Bemidji Daily Pioneer Newspaper, March 19, 1920, Page 2

e ssioi 223 PER GENT| Purchasing Power_ .of Dollar Now __ as Compared With 1913 L 1s Shown. EXPANSION OF CREDIT GAUSE Man With income of 32,000 Is Aotual- __ly Drawing $870 Upen Basis of Dolhr Vailue in 1913—Gold Mines Closing. Washington.—The men with an in- conte of $2,000 is now actually draw- ing $870, upon the.basis of dollar val- we in 1918, according to a statement to congress by Harcld N. Lawrle, economist for the American mining congress. The purchasing value of the ounce of gold, which under stat- ute cénnot bring more than $20.67, has, Mr. Lawrie .claims, shrunken thmm infiation of currency until it 18 no;longer possible for gold to be profitably produced. Lowers Purchasing Power. The expansion of the nationaMcredit has lowered the purchasing power of d "dollar through increasing all com- :gnodity prices. Based upon the pre- war prices of 1913, these prices grad- ually advanced from 100 per cent in 1918 to 223 in October, 1919. Each in- - ‘¢fease in’credits has been absorbed by & corresponding in com- modity prices and has resulted in placing the patiea upon an artificial plane of living. ‘The gold producer finds the purchasing power of his ounce of gold is now $9 Instead of $20.67. Gold mines of the United States are being closed down at an alarming rate. Many of these can never be re- opened owing to the prohibitive costs of retimbering and unwatering. Cripple Creek, the greatest Ameri- can gold camp, is taking on the ap- pearance of a city of dead hopes. Whole cities are being deserted and thousands of skilled miners are being forced to seek mnew camps because gold—the basic monetary metal of the United States—cannot longer be pro- duced at a profit. Jewelers Make Mililons. The manufacturers of the United States used $21,848,800 more gold last year than was produced in the United States. The gold producer lost mil- llons during the year. The manufac- turing jeweler made millions because, while his goods mounted in values, he secured the gold at coinage price of $20.67 per ounce, less than the cost of production. Seventy-five years ago the world produced but $30,000.000 in gold per year. In 1915 the world pro- Auced $469,000,000. E ‘The gold stock of the United States suffered a loss in 1919 of $292,796,000 by the excess gold exports over im- ports, The government has allowed\ vast shipments of gold for export. Meanwhile the production of the Amer- ican mines has fallen from $101,000,- 000 in 1915 to $58,500,000 in 1919, a loss of 42 per cent. At the beginning of the war, Eng- land arranged protection for all of the gold produced by Britlsh mines. This protection is still maintained and the gold reserves of England are be- ing increansed by imports from- the United States, and their own heuvy pmductlon, of new gold. R 45 Tons of Sardines Caught in One Haul Monterey. Cal.—Catching 45 tons of sardines in a single haul, hut forced to throw back into the water all but five tons ‘“on account of shortage” is the ex- perience of sardine fishermen of Monterey bay, according to a writer, who describes a trip taken with a party of fisher- men. “If we could sell all the fish we catch we would soon all he rich,” the captain is quoted as saying. The boat made its catch in about two hours and the writer rémarked: “It is hard to be- lieve that such quantities of food lle right .at our door, and only a small part of it utilized.” HORSE HAS A CLOVEN FOOT 'I’_Ileugh! That Its Two Tees Show a Reversion to Prehistoric Ancestors. 4 London.—A bay horse with a cloven foot is exciting much interest at the ‘World’s fair here. The horse is the offspring of a shire stallion and a Welsh mare, and it is suggested that his two toes indicate a‘reversion to his prehistoric ances- tors. Prehistoric horses had three or more toes on each foot. One of the earllest members of the horse family, Phe- nacodus, is said to have had five toes on -each foot. Large Lemons. - rreno, Cal.—A horticultural freak of ‘fhiore than usual interest has been discoyered in Fresno cognty in a l.fiwn tree whose fruit average 22 inches in length. . The fruit is a cross m .a, lemon and .a grapefrult, Baving the flavor of the latter. Comes Back to Its Own After 148 Years. Troops Dip Colors From Own Solf ln = Tidewaters of the Bal- E tio Sea. U = — E Warsaw.