davidaulloa/AmericanStories huggingface dataset:
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
TWO BANKING
BILLS PASSED
IN THE HOUSE
Important Measures Affect
ing Reserve and Credit
of Banks Passed
OTHER HOUSE ACTION
Many Bills Are Passed Dur
ing Long Period of the
Lower House

Two important banking measures
which originated in the Senate pass
&c the House of Representative yes
terday afternoon, and after settle
ment between the two Houses of the
question of minor amendments, are
expected to go to the Governor for
| signature.
Senate Bill No. 23G, introduced by
Senator McLachlin, Independent,
jCass county, Increasing the reserve
required Of state banks, and Senate
Bill No. 2l0, the compromise bank
! credits bill which came out of the
Senate committee hearings, both
passed, the former by vote of l04
to 0 and the latter by vote of 95
! to /.
The McLachlin bill provides that
after January l, 1926, state banks
must maintain reserve of Is per-
| cent of demand deposits and amounts
due other banks, and 10 percent Of
time deposits, and after January 1,
1927, the amounts are increased, res
pectively, to 20 and 10 percent. The
bill provides that one-fourth of the
reserve may be carried in United
States or State of, North Dakota
bonds.
Senate Bill 21O
Senate Bill No. 21O limits the
amount banks may borrow to 20 per-
cent of deposits, but provides for
greater borrowing power on the au-
thority Of the state examiner. 1t
prohibits pledging more than $1.5O
OF collateral assets, face value, for
$l.0O of loan, and makes other re-
strictions on borrowing. The bill es-
tablishes a new principle, normal
and emergency" borrowing power.
giving the state examiner authority
to provide for greater loans in emer-
gencies.
/ The House moved at rapid pace
during it's session, and passed many
bills during the morning and after
noon. Senate Bill No. 230 was ap-
proved in committee Of the whole,
with amendments, providing that
rural school districts may charge tut
tion to other districts sending pupils
to their schools, a right now held
only by high schools. In the same
committee of the whole session a
bill permitting political parties to
place voters guides in polling booths
was killed. The Bond bill to repeal
! the state guaranty of bank deposits
act was indefinitely postponed, with
out discussion, as was bill provid-
ing that absent voters ballots should
be printed exactly as other ballots.
Lien Bill Passed
The House passed Senate bill No.
265, which reduces from 80 to Is days
the time within which thresher
must file lien. 1t also passed Sem
ate Bill No. 270, raising the quail
fications for obtaining teachers
certificate, by providing that after
July l, 1926, to get a second grade
elementary certificate graduates Of
Highway Schools must have six
weeks of normal training, and after
July l, 1927, must have IL weeks of
normal training. |
A measure designed to limit state
employes' travel was passed, the bill
CONTINUED on page %
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
Oath of Office
tBy the Associated Press)

tBy the Associated Press)
Washington. March 4.-The oath
of office of the President Of the
United States is prescribed by the
Constitution, and in that form has
been pronounced by every President
from Washington to Coolidge. 1t is
s'follows:'
II do solemnly swear Cor affirm
that will faithfully execute the Of
flee of President of the United States
and will, to the best of my ability
preserve, protect and defend the Con-
stitution of the United States"
When President Coolidge first took
the oath at Plymouth. Vermont. af-
ter the death of President Harding
he added,
$50 help me God"
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
TOO MANY WOMEN NJ. DIS

London, March 4.-Great Britain
now seems to have an oversupply of
women doctors, as the result of the
great feminine influx into the med
ical profession during the war.
Seventy eight women recently APP
piled for the position of medical
officer at children's hospital. The
position pays less than $500 year.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
HE GOT ENOUGH

London, March An five min
utes here man was sentenced to
one month for attacking the police,
another month for neglecting his
wife and family, % days for default
in paying alimony and fined one
pound on each of five summonses
for motoring offenses.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
TRIES SUICIDE
SECOND TIME

Valley City, n. d., March A.
Gabriel Polakis, 3s, of Lucca, who
failed in his attempt to commit sui
eide by shooting on Jan. %, was
taken to the hospital for the insane
al Jamestown, following a second at
tempt to end his life at Riverside
hospital here, where he has been
cared for since his first attempt.
This time he cut his throat with a
pen knife. and after tcrrorizing the
nurses, leaped through an open win
dow of the second story. Captured,
NE was taken to the county iai! and
placed in padded cell,
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
ROB HAIR FOR TEMPLE

