Casper Daily Tribune Newspaper, August 22, 1921, Page 2

vag PAGE TWO Che Casper Daily Cribune Issued every evening except Sunday at Casper, Natrona County, Wyo. Publication Offices. Tribune Building. BUSINESS TELEPHONES : -+--15 and 16 Branch Telephone Exchange Connecti 1 Departments Entered at Casper, CW: ing) Postoffice as second class matt ber 22, 1916 MEMBER THE ASSOCIATED PRESS MEMBER OF THE UNITED PRESS + President and Editor - Busine’s_ Manager --Associated Editor ised City Editor Advertising Manager Advertising Representatives David J. Randall, 341 Fifth Ave., New York City Prudden, King & Prudden, 17 Steger Bidg., Chicago, Ill. Copies of the Daily Tribune are on file in New York and Chicago offices and visitors are welcome. SUBSCRIPTION RATES By Carrier One Year Seb okcots : 95 r less period than cept na@vance and the riptions e after subscrip- w paid in delivery ars Member of Audit bureau of Circulation (A. B. ©) M mber of the ted I he A use for pul also the loca tion of all n news publis ws credited in this paper and herein. Kick if You Don't Get Your Tribune. Call 16 or 16 any time between 6 and 8 o’¢lock p. m. if you fail to recetve your Tribune. A paper will be d¢ livered to you by special messenger. Make it your duty to let The Tribune know when your carrier misses you. <> THE FOREIGN TRADE SITUATION. In rehabilitating herself and liquidating the indem- nities levied against her as a result of the war whick she was largely responsible for, Germany must have her chance. The world must come to recognize that fact. But in the matter of commercial competition if the world has not become wise to German methods and practices by this time the fault does not lie with Germany. She has given ample demonstration oi ruthlessness in war and since German nature does not change overnight or in the brief space of two or three years, industrial and commercial nations must prepare to face the same kind of unsparing methods in trade. Germany has a captain of industry, Hugo Stinness, who has taken large part in German financial and in- dustrial res:.cation. He is living up to the propa- ganda sent out with reference to him. He has mapped a@ very ambitious program of trade control which is not without the elements of junkerism. Under the plea of quickly removing the indemnity burden, which he doubtless figures is good bait to camouflage suspicion as to German intentions, he plans te control, through German manufactures and ‘Ger- man shipping the lion’s share of the world’s trade. With no destruction from war within her borders, with kell-known German industry, frugality and pa- tience, the indemnity load will be lifted, the former German commercial position restored and her old pow- er recognized by smaller nations, she again become: a@ menace. Germany must have her chance; but Germany. must not be permitted to run away with things. That Stinness’ plans are already in operation is shown in the slump of American trade in Argentina. Trade reports from South America are such as tc cause uneasiness, Among other reasons to which con- ditions may be attributed is underselling by the Ger- mans, who have received large orders for textiles, steel, paper, and hardware for which they are receiv- ing prices averaging 50 per cent below America’s best quotations. - In addition to these low prices, German exporters are pursuing the policy of extending long term credits to South American purchasers, their salesmen speak the language of the countries to which they are sent, the wants of the Latin Americans are keenly studied, and the methods of packing are al! that could be desired. The goyernment commercial representative at Buenos Aires reports that “there is little prospect of placing orders for American goods except for necessities such as oil well equipment, rail- road supplies and office supplies.” The ratio of ves- sels laden with goods entering Rio de Janeiro during the month of July was 7 German to 5 American, and five American houses are closing at that port on ac- count of the depression. A report some time ago in- dicated that our trade had received a serious setback in Peru. The decline in South American trade-began to make its appearance in March when the total exports to that division were valued at $28,000,000 compared with $54,000,000 for March 1920. The figures for May and June, the latest available, show as follows in exports: The Guianas Paraguay Peru Uruguay Venezuela -. Total, South America___$104,4 51 Ai ree This indicates a loss of $69,000,000 in our exp: ort trade with this division, comparing May and June of 1921 with May and June of 1920. Inasmuch as the total for the entire twelve months ended June, 1921, was $53,000,000 compared with $491,000,000 for the similar period of 1920, the size of the slump during the latter part of the period when Stinness” operations became effective, may be appreciated. This fact stahds out plainly. If Germany captures 60 per cent or any