The Bismarck Tribune Newspaper, February 11, 1935, Page 3

THE BISMAR BANK CHAIN ISSUES “Shepard Acauitted }/WORK RELIEF PLANS YEARLY STATEMENT Operating Profit of 83 Cents a Share Shown'in Report by Jaffray Information that net operating earnings of the First Bank Stock corporation in 1934 were 83 cents & share was received here Monday by the First National bank, a member of the chain. In 1933 earnings were $1.23 @ share. ‘The decrease was attributed to| three fators: Payment of $387,6) 82 in federal deposit insurance pre- miums; additional taxes, largely state and local, $99,082.36; and amortiza- tion of bond premiums, $562,540.97, a total of $1,049,242.15. The reported earnings, according to President C. T. Jaffray, do not include profits from the sale of bonds or dividends paid on $1,490,000 of preferred stock sold to the Reconstruction Finance corporation by nine member banks, of the group. The deduction for bond premium amortization was set aside because some bonds have been selling over par for the last year and a half and it was felt wise to have banks de- duct each month a proportionate share of these bond premiums. When the bonds mature or are sold the funds set aside will serve as a sink- ing fund to increase the profit or les- sen the loss as the case may be. The tangible value of the corpora- tion’s assets was put at $13.54 a share as compared with $11.21 at the end ‘of 1933, Net total deposits in the corpora- tion’s 88 member banks aggregated ‘$337,224,401.61 or an increase of $40,- 000,000, despite the fact that practi United States Postal Sav- ings deposits were paid off by mem- ber banks during the year. It was explained locally that, with small op- portunity to put these funds to work, the banks could not pay two per cent on such deposits as required by the government. During the year the corporation or- ganized one bank in Michigan to take over its four affiliates there and operate them as branch banks, and el others liminated seven through li- quidation, consolidation or sale. Of the 86 bank affiliates left at the end of the year, 43 are in Minnesota, 19 in North Dakota, 10 in South Da- kota, 13 in Montana and one in Mich- igan. An economic prospectus attached to the report comments that « return of Prosperity in the northwest now de- tor ae on relief from the PROBE REASONS FOR RECENT AAA PURGE? Montana Senator Will Deter- mine Whether Setup Gives Consumers Square Deal Washington, Feb. 11.—(?)—As @ re- sult of the recent “purge” in the agri- cultural adjustment administration, Senator Wheeler (D-Mont.) put that agency on notice Monday that he in- tends to seek an investigation to determine whether consumers have been treated fairly under its policies, Asserting that the ousting of Jerome Frank, AAA counsel and four other Officials a week ago “turned on is- sues of policy which are matters of grave public concern,” Wheeler added: “Apparently, the fundamental ques- tion was whether, while doing a little something for the farmer, a great deal too much was not being done for the men, the processors and dis- tributors, with a reckless disregard of the effect on the consumers.” Meanwhile, remaining followers Meeting Dates Set Dates for the four meetings to be held throughout the county at which Martin C. Altenburg, Fargoan Stricken by Heart Attack Sunday Fargo, N. D., Feb. 11.—(7)—J. C. Gillham, 58, manager of the Fargo branch MAJ. CHARLES A. SHEPARD . 11) — he fatally poisoned his second wife to clear the way for his mar- tiage to Miss Grace Brandon, ‘Texas stenographer. “The verdict is right and just,” said Shepard, 63, who at his first trial in 1930 was convicted. The iad court granted a new The jury received the case at 7:03 p. m. (central standard time) Saturday night after a two- week trial. It deliberated virtu- ally all day Sunday and until 2:30 a. m. Monday. BONUS ADVOCATES TO TEST STRENGTH Roosevelt Leaders to Permit Vote Despite President's Opposition Movatnanr tl Feb, wild teed Ppaym vocates, disputing among themselves, pressed forward Monday = early test of their'strength in the ouse, The Roosevelt leaders there said they were going to permit a vote on the $2,100,000,600 issue despite the President's opposition to the plan for full and immediate payment. Some of them expressed belief such a step was necessary to prevent @ revolt on major administration legislation. Meanwhile the bonus forces were | “AY. torn by an increasingly bitter con- troversy over possible methods of Payment. Rep. Patman (D-Texas), author of ‘® bill to pay the bonus certificates with an issue of new currency, issued @ statement Sunday asserting that Commander Frank N. Belgrano of the American Legion wanted to finance Payment with a bond issue because his bank received $1,350,000 in interest ane on $45,000,000 of government Bank of Hotes it San waboied at Patman said. Patman’s attack shared attention with a statement from the American Liberty League applauding the presi- Gent's stand against paying the bonus. HOLTE SOUGHT ON CONTEMPT CHARGE Bergen Man Fails to Appear for Hearing Before Mille: Believed in Bismarck | F et if E & d Erie ail ; £ EE Eg tit id ie i i ! ete i | rf zi 5 suggest additional changes in the of Western Union, died of a|social security program so as to quiet heart attack Sunday while on a rab- bit hunt es Kindred. Funeral F your day begins with Berees Favi Prescrip- tion, Read. what Mrs. Harold West- of 523 First Dr. assertions it would take authority POR STATE STUDIED New State PWA Committee Meeting at Devils Lake to Consider Propo: Devils Lake, N. D., Feb. 11.—(P}— Members of the new public works committee in North Dakota, set up in accordance with new federal reg- ulations, met in Devils Lake Monday afternoon to lay out plans and ex- amine questionnaires from state po- litical subdivisions covering the list- ing of tentatives projects of work re- Nef for submission to Washington. The regulations require that state planning boards name such a com- mittee to develop and study projects which may qualify under the new work relief program expected to be ‘authorized soon by congress. ‘The committee, appointed by Rob- ert Byrne, chairman of the state planning board, to take the place of the former PWA board in North Da- kota, is working with H. C. Knudsen, Devils Lake, PWA state engineer, and ‘Dr. Irvine Lavine, Grand Forks, coa- sultant to the state planning board. The members include M. O. Ryan, Fargo, secretary of the Greater North ‘Dakota association, recently named chairman of the committee; Myron Atkinson, Bismarck, secretary of the North Dakota League of Municipali- ties; Dean L. C. Harrington, head of the engineering school, University of North Dakota; Major F. L. Anders, Fargo; Gervais Manning, Dickinson; land Douglas Steward of Bowman. All except Manning and Steward are here, Knudsen said. The committee has conducted meet- ings in all counties of the state ac- quainting officials of taxing sudivi- sions with preliminary regulations covering the listing of tentative pro- Jects of work relief. Questionnaires were sent out to all sub-divisions and were filed at the PWA office in Devils Lake before February 11. From this date to March 1, the members will conduct hearings in principal cities of the state, when they will review applications for work re- lief projects and advise applicants of regulations which may favor or deny their tentative projects, Knudsen said. Dillage Sentenced To Four-Year Term Minot, N. D., Feb. 11—(#)—Lee 'Dillage, Lignite, was sentenced to serve four years in a federal penitentiary ‘and to pay a fine of $1,000 on a wool smuggling charge, by Judge Andrew Miller in federal court in Minot Mon- The penitentiary sentence was the maximum whici: could be imposed vy the court who commented that there were indications that “wholesale per- jury” had been committed in behalf of the defendant. A plea for the court to consider the fact that Dillage “is not all bad” was made by Judge L. J. Palda, Jr., chief of defense counsel, and Dillage himself briefly addressed the court, that ne is innocent and ask- ing for leniency. United States District Attorney P. W. Lanier. without going into details of Dillage’s past career, remarked that he believed the court was familiar ‘with them. Before sentence was imposed, Judge ‘Miller denied =, motion for a new trial. A London society is loaning pictures and scultpures at hire ratgs depend- ing on the value of the work, People’s Forum (Editor's Note)—The Tribune wel comes letters on subjects of inter- est. Letters d ig with contro- versial religions subjects, attack individuals unfairly, which offend good taste and fair play will be returned to the writ- rs. All letters MUST be If you wish to use a pseudonym, sign the pseudonym first apd your own name beneath tt. We Feserve the right