The Bismarck Tribune Newspaper, October 1, 1936, Page 6

The Bismarck Tribune independent per ) « THE STATE'S OLDEST NEWSPAPER (Established 1873) is State, City and County Officia) Newspaper Published daily except Sunday by rhe Bismarck Tribune Company, Bis- marck, N. D., and entered at the postuffice at Bismarck as secund class mall Mrs. Stella |. Mann President and Publisher Kenneth W: Simons Sec'y-Treas and ditor Daily by carrier, per year by mati per year (in Bismarck) ... 120 Daily by mati per year (in state cutside of Bismarck). $0 Daily by mai) vutsice of Nurth Dakota 6.00 Weekly by mail in state, per year . Weekly by mail outside of North Dak Weekiy by mail tp Canada, per year Member of Audit Bureau of Circulation Member of The Associated Press The Associa.ed Press is exclusively entitled to the use for republica- tlon of the news dispatches credited to it or not otherwise credited in this Rewspa, focal news of sportaneous origin published herein. All cights of republication of all other matter herein are also reserved A Confident Country Despite the fact that this is a campaign year business is feeling better. Investors are more optimistic and the country has just about concluded that we are headed for better times rather than for the demnition bowwows. Evidence of thé fact is noted by the Administrative and Research corporation of New York which makes its. money from selling information to private industry. In a recent issue of its weekly it pointed out that a big railroad had applied to the ICC for permission to transfer .a loan from the Reconstruction Finance corporation to private bankers. cent interest and can get private money for threc. This was interpreted as indicating an improvement in cor- porate credit, a more venturesome attitude among private in- vestors and the reduction of both government borrowings and unwieldly bank surpluses by reducing government borrowings. Further indication is seen in the fact that commercial banks and insurance companies again are re-entering the farm- mortgage field. In 1934 their total loans in this field were $65,900,000. To date in 1936 they already have loaned $125,- 200,000. In addition to this, farm mortgages granted by in- dividuals totalled $115,000,000 in the first six months of this year so that, in the first five months of this year, private lend- ers handled 73 per cent of the business as against 27 per cent by government agencies. Summing up the situation, this authority says: “Neutral observers of the political trend agree that the necessity of pump priming is all but ended. With the establishment of eco- nomy controls (now promised by both candidates), a more selective form of relief and the gradual departure of the government crutch from the recovered business patient, federal solvency may be real- ized within @ few years. While credit inflation is still within the realm of possibility, the restoration of private credit sources and increased private spending has acted as a check on this danger, for the time being at least.” This news is cheering. It indicates why business through- cut the nation is improving despite the handicaps imposed up- on it by a campaign year. Most Favored Nation Governor Landon put his finger squarely upon one of the weaknesses of our tariff-bargaining system when, in his speech at Minneapolis, he assailed the most-favored-nation clause un- der which we have been operating. It has been a part of American policy for many years and has been used by both parties when in power. Hence it is out- side the field of partisan politics. If there be guilt it is dis- tributed on both sides of the political fence. The most-favored-nation clause has been inserted in many treaties to which the United States is a signatory. It provides that, where such treaties are in effect, we may not grant to one nation concessions which we are not prepared to grant to another nation on the same terms. It is a good deal like the “one price to all” theory of doing business and was instituted for the same reasons. But the difficulty lies in the fact that the United States alone adheres to this principle. If we grant a concession on beef cattle to Canada we must stand ready to do the same for Argentina on the same terms. If we grant a concession on steel products to Belgium, we must be ready to extend the same privilege to Germany. The result is to handicap our diplomats and economists in their efforts to trade horses