The Bismarck Tribune Newspaper, October 6, 1937, Page 6

._ THE BISMARCK TRIBUNE, WEDNESDAY, OCTOBER 6, 1987 ° e The Bismarck Tribune : An Independent Newspaper THE STATE’S OLDEST NEWSPAPER (Established 1873) e State, City and County Official Newspaper Published daily except Sunday by The Bismarck Tribune Company, Bis- fmarck, N. D., and entered at the postoffice at Bismarck as second class mal) i Mrs, Stella 1. Mann President and Treasurer Kenneth W. Simons Archje ©. Johnson Vico Pres. and Gen'L Manager Secretary and Editor Subscription Rates Payable in Advance per year year (in Bismarck) .. year (in state outside of Bismarck).. itside of North Dakota state, per year .. Canada, per year outside of North Dakota, Member of Audit Bureau of Circulation Member of the Associated Press The Associated Pross 1s exclusively entitled to the use for republica- tion of the news dispatches credited to it or not otherwise credited in this Mewspaper and also the local news of spontaneous origin published herein. All rights of republication of ali other matter herein are also reserved. The People and the Market “What’s happened to stocks?” asks a headline and two ‘Associated Press writers, surveying the current Wall Street ®cene, attempt to give the answer. Wall Street probably knows its business but the common people in the great American hinterland may be pardoned for wondering if, after all, they know so much about it. If what they say is true. One thing which is wrong with Wall Street is that it still fs a GAMBLING market and too many Americans take fliers in it. Much of the purchasing which was done in recent months was by people who were not INVESTING their money at all. They were BETTING that the market would go up and that they would be able to get out with a profit. The idea behind this theory is that some other gambler ‘will buy and thus permit the process to be repeated over and over again. This, of course, is silly. All that goes up must come down and the break has to come some time. As long as this system prevails these ups and downs are inevitable. They have always happened in the past and they will continue to occur in the future. This same gambling instinct, which causes people to take chances on the stock market, has atrophied the old-time Amer- fcan habit of investing in things close at hand. Some people would rather be financial ostriches, sticking their heads into financial sands they do not understand, than to invest ‘their money in enterprises with which they are familiar. An investor can SEE the handicaps and difficulties faced by a local business and often is afraid. He CANNOT SEE the difficulties faced by huge corporations and so plunges in unafraid. Always there is a broker or a public accountant or the writer of a prospectus to give him a sucker talk and tell him he cannot lose. The old saying that “distant pastures are always the green- est” was never more true than in relation to modern investment practices. Another trouble with the stock market is that few persons are content to accept the current low rates of interest. Money invested in such a manner as to be both liquid and completely safe earns so little that it is practically useless. The result is that the man who can invest only a little stays away from conservative things and takes a flier in the market. In short, the question of what is wrong with the market boils down to one answer and that is “the people.” And the trouble with the people is that a certain number of them who were bitten by the “get-rich-quick” bug in former years haven't been able to get the virus out of their systems. Before the recent’ market collapse they had shoved the market up to a point beyond all reasonable calculations based on earnings. That security prices should fall was inevitable. Step Toward Dictatorship : Alberta’s legislature passed a “compulsory publications” _ bill the other day and thus took the longest step toward dic- tatorship in the history of the United States and Canada, The new law requires newspapers to publish “corrective” statements on demand by public officials and requires reporters ‘to disclose the source of information on official request. When called upon by the chairman of the provincial social fredit board, publishers must print “statements correcting or amplifying any statements relating to any policy or activity of the government” in type of the same prominence as that given any alleged mis-statement. For violations the fine is $500 to $1,000. What Alberta publishers will do about it remains to be geen but the direction taken by this statute is plain to everyone. If public officials can compel publication of anything they wish the next step is to prevent publication of anything they wish. In the United States, of course, so direct an attack on the freedom of the press would quickly be repulsed under the terms _bf the constitution. *, But Canada has no constitution unless it be the Charter of Runnymede which bulwarks the civil liberties of all English- speaking peoples. In view of this fact it will be interesting fo note what the Canadian courts do with the first case brought ‘to them under the new provincial law. And that litigation will occur is a moral certainty. Investment in Trees Until recently, America looked on its timber resources as §t did on its mineral deposits—as veins to be exploited until they ‘were exhausted. Now the nation is beginning to see that they should be treated as crops, with the future’s yield taken into account. The current issue of Forestry News Digest tells of a sus- tained-yield plan that the U. S. Forest Service has worked out ” for a 130,000-acre stand of hardwood timber in upper Michigan. Behind Scenes { Washington Popular Referendum on Declaration of War to Be Major Issue in Con- gress . . . Many Groups Are Backing Movement . . . Employment a Winter Mystery. By RODNEY DUTCHER (Tribune Washington Correspondent) Washington, Oct. 6.