Grand Forks herald. [volume], January 09, 1919, Image 6

About Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955

Image provided by: State Historical Society of North Dakota

                
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PAGE SIX.
i*'u'
(John H. «Rlch, Federal
Agent.)
At the end of a successful year the
federal reserve bank of Minneapolis,
after the payment of expenses and
dividends, has been able to transfer a
very substantial sum to its surplus
account, while setting aside for- the
franchise tax fund, as provided by
law, an equal sum. .' Proper depreci
ation cha.'ges have been made, and
the current statement of the institu
tion will show a very considerably im
proved position.
The "statement does not reveal, how
ever, that the year has brought a
large increase in the protective value
of the institution through the strength
of the Ambined gold holdings of the
bank and the federal reserve agent.
These holdings amounted at the close
of 1916 to $36,3"23,000. At, the close
of 1917, the sum had inc.-eased to
$70,334,000 and at the close of 1918
the gold holdings were approximately
796,400,000, showing roughly about
*26,000,000 increase during the year.
This extremely satisfactory result has
been brought about by the active
co-operation of the banks of the dis
trict, both member and non-member,
which have assisted in the accumula
tion of this substantial reserve-of the
money metal, thereby adding greatly
to the strength of the institution.
While there was a very active call
upon the reserve bank throughout
1918, it did not at any point reach a
sufficient volume to put a real strain
upop its resources. The demand dur
ing 'the new year will likewise be ac
tive. Whatever call may result, how
ever, from conditions in this district,
we have the assurance that the
strength shown in ^918 has been
largely augmented, and that the sup
porting power of the institution to the
whole banking st.-ucture in these
states has been increased well be
yond what would ordinarily be taken
as the safety point.
Business men and bankers are
looking for a good year. No condi
tions to cause apprehension have de
veloped, and except for some phases
of the agricultural situation, there is
nothing to indicate that the pros
perity which the district has been ex
periencing will not continue. Mois
ture conditions throughout the west
ern .half of the district are not en
tirely satisfactory and will have to
dhow considerable improvement be
fore the spring ^planting season, in or
der to present a guarantee of a good
crop. The hope of satisfactory soil
conditions has rested upon the amount
of the winter snowfall, and there is
still ample time to obtain the mois
ture that will be needed to put the
ground in proper condition, especially
in view of the fact that the winter,
until a very recent date, has been un-
ADVERTISEMENT.
No More Piles
A Free Trial of Pyriald Pile Treat®
meat I* One of the Grandest
Events Yon Em.
Experienced*
You are suffering someth'ng awful
with itching, bleeding, protruding
piles or hemorrhoids. Now, go over
Too Positively Cannot Afford to IgnOM
Tbe»e Remarkable Pyramid*.
to any drug store and get a 60'cent
box of Pyramid Pile Treatment. Re
lief comes so quick you will jump
for joy. If you are in doubt, send
for a free trial package by mail.
You will then be convinced. Don't
delay. Take no substitute.
FREE SAMPLE COUPON
FTRAMID DRUG COMPANY,
M5 Pyramid Building..
Marshall, Mich.
Kindly send me a Free sample
of Pyramid Pile Treatment, in
plain wrapper.
Name
&/
Stat*
—ilizt he used to think
he was getting more for
his money by buying a
big plug of ordinary to
bacco, until he ran across
Real Gravely. Now you
couldn't make' him switch
back to the ordinary plug
again. Gravely has that
A
GLD AGE STARTS
V-
of* A
if-V I.m Jfjini Ijai
tiiat oid'^ce Ifriliffijffit'
«ys and digestive iiyua.
ne, it i* es«y to believe
Hri diges-
»f»*5!E'38?2
im um
.wtti a »wallow of
tki Utof
f, Uthkj**
m. «ii
IN 9TH RESERVE DISTRICT FOR
THE MONTH OF DECEMBER, 1919
1
n\
Reserve usually mild, and in view of the ftfqt
that heavy snowfalls,1' whfch may
'ordinarily be expected,
come.
