Casper Daily Tribune Newspaper, December 30, 1921, Page 6

PAGE SIX Cbe Casper Daily Cribune fmmuec every evening except Sunday at Casper, Natrope Wyo. Publication Offices. Tribune Builéing. I 8 TELEPHONES ce ccvccscceslS ane 3 ancn Telephone Exchange Connecting All Departments Sniered at Casper, (Wyoming) Postoffice as second class} November 22. 1816. MEMBER THE ASSOCIATED PRESS Preadent and Bdlter EB. HANWAT | al | | | Prudden, King & Prudden, 17 Il,; 286 Fifth avenuc, New in = 3 polka eg ton, Mass, Coppies of the Daily Tribune the New York, Chicago and Bost offices and visitors SUBSCKIPTION RATES By Carrier * must be paid in advance and the) riptions , not insure delivery after eubsorip- ————$_— as ccamntes bra snaeninak vars. ‘EEE Member of Audit Burean of Circulatic. & B. C) Member of the Associated Press The Associated Press m exclusively entithd te toe use for publication of all news credited in this papec and also the local news published herein petits enn A Kick if You Don’t Get Your Tribune. Call 15 or 16 any time between 6:30 and 8 wpa gee <c tf you fail to receive your Tribune. A paper wa | ~4 livered to you by special messenger, Make it your duty let The Tribune know when your carrier misses you, > ee NEXT YEAR’S BUSINESS. A close analysis of business for the past year and a careful prognostication for the coming year war- rants the belief that 1922 on the whole will present more satisfactory conditions than the year just clos- ing. The forecast is that profits will depend more on economy of operation than on expansion of volume. With the many favorable factors now operating, busi- ness men should not fear to make plans for the new year, but they should plan with care and conservatism,| and with constant effort toward reduction of costs. | Financial improvement continues. Progress has been made in reduction of excess stocks of manufac- tured goods. Accumulations of raw materials have been reduced. The rate of production in the major industries has shown little change during the closing weeks of the year. Losses in some lines have been offset by gains in others, the net result being that the rains over the low levél of the earlier months of 1921 gf have been held. ‘The last twelve months have witnessed great prog- ress toward stable financial conditions in business. Combined gold-reserves of the twelve federal reserve| banks have increased by more than 40 per cent, while} @iscounts for member banks have dropped 56 per cent.| and federal reserve notes in actual circulation have} declined 28 per cent. The federal reserve system | | tion for the purpose of retiring national debt is a form | no one will regard his share of this national accumu- trom A It is too much to hope to destroy the anachronism | of armament at one blow, but-in so far as concrete results may be attained, they offer the first real hope. of recovery from the economic stagnation cf the. world. A combined saving by the United States, the United Kingdom and Japan on armaments of only $500,000,000 in a single year is equivalent to the pre- war value of the exports of wool from both Argen- tina and Australia for nearly three years. SSE eee SAVINGS THROUGH TAXATION. Writing on taxation matters in the current North American Review, Mr. C. Reinold Noyes advances a rather interesting elucidation when he says: “It seems not to be generally recognized that taxn- rines cannot pay for hides from Argentina or wool) of compulsory savings, when it is looked at from the point of view of the whole people. Liberty, bonds| were originally paid for out of the current savings of | the nation over a period of three years, and out of| the credits issued to individuals on pledges of savings| not yet acccmplished. This latter fund of frozen credit is rapidly being liquidated and most of the out- standing national securities are now owned outright| by the investor, The proceeds of this financing have | been spent or lent, not invested, by the government. Deducting the loans made to foreign governments, about fifteen billion dollars of the savings of the people have been used up in current expenditures. There are no assets to speak of to counter this liability, for the credit of the government lies in its power to tax the| individual proprietors of the country, not in its owned | assets. Though the individual naturally regards his government bonds as a part of his capital, the aggre- gate of the bonds is not a part of the national capi- tal, but represents property used up with nothing per- manent or tangible to show for it. - “To retire such a debt, the people must produce each | year additional savings over and above their personal expenditures and pay them over to the government in the form of taxes. The government in turn will in- demnify the original lenders of capital until the whole | account is settled. To the lender the cash received at maturity appears to be merely the repayment of his| principal, formerly advanced, and there is therefore a storng tendency to retain it as capital and to re-| invest it. What was at first largely a paper lien against! non-existent savings becomes, as the bonds are retired, a real enhancement of the national capital fund, and is an additional increment available for productive in- vestment as long as the process lasts. | “Durihg the next quarter to half century 25 billion! doliars of paper assets will in this way be converted| into real assets in the hands of our people. And since| lation as a part of his individual accumulation during the period, there will be little or no tendency for the process to diminish or replace