Bemidji Daily Pioneer Newspaper, October 7, 1922, Page 6

A (Continued from Page 1) tend to bring about a general in- flation. “The tariff bill which was passed | last month, is a second cause of in- flation. Whether-- or. not. such a tariff is good for the country isia, pol 1 question and is not for me to discuss, but all students are agreed | that it is largely a temporary stimu-| lant. The tariff helgs the manufagt: urer the same as i neither the _tariff nor the .Immigra- tion Law increases rpoduction. or makes two blades. -of ; grass 'grow; where only-one grew before. - The tagiff wil cause an increase in the price of goods the same as the Im- migration Law will cause an increase in wages. Increasing prices and in- creasing wages, however, do not make- the country any richer. The country becomes richer-only as it has more houses, more bushels, more tons, and more yards of goods.| Marking up the price of goods ac- complishes- nothing- With about a thousand dollars you can today buy a million German marks and become a millionaire, put you are no richer than before. . “The third event that will help bring on inflation, happened last weck when England gave in to Turkey. England. has been the one. great country, outside of America which i b hits stéod far. law and. order; for the | # payment of debts-and sound cur- & rency.. The lack of Framce and It- & aly to back up England on the Turk- ish matter. has shaken the confidence of the world in:Europe and Euro- Even some English- aying, ‘What's | i Tf no one will back us up had better let nature take its P we ad of checking its bad leaders has. given in. to thenr. of Europe. -The backing down of England is the defeat for sound money interests of the world. This is bound to have an unfortunate effect in this country and cause higher interest rates. The cheaper interest rate-period in which we be chécked and ‘even money may be scarce for a short time. As the im- migration restrictions cause an in- inflation in- prices, so this Turkish episode may cause an inflation in interest rates. “These threec factors may cause temporary inflation. Nonc of them hkowever, affect the long swings of business which are detirmined by fundamental’ economic.law.. So far 2s the-dong swing goes, we are in a period of deflation which will con- tinue for some years to come. Over the long period of years the tendency of wages, prices and interest. rates wil continue downward. However, it is likely thetth is tendency has tem- porarily been checked and we shall probably have all the ear marks of a period of prosperity. during the next few months.” General busines as reflested by the index of the Bobsonchart is at the highest point in over two years. Activity. this weck. is. but 6 percent below normal as compared with percent below last week and 1Y per cent below a-year ago. BEGINNERS BAND WILL HOLD MEETING TONIGHT Bandmaster G. O. Riggs annuon- ces that the Beginners band will meet this evening at the City building at 7 o’clock sharp. At this meeting all boys who have enrolled are ex- pected to be present. Those who are not present will be dropped from the organization, unless a suitable excuse is sent by one of the other boys. Assignment of all boys to instru- ments was made at the last meeting. < and: will be final for the present. come. This me(is fthat Europe ' The Turkish | ry is a victory for the infla-| flation in wages, and the tariff an/ have. been ‘entering may temporarily |’ | FRANCE BACKING CREAT BRITAIN AGAINST TURKS (Continued Frem Pags 1 | ter a tentative agrepment had been reached by Curzon and Poincare, and gave its consent. to.their plan. Cur- zon, who held three out of six tele- phone lines butwe_enthYiqa X Jiondon ‘open all night; then got in-touth with Downing Street. The British cabinet, it was believed, | will be called _together immediately ¢ qiscusg‘h@ tenflftive agreement. e datef ofithe peap@yconference will set, in event both the British and | French government back the position of their representatives. Curzon, it was stated in a confer- ence with Poincare, won the. British premier over to the stand that the should not be permitted to cros the straits until peace is declar- ed. It was pointed out by Curzon that if the Turks gat. Thrace immediately, the allies ‘would he deprived of any effectual means to bring .pressure tp bear:on the Kemalists to make them accept the conditions regarding Con- stantinople and - the straits .as laid down in.the allies’ note to! the Turks which was dispatched two. weeks ago. It was anticipated that - Mustapha Kemal will back dawn and accept.the latest proposition: in the face of a solid_front of the allies. After-the ultimatum, ordering the Turks not to . cross. the straits, is, pre- sented, it is.expected that the Greeks will be notified to start to evacuate as soon as possible. NORTHERN EDUCATORS FAVOR MORE STATE AlD (Continued from Page 1) ures which provided for rural sghool helper, ‘physical - edueation, and an cxtension of: the library service. “Be.it further resolved that we favor a revision of the law providing for the Teachers’ Insurance and:Re- tirement fund which will enable ithe | state of Minnesota to keeps its pledge to the teachers of the state, and to place said fund on a sound financial basis.?. 