Bemidji Daily Pioneer Newspaper, July 11, 1922, Page 3

TUESDAY EVENING, JULY. 11, 1922 2 FEDERAL A FOR APPROPRIATIONS OF ; $190,000,00¢ AUTHORIZED FOR THE NEXT THREE NEARS. e HOW MONEY 1S A_['POR';IONED i Eael!' State Must'{Mafch: ithe Sum Giyen by the Goverm;un& and Mum Prgperly Maintain “th, ighwayi m). Built. Ha e By JAMES P. - HORNADAY: | Washington.—Federal aid for roa¢ construction will be continued as s result of the authorization of addl tional appropriations for this work amounting to $190,000,000, carried by the postoffice appropriation bill signe¢ by the President_June 19. ' Fifty mil lion dollars is authorized for the fiscal year beginning July 1; this year, an¢ $65,000,000 and $75,000,000, respective ly, are authorized’ for each of the twc 136,500,000 iroads for each of the two fiscal years ' ibeginning July 1, 1923, and ;July Ll 11624, The fundy wlll adm{nlstereq iby the secretufy D of ngflculture through the bureau of pnbll’c roads. The apportionment to*be’‘made to | the various states is ‘approximately. as i follows : 1$702,188; Arkansas, $836,005; * Call- fornls, $1,641,399; Colorado, $894, 1171“ great mass of thie people to go'into-the | Connecticut, $320,599 ;- Delaware, $243, 750; Florida, $591,217; GQeorgia, ‘$1, represent, and must not be set down 1831, 872, Idaho, $620.®1 Illinols, $2; AOAD.BUILDING supplies go. fafther. pacity; the theory'being that! ‘public tends to buy on-a risingy ket, ithe ‘one effective wayto M?itrhuy the other day that, owing: to.the ad- succeeding fiscal years. ' In nddm‘m, is authorized for !ores|‘ Alebama,, $1,085,614 ; Arlzona. | restoration of good times. The strike refer.to as a econdary inflation. If I understand them, we “had a /primary inflation during cnd immediately after the war. I take it that, in the realm of prices, they mean by primary-infla- tion a general advance of prices Jn-a time when, demand’ 18 ‘greater than supply, the purpese; ‘being to check the demand and therefore make the “A secondary lnfintlon I take it,-is quite a differént uumx.xaigg;mcy; té advance prices: at a.time when there 48 a strplus of proddeing capnclty but a deficit in buying and consumwing ca- as tie 18 to make the market rises Not the Right Pracedute Now. “It occurs to me that there are proper exceptions to all rules; and ' myself, I.do.not -believe .that. a ;public which finds itself unable to buy at a lower level is likely to be better able to buy | at a higher level, unless Its income goes up at least a little faster than prices advance. I saw it announced vancing price of wool, there was like- 1y to be a general, though for the mo- ment moderate, increase in the price of woolen clothing; thag.on account, of the conditlon of the eot on" market we might anticipate some advance in the price of cotton fabrics; and, ;finally, that some factors in the metal market were disposed to discourage orders at this_ time, hoping thereby better prices later on. "t 4 “I want to say frankly that: l do not belleve that is the procedure:h; wfi!fim to bring about a quick and pemmnmt: of buyers, the unwillingness of a markets and make purchases, does.not a8 renresentlng, erely perverge J. E. AUBREY COMING i "WITH ROUSING SPEECH Chautxmqua folks. chance to" hear Aubrey, the » Atr!‘lefcgress rized as 3 1uchve leave nothm@h,' e idesired. Last year, Mr!: at Ozark, Arkanfi i¢@s a substitute for' the great ex-Govérnor Chas. H. Brough, the idol of his state. At the close of the' address,.J. F..Turner, head of the highway" ¢ommission, said to him: “Aubley, you are the !164,187; Indlana, $1,905,904% Towa, ‘state’ of the community mind. It'fep>|fist man I ever heard who could 1$1,401,015; Kansas, $1,401,521; Ken tucky, $944,786; Louisiana, $664,660; - !Maine, $465440(, Maryland, $427,086; { Massachusetts, $730,784; Michigan, $1; 1499,688; Minnesota, 51,415‘131 Missis- ' sippi,. $8G3,271; Mlssourl $1,632,086; | Montara, 51031257 ‘Nebraska, $1,-' 1054,126; Nevada, $635,624; New Hamp ' shire, $243,750; New Jersey, $628,581; New Mexico, $193,216; New York, $-, | large share of the things we common- 464,209; North Carolina, $1,139,560; North Dakota, $776,476; Ohlo, § ,88‘.. 