Casper Daily Tribune Newspaper, May 3, 1922, Page 6

——— essen bees PAGE Six fhe Casper Daily Cribune Imwued every evening except Sunday at Casper. County, Wyo. Publication Offices, Tribune Bu z na 16 «BUSINESS TELEPHONES ....- en<ss-+- 16 and rs Branch Telephone Exchang? Connecting All Departments Natrena ading. Sntered at Cesper (Wyoming), Postoffice as second class Al bi —~ Sovember 22, 1916. ‘ MEMBER THE ASSOCIATED PSESS President and Editor 3. BE. HANT y. ager EARL E. HANWAY . Business Manag W. H: HUNTLEY ~ Associate Editor & E. EVANS City Ear THOMAS DAILY .. ‘Adverusing Manager Advertising Bi n, King & Prudden, 1720-23 Steger 4 Hiker Firth avenue, New York City, Globe Bldg - = " Mass. Copies of the Daily Tribune are on file in New York, Chicago and Boston offices and visitors are weicome. SUBSCRIPTION RATES By Carrier One Year .. Sx Months accepted for less period than amd the "All fubscriptions must be paid in advance Dally Tribune will not insure delivery atter subscrip- tion becomes one month in arrears. Member of Audit Burean of Circulation (A. B. ©) ption by mail three months. The Associated Press is exclustvely mee for publication of all news credited in this paper also the local .ews published herein. s Don’t Get Your Tribune. canwerie aay 6:30 and 8 o'clock p. m. $f you fail to rece Jivered to you by special inesser let The Tribune know when you A paper will be de- Make it your duty to jer misses you. A Public Disgrace 1 lye CITY COUNCIL of the City of Casper had iL better forget the proceedings of Monday night as quickly as possible and apologise to their constit- uents for being a group of the most consummate asses for one consecutive evening the world has yet known. And as an antidote~for that foolish feeling which now possesses them the members might ty paying serious attention to the important business Yor which the people of the city selected them. ding from start to finish) Tt was a disgraceful proceeding Aooet| scarcely to be expected from grown men. A end care chow of the same character will justify a massmeeting of the citizens of Casper who will not ently walk into the city hall and demand the resigna- tions of the members who have shown such scant respect for the dignity and good order of the business they are attempting to transact, but will throw the offending members bodily out of the municipal build- ing. = yublic is thoroughly wise to the aims and ob pa the members creating the disturbance and it is very safe to say that a realization is impossible. And/ their wisest course will be to give the best imitation they can of public servants serving the public. Fallacious Argument ‘TOR ARTHUR CAPPER, of Kansas, speaking on the pending tariff bill in the senate. says: “One ef the stock arguments of neater ees opposing tariff legislation is that if we give our aes and ezriculture the protection they need Europe cannot pay her loans to this country. I wish eo say frankly that if the price we have to pay for our foreign debts is the destruction of American agri- culture and industry then it would be better if these debts were never paid. Why should we ruin our great business, the very foundation of our wealth, to make it easier for our debtors to pay us when they or. their part are not leaving a stone unturned in protecting their own interests?” This a ecactey in line with Mr. Frarding’s expres- ‘sions in his annual message to congress in December. In that portion of the message which touched upon the tariff the president said: selfishness to seek to save ourselves. We seck to undermine for others no industry by which ihey sub- sist, and we are not obligated to permit the under- mining of any of our own which make for employ- ment and maintained activities.” At another point in his message President Harding said: “It is nat to be argued that we need destroy ourselves to be help- ful to others.” It is well that this thought be kept to the forefront throughout the tariff discussion upon which the senate is now entering. The free trade influences are con- tinually harping upon the alleged unwisdom of build- ing a protective tariff-wall around this country upon the theory that to do so will prevent our European debtors ever making enough to repay us or ever becoming sufficiently prosperous to buy American goods. ‘The fallacy of this is at once apparent. If we destroy our home industries by permitting home mar- kets to be exploited by foreign industries we thereby do two things. We destroy our productive industries and if we carmot produce we certainly cannot sell. At the same time, by destroying our industrial pro- ductivity, we directly bring