The Bismarck Tribune Newspaper, October 10, 1936, Page 3

& aa : THE STATE'S OLDEST NEWSPAPER “e (Established 1873) Gtate, City and County Official Newspaper Bismarck Tribune tmdepeséani Newspaper _ Bublished daily except Sunday by The Bismarck [ribune Company, Bis- marek, N. D. and entereé at the postoffice at Bismarck as second class mall Mrs. Stella 1. Mann President and Publisher Kenneth W Simons Sec'y-Treas and Editor Archie O. Johnson Vice pres. and wen'l. Manaser Subscription Rates Payable in Advance Daily by mail per year (in Bismarck) . 1:20 Dally by mail per year (in state cutaide of Bismarck). 6.00 Datiy by mat) outside of North Dekote .. . 6.00 ‘Weekly by mai) tn state, per year ..... 1.00 Weekly by mail outside of North Dakota, per year . 150 Weekly by mail in Canada, per year 2.00 Member of Audit Bureau of Circulation Member of The Associated Press fe exclusively entitled to the use for republica- 8 credited to 1t or not otherwise credited in this news of spontaneous origin all other matter herein are . The Real Question No politician gets a bigger cheer than the one who advo- cates lowering the interest rates. In fact, whenever they have no other issues, politicians are quite likely to take a whirl with this old standby. : On the same principle cheap vaudeville actors used to whip out the flag and give it a wave at the conclusion of their act to insure a parting bit of applause. But the action filed by the Catholic Order of Foresters in district court Friday shows there are two sides to this question ‘and that reduction of interest rates beyond a certain point will be a distinct handicap, not only to industry and commerce as we know it, but to our entire systgn of government. * There are just two major kinds of government, CAPITAL- ISM AND COMMUNISM. There are many varieties of each kind but those are the basic principles. And the capitalistic system is based upon interest. . To many persons that is an ugly word. It calls up visions of toil to pay a debt, of handicaps to spending for the comforts of life, of a burden which to many has seemed implacable. But to others it means surcease from toil. It means that the rewards of productive years can be made to provide for old age. It means security and contentment for those who have earned it, But over and beyond the personal considerations which make of interest a matter of Dr. Jekyll and Mr. Hyde, it has an important effect upon business, as the suit of the insurance order against the state of North Dakota eloquently testifies. For the rate of interest the insurance firm is to receive on its money is the primary question. If it could reinvest the money from North Dakota bonds at the same rate of interest and in securities just as safe, no lawsuit would be filed. There would be no objection to the state calling its bonds. : But the plain fact is that neither the Order of Forester nor any other organization can find such investments. The money paid to it by the state, if and when the bonds are retired; must either lie idle or go into something else which will yield a much lower return. At first blush that is no cause for worry to anyone who has nothing to invest, but that is true only on the surface. For interest is important to every man who owns an insur- ance policy, no matter what the form of the company issuing it. A part of the cost of insurance is defrayed by interest collec- tions from the money of policy holders which has been loaned by the company. The less interest a company collects, the higher its premium rates go. Interest also is important to every man who, wishing to retire from the farm or from business, turns his holdings into cash and decides to spend the remaining years of his life in comfort. If he has enough, under present conditions, he can live on the interest alone. If he has less, the interest prevents his capital from being reduced so rapidly that he must hurry to the grave to avoid dying a pauper. It was consideration of these facts which caused the nation to rise up and defeat the Frazier-Lemke bill, which would have reduced the interest rate on loans for farms and homes to one- half of one per cent. That would have destroyed our present form of government faster than an army of Bolsheviks possibly could do. This is not to say that interest rates are either too high or too low. It merely calls attention to the fact that interest is one of the basic things in our civilization and that reduction beyond a certain point cannot but be injurious to the system which we have practiced in the past and under which, on the| whole, we have prospered. Aviation Still Advancing Do not be surprised if, within the next few years, the man who invites a friend to take an airplane ride drives up in front of