The Weather FAIR THIRTY-NINTH YEAR "BOOK RESERVE" OF STATE BANK IS UNDER FIRE Accountant So Qualifies ment as to Showing Under 1915 Law SENATE CASE ATTACKED Testimony Before Senate Committee Not Intended to ceive, Witness Claims Testimony given before the senate committee with regard to reserve of the Bank of North Dakota by M. W. Thatcher, accountant and head of the Equitable Audit company, was under Are before the fcouwe investigating committee today. Thatcher and F. W.
Cathro were the only two witnesses' It was said that the committee attorneys had been Informed-that O- X. Lofthus, state aminer, who was absent when called had gone to Minneapolis, would be back today and was making no effort to avoid testifying. Thatcher wag asked specifically about the large reserve he figured the bank had under the 1915 law. Thatcher admitted this was "a keeping reserve" ho testified he hadn't verified all the things cessary to complete ment. Thatcher had testified before the senate committee that the bank had a reserve of $7,000,000, or several times its requirements.
The cash re-! serve, he figured today, was $46,767.. and under the 1915 law should have' "If the banks are in the condition: it is said they are it had a bookkeep-i Pass tinned on page 3) SENATTAMENDS STATE HERD LAW MB DISTRICTS Upper House Kills Bill ing Auto License Act ulate Assignments ACQUIT JUDGE OF MURDER Cleveland. Feb. William McGahan was acquitted on a second degree murder charge in connection with the death of Thomas J. Casey by a jury ot' three women and nine men.
LEGION MAKING GREAT HEADWAY IN LEGISLATION Albert E. Sheets Returned from Washington Where He resented State McCUMBER HOLDS POWER As Sccond Oldest Senator and Member of Finance mittee Controls Bills Prospects for legislation by the tional congrcss asked by the can Legion are good, according to Albert E. Sheets. who has turned from Washington. where he went to attend a meeting of the tional executflve cpmmittee of the Legion delegated 4y National mitteeman C.
L. Dawson to act as North Dakota member of the purpose of the meeting was to influence congress to pass lation at the present session which the Legion considers cannot wait til the next session, principally islation in behalf of disabled BOI HI1U UUUVI tuc BUUUJU HOTC had $1,123,000 or was shy by reason of I to have given that testimony before the senate committee" Thatcher re-' "You led that committee to believe that the Bank of North Dakota had a reserve actually of over queried Murphy. didn't want them to think so," replied Thatcher. Mr. Murphy asked the witness If.
under a strict interpretation of the 1915 law. the'-Bank of North Dakota lacked any reserve at all. Bookkeeping by reason The senate yesterday passed the bill regulating assignments for benefit of creditors and the apopintments of and bill empowering the county commissioners to create stock was able to "obtain th1 districts and providing upon petition of 60 per cent of the electors for the FRAZIER SIGNS FIRST 3 BILLS OF LEGISATUREmijld KEEP Senate Bill No. 1, Introduced by McNair, Is the First New Law The first three bills signed by Governor Frazier were to be mes-, saged to the senate today. They aroj senate bills Nos- 1.
8 and 12. Senate bill No- 1 permits an assist-, ant attorney-general to complete priv he was engaged in at of a in a a 'stiites attorneys to defend criminal, cases outside their districts. It was in a Senate bill No. 8 relates to care and release of feeble-minded persons from stkte institutions. It was introduced by Murphy.
Senate bill No- 12 amends the law regarding concentrated feeding stuff: labelling and reports, to the tory division of the Agricultural col-! lege. It was introduced by Rusch. I These were the first three ures" presented to the governor. NoJ as re as be to Mr. Sheets, discussing the BMcCumber.
These redeposits, under the conten-i Washington in point of service and tion of the attorneys, could not be con-j the ma nee comsidered in a reserve unless they were mittee, where the hospitalization and in reserve banks approved by the state, additional compensation, or so-called banking board, with limitations, in-1 bonus bills, were being considered is eluding one that they should be banks the most influential man in Washin commercial centers where deposits ington in soldier legislation. We could be easily acceptable. I were assured by Senator McCumber "in response to a statement from At-! that he would do everything in his torney Murphy that "what I am try-1 power to see that both bills pass." ing to make out is that you ought not Hospital Bill Passes. olde9t Benfttor Mr. Sheets said that before he turned the hospitalization bill had believed the additional compensate bill would be passed at this session with a delayed at the next session with provision for mediate payment.
