Bemidji Daily Pioneer Newspaper, December 16, 1921, Page 2

[ o PAGE TWO 7 [ +—The —* Scrap Book BRILLIANT, DON'T YOU KNOW! | English Schoolboy’s Humor Not Ex: | actly Original, But Many Think | i He Is Right, | The temper of the teacher who was presiding over the drowsy class was | 3 approaching the | éda-or its tether. | ‘The youngsters | were 80 exasper- | atingly saucy that | their instructress trembled with righteous anger. | The lesson was about the history of machines, They bad touched upon Kdison and his | volce-reproducer. The boys, however, | despite the lesson's interesting theme, | were-lethargie and lazy. | “Now, then,” the teacher asked, im- | patiently, “from what was the first | talking machine made?” i The. class pricked up its ears, Here | was' a’ chance to shine. For two | seconds forty minds sought for some- | thing brainy. Then a shuffling of feet &t the back, and a volce: “Please; miss, a rib!"—London Tit-Bits, Kind of Dog Worth Owning. 7 A Michigan reader writes the Mon- | treal Family Herald: “Some years ! tigo T started to raise chickens in an | fncubator. I had a little. fox-terrier | at- the time and she evinced the | greatest interest all through the three ! weeks of Incubation. “One night 1 awoke with 7Topsy’s cold nose on my | ¢heek,and on getting up I found the chicks had commenced to hatch. 1J had quite a time to keep Topsy from | tearing - the incubator off the bench,:\ where it sat. Next day I took a chick | and shaking my finger at the dog, who | was jwnplng up to- get it, I scolded her. and then put the bird on .the floor beside her. After a while she | took the chick and carrled it to her | bed and lay down;with.the chick: snuggled to her throat. She often ! took a sick chick to her bed. This | deg gave warning of fire en three dif- | ferent occaslons, The Jast time $30,000 worth of timber, ready to haul, and a set of camps that cost $1,200" would | have been destroyed if I had been ten nfinutes later getting there, Good little | Topsy.” He says the dog was his | constant companion for ten years. | Height of Generosity. | ‘When e church in Newton, Mass,, attended ‘by Darius .Cobb, the well- known ‘painter, was trying ‘to ralse money to. 1ift the mortgage, a mass meeting was held to solicit contribu- tigns. ‘It came Mr. Cobb’s turn to tell | whgt he would give for the cause, p, ‘-miwn't any money, but I'll give | - §200 plcture” he said. | When all the contributlons were In it was found there was still a, deficlt, and tlie members of the congregation weré asked to Increase thelr donations. *“All:right,” sald Cobb. “I'll do my | _{ffocace _for Wringing ENGLISH DOCTOR TOASTS London, Dec. 16.5-“The red-haired |, . “Red hair is/ woman gets thes, -while ‘the others 0f all colors, ém shades;* 6f- cojper sniff or -‘go after the henna,” Dr. Jo-|and red are the most beautifully un- siah Oldfi olagy. Currency Inflation in Europe - By GEORGE E. ROBERTS " (From the Monthly Letter Issued by The National City Bank of New York for December) ¢ UROPEAN currencies are neare preciation of the mark is soon re- Em.m,u'h;d,g'muflmedmmeoostofhvm& impossible to use them as media 'The Collapse of Paper Currencied of. exchange, There is no well- Included in' the definied line at the crossing of which countries i much the greater part of n currency - becomes worthless, but Europe, and it is important to know gvidensly it cannot continue to de- what effect further changes in their peeciate without reaching in time the currencies will have " upon their for- point where the public will refume to ¢ign trade and internal life, They mve ing for it apparently have not the resources 1" In Russia, the old unit, the rouble, within themselves to enable them to Sormerly worth about 51 cents, now get out of the fatal cycle of currency has a value so small that the old de- inflation and currency d wominations have long since passed A government must continue to func- untirely out of use. Even & thou- tion and must pay its way with some- wand rouble note of the new issués thing. These governments do not will not buy anything. _As the de- scem to bé able to increase revenues ciation has pmgressed the denom- fast enough to catch up with the de- mfions have risen, 10,000, 50,000 and' preciation of their currencies and give 100,000 rouble