The Bismarck Tribune Newspaper, March 24, 1934, Page 3

Turning The, _ “On Fis Merits SEARCHLIGHT Behind the Scenes .| THE SHERIFFS SHOULD PREPARE FOR ACTION is not the function of this column but it takes no seer to fore- ‘OF HEART DISEASE OO John Simmett, Well Known Bus- Inessman, Succumbs Af- ter Long Iiiness | Today's Contract Problem How would you bid: this hand, South being the dealer? And with a spade no trump, how many tricks can South make? z vio . Many as a means of salvation for the farmer. Sonn farmer up against the buss saw. Here's why: crop mortgages, have been figuring how to ari bugs a E new law prevents the extension of when vulnerable, in opening the. bid- ding with one no trump on a weak holding. You must remember that you can lose more points on one hand in contract bridge than you can gain in an entire evening's play, by. just One of the strongest weapons with which to combat the people who open with @ weak no trump is the deduc- ‘When North makes the original bid pos D Peers = aeeg 5 ; E larmer may have which is not means they must grab the crop as soon as it be- Teal estate and attains the status of personal prop- is a part of the land. cut, sheriffs will be ordered by judgment holders to to pay the judgments. In effect, the peace officers may be already mortgaged. g EB -rr> ye" 5 g ae . Until it ts cut it But as soon as Unknown politically, Dr. Frank P. Corrigan, Cleveland, O., hos- tal head surgeon, abov. been named U.S. Salvador because he ts an au- thority on Latin-Amer' East will open the king and then shift to the jack North might: as well win queen. Now the question is, how to Play the club suit. North should cash his ace of clubs, because if he should underlead the ace, that is, pley low first, he would never make the ace. and give them the proceeds, after deducting the expenses. ‘The result will be to leave the farmer holding a very empty bag. ‘The information comes to The Searchlight from a source which has brad no mistakes on these matters in the past. The thing is clearly on to wonder if these paternalistic schemes are all during his medical work in He ts noted as @ lin- guist end tor his ultra violet ray research. Many a farmer is going they are cracked up to be. AND NO MORATORIUM WILL HELP. At first blush it might appear that another moratorium declaration or —_—_—_————— NOTICE TO CREDITORS. — | Bits of News From will win the trick with the jack. Charter No. 2684 Reserve District No. 9 REPORT OF CONDITION OF THE FIRST NATIONAL BANK OF BISMARCK, IN THE STATE OF NORTH DAKOTA, A? THE CLOSE OF BUSINESS ON MAR. 5, 1984 Loans and discounts . came seccccmass$ 120,844.18 Overdrafts ....0.+ aman 179.08 United States Government securities ownedsg. +. 967,680.84 Other bonds, stocks, and securities owned ss: sums? Banking house, $96,500. Furniture and fixtures, $12,522.23 .....sccccocome: Real estate owned other than banking house cess. Reserve with Federal Reserve Bank Cash in vault and balances with other banks Outside checks and other cash items ... % Redemption fund with U. 8. Treasurer and due from U. S. Treasurer Interest earned not collected Other assets ....y060 8,108.07 TOTAL ..ccmmecssss+ 16,687.84 Liabili ties Demand deposits, except U. S. Government depos- .__ its, public funds and deposits of other banks. .$1,079,485.43 Time deposits, except. savings, public funds and deposits of other banks................ 1,845,908.66 Public funds of States, counties, school districts, or other subdivisions or municipalities...... © 215,029.25 United States Government and postal savings de- posits .... weet 498,593.65 mee wd Lg ing certified cashiers’ checks outs' NZ ..czeccecceces 189,254.84 Secured by pledge of loans and/or 7 investments ..........e00000.$ 498,593.65 Not secured by pledge of loans and/or 2,779,677.68 secccsccces ughout World Press) & gubernatorial prohibition of such action might help, but that seems im- Probable in this case. The reason lies in the sheriff's liability for failure to carry out the duties of his office where money matters are conceryed. If a prohibitory order is issued it will be clearly illegal and an interference with the enforcement of the law. If the sheriff doesn't act on behalf of the judgment holders he will be liable on his bond. Real money will be at stake and the collectors will not hesitate to force the issue. Few sheriffs will want to take on the Job of paying the farmers’ obligations, execute the judgments. ‘The moratoria to date have not been challenged because it has been to No one’s interest to do so. If anyone thought he were losing any consider- able sum of money by reason of their operations, the thing would