Casper Daily Tribune Newspaper, January 20, 1922, Page 6

] Che Casper Daily Cribune | every event: cept Sunday at Casper, Natrona y. Wyo. Publication Offices, Tribune Building. | SS TELEPHONES . Telephone Exchange Co at Casper, (W: matter, es second clas: | | D PRESS | MEMBER THE ASSOCIAT esident and Editor Business Manager Advertisin, ‘ives. Pr 4 ger Bldg., Chicago, n Globe Bidg., Bos. te are on file t th offices and visit SUBSCRIPTION RATES. | By Carrier } + 1.95 - 65 03) 39) Mont ov bs mittee © o5<eeenze 1.95 scription by mail accepted for jess period than thr must be paid in advance and tne Da not insure delivery after subscrip-) tu ja one month in arrears | Viember of Anudit Bureau of Circulation (A.B. O) | Get Your Tribune 30 and 8 o'clock p, m. A paper will be de ssenger. Make it your duty to our carrier misses you | STABILITY OF PARLIAMENTARY GOVERNMENT. gland, in the slow development of her institu- observes the Boston Transcript, “and with her influence throughout the world as an ex- free government, engrafted upon the in- s of the modern world the system of ministe- vility to a majority in the popular branch al legislature. Ministerial responsibility was a plant of slow growth even in Eng- Step by step, with the aggrandizement of the power of the house of commons, ‘the king's minis- ters’ became parliament's ministers, until at last the king’s choice of them became a mere fiction, and the cabinet lived upon the approval of the house and per- ished the moment that approval was withdrawn. “Gradually this system passed to all the constitu- tional countries of Europe, as it also passed to Bri- tain’s self-governing colonies. In Europe ministerial responsibility to a parliamentary majority has become synonymous with constitutional rule. The system was in force in England when the American constitution was adopted, but it was not engrafted upon our insti- tutions. The Fathers, instead, put the executive pow- er in the hands of a president elected for a fixed pe- riod, and also limited the term of existence of the house of representatives to two years. They gave the president only executive ‘secretaries,’ who were not really intended to be ministers in the proper sense, and who only became a body of ministers through a dual up-growth of powers—the secretaries remain- ie responsible to the president alone. Why did the Fathers reject the institution under which they had been bred? Not because they found any fault with its operation in England, but because they distrusted the people. They feared the rule of the mob. They preferred the system of periodically committed and balanced powers of their own invention. And though many American constitutional students have at times urged the adoption pf ministerial responsibility to con- gress here, the nation has never seen fit to adopt it. “Tt must be ad t the present state of gov- ernment in Europe seems to demonstrate the Fathers’ wisdom. The British and the later continental sys- tem of parliamentary government apyears, in truth to be breaking down. The crisis in France is an illus- tration of this fact. The English system volves, for its effective exercise, a perpetual balance between great political parties. So | as Britain had that balance, the plan worked very well. ‘His majesty’s opposition’ was as much a part of the government as the majority. When one party went out, the other came in. But party balance, under modern condi- tions, is at an end. On the continent, majorities are ible as the result of ‘blocs,’ or coalitie! constant prey of intrigue. The situs- ¢ republic itself. ‘wv no concrete opposition. Go n itself grows spensed with ers of the American tion to the aggran- , asa t of the rather nearer an that of any other be necessary for the French re- tefuge from anarchy, to adopt Ame - the presic dizement of bune te com necessar- e the WHAT SMOTE KENTUCKY. z Kentucky is told : “There came apostles of i magic wand over the na- s from The ex Memphis C re wat would ha tucky?. W maledictions upon more than distill fro shine in drops of been that tl do meek obec thy cup of of cheer. all who should do naught thy corn fields the liquid sun- And how has it compelled ¢ of the currency, me down from $6,340,436,- to 400,315 at t equally among all the peo 12 per capita to $53.03. tional bank deposits declined from September, 1920, when they were $16,751,956,000, to $14,560,852,000 in September, 1921. Combined purchasing power rep- resented by these bank deposits and the money in.cir- culation is, therefore, $20,336, 315 now, compared 92,392,718 a little more than a year ago. ine in purchasing power does not rep- money