1 N The resolutions committee con- sisted of Miss Clara B. Schuster of the ‘Bemidji ‘State . Téachers college Miss Clara B: Ghurch of (Cass Lake, Clyde Anderson: of Menahga; F.'W. Dobbyn of Backus and A. M. Bank | of Park Rapids: * o EFFICIENCY TO SOLVE. _ BURDEN SAYS COFFMAN (Continuea From Page 1) is now being spent for eur entire ed- ucational program. & At .the Friday afternoon session, W.I. Nolan'was the principal speaker. | P. E. Carlson, president.of-the Minn- csota Education association, was un- able to be here on account of ‘ill- ness. Mr. Nolan is speaker of the house| and ably presented his subject to aj| Jarge assembly of teachers and other| educators. ¥ - - ul He stated that the legislative com-| mittee on education had under con- sideratiog many suggested laws| presented to . them . by . various| organizations oi the state and-that many more would probably be sugs goested, that some favored one thing o Mrs. | Anna Dickey 0 Democratic Candidate for UNITED STATES SENATOR MENCING AT 8:30 P. M. A special invitation is extended to the women of . the city to come and hear one of their own sex discuss e i_s(s!'x*e:s frcm a woman’s stand point, Everybody Wel- Democratic Committee and some .gnather and that the leg- islature always endeavored to give fair consideration to all issues pre- sented. - “Each year we are appropriafing more moncy for educational purpes- es,” said Mr. Nolan, ‘“and/ I am strongly in favor of-increasing these appropriations, because Lbelieve that for no other purpose do we get value received in the measure. that higher education brings forth.” Mr. Nolan was strong in his belief This list will be checked over tonight| for better teachers and urged that all of whom the Literary Digest sgyg.,—“Sj\é is far and - away, the ablest and brighest woman, né;kmg office in the United States” will discuss ‘the political issues of ; the day in the : ‘in (}ii; city TUESDAY, OCTOBER 10th, COM- e achers sééute the proper kind™ training that will Tefleet character tn§ the pupil. 4 b GIANTS TAKE ANOTHER; CINCH WORLD. SERIES {Continued From Paze 1) ant buying” that some action will probably be ‘taken this winter, and; Frank Snyder formed the battery for the Giants today.: Carl W. Mays, the only under hand pitcher:in;the Major leagues and one of: the best of the Yankee-pitching staff and Walter H. Schang ' first string &atcher, opened the ‘game for’ the Yankees. i Bunching their hits in the second half of ‘the first inning, the Yankees scored. two runs out of four hits, “an -early lead over the’ Giants: ror the first time: during the, 1922 series. Tight playing featured the second, third and fourth innings but in the fifth the Giants staged a come-back and secured four runs. A down pour of-rain nearly caused the umpires to call off the game but the insistent -demands of the crowd that the game cantinue kept . the leaguers at it despite the rain. ‘T'he seyenth inning brought anoth- er run for the yankees and brought a ray of hope that the Americans might overcome the' National's lead gained-in the fifth inning. Both sides remained scoreless in the eightk and ninth :innings, .the 'Giants praetically cinching the penant through today’s victory. ¢ Reports on today’s game were re- ceived ;hy the Pioneer . through the courtesy of the Grand theatre and the ceiving stations. This service is prov- ing very speedy though at times the weather conditions prevent™ under- standing of the entire - descriptive message. eral-are received through this meth- L ———— B ¥ , Uet. 7—A light rain was falling shortly before noon to- day. *The skies were leaden and a fog covered the vicinity of ‘the Polo Zrounds where the Giants and Yan- kees were scheduled to play - the fourth 'game of the world series this afternoom: Washington, Oct. 7—Rain_tonight and temorrow will dampen .prospects for a Sunday world series. In New that the forecast called for rain with showers: and-cooler -Sunda - Naylor: Electric Company, radio. re- |’ .However, the rsults in gen- |- ROMOTION EXERCISES AT < MET]’!ODIST SCHOOL SUNDAY During the Sunday séhool "hdar:to- morrow at the Methodist church, pro- motion exercises Will ;be held in"the Primary departmeiit in the basement {| for the Third Year boys and girls, who have completed the work in: that dgpartment.nad will become' members of the Junior department. Also. the Second :year- Beginners’ class, who have feached the sehool dge and have entered -the first:grade of the public sehool, will be-promoted from the Be- ginners departmentto.she Primary department,.each of these clases re- ceiving certificates of “promotion from 'the Sunday school:* b e ) Additiopal Want Ads. FOR . RENT—Modern furnished Toom, 520 Beltrami avenue. Phone 765-J 4t 10-11 FOR_SALE—One sow ‘and - several six ‘weeks: old pigs. *Also three pure bred light Brahmah roosters or will trade roosters for pullets of same breed. P. F. Flake, 1209 Norton avenue, pnone 632-W - 64 10-13 FOR SALE—52 gallon steel barrels at $1:each while they last. First come first served. C. W. Jewett Co. 2td 10-9 HELP WANTED—Woman . to do house work on farm, Mrs. E. M. - Sathre. 3td10-10 itw10-10 POLITICAL ANNOUNCEMENT (Inserted for and by Edwary Paul- son .in-his-own behalf. ;Amoynt paid for series $15). - $ EDWARD PAULSON COUNTY COMMISSIONER ' 1st.DISTRIET - the veters at.the general election, !Novnmbm Tth:*His récord as a fair and eYlicient cémmissioner during the past term speaks for itself. He served the county well and | his friends as well as voters general- 1y speak highly.of the service he has rendered. Your vote and support will be ap- York, the weather bureau predicted | preciated. -EDWARD PAULSON Within a feyv days, the ern’ Minneésota. purchase uritil you will soon appear. chants gasp in wonder. most ‘daring, p‘fi‘c‘e-wreck}ng event, ever étified in North- We promise you it will be absolutely nothing like it ever attempted: £ _ If you are plaming on buying any clothing, Boys and Men’s Suits; Overcoats, Shoes;” Shirts; 'Underwear, Hosiery, Sweaters, Hats' ard Caps, etc., postpone your have read sur ‘advertisement which Values offered will make customers as well as mer- Respectfully solicits the support of | " F.OB. DETROIT Never before has there been produced, at so low a price, a car so service- able, so trustworthy and so economical of mainte- nance as theFord Touring Car. Millions of owners say so. Buy your Ford today. Terms if desired. C.W.JEWETT CO.NRNC. . SERVICE GAFACE MINNESOTA | Phone 252 people of Pen}idji will see the un;g»ralleled, For Good Health sanitary way possible. . Also a Full Line of Pastery Housewives are invited to call and inspect this clean and whole- .. some bakery. 'SANITARY BAKING CO. -All That The -Nanie Implies ~ P.R. i’egé;sdn & Lawrence Larson Try one order-—See how _gopd bread can be made Actoss fi m Rex Theatre B. W/ LAKIN, Preiident E. R. EVANS, Manager # *-C. L. ISTED, Secretary-Treauurer ° BEMIDI LUMBER & FUEL G0, - OPPOSITE GREAT NORTHERN DEPOT " "LET US SUPPLY YOU WITH LUMBER - LATH — SHINGLES LIME — CEMENT - PLASTER PAPER—Roofing and Sheathing : BRICK:- Conimon, Fire and Fancy ** Sash Doors and Mill Work. GOOD BREAD, Our bread is baked in the.. most FULL LINE OF DRAIN TILE AND SEWER PIPE State of Minnesoa Purpose and Effect Attorney-General of Minngsota._ | posed "to ielectors of sald state at the general elec- !now reads as follows: " of the. its General Session, 1921, to the People of Minnesota at the General 1922 Election' To- gether with Statements of of each CLIEFORD L, HILTON { ‘Addressed to MIKE HOLM Secretary ‘of ‘State. N - ST. PAUL, MINNESOTA, OFFICE OF ATTORNEY GENERAL," 3 June 30, 1922. HONORABLE MIKE HOLM, Secre(ar{ of State, Capitol. SIR: As required by sectfon 46, General Sta- tutes of the state of Minnesota for the year 1913, I have the honor to furnish you, herewith, a statement of the pur- poses and effects of all amendments pro-, the constitution of the state of Minnesota by the legislature of 1921 and which are to be submitted to the, tion in 1922. PROPOSED AMENDMENT NO. ONE! Chapter 528, Session Laws of Minnesota for the year 1521 proposes an amend- ment to section 10 of article 9 of the, constitution of said state. Said section “The credit of the state shall never be given or loaned in aid of any in- dividual, association or corporation. Nor shall there be any further i of Londs denominated -Minne: - g5, excepting and reserv- g to the state, nevertheless, zll rizhts, remedies and forfeitures ac- cruing under said-amendment.” If amended, said section will read as follows: “The credit of the state shall never be given or loaned in aid of any indi- Vidual, association or corporation, ex- cept as hereinafter 'provided. 