The Bismarck Tribune Newspaper, July 15, 1937, Page 3

THE BISMARCK TRIBUNE, THURSDAY, JULY 15,1987 ‘Maps’ Corn Outlook Nantucket Is Loser > In Seamen’s Strike Fargo Dentist International Crisis ————— Co Roo: I¢ | arrival ‘in Oleveland and’ Pittasurge nCerns BEV ere It the luncheon hour end in’ Roses’ IBANING FOR TERM UNECONOMIC AREA’ itrary Effort to Hold Up Prices Is Condemned by Financial Leader (Editor's . pruch in a recent commence- lent address at Union college said hat the government should not y to regulate everything,” but hould confine its regulatory ac- ities to what he called the un- nomic areas” of our national fe, In the following interview, he. second of two, he explains hat regulations he would apply d when they should be ap- ied.) lew York, July 15—(?)—There are kinds of “uneconomic areas.” In on usage, the expression would hy to distressed areas; to a “dust 1,” or to communities in which es have been worked, abandoned industries, the populace left inded without means of liveli- talking of “uneconomic areas”— fhrase of his own, used to describe “peaks and valleys”—] M. uch has @ second meaning. would be a time,” Baruch said, en prices get so low that in order survive, the producer has to cut price and then his competitors do wise, Wages are cut and it goes land on, with widespread destruc- to producers and wage-earners. s is the old, old system of the ival of the fittest. ‘This Is War’ This is economic war and, like ions at war, nobody ever wins— ‘body loses, There is a degrada- h of all concerned because of less- ig wages and a loss of capital e8. it is true that lower prices carry the law of supply and demand the effect that when prices get r, two things are set in motion— » with lower prices, production ns; and second, consumption in- ses. In that way, balance is event- ly achieved. Such an excessively period, when nobody gets any- hg and labor is sweated, I call an conomic area’.” fore such a period is finally hed, with its uneconomic losses # with provisions for producers to together temporarily on such re- tions of production as are neces- | Tess, ly. Some agency, at this h_ continued, mence to buy commodities or pre- bly lend money on them, or both. ould limit this action to raw ma- als, This would have a tendency steady the whole structure and ead into the manfactures. The together to reduce their output fer government supervision, while is ‘uneconomic area’, W reached, the it to suffer should be capital-divi- pds, The last to suffer must be le said there should be no arbitrary prt to hold up prices. Let us pose the price of wheat 1.15 and it started downward. I ld not put the government opera- ns into action until the price of at went to a.point where the mer began to be distressed by at selling at below the cost of pro- tion—say, at 70 cents or whatever cost figures show. Then the gov- nent should step in and com- ce to buy wheat or lend money he crop. There is no need for at the cost of production or er. It ‘will go back to a dollar-and later anyway, so why let it. go to a point where people will be ined and society gets no benefit?” STATE DIVISION PROPOSED New York, July 1$—()—President 37 Non-Fiction Books Put in Library Stacks ‘Thirty-seven books have been added to the non-fiction division of the Bismarck public library within the last few weeks. With the new non- This map, prepared by the United Nantucket, Mass., July 15—(P)—A wage dispute between seamen and juradey, abruptly damming Nantucket's inflow of tour- ist funds. Estimates of the loss to this sum- between representatives of the Inter- States department of agriculture, shows that over a large portion of the country » corn crop approxi- mately 80 per cent of normal is expected. Prospects are good in the central and eastern portions of the corn belt, WPA PARING WORK IN WESTERN K. D. .| RRA Taking Over Part of Bur- den; Economy Move Trims 140 From Payroll “There is nothing in sight in the +1 way of Works Progress administra- Englan Without Alarm,” 3; “Simple Aerody- namics and the Airplane,” Monteith; “Heroes of Discovery in America,” Morris; “About Ourselves,” Over- street; “Oxford Book of Modern Verse, 1892-1935;” “Green Laurels,” Peatie; “Perry on Tennis,” Perry; “Careers After Forty,” Pitkin; “The Human Comedy,” Robinson} “Cath- erine de’ Medici and the Lost Revo- |,” Maurois; “Viewed Millis; 3 ‘Monogram, “The Eternal Road,” Werfel. se The garden books include “Manual of Gardening,” Bailey; “The Gladi- kwel and “Water Gardens and Goldfish,” Sawyer. Roosevelt Not Likely To Call Peace Confab ‘Wednesday as believing the time is not ripe to try any world-wide remedy for troubles abroad. State department officials said it was natural that Europeans who want to avoid