The Bismarck Tribune Newspaper, April 2, 1937, Page 2

AND PRINPAL Not OT BY LEMKE Act “States Attorneys Warned to Be ‘on Lookout for ‘Racke- teers’ in State ‘The Frazier-Lemke act “merely” sextends the time for payment of mortgages and does not reduce prin- cipal and interest, Tax Commissioner J. K. Murray told a conference of North Dakota attorneys and state of- ficials here Friday. Murray, Attorney General P. O. Sathre and Charles A. Verret, assist- ant attorney general, led the infor- mal study of the new act to put the measure into operation in this state. ; . Sathe said provision is made so the Gebtor can make arrangements for scalng down of debts. Explaining the new act amends that portion of the prior Frazier-Lemke act held unconstitutional and both ‘amend the bankruptcy act, Murray said a three year moratorium is es- tablished upon application. During the three years the prop- erty is under the jurisdiction of the federal judge who handles it through ®@ conciliatory commissioner, The applicant must pay taxes and make semi-annual rent payments to be fixed by the federal judge. “The law extends time of mortgage payment but does not cut the interest rate or principal,” Murray continued. “A farmer files a petition for compo- sition and if 50 per cent of the credi- tors join, he is cleared when he pays the agreed amount. “If the application is not granted he may go through bankruptcy,” Murray said. “After three years the mortgagee has the power to apply’ for -® public auction of the property and the mortgagee or lien holder may bid in at the sale.” Murray urged state's attorneys to “be alert for redctioners” who, he said, may attempt to obtain “high fees on a false statement that all their debts would be cancelled.” a WEATHER FORECAST For Bismarck and vicinity: Un- settled aa? and Saturday; snow probable; little change in tempera- ture, For North Dakota: Unsettled to- night and Sagurday; snow probable; not quite so cold northeast pértion tonight, “ae For South Dilkdta: Cloudy tonight and Seturda: Bad probable; little rgtur now or rain | to- day; little change in Pek G= il os ss i an FOUL a= fl 48 Taken Into Custody After Officers Rout Sitdowners _ With Tear Gas Aol Comerntes Face Expulsion in Rumania Bucharest, Rumania, Apr. 2—(#)— TGV WAR VETERAN << SDEAD AT MANDAN | Military Services for John -S. Bartram, 89, Set for Sun- : day Afternoon a ef ri abe ageiie ‘in the merriest ‘of spring- _ tpn time pictures! was discharged from active service t. 25, 1864, ma died Thursday at his home at Mandan, where he had resided for the past 22 years. Mr, Bartram was at Liverpool, Eng pean tin as a , 1 years and was tributed | to complications of old age. He leaves four daughters Mary Bar- tram and Mrs. Daisy Glander, both of Mandan; Mrs. Sidney Buchanan, Meld per, Wyo., and ‘Mrs Harry Shadwi ‘ Buffalo, Mo.; and five sons, John of Oshkosh, Wis.; Guy of Casper, wee Bert of Kansas City, Mo.; Louis 4 Seattle, Wash. and Walter of Eag) Creek, Ce being escaped the Custet ecage, ‘but one horse did, and on its death it was stuffed and monn ee ‘The mount is now exhibited at For' Riley, Kans. TODAY and SATURDAY 50,000 MURDERERS 4 I | | Se ee ies “To go into the proceeding the ap- plicant pays @ $10 fee and no lawyer is needed becauss the conciliator| f, serves for the petitioner,” Murray de- clared. “The law amounts to a mor- atorium for three years.” CONTINU Long-Threatened Walkout Starts Without Fanfare Versary of the eight-hour day was| ” “observed. i t As the miners celebrated, the man they honored—John L. Lewis, bushy- browed president of the UMW, one of sthe largest and most powerful labor ‘organizations a—Cloudy tonight and bly snow fn south and Uttle’ change in LEGION Bi HUMPHREY BOGART DICK FORAN ERIN O BRIEN MOORE ANN SHERIDAN RT BARRAT lint Joseph RATHI! The barometrit over the nor! CARTOON Rel toreign dollar bonds’ dropped from NEWS spoke. Lf eaees in’ 1835 to $175,000,000 in MAJOR BOWES’ ‘ Police Investigating the toreh mur- bel Sutton (abeve) of New Castle, ind, sought two: | into men with whom ehe was reperted seen a few days before her burned imum wage mt, | and mutilated body was found Ih the | and nariufactured gas with 2918234. Washington minimum wage law and woedo naar the city, (Ansolated court decision up- |. DRVERS UCN Eee Se n= | STATE, Theatre || PARAMOUNT ||P] Sunday - Monday - Tuesday fe ‘nally the negotiators | misMARCK, clay. Talled it a day to meet again at 12:90 | Beach, an as . m., jay. ¥ ~"Lewls sald the operators had ssked| Cioeyjec°2: 07 ‘tor “more time.” = ‘Weeks of negotiation since Feb. 17 Gi r 2:30-7- cag, court , Bae Fe es ma, cpu Sa me DOLORES DEL RID || “tyrone powsn Kapolion a i Don AMECHE Wishek, cl x : t ay “Love Is News” (Spring is here—wake up and ; love!) Yd : PONEOD Weirton sas - Coming Sunday ‘The entertainment news of the season! This thrilling threesome. rf E 2 > a? Tand 9 P. M. — 1¢c and Sle (removal of rock, etc.) with time and one-half for all overtime, PI Les representative of the United Mine pees ot America, said North Da- mines were being operated “Friday despite strike of the UMW in ‘other coal fields. Keep Bismarck the Best Managed and the Fastest Growing City In North Dakota PLAY SAFE, VOTE FOR AND RE-ELECT Lot ne Fry ce) a. Cl » | Phoenix, “SIDEGLANCES - .- By George Clark | eee cc cccrocroso crc cmcorocs cnccrssobsposoroccoorn) | For President < (By the Ai ted Press) ‘ — i ae Sh 1889, 20.10." ls , p : ( Bel Inc 8h 5.63 No. ‘ ; Kans. A p h : { Superstition holds it to be « har- a 14 we : ps Ord ‘ @ : ei ar ‘binger Kf Pe 1 hares the: threshold bythe ALLUSe <r eek PEACOCK ALLEY. s @ sn L a “carried across the threshold by the bridegroom, as they enter their home Aor the first time. ‘Only 11 of the 48 states hae ni “provision for drivers’ license laws. VISIT THE GLASS BRICK FRONT, THE FIRST TO BE “INSTALLED IN NORTH DA- KOTA. Paul A. Wachter (x) | For Commissioner ELECTION, APRILG a (Political Advertisement) Be Particular About . BREAD — ORDER ‘ FAMILY LOAF Furnished Apartment cstrigerates, Sew Ritthon eabtacte, water aud’ cy hast Yaraiane, Firopreet building. pore. 1947 BY SEA ogaviCa. fi t “If only 1} hadn't spent all that money en my daughter’ . She would he doing fine vs a cok, now, ine stead of always looking for a job in an office.” “ -