The Bismarck Tribune Newspaper, February 17, 1936, Page 3

COUGHLIN PROMISED KICKING BY ENRAGED N.Y.REPRESENTATIVE) O'Connor Objects to Being Called Servant of Money Changers by Priest der about the effect on the compaign. Rep. O’Connor (Dem., N. Y.), chair- on the Frazier-Lemke threat to the priest “to kick you all the way from the capitol to the White House with clerical (Dem., Mo.), for a congressional in- vestigation of the Townsend organi- zation and its promoters. While preparations for that hear- ing were Amlie can Commonwealth federation, clared in a statement: “If congress wants to investigate something why don’t they investigate the Tom Pendergast machine in Kan- sas City, Missouri, one of whose men introduced the resolution to investi- gate the Townsend movement; why doesn’t congress investigate Tammany in New York or the Kelly-Nash ma- chine in Chicago, or better still, Jim Farley, or the American Liberty League?” he invited the Townsend organization to join the federation. McGroarty Enters Ring Coincidentally, Rep. McGroarty (Dem., Calif.),, declared that in line with plans to send a Townsend dele- gation from his state to the Demo- cratic convention at Philadelphia, he would permit his name to be used as & presidential candidate. On another political front, action aplenty was foreseen for the Ohio tial primary in the struggle + president between Col. Frank Knox and Senator Borah of Idaho, The Borah backers have announced that he will take to the hustings in ‘Youngstown, Cleveland, Cincinnati, Columbus and Akron. Colonel Knox has spoken widely in Ohio already. Papers for his entry into the May 12 primary there were received Saturday by his Chicago headquarters. Does Not Expect Landon Ohio State Chairman Ed D. Schorr has indicated he does not expect Gov. Alf M. Landon of Kansas to enter the however, would take an interest in behalf of an uninstructed slate if it ‘was put in the field. The constitution-supreme court question was kept alive by Donald R. Richberg, former NRA chief. In an address in Boston Sunday night he etruck out at “those who would have to the position of priests of an estab- Ushed religion.” Border Probe Plans Depend Upon Japan Moscow, Feb. 11.—(P)—Fate of a commission to probe far eastern bor- der incidents appeared Monday to de- pend on Japan’s answer to a Russian suggestion that neutrals be included in the commission. In Tokyo, it was reported Japan- office. agreed in # conference to re; e proposal that neutrals be includ- commission. maintained by Soviet of- that @ restriction of the com- mission’s membership to Japanese, ukuoan and Russian delega- lons would give the Japanese side a two to one vote, The Russians were expected to view such @ line-up as inacceptable. i Garrison Newspaper Plant Hit by Flames Garrison, N. D., Feb. 17.—(#)—Fire of several thousand dol- Help Kidneys GCystex wick car's? dérecon, J.S. FEVOLD Investment, Real Estate, Insur- ance, Bonds, Auto and Truck Sales and Rentals, City and Farm Property Over Cowan’s Drug Store Bismarck, N. D. IT SEEMS THE ARMY WAS A BIT TOO EFF ICIENT Army engineers, who wanted practice in blowing up bridges, as is done In wartime, planted 300 pounds of dynamite under the west end of a bridge (top) at Maynardeville, Tenn., intending to destroy only one Span. The explosion (center) went off as scheduled, but the entire bridge (below) crumbled, to the dismay of the engineers and observing officers (Associated Press Photos) ‘Inflation,’ Re-Echoes A Can Bring More Ruin Than Any Other Force Save War, Editor Explains Few words so important to the man-in-the street as “inflation” are as little understood by him. In a series of two readable, understandable stories, Claude A. Jagger, financial editor of The Associated Press, helps to ac- quaint you with what inflation By CLAUDE A. JAGGER (Financial Editor) New York, Feb. 17.—(7)—A mysti- cal word echoes through panelled and tapestried offices high in Wall street's skyscrapers, rumbles in the halls of congress, is heard in the dig- nified offices of the federal treas- ury, and swirls about the trading Posts of the stock exchange. This word is “inflation.” Probably few who hear it and few who use it understand just what it means. Yet few. words, if indeed any other word, 80 quickly stirs emotions of political, financial and business leaders these days. It starts arguments, destroys friendships, stirs not only anger but fear, and causes timid capitalists to shift their millions into fresh havens. Though inflation may be little understood, it is well known that in its severest forms it can bring ruin unequalled by any force perhaps save war. The most terrible experience with it in recent times was in post- war Germany, where the currency be- came valueless, a market-basket full of money would scarcely purchase a loaf of bread, the great middle class was impoverished, and hunger and intense suffering swept over the land. Inflation is not new. Rome saw it. In the 1780's the infant American re- public suffered from it. In Boston, Samuel Adams found that a new hat and a suit of clothes cost him $2,000. Money’s Value Declines Very broadly, the economists say, inflation means a decline in the value of money, and a consequent rise in the price level. It occurred in Rome when Nero reduced