The Bismarck Tribune Newspaper, December 12, 1935, Page 2

‘2 THE BISMARCK TRIBUNE, THURSDAY, DECEMBER 12, 1935 FEDERAL HOUSING LOAN APPLICATIONS | ~ PASSED $1,500,000 Advances for Repair, Moderniz- ing of Homes Believed Over $500,000 Mark Applications for loans from the Federal Housing administration passed | $1,500,000 here this week, W. Ray Reichert, state FHA director, an-/ nounced Thursday. Applications received at the Bis-: marck office from approved lending institutions throughout the state for loans to refinance, purchase, or con- struct urban homes passed the million dollar mark, he said. | While official figures on business | done under short-term loans for re-| pairs and modernization are not avail-| able, Reichert said reports received from the 168 approved lending insti- tutions in the state indicated approxi- mately $500,000 of this class of loans have been made, with the amount in-} creasing at the rate of $15,000 per ‘week. | The repair-modernization applica-! tions have been received from every | county in the state except Slope,) Golden Valley, Oliver and Billings. | ‘These applications average $2,500, each, and one-third of the amount! applied for is for construction of new homes. Commitments for mortgage insurance amount to $600,000 he re- | Ported. Rejections at Minimum As the result of great care by the approved lending institutions in se-| lection of applicants, applications re-| ceived are of an exceptionally high type and rejections in this office have been reduced to a minimum, declared Reichert. “Some difficulty was encountered in ® few of the smaller towns because of the FHA’s requirement that prop- erties eligible for mortgage insurance have sewer and running water, and these requirements probably have deterred many otherwise eligible per- sons from taking advantage of the benefits of the national housing act,” Reichert said. ‘However, the require: ments can be met by the installation of pressure systems and private sew age disposal facilities approved b’ the state department of health. | “Running water and sewer,” hej asserted, “can no longer be considered | luxuries but are now necessities | contributing greatly to better living | conditions and the public health.” MORGENTHAU DENIES. SILVER BUYING STOP: Carrying out Mandate of Act, Treasury Secretary Says, Answering Critics Washington, Dec. 12.—(?}—Secre- tary Mongenthau Thursday denied the United States had stopped pur- chasing silver and asserted he had bought the metal every day this week. “I am continuing to carry out mandate of the silver purchase act, | Morgenthau said. have bought sil- ver every day this week—on Monday, on Tuesday, and on Wednesday, in many different places.” | It was on Tuesday the London sil- ver market collapsed because of a lack of buyers. Brokers aitributed this condition to a U. S. treasury halt in purchases. Morgenthau said the department had departed from its usual practice of concentrating purchases in London, but refused to locate this week’s pur- chases. He declined to say whether this departure would be continued. Likewise he would not say wheth- er any direct purchases were made in China. Morgenthau hinted that the silver price situation may have been in- volved in the treasury when he read @ section of the silver purchase act and called specific attention to this passage, governing buying in carrying out the law's mandate to purchase un- ‘til the price of silver reached $1.29 an ounce or the treasury’s monetary stocks were one-third those of gold: “Upon such terms and provisions as he (the secretary of the treasury) May deem reasonable and most ad- vantageous to the public interests.” The secretary's statement was made as London brokers again found diffl- culty in setting a price. The treasury reported today it had acquired 761,774,000 ounces of silver since the beginning of steps taken to bolster the price of the metal. PEERS ACQUIT LORD OF MANSLAUGHTER Ceremony Old as Magna Char- ta Re-Enacted First Time in 34 Years London, Dec. 12. — () — Scarlet- garbed peers of England Thursday acquitted Lord de Clifford, 28 years old, of a charge of manslaughter arising from an automobile accident. The verdict of innocence was re- turned by the members of the house ot lords after six hours of judicial pageant such as had not been seen in in the last 34 years. verdict—‘“not guilty upon mine henor”—was pronounced one by one the assembled peers with their hands over their hearts follow- ay taking of evidence. Hailsham, THREE INQUIRES 10 KIN OF T. R. HELD FOR ASSAULT = Cornelius Roosevelt (center), grandson of the late President Roose velt, and Peter De Florez (left), fellow student at the Massachusetts Institute of Technology, were ordered held for the grand jury at Cam. bridge, Mass., on charges of assault a ind battery with dangerous weapons, They were accused of discharging air pistols at two policemen and a Boston newspaperman. Brickley. (Associated Press Photo) With them is their attorney, Bartholomew KEEP SENATE BUSY’ Railroad Financing, Lobbying, | World War Entrance Un- der Investigation Washington, Dec. 12.