with representatives of other gov- ernments. A Sometimes this feature of our policy has strange conse- quences. Thus a provision in our treaty with Brazil which lowers the tariff on certain chemicals, operates to lower those same tariffs on similar imports from Russia. And the strange fact is that we import practically none pf this stuff from Brazil but a great deal of it from Russia. Others have protested this quaint policy on our part but Governor Landon’s is the most important voice to be raised against it. It probably was the most important point raised by him in his Minneapolis speech in so far as its relation to our basic tariff policy is concerned. Sound Common Sense It was sound common sense which Dr. Owen C. Brown served to the Bismarck Kiwanis club in his luncheon address Tuesday. The good doctor, a leader in the Baptist church, put his finger on one of the sore spots in the American social system when he pointed out that home environment has as much in- fluence on the development of children as does the things they are taught in school. By emphasizing the difference between formal and infor- mal education and pointing out the power of example, he put into words what all of us would realize if we only thought more about it. Every parent knows that “little pitchers have big ears” many have been discomfited by having remarks which they ‘themselves made served back to them at embarrassing mom- ‘The burden of Dr. Brown's talk was that parents should ful accept their responsibilities. He didn't say that some neglecting them but the inference was unmistakable. - After ail, who should be more interested in the sound de- z of children than the persons who brought them into ee eet fae te acs it i a-ha caked There ia vo discipline for the parents as well as par- The reason was that it is paying the RFC four per | had been going on intermittently for BOTH SIDES of the CAMPAIGN Comptroller Holds Banking Saved by New Deal Policies, By J. F, T, O'CONNOR (Comotroller of the Currency) The need for greater safeguarding of bank deposits was never more ap- parent than during the period from 1921 to 1933, for it was in this 12- year term that 40 per cent of the na- tion's banks, 11,457 in number, sus- pended operations. Failures of these banks resulted in a tie-up of some five and one-half billion dollars in deposits and distress to millions of depositors and stock- holders. Such 2 disastrous condition indicat- ed a strong need for changes in our entire banking structure if the re- maining banks were to survive. Many times during the last three years causes for these numerous bank foilures have been sought. It should be remembered that out of the total of 11,457 bank failures in the years 1921 to 1933, 5,093, or 44 per cent of these failures occurred privr to the depression years—in other words, they occurred between 1921 and 1929. I bring out this fact so that it may be better understood that the causes responsible for these innumterable failures were existent over the cuun- try for many years preceding the de- precsion. Further, the factors which prevail- ed so largely in pre-depression fail- ures were also responsible for the mass of such failures during the de- pression years. They differed only in the fact that in the latter years any possibility of retrenchment, which might have saved some of these banks from in- solvency, was gone. First, and possibly the most impor- tant of all these causes, was a badly over-banked condition over the coun- try, brought about by a reckless and uncalculating issuance of charters, which led to establishment of many banks which were not needed and | which were doomed to failure from the start. Second, and largely because sof the ease with which charters were ob- tained, was the entrance into the banking field of individuals totaiiy inexperienced in this highly special- ized profession. Third, the wholesale granting of | loans based on inflated values. Fourth, a prevailing spirit of specu- lation which led to the sacritice of safety for high yield in the purchase) ot investment securities. These are the main factors and all are inseparably linked insofar as the huge disintegration of banks uver this 12-year period is concerned. ee % Lose Confidence in Banks The climax was reached in the clos- ing days of the previous administra- tion, namely, in January and Febru- ary, 1933. By that time the people's confidence in the banks had reached such a low ebb that