the metallic con- tent of the coinage. That was easy to understand. With less precious metal in each coin, the seller of a new tunic naturally demanded more coins. But today, when we use chief- ly paper money. and more important still, transact about 90 per cent of our business by use of bank checks, in- flation is more illusory. One of the most commonly accept- ed theories of inflation is that it oc- curs when the effective volume of money and credit increases faster than the physical volume of goods. Mass Emotion Thus, if the number of dollars avail- able to purchase a quantity of goods doubles, but the quantity of goods re- mains unchanged, the price of the quantity of goods doubles. This, of course, is an extremely simplified ver- sion. It might seem from this that effective control of money and credit could be accomplished, and prices kept stable. Indeed, that is one of the objectives of recent monetary and banking legislation. But a vital factor which is beyond ish, the result may be a rush to spend money for fear it may be worth less tomorrow. Something of that nature Bappened in Germany. Once such a movement starts, money is spent fast- er and faster, prices rise, the need for more and more money to carry on the movement tends to speed issu- ‘ance of paper currency. No one wants to hold a fixed income security like @ government bond. Government treasuries cannot finance themselves by bonds, and are forced to print still more money. Such a muve- ment soon becomes inflation in its most virulent form. ‘The renewed flurry over inflation in the United States has developed over the continuing spending and borrowing by the government, and the Dire Word, gain in U.S. Proposal in congress to pay off the bonus by printing money. Conservatives ask, how long can the credit of the government be strained? And if money is printed, will it not destroy confidence in the currency? Defenders of government spending answer that America’s per capita debt is still well under that of England or France, and those who propose printing money answer that there is nearly twice as much gold reserves as money in circulation. Tuesday—The causes of past Periods of inflation in the United States and other countries, LAWONN WINS TOURNEY Grand Forks, N. D., Feb. 17.—(?)}— Alfred Lawonn, star of the Forx Ski club of Grand Forks, won the Class A event of the international tournament here Sunday. The giant tortoise of the New York zoological garden is America’s oldest hea it is more than 200 years old. ‘STATE OF ALARM DECLARED IN SPAL Six Persons led in Sunday Election; Government Forces Suffer Madrid, Feb. 17—(P)—A “state of alarm,” to last eight days, was de- clared throughout Spain Monday fol- lowing the deaths of six persons in Sunday’s general election. The state of alarm—which requires that police authorities be constantly on the alert but does not suspend civil processes—was proclaimed in the face of rumors that a “state of war” might be instituted. Authorities feared that disorders might result from large leftist gains in the election. A cabinet session was called. Failure of the government to give out any official reports on the election results led to a belief that the left- ists had proved stronger than had hitherto been admitted, in their cam- paign against the government center- rightist coalition for seats in the new parliament. Note) —The Tri wele 8 letters on subjects of inter- er Letters dealing with contre- versial religior ganieces, which attack — in unfairly, or which offend good taste and fair Dluy will be returned to the writ- ers. All letters MUST be signed. If you wish to use a pseudonym, stgn the pseudonym first and your own name bel it, We rese: such parte of necessary Policy and to re- publication of a writers where justice and fair play make it advisable. All letters must be limited to not more than 600 words. LIKES ROOSEVELT Underwood, N. D., Feb. 4, 1936, Editor, Tribune: Have recently read the article of J. B. Peterson of Mercer, to which I fully jasree. I believe most farmers do, and city laborers also, no matter of what political belief they are. We can be glad we have a man in the white house that hes put forth action in- stead of only words to do something for the millions of unemployed ana. suffering. For the farmers, I can only say words of praise for Mr. Roosevelt, although I am one who is not rich but in fair circumstances. I have never received one cent of relief or seed or feed loan or any charity help, and am thankful that such is the case, but I rejoice that the gov- Tnment has aided those that were in need. True; perhaps a few weren't worthy of it and misused their privi- ernment has aided those that were in Great need. Of course as a farmer I got my allotment. That was a God send. Why the supreme court an- nulled it I cannot understand. Seems to me it was only just to us farmers, as the high tariff is to industry. am sure anyone that has a sense justice regrets the decision of court. It is regrettable that some “spending too much,” or “1 the budget” by them. Now that Roose- velt is spending some money among the common people, he is called “the \ spender,” “spoiling the people,” “mak- FeeraTeatipetone a It sure arouses feeling for the needy ones. say it grieves speeches as Gov. Landon, Alf