— (?) —The; senate, long famous for sensational) vestigations, is ready to break all} records at the coming session with | | three major inquiries. | Committees investigating lobbying, | railroad financing, and America’s! entry into the World war, are loaded | down with evidence for hearings early | in the year. | The banking house of J. P. Morgan | and Co., which has figured in other | senate inquiries, will play a leading} part in two of the investigations. | To Begin Work Jan, 6 ‘ January 6 has been set as the start- ing date for the munitions committee, which is studying currents which drew America into the World war.| The lobby committee may begin even sooner, while the railroad financing inquiry probably will lag a little be- hind. | Munitions committeemen are anxi- ous to get their evidence before the public in time for use in drafting new j neutrality legislation. The present neutrality law expires by the end of February. | Less has been disclosed about the} work of the railroad financing com-! mittee. It has had the largest staff of all at work, under the direction of Max Lowenthal, former consultant to Ferdinand Pecora, senate stock mar-| ket investigator. Awaiting Wheeler Plans for hearings will not be made until Chairman Wheeler returns from! the Philippines, But the committee, with the cooperation of the interstate commerce commission, has been} studying the financing of the Van} Sweringen system, the Pennsylvania} and affiliated companies, the Chicago, | Milwaukee and St. Paul, and activity of the railroad associations. The inquiry will reach into the big railroad banking houses of Morgan, and Kuhn, Loeb and Co., as well as others less famous. Bankers will figure also in the munitions hearings. NOMA Christmas Tree Lights with Mazda Lamps Approved by Fire Underwriters 4. Adjustable Berry Beads 2. Add-on Connector 3. Straight line construction with end connectors. We Have Them Service Electric Shop John B. Kottsick, Mer. 117 Fifth St. Phone 85 One Chinese bank has established 52 savings branches, with 45,000 ac- counts, during the last four years. TALBOTT REPORTS FARM UNION SALES STEADILY INCREASE —_—____- Farm Cooperative to Branch Out Into. Tractor Selling Next Year St. Paul, Dec. 12.—(P)—C. C. Tal- bott, Jamestown, N. D., president of the Farmers Union terminal ex- change, told delegates to the annual meeting Thursday sales in North Da- kota, Minnesota, Wisconsin and Mon- tana had totaled $4,028,068 last year, up 50 per cent from the year. His report, covering sales of tires, gasoline, oil, twine, batteries and other products to farmers, was for the year ending Nov. 1. The number of cooperative retail- ing setups of the exchange grew dur- ing the year from 211 to 227 he said, announcing the exchange will enter @ new field next year—sale of trac- tors which he described as capable of @ 55 mile an hour speed. Only sales showing a decline were in the feed department, he reported, adding this was probably due to re- covery from drouth conditions. Membership Grows Walter Maddock, Bismarck, secre- tary of the terminal exchange group, said it has increased its total mem- bership considerably since 1928. The group has, he said, between 11,000 and 12,000 stockholders and-about 100,000 patrons, D. O. O’Connor, New Rock- ford, N. D., is president. Cc. A. Ward, regional rural reset- previous| tlement director, a visitor at the meeting, said between $3,000,000 and $4,000,000 will be spent in the next three months in -shifting possibly 1,000 farm families in - North and | South Dakota, Nebraska and Kansas to better lands within their own stetes. Private grain dealers, C. E. Huff of | Chicago, president of the Farmers | National Grain corporation, charged Wednesday, are spending vast sums to propagandize against the cooperative movement. Calls Report Unfair Huff, accusing the Chicago Board of Trade of subsidizing dealers “who never marketed a bushel of grain in j their lives,” said the propaganda brought on the “inaccurate and un- fair” report on the federal farm board. He referred to the senate investiga- tion headed by Senator Charles L. McNary of Oregon into board activi- ties with cooperatives and private dealers. The terminal association reelected A. E. Kathan, Brady, Mont.; P, J. Thorson, Clarkfield, Minn., and J. ¥. | Fitzgerald, Merricourt, N D., to its board of directors. Movie Acting Quins Don’t Need Presents Callander, Ont, Dec. 12—(P)— Wealthy movie actresses now, the Dionne quintuplets don’t need pres- ents this Christmas as they did last yuletide but