the extremely heavy withdrawals of deposits for hoarding purposes threatened tie en- tire banking structure of the nation. Conditions became so acute in a /number of states as to necsssilate Prompt action and several govern: declared holidays to avoid comp.ete collapse. This was the situation which faced the new administration on March 4, 1933. One of the first acts of Presi- dent Roosevelt was the closing by| was that the state would be carried by proclamation of all banks of tac na- tion under what has become known as the “Banking Holiday of March, 1933.” Looking at the Campaign marked resemblance between Iowa, South Dakota and Nebraska. They are all soclose at this stage of the campaign that each one will be swung one way or the other by de- velopments in the next 30 days. The independent vote will decide the electoral complexion of them all. Whatever ‘“‘edge” there is in Ne- braska may be at the moment on the Landon side. I talked with well in- formed Democrats and well informed Republicans and some independent observers from different parts of the state. It is significant that the aver- age estimate of the Democrats was that Mr. Roosevelt would carry Ne- braska. by about 30,000, while the votes. Here is a variation of not more : than 50,000 votes, or a possible shift ane ae ior ie constructive cf 25,000 voters out of a total of about it is understood that during this pen | een ehh Tne ast res riod of the banking holiday an ex-| diction, 4 haustive check was made of the con-| Certainly, Mr. Roosevelt's majority dition of each bank and only thos] o¢ 158,000 of four vears ago is gone, found’ v0 be solvent were perinitted to and while I found one enthusiastic i sy, |Democratic editor from the rural pedis Ree rtnrds snd within hs areas who thought the president might plished a weeding high aviineoent CaN CUSED set SVL banks, @: br which iNenetOrors! consensus among the many people I ~f ee jconsulted in Omaha and Lincoln was that the Democrats would be lucky agencies of the government so the banks might be relieved of these thousands of frozen loans, . The great benefits of this program, 12 years. This was the first step in the pro- gram of rehabilitation of the banking structure. Had it stopped at this poi! no lasting good would have been ac- complished. /_ & 8 *% to both the banks and the people, ate New Program Necessary too well recognized to require com- Having relicensed those banks which; ment here. were found solvent, it followed that Let me refer back to the statement confidence in the banks had to be re-| made about a badly over-banked con- stored. The mere physical act of| dition brought on by issuance of char- closing the banks by declaration of| ters without regard to the need for a banking holiday was not sufficient} new banks—with the consequent en- to, nor did it, restore that confidence.) trance into the banking field of in- The people were looking for a de-| experienced would-be bankers. finite program from the new admin-| To my mind the elimination of istration and that program was forth-| these two causes for bank failures coming. It is necessary to review only| was accomplished solely by the de- briefly some of the provisions of the} termination of a proper administra- “Banking Act of 1933,” which quickly | tive policy, and the sticking to it. restored to the people of the nation; It is the policy of the comptroller’s confidence in their banks, and almost office not to grant charters for na: entirely banished bank failures over) tional banks except where economic the country. necessity is apparent. The record of Most important of its provisions} new state bank charters would in- was the formation, or creation, of the| dicate that state banking commis- Federal Deposit Insurance corpora-| sioners are taking the same attitude. tion, through which deposits of banks,; It is a safe and sane policy to pur- on a specified basis, were insured. sue, a policy that will contribute much Another provision broadened pow-| to a more safe. sound banking struc- ers of the Federal Reserve banks to|ture in the hands of experienced enable the making of loans to mem-/ bankers, é Pe Banks, on soourities, HNOFEASSS| * % % and other sound assets, which prior! , Investments Safeguarded thereto had been ineligible for dis-| A word about investment securities. count. The attitude of this office has always Still another provision empowered been toward a conservative policy by banks to