The Bismarck Tribune Newspaper, December 10, 1918, Page 6

PAG PROFESSOR FISHER HAS PLAN TO STABALIZE BUYING POWER OF DOLLAR BY IRVING FISHER, pre s turned out rubles night and Professor of Political Economy, fa with the result that the currency Yale University. | rapidly depreciated; and the soaring Since, 1896 there ha | prices doubtless helped, through the country a steady incre |discontent they created, to bring in the beginning only 2 or t | about the revolution, a year, or 1-5 per cent per month, but} In the United States price move- lately very much more rapid, 2 or 4' ments are measured by a figure called per cent per month. {an “Index Number,” which is the care- At the time of the Revolution and | fully calculated average of wholesale during the Civil War, prices were sim- | price quotations collected monthly by ilarly very much, ‘increased. ‘The | the bureau of labor stastics. Taking story is told of a “housekeeper who | the index number for 1913 as 100 per went to market with her “Contineatat’} cent, the price level has increased so tithat in August, 1918, the index num- ‘| 3 per cent. paper money in a basket and orous home her purchases in her pur Even today “not worth a continenta It is easy to see that the high prices is the expression for the it of/in Reyolutionary times or in Russia worthlessness. |were largely due to depreciated | rency. The same cause, although we j hardly realize it, largely explains our Price Movements: How Measured. . printing | high prices today. None of the other v. In Russia during the wa a SSO oS aS SS The Kind You Have Always Bought, and which has been in use for over thirty years, has b gnature of ee and has been sonal su All Counterf its infancy. cu ja this. ? are but the health of Timeat. A Allow no one to C2 Experiments that Imitations and ‘J Infants and Children—Experience trifle with and ¢ tri Par Castoria is a harm Drops and Soothing neither Opium, Morphine nor otker n age is its guarantee. For mo Deen in constant use for the relief of Constipatio: Wind Colic and Diarrhoez therefror d by regulati Sto the assimilation of Food; giving healthy and natural The Children’s Panacea—The Mother's Friend. fascia GENUINE GASTORIA Aiways 9Bears the S ‘egoric, contains Its it ; on, ‘latulency, allaying Feverishness arising z the Stomach and Bowels, aids In Use For Over 30 Years The Kind You Have Always Bought THE CENTAUR COMPANY. NEWYORK C!TY, THE LID IS OFF All restrictions on building: opera- tions in city and country are now re- moved by the War Industries Board. No permits are necessary. YOU CAN BUILD ANYTHING NOW Weather conditions will still allow you to do much work. You can finish your garage, chicken house or hog house. You can start the new home, store or factory and have it ready by spring. WE ARE READY TO HELP YOU with plans for many structures. All we know about building is at your disposal. You can count on our help ling use of credit or an invention in |lar varying in weight from jamount of gold bullion for which a 'the number of paper certificates paid | purchasing power. | and so on. | All Worked Out. causes alleged was sufficiently gen- eral or important to fully explain the great and universal increase. The rise began in this country with the importatfn of large quantities of god from abroad in payment for war supplies, and has increased with the tremendous increase jn the use of credit. What Currency Inflation Means. Currency inflation does not neces- sarily mean irredeemable paper .mon- ey. It exists ‘wherever..the currency) supply exceeds. the businéss need of the country; for an excess of cur- rency, even gold currency, has ‘the saine effect as the excess’ of any other commodity, i. e., depreciated value. If currency loses yalue, it will natur- ally take more dollars to pay for a given amount of goods. When wrices rise rapidly, all people who are receiving steady incomes suf- fer; for the number of