other lion’s share of the foreign markets, while paying off the indemnity, she will be paying the allies with money made in trade wrested from them, which is hard enough. But what of the United States, which received no part of the indemn- ity, and is losing the Latin American market which should be our chief outlet? Will not our exorbitant wage scales, repressive taxes and disparity in exchange work to our undoing unless these be speedily adjusted? BRITAIN FEELS NEED OF TARIFF. Feeling herself secure as the greatest manufactur- ing nation of the world as well as the greatest mara- time nation, having the goods and the ships to go into the markets of the world and undersell other coun- tries, Britain has operated under free trade. Now she has found herself face to face with another sit- uation in which she discovers herself at a disadvant- sage and has faced about on her policy and has adopted a protection policy. On August 12 the British gov- ernment’s “safeguarding of the industries” bill passed the House of Commons by the overwhelming majority of 176 to 4. The bill embraces two resolutions, one introduced last March by Sir. Robert. Horne, providing an ad valorem duty of 331-3 per cent on. optical glass, optical instruments, scientific glassware, porce- lain instruments, magnetos, tungsten and its prod- ucts, synthetic and’ organic chemicals; the other, and the more important, providing for customs duties on as. any articles not mentioned in the first resolution which the board of trade under the act will have the power to specify on the ground that such articles are being vended in the United Kingdom at prices below their production cost, or below what they can profit- ably be produced for in the United Kingdom. The power to protect British industries is thus placed in the hands of a commission, a method prohibited in this country by the Constitution and-one which though speedy of application may be subject to grave abuse. This change of policy on the part of Britain does hot come as a surprise to those who have watched the trend of events. The restoration of the protective policy, agitation for which has been more or less fit- ful since 1846, reached its height during the war, when it appeared to have a majority support. among the British people. The system of imperial prefer- ences adopted to apply to trade between the mother country and her colonial possessions soon after the close of the war, was but a herald of the British in- tention to restore the protective policy. The Napoleonic wars 1793-1815, which enabled Great Britain to drive every continental rival from the sea and gain absolute contro! of the foreign com- merce of the world, the displacement of hand labor by machinery, British navigation laws, all combined to convinee British manufgcturers of the importance of propagandizing for universal free trade, and the poor harvest; of 1838 and 1840 accentuated this feel- ng. “The policy of protection had been practiced for the purpose of building up the industries of England and making her the greatest manufacturing centes in world,” says Curtiss. “This had been accom- hed. The whole scheme was entered upon for the urpose of inducing other countries to bandon pro- GREAT BRITAN INTERESTED IN PACIFIC PEA Hope for Settlement, of Prob- lems at Werid Conference’ Expressed by Premier in Address. The “SHOE RETAILER.” What cdiiorial writers mted toing 20 per cert per foot or pound in know are_the following facis: the price of the hide. This 20 per cent would bear its share of transportation, overhead and taxes of the tanner’s factory cost, (and would be 25 per cent or more in. crease per foot or pound of leather before leaving the tannery, This 25 per cent or more would bear its share of another transport and overhead ani taxes imposed by the finished ieather seller or jobber, and would be 30 per.cent or more by the time it reached the shoe factory. prosperous, having run for 15 months at about 60 per cent capacity. 2. That losses"have been taken in more than a year or 18 months, but, ‘instead, ‘selling "tne product at new low prices at a loss taken from sur- plus and capital 3. That the $12 shoe today is the 20 shoe of the peak prices, which Were rarely paid. The public was buy- ing shoes in 1919, which was the peak, at about the asking wholesale price at that time, when the market was broker, and they never had to pay top prices. 4. “That retail shoe prices today of LONDON, Aug. 22.