The Bismarck Tribune Newspaper, September 23, 1930, Page 8

z §| al a ‘| < A : leila wt Hjlid an tae Ftd fale la i Ns Gln r, mh i ae aH ata ie ue Ht teil sy ils Link #259 te tulle iH Held i; HEL afl bie ul feuiy iid a : ba P| Ba i TE Another Anxious Watch on the Rhine! possible basis, should have a monop- ity plant. The plant was put into broadcast, Mr. Pack makes’ the following ‘statement: “In the forests Hes our economic salvation. With the Old Days Not So Good People who long for the “good old days” would not be : A Foe of Complacency No American who likes to trust that all is for the best - | in this beat of all possible republics should ever read the passing of our forests, whose products keep the wheels 80 enthusiastic about them in actual practice if modern problems had to be solved with ancient equipment. as a sideline, It has had a great deal of work ‘That sort of thing never has happened in North Dako- ta and it is doubtful if it would be permitted to happen here, but it was interesting to note that the Georgia state ‘The compeny has gone to court about the matter, and the upshot of the case is still in doubt. In Crisp county, Georgia, the people voted money to eo | build their own electrici The need for. such supervision is demonstrated quite An instance is the regulation and control of public utilities. The people of North Dakota have been well and faithfully served by the state railroad and ware- ee 250) clearly in a case which recently occurred in Georgia In his latest ‘discouraging house commission which has the job of regulating such things as electric, gas, motor truck and passenger bus companies to do and has done it well, thereby proving the value of public supervision over a utility which, if it is to oper- and which is being watched with keen interest by public utility commissioners in other states. company thereupon cut its rates in Crisp county 35 per cause why it should not cut its rates in all the other commission promptly summoned the company to show counties of the state. operation and sold electricity at rates well below those charged by the Georgia Power and Light Company. This oly of its field. cent. 6.00 | ate on the soundest 92.26 120 6.00 1.00 150 2.00 toward , conditions’ will| ican Tree Association, For Mr. Pack has a way of being there remains one question, not or- | disconcertingly blunt and outspoken. their present levels, Dostoffice 4 Bismarcs President and Publisher tuses of the forecasters: 1873) calamitous. In the near future, accord- | writings of Charles Lathrop Pack, president of the Amer- the Bismarck Tribune Company mai} matter. trusted economic experts, i 8838 agit BBE,S iE i An independent Newspaper THE STATE'S OLDES] NEWSPAPER and entered at the by (Official City State and County Newspaper) CHICAGO ‘Will commodity prices stabilize at or will they continue to slip on down the scale the pre-war level? ui | BBE EE - Foreign Representatives is SPENCER & LEVING! SMALL, : ; Formerly G. Logan Payne Co. NEW YORE BOSTON If Prices Go on Down ‘The past few months have seen an unpleasant busi- ‘THE BISMARCK TRIBUN i Bis- ness depression settling on the United Stat ing to our most pick up. However, dinarily covered in the prospect though far from QUESTIONS AND ANSWERS petal i a ith aia Poe Hf Ee a3 < i: He ih Eig x4 ase jul dj Flea Bea Es : aH it a ave aiiceit ii i quel nT ae bali i ee g mall rat ili hed HEE a1 pe 2 Hay ii iH iy ary ia i. “Wer 1s s young man’s game.” — Gen. Douglas MacArthur, xe e “I believe that business, speaking, is scraping alt z 7 : ide F | ae to 140 and4o 133 2 2 § telegraphed gF “gold, curre! rine hitting 160, when the United States government $4,000,000 worth of the metal. In- ; t : : 3 it is be »” he told an interviewer remedy for unemployment ment. We want jobs, not charity.” Work, Not Charity President William Green of the American Federation of Labor seems to have hit the nail squarely on the head when he remarked that his organization would prefer steady jobs to unemployment insurance. “Tt is only a step from compulsory unemployment in- This is not reassuring, but it is worth listening If Mr. Pack’s reiteration of unpleasant temporary slump, with | awakens us to the seriousness of our forest Mr. Green believes that; this goal can of industry turning, would come the passing of our en- tire economic scheme. There is no article of commerce into which cost of forest products does not enter. “We have heard a great deal about a trade expansion Program. Any such program means an increased call ipon our forest resources, Let us take stock. been | cutting our forests about four and one-half times than we are resewing them.” through the establishment of shorter surance to the y But | will have done the country a great service. ‘Wall , or continue on down have trouble. depends a great deal; Mr. Cresswill points out that there is grave danger that than we generally realize. It may be ‘The Magazine of Street, John C, Cresswill points out that prices have interest in an abstract discussion but the