dollars they receive remains the same while the value decreases, Salaried people and recipients of insurance, annuities, in- terest on savings or investments are affected. Wages also lag behind in the general increase, thus causing dis- content and even strikes for higher pay, A period of high prices has, in the} past, been followed by a reaction} | when prices. fall, ‘Then business} |} (which depends on profit for its wel-| fare) suffers, and hard times follow: s our! fluctuating currency is responsible for our unstable life, and for all its attendant} crises, depressions, strikes, ‘and unemployment. To stabilize our currency would be, then, a fundament- al and far-reaching reform. Since the dollar is at the mercy of} anything which can affect the supply | of our curren such as the increas ch will flood.the world | evidently not a stadle} standard of value. What is it then? gold mining with gold, it i \Rev. John S. Kutledge, superintendent | prohibition in America all other civil- BISMARCK DAILY TRIBU. SDAY, DEC. 10, 1918 a i i ! BY STANLEY JOHNSON N. E. A. Staff Correspondent. CLEVELAND, 0. ‘The Anti-Saloon ‘League expects to “dry” the world. 4 It plans a drastic enforcement law to be demanded when the states rat- ity thehfederal’ amendment and na- ional prohibition becomes a settled thing. wn The league “plans to make probi- bition a success fn: America.” It_favers “any efficient substitute for the saloon.” The leagiie receives and expends Seen, in its work more than $1,00),- | It-gets its money from voluntary contributions of-individuals, churches and ‘temperance socicties. / Startetl-as:anviden in the mind of ‘one man in Oh{io in 1887 the league hag become a national political power. World Wide Program Waits on America. 1 discussed all these questions with i of the Cleveland district, who ‘is in close touch with national and world- wide activities of the league. Here) are some things Rutledge told me: “As goes America, so g0¢S the world,” was the cry in the recent An- ti-Saloon League convention in Colum- bus, Orio. “Delegates from 11 countries, in- cluding India, Bulgaria and Scotland told us if we could make a success of d and progressive nations might eliminate the saloon. “That is. the Ant program—to make a success of pro- hibition in the United States. By! aloon League’ it is a standard of weight, 25.8 grains of gold, It fluctuates in) value bec t To be constant in valine, the dolla must fluctuate in weight, weighted sufficiently to | n purchasing power whe. | are risng, and be lightened to its purchasing power when are falling. Why Not a Dollar Varying in Weight? This is perfectly practical; s not necessary th@t the actual dol- time should circulate. The cirev of gold is chiefly through its paper representativ and can be made en- i The chawge in the dollar: weight would then affect simply the] gold certificate could be redeemed, or for an ounce of gold at the mint. The amount of change in the dollar weight would be automatically deter-} mined, month by month, by the! changes in the index number. A 1] per cent excess in prices above the ideal par or standard would indicate at any given month the need for a 1 per cent increase in the dollar-weight to maintain the dollar at its former If the excess con- tinued in the next month another 1) per cent would be added to the dollar, | Technical Details | The amount of gold behind the gold certificate would be increased until} tho stopping of the price increase showed that the adjustment was suf- ficient, and the depreciation of gold taken care of in the increased dollar- welght, The reverse process would take place if the index number fell be- low par. ‘Thus every fluctuation would be the sign for an adjustment and the price level would be, practic- ally speaking, kept stable. The bul- lion “dollar” would be kept stable in purchasing power (regardless of what amount of gold it might represent at any time) would also be stable. The techinal details of the plan, it} THIS WILL BE July 1 next we confidently expect} more than 40.states will have ratified federal prohibition amendment. | ty-three states now are ‘dry’.