The Bismarck Tribune Newspaper, March 15, 1933, Page 4

NEWSPAPER (GEatablished 1873) Puifished by The Bismarck Tribune } Bismarck, N. D. and ene q St the postoffice at Bismarck as second class mai] matter. GEORGE D. MANN President and Publisher. Subscription Rates Payable tn Aownace 20 year (in Bis- 720 4 bil j if origin published herein. All rights of republication of all other ‘matter herein are also reserved. System Must Change Present conditions doubtless will re- sult in a thorough revamping of the banking business. Depositors are go- ing to insist upon security. present trends indicate anything, it is evident that commercial and in- vestment banking will be divorced. Leading financiers agree that more safeguards must be established to pro- tect at all times the interests of the Gepositors. But banking to continue must be Profitable. How to direct the various ‘banking services into profitable chan- nels is a problem to be worked out under the new scheme of things. Recently certain service charges have been assessed against depositors and interest rates on deposits reduced in an attempt to put banking opera- tions on a more substantial basis. For years disastrous competition among banks resulted in many free services and a contest for deposits by upping interest bonuses beyond safe and conservative levels. ‘Then followed the war and post- ‘war speculative periods. Not only bankers but millions of depositors] tin started out on @ financial joy ride,| 4, the like of which this nation had never before seen. Unfortunately bankers, being only human, took chances along with their depositors and borrowing customers. They all rode the high tide of paper pros- perity. All know what followed. Since, there has been a frantic attempt to maintain inflated values. Bankers, aided by the United States treasury, worked for more than two years to Protect the people against their own folly. The breaking point came when depositors realized that many banks were unsound and that governmental Policies to save some of the wreck ‘were not functioning as had been ex- Pested. A national political campaign retarded all remedial plans. A stale- mate resulted. Over night millions of depositors sought to convert their ac- counts into gold or currency. There ‘was nothing to do, in face of this raid, but to shut down all banks and force the hoarders and raiders into the open. ‘The bank holiday is now being lifted gradually. How long banks can function depends upon the confidence of the people. With tight federal con- tral over the banks of the nation and none but sound banks functioning, de- Positors should put fear aside. Busi- ness as usual should be the motto every where. ‘There is wealth untold in this na- tign. Money and credit exist in abundance. Confidence must be re- stored. Reconstruction will go for- ward as fast as there is public co- operation. That confidence is returning rap- idly is attested by the return of gold and currency to the federal reserve |reports of the parade of hoarders to the federal reserve centers to return money which had been in hiding—a | Courage ' pdlicy which contributed most potently to present conditions. pime_Biemarct, Teibane| see oO THE STATE'S OLDEST If the To restore economic stability, the federal budget must be balanced. ‘That is essential. There is no other way out, Congress has shown its impotency in doing the job. Blanket authority must be given the chief executive to the situation. Lobbies, sectional in- terests, log rolling and other legisla- budget balancing. This is a job for the president. He must cut through all red tape and get concrete results. One branch of the congress has acted. The other should not delay action in this matter. Public opinion favors .80/the economy measure. Organized minorities and self-serving lobbies 150) must not be allowed to defeat the i ‘will of the people. As so often is the case with our troubles, the banking holiday just ended may turn out to be a blessing in disguise. None but sound banks are reopening. Some have been Pushed to the wall but these probably would have failed anyway and now have a better chance of reorganizing than was the case before. The at- mosphere is cleared. Confidence now can rule where uncertainty held sway before. Editorial Comment Editorials printed below show the trend of thought by other editors, They are published without regard to whether they agree or disagree with The Tribune's policies, Roosevelt’s Courage (N. Y. World-Telegram) President Twosevelt has run up against the veterans’ lobby. It is the Teal test of his power. This is the significance of his special economy Message to congress and the lines that are being drawn today in the congressional cloakrooms. If we bankrupt the government we bankrupt the country. By accumu- lating in three years a government operating deficit of five billion dol. lars we are headed toward bank- ruptcy. That is one cause of the banking chaos. It contributes to un- employment. It deepens the depres- sion. All of this is set forth clearly in the