Des Moines Tribune from Des Moines, Iowa • 8

TUESDAY, FEBRUARYS, C319S1L PAGE EIGHT DES MOINES TMRUNE-CAPITAL'. BY RIPLEY BELIEVE IT OR NOT- Banking Conditions in New York City Present 'Sorry Picture Sinclair Says TODAY -by Arthur Brisbane The Tribune Says- Joe. Reno Points to Badly Secured Loans As Shown in Report of Closed Bank of United States. 6LEPT40fe HOURS IN MfL ARTiFlCIAlSLEEP Under the 5pe.ll of RAJAH yoGI MOHAMMEDANS are fighting Hindus in India as usual, Mohammedans cooked some beef, which horrified Hindus, by whom the cow and all its relations are held sacred. War started, a village was burned, and a Sikh officer in the British service was burned alive.

Then Mohammedans threw the beef Into Hindu temples. The Hindus, for revenge, threw dead dogs into the Mohammedan Limiting Trucks and Busses. Two hills in regulate the length and Weight of busses and (Turks have been offered in the house, one being the bill sponsored by the house committee on motor vehicles and transportation. Tho bills are broadly alike In purpose. The committeo bill would establish 12 feet as the maximum height, 33 feet as tho maximum length of a single vehicle, BY JOHN' V.

NINTLAirt. The depositors of the Bank of United States spent most of Monday adding and subtracting in an effort to learn what percentage of their deposits would finally he paid to them. Superintendent Texc.3 June, M0 got ops: to indi and i mosques, greatest insult you can offer ai Mohammedan. Hindus won't eat beef. Mohammedans won't eat pork.

Englishmen eat both and rule Mohammedans and Hindus. firoderick's report was a sorry picture of city banking at its worst. On Dec. 11, the day the bank closed, the assets were estimated as worth a few thousand dollars less than Broderick's checkings reveal that the total liquidation value will not exceed 168 millions a shrinkage of $69,710,000. Seventeen of tho 31 directors borrowed personally, or were endorsers on paper, of a sum totaling $5,140,000.

Much of the money loaned to their friends was and even the collateral loans were poorly secured in many cases. Take the case of one well known New ADAME EDIB, Turkish lady, tells BO feet as the maximum lengih of a vehicle plus trailer. Also there is a weight limitation, and a provision setting a maximum distance between axles. The bills offered would not change the present 8-foot legal maximum width, though a reduction of this maximum to seven feet Is likely also to be proposed. Regulation of this general kind is inevitable.

It Involves no hostility to the reasonable development of bus or truck traffic. It is not restrictive legislation in purpose. Tho fact simply is that enormous Vehicles, uncontrolled as to width, length the Ethical Culture society that Turks don't like Kemal Pasha's i i if m-vi CEMPERAU-y methods. He is Europeanlzing Turkey too suddenly and Turks are determined to remain Turks. Kemal follows the methods of Peter the Great, who found himself ruler of Russia, an Asiatic country, and made it European.

The Russians wanted to remain Russians, but he wouldn't let them, and compelled even old men to cut off their long beards. Some said that was because he could not grow a good beard of his own. Yorker, who has since committed suicide! He borrowed $340,000, with less than $1 1,000 worth of collateral. Another well known New Yorker borrowed $805,000 against collateral worth $142,000. The 34 affiliated companies borrowed AGERfW OENTIEOAri WRITES a'WOline LETTEP OF FfntNNE love TO A NFUTEfi YOunG Girl with a feminine pen and feminine ink or a mscuuNE sheet of neuter pma md Encloses it in ahaculine envelope with ft FEMiMrif ADDRESS HE HAS A MASCULINE HEAD, A FEMININE HAND Rev.

Harry Kmerson Fosdirk. Bolshevik Revolution in V. and so on, are too great an obstacle to the main flow of highway traffic. In some cases they are a peril. When something like standard regulations are in effect In the various states, bus and truck development will not only go on but will be in a better position to go on.

