The Bismarck Tribune Newspaper, July 12, 1934, Page 6

THE BISMARCK TRIBUNE, THURSDAY, JULY 12, 1934 The Bismarck Tribune|'® Avsres snd these wre now tart An Independent Newspaper THE STATE'S OLDEST NEWSPAPER (Established 1873) Published by The Bismarck Trib- une Company, Bismarck, N. D., and “entered at the postoffice at Bismarck @8 second class mail matter. GEORGE D. MANN President and Publisher Subscription Rates Payable in vance Daily by carrier, per year Daily by mail, per year (in Bis- FABIO) 6.05. .5.0.0.00ce0s seoee % Daily by mail, per year (in state outside of Bismarck) 5.00 Daily by mail outside of North Dakota 00 well exhausted, On the basis of Peek’s figures, Europe still owes us approximately $20,877,000,000 and cancellation of $10,304,000,000 in war debts would still leave foreign nations owing us $10,- 573,000,000. Since international pay- ments can be made only in goods or money metal, we have here the basis of proposals to accept silver in pay- ment, since we refuse to take goods. | VACATION POST CARDS Our farmers might like cheap foreign| _ factory products and our manufac- 1.20] turing centers might like cheap for- eign foods, but neither is mutually acceptable, ‘We have most of the gold and other nations will not part with any more. Their gold stocks would be only a) 00 drop in the bucket anyhow. by mail in Canada, per Member of Audit Bureau of Circulatio: Assoc! The Associated Press is exclusively entitled to the use for republication of all news dispatches credited to it or not otherwise credited in this newspaper and also the local news of spontaneous origin published herein. All rights of republication of all other matter herein are also reserved. Not Gold But Goods ‘The need for a realistic view of the! foreign trade and international debt | situation is set forth in a letter to} the president from George N. Peek, special adviser on foreign trade, and/| made public at the president's sug- gestion. Analysis of the facts contained in it prove how difficult it is going to be for America to continue its deal- ings with foreign powers on the pres-| ent basis, let alone collect its debts, and suggests the pertinent query as/ to whether we are doing foreign busi- ness for fun. On the present basis | we will inevitably become a sort of} international Santa Claus, sending the products of our farms and fac-| tories abroad in return for promises; which never will be paid. According to Peek’s analysis, our! foreign trade falls into four histor- ical classifications, the first period being from 1896 to 1914, the next from 1914 to 1922 (the war period), the third from 1922 to 1930, and the fourth from 1930 to 1933. A glance at the international bal- ance sheet for each of these eras shows the nature of the problem we) are facing, even though it doesn't suggest @ remedy. In the 18 years from 1896 to 1914) ‘we showed an increase in the debt ‘we then owed Europe of a round bil- Mon dollars. Although we exported $8,853,000,000 more in goods than we purchased, our immigrants and tour- ists sent and spent abroad $6,080,000,- 000, leaving a balance of $2,773,000,000 whieh Europe owed us. This was in- creasd to $4,271,000,000 by shipping services, dividend payments and other items, but was offset by serv- ices purchased and dividends paid abroad to the extent of $5,271,000,000, leaving an unfavorable balance of| trade of a billion dollars, This in- crease in debt was represented by foreign purchases of American securi- ties to the tune of two billions, less a billion in such purchases abroad by American citizens. The second period was one of ter- Tifie dislocation because of the war. ‘We sent abroad goods worth $21,186,- 000,000 in excess of the amounts pur- by us and wound up $19,305,- 000,000 to the good on the books. Freight and shipping services ren- dered and dividend payments collect- ed by us exceeded those rendered to us and dividends paid by us by more than three billions, but this fact was somewhat offset by importation of $1,746,000,000 in gold. Therein lies one of the reasons for America owning approximately half the world’s gold ‘The debt increase of 19 billions was Tepresented by $6,779,000,000 in for- eign securities purchased by Ameri- can citizens; $10,304,000,000 in gov- ernment loans to foreign countries (this being the adjusted figure) and $2,222,000,000 in American securities Tepurchased from