his friend’s house in the plane ‘itself, takes the shortest road to the nearest open field and then, after a quick adjustment of hig queer-looking automobile, hops off on a flight. This isn’t a figment of the imagination because IT HAS BEEN DONE. The first flight in such a contraption was taken recently when a two-place autogiro plane landed in a small Washington park. The rotors were folded back over the fuselage and the machine driven to the department of commerce building just as though it were an automobile. Later it was driven to a small open space, the rotors put back in place and the plane flown to a nearby aviation field. The plane is one of six experimental craft manufactured by various companies for the bureau of air commerce and con- stitutes what may be a long step toward popular: acceptance of the aircraft as a medium of private transportation. Even if airplanes were sufficiently developed so that the average man could have confidence in driving them, they would still lack the flexibility which the automobile boasts. Anyone flying from Bismarck to Fargo, for example, would have to obtain transportation to the airport here and from the Fargo sirport to that city at some expense in both time and money. The new machine will solve this problem. Many other difficulties must be ironed out before the fam- ly sirvlane will become as common as the family car but the! @nswers are being found one by one and we may yet see air- lanes as common as automobiles. rs have been killed in China, and Japan demands S Dippan's moto seuma wo be, “on \pper and lower bet fora tooth!” Behind the Scenes The Campaign Scramble to Claim Credit for Crop Insurance Has Its Comic Side... Bill Bullitt at First Talked Roose- velt Out of It... Fight Over ae 7d By RODNEY DUTCHER Tribune Washington Coi Washington, Oct. 10.—That more or less comic episode wherein Landon end Roosevelt scrambled to get credit for original espousal of crop insur- ance has some previously undisclosed background. You will recall that on Sunday, Sept. 20, Roosevelt appointed a com- mittee to study crop insurance. The next day Landon hastened to an- nounce, and, to prove it, gave out two paragraphs of the speech he was to make in Des Moines the following night. Well, just to show you the way things go, Roosevelt some three weeks previously had decided to come out for crop insurance—or for a study of it-in the “fireside talk” he delivered the night of Sept. 6. He changed his mind. Nearly all the notable New Dealers, it seems, were in on the writing of that talk. Everybody had ideas. At one time the speech was to be mostly about unemployment. At least one “final draft” was torn up and com- pletely replaced. c x * OK Bullitt Fights Down Plan Among the conferees was Ambas- sador Bill Bullitt—formerly to Russia, now to France. Bullitt talked crop in- surance right out of the speech. He argued that it was just another half- baked idea that wouldn’t work. Roosevelt dropped it—for a while. Why he picked it up again isn’t cer- tain. Republicans think the Democratic espionage service, which seems to be at least as good as the G. O, P.’s, re- ported that Landon would endorse it in Des Moines. Or it may be that Secretary Wallace, who has been in- terested in crop insurance since 1922, firslly talked the president into it. It's a fact, however, that various New Dealers—outside the Department of Agriculture and AAA, where of- ficlals seem to be increasingly en- tranced by the proposal—agree with Bullitt. And the idea of such a whole- sale federal venture into the insurance business seems equally wild-eyed to conservative eastern interests which hope to influence government policy if Landon is elected. * % Fear Political Pressure Since different wheat, corn, and cotton areas would pay different premiums, it is argued that political pressure for premium rate changes would become so great as to prevent operation on a purely actuarial basis. This appears to present one of the most difficult problems, but govern- ment agricultural experts in both Re- publican and Democratic administra- tions have studied the proposal more than anyone else and seem to think they can avoid political complica- tions. * 8. Eastman Refuses Ship Job Roosevelt appointed three men to the Maritime Authority, which will operate the new merchant marine act —but to serve only on a temporary basis. His intention of naming a full five- man permanent commission was given up temporarily when Interstate Com- merce Commissioner Joseph B. East- man, former co-ordinator of trans- portation, definitely refused to be chairman of the authority. Whether Eastman preferred to stay with the ICC because : of a greater knowledge of and affection for rail- roads is not known. Some of his friends