Casper Daily Tribune Newspaper, June 30, 1922, Page 6

PAGE SIX { Che Caspet Dailp Cribune sued every evening except Sunday at Casper, Natrona me Offices, Tribune Building. t y. Wyo. Publication | S TELEPHONES ...........-..-. 15 ana 16/ sanch Telephone Exchange Connecting All Departments} | tered at Casper (Wyoming), Postoffice as second class matter, November 22, 1316. —a MEMBER THE ASSOCIATED PRESS . Prestiert and Editor = HANWAY ARL &. HANV bu H. HUNTL E. EVANS HOMA. ¥ Advertising & Prudden, 1720 . New York City; Globe B' Daily Tribune are on file in ‘and Boston offices and visitors} welcome. SUBSCRIPTION RATES By Carrier 90| safeguard of society and surely the Herrin union All scriptions must be paid in advance and the : not insure delivery after subscrip- {n arrears, tel aireeninee Hemera 2. . Member of Audit Bureau of Circulation (A. B. ©) Member of the Associated Press. Associated Press js exclusively entitled to the nets credited in this paper and hed herein. Kick if You Don’t Get Your Tribune. Call 15 or 16 any time between 6:30 and § o'clock p. m. © your Tribune. A paper will be de-| ial messenger. Make it your duty to) ‘Approaching an Understanding THE NEW_YORK papers are still arguing earn-| estly—(a) That the St. Lawrence project is} ead. (b) That it must be killed. The Tribune in the last few days has taken the lead with several special articles to show that the joney ought to be spent on the Mississippi, the Jhicago drainage canal, and other enterprises, and} hat no money ought to be spent on the St. Law rence project because it is impracticable. The World argues in a series of editorials that while Canada is waiting, New York should improve ts harbor facilities and show that the lake-to-ocean route is quite unnecessary. | The New York Evening Post takes a wholly rea- sonable view: ‘ “International boundaries ought not to enter into the question. If the waterway proved all that is claimed for it it would benefit our western states more than Canada’s western provinces; it is the duty of both countries to investigate it without} jealousy.” The Evening Mail recognizes that “such a water- way must come in time,” but argues that it should be entirely within the United States, and adds this conclusion to which every man apd woman inter- ested in the lake-to-ocean project may heartily subscribe: “Tt is time that the best braing of all sections got together to work out a comprehensive program which would link up a system of co-ordinating rail and water ways that will meet all the demands of the future. The problem should he approachéd from a national, rather than a secticnal, point of view, and in this way the best interests of all sec- tions will be subserved.” And the Brooklyn Citizen makes a square de- claration: “The truth is that the (lakes-to-ocean) canal will ‘be of great advantage to Canada as well as to the ‘American cities on the upper lakes with Chitago at their head.” ——_—_—_o—____ The Elementary Principles UEP Renee of politics and almost without exception, the press of the country, has con- demned the brutal murders in Williamson county, Tilinois,” says the Cheyenne ‘Tribune. “Almost without exception newspapers, minis- ters, representatives of other professions and busi- mess men generally, condemn violence resulting di- rectly or indirectly from strikes. “Because of this fact it is not unusual for radical leaders to criticize the press and others similarly situated and charge them with being partisans of capital or of employers. Of course that is an un- fair citicism. “The position of the newspaper, for instance, is a very natural one and it is in hormony with the position of most lawabiding citizens or institutions. ‘The man who owns or manages a newspaper, learns that there is no compulsion about his business, If the individual is dissatisfied or can do better else- where he quits work and goes there. The publisher knows that he cannot compel people to subscribe for or read his paper. He knows that he cannot compel advertisers to use his columns. He under stands thoroughly that if the pay roll is not forth- coming, the employes will not work. He knows that up to a certain point if his credit is good he may be able to borrow money at the bank or purchase @atcrial on time, but he knows also that if he does not eventually pay his notes with interest or meet his current bills he cannot get money at the bank or material from manufacturers or others. “Fie knows that he cannot combine with other newspapers and force people to work for him if they do not want to nor can he find any organiza- tion that is able to compel people to read his paper, bankers to loan him money, or szpff%y houses to furnish material if he does not pay. “In short, he