normal savings.” —$__——__—__ DON’T DESTROY CHAUTAUQUA. Public sentiment throughout the country is becom- ing arc ved because of what seems unjust discrim- ination of the railroads against the Chautauqua as-| sociations which has led these organizations to enter | a formal protest with the Interstate Commerce Com-| mission. ability of these organizations to continue its service at prevailing rates is imperiled, and the Chautauqua! thelr own local refuses to consider the only alternative, a lowering of its standards. Despatches from Washington announcing the pro- Some folks say that human life has) tirely blameless. depreciated in war. police records Che Casper Dally Eridune A Race for His Life value since the world To emphasize their point they|rules in call attention to the large amount of! criminal activity that clutters up the of our cities. Some have intimated that the automotive world is not entirely free from sus- pictons which lower value is life. would indicate that a being placed on human A few years ago 622 people were killed in the Chicago Iroquois theater fire and the aroused. trophe people bilittes of such demand , more regulations. whole. country was As a result of this. catas- all over thé United Unless relief from the burden is granted the| States began to investigate the poss!- a disaster occurrimg in stringent protective Yet last year in Chicago 559 people, almost as, many as were lost in the/tarmer; it has done wonders for the Appreciation of Human Life H. CLIFFORD BROKAW communities and tb/ In the first place, many take chances and violate traffic an apparent don't-care- whether-I-live-or-not .attitude. They often make it extremely difficult for the most careful drivers to avold acci- dents. In the second place, those who walk, whether owners of cars or not, can do much to create a public opin- fon that will make {t impossible for the present situation to become worse. | The automobiie has become neces- |Sary to civilization as food is neces- |Sary to the body. But as the body |becomes unhealthy through an im- | Proper use of food, so our civilization will be retarded if we let our auto- mobiles tend to cheapen life. ‘The automotive industry has given employment to millions of people: it Las enabled the urbanite’ to get mto the country; it has been a boon to the ton. other fellow on the road a fair chance. This state of affairs should prompt automobile manufacturers and dealers to do everything possible “Safety First” in the driving of autos. It should encourage -garage repair shop and service station men to add their influence in behalf of reducing accidents. The pulpit and press can also do much towards creating the Proper sort of public opinion and ac- It ia a splendid idea to have enough gas in the tank of your machine and enough of] and water. It is Important There is nothing in the world quite so nourish- ing or helpful as Scott’s Emulsion for thin, anemic girls that the tires be-inflated, that the en- |gine run and the wheeis go round. But {t is infinitely more important that the driver know the speed laws and rules of the road, and that he has an honest desire in his heart to observe them in other words, that he has in mind the proper valuation of human life, 5 > We Will Offer Every Winter Hat In Our Shop Your Choice $0.00 This includes Dress Hats and Sailors that regularly sold up to $18.50. Martz Rat Shop 154 S. Center St. toward FOR SALE 12 head first and second calf Holstein heifers, 1 three-gallon Jersey, one milking Shorthorn, $75 per head—$30 cash, 10 months on balance. HARRY-STARKS 546 S. Chestnut St. Phone 1735 once more proves to be a system designed to care for) test before the commission failed to give details as|theater calamity, are reported to havel sajesman; it has hurried th increases and decreases in the volume of credit, with| to what the protest is based upon beyond the charge| been killed by automobiles. And N0/the sick; it 1 trustica oi sinwnct! te the requisite elasticity to do this easily. The better-| that it is not recei | one notices any great national demand! to save the burning home; ft has made of “teen-age.” It is well-worth trying. ng the same consideration as are ment in the position of member banks, while not so striking, is nevertheless satisfactory. Notwithstanding the consistent improvement in fi- nancial conditions, recovery in manufacture and trade has been slow. Unemployment in the chief countries shows little decline from the high point reached early in the year, and it may well reach new high figures during January and February, when normally there is fan increase in the number of those out of work in North America and Europe. Manufactured goods con- tinue to move clowly and uncertainly into the chan- nels of consumption. In + analy the business of the world rests on a physical, not a financial foundation. Failure of bal- ance between world-wide supply of and effective de- mand for physical goods forced the violent readjust- ment of the last two years; a readjustment which will not be complete until this physical balance has again} been established. The wool situation illustrates particularly well the tors which have prevented a return to nor- mal conditions. It has continued to accumuiate, part- ly because central] Europe has not been able to pur- chase in the expected amounts, partly because an im- portant part of the wool supply is a by-product, and partly because the building up of flocks ig so slow a process that flock-masters reduce them only when they| have given up hope of profits. | With curtailment of production and increased