president’s message asking con- gress for immediate action. The chief cause of the annual op- erating deficit is the one-billion- dollar veteran expenditure. It is the only large federal expense in which a large cut is possible. For three years the Hoover administration and con- gress tinkered with small economies, but did not touch the big leak. Fi- nally President Hoover proposed very moderate veteran economies. Con- gress refused. So the deficit con- ues. President Roosevelt proposes to stop There are three very simple things for the public to remember in this fight for a large veterans’ cut:— First—It is not proposed to reduce the care and benefits of veterans in- jured in the war but rather to pro- tect and insure the continuance of adequate relief for that class of vet- erans. The reduction would come mainly out of the appropriation for so-called non-service connected dis- abilities. The possible saving, with- out any injustice to actual war suf- ferers, is estimated at $400,000,000 to $450,000,000. Second—This need for unusual speed in making this cut is fixed by the date on which about $700,000,000 of government bonds fall due for pay- ment. That day is next Wednesday. The government, far in debt, cannot pay. It must borrow; that is, it must issue new bonds to take up the old. The ability of the government to refund those bonds depends in large Part on cutting the operating deficit —which means the veterans’ cut, While at Christmas time the govern- ment was able to borrow money for less than one per cent, public con- fidence had been shaken to the point on the eve of the bank holiday that the government had to pay more than 4% per cent for money. . The government cannot refund its bonds on favorable terms next Wed- nesday unless congress meanwhile Passes the Roosevelt emergency econ- omy law. Otherwise high interest rates will compound the federal deficit and debt and make it vastly more difficult to climb out of the depres- sion. Thint—Lope exnerienge Wit ans banks. From New York came stirring | me! Th great centers as well as small Willing towns, this hoarding has been in/ 1 Progress for two years. The federal government is determined to force this medium of exchange back into eigeulation. It is the life blood of trade. But back of all this is the feeling cut the cloth to meet the exigency of | tive tactios militate against immediate BISMARCK In History’s Immortal Halis ; | : MARCH 15, 1933 iP THE SHI P:—-me onc tawrence K NOT OF META WELL. GO FORWARD TO YOUR DUTY aisten, REVOLUTIONARY PATRIOT, KILLED « ‘LIFE TO.GIVE TO.MY COUNTRY ‘ NATHAN HALE: WHAT'S IN A NAME? Detroit, Mich.—Temperance, gan, on the Dixie highway, is carrying & misleading title, prohibition agents "I'M GLAD IT WAS M E INSTEADIOF-You!” 4" ANTON CERMAK, 5 GLAOYS PA RNE Te A girl shouldn’t get up in arms just because a man tries to clinch her affections In three years, the theater will be the most brilliant thing in America. —George dramatic critic. would include Japan, Jean Nathan, New York * % % A_ United States of Asia which China and Manchuria is the natural develop- By William Brady, M. D. WHAT PRICE PROPHYLAXIS? Some of our readers, the dentors at any rate, may recall an outburst of the conductor’s, which was only too evidently inspired by an item in dentist's bill, to wit, “Prophylaxis, It is only human nature to feel bitter when you pay a doctor bill of any kind, I suppose. Even a dentist's bill is no picnic, though the dentists have it over the doctors in one respect, namely, they hand the client some- thing tangible—a bit of gold, maybe, or a beautiful denture, or at least a hole he can feel with his tongue— and it is always less painful to pay for a tangible thing, that is, in every transaction except a funeral. In the outburst instigated by the five-berry trick I reiterated the pro- posal that all dental schools should be done away with, as they give stu- dents virtually a medical course any- way. Students who intend to prac- tice dentistry should be required to complete the regular medical course in a regular medical school, and then they should receive whatever post- graduate technical instruction the specialty they elect to practice re- quires. For general dentistry from one to two years of technical instruc- tion should suffice—comparable with the one or two years the medical graduate spends as interne before he enters practice. This proposal is no pipe dream. It is certain to come to pass, and soon. I regard our present faculty of den- tists as the last of the old model. Even now there is a steadily increas- ing number of men who first gain the degree of Doctor of Medicine and then follow whatever technical courses they need to qualify them to practice den- tistry.. Mind, a Doctor of Medicine, man or woman with the M. D. gree, and a license to practice and girls are doing staying away from clubs and such. ulated to the adage and lady friends is cine, requires no further qi HORIZONTAL to practice dentistry if he so 1 Nation domi- So, you see, my proposal is both nating.