The Bismarck Tribune Newspaper, May 26, 1937, Page 7

POR INVESTORS 1S ROOSEVELT'S AIM Reorganizations Under Act of - Bankruptcy Need Medi- ‘ cine, He Asserts Equally Adamant, Baldwin Fin- ally Forces Edward to Ab- dicate His Throne Editor's Note—This is the thira of a series of stories on the ro- mance of formér King Edward VIII and the American-born Mrs. ad Tues: increased protection for investors reorganize Wallis Warfield. 4 under the Chairman Sumners the house judiciaty ittee and Chairman Lea (Dem.- pt in the dark by a of the great London dailies, now! heard for the first time that their king was in love—and that the throne of empire was endangered. On Dec. 3, the news broke about their heads like ‘a titanic clap of thunder. In’ Fleet street, the roared at top speed, splashing every avail- able detail about the constitutional crisis and about the virtually unknown Mrs, Wallis Warfield Simpson. Newsboys actually shouted their wares, full-throated, in the American way. This is seldom done in London, placards being used. Editions sold like hot cakes. x ; But the facts were still obscure. Baldwin Evasive Pressed for a full explanation, beetie~-browed Prime Minister Stanley Fein informed parliament that it as “inexpedient” for him to be ques- toned at this time. Acting~alone, on his own respon- sibility, Baldwin had not even taken the British ‘cabinet into his confi- dence. ~ On Dec. 2, Edward had gone into seclusion at Fort Belvidere, 30 miles outside London. And for eight days, while London and the world awaited breathlessly, the 42-year-old bachelor monarch struggled to reach a decision between the dictates of his heart and his duty to empire. ithe open which he referred ME understand that the Bil you i troduced is addressed to these ob- Jectives. Certainly they are objec- tives which deservedly require legis- lature attention.” nesday to have suffered “considerable damage” when struck by bombs from it during a raid on WORE PROTECTION Pretaies Handles Crisis Love Made} Three ways lay 1. Give up his Tov neve ‘and keep the throne. 2. Refuse to accept Baldwin's “ultimatum,” exact his resignation and let the nation decide by a general election. 3. Abdicate. - Basically, perhaps, the clash arose from profound differences between insurgent airplanes the Mediterranean city of Almeria. WAKE UP YOUR LIVER BILE— Vite Cleat eres Out of ela the *cil gusta” nd the new aint bpecty eget “When I am king,” Edward once Bin tave yous bowels aan x oo R'jestdeesrs fot J. W. CALNAN Funeral Home Phone 22 208. Matn Ave. Bismarck, N. D. THE QUALITY CAR IN THE LOW-PRICE FIELD! invited to see sod drive America’s most modern low- said, as Prince of Wales, “I shall be SVE: ne tnststed, above all, on lead- life. | Wedgwood, the labor leader, insisted that Baldwin was trying to “raflroad” Edward into abdicating. At the height of the crisis, Mrs. i fled secretly across the channel by night, arriving at Rouen, France, in the dark morning hours of and speeding by a zig-zag Tout ross France—to the villa Lou Biei on the Cote d’Azur, where she took refuge with her friends, Mr. and Mrs. Herman L. Rogers of New York. On the fateful 10th, the historic date of Edward’s abdication, Baldwin revealed to the house of commons that Edward had told him, as early as Nov. 16: “I am going to marry Mrs. Simpson, and I am prepared to go.” On the eve! of Dec. 11, no longer king-emperor, Edward ah ‘Windsor bade farewell to his Then, in the mist-shrouded night, he embarked on the destroyer Fury and set forth to the open sea—to exile and then to journey’s end on the twentieth century's most dramatic “royal road to romance.” Thursday—Baldwin wins again. Elevator Manager Is Sought as Embezzler Moorhead, Minn., May 26.—(®)— Clay county authorities Wednesday launched # search for a 45-year-old manager of a co-operative elevator and father of six children who is al- leged to have embezzled $3,709.71 and fled to Minneapolis. He is Theodore N. Olson, manager of the Hawley Farmers Co-operative Elevator com- pany since 1929. A warrant was issued Tuesday by County Attorney James‘A. Garrity on complaint of H. T. Wamre, president of the elevator company, who reported Uncle Sam’s Her Leading Man Francisea Gaal's pensive pose here’ can’t mean that she is longing for her native Budapest, because she has signified her in- tention of becoming an Ameri- can citizen. From her first act- ing experience in Hungary, she stepped into major roles in Ger- man films and now has the> feminine lead opposite Fredric March in “The Buccaneer.” Correct Spelling of ‘Plebeian’ Decisive Washington, May %6.—()—The correct spelling of “plebelan,” gave Waneeta Beckley, 14-year-old Louis- ville, Ky., girl, the national aie ead championship and $500 Tuesda: Waneeta spelled the word after her finalist opponent, seen Grunstra, tiny 12-year-old, ‘pound Clifton, N. J., girl, spelled it “plebean.” Waneeta then spelled “promiscuous” for good measure and was declared winner of the contest, which is spon- sored by daily newspapers in the na- tion’s elementary and junior high Is, an audit of books revealed the short-| schoo! age. HOLC HAMPERED ‘Washington, May 26.—()—Chair- man John H. Fahey of the Home Own- ers Loan corporation told congress Tuesday that congressmen and “pro- fessional organizers” who advocate re- cuection of interest on HOLC mort- gages are having an adverse effect upon HOLE collections. i less haodling—of roadsbility that has won a fame all its own on America’s PRESIDENT TO RESIGN Bogota, Colombia, May 26.