Limits there must be. saved their beards The old Russians AMD A ME-UTEft MEftRT (ExpUnatian lomanraw) and were buried with to prove to the Angel Gabriel that they had not cut them off voluntarily. ro mi I BIG New York bank that shut down, President Hoover is facing more hard luck in the cash bonus fight. Congress is very likely to pass some sort of legislation regarding the bonus not because It's good finance, because it i3 not but because it is good politics. Many members of congress, privately, oppose cash payment at this time.

But when it comes to a vote that's different. They will vote the cash bonus, upon the theory that if it does get through both houses, the president will veto the hill and take the chance of alienating thousands of votes. J24.3S1.000. Of course, stockholders, who owned tho $47,800,000 of capital funds of the bank, are cleaned out absolutely. And a double liability on their stock faces them! Depositors will get 00 to 70 cents on the dollar, depending on how successfully the liquidation is handled.

But how any bank could get into such a condition without running against the state banking authorities is a mystery to anyone at. all familiar with banking practice. The state investigation from now on should be thorough and far-reaching for it touches the vital center of any community's life confidence. A with its many reveals recently it lent tens of millions without 'Iff I security. Some of its own directors were among those who borrowed so pleasantly.

The late Vice President Marshall said, "What this country needs is a good 5-cent A DONKEY 'W i If the president vetoes it, a two-thirds WHICH HRu ViVAVi WORKED I2VRS vote is needed in both the senate and the house to pass it. Can this be accomplished? UNDERGROUND LW 7- Mj Some wise observers believe it can, but A Community Service, The report for the first year of the convalescent, home maintained hy the Junior Social Service league shows that the home is giving a valuablo service. In establishing this home for convalescent and handicapped children, the league has had tho co-operation of many other organizations and many individuals. The Methodist hospital offered the old Children's home building, rent free, for five years. Two service clubs, several business firms, and many citizens made generous contributions.

But the responsibility has been carried by the league and much work has been done by its members. Members of the league have been on duty at the home every day to help care cigar. What it needs now seems to be honest local government, including banking supervisors, magistrates and others. New York, like other states, has bank examiners, but needs somebody to examine the bank examiners. The BASTiiX, Paris, FOR 69 YEARS Foft ridiculing king LOutS-XlVS bald heap this writer believes it cannot, and that while the bill will be strongly supported wal mine iwjr4MwmyM--'-ws4Z When he appeared before the house of representatives ways and means committee, Gov.

Roy A. Young, of the Boston Federal Reserve bank, estimated just what the cash bonus bill would do to government bonds. And it was plenty. If a $3,500,000,000 I'nited States bond rORGOPHAT CRASS WAS GOOD To in both houses of congress it will never Qsgv 13 And when broOBKtlOtNeSurfe.ce -REFUSED TO EAT become a law. 1931 FMium8n9(fmi.

me.Ort BrtUlo rljhu iwnii. The Rev. Dr. Harry Emerson Fosdick, last Sunday before the Riverside church MITCHELL, chairman of the New York National City bank, tells con EXPLANATION' OF LAST RIPLEY CARTOON' Where snow falls up instead of gress that payment of the soldier issue is floated at 4 per cent, it would cut off $150,000,000 from the market value of other United States government bonds. If the interest rate was raised to 4 per cent, the loss would total about while tf 41 per cent was necessary to Walter iiiciicl bonus amounting to nearly four billion dollars would cause "hundreds of small bank failures." Issuing so many government bonds would knock down existing bond prices, not only national but municipal, state and industrial.

WORLD FAMOUS COIXMMST On Broadway The worst of the statement is that, it is probably true. It is suggested in Washington. D. that a compromise can be reached. President Hoover consenting to a bond issue that would pay one half instead of all the soldiers bonus.

for and to entertain the children, and have helped to enliven their existence with Fourth of July fireworks and Christmas and birthday parties. They also have, on various occasions, taken the children to the city airport, the Meredith farm, band concerts, and Younkers' toyland. Although, thus far, the home is able to accommodate only 15 or 18 children at one time, its value to the community has been proved and its growth Is made likely. of New York, spoke of the huge armament expenditures throughout the world as madness, and declared if the United States goes on "with such insanity long enough, we will have a re-enactment of the bolshevik revolution in America." A checking of the United States war costs, indicated by appropriation bills pending in congress, shows that about $1,600,000,000 or 40 per cent of the total expenditures of the government go Into military expenses. The present budget figures show the war department down for the navy department for and the veterans' administration for $946,000,000.