about the unemployment of millions of industrial workers. This absolutely destroys their ability to buy either of the importer, the home manufacturer or the American farmer. Therefore, to permit our home market to be flooded ‘with foreign goods which are sold in this country at n less price than they can be produced in this country, is to destroy both our ability to sell and our ability to buy. The logical and inevitable outcome of such a policy would not be the enrichment and upbuilding of Europe but would be the impoverishment of the United States, the dragging of this country down to the economic level of Europe. Financing Europe Tj\HOSc WHO ARE insistent upon the United States becoming actively identified and intimately associated with European conference commissions and other or- ganizations that would entangle us with European affairs, argue that not to do so constitutes an eco- nomic desertion of Europe at the time she needs financial help to place her on her feet. It is further argued that unless this financial aid is extended the economic reconstruction of Europe will be perilously not altogether prevented. ‘The best because it is the most conclusive answer te the charge that the United States has deserted in the hour of her economic distress is the record of the New York bond market. This record shows that Europe in common with the rest of the world is being financed by Americans, In 1921 for- eign governments and foreign corporations negotiated Joans in this coutry in the aggregate sum of over $650,000,000. - Loans made to foreign governments! and foreign corporations between the armistice and| 1921 would bring the total to well up over $1,000. 000,000. ~ The year 1922, if the record up to date is main- tained throughout the year. will witness American loans to foreign countries and corporations well in excess of $1,000,000,000. Since the first of fuch loans have aggregated $370,000,000. “Tt is not an unworthy). the principal foreign loans floated in the United States since January 1. 1922, are: }_ The government of the Dominion of Canada, $108,000,000. Greater Winnipeg Water District {a carporstion constituted by a special act of legislation of the prov- | ince of Manitoba. which owns and operates the water supply system of the city of Winnipeg), $4,000,000. City of Edmouton, capital of the province of Al- berta (Canada), $$2,000,000. Paulista (Brazil) Railway company, $4.000,000. Paris-Lyons-Mediterranean Railways, $19,000,000. Government of Dutch East Indies, $20,000,000, Holland-American Line (Holland-owned steamship Chicago. |.corporation, which in turn controls the United Nether-/ lands Navigation company plying between“continental Europe and the Dutch East Indies, British India, Aus- tralia and Africa), $30,000,000. Grand Trunk Western Railways (Canadian corpora- tion), $1,790,000. Canadian Paper Board company. $800,000. Kingdom of Netherlands, $75,000.900. City of San Paulo (Brazil). $4,00v,000. City of Montreal, province of Quebec (Canada), $1,000.000. Covernment of the Argentine, $27,000,000. Liidi Railways company (France), $25,000,000. Province of Manitoba (Canada), $2,250,000. Canadian National Railways. $11,000,000: Dutch East Indies government (sinking fund bonds), $40,000,000. Province of New Brunswick (Canada). $2,000,000. Paris-Lyons-Mediterranean Railroads (sinking fund bonds). $30,000,000. Government of Newfoundland, $6,000,000. + City of Toronto (Canada), $500,000. City of Soissons (France), $6,090,000. Province of Ontario (Canada), $15,000,00. Dominican Republic, $6,700,000. Czecho-Slovak Republic, $15,000,000. Canadian General Electric company, $5,000,000. State of Queensland (Australia), $10,000.000. City of Brisbane (Aust-aiic). $5,000,00¢. Melbourne (Australia) Electrical Supply company, $2,500,000. Fra-American Industrial company (a subsidiary of the Schneider Ordinance and Steel Plant, France), $10.000,000. The above is a list of the largest loans which have tions by marketed in this country and abesorbed by the Amer- ican people. In addition to the above it is said in reliable financial circles that plans are about perfected for floating loans in this country for the Polish gov- ernment, the German government, and one or two other European governments. Those who have steadfastly opposed the government of the United States participating officially in any European conference, whether it was styled political or economic. have never cbjected to the private finan- cial interests of the United States financing any of Europe’s legitimate needs. In fact, it is the viewpoint of those who are opposed to this government's official