The Bismarck Tribune Newspaper, May 20, 1922, Page 2

"PAGE TWO NOW IS GOOD TIME T0 BUY ADVICE GIVEN President of Associated Adver- tising Clubs Speaks Upon Cycle of Business NO GAIN TO WAIT Charles Henry Mackintosh Com- ments on Those Who Would Put Off Buying The fallacy. of the ‘talk that one should not buy now because prices “will hit the bottom in two or three months” was exposed by. Charles Henry Mac! osh, president of the Associated Advertising Clubs of the World, in his talk here and in Man- dan yesterday following a luncheon of the Town Criers club. Several Bismarck Town Criers accompanied (My. Mackintosh to Mandan. 5 The country has passed the period of great price fluctuations, Mr. Mack- intosh said. There will be changes in price, up and down, but the person who buys anything mow expecting to gain by a rapid increase in price or who refuses to buy now because he expects the market to go lower in the next few months is foolish, he showed. The person who buys now will get just ag full value as at any other time, he emphasized. The person who waits until: prices hit the bottom will have to wait 25 years, he said. He pre- dicts a declining market for a quar- ter of a century, but a very gradual decline and not a steady one, Mr. ‘Mackintosh said: “Colonel Ayres, the government sta- tistician who founded the Statistical Department for the American Expedi- tionary Force over in France and then came back to Washington and investigated price figures running more than a century, has prepared a very interesting chart which shows us that the extreme peak of high irices over which we have just passed is nothing new in the his‘ory of our country. We have heard peo- ple talking as if this last burden of ‘high prices were something absolutely unparalleled in the history of this country while it has happened pre- cisely three times the same way. Three times, prices have gone up 250 per cent above the starting point. The first time, after a slow and ‘steady climb of thirty years, that peak was reached in 1812. The war of 1812 accelerated the climb of high prices so much, that they toppled over and started down. Then for twenty- five or thirty years that downward . path continued until the bottom of the valley was reached. Once more prices started to climb until after a quarter of a century the war of 1861-1864 ac- celerated the prices and toppled them over. Again they started downward and kept going down for a period of twenty-five years, when once more they started up for twenty-five or thirty years until the great war ac- celerated them enormously and again they toppled over and started down. History Repeats Itself “Commercial history ‘repeats itself. We have started down a path which will keep on going for twenty-five years and those who say that we may expect a return to wartime prices or expect the bottom of the valley to be reached within a few months are mis- guided, optimists and speak: certainly without intelligent knowledge of the facts of history as revealed to us by investigation of the commercial his- tory of this country. Don’t think fgr one minute that the suggestion that we may have a descending price mar- ket for the next quarter of a century and that it may be at least fifty years before prices return to 250 per cent above the valley level, means that we are going to have hard times for at least twenty-five years. 2 Nothing in Common. “Prosperity and high prices’ have nothing in common. If high prices meant prosperity, which would be the most prosperious country in the world today? It would cost you (but T hope it won’t cost any of you) 1,500,000 Tubles to buy a suit in Russia. It would cost you 2,000 rubles to send a first class letter. Jf high prices meant prosperity, obviously a country hav- ing prices which have reached such high levels would be the most pros- perous in the world. In reality, of course, high prices have nothing to do with prosperity. The only rela- tion is this: How much in commodi- ties can a man get for what he earns by his labor? How much will his ef- fort buy him Seven hundred years ago, the workmen building Westmin- ster Abbey and the Tower of London were paid a penny and three-farthings a day for their work. If that would buy