—(By The Asso- ciated Press)—Ptime Minister Lidyd George in a statement in the house of commons. concerning the recent conference of imperial premiers, said the conference had recognized unant- mously. that Japan. had. loyally ob- served the alliance with’ Great Brit: ain during the war. He asked was it right that Great Britain should now turn about and say to Japan. “Thank. you for the trouble you have taken but we don't want you any longer.” There were cries of “no” ‘from the commoners. Mr. Lioyd George declared the Brit ish empire must behave in = gentle- manly manner, but asserted he did not see why it should be impossible to ful (ill Great Britain's obligation to Japan and at the same time observe @ spirit of fraternity to the United States, If the United States and Japan could combine on the problems of the Pacific, the prime minister declared that would be a great evebt’and # guarantee for the peace of the world, The surest way to success in, the fort! coming disarmament conference, he said, would be through an, Under- standing on the Pacific, and_he, was still hopeful that such an understand ing would ensue as a result of the Washington conference. begs cnabednaret then receive ing by the percentage of manufacturer as appearing im the fin- ished shoe of 25 per cent of the whole as represented by a°5 per eent sell- ing cost, 5 per cent discount, 5 per cent profit figured, and 10 per cent overhead, or a total of 25 per cent, so the 30 per cent here is increased to 37% per cent, and in all stages it is probably 40 per cent more, as our first figures given are admittedly low. Then the final trip to the dealer, and the 40 per cent increase in cost of leather value’in the shoe has his 30 per cent to 35 per cént gross profit added, representing 28 per cent to 33 per cent operating expense, and the small net profit of 5 per cent, so the 40 per cent becomes to the consumer a tax of from 50 per cent to 53 per cent over the present leather cott. ‘Thus, we have the best argument in the world for # sales tax on a fin- ished article, stopping all the accumi- lation of expense and tax per cents at each stage of handling. Because @ tax at the source does become a cumulative burden on the ‘consumer with a small net return t> the gov- ernment, and the first industry hand- Hing the product, but the greater part of the final cost is an economic waste Paying its petty toll to every handler. Shoe men want free hides for one honest reason. They know that a 15 per cent duty will ‘ncrease the cost of shoes not 15 per cent of 20 cents a pound for hides, or 6 cents a pair, but from ‘$1.25 to $1.50 a pair to the consumer, being the cumulative 50 per cent increased cost in the present leather cost of $2.50 to $2.75 in a $10 shoe at retail, It is more important A Stnis-Rupper TaMPs THE aogeneral reduction of 40 per cent in price to the consumer. 5. That shoe manufacturers and merchants are still paying 1919 prices andjhigher for transportation, the same ‘wage cost in factories, the same operating expenses in rent and gen- eral overhead, and with a few rare exceptions in minor {tems, the profit of the trade at large does not cover expenses, and there will be little or no income tax to pay this year. 6. That retail, merchants are sell- tng to the consumer shoes for which they paid high prices at the new low replacement ratio and losing money, ‘the profitable shoe mannufacturing* and retail business today being a rare ex- ception. 7. Phat with fo appreciabic lower cost in transportation, wages and op- Grating expense, with a sale unit of 40 per cent less in both making and retailing, the lower price is due al- most wholly to e ivwer price for leather and hides and a few raw ma- terial sundries, aisproving utterly the Omaha Bee's) statement that there is no relation between the cost of hides and shoes. ‘That a 15 per cent duty on a hide vill raise the cost on a domestic hide percent through an earned pro- ective competitive advantage. To say this will not raise the cost of a pair of shoes shows @ small working Knowledge of the cumulative effect of 1 first higher cost in its stages of, handling. The 15 per cent duty would accumulate: tective tariffs, and open their markets to the free ad- m sion of British wares.” “It is well worth while,” i Lord Brougham, in 1816, “to incur loss upon the t exportation, in order, by the glut, to stifle in the adle those rising manufactures in the United States, which the war has forced into existence, contrary to the natural course of things.” Free trade with Great Britain meant freedom to enter the markets of other countries. The year 1839 witnessed the birth of the Anti-Corn Law League, and the beginning of Cobdenism, Cobden himself being a manufacturer intent on finding free foreign markets and confident of Great Britain's abil- ty to undersell the world in manufactured goods. On M 26, 1846, came the repeal of the corn laws and he abandonment of the protective policy. Qne ob- ject of the free traders was “the extermination of the tenant farmers of England,” declared Isaac Butt, Q. C., in 1851, and in 1854 the Anti-Corn Law League leclared: “After ages of prescriptive right our farm- ers have to contend for existence. That command of he British market which they have hitherto secured by unjust laws, they must now secure by superior en- ergy, or abandon it to their rivals.” The fact that Great Britain, if blockaded would starve in six weeks indicates what her