003; “Oklahoma, $1,168,226; Oregon, $788,443; Pennsylvania, 2,265,969 ;| |Rhode Island, $243,750; South Caro 'lina, $707,492; South Dakota, $802, 1707; Tennessee, $1,098,461; Texas, -$2, 950,115; Utah, $566,278; 1$243,750; Virginia, $971,219; Washing: ton, $735,806; West Virginia, $534,906; Wisconsin, $1,263,211; and ‘Wyoming, | 1§623,078, making a total of $48,750, 000. States Must Match the Funds. These funds must be: matched by ithe States and will be administered {subject to the gemeral provisions al ready in force. The new legislation reduces the maximum participation on the part of the government from $20,000 to $16, 250 per mile for roads constructed with ‘the appropriation for the mext fiscal year and-$15,000 per mile: thereafter, Eridges over 200 feet .in span may be considered- as separate projects to which this limitation does not apply. ‘In states where more than 5 per cent of the area'is unappropriated public | ¢ 1¢nd provision IS made for an-increase in the amount per mile. The act also provides for the extenslon of federal aid to the construction of structures required for the elimination of rail- road grade crossings. Tiwportant provisions of previous acts under which large funds have been suc. cessfully administered are applicable to the new funds. States must main- tain adequate highway departments.. Funds to match federal aid must be placed under the direct control of the state highway department.- The type of surface constructed’ mmst Bé ade- quate for the traffic anticipated, with reasonable grades, . curves and. other features. States must obligate them- selves to maintain all federal-aid roads constructed, and in case this is not done any federal funds available for new projects may be withheld until the roads'are putIhtoxsatisfae: itory condition. ¢ State Systems ca-ordlnated Plans for the proposed -system have. :been received by the bureau of public ircuds from all but eight states, and the state systems are being co- ordlnated so that when joined together they will serve the best interests of :the whole country. In the meantime only projects certain to be in’the pro- ;posed system.are being approved. The new appropriation coris at a |time when several states are nearing ithe limit of funds available.. The authorization of funds-for three years in advance will be of great:benefit to ,all states in that it will permit them tc lay their plans for some time ahead. Tincertainty as to future federal aid is removed and provision can be made at once for raising state fumds to .ateh it Wrong Time to. Raise Priges. Men influential “im the: adminls- tration are raising their voices against the -tendency to push/.up prices agaln. “The present is a good time to sound a warning aghlnst any general effort to put up the prices of those things the mass of consumers must buy,” says the comptroller of the cur- rency, D. R, Crissinger. “Such a move- ment, I feel, would just at this junc- ture be likely to prove untimely, and to bring unfortunate consequences. I am familiar with the fact that in gen- eral the tendency is to buy on a rising market and to sell on a frlling market. But that doesn’t by any means assure that business is bound to get good when prices are getting higher, or get worse when prices are getting lower. “So I want to warn against any ten { the ‘money with which to buy the +'things it wants.” Vermont, |: | from German nationals during the ‘|iwhich- $100,000,000 is_in. cash and on **| nounced, to ukue‘nny partfof-the $400,- resents rather an adverse state of the community pocketbook.” You can ‘erally ecount’on your public to bu; ‘least as freely as it can afford to buy; ‘and you can pretty safely assume that when a8 a whole your public persists in wearing its old clothes, in putting a third pair of half-soles on its old 'shoes; and in gétting along without a Ty regard as-luxuries,.it is taking that attitude, not because it wants to:hurt samebody else’s feelings, not because it is animated by a desire to’ make it- self disagreeable, but because it hasn’t Ready to Return Alien " Property. The United States is ready to begin ‘returning the: property it took ‘World war. This property is valued at <. something « over: -$400,000,000, of ‘deposit-in the vaults ‘of the- tresury here. The alien” property custodian, Thomas W. Miller, has a bill ready for presentation to gcongress- under which all sums of $10,000 and under will.be returned to their owners at once. Un- der the law ne property,vested in a citizen-of either Germany, Austria or Hungary can be returnéd-‘until -con- gress acts. There: are 20,608 trusts valued at $10,000. and under. If all of these should be disposed of under the legis- lation which. the alien property, cus- todian is about to propose, an aggre- gate of about $24,000,000' would: be re- turned. There would be left for futnre disposition” 1,502 trusts of betwéen $10,000 and $50,000; 498 trusts be- tween-$50,000 and s2.>0,000 162 trusts between. $250,000 -and- $1,000,000,. and'’ 50 trusts of over $1,000,000 each. The separnte peace resolijon which congress-passed last year, known as the Knox-Porter re@olufion, provides that the United' States shall not sur- render any of the:propel ;which ‘lt‘ took from German citizens luring war until® arrangements shail been made for handling the Anj claims against Germany. The twg. ernments_have just come to an gt ‘ment under .which these claims fimn handled by & mixed: commisgston, and thig agreement, it is pointed out, opens the way for return of the property. There are .seyeral classes, of claims against ‘Germany. First“fhere are those claims. of. Ameri¢ans.whose cash ‘was received by the German alien property custodian. The. holders of those claims are now offered the re- turn of thelr cash at the:depreciated value of the mark, which, it accepted, would amount to practical “confisca- tion. There are claims on file with the State department for the loss of prop- erty and life at en growing out of the submarine slnklngs previous to April 6, 1917, the date on which the United States” entered the war, amounting to $415,000,000. 'Of this amount apprpx- imately $160,000,000 are clahns for Joss of life. Then there is the American government’s claim of $241,000,000 on account of the maintenance -of troops of the United States® on the Rhine. 1t will not be the policy of the Unit- ed States, 4t- 1§ autfioratively an- 000,000 of! nlfw property hél by this Harding, Hughes; W of thought to the matter, hold that ‘such use of the trusts held by the! ‘United States would be confiscation of private property. -It is not unlikely that a considerable part of the $375, 000,000, which still remains in the pos- session of the United States after re- turning all the trusts of $10,000 and qunder will be held until there is rea- ‘sonable assurance that the American ‘claims against Germany are to be set- tled. The authorities here confess ‘that they-have . no-information as to when Germany-will-be able to pay. any. considerable -part..of .the $415,000,000 fill ‘Governor ~ Brough’s place as a speaker These people forgot that the governor nad iailed to come.” He is scheduled’to speak-here on “The One Mile Town.” His theme deals with the mistaken phychology that settles down " and decides that we have attained our full growth and possibilities. That