abroad. To carry this load of debt Europe did two things. It borrowed heavily in America, paying us interest with our own money, and ‘it sent us still as is shown by statistics that seven-year period we ex- worth $4,976,000,000 we imported, but our tour- ye Et = Unless we devise some method whereby we can accept goods in pay- 00|ment without disrupting our domes- tie economy, we shall continue in the Position of a creditor who cannot af- ford to collect what is owed nim. Getting More Popular Reports from all parts of the state indicate that the wheat allotment plan sponsored by the federal gov- ernment is proving exceedingly pop- ular, more so since checks for the first payment have been received. Initial reaction to the corn-hog allotment, however, was not so good. For several years many North Da- kota farmers have been trying to get out of wheat and into corn, hogs and cattle and the halting of this trend was not immediately well received. Lately, however, there has been a noticeable change in opinion. Farm- ers who formerly were not favorable to the corn-hog allotment are better disposed now. The answer may lie in the upward trend of the hog mar- ket and the prospects for better prices in the future. There still is a tendency on the part of many to forget about the benefit payments until they arrive and to base the efficacy of the plan upon the price of hogs alone, but this may vanish when North Dakota re- Jceives the $3,953,000 of corn-hog money which is estimated as its share for reducing acreage 20 per cent and hog production 25 per cent. Meanwhile, it is worth noting that the full effect on prices is not ex- pected until the reduction in far- rowings has been accomplished and there are fewer hogs going to market. The present upward trend is due to the slaughter of sows and pigs last spring and the reduction in feed sup- plies caused by the drouth, not to the allotment program. Its effects will be seen later. Scaling Down the Debts How the government's program te compromise the rural debt situation is having a beneficial effect on agri- culture is indicated by a report from the federal land bank of this district showing that debt reductions total- ing $4,933,604 were obtained by farm- ers who obtained loans during the year ended June 1. Borrowers used 84.3 per cent of the money obtained on loans to refinsice their indebtedness and in manv cases creditors were willing to scale down their claims in order to get the cash. A survey by states in the district shows Minnesota first with a scaling down of $1,943,434 in the farm debt as @ result of the land bank’s activi- ties. Wisconsin was second witn $1,433,879; North Dakota third with $1,102,879, and Michigan fourth with $453,412. Considering the fact that its farm Population is smaller than that of the other states mentioned, North Dakota seems to have done very well indeed, and the program still is con- tinuing, Editorial Comment © 134 New Wal, they ain’t much to see around here now. come last week—they had a swell picture at the Bijou. PERSONAL HEALTH SERVICE By William Brady, M. D. Signed letters pertaining to personal health and hygiene, not to disease diagnosis,.or tieatment, will be answered by self-addressed envelope is enclosed. in ink. No reply can be made to queries not conforming to instructions. Address Dr. William Brady, WHAT, NO QUININE FOR MALARIA? In the city where I studied medicine there was no endemic malaria. Only! when visitors or newcomers from malarious districts happened to fall ill and enter the hospital did we have an opportunity to study malaria. Of course plenty of persons who had never been out of the city or the| local territory imagined they had a touch of malaria, but we are speaking now of real malaria as diagnosed by finding the plasmodium or organism of the disease in the red blood cor- puscles. Too, plenty of patients en- tering the hospital with typhoid fever, tuberculosis, septic infection, syphilis and one thing and another had been told by their doctors that they had a touch of malaria—that trick may still be practiced by the type of doctor that never troubles to make @ micro- Dr. Brady if a stamped, Letters should be brief and written in care of this newspaper. dered. Quinine is probably the best ex- ample, save one, of a specific we have in medicine. Quinine has long been regarded as a specific cure for ma- laria. But I don’t