The Bismarck Tribune Newspaper, June 30, 1933, Page 3

vi N « THE BISMARCK TRIBUNE. FRIDAY, JUNE 30, 1933 LOAN CORPORATION IS MAINSPRING OF MORTGAGE RELIEF} Aim Is to Get Mortgagee and} Home Owner to Agree Under Bond Plan | Washington, June 30. — (®) — The! main-spring of the nome mortgage| relief law will be a $200,000,000 govern- ment-owned “home owners loan cor- poration.” Officials say it should be operating by August with agents in| every county, The corporation is to help owners of homes velued at no more than $20,- G00, and on which the mortgages do not exceed 80 per cent of the present value. It has power to issue up to two billions in bonds to take up such) mortgages. A home owner who cannot meet! mortgage payments should first ask the holder of the mortgage to agree, rather than face default, to exchange the mortgage for 18-year bonds, issued by the Homeowners Loan Corporation and bearing 4 per cent interest. On these bonds the federal government guarantees interest bu: not principal If the mortgage holder agrees, the agreement is taken to the county agent for his approval and that of his superior officers. Upon such approval the mortgage holder takes his bonds and the cor- poration takes over the mortgage, au- tomatically reducing the interest to 3 per cent. The debt is to be paid off in 15 years, The corporation expects to accumu- late a surplus which will enable it to pay off its 18-year bonds when they fall due. If the mortgage covers less than 80 Per cent of the value ef the property. as aporaised by the agent of the cor-j poration, it can lend up to that tota! to meet taxes and repairs. If the mortgage holder won't accept the 18-year bonds, then the corpora- tion can lend money to the home own- er, up to 40 per cent of the current real value of the property, to help him take up the mortgage. The county agent arranges this. Such loans would be at 6 per cent, for 15 years. Those who have lost their homes during the past two years can, if they get the mortgage holder to agree, still avail themselves of the benefits of the law. Through the county agent, the cor- poration can advance up to 50 per cent of assessed value on unencum- bered homes to meet taxes and re- pairs. ay | Schrunk | pis ia eapreemeera eae, > By IRENE MARCHANT Miss Irene Marchant visited her sister, Mr. John Witt, Tuesday after- noon. Jake Stroh and daughters Lorraine and Velda, were Tuesday afternoon callers at the home of Mr. and Mrs. Dave Hochhalter and family. Delmar McClellan and Emil Stroh were callers in Wing Tuesday. L. C. Marchant was a caller on Dave Hochhalter Tuesday afternoon. e Edward and Emil Stroh and Miss Irene Marchant were Tuesday eve- ning visitors at the J. E. Witt home. Mr. and Mrs. Dave Hein and daugh- ter Ruth and son Irvin are visiting at | the home of her sister and brother-in- | law, who live in Montana. Albert Neiters was a Saturday after- noon caller on R. G. Marchant. Emil Zelmer, Mr. and Mrs. Jacob | Stroh and son Edward, motored to McClusky Wednesday. Ed. Nolan had the misfortune of ——— Citation Hearing Petition for Ap- pointment of administrator and for Letters of Adminintra- tion, State of North Dakota, } County of Burletgh, J In County Court, Refore Hon. I. ©. Davies, Judge In the Matter of the Estate of Eliza- beth J. Swett, Deceased. Swett, Minnie Elizabeth Schmid, David W. Sw flizabeth May B zabeth May Swett, Respondent: The State of North Dakota Above Named Respondents: You and each one of you are here- by cited and required to appear be- fore the County Court of the County of Burleigh, in said State, at the of- fice of the County Judge of Coun- ty, at the Burleigh Co! 1 Clinton Petitioner, to the keta Court House in the marck, in said county and state, on the 19th day of July, D. 1938 at the hour of two o'clock noon of that day, to show cause, if any you have, why the petition of Clinton C. Swett on file in said Court in the matter of the estate of Eliza- beth J. Swett, deceased, praying that he, Clinton C. Swett, may be appoint- ed administrator of said estate and that letters of administration of said estate may be issued to said Clinton C. Swett, should not be granted. The late resident of Elizabeth J. Swett, deceased, was, at the time of her death, the cfty of Bismarck, in Burleigh county, North Dakota. Let service be made of this citation as re- quired by law. aghited this 29th day of June A.D. By the Court, . C. Davies, Judge of said County Court. (Seal). cus Citation Hearing P. pointment of admit for Letters of Adm! tion. State of North Dakota, | County of Burleigh, In County Court, Before Hon. I. C. Davies, Judge. In the Matter of the Estate of John C. Swett, Deceased. Clinton, C. Swett, Petitioner, vs, Minnie Elizabeth Schmid, David W. Swett and jizabeth May Bradley, formerly Elizabeth May Swett, Respondents, The State of North Dakota to the Above Named Respondents: : You and each one of you are hereby cited and required to appear before the County Court of the County of Burleigh, in said State, at the office of the County Judge of said, County, at the Burleigh County, North Da- kota Court House in the city of Bis- marck, in said county and state, on the 19th day of July, A. D. 1933 at the hour of two o'clock in the afternoon of that day, to show cause, if any you have, why the petition of Clinton ©. Swett’on. file in said Court in the