} tional prohibition of the saloon| 1 soon be an accomplished fast. | “THE ANTI-SALOON LEAGUE, | WITH ITS STAFF OF LEGAL AD- VISERS IN EVERY rATE WILL PROMOTE OBSERVANCE OF THE ‘DRY’ LAW BY ALL. LEGITIMATE! MEANS, SUCH AS IT HAS FAVOR- ED AND EMPLOYED IN THE PAST) AN IMPORTANT] DEPARTMENT OF ITS WORK.’ Wayne B. Wheeler, national coun sel for the league, has declared that when the states ratify the federal pro hibition amendment the league will ask the Congress to enact a strict! federal prohibition law. “This statute as it is now proposed, will provide for a, federal enforce- ment commission under the collector of internal revenue, with special offi- cers in sufficient numbers to carry out the provisions of the law,” he said./ “The proposed Jaw would prevent) any person having liquor in his pos- session unless obtained under legal permit, Contraband liquors would, of course, be subject to seizure. “THE LAW DESIRED WOULD PRESCRIBE THE ALCOHOLIC CON- TENT OF A PERMISSABLE BEVER- AGE, IT WAS ‘SAID IN’ COLUM- BUS THAT ‘NEAR BEER’ WOULD) COME UNDER“THE BAN.” Rutledge told me further: “The AntiSaloon League is a lea: gue of representatives of churches and socities opposed to the saloon. It hag state and national units. It has no great membership roll., It has per- sons working under unified control 40 destroy the saloon by political al legislative methods. Its supporters are thousands, some of them drinking men at times. “Anti-Saloon League funds come from direct donations of ‘churches, Woman's Christian Temperance un- ions and like organizations and from interested persons who may oppose the saloon, for reasons of their own. Where the Money Is Expended providng against speculation in gold. and for keeping up the gold reserve} have been satisfactorily worked out} for the protestion of the government | from loss. { Just now, with the end of the war, | no one knows which prices will move. | \Uncertainty is therefore projected in-| to all our forecasts and plans The not only for speedy deliveries of the best materials but assistance in get- ting the right contractor on the job at once. NORTZ LUMBER CO. Phone 77 rek, N. Dak. cS Show: them to the é itor when he calls M virtually losing immense war loans and the invest-/ {ment in Liberty Bonds by so many} | people will aggravate t injustice of} price movements. C ainly we do} not wish to see Liberty bond holders | all their intgrest on loss in purchasing | sum they ccount of the ‘power of the Neither do we, rapid deflation g dep on in ad dition to all t er The situation cr, | fundamental reform of | dollar. 1- Famous Old Recipe for Cough Syrup ind cheaply made at home, at it beats them all for quick results. Thousands of housewives have found that they can save two-thirds of the money usually spent for cough prepara- for making cough syrup at Home. It ie | simple and cheap to make, but it reall j has no equal for prompt results. % takes right hold of a cough and gives immediate relief, usually stopping an ordinary cough in 24 hours or lesa. Get 215 ounces of Pinex from any druggist, pour it-into a pint bottle, and add plain granulated. sugar. syrup to make a full pint. If you prefer, use clarified molasses, honey, or corn syrup, instead of sugar.syrup.