issue preferred stock, notes,| bankers in the matter of such invest- and debentures, and granted authority | ments, realizing just how important to the Reconstruction Finance cor-| this is from the standpoint of a sen- poration to purchase the same. Here,| sible investment of funds entrusted then, are three important contribu-/ to banks by depositors. tions to the program of safer banking:| Recent issuance of new and some- First, insurance of deposits. what more pointed regulations de- Second, a wider latitude on loans| signed to remove the speculative fei to member banks by the Federal Re-/ ure from such investments has been serve banks. well received. Third, the right by banks to issue; Today, as a result of the various preferred stock, notes, and debentures, measures taken by the present ad- and the purchase ministration, in the application of, capital structures of those which were in need of it. F 5 BES [ie se! a z a HEE ae average estimate made by Republicans ; poses Governor Landon with about 20,000;that Senator Norris may be beaten THE BISMARCK TRIBUNE, THURSDAY, OCTOBER 1, The Blowoff Dr, Brady will answer ques one Oey PA eae et ease or diagnos! Write letter’ Mee astbe 1 steak re of The Tribune, A: 1 quer: oh ae Beads of: self-addressed envelope. ONE SAYS To THE Hl * BUT ALSO THE GIANTS. WiLL WIN THE WORLD'S SERIES. Your Personal Health| By William Brody, alth but not dis- id Di ning to OTHER ONE, * NOT SERIOUS EREOR IN CARE OF BABY fed baby w ONLY WILL right soon: There pery itor but about this, Tm taling vou. I's you baby. ROOSEVELT BE This is a free couniry. Take my advice or take o e Y oe Sareyenee 's you give the baby, under any circumstance, is RE-ELECTED, SAYS HE, the oa ee Se te ees hey will have from then on, There simply “acid” inflict on your t any kind of laxative, physic, cathartic or ‘acid” you can baby ‘which is without a bee after-effect—binding. is armful in that respect. In practi ot diarrhea, because by hed ery it penny, copes 1 and then loc! e bowel 5 a But that it not the main reason why the sane parent will carefully avoid two or for several days, no dire poisoning Sines evil consequence. But the administration of any such medicine to a young infant seriously upsets the natural physiological automatic ee of the digestion in the whole length of the digestive tract and > the establishment of physic habit easy. Here is the way most victims of “con- Ms it way. mearran alee food is too weak, too much water and not cnough nutritive material (fat, carbohydrate, proteld) of course there will be » costive state. If the baby does not get enough vitamin B, as already explained in these harangues about the baby business, of course all the digestive processes will inefficient, Ee en want to thrive, to be well and happy and normal If you want your baby RESIST. THAT TMPULSE to give physic, enema or any other “aid” for the “action of the bowel.’ The peristaltic mechanism is a perfectly ad- justed physiological process and the first interference with it is equivalent to adjusting a new watch with a hair pin. ‘Breast fed babies usually have two or three soft, smooth, yellow, almost odorless stools a day. Bottle fed babies have one or two pasty, formed brown- ish or greenish, slightly malodorous stools daily. Only when the stools con- tain large lumps or curds or considerabe “slime” or mucus is the doctor's advice necessary. “Water, cream or fat, syrup, honey, fruit juices, cereal gruels, prunes and’ other fruits stewed or strained raw are laxative. Manufactured “infant foods’, tend to make the baby costi Even in acute diarrhea, “Cholera infantum” or summer complaint, in- stead of giving castor oil, give Aromatic Syrup of Rhubarb (also called Spiced Syrup of Rhubarb) in the same dose for the same purpose as castor oil. Twice a day offer the baby a drink of water—warm at first, after month or two cool water, between feedings. Just pure drinking water, witht noning pee If he does not take it, he is getting sufficient water in or with . QUESTIONS AND ANSWERS Meningitis Please suggest what antiseptic you recommend for spraying the nose or throat to prevent catching meningitis where the disease is epidemic? ,.. (Mrs, D. C. W.) Answer—I do not believe such spraying or gargling prevents such in-. fection. I do believe it is well to try to avoid being caught within conver-. sational spray range of any one purporting to have a “cold,” “grippe,” “flu,”. {“sore throat” or “distemper.” This is explained in booklet “Call it Cri,” copy of which will be sent if you ask for it and inclosg 10 cents and a “David Lawrence Omaha, Neb., Oct. 1—There is aj tc get 30,000 if they carried the state. |ing honest and sincere, but pointing out that Mr. Roosevelt will have a friendlier congress. There are also evi- dences that Mr. Landon’s speeches at Des Moines and Minneapolis on the farm problem have made a deep im- pression, winning him many friends in this state. But as between Mr. Landon and Mr. Roosevelt, the electoral vote is much in doubt. For the state is very | close, all the polls to the contrary, | @ notwithstanding, and until a larger number of straw ballots are sent out and answered from Nebraska, the placing of Nebraska at this time in either the Republican or Democratic column is not conclusive of an exist- ing trend. My own impression is that Governor Landon may squeeze|prevalent in some of the other sec- through here by a few thousand votes. | tions of the world to realize our for- | The Republicans are quite confi- |dent of what they will be able to do jin the next 30 days because they say ;the tide is their way. Certainly, the attendance at the political rallies addressed by Republicans is extra- ordinary and exceeds by far any- thing in recent years. Some of the meetings, for instance, which were iscarcely attended two years ago when Bob Simmons was campaigning for senator, are today ‘giving him three and four times the audiences, and he has been anti-New Deal almost from the beginning of the present admin- istration attempt to go beyond its emergency program to usurp govern- mental powers for permanent pur- S. Also it is interesting to learn here this year for re-election. His fortunes are closely tied up with Mr. Roose- velt's, For some reason never dis- closed, Mr. Norris declined to file in either the Republican or the Demo- cratic primaries, but was, nominated ky petition of 40,000 voters. His name, titerefore, no longer will appear un- der the Republican ticket, as has happened so many times before in his publi¢ career. On the Democratic ballot is the name of Terry Carpenter, who entered the Democratic primaries and won the nomination, Mr. Carpenter says Mr. Norris told him before the pri- maries that he would not file, and, § @ consequence, Mr. Carpenter felt free to enter the contest. Now Mr. Carpenter insists that Mr. Norris has gone back on his statement. In the Republican primaries, Rob- ert Simmons, former ‘member of con- gress and one of the ablest of Ne- braska’s public men, won the nomine ation for the senate. If Mr. Norris is defeated, it will be by Mr. Simmons. This is because a large straight ticket vote will go to Mr. Carpenter on the Democratic side!and all the Landon votes probably will go to Mr. Sim- mons. Mr. Norris may, therefore, find himself dividing the New Deal vote with Mr, Carpenter. The situation is somewhat compli- cated by the internal factional strug- gle in the Democratic party. Thus, Senator Burke, who is a Democrat, has announced that he cannot sup- port Mr. Carpenter, the regular nom- inee. Mr. Burke has made speeches that emphasize his independence of the New Deal and it is natural to find him opposed to Mr. Carpenter, who is considered a radical, Here we have therefore, a Demo- cratic United States senator lukewarm about many of the Roosevelt New Deal policies and out of sympathy with the regular Democratic nominee, and a Democratic organization, which has been fought by Mr. Norris, find- ing itself more or less committed by Mr. Roosevelt to help Mr. Norris. The Democratic state machine has long been dominated by Arthur Mul- len, who was floor manager for Mr. Roosevelt at the Democratic national convention of 1932, and who has been having various altercations with Mr. Ickes about legal fees. It is said that 'Mr. Mullen represents power compan- jes, which, to be sure, are the things Mr. Norris has spent a good deal of stamped envelope bearing your address, Ganglion ‘ Swelling between wrist bone and cord leading to thumb. Pains severely when I move thumb in certain position. Various clinics applied dry band- beter aca fodine, baking, no relief. Have had it six months... . ‘fe Answer—This is bey i. cine. MSs oe ganglion (weeping sinew) the cure. removal of sac under local anes! Why not consult « physician practices under his own name? u oP me Baby At last, after five years of marriage, which we feared was to be barren, we are blessed. We expect our baby in March, W = tude for re advice. ... (T. D. L.) 2 tee a iz masa es Answer- ve the lil stranger a break. Send te R dressed envelope for booklet “Preparing for peripeetingaa bette sia (Copyrigat, 1936, John F, Dille Co.) So They Say The motion picture is the coming evangelist of the world.