participation in European affairs that the finsncial rehabilitation and economic reconstruction of Europe must be brought about not through governmental agencies but through private financial interests. This is the way it should be brought about, for it is certain that before Buropean countries and their respective domestic interests are financed by private capital Furope must set her house in order, balance her bud- gets, reduce the output of paper currency and other- wise so conduct her financial and economic affairs that her bonds and other securities will have a real value. Private funds are not going to be invested in any other sort of securities. On the other hand, if the United States should undertake directly or indirectly as a government to underwrite Europe, her fresh extensions of credit would be treated as a gift rather than as | bu: transaction and would encourage European countries in their reckless expenditures. Moreover, if the United States were to attempt as a government to underwrite European nations it would inevitably be- come involved in all sorts of European politics and be compelled to align itself with one or the other of the alliances and groups of nations which are striving for political dominance in the Eurovean continent. The data above cited is sufficient and conclusive proof that it is not necessary or the United States gov- ernment as a government to “sit in” at any European conference in order that the legitimate needs of European governments or European corporations may receive financial recognition and support in the ‘United States. All that is needed upon their part to secure necessary funds in this country is to show they are worthy of such support. The big fact is that even now the United States is financing other nations at a rate of about $100,000- |000 month. In view of this the talk about our | deserting Europe” and “refusing to play our part in | rebuilding the world” is sheer nonsense. | Depression Waning ))\UGENE MEYER, managing directar of the war | 44 finance corporation, recently made a trip through the agricultural and livestock sections of the United States which carried him to the Pacific coast. His conclusions are that “the severe and unprecedented depression which dealt such a blow to the agricultural interests is in some sections of the country a thing of the past; in other sections it is rapidly ing; and) everywhere hope and confidence are taking the place| of despair which six months ago was so widely preva- lent.” The work of the war finance corporation in enab- ling the smaller country banks to carry their farmer customers for a longer period has been a vital factor in stopping forced liquidation. Funds are accumulat_| ing in the western banking centers which in general appear to be adequately taking care of the needs of farmers. There is a noteworthy Increase in the de- mand for farm mortgages on the part of private in- yestors, savings banks, life insurance companies and similar investment institutions. Mr. Meyer makes a number of specifications and recommendations looking to the improvement of the banking situation in agricultural districts and the development of ‘a more adequate system of agricul- tural and livestock financing. Summarized they are as follows: (1) Enactment of legislation specifically author- izing the organization of institutions to rediscount the paper of livestock loun companies, and the estab- |Tishment of a system for the more adequate super- vision and inspection of the livestock which furnishes security for the paper. (2) Frank recognition of the need for the orderly. marketing of our agricultural products in a more gradual way and over a longer period and the adjust- ment of existing banking laws and regulations with | this end in view. | (3) Establishment of a rediscount ¥acility to make it possible at all times for co-operative marketing jorganizations to obtain adequate funds for their | operations. ‘ | (4)_ Extension of the powers of the Federal Re- serve Banks to include the purchase in the open mar- ket of eligible paper secured by non-perishable agri- cultural commodities. properly warehoused. (5) Encouragement of state non-member banks to enter the federal reserve system, and reduction of the year; minimum capital required for admission to the sys- Among tem—admission in such cases to be conditioned upon City of Rio Janeiro (Brazil), $13,000.000. | Province of Alberta (Canada), $3,000,000. | been made to foreign countries and foreign corpora-| merican financial interests, the bonds being) ess | Che Casper Dally Crisune | A BAD TIME FOR SECOND STORY WORK TiS 7 3 i | j j af. an undertaking to increase the capital to the present minimum of $25,000 within a definite time. (6) Amendment of the National Banking Act to permit a limited amount of branch banking within a radius of the parent irs-itution. (7) Extension until January 1, 1923, of the period during which war finance Corporation may make Dressin’ Up eee, Gee whiz! I hate to hear ma call: dressed!” An’ have to quit my play, an’ wash ‘An’ dress up in my Sunday best. “Te lata your tine suit out,” says ma,| t will be readily “Your Bton "ar an’ your tie!” “A stiff white collur.