feel he deplored Roosevelt's failure to insist that his term as co- ordinator be extended, despite op- position of railroads and railroad bor—which joined together in a “public-be-damned” attitude. Roosevelt preferred not to antagon- ize railroad labor by fighting for Eastman to the bitter end. * * * Fight Over Board Goes On The battle between shipping inter- ests and liberals who want a com- mission representing the public rather than the industry still goes on. Roose- velt passed up some important cam- paign contributions when he refused to accede to demands of the former. It will be interesting to see whether even Vincent Astor, the multimillion- aire who has shipping investments and was formerly considered a close per- sonal friend of the president, will “kick in” for the Democratic war chest this year. Ship owners, if they know about Eastman, presumably are pleased to know of his refusal. In a survey of coastwise and inland shipping, East- man has severely criticized wages, la- bor policies, and working conditions. (Copyright, 1936, NEA Service, Inc.) BIT OF HUMOR NOW AND THEN {S RELISHED BY THE BEST OF MEN The landlord called for his rent, which was many weeks overdue. “Tam sorry said the tenant, “but I can't you this week.” “But you said that last week, and sev- eral weeks before that.” “Yes, and didn’t I keep my word?” Plunkett—Were you surprised when you got the nomination? Conroy — I'll say. My acceptance speech nearly fell out of my hand. lst Kangaroo — Annabelle, where's the baby? 2nd —My goodness, I've had my pocket picked! “By the way, cutie, could I interest a3 i: ¢ second-hand car?” 'S the trouble with you wom- en; you're always saying no.” “Hub! That's no trouble at all.” “Just burned s hundred-bill.” acon! You must be, a million- “Well, it's easier to burn ‘em than. to pay om.” \ |tract whereby the TVA has under- Looking at the Campaign Knoxville, Tenn., Oct. dent Roosevelt is at the cross-roads of his public career—shall he encourage the evirtual confiscation of private property and put the government into! further competition with private in- dustry, as the Socialist would have him do, or shall he cooperate with private industry for the proper de- velopment of natural resources? This is the question which was at the root of the recent conference at the White House of power company executives, financiers, two directors and members of the economic plan- ning boards of the government. Returning participants have told the story of the now famous conference to their friends, and the story is spreading through the valley. Summed up, here are the high spots: 1, President Roosevelt is attempt- ing to get an agreement upon a tem- porary extension of the present con- taken for a limited period to refrain from competition with or invasion of the territory of the private power companies. 2. The TVA sought to persuade the power companies to drop their litiga- tion, but the power companies flatly 1efused, declaring that they would not sacrifice their constitutional rights. 3. Emphasis by the administration on a short term agreement to last just a few months beyond the Novem- ber election has led to the impression that the president wished to have a public statement made before election which would indicate he was “con- servative” because of his effort to reach some form of accord with the power companies, The brief period of the agreement would not prevent him from doing what he pleased shortly after the November election in the event that he is re-elected. The President revealed to his vis- itors a deep concern over what should be said to the press after the recent conference at the White House, and went so far, it is reported, as to in- dicate the words and phrases that should be used so as to give the public the idea that an understanding of some kind was in process which would represent benefits to investors in se- curities of power companies. No ac- tual agreement was reached at the conference on anything fundamental. It was merely decided to give “further study” only to the question of pooling “David Lawrence 10.