The Bismarck Tribune Newspaper, May 29, 1937, Page 4

The Bismarck Tribune i An Inéspendent Newnpeper '% THE STATE'S OLDEST NEWSPAPER : (Eatablished 1873) State, City and County Official Newspaper Published daily ¢ Sunday by The Bismarck Tribune Company, Bis- marek, N. D, and entered at the postoffice at Blamarck as second class mail matter. Mrs. Stella 1. Mann Preadent and Treasurer Archie O. Johnson Vice Pres. and Gen'l. Manager Kenneth W. Simons Secretary and Editor Subscription Rates Payable in Advance Member of Audit Bureau of Circulation Member of the Associated Press The Associated Press is exclusively entitled to the use for republica- tion of the news dispatches credited to !t or not otherwise credited in this newspaper and also the local news of spuntaneous ori, ublished herein. All rights of republication of all other matter herein are also reserved, Should Go All the Way In a recent statement, made when the CIO began the job of trying to unionize his automobile plant, Henry Ford made the following assertion: ‘ “Ever since the war two campaigns have been promoted in this country by the financial interests of New York—ONE TO PUT WAGES DOWN, THE OTHER TO PUT PRICES UP. WE KNOW THAT BECAUSE WE HAVE BEEN INVITED IN. Our business is criticized because we will not go in with them on such a program. A lot of prices would go up in this country next week if we could be persuaded to join them.” That statement should attract and hold the interest of every American citizen, regardless of his attitude on the labor question, for it long has been apparent that prices more in line with production costs are one of the crying needs of the country. What America needs is not more dollars but that the dollars the people have go farther. Senator Borah has put his finger on the same weakness in our industrial-commercial set-up, asserting that many combina- tions in restraint of trade are mulcting the American people, that competition has, in many instances, become something to talk about rather than a reality. Henry Ford is a “big” man in industrial America. When he says that it is necessary to have him “in” when efforts are made to “rig” certain markets, he speaks the truth, But the public would appreciate it if he were a little more specific. As long as he is jousting with the moneyed interests he might explain where, when and by whom he was “invited in” and what the matters under discussion were. The everage American does not often have such an opportunity to look behind the financial scenes. Observations on Communism Bismarck has 25 Communists with about 200 potential sym- pathizers. Authority for this statement is John B. Sutton, secretary of the local unit of the Workers Alliance and a man who travel- ed widely before getting marrfed and settling down here to live. One gathers that not all of his traveling was done “‘on the cush- ions” and this fact adds point to his suggested cure for Com- munism. The 25 he mentions he feels are Communists in principle, the sympathizers are merely people in a mood to try anything in the belief it will be better than what they have. “Give them enough money to make them comfortable, even a decent job and hope for the future and they wouldn’t be interested in Communism,” says Mr. Sutton. “If they were situated as they would like to be they wouldn’t pay any atten- tion to it.” Mr. Sutton is well situated to know HOW many people think and WHAT they think. His observation as to the cure for Communism also is not without merit. It goes to the root of a question which has perturbed many people, offers them a remedy. “No one is interested in Communism when they’re pros- perous,” says the astute Mr. Sutton. The cure for Communism, then, is to establish a definite and enduring prosperity which will reach those 'who are the | most fruitful field for Communistic teaching. A Rule of War that The Italian government is going to adopt a new policy in naval construction, according to word from Rome. an administration victory would! mean an end of the fine old Amer- ican institutions and a new form of government, in which the worst features of bolshevism and fascism would be combined. Efforts to curb financial racketeer- ing are more popular than some of the other New Deal reform efforts, however, and it should not surprise anyone if the Chandler bill, the Barkley bill and the Lea bill went shooting through rather rapidly at this session, despite wails from the financial district. The Chandler bill aims to reform corporation ition practices in the interest of the investor, The tees of @ bond issue actually an ef- fective means of protection for bond holders, The Lea bill undertakes to Provide that protective committees in shall actually function for the pro- tection of SOCEey Resets, Coming and Going ‘The three bills represent an in- tegrated program of de- signed to eliminate the reorganiza- tion racket through which bankers, attorneys, promoters and others have Gypped the investing public all over again after concerns have gone bankrupt, especially during the de- pression. Often the men who have wrecked corporations while profiting largely have been able to conduct star cham- ber rtorganizations to their further profit, while suppressing facts, velation of which might send them to jail or make them lable for dam- age. ‘Management and bankers have or- ganized and controlled protective committees. Or others have horned in, not in the interests of security holders, but to reap fees, commis- sions, other emoluments and future control of profits. Insiders have been able to make security