-Man- tical and sensible—it is just a few choukuo? years ahead of the times. 6 Ironic. Another proposal I reiterated in the 8A compilation outburst inspired by the of laws by five simoleons for cleanliness was that public au- the dentists relinquish trade use of thority. the title of “Doctor” to practicing 9 Small dipter- physicians exclusively, for the sake of ous. fy. 11 Ritually clean. 12,Stopped. 14 Funeral pile. 15 London ‘street roisterer. takably. Wouldn’t Dentor Doe be a more convenient announcement to the public than the clumsy Doctor Doe, Dentist, or the mystic John’ Doe, D. D. 8.? I think so, and many ex- cellent dentists have assured me they think so, too: But some of the breth- failed | ren whose letters indicate they write egg with greater facility than they think,| 91 shower. seem to resent everything I said in| 53 cei¢ 24To disregard. 25 stan itelope. prophy! : Bu vention ‘of infection, and jeiies “ Salaners use of surgical asepsis, rigid clean-| °° ©} She at ised weaving the instruments and materials... and if HE inte I'm right about that I say the den- or dl up the victim covered. I 1 [ r : i | i / | iil: ; ! | | 2g, f Ha 3 j s QUESTIONS AND ANSWERS Than ie! PERSONAL HEALTH SERVICE enclosed. in ink. No reply can be made to queries not conforming tions. Address Dr. William Brady, in care of this newspaper. Gilbert Swan New York, March 15.—Crowded game departments of the department stores hold the answer to the ques- tion of what Manhattan's play-boys Well, it seems they’ve finally capit- them. So now they’re a’pitchin’ | Manchoukuo | that would make the solution more concentrated. That is all. Blackheads and Pimples Is it all right to use cold cream on @ skin that is subject to blackheads and pimples? (Loretta) Answer—As a rule no. greasy cos- she can tell by the greater number of two-handed games she sells that this year while expensive night then they became almost extinct, and now they’re in high favor again. that what was good enough for their grandpappies good enough for named Aristine Pixley Munn. Her first Answer to Previous Puzzle 6 Painful to the = touch, = IAC] 7A throw. 8 Condensed. 10 Drop of eye i q fluid, a 11 Heartburn. fe ILS! | 12 An offender. SIE IE | 13 Mechanical Hun) drawing. 10 14 Heathen. Sima 15 Relating to LIAITIEIRIAI the Masora. StU INMAINBEIMI[TRETIAIM) 17 Covered the IDIAIL IE MESIOKE IE ID/g I) inner side. 18 Edge of a 29Small singing saddle. skirt, bird. 41 Any group of 19 Males. 30 Fastidious. eight. = Caer Inlet. : 22 Conven’ 33 Lifeless. NIEIICAD worker. 34 What union 1 Stone prized 27 Large flat. gives univer- in China. bottomed boat sal suffrage to .2 Devoured. 29 Existed. all citizens 33.1416, 31 Nights before. above 18 4Country con- 33 ’Profound. years? “suming most 35 In, 36 Microbe. meat per 36To fill to ‘37 Departed. capita. satiety. 38 On the lee. 39Part of a 5 Goddess of the 38 Form of “be.” watery deep. 40 Right (abbr.). Heavily clad against near-zero weather, Japanese troops are pic- tured standing on guard at Tungliao Station, one of the starting points of the Jehol offensive which culminated in the capture of the capital of the Chinese province. Overwhelming Love Defies | redwoods, thro groves of oak him. . . Good, simply to let things Con: and n. over wooden | 51; struggli ‘i aventions. bri sagen iy spanned mountain oun eee ‘eke, gainst them CHAPTER XLIV. b brimming with Spring ng. Good up here away coy ee nell: Geena test one St apy a may simply, | “I'll_ give him clustered about a general merchan- | rest up here. pe care no hired nurse could| dise store. He id supply. You said all he needed) Ardeth thought of the first time of Herrera eerie bros took him in hand and put him to was to give time and nature &/ she had come up this road on the|bed in the adjoining bedroom ghanee,” she appealed aia heli a ty. She felt Peper ag gy still smelled of doctor. And when fi wonder and a stirring of faint pi went on, at still with that air of quiet I lege pconiiet mt ed eri ake All That Matters. “He'll be quieter with me, be-' had been then. e had loved Ken | "“Ardeth kindled a fire in the then’ as a girl worships a story- bag eee ok “A; book hero. an with iho beacuse living room. Her thoughts went fiercely protective love she now| back to the time she had been here ry with Mary and Phyllis Hawkins eyes silenced him. “As here’ pro: Pp tective joy swelling in her heart. ing him| The dice were q need her—what else could om ss A pro- it. 7 pReg FE a ba Ege I i s ef SE iin E i bitter Not. e realized strength of that secret hope in ‘All over now...No longer an; use to dream of the rie eae on si could give her.” . will EREs ope which had in Tom’s heart Tom drew Tl do 5shF i z i ig 3S Fit A E i ie = 5 F I i a E i E if E le iBEy: 38 = gis iy 2 i F i i F ¥ a bis i 3 Z # i Z e é & & EH £ & ag z “il Fags ih 3 Z f i ef it i abe ss 3 5 Fr i g i e § i PESSEERE. H > ‘+ if ange $ By Ef rn Lg oBe 5 i chy 4} i i rf [ ‘ | i E. 3 E i Ee E : E, t i aid E F oie s Fy e i i f ne F ft E i ii i Fi isfy Beis sat Ee. Ber F 4 [ i te z I i 3 2 i ee ; iy ip a i a i