—have « heart. Aw, must I wear ft, ma.” says I. An’ ma, says, “Yee—go wash, now quick! An’ let me see your ears an’ neck ‘When you get through—wash clean!” “4 Says I But when I go an’ show how clean I've washed ‘em, ma says, “Mercy me! | wey Sam, they’re black—they"ll never do, They would disgrace the family!" “Aw, ma! that 's sunburn—that ain't dirt, Honest. takes The wash rag an’ she scrubs an’ “Here comes the sunburn off- iy ain't!’ But ma, she cakes!" “An’ don’t forget your naits,” she says, “An’ brush your hair an’ brush your hat— An’ brush your teeth an’ brush your shoes"’— “Ge, do I have to brush all that?” Wisht I could tay my fingers on The feller that invented close, An’ dressin’ up! Jist wish I could:— You bet I'd bloody up his nose! —Roselle Mercier Montgomery. Concerning the Unattached School Teacher Editor eTribune:—I® speak for those unfortunate teachers of C have failed thus far to take “the jour- ney along that delightful route that leads to bliss” and happiness and thus become permanent and valued citizens of Casper. Some of us have been here for three years and admit that we have failed ingloriously to meet our fate. Yet we do feel that without a marriage certificate and without the aid of a husband, our services in the school system here have been efficient. ‘We like our attractive salary as well as any worker likes an attractive sal- ary but wo know we have rendered value received and our conscience is clear. We do not wish, however, to join lin the public controversy. Far be it from us temporary citizens, strangers wintering in Casper, to enter into pub- lice affairs. But we ask for informa- tion only—is it to be understood’ that there is a movement being advocated to offer us a bonus, or a life-long posi- tion in case we get the Man? Per- haps if we are assured of a job, plus an attractive salary, plus a reception among Casper’s permanent citizens, we can persuade some tender-hearted man to take us. A single, but hopeful ‘TEACHER. S—We all pay our poll tax. per who P. Answering the young Jady’s ques- tion: Although no announcement has been made it is understood that the board has under advisement a plan to deed to each single tdacher committing matrimony while employed in the Cas- per district, a bungalow built for two, to which may be readily added units as occasion demands. ‘The title will rest in the wife and the only obligation or responsibility the husband assumes is to fire the furnace in summer and mow the Jawn in winter. Upon taking the important step the salary of tho single teacher is in. creased 25 per cent. This goes to the new husband as pin money and he is not required to render an itemized ac- Items marked “sundries” will be accepted and checked. The teaching job is permanent for a period of ten years, and if within that time it is demonstrated to the satisfac- “It’s time to go now--come, et) tion of the board that the teacher in- vaded tho lemon grove in her search for orange blossoms, uhe is to be sult- ably pensioned for life. out the single teachers, at present #0 important a part of the Casper school system, Casper scenery would be flat. loans (1) to co-operative iucrketing organizations and livestock loan companies where it appears that they are unable to obtain adequate financing at reasonable rates through other channels, and (2) to banking livestock paper in exceptional cases and where it appears that the public institutions on agricultural and interests will be served by such action. once a beautiful school teacher—al. ways a beautiful school teacher. can all enjoy her. admitted that with- Widow-burning, now virtually ex parts of Africa. mi rm Ht WHT Hi WH HAH iAH il i : i‘ HM init Single-Six Seven can be neither question nor quibble concerning the value of thisnewPackard Single-Six. It is value outstanding and in- controvertible, which will set you seeking in vain for something comparable. It is value expressed in a richness and dignity of embellishment sur- passing the utmost you have stale and unprofitable, as Mr. Shakes Peare would put it, still, with