And on top of this, the American Legion demands cash bonus right away! If business is to be relieved in the future, the "war" problem, and all its affiliates, has got to be seriously tackled by the business men and not by the politicians. This is becoming more evident every day. (Copyright, 1931.) Stevedore He slouches with cat ease along the dock, His rags a symphony of grease and dirt; His torso gleaming black through open shirt; His face deep pitted with the scars of pock. His muscled feet uncramped by shoe or sock, A leather belt about his middle girt, float the entire issue, the market value loss would be $1,000,000,000. Governor Young has had as much experience in this field as any other American banker.

Here's the way Governor Young sizes up the cash payment: "We will try to borrow $3,500,000,000 from ourselves; to give ourselves; to spend for ourselves, and at some time to pay back to ourselves. It appears to me that this is a deliberate deflation on a vast scale, and the aftermath is bound to come." But. the American Legipn, through its executive committee, which represents 10 per cent of the voters of the nation, has declared for the cash bonus. That makes It, a political, even more than a financial, question at least for many congressmen and senators. IS financial anarchy and worse to sug I gest it, but why must the government print, bonds and sell them at prices ac ceptable to investors and thus cheapen the value of all existing bonds? His densely growing hair a kinky shock.

down At the head of a valley-near the town of Blowing Rock, X. is a natural phenomenon called Blowing Rock, from which the town takes its name. There is a freak wind current which is continuously blowing up over tho edge of the precipice, making it impossible to throw newspapers, handkerchiefs or otheT light objects down into tho valley. Snow and rain never fall down in the vicinity of this rock, but always blow up over the precipice. Harry T.

Jirundidge became a doctor in 57 days Brundidge, the famous reporter for the St. Louis Star, in the summer of, 1923, "went through" the notorious medical diploma mill to expose its operations. He obtained high school and college credentials, and a medical diploma, in 57 days, which enabled him to expose the fakes. As a result of Brundidge's work the ring leaders were imprisoned, and many low-grade colleges, wero closed. Why not let the federal reserve print money, perfectly good currency, hand it to the soldiers and say.

"Go ahead and spend it and increase prosperity." We need more chips in our national A ribald joke, a gusty laugh, a grin. He heaves the bales and crates with body rhyme, Rejoicing when Fate flings an extra dime; He knows where it will buy a gulp of gin. Through life he loiters, hand in hand with Sin, Haunted by visions of another clime: The jungle village, and the tom-tom's din. E. C.

L. Four Year Record of Dividends I i i game and those chips are money. The government would have no interest ginning of February, however, cheerful dividend action began to fall off and each succeeding month fell behind that of the previous year. And with the decrease in favorable action came an increase in unfavorable announcements, as shown in the Incidcn'alhj to pay on such currency. Prosperity undoubtedly would feel better.

Soldiers would have their money and the government certainly is good for three and a half billions or 10 times that. It could cut down the amount of currency outstanding when convenient. orchestra which bills itself in this manner: "The Band That Refused to Play for the King and Queen!" Then there's the gag about the little dialectician who was an-kling up Broadway wearing an following tables army officer trench coat. Hey, HY B. C.

FORBK'S. So far this year there been a somewhat larger number of unfavorable than favorable dividend changes, records compiled hy this column show. Last month 11? companies made cheering dividend declarations and 131 took adverse action. A year ago there wero 172 enlarged payments during January, in 1929 there were 120, and in 1928, 111. compared with this year's 117.

January comparisons for the last four years are brought out in the following tables; FAY OR. AH I.E. what's the idear wearing that trench coat?" growled a heckler. Hard to Conceal. It was old-fashioned of Victor Seymour and Grocer George W.