in circulat 718 at this time 1 present time. Divided this is a drop from oat money in circulation today, figured at 65 per cent ef- | tation since the troubles of this great interest began. | stalled. | silion to carry the transportation of the country, and " port fhe Casper Daily Cribune Life Insurance Proves Its Worth By THOMAS W. BLACKBURN. dollars of a year ago were worth in gold purchasing power only $30.74 pre-war dollars. ; The twenty fons-edd of both bank deposits and ficiency, are equal te $13,218,564,004 pre-war dollars, A fiduciary financial institution, while the twenty-three billions of inflated dollars in which for three-quarters of a century 1920 answered to only $12,903,044,213 in gold buying {m America, has withstood every as- power. sault, weathered every panic, outlived levery epidemic and survived wars, ex- imen| tilence, litt; GET BEHIND THE RAILROADS. \Sectstatioe| eae terrenal onpncas an Speaking et the annual ner of the Ohio Society should enjoy <nd maintain the respect in New York a few days since, Charles M. Schwab of ®"¢ confidexce of every right-think- the Bethlehem Steel Company, delivered what seems "& American. . re o rt A There.are individual banks, firms to be the best sense uttered on the transportation sit- and families whose record is phenom- ation t enal in the length of service they have We give it only in part, but it is rth perusal: given the people of America, but there “In this country we have many problems to be are no commercial undertakings in solved, but there is one particular point that I would this young land which can parallel the like to make on this occasion, which it seems to me marvelous record of legal reserve life is fundamental to the restoration of American pros-j/!msurance. perity. Tt is the one corpor- “The greatest of American interests next to [ate entity, which stands upon so firm i “ foundation that it could, and did, culture is that of transportation. I have been told that * it would take five bill beakittent teenies cee n dollars to put our transpor™ mpeirment, reorganization or revolu- tution companies abreast of the commercial require- tion. No other form of commercial en- ments of the nation and to make up for their fnability deavor has so entrenched itself in to expand and progress during the past few years. If principle, practice and accomplish- we were to have an outburst of industrial prosperity, ment. There have been a very few it is altogether unlikely that our railroads would be eae pretest legal able to carry the burden. baemerae panies) “Our railroads for the past two years have aban-| There will be others. But the only doned more miles of track than they have built, and Possible excuse for failure, whether saileent - = Sarin » &nd large or small, is weakness of man- st that period they have probably retired from service agement or corrupt manipulation. Th more freight and passenger cars than they have in- probability of both is reduced to the In a country like ours with its great future minimum by supervision and public- still ahead of it, that is an impossible situation. ity. “We cannot have prosperity, our country’s com- Based on an tmmutable law of life, ‘dently unless our rail- ®% !t has bean mathematically deter- Ps m fe nce » a > % government. From the serene heights ere able to attract capital needed for them to per o¢ a monument builded on faithful xp- form their service as common carriers. plication of the principles of average “We have imposed upon our railroads a network of and cooperation, legel reserve life in- laws and restrictions which has made their rates no surance shines forth in all its beauty longer responsive to the changing commercial needs of beneficence. of the country, which has taken away from their man- | Ms ee bey pa sare) eso agers the power to exercise initiative and enterprise, remy “Smabareaseed -ppatiann on ev a and which has made private capital unwilling to em- hard-preased debtors find it the friend bark in railroad development except under most rigid indeed in time of need. Estates butld- guarantees. ed and conserved, proclaim its value. “I am a firm believer in the fact that the way to Ses nent = youths ao get results in life and in industry is to put your faith " Professions or Dusiness, mar! - in men. When I went into the Emergency Fleet cor- Onw=td course. Whenever it is called 5 eh #3 1f, but the Emer- upon for service, whether in nanc- poration, I did very little work myself, ing the farmer, building and acquir- gency Fleet corporation got great results beceuse I ing the home, protecting a business, spent my time making the men in