The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-03-31

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respectable" people Of the United
States.
Have you been buying European
bonds. tempted by high rates Of in
tercst?
Those buyers Of European bonds
may regret the buying. Washington
and high finance yesterday were agi-
tated by Senator Reed Shoots state
mcn;, tucked away in speech of 3d.
900 words. to the effect that Europe
will never be able TO repay the mil
lions lent by American investors
through American financiers.
Senator Smoot, who understands
finance. said: II say without hesi-
tation that the loans which we have
made to foreign countries and that
we are making to foreign countries
cannot be paid"
That statement won't help poor old
Wall street. which had another fit
Of the financial blues yesterday.
Some time ago this column was
warning readers against buying Rus
sian bonds that the Car and his
grand dukes were then unloading by
the bale in the United State& Those
bonds are worth now whatever first
class waste paper is worth.
This country is very rich; nobody
dreams the amount of wealth below
the ground. Even the Sinclair Oil
people two days ago brought in we'll
now gushing ut the rate of 1000 bar
rels an hour. If that doesn't start
foolish people buying wildcat" oil
stocks, it is because Barnum was
wrong.
Harvard limits the next freshman
class to 1000. announcing that per
sonality and character" will count in
an examination test, and a photo
graph OF every applicant must be
sent.
This in plain English means a de-
termination to exclude lavish stu
dents above whatever number the fac
ulty thinks desirable.
A greet university would show more
courage if it declared it's plan
FRANKLY, without camouflage.
Fortunately it doesn't make the
slightest difference to Il young Jew,
or gentle either, whether he goes to
Harvard or not.
Nothing is taught at Harvard that
cannot he learned elsewhere in half
the time that Harvard takes to teach
it. What counts is mans perfor-
nance after he comes cut of school,
not the name Of the school that
taught him.
Lady Astor, charming young Ameri-
can from Virginia, now raising the
moral tone Of the British Empire in
the House Of Commons, was disguised
because very few attended q meeting
ut which she and others laid down
the moral law. She said the hall
would have been packed had the at
traction been demonstration of
In New York, 1925 men and wo-
men paid $78,432 for the pleasure Of
seeing young man named Stribling
conquer another named Slattery in Il
prize fight. No intellectual sermon
could have drawn that amount Of
money.
A bigger prize fight, between
Dempsey and Carpenter, drew in
gate receipts $1.GOO.0O0.
The holy synod Of Moscow, repre-
senting boishevism and controlling
the Russian church, has officially put
an end to monasticism. Monks will
no longer be allowed to devote their
lives to saving their own souls. Each
one will be compelled ito adopt some
pursuit by which he can earn a living
anc contribute something to the gen.
cral welfare"
This strikes a blow to one of the
oldcs. religious institutions--thc col
lection Of individuals devoted to re-
l;gious life. These mcnasteri es exist
Cd long before the beginning Of
Christianity, in Thibet andN else
where. The soviet authorities decide
that they are out of date.
Standard Oil aud Vacuum Oil buy
10000 tons Of refined oil from the
bolshevik government at SIT ton,
S3,23O,OOO for 10000 tons. Any bar
gain made by Standard Oil is good
bargain, the interesting proof that
bolshavism is not without business
sense. It also reminds American Of
ficiais onposed to recognition Of the
Russian government that such recog-
milton is American prosperity.
Government to