The Bismarck Tribune Newspaper, February 27, 1935, Page 4

The Bismarck Tribune An Independent Newspaper THE STATE'S OLDEST NEWSPAPER (Established 1873) State, City and County Official News- paper. Published by The Bismarck Trib- ‘une Company, Bismarck, N. D., and entered at the postoffice at Bismarck @8 second class mafl matter. GEORGE D. MANN President and Publisher Subscription Rates Payable in Advance by carrier, per year .......$7.20 by mail, per year (in Bis- Daily by mail, per year (in stat outside of Bismarck) Daily by mail outside Dakota Weekly by , 1 ‘Weekly by mail outside of North Dakota, per year ..........0++ 150 Weekly by mail in Canada, per year... 2.00 Member of Audit Bureau of Circulation Member of The Associated Press 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. U. S. Insurance Funds Present a Problem Before we get through with the THE BISMARCK TRIBUNE, WEDNESDAY, FEBRUARY 27, 1935 men who have long since been forced off the land. There is no justice in that, either. The second objection is that the system of refunds proposed in the bill passed by the house would not meet the needs of the hardest-pressed school districts. Much of the money would go back to districts in the east- ern part of the state where the schools are in much better financial condi- tion than is true in the west, where the majority of the 600 unable to pay their teachers are located. Thus, we should have a repetition of the old story of “to them that hath shall be 120|given.” Commissioner Hopton feels this is wrong, since the only reason 00 | for taking the money out of the fund at all is to assist the needy. ‘Thus the issue becomes a very com- plex one. As so often happens, it is difficult to draw a clear line between what is right and what is wrong. In such circumstances, expediency always becomes the guiding light and this explains passage by the house of the Traynor-Odegard-Hill measure. The Hopton plan would admittedly take from the more prosperous east- ern part of the state and give to the less prosperous west. But the ma- Jority of the people live in the east- ern sections and thelr representatives feel they would not want to be 80 charitable. The result is obvious. On this basis, it may be assumed that the bill passed by the house will be favored in the senate without major vexing issue of unemployment and social security insurance, we are likely to find that our education on the subject of money and the way it works has been considerably ex- tended. If the insurance and security meas- ures pending in congress should be adopted in their -present form, they would eventually roll up an enormous federal fund which would have some of the characteristics of a bit of ra- dium. ‘That is, it would be continuously active, and unless insulated pretty carefully it might have effects not counted on by its possessors. Congressmen Robert L. Doughton and Carl Vinson, of the house ways and means committee, estimated re- cently that by 1980 the security plan would have built up a reserve fund of not less.than $50,000,000,000. This, to begin with, would provide a fund with which the government could buy its own securities, thereby paying interest to itself and mixing up the ordinary debtor-creditor idea in a way to make @ man dizzy. In addition, the surplus could be ‘used for investment in other types of securities, these securities to be sold when the money was needed. But at this point a new complica- tion arises. David Cushman Coyle points out, in an article in the March issue of Scribner's Magazine, that to handle any big security fund in this way/| resort will be to accentuate the swings of the business cycle which a security fund is supposed to guard against. One great cause of depression, Mr. Coyle remarks, is over-investment during boom periods. If the govern- ment’s security fund is to be put into securities, this tendency will be tre- mendously accelerated. Nor is that all. When s crash comes, things are made worse, be- cause security holders hasten to un- load for what they can get. It would be right at such moments that the government, needing cash money for its security payments, would be obliged to sell the securities it had bought. Thus, says Mr. Coyle, the fund ‘would be a means of aggravating the instability of business with one hand, ‘while preparing to relieve the casual- ties with the other. change. Significant Story According to @ news story from Berlin, Uncle Sam seems to be in the proverbial position of the man who loans a friend money. Germany, according to this dis- Patch, is “quite willing to barter on an even basis with countries that are not particularly strong financially or that are not large creditors of Ger- many.” This attitude is exactly like that of the man who, owing the grocer money, makes his cash purchases elsewhere, leaving the creditor to hold the sack. The relationship is not quite so simple as that, international fiance being what it is, but the effect is the same. For nations as well as for individ- uals the old adage holds true: “If you want to lose a friend, loan him