Tokyo, March 4.-Ninety girls
bobbed their hair and placed their
shorn tresses in the cornerstone of a
new temple. The superstition is that
this would save the temple from ever
being destroyed by fire. One maiden
offered herself as human sacrifice
to be buried in the cornerstone. She
believed another temple near escaped
the earthquake because young
woman had been buried alive in it
hundreds Of years ago.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04


minority report this afternoon.
The report Of the majority Of the
special House Highway Commission
investigating committee was COM
pleted today and was to be submitted
to the House during the afternoon.
The report was to be signed by
Chairman Roy Yeater, F. A. Vogel
and w. A. Thatcher. Nonpartisans,
it was announced early this after
noon, and at that time it was not
certain whether the Independent
me mbers, Anderson of Stutsman and
Halcrow, would sign minority re-
port or the committee report as
drawn.
The report, a 65-page document,
| reviews testimony taken before the
commission and severely criticizes
| the administration of the Highway
! Commission in many respects, par
ticularly as to the proposed settle
ment on Federal Aid projects SO and
SO in Richland county, for which
Treadwell Twichell Of Fargo was
contractor.
| ut is also suggested that, in the
! future, before thousands of dollars
are paid out to contractors fo1
claimed additional work, the Attor-
ney- General of the state, of North
Dakota be consulted and requested
to give an. opinion yas to whether 0,
not any of these contractors are leg
ally entitled to recover any portion
Of the amounts which they claim
(referring to Twichell, and others)
and whether or not the state has :
counterclaim against said contractors
for the liquidated damages provided
for in the contract" says the major
ity committee report.
st also is the belief of this com.
mittee that if w. G. Black had con.
suited the Attorney General prior t.
the making of any payments to T
Twichell on the contracts in Rich
land and Sargent county. the Fedora
government and the State Highwa!
Commission of North Dakota woule
probably have saved from $4,000 te
$4,000"
The report criticizes specifically
various operations of the Highway
Commission, including methods Of
handling surplus war materials, in
cluding automobiles; farming out OF
surveying jobs, Valley City paving
job, the action of the Highway Com
mission in proposing to take 0,00(
from the bridge fund to pay for paw
ing west of the Missouri river
bridge at Bismarck, and the propos.
ed Burleigh county paving project
east of the city. The committee de-
MED any politics or animus marked
its actions.
"At the time the committee begar
holding it's meetings, no charges had
been made against the state highway
commission, or any member thereof
and no charges were preferred by
any witness at the hearings" says
the report. "Inasmpch as the reso'
luton which was passed, creating
the investigating committee, did not
make any specific charges, the policy
was adopted of hearing all persons
WHO had any information whatever
to give concerning the way the money
was expended, the method of award
ing the contracts for building OF
roads, settlement of completed pro-
jects and. in fact, all matters which
seemed to the committee would be
Continued on page three)
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
LEASES KAIsER,s yILLA

Rome, March 4.-Gabriele dan
nunzio has leased for nine years the
former kaiser's villa, "Falconieri,'' =
near Rome. It was first reported
that the beautiful estate had been
given to him. IS N
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04

PRESIDENT INAUGURATED AMID
SCENES OF SPLEND0R IN SPITE
OF HIS URGE FOR SIMPLICITY

Striking Contrast Between Time He Took Oath of Office in
Little Farm Home in Vermont and Today in Washington
Is Seen by Those Witnessing Both of the Ceremonies
Cooidges Father Stands Near Him During the Cere-
monies
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
WEATHER CONDITIONS

A well defined low pressure area
is centered over the northern Rocky
Mountain region while high press
ure area covers the Southwest. This
pressure distribution is accompanied
by warm, pleasant weather from the
upper Mississippi Valley westward
to the Pacific coast. Temperatures
are above freezing this morning over
the Rocky Mountain region and at
most places in the pakotas. Light,
scattered precipitation occurred over
the northern Rocky Mountain region.
Elsewhere the weather is generally
ORRIs ". ROBERTS.
Official ID eAaseo.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04

