The Bismarck Tribune Newspaper, September 29, 1934, Page 3

Se a t ae ‘ i NTINUE CONTINUED Bank of N. D. Takes Up 140,000 Acres Of Land Per Year ee, to protect the state’s invest- ment, Accepting this view, It accounts for | the tremendous number of transfers of land titles as being in accord with the moratorium on foreclosures, but the foreclosure story, which is treat- ed in detail elsewhere in this edition of The Tribune is not the one which really depicts our agricultural trage- ay. That can be pictured only by trac- ing what has happened to various families which have lived on the land and by examining their struggles to escape from the financial morass caused by low income and high ex- 501 Lost Farms The unassailable fact is that, mor- atorium or no moratorium, foreclosure or no foreclosure, 501 farms went in- to the capacious maw of the Bank of North Dakota last year and their owners lost what they had once re- garded as valuable property. Take the case of one Mr. L, who owned 160 acres near McKenzie which | pee: ‘was foreclosed Nov. 21, 1933, notice of intention having been filed in August. It had been sold on contract to one ‘W, who was living on the place. W didn’t pay on his contract and L got —_——_—_——_—_—_—_-* | Weather Report | FORECA! irek and mcinity: Partly cloudy eronight and Sunday; not 80 cool tonight. For North Da- kota: Partly clou- ag Me junday; 50 cool central and east portions to- night and extreme southeast portion Sunday. For South Da- kota: Fair to MODERATE warmer sou! For Minnesota: Partly cloudy Sat- urday night and Sunday; cooler in. extreme southeast; not so cool in ex- treme west-central portion, local frost Saturday night; somewhat pbk! Sunday. For Montana: eee fair he ts and Sunday; oe i gent Portion. immediately ‘east of he GENERAL, Con CONDITIONS has oocurred loeally at Psy? pois man; from the Lake Replon ion as at west as eastern ee and south to Okla- homa. The Low moved rapidly east- pel and sole aba overlies the Missouri Val- ee (Oklahoma City, 29.84), while bigh covers the Rocky’ pressure Mountai uses, m pres ave moderated over the Lake Southern Plateau and have “fallen over the Red River Valley, elsewhere aver the district @ have been Missouri river stage at ft. 24 hour "Change 0.0 ft. Weather Outlook for Oct. 1 to 6: For the upper Mississippi and low- er Missouri valleys, and for the north- ern and central Great Plains: Not much precipitation indicated; sea- i temperatures for the most part. lor date . 14 sf Accumulated deficiency to date 7.64 NORTH DAKOTA noe Tonight ‘and. ens | asi treme east portion ‘Suvivy. °"¢ *"|Baidwin in December, behind in his payments to the bank to such an extent that he decided to|to $1,549. let his interest go. He gave the bank @ deed in March, 1932, which was re- corded in December of that year. W still was living on the farm and thought he still might swing the deal if he could get a federal land bank loan. Foreclosure was had to clear the title and W now owns the farm and the Bank of North Dakota is out of the picture, the land bank having made a loan on the property. L lost @ lot. The Bank of North Dakota lost @ little. Mr. and Mrs. J got a loan of $800 on 160 acres near Arena in Septem- ber, 1929, and it was foreclosed on July 25, 1933, on two of several past-due in- stalments. They had paid only one instalment of $60 and had let the taxes slide. They gave the bank con- sent to foreclose. Purchase of the land by J in the first place apparently was a specula- tion. He never lived on the place and never paid anything on two inferior » The land was purchased from the receiver of state banks at the time J got the $800 loan, a na- tural inference being that this was part of the purchase price. The re- ceiver took a second mortgage for the balance. Began Back in 1919 This particular piece of land has been knocking about since 1919, when the Farmers and Merchants State Bank of Driscoll foreclosed on one F. In 192¢ it was sold to K, who deeded it back the same year, apparently one of those deais in which bankers have been known to participate but which are