Bismarck daily tribune. [volume], December 10, 1909, Image 4

About Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916

Image provided by: State Historical Society of North Dakota

                
^y^ss^jj^si^sssii^
•OUR
8fc* §i*marrft Wihxmt.
Every Morning Except Monday and Weekly.
By M. H. JEWELL.
Publication Office:
800 FOURTH STREET, COR. BROADWAY
Established {Jveefiy. lOTlJ01*1'*'
Post' says:
In any
considerationt
S to
Telephone—Business Office, 32 Editorial and
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No attention paid to anonymous contribu
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editor, but not necessarily for publication.
ADVERTISING AGENTS:
La Coste & Maxwell, 140 Nassau Street,
New York. North Star Daily Press Asso
ciation, Germania Building, St. Paul, Minn.,
tor business in Minnesota, Wiscousin and
South Dakota.
Manuscripts offered for publication will be
returned it unavailable. Communications for
the Weekly Tribune should reach this office
on Wednesday of each week to insure pub
lication in the current issue.
Correspondents wanted in every city, town
id precinct in the western part..of toe state,
MEMBERS OF ASSOCIATED PRESS.
THE CENTRAL BANK.
All papers are continued until an explicit
order to discontinue is received, and until all under the influence Or dominion Ot
arrearages are paid.
Entered as second-class matter.
which the central bank is "held by!
The discussion of the proposed
changes in our monetary system, and fectorsr they "were excellent judges
the suggestion of a Central bank, ren- 'of bills and securities, and they were
ders interesting some particulars not to be deluded into lending coun
... „„„tn «^-„s„„ ,K„W,V!„™. tenance or support to reckless spec
with reference to foreign banking „, „.„_„_i„„
So great is the prestige of the bank
of England in Great Britian that it
is enabled to communicate it to other
banks, which keep deposits with it.
Practically all of the English, Scotch,
and Irish banks do keep an account
with it. It is thought to confer a
distinction upon a merchant or bill
broker who is admitted as a depositor
of the bank. There is a firm convic
tion throughout the country that the
government is behind the bask, and
that the bank in its turn is behind
the other banks, so that one of the
chief requirements of any banking
system, the full approbation and con
fidence of the public, is insured to a
really remarkable degree.
The supreme control of the affairs
of the bank rests with the governor,
deputy governor, and court of twen
ty-four directors, who are elected an
nually by the stockholder*- It is cus
tomary tor a governor £jpbd deputy
governor at the close ot&thelr'.irst
year of office to ije re-e$pcted for a
further term of one year, and av dep
uty governor is usually elected to the'
ollie of g^e^wjflfftte completion
of vtwo year**-tmwtb' ww second
the banfris diffded inUf two fcreat
departments: That undents* cfatef
adcfcrantaqE who is responsible •f'ffw
th» management of the stocks form
ing the national debt and otter reg
istered stocks—home, Indian, colon
ial, «W:"He also beeps the- bank's
own aeeonntso. That under tbe chief
cashier wh~6 has charge of tne issue
and payment of notes and all bank
ing btisineM, such as drawing ac
counts, loans, discounts, and all
other matters involving dealings in
cash.
In aetes! practice the selection of
directors is confined to those who
are, or have Wen, menibeTr of mer
cantile or financial houses, excluding
bankers, brokers, bill discounters, or
directors of other banks in the United
systems and central banks. The New legitimately conducted on a
York Evening Post has been making sound, conservative basis. So that in
some independent investigations with I spite of its apparent defects and its
reference to the subject, and while it anomalies, the bank has succeeded in
attaining its foremost position be
is agreed that none of tne foreign
systenis is applicable to this country's managed in the interest of the gen
business, the more information we eral welfare.
gain on the general subject the bet
„, NOT UNEXPECTED.
ter we will be equipped to legislate
wisely.correspondenk
Of the Ban of England, the1 announcements Thomas F.
central bank Grea Britian, the'
of the possi
bilit of adoptinf features of the Eu
ropean banking and credit system to
our needs this phychological factor
of confidence always must be consid
ered. Before any account is given of
the relations existing between the
Bank of England and the government
and between the bank and the other
bankers of Great Britian, it is
nottween
Kingdom. New directors are always
chosen from among the most promis
ing young men in the city. When
the deputy governor succeeds the
governor, usually the oldest director
becomes deputy governor. In the or
dinary routine of rotation it is us-is
ually about twenty years from the
time of a young man's election to the
directory before he becomes govern
or. The young men have not much
influence on the board.
