The Bismarck Tribune Newspaper, April 29, 1933, Page 1

North Dakota’s Oldest Newspaper , ESTABLISHED 1873 WALLACE PREPARES TO USE AUTHORITY FOR ADING FARHER mo Morgenthau Also Is Ready to Start Re-financing Organ- ization at Onoe E Agricultural Secretary Wil! J Seek Solution to Over- Production Problem § g 2, ff ily H fe 11,000,000 in 1931 to $5,143,000,000 in. 33 as compared with Control Car of Lost Akron Rises From Sea Grave = ee Soo 9 ; WIDE POWERS ARE nl Men once stood in this wreckage and guided a monster ship through the skies. But as the tangled remains of the control car of the lost airship Akron rose through the waters off Barnegat Light there seemed little likeness to the ship that was. The contro) car, upside-down, was lifted to the deck of the 0. 8. 8, Falcon, but no bodies were found. Foster and Dr. Fisher Named to City Offices UNTED STATES AND CANADA AGRE UPON FRENDUER POLICY Joint Statement by Roosevelt And Bennett Indicates -Pro- gress at Meeting FIVE FARMERS HELD <_ tet ree - POR COMPLICITY IN}! ae sin rn, ATTACK ON JURIST Arrested by Militia Which Now Is Keeping Peace At Lemars, lowa Appointed Attorney arid Health Officer; Other Officials Two changes were made in Bis- marck city appointive offices and all other officials were reappoitned for two-year terms at a special meeting jof the city commission Friday: eve- Lemars, Towa, April 29.—(#)—Five farmers, allegedly ringleaders in the abduction and mistreatment of Judge C. C. Bradley Thursday, were ar- rested and held in custody of Iowa National Guardsmen Saturday as a military investigation into the affair proceeded. Charles L. Foster, 1018 Fifth 8t., ‘will succeed ©. L: Young as city’ at- torney and Dr. A. M. Fisher, 112 Av- jenue B west, was named to replace Dr. C. E. Stackhouse as city health The five were: John Kunkel, T. K. tries. Ernst, Henry Reints, John Sokoloski || ** £P, sid to both countries. Prenie® and Lawrence Sherman. The men were arrested by small! squadrons of militia who were active | in patrolling the county Saturday. They were placed under heavy guard | at the local armory and military au- thorities declined to discuss the ar- rests or the connection of the men r the state of mi W ex-| isting in the county, formal charges Dh Re peor See eas are unnecessary in hol They may be tried before a court- martial or turned over to civil au- thorities for trial ,at the discretion of the commanding officer. Representative Gustave Alesch Plymouth county con- Washington,’ April. 29.—()—Presi- dent Roosevelt and Prime Minister Bennett of Canada announced Sat- urday an understanding on the pur- Other appointments: Atkinson as auditor, building inspector and man- jager of the city waterworks; A. J. Ar- not, treasurer; John A. Graham, as- jsessor; T. R Atkinson, engineer; C. J. Martineson, chief of police; ‘Thompson, chief of Frank McCormick, scales; Clarence Hanson, poundmas- ter; Robert Ritterbush, plumbing in- lspector; D. R. McDonald, street su- perintendent; George Doorley, super- jintendent of waterworks; and Christ Bertach, Jr., member of board of ad- Four Other Members Other members of the board of ad- i fire department; » manager of city yt »{con| Manchukuo to Seek . Dispute Settlement April _ 29.—(#)—Manchukuo i HH i i Es s HE 3 é z "EE i : i ul gee i - t i i i E : E 4 &3 3 i | ! fi a3 E it | : “t i i g [ if g SOUGHT BY U.S. AT NBETING IN LONDON Proposal Is Made by Norman H. Davis at Conference of World Powers DATE FOR PARLEY FIXED Nations to Gather Round Table :To Discuss Business Af- fairs June 12 Wondon, April 29—(7)—A proposal fo®;a far-reaching world economic ice, designed to interrupt the wagiare of prohibitive tariffs and exchange restrictions, was submitted by the United States Saturday to the nizing committee of the world ic conference. proposal was made by Norman H. Davis, American ambassador-at- large, who declared after the meet- ing that every member of the com- mittee seemed to be pleased with it “although two or three did appear to be greatly surprised.’ The committee formally fixed the economic conference as June 12. The 1, President Roosevelt prepares to widen scope of world economic discussions. Representatives of Italy, Germany, Mexico and Ar- gentina will be in Washington next week. 2. United States presents before preparatory committee of the world economic conference, meet- ing in London, a proposal for.an economic armistice which would end trade and commerce barriers of all kinds, including tariffs that act as barriers. 