have been in court long ago—and probably declared illegal. West's best play is to show his part- ner an entry card by laying down the king of diamonds, ‘West then leads the jack of hearts, North will not cover, and West will continue with the ten of hearts. ‘When North's queen goes on, East) will | ¢h, win the trick with the ace. He then will cash his nine and sev- enf of hearts. West will let go a club| a; jand a spade. North now is being of one no trump, East does not need |squeezed and has to discard the queen to step in—he can pass. If his part- ner has two tricks, he will double, realizing that, with North using 3 system whereby he can make an orig- inal weak no trump bid, and with South passing, East must have the high card tricks. IN THE MATTER OF THE ESTATE OF Christine Johnson, Deceased. Notice is hereby given b: (By The WOULD REVIVE ENTENTE B. administratrix of th tine Johnson, late of the cit; he County of Bur! Rubber bridge—N. end 8. vul. Opening lead—@ K. They won't like it but they will ims against the estate of said {ter the first publication of this tice, to sald administratrix at 1017 ifth Street, north, inthe city of Bis- jand deuce of clubs. a rire East leads the ten of diamonds, ‘West wins with the ace and returns a through North’s jmaking East's ace-ten and seven of |Spades good tricks. If North fool-|¢ iishly retains his ace of clubs instead North passes, expecting East to take | of his queen of diemonds, he will lose ‘out the double, but East simply pass- jeven the last trick. es. The hand is trapped. Of course, | in this case, if South were to bid two!down five tricks at one no trump clubs, the slaughter would not be 80 | doubled, for a loss of 2,000 points. | (Copyright, 1934, NEA Service, Inc.) to deficiencies in studies in the 25 years he has been mentor. TO CHECK ACREAGES Williston, N. D., March 24—(}— Sixty-three inspectors to check on teoae wheat allotment contracts in Wil- 10:00 o'clock—The Church Bible|liams county have been named by Y |the county board of directors of the wheat control committee. The m- Society—In- | SPectors are to check acreages seeded 8 s00n as crops advance sufficiently ;to determine’ whether farmers have |G: o'clock--Pastor's instruction [complied with the terms of ‘their con- Yclock — Evening tracts, ings Which Belong Unto, Pea 0 o'clock--Young People f . All young people are in- ry Court of said Burleig! Psd ane Burleigh County, in Burleigh County, THE FIRST MORATORIUM WAS PURELY VOLUNTARY In view of the fuss being made about moratoria, it is interesting to note state enjoyed was entirely voluntary and was granted which had invested in farm mortgages. in Cass county and resulted from a community of interest among farmers, persons holding chattel mortgages and those estate mortgages. farmers, crushed to the wall by poor agricultural prices, were un- able to pay either interest or principal on their real estate mortgages. Hold- ers of chattel mortgages likewise got nothing. From their eastern offices the insurance companies began to talk of foreclosure. mortgagors went unanswered. They were peeved. Holders of chattel mortgages became alarmed. If the farmer were dis- Possessed, they would have to seize the chattel security and sell it for what they could get, which was only a small part of what they had invested. The insurance companies would have on their hands land which they did not want and did not know how to operate. busted flat but would have no place to live and little hope for the future. One enterprising man, who represented interests holding large quanti- |,. ties of chattel morigages, talked it over with his farm debtors. Out of these conferences came a decision to ask the land mortgagees to let things ride. The man represented the farmers in the dealings with the insufance com- panies and other mortgage investors, agreed with the latter to be their un- official representative in managing. the deal. The ition worked. Things were left as they were and everyone prayed for a break. The farmers had a chance to work out their own salva- tion, at least were not forced to seek new homes. The chattel mortgage people had a chance to get out on a better basis when things improved. The panies were saved the cost of foreclosure and the trouble of pacar land obtained by this method. They already had more than they |; vited. The musical service; Grace Duryee Morris, organist. that the first one this dent of the League of Nations Coun-| It began two years cil, died at 59. He also was Panama minister to Paris, ELECTION I8 ANNOUNCED Rome—A proclamation formally announced the election Sunday at which 10,500,000 voters will prove the