to delete such parts of letters as may be necessary to conform to this policy and to re- quire publication of a | writer's name where justice and fair play make it advisable, All letters must be limited to not more than 600 words. LAWYERS AND FARMERS Steele, North Dakota, February 6, 1935. Editor, Tribune: In your issue of today, we notice @ letter written by one Julius Meyer of Baldwin, North Dakota, in which he severely criticises the attitude of lawyers toward the making of wills, and other legal papers by people not licensed in this state to practice law. We notice that Mr. Meyer would advise that if we attorneys are to be allowed a monopoly on the mak- ing of legal papers, that we then should be prohibited from farming, unless we first take out a license to do 80, ‘We want to preface our remarks by saying that we have read many letters writen ky Mr. Meyer, and that we admire his ability, so long as he stays within the realm of his know- ledge of his subject; but in this case we are of the opinion that Mr. Meyer | has wandered far from his fold. It 1s our best judgment that Mr. Meyer gave but little thought to just what would happen to the innocent legatees named in such wills if they were to be drawn by people who know nothing of the law relative to the disposition of property of de- ceased people. We wonder if Mr. Meyer would want his will contested in court and pronounced invalid be- cause it did not conform to the Statute in such cases made and pro- vided. We are of the opinion that CK TRIBUNE, MONDAY, FEBRUARY 11, 1935 work, We lawyers in this state—and I believe that this is the only state in the union in which lawyers are Tequired to pay a license—do pay & license to practice law. We would not denominate it as a lawyer's li- cense, for it is not enough to dignify it as such—we would much prefer to call it a dog license—but at any rate we pay it, and by 80 doing are jlicensed to practice from one year to another. When we draw a legal paper our reputation is staked on our ability to dc so, We charge for | that work and‘have a right to do 80, and if it is not right we are apt |to hear from our client in no un- certain terms. If a farmer could do as good work in drawing legal papers as we lawyers can at farm- ing, then why not charge the dog license fee up to the farmer and let the lawyer farm? In that way we would get more fees and less farm products, This lawyer will admit that he lives on money produced by the farmer in the first place—for in this state all wealth comes from Mother earth—but we will not ad- mit that a farmer is better qualified to draw legal papers than is the writer; nor will he admit that any one other than a licensed practicing attorney should be allowed to occupy the position of judge of a county court. A judge of the county court ‘is what is known in many states as ‘@ probate judge, and a probate judge has to pass on some of the most intricate legal questions that ever come before any court. His decisions in many cases involve the interest fot orphans and widows—in fact in most cases—and requires the legal Schilling qvanilla Why buy sunflowers for the same price. 4, will have carte blanche to do such Mr. Meyer would much prefer that a3 his will would convey his property as intended; which it would no doubt do if it was drawn by one familiar with our laws, instead of one who knew only farming. If we lawyers were to be charged a license fee for |~ our farming activities as Mr. Meyer's letter indicates we should be, em if the United States government keeps on with all of its loan activi- ties, and, the state with its mora- torlums—it will not be long until all | lawyers will be paying that kind of | @ license; for our legal work will not keep us in tooth-picks. What if we| did engage in farming? How would; that be analogous with the practice of law? If we failed in farming— as most of us would—no one would} lose but the lawyer engaged in farm- ing; while if a farmer was allowed to draw wills and other legal papers, the loser would be the one who tried to inherit under the will. ‘We know for a certainty that wills drawn by lawyers who were away up in their profession have been contested in our courts and refused Probate because not drawn accord- ing to our statute. We shudder when we think of the time that laymen Buy Schilling Vanilla "\(G sthe orchid of Vanillas. » )¢ Business Man_ i ‘A business