—Presi-| self entirely to flood control or navi- gation improvement, it couldn’t get all the power it wants to generate for the so-called .power needs of the area. Thus, the TVA report to congress last March says: “A storage dam on a tributary in itself has little value for power pur- poses when it is operated in the pri- mary interest of navigation and flood control.” In other words, to control floods and improve navigation, dams: ere built. When the dams are built, the sur- Plus power has to be sold. To sell the power, a continuous sup- ply is necessary. To get a continuous supply, tribu- taries of the rivers have to be de- veloped so that prime power will be available in dry as well as flush sea= sons. To accomplish continuity of flow, an integrated power system has to be con- structed. To sell the power emanating from to be built so as to convey the power to market. To get a market for the power, mu- nicipalities have to be persuaded to| make war on private power companies | and threaten to build competing dis- tribution systems, which, of course, means ruin to the investors in the pri- vate power companies. To help the municipalities, the Roosevelt administration, by execu- | tive order through the PWA, can lend the funds to drive the power compan- ies out of business. . To prevent such a contingency from government and the power compan- ies while litigation to determine con- stitutional rights proceeds. ensues. If the government can lend power company in jeopardy, it can do so for any other social purpose it de- sires, Such a program of public ownership, or what Norman Thomas, in describing the TVA, has spoken of as the nearest thing to socialism which the Roosevelt regime has un- dertaken, arouses constitutional Dem- ocrats, especially in the southland. Then when the conservative ele- ments show signs of rebellion, con- ferences are called to appease their | transmission lines—not power re- sources. Meanwhile, the truce was to be extended a few months. - Actually what has developed is a fundamental difference of opinion as to the function of the federal gov- ernment, and no amount of confer- ences will settle this until the courts do it. There can be temporary agree- ments and debate in congress as to appropriations for further construc- tion, but the right of the federal gov- ernment to build dams, supposedly for flood control and navigation, but act- ually to set up the federal govern- ment in the power business, is some- thing which the recent opinion by the point of view. (oer { SIDE GLANCES. - “This isn't. worth the effort. money to put investments of a private |has we can allord a nurseinuid or a caddy.” But what's going on in Knoxville and vicinity shows clearly the gen- eral direction of the administration. There have been, of course, conflict- ing viewpoints even here. One is that Mr. Roosevelt is being pushed by the extremists in his own camp and that he seized upon the so-called “grid” idea of pooling transmission lines as an excellent way to extricate himself from the difficulty. The other view is that he intends to keep the matter frfom reaching the boiling point dur- ing the campaign and that he in- tends to continue building dams and transmission lines and passing the buck to the cities on the theory that they are assuming the initiative in the drive for cheaper power. y The owners of the securities in ex- isting companies are up against a de- gree ofe uncertainty which today is preventing these concerns from refi- nancing and thus getting lower rates of interest that can represent real Savings to the consumer. Will the Roosevelt regime give them a defi- such a system, transmission lines have | Hite assurance as to what future pol- icy is to be, so the uncertainty may end? If Mr. Roosevelt will indicate that he wants to go ahead and build a power system ad encourage competi- tion with private companies, the lat- ter companies are seriously planning to offer to sell all their properties to the government and get out from un- der, salvaging as much as possible for their investors. If Mr. Roosevelt is ready to pro- tect private property against confis- cation and will keep the TVA to a flood control or navigation experi- reaching a climax too soon and break ; ment and will forbid his lieutenants tp down security values, temporary agree- |high-pressure local communities into ments are made between the federal |buying power or building distribution systems with federal loans, a com- promise can be reached whereby big savings to users of electricity in both But meanwhile a national election | urban and rural areas may be made. Politically, the TVA construction been of doubtful value, for, strangely enough, Knoxville ad vicin- ity went heavily Republican in the last county elections, a clean gweep havihg been achieved by the Republi- cans for the first time in many years. Merchants and business men, of course, who have benefited by the stimulus given trade:here by the TVA, are grateful to the administration, but it is significant to note that the Re- publicans are more confident than they have been in years of rolling up @ good-sized majority in eastern Ten- - By George Clark | ohn ee ee eee c wre comes errs o oc ooosccroroocooos) me We shotld give up golf Your Personal Health Stamped: sal to hold the head erect when the trunk is supported; at sit erect without support for a minute or two, At nine or ten months