government’s selection ‘of 400 members of the next cham- ber of deputies. ‘FAT’ PUT THE SHOT The record for the shot put at Dartmouth, established by Dr. Clar- ence “Fat” Spears, present Wisconsin grid coach, was recently broken by a throw of. 49 feet 5% inches by Tony Geniawicz. h Dakota, and who resides in the elty of Bismarck, in the County of Burleigh and State of North Dakota, You are hereby that Hon. I. C. Davi County Court within t ixed the 3rd day of Oct- 4, at the hour of two o'clock in the afternoon of said day, at the Court Roome of sald Court, in the said Court House in the City of Bismarck, in said County and State, as the time and place for hearin, adjusting all ciaims against the r Here we find the declarer going a jintiy“aatanioke rth | Against circulating notes outstanding..........« 100,000.00 RATE * Additional Churches | | THE PRESBYTERIAN CHURCH Thayer at Second St. Floyd E. Logee, Pastor. We cordially invite you to all serv- The farmer would not only be deceased, which have regularly presented as. hereinbet ded. ed March 10th, A. lice as the administratrix ‘of he estate of Christine]. Johnson, deceased. . 11:00 o’clock—The morning worship, dom That Cometh.” o'clock—Pioneer 6:30 o'clock—Tuxis Society—Senior 4 rge 8. Register, ¥ of said (a abate ¢———_—_______—_—_—-"* Weather Report : FORECAST YOUNGSTER FIGHT TRAINER Bismarck and ity: Partly Freddie Rogers, trainer of Heavy- aandy to cloudy foe a Ler perl weight Johnny Risko, is said to be the = youngest handler of a major fighter in_the country. If that area gets a crop this year everyone will benefit further. The governor's moratorium proclamation has meant nothing to these people. HOW THE BRICKBATS WILL FLY And speaking further of moratoria, there will be plenty of brickbats sat id| hurled on that subject during the coming political campaign. Strangely enough, they will be thrown original Vocal the moratorium idea in this state and now at odds with the governor. Its leaders assert that Governor Langer vetoed the best and most work- able form of the moratorium, enacted by the last legislature, either through ignorance or # desire to make a “grand-stand” play. They don't say which. ‘The bill would have exempted district court judges from deciding within The requirement that judges decide cases within that period has been on the books for years, although they have oc- casionally overlooked it. The legislative enactment would have given judges legal grounds for holding up decisions in foreclosure cases, creating in effect a judicial mora- torlum. Such matters would have been subjected to judicial determination. If a judge decided a foreclosure was unjustified under the circumstances, he could simply. refuse to sign a decision, leaving the matter in status quo. ly | Both sides would have opportunity to be heard. The judge would have access to all the facts. ‘As it is, opponents claim, the governor's moratorium has been a “put ” affair and his order has been enforced or lifted by him from time representations made by only one party, as witness that Burleigh county case of which mention has heretofore been made. ‘The voters will hear a lot about this before the ballots are cast. Langerites will contend the moratorium has been a blessing. Opponents will charge he vetoed a good one-to give them a worse one. ‘The reason for the veto, by the way, was based on the claim that judges had too much to do to force them to decide cases within 30 days. Organ Prelude: Morning Serenade— Sing Allelulia Forth— Chanson—Groton. ie STATE CAPITOL NORTH DAKOTA ADVERTISEMENT FOR LIBRARY STACKS Sealed proposals tonight and Sun- onig! eo by the Farmers Union, the Mr. Geo. Humphreys Organ Postlude: Festival—Kroeger. an, in said Burleigh County, or Stacks in the new State Paks guseasbt-tne County couce oe Bullding at Bismarck, North Dakot: will be received by the Board of State Capitol Commissioners at. the office of the Secretary, in Bismarck, North Dakota until nine thirty o'clock (9:30) A. M. Monday April 16th, 1934. Plan of rooms in which si th| 30 days all foreclosure actions. Concluding Vol- Burleigh County, North D: ter services will be held in Tee aes. her the church each except Saturday al you not join in_ makin worthy of the Risen Chris some friend to come with you. The Communion of the Lor per will be commemorated on ‘All_ members of church will note that this will take the place of our regular quarterly cloudy to cloudy, with rising temper: “Generally fair to- and rea “aoe tonight For Minnesota: Generally ‘tals, not L County Court witht County of Burleigh, North Dakota, has fix ature east portion. Outlook for the Period March 26-31: For