the gifts are expected to start rolling in soon. Plans for the holiday at the hos- pital have not yet been made—the quins have been busy movie-making —but they &re sure to include at least one Christmas tree and perhaps Dr. Allan Dafoe their physician, will dress up in a white beard and red Santa Claus suit again, PO ee “Remember, I want an electric refrigerator more than anything else” An Electric Refrigerator Is a Gift That Will Be Enjoyed Every Day by the Entire Family For Many Years to Come Gamble Stores King John (1199-1216 A. trial invoked for the first Bowman Furniture Company Corwin-Churchill Motors, Inc. PWA OFFERS MONEY AlD FOR 6 PROJECTS COSTING $568,000 Girls Dormitory at Grafton Is Biggest Proposal Receiv- ing Approval Offers to aid. in financing con- struction of projects estimated to cost approximately $568,000 were being forwarded to six applicants in North Dakota, H. C. Knudsen, acting state director of the PWA, announced Thursday. Knudsen’s announcement followed reports from Washington on the var- *!ious applications sent there for ap- proval, He said the next move await- ed acceptance of the offers by the ap- Plicants. * One of the biggest offers went to the state board of administration which applied for a grant to construct and equip the proposed new girls’ dormitory at/the Grafton State School for the Feeble Minded, estimated to cost $218,182. The PWA offered a grant of $98,182. Remaining monies would come from an appropriation by the last state legislature. Aid Devils Lake The offer to the city of Devils Lake for erection and construction of a power plant and distribution system “MY SKIN WAS FULL OF PIMPLES AND BLEMISHES” Says Verna Schlepp: “Since ‘using Adierika the pimples are gone. My skin is smooth and glows with health.” Adierika washes BOTH bowels, rids you of poisons that cause a bad complexion.—Advertise- ment. provided for a grant of $114,545 anda loan 9f $140,000. Other offers of assistance were: Board of education, village of New- burg, school building, estimated to cost $35,750, grant $15,750 with balance of funds to be provided by the board of education. Board of education, village of Rus- sell, addition to present school, esti- mated cost $12,181; grant of $5,481, and purchase of $6,700 bonds. Propose Village Hall Village of Churchs Ferry, construc- tion and equipping’ village hall, esti- mated cost $13,636, Grant $6,136, pur- chase $7,500 in bonds. ‘ City ef Mandan, completion and addition to memorial building, esti- mated cost $33,800, grant $15,210, pur- chase ‘$12,000 in bonds, balance of funds to be provided by other monies of the city. Awards made by the school board No. 42 of Streeter for construction of Made from your own Snapshots, Photos or Ping Pongs 10 for $1.25 and up including envelopes CAMPBELL’S Phone 1795 a school building have been approved. Huston and Mackley of Minot was awarded the general contract on a bid of $36,635, and the Jamestown Plumbing and Heating company the contract for plumbing, heating anc ventilating on a bid of $8,076. Recognized Russians Too Fast, Lewis Says New York, Dec. 12.—\)—Senator James Hamilton Lewis, of Illinois, who was stricken seriously ill with pneumonia in‘ Moscow, returned Thursday on the United States liner Washington, convinced this nation should have “bided its time” in recog- nizing the Soviet Union.” REMEMBER We'll have Christmas tree lights for you, regardless of how great the demand is for them in Bis- We feature the NOMA Christmas Tree Decorative Lighting Outfit with MAZDA Lamps MELVILLE ELECTRIC SHOP Under Finney’s on Broadway Telephone 179 Give them what they actually need. This is a practical Christmas. A very few doHars will go a long way—perhaps further in furniture than in anything else. Inexpensive Things to Promote Comfort and Beauty in the Home Two piece Living Room Suites - - $83.50 Make Your Selection Early Visit these Electric Refrigerator Dealers ___ Tavis Music Company Montgomery-Ward Company N. D. Power and Light Company Hedahl Motor Company Lignite Combustion Engineering Corp. SSS GSES SESE SS SG ea IN COLORS CONVENIENT TERMS SELECT YOURS NOW OPEN EVENINGS Walter W. McMahon DEALER 409 Broadway Phone 989 Lane Cedar Chests $18.50 Walnut exterior, full cedar lined, mothproof. Coffee Solid walnut, carved, with glass tray. LAMPS $1.95 0 $16.50 Pictures, fine assortment .. - EXTRA!!! For the covenience of Christmas shoppers, we have made ar- rangements to STAY OPEN EVERY NIGHT FROM DEC. 19 TO 23 ‘ t Lounge Chair and Stool $2575 Large, comfortable and good looking. Priscilla Cabinet Card Tables $125 ,, $500 Very fine assortment. Look at these Values! OCCASIONAL CHAIRS $4.45 to $30.00 SMOKERS 98c 10 $11.75 aN es END TABLES Bismarck $1.00 to $9.75 -+++++ $1.00, $1.50, $2.25, $3,25 Bowman Furniture Company Broadway at Second Telephone 100