—()— President Alfonso Lopez, who has held office less than three years, announced Tuesday he would resign in a govern- mental crisis apparently precipitated by the congress’ rejection of a govern- ment plan to establish Colombia's Gevalued peso at a parity of 175 to the dollar. price car. highways. | V-B engines—smooth, quiet and seepqusive To look over clean new besuty ofs To sit back in 2 Center-Poise ride— | : . kind you'll be seeing more and more. relaxed in roomy comfort—cradied | _ erates epemling commons 18 Feet ee. To learn st first baod how much gedtly between the axles. + Baloty of all-ctecl-on-stec! construction ™Od@rn V-8 power-does for you. Come and get acquainted with ¢ cer ; bs e LE Socces ssikcaaise ele geome. * that’s modern in looks and modern in GTP eae 2 ee pe oclphenegar ted pyre ropa Z i , fast and in theie stops, soft to buy—: : , : bade eee en pliom et aod oe car in the low-price field! Oviedo large eompartenie onal edane _ "To get the “fee!” of a Ford's efort- SEE YOUR FORD DEALER TODAY 81 models, with a wide solection of eolers $25 A MONTH afer oral dows, Ford V-8 throu; Feud Piaasze Plans of Ucivernal Credic Co. FORD V- The Brilliant “85” The Thrifty “60” 122 First Street UNIVERSAL MOTOR COMPANY Authorized Dealer for Ford, Lincoin and Lincoin-Zephyr in Bismarck Telephone 981 RRA ADDS FA TO CUT DOWN DEBT Nearly $2,000,000 Wiped Off By Bringing Debtor, Creditor Together (Editor's Note—This is the third of a series on Activities of the North Dakota Rural Resettlement ,administration under direction of Howard Wood.) Nearly $2,000,000 in “bad” farm debts. have been rubbed off creditors’ lists through the farm debt adjustment division of the Rural Resettlement ad- mirtistration since,its inception nearly two years ago. The. entire debt adjustment pro- gram is based upon analysis of the farm plan with capacity to pay by checking assets and liabilities of each casé against what the farm can pro- duce, O. Leonard Orvedal, state farm debt adjustment supervisor, said Wed- nesday. When a farmer needs capital goods and equipment to operate and owes more money than the farm can carry, Orvedal explained, debts are adjusted to bring them within the ability to e attitude of creditors in scaling down debts has been generally very good,” he asserted. “The majority are willing to take their losses in hope their. constituents can get back on their feet and once again re-establish sound community credit. We are finding few cases of bankruptcy in this program.” Orvedal said his office works through county supervisors who head debt adjustment boards, established by law in North Dakota. In other states such boards are appointed by Resettlement officials, “We are asking creditors to give the debt-burdened farmer five years to pay,” he said, asserting, “Loans are made on the basis of farm ability to Security is important, he said, but. if we loan on security and later take the security the farmer is crippled ind soon becomes inoperable. Refi- nancing of these cases has been done! by the federal land bank, Resettle- ment, production credit association and local banks. “Farm debt adjustments are not limited to Resettlement clients but to aid all farmers to get out of the woods,” he said. “We figure what the farm can produce, against living, operating, machines, taxes and re- pairs to find out how much is left to pay old debts before these obligations are scaled down.” ersging Jess than 15 miles an hour against a THE BISMARCK TRIBUNE. WEDNESDAY, MAY 26, 1987_ Four Cruisers Still Buck River Currents Glasgow, Mo., May 26.—(#)—Four cruisers in the St. Louis-Fort Benton, Mont., race resumed their struggle against the currents of the Missour! river Wednesday. The contestants, who spent the night here, left at 5 a. m. hoping to reach Kansas City by Thursday morning. The cruiser Glasgow was in the lead with an elapsed time of 19 hours 48 minutes. The City of Malta was only four minutes behind. The Fort Benton was third, with 19 hours, 54 ity of Great Falls, fourth, with 20 hours 26 minutées. The racers have been a’ six-mile current. Mott Boy Scouts Win Camporeeno Contest New Leipzig, N. D. | My 26.—&coring | @ total of 74 points, Mott's Boy Scouts won the camporeeno* contest held near here last week at which 15 Scouters and 75 Scouts from five towns were in attendance. O. D. Sprecher, New Leipzig, was | in general charge of the events for | @ day, during which a court of honor was also held. Towns represented were New Leipzig, Bentley, Burt, Mott and New England, the last named delegation driving nearly 60 miles to take part. Camporeeno contests began in the afternoon and continued until sup- per, after which the court of honor was held. Olgar Oleon, chairman of the advancement committee, was in charge of the court of honor. Sharing in the court of honor pro- gram were Father Seiler of Mott, Judson Gaige, New England, who spoke, Dr. Hamilton and Mr. Will of New Leipzig, who made the awards, and Arlie Dahl, Cannon Ball Scout commissioner, Seventeen first and second class advancements and 30 merit badges were awarded. Trailing Mott in the camporeeno were New Leipzig, with 64% points; Bentley, with 44; New England, with 39%, and Burt, with 36, HELD FOR TRIAL Minneapolis, May 26—(#)—Steve Rodack, accused of the attack and beating of Mrs. Virginia Rosner, ‘waived examination on an assault charge in municipal court Tuesday and was held for district court with bail increased from $10,000 to $20,000. | Trusteeships Scored By Company Attorney, Washington, May 26—(7)—¥. A. 0, Schwarz, attorney for the nation’s largest trust company, told senate in- vestigators Tuesday some in corporate trusteeships were oo. eee ee more lor tion of security holders, is states ment followed an assertion by Acting Chairman Truman (Dem., Mo.) of the |senate railway finance committee that “we ought to change the rules” to pre- vent “these huge trust) companies from acting on all sides in intricate financial transactions.” From the second half of the 17th century until the present date, the city of Krefeld, in the Rhineland, has been the center of the German silk and velvet weaving industry. 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