motes becoming the them a chance to-stop the printing wommon change in use, presses. It must be 'reco; also The Polish mark, nominally worth that there is a tendency for reyenues 238 cents in money of the United 1o fall off in all countries, owirg to States, is quoted at .03 of a cent; the business depression. It is a question iAustrian crown, formerly 20 cents, is whether any government in Europe fonly. slightly bigher; the crown of will-pay its way out of revenues this {Jugo-Slavia, which corresponds to year, and not altogether certain that ithe Austrian unit, is worth a little the government of the United States amore, about ,36 of a cent; the crown will do.it. The war raised the costs lof Hungary, of the same crown fam- of government as well as all induse dly, is worth about one-tenth of a trial costs, and_disorganized the en- loent, and the lei of anaxg? i‘or- tire social and industrial system. k . a S ) ;:réy -}?,fse“c“‘,'f;e,',a‘;";,‘fl ,,uyt:,ea, Inflation in the United States |extinction, and live on only because Light is thrown upon our xecent ere is nothing to take their places. bank credit inflation in the United 1t is difficult to see how business, can States by the state of currency ex- be carried on with them, and par- isting in a large part of Europe, ticularly how any agreements for where inflation has continued until . !future "performance can be entered the money is practically worthless. into in terms of them, Inflation is practically the same in B TR essence and effects whether it comes Carrency Situation in Germany . through paper currency or credit that Consider, for example, the situd. passes by means of bank checks. In tiom in y, where six months either case the mischief is dome by ago the mark was worth 134 cents, the increase -of circulatihg credit and even three months ago was without relation ¢o the production of worth more than a cent, agaimst a commodities enteting into frade, present value of about 35 hundredths _ Inflation had its start in the United of a cent. States during tie war, when great Kt is true that the mark has not de- amounts of bank credit were brought cihed as rapidly in purchasing power into use for the flotation of govern- in Germany as in the foreign ex-'ment loans and in response to the de- ichanges, The relationship between mands of business, which” was over- [intcmal prices and foreign exchange stimulated. After the war, following {is indirect, but it is close enough to five months.of slackening demands, cause a steady dirfline in the value of business was again ovar-stimulated. the currency for internal use, result- The de: for commodities ap- ing in strikes and wage-advances peared to exceed: the supply, prices conwtaafly. - The most effective in- rose, more credit was wanted from the internal the banks, and the latter at twwt lue of the mark into line with its thinking it necessary to support the above-named the gold bas effect by bank loans ‘was depreciating’ the ue of all money, including| gold itself, Under ordinary condi- tions, with the rest of the world on is, as before the war, such an increase of bank loans in the United States, accompanied by rising| rices, would have turned the trade lance l?um this_country, caused exports of gold, and by the loss of ank reserves compelled a restric- tion of lending, but with the erade! balance heavily in our favor this 8 g inflacnce was not in effect. It been charged that the Fed- eral Reserve authorities and- other| bankers set out deliberately to deflate prites, but this is not the case, They set out to check the alarming increase! of | loans and to hold the volume of reserve bank liabilities within the limit fixed by the law. In the fall of 1919 the country was at the parting of the ways. The reserves of the Federal Reserve banks were down_practically to the limit set by he Federal Reserve Act—a Kimit fixed with careful and unbiased judg- ment when the act was passed before| the war. The Federal Reserve Act provides that tha reserve require-| ments may be suspended for a period of thirty days and:that such suspen-| sion may be renewad for periods not| exceeding fifteen h but these are; clearly emergency p: ions, More-~| over, the law providea that a.grad-i uated tax shall be levied upon thel amount by which these reserves fallp