3. Prime Minister Bennett of Canada, who has appealed for world stabilization of currencies, experts say it will help British keep down pound’s exchange rate. 5. House expected to act quick- ly on inflation-farm relief bill passed Friday by senate. 6. Roosevelt administration's congressional program will be completed by introduction of three more bills: to help the railroads, give president broad power over winds up conferences with the |) _THE BISMARCK TRIBUNE 4Senate Approves ‘Stock and Commodity Markets Booms mm BCONOMIG TRUCE Irpawenpous cams. | “Cate! Witer SCORED AS BUYERS And Favorable Business News Given Credit cago and Other Staples i Are Buoyant i and commodities rolled up huge ag- gregate gains Saturday as fresh buy- ing, pted by senatorial approval of the farm relief-inflation measure and favorable business news, was thrown into the markets. On the New York stock exchange, gains ranged from $1 to more than $5 a share in the most active trading the market had seen on a Saturday for many months. x At Chicago, wheat futures were up six cents a bushel at the close, while cotton here made advances of around $1.50 a bale. Sugar, silver, rubber date for the opening of the world/and several other staples rallied strongly. Additional gains, scored later in the Chicago wheat pit, sent bread grains up to five cents above Friday's close wr ea ihe eh lnc All Grains Swept Up by the senate Friday of the farm relief-inflation bill and a gen- eral belief by grain traders that this meant decidedly higher prices for all cae swept all grains sharply ‘The upward surge was aided by ad- vances. in cotton and securities. cents a bushel higher with the De- showed similar advances. before the end and closed at 72 7-8. Exchange Is Overwhelmed {and other industrial groups in intensity the spectacular demand jot last week. | strong opening, rushed higher in the final dealings and finished with net gains of $1.95 to $2.10 a bale. ‘The stock market held several spec- works. 7. The dollar weakens in Lon- don and Paris. committeemen were unabie to take any action on the American pro- posal but decided to notify the gov- ernments. This will be simultane- ous with the issuance of invitations (Continued on page four) ANNOUNCE PROGRAM POR N. D. DENTISTS partici: in any scts of violence in| Practical Work to Be Demon- strated at Annual Conven- tion in Jamestown Fargo, N. D., April 29.—(#)—A pro- incorporating fundamental Hilbert, announced Saturday. will be convention theme a Dentistry for Practising and committee members vcore ts Pues oe tacular features. American Can, in frenzied trading, jumped $10 higher to $84.50, quickly lost half its gain and then rallied again. American Telephone climbed to par, or $100 a share, where it was up more than $4. General Motors, in extremely active trading, jumped nearly $2. Final quotations did not appear on the tape until about 12:20 p. m., or some 20 minutes after closing time. Last prices generally were the CHINESE RETREATING TORENEW ASSAULT Follow Up Attack Planned De- spite Previous Denial of Hostile Intent FE Bg ms 3 Fas i; | APPEAR IN DROVES Passage of Relief Legislation ALL MARKETS ARE ACTIVE Wheat Rises Five Cents at Chi- New York, April 20.—(#)—Stocks ©orn finished as much as 3 3-8 cember delivery reaching 42 1-2 cents. Oats gained almost 2 cents and others The July delivery of wheat was & star performer all day, but lost the maximum gain at the close by 1-4 cent. It touched 72 cents a bushel at the close, but Sept. hit 73 1-8 just Quotation facilities of the stock ex- change were overwhelmed. Motor, steel, farm implement, sugar, metal upward under buying that paralleled Cotton, meeting profit-taking on its lJ. C. Swett Funeral nye To Be Held Sunday | ,, Sou Dskote—For: Bulow and Farm Bill is the central figu tion of affections suit filed in federal court against Norman W. Harris, Chicago banker, by her former husband. An Illinois Judge dismiseed a similar. cuit, terming her “a chattel wife.” INDUSTRIAL BOARD DECIDES TO BUILD Bank of North Dakota to Finance Project A resolution authorizing issuance of $250,000 in bonds for construction of @ power plant at the state peniten- tiary to furnish heat and light for| the institution and state buildings in Bismarck has been approved by the state industrial board, James Mul-; loy, secretary, announced Saturda; Weather Report PRICE FIVE CENTS | QUICK ACTION ON OMNIBUS MEASURE Enactment Contains Farm and. Mortgage Relief and Infla- tion Provisions ACCEPT SILVER AMENDMEN? Government Empowered to ‘Take $200,000,000 in White Metal on War Debts ‘Washington, April 29.