"The plan suggested by the Legion for the consolidation. of the United States- Bureau of War Risk ance. the U. S. health service and the vocational training bureau into one department, with sub-departments in various parts of tho United States, of lack of time will not Present session ca said Mr.
Sheets, "but some bill embodyliig these features will be passed iately upon reconvention of congress in special session. It is the opinion of all members of congress with whom I talked that this is absolutely sary before the confusion and petence in these soldier relief cies can be overcome. The five million dollar memorial fund tendered by the Knights of lumbus was not accepted, he said, and Legion committeo was named to confer with officers of the order to find out if they were willing to make a tender of the money without any conditions attached- Takes lTp Bismarck Case. to the inability of the various bureaus handling belief for disabled soldiers to meet the situation and pending such" time aB congress shall consolidate and reorganize them. I assistance of natj0ual executive committee in 08tablishing declaration the commi jce bureau which will tako up and ers of any-open season for present to government'agencies the that district.
senate killed the following bills: Repealing auto license act, garding filing of attachments with clerk of court, broadening powers' of district court Judges in juvenile cases, and providing for-the survival of legal actions against estates of deceased. what is known as a scrv- most urgent cases of disabled diers. The united support of the Legion may now be obtained for any disabled soldiers by writing the facts to National Adjutant Lemuell Bolles, Washington. D. who was ed chairman of the service sion." Mr.
Sheets also took up the ease of James Monahan, Bismarck boy. who was wounded and who served in sevcji major engagements, and who had been unable to get relief from the government- He said that Senator McCumber had taken up the case. INN. PAPERS MUMON BANKS Senator Devoid, Socialist, duces Muzzling Bill in Senate St. Paul.
Feb. amendment offered by Senator Devoid, socialist, which would have prevented sota papers publishing anything about bank failures, embezzlement, investigation or other matters atory to banks in or -out of the state, has been killed by the Minnesota Senator Devoid has always voted with the Nonpartisan members of the legislature and this motion was strued as an attempt to prevent any publicity in regard to the North Dakota bank situation. For First Time in Two Years Reaches Par on Wall Street New York, "Feb. block of ernment iLiberty loan bonds sold at par for first time within a year. WALllAlFSEES BIG FUTURE FOR WHEAT6R0WERS Regan Man Aggressive Booster for Growing National Organization J.
Wallman of Regan, is one of the most aggressive boosters in the state Tor the National Wheat sociation, which he feels fills an important niche in the North Dakota I farmers world. He recently received a letter from George E- Duis. one of the directors I of the Kansas state organization. I which gives some interesting facts in regard to the organization. Mr.
I Duis says: Has Big Membership. "This organization now has a meniber 1 5 0 0 0 0 in at growing states. We are organizing a pi a be or I several plans but none of them were very definitely adopted. We decided that "we would employ Aaron SapiTO of San Francisco, to advise us fully a to a an 3 it a it a tional secretary is now endeavoring to secure Mr. Sapiro to immediately furnish us, plans for marketing.
Want Cost Plus. "The fundamental of our plan is to secure cost plus a reasonable profit on future wheat crops- It takes some little time to organize an association of this kind, and especially to do it on a safe basis. I am amazed at the work which has already been done in organization work." Since this letter was written, it is understood, Mr. Sapiro has been cured by the organization and is working definite plans now. PAPER DROPS.
New York, Feb. International Paper company announced toI day a drop in news print to 1-2 cents a ponnd. BISMARCIC NORTH DAKOTA, FRIDAY, FEBRUARY 18, 1921 ACTION NOT THEORY Some of tlie arguments being used in the present troversy to save North Dakota from herself reminds one of Mark Twain's remark about the weather: "Everybody's ing about it and nobody's doing anything." True there are. some who have political expedients to fer a re or or an vi in a if degree. The independents have got to get their lingers out of I Review Townley's bait can if they expect to protect the state's integrity and restore stability.
Two million for the elevator and mill at Grand Forks is supreme folly. Better take our loss on that now. A quarter of a million for the irake toy mill and the Ilomebuilder's tion is a further waste of public funds. Better go down to riefyat in another campaign battling for sound government and the total elimination of state ism, than to puss*foot on vital issues. If the Independents want to perform a real service to the state, they will propose bills immediately repealing the entire industrial program ami providing for the liquidation of the scraps on hand.