another World war think a world economic conference at this time might ease the danger. In the light of the president's known views, however, there appeared little chance that Mr. Roosevelt would pre- side at such a conference or even that the United States might call one. ROYAL PILOT CRASHES Weymouth, England, July 15—(7)— A cloudburst Thursday temporarily halted travel and communications: in the southwest area where the royal air force is staging itslarge scale war games. A royal air force bomber crashed at Jordans, Somersetshere, but the pilot and two aides were not nuel Quezon of the Philippine | injured. nmonwealth, arriving from Europe toute to Manila, said Thursday he nds to sponsor legislation to pur- se and divide the great estates of eens among the common Minneopa Salad Dressing— , 80 tasty—Ask your Grocer. Sioux Falls, 8. D., July 15 —P)— Florence Marjorie Meek, 6, dropped dead while at play near her home Tuesday night, coroner Martin J. Peterson reported today. Peterson said the cause of the girl’s death was not determined but that she appeared to have suffered a heart attack. tion employment for farmers in the Grouth-stricken areas of Western wit regional WPA officials in Chicago. Moodie explained that the purpose of the Chicago conference was to lay plans for tightening up on projects not completely justified from a per- manent benefit standpoint, “Henceforth there will be a close inspection of all projects and only those will be streted which have a long-time usefulness,” he asserted. The WPA chief said he was certain that emergency rehabilitation work would be carried on by the federal government in the drouth areas but that the bulk of it would be handled land,’’| by the Rural Resettlement adminis- tration. Consolidation in the state office here of the division of employment and finance and statistics was com- pleted this week as an economy meas- ure. During the consolidation, ap- proximately 140 persons were pared ion the total state payrodl, Moodie FP eemalning at the district head- quarters at Fargo, Grand Forks, Mi- not and Mandan are members of the division of operations, including en- gineers, and one representative of the Secretary of State’s Office Supports Self The secretary of state's office, not usually included as one of the state's revenue departments, was “entirely self-supporting” the past year, Secre- tary of State James D. Gronna said Thursday as he thumbed through the department’s annual audit. Gronna said the department col- lected $16,075 of which the majority was in report fees, while its total ex- penditures for salaries, supplies, print- ing and other office incidentals amounted to $13,157. Largest collections were made dur- ing the year in incorporation filing, which includes notarial commis- sions, domestic and foreign corpora- tion filing and recording, and miscel- ith |Janeous fees. In this bracket $8,607 was collected. Under corporation an- nual report fees a total of $7,047 was collected. The use of stockings originated in the cold countries of northern Europe. HELP 15 MILES OF KIDNEY TUBES Poisonous Waste If you love to bask in cool, blissful pleasure, sip Dr. Russell A. Sand of Fargo is secreary of the state den- use y Air mail and air express origina‘ President Roosevelt was 80 concerned | here in the evening are ‘aslivered, the over the Far Eastern situation that/ following afternoon in Cleveland, he had given up plans for his usual) Pittsburgh, Washington, New York week-end cruise and would remain in | and other eastern cities. the White House. The situation developing in Europe over the proposed non-intervention patrol of Spanish waters also was said to have caused the president some anxiety. Bogus Money Causes Grand Forks Arrests Grand Forks, N. D., July 15—()— presence of counterfeit nickels and silver coins in Grand Forks was be- ing investigated Wednesday by «& special agent of the United States Airline Service East Further Speeded Up no treasury department. New and faster air mail and air| Omer Haugen and Frank Klint passenger service between Bismarck] were arrested by Grand Forks and and New York, Washington and|East Grand Forks police Tuesday other eastern cities was announced | night after it was reported that they here Thursday. had used the counterfeit coins in slot Passengers leaving Bismarck at/| machines. 2:35 a. m. on Northwest Airlines,| Police reported that some of the reach New York at 1:40 p. m. and|coins were obtained from them, ‘Washington at 2:57 p. m. Direct con-| They were questioned by federal nections are made at Chicago with| agents Wednesday morning and aft- tal association. the Mainliners of United Air Lines.|ernoon. 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