Bemidji Daily Pioneer Newspaper, September 30, 1919, Page 6

BANKERS VIEW 15 TO FINANCE * STRICKENLAND - FOR BUSINESS f’hn Gigantic Combination for Revival in Nations Hard Pressed by War BELIEVE GOODS SHOULD BE SENT TO EUROPE ‘Argued One World Part Can Not Be Stable Until Edrope Settles Down (By United Press.) New York, Sept. 30..—That BEu- rope’s dilapidated finances should be bolstered: up as:a business proposi- ‘tion; good for the American people, wather than' as an act of charity, is the consensus of opinion among lead- ing banking houses of Wall street. To ascertain the attitude of finan- olak men towards Europe's situation a number of financial men were asked <or their opinions regarding Euro- pean trade. The opinion was unani- mous that goods should be sent to Eu- yopé on long-time credit, until enough' goods are produced on the other side of the Atlantic to even up trade balances. Financial' men deny that an em- Sargo on goods going to Europe would@ reduce prices in the United States, though they agree that Ameri- can prices are soaring because of the eost of living in Europe. They con- tend that prices will not drop here until they have come down in the most important European countries, vegardless of the surplus supplies which would pile up here if an em- ‘bargo were placed. Proof -* Assertion. As proof of their assertions, the ‘Wall street economists point to the embargo in certain goods, such as sugar, for example, enormous quanti- ties of which are ready to be shipped. Some goods are already in ships, which cannot be sailed. Exporters who have bought these goods for shipment are simply holding onto them. L On the other hand, it is pointed out that conditions cannot become per- THE BEMIDJI DAILY PIONEER MUSICAL INSTRUMENTS 08, 514 ilmnesou Ave., Bemidjt J. Bisiar, Mgr. Phone 573-W DR. J. W. DIEDRICH Offise—O’Leary-Bowser Bldg. Phones—Office 376-W. Res. $76-R NORTHERN MINN. AGENCY Dwight D. Miller WB CAN Insure Anything Anywhere Offices. Security Bank Bldg., Tel. 167 HINELAND PROGRESSES UNDER UNITED STATES . HUFFMAN & OLEARY FURNITURE AND By Edwin W. Hullinger. (United Press Correspondent.) UNDERTAKING DR. J..T. TUOMY GENER::; P:OEJ:SHAND'IS:,“ cul‘)?tggn meCoAbg?:.can('fiA;m’;fl:it 02 _ North ofn Markham Hotel, Peod, Bto. Sl’tln;halq:aafness Cannot Be Gured Rhineland is prospering, prospering H. N. M’KEE, Funeral Gibbons Block Phone 230 W. G. SCHROEDER o el ;;:&?; K t'rl:’:ye::“;‘u r::elr: immensely, under American occupa- o b Bemidji, Minn. Phone 66 only one way to cure catarrhal deatness. and that is by a constitutional remedy. Catarrhal Deafness Is caused by an in- flamed condition of the_mucous NMning of the Eustachian Tube. - When this tube i inflamed you have a rumbling sound or im- pertect hearing, and when it is enttrely Closed, Deafness fu the result. Unless the inflammation can be reduced and this tube restored to its normal condition, hearing will be destroyed forever. Many. cases: sf deafriess are caused by catarrh, whieh fis an iInflamed condition of the mucous gur- faces. Hall's Catarrh Medicine acts thru the blood on the mucous .urfaces of the system, : We will glve One Hundred Dollars for any case of Catarrhal Deafness that canmet be cured by Hall's Catarrh Medicine. Cir~ svlars free. All Druggists, 760, ¥. J. CHENEY & CO.. Tolede, O. Director é tion. The majority of the German in- habitants frankly admit they are bet- ter off both financially and politically than they would be if the American troops were not here. Many atirm they have more liber- ties than under their own militaris- tic government. Even more declare the doughboy’s presence has saved this part of Rhineland from bolshev- LAWYERS % Furs made to order, repaired and remodeled at BROCKMAN FUR FACTORY At Troppman’s Department Store PHONE 178-W or R GRAHAM M. TORRANCE LAWYER Miles Blook Phone 660 Third"Street Cafe VETERINARIANS ism. Under the patronage of the Ameri- can