is the end of all possible progress. It is the mission of Mr. Aubrey to jar people from their moorings and engage them in the. general forward movement in .all things that look to-| ward community progress and devel- opment. It is predicted by the management that the people who hear Aubrey will vote that-his address alone.is worth in practical value, the whole cost of the Chautauqua. BOY SCOUT LEADERS f COURSE AUGUST 1 TO 12 Enrollment of Boy Scout leaders in the university’s training course in forestry, woodcraft - and scouting, August 1 to 12, will be limited to 35. The course will be given at the sum- mer station of the university’s divi sion of forestry in Itasca Park. Ap- ‘| Bugge and Miss 4 Ewe,ek .| Monday frop -| attended a cpnvenjwn - Alice Peterson-who :will remain with are to get aj Da; after( last ! day for Grand Forks, N. aitending the Bagley school term. John Wiltse of Beinidji y in Bagley. " H. M. Kvam, Miss Cora Sor- enson and Miss Mable Holn\en spent Sundaty’ with friends in’‘Crookston \Clititon Holty and Emest, Al and: Arthur Krognes o Muorhcad f cempanied by, 0. T. Holty of qufiey, 4 arrived ‘here Sunday . for a. visit at the | latters home. ., 1 "Mr, and ‘Mrs. -Otto Oxm oi Clif-{" ford, N: D., motored:hevré Saturday for a iisit wlth relativi E , Thomas Ray ‘and I !-ml of For- syth, Mont., accompanied: by Irene Orr and Goldic MeGrif¥; motored to Cass Lake Mondayi: George Fricker “ofit St Hllaire spent Tuesday in Bagley. Mr. Frick- a former Bagley resident. ss Agnes Tangen; who has been employed at Clifford, N. D., arrived here Saturday for a visit with her parents. Thomas Ray and Ira Hill of For- syth, Mont., visited at the home of Mrs. H, M. Kvam last week en route to Dale, Vermont, via auto. day for Cussin, where she will spend the remainder of the summer. ¢ Mrs.-: Billl Wiench, Miss Coral Capitala Moline motored to Bemdiji Friday. Tuesd: Mrs. Mabel -Dennis and ‘daughter, Miss Lucille, of Wilton, are vmtmg ith friends in" Bagleg. ) y «Miss Effie !Ibu% 4 C:‘bof(&toh was aguédst of enofa_ Ne’lson last spent dismot Fradk An’&‘eu;:' and 5., Jace spent Satarday in G rapgd, Forks. & Dick Swinburniearrived hc'ne Sfi urdny from Wales, N. D. Arthur " Arifansén lefid Monday for Mahnomen after beif}' employ- ed in Bagley Yot the ‘past moi Rev."J. P. land returned “home apl Bay, where he|, . Albert Malm and’ farmly of Minot, N. D., motored here Saturday for a visit at the H. C. Peterson home en 'route to Cass Lake, where they will spend the summer. They were ac- companied to Cass, Lake by Miss them for a short visit. Miss Goldie McGriff left Thurs- her home in Minneapolis after” a two weeks” visit with friends. . dren, of Clearbrook, spent Tucsday in Bagley. day in ‘Grand Forks. Miss Capitola Moline returned to and M Mr. and Mrs. W. Covey and chil- Miss Coral Bugge spent Wednea Nelson home he lnwtes You Every bay Camping Grounds Bathing Pavilion —Electric Lighted— Sold at the Park. Bathing Suits for Rent ARCHIE Picnic Grounds SOFT DRINKS - LUNCHES - COFFEE " Plan Your Picnic for' DIAMOND POINT Custodian DITTY, tertaining relatives’ from’ Crovkstom! Mrs. "A. Barth and daughter Pa- tricia, ‘adcompinied by the formei’s * sister, Joséphine Nelson, returned’ to “their homerat Minneapolis Thursday. after a few feews’ visit' at the N. O: A perfected blend, always mamtamed in every can of Nash’s Delncnous Coffee—constant ' care during every process of its manufacture— ) a\NLleamng—y- ‘hot. roasted” crispy freshness. v .o ' ResSupnia clean, smooth, satisfying cup of fragrant coffee, Jres 2 (h&t m;ke: fucwh whmver served. You'll love the de i “CANTON and TIRES and TUBE Guaranteed to be first class in workmanship and SATISFACTION. SIZE FABRIC 30x3 S .50. 