charge of the job tiding over a debtor or saving an es- understand that I was behind them, giving them en- tate from the sheriff, providing for couragement and confidence. old tryed heyy soe sige? bt a “We should stop knocking our railroads, our rail. Ment, withou wipes Daearyy road presidents and railroad men in general. The jyic? “surance Performs ite great railroads have had an awful drubbing, such a8 NO ‘The i!f6 insurance contract ts the other industry in the history of this nation has ever nighest form of agreement thus far gone through. There have been evils in the past, but devised by man. It is the only gainful the damage done in the restriction of enterprise and undertaking which is not based upon the prevention of progress, through the laws which the relation of gain and loss. ve heve been passed, has been infinitely greater than all “ther character loss on one side. I ; : there be gain on the other, in every the material harm due to the financial scandals which ‘ ¢ step of every transaction. Legal re- were committed. We should of course, prevent evil serve life insurance is a recurring suc- and scandal, but we must also be careful not to stifle cession of gains. progress. | Actuarially, legal reserve life insur- “But no matter what has taken place in the past, I ance is a system of equat’ in Theo am firmly of opinion that no finer and more conscien- retically, every persisten* policyholder tious lot of men was ever attempting to discharge !" @ legal reserve life insurance com- their duties to the public under difficult conditions thai, P&"Y lives out his expectancy. The the men who are today running the rallroads of the Premiums he pave on his policy. tn. United States. e] the mathematically equivalent of the “Look about you, examine the names of the men cum payable at the maturity of the who are today at the head of our railroads. Do you contract plus expenses and, in case know a single one who does nat deserve your implicit of mutual companies, the refunds confidence? They are not speculators; they are not ™misnamed dividends or dividend addi- grafters; they are high-minded public servants deserv- *!ons- ing of public trust and of public enthusiasm. Mati Se nce aes as padii bad eae hey e oe “Most of our railroad presidents started at the bot- {na Dromium Pasmenta and secre: tom of the ladder. Samuel Rea, president of the policyholder or his beneficiary. Math Pennsylvania railroad. began as a rodman nearly fifty ematically considered, the company is years ago. Daniel Willard of the Baltimore & Ohio out of money. the policyholder has railroad, and Frederick Underwood of the Erie, had protection throughout the term of started as trainmen. Going through the list you will the contract equivalent in money to find that our raliroad officers are today among the 5's payments year by year, and the very best illustrations of what American boys can do Penefitiary js enriched by the amount with opportunity and ambition. There isn’t a man to- Dy the policy obligation. ‘The commu day at the head of an American railroad who {s not a nity where the beneficiary rasides credit to the industry with which he is connected, and has the amount received by the bene- an asset to his country. : ficlary added to its aggregate wealth “The American people are today boss of the rafl- Thefe is no loss anywwhere along the roads. Let us honor these men, help them in the so- line, for each party to the contract from the agent who solicits and the lution of their difficulties, and make them fee! that iaaoal Pacaotnas Sere inaecito we are with them for progress and prosperity. Let 1,4 conrenudity toe vicki Sahel us back our railroad officers as the manager of a great cicry ig a part has been compensated. industry would get behind his department hends. Nt Gill be ‘ucwed: bp lesceaties (i “At every turn our railroad managers are hemmed there is a loss of the producing pow: fu by rales, regulations and restrictions which deprive of a life, where the policy matures by them of power to exercise their discretion, prevent the death, but this is an inaccuracy. When exercise of the sound business judgment which has * man dies, another takes his ae In. grown out of their long experience, and interfere with te Keane dertreaaers eat eat _ their long experience, and interfere with their doing notiay penpecty lous! tn’ both idee iin d acts which if done would contribute immeasurably to| Stances, there is only a partial or cor the restoration of prosperity. plete iixecoupment ta the the wisdom, judgment and experience! policyholder. conscientious railroad executive is set destruction of physical