The Bismarck Tribune Newspaper, April 22, 1933, Page 4

Evils of Moratorium bet BeBe Twice the electors of North Dakota voted decisively against any formjordinary dental treatments ar of moratorium. In defiance of this expression of popular will, there has/ Bloodless. Safe. No interruption of been saddled upon the people of the state by its chief executive a mora-| Usual occupation. No hospitalisation. torium which protects no one but harms everyone from the farmer to the ih teen 7 ae ; on There For Pastor ee ardia ‘welcome at way to have infected tonsils removed. ° Trinity.” Not in the history of the state has there been such a flagrant abuse (Copyright, . First Sunday after Easter: of ‘executive power, disregard of the constitutional rights of the people and er : 9 |B ee cilge Sermon’ President and Pu actual injury to the very class such action is presumed to aid. i ¢ . odie Kingdom Grows.” PISSRN Tiedzb ne toon anneal es sta eee For the last few days the state has seen the spectacle of hedging and : p GosPRL TABERNACLE Subscription Rates Payable in | retreating from the original position of an absolute moratorium to a modi- go> 2 S Advance fled one. This action is sufficient admission of the unsoundness of the Dally cf pet ae yaar ‘ime chief executive's position and the time has now arrived to point out a few \ MATCK) o...ceccesees veseeesese 7-20] facts in connection with the moratorium action backed up by the sword and Daily by mail per year (in state gunplay of the state militia. Bismarck) Dakota ...... seeeeesees Wyeckly by man eer Jemeeh | the rights and labilities of the mortgage holder and the owner and mort- ie € years 2.50| cagor of real estate due to the recent proclamation forbidding the holding lovee | of sales upon foreclosure of real estate mortgages. , promoter, raconteur and The question naturally arises: Does the gubernatorial proclamation] author who died in Hollywood the decreeing a moratorium give to the owner and mortgagor of real estate| Other evening. Yet Broadway seems | rights which he does not have under existing laws? Why such extraordinary | irPcisingly cheerful about it, for in Member of Audit Bureau of action on the part of the chief executive? Stem is inane ie ebay re cree ‘That there may be an understanding of some of the questions confusing} dear departed bon vivant and wit— ogg i gi moggrnggin dm to many, it is timely to give a short analysis of the present status of mort- = with reminiscent chuck: entitled to the use for republication | €*8¢ foreclosures. “ew it or not otherwise credited in this Until the recent session of the legislature, the law as then existing newspaper and also the local news of | the owner of real property subject to mortgage one year in which he spontaneous origin published herein.| redeem from the sale upon mortgage foreclosure. During this time All rights of republication of all other | owner has the right to live on the land and to take and use the crops, ren pee ee and profits. At the end of the year, the occupant of the land loses v erage sion unless he redeems. eae eer oe be cries used But the recent session of the legiflature passed several laws dealing with by President R welt to secure bet- mortgage foreclosures, sales, rights of redemption et cetera. Senate Bill ae i pacts with European na- No. 2, approved Feb. 21, gives the owner of real estate two years in which ee. ‘This trend is being 4 to redeem. That is, the person who buys in the property at a foreclosure by leading Washington bgt to sales made prior to the passage of this act where deeds have not been ents. Of course the debt situation) i104, go then, as it stands today, conceding that the law is constitutional, properly handled may prove ® PoWer=| 111 those who have been foreclosed upon this year will have until Feb. 21, ful weapon ‘to get trade cralaaaril 1935, in which to make provision to redeem from sale. There has been a terrific slump 18] tn addition to this law there was also pasted Senate Bill No. 170 which this nation’s world trade, Some of! aos that all future foreclosures of real estate mortgages must be by it has been due to economic condi-| curt action, ‘There also was passed House Bill No. 182, which gives to the tions, but @ portion of the slump 18! aistrict judges the right, upon proper showing, to postpone or delay fore- due to foreign resentment. Some of closure sales. the resentment is traceable to Our! Hesnite the passage of these laws, and obviously for political effect and tariff regulations, the rest is caused’ newspaper publicity, the Chief Executive issues a moratorium proclamation, by the debts and many other factors.| 9 series of them in fact, confusing and conflicting, stopping the sale of all Many factors enter into s general! property under mortgage foreclosures. The laws mentioned gave consid- debt discussion. These are disarma-/ erapie additional rights to owners of real estate and mortgagors, much ment, trade agreements, quota, mone-| more protective in nature than a show of brass hats and a flourish tary standards and others of a minor} muskets, nature, s+ * If the United States desires, 95] The question which is pertinent at this time is: chief creditor of the world, it may Does this militia moratorium give to the owner of real estate force the hands of the other to gain} which he did not already have under the laws as passed? advantage in a trade way. Whether Suppose that the Governor's moratorium stays in effect until Jan. 1, writ ae this will be done is speculative. If] 1934. During which time no foreclosure sales may be had. In that event, days, the conference merely resolves itself) when this moratorium is lifted, sales will be made under the laws now in| laboration SYNOPSIS into an effort to get this nation to| existence. The two year redemption period will expire in February, 1935, Lily Lou Lansing, young and reduce the debts a few millions, the|so that on that date all mortgages which have been foreclosed upon one telephone SIBR2RRESTARS wa azsgey administration will find little public/ year prior thereto will be subject to a sheriff's deed. This same thing would) middleweight at support. happen without the Governor's moratorium; consequently the action of the} One day