below the regular limit, and also thati the rate of the tax shall be added to! the regular: discount rates while deficiency ~continues, These pro. visions clearly show the purpose and, spirit of the law, The banking situation at the clos of 1919 had practically reached position where the law required th provisions to- become effective, _an the steps gradually taken by the Fed eral Reserve-banks to increase dis- count rates were for that purpose| There was no sudden stop in the inq crease of loans; in fact the aggregal continued to grow until the fall of 1920. Moreover, the fecord that ¢he prevailing impression - tha the reserve banks have discriminated against the agricultural sections i not_borne out by .the record. An analysis of reports from about 9, member banks througglyout the_cot try has been made Yratee i the xchanges is the cost of revival of the’ peace industries re- Reserve Board, which shows that be- food. Germsty is obliged to import sponded. It soon developed, however, tween May 4, 1920, and April 28/ grain, meats; cotton, wool and other that the increase of bank loans was 192}, the borrowings from the Fed{ necessaries #intering into common ‘financing a competitive struggle for eral: Reserve banks in .agricultural consumption, and these imports must labor and goods and forcing both counties increased 566 per ‘cent ! be Eflid for at the current rates of wages and prices higher, in the same horrowings by, banks in semi-agri{ excl ange, - Since trade in com manner . wnodities is now free, the portions im- would operate.- . } ported fix the prices for the home- In o er words, the increasimg bank grown supplies, as well, and the de- amount of purchasing power put into declined 28,5 per -cent, that tissues of paper money cultural coumties ;remained practic: - ally” stationary; andborrowings b}j ‘banks in ' non-agricultural counti “A woman, to attract a man, must be a.little different from; the crowd.” Dr.-Oldfield saidl. " “She must be wick- ed, distinctly tdlented or, must strike some co'yr nnto‘, THE RED.HAIRED WOMEN t (By Unltmirl’rua) the best color note. eld told the Society of Phil- fcommon, i 5 “Other women, recognizing the ad- vantage of the red-haired woman in the matrimonial market, either envi- ously disparage her by calling ‘car- yots,” or copy her by using a heuna dye.” " THE PIONEER WANT' ADS ' BRING RESULTS [ T GIFTS THAT ARE NOT - The pretty sentiment which accompanies a gift ‘share,’ I'll ralse the price of my pic- ture' to. $300."—Leglon Weekly. - ; A HORRIBLE DREAM H He: Haven't | seen your face somewhere hefore? g - 8he: " | don't know. Um sure | néver saw yours, only after eating & 'welsh rarebit at night. Remarkable Coincidences. ‘A" case remarkable for Its coincl- dences has been disclosed at the Ny- #ck; N. Y, hospital, where Mrs, John Bates ‘and Mrs. George Gates are pa- tiénts. “They are lifelong friends, were born on the same day, stricken at the same thme, operated upon the same day for the same allment and are both iniproving. Before their marringe Mrs. Bates was a Miss Emma Van Pelt and Gates was a Miss Emma \rnn| Hard toIKill This Snake. An Australlan reader says that this summer when traveling In a five- pasgenger Buick, fully londed, and with brakes Im'rth\lly applled, he went right over nn old-man-tiger snake. The squecze dldn't even stop him. ’]?he‘ total ‘weight of the load, exclusive of | ,Ill:. car, was 800 pounds, | © Cow Well Supplied With Legs. A farmer of Fairfield, Ia., has & cow; that has five legs. The fifth leg grows out ‘of the upper left shoulder, and is falrly ‘well developed, but of course | swings useless by her side. Aside from | having this extra leg the animal is normal in all respects and is a good milker, " 3 | Prolific Cat. A'-boy in'St. Johnsbury, Vt., has a cat that is only a year and a half old and: has had four litters of kittens. +" Boys Born Without Ears. | Pwin boys were born without "any ears at’ Grand Manan, N. B, They Aved only two days. d v S | Bublicribe for Ths' ‘Datly ‘Ploneer. | Jg — Don’t Stub You e NE dark night——so the story goes—a certain large boulder in the middle of the road. Thou: thereafter, severely stubbed their toes or troubled t length, one lusty youth-—wiser than the rest—seized the stone-and heaved it from his path. And where it had