Boots and shoes are manufactured.
in l72 factoriss ia Haverhill, Mass.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
Weather Report
WEATHER FORECAST

WEATHER FORECAST
For Bismarck and vicinity: Cen
orally fair tonight and Thursday.
Not much change in temperature.
For North Dakota: Generally fair
tonight and Thursday. Not much
change in temperature.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
HIGHWAY WORK
ISCRITICISED
BY HOUSE BODY
Ma jOrity Of Investigating
Committee Arraigns
Administration
COVERS WIDE RANGE
Report Strikes at Administra-
tion of w. G. Black Dur
ing Past Two Years

The report of the majority Of
the House Highway Commission
Investigation Committee was pre-
scnted this afternoon, ordered
printed in the Journal and will
be acted on tomorrow. 1t was
announced that members Hal
crow and Anderson would file
minority report this afternoon.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-03-04
WEATHER FORECAST

For Bismarck and vicinity: Cen
orally fair tonight and Thursday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
WHEAT AND CORN
IN WILD ADVANCE
Strong Liverpool Market and
Cool Weather Cause 7.
Cent UpsWing.
By the Associated Press.

DS inc Aesocidtcu frcss.
CHICAGO. May 14.-Wheat prices
went straight upward today as soon
as the market opened. Unexpected
firmness of quotations at Liverpool
together with improved export de-
mand here and surprising smallness
Of shipments from Argentina, were
largely responsible. There was also
talk current that on account of low
temperature an unusually big percent
age OF seeded wheat in Saskatchewan
has failed to terminate. The opening.
Il to higher-May 1922 and July
1.49S to 1.50k-was followed by an
ascent to 1854 for May and 1.51k
for July.
Cold weather complaints gave in
dependent strength to the corn mar
ket. After opening at II to % ad-
vance-July 1.16% to 1.17A-prices
scored slight additional gain.
Oats sympathized with corn and
wheat. Starting at 1saA to II ad-
vance-July 44s to 45-oats made
some further ascent.
Declines in the value of hogs acted
as weight OH the provision market.
Subsequent further sharp advances
1881. Export business was said to
be on a large scale, and there were
advices that crop damage from Hes
sian fly was affecting a wide area
including sections of Illinois. Kansas
and Nebraska. Dry weather North
west was also stimulating factor
Wheat closed strong, 2 to 7 cents
net higher, May Sl.67a to Sl.6S, and
July S1.52 to S1.5211
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
NEW HIGH LEVELS
IN LIBERTY BONDS
First and Fourth Issues Go
ForWard-RaiIs Are IT.
regular Today. .
ny GEORGE T. HUGHES.
Special Dispatch to The Star. ~,