he tries to get on his feet, but not until 18 or 14 months can he take a few tottering steps on his own, Do not discourage these voluntary efforts; on the other hand, do not try to coax the baby to walk and never use a “walker” or any mechanical gadget cal-” Some healthy infants walk only when they are fifteen or sixteen months old. The common explanation of delayed walk- ing is rickets. Then She Talks Girl babies begin talking two or three months earlier than boys and manage to have the last word too. Any baby a year old should begin to say papa and mamma, and in the second year gradually learns to speak short sentences. Cross-Eyed All young infants look cross-eyed at times. Control of the eyes and ability to focus properly on an object comes at the age of two or three months. Don’t hang dangling toys over the baby’s crib or carriage before the baby is six months old. QUESTIONS AND ANSWERS Prostatic Obstruction We have continued to enjoy success with: the transurethral electric reserction of prostate glands and have not found it necessary to do an open operation in more than four years.... (O. F. E.. M.D.) Answer—For the benefit of men past middle age who are in the early stages of prostatic obstruction, Dr. E., is a leading urologist. Medicine marches on! Men who are beginning to be bladder conscious, send stamped addressed envelope for monograph. Good hygiene may prevent considerable trouble, but will not help you much if you procrastinate. This modern im- ovement, transurethral resection, is a godsend for sufferers from prostatic ckstruction who do not postpone too long proper treatment. D bor ry Lal ‘Will a woman be able to bear a child after the water sac has been burst, ky a fall? ... (Mrs. W. 0.) Answer—When the sac or bag of water breaks before the first stage of jabor is completed, the confinement is likely to be more prolonged; but a living baby is the usual reward. Green Book Let me tell you the effect of your little green book on me. On first read- ing I was shocked and hurt and concluded you were # callous individual . . later I picked it up and somehow .. . finally learned that you were quite right. I am deeply grateful. ... (Miss L. L. H.) Answer—Are you @ Class A or a Class B neurotic? Send ten cents and stamped addressed envelope for copy of green book. We Sinew Ten year old daughter has weeping sinew on back of wrist. Our doctor said leave it alone and it will go away in time. But it has not done so, We are told it will have to be operated on. Tried keeping it taped, but no re- sults except to make hand sore. (G. McG.) Answer—The lump may be readily removed, sac and all, by dissection under local anesthesia, Nothing Jess is worth while, Ancient way. was to rupture sac by sharp tap on lump with back of book, then keep it jpress- ed with suitable pad and bandage for week. Sometimes this seemed to work, I had one for ten years. Never got up grit to bring it to book. Eventually it disappeared. Mine was not larger than an almond, but some- times it ached like a melon. Food and Health 1, Is lettuce essential in one’s daily diet? Is lettuce a source of vita- mins? 2. Have eggs less food value when fried? Are they less digestible than when cooked in other ways? 3. Does peeling potatoes destroy or remove anything of nutritive value? . . . (H. P.) (Copyright, 1936, John F. Dille Co.) nessee, which is the Republican sec-| It will take years of tion of the state. work and a couple presidential elec- Undobutedly, if an agreement can /|tions with landslides for the public be reached whereby the power prob-jownership school of thought to win lem for this region is solved,’some jover the people in the south to the really prosperous times lie ahead. But | principle of state socialism. The gen- government intervention to the point |eral hope is that eventually—perhaps of killing private initiative or private |in a couple years—a compromise will opportunity on the excuse of “con-|be reached whereby the power will be servation of resources” does not sit|/ceveloped on equitable terms for all, well with the southern Democrat, who|but the motivating force in such an has always been at heart a believer in| accord probably will be the definition ithe private initiative and private prop-|of constitutional rights by the su- erty idea. preme court of the United States. cuiated to make the baby walk. | Pioneer Flyer, HORIZONTAL Answer to Previous Puzzie 16 a flew the 1 5 Record- A STETE y glish —— making RANGE 5 PIEIRIKTTINIS) in 1909. avi IR| [O/PIEISMM I ICIE} tater PMESIAITIESMENIOISE] IpGrin {1 To peruse. {C 5 Dry RIAITIE! FRANESICIRIEIPIE! 20Spike. a Teeter < ae ead s 31 To Decome sound Ne NS TEIWIETRIS] bankrupt vi = 33 To jog. 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