more or less a mystery to the general public. It may not be true in this case, but banks have been known to do such things in order to have their paper in good shape to show the bank examiner. At any rate, the deed given by K back to the bank was filed in 1926. Foreclosure was had again to insure the title and in 1927 it came to the bank receiver. The foreclosure didn’t worry Mr. and Mrs. J. They still have their home place and are not interested in Betore in land bank loan was completed, of course, H made a deal with his creditors which enabled him to make a new start. It is nearly 20 years from 1915, when H began farm- ing near Baldwin, to 1934. The rec- ords give a pretty good idea of what happened to that family during the period.. Tr still ‘has a heavy load of debt to carry but is potentially in better shape than at any previous time in the last 10 years. Such is the record of North Dako- ta’s land, In 1933 each of these cases was multiplied 501 times, for hey are typical of other records. In the case of L we have a man who lived on the land and made a success, but when he sold the prop- erty it came back to him and he had no other resources to protect his equity. The next example is that of a spec- ulation which turned sour. Mr. has learned a lesson, will be pretty cautious about trying it again. The third and most tragic is that of a farm family which has worked hard, early and late, and never been able to get its head above water. 3] which there is a bee! of rough boards. Tells of The record of the land is the rec- ord of the people who live on it. CONTINUED Speedy Trial for Lindbergh Suspect Psychiatrist examine Hauptmann is “very indefinite.” The plan for psychiatric examina- tion of Hauptmann was announced Friday by James M. Fawcett, Haupt- mann’s counsel. Police Heads Cooperating A former statement that New Jer- sey police are cooperating with his Office was reiterated by Foley. Reverting to the questioning of friends and acquaintances Foley was floating the deal again thrqugh a federal _loay. More Tragic Case Noted The case of Mr. and Mrs, H is dif- ferent only in its details but is more ic. They bought 160 acres near 1915, but things apparently didn’t go too well, despite the war boom, for in 1919 up popped a whole series of mortgages. On Nov. 20 of that year the Bank of North Dakota gave a first-mortgage loan of $1,800; one C took a second- mortgage loan of $1,500 and the’ Baldwin State Bank toox a third! mortgage for $3,317.45. All this hap-| pened within five days and it seems obvious that the Baldwin bank took} the third mortage as some sort of se- curity for bills it couldn't collect. In 1923, C foreclosed his second North Dakota first-mortgage, the Baldwin bank having closed in the meantime and its equity being worth- ins |less. Then C died and the property was left without management. The Bank of North Dakota foreclosed it without protest and set about the task of selling it, if possible. H was held ineligible for a land bank loan because he lived too far *!from the place and besides he had other fish to fry by this time. An effort was made to get one of C's heirs to apply for a loan but on Aug- to do with it. records in another place. In 1924 he | moved to a farm near Bismarck, this | ed. The plot was one of 80 acres. In 1928 he got a $1,100 loan from the Bank of North Dakota but he never paid all of the first instalment and has paid nothing since. No taxes were paid since 1928. Deed Obtained in 1933 The property was foreclosed in 1932 and deed was obtained in 1933. The property has been Fiibaaoase. vanced $1,600 on a first and second mortgage, the latter being a commis- sioner’s loan. The Bank of North Dakota got out of its second deal with H by accepting $1,259.34 for an | ligh- Low- est est Pct. 5 30 0 54 3200 42 28 «00 43° 32 = = —.00, 38 «32 (C4 47 27) «(00 39 «3018 OM i 4427 ee eee 66 33 «00 0 2% 00 54 3000 330-295. 42 33 (12 63 29 «(00 62 28 00 gee 4 38 (12 SOUTH DAKOTA POINTS High- Low- t est Pct. Huron, cldy. 4 00 Rapid ‘City, cldy. a Minneapolis, rain . 