NEW YORK. May 14.-Foreign
bonds we're the leaders In todays mar
ket. especially the French, where the
buying was stimulated by reports of
an approaching settlement of the
French war debt to the United States.
The TVS crossed 80 as against their
low of SO In April.
French railway issues were strong.
Paris, Lyons and Mediterranean
issues gaining about a point.
Other Issues Strong.
The better feeling extended to other
foreign issues. including the Austrian
is. which at 80 were at a new high
for the year. Czechoslovak IS, both
maturities Of which sold again at par,
and Jugosav IS, which were frac-
tionally higher. and the German rs,
which we're firm around 95.
A special case was the new high
record in Copenhagen 51as. On July
l next, $750,000 par value of these
Copenhagen bonds are to be called
for redemption at 100 by lot. Today's
buying was evidently in anticipation
OF this drawing. In the South
American group the feature was the
rush Of buying of Brazil SIS, carrying
the price to new top for this year.
New Records In u. S. Bonds.
New high records were made again
in the u. S. Government bond list
The issues which sold above their
previous best price for the year were
the first Az Libertys and the fourth
AIS. There was little change in the
high-grade rails. but among those of
second grade there was heavy buying
of B. & o. issues, especially the re-
funding IS of 1895 and the refunding
5s secured under the same mortgage.
New tops for both were recorded.
Sugar bonds were generally higher,
eastern Cuba Sugar 712s advancing
a full point. American Beet Sugar
convertible 6s were listed on the ex-
change and traded in for the first
time with q fractional advance. The
attraction here is the conversion
privilege into common stock at so.
Copper bonds went up with copper
stocks, Chile Copper 6s and Magma
Copper Is being most prominent.
Today's New Offerings.
New offerings included $4,000, 900
Western Public Service first mortgage
6s to yield els per cent. and 81 .0o0. 900
Pacific Coast Joint Stock Land Bank
5s to yield $50 per cent to the re-
deemable date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
REALIZING SALES
SLOW UP STOCKS
Copper Shares Gain-0iIs
Are ConfuSed-Rail Issues
Show Less Strength.
BY STUART p. WEST.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, May 14.-As has been
the case for the last week or more, the
market today displayed great irregu,
larity in the movements of individual
stocks. Copper shares were strong
for time, and so We're some OF Ihe
oils and one or two of the rails. But
in the afternoon realizing sales were
heavy enough in the greater part OF
the list to bring about some reaction.
The establishment of Marland on
on a dividend basis at the annual rate
Of SO had evidently been discounted
The stock sold off in the later trad
ing. Pacific Oil was strong for a
while, getting we'll up to go, and there
was talk of a dividend increase. But
II. too, slipped off with the rest OF the
market. independent Oil and Gas was
bought on favorable earnings reports
Even at the present level of oil prices
it was estimated that net profits were
running at the rate of So share
Rail Merger Gossip.
For years a merger of Wheeling and
Lake Erie with other properties has
been discussed. The only difference
between the new rumors and the old
is that they associate the road with
different set The talk accompanying
10 81 and in the common well above
I6 was that powerful financial inter
ests were buying into these stocks and
that Wheeling would wind up in a new
system along with Delaware and Hud-
son, Buffalo. Rochester and Pitts
burgh. and the proposed new Harrl-
man line across Pennsylvania.
Copper Shares Strong.
The rise in the coppers, which car
ried Kennecott across so and brought
about gains of a half point TO a point
in Anaconda, Cerro de Pasco and the
others. was inspired by the publica-
ton of the April figures on copper
production showing conslderaoie
falling off as compared with Marcn.
American Smelling rose nearly
points, and Butte and Superior al one
stage was up over y points Ray
Consolidated was helped oy the sIae
ment for the first quarter, "nlch
showed a net of s1,19S,3SS, against
s343.6l9 last year. This, however, in
cludes the income from Chino, which
did not figure in the Ray statement
of the first three months of 1924.
Mercantile Marine.
A poor report for 1924 is expected
10 be published within 10 days by the
Interna tional Mercantile Marine Co.
according to current Wall Street gos-
sip. After allowing for depreciation
it is understood that interest charges
for the II months were not fully COW
cred. In 1928 Mercantile Marine re-
ported a deficit of s2,551, 1928. and the
profit and loss surplus at that time
had been reduced to s24,426,721.
The rise in California Packing was
based upon the report that at the
next directors meeting stock divi-
dende would be voted. This notion
was discredited in some quarters
even while the stock today was
reaching new high prices. The COM
pany's recent earnings statement,
however, showed a good sized margin
over dividend requirements.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
CLOSE is IRREGULAR.
Selling Orders Predominant in Last
Hour Sales.

NEW YORK, May IA (A.PD.-Pro-
fessional operators encountered stifter
resistance in their campaign for
higher prices in today's stock market,
which was subjected to selling of
standard shares in which large profits
had accumulated. Pool operations
were successfully extended into new
fields. notably the copper and food
issues. Sales approXimated 100000
shares.
The closing was irregular. Selected
stocks, including Du Pont, United
States Cast Iron Pipe. Universal Pipe,
Stromberg Carburetor and Ginter. were
bid up points in the final hour, but
selling orders predominated elsewhere,
particularly in the railroad list.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
Early Peach Crop
In South Under
Yield for 1924

The early peach crop in 10
Southern States this year will be
somewhat smaller than the larger
crop of last year, according to the
May l condition report of the De-
partment of Agriculture, which
places the condition of the crop
at 69.2 per cent of normal, as
compared with 1875 per cent last
year.
The condition figures for Geor-
gia, which is by far the leading
producer in the States covered, is
20, as compared with 80 on May
! year ago. Texas shows a con-
dition of 81 this year, compared
with 81 last year; North Carolina.
-. compared with SO; South Car
DINA. rs. against 70.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
DIVIDENDS RESUMED
AFTER FOUR YEARS