30x334 32x33% 31x4 32x4 33x4 34x4 32x4%5 33x41% 34x414 35x4 16 36x4 1 33x5 35x5 37x5 Mail Orders filled same day as received—or dri door—no extra charge for putting ncw tires on. If your tires go bad on the road, phone 17-J and new tires and put them on at prices quoted above; Next Door to City Hall New Tire Prices “BLACKSTONE” S materials— Matland’s Vulcanizing Shep ve up to our we will bring Phone 17-J plication for admission must be made |}’ to the secretary, University Farm, St.- Paul, on or before July 15, and|B’ must ‘be accompanied by the regis- tration fee of $5. The 'course is open to scout executives, commis- sioners and masters sistants, members of scout councils, troop committeemen, instructors and examiners. BAGLEY (Too late for last week) k H. Johnson and Lloyd Olson me- | tored here Tuesday from Hlllsboro. " N.!D. ‘Mrs. C. G. Scrabeck and. scm of Solway spent Tuesday at Lhe H. K. Brown home. T Bank Xo. 1478 ... . ., Statement of the Condition of |, PEOPLES ETATE EANK, PINEWOOD, MINNESOTA at Close of Business on June 30, 19232. RESOURCES Loans and Discounts ........ $28,676.39 Bonds and " Securitles other than those of U 3,394.87 Banking House, T Fixtures 1,910.14 Due from otk .$324.54 Total Cash Assets....$1,10: Checks and .Cash Items Paid out for ¥xpense: Excess of Earnings 1,103.64 21.08 2,226.93 1$37,332:95 LIABIIJTH"% Capital Stock Surplus Fund Notes Rediscounted ‘and "Bill “Payable (including certfll- ;-cates for money borrowed) .. Déposits Subject to Check Cashier’'s Checks Total rmmediate- Liabilities., 10,000.00 2,000.00 .$6,443.32 Time Ce(-t;fiaaié{ LIl417880.63 Total Deposits ... $23,832.95 23.832.95 $37,332.95 .$1,103.54 Y, .$1,642.67 Totalizs sonssains Amount of Reserve on hand. Amount of R Law STATE 0 : County of Polk ss: We, Joseph Tagley, President, and Carl 'Clauson, Cashier. of the above- named Bank, do solemnly swear that the above statement is true to the best of our knowledge and belief. JOSEPH TAGLEY, President. CARL CLAUSON, Cashler. Correct Attest: JOSEPH TAGLEY, A. D. STEPHENS. ‘Subscribed and sworn to before me this 7th day of July, 1922, 0. M. GROVEN, (Seal) Polk County, Minnesota. Notary_ Public, My ‘Commission expires April 7, 1923. and their as-|| Miss ‘Myrtle Edgar Teft on ’L‘h\lrs~ ! 1,560.00° The time must come when all busi- nesses ‘will consider the adVISabll- ity'of advertising in the same splrlt that’a manufacturer ponders over the advisability of adopting & new machme. One does not install-a plece of labor-saving mechamsm ‘ because it suits his fancy; but be-, . cause the efficiency of the business _requires it. He expécts the new machine to re- duce his cost to operate—perhaps to make a better product—and :thus aid him in meetmg competi- thl‘l and makmg larger profits. e Advertlsmg is exactly similar.. The ' it #an who refuses to consider it as a e ‘possible expfidlent simply shutsy - i F~Ims é;es on one of the problems of = gms business. He mlght as well ig-+ nore the banks as sources of credit when he has need to borrow capi- tal. ( Published by th ‘A Business Motive Power On the other hand, the man who looks to advertising to. checkmate all weaknesses and shortcomings of his business and to carry it along to victory despite these, has a child- like faith.in the miraculous. Advertising will not make his prod- uct or his service any better than they are; but it will bring him the full benefits of their merits. It will not eliminate wastefulness in his factory or his store; but it will re- duce his cost to operate. It will not make illogical selling methods successful; but it will assist good selling méthods, and often point the way, for improving them. Advertising is the most inexpensive motive ‘power that the manufac- turer or merchant can buy today. It is a form of stimulus that brings excellent returns on the investy ment. midjl Ploncer in eo-operativn with ¥ The American Assoeiation of Advertising Agezclos.