—Polish troops, standing on E thelr own soll, dipped the national = colors in the tidewaters of the Baltic = after the absence of Poland as & sea’ |= nation for 148 years. Throughout the new republic bells tolled and a holiday spirit prevailed in ‘commemoration of the historis event. At Putzig, on the Baltic, Gen- eral Haller, commander in chief of the Polish armies, reclaimed in the name E of the republic the sea coast which = fell from Poland to Prussia after the |&= first dismemberment of Poland in E 1772, = Simultaneously with Poland’s reach- |= ing out to the Baltic the “diet cele- (= brated its first birthday. The most |= striking speech was made by Speaker E Thomsozynski, who proclaimed 'that|== justice had at last triumphed, ‘lvlll‘ = Poland access to the sea. = = = . “Poland will defend this historical | strip of land with its very last drop | of blood,” he declared. The diet decided on the construction of port facllities in the region of Put- zig, giving Poland her own ntevuy to the sea. -TOT LAUNCHES BIG SHIP : lllllllllllI|IIIIIIIIIlIlIIIlIIlIHIflIlm ‘ Yo'urm' Easter Clothes THEY’RE HERE—THE NEW SPRING MODELS IN and double breasted. The Clothier and House of Quality 206 THIRD STREET* I||||IIIIIIIIII|II||IIIII|IIIIIIIIlIIII|IIlIIlIIIIIIIlIIIIIIIIIIIIIIIIIIIIIIlIIIIIIIIIIIIII||||||l|IIlllIIIIIIIIIIlllIIIIIIIIllIIIlIIHIIIIIIIIIIIIIIIIIIIIIHIIIlIIlllIIIIIlIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII THE BEMIDJI DAILY PIONEER At Should Be " MEN’S AND YOUNG MEN’S CLOTHES Smart sacks—two and three button and both smg‘le $35.00 to $65.00 5’ — 0.J. Laqua BEMIDJI MINN. . PRIGES IWANBE‘ PdLAND SEA. NATION fllllIIiIIIIIIIIIIIIIIIIIIIIIlllllllljIIIIIIIIIIIlIIIIIIIIIIIIIII_IIIIiIIIlIIIIIIIII!IIIIIIIIIIIIIIIIIIIIIIIIIIIIlfilllIIIIIIIIIllllilIIIIIIIIIIIIilIlllIllillillllfilllIlllllllllllllllllMlllllllll' E FRIDAY EVENING, MARCH 19, 1920 ?uillIllll|I|I||ll|ll|lllll||lllll|lll|llHllllllllllll“lll|l||||IlllllllII|I||||||llllllllllllllllllllllllllllIII_IIlIllIIIIIIIIIIIIIIIIIIIIIIIIIIIl['"l;MIIlIIIIIIIIlIlllIIIIllIIIII Jane Sproul Klare, five-year-old granddaughter of Governor Sproul of Pennsylvania, about to christen the S. 8. Commack, Hog Island’s eighty-sixth ship. She is the youngest person éver to launch a ship in the United States. BHITAIN GETS GERMAN DYES Well Ahead of Allies In Olmlnlng Coloring Stuffs—300 Tons Received. London.—Great Britain is well ahead of the.allles in obtaming Ger- man dyes, of which 300 tons have al- 4reudy reached this country. The committee of dye users which has gone to Germany under the au- thority of the boavd of trade to pur- chase 2,000,000 pounds of dyestuffs, includes representatives of the board as well as expert users engaged in the cotton and woolen textlle and the paint and varnish trades. They are ten in number and will devote a fort- night to selecting the colors most urgently required here. Their pur- chases will be ig addition to the 1,500 tons to which Great Britain is en- titled undér the reparation clauses of the peace treaty. From a census of stocks of dyes in Germany, it has been ascertained that there were about 22,000 tons, of which 8,500 are due the allies. The re- |’ mainder, atter the British quota, will |. be distributed to users in the United States, France. Belgium and Italy. MULES IN COASTING RECORD 8lide Five Hundred Fest Down an ley Hill Road Near Chilll- - cothe, Ohio. m—— ¥ Chillicothe, O.—A record was made in local coasting annals when Jeff aud Jerry, two draft mules owned by a local wholesale grocery firm, . to- boganned 500 feet down an fcy hill| - road. The Ross County Tuberculosis nn- ttarlum on Belleview Hill, ‘west of Chillicothe, was running short of pro- visions because delivery wagons were unable to make the trip up the fce|, . covered road. o A driver for the firm said that Jeff | i and Jerry, the trusty mules, could make the ascent. Midway up the slope they begap to siide, and to keep the wagon and its contents from going over the bank the driver unharnessed the mules, Jeft and Jerry sat down and slid to the bottom of the hill. A horse on the slope nearby decided to imitate the mules, but slid into a fence. “Sure, | Proposed to Him” Manitowoc, Wis.—“Sure, I proposed to him,” sald -Mrs. Annie Prueger, as she applied for the license to marry. The bridegroom in the case was August Krevis, gixty-seven, and this is. his second marriage. The bride is Afty ™ eight years old, and i{s plunging inte matrimony for the third time. 2 your choice. But the PosSTTO This Years Demand For Post Ibasties s Greater Than Ever Before - Public Demand Has Its Slgni ficance The grocers'shelves hold many brands of corn flakes. There they are; take . ater mass of ~. buyers, knowing merit, appreciatin .~ worth and valuing superiority in fla- - vor and satisfaction,order Best of Corn Flakes And so when you order specify Post Toasties— by name.It will mean fresh goods of superior quality, made on honor in the great- est cereal food factories in the world and sold to ‘you at a fair price, Made by Postum Cereal Co. lnc. Battle Creek,Michigan. \ Xt R X R 0N D AN X Defective