—The question whether a popular referendum shall be required to take this country into war will almost certainly be a major issue on the floors of congress within the next few months. Last May, as reported in these dis- patches, Congressman Louis Ludlow of Indiana had gathered 100 signa- tures for a petition to discharge from the House Judiciary committee his resolution for a constitutional amend- ment which would require that the people vote on any proposed declara- tion of war. . Today he has 185 such signatures. This means that the proposed amend- ment, assuming Ludlow is correct in his assurance that he has enough ad- ditional signatures in sight to make up the necessary 218, will come before the House by February or March. Subsequent processes of adding it to the constitution would include pass- Well, This One Can Wait Awhile | Louis Ludlow age by two-thirds vote in senate and house and ratification by three-fourths of the states. House passage would require 290 votes if all members were on hand. “Heavy drive will be placed behind the proposal. A national committee ot veteran, church, farmer, labor, war mother and other leaders is being formed to lend weight. Proponents think they can mow down opposition by insisting that America mustn’t be asked to “save the world for democ- Tracy” again without. some tic. process for deciding ‘whe! the American section of democracy is in- terested. Ludlow’s amendment woudn’t apply in case the United States or its ter- ritory were invaded and any of its citizens killed. But otherwise, in case of threatened trouble, no war cculd be declared unless a majority of citizens voted: aye on the question: euall the United States declare war on—?” ee ok WPA Lists WPA rolls have hit bottom for the current year and are now expected to increase from month to month. Number of persons employed shrank from this year’s peak of 2,- 145,000 in February, to 1,455,000 in mid-September. There were still 2,000,000 WPA workers at the end of May and most of those dropped after that date were taken off be- cause congress limited WPA appro- Peaeoos to $1,500,000,000. le extent to which persons will ‘be added to the rolls as cold weather goes on is uncertain and depends, according to unofficial ad- vices, largely on: the extent to which business continues to recover and expand private employment. Congress provided that the appro- priation be divided in twelve parts but gave no directions as to how much money should be spent in any given month. The drastic summer slash in the rolls was meant to as- sure enough funds for winter and spring, assuming business continued to improve. WPA may or may not be back at Capitol Hill for more be- fore the fiscal year is out, (Copyright, 1937, NEA Service, Inc.) -—____________4, SO THEY SAY | on tants any scouniteies to rush ae changes our government when important facts are mis-stated or significant information is withheld, H {ponent de berasion is shut off e name of emergency, the public has a right to be pied rag M Landon. see The rapidly mountng number of accidents due to drunken drivers is pe » back to prohibition.—Jack y ‘oungstown, O., gas dealers’ organization. & eee We cai refuse to be hooked up with those whose scheme BS ape destruction of Europe.—Adolf eek If you took every dollar of every This timber is now being cut at the rate of 14 to 20 million board feet a year. It will be all’ gone in about 20 years, The Forest Service’s plan‘calls for a system of cutting under which only about 56 per cent of the merchantable timber on each acre would be removed. This would reduce the annual yield—but reforestation would make the yield permanent. That part of Michigan wauld always have a timber crop, just as Iowa always has a corn crop. Such plans are not hard to work out. It should not be hard to get industry to accept them. And how infinitely superior buch 2 scheme is to the old cut-’em-down-and-move-on program! “ Theatrical news is that burlesque shows are coming back. A Depart- tment of Agriculture bulletin would have enabled city fathers to do a better of stzip-cropping. ee ‘Added to the disillusions of cynics’ claims that the Constitution is not ‘were not giass. multi-millionaire in the country into & pool, that would not pay the in- petra sodas rng debt, to say not o! principal —Al- fred E. Smith. *** & Sometimes I envy the isolated farmer who could go nowhere even if he wanted to—Ann Sothern, movie actress, * * All the younger Metropolitan stars are looking hopefully toward the screen. They're guarding their figures as opera singers never did before. — Helen Jepson, noted singer. se & No country where the people have & voice in government is going to start war.