finds that he must observe certain rules, certaim ethics and certain laws which govern individuals and firms in their relation to one an- other and the public. These are well established and so in harmony with natural laws that he ex- pects nothing else. “Knowing that he cannot through persuasion or argument or intimidation make his business suc- ceed if the elements of success are not in it, or if he is not wiling to work or willing to pay, he knows further that he cannot take a club or a gun and| force some one to work for him or to read his paper| or to advertise in his columns, and he knows that the same general rule applies to the’ merchant, who! has no method of compelling people to buy his goods .to the exclusion of the goods of some one else. “Therefore, it is the most natural thing in the! world when labor, organized or unorganized, seeks | to do things outside the laws of society or nature,} or says the labor of this man shall be employed to the exclusion of any other man, that such action should be criticized. “The business man may believe in organized la bor, he may be an employer of unorganized labor, but he knows that the union must play the game ye FARMERS at Powell are employing tur- key according-to rules. If it cannot win by the justice of its cause, the worthiness of its efforts, the cor- rectness of its intentions, the quickness of its wits, and its general resourcefulness founded in right jand justice it simply is in the same position as an employer who has failed. ™ “That is all there is to the unanimity with which the newspapers or professional or business man condemns outbreaks such as that which occurred at Herrin, Ill, or may occur in any prolonged strike in which large numbers of men are in- volved.” Our contemporary has made a very plain, com- prehensive and logical presentation of the situa: tion, and one that can readily be approved by all responsible, thinking citizens. No person, however into his own hands. Obedience to the law is the miners in their sober moments will not deny the one principle, that their fellow man has a right to earn his bread. This was the point upon which} the whole circumstance hinged. When we are de nied the right to work and to eat, then it is time to sce who forbids it. See Et Index of Business Prosperity ANKING PROSPERITY it is commonly as- sured bears a well-defined relation to general business prosperity. A study of the condition of the ks of the country, compared by geo- ‘graphical districts should, therefore, give some }mportant indications of the relative position of the business cycle in different types of commMunities. The movement of certain items in the combined resource and liability statements of banks is indic&tive of the general condition of banking. Important among such items are loans and discounts demand deposits and borrowings. Loans and discounts significantly reflect bank as- sistance to the business community. When busi- ness is active, expanding loans and discounts are expected. It is obvious that in a credit economy such as our own a relatively large amount of bank assistance is needed when a relatively large vol- ume of goods is being regularly produced and mar- keted. But it does not follow that loans are or can be reduced in proportion as business activity declines. The recent movement of loans and <iiscounts would seem to indicate improving business candi- tions in some communities prior to the call of last March. For instance, loans for reserve city banks in the Pacific region have recovered considerably since last September, and slight improvement in cities of New England, the middle west and the south can be read in the figures since the end of last year. It is a well-recognized fact that there is a close correspondence between the geposits and loans of commercial banks. A loan to a customer in most cases tends to swell his deposit account proportion: ately. In time of economic stress and readjustment it is not uncommon to find the relation erdinarily obtaining between deposits and loans considerably wrenched. After June, 1920, deposits began a con- siderable decline—a decline which has been greatet than in the case of loans. Little difference between the progress of decline in city and country banks is observable, though it is noteworthy that the decline among the country banks began earlier and has been somewhat more consistent. In some districts among the city banks, the recession has been inter- rupted by temporary recoveries ,particularly in the eastern district, which includes New York. No doubt this difference between city and coun- try banks was largely due to the relatively greater activity of trade in cities, by which the flow of de- posits tends to be