the upper Mississippi and low- er Missouri valleys and the northern and central Great Plains—Tempera- probably The Sacrament of Baptism for in- fants will be observed Easter Sunda: Parents are asked to notify the pas- tor of their intentions. Government Subsidy For Music Suggested to time, usually on hereinbefore provided. their bid. Each bidder Dated. Regan, No. Dak. mitted to submit one or more on different types of construce equipment. especially over south portions. shall be submitted in three por- GENERAL CONDITIONS Attorney "ror. Administratrix, investments .. Total deposits ...... sumss +. $8,278,271.83 Circulating notes outstanding um. Interest collected not earned .. i | Interest accrued not paid ... .. Sswises Interest, taxes, and other expenses accrued and MEE eo is'6 de sds eens es 6a 8ie:d 568-6 5 00.6 59) 4,997.98 Capital account: Common stock, 2,000 shares, par $100 per share......$200,000.00 Surplus .. 125,000.00 rth |Undivided prot is TOTAL, sph Capital Account......$8,716,687.84 lem jum Loans and Investments Pledged to Secure Liabilities: United States Government securities Other bonds, stocks, and securities .,.. 580,806.06 83,891.17 Total Pledged (excluding rediscounts)..$ 614,197.23 Against. U. S. Government and postal savings de- posite ......sccccges econ 516,197.28 i Se aaNIEEniaaenEl TOTAL PLEDGED ...........-.s2+.$ 614,197.23 State of North Dakota, County of Burleigh, ss F I, Frank E. Shepard, Cashier of the above named bank, dé solemnly swear that the above statement is true to the best of my knowledge and belief. re FRANK E. SHEPARD, Cashier, hoes and sworn to before me this 24th day of March, (Seal) C. W, VORACHEK, Notary My issi ires Ji een, 1987, iy commission expires Jan . Correct—Attests E. T. McCANNA P. J. MEYER F. L. CONKLIN Directora, Charter No. 13398 Reserve District No. 9 i REPORT OF CONDITION OF THE DAKOTA NATIONAL BANK & TRUST CO. OF BISMARCK, IN THE STATE OF NORTH DAKOTA, AT THE CLOSE OF BUSINESS ON MARCH 5, 1934 Loans and discounts . atue comie:ee:0$ 832,885.19 Overdrafts ....... . 536.53 United States Government securities owned Other bonds, stocks, and securities owned ...+.s- 338,761.89 Banking house, $76,400.00. Furniture and fixtures, $10,444.35 .. 86,844.35 Real estate owned other than banking house... 4,149.26 Reserve with Federal Reserve Bank ....... Cash in vault and balances with other banks . Outside checks and other cash items .... Redemption fund with U. S. Treasurer and . due from U. S. Treasurer ENGR BESEB: ooo nc cc ccccesccscccccnmmes ‘That feature of the bill was merely a reenactment of the old law. THE REASON AND THE REACTIO) The reason for the proclamation of the moratorium on business debt, ‘the | issued this week, was the governor's desire to keep the moratorium idea be- fore the farmers. He sees it as his biggest political asset. There was no would strengthen him with merchants in the losing ground steadily. Their enmity {s ll townsfolk, have the best contacts with the governor's chances of renomina- 4 ei 4 eae publication on the 34th day of For double tier of stacks on 3nd . ar one tier of stacks on 2nd abe-| demand for action iz of the Ohio organization. d accompanied by a cere “For a number of years,” said Mrs. it of tive (8%) pet each Fe SEFhE Fangs : jismarck, The successful bidder si a Performance amount of the contract. f | : j Sous e NORTH DAKOTA POINTS 1 Low. Bee ik L. Anders, Secreta: th Dakota a ‘WEATHER IN THE NATION . Lowe " = ome + +: $1,266,054.08 Demand deposits, except U. S. Government depos- its, public funds and deposits of other banks. .§ 321,518.76 Time deposits, except. postal. savings, public funds and deposits of of banks ......scecseeee Public Funds of States, counties, school districts, or other subdivisions or municipalities. United ciales Government and postal savings Deposits of other banks, including cashiers’ checks outstanding ... coe cereme ee eos Capital account: Common stock, 1000" shares, par $100.00 per SPATS can B1O0000-00 Surplus er ,000.{ Undivided_pro! net . 17,502.89 Reserves for contingencies 6,008.29 178,506.18 ad TOTAL, ineloding. Capital Account ..--.us-$1,266,054.09 Glasses. Prescribed The eye is ap orgen you can’t afford to neglect. Dr. H. J. Wagner. Py a SMRSRLSSRVSSLSSSSSRSLSRAKSTESRSSLSLVVsSey! besebssbebhebssebecnbesberesseeeeseReeee? ——$—— Total Pledged (excluding rediscounts)' x.§ 257,878.92 Against circulating notes pretes wemceroac esa 100,625.00 Against U. S. Government and ings de- State of North Dakotas County of Bar aii: f 3 1 Ger Ween Castles of the sieve named bask, do sclesanly swner iat the above statement 6 tee 6 SE IVen of my J. P. WAGNER, Cashier. - (Seal)