- Hither way, it tastes good, keeps perfectly, an lasts @ family a long ‘time. | It’s truly astonishing’ how quickly it acts, penetrating through every air pas- sage of the throat a1 loosens: and raises the ph’ , soothes and heals the membranes, pradually but surély the annoying throat tickle and dreaded cough disappear entirely. Nothing bet- ter for bronchitis,” spasmodic croup, whooping cough or bronchial asthma. Pinex is a special and highly concen: trated compound eae genuine Norway pi ‘world ky Seld for its esl ] ask ’ asking yar ist for “234 ounces of Pine: x” With irections and don’t accept any- thing ele, Guaranteed to ve. bao ee ae a os eae al A ern | will e: invested. | spent on the other hand, {Car é tions, by using this well-known old: recipe | “The National Anti-Saloon League an annual revenue in excess of 000 a year, derived from a per- centage levy of state leagues. The case of Ohio is illustrative. This year the gross revenue of the Ohio league ed $160,000. Of this, 10 per ent goes to the National League. This does not take into account the revenues of the Dry Federation, an or- ganization working along similar lines | d for like purposes. “The recent ‘wet and dry’ election | nC nd cost the league $9000 for! adver! ng alone, Some 0 was; on , billboards, -$30,000 in street} dvertising inthe state of Ohio, 0.090 for literat That's! re the money goes. i n national headquarters in West-| lle, O., there are about 159 em-| ves in the publishing plant of the} This property is worth about | jand | whe | The Anti-Saloon Teague was born jin 1887 in Oberlin O., in the mind of Dr. Howard H. Russell, then a youn Congregational student-preacher,~pay- ing his way through college by | preaching in vacant country putpits.| !Dr, Russell was joined by Irving L | Metcalf of Elyria, now deceased, and | A. J. Root of ‘Merina, O. The first | Anti-Saloon ue meetings, were {held in. little wayside country churches and schools. Rev. Perley A, Baker saw the op- portunity for fighting the saloon and entered and helped energize the lea- gue, Baker is now general superin- tendent, with offices in national head- quarters in Westerville Ohio. eS Seer ensayo rere & ¢ FACTS ABOUT THE ANTISALOON _ | LEAGUE ¢. $$$ The league maintains,a head- quarters in Washington, /to-watch and initiate anti-saloon, legiala- tion, and 6n’ the staff is a clevver exportenced and ‘able lawyer, with plenty*ot assistinces 12.0 25 ‘The league has. similar ~activi- ties in é¥very state capital. _ The. league's ° financial Pro tstacy is not to be measured: wholly by its’ Yearly revente of ‘approxi- mateétly. $1,000,000. Many times its wotk is backed by swealthy men who havecome to its assistance ANTI-SALOON LEAGUE TOSTART WORLD-WIDE WAR FOR PROHIBITION Organization’s Work to. Be Continued in This Country With Idea of Making National Absolutely Bone-Dry o ANTI-SALOON LEAGUE LIQ- | | 2 VOR STATISSTICS. MCapital invested in liquor business in .the United States. $71,516,000 Labor employed, 81 for every $1,000 about 625,000, Amount yearly spent. for raw materials, is $139,199,000. Value of yearly product, $592,550,000. Internal revenue receipts on spirits (1916), $158,682,439,53; fermented liquors, $88,771,103.99. person: invested emergency will be ended with thé adoption of national prohi- dition. The league is ambitious to wage a world-wide war on. alff alcoholic ‘beverages. The league is seizing the op- portunities of the readjustihent and reconstruction period, to make permanent all war-time re- strictions of the Hquor business. The league has in the past favored “search and seizure” laws and laws to prohibit trans- 25 CENTS EACH CLUETT. PEABODY & Co. dre. Kakers { > |} when it reac AUTOMOBILES, ACCESSORIES AND SUPPLIES tion a drastic: enforcement law, to be demanded of Congress in the event of ratification by the state of the federal prohibition amendment. The league is exerting itself to secure ratification of the federal prohibition amendment by the states. Catarrh?