2 2 Mob is theta i viii of the 1094 corn and wheat season. WEATHER IN OTHER STATES 0., clear » A. clear pid les ity, Mo Naar eldy. RERBSSHERSRERERERESREEERERSSE SE YekEEe? Saszs suanusetsessssuneensenetecuersrese yy 5 seess ale BE EP 8 Five Good Reasons for Saving Money 1 To provide against illness or permanent disability. 2. To pay for a home. 3. To send the children to college. 4..To create an estate that will furnish an income for the family ia case of premature death, 5. To retire with an in- come at age 60 or 65. mortgage and took over the Bank of, ust 6 he said he didn’t want anything | ‘Meantime, H appeared in the bank's ; being the time C’s foreclosure matur- H by the federal land bank which ad- | z me asked, during his morning interview, whether any witnesses were suspeci- ed of any part in the case. “I can’t answer that right now,” he replied. A notebook found in Hauptmann’s pocket is being used by police in their) 4! Operations, but Foley would not dis- close its contents. He did say, how- ever, that it did not contain a diary of continuous events. One question Foley declined to dis- cuss. It asked on whose testimony he will rely for positive identification of , the men to whom Dr. John F. Condon |@ave the ransom money, and also |asked whether Col. Lindbergh or Co!. \Henry Breckinridge, personal attor- {ney for the flier who aided in the jkidnap search, saw the man. Second Suspect in C! Meantime, Chicago police held for questioning a man and a woman. They said the man bore a “very re- ;markable” resemblance to the “John” som _money in St. Mary's cemetery, the Bronx. The man, John Bowman, 28, was picked up Friday night and denied any connection with the Lindbergh case. Chicago deputy chief of detec- jtives said, however, the questioning |Would.continue. Bowman's compan- Aim of Prosecutor} *: to whom Dr. Condon passed the ran-; ion identified herself as Goldie Fertis. Foley said he had not been notified | officially of the questioning of Bow- man by Chicago police and added “we get plenty of such reports from many of the country. Assistant Chief Inspector John J. Sullivan, in charge of New York's city detective force, said about 100 such messages have been received at head- | quarters from various parts of the; country. Asked whether police wanted to find a “mysterious John,” Sullivan declined to answer. Rain Saturday drove police search- ing for additional clues at Haupt- mann’s home to the cellar of the building. Thus far police carpenters and detectives have pulled apart Hauptmann’s garage. The work of sifting the garden plot was begun Fri- day but the heavy rain halted addi- tional work outside. Hauptmann’s store room in the basement was the object of police at- tention. It has a concrete floor over Autopsy Reconstructing the crime statement for The Associated Press, the Mercer county (N. J.) physician | said that his autopsy showed a bullet or a blow might have caused. the death of the Lindbergh baby. Its body was found in Mercer county, not far from the Lindberghs’ Hun- terdon county estate. | ‘The official, Dr. Charles H.! Mitchell, said the fact might not have | been included in a preliminary re- port, but that it was mentioned in his official statement after the topsy. i No bullet was found in the battered skull and newspaper representatives started digging in the woods where | the body was left. Col. H. Norman Schwarzkopf, superintendent of the state police, evinced little interest. “The child was kidnaped,” Dr.’ Mitchell theorized, “removed to a home near Hopewell, N. J., kept for | a few days with intention of a qi settlement of a ransom, but police) activity became so great the kidnap-| H ers, fearing detection, killed the child either with a bullet or a blow to the head, hurriedly removed the body to the woods near Hopewell, but did not take time to bury it or even to go any great distance in the woods. “They made a speedy retreat and then, finding that the child was not liscovered, opened up negotiations with the family and endeavored to collect a ransom before the child's body was qigsovered.” E Continues Search Arthur Koehler, expert on