farmers realized from frec trade. The return of Great Britain to protection will be a jolt to the free traders of this country who have so frequently pointed to her as a shining example of Former Casperite Opens Resort In Fremont County ‘A beautiful play found for Wyo- ming people, in Wyoming and ac- cessible to all, and managed by a former Casper resident wag discov- ered this summer by a ‘number of Casper motorists. that policy At Fremont lake, just 270 miles | Fifteeri per cent duty to the gov- SacHsTAwIor(O- cae eee, from Casper and on. good roads-all | ernment. nay ey THEY ARE PLAIN TRAITORS. of the way, William Hobbs, former | ‘This 15 per cent would bear its ; ‘ ; : , a head The congressional committee investigating the| M&™&cr of the Grand Central hotel, |share of percentage of all overhea is locating a resort which will be the future summer, spring and fall at- traction to Casper people. The lake is 12 miles long and two miles wide with a splendid beach on all sides. ‘The water is tested 98 per cent pure, and entirely free fom minerals. The trout fishing, both in the lake and entirely free from minerals. mountains is fine, and the location is in the heart of the big game coun- try. The camping facilities are of the best and the country around of- fers no end of attractions, to the camper, fisher and hunter. At the present Mr. Hobbs has a large cabin in the place. He is striv- ing to get permission from the gov- ernment to have concessions to make the location even more desirable. ‘The request is being backed by Wyo- ming representatives in congress to ‘either have a long lease or some other provision so that “big money” will not be afraid in backing. the building up of the resort. Mr. Hobbs has a motor boat on the lake and in a small way is able to assist campers. During the hunting sea- son he supplies guides through the Snake river canon and the Hoback river canon upon which the resort is in direct route, This last season Mayor Ben H. Pelton and party, H. J. Peterson and party, Jack Scott and A. EB. Stirrett all visited that country and are most enthusiastic in their praise of the location. Awe BUILDING GOOD HOMES. Are you waiting for building prices ‘o come down. Prices today are ut rock bottom; investigate and you will ‘ind it will pay you to build now. See rover ©. Gorsuch, builder of good homes. .Ninth and Wolcott streets. 8-20-3t Bergdoll affair has reported that General Ansell, Col- onel Hunt and Colonel Cresson aided the scoundrel Bergdoll to escape to Germany. If tle testimony jus- tifies this report and it is presumed it does these army officers are traitors to their country. They are no more fit ty have command of honest men, nor to as- sociate with them or draw pay from the United States han Benedict Arnold would beyy-H-the war depart- ment op the départment of justi€e does»not take im- mediate action to bring these men before a court mar- tial or federal court on the indictment: already pre- sented against them and ‘punish them to the full ex- tent for their crime the United States deserves! to, for- feit the respect of every. honest and loyal citizen un- der the flag. We ought to be about through excus- ing and whitewashing cheap villains who have be, trayed the honor of their country and the high trust placed in them’ by it. Since we have reduced the war éstablishment to the minimum let’s take the further steps and make it so high class in personne] that we can take some pride in it. Any man connected with the Unite? States govern- ment in any capacity or any officer holding a commis- sion in the United States army, fool enough to be- lieve any such weird tale, of a pot of gold, the basis of taking Bergdoll from Fort Jay to Philadelphia, should be kicked out of the service for imbecility or placed in an institution for the feeble minded. of the packers’ taxes, probably reach- — eae Se CATALOGUES MR. VOLSTEAD. Senator Reed of Missouri in the senate discussion of the anti-beer bill, had his opportunity as a wet sena- tor to pay his compliments to Representative Vol- stead, and we'll say he did it. As a master of satire and sarcasm he has inherited the mantle of the late Senator Ingalls of Kansas, and he wears it worthily, The senate is seldom jolted out of its dignity and the peaceful rut in which it is wont to jog and Sena- tor Reed is one of the few that arouses the animal and starts the grand chorus of roars. Of the nationally advertised author of the Eigh- nth amendment Senator Reed said: “I have never had until the other day the pleasure of seeing the distinguished author of the Volstead act I do not know whether he was born in the United States or not; but I am informed he speaks broken English. I do not know what his ancestry may be, but I do know I have seen the pictures of some of the con- spirators of the past, the countenances of those who led in fanatical revolt, the burners of witches, the exe- cutioners who applied the torch—and I saw them all again when I looked at the author of this amendment.” ————j.