maintained even in depression and thus provides the means for meeting with- drawals of funds and maturing obligations for money borrowed. On the other hand, country banks had relatively small amounts of cash coming in by way of current deposits and loan payments once the period of deflation was under way. With regard to the recent movements of-the de- posit figures as an index of business conditions, the conclusion seems plain that there has been more im- provement in the cities than in the rural districts. On the whole, demapd deposits in city banks have been increasing for the last six months, which is not so generally the case among country banks. The Harvard curve began about ten months ago to indi-. cate improved business conditions, and city deposits seem to have followed suit after a lag of a few months. On all sides is heard the statement that conditions in agricultural communities are improv- ing. Perhaps an increase in country bank deposits can be expected to reflect this within the next few months. ‘The increase of bank borrowings for months after the depression began is indicative of the strain imposed upon the banking community in meeting the demands of liquidation. Indirectly such an ex- pansion of borrowings evidences the desirability of a banking system which keeps power in reserve to meet such unusual shocks. The hardship that the period of liquidation has occasioned in agricultural communities is directly reflected by the relative borrowings of banks in such communities. Borrowings of banks | imereased up to the end of the year, 1920. More- over, the decline of their borrowing since that time | Ee outrageously injured is justified in taking the law} be Casper Daily Cribune Needs Competent Business Manager ‘The Goshen Hole News in reporting the visit of Hon. John W. Hay to that city says: “Among others of state wide prom- tmence who honored Yoder with their presence during the rodey was Hon. John W. Hay of Rock Springs, can- @idate for governor of Wyoming on the Republican ticket. “Mr. Hay occupied a seat in the grand stand Saturday afternoon and was accompanied by Chas. 0. Down- ing of Torrington, P. O. Martinussen of Yoder. Other well known Repub- licana joined the group from time to time. “In order-to be present Saturday Mr. Hay had found it necessary to make-a 250-mile-auto drive the night before snd came here from Cheyenne Saturday: The strenuous drive, how- over, did not take the ‘pep’ out of him and while he made no public speech he dinoussed freely problems confront- ing the government, both state and national, in a vigorous manner. “Mr. Hay impresses his hearers! with a strong forcefulness of charac- ter. He looks one in the eye and as- serts he is making the race for gov- erner on-a platform of retrenchment and tells why taxes should be low- ered and just how he proposes to re- lieve the people of burdensome taxa- tion, without in amy way retarding the progress of the state. Briefly, his plan is to eliminate some of the state commissions and bureaus, perhaps do- ing away with some entirely and con- sotidating others where the work can be harmoniously done, thus saving a portion of the expense of running the state government. “Wurther, Mr. Hay says he is going to-win-the nomination in the primaries and that he is confident of being elected governor. He has gotten into close touch with Republicans in vari- ous parts of the state and has re- ceived such assurances of support that he is convinced he will have a healthy majority at the primaries on Au- gust 23, “Mr. Hay has made a success of business. It is therefore not surpris- ing to hear him assert that the head of this great state should nét be sim- ply @ governor—he should be a good business manager as well. He should appreciate the necessity of reducing state expenses and ‘have the ability to carry on the state's business without lessening its efficiency. “This Mr. Hay believes he can do. His friends here were favotably ir: pressed with his frank statements re- garding the manner in which state affairs should be conducted. ‘They noticed perticularty that he indulged in no platitudes but talked straight, simple facts and, above all, made no has been only 35 per cent against the decline of 75 per ceut for all banks. Decrease in the amount of borrowings continues to be the rule. This is a condition, if course, that is to be expected as coin- | cident with easier money conditions, and precedent to a sustained business revival. Deposits in recent months have shown more tend- ency toward improvement than have loans. It ap- pears that the process of liquidation has put com- mercial firms in possession of funds for meeting current expenses without resort to borrowing. In general, liquidation