them the same quantity of com- modities as the salary of a workman today, then those workmen of 700 years ago were just as prosperous as our workmen today because it is what we can get with what we earn that decides whether we are prosperous. As prices fall the purchasing power of the dollar comes up, so from the standpoint of the general public, this constant fluctuation in prices means | practicaly. nothing. “While prices value. of the dollar 4s falling and when prices are coming down the pur- chasing power of the dollar is going up. “From the standpoint of merchan- dising this means a big problem. We will have to do business for the next twenty-five years on a falling market. instead of doing business on a rising market as we have for the past quar- ter of a century. Very few of our present business people have had per- sonal experience in doing business as we will be required to do it for the next quarter of a century. There is all the difference in the world be- tween buying and selling on a rising market and a falling one. ‘A Compoundof Modern Rescarch Aterds Gompiate Protection 1 Drugeistsor P.O, Rov, 198, New York, CATARRH are going up, the | i } | i i i | | THE “OLD BRICK CAPITOL” A’ MONT. |By NEA Service. Washington, May 20,—'The future campaigns of the National Woman’s party will be conducted from the same building where once the Congress of the United States itsel The “Old <Brick Capitol,” on First street, 'Ni., facing the capitol grounds, wag occupied tby the government as the temporary capiio] from’ {$14 to 1819, while the capitol building itself, destroyed tby the British, was being rebuilt. ‘Purchased by Mrs. O. IT. .P. Bermonz as a ‘home for the Woman’s Party and the old pbuilding will be dedicated May 21 to the cause of advancing the pow- er of women in national politica] life. From it, the party's leaders say, will be directed a campaign “which will tom, every prejudice and tradition which bars the road of free opportu- nity to women, has been removed.” “Step Lively.” That’s the name of the Elks min- strel frolic of 1922, which will be shown at the Auditorium-on June 2 and 3, The name indicates something. The minstrel show is a fast-stepping, rip- roaring melange of minsterlsy from start to finish, and the members of the talent committee and few. stars of last year’s big production already ‘are tuning up their wind-pipes to get in step for the lively show. Clint Draper, who is directing the show, sang and hummed-a few of the tuneg which mill embellish the show, just before the Elks meeting last night. He has a bunch of, new songs, some well known tunes—both plain- tive, crooning southern melodies and razzing jazzy deck-hand songs. The talent committee has already presented Mr.. Draper with some pros- pective new stars of the show, .and with practically all of the old talent to draw from, a weeding out: process is to be started early next week. The first scene of the big show will be the preliminary of a minstrel re- hearsal, with Drapet as the wild-eyed director and a score of would-be min- strel stars seeking part jg’ the show. The scene is a fun-maker from start to finish, giving plenty of opportuni- ty for rich dialogue, songs and dan- ces. The’ scene was first produced at an actors’ frolic at_ the Lambs‘ club, New York, where George M. Cohan, | Willie Collier and a few others were a part of the bunch secking~ jobs as performers in the minstrel show. A dozen trunks filed with new cos- tumes and burnt cork and a score of pieces of scenery have been brought to Bicmarck by Mr. Draper for the show. Mr. Draper’s last show was in continue until every law, e¥ery cus- | WOMAN'S PARTY TO DEDICATE NEW |. HEADQUARTERS e T WASHINGTON, NOW THE HOME | OF THE NATIONAL WOMAN’S PARTY. INSET: MRS. 0. H. P, BEL- ‘ Following the dedication, work of remodelling the headquarters will be: gin. The expense of.this work also will be borne by Mrs. Belmont. In final form, the. headquarters will include a great feminist library, legis- lative reference rooms, meeting halls and offic They wil] serve not only as the working headquarters of the Woman’s Party, but as a meeting place for the women from all parts of this country and from foreign countries, In’ addition to