w%
are yet to
I The district as a whole has
weathered ihe unexpected conditions
brought on by the war in a very sat
isfactory manner. Business men and
the public would be ung.-ateful if, they I
did not recognize at the close of the
old year the immense service that has
been rendered by the commercial'
banks in all parts of the great area
composing this district and the ex
cellent efficiency that they have
shown in taking on a very large
amount of new and unaccustomed
business with the public, resulting
from the demands of government
financing. This business has repre-,
sented no p.ofit, but has been wholly
in the nature of a service to the
public. Instead of a profit, it has in
volved very considerable expense of
such a character that no reimburse
ment could be made. It has meant
long hours and steady application by
the officers and clerks in every insti
tution, and the handling of a multi
tude of small details incident to the
handling of subscriptiohs, deferred
payments and deliveries of bonds to
the public.
In meeting these unaccustomed
problems, non-member banks as well
as those that are members have
worked in the closest and most satis
factory harmony with the federal re-,,
serve bank, and have shown a spirit
of co-operation, without which the
organization of a very complex sys
tem to handle the accounting and
delivery of bonds, would have been
vastly difficult.
The satisfactory financial conditions
that have prevailed during the year,
characterized especially by freedom
from sharp fluctuations of rates, may
be expected to continue. Rates con
tinue firm, and probably will main
tain the same course at least until the
period of spring planting is. over.
I Some authorities believe that firm
rates may be expected throughout the
entire year.
Such adjustments as may be neces
sary in meeting the labor situation
appear to '.be proceeding smoothly.
The district is now beginning to ab
sorb a considerable number of re
turned men, with no signs so far of
unemployment. To a considerable ex
tent, the return of these men has been
discounted, and a substantial pro
portion of those who have been in
service are being dropped back into
their old relations in civil life o.- new
I activities arranged for in advance.
If any serious dislocation were to be
expected from this cause, there
would probably have been some mani
festations by this time. A favorable
factor lies in the character of the
business of the district, which being
largely agricultural, and which having
been short of farm labor for a con
siderable period, is in a position to
offer a very wide market for the labor
of those who are experienced in
agriculture.
Holiday trade was active every
where^ and reports indicate that it
was in satisfactory volume. Business
remains on an even keel, and with a
good spring ftutlook, the district
should show an excellent condition
throughout the year.
PRICE IS SET FOR
CONVICT MADE TWINE
St. Paul, Minn., Jan. 9.—Binder
twine made in the state prison plant
at Stillwater will retail during 1919
for 20 cents a pound for sisal and
standard, 22 centB for 600 foot manila
and 23 cents for pure manila, the
State Board of Control announced to
day. Prices on car lota are one-half
cent lower on each kind. The sc^ed
ules of prices range from one to three
cents a pound lower than those of
19.1.8 a^d 'from one and one-halt, to
five cents less than the maxin'ium
prices permitted by th£ feci il food
administration.
1
The portable output of the Still
water prison plant for 1919 is estimat
ed at 19,000,000 pounds. On that to
tal it' waff computed that the board
\\-ill effect a saving of $365,000 to
farmers of the ftorthwest by adopting
the new prices.
WELLS RESIGNS.
St. Louis, Jan. 9.—Rolla Wells,
governor of the federal reserve bank
of St. Louis and of the Eighth fed-
eral reserve district yesterday con
firmed the report that he had re
signed and said that he had been no
tified that his successor would bei se
lected soon.
good taste that every man
wants. It lasts so much
longer that you. get the
tobacco satisfaction you
are looking, for without
extra cost.
It gees further—that's mhy yon
earn ft tht gtoj tost* this ciatg
tobacco witktnt tstrm emit.
PEYTON BRAND
each piece packed in a pouch
ADVERTISEMENT. ADVERTISEMENT.
YOUR KIDNEYS
action and enables the organs to throw
ofltfe* pqtotas which cause prematura
old age. New'life and strength increaae
aa job contiaoe the treatment When
MMMtely restored continue taking a
MMds or two sach day. GOLD MED
At Haarlem Oil Gapsnlm will keep you
tolwUih«i^vigor aad prevent a^wttn.
