The Bismarck Tribune Newspaper, February 15, 1934, Page 3

THE BISMARCK TRIBUNE _THURSDAY, FEBRUARY 15, 1934 7 j i cause of its vast stretches of almost |terminals at the same rate now sup- |56.23 per cent in 1932. ‘Dakota-Montana Wheat Growers’ a approved by President. Roosevelt | to & possible one per cent of their | > level trackage. During the winter, he | plied to shipments to Minneapolis} Taking a mythical freight train of sociation against the Grain Stabili- after Secretary Morgenthau, Senator insured deposita instead of becoming ‘said, maintenance costs are reduced |and Duluth. Johnson said this would |70 cars as an illustration, Williams! zation Corporation. Glass (Dem., Va.) and Representa- unlimited. to @ minimum because the frozen'enable mills at Billings, Mont., to|said the increase asked by the Toads | ——_ tive Steagall (Dem., Ala.) had con-| Another is an accompanying year’s round makes a “concrete” road bed. | purchase eastern Montana grain. Un- | would increase by $3,117.03. the cost Grant Extension of ferred. jextension in time for state banks to| A. J. Burke, Alexander, N. D., grand He said North Dakota believed fed- |der the present regulations, the rates | of hauling a train load of wheat, bar- + | The change, if approved by con-|decide whether to join the federal! master of the Odd Fellows lodge for ; eral regulation of truck lines would be are. higher to westward than to east-|ley and flax from Minot, N. D., to} Banking Insurance| prea as appears certain, means that Teserve system or get out of the in- the eee | of bee one) ag than ern. points. ‘i Duluth. The cost to haul ha Reig eal July 1, 1935, instead of next |SUrance corporation, an rease in shipping rates. ‘illiams presented figures to show 70-car train from Devils Lake to = M ft { MET BY LOCAL BODY ‘Montana rates westward were des- | that in 1931 the four railroads operat-|luth would be $12,861 under present; Washington, Feb. 15.—()—Exten-|July 1, deposits will be insured only cribed as too high by William John- son of the Russell Milling Co., Min- a and 8. J. Wettrick of Tacoma, | . law would FINED FOR GAS PRANK ing in North Dakota had earned $32,- rates, he said, but would jump to $16,- sion of one year of the present $2,500 |UP to $2,500. The present : 394.908 in gross eash income from their 920, an increase of $4,059, under the ‘guarantee-in-full limit, on bank de: ;BAVe boosted 10C00 ree Ja wit, | New York, Feb. 15—()—Eugene & |evening. He will visit lodges in North Dakota properties as compared | proposed rates. jPosits Thursday bore administration |ance up to $10 toe on denostte up Daniell, Jr., Boston lawyer and Har-leastern and northern part Charter for New Building ‘and| Wash. with a total farm gross income of| Seas alae approval as a host of new benking|75 Per cent guarantee on deposits UP vard graduate, was fined $800 Thurs- before returning Loan 6: Want Competitive Rate $57,500,000. He said the percentage of GRAIN SUIT DISMISSED |recommendations were sent to the to $50,000 and a 50 per cent guarantee day with the alternative of 30 days y oan Group to Be Issued ‘They asked a blanket rate for the|earnings of North Dakota rail prop-| Minneapolis, Feb. 15—(P)—Federal capitol by J. F. T. O'Connor, comp- above that. in Tombs prison, for the tear gas i Soon, Says Nystui state 0 grain from any point might erties to the farmers’ income had in-|Judge Gunnar H. Nordbye Thursday troller of the currency. | _An important point involved is that bombing of the New York stock ex- t ‘2 ys Ny be moved to Seattle and other coast | creased from 16.39 per cent in 1924 to|dismissed the action of the North Action on the deposit guarantee law the liability of insured banks is held | change last summer, inner acacia } e, Requirements for securing a charter | for establishment of a federal sav- F ings and loan association in Bismarck 1G have been met and the application for a charter submitted, John Nystul, | field organizer for North and South Dakota, announced