—(4)—Speeds house action was promised Saturday to complete congressional approval and give the administration unprece- dented machinery to inflate the cur- rency and increase farm prices. Concluding three weeks of turbu- lent debate, the senate Friday night voted the sweeping power by 64 to 20 after defeating a soldiers’ bonus amendment and authorizing the ac- ceptance of up to $200,000,000 in sil- ver on war debt payments. Speaker Rainey will seek to send the omnibus farm relief-inflation legislation to conference Monday for 2). JY ety ya a OE, Proved the which contemplate price-lifting and mortgage-easing through refinanc- ing at lower interest rates. Rainey said Secretary Wallace will sit with the conference committee as it attempts to agree on the form of the bill, some changes hav- ing been made in the senate which he regards as vital. What these were the speaker did not say. BIG POWER PLANT x,t i. ods for undertaking @ controlled ex: pansion of credit and currency. In a succession of roll calls, the: Will Sell $250,000 in Bonds to/ ate rejected the soldiers’ bonus {crats in opposition, Clark of Mis- ‘The commission also voted that the/souri voting with those who were contract for the engineering design- | against inflation. ing for the plant be awarded to the| The farm sections authorise Sece Pillsbury Engineering Company of; retary Wallace to attempt higher Minneapolis. Sale of the bonds, under the com- mission's plans, would be made to farm prices through marketing agree- the Bank of North Dakota. It is un-! taxes and licensing fees. derstood the management of the bank! ‘The inflation section contemplates has assured the industrial commission | first an expansion of credit up to that the bank could take over the bonds, which would bear six per cent interest. On the resolution to issue the bonds, the vote of the commission to: was two to one, with Governor Wil-| Direct the issuance of $3,000,000,000 liam Langer and Commissioner of; in treasury notes or new currency to Agriculture and Labor John Husby| purchase outstanding government ob- voting in favor, and Attorney Gen-/ligations and provide for appropria- eral A. J. Gronna against. The mo-| tions to redeem 4 per cent of the tion to award the designing contract | notes annually for 25 years. The industrial commission, in vot- ing to issue a quarter of a million dollars bonds, acted under @ 1921 law, | exchanges. which had never been put in opera- | AS ENEMY PREPARES | ‘The act authorizes the consolida- tion of the electric plants at the state penifeniiary for the furnishing of| country in the next power for the prison and state build- ings. It also authorizes selling of| silver and coin the metal to power to private consumers in Bis- marck and Burleigh county. Action of the industrial commission on the matter was said Raye at the request of Dian commission which urged the commission to make @ decision so that the plans for constructing the capitol could be revised accordingly. for John C. Swett, : will for: Dufty. f of Bismarck, be afternoon. , Walter E. Vater, pastor of the iclate. ureh, will offi Pallbearers will be Harry A. Prank Barnes Homer Ebe "| Norbeck. Lower the gold content of the dol- lar by not more than 50 per cent, either by proclamation or by an in- ternational agreement looking to a stabilization of world currencies and Fix Minimum Price | Accept up to $200,000,000 in sil j at not more than 50 cents an a8 payments on war debts di ES ski jissue silver certificates H ele any demands for redemption of for: Wheeler. ‘The final roll call on the inflation plan showed: ‘Minnesota—For: Shipstead; against: North Dakota—For: Frasier and South Dakota—For: Bulow and Montana — For: Erickson and Wisconsin—For: La Follette; un- accounted for: Duffy. Noted Airman’s Body Is Found on Mountain