all ot them married, there would be no de-} traction from the scenery, because And when she is married she has the addi- tional charm of permanency, so we tinct in India, is said to exist still in i | The Miils Bond Issue | Editor Tribune: We appreciate the favor extended by the Tribune in per- mitting; us to explain our reasons for opposing the $70,000 bond issue for water works for the town of Mills. The interest on these bonds for the thirty years which they are to run will amount to several times of the amount of the principal, and it is un- fair to saddle any such debt upon the next generation. We agree that Mills ought to have a domestic water supply but $70,000 is too gerat a price to pay, more es- pecially since the taxes must come from refinery workers who get only sufficient wages to supply the bare needs of their families. wages is the only revenue the people of the town have at present. We were told last night that only those owning property in a private corporation could vote a bonded in- dedtedness upon that corporation. And strange to say the same legal gentleman told us in the next breath that any qualified voter could vote a bonded indebtedness un a municipal corporation. This looks like taking property without due process of law. Let’s be good citizens as will as good fellows and not vote for or against this bond issue unless we have 4 valid deed .o some real prop- erty in Mills. Our lady candidate for mayor de servous our enthusiastic support, Jet's give it to her and help put her over and prevent the proposed unwarrant- ed extravagance. OPPOSED TO BONDS. Mills, Wyo. Europe Needs Her Own According to a report just made to Secretary Davis of the department of labor, by Dr. John Constas, who has made an investigation of European conditions, all nations in Europe with the exception of Italy, would be bene- fited by a very severe restriction by the United States immigration from those countries. Dr. Constas states that with the exception of Italy there ia a great scarcity of laborers in every country in Eure, The tremendous x:-- << man power during the war coupled with the vast amount of reconstruction work which is necessary, as well as the need for more men to till the soll and increase the food supply of Europe, makes it necessary for all Europe to retain Its man powers if it is to experience eco- nomic rehabilitation. Dr. Constas says that generally speaking, wages are proportionately higher even at the present rate of exchange than they were before the war and that tho la- | boring classes of Europe are better oft than they were,in pre-war days. Ac- cording to Dr. Constas, European countries are not desirous of their peo- ple emigrating. This statement is afforded substanti- -|ation by the figures issued by the bu- reau of immigration. These figures show that the outward tide of emigra— homeland. In the eight months entling March 1, this year were only 6,000 immigrants had arrived while in the same period 25,000 hed left this country for Pal- and. Among other nationalities wheve emigration exceeded the immigration to this country were Eoberntanr, (Czechs, Bulgars, Serbs, Greeks, Ita!- fans, Lithuanians, Portuguese, Rou- manians and Spaniards The nationalities and races whose - gration bas greatly exeeeded the de- partures are the English, French, Ger- mans, Hebrews, Irish, Scandinevians, Scotch, Mexicans and Slovaks. The Past Voice Lee De Forest has invented « mov- ing picture film on which he claims he can photograph the tumazf voice. —News Item. Oh, veracious voices, * You no more rejoice ‘Things that can be Buthe, although you Rumbled, roared, and New if you but clang Ptop! then all shall Keep the course or shake ft, Should be treated well. —Gene Martin, Casper, Wyo. Transmutation - The dark Gay dies—but lot Tipon its cheek the glow So Grief our flagon fille With dark and bitter wina, And presses to our lips The cup of Joy's eclipse; Yet when the morn appears, Behold, instead of tears, A nectar bright, divine, The gods pour out for men, And bid them laugh again. | ie i} it i} HN HA Passenger Touring always counted upon in Packard. It is value exemplified in a bril- liant virility of performance which can only be described as Packard functioning at its finest. aeetie It is value so emphatic and unmis- takable as to inspire almost instant eagerness for ownership among those who appreciate highest class. The price of the new Single-Six five passenger touring is $2485 at Detroit The new price of the Twin-Six touring is $3850 at Detroit JOE E.MANSFIELD, hic. E. Yellowstone and Kimball ASK THE MAN & WHO OWNS cars of the Phone 346 PACKARD ONE