money.” Editorial Comment 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. Pretty Good State for the Shape It’s in’ (McKenzie County Farmer) & quarter dollars, our legislators will to some desperate expedients— @ sales tax, passage of a hard liquor up the cigarette and beer tax. The sales tax is designed to bring in a revenue of $4,000,000, liquor tax a half million, raise in beer tax 5 ‘a half million, additional cigarette tax $200,000. This is for the next two years. Any sales tax that is not discrimin- ‘tory in the sense it skips a tax on the necessities of life for poor people, mark the legislator who votes it to pay the reckoning next time he bobs up for office. Any hard lquor law that permits the old-time saloon by issuing a license to anyone who will pay for it, is another justifi- cation to mark the legislator who votes for such a law. If our necessi- ties oblige raising revenue by that ) cigarette and beer tax is not very material, since prices for these at re- tail are so high they cannot ask more and dealers will have to absorb the additional tax. It is Mr. Coyle's idea that such a fund should be simply hoarded—kept im the sock, so to speak, drawing no interest, invested in nothing. This may seem to defy all princi- ples of sound finance; yet money, and the way it works in human so- ciety, are mysterious and sometimes illogical things. If we are to get away from these disastrous swings of the business cycle, we may have to follow some such seemingly unsound course as Mr. Coyle has outlined. A Sectional Issue In the judgment of many seasoned Jegislators the bill to refund $1,000,- 000 from the state hail insurance fund to the common schools is the most important to come up at this f Commissioner Harold Hopton and the members of the legislature agree on the advisability of this move. E i : ‘When Governor Langer cut insti- tutional to the bone two years ago it was @ general fallacy he was inaugurating an economy, but so long as institutions can go on exceed- ing their budgets and bringing in de- ficiency expenses that must be paid by succeeding legislatures, talk of economy is just a joke. This legisla- ture could lay down a cast iron rule or obligation state institutions must function within their appropriation or they will be abolished. We realize this is easier said than done. But explicit instructions to that effect is- sued to the board of administration, holding it responsible, might operate to quell this institutional banking in the future. A state department much exceeding its appropriation attracts attention and is liable to incur mark- ed displeasure, but the institutions go on blithely incurring debts in are you going to do about it except foot the shot, We recall when the state universtiy exceeded its building appropriation by a hundred thousand dollars or so, That legislature hopped around like a chicken with its head cut off, finally obligating the state to Pay this excess expense with reserva- tion never, never again would it have its leg pulled in this wise. Of course, PERSONAL HEALTH SERVICE By William Brady, M. D. Signed letters pertairling to personal health and hygiene, not to disease diagnosis, or treatment, will be answered by Dr. Brady, if a self-addressed envelope is enclosed. Letters should be brief and in ink. No reply can be made to queries not conforming to instructions. Address Dr. William Brady, in care of this newspaper. In a recent splel, which I knaw most of you children didn’t get, I said in effect that it is unwise and danger- characteristic numbing, septics which are safer in any case./action of the natural healing g g 3 z z a 8 credulous |all around antiseptic one can use in any solution, salve or powder is boric soaps, | acid. . QUESTIONS AND ANSWERS “Want to Get Well?” 5B : 5 , EOTPasIGT aRaplis: orctes ue | oil cae OTEnn Cote came rT I_ know, for a tuberculosis patient. rail cars which tote senators back and | i =| ith Me BE ze E He i: it Be H ul it 3 THE even made mean cracks at each other |forth between the Capitol and the NEW DEAL ‘on the senate floor. Senate office building. — Favorites are “Casey Jones” and IN “Wreck of the Old 97." The “engineers” driving the cars, JASHINGTO) in our love for our country,” said |who lead a dreary subway life, think Earl Browder, general secretary and |it’s swell. —BY RODNEY DUTCHE! party in this | (Copyright, 1935, NEA Service, Inc.) (Feoane Washington Coempondent)| Pour, aber sbenmmllee fr te Hard to Belleve, Bat $1,000 Once!” oven invoked what he calle | TEXAS Prison system's canning plant, Was & Lot of Money to Congress} 44 «those immortal words of the De- . +, + Borah and Hi Johnson Seem) ciaration of Independence which con-| Mexican government representa- To Have Dropped Feud ... Com-| cern the right of the people to change |tives have purchased more than 6,000 munists Barn With Love of Coun-| or aholish the form of government (sheep in the San Angelo, Tex., section try «++ No Taboo on Mullen, ‘and institute @ new one.” for Mexican ranchmen. i i j 7 i i I ie bh how to reply. Washington, Feb. 27.