JBo wHS* mrtil-old am *r laeaae
^re settled down for
good.
At the first
•Wl year Udneya are not working
-tT5,
on
jMLnAoM tf they
)IMk Three aiaea. But
Japs Break
Scenes at Japanese athletic meet.
Tashimo of Tokio Agricultural Col
lege winning high jump with pole,
Kondo of Tokio law school, win-.
ner of shotput, and field in twenty
ilvc-'mile marathon.
SMOKERS CAUSED
MANY FIRES IN
UNITED
V:'
$15,000,000 Worth of
New York, Jan.
ers and users of
with the National Board of Fire Un-
derwriters beginning today.
Figures showing that the United
States leads the world in property de
struction -by fire were given in the
opening session, the damage per capi
ta being stated as $2.10 annually in
this country as compared wlth.,»*4D
cen^s in. France, 33 cents in Eng^tend,
2# cents in Germany, 25 cents in/Italy
and Austria, 15 cents in Switzerland
and 11 oents in Holland.
Homer Rutledge, of Lansing, Mich.,
fire marshal of that state, discussed
"The Arson Trust" and showed how
incendiaries had burned $8,121,816
worth of property in one year during
the war, exclusive of the many other
millions destroyed indirectly by ex
plosions. Ole O. Roe, of Pes Moines,
fire marshal of Iowa, in an address on
"Pyromania," said education was one
of the most efficient nieans of com
bating this evil. F. R. Morgaridge of
New York, formerly assistant- fire
marshal of Indiana, said mqst fire
bugs were adolescent boys and girls.
He advocated proper home" arid
school training.
Despite the fact that the United
States was at war and that enemy
agents were active, twenty states re
ported a slight decrease in the num
ber of cases of arson. While it was
announced as a fact that in the first
nine ihonths after America drew the
sword of $43,000,000-worth of war in
dustries went up in smoke, in only
ten per cent of. these cases was there
even suspicion of spy-work. "Care
lessness" was designated as the big
gest firebug of all. One grain elevator
fire alone destroyed enough wheat to
make a year's supply of bread for
^2,00.0 00 soldiers.
'MarW rtfires at first attributed to
Germain spies and pyromaniacs were
found, upon inyestigation, to be due
to other causes. One notable in
stance was a spectacular and costly
waterfront fire in Brooklyn, the Dew's
Stores, in which a vast quanaity of
grain intended for shipment to the
Allies was destroyed: It was discov
ered that the blaze'was the result of.
a dUst explosion caused by a spark
either from friction or static electrici
ty. Another conspicuous instance was
the Baltimore pier fire which at first
Was positively ascribed to pro-Qerman
plotters. Rigid investigation by Fed
eral agents, according to Are mar
shals definitely 'determined its' non
incendiary origin..
Following a reference to' the Mor
gan, N. J., disaster in whiciy^Tiarly
one hiindred lived were lost and- $20,
000,000 damage done, delegates spoke
of the work Accomplished the past
year by the fire prevention section of
the War Industries Board. This bur
eau, it was stated, had inspected more
than 2,000 large plains valued at over
110,000,000,000 and in. a .large per
centage of cases the' "safety" recom
mendations of ifs volunteer dollar-a
year engineers were carried out.
It waa stated that 'fire prevention
methods adopted for the sixteen large
'army eantonmenta' throughout the
United:" States bad proved, most efTeo
tive 'although these camps consisted
of wooden buildings. Hazards were
rMuded ttf the minimum bjrf ftffcfcer
watchfulness, water protection, iso
lation. conduiting and enforcement of
regulations in regard to sxpoklng^and
the use.of matches anfl,lights.