NEW YORK. May IA (APD.-Di-
rectors of the Michigan Sugar Co. to-
day resumed dividends on the COM
mon stock after lapse of four years,
authorizing a quarterly payment of
IA per cent on the $40 par value
shares. The last previous payment of
per cent was made in August, 1921.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
WELLS FARGO MAKES
CASH DISTRIBUTION

NEW YORK. May il (A.P)-An-
other step in the liquidation of the
capital assets of Wells Fargo & Co.
was taken today when a cash distribu
ton of So a share was authorized in
addition to one-thirtieth of a share of
American Railway Express stock, 500
par value, for each share of Wells
Fargo stock, 81 par. 1t is payable
June 10 to holders of record June /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
Building Permits Hold Tn.

Bradstreet's compilation of building
permits issued in April at 10 cities
throughout the country puts the total
at $406, 15s.937, bringing the amount
for the first four months of 1925 to
81 ,241, 1882. 1875. the largest ever report
ed for that period
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
T0day's New Offerings.
COTTON PACT REACHED.

BY the ssoclated Press.
Agreement for the use of universal
cotton standards by the Liverpool
Cotton Association. is practically as
sured as result Of recent negotia-
lions between the association and the
United States Department of Agri-
culture
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
Markets at a Glance

NEW YORK: Stocks-Irregular
coppers active and strong. Bonds
Firm: foreign bonds at new high rec
ord. Foreign exchanges-Steady ster-
ling firm around s4.S5. Cotton-High-
err: bullish appearance April consump-
ton report. Sugar-Easy; lower spot
market. Coffee-Lower; commission
house selling.
CHICAGO: Wheat-Strong; prices
rally to Z cents a bushel. Corn
Steady: sympathy with wheat. Cattle
Lower; large receipts. Hogs-Weak;
shipping demand very light.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
Chapter to Elect Officers.

The Washington Chapter, American
Institute of Banking. VIII elect officers
tonight for the ensuing year. r. Jesse
CLANCY, T. Hunton Leith. Joseph d.
Yerkes and Garrett NJ Van Hoesen
will be made president, first and sec
ond vice president and secretary, in
the order named, as their nominations
are uncontested.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
CLOTH GOODS LOWER:
WOOL MARKET FIRMER
Special Dispatch to The Star.

Special Dispatch TO The Star.
NEW YORK, May l4.-Cotton
goods markets were slow today, with a
slight easing of prices. Print cloths
were quoted at 9ss cents for 64x6os
and 1012 for 6sX72s, the latter a quar-
ter-cent reduction. Raw silks were
steady and fairly active.
BOSTON, May 1.-THE raw wool
market continued dull today, but
dealers are expressing more optimism
based on belief that the 80 per cent
drop in values since last Winter has
placed the market on a firner basis
and that consumption of wool soon
will expand. Inquiry for foreign wool
far outstrips the higher priced domes-
tic supply.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
Washington Stock Exchange

SALES.
Washington Gas $500 at 100, $500
at 100. 81 900 at 100
Capital Traction Colo at e5k. 10 at
90 4 30 at 95 =. 10 at e5, 80 at 95. 20 at
Washington Gas LiEhtS5 at sex
Washington Rwy. Elec. COMIC at
116A.
s3t, 10 at S3h. . at SO y.
Union Trust CO at 1so q, 10 at 49,,
10 at 1928 10 at 1921
Columbia Title Insurance Coo at s1a.
Lanston Monotype-l at s5. at IS.
AFTER CALL.
Lanston Monotype|5 at So.
Washington Gas Light-20 at 56Z.
UNLISTED DEPT
Chaplin Sacks IS pfd.-1o at 9s. 10 at
97h. 5 at 97a
Money-Cau loans. 5 and per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14

81 Do Tor eacn SlUO heretofore paid in
on account of 1st Of. stock allotments GER
ti6catee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-14
TODAY'S MONEY RATES.

NEW YORK, May 14.-Call money
firm; high, A. low, 3&; ruling rate, ga
closing bid, 4; offered at ~ last loan,
4: call loans against acceptances, az
time loans steady; mixed collateral.
5000 days, 80: As months, 32a4;
prime commercial paper. 3$a4.