larger sound banks with not doing and with treating their deposits as money “in cold storage.” ‘our Stomech—Genuine BAYER Start “faking Hold” of Pain a few Minutes after Taking. Wi ‘Washington, house would agree early in February—and then begin calling in outside monetary experts and economists. Iowa Insurance Men Supporting New Plan Des Moines, Iowa, Jan. 31.—(P)— All the Towa life insurance vauct OF 179_, Times It Costs You Less to _ Business’ Connections. , ANTED—MANUFACTURERS, ufacturing costs; Eastern @ heart of consumption markets,, tenteg) r, machinists, fo dy, textiles,. motor: no income tax; Repl: set lately 8T. y make, own, N,& recreat. dance tv. TO $10,000 GO- Mone js _references re- 2 VICKS Nose &Throat Tuesday. “Representatives of the Equitable, the Bankers Life and other large Iowa companies went over to talk to the governor about the situation shortly after his proclamation was issued,” foreclosed 7 aces, Solum: iting to’ Police Deny Guilt Of Robbery Charge Bt. Paul, Jan. 31—(®)—Two police patrolmen pleaded municipal court not guilty in ‘Tuesday to a charge robbery in by the girl scouts. Practically troop has had a sleigh ride, a hike, party. handicraft work during the last month the scouts have been making purses of raffia. Mrs. Clifford Eagle has been named examiner for the proficiency bedge according homemaking, nouncement by Mrs. E. A. Thorberg, chairman of the badges and awards or @ skating For their committee. .|Says N. D. Farmers Favored Under Act} ing centers Fargo, N. D., Dakota farmers rules of health—forms the new VICKS PLAN FOR BETTER Place Your Want Ad 5 CONTROL-OF-COLDS i Livestock to Market | 1... sat, practical Pian ex in the Bismarck Tribune ey me a Chicago, Jan. 31—(P)}—Half the| plainedineach Vicks package—can ~ [butchered livestock in the United reduce your family’s “Colds-Tax” in money, les of time and health, at a cost of only i} for 15 Words for - one insertion 5c ‘ 2 consecutive insertions, not over 25 words yi5-0::0...00+++00:00$ 85 3 consecutive insertions, not over 25 Words ....+++0ve00e00e+$1.00 6 consecutive insertions, not over 25 words ....+4+ suse +s +e $145 All ads.of over 25 words add 8c per word to above rates. ‘ The Bismarck Tribune prints more want advertisements than any other newspaper in the Missouri Slope. That’s the best proof that HERE you'll get low-cost coverage and BEST RESULTS. Jan. 31—()—North have received one- ORDER YOUR AD NOW ‘The Bismarck Tribune The Home Newspaper for Bismarck, Burleigh County and the Missouri Slope - v