The Bismarck Tribune Newspaper, November 19, 1934, Page 2

H vs “ CREDIT OF BISMARCK INSTITUTION INSURED BY FEDERAL AGENCY ‘investors in First Federal Sav- Ings and Loan Associa- tion Protected Savings invested in shares of the First Federal Savings and Loan as- sociation of Bismarck now are insured by the Federal Savings and Loan Insurance Corporation, an agency of the federal government, it was an- nounced Monday by A. W. Mundy, president of the unit. Each investor in shares in the in- stitution now is fully protected against loss up to $5,000, Mundy said. “The safety feature now made available by federal insurance is open to all savings and loan, building and Joan and homestead associations, and cooperative banks which apply for in- surance, provided that they are ap- Froved as to solvency and operating methods by the Federal Home Loan Bank Board,” said Mundy. Disclosed Imperative Need annual appropriation for the Division of Investigation, to be expended in the identification and pursuit of criminals. The Criminal Division of the department was expanded and a nationwide war was on against kid- napers, bank robbers, racketeers, and C) | kkeeeeeek THE DEPARTMENT OF JUSTICE Washington, D. C., Nov. 19.—The field of activity of the Department of Justice was greatly extended as & re- sult of a public demand for @ con- certed drive on organized crime. Congress responded to this demand by enacting laws increasing the num- ber and character of crimes with which the federal authorities could deal, and by adding $1,500,000 to the “The financial breakdown of 19| other gangsters. months ago disclosed an imperative All this was necessitated by the need for the protection of long-term ‘author- thrift and home-financing institu- which were heretofore regarded as tions of the country, which aggregate |i,.41 in character and hitherto not the vast total of $7,000,000,000 to coming within the purview of the fed- $8,000,000,000, held by some ten mil- itted lion people of all classes and occupa- tyrone eee he ua noe ee ate tions, largely wage-earners and sal- aried workers. “Safety for long-term savings pres- ents a different problem than safety of checking and time deposits, where funds must be available for payment on short notice. A special federal agency, the Federal Savings and Loan Insurance Corporation, was therefore established to handle this type of insurance. It has a capital of $100,000,000, subscribed by the government. Ir addition, the cor- Poration is building up a substantial reserve fund from annual premiums paid in by all insured institutions. Moreover, the privilege of insurance through the corporation is extended only to well-managed, financially sound institutions which meet the strict eligibility requirements of the Federal Savings and Loan Insurance Corporation.” The First Federal Savings and Loan Association of Bismarck was organized under a 1933 act of con- gress, by which the formation of pri- ‘vate, locally-managed thrift and home-financing institutions under federal charter and regulation was made possible. 2 Credit at Low Cost “The purpose of congress was to make credit available at low cost for home construction, refinancing and Modernization in parts of the coun- try where such funds were inade- quate,” said Mundy. “At the same time, institutions so organized and Managed encourage the practice of thrift by people of large as well as Small means, “To aid in the organtzation-of these boundaries. Crime was literally ram- pant and the criminals were appar- ently immune from justice. This was illustrated in the case of the gang headed by the notorious John Dilling- er, bandit and cold-blooded killer. Guilty of almost every crime in the calendar, including several murders, Dillinger escaped jails and police traps at will and became such @ men- ace that he was popularly designated as Public Enemy No, 1. But there was nothing the federal government could do about it until special agents of the Division of Investigation un- earthed the fact that he had driven a stolen automobile from one state to another. That was a federal offense under the Dyer law. The greatest man-hunt in the nation’s history was started. He was finally trapped by government special agents at Chicago, and shot to death as he pulled out @ revolver and was about to fire at the officers. Under the new legislation it is now @ federal offense to transport stolen goods of a value of $5,000 or more across state lines. It is now a federal offense for a person to cross a state line to attempt to avoid prosecution for murder, kidnaping, burglary, rape, etc. or to avoid testifying in @ case involving a felony. Extortion by mail, long a federal offense, has been ex- tended to include attempts at extor- tion by telephone, telegraph, radio, and other means of communication. Further Changes in the Laws If a kidnap victim is not freed or returned within seven days, the legal presumption is that the victim has been taken across state borders and in their shares, so that the capitaliza- tion now represents federal funds as well as the investment of private savings, To date almost 600 federal throughout the country. “A substantial increase in the mount of home financing resources in this locality will satisfy the grow- ing demand for home loans for all Purposes, strengthen the real estate Price structure, lessen