Morris to think they could brazen through any story they wished to tell in the Nebraska primaries investigation. Now they have been indicted for perjury for failure to explain just, who put up what for the campaign against Senator Norris. It was not difficult to trace the money. The senatorial committee went, about doing it, and when they got other people on the stand and got at the facts the stories did not jibe. It ought to be plain after the great oil scandals that it is virtually impossihle, In these days of complicated auditing and exact bookkeeping, to use any considerable sums of money or bonds or.

similar securities without leaving traces. Some of the oil scandal men tried to do that, and they have had to live in Europe since. The complexity of modern business is sgainst the fellow who wants to hide something, even if what he wants to hide seems to him to be innocent and his own business. The crook thinks the maze of transactions will help cover up his crookedness, but in fact it helps disclose him and his work. A little hitch here and the whole thing is exposed to the expert.

HIT, ICS You weren't in any war'" "I know," w-as the reply, "but M1 Hill I was in all the shootings around In Case You Didn't Know The mail recently has been choked with inquiries about the Messrs. Clayton. Jackson Durante the chief inquiry being: "What are the nationalities of those fellows?" Eddie Jackson, who looks Italian, is Joosh, as is Lou Clayton. Jimmy Durante, who looks Joosh is one of Mussolini's little boys. 54th Street!" FAVORABLE.

1931 1930 1929 192S January 117 172 120 111 February 117 126 98 March 161 196 99 April 93 159 70 May 105 166 78 June 130 233 163 July 62 122 93 August 4 6 121 108 September 149 193 135 October 115 179 133 November 115 2S7 153 December 208 391 227 1927 89 81 93 60 68 137 60 63 104 83 136 205 WITH many people looking for work and food, tne government worrying about money to pay the soldiers, there is a glut of money in Wali Street. Approximately 500 million dollars will be paid out in the next few days, more than 100 million dollars will be looking for reinvestment, and Monday 100 million dollars- could not be lent, even at 5 per cent. No borrowers. So-called financiers really know as little about money as sailors know about the wind, which "bloweth where it listeth." 1931 1930 192S 5S 1929 4 0 .53 71 .21 41 .22 28 Exlra Initial Increased 20 26 19 16 13 1 4 24 5 3 Stock 10 Resumed 4 Back 4 10 YEARS AGO, 1921. THE controversy over prospective legislation in Washington to stop gambling in future grain and other agricultural products today became a spectacular battle.

A government tax has been proposed on all future grain, dealings. Are we swinging back to sentiment and away from jazz? "It's simply appalling," declared a music saleswoman, "the number of people nowadays who ask for sentimental ballads instead of jazz. I only hone we don't have as vio Totals 1.4S2 2,393 1,468 1,179 UNFAVORABLE. Totals 1H 172 120 111 tXFAYORABLK. Things I'm Glad I'm Not Daisy DeVoe (not DeBoe) The belt on Paul Whiteman's pants A Bronx Park Express A stage wait Heflin's scraphook A prop in Herb Williams' act and the guy who numbers the pages for the Saturday Evening Post.

in another lear." 26 8 18 Omitted Decreased Deterred .49 ,.43 .43 "No More Worryin" Jimmy Mullens, the bass fid Totals 134 61 THE "Nation Beige" in Brussels has solved mysterious deaths which followed a heavy fog in the Meuse valley last December. Lungs of the dead were eaten out by breathing a sulphurous anhydride. Sulphurous fumes, from a chemical factory, combined with the fng to form an acid which destroyed the lung cells. It is some comfort to know that the cause of death is established, and can be January ....134 52 3 7 16 February 24 11 26 12 March 61 16 11 15 April 49 7 10 15 May 43 11 10 12 June 97 16 19 19 July 76 14 11 11 August 55 7 12 9 September 139 9 11 21 October 110 14 12 11 November 103 20 3 6 December 199 26 10 22 Totals 154 142 170 Remember how it feels to go without fond for doys, if you- ever Aid it, anil chip in to the Red (Yon famine, fund. January last year still maintained a great increase in favorable announcements over previous years.