de-} mand, copper stocks are showing reduction. The short | American and Egyptian cotton crops have served“to| bring the world’s cotton supply approximately to a| prewar normal. Stocks of hides and skins are large| in many countries but are moving more freely into consumption. The prices of rubber and sugar are still below the cost of production. Sisal stocks carried over| from last y now constitute nearly two-thirds of a ormal year’s supply. The world’s wheat production is in a satisfactory state of balance in that there is an adequate supply anc ined demand. The Amer-| ican farmer, in the a new corn crop of 3,152,-| 690,000 bushels, is carrying over 281,000,000 ‘ush-| els from the record crop of 1920. There is also an accumulation in other less well known commodities. | This atcumulation of physical goods is not a mis-| fortune. It assures to the world a supply of cheap food and clothing, and real prosperity has never rested| on any other ba: But producers of raw materials constitute much more than half of the buying power| of the world, and the conclusion is inevitable that the entire economic structure will gradually adjust itself! to the raw material market. The essential step toward recovery is removal of the burden of expenditures for war. The countries which are wasting their money and effort on arma-| ments are those whose markets must absorb the| world’s excess of raw materials, and pay for it with manufactures, The terrific burden of war debts and preparation for war is clearly shown by data recently prepared by the Federal Reserve board. The board states that in 1920, of a total net public expenditure by Great Britain of £1,145,928,000, 30.5 per cent were for pub- lic debt charges and 25.5 per cent were for national) defense; by France, of a total of 62,183,217,000| francs, 22.7 per cent were for public debt charges,| and 50.7 per cent were for national defense. In 1919,| Ttaly’s total public expenditures were 82,150,100,000 lire, of which 8.4 per cent were for public debt harges, and 83.9 per cent for national defense. Ger- nan expenditures in 1920 were 61,470,870,000 marks,| 14.5 per cent peing for public debt charges, and 60.2) per cent for national defense. Expenditures for the payment of interest and prin-| of the public debt do not curtail current pur-| ng power. They merely transfer it. That cur-| tailment occurred when in the first place the debts; were incurred for military and naval purposes. But) ‘urrent expenditures for national defense constitute; on the present putchasing powers of al Labor expended to make guns and subma- various | system was scientifically worked out and an elaborate | one of the most important events in American life, as theatrical troupes. The facts are these: Railroad tariff schedules class Chautauqua with theatrical companies in fixing rates. These schedules provide that when a company ‘consists of twenty-five or more members and carries its baggage with it, this baggage is transported free of charge, even though as in the case of the many companies playing one-night stands this means the handling of the baggage daily. When smaller companies are concerned, a charge of; 85 cents a mile is made for transporting the baggage. While on a typical circuit, for example, not fewer than sixty-three persons are engaged in each town’s Chautauqua week in addition to executives and work-| ers, the system is such that they are separated into groups, thus giving a wide diversity of entertainment) and permitting a daily change of bill. But because there are not, as a rule, as many as twenty-five in any} one group, the railroads take advantage of a tech-| nicality and charge full rates for transportation of} baggage. . Although figures can be given to show that this is not fair, Chautauqua accepts it without protest. Its) grievance is against a system whereby in addition to the charge for transporting the baggage, it is com- pelled to buy ten passenger tickets,.or five more than are necessary for those who travel with and care for the baggage. These extra five tickets are of no use, and at the present high cost of transportation, plus war tax of 8 per cent, their cost amounts to a large um in the course of a season. It seems to be a dis- criminatory burden that Chautauqua justly regards as an imposition. The people of the United States now enjoy a series of entertainments such as were impossible before this organization perfected. Chautauqua has come to be is shown by the fact that last year there were more than thirty-five million aggregate attenders at Chau- tauqua entertainments. These were given on ninety- three circuits; more than 5,700 persons were employ- ed, including 511 prominent lecturers and 3,000 sing- ers, instrumentalists, readers and other entertainers. | Places were reached in remote sections that never be-| fore heard a good, clean entertainment. The educational value of Chautauqua is so great, and its mission is so important, that the foremost men and women throughout the country are among its ac- tive supporters. It calla upon the citizens of this sec- tion to join their fellows everywhere in protesting to! local railroads against this treatment, that this great) institution may continue on its beneficial way un- hampered. re RN os Ta OF THE PEOPLE. “President Harding has one, qpalifcation for his’ high office,” says the New Republic, “which appeals particularly to his fellow countrymen and the exist-| ence of which they could not have suspected from his’ enrlier career. He is fundamentally a good man; and} by good we mean something more than merely well-} intentioned. He