rested, he found a bag of gold. \ Are you stubbing your toe? ‘Are you overlooking any bags of gold? How about the advertising in this paper? Do you re 1t is a bag of gold to many of our readers. In our columns you will find the advertisements of alert, progressive merchants and manufacturers who seek to tell you something they think This advertising is news about the very things you ought to know. that interest you most—articles that will save you work, or add materially to your comfort and well being, Thrifty men and women read advertising. To them it is a plain, every day business proposition—a duty they owe themselv 1t tells them where they can buy exactly what they want at a price they can afford to pay. * 'Advertising pays them. They makeitpay. & It will pay you, too. Read It r Toe! monarch placed a sands of his people, * o walk around. ~ At ad it—consistently ? money, lessen your es and their purses. b N i of flowers make the flow- ers as greatly prized as a jewel. For Christmas this year we are better prepared than evar to meet .the ever increasing demand for Flower Gifts. In addition.to Plants and Flowers of our own growing, we ha_ve arranged for a large supply dirget from the best growers in Minnesota. _ Poinsettias Christmas Decorations Natur.es tribute to the Holiday spirit. Baskets of Christmas Greens, Ruscus, The rlchvdark green foliage forms a per- Red Berries, fine for eenter-piece, fect setting for magnificent blossoms of pach X Rk ....75¢ Red Friez Wreaths, decorated, for the window; special, each ...35¢ Boxwood Wreaths, with red berries and bow, each ... Gift Boxes of Assorted Flowers Filled with - Christmas . Flowers Greens; special value at— ) $2.00, $3.00, $4.00 and $5.00 These boxes will contain Roses, Carna- tions, Poinsettias, Marcissi and other ap- propriate Flowers, packed in an artistic manner. - . We Make No Extra Charge For careful selection and packing, and cspecially invite those who wish to send Gifts of Flowers and Plants out of town to leave their order with us, bright scarlet. Our Cut Flowers for Xmas Also include the -following: Fancy Roses, Carations, Swecet Peas, Violets, Snapdragon, Chrysanthemums, Narcissi Daisiés. Ferns and Glooming Plants are very much in favor as Christmas Gifts. You will find our assortment complete and of excellent quality. Baskets of artistically arranged plants make splendid Gifts. The Narcissus Box A dainty and inexpensive gift that car- ries the real sentiment of its purpose. Boxes' contain three to. five bulbs. XMAS GREETING CARDS - WITH EACH ORDER. Bemidji Floral Company Phone 418 i - i 512 Beltrami Ave. oo 156-$1.00 S - and g_ = = = l_\ ;l il A il ~ USEFUL GIFTS FOR MEN MEN LIKE TO USE THINGS; YOU KNOW; THEY DONT put them into a “Hope’’.Chest—and- 'since the. articles here. are standard masculine needs—stripped -of "all that Men dislike— your'choice will be a safe and worthy one—his pleasure will be certain.: . 4 s NECKWEAR Christmas Sale T 0 O SILK SHIRTS especially. for Christmas firesents; they’ve got the many of them. You ' spirit of the Holidays about %‘needn’t pay $10, $12 or $15 for them—get the fin- est ones here at— them. Here ,you will find’ cut Silk and knitted Silk Ties, for in;,tnnce. They’re just the thing; wondeérful values, at '45c,_98c, $1.25—up These Christmas Speciais in Hart Schaffner & Marx and Society Brand Suits and Overcoats make your money go much farther. ALL-WOOL ULSTERS ' WORSTED SUITS Big warm all-wool Ulsters on sale at— Fine Worsted Suits for Men and Young Men; priced very low— $18.75, $24.50, $32.50 $19.50, $24.50, $27.50, $32.50 SLIPPERS - SILK HOSE A pair of Slippers always is such a satis- Nothing nicer or more practical than Silk fying gift; Comfy Slippers for Men, at— Hose. -We have a wonderful assortment $1.95, $2.25, $2.85 —in Clocked and Plain styles. . Extra Spzcial Silk Hose. . .59¢ PAJAMAS Seldom thought of, therefore. all the more wel- come_ All kinds, from -Cotton to lustrous Silk af- fairs; priced very. low— $1.95 to $4.95 $5.50, $6.50, $7.50 . HANDKERCHIEFS In Xmas Boxes ‘Always acceptable. We have a large as- sortment of initial and plain hemstitch- ed; very moderately priced. THE QUALITY STORE The home of Hart Schaffner & Marx clothes Any of These Articles Can Be Conveniently Ordered By Mail —Careful Attention Assured