property ar he caprice of a railroad commissioner losses to the community which it is ss experience whatever. impossible to restore and for which make progress by hamstringing ability| compensation to such community, is ve, and no industry ever gave good serv- Se ae at ice long it wasn’t prosperous itself. ———_o—____ interests, individual! | The loss of time and the! to extend his estate beyond the life of the policyholder, and maintain its integrity, in spite of the certainty of death. It differs trom every other form of indemnity, because of its as- surance against the happening of a contingency certain to occur. A fire or accident policy may mature as a claim or may not, These forms of indem- nity are based on the probabilities of Accfdents, and the premiums are cal- culdted from the averiges of expert-| ®s to the individual maturity. In 1905, during the New York in- vestigations, and for several years following, the citadal of life insurance, then represented by the largost aggre- | gate of fiduciary capital which enter- prise and genius had ever accumu-| lated in a signie line of underteking, was attacked by legislation, by dem- agogues, by self-seeking and self-serv- ing interests of great wealth and by’ singular and ingenious malevolence. | The newspapers of this great country, ! the muckrakers in nearly all the mag-| azines, the statesmen big and little in| state and nation, and the president of | the United States, united in a senti-! ment of antagonism. Many persons were frightened away from the bene fictent and misused institution. At-! tempts were made in courts, in legis- latures, in congress, in combinations of wealth and by the most mendacious Propaganda ,to undermine and over- throw this tremendous fortress of pro-; tection. | It survived and stood forth after 2} ten-year war of utmost violence un-| sullied and supremely solvent. No Bank of England or federal reserve system would have maintained its fi-| nancial integrity against the attracks made on tne institution of life insur-! ance. Not one policy contract was) repudiated, scaled or postponed by rea-| son of this unparalleled situation. | This magnificent «demonstration of! the soundness of the principles, the ISIN Linens A big shipment of Linen direct from Ireland is just received. We offer Pure Linen Table Cloths, Fine, | Heavy Quality. 70x71-Inch, regular $7.00 value, =. See 20x20-Inch Napkins, to $ 5 50 e 71x90-Inch Cloth, $10.75 value, at__. 20x20-Inch Napkins to match, $11.76 Prine 99.40 72-Inch Linen Damask; nice. heavy qualities, $3.75 to $5.50 $3.45 values, all go at__... Napkins to match, $12.50 value, at_____....... $9 15 72-Inch Table Linens, heavy Sg / All Linen which we have carried stock, bought during the war, which match, $7.60 value____.. lar $8.60 vaiue, at DA oO match, $7.60 value at... BODO $9.00 value, at... 4D O safety of the trust funds, the perpstu-| 20x20-Inch Napkins to sold up to $5.00 the yard. ity of the organized beneficence which match, $7.50 value, at. e We will sell at one price____ American genius and human pre- J science devised and constructed, is the most phenomenal commercial fact in history. | When the United States became in- volved in the world war, the integrity of the life insurance contract was again assailed. Contracts based upon peace conditions without anticipation of war losses, were confronted with dire possibilities, bofore the armistice brought about @ cessation of the Siaughter of policyholders, a world: wide epidemic of influenza was expe rienced and the normal mortality o/ the companies was doubled and in 64x72-Inch Mercerized Linen at 75¢e “° 85¢e Longcloth, Nainsook, Batiste, Etc. CROSS BAR DIMITY LONGCLOTH Dinity, Soe ually ABC | Sie 2 $75 : 40c quality ate aomeeereeg uate for ___.33e cities <p BAT on as @ business enterprise and not a es up single contract was repudiated or a gSe pen 28e 15 boxes at this pri: 45e In passing, tt may be further re- ma-ned, that the government has dem. onstrated anew a fact long knuwn to the life insurance companies. ‘The fact that life insurance is not bought & but must be sold. The forty billions ‘written under the pressure of war op: portunities an@ conditions, has laps ed to much less than one billion in vol- ume because in the parlance of the business, the policies of life insurance taken by soldiers and sailors were not sold. The persona! appeal secures and saves the policy and protects the bene- fictary. Advertising, oratory and sta- tistics are Ineffictive unless they are followed up by the solicitation of the life insurance salesman. The Ufe insurance compantes of Am- erica with al! their