foreclosures, add to employment in the building trades and the large number of in- dustries dependent upon construction activity.” _ Mundy pointed out that, in addi- tion to the advantage of safety, shares in the First Federal Savings and Loan Association of Bismarck can be expected to yield a reasonable dividend return, and are exempt from normal federal income tax, are non- assessable and have no contingent liability. FANS CAUSE RIOT Chicago—If a single fan dancer will “pack ‘em in,” what happens when you double the attraction? One tavern found out—it attracted such a crowd that a “disturbance” call brought police squads. The of- ficers stopped the show and took the dancers to jail. the Lindbergh kidnaping law automa- ‘tically applies. It is now @ federal offense to rob any national bank or any member bank of the Federal Re- serve system. Machine guns must be registered by their owners with the may now rests, and it is a federal offense to kill or assault federal agents, coast of criminal justice. Transportation thefts were placed at half a billion, which is also the cost of thefts from warehouses and @ like amount for the loss in investments in fraudulent se- curities. Fraudulent bankruptcies cost $40,000,000; embezzlements, $150,- 000,000; worthless checks, $120,000,- 000; and forgeries, $10,000,000. Rob- bing the mails, the most hazardous of crimes for the criminals, cost only $10,000,000. Bank robberies which numbered 220 with a loss of $288,000 in 1921, increased to 554 with a loss of $3,384,000 in 1932. The word “derrick,” meaning a hoisting apparatus, originated in the ‘Biizabethan days, and was named for @ hangman named Deric. WHOwaeFIRSTA) By Joseph Nathan Kane Author of “Famous First Facts", BENJAMIN F PALMER. FIRST PATENTED AN ARTIFICIAL A PATENT covering « leg with pliable joint that ;Worked noiselessly and pre- Served its contour in all posi- tions, was granted to Palmer, a Meredith, N. H., inventor, on Nov. 4, 1846. The Dublin Ju- venile Library was established im 1833. Ole Evinrude, of Mil- ‘Waukee. invented the first com- mercially successful outboard engine, ieemeand: sisge- cylinder, rye type fa dost propulsion. Research studies by the department. of justice and by commissions dis- closed that the spread of crime in no mean degree was due to defects in the local police systems. There are 132,- 000 police and 13,000 detectives who Protect the cities and towns, but only 15,000 sheriffs and 9000 marshals for the rural districts which were help- less against the invasion of criminals. Police officers lose all authority as soon as they step beyond the boun- daries of their own districts. Only eleven states have a state constabu- lary system. So an elaborate undere world organization grew up, especial- ly in the middle west, where with fences to dispose of their loot, and informers to tell them of the activity 2 ae police, criminals have flour- The contrast between federal and 280 known kidnapings and were able to effect only 65 convictions, while federal agents worked on 29 interstate cases and secured 27 convictions, In these federal cases 62 persons were convicted, two were sentenced to death, 14 given life sentences, while other sentences aggregated 1043 years —&n average of 23 years each. Spearhead of the Attack The spearhead of the federal at- tack on crime in the Department of Justice is the division of investiga- tion. The United States Secret serv- ry department has 121 persons operating in it, but it has only two functions, detection of counterfeiting and protecting the per- sons of the president and his family. The treasury department is on the lookout for violations of the internal revenue laws, inclusive of illegal liquor acts, which duty has been transferred from the department of justice with the repeal of the prohibition amend- ment, and it attends to tax evasions. The postoffice department investi- gates mail frauds. But the division of investigation is active on a score of fronts, from white slavery, crimes on high seas, fraudulent bankruptcies, violations of the national banking laws and violations of the anti-trust laws, to kidnaping, bank robberies, and so forth. It has repaid the tax- ; (ioe Today 4 by FredericJ.Haskin ~ « {IN A Condensed Chapter From the Authors New Book’ in {ts archives. About 2200 finger print records are received daily from the more than 6000 contributing law weekaerkekn Payers its cost of $2,750,000 in one year by recovering property worth $6,- 400,000. The division has in its service about $00 trained men who receive from $2,- 900 to $6,500 a year in salary, and $5 & day for expenses when away from their home office. The investigators are strategically placed over the coun- try. Coordination is their watchword, ‘as they are told to keep in touch with one another. All are under control from the desk of Director J. Edgar Hoover. The division has more than 4,500,000 finger print records, the largest collection in the world, and tely 5,000,000 index cards, enforcement agencies throughout the world. The attorney general had no de- partment until 1870, and this branch of the government did not experience any large growth until after the war with Spain. It was then that the gov- ernment began the actual enforce- ment of antitrust laws, federal rail- road laws, and other legislation which required a large and active legal force. The greatest growth, of course, came during the World War, when the Bureau of Investigation grew larger in numbers than all the rest of the department put together. The office of attorney general was created in 1780 to provide a legal ad- viser for the president. In the early history of the country the principal duty of that official was to guide the chief executive along legal lines and to represent the United States in the court. Since that time his supreme duties have expanded until he is charged with the duties of prosecut- ing attorney for the government as well as being its legal adviser. People’s. Forum (Editor's Note)—The Tribune wel- co! 