H. C. Brearly, ode of the speakers,
said New York dty was In imminent
peril of a great^onflogratloh when on
November 7, after the erroneous re
port of the German surrender, a
"storm' of paper was thrown from
the., windows of business buildings lit-.
taring the streets to a depUt of aev
eral inches and many miles of ticker
t*pe\covering telegraph and telephone
wi«» cons^ttfted a lire Ijafftrd qt tlie
M0
mam
*4
fPM
GRAND FORKS HERALD, THURSDAY, jAWiM^ (Tl»lfc
Rccoi ds
A number tf Japanese records were broken in the track and field meet staged at
Tokio„ Japan, recently. Collegiate stars from all over the empire participated. These
show Some of the stars, of the meet. The one of Kondo, winner of the shotput,
ment of the athletes. I The high jump with pole is the same as the pole vault.
Prop­|can
erty Lost in Country by
Carelessness.'
9.—Careless smok
matches were
re
SB
I great power. Fire Chief Kenlon of
I New York City declared that if a seri
ous blaze had started at that time, or
on November 11, four days later when
the scenes of pandemonium were re
peated, all New York might have been
laid in ashes. The
1
fire departments
would have been laid in ashes. The
lire,departments would have beeiT
crippled also, he said, by the crowds
-of traffic congestion in the streets. As
one of the delegates., expressed it,
I "Thus, wis invited the greatest loss of
life and property, perhaps, in Ameri
history."
The fire marshals present at the
conference with the -underwriters in
cluded five committees on co-opera
tion between the two organizations,
whose, efforts are directed to "warring
on carelessness" and to increasing the
efficiency' of fire prevention in the
United. .States. Thesecommlttees fol-
.... low: \incendiarism and arson, F.'~5.
sponsible for $
15,724,556 of the total Bartow,^ New York chairman: H6m
!°Ss..°f $60,466,054 worth of property
er
by preventable fires in the United Morgaridge, New Tork Ole O. Rowi
States during 1918, according to!
members of the Fire Marshals' asso
ciation of North/America who are
holding a two day's' conference here
Rutledge', Lansing, Mich. PI R-
I Des Moines, la. Actuarial bureau,
James Wwper, Hartford, Conn., chair
man John G. Gamber, Springfield,
Illinois Charles H. Lum, New York
L.
t. Hussey, Topeka, Kansas. Fire
prevention and construction of build
ings. Sheldon Catlin, Philadelphia,'
chairman James R. Young, Raleigh,
North Carolina George W. Booth, Ira
H. Woolson and Chief John Kenton
of the New York fire department.
Public relations, E. W. West.of .Glen*
Ralls, N. T., Goodwitt Lee.
T. A. Fleming and H. C. ®rearly of
New'1 York.
Musi Have .Permission
To Employ Men From
Any Enemy Country
London, Tuesday, Jan. 7.—(Via
Montreal.)—The London Stock Ex
change has passed a rule under which
no merpber shall without special per
mission of the committee, employ in
any capacity any person of German,
•Austrian, Hungarian, Bulgarian- or
rkish birth.
..
TO HIM I'liLt NEVER KNOW.
Here's a toast that I want to drink to
a fellow I'll never know,
To the fellow who's going to take my
place when it'a.time for me to go
I've wondered what kind of a chap
he'll be and I've wished I could
take his hand,
Just whisper, "I wish you well, old
man," in a way he'll understand.
I-'d like to give him the cheering word
that I've longed at times to hear
I'd 'like to give him the warm hand
clasp' when never a friend seems
near.
I've learned my knowledge by sheer
hard work, and I'd like to pass
it oft
To the fellow who'll come to'take my
place pome day when!.am gpjie.
Will Ke see ail the sad mistakes I've
.made and note all the battles
lost?
Will he ever guess all the tears
they've, caused, and the heart
aches they have cost? ,|
Will he gaze through the failures and
fruitless toil t6 the underlying
plan,
And catch a glimpse of the real in
tent and heart of the vanquished
man?
ADVERTISEMENT*
Get at the Real Cause—Take Dr.
Edwards' Olive Tablets
That's wiu± Ihouaimh
.of
tomach
mffexen are doing now. Inatead of
takfav took* or
tryjog to
Jt* aaoold
Tajta me
patch up
poor dfeestiao, fbey axe attacUas the
red cause of the ailment—dogged Urn
and dhordered bowda.