'Nor shall there be any further issue of bonds denominated ‘Minnesota State Rallroad Bonds’ under what purports to be an amendment to section 10 of article 9 of Phe constitution, adopted April 15, 1858, which is hereto ex- punged from the constitution, savine, excepting and reserving to the’ state, nevertheless, all rights, remedies and forfeitures ~ accruing ~_under said amendment. Provided, however, that for the purpose of deveioping the agri- cultural resources of the state, the state may establish and maintain a system of rural credits and thereby loan money and extend credit to the people of the state upon real estate security in such manner and upon such terms and conditions as may be prescribed by law, and to issue and negotiate bonds to provide money to be so loaned. The limit of indebt ness contained in section 5 of this ar- ticle shall not apply to the provisions of this section, and the purposes for which the credit of the state or the aforesaid municipal subdivisions thereof may be given or loaned as herein provided are declared to be public purposes.” The PURPOSE of sald amendment Is t develop the agricultural resources of the] ! state by authorizing the lending of money | and credit of the state to the people upon |real estate security. The EFFECT of said amendment, I adopted, will be to authorize the enact.| ment of laws By the legisiature for th establishment and malintenance of a sys-| tem of rural credits.” The legislature wil be empowered to provide money by thel Issuance and negotiation of bonds of the] | state to be loaned upon real estate secur-| Ity to the people of the state, and will bz enabled to prescribe ‘the terms and con- ditions upon which such money may bel ient and such credit extended. “There will | be'no limit of Indebtédness in this respect) and the state will.be enabled to issue and| | negotiate as many bonds for this purpose| | as'it deems advisable. PROPOSED AMENDMENT NO. TWO 3 | Chapter 529, Session Laws of ‘Minnesota| | for the year 1921, proposes an amendment] | to the constitution of the state of Minne-| | sota by adding a new section to article 9,/ | t0 be known as section 1A, to read as fol ‘Every person, co-partnership, com- pany, joint stock company, COTpora= tion, or_assoclation, howaever or for whatever purpose organized, engaged in the business of mining or pro- ducing ron ore or other ores in_this state, shall pay to thd state of Min- nesota an occupation tax-on the val. uation of all ores mined or produced, which tax.shall_be in addition to all other taxes provided by law, siid tax to be due and payable from such per= gon, co-partnership, company, joint stock company, corporation or asso- ciation however or for whatever pur- pose organized, on May first of the calendar - year next following the mining or producing thereof, The val- uation of ore for the purpose of de- termining the amount of tax to be : / gn./éll § .C/Z/y‘y(éud/ nvtences e @%flzd// 5(/ s Clffpee tn e .j{éz’fl RBrrr .""; L/l‘(/(%;lyc Gl Profllyloies anct N-Fny o« Lfecrinliy. hsocci ol itk Doctors Piulmer and Reicfoardion 180-J - 224 Phones . paid shall be ascertained in the man- ner andmethod provided by law. Funds- derived from the tax herein provided for shall be apportioned; fit- ty per cent to the state general Tev- enue fund, forty per cent to the per- manent school fund and ten per cent o the pérmanent university fund. The | legislature shall by law make the | necessary provisions for carrying out | the provisions of this section.” |, The PURPOSE of sald amendment Is| to direct the legisfature of the state of | Minnesota to impose and to keep In effect En gceupation tax upon those engaged In the business of mining’ or producing_ Iron ore of other ores in this stete, In addition | to other taxes imposed by law, at a rate, based upon the valuation of the ore pro- duced, to be determined by the legislature and to provide for the proportionate dis. tribution of such taxes to’ the generall revenue fund, the'permanent school fund, and the permanent university fund. The EFFECT of the amendment, It adopted, will be to direct the législature to Impose and keep in effect such a tax upon those engaged in said business; and to reauire that the proceeds of such tax- es shall be distributed In the manner following, to-wit: fifty per cent to the &tate general revenue fund, forty per cent |t the permanent schodl fund, and ten [per jcent to' the " permanent university i“d_. % Yours respectfully, CLIFFORD L. HILTON, Attorney General. _ SUBSCRIBE FOR THE PIONEER 1 - =