Smith have made. credit, They must better than, to heap such unfair remarks on Mr. Roosevelt, We admit he has made People’s Forum ||Hastening of Adjournment Hints New Deal Campaign Will Be Based on Record By BYRON PRICE (Chief of Bureau, the Associated Press, Washington) ‘The current effort to hasten the adjournment of congress has certain political implications which may prove of first-rate importance. Broadly, Mr. Roosevelt now has a choice between two courses of political action. He can plunge into a new series of bold experiments on the eve of the re-election campaign, and seek by dramatic attacks on the depression to recapture some of the momentum of his earlier days in the White House. Or he can rest on the record as it stands. His opening address to the present session, castigating his political ene- mies and announcing there would be no retreat, was interpreted widely as forecasting another tense period of creative effort at Washington. Rightly or wrongly, when he said he would not retreat, many believed this meant he intended to advance. cut wages, hire women and children, lengthen work hours, fix prices of producers and consumers so their big Profits are undisturbed. We farmers and workers are not going to fall for any of these Liberty League, budget balance, restore confidence phrases. ‘That's old stuff. We want action as we are getting it from the present ad- ministration. We have had enough of words. We are sick and tired of that “around the corner” prosperity talk. We are go- ing to stick » Mr. Roosevelt. He is doing as he promised and we trust him for the future. A REAL DIRT FARMER, PRIMARY LAW IGNORED Baldwin, N. D., Feb. 13, 1936, Editor, Tribune: This is surely a real winter and if the spring and summer will be as good for precipitation, our North Da- kota farmers should have smiles on their faces. Rust can be overcome. It was proven on my farm last year. Well, the radio is a wonderful in- vention; if it wasn’t for it I would feel more lonesome. The politicians are on the air and they sound like wolves to those who know them and 1 must say like lambs to those that don’t know them. They advocate a government by the people and how to sélect candidates for the various state offices. It makes me think of olden days about the time I became a voter. At that time all candidates tired of the caucus style and the legislature enacted the primary elec- tion law. ‘This law surely works out fine as to county officers, and why should it not “vote a straight ticket” should be for- bidden by law, with a penalty there- a,|for. This here drafting a man into partact ia the:neaden tater ‘mince [office, as those shrewd politicians mistakes, and no one is more anxious|Vant to make us believe, is all wind. to correct them than Mr. Roosevel We feel it and believe it. His motive is for justice and a fair d The New Deal has not hurt ness, it has helped it. UL Bee} z 5 5 8 E : I fii ; 4 Rg g 2. i FS i ct i i | ks @ high tariff it is say. Nothing is said about balanc’ g “The Liberty League” is a fine sound! name, but what does it) mean? About this: Liberty to exploit, are having their secret mouth- pieces at those conventions which ite a complete ticket. that a government by the peo- chance has an individual It is only @ politician that will those conventions hope of getting an endorse- Hl i you want a government by the and for the-people then these should be abolished and candidates run for state untarily as the primary ws of North Dakota pro- Jet the people in the booth on election day nomi- e candidates; that was the in- ntion of the primary election law, and that is what I call government by the people and for the people. ‘Yours very truly, JULIUS MEYER. i é I Be Subsequent events have led to a reconsideration of that forecast. If administration pressure for. early ad~ journment is taken at its face value, it can mean only that the president is willing to go to the country on the plea that he has done all he could to insure recovery, and is confident his efforts have succeeded. Few Legislative Requests To realize the unusual character of the present legislative situation it is necessary only to compare it with what has gone before. Almost from the first, it has heen customary for presidents to lay on the doorstep of congress, even in normal times, long lists of legislative pro- posals, It is no tax on the memory to re- call how, in each of the earlier Roose- velt congresses, this process Was ac- celerated so greatly that requests for major legislation followed one an- other in breath-taking procession. In contrast, it may almost be said that Mr. Roosevelt has asked noth- ing of the present session. He made one or two very general suggestions in his annual message. He recom- mended later the repeal of the cotton, tobacco and potato statutes, after everyone already regarded those Statutes as dead letters. Indirectly, and not officially or formally, he has asked that some- thing be done to replace AAA, but @ new farm act was inevitable with- out his recommendations. He indi- cated, also indirectly, that a restrict- ed tax bill should be passed to replace the processing tax. His neutrality Measure, once regarded as about the only prime administration proposal, appears to have been laid aside with- out protest. A