Casper Daily Tribune Newspaper, April 24, 1922, Page 6

be t 1 oa met Sasa se a ] “i Pes OVA. ~ A tra eo & POW: PAGE SIX be Casper Daily Cribune Issued every County, Wyo. TELEPHONES Publication Offices, Tribune Building. 15 and 16 BUSINESS Branch Telephone Exchange Connecting All Departmenta| Entered at Casper (Wyoming). Postoffice as second clasy matter, November 22, 1916. MEMBER THE ASSOCIATED PRESS Advertising Kepresentatives. Prodden, King & Prodden, 172023 Steger Bidg.. Chicago. ML; 286 ‘Firth avenue, New York City; Globe Bidg.; Bos- tem, Mass. Copies of the Daily Tribune are on file in the New York, Chicago and Boston offices and virttors are weicome. evening except Sunday at Casper, Natrona/ bonds out of the hands of the people.” propose to use strong arm methods later to force the If that sort| of declaration had been made. buyers of bonds would | have no reason to complain. The Board cannot pleac, ignorance of the effects of its action, for it said in its report for 1920 that it “has never failed to take| account of the consequences of its discount policies,” ard later that it “was prepared, as soon as the Treas- ury exigencies permitted. to resort to the well-known method of advancing the rate of discount.” The inquiry as to whether any one is giving sym-| pathetic thought to victims of the strong arm meth- ods, is easily answered. “During the campaign of 1920 Mr. Harding promised that in case of his election, he would do all in his power to bring Liberty bonds back to par. His first step in that direction was the appointment of Andrew W. Mellon as Secretary of| the Treasury. Mr. Mellon is the direct opposite of} McAdoo in almost every respect. McAdoo was al- ways trying to get into the lime-light; Mellon is quiet and reticing. McAdoo wanted his name printed on every document or bulletin or menu or poster is- sued by any bureau or board with which he was con- nected. Mr. Mellon cares not a whit for publicity.| Mr. McAdoo Imew little about finance; Mr. Mellon is one of the ablest financiers in the world. Every net of the Mellon administration of the Treasury De- partment has helped to bring Liberty bonds back to par. Besides putting an able man at the head of the Treasury Department Harding has helped restore Member Associated Press. The Associated Press is exclusively entitled to Ux use for publication of all news credited in this paper a 1d also the local news published herein, Kick if You Don’t Get Your Tribune. Call 15 or 16 any time between 6:30 and 8 o'clock p. m- {2 you fail to receive your Tribune. A paper will be de- livered to you by special messenger. Make it your duty to let The Tribune know when your carrier misses you. Sa” ol Not Our Party THERE WAS ANY DOUBT as to Mr. Harding’s farsightedness in declining to send a representa- tation to the Genoa conference, surely he has been vindicated in his wisdom by results of that confer- ence so far shown. It will be recalled that the prin- cipal reascn assigned was that the gathering was for political purposes and not economical ones. In pursuance of the traditional policy of the United States of not engaging in Eurcpean political entangie- ments the president held that the people of this country. desired no representation at the Genoa con- ference. Scarcely “had ‘the conference organized before this statement of President Harding was fully proven to be absolutely accurate. Like a thunderbolt from a clear sky came the disclosure of a treaty between Soviet Russia and Germany, political in its purpose and apparently designed to make trouble for all the other nations participating in the conference. Ac- cording to press reports, delegates from the other principal nations were stunned by the disclosure and doubts are expressed whether it will be possible to accomplish anything whatever at subsequent delib- erations. Whatever may be. the outcome of the situation presented by the agreement entered into by Ger- many and Russia, it is readily _to be seen that the United States has no proper place in the Genoa con- ference. solution. Certain it is that there can be no great progress or reconstroction in Central and Eastern Europe until there has been reached a basis of un- derstanding which will insure each of the nations against aggression by the others and permit them to disband their military organizations, discontinue their military expenditures and concentrate their re- sources upon restoration of the industries of peace. ‘This international assurance is primarily a political problem that must be worked out