man has to work late many @ night. That's when Bromo-Seltzer comes in handy. Take one at o'clock. Helps prevent severe headache. Calms. Relaxes. Builds up low alkali reserve. Refreshes you. A standby for over 40 years, Bromo-Seltzer contains no nar- cotics. doesn’t upset the stomach, Advertisement. WE ASKED LEADERS IN WINTE 6 ability of the most learned in law to decide them. On his ability to decide correctly hinges the question of whether or not your will shall convey your property to your named legatees. We know of county judges in this state who could hardly dis- tinguish the difference between a law book and @ Dutch almanac, and yet by your laws, you declare them to be competent to pass on the legality of your last will and testament, and to decide whether or not at the time of your demise, you were of a sound and disposing mind. This of course does not cause the deceased any dis- comfort—for vhey have hustled on to higher tribunal—but God pity their progeny. We are of the opinion that if Mr. Meyer will give to this problem his usual careful, critical thought, he have to disagree with Mr. Meyer on Yours truly, J. N. McCARTER, Steele, North Dakota. Ex-President Hoover At New York Meeting New York, Feb. 11—(#)—Former President Herbert Hoover is here for his first meeting of the board of direc- tors of the New York Life Insurance company to which he was recently elected. Although the former chief executive declined to discuss politics. he may will decide that when the time comes/ have something to say at the Lincoln that his Last Will and Testament| Day dinner of the National Repub- shall come before a Court for pro-|lican club Tuesday night. He is not bate, or even when he wants his/ listed as a speaker, but may respond Last Will and Testament drawn, he/| informally to a greeting. will decide that he would rather have @ lawyer draft it than for it to be) done by ® good honest farmer. With all due respect to the farmer we will Russia exported more than a mil- lion pounds of candy to this country j during the first three months of 1931 2 5 Double-edge Full Sized Tube ALL ESSEX |z| FITCH’S $150) 7 Razor Blades q| Shaving Cream Value 49¢ MAN-O-MAN — WHAT A BUY Get your year’s supply of shaving necessities while this SPECIAL OFFER lasts. Fitch wants every man to know the finest shaving cream that money can make. Fitch’s is made with soothing oils, lubricates, protects and keeps the face smooth and soft. Multiplics itself 297 times in lather and goes twice as far as soap base cream. This special offer is to make sure we get acquainted. For sale and recommended by the following drug- gists who have advised the Tribune they have this combination value in stock: Recommended and For Sale By BISMARCK ELGIN Capitol Cut Rate Drug, Inc. Economy Drug Store Vinars DP Stee HAZELTON action, Semling’s Drug Store Hall’s Drug Store Lenhart’s Drug Store NEW ENGLAND New England Drug Co. Service Drug Store WASHBURN ASHLEY A. L, Teigen, Druggist Williams Drug Store CAPITOL —sae THEATRE aoe— 25c until 7:30 TONIGHT iin ~ ROMANCE... AT 8 MILES A MINUTE —WITH THE DAREDEVIL STAR OF “MURDER IN THE CLOUDS”! ‘RED HOT TIRES LYLE TALBOT * MARY AST Tues., Wed., Thurs. FRANK MORGAN Katharine Alexander REGINALD OWEN JANE BAXTER fs this RS “Camels. are nade from finer, more expensive tobaccos - Turkish and Domestic ~ then any other popular brand." (Signed) _R. J. REYNOLDS TOBACCO COMPANY , Winston-Salem, North Carolina | BS LAVOR! Jack Shea, Olympic ‘Speed Skater: “Camels taste #0 good that with me Camels get the nod every time. When people mention my being a cigarette emoker, I correct them and say,'I'ma Camel smoker.” VALUED rn just an interested winter sporta fan,” says Edward Kent. “But I'm with Jack Shea and Ray Stevens when it comes to smoking Camels! I ‘get a lift with a Camel’ when I'm low and need. up, or when I’m tired. And the fact that tobaccos of a quality are used in Camels goes far to ex- plain why Camels are 90 mild and pleasing, and never Jangle my nerves. It means a lot to me that millions ‘more are spent for the tobaccos used in Camels.” MILDNESS! sey coms, hy byt Camels steadily never tells on my Mmerves. To me, it’s a very important fact that Camels use finer tobaccos.” ENERGY! -caners'eceresien effect’ is a great thing for one whois active,” says Paul Thompeon, world-champion Chicago Black Hawke there’sone of the team, thing I want—aCamell”