Thus it is that the direction of the
bank is under the control of "a shift
ing executive a board of directors
chosen too young for It to be known
whether they are able a committee
of management dn which seniority
is the necessary qualification and old
age the common result and no train
ed 'bankers anywhere." The last
feature will probably strike most per
sons as being the most curious. Here
is probably what is the greatest bank
in the world under the management
of a board of control from which
bankers are specifically excluded.
Yet one of the notable features of
Ihe history of the bank is the small
amount of "toad business" It has been
led into. Its name has never been
connected with any large or discred
it
has.never
a a
candidacies for the long and short
term in the United Statef senate were
expected and will no surprise'
In political circles in the state. The
simultaneous publication of the an
nouncements and the agreement as
to the long and short term indicate
a political understanding and an of
fensive and defensive alliance be-
a a 1 1 a
A- J-creatnen
he
the whole country, how it is looked last year and was defeated hy M. N.
up to by the other bankers, and howl Johnson, whose death leaves vaean
it is depended upon in the gravest. _,, *„K« «n«i- „«J ™VI-T. I
crises to do jwhat should be done. Ailed, for which- place
Most important of all, when the bank
Mr-
tioning support In every element of .extend over a period covering nearly
the business and finance of the coun-.
a
A deposit in the Bank of England
is regarded as so much gold. AH of,
the other banks in Great Britian,
with one exception, make a practice' will probably be followed with morej Try the Tribune
of setting down "cash in hand and at detailed statements of the platforms &-'
the Bank of England" as one item
in their 'balance sheets, as if there
was no difference between the actual
holding of gold and a balance at the
Bank of England. The other bank
ers never separate the two parts of
this item, but it is known they keep
only a small actual cash balance in
their own strong boxes, and that the
bulk of their available cash resourc
es is in the form of credits on the
books of the Bank of England. The
"bank itself makes no separate return
•of the amount of bankers' balance it
"holds, but it is believed to average
about £22,000,000. This, however, is
•only an estimate of financial men in
the city, based on their knowledge of
the practice of the other banks and
the general monetary position.
"~~yjSSTS!g£aS«g3S^^
been
any man or clique of men who could
"use it" in the furtherance or pro
motion of financial schemes for their
private enrichment. The great
strength of the bank, through which
it has been able to entrench itself Devils Lake 24, which was the cold
so firmly in public confidence, seems st point in the state. It was 10 be
to have lain in the high character of.x
.K-.ar.tm.s
0 rA
f,a
carefully chose« directoro and the
steady attention they have always
given to the bank. They have been
proud to serve on the board of di-
a
,,„*.
ulators or to any enterprise that was
"character" and was
a 6
Mr. Marshall.and Mr. Gronna.
People at the second primaries
Gronna is a candidate. The sen-
does take action its decision is not atorial primaries are.something more
questioned by the other banks, by the than six months away, but the an-j it will riot be too'late anytime" up
S V^aS" ^5°I1S" Uonncements just issued indicate to December 15 to get your photo
Clal houses. I Can always COnnt UP-!
oranha Inr a CWI»r»a
on, and always receive, the ungues- that the campaign has begun and will
year in the event that ho candidate1 /Roller seating,at the rmOry on
'receives.
in June
Both announcements are brief, but
upon which the campaign will be
made. Mr. Marshall briefly announ
ces himself as with the people and
against the "interests." Mr. Gron
na's platform is much the same, and
also to be later amplified. Now
that the ice has been broken we may
expect further political announce
ments, particularly of candidates for
congress to fill the vacancy that will
be caused by the retirement of Mr.
Gronna.
The weather forecast published in
the local columns this morning, cov
ering all sections of the west and
northwest, emphasizes the fact, well
known by those who have kept tab
on the weather for the past few
years, that Bismarck and the Mis
souri slope is a favored region. The
temperature at Bismarck is generally
several degrees warmer than other
portions of the state and the snow
fall is seldom as heavy as elsewhere.
The maximum' temperature at Bis
marck yesterday was 10 degrees be
low zero. At Fargo (Moorhead) it
was 20, at Pierre in South Dakota
on the Missouri river, 10 and at St.
Paul, 12. At Winnipeg the ther
mometer indicated 34 below and at
Prices 15 and 10 cents. The latest
moving pictures in the coziest littl»
theatre in the state.
forty per cent of the vote .Hgtiirday evenink-,•orchestra.
J. P. FBfcNCH
holler skating at the Armory on
Saturday evening, from 7:30 to 1C
o'clock. Music by orchestra.
ARTS AND CRAFTS.
The last two pieces of hammered
Brass, a beautiful umbrella stand and
a large JardJnier, came yesterday,
completing our stock of .flhis 'for titis
year. We want you to see the as
sortment as well as, jtnnuaneraible
other thBflgs for Christ
anas. Somehow qual
ity stuff is our hob
by.