matter of the estate of John C. Swett, deceased, praying that he, Clinton C. Swett, may be appointed administra- tor of said estate and that letters of administration of said estate may be issued to said Clinton C. Swett, should not be granted. The late residence of John C, Swett, deceased, was, at the time of his death, the city of Bis- marck, in Burleigh county, North Da- kota, Let service be made of this citation as required by law. apppted this 29th day of June A. D. By the Court, I. C. Davies, Judge of said County Court ple went there and helped put the! fire out. Emil’ Johnson was a caller at the) Jacob Stroh home Friday morning. | Mr. and Mrs. Adolph Bender and} family and Emil Zelmer were Wing callers Thursday afternoow. Mr. and Mrs. Dave Hochhalter mo- tored to Wing Friday afternoon. Gaughter Irene, Mr. and Mrs. Herbert Wilson By MRS. JOHN A. BERG having his barn struck by lightning ' dinner guests at the home of her par-| day were Ray and Carl Berg of wing, | Thursday morning. A number of peo- ents, Mr. and Mrs. R. G. Marchant. |Edwin, Alma, Ervin and Leonard |Fischer of Pickardville and Paul, | |Ernest, Clara, Ray and Albert Wag- |ner, | Mr. and Mrs. Mike Wall visited at he Gust Graf home near Regan Sun- i Christiania | sO apa pacers eels By VIOLET A. CLARKE Mr. and Mrs, Robert Eisenbeisz Mr. and Mrs, Louie Wagner, Mr. and! A. J Mrs, Sam Ber; Mr. Gust Christ Neimiller Friday. | g pod Many And Miser Gb | athe. Gust’ Netinille” spent ‘Tuesday | amon; she v] ti evening with Mrs. Christ Neimiller. Ste ee tne one nN whe NEMA BARNCHER A VAINIGH: Mr. and Mrs. Roy Marchant and Newmiller and son Lenard, lag. were A son was born to Mr. and Mrs. Spent Friday night at the home of Mr. ‘and Mrs. Martin J. Olson. They left |for Huron, 8. D., Saturday morning. | Ernest Schoon and Adolph Hanser: took Elmer Peterson to the Mandan ‘tamily of Sterling were callers at Mrs. Jennie Clarke's home Wednesday. Mr. and Mrs. James Sedivec took in the Farmers Day in Wing Wednes- day. They returned home Thursday. | A. Rissauer was a Sterling calleri (@ Friday. | Bismarck callers Friday were Mrs. Jennie Clarke and Miss Violet, Willie| f and Tillie Schoon and Hazel Brusch- | wein, H Mr. and Mrs. Joe Paulson and fam- Hoffman, Miss Vivian Hoffman and Paul Bennett were Sunday supper guests at the Fred Smith home. Mr. and Mrs. Herman Seilenger and family, Mr. and Mrs. Clarence Kin- dred and daughter, Charley Seilenger and mother, Mrs. Seilenger, were Sun- day visitors’ at the Henry Seilenger home, Albert Neiters was a Sunday eve- ning visitor of L. C. Marchant. Mr. and Mrs. Fred Smith and fam- ily were Wing shoppers Saturday eve- ning. Henry Seilenger Ar a few days. Miss Emma Heimbuch visited Mrs. Mr. and Mrs. Herbert Hoffman and meetings at Lehr, N. D. | Bismarck shoppers Friday were Mr. and Mrs. Jake Wagner, Hilda Wagner and Herda Berg. | John Hoffman is visiting with his sister and_ brother-in-law, Mr. and [hott Sam Berg. | Floyd Emery called at the Sam Berg {home Friday evening. | Callers at the John Berg home iTuesday were Roscoe, Paul, Eleanor {and Donald Redington and Ted Hoch- halter, | ter Bertha spent Monday at McClusky | visiting Mrs, Berg's brcther. | Glen Cleveland and Paul Duma ‘called at the Berg home Sunday eve- ning, Mr. and Mrs. A. E. Nelson motored to Bismarck Saturday. Mr. and Mrs. John Wagner and! |sons visited at the Christ Berg home; \near Wing Sunday. | Halley Nelson and Eda Schatz called! at the Sam Berg home Saturday eve- | hospital Friday evening. He has been Staying at the Adolph Hansen home ithe past two months. Mr. and Mrs. W. A. Stile and fam- iily left for Stewartville, Minn., Wed- nesday to spend a few weeks with rel- atives, Miss Lucille Milman of Britton is spending a few days at the J. W. Beyer home. Mr. and Mrs. Harry Clooten spew Saturday and Sunday with friends in Bismarck. Harold Hinsz of Martin, N. D., is Mine |Spending a few days with his uncle! John Elness spent the week-end in Bismarck with his wife and family. ily were Driscoll and Sterling callers | Saturday evening. | Mr. and Mrs. Elder Elness and} Frankie were Bismarck shoppers Sat- | urday, Lester Clark was a Sterling caller| Sunday. home Sunday. Four Loaves Bread and One Cake—25¢ Assorted Pies, 17c Special prices on all bakery goods Saturday jand aunt, Mr. and Mrs. Wm. Wagner. |_ Emanuel Hinsz, Sr. called at the | John Berg home Saturday. | The four heaviest metals are gold, esmium, platinum and tungsten; den- jsity of a hammered or rolled metal Carl Beyer and Charlie Gosney of Mr. and Mrs. Floyd Belk and fam- Miss Vivie# Hoffman were #anday | Visitors at the Sam Berg home Sun-| is greater than that of a cast metal. ‘ily and Mr. and Mrs. Shapers and i Sterling called at the Edward ee | ( Axminster Rugs Ward's Low Price $100 Larger, better than most rugs at this price. Woven of wool yarns. Men’s Unionsuits Ward's Low Price 39c Superior nain- sook, 88 x 88 count! Roomy seat, full size, strap back! Boys’ Play Suits ‘Wert's Low Price 29c Tor 2 to 8-'ers vho play hard! slue and white striped hickory. Summer Skips Ward's Low Price 50c Pair Ribbed toe cap and toe bump- er! Non - skid tire tread soles. Duck uppers. Garage Vise Ward’s Low Price 15-Ib. size $275 M a chinists’ Lock Nut. Re movable pipe jaws. Red __ lacquer. Swivel base, LS 10-In. 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