Dr. Edward^ OUre Triiieta aroow (Iw
liver ia a nnotfting, bealiog ufa. ffheu
the and bpwilaOn pertbmingtheir
natugfl f^tiqp^ away'g^ee
9n% too^uo ooeted,
7, doo't-care feding,
•Jtrgr, tsoabtoa
no amwtion or
wnh mxHgeated food*
take
Ottve MM*- tta cob*
Jtuto for calomeL
Dr.: Edward^ Olhre TaUeta am
purely fggetaMe cOmpbqad tnixed with
olive oiL Too trill know them by their
dive color. D^f^de tbe nHaik- iritfaoot
ok two
remt
so
vm
AT Mb aad 26c
v.
•W-'
I4
Mf* •&
in.Athletic Meet
F*
Shibaura playground,
pictures just received
shows the remarkable develpp-
I dare to hope he will pause some
day. as he toils where I have,
wrought
And gain some strength for his weapy
work from the battles I have
fought
Bift I've oily the task itself to leave
with the cares of^him to. face,.
-And never a cheering word.to speak
to the fellow who'll., take-., my
place.
"thea here's to your health, old chap
I drink as a bridegroom to his
bride
I'll leave an unfinished task for you,
but God knows I have tried.
I've dreamed my dreams as all men
do, but never a one came true.
And my prayer today is that every
one may be realized by you
And we'll meet some day in the
Great. Unknown1—out to the
realms of space,
•You'll know my clasp as 'i"take'you'f
hand and gaze in your tireb face
Then all pur failures will be success
in thefc light of the new-^found
dawn,
So I'm drinking the health of the man
who'll take, my place in the world
when I am gone.,
—Los ^ngeles Times.
for War.
BlUCKt !..f, *T'i ... .V
..
V"-8rt
Its capital is unimpaired and it
substantial fmaocial basis.
*.•&* J? 2
il
\K^
of Ltekgue
Nations.
of
Paris, Wednesday, Jan. 8.—(By The
Associated Press)—Robert Cecil, who
has arrived here with the first section
of the British peace delegation, ex
pressed the opinion to The Associated
Press today that the definite organisa
tion of a league of nations is indis
pensable as a first step toward the
conclusion of, that enduring peace and
a satisfactory settlement of interna
tional problems which have arisen out
of
LordWRobert made
London, Jan. 7.—Charges brought
by the British government that the
former Swedish government, or Lieu
tenant-Colonel Wikland of the Swed
ish army, had allowed their names to
be used as consignees for. wool pur-
it was
I
Iim
'I
"J
1
5 .-I
I f,"
W
m§ws*®
[.Lord Cecil Defines Scope ^aWee^rthenSwedjsh goveroment
lej,
it
clear
statements Were personal views and
not an attempt to give, the views of
the British government.
"A league of nations is necessary
as the initial step in the peace ne
gotiations," said Lord Robert. "It is
not only necessary to" insure peace
but also for the proper treatment of
many international questions which
must be considered by the peace con
gress. Joint international action in an
organized and recognized form is
necessary to relieve millions of peo
ple who are at this moment destitute
of food and other necessaries of life
to regulate permanently many vital
common interests such as interna- Pac
tional railways, posts, waterways, tele-
graph, the use of the air public1 almost any good shoe store. Tnejr
health and the protection of
wonfen
&n<Uuveniles in industry and to dis- of the family. Neolin Soles are also
charge adequately and justly the re- available everywhere for re-soling.
sponsibUlties bf the great civilized na- They are produced by a scientific pro
tions in such a great matter as the cess to be what soles ought to be, com
protection and guidance of backward fortable, waterproof and long-wear
peoples. It is the sum of all these ing. They are made by The Goodyear
recognized joint activities, interests Tire & Rubber Company, Akron, Ohio,
and responsibilities that we call by
the name of 'league of nations.'
"It is our business to' give this
league definite form here and now."
HAS FINE TEAM.
Camp Grant, Jan. 7.—Camp Grant
is boasting of a real basketball team.