is good in a sense that ex-Presidents) Roosevelt and Wilson, in spite of their superiority to) him in moral energy and intellectual ability, were not, so good. He is not an egotist. He is kind, patient,! fuir-minded, considerate and apparently disinterested. | He possesses not only a keen bat an humble sense of personal obligation to all his fellow-citizens. He wishes them to be happy. He hopes to make them happy by faithfully considering their problems, by listening to their proposals and grievances, by composing, if pos- sible, their differences and by leading them smoothly along the middle of the road to some accessible and eligible goal. Finally, while he is not yet an enlight- ened man, he is by way of being flexible and open-! minded. Tie has learned much since the assumption of his grave responsibility opened his eyes and aroused his conscience.” a Evidentiy the dry squad and the bootleggers are enjoying a truce during the holidays, for greater protection of human Ufe travel possible for scaity aiatiee from motor cars, In fact, if the pres- come a rs i ent rate of deaths by automobiles in) jp pa, seat Transportation factor Chicago continues to December .31,!in the country benefits {1 one wa: pe more than 700 people will have met/ another from this tremendous indur death in this way, an increase of more/try that has sprung to its presen‘ than 100 people. Last year in New York City 746 peo- ple are said to have been killed b; automobiles, wi iy ith an indication that’ in 1921 the total will run up to over 800. out America may be cy, but it evidently Life in these cities and through- fe for democra- any too safe for those who travel where motor cars go. In 1920 there were more than one- half as many mobiles in the railrcads and combined. But people killed by auto- ‘United States as were }isortally injured in all the factories, mines of the country in. industry during the last 14 years accidental deaths have been reduced 28 per cent, while in the automotive world such fatalities have increased 1/,000 reople having automobiles in 3,000 per cent, neariy besn killed by 1920. Such @ situation is bound to hurt the automobile corrected. be some truth industry if it is not It indicates that there may in the .statement that many drivers do not have as high a conception of the sacredness of human life as they sho with this goes uld posaess. And along a disregard of law end crdeg, for there are ample spccd laws in most places which, if they were obeyed, would reduce the number of digasters to a mimimum. About one person out of every 12 in the United vehicle of some States owns a motor kind. Thereforo. there are about 9,000,000 possible offenders. who drive cars. It ought to be said that most of these 9,000,000 are fairly, conservative and careful drivers. But while most of t hese owners of cars ob- serve the laws, they are not very ac- tive in creat! against those rules of the road. ing public sentiment who do not keep the Since careful driv- ers are quite as much in peril from the reckless motorists as are pedestr.- ans, they ought to take the lead in doing everythh this evil. ‘The pedestrians, Ing possible to cortcct too, are not en- Radiator and Hood Covers Now at Bargain Prices ‘We make them for all makes of autos and trucks. Especially fo: Extra Quality for Dodges x Fords now $3.00 per set. $9.00 set. per AN others acccrdingly in price. Casper Auto Top Shop Phone 108K For 633 8. Center St. That Good CHILE 108 N. Center St. Practically every person growth in @ little over a score o | years. | Fortunately this catnage is not nec essary. Just a littie more care on thr part of the 9,000,000 or 10,000,0000 own ers, just @ little more consideration on the part.of the 2,000,000 who buy new vars annually and just a bit more thoughtfulness on the part of the 9 900,0000 who do not own cars wil ulter the situation. This situation places a responsibilit; on automobile schools to-train ety 4ents not only to repair skillfully an drive correctly, but also to give the NEVER WEAKEN Ask Brennan. Big Kiltie Band Dance New Year’s Eve, at the I. .0. O. F. Hall. Re- freshments will be served. Admission $1.10, including war tax. i: in the New Year with the Kilties. members tained. Scott & Bowne, Bloomfield,N. J. ——ALSO MAKERS OF —— KI-HoIn (Tablets of Granutvc) ror INDIGESTION GAELIC LITERARY CLUB The Usual Meeting of the Club Will Take Place Saturday Evening at Moose Hall 7:30 to9 P. M. After the meeting the and friends will be enter- COMMITTEE. FVERY USED CAR In the House AT GIVE-AWAY PRICES Our Loss Your Gain We Offer You In First Class Condition Essex Touring Essex Roadster Essex Sedan Hudson Speedster Hudson Phaeton Studebaker Touring ; Nash Touring Hupmobile. Touring Overland “4” Touring “Most Liberal Terms” Will Trade for Lighter Cars their WANTED or more of the following courses: Call Us for Information Second and Durbin 10 People If you work, you can come into night classes. If you don’t work, you should avail yourself of the day school and learn some- thing useful and practical by selecting one Stenography, Bookkeeping, Salesmanship. Casper Business College Phone 442-W MOTOR TRUCK & CAR SA CASPER, WYOMING. We Would Be Very Glad To Figure | a veecccocorocsecescovovcceseccseseee On any building or improvement you might have in mind. If you have an idea what you would like but don’t know exactly what ‘it will take in material, come in and give us your ideas. We will figure the bill of mate- rial and the cost. O. L.Walker Lumber Co. Phone 240 West Railroad Avenue Sedovenrsrerveccessecceceseseene: Seeesceooceccoucsevessesnsosccsess