know. I have asked myself many times whether quinine, after all, cures malaria, or whether the cure is not like the cure of typhoid fever, a spontaneous re- action to the invasion through which the body develops the necessary anti- dote or germicide or parasiticide to dispose of the invader. In short I strongly suspect that the idea thgt quinine cures malaria is You shoulda visitor complains that this water pro- duces gas and an uncomfortable sense of fullness in the region of the gall- bladder, and intimates that a recent gall-bladder operation was necessitat- ed by the water... (Mrs. B.C. F.) Answer—There is no reason to think hardness in water or any min- eral has anything to do with gall- |stones, kidney stones or similar ail- |ments. Nothing to Get Excited About Bo you consider alligator pears good food, and why? (G. H. H.) Answer—I have nothing against them. If one likes them avocados are not a bad source of vitamins, minerals and so on. (Copyright, 1934, John F. Dille Co.) just a Superstition of the medicine man. If we could inoculate a few hundred state's prisoners with ma medicine men. scopic test of the blood. Once a beautiful case of tertian malaria turned up in the hospital, a laborer from a southern state where real malaria prevailed. The parasites were easily demonstrated in his blood. The clinical professor wished to make sure that every one of his students should have. the opportunity to exam- ine a specimen of fresh blood, so he voiced the hope that the patient might receive no quinine for a while, naturally fearing a vigorous exhibi- tion of quinine would kill the plas- modia and cure the patient. So the intern, nothing loth for an experi- ment, arranged to have the patient receive at regular intervals capsules purporting to contain quinine but ac- tually containing only a pinch of salts. The intern was not utterly unfeeling about it. Indeed, he kept close watch over the patient, determined to give quinine immediately if the patient showed any signs of getting worse un- Editorials printed below show the trend of thought by other editors, They are published without regard to whether they agree or disagree with The Tribune's policies, Shifting Price Policy (Magazine of Wall Street) One of the difficulties involved in comment upon the administration’s attitude toward commodity prices lies in the fact that the precise objective never has been stated. There is small doubt, however, that the resort to currency depreciation and other ex- traordinary devices was motivated by ple commodities, especially farm products, but only a moderate ad- vance in most manufactured goods. The initial results were beneficial, greatly narrowing the disparity be- tween farm and manufactured prices; but this correction was checked in July, 1933. Thereafter, disparity wid- ened again as finished spurted upward in anticipation of the NRA codes. During autumn and winter the workings of the codes tended fur- ther to curtail purchasing power; both farm and otherwise. Presen! the situation appears again to be re- der this —er—sclentific neglect. So the course of the illness remained un- changed for several days, chill, fever and sweat every alternate day, pa- tient enjoying his rest and the sprightly company of other patients between whiles. Most of the medical students got their drops of blood and saw the malaria parasites, all right. Then the patient played us a mean trick. He got well without any quin- ine. Not only that, but he made as Prompt and complete a recovery as one could wish in any case, whether quinine is giver. or not. The parasites disappeared entirely from his blood. Although we kept him under obser- vation for as long as we considered fair, he evinced no further sign of illness. I have never had another oppor- tunity to experiment on malaria pa tients like that. Couldn’t do it in Private practice. But I have won- FLAPPER FANNY SAYS: QUESTIONS AND ANSWERS Time Is Not Yet Ripe Won't you throw the great weight of your influence into the fight the women here are waging against so- cial disease? (H. W. R.) 0 Answer—No. about the subject until it becomes permissible to at least mention what we're talking about. Well Water ‘We have our own deep driven well, the water coming from between two rock layers clear and cold. A frequent laria and give half of them quinine | and the other half no quinine, we! might learn something astonishing to | I can say nothing | i | HORIZONTAL 1 Who is the sport star in Answer to Previous Puzzlo A Racquet-eer : 15 And has beer @ professional SCLC Q the picture? — (ph). SOA iB] 13 Narrow inlet. 