The Bismarck Tribune Newspaper, September 14, 1933, Page 2

2 WORK ON CAPITOL BUILAING MOVING | ON SCHEDULE TINE) Plastering Completed From| Third to Eighth Floors; Tile Work Nearly Finished Work on North Dakota's new cap- itol building is moving along on} schedule time, according to Frank; Anders, secretary of the capitol build- | ing commission. Plastering has been! practically completed from the third to the eighth floors and the elevator | shafts have been finished as far as plastering is concerned. Metal lathers are working on the legislative unit of the new building. Partition tile is nearly complete on; the ground floor and from the third LOOK to the 12th floors, Partition tile is being set on the first, second and 13th floors at present. -Metal lathing is being completed on the first and sec- ond floors of the main building unit. Tower Section Closed The tower section is closed to vis- itors because of plastering work on the stairways and the putting in of terrazza floors in the elevator lobbies, ‘Window frames are being installed in the lower section of the building. | tone work is about completed except- ing for pointing and cleaning. Progress on the heating plant ts up vo schedule, Anders said, and is being pushed as rapidly as possible so the building may be heated at an early; date, if necessary. { ‘About 30 plasterers are working on | the building at present, all but six of | whom are North Dakota citizens, An- ders said. All North Dakota men who wre capable of doing the class of work required on the building and who have applied for jobs have been em- ployed. All other work, such as installing elevators, plumbing, gas-fitting and electrical fixtures are right up to schedule, said Anders, Preparations ure being made for the furnishing of power and light so that electric cur- rent can be used as soon as the build- ing is ready for it. Plans for the in- stallation of telephones are being pre- pared by the Northwestern Bell Tele- phone company. Accept Bids Oct. 16 Bids for furnishing electrical fix- THE BISMARCK TRIBUNE, _THURSDAY, SEPTEMBER 14, 1933 =" Banking History I QUESTIO * *# & * For Issue Now Before Electors Does the insolvent bank situation have any background other the effort to clean up the mess into which the banks got themselves? s Background ** & aes NS AND ANSWERS “ee Dakota. What are the high points of that history? the slightest provocation. How did this affect the present situation? that the state guaranteed payment of their deposits, What became of the guaranty fund law? It was repealed by the legislature in 1929 after it had utterly col- lapsed. assets by some $20,000,000. Did the guaranty fund pay anything to the depositors? Yes. Many depositors having less than $12 were paid in full. Deposi- tors in some other banks obtaincd small percentages of the amounts duc them. Guaranty fund records show that all depositors in two banks were guaranteed claims. Was any effort made to pay these depositors in full? Yes. Two different efforts were made to have the people of the state float bonds with which to pay the debts of the insolvent banks. In one case the petition asking an election on the. question was ruled by the than Yes, It is inextricably connected with the history of banking in North The peak probably is the depositors guaranty law of odious memory. | It was the foreranner of the tremendous bank expansion during the war period and immediately before which caused North Dakota to have more banks than it needed, many of them so insecure that they collapsed on It caused many persons to put their money into banks in the mistaken belicf that the credit of the state government was behind the bank and At the time the law was repealed debts of the fund exceeded its paid in full; 201 banks paid 10 per cent and 137 banks paid one per cent on for it on ‘THE MENU tures and for floor covering will be received by the board of caiptol com- missioners up to 9:00 a, m. Monday, Oct. 16. Advertising for bids for the work will begin Saturday, Sept. 16. Preliminary plans are being worked out for landscaping so that work can be started as soon as the grounds can te cleaned Anders said. “This work will be carried out as rapidly as pos- sible, although actual work on land- scaping on an extensive scale cannot ibe done until the old capitol building unit, now occupied, can be removed as the street to the new capitol build- ing goes right through the place where this building is located,” he said. a sic acl | Weather Report FORECAST For Bismarck and vicinity: Partly cloudy pet ale and Friday; slightly warmer tonight. For North Da- kota: Partly cloudy tonight and Friday; slightly warmer tonight and east portion Friday ae For South Da- kota: Generally fair tonight and Friday; — slightly supreme court to be invalid. successful? Yes. In each case organizations lect a percentage of the amount paid the first bond movement, Yes. Langer