soldiers, the German shopkeepers are making money as they have not since 1914. The Americans buy free- 1y and pay well. ‘Merchants in some of the little vil- Subscribe for The Pioneer. D. H. FISK Attorney at Law Oftice, Northern National Bank Bldg. lages recently evacuated by the First i ‘Phone 181 Py PY Division said they were’sorry tot l:" 5 Our Wa ters Collections a Specialty Phone 181 the Yankees go. For their part, they ) would be glad to have them “stay Do the Waiting right along.” It meant cash in their . WARNINGER pockets. Relations between the soldiers and the shop people have been friendly, although reserved. Instinctively amenable to discipline, the Germans have generally respected theé armis- tice prohibitionagainst overeharging. They apparently realized dny undue grasping would reéact upon them severely: 2 R The general verdict of the dough- boys is that the Germans charge them no more than their own coun- Food is' abundant ‘throughout -the American zone. The restaurant bills- of-fare are reminiscent of the famous German meals in the Teuton-settled districts of the United States: The fields are loaded with a heavy harvest. Were it not for the khaki- clad M. BUSINESS AND PROFESSIONAL DOCTORS DR. E. H. SMITH Physician and Surgeos Oftice Security Bank Blook VETERINARY SURGEON ..Oftice and Hospital 3 doors west.. of Troppman’s. Phone No. 209 3rd Street and Irvine ave. IS NOTHING cqual to Chamberlain’s Tablets for constipation. When" the proper dose is taken their action is so agreeable and so natural that you do not realize that it is the effect of a medicine. These tablets possess tonic proper- ties that aid in establishing a natural and regular action of the bowels. Chamberlain’s Tablets have cured many cases of chronic constipation. Chamberlains Tae ! BUSINESS TOM SMART Res. Phone 68 818 America FIRE INSURANCE REAL ESTATE REYNOLDS & WINTER 212 Beltrami Avenue Phone 144 Dr. W. K. Denison—Dr. D. R. Burgess DENIEON & BURGESS Veterina¥iaas Phones: Office. 3-R; Res. 99 S DRY CLEANING Clothes Cleaners for Mean, Women and == ENTERPRISE AUTO CO0.- Auto Livery and Taxi Service Day and Night Service Office: Remore Hotel, Cor. DR. E.'H. MARCUM Oftice hours, 11 a.m. to 12 m. 3p mtofp m Schroeder Block Oftice phone 18 Res. phone 311 AN e GOLD GROWNS &7 2iz. > $5.00 DR. EINER JOHNSON Physician and Surgeon 3rd St. & Beltrami Ave. (R Bemidji, Mina. at amy price . Office Phone 1 T BRIDGE WORK sasievias it veenites $5.00 Bastones Phone 10 All work guaranteed Plysiciass and Surpeons SILVER FILLINGS "ziyersar> $1.00 s WM._E_CUAIG wanently stable in éme part of. {he world until Europe is settled, Ship- . ments ‘of fgodl and niaterials to Fu- rope-which-will enable that continent to re-establish normal living condi- Office Miles Blook - EXTRACTING50¢ - IIIillllllIllllllllllllllflllll_ TR PLATES Aslowas $10.00 tions, ordinarily less expensive than those of America, will result in an in- flux of goods to America at reduced sates. This would bring American costs down permanently. Advantages of Credit. - Bankers-also point out the advant- kg6 of buying credit in Europe a this time when America would re- velve enormous prices for goods. .'he credit would remain credit, since Eu- - yope has no gold to pay. until it is paid -back in goods manufactured in Burope. These goods would be sold to Americans at much reduced prices, it Buropean conditions become normal and stabilized, and American capital would benefit by the drop. So confident are some bankers of the advantage of putting Europe on its feet that they propose an enor- mous combination to be made up of all the larger financial institutions of America. This organizatien could finance all countries according to their needs, and could see that the amaller nations get on their feet. At Normal Rates. The leaders of this plan say that under a competitive systéem, credit for the larger and stronger countries -would be furnished by