Some say what about the million the state lias shot to the birds at Grand Forks? Better let it stand there as a monument to the folly of state socialism than to pour two or three million more of public funds into it, just to try out one of the experiments (hat has been thoroughly discredited through recent investigation. The Grand Forks Mill and Elevator can be turned over through a plan of liquidation to some farmers co-operative society, pleted by that agency and under competent management and private initiative be made a paying venture. If the Independents think under political control they can make the Drake or the Grand' Forks institution profitable, even aside from the unsoundness of the of government ownership, they had better come out, of their dream now. A great is sweeping over the try under the auspices of the Farm Bureau. It is a protest against the follies practiced in many states and allied societies of trying to solve agrarian problems through government ship, politically controlled and manipulated.
Farmers selves are comiug to realize that if (hey had contributed to their own societies the money Townley has drawn tliein in increased taxes and special contributions for "The New Day," they could have had a string of mills and elevators across the' state from Fargo to Beach and a line of packing plants reaching from Lisbon on the south to Minot on the north. The Tribune suggests three planks' in the program of the Independents. THERE MUST BE NO COMPROMISE WITH STATE SOCIALISM. GETTING BACK TO SOLID GROUND MEANS ABOLITION OF THE SO CALLED INDUSTRIAL PROGRAM OF NORTH DAKOTA. LIBERTY BONDS SELL AT PAR ON N.Y.EXCHANGE NO MOKE NAUSEATING COMPROMISES.
A leadership courageous enough to go before the people on these issues might not be playing narrow politics, but it would be bringing North Dakota nearer to a solution of her economic problems. from HAMER PROPOSES CIGARETTE BAN St." Paul, Feb. drastic anticigarette bill was introduced into the legislature today by Senator Richard Hamer. The bill makes it unlawful to directly or indirectly manufacture or sell cigarettes. BROTHER SHOT NEARMGGLUSKY AFTERCARDS Reinhold Biesck Taken Into tody at Goodrich, for Shooting (Special to Tho Tribune.) McCluslqy, N.
D-, Feb. Biesch has been taken into custody at Goodrich for the alleged shooting of his brother, Fred, following a card game- The victim Is in a serious condition. The brothers had been cards together with two of the bor boys until 10:30 Monday evening. The visitors left for. home at this time and Fred went to the, barn with them to help them hitch up.
Washes Hands He came back and began to wash is an a an the dining room and he fell to thej floor. The visitors heard the shot, re-j to a re and hurried him to the next farm, house, notifying the sheriff and thej doctor. Held in Jail. Reinbold is heinc held In the coun-jI a a us a it in a as is is re or to a a id ha he didn't know himself. In some quarters it is believed that he was: temporarily insane.
STAIR COLLIDES WITH ALLDENIGE Warden Stair of the state tiary, collided yesterday with a Ford coupe, driven by J- H. Alldenige. The clash was a broadside one and the cars were practically a wreck, though none of the passengers fered a scratch. Mr. Stair was driving a Ford Sedan.
He had fouf of the visiting women attending the convention of the league auxiliary with him. NO WHISKY, NO MAR8HAL. FARMER EFFORTS ON LAWS MAINLY ON CO-OPERATION of Central Western State Shows Tendency in This Direction MINNESOTA CO-OP. PLAN Farm Tenantry, in Kansas vides Basis of lation Chicago. Feb.
legislation most generally sought this winter in central western farming states where legislatures are in session appears to follow the line of marketing and operative effort, according to a vey made by the Associated Press. Education, protection from len speculation, improvement of farm serious crop finance and betterment of farm ten: green bugs. ant conditions are other medshres in which a widespread farming interest is manifest. In several states a better tion of the state agricultural istration is sought. Better ity protection through establishment of rural police or constabulary is dsked in others.
marketing tions among producers, aloug lines already proven successful in the nesota Potato Exchange are projected in Minnesota. Tho proposed tion was sponsored by Governor J. A. O. Preus in his campaign laBt fall.
Ohio farmers ask increased ations for developing and extending the state market bureau to encourage co-operative buying and selling tween farm producers and consumer? direct. It is also proposed in Ohio that the state university establish a courae for training leaders in organizing for! co-operative buying and selling. Kansas farmers seek a state mar-! ket bureau that would furnish information on market conditions generally and act to some extent as a clearing house for orders for farm I products. In Arkansas it ife proposed to give the state agricultural missioner authority to fix grades and standards of farm products, to enforce a uniform grading law, and generally to facilitate better marketing of farm products. Among financial proposals a law is urged in Illinois for the tion of farm loan societies to loan money to farmers on long term first and second mortgages.