its. history, as porary capitol, the old building historic interest’’ for’ women’ int fact that, duying: the Civil war, it wa3 used ag a pH80n for Confederates too flistinguish ‘for the common jails. The most beautiful spy of the south, Belle Boyd, a girl still in her teens, was a prisoner there for many months. But from being:a, prison for women, the house is now to, become the cen- ter of work for greater feminine free- dom, Sa ue : “STRP LIVELY” IS NAME CHOSEN FOR BIG ELKS MINSTREL SHOW, JUNE 2-8 St. Paul where the Elks’ minstrel show attracted so much attention that he will direct it next year and also {direct one for the St. Paul Shriners and Minneapolis Elks. It was announced to the Elks at the | meeting last night by H. T. Murphy, exalted ruler and chairman of the |JUSED DODGE BROTHERS | CARS Touring No. 161688. Com- pletely overhauled, new top, 383x4 in. excellent tires, new battery.......5$475.00; Touring’ No. 248666. Com- pletely overhauled. Brand new tires, new battery... .$550.00 M.B. Gitman Co. Biswuaacn —— Prone 80" * Well Driller. Dealer in Wind Mills, Gasoline Engines, Cotton Wocd Lumber, Hard Wood Lumber, All kinds of Stove and Fire wood. Call or Write. 421 12th St. Bismarck. Francis J aszkowiak general banking business, Safety and Service’ 20 RL Ee eta THE TWO STRONG PILLARS ON WHICH WE ARE BUILDING OUR BUSINESS First National Bank, Bismarck, N. D. GET A SAFETY DEPOSIT BOX NOW Safety First Bs a e With our new McClintock Burglar Alarm System which we recently installed, our bank is a safe place to keep your Liberty Bonds and other valuables as well as to do your THE BISMARCK. TRIBUNE " SATURDAY, MAY 20, 1922 | executive committee for the show, that the Elks lodge, having provided a swimming pool for’ Bismarck is not |going to desert it. There are several |inxprovements which. the’ Elks‘ would like to mak in order to make _ the. {swimming pool more attractive and |these will be made; it is expected, |from part of the proceeds of the min- istrel show. iFACTORY WOMEN | .TO BE STUDENTS - AT BRYN MAWR | Philadelphia, May 20.—Women who | work with their hands {or their living wil] again be students at Bryn Mawr college this summer at the second ; term “for women in fndustry.” ‘The classrooms, filled during the regular term with daughters of wealthy Amer- ican families will be used during the {summer by women who work in tac- tories, laundry workers, glove makers, telephone operators and representa- tives of a score of industries. Admission to the summer school, in- stituted last year, is limited to women and girls who “work with the tools of their trade.” The school last year had an enrollment of 80 and for the term this summer, from June 15 to August 10, applications of 100 candidates were accepted, An international aspect will attach to the schoo} this year in that 11 coun- tries are represented, Aprlicants were selected by districts and these were passed upon by a cen- tral admission committee. ‘The dis- trict committees after examining hun- dreds of applicants, submitted the names of 143 .candidates. The cen- fem-| tral committee accepted 87 of these. in and additional classication knowr as the “leaders group;” 13 were select- ed bythe central committee. i ‘Dot Again—Fox NEW TRAILS "AREPROPOSED Important. Steps to be Taken at Williston Williston, N, D., May 20.—Two im- portant meetings looking toward high- way development will be held here May 22, The purpose of one meeting is: to |' designate an intprnational highway nlanned to run from Regina, Sask., through the western part of North and south Dakota to Denver, Col., connecting county seats in counties traversed. The tentative route would ‘pass thnough Noonan, Crosby, Alamo, Williston, Alexander, Arnegard, Wat- ford- City, Grassy Butte, Killdeer, Manning, Dickinson, New England, Amidon and ‘Bowman, and thence to Buffalo, S. D. The purpose of the wther meeting is to promote a highway to connect the Roosevelt trail at ‘Williston with the Yellowstone trail at Glendive, Mont. There are marked trails on this con- necting route, but the object is to make it one through highway with upi- form markings, and to make it a fed- eral and state aid project. y LIGHTNING CAUSES TROUBLE. Wilton, N. D., May 20.