—Gov. George H. Earle of | Pennsylvania. eee ‘ T’ve just been informed that bloom: erd are old-fashioned.—J. T. Cooper, Gecred, someone now has cruel theory that Cinderella's slippers actually Oklahoma: welfare commission, who listed bloomers on a working ‘girl’s The Great Game of POLITICS Copyright 1937, by The Baltimore Su» OUT OF HIS OWN MOUTH The speech of Mr. Hugo Lafayette Black, is a true measure of the quality, the calibre and the character of the man. Notwithstanding the commenda- tory comments of his more craven colleagues, always anxious to avoid facing an ugly fact, and of the loud, triumphant cries of the new Liberals and professional labor leaders, who, long before he spoke a word or they knew what they were, had fully con- doned his every act—notwithstanding ens, Seon te Siess, to ke ‘an incredibly cheap per! lormaper. ‘| Whatever the final outcome, it will not fail to strengthen the conviction of most decent people that his was @ degrading appointment and his pres- ence on the supreme court @ national shame. Convicted out of his own mouth, it was a confession; but not an honest one. It was the confession of a man caught with the goods, anxious to save his skin, who with weasel cunning glosses over and evades the more damning facts, un- ctuously dwelling upon the alleged purity of his heart and “liberalism” of his life as an offset to the inescap- able record and to give the gullible the sort of stuff upon which they love to feed. Stripped of the breast-beating pro- fessions of his own tolerance and sep- arated from the wholly false picture of a wave to engulf the nation and to avert which he consented to speak, the outstanding thing about Mr. Black’s “defense” is that the truth of the charges against him is | A Belle of 7A stage star of the 1900s. 13 Arabian. 14 Chooses by ballots. 16 Three united. 17 Alleged force. 18 Villifies, 20 Northeast. 21 Form of “a.” 22 Loss of power of motion. 24 Southwest. 26 Unit of electromotive force. 27 Drone bee. 29 Banal. 31 Genus of evergreen shrubs. 33 Headstrong. 34 Egg-shaped. 35 To come in. 37 High. 38 God of war. 40 To devour. 41 Southeast. 43 Devilish. 48 Per. 49 Measure of eo TIE ME TIRL i fal tT SIT INIG| SEUNG ANB cE] {Al [3 51 Killer in a bull fight. 52 You. $3 Greedy. 55 To adorn with gems. 56 To wander. 58 Railway stations. famous for her ——. VERTICAL 1 Musical note. Pc ae edi a cl We Bat 21She was one now fully admitted. There was no denial. It is no longer necessary to qualify or equivocate. He admits it. It is true that he was a member of the Klan at the time of its greatest strength and when in his own State it, had terrorized the classes against) which all Klansmen swear to dis- criminate, and had a long, violent and evil record. It is true that he toox the Klan oath, Tt is true that he resigned when he became a candidate for the sen- ate; it is true that he was elected as @ Klan candidate; it is true that efter his election he, with Governor Graves of Alabama, attended a Kia: meeting at which he was given a life would not have appointed known it, that he was ber of the: Klan, and it been a member of the Klan sert that in private conversation had often said so, It is also as true that he could not have been confirmed by the senate had it known that he was ever a Klansman as that he would not have been named had Mr. Roosevelt known. it. It is, therefore, impossible to deny that he secured both appointment ‘and confirmation through “fraud and deceit” — by withholding a material fact, which in the minds of many is elle of Yesterday Ke HORIZONTAL Answer to Previous Puzzle of the most popular ——¢s of her day. 22 Flusters, 23 Sisterly. 25 Her profession made her —— 9 Street. 10 Sea eagle. 11 Falsehoods. 59 She was world12 Behold. 15 Sesame. 18 Respiratory sound. 19 Hill slope. 56 Sun 57 Form of “nie _ PRT Pp Prey a aR Bie eal D8 OF val SS OS Me Hg ed ® worse thing to have done than to Catholic, Jew, Negro and ° foreign- born by the liberality of his senate Klan connection ended eleven years ago; that he has lost his life card, does not regard himself as a member and that the charges were first pub- Your Personal Health By William Brady, M. D. Dr, Brady will answer questions portals ine te health but not dis 4 is. Write lett briefly and in ink. Address Dr. B: Tribune, All queries must be accompanied by a stam! of Th self-addressed envelope, Te, al Pag forge and murderer's eee JIM_KERRIGAN—OM! mee. AREY. HUTORING— Amys otrange visitor. SERGEANT DOLAN—oficer as- signed to solve the murder ef Amy Kerr. sete ‘Yesterday: Ha tamtes age Ass Hatebins ine wanted hidden, cr but nevertheless it she Eany resents, Ros MEIEO! atically, Cilly went through Amy’s effects. For the second time that day, she looked over the con- tents of the bureau. “ In the lower drawer, Amy kept a fairly large box filled with odd eyes °§ i i E BREE i HT Ee j i HE tH aes Hau pat irk B : i 3 E 3 E i i F i if ai 3 At iy E tgs g E ! gE, ie] i : i it 3 +4 g E is & a ‘ i as th ie al evege fit eg