——_ Lake Huron has the curious récord of having more islands than any other ake. peppermint flavored sugar Jacket around pep- permint flavored chew- Do you know ra can roll Roh a Te a Bg OUR CANAL—OUR BUSINESS. 1Octs fro ing gum. The British government still insists that American coastwise ships should not be granted free passage one bag Will aid your appetite ® : through the Panama canal. It is probable, however, that the Hay-Pauncefote treaty will be interpreted by the present administration according to the American understanding of its provisions, particularly as the British meaning attached to its language has always been a highly strained one. Senator Borah’s bill for the restoration of tolls exemption for American coast- wise ships is on the senate calendar ready for consid- eration, and it is not likely to be sidetracked merely because some other country would wish to see it defeated, and digestion, polish your teeth and moisten -your throat. B129 The Flavor Lasts SE BN 7 at THE UNEMBELLISHED. The officers and men of the merchant marine who served in the great war-are asking to be awarded medals. They are entitled to them, if anyone is, but when one considers the number of medals which were dished out by the Democratic administration before it had a leather medal tied around its own neck, one is of the opinion that u fellow without a medal is more conspicuous than one with, and in 7 in- stances the adorned rendered less useful service than did the unadorned. {1 GENUINE “BULL DURHAM @zr x2 For Vacation or Stopover Don't miss a stay at the strictly modern Carter Hotel Big Horn Hot Springs <= springs in the world.” THERMOPOLIS, _ WYOMING <u Building Materials We are equipped with the stock to sapply your wants in high grade lum- ber and builders’ supplies. Rig tim- bers a specialty. “KEITH LUMBER CO. Phone 3 0 LET’S HAVE COMPETITION. The “See America First” movement gets a severe jolt from the announcement in New York newspapers that a trip to Europe costs less than a trip to the Pa- cific coast. Perhaps this difference in favor of seeing Europe first is due to the fact that the railroads are still almost entirely operated under the direction of the Interstate Commerce Commission, which regulates rates, and the Railroad Labor Board which. regulates working conditions. It would be interesting to see what would: happen if the government would loosen its grip a little and let the roads compete for the tour- ist business, that 110,000,000 people get their shoes/a at present cost or less than to crease the cost sumers to make a few cents for the! government farmers and packers. —_—_——>_ Presbyterian ship of 1,722,361, a net 85,256 over last year, the Presbyterian publicity bureau annouriced today. MURDER AFFIDAVIT 1S A ris, a restaurant wait terday signed an affidavit to the po- lice that he gunmen employed by a wealthy New York man to kill a confessed last night, police that his story was fictitious. MONDAY, AUGUST 22, 197). local afternoon newspaper wh... in-|yesterday published his stor con-| copyright article. He wid the police that he ~ tous to get Back to New Yor thought his story would be « jly plausible to warrant bi | thera by the authorities, for 110,000,000 ‘Church Grows , TO HAV aad RED BLooG increase | of | — FRAME-UP, SAYS WAITER. write Chief Advi, PO eS 440, Atlanta, Ga KANSAS CITY, Au wee J =S.sS. nnounced Foy Rich, Red Blood Sy Harris was arrested at the office of who late yes- was one of the several “Mrs, i | FEIPAT Leet RTE 1) NEE Only Woman's College in Rocky Mountain Country Recognized by Colorado State Board of Exafffers as standard, high-grade college. Regular Liberal Arts Work; Home Economics and. Seere- tarial Courses; Unusual opportunity in Art, Expression, Piano, Pipe Organ, Violin and Voice. Preparatory Department four years’ work. Boarding and Day Pupils. Expenses moderate. 921 Next term opens September 2 COLLEGE it. Phone York 5533 COLORADO WOMAN’S J. W. BAILEY, President Denver, Colorado LL ~~ bE OOOO OO EES ERE FSOE ES Dod FOO TEFOENT 8 FOOD bee Every Evening Our bread is welcome in the most polite circles, It never fails to please the most particular peo- ple. Day by day the year around it is consistently good. Order it by name. We're Ready To move your household goods. - We specialize in haul- ing furniture and pianos. ¢ Baggage and any kind $ of hauling. We are prompt and we give a guarantee on all our work. See Ben Transfer Co. BATTLES OF BUSINESS Are won by preparation and co-operation. By preparation is meant the selection of a strong bank in which to build up a Reserve Fund. Co-operation is the advice and coun- sel which the officers of the Casper Na- \ tional Bank are always willing to extend. | We cordially invite your business on the basis of service. WaT May We Serve You? Casper National Bank : CASPER, WYO. 32 Years of Service Under United States Government Supervision.