—A bolt of Jightning Friday afternoon during an electric storm put the generator out of commission which supplies the cur- rent for the city, at the plant of the Washburn Lignite Coal company. -The lightning burned out the coils in the generator jn spite of the lightning Larresters which are supposed’ to pro- tect the maqhine, Wilton, residents on being informed that the lighting New Victor Rec - Out tomorrow - Swanee River Moon—Medley Waltz ~ Introducing “Indiana Lullaby” system was out of commissioy hastily secured candles or dug out their old kerosene for the emergency. The ma- chinery was soon repaired. TO SPEAK IN WILTON, Wilton, N. D., May!2! Codding has received word from Gov- ernor R. A.''Nestos, in response to an invitation to deliver the addresg to the senior class of the ‘Wilton high schoo} at the commencement, exercises Fri day, May 26. The governor has signi- fled his willingness to come to Wilton .44 SEEK CITIZENSHIP. Wilton} N. D., May 20.—There are forty-four names on the list of those petitionmg for naturalization whicn will come up for final hearing at 10 o’clock a. m. on Thursday, June 1, at Washburn. The’names of tie follow- D. B. C. “GETS YOU AHEAD IN LIFE” Just one commercial college in the world—Dakota Business Col- lege, kargo, N. D.—bepins its school year in June. Students en- rolling then have a ‘‘head star’’ of 3 months over Fall pupils. They advance quicker, get to work when businessislivest Come direct from school while your mind is on study; enjoy a welcome change from strict schoolroom’’ methods. ' D. B. C. graduates win. 230 are bank officers. H. L~ Hanson is newly made cashier of the Guaranty. State Bank, Emerado. ‘‘Follow the SucceBSful.’” Write Fk. L. Watkins, Pres., 806 Front St., Fargo, N. D. 1 ‘+ *\ International Novelty Orchestra Mammy Lou ‘ »Piek Me Up and Lay Me Down in “Dear Old Dixieland ‘ California—Fox Trot Who Believed in You?—Fox Trot Trot (from “The French Doll”) Paul Whiteman and His Orchestra '~ Peerless Quartet Peerless Quartet Club Royal Orchestra All Star Trio and Their Orchestra : Some Sunny Day—Fox Trot Paul Whiteman and His Orchestra Rosy Posy—Fox Trot (from “The Blushing Bride”) Club Royal Orchestra The above. special list of up-to-the-minute selections k supplements the list of new Victor Records issued regularly every . month. In addition, the Victor Record Catalog presents at all times a great variety of entertainment to meet every musical requirement. The following records:which are now available will prove welcome : additions to any collection of Victor Records: OPERA NUMBERS ‘. Bohéme—Rudolph’s Narrative g numbers—88002, 74381, 74624 es - Tosca—Love.and Music .. Catalog numbérs—88075, 88192, 88487, 74400, 45017 STANDARD SONGS : Annie Laurie Catalog numbers—88052, 88551, 1 . The Rosary Catalog numbers—64502, 87517, 17803, 17055, 16046 SACRED MUSIC Abide With Me Catalog numbers—87076, 87527, 17782 | One Sweetly Solemn Thought talog numbers—88549, 87534, 74417, 17564, 35141 © BAND AND ORCHESTRA SELECTIONS t numbers—17815, 18012, 35120, 35121 Rienzi Overture » (Catalog numbers—74602, Any dealer in Victor products will gladly play any music you wish to hear. Victrolas in great variety $25 to $1500. 74603 Victor Talking Machine Company Camden, New Jersey ' ord Hits 6388, 64138, 16675, 17416, 17756, 18177 , 88108, 64257, 17234, 17446, 45187, 18208, sc aan 9 Tl ing Wilton. residents’ appear on the list: John W. Kryweiski, Stanley Moesa, John Szugin, Filip Szkoropat, Dmytro Sawicki, Wasyl WHorodenski, Nick Sologuk, John Moras, Nick Ma- kowski, Mike Makowski, Nick Ukronk -}and Matt Adamyk, ~ RISMARCK,N.OAK. OlAMONDS "JEWELRY June Time Is Gift Time The High School and College Graduates hold our attention. Choosing a Gift need ‘not be a problem and a burden. Of course it is likely to be a matter of serious thought, because the gift you finally select must re- flect- your affection and good taste, and in addition it must please the young person who’ re- ecives it, ~~ Gift purchasers will readily appreciate the effort we have put forth to procure up to the minute gifts at a reasonable price, ‘ F, A. KNOWLES “ Jeweler. , ‘ -Bismarck, North Dakota, 18882 10-inch 75c 18884 10sinch_ 75¢ 18890 10-inch 75¢ . 18891 10-inch - 75c ~