17 Amidic. Ol (OTe | 14 Recessed ANUS) a window. 1D} (6 Sun god (8 Self 19 Blackbird 20 Before Christ. 21 Little devil ( 23 Finale. 25 Devoured. 26 Perched. 27 Bound. 29 To deliver a ball on a ten- nis court. 31 Fodder vat. 32 Splendor. 34 Lawyer's charge 35 Filmier 36 Substance from elephant tusks, 32 To sway. 38 Sour. 39 Grotesque blunder 41 Exclamation of sorrow. IN AINT | BIE IDI OVE 43 Oceans. 45 Pistol. 46 North America. 48 To drink slowly. 49 Type standard. 50 Brink. 51 Exclamation of pleasure, 53 Company. 54 To relieve. 55 Building site. 57 His sport is —. 58 He was world —— from 1920 A [SWE TL IL] OIL IABAIVIE | LE JA) 20 Bundle. 22 Bird with a large bill. 24 To dare. 25 Class for birds 26-He is a supe- rior —— and doubles player 28 He played on the —— Cup team. 30 Second note. 51 Skull cavity, 33 Thick shrub. 35 Falsehood. 38 Styptic. 40 Secular, 41 Deputy. 42 Part of a set (pl.). 44 Ladle, 46 Unless. 47 Inner part of hand. 50 Hastened. 52 To skip. 54 Half an em. 56 Seventh note, NED [EIRIAINICIE! through 1925, VERTICAL 2 Provided. 3 Falsehood. 4 Theater stdil. 5 Presses, 6 Paid publicity. 7 Toward, 8 Angry. 9 Threadlike mark. 10 The gods.e 11 Deity. 12 He is a maga- zine —-. ieee ee oe oa Oe se eee BN The NewDeal Washington Kennedy Selection as SEC Chairman Rated Political Payoff . . . Cohen Kept Off Board by Lehman Advice -.. Ickes Adds to Reputation as Wisecracker. By RODNEY DUTCHER (Tribune Washington Correspondent) Washington, July 12—In politics it’s called “the payoff.” Joseph P. Kennedy got his when Roosevelt jammed him in as chair- man’ of the new Securities and Ex- change Commission, which will reg- ulate the stock markets and issuance of stocks and bonds, Outside of politics, Kennedy was known as a hard-boiled, able finan- cler of New York and Boston, a “Wal! Streeter” who had participated in one of the stock market pools exposed by Ferdinand Pecora in the Senate in- vestigation—the sort of pool the SEC is required to prevent. Inside of politics, Kennedy ‘was one of the four men who tossed in $10,000 apiece to the Roosevelt pre-conven- tion campaign, an intimate friend of both Roosevelt and Jim Farley, who traveled with them much during the campaign, and a gent to whom the Democratic National Committee pow owes $30,000. It seems that Kennedy, feverishly opposed by authors of the Securities and Stock Market Acts, could have had almost any old job in this ad- ministration. He demanded this one and he got it. ~ Roosevelt's fondness for a friend was cheifly responsible. Chair. man Fletcher and Rayburn of the Senate and House committee which sponsored the regulatory acts both urged that he be kept off the commission. The appointment was a compromise between the liberals here and Wall Street, which wanted at least two of its own folks on SEC. The liberals wanted no more than one Wall Streeter and sought the chairmanship for either Ferdinand Pecora, who ex- posed the Wall Street rackets, or Jim Landis, co-author of the acts. They won part of that when Roo- Also, it’s recalled that Farley has a brother with Wall Street's Theodore Prince & Co. and that Emil Hurja was with Ben Smith, the bear raider who went to Australia when Pecora “wanted him here, before he came to be Farley’s patronage lieutenant. LEHMAN KEEPS JEW OFF SEC It was Gov. Herbert Lehman of Mew York, a Jew and former part- ner in Lehman Brothers, Wall Street bankers, who persuaded Roosevelt that no Jew should be appointed to SEC. Politics and friendship did the rest and barred Ben Cohen, who, with Landis and Tom Corcoran of RFC, wrote the Securities and Stock Ex- change acts and was backed by Flet- cher and Rayburn. ACKES WISECRACKS Secretary of the Interior Ickes con- tinues to defend successfully his re- putation as the cabinet’s champion wisecracl ker. “Is it true,” he was asked, “that you have made a $29,000,000 allotment to Allegheny county, as the Pitts- burgh papers reported this morn- ing?” “Gosh,” said Ickes, “it must be as hot there as it is here.” “Along that same line, Mr. Secre- tary—” “Did you say, ‘Along that same lying?’” he demanded. After admitting that 25 millions really had been allotted, Ickes went on grumbling: “Every time I step outside the of- fice someone asks me for 10 or 15 mil- lion dollars. I went over to see the president the other day and as I started to leave, Colonel MacIntyre said to me, ‘Mr. Ickes, will you just talk to this gentleman for a few min- utes?’ Well, he was easy. He wanted only 12 million!” : (Copyright, 1934, NEA Service, Inc.) It is the custom of the natives of elt named what are now known) eastern Nepal, Asia, to sing for wives. sev used until 1825. SYNOPSIS In August, Seifert Vail was mur- dered at exclusive Sherwood For- Up to that time, Mark Hillyer, the playright, cle nm est Sanatorium. from arthritis, had les Bored: The crime gave him new It was he who tery. He hono- interest in life. finally solved the m; saw the significance o! graph record singing in voice in the room where its ator lay de Prior to that, the patients flocked to Mi: much about their affairs. ong them were Willis Clendening, Mil- james ina cottage with Vail. Loren Ruxton Even ton Cross and the wealthy Ruxton, all of whom liv. also came with his uncle. ‘s room and gossiped. He’ learned | IN AMERICA By Joseph Nathan Kane Author of “Famous First’ Facts” IN NEW YORK, 1618, qv service was authorized by act of Congress March 3, 1871, but Congress refused further appropriations and the service was abandoned in 1874, not to be re-established until 1883. The first roller-bearing coal cars were of the 50-ton hopper type and were operated between the southern Ohio coal mines and Lake Erie. Can- ning was first used, in “pre- servers,” for salmon, oysters, and lobsters. Cans were’ not J _ ) “To entertain Loren, I suppose.” “Don’t you know that ae lanned it, and expected to take jue? He wanted to show her in a delicate way the power of his uncle’s money. But he was a little too cock-sure. Calvert got his bid in first, and Sue accepted.” He k! “You watch the three of them tonight.” It would not be hard to watch Sue, I thought as I walked down the corridor which connected the aria with the main sanatorium building. The dance was well un- der way when I entered the la: dining room. In one corner sat the musicians, perspiring under their white, close-fitting nautical uni- forms. Accustomed to the display of night club patrons, they stared reticent Dr. John Calvert enjoyed a chat with Mark now and then. Sue Faraday, Mark’s attractive nurse, acted as hostess. Vail a former operatic star, visited Mark and only once, M. to ridicule the role of Tristan; then he broke off, c: ing, and left ab: He ma his last public dance given for” James Ruxton. CHAPTER III During the week ‘orest nothi . else, exditedly prepa: it. That expensive and snob! rance at a patients by receding the its at Sherwood of for bish community is interested in very little that occurs outside its and inordinately most trivial events at home. mountains ‘isolate it lowed to present as spectat harried the doctors for the concerned with the ical, ome ly from alien- tors, privilege of one dance. Even the most for- two, begged for more. When the great day arrived, the entire sanatorium was in a fever of expectancy. The invitation included not only tient the , but visitors, members of ical staff, business office em- ployees and nurses. I would have it th ioome ith be insisted that &. I td see him just as Sue Hark Ber dares Ty 7 i to be : sing front Is, appropriately, ipelvarsimed barkacound Hor the Saha ake Gheaied to to ae gard, who were tching, itl Jolt waroiad and sade A stranger here, I thought, might have ned bit at aenitet ats Gg 5 eet it iG : g Bo lie 4 : fi 5 fl iF i Hi Hf 3 E F E i fi YTON ano MALCOLM L Pees jee pli gayety in ante of disaster was) Perhaps, but painful to watch, ‘The atmos: phere of collect was a physical oppression on that hot night. I ste; out on the porch through the French windows for a moment. The moonlight fell upon two men, standing half concealed by the shrubbery under a window. As I started down the steps I saw a flash of metal as a shining object as passed from one to the other. There was something so definitely surreptitious, so furtive, in thei attitude that I paused and started to turn away. One of the men ery around. It was Loren Rux- mn. : “Hello,” he called cheetah 7) eer. haps a shade too loudly, “I didn't dance man this e' teeta is well,” eu! le I went back into the ballroom fell into - with inving Belfort Vail one in. tie bade nite incident on which ag ERR, et fi i