Significant Date? Nothing more is heard of new in- dustrial legislation to replace NRA, although the president himself men- tioned such a prospect several months ago. An early adjournment would mean that no legislative recourse would be at hand should other “New Deal” laws now in the courts be in- validated. For all of this there must be some special reason. It indicates, for the time being at least, a change of legislative strategy. The cause may remain hidden for weeks in the political fog, but some politi- cians think they can guess what it is. An influential school among Mr. Roosevelt's advisers has been tell- ing him that the depression is over, that the March 15 tax returns will show it, and that it would be politi- cal wisdom for him to say 80, They have been saying that, such being the case, the country is tired of congress and of new legislation. They have been arguing that this is no time to “rock the boat.” If the president himself is thinking along those lines, and is contemplat- ing any public statement of his thoughts, March 15 may become a significant date. At least it is worth marking on the political calendar, (RR UR TESS BURNS FATAL FOR DR. HELENA WINK Pioneer Woman Physician Had Practiced’in Jamestown Since August, 1883 Jamestown, N D., Feb. 17.—()}—Dr. Helena Knauf Wink, 81, one of the most widely known and most beloved physicians and surgeons in the north- west, died in a local hospital Sunday, her death caused from burns sustain. ed while cleaning clothes at her home Saturday. Dr. Wink has been actively en- gaged in the practice of medicine in Jamestown since August, 1883, when she came to the city from Ann Arbor, Mich., where she graduated from the college of medicine in June, 1883. Dr. Wink was a member of the Stutsman County Medical society, past worthy matron of the Eastern Star, a member of the Stutsman County Early Settlers association, an honorary mother of the Stutsman County Pjoneer Daughters, the sec- ond superior chief of the Degree of Honor, and a member of the Ameri- can Legion Auxiliary. She was born in Jackson county, Michigan, May 26, 1854, She was one of the first women in the United States to study and practice medi- cine. She had attended over 5,000 maternity cases, Dr. Wink is survived by her son, Walter, here and the following broth- ers and sisters: John and Arthur Knauf, local attorneys; Dr. Mary McCoy, Duluth; Mrs. Frances Mce Kernan, Los Angeles; Dr. Thresa Abt, Chicago; Miss Gertrude Knauf, Duluth; Mrs, John Poirier, South Range, Wis. and Joseph Knauf, Houghton, Mich, All except Mrs. Mc- Kernan expect to come to Jamestown, Her husband died in 1904. Funeral services will be held Wed- nesday. THOMAS H. BREADY DIES Reynolds, N, D., Feb. 17.—(P)— Thomas H. Bready, 63, with the Great home here Sunday, Make a hit with your boss. Take him to the Prince for lunch. WILLIAM M. SCHANTZ, Certified Public Accountant (American Inst. of Accountants) At « = Income Tax Reports 8; Phones: Oftice—540 Residence—1620 a3 Broadway, Bismarck, N. D. MONEY TO LOAN To all classes of salaried men and women in amounts of $25 to $200. Convenient monthly payments. Planters Investment Co. Minot, North Dakota DIGESTION «s often overtared ed evistence/ HERE DELICIOUS FOODS TEMPT APPETITE—the famous Gold Coast Dining Room (above) at the Drake Hotel in Chicago. Aad here the fragrant, delicate smoke of Camels rises while Erik, famous maitre d’bétel, watches alertly over all to see that no wish goes unsatisfied. “So many of our guests smoke Camels,” Erik says, “for they have found that choice tobaccos add to the pleasure of the meal. Camels are tremendously popular—s leading favorite here.” Het Digestion Sa Smoking tion's sake, you Aids in Assuring Natural Digestive Action “Hurry—hurry—husry” seems to be the order of the day. People get caught in the lockstep of modern life. Tension finds the weak spot, so often—digestion. It has been shown that smok- ing Camels improves digestion . . . wards off the consequences of hurried, nervous living. Camels stimulate digestive action. They promote the feeling of well-being and good cheer so neces- sary to the proper assimilation of food. Camels set you right! And, in smoking Camels for diges- of smoking pleasure. So turn to Camels, Expect an enticing mildness. Enjoy the appealing flavor of costlier tobaccos! They never tire your taste! Camel Cigarettes may enter a whole new world COSTLIER TOBACCOS | Camels are made from finer, MORE EXPENSIVE TOBACCOS-—Turkish and Domestic — than any other popular brand ‘Crontight, 1906, B. J. Reynolds Tebacce Company, Wiastea-Selew. 8. O. F. B. FOWLER on Star Route 1392, Maine, says: “e's eat-and-run with me, but I always top off with Camels. They are good for digestion.” TUNE IN! CAMEL CARAVAN with WALTER O'KEEFE, DEANE JANIS, TED HUSING, GLEN GRAY and the CASA LOMA ORCHESTRA ‘Tuesday and Thursday—9 p.m. E. 8... 8 p. te C87. 9:0 p, m.M.S.T., 8:30 p.m. P. 8, over WABC- |—smoke by Our CEASE WATCH YOUR STEP— a scene in which we all are actors. The rush tells on even the strongest. It’s com- forting to kaow that smok- ing Camels promotes healthy digestion ... gently stimu- lates the natural processes. HARD HITTER. Jane Sharp, tennis champion, says: “Smoking Camels helps me to digest my meal. Camels taste grand!” Cou