aggressiveness have succeeded tn writing only about $27,000,000,000 of ortinary legal rs. serve life insurance. which means about 9,000,000 policyholders. These figures do not include some $9,000,- 000,000 of*industrial life insurance on perahps 7,000,000 policyholders. There are not less than 50,000,000 of tnsur- able people in the United States and every day a new host reaches the in- surable age. “The field is white unto the harvest but the laborers are few,” compared to the opportunities for suc- cessful soliciting. OARSENESS _ One-Fourth Off Regular Price on any iaesicth in regular NAINSOOK Qualities ap to 60ce—only a 35 few bolts at this price___.._ Cc Balance of Our Stock at One-Fourth Off. This Will Include Any of the Sheer White Materials Not Mentioned. Art Linens, Glass Toweling, Etc. ART LINEN Artcraft Embroidery Linen, natural Draweasy Art Linen, round thread, color, $1.50 oi $1.20 $2.50 $2.00 _ quality, at i quality —....... : Similar Reductions Throughout the Stock, Glass Toweling 40c quality 33 Cc Bordered Linen Crash pf een) RT SS Si es _ _33e for 40c quality 86c quality 2 835c quality = 8e for OR REI SOR seen All Brand New Goods, Wonderful Values at Pre-War Pricings, SheetsandCases | Black Hawk Sheets Seaton) sown, 5 coats i 72x90 Pequot 72x90 Sheets Visna| eH] — te P fen eat eh aa ‘ Pequot ‘Caiedg Black Hawk Cases to Match evn eth The distinctive characteristic of the life insurance contract is its power “My message, therefore, to the American people is = — that as a measure to contribute to the revival of pros- perity in our country, let us repeal all the laws we| heve placed on the statute books which repress initia-| tive, restrict enterprise, and dampen enthusiasm on| the part of the men in charge of our railroads. | “Let us make our railroad presidents feel that we regard them as honored public servants, and let us make every man engaged in the raflroad business feel that the public is behind him and wants him and his company to be successful and prosperous, | “Protect the public interest in every way that {s necessary; maintein such regulation of railroads as actual experience shows to be justified, but abandon all the regulation which is based merely upon political motive and popular prejudice. “Tf we make our railroad regulation non-political, restore to our railroad managers the power to exer cise ability and initiative, and make them feel that the public behind them with al] its force and en- ergy, the miracles that will be wrought in the promo- ti of prosperity will astonish the world. ‘We need a new era in dealing with our raflroads; and it is bound to come. Iam a believer in American railroads and in the men who run them, and I pro- pose as a measure of promoting the revival of pros- pe in this great land of ours, to do everything in + power to have these men receive that public sup- which they are entitled to enjoy.” aan eae eee eee’ WHAT IS “PROSPERITY?” “Have you ever thought of how the word prosper- ity is used?” asks the Boot and Shoe Recorder. “Most minds look upon the world as emblematic of plenty of cash, p we and extravagance. The way to look at it is the relative sense. The height of prosperity to the owner of a little home is the cancelling of the The steadily increasing tivity this Spring. BEAUTIFUL MIDWEST resent a loss of wealth. Dollars today are worth mortgage that makes the three-rooms-and-bath hie payments. per cent of their pre-war gold value. A year ag y pride and possession henceforth. He is willing to Mid i h were worth only 52 per cent. With his per capita al-; work, wait and save for such prosperity.” wes H lotment todey the aser possessing only $53.03 at ———o—-—_____- is t e1g: ts 65 per c vy, $84.46 pre-war dollars, whereas Room 233, Midwest Bldg. ther Arbuckle reel is running in San-Francisco.' d ree] is not d ing like the first one did. “S$. S.” Makes Skin Clear and Beautiful---Your Body Plump! OWN YOUR HOME! which to build homes indicates a great building ac- Select your lots now in the ____._ 45¢e | Towels Bluebird Pattern Turkish Towels, and Wash Cloths to Match. fowels tor _98C Cloths to 15€ match Results from Increase of ‘kish A Pree $1.05 | Hoven $1.00 sre large Turkish Towel, @E@ | $2.60 vatue ae” _ $1.85 : Barber Toweis, Fa bl de a 35¢€ pet det 85¢ ‘ur! Fowela 860 value st OC. | peryard et SBE All-Linen Huck Towels, \ $1.00 value ee Stevens’ Crash, natural color, 23e 40 value, a z ise Hundreds of Other Items in White Goods at Cost and Less Than Cost. Richards & Cunningham Co. THINK RICHARDS & CUNNINGHAM WHEN YOU WANT THE BEST demand for vacant lots on HEIGHTS. Lots sold on Realty Company Phone 1040-W