Thursday. The 7 | Jocal institution will be known as the § PY “First Federal Savings and Loan As- sociation of Bismarck.” ; Tnterest shown In the project by 43 Prominent Bismarck businessmen re- i sulted in speedy subscription of $55,- a 000, Nystul said. The government 4 matches local capital dollar for dollar up to and including $100,000. The association, as soon as its char- ter is granted, automatically becomes { member of the eighth district fed- eral home bank at Des Moines which will afford the association re-discount Privileges and provide additional t funds for mortgage purposes. The Bismarck institution would serve a territory within a 50. mile id radius of Bismarck. Offices would be established here, As soon as the charter is granted. the present temporary board of di- rectors, headed by A. W. Mundy, will meet and effect a permanent organ- i ization. A secretary-treasurer will be ti chosen. h Nystul praised the enthusiasm the q local businessmen displayed in sup- Porting the proposed association. Rules and regulations of savings and loan associations, Nystul said. are such as to represent the soundest. features that have been developed in more than a century of American ex- perience in home-loan finance. Max- q imum protection is provided the in- 4 vestor and shareholder alike, he said. Members of the temporary board of d directors of the local association are: " Mundy, J. E. Davis, Harry E. Hanson, F. A. Lahr, J. A. Larson and W. 8. Graham, i FOR NORTHWEST ARE ree dn gage ge he en mapa yes! “Built-in” quality that stands years of service i jenna It’s the hidden worth back of Ward's DECLARED 100 HIGH w Sale ‘enh that makes the values all the more remarkable. No Furniture Sale in all America equals it ... we believe! Come! SEE for yourself the is th lue- here, in 500 1. ©. C. Asked to View Farmer perdi = rts i) Spiga leseas nella ii = Partner of Railroads, Ease His Burden 4 * Plan Makes the ON WARDS LOW % 8-Pc. Suite $9Q.88 ) ‘Washington, Feb. 1.—(7)—Pleas for rate schedules that would enable freer competition forthe northwest’s annual grain crop were made before the in- terstate commerce commission Wed- nesday by representatives of north- west terminals and states. Most of the argument was sectional, each counsel appealing to the commis- { sion to readjust rail hauling rates on } @ reduced basis more favorable to q the area he represented. atta $8 down, $8 monthly, plus carrying charge | From North Dakota, the state whose $ 38 f Governor declared an embargo on . if bors eee Laity a plea Fringed i to railroads lew the grain pro- f ducer as a partner in their operations Watch these Axmin- ot ee 2 5 / and consider his financial plight in-| ster Rugs speed out. fn soft. folds. c stead of asking for increased rates. at this Sale price! 3-in, fringe. Neal Williams of Fargo, represent- All seamless. ing Gov. Langer and the Fargo Cham- ber of Commerce, told the commission that James J. Hill, the northwest railroad pioneer, had built up his “great empire” with such a partner- ship philosophy as a foundation. How Hill Made Money 44 “The North Dakota grain traffic en- a a 6 abled Hill to buy the Burlington road, one of the richest rail properties in the world,” Williams said. “Unless the roads consider the farmers as their Partners, it will be just a question of ‘time until the producers will be forced to leave their farms.” Williams said North Dakota had the lowest freight handling cost per Wardoleum mile of any state in the union, be- n42e .., Debt, widths "What SHE TOLD <r '% NOPE ‘e' BOS EN Men's black leather ox- fords. No-Mark composition sole. Medium Smart arch sup- : port shoes for = women — made of fine kidskin. Sketched is justone of ; Save! Cover your d floors now. with poly pee saint. water- proof. Wardoleum! Wall Paint Flat finish, dries overnight Te is easy to . sre $195 Costasolittle! - “ Gauon Riversides Have to be Good to Back This Guarantee! 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