Mizner that reer to marry wealthy Ken Sargent. On the other hand a revival of] Chief Executive is not giving the mortgagor anything that he does not| Ketche! = replied: Ken’s parents had hoped their son ] economic conditions is desired more| already have. In other words the moratorium is not serving the owner of inl than anything else. If debts can be| distressed land any purpose unless it is kept in force for a period of almost scaled down and trade resumed les-| two years. ne sening unemployment and economic On the other hand it can be pointed out that the mortgagor who comes samt fl misery in this country, any to| under this moratorium may suffer some detriment. For illustration, take te. _ this end will be popular. I= | secon clans foci ta aturo0d ee ale Meestae gine prereset pk From any viewpoint, the negotia-|0f the moratorium. Notices of sales have been published and other expenses} quaintances, ho tions to start soon in Washington are| incurred chargeable to the owner of the land. Now comes the militia and| Opinion loc of major importance to the people of} Prevents the sale. Action is suspended. The mortgage holder has one of sel this ‘country. two courses open to him. He can do as most of them have done, delay the poy date of the sale and continue the publication of the notice of sale, or he| Guinan ’ a zs may discontinue and republish later. In either event considerable expense] and made it, let Editorial Comment || is invoived. ‘These additional costs may run from $5 to $50 which the owner}, 12. ager toereraae and an architect - Editorials printed below show the || of the real estate, if he redeems, must pay. < trend of thought by other editors. * * * ee Seine ee without cenerd ‘There is too the broader aspect of the situation. Many farmers need with The Tribune's poli loans from time to time. As long as the moratorium hangs over their heads his | private credit is denied them, however worthy of it they may be. No inves- a Slants On Current Events | tor will loan on real estate as long as the moratorium exists. The fact = (Valley City Times-Record) that the Governor had to revise his militia moratorium recently to save thr oe been said of late a hers $7,000,000 in federal loans to North Dakota farmers shows how pernicious te years about the need cy fi cutting the whole affair is to scenic? of the state and its people. from loc armers down wheat ‘No purpose is served in stopping sales where the farmer has two years | expected to live. and thus helping to raise grain prices.|to redeem except to create a false feeling of security among debt ridden | Solation in Wilson’ 3 ago when Hon. George] farmers who are secking real relief rather than adverse publicity and added ncaa dying. fou Morley Young was in congress from cost, In time the farmers of the state involved by the moratorium will find| Ge for several pre cating = 30 per cent rng papell that all they have gotten out of the fiasco is added costs. pul _which shows that at that time he had yd a ie the same advanced thought that the eeu eae = jess S22%5/ PERSONAL HEALTH SERVICE Teepe oe 7 last Cpe ge dele gpm se chair, soddonly. conscious shat her “Step, en o ‘oung, our former aye . “ ; famereamas, i. Young came across By William Brady, M. D. heart was thadding. paintlly. She Dae ee en POE, meet sane. ee ee nee cctravered | 8] signed letters pertaining to personal health and hygiene, not to disease || 6. mes. it would have been « Ver as far aa Lexington—you ro} the country, among them Mark Sul- diagnosis, or treatment, will be answered by Dr. Brady HORIZONTAL : ing. ” know that hole in the wall where livan, one of the best known and : : you can buy bread and stuff, and the in ink. No reply can be made to queries not conforming to instructions. 20 ‘some lunch. > er rrieies men the nation, ‘Address Dr. William Brady, in care of this newspaper. pot pag neon oar pe oder rad ‘Young’s and sent the following letter lace kind, with the low back, two- anc to Mrs. Young: THE BEST WAY TO BREATHE , Study the breathing of an animal didn’t ninety-five ... or did I get it at den whines, DO: In a talk about good posture 1|after hard exertion. * s|be her Macy's? Well, just get anything, on Dear Mrs. ¥: 3 said: “Never try to throw out your! Dreathing of an athlete. Study the of|sort of aaron con sachwane a . chest or pull in your . . you fill breathing of a sleeping person or one she was irty- and if by in the missing word, but be careful. She|silly, instead me It must be the right word, the word indow.| music and maki - I pene. not some word you think thal whale po eee _— would express the idea well enough. Rien cat pal Ga Mom cet BY. displeasure body cavity-is a bit too awkward.| Never Uy | finally. She Abdomen is a silly euphemism and had done, misleading. Stomach is a barbarous! term for it. Belly is the only English . word that signifies precisely what we re 4 es A new stirring of life. are talking about. The. essential : things freshening in the first rains. meaning of the term belly is bellows. pee 4 4 . And here, autumn. eee Every one should learn to use the bel- 31 Fab if 84 Blngle 4 a ‘ina. » autumn. Death ... frost I call it belly iw tree. } respiration. tween seats.” . 46 Branch. ++ chill settling... . breathing because that is what it 18.| ,-oochia ‘asthina, emphysema 32 T° Festrain. 5&6 Smoking com- 6To “Dinner’s ready, Miss Lily Lou,” k she 4 sero Belly. Decne $0 He ees . Many who practice | , ame.’ Ener called in her soft, southern |couldn’t. ie anne! Measure . ay Seventh voice. use having a lot of relief to a lot of troubles that .. Anyway, + eloth. 4 5 5 “Thank you, Sadie, I'll be right| felt like this, Wait ... just a little Phyelology- that "ie" to. say pretty) 4028 No harm, oeene. eee 7 e i. bao ly ‘they'll be » the licks tami: tee 5 i rs toit.... Don't; Rearty all laymen-—seidom associate pol envelope| 38 Drege. 61 Three. _ thought, closing the , pow |scared, a th breathing. 40 Most ua- G2 Undermines. monkey. dering nose as automatically | put ‘A gentleman who gives or perhaps sells service to organizations, clubs, | ®tuctions. t & dE i at | is fet all nid it it i ri AL E BES, i g : iires¢ F E E E i } E uf i E f iptt fs beabee ite rift pitt afeee rth 4 ra sf ji i | parts pk Fei ‘A