~ hift Treatment? ch only the surface. rh, you must drive ¢ of your blood. portation of liquor, Under these laws, in certain sections, homes have been invaded. trains, boats and street cars searched, "travelers halted and compelled to sndvmit their luggage to inspection and soft drinks tested for their alco- holic content.” The league has All Choked Up With Why Continue Makes ss ill never { dies. which tou Serer’ ae en. % To be rid of Catar! the disease germs ou Catarrh is annoying enough when Splendid results have.been report- it chokes up your, nostrils and air 3 ed from the use o 9 which ssages. causing painful and diffi-| completely, routs from your, D0! par breathing aed other discom-|the Catarrh germs, for which it is jorts. But the real danger comes a perfect antidote. s hes down into your ie S. S. is sold by all druggists. you wish medical advice as to the treatment of your own individual case, write to-day to, Chief Medical Adviser, Swift Specific Co. Dept B, Atlanta, Ga. in prepara- \ lun: 7 is why you should at once realize the importance, of the proper treatment, and lose no time ¢x- perimenting with worthless reme- WATCH HOME EXPENSES Keep close tab on the amount you spend for the home. The best way—and the most efficient way is to keep track by check stubs. You will find it is a real help in reducing the expenditures. Start a checking account for the home. BANK SMARCK - - - N.DAK a BI >| | | i i , PHOTO DEVELOPIN Western Sales Co. Distributors of AUTOMOBILES = GREEN DRAGON SPARK PLUGS Automobile Acces-. sories of All Kinds FILTERED GASOLINE Free Air and Water BATTERY SERVICE STATION A. W. LUCAS CO. UNDERTAKING PARLORS - Day and Night Phone, 100 W. W. Bashan. ELECTRICAL > —THE— ELECTRIC SHOP. 3. X. SKEELS Rverything Electrical Deico Farm Light Plants ' Willard Service Battery , Station DENTISTRY. Also” specializing BT. BURKE in Campaigns. . ‘ ‘The leagie’s suture activities io America -will center in efforts to prohibition . lew. at oh Grob ao te lore yobs fe, “em iow - work." Te Tooa se consider the Tribune Block ~ Phone 752. MAXWELL AND OLDSMOBILB PORTAGE TIRES. - _ UNDERTAKERS AND EMBALMERS Licensed Embafimer in Charge Wiring Fixtures and Supplies ; Phone 870 @8 Broadway 7 ——— ———— DR.A.SCHUTT | in Extraction. Rooms 4 and 5, Haggart Block, Corner Third and: Broadway Sts. ‘Telephone 250 -| Bismarck, N..D. |, en race ———————eO Bismarck, N. D. (Parent Firion Fon AMareun Pravocaartens MISSOURI VALLEY || Tegal alll MOTOR CO. BISMARCK -NontH Oawota: Factory Distributors of -CHEVROLET AUTOMOBILES ‘Bring or mail in your films for A Expert Developing Smith Form-a-Trucks - re Smith Tractors ““FINNEY’S BRUG STORE _~Biamarek,-N. D. : Tires EANING and DYING “CL Everything for the Automobile _. BARBIE'S “ DRY ‘CLEANING AND DYE WORKS Phone 394409 Front St. | BISMARCK MOTOR |||. COMPANY Distributors of © ae ape an CADILLAC Automobiles We call for and deliver. Mail orders promptly filled. DAIRY—MILK—CREAM | PURE _PASTEUR- IZED MILK . Our' Milk Station Open Daily 8 A. M. to 6 P. M.,, Saturday night to 9 O’clock. Sundays From 9 to 1 P M. Only. BISMARCK DAIRY CO. 210 Broadway Phone 348 WEBB. BROS. Undertakers — Embalmers Funeral Directors Licensed Enabalmer in Charge Day Phone 50 Night Phone 65 | ae EEEEEEEEemeed ——————————— SMOKER’S FACTORY PRICE - Per Per Per 1000 100 60 4.00 4.00 2.00 2.00 2.00 PLEMENTS Billy’s Big 10c | Sellers Commercia wittle Billy’s .... North Dak. Star, , Our Hero H me Industry .. 36.00 1.80 N. P. Special ... 31.00 1.55 wE SHIP CIGARS BY PARCEL POST (Address) WILLIAM. F.. ERLENMEYER, Cigar Factory. Bismarck, N. D. Phone 243, 80.00 80.00 40.00 49.00 40.00 ° FINE BUGGIES, _ If you are thinking of buying & new carriage or wagon it will pay you to get our prices. ~ FRENCH & WELCH Hardware — Tools — Implements Harness — Carriages — Wagons + 23 3rd St, SHOE FITTERS Aneaeuentanegaannggnnutsaanndnnunsnsanegcaiaaevaed Battery Repairing Exide Service Station. RADIATOR REPAIRING In All Its Branches. BLACKSTONE TIRES We give a personal guarantee of 4,000 mfles and make our own adjustments. MOBILOILS AND GREASES At a Big Saving in ‘Freight. On all-of these lines we quote regular . ~ factory wholesale to dealers. CORWIN MOTOR CO. ‘Bismarck, N. D. euauinannnsnanineuanddnndannacgndiivnnianstsioan \ SUITS ~ $25 & ‘Expert Dry Cleaning LEIN TAILOR AND CLEANER ul