by the spokesmen of the different governments directly concerned. Only in a very remote degree is the United States interested in the political relationships between the different nations of Europe. Its interest is not so direct as to justify this country in becoming a party to the negotiations or agreements by which Europe- an differences are settled. This country stands ready now, as it always hes, to give friendly assistance to other nations in the settlement of their differences, if they see fit, by mutua! consent, to ask for such assistance and re- ceive it in a friendly way. If the United States were represented at Genoa it-would be a party to every con- troversy and would find itself arrayed against one group or another and arousing antagonisms which ywould make it fmpossible to be a factor in the pro- ,;motion of peace. The quarrels are not ours, and however much we might desire to see them ended in order that prosperfty and happiness may be restored in Europe there is no possibility of our being able to assist by becoming a party. Our first duty is to put our own house thoroughly in order and thus by our example show other nations what they might well do themselves, and stand ready, if invited, to assist in compromising or otherwise énding differences in which we have no personal interest and which we could, therefore, assist in adjudicating with unprej- udiced minds. There is no likelihood whatever that ‘the United States will officiously volunteer sugges- tions. Neither will it refuse, if requested, to aid in the role of an impartial and well-wishing friend to all eencerned. Strong Arm Stuff Oe OF THE FLOSSY Democratic political writers asks, “Is anyone giving a sympathetic thought to those unfortunate patriots who, in the hard pinched hours of the depression that accompanied the strong arm methods of deflation imposed upon us by our. financial mentors were forced to sacrifice their bonds at the distressing depths of their depreciation? After regaining our breath and recovering from our surprise, the only comment that can be made is— what an amazing question for a Democrat to raise in view of the common knowledge as to the identity of the “financial mentors” who used the “stron arm methods.” The Federal Reserve Board under Democratic administration, exercised the strong arm and admits it. On page 12 of its report for 1920, the Board says: “The Board was prepared. as soon as Treasury ex- igencies permitted, to resort to the well known method of advancing the rate of discount.” The Board calls it the “well-known” method, while the Democratic spokesman calls it the “strong arm” method. The Board had previously admitted that it helped the Treasury Department float the Liberty bonds at a low rate of interest, for it said: ‘From the outset, it (the Board) recognized its duty to co- operate unreservedly with the government to provide funds needed for the war and freely conceded that the great national emergency made it necessary to suspend the application of well-recognized principles a of economics and finance which usually govern bank-|the well-known bee family, including the collateral ing operations in times of peace.” ‘There was probably nothing fmprover in thus helping the treasury sell Liberty bonds, Lut the Board should have been fair enough to advise the public that it was only temporarily suspending application of well-recognized principles. The Board should have said plainly: “We are using legerdemain methods now to put bonds«in the harids of the people but we Undoubtedly the problems of Europe need} bonds to par by helping reduce government expendi- tures stecring clear of socialistic activities, and keep- ing the nation out of foreign entanglements. Every member of the Republican administration has had a sympathetic thought for the victims of the strong «rm methods of the Democratic regime. ~ More Government Ownership .