and his associates on guaranteed deposits, $13,493.83. Yes. was their attorney. positors whereby the latter agreed to lected by them if the measure passed. What safeguards have depositors ministration of closed bank affairs? In the second case a proposal to issue $25,000,000 in bonds was placed on the ballot and overwhelmingly defeated, Did anyone besides the depositors stand to gain if these efforts were had been formed which stood to col- to a large number of depositors. Can any of these men be identifed now? Yes. William Langer, now governor, was organizer, secretary and at. torney for the Association of Depositors in Closed Banks which sponsored How did this group expect to profit? It took assignments of claims against closed banks under a contract|the vote of Montana be required to which gave the association a percentage of whatever amounts might be paid.|settle the issue, it would be forth- What was the total of claims for which this group received assign- | coming. ments as shown by the books of the guaranty fund commission? The total involved was $1,010,391.65. ‘Was any money paid on these assignments? received, as their share of paymen’ Are any of these “percentage” contracts still in existence? Who comprised the sccond group which attempted to obtain payment of closed bank depositors through a bond issue? Named on the petition, filed in 1928, were Dr. E. G. De Mots, Minot; F. W. Kinnoin, Stanley; Simon De Bilt, Berthold; G, W. McKnight, Velva; and H. E. Woodiwiss, Route No. 1, Sawyer. Halvor L. Halvorson, Minot, Upon,what terms did they urge such action? This cannot be definitely learned on short notice. The presumption at the time was that some individuals had obtained agreements from de- Pay a percentage of the amount col- in closed banks of the efficient ad- The receiver is appointed by a judge of the district court who, in turn, < 5 Strange But True News Items of Day (By The Associated Press) ew York. sept de_WoThey few Yor! make their champagne bottles tough hereabouts. Miss Jane Clarke, trying to christen s new plane “NIRA” at Roosevelt Field Wednesday hit the propeller with a bottle of champagne. ‘The propeller was dented, but the bot- tle remained intact. On her second trial she had more luck and the bottle smashed, WANT MORE SMOKE New London, Wis. — There should be no complaint from the public when smoke issues from a factory stack in these times, the city council asserted as it defeat- ed an anti-smoke ordinance. SHOCK WAS TOO GREAT Minneapolis—Meyer Kaufman, 65, reached what had seemed for @ long time to be unattainable Wednesday when he was given a job—but his joy ‘was short-lived. A few moments lat- er he dropped dead of heart disease. Montana Sees No Need for Election j__ Helena, Mont., Sept. 14—()—There will be no prohibition repeal election in Montana. this fall, Governor Frank H, Cooney said Thurday as he scan- ned news dispatches summarizing the status of the repeal movement. “Montana,” the governor said, “won't need to vote. It will be in the basket by November 7 and we can save our $100,000 and use it to feed our needy people.” The amount re- ferred to is the estimated cost of a special repeal election. Governor Cooney added that should TURKEY HAS EARTHQUAKE Istanbul, Sept. 14—(7)—A heavy loss of life and property was feared as a result of an earthquake Thurs- day at Hassankale, in Erqerum prov- ince, near the Turkish-Soviet border. Details were lacking because all lines of communication were broken, but it was believed the toll of lives and property in nearby villages also was great. CONTINENTAL CROP REDUCED illiam, Ont., Sept. 14.—(P)— The ‘d of grain commissioners Thursday estimated production of North American wheat at 400,000,000 bushels less than last year in a report which showed marked improvement in the movement of Canada’s wheat Wins in Spanish Cabinet Ousting Radical elements led by Ale- Jandro Lerroux, above, have forced the resignation from the cabinet of Premier Manuel Asana of ‘Spain. The crisis was precipitated by the gov- ernment’s poor showing in the recent, elections. Public Works Board Favors Home Builders Devils Lake, N. D., Sept. 14—(7)— In a ruling in which every member of the board concurred, the state board of public works Wednesday was on record requiring North Dakota architects be employed on North Da- kota public works projects as long as they are available to do the work. ‘The same policy will prevail toward North Dakota engineers and to all classes of labor on public works pro- Jects. ‘Wednesday the board heard dele- gations from Calvin, Cavalier and Walhalla. The Walhalla delegation, composed of Albert Morris, H. N. Lee, Howard Best. and Harry Porter, received in- structions in preparing an applica- tion for building of an electric light- ing plant estimated to cost $50,000. John M. Porter and Archie Sellers, Calvin, presented a project for the graveling of a strect in Calvin. It could not be qualified under the pub- lic works act. GENUINE BAYER ASPIRIN Because of a unique process in manufacture, Genuine Bayer Aspir- in Tablets are made to disintegrate —or dissolve—INSTANTLY you take them. Thus they start to worl instantly. Start “taking hold” of even a severe headache; n 5 neuritis or rheumatic pain a few minutes after 5 And they provide SAFE reliet— for Genuine BAYER ASPIRIN not harm the heart. 