in city banks began earl- ier and moved toward completion more rapidly than in country banks, though. liquidation seems still to be incomplete as far as borrowings are concerned. That country banks received considerable aid from the rest of the banking system during the period of stress is evidenced by the fact that their borrow: ings increased rapidly for several months after the turn in business conditions in the spring of 1920, eee gree T= REQUIRES about ninety-nine per cent of the space in thy Wyoming Democratic newspapers to get the Kendrick congressional record straight- ened out. Just suppose, for instance that the task is finally accomplished. What will it amount to? See { hens to fight the grasshopper plague, with good success. ———_o——_—_——_. ENATOR KENDRICK onght to feel proud of the endorsement of the Nonpartisan League. Can promircn except to agree that he would use his best efforts at all times to further the state's continued de- velopment along legitimate lines. “Mr. Hay’s Wyoming career began nearly 40 years ago when he came to ‘Wyoming to serve the Union Pacific railroad in the capacity of night tele- graph operator. Always prominent in state activities and a powerful fac- tor in financial circles, Mr, Hay is ono of the fathers of the plan which resulted in the recent organization of the Joint Stock Land bank. He is one of the heaviest contributors to the fund which makes it possible for Wyoming farmers to obtain long-time low rates of interest. advice to those who contemplate bor- Ing money through these channels is ‘Be sure your titles are prefectly clear before making application.’ “When asked specifically what he regards as the leading issue of the present campaign, Mr. Hay replied:} ‘A reduction of taxes and cutting, down expenses of running the state government. Other crisp remarks by Mr. Hay are epitomized as follows: “State government must be handled on business lines. We must start at the top and come down—expenses must be curtailed. If I am elected I will put into state government the game business efficiency I would’ put into any other business. “What you want is results and I am confident that I can give you re- sults. I intend to visit every commu- nity in the state and know for myself the needs of each community. All I it be possible that John is scared and has begun grasping at straws? ‘ “WHERE IS DOT TAM DOG?” From Arcady to’ Avalon, Are many roads to go: Through foamy lanes of azure seas, Through mountain trafls of snow. I'll take the shorter way, tonight, Adown a moonlit stream; From Arcady to Avalon ‘I journey in a dream. —CHARLES G. BLANDON. Chicago, DL Romance Never Dies Eloping girls and boys of today have nothing on “Aunt Mira” Green of Hanover, N. J., who, after living a life of single blessedness im that peace- ful little town for more than eighty years, blushingly announced to her friends and neighbors that she had quietly married her schoolboy sweet- heart, James Beach, on June 12, last, Mr. Beach, a widower, admits that he, too, has lived more than fourscore years, but yet he couldn't help one of those “just married” blushes. All for mfles around Hanover have known “Aunt Mira” ever since they can remember. Hanover without her would be like New York without a City Hall. “Aunt Mira’s” parents and their parents lived on the same home- stead. ‘ The ceremony was preformed by the Rev. E. R. Barnard, pastor of the Han- over Presbyterian Church, which was founded -by “Aunt Mira’s” great-great- grandfather, the Rev. Jacab Green, in the year 1774. In accordance with the old custom of the section the young folk got together when the news was spread about, and with shotguns, cowbells, tinpans and other noise making devices they went to the old Green homestead and gave “the newlyweds” that reception with- out*which no Hanover wedding would be either complete or successful. The Beach and Green families are among the first settling families of Hanover and they had adjoining Yarms. “Mira” and “Jim” went to the old country schoolhouse of the James Whitcomb Riley type. In those days girls were barefooted and pigtails was the fashion. Hay rides instead of autom@bile speeding parties were the sport of the young belles and swains of Hanover. No words of love were spoken between “Mira” and Jim,” however, and finally Jim went away and was married. His only daughter! got married and he was left alone in’ the world. “Aunt Mira’s” last rolattve, her sis- ter, died seven years ago, and since then “Aunt Mira” has worked the thirty-acre farm almost single-handed. Early this spring “Uncle Jim” (as “Aunt Mira” tells the young folk they must call her husband) decided to give up his carpenter business in Newark and go back to his home of forty