((HAIRMAN LASKER of the Shipping Board, in a '/ recent statement, made emphatic two points. The United States is operating its merchant ships at a loss; and by competing with privately owned merchant ships the government is delaying the establishment} of an adequate privately owned merchant marine. In his statement Mr. Lasker says: “We find ourselves today with the government owning 1,442 steel ships aggregating 7.000,000 gross tons, operating 421 of these ships at an estimated cost to the treasury the coming year of $50,000,000, with 992 ships tied up; we find private operations as well being conducted at startling losses. “The purpose of government operation, as defined ‘by law, was to build up trade routes in order that the government ships might thus be sold with established good will to private owners. The very method chosen has worked to defeat its own purpose for in the up- building of those routes the government has opérated ships and in the operation of ships has driven its po- | tential customers largely off the seas. | “A method must be devised whereby the govern- | ment shall end its operstion and at the same time insure carriage of American goods under the American flag through private ownership as contemplated by| | the Jones act. | “Europe owes us, governmentally and privately some fifteen billion dollars. To pay in gold is im- | possible. The only way Europe can pay (to such extent as she may pay) will be in goods. In turn we must find new markets. These newer markets lie across the ocean; to the south in the Western Hemi- sphere; to the east, in China ‘and Siberia. It is the very need of trade in these markets that is the in-| spiration of the policy of the open door in the Far East.” | cu; Jp ed Burglary Insurance AY baie LEGAL DEPARTMENT of the United States says the court dockets show that the American people were swindled out of $140,000,000 last: year| by sale of bogus securities. Attorney General Daugherty says it would take one judge a million years to hear the cases and in the |= meantime a million new suckers’ cases would be filed for stock swindles each year. This type of swindler is called a stock burglar, selling questionable securities, getting money out o people by so-called promotion enterprises, and even bond sales. A very simple remedy for ignorance of values o: stocks, bonds, gold notes, ete. would be to have a tal! with a banker in whom you have confidence and who is naturally conservative. ce in business, and he is the only policeman against thi financial burglar. Pride in Your Citizenship RE YOU PROUD of your country? Are you proud of American achievements? Listen: There is no greater national institution than the American railway system, run by railroad men. The west has been built by the transcontmental ‘railroads. A little over a hundred years ago all the country (west of the Mississippi river belonged to France, Spain and No Man. Even in 1850 there were less than 100,000 peopl in this-territory. Today there are 10,000,000, Shacks have become skyscrapers. The desert has been mad. te bloom. Western industries serve the world. It was Lincoln who urged the construction o: transcontinental railways. He insisted that the gov- ernment icip to build “not-only as-a military neces- sity”"—as General Dodge had exid—“but as a means of holding the Pacific Coast to the Union” From this ideal of s United Republic came the name of the Union Pacific. Since the completion of the road. 58 years ago the West has won prosperity. The states have won solidity. The railroads have won the publie’s graitude. Today the nationalizezd transcontinertal rail. roads unite the East and West—boulevards of stee! for-passengers and freight. Takes a-Crack at Reed WILSON IS NO sooner out of a row with Mr. Tumulty than he gets into one with Senator Reed. Mr. Wilson had better get a pretty good grip on scmething immovable for his letter to a St Loni newspaper the Missouri senator is certain to bring the hottest retort Mr. Wilson has had t handle in a long time. The fear is growing in certain Democratic circle: that the ex-president has become a confirmed grouch. Just a peevish, disappointed old man completely soured on the world, who has brooded over his physical and political troubles so constantly that he has become a nuisance to his party and to his few remaining friends. > Is Conan Doyle telling us the truth when he says he is only “making a raid on American Skepticism.” If so, he is the first foreigner who overlooked the box-office receipts while operating raids in America. ————— es The present season promises to be a busy one fo! brancnes, honey, bumple and political fi SE Spinach is said to inspire fighting qualities. Ex. ception to prove the rule is found in the Russian army during the war. ote a Hotel rates at Genoa are truly American and tha‘ is about all the representation we have at Genoa. |into the finis: Ebe Casper Satly Cridure WRITE A SEQUEL, JOE, WHILE IT’S HOT PACA EXCUS [7 PLEASE,~ HE KICKED THE L OUT OF TUMULTY Westward the Star of Empire ‘The manufacturing industry of the! 22. times as much as a, half century United States is slowly moving from| earlier. the place of its