80 if you po QUICK and SAFE relief see that you get the real Bayer article. Always look for the Bayer cross on every tablet as above, and for the words. GENUINE BAYER ASPIRIN on every bottle or package. meen junlianicienietnnneeennen EME aM GENUINE BAYER ASPIRIN DOES NOT HARM THE WEART Keep Young with Your Children Don't give them hey wad “ shir across mother Jom your ert a brn eS today. Start taking L; Vegetable E. e Compound. It will steady cota strength ood a By axuel record, 98 out of 100 women say, “It helps me.” Give it a fair chance to you too. Sold by all druggists. 8, M. Mowry and O. T. Rosmos of Sarles were instructed in preparation of an application for a loan to com- NOTICE TO THE PUBLIC is designated by the supreme court to have direct supervision over these affairs. The district court judge who appoints the recciver of close banks: may discharge him from office at any time. The receiver is not a public official but an officer of the court. Who is the judge now charged with responsibility for closed bank inistration? admi Hon. John C. Lowe, Minot, » judge of the fifth judicial district, is the third judge to hold this office. ‘Who were his predecessors? Hon. C. M. Cooley, Grand Forks, first district, and Hon. Thomas H. Pugh, Dickinson, sixth district. Both died while holding this office. GENERAL CONDITIONS Has political favoritism entered into the administration of closed banks ‘A low pressure area is centered| 8nder the present system? Apparently not. Judge Cooley was a member of the I. V. A. political over the northern Rocky Mountain Medicine Hat 29.54) while a faction. Pugh was a Nonpartisan, as is Lowe. region (Medicine Penney Is provision made in the proposed law for judicial control of the nu- PUN ERCeMre ACER SUE ate a erous receivers of closed banks which might be appointed? is centered over the upper Great) @ yes. Original jurisdiction is placed in the two judges of the district Lakes region. Precipitation occurred | court of Burleigh county. over the north Pacific coast and in a In what way does this differ from the present law? narrow strip from Colorado eastward In effect it substitutes the two judges of the fourth judicial district to the lower Great Lakes region.| for the five members of the state supreme court, es alg are he Northwest, bu rising over the Dace e it slightly cooler weather acing he new rh the way for political considerations in man- es, warmer east por- tion. For Montana: Unsettled tonight and Friday, local showers west por- on pene cooler southeast portion tonight. Minnesota: Generally fair tonight and Friday; slightly warmer in west and south portions. ito market places of the world during August. khan s Vesetable Compount Lydia E. Pin prevails over the central and south- ern states. Missouri River stage at 7 a. m. 0.3 ft. 24 hours change, 0-2 ft. ‘Bismarck station barometer, inches: 28.29. Reduced to sea level, 30.05. PRECIPITATION REPORT Total this month to date . Normal, this month to date Total, January Ist to date Normal, January Ist to date Accumulated deficiency to date A razor blade shortage —and its cause N tion is supervised with extreme care. In what manner? It makes the bank examiner the receiver of closed banks unless the depositors take definite steps to manage the business themselves. The bank examiner is an appointee of the governor. Have any objections been made to designation of the examiner from a 0.09| Practical standpoint? 0. Yes. In view of the fact that the bank examiner controls state banks 8.97| before they are closed, some depositors feel he should be barred from '3.70| administering them after they are closed. They assert this might give 4.73) the public a check on the examiner’s department. . MAZING public response—far estimates—greeted Gillette’s drastic and retail dealers are out of stock. The factory can- demand. The rea- son for this fs very ‘simple. Quality must be main- tained at any cost. law in our factory. In fact—today NORTH DAKOTA POINTS High- Low- est est Pct. BISMARCK, pcldy .... 78 53 .00 Beach, clear ... » 80 Carrington, cldy . Devils ‘Lake, tous evils e, foggy ..