years ago. He found things greatly changed since he left. The old Beach property had passed into other hands. Not knowing where to make his home, he learned that “Aunt Mira” needed some one to help her work the farm and applied for a job as “farmhand.” He got it. Together “Mira” and “Jim™ at- tended the lttle church where they had worshipped forty years before, and without anyone but the minister and one witness they entered the same little church on’ Jane 12 and came out as Mr. and Mrs. James Beach. To all Hanoverians they will always be just “Aunt Mira and Uncle Jim.” pitch ee acai ‘A Sample of Foreign Valuation “Onder the present Jaw tmported merchandise is appraised for duty at the foreign value in the country from which it 1s imported,” states the American Economist. “It is well known that foreign cur- rency is greatly “deprecated, notably the currency of Germany. Probably most people fafl to realize the extent to which foreign market values have been disturbed by this depreciation. Not only have the market values of foreign producs been unsettled, but the wages of foreign workmen bear no proportion to the wages paid in ask is a fair deal” those same countries before the war. It was for these reasons that the . ee leer of representatives passed the Fordney bill fixing the basis for val- } uation of imports as the American wholesale selling price of comparable domestic articles. That was and is the only possible way in which to en- sure a just and uniform basis of val- uation. “It is easier, however, to understand the situation when we have an exam- ple before us. Such an example is to ‘be found in an importation of silver flatware purchased in Germany and entered and appraised at one of the ports in this country. The importa- tion cinsisted of three sets of silver- ware, each set containing a dozen each of knives, forks, tedspoons and table spoona, all solid silver except the knives the base of whose blades was steel. « These silver sets were purchased at retail in one of ihe prominent German stores for 22,500 paper marks. Had they been bought at wholesale it would have been permissible for them to have been entered at the lower wholesale price. At the time when they were purchased and shipped the value of the German mark was .004- 133 of a cent, so that duty amounted to only $93. The curious part of it is that the bullion value of the eilver in ihe set on the London market on the day of shipment was $112 in our money. Consider the situation. Without tak- ing into consideration the cost of manufacture, without taking into con- sideration the profit of the wholesaler or the retailer, considering only the bullion value in the world's principal silver market of the silver content of the sets in question, we find that the retail German value -was‘$17 less than such bullion value. Had German been at par, had wages been at their pre-war basis tt will be readily seen that selling price would have been very much higher than the price actually paid. The bullion value alone would have brought the price up to $112, The cost of manufacturing the 144 pieces, the manufacturer's profit, the whole- saler’s profit and the retailer's profit, all would have afided greatly to the price. The appraiser had no option but to pass the goods at the entered valuation, for investigation proved that everything was strictly legal. The entire trouble is with our own laws. If we insist upon doing what no other nation now does, accept the for- eign market value as the basis for the assessment of, duty, then we must expect to become the dumping ground of the products of law-price, depreci- ated-currency countries. It is this de- preciation which explains how a knife which is sold in this country for $5 can be bought in Germany for 9 cents. It explains how a clock which is sold in this country for $22 is bought abroad for Only 94 cents. It explains why a thermos bottle which costs 10 cents abroad is sold here for 76 cents. It explains why an electric flatiron which costs only 59 cents abroad ts sold in this country for $5.50. Of course the importers do not want the American valuation plan adopted. Of course they do not want the tariff revised on protective lines. If these things should be done they could not reap profits on their imported goods running all the way from a hundred to five thousand per cent. qe Queer Questions With Hidden Answers If You Can’t Answer Among ‘What state has been the birthplace of the greatest number of presidents? How many miilion acres of vacant public land are there in the United States? What is the fastest recorded time made by a passenger train for any considerable distance? Can a geologist tell where of! is located? streams? What is a three-bagger? Who