beginning, the Atlan-| |tic frontage, toward the great interior | Manufacturing industry is chiefly into which produces the bulk of the manu-|*" Mississipp! valley which, produces facturing material and the fuel with! which it is assembled and transformed | | ned fofm. The area oc-|COUntrY, and also the bulk of the fuel yfinnesota with Its own coal and la- — MONDAY, APRIL 24, 1922. manufactured form,|nearty $2,000,000,000 against a quarter earlies. tondition to pushes its 1920 census figure up io! ot a billion 20 SESS No THANK You,- | Don'T CARE ments of the Atlantic frontage in 1919 was 11 times as much, in values. as 50 years eazlier, while the outturn of the other parts of the country was 000,000 in the census of 1390 to $5,425;- 000,000 in the census of 1920. Michi- gan, with its great automobue manu- facturing industry, advaness from $320,000,000 in the 1900 census to $3,- 466,000,000 or ten times as much in 1920 as in 1900; Indiana, with the aid of its natural gasfuel, increases its output. of /manufactures from $337,- 000,000 in 1900 to $1,899,000,08¢ tn the 1920 record; Ohio, which combines the copper and iron of Michigan and This westward movement.of the most of the cotton and wool and iron and copper and lead and timber of the ying the Atlantic frontage from|With Which it is moved to the great|hor, advances from $749,000,000 in the ne to Florida, the birthplace of our! ufacturing Industry, New Eng-| fact: land, the Middle states, the District of | Population, Sat are ttis ailies tear eh Columbia,: Maryland, Virginia, North| and South Carolina, Georgia, and Flor- ida, produced in 1919, ‘the latest cen-| ears, and the other. sections of. the sus year, slightly les# than one-half |bf the ‘manufactures of the country logainst more than two-thirds a haif Stated) statistically,|manufactures occurs in the Minstssip- ntury earlier, the 17 states of the Atlantic frontage supplies 68 per cent of the ‘manufac- tures recorded by the census of 1870, | 56 per cent in 1900, and 48.7 per cent | Manufacturing ‘The total out-|Plentiful coal supplies, the census of 1926. there In manufacturing centers and 1900 census to $5,100,000,000 in that of transformed into manufactures. 1920. New York, which still shows a bigger total of manufactures than any other state, advances from $1,872.000,- 000 in'1900 ‘record to $8,867,000,000 in the -1920 “census; Pennsylvania ad- vanced from $1,650,000,000 in the 1900 census to” $7,317,000,000 in 1920; and Massachusetts from $908,000,000 in the 1900 census to $4,001,000,000 in that of 1920. The scuthern states, riow trans- forming their cotton and iron and tim- ber into finished form with the use of their own fuel, also show big gains, while California, with its sugar andj facturing, the Atlantic states show an increase of 137 per cent ‘inthe last 60 jcountry an increase of 205 per cent in the same period. Most of this increase in outturn of Pi valley and especially in the states adjacent to the Great Lakes. Illi- nois with its great fron and steel establishments and increases it: output of manufactures from $1,120, 146 S. Center St. Phone 1750 M&O — sale So—save while you smoke and you can smoke ore and Ore Sale Starts Monday, April 24 M. & O. Foil—Regular 2 for 25c_________ 10¢ As many as you want. Mr. Sell Em, Pep’s partner, just bought several thousand. M..& O. Regular 10c size___t_tmun.._2 for 15¢ As many as-you want. Mr. Sell Em, for the People, just bought ’em at a discount, The Boss says—“Popular Prices will satisfy most people—and satisfied people can build a wonderful city.” Cash Talks better than BILL Shakespear —and BILL had a way all his own. PEP’S"sDEPOT = FRESH Shipment just received” A Sale to the People at Prices for the People. Prices Eternally Popular AAA Institutions for the People Be Denver Post 251 S. Center St. Headquarters Phone 256 C. M. GUNNISON, Mgr. gum delights young and old. It “melts in your mouth” and the gum in, the center remains to aid digestion, brighten teeth and soothe mouth and throat. There are the other WRIGLEY friends to choose’ from, too: Simply prepare your whole meal and place it in the gas oven and set me for 275 degrees, then you may enjoy yourself for four or five hours at golf, visiting or auto riding and on your return I will have the whole mea! deliciously cooked. Your servant, LORAIN. Cars of Casper Gas Appliance Company — 119 East First Street Phone 1500_ VACATION TIME. Is Here—You Need a Car. Let’s Go Fishing We Can Help You Out—Call and See Us. | New Cars, Also Used Cars. HUDSON MARMON ESSEX