—Rev. James ‘Tooker Ford, Hollywood, retired min- ister. * se ‘We have only to compare our hap- py state with the discord and alarm ‘© |tunate position.—Harry H. Woodring, | jacting secretary of war. Ce T've had a lot of ups and downs— mostly downs. So when a citizen hands me a hard-luck story, I’m all ears. I work on the theory that you'd better treat ‘em nice going up, be- cause you've got to meet ‘em com- ing down.—Victor A. Meyers, former band leader, now leutenant-governor of Washington, “Yes,” Brent said in a low tone, “but try to remember.” “I noticed one thing particu- larly. We—they,” she shuddered. “Her shoes were so tight. It was a little difficult—” “Donna, please! Was there any- thing else?” “Yes. Molly always liked the very best of everything. Naturally, you know. The silk slip she had on was different. Trimmed with lota of lace and the material was inexpensive. It must have been that ,Molly suddenly lost her sd. “No,” Brent said. “Molly's per- fectly sane.” Donna did not notice that he used the present tense. She said, “You loved her, Brent.” “Deeply, Donna. Ever since she was in high school. But I never told her. It didn’t seem fair until after her debut. I wanted her to have her fun, and not be swept on a dance floor,” Steve drawled. “So you think so!” the blond woman exclaimed angrily. “Hold your tongue, Winnie. What's the excitement about any- way? Just because the little girl makes her face all red and white + « » kinda cute-looking, 1 think +++ you throw a fit, You're play- ing the wrong card, Winnie. You should know better than to throw one of those jealous tantrums.” “Jealous! Who, me?” the woman. shrilled. “Jealous of her!” “ot her and every other skirt.” _, ‘Have it your way, Steve. Have it your way.” . . LL the violence had di x con A woman's mood ere med su utt and de : ly utterly weary lolly thought, with swii i- tion, “She really loves him ns “I don't want this little girl bulldozed any more,” Steve went A lich and Feeckless |= BEGIN HERE TODAY MOLL’ I po KORD, rich and ved sepesals ah e her his name is “N TAKER.” In realit; SON | FERGUSON. 5 for him at a re, Molly encounters her exact double. 7 exel her one. “Whittaker” ge. te ied “Krenehy’s.” Poo re is shooting er” in fatally reed EOLA BARLOW, the girl ‘s changed on re- lead girl tx the into marriage because of an early|on. “You understand i {Miltord. A mcmnes | romance.” nie?” me WBS Donna watched him drive away. Brent was taking this aw- fully hard. Driving rapidly, Brent found himself talking aloud. “The girl who killed herself wasn’t Molly. Molly sent me a message after that girl was dead. She's alive!” oe 8 HERE was something that Molly had.to do. She shud- dered a little as she took out the compact and lipstick that had be- longed to the dead girl. She brightened her lips up to a vulgar vividness, spread a crimson pow forehead chin. |never made ‘The door had opened quietly. |Steve that te 1, Frightened, Molly dropped the |license articles in her purse and turned. | fore But the masked woman's words “Sure, I understan ‘ways understand yor ae you don’t for, ie man walked away, his footsteps had died in the en tance, the woman whirled on Molly fiercely; “You win—just as the others have. I oughta be used to it by this time, but the woman isn't made who gets used to it.” Molly wanted to cry out, “You stupid woman. I couldn't be inter- ested in a man like that.” She boneehiiad role in time, ~ me wrong,” Molly said with feeling, “He’; band, fan't he?” oe’ 7OUr huse “Much good it docs me, It difference juart feat ig | You. Tal. \ ACK in the library, Brent turned the pages of the news- paper with shaking fingers. The report of Molly’s death had almost crowded the story of the bank robber from the front page. It was there, less conspicuously placed, and there was a line read- ing, “Picture on Page 2.” Brent studied the photograph of the young man the police had slain. There wasn’t a doubt of it. He was the same man who had danced with Molly that night at “The Red Poppy.” _ “It makes sense. It's a com- t found him- “It’s, got to i BEE z i | Hi ii E t | alder " 4 i i § i F FF i i