—Col. Ed. Hal-| squeicHED? NOT MULLEN sey, secretary of the senate, has been! you may remember Arthur F. Mul-/dropped in number from 14,000 in here 201 Jong g that he oberon 000 qas |e of Nebraska who was forced by|pre-revolutionary days to 400 at & lot of money. topes — Thirty-seven years ago, Halsey weNt| so that his high-priced lobbying ac- to work as @ page. But only three decades ago, he recalls, as the senate ae Se — considers spending five billion dollars | “rn case you supposed that idealistic for rellet alone, Senator, Edmund | New Deal officials might be diffident tus of Alabama was telling @ coM- shout associating publicly with Mr. don’t mention anything less than Sean sae eee teenie ene OF kt, $1,000!" fascination, ! : Ba F Mark, ape Tmmade for the E Ht i ini & E i lk i gle rll BORAH-HIRAM FEUD DIMS After an estrangement of many | years, senatore _auram Johnion and Lhbchngerearibined executives in the | Borah e ment, notables | against World Court entry and ac-|Snda very’ fine Terewntation from jut Bo! ere | see them with their arms on each| mare residential circles other’s shoulders. 6 Old-timers recalled thelr sssocle-|Sfutlen is the political boss behind Burke. Ir in the Figg pc League of = ns struggle. Some sentimentalis! renee to see the ecg ae ee te eo amnanlant et | beautiful friendship. {WO | men do seem to have buried at least| PY Political lobbyists, though you can the blade of the hatchet, ‘i But there are too many bygones ° between these two celebrated liberal aan RO Sars. Bet its Sige re ts pedi’ Oa, forgot- in. ing ween Mm arose as far back as 1912, when Borah refused! ®AILROAD HARMONY to back the Teddy Roosevelt-Johngon Bull Moose ticket. sehen | 0 biisacolleaad Then, in 1920, when Johnson was sachet eb: etn nae a mn for epub- ‘The story was lican nomination which eventually S seaman wed, departed to) went to Harding, Borah was anxi- tatesman repeat it to his shipmates st the ous to make the nominating speech - bar, and even Mark's for Hiram. HORIZONTAL yielded a hearty chuckle, He has since been sour over the “Not even a drink, fact that Johnson gave the job to a| ©! Who ts the Loring. friend from his home state who made English states- pies" what Borah “e ; I Commerce speech about the beauties hanatad " aa 5 fie. Cee Sit Ot MIN sp elsee > SUIEIT | spitted by In the last congress the Johnson-| 14Engine-room i 2 greaser. “You're \SHelp. bea U6 Not pro! sional. oy 17 Potpourri i} MINOR wi ETERS ATER OES] 3° Sot food, $3 Note fo cota, ef pessure 36 Stepped upon, pomled, 33 Above. 46 To hew. Loring’s| | “That's 25 Negative, branches, Good ad. | Bis tormenter. 26 Morsel, 48 Color. 40 Music drama, her under 27 Unit of work. 49 Myself. pronow: 42 Heat measure, beach-| octeonine tes 29To deem. —60To steal, § Eggs of fishes.43'To retard. night's See 31 Concise, 52 Argued. €Concealed. 45 Mortar tray. pace ‘Would she hold 33 Wrath. $5 Chum. UMeasure of 47 Injury. ? Would 34 Part of a win- 56 Entrance. cloth, 49 Blemish. the first Sestroy her dow frame. 58 Less common. & Born. $1 To proftter. only by yutee 35 Harbor. 69 Epilepsy 9 Arid. &3 Fence rail. other's 37 Spirited. symptom. 10 Sun god. 64 Afternoon f i city i 39 Playing card. 60 He is president 11 To drink a meal. 41 Theater ofthe World small quantity.65 To place. —— Confer. 12 Supreme Norse 57 Musical note, ence, eity. 69 Form of “a.” if is if FE ste! £ platform. 4 Exclamation THE A-cent and 2cent stamps of the U. 8. Columbian Exposition 1ssue in 1893 provide stamp collec tors with one of their brightest fokes. ‘The lower value carries a copy of 8 painting showing a young, clean- shaven Columbus on the deck of his flagship. Sante Maria, as he comes in sight of land. But look at the 2-cent stamp, rep resenting the landing of Columbus only a few hours later There you see the great navigator appearing nae er and with a full-grows dea) ‘3 u 4 i Niel Na PINAL (Copyright, 1935, NEA Service, Ine) ” poison is always dis- However, yee children are easily|cernible if you have sufficient ine impressed by odors, as easily as you |telligence to notice, and the gangrene are by hifalutin quack language. Sojor death of the delicate young new you do grasp ‘tissue cells that are developing in the |Get Well.” For a copy send A DOL- LAR and 6 cents postage to Fannit Be: Colorado Springs, truth. Who wants the booklet “The coin and ‘camped pales Bearing envi your address, With the Hauptmann jury in ‘vaudeville, people will begin to wonder whether Hauptmann Teally is ey * * ‘The woman warden of the Okla- homa jail from which 31 convicts escaped must be wishing now that she had attended to her knitting— at home. *e & Now we ought to have a su- Tt seems that almost all the naval authorities, who will never have to tide in a dirigible, are certain that tinued the beach- “I don’t carejone years, It took me emotion to to reach in- obsession; it doesn’t irigibles are safe. he fac aga | mm “one can fall a long way in twenty- :n only a decade my level.’ Pel pete an ‘anya can’t possibly’ + y since ne, she lool down on me. That's a self-evident fact, isn’t itt» our eursed verbal pyrotech- ¥