holders im- potent by withholding lists of stock or bond holders and other vital in- formation, ; = * Outgrowth of Probe ‘The legislative program is an out- growth of the monumental investi- gation and study of corporate re- Organization made by Securities Ex- change Commissioner Willlam 0. Dougias and Dr. Abe Fortas of Yale. High spots of the three measures: Chandler bill. Makes mandatory the appointment of disinterested trustees in receiverships and keeps debtors and bankers on the outside. or | must be independent of any associ- ation with interested parties. Shifts financial power wielded by bankers the bankruptcy courts. Gives SEC the right to inter- vene in all reorganization procedures and to submit advisory reports on re- organization plans prior to submis- aion to security holders. Legalises the right of any creditor or stockholder to be given a hearing. Guarantees right of employes teed pte (This e feat especially unpopular in Wall Street.) In gen- eral, it attempts to capture for the investor large gobs of increment pre- viously accruing from reorganisa- tions to those in strategic places of Heretofore, Italian warships have been designed with speed and armament chiefly in mind. Cruising range has been con- sidered unimportant, because it has been expected that Italian ships would always operate in the Mediterranean, close to their | %0™ home bases. Now, however, it is announced that the Italian navy is to be made “ocean-going,” with long cruising capacity so that it can operate in the Atlantic, if need be, far from Italian shores. This looks as if the Italian navy were to become an offen- sive weapon pure and simple. But the truth of the matter is that all armaments are inherently offensive, for the simple reason that a nation waging even a purely defensive war must take the offensive at times—as the Confederate States of America did when Lee invaded Pennsylvania, The shift in emphasis in Italian warship design merely recognizes that fundamental strategic fact. The Consumer Pays Wholesale commodity prices dropped during April, accord- ing to a survey by the National Industrial Conference board, but this was due to a decrease in the prices of raw and semi-manu- factured items. Then this authority adds a pertinent sentence. It is: “Prices of finished goods continued the rise which has been uninterrupted since last October.” That isn’t good news for the consumer. sae ary eh bd ag me Ect Ue Po ul Fa ngs mrt mnt mystery, hoped to solve it rh as Sn hm oe ian tm eee ma a ne as SPS A ae ay, art co SO THEY SAY If in the coming years I can show my gratitude in service to you, that is the way above all others that I should choose.—George VI. in a speech Laahlen Bch my + #2 aE a 3 = 2 EB Ft Hi gegzpiter pin al i rt E i é B E [ E nol f 3 F 3 z i FF gE ; : : 5 ae7zge E EE BAltor’s note:—The 1 : [ ; ig E i & : i [ il ry 4 a Bs Eas ge | s E HI u Ei iH | ze Fl z g 3 é ! : e i gE fe i 8 ti & i : E i | : é é i 5 g i Being a reproduction of an address in rhyme, delivered in Bismarck 41 years ago. By LINDA W. SLAUGHTER cee i BE u 4 ani BE Bpeeta. aire ay ail ae : E Er A - f E é E gE. : E 5 £ .-7 baal! sebae ic E i Bg i i i E are ip iy iH i iu i il 5 tt to ral ve i i i : Fb i FE if 4 i i Beet Hl i ; Eee Hii face [ it / : FF i: BE ret i i : ag if i following poem was delivered as a “rhymed old Atheneum here on May 30, 1800, by Linds W. ter, Bismarok’s first school teacher. Is, who has lived ters sores ean oe erllheteR opah now any : 4t recently in ber collection of early ‘Women’s Relief Corps, Auxiliary te G. A. RB.) i - z 5 i i 3 Us i Fe 2 5 8 § i E 3 g E 5 gs z if | 4 i ; E fi 8 E i | i F i 3 i E : i =F é Te i f Big Worries in the Life of a Great Empire | ’ \ Dr. Brady will oy ad ptr sag in care, of eo Tribune. tat queries must be accompanied by a aelt-s envelope. it becomes apparent develop- ment of sound teeth and keep teeth free caries is also best to pro- mote wte, preserve youth and prevent cardiovascular degeneration. | ‘The next talkin this series will give all the details of such a diet ah, reuidiue, roughage. andl eves3- rants the belief that restoration to the ‘adequate proportion of corrective protective foods (that is, foods that have not been robbed of their natural minerals and vitamins) tends to reverse the degeneration and bring about regeneration. gee E : » aprains, where the cause is not known. Take pains to wash hands after applying it, before they unconsciously touch the eyes. ; i i 3 E caitce ears AFRAID to Love that they Pr a the eaon <a Sybil. ‘e =: gether. But downstairs, Sybil| plain, to plead Sou HENDRY, mining tnvest- |sought out Dorothy's cousin. ‘niece and Jean’s rival in rriir HENDRY, Sybil’s DOROTHY STARKE, Joan's ‘NORTON, California eter. CAST OF CHARACTERS SyDil's ecTéatgrdez! Joan attends sybils ling . Lbeatl eet a years age. CHAPTER IX BACK once more in the lonely | two perfect years.” confines of her room at the Dott, Joan fad the end af er | 2% tnt Paid cow te we Greams. Hopeless and defeated,|it al! over quickly like this. At she sat ca the narrow. bed. nd} least she was spared the suspends! acrons the out g 2 : i : ; z i at ey a Pe Si A ia eel ut at ga § Boot FaGE ae j tr eathss s RK E Bn i | iy F 4 ¥ i vil . Hi it | E i i g i : i i i ue 2 : i i ge be ; E ap | é ze og li fe t U7 3 3 E ff & 5 z if : é H ie 3 z rt SEREE i z i | 5 E t j i | 5 I E f | Fhe? LE i | j i { 4 i ge if gee i : j ‘ , i = E : i i ri i ag z E i E i Re é & H ; é j REs it bf i j if iu i 5g Hi : st F Ss a4 et 3 H i F i it iy I t I fi ‘ i i a 5 Sis g ia? 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