The score or more of ex-college stars
and professional players who have
reported to Capt. Lewis Omer, ath
letic director here, promise to furnish
spirited opposition to middle west
teams this season.
/Delmore, the football star, has been
chosen captain of the-squad and will»'
play forward. Johnson, a giant player
who has seen service with the Minne
apolis high school eleven, has been
making a good showing for the other
forward job. Freund of Hiram col
lege is making good at center, and
Amberson of North Dakota look like
promising guards." 'Carl Lutes, foot
ball captain and fullback, who starred
with Creighton university, a few-, sea
sons back, is at the. -pther- guard.
Grout, from last year's- -Minnesota
freshmen Hemseth of Cleveland and
Chicago T. M-' C. A. teams, and
Bonaghey of Holy Cross,' are among
the other candidates.
1
Officers and men are eligible to
try for the team and many mare can
didates are expected when it is de
termined whether they are to be de
mpbilized or remain in camp for the
winter.
Capt: Omer is arranging dates with
Chicagb, Northwestern, the Illinois
Athletic club',~ Beloit cpllege and other
first class quirttets.
charges dropped!
W
EVENING EDITION.
JJIii
•iih German money.
Sir jonu 0iuivui.
claimants, protested
ernment's allegations. He called lit
tention to Btatements made in
House of Commons that ®w,4en. J"
I .sending r»v wool to Germany to be
•pun Into yarn and returned forjtfj.I
of the Bwedish array, and d^iared
had been guilty of a violation of neu
trality.
The terms of settlement ''ere not
given out Sir John Simon told thj
court it •'will leave no soreness on.
either side and will express the
friendly feeling which has in thepMT
history of the two countries existed,..^
and which both the Swedish and Brit-
governments desire to continue
between these two great independent
states." '.
PARENTS, READ
that his, How a Father Has Learned
Your Hair
Now it is Peace and Pan Is prepared
for Peace. Pan believes in and prac
tices Preparedness.
It is the nature of the business the
character of the Enterprise.
Perhaps no manufacturing industry has the broad ap
plication^ the wide elasticity, possessed by the modern
automobile plant
From Peace to War, or froni War to Peace, is only a step when
the equipment is complete. There is little lost time and little lost
energy. From the bayonet to the plowshare is only a whisper.
The Pan Motor Company has invested in fixed assets-buildings
machinery and equipment, outside of real estate,
Over $1,800,000.00
'T no bonds, no mortgaees, no preferred
ti...
a comfortable surplus No
Portions and of like age was ever on a more
jr ej•
•Si.vr
Hi
"it..
It
MO TO CO PAN
SAINT CLOUD [Pm 7Wr)i MINNi
Tlits'
to Save Shoe Bills.
"My son is very hard on shoes, so
keeping him properly shod has been
quite an expense to me," writes Mr. J.
Allison Allen, of Amity, Arkansas.
"But since I started to buy Neolin
soled shoes for him I have found that
it costs only about a third as much to
keep him in shoes."
This is because Neolin Soles are
tough and durable that they wear a.
very long time. Shoe bills are kept.,
down because you don't need so many
&You
can get Neolin-soled shoes at'"
Y0L
come in all styles and for all member*
who also make Wingfoot Heels, guar
anteed to outwear any other heels.
Neolin Soles
ADVERTISEMENT.
Scott 8c Bowne. Bloom ftcM. N.J. 18-17
li i.
„tnr„ The»
/.
fcNERGY
on
life's momentum, depends upc
a well-nourished body. Wfcen
strength is depleted ana the body
lacking in essential nourishment^
the nerves are the first to softer*
SC0TTS
EMULSION
:.c.
simon-pure in substance, rich in
toiyc qualities, nourishes the
whole body and strengthens and
•toadies the nerves. Wherever
the sun dunes, SootCt is the
recognized standard tonic-food
and cooserver of strength.
ADVERTISEMENT.
Why Lose
The Cane
Dandroff and
Itchiag
Cuticura
prepared
f.
il
ii
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v'
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"r-vf '.'jffSa.
e,
mi'
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