Farm land credits and rural personal credits are asked in Iowa. A law to permit establishment of banks by co-operating associations is sought in Kansas. Adequate appropriations for state educational institutions urged by fanners in a of states, cate agricultural interest in tion. Free text books in the common schools are called for in, Oklahoma and elsewhere. In Kansas, where farm tenantry has been much discussed, a law ting into operation an amendment to the state constitiiMon adopted at the last election providing for state aid to farmers in buying farm homes is up.
Legislation requiring a tenant to be reimbursed for permanent provements made on the farm he cupies is advanced in Illinois. Need of better'rural protection since the advent of hard roads and the tomobile has manifested itself, cording to formers. In Illinois, where a has been dorsed, and in Ohio, where a fied rural police bill. using county sheriffs and constables as a nucleus is proposed REMORSE DON'T COUNT. Paden City, W.
Feb. Woods was remorseful. He returned to pay back $140 taken from a friend. Restitution doesn't clean the state. lice arrested him.
J. W. Brinton was arrested today on a charge perjury, the complaint beI 'ing sworn to by 'F. W. Cathro, director-general of the Bank of North Dakota.
I The warrant was served on Brinton by Sheriff Welch, and was returnable before Justice of the Peace W. S. Casselrnan. Brinton appeared asked continuance to get counsel, and his bond was fixed at $1,000, which he gave, The hearing will be held (Feb. 21.
at 10 A. M. J. W. Sullivan, of Mandan, an attorney for the house investigation committee, was asked by Brinton to be his attorney and will appear, A.
Anderson, assistant attorney general, appeared for the complainant, iLeague sources said F. E. McCurdy, states attorney of Burleigh county, has refused to approve the complaint, Mr. McCurdy said that Joe Coglan I camc to his office late yesterday with the complaint, and that the place for name of the camplainant was bland'. He expressed his opinion that none of the parties involved in the present gations should 'be arrested until the investigations are finished, he said, and then if any parties appear guilty of violations they should be ed regardless of which political side they are on.
He said he had been importuned to arrest some administration officials on charges growing out of the tion and that he refused to take any Owingsville. Feb. action until after the investigations council voted to abolish the office are finished, and that he took the marshal. There's no police work to oe same stand regarding Brinton. iHe done since whisky has been told them, however, that if the com' KILL FOUR IN FIGHTING Dublin, Feb.
civilians were killed in a skirmish with an English regiment near Killbreton, County Cork, it Is said in dispatches received here. Ldndon, Feb. of Coachfords, County Cork Ireland, who was kidnaped Wednesday night by three armed men has not been found. WHEAT GOMES BACK ON CHI. GRAIN EXGHG.
Possibility of Serious Crop Damage Has Bullish Effect on Market Chicago, Feb. and snow in the southwest had bullish effect today on the wheat market. attention continued to be given to I damage likjely from Opening prices which were from 2 to 2 1-4 lower, were lowed by further setback and then a a The close was weak, 1-2 to L3-4 cents lower. Kansas City, Feb. of green bugs, the identity of which have not been made known are vancing towards the wheat fields.
Crops in the districts of Oklahoma are seriously menaced, according to a message from Oklahoma City, which quoted the state entomologist. Growth of the buga has not been retarded by the cool nights, declares John Moler, secretary of the stato board of agriculture of Ka'nBas. BOOSKBlLL MAKING EXGHG. OPEN MARKET Minnesota Senate Arinnft Pas. Adopts las sage Report on Bonniwell Measure St.
Paul. Feb. senate to-! a ad a re a a it a in pa sago of tho Bonniwell bill m'tking I an open market of the South t. Paul IIvestockTfxchange. 7 Paul, Feb.
house commit tee a in a iv to re mended for passage today the bill or-! derlng that the South St. Paul stock, exchange be declared an open 1 it at iv on cerns to be members, notwithstanding rule of exchange against patronage dividends. FARM BUREAU DECIDES FOR SALESAGENCY Committee Makes ment of Recommendation for Marketing Relief Chicago, Feb. American Farm Bureau Federation grain ing committee recommended the mation of a national sales agency to handle grain marketing. MAKES RULES.
Washington, (Feb. internal revenue department today issued rules permitting transfer of whiskey under certain conditions. BRINTON IS ARRESTED ON CHARGE OF PERJURY 1 plaint would be duly sworn to and presented he would act according to the requirements of his office. I IMT. McCurdy said that immediately! after he left his office he went to court house and was informed that thej sheriff had a warrant, which indicated: the complaint had been approved byi the attorney general's office before it I was presented to him.