With the he- DESECRATED! dle player of Fred Waring's Pennsylvania crew appearing in "The New Yorkers" show got his notice the other day. He felt pretty glum about it. "Don't worry about getting another job." one of the kids comforted. "Worry never helps any. You never know wbat'll happen, Jimmy.

Tomorrow Is far away." Jimmy was killed that night in a motor smash. controlled. (Copyright, 1931.) Gog 1'hil Baker, who began headlining at the Palace for a month the other day, tells us the one about the Delancey Streeters who got a break and moved hoptown hon Riwersite Drife! Mrs. Mefoofsky (which was her name) gave a housewarming to her ritzy friends in the apartment building. But Mr.

Mefoofsky'e table manners being what they were, she made him hide in the (Copyright, 1931.) Function of. American Red Cross FROM THE TRinVNE'S FDITORML RESEARCH Bt RFAP AT WASHINGTON. lent a siege of sentiment as we had of 20 YEARS AGO, 1911, PVUL BEER, manager for tha Barber Asphalt company here, was in New York today at the annual meeting of the American. Society of Civil Engineers -where an extensive study of the present good road problem will be made. From New Zealand, Des Moines has learned the value of motion picture and stereopticon machines in the education of children and has placed 20 such machines in the Des Moines schools.

30 YEARS AGO, 1901. ALL London and many thousands from the remotest cities and villages of the British kingdom paid homage to Queen Victoria today. Nifty Fred Allen observes that on Broadway a guy doesn't have to kitchen during the party. At in cancies in their ranks. Six are elected by tervals she sent him some.

food. Ennui having set. in, Mr. Me order a fruit salad to get the' foofsky called out "Eef you dun't hory opp and sand in murr herring raspberry. Or in Boston? 1 11 appear: THE American National Red Cross wa3 first incorporated, with Clara Barton president, in 1881.

In the following year the United States ratified the International Red Cross (Geneva) convention of 1864. One of the provisions of that convention required each signatory to create a voluntary organization to carry out the hu-manitariail purposes of the convention. These humanitarian purposes were concerned only with suffering due to war, hut eventually it was thought illogical to draw a line between wartime and peace- the representatives of the state Red Cross societies at their annual meeting. Members of the governing body serve for three years, except those selected by the president, who serve one year. Provision that the president of the Red Cross shall be the president of the United States is contained in the bylaws, not in the chanrr.

Section 7 of the act chartering the Red Cross provides that "congress shall have the right to repeal, alter, or amend this act at any time." THE end of. the World war found the American Red Cross with a consider Short Story They tell of the young comedian who was in love with a well known Ziegfeld comedienne last year. The romance was the talk of the Stem, and then the lass decided to rail it off. She wasted no time, she didn't think they Des Moines Tribune-Capital PnMlshcrt erery e'-fnlnff exrppt Sunday by the Rpmstrr and Trlbuna company, Locust St. EniprM st the postofrtce ot Dej Moines.

as second class matter. could be completely happy mar ried so she up and told him. So time suffering. In 1893. the American National Red able unexpended surplus.

un juiy few Broadway girls do it that Cross was reincorporated for the relief i 1. 1 9 19. it amounted to over $51,000,000. Ll 'Lb Li' npy. UV HJi-i way.

I iiev haven the courage. of suffering by war, pestilence, famine, nand in murr This was steadily drawn upon in the following years until it amounted to only $14,625,000 last Jan. 14. Of this surplus, S5. Ooo, 00(1 was carried ns nn emergency flood, fire or other nationwide disaster.

Re-incorporation in 1900 was hy act of SfBSCRtPTION RATES. BY MAIL IN tOW A. Trth'jne-Capiln! One ypar, JS: perlndi le's than one year. 50 cents a month. Sunday Register One year.

pehndt less than one year. 50 cents a month. BY MAIL OUTSIDE OP IOWA. A few weeks ago the comic produced a show. He engaged his former sweetheart for a prominent part in it.