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 writ- ers, All letters MUST be signed. If you wish to use a pseudo! sign the pseudonym firs! own name beneath it. Ws apect such requests. We reserve the right to delete such letters as may be nec conform to this policy quire publication of a name where justice and fair play make it advisable, PASSING THROUGH THE FIRE Bismarck, N. D., Nov. 12, 1934, Editor, Tribune: ‘We wish every citizen of this coun- | bombs try could have heard the inspiring ad- dreases given by Senator Gerald P. Nye relating to the profits of the munitions manufacturers, especially in time of national conflict. We wish all could have heard, for if they had they would no longer need to wonder why it is that war and rumors of war are constantly with us. 2 We shudder when we read of the fire: god, Moloch, unto whom THE BISMARCK TRIBUNE, MONDAY, NOVEMBER 19, 1934 know he would never dare to come before the public with anything less than the unvarnished truth—for the enrichment and glorification of our American munitions z United States officiate are con. | for fear of being killed! ferring with German authorities to see what can be done for Miss feo. bel Miriam Steele of Los Angeles, a music student in Berlin, who has been held in Moabit prison since August 10 on charges belleved to Charles Palm family eked out an existence on their dryland farm, but the Palm property. Mrs, Palm, a widow with nine children, will real- ize $100,000 in the next five years on the gravel contracts, _ e a & 3 & a3 i Ie 5 ze #8 the sacrifice of human lives, then and ery; when we permit American muni- tions makers to sell their wares all over the world and use our Navy for the purpose; when we constantly per- mit this and that jingoist to insult other countries and apparently defy them, without rebuke, then we alone can be blamed if our sons ate forced to pass through the fire time and again. When we work for peace, when we Prove we are a friend to all nations alike, and have no ulterior motives toward them, then a better feeling is sure to come to the people of the world. And if it were only possible for all nations on earth to have a} inst A Farmer, Bismarck, North Dakota. FORTUNE IN GRAVEL Saco, Mont.—For 24 years, the season, ‘The following tabulation shows, by g ne site pees tbeetrentll to the bottom and get at truth. Women's g & He g ve gee * i “Why don't you LUDENIZE your throat and relieve that cough?" “What do you mean, LUDENIZE?” % “LUDENIZE*=the complete throat medicating proo- ess which occurs the moment you place a Luden’s Men- thol Cough Drop in your mouth... eleven medicinal ingredients melting into a soothing lotion which quickly i sthoth irritasi reli hes. LUDEN'S “254 prope 5° great the ancient Ammonites sacrificed LEAF-TOBACCO EXPERTS AGREE Twaspay {1523 FE ELE. LISTEN EVERY TUESDAY AND THURSDAY NIGHT TO THE NEW CAMEL CARAVAN TED HUSING ¢ WALTER O'KEEFE e ANNETTE HANSHAW GLEN GRAY’S CASA LOMA ORCHESTRA Tnunspay (Re RLELE SCREKEE OVER COAST-TO-COAST—WABC-COLUMBIA NETWORK. OO MILLION PAID TO WHEAT GROWERS FOR ACREAGE REDUCTION $5,364,948 Comes to North Dakota; Is Half of Sum Due This Year Washington, Nov. 19.—(#)}—Pay- ment of $40,871,589 to wheat growers in return for acreage reductions was announced Saturday by the farm ad- ministration, The total, which represents approx- imately half of the sum due this year, consisted of $13,232,716 on*the second installment of the 1933 payment and $36,638,873 on the first payment of 20 cents @ bushel on the 1934 crop. In addition, growers already received $67,855,756 on the first 1933 itallment, bringing total wheat pay- ments to date to $117,727,345. states, wheat benefit payments to date on the first 1933 installment, the The Latorra family of Chicago con- sists of 21 persons, father, mother and 19 chiléren, ranging in age from 1 to 26 years, Slow-Cleansing Tooth pastes leave Teeth dull-white Why let an old-fashioned, i i if il " é Hi iy i i iy a h : i i 4 ‘ i Tooth P ELECTRA MULTI-MOTORED SERVICE ALL THE WAY Seattle... BISMARCK -- Chicago WA SERVICE BISMARCK ... TWIN CITIES .. . CHICAGO BISMARCK ... SPOKANE » win-Engine...10-Passenger...All-Metal ELECTRAS—modérn and comfortable high-speed transport planes—two pilots—two-way radio. “* ENJOY LUXURIOUS TRAVEL IN SOUND-PROOF CABINS, COMFORTABLY HEATED BISMARCK to— SPOKANE (6 1/3 Hrs.) PRO FOOTBALL ppd tbat ontgomery Says: “After a ganie, or any | time when I feel - $950 $1700 95.00 , ane 65.00 5158 102.00 5.50 RESERVATIONS ACCEPTED IN ADVANCE. City Ticket Office 800—Airport Ticket Office 826 SHIP BY GENERAL AIR EXPRESS...RATES ARE LOW Call any Postal Telegraph Office or Northwest Airlines Sth VEAR.....8% MILLION MILES NORTHWEST AIRLINES