Brinton said before he was arrested: that he hoped they would do so that he be glad "to meet them" in: court. The complaint is voluminous. It charges that Brinton "wilfully, fully, feloniously, falsely and a a to is at re fore the legislative committee and cites many questions and answers, in-: eluding: Testimony with regard to embezzle-i ment and misappropriation ot funds I in the Bank of LN'orth Dakota. That he got information about the bank's policy, in consultation with Lemke, Townley and others. That he talked to Lemke as attoran at of troversy.
That he said the Scandinavian-! American bank was partly owned by them (league leaders), and controlled by the In." That It was bought by the financial! secretary of the league. That Town-! ley organized the Publishers Nation-j al Service Bureau. Regarding the $11,000 check given! when id a in the bank, which he said Lofthus and Lemke knew about. Last Edition PRICE FIVE CENTS BILLS TO AID WHEAT POOLING PASSIN HOUSE Measure Said to Have Been Asked by Farm Bureau Get Support KILL MORTGAGE BILL House Majority Takes Position Credit of State Must Not Be Impaired Two bills said to been duced to aid the Farm Bureau plan of pooling grain for selling passed the house late yesterday without great opposition, The bills are house bills Nos. 190 and 191.
The purpose of the bills, according to Representative Roy Johnson, as told the house, was to permit the waiving-' of certain quirements under grading act to permit the operation of the pooling plan The maximum charge 'or storage wheal would creased. It was explained by Itepresentative Sagen that if the pooling should grow to a considerable extent the elevators would become storehouses, losing a part of their present revenues, and the increase in the storage maximum, in the cretion of the state inspector, would compensate them for the loss. Among the other bills passed was one providing for the appointment of a commission of' two representatives and one senator to visit the petrified forest in the Bad Lands in Billings county and report to congress on the desirability of the section for a tional park. The speaker voted "aye" with the mental reservation that he would name as the house members the two representatives living est the section, to reduce the sary expense. The bill cafried an appropriation of $500.
Extended Debate. There was extended debate during the discussion of house bill No. 181. which would extend the time allowed for redemption of mortgages from one to two years- There were two ports, the majority and minority, from the judiciary committee, and the bill was killed. In discussing the bill tive Starke declared that it was the opinion of those members of the mittee who opposed the bill that the act could not affect mortgages now of real purpose for whicit the bill was introduced.
''It can affect only future gages," he said. "It couldn't reach the people it Is intended to help. Wo who opposed the bill felt that ing ought to be done which might impair the icredjt of the state, and make more difficult then it is now for the farmer to obtain money." Hempel, san, author of the bill, declared ho believed it would not affect credit and would bring relief in the future Speaker Twitchell declared that "if you pass this you will t''o money out of the state. This bill was killed two years ago in a partisan caucus because they knew that if it was passed it would drive money out of the state." The house was in session at one o'clock again today. It being the fort of the house to clean up its largo volume of business as rapidly as sible- House bills must'be out of the houpe and into the senate by the end of the fiftieth day of the session, stead of the forty-fifth day, as ously stated.
Disposition of Bills. The following bills thir reading and final H. B. the office of school district transferrin duties to the treasurer, tive Jan. 1, .60 to 60.
H. B. $500 expenses of three legislators to visit site of proposed Roosevelt National park, and make report to congressPassed, 78 to 34. H- B. inspector of grades, weights and measures to waive certain requirements to aid Farm Bureau pool selling plan.
Passed, 69 to 40. H. B. bill to 191, permitting higher sum be levied for storage of grain, it being held that rate of storage must be ed if Farm Bureau should take over selling of grain to large extent through pooling- Passed, 100 to 9. II.
B. school portation law making "transportation distance" for transporting school children from minimum of 2 1-4 to 2 1-2 miles. Passed, 102 to 5. The following bills' were' killed fore third reading: H. B.
pay of tion officials. H- Bi polls shall be open from 9 a. m. to 5 p. m.
the time to be increased by county sioners in certain cases at their cretion- H. B- law relating to attorney's fees and sheriff's fees on foreclosure of liens and gages by advertisem*nt. H. U. issuance of licenses to Insurance agents of other states to do business in North from states having reciprocal laws.
H. B- there shall no penalty or interest collected upon any real property for year 1920 until Nov. 1, 1921. H. B.
time for demption of real estate mortgages. H. B- county missioners from making contract ceeding $1,000 except on unanimous vote..