During the try- con cress. The present charter of the American I (iisnsier rt lief fund, and has been (lierted 4 Reason Enough "Do you know." said a First-Nighter. "why I never applaud at a show?" to the present drought Over uwi mf mr.lion dollar nre held for (ho current i nld nnt ft rOle. Not that she Tribune-Capital One year. periods ot i than one yesr.

60 cents a month Sunday Renter One year, perlcdl ess than one year. 60 cents a month. year built'et. almost two mi ion for serv-I "hui.o.mc. jusi And he had the type, you know, to fire her.

I give up. said his listener "Why don't you applaud?" But he gave her something she Because when I den like a snow they won t. let me hiss." BY CARRIER IN DES MOINES. Trtnime-Capltal and Sunday Register 15 cenis a u-prk Tr.i)iine-Canii,ii, Mornlnt Register and Pnmay Rpunter thirteen papert wees 25 cents a weefe, BY CARRIER OUTSIDE DES MOINES. Tritrane-Capltal 15 cents a weelc.

Daily Register 15 cents a week. Sunday Rcsister 10 cents a wee Do not pay carrier In advanca. ice to disabled war veterans, and amuit one million for replacing the Red Cross's present frame office building in Washington and for other restricted purposes. The surplus left on Jan. 14.

1931, mas -f, which tho Red Cross hoped to carry as nn emergency fund, possibly to replace tho.js.'i.noo.ooo diverted to drought relief. In addition, the American Red Cross has endowment funds of $1 1.2.":L(hm, only the income from winch may be used for current purposes. The federal government made appro airtn t. give him. A two-weeks' notice.

Add Similes She was colder than a fried egg sandwich the bellboy went for Ret law Chellwyn As abundant, as the sweat drops in a comic strip Robert Knight As unpremeditated as a sneeze, as im- isey One of the flip cracks written on the walls of an undressing room at the Palace is: "A guy who would cheat at solitaire would take bows after the lights went out!" rUXEMRIR CfRClLATION NET 4Ttv National Red Cross was granted hy act of congress in 1905. Among its purposes, ns Not forth in the im3 net. are to "act in matters of voluntary relief and In accord with the military and naval authorities as a medium of communication between the people of tho United States of America nnrt their army and navy and to continue and carry on a system of national and International relief in time of peace nnd to apply the same in tnitigat-Iii2 the- sufferings raused by pestilence, famine, fire, floods and other national calamities." The act provides also that the American National Red Cross shall submit its financial statement every year to the war department. which shall audit it and transmit it to congress. The governing body is to consist of IS members.

Six are to be selected by the president of the I'nited States one to be chairman and one each to represent the departments of state, war, navy, treasury and justice. Six are selected by the 65 incorporators under the charter, who fill va- Bertilfr and Of Daily Tribune lUt i In Dfs Molnps dailr Wl 3t9l rehearsed as an accident Chas. G. Shaw. In Des Sunday 44,785 Lartest MORVfVO circulation in Iowa.

Jarecsl IVFNtNCi cirriilalion In Iowa. Iarrest ADA circulation In Iowa. The Retort Lovely An aggrieved actor, 'who set out to embarrass an unfriendly dramatic critic said: "Very well then, smart alerk. If you had the priations for one-half the cost of the permanent Red Cross building in Washington, which, with its land, belongs to the government. Although rongress has never made direct appropriations of money to the Red Cross, direct federal relief for disasters, through the army and navy and local bodies, has occasionally- Haw! On 45th Street west of the Member ot The Associated Canyon there is a basement dance i hall which caters to cake-eaters role how would you have played it?" Press Is exclusively to th usa tor republication ot all mus dispatches credited to It or not otherwise crediled In this paper.

And also the local news published herein. All richts ot republication on special dift-patchea here.n alio reserved. "Under an assumed name!" was been administered in co-operation the Red Cross's efforts. with and their short-skirted flames. It jadvertises among other things, an the squelch swelegant..