- o+-Post Toasties—always | Dickinson, peldy Drake, cldy .... fresh, crisp and delicious Bunn Center, cigat Trane rks, C! In the special individ- ‘ val serving package. fusal of citizens, whether wet or dry, to accept the best the legislature has to offer, still I can not let the social dangers bound up in this law go un- challenged by the years of sad ex- Perience with the open licensed sa- loon. Our recent experience has been Sad enough; our past experience far sadder. Our future experience is likely to be saddest of all unless all the citizens weigh all the facts avail- able, think constructively, and act upon their own best judgment. Sincerely yours, FLOYD E. LOGEE. * * Editor's Note—Rev. Logee and ‘Tribune readers will be interested in an editorial appearing in this issue under the “Here's Why.” = September Sale Wilson Bros. Preshrunk Broadcloth Shirts We are to a continuance of the highest standards of excellence. Expansion to meet present de- Gillette, Probak If your dealer is and out of blades his unc elt Valet AutoStro Blades Now replenished within a few days. S « 25% In the mean- All Wool Sleeveless ; ‘ time we ask your Sweaters 95c NOTE TO DEALERS: indulgence and ’ trust you will have no difficulty in finding a store Corduroy, Tweeds, and orsted In our effort to fill a tremendous volume of orders and et the same time forward your adjustments as promised, deliveries of Gillette, Probak Valet AutoStrop blades are slightly ind. As soon as mm People’s Forum (Editor's Note)—The Tribune wel- comes letters on subjects of inter- est. Letters dealing with contro- versial religious subjects, which attack individuals unfairly, or which offend good taste and fair play will be returned to the wr! ers. All letters MUST be signed, If you wish to use a pseudonym, sign the pseudonym first and your own name beneath it. We will spect such requests. We reser’ the right to delete such Hankinson, cldy Wherever you order your break- fast — posed, FeSTaueAnE: dining < car — you'll find Post Toasties. 5 Packed especially in the individ- |Barshall. pccy ual-serving box that gives you | Williston, clear just as for one grand, deli- |Wishek, cldy .. or) $ cious helping. i sore: DAKOTA Pairs gate Post Toasties by name: Rapid’ : City, ely. 176 60 ‘ou'lll love its crisp, flavory flakes JOTA POINTS with milk or cream and sugar, MINNESOTA PO! or with fruits or berries. And Minneapolis, clear 7 50 ic Moorhead, clear 4 52 lof citizens must pass judgment by there’s energy, too, in these toasted hearts of corn. The 3 Te their vote, it is essential that, so OUT OF STATE High Low far as possible, all points of view quick energy you need. es If you are eating at hotels or 86 Pet.| should be presented. I, therefore, 00] offer to your “People’s Forum” the restaurants, look for PostToasties on the menu—tomorrow! In the 00] reaction of one who approaches this = question from the point of view of individual-serving package that keeps it fresh and sweet and social welfare and social control rather than from the standpoint of crispy-good always. And when at home, order the large size profit, either to the state or indivi- package at your grocer’s. A product of SOUND REASONING Sept. 12, 1933. 233888888883 Editor, Tribune: In reading your “Beer Bill Facts” in Monday's Tribune I could not fail to recognize the difference one’s point of view makes in the interpret- ation of any given question. On pub- ile questions, where the rank and file 3} 3 88 Et Amarillo, Boise, Idal Chicago, eldy . Denver, Colo., clear .... 64 Doge Clty, iin cleat 68 e y, Kan., cle: Edmonton, Alta., peldy. 72 Havre, Mont., clear ... 84 peers. Mont, clear .. 80 Ka Kansas City, Mo., rain. 71 . peldy ... 70 A, clear 82 Tex., cldy ho, cldy . ses that is sweeping us toward repeal I believe we must safeguard in every possible way the interests of society at large. And there are large inter- ests at stake in the proposed law. First of all, the law is drawn for revenue, rather than for social con- il Revenue and profit are its key Van Huesen and Arrow Collars 20c Night Hawk Pajamas duals. During this tide of reaction General Foods. oma, °., " oeleniourt, Bask, aber’ oa be peer 58 : idy .. 2 Ueclear 8 ., clear 64 Probak and Valet AutoStrop blades, SBSesR8s88s83' Second, the law seeks to confer, and seems to confer, social and moral responsibility backed only by politic- al authority. Third, the law definitely ties the beer business into politics, since the is the sole authority; politically appointed, serving without ‘00 | bond, and removable without cause. 48| Fourth, the commissioner becomes 388 SsR Et i cldy Winnemucca, Nev., cir. 90 Winnipeg, , Man., cldy .. Hebron to Dedicate _| tt "g 8, . terpretation, and » New City Auditorium | criminstory. — Sixth, the law recognises the po- was|tential evil of brewery-retail busi- scheduled to speak at Hebron Thurs-|ness and seeks to prevent brewers day at the dedication of Hebron’s new}from direct retailing without ade- auditorium. quate safeguards in the law to pre- ' After the celebration he is to go to| vent this, gor Seventh, the Trousers $2.95 . Genui Oxfords $2.95 $3.50 Hand Felted Hats $295 to $500 SSLRSSSSLSSSSRELTESISSRSSS con. which has Gillette, law removes all local FOR YOUR 7, r ideale