wood, who traced the lumber in the kid- naper'’s ladder to a yard patronized by Hauptmann, continued his efforts Saturday to determine whether the ladder had been fashioned by Haupt- mann’s tools. His laboratory has been set up in the New Jersey state police headquarters near Trenton. Paper Punch Studied Searchers who are dissecting Hauptmann’s home removed a device which punches two holes while bind- ing papers. They want to see whether it might have made the holes in the symbols used as signatures on the kidnap and ransom notes. The in- vestigators confiscated a woodwork- er’s punch for the same reason. Federal agents in San Francisco sent eastward a full description of Alfred Constantine after a letter to him. containing clippings on the \ CO Let’s Talk Turkey Talking turkey as we understand it, is the same as getting down to brass tacks. BEULAH has had a rapid growth due to several reasons. 1st—Nature made it better than most lignites. 2nd—The producer has spared no effort or money to process its preparation. 3rd—Realizing, years ago, that its output was dependent upon the dealer we have endeavored to work whole-heart- edly for his best interests, Our steadily increasing © business aie our. Live Let Live policy. KNIFE RIVER COAL _ MINING C0. ick | Hl THE BISMARCK TRIBUNE, SATURDAY, SEPTEMBER 29, 1984 mpd which then had mounted | Lindbergh case was intercepted. He is held in jail on a theft charge. His brother is an automobile dealer who sold Hauptmann a car in White Plains, N, Y. Five persons, including Haupt- mann’s wife, were subpoenaed in New York to appear Monday before Representative Samuel Dickstein, who is making a congressional investiga- tion of Nazi activity in this country. The representative seeks to learn whether they were engaged in Nazi Propaganda, ——_—_—_—_—_—_._______¢} t Church Notices | aa GOSPEL TABERNACLE Corner Rosser and Eleventh Herman johnson, Pastor 10:00 a. m.—Sunday school. Mrs. G, Mandigo, supt. Bible class for adults, 11;00-—Morning, worship. “Radio service from ata- Hen KGCU, Mandan, 8:00 p, m.—Evangelistle service. We are expecting to, fave the Gos- pel Trio with us ovér this Sunday. in g/| Tune in to the radfo service Sunday,| Ald. for complete announcements of the evening service. Be sure to come, and bring your friends, Tuesday at 8:00 p. | m.—Midweek service of preaching and prayer, Wednesday and Thursday at 8:00 m.--Prayer meetings. “Friday at 8:00 p. m.—Christ's Am- bassadors in charge. Saturday at 8:00 p. m.—Prayer meeting. We are at your service to visit your sick, and pray with them, or any other. spiritual service we may render. Phone, 470-% TRINITY LUTHERAN Avenue A at Fourth Opie 8. Rindahl, Pastor “There is a coral welcome at Church school faba Bible classes, 9:45 a. m. Morning worship, 11:00 o'clock. Sermon: “The Obeservations of a Young Ruler.” Choir, anthem: siSanctus”—Gounod, by (Trinity choir. . Esko, di- recto: Offertory: “Be Thou My Guide”— Dovenspike, by Mrs. C. A. Narum. Evening service 7:30 o'cloc! Three numbers by the Bismarck Choral club, Esko, director. 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Fourth Street . ee anne Gi We have contended from the be= Mission’ services Stinday, Sept. 30 5:00 a. me gunday school with-ail( ginning that our workers wanted to including junior Bible class.| work and quit only ‘ge? aoe were | 10:45—Morning mission services in | intimidated, Sloan, presi> lorganiamnen language. Mrs. F. Peters,| dent Cotton Textile inatitute. i 6:45 p. ure dD hour in charge of ene lier League. m.—Mission lecture ttlu-| Masks were designed origingily for ted vith 70 slides depicting the Ceremonial and penaiids Gen, HERE'S WHERE TO STAY in CONVENENCE.. COMFORT...ECON On the main traffic artery to and frorn the Worlds Fair Grounds. Close to every- thing worthwhile in Chicaga Write today for "A CENTURY OF PROGRESS, the Worlds Fair descriptive booklet free on request. WORLD'S FAIR RESERVATIONS ACCEPTED NOW! OWNER MANAGEMENT & Roessler Frederick Teich HOTE CLARK ST. NEAR JACKSON BLVD. Owned by the Hote! 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