discussion is import- er to that question To begin with, the psychological effect would be bad. For years we have breathed an atmosphere of rising Secondly, just as the creditor class is hit by a time of rising prices, the debtor class suffers when prices go down. Industrial firms floating bond issues would be If this proves to be merely a @ rebound following soon after, no harm is done. if prices stabilize where they are, Writing in the current issue of On the answ more, probably, pessimists just as surely as the post-war spurt made US &| “The pest, the real ‘they are about halfway between the high level of 1928 nation of optimists, and the low of 1913. the latter is what will happen, and the thought does not excite his optimism. prices. To go into reverse would make us a nation of declining steadily for about eight months. Right now to the 1913 level or thereabouts, we shall ant just the same. hard to work up much of commodity price trends, ny 5 ERNEST LY & ought | Happy-go-lucky, thinking not of to- zh NEA SERVICE /ne3 0 ‘There is sound sense in that. Unemployment insur ance is only @ palliative, Mr. Green is right in preferring shorter working weeks and through a systematic balanc- ing. of production with demand, which would eliminate what is called cyclical unemployment. & remedy that goes to the roots of the matter. ‘The luckless farmer, needing an annual mortgage to move his crops, would sweat even more thatt to the United States will be repudiated if commodity prices generally slip below a level at least 25 per cent above the 1913 level. No one needs to ponder that out= look long to find plenty of clouds on the horizon. hard hit. ae To be sure, none of these dire things has happened i cooking.” you can’t make her see\it Gee, I've been hard up myself.” Mona laughed. “I still am, for that matter. I mean, I way, “Uniess what?” Ann ups know what it is to have rent day “Oh, I don’t know, all the “But morrow’s possibilities, Mona would | that not set the world on fire—but what day's disappointments, but of to- “I know all about that, too,” Eva in, not raising her eyes. “He Yh [Of Ht? One didn’t quit just because ta had said something to be done about a contract! ag By bore the exciting news to on olieoprieprabid-y l Mona aes RTE aE ry since ise Hi (fal i it ia il lie aan atte F eee sital Bei La gall 8 ee oe aigdae tl - ieee a a 4 s Lat a te ea ane ae ie bi inal dati wie bi ally at Heng etl typ fi SHE i is rt pings ve apart cee ati ie a Mea wt 3 afi hl 1d ui i ata . a baa 3s i ave at Le i i i a” Pi ' age: acgets ei ql pel saadpy iis i $3 if 7 faa a int will place a premium on cool business judgment, efficiency and brains. The day of the opportunist and the bluffer I a id hing Our Growth ‘The present. slump. may be followed Finis| Whenever the American eagle, feeling boastful, sits up to scream, one of his favorite brags is the camae rapidity with which the population of the nation has rebound. Prices may start rising again. “The con' of international credit, Mr Cresswill asserts, are But the situation, at all events, is serious enough to call for real study. The next few years, now planning to expand credit and thereby upward. yet. } | Bg3 Fa ter it nomina- 7 Hate ‘ither Purged Or Abolished dio Gauetn tans Ben a ve Sgn ag ge ne 3 As F jie : ial a 5 is Primary Should Be E il a i! Ha Ht a i Hey nat fi a Ht iL of birth industrialist in Percentage of aged, the conpab gadbapys g ldormaram effete sports, such as golf, competition . J. J. Spengier looks into the situation to see what this stabilizing of population will mean to us. industry. An increasingly high @ increase in rents will end. Farmers, in ‘be hard hit, and their market for food products ‘cones to expand. an In an interesting article in a recent issue of the New ‘The position of the worker, for example, will be ter. The unskilled worker will be the first to this cessation of growth. Older workers will not be off with the carefree abandon now exercised by employ- ers. af carn tendon now ecole hy ene | Gpgeeleaadetcce tacammmleas ‘Nor is this all. Mr. Spengler points out that rural and ‘urban rents, in the past, have risen because of the steady ain in population. ‘When the gain in population enda g hrabagepbeaalahaeatesy rpg AE will not be available to us much longer. The rate growth is slowing down, due to the decline in the with “a smug, conservative form of leadershi ‘On the other hand, a larger proportion of th tion than at present will be composed of old men. control of industry will lie in the hands of to become fixed. It will be more man to rise rapidly from nothing to Furthermore, ‘will be keener. No longer Because of the larger business, predicts case, He makes numerous thought-provoking prophecies, some of which are encouraging and some of which are very | tiong much otherwise. populdtion has always been one of our proudest boasts. rate and immigration restrictions, Within a 9f production and thus counteract waste in. Republic, Population provide an evergrowing ‘see to it that only the efficient