the stronger banks in America, at normal rates of interest. Weaker countries, being less secure investments, would be forced to pay high rates which they cannot afford. In addition they would prob- ably have to go to weaker banks. This arrangement would be bad for both debtors and creditors, it is held, and might cause an unstable condition of the money market for some time. That Wall street and other New York financial interests are not doubtful of Europe's ability to “come back” is shown by the way bankers are preparing to lend credit. Many are speculating in foreign exchange while the dolfar buys so many French francs or German marks, placing the money on deposit in Paris or Berlin at interest, and waiting until Eu-} rope’s money climbs nearer normal, when prospects are considered good b'y many for doubling on the specula- tion. Subscribe for The Pioneer. _————————— ~ TO READERS 2 ‘Many ads appear in the J ® classified eolumn of the Pioneer W which are signed similar to 3 this: “J. B, care Pioneer.” These are what are known as blind’ ads-and those : answer them should do so by R thm ‘d:‘ddmmmned as directed in § B the a y persons call u this " office and ‘ask who the ldl: B vertiser is. In several instances | this paper has no knowledge of B the advertiser’s identity and if the party is known we have no B authority to give out any im- formation. Out-of-Towa_Patients JUST between you and our- selves, how long is it since you had a photograph taken? A long time, we'll wager! And have you thought how the family would be pleased and surprised to see you walk in some evening with & dozen of our richly finished por- traits under your arm? Well, would they? the same day. Office: Miles Blosk H House Phone 449——Office. phone 8§ . : éll!l»lllllll!lllllll“ i llllllg Ml'. BllSlllflSS Mafl! £ We take impression in E. - : X e § C. R. SANBORN, M. D. the morning and have = OPPOSITE BEMIDJ SCHROEDER Physician and Surgeoa your set of teeth ready '=..= cn-v H ALL »Bmm-—G H S Dr Norcross & Co. Qwners Open from 8;00a. LUNDE and DANNENBERG Chiropractors Hours10 to 12a.m.;3to 5,7 to 8 p.m, Phone 401-W Calls made . 1st National Bank Bldg. Bemidji DR. H. A. NORTHROP OSTEOPATEIC PEYSICIANW AND SURGEON Tbertson Block Office phone 158 DR. L. A. WARD Physician and Surgeon Bemidji, Minn. AMEL cigarettes win smokers from the start because the expertly blended choice Turkish and choice Domestic to- baccos make possible Camel’s delightful mellow-mildness with that all-there “body.” Hakkerup Photographic — Studio PORTRAITS THAT PLEASE No, Not Expensive DR. D. L. STANTON DENTIST Office in Winter Block * Camels meet your fondest cigarette fancies in so many ways. Their flavor is unusual and refreshing; and, they permit you to smoke as long as you will without any unpleasant cigaretty aftertaste or unpleas- ant cigaretty odor. They’re simply a ciga- rette delight! That’s the way you'll put itl “Here’'saF riendlyTip”— says the Good Judge Men who know tobacco, chew the best without its costing them any more. Theytake alittle chewand it’s amazing how the good taste stays in a rich, high grade chewing tobacco. For lasting tobacco satia- faction, there’s nothing like @ small chew of that rich-tasting tobacco. THE REAL TOBACCO CHEW Pt up in two styles RIGHT CUT is a short-cut tobacco W-B CUT is a long fine-cut tobacco You'll find Camels good all the way through. It is a fact, you'll prefer Camels expert blend of choice Turkish and choice Domestic tobaccos to either kind of tobacco smoked straight! .And, Camels may be smoked liberally without tiring your taste. To know Camels best compare them in every possible test with any cigarette in the world at any price! Camels are sold everywhere in eclen. flflulzmbd mxo-, or ten pack- ages (200 :s:nth in_a.glassine- Ppaper-co carfon. We stronfly recommend this carton for the home or office supply or when you travel R. J. REYNOLDS TOBACCO CO. ‘Winston-Salem, N.