was Mazeppa? Who wrote Jack and the Bean- stalk? Where was the first jury trial? ‘Who were the Druids? ADVENTURE TRAILS Blazed for You by Lewis Allen Browne “How'd they come out? shouted Ted to his cousin Ned as he returned from the village where he had gone to mail some letters and get some snapshots he had left to be developed and printed. “Awtul™ scowled Ned. ‘Ted looked at them. “Wish I had been with you when you took them,” he commented. “I suppose you invented cameras,” laughed Ned, a trifle sarcastically. “Wish I had. But a man told me how to use a snapshot camera. What's that awful thing?” and he pointed at a@ landscape that looked more like a bank of snow than « lake and hills and trees. “I tried to get the reflection of the sun on the water,” said Ned. “You got the sun in your finder,” was Ned's terse comment. Ned didn't understand. “Here,” continued Ted, “I'l draw you a diagram and explain.” First he took the camesa and showed Ned how to point it at the sun, but so far beneath the sun that the sun itself was not reflected in the finder, and then he made the sketch, Fig- ure 1. “The sun is at C,” sald Ted. “Tho beautiful reflection om the water is at D. Your camera is at X. Now to get the reflection and not’the halation of the sun—” “The which?” demanded Ned. “Halation—a word photographers use which meuns the reflection of the sun in the lens which makes @ big white blur in your picture,” Ted ex- plained patiently. “To avoid that trouble, see that your finder takes in only what is below the dotted line A to B and you'll have no trouble at all.” “Who is that freak?” demanded Ted, fooking at another print. Ned had to laugh at this. “It's you,” ha cried. “I snapped you when you weren't looking. I don't under- stand why that wasn’t good. I was in a fine strong light and so were you my nose, and those black spots are my bones—the strong sunlight did “IT can see it’s all wrong—just tell me how to make it right,” interrupted Ned. Again Ted drew a little diagram as in Figure 2. “When the sunlight is strong and you want to take a picture of some person, stand them in the shade,” he paid; “not a deep shade as in a heavy forest, but the shade of a small iree. You may stand in the sua, but don’t face it. Your camera it at XX and the person you are photographing ts at O or the white spot in the shadow. ‘Then the light is even on the face and you get a@ real likeness, not a Hobgoh- at this,” and Ned showed another print that was mostly dead white spots caused by the sun. It was such a pretty scene, too,” he added, “right there by the bank,” and he pointed to the spot. Ted's ready pencil was at it again He sketched something like Figure 3. “See, the sun was shinning right “No refraction is the word. The rays of light were changed cr shifted and prevented the image or scene from bemg clear: Now if you had ‘ around so that the sim had been behind that tree, as at KE, you would have avoided that and secured a fine picture with your camera at 7x." “That\sounds reasonable,” said Ned, smiling. “The sun is rather tricky, isn't it? t “Not when you understand “i said Ted. “Here, let me show you,” and he picked up Ned's camera and pointed it at the sun. “Look in the finder. See the sun? Now move the camera to the right until the sun is not to be seen in the finder, but is beyond the edge. This is a safe posi- tion and you have all the world to shoot in a circle until you get back to the sun again.” “Plain as mud," complained. Ned. “Look,” said Ted, drawing a dia- gram as in Figure 4. “Your camera is at Z. H is the sun, the angle of your lens is from # to G. So long as your camera takes in the sun, the pic- ture is spoiled—but swing it around in the direction of the arrows so that it takes in G to I, and you are safe You can swing it on around and around in the direction of the arrows “Think I do,” said Ned, And his next pictures were all good, thanks to Ted's little lesson about handling a camera in the sun. (Monday—"Tho ‘Wild Whoopjees!"’) lin effect." “Sure! Now I understand—but too | ‘Tomorrow—Merry Makings. Safe Food-Drink For Al Ages For Yafents, tovalide and The Original 70¢0R ee INFANTS aa INVALIDS Horlick’s the Original Avoid Imitations . and Substitutes | RAR, metas arate entra tn Powder No Cooking — Nourishing — Digestible REDUCED RENTS THIRTY, PER CENT ‘We have reduced. our rents 30 per cent on our apartments. We are renting them for $35.00 per month. Nicely furnished modern two-room apartments located on paved street, close in, dry room with two electric washers. Come and see them. Pratt Apartment House 716 East A St.—Phone 868J also have a nice laun- 1 Does under the surface off run in| Phone 528 NATRONA LUMBER CO, Rig Timbers PRICES RIGHT 251 North Beech | ;