BISMARCK DAILY TRIBUNE, FRIDAY MORNING, DECEMBER 10, 1909.
a a
reached in many western cities.
AMUSEMENTS
GRAND
Moving pictures aiid illustrated
songs.
"The Lost Handbag Comedy," "A
Great Baseball Game." Song: "It
Makes a lot of Difference When You'rc
WiCh the Girl You Love." "The Man
and the Girl,? drama. Song: "Give
Me More Chance." "The Tranpers,"
drama.
HE
or
Christmas^, at .Butlers
o'clock Music by
isiiiiiiiii^^
MRS. JUD A MOURE
W I LL
St. Paul Pioneer Press: Mrs. Jud.
son LaMoure, wife cf the ... ve'eran
Nci th Dakota senator and politician,
Is at the Mercnants hotel in St. 'Paul
critically ill. Mr. and Mrs.. LaMoure
liiave a summer home at a little .place
named Smiley, near Brainerd, and,
last June when going tq (heir summer
place from tli«ir home at Pembina,
Mrs. LaMoure slipped and fell when
getting off the train at Smiley. The
injuries were such that Mrs. LaMoure
has been -under the care of trained
nurses constantly since the accident
and has been at the hospital at Brain
erd the greater part of the tme. Late
ly it was decided to remove her to
St. Paul and place her under the care
of specialists and she was brought
here yesterday.
Mr. LaMoure. who has ibeen with
his wife almost constantly since the
accident last summer, came down on
the same train yesterday morning
and is at the Merchants.
WELL KNOWN ATTORNEY DEAD.
W. R. De Pew, aged. 64 years, who
for many years has been -a promi
nent attorney of Walsh cb inty, died
at the home of his son, States At.
torney De Pew, in Grafton, loconao
tar ataxia being the cause of his
death. The remains were entered at
Minto on Thursday and the funeral
services were held from ihe First
1
from 7:30c to 10
»W——~*-~- XMAS PRESENTS?
Come into our store and save time by having such a large, select and complete stock to
choose from. "A Tip for you"
COMMUNITY SILVER
See our extensive line of this
popular silverware. All sizes in
Spoons, Knives, Forks, etc.
Silverware is a very appropriate
Xraas Rift. Call and see our line
and get prices.
FRENG SL WELCH
Phone frt.
Mate Street.
•a):
•a
•"mmrnm
Many other useful articles here. You save time, money and your patience at our store
BISMARCK, N. D.Hare&
ALEGAL
Twenty=Nine Cents
Per Yard
Worth 35c to 50c
*+++++++++0+++++++++++++++++++++++4
Spend hours thinking what you will give for
"'-f
binding contract
to refund the money if
ache and all other neryons
of the blood and make cold feet warm,
Methodist church at Grafton Thurs
day afternoon. The deceased is the
father of States Attorney De Pew and
the only other relatives he leaves are
a mother, a brother and a slsteT iback
in New York state. Mr. De Pew was
well and favorably known by a large
icircle of friends.
FANCY RIBBONS
For Christmas Fancy Work
AND TRY A PAIR
Money Positively Refunded If They Fall to. Cure. Mention if for Lady or Cent.
ay on Tables Near Corner Entranca
Department Store
•••••••••mi
WH O YOU
A List to Consider before Buying
Carving Knives. If you find th£t ybu witit to bujr^-
a set of Carving Knives^ we are at your service ...i
Chafing Dishes. One that pleases aad one that will
be appreciated. Weareauthority on chafing dishes.
Lisk Roasters. A nice present for the mother-in
law, mother |f a
See them ^$»^ ii1^- ^•v'
.- ...... W
Successors to
Preach
.',#. ^S:&
GEO. A. WELCH
a try the new ELECTRIC
A TftEAiMENT. the only
y-T^- ineatis known to scienceeilenc
IF YOUR DRUGOIST CANNOT SUPPLY YOU SEND $1.00
DIRECT TO THE
ELECTR0P00E COMPANY, Dept. 94, Lima, Ohio
Scri
O S A N O
CHOICE LINE
of Cutlery, Granite and Nickle plated
ware, at the Union Mercantile Co.
Roller skating at the Armcry on
Saturday evening, from 7:SO to 30
o'clock. Music by orchestra.
Try The THfaune Want Columns.
V'
0*00»**)# *+oN»#*«^«^io^a^#'»SS»#«y«.#
Forty=Mine Cents
Per Yard
Worth 75c to QOef
»ik
-.St*-
«$?••
.-...».ftV..J.|S.-:.^j.