Casper Daily Tribune Newspaper, October 5, 1922, Page 6

PAGE SIX. Che Casper Daily Cribune | SPHONES Excheage Con necting Departme ‘ice as stcond class 1916, oming), Pos November ES W. BARTON President and Editor SOCIATED PRESS of Circulation (A. B. C.) Advertising Representatives. . 1720 23 Steger Bidg., Chicago, York Ct Globe Bldg. on =Bidg.. New Mont- es of the Daily Chicago, Boston are welcome. MEMBER THE AS Member of Audit Bureau offices and visiters ion by mail accepted for less period than iptions m be paid in advance and the insure delivery after subscrip month fn arrears. SUBSCRIPTION RATES By Carrier if You Don't Get Your Tribune. een 6:39 and 8 o'clock p.m A paper will be de ger. Make it your duty to n your carrier misses you. know whe evenirg except Publication Of: day at Casper. ces, Tribune Bi Member of the Associated Press. Tho Associated Press is exclusively entitled to the for publication of al 's credited in this paper and so the local news pub! The Casper Tribune’s Program A complet city of Casp. and scientific zoning system for the A comprchenstve municipal and school recreation park system, including swimming pools for the chil dren of Casper. Comple of the established Scenic Route boule. vard as planned by the county commissioners, to Garden Creek and return Better roads for Natrona county and more highw: for Wyoming. More equitable freight rates for shippers of the Rocky Mountain region, and more frequent train service for Casper. |an amount variously estimate! from two billion to} it we is no argument that we should dissipate the Ith represented by maintaining other peoples in 15 and rs be ness or provide golden spoons with which to eat nts their porridge. That is not helpful help. That we have done our duty is pointed out by) Comptreller Crissinger who has sai: j “Day by day, week by week, month by month, we have all seen the financial advertising through which American investors have been offered the) securities of almost all the countries ‘under the! sun. Only the other day, one hundred and eighty-} five million dollars of bonds of the Republic of} Argentine were authorized to be sold in this coun-} try. We have taken the-securities ef the city of} Rio de Janeiro and the Republic of Brazil; we have bonght the securities of the East Indian company | of Holland, of the Royal Dutch Oil corporation, of | the cities of France, the government of China, the governments, the provinces, the peoples, the incor-/ porated companies of the whole world. On top of| our loans during the period of war, wé have ac-! quired other billions upon billions of corporate} and private and back crwdit=. until we have become | the greatest creditor community that the world ever saw. ! “Are we doing our share toward the rehabilit--} tion of the world? I undertake to say that when} American investors buy two hundred million dol-} lars of South American government securities—of | securities which ten years ago would have been| placed in Europe—we are literally and actually re-| leasing that amount of credit and finane e source to serve the immediate needs of Europe. Europe in the last seven years, by way of financing itself, has been selling off its holdings of securitics throughout the world. We have been taking them;! and to that extent have been lifting from Europe the burden of financing the world, freeing the en- ergies and capital of Europe to look after its own| concerns. | “I am going to attempt summarizing briefly the! American contribution to support the world’s fi-| nancial structure in the last few years. I will be- gin with 1914, when according to the best estimates foreign investors owned from four billion to five) billion dollars of American’ securities. Since the) beginning of the war we have first bought back by far the greater part of those securities; probably two-thirds of them. . Ten, follewing vur direct participation in the war, we Toaned ten ,billion! dollars to our European allies; which with accrued interest amounts to roundly twelve billion dollors. “But this is not all. We re extended: commer: | cial credits to European buyes in our markets to} five billion dollars. Still further, we have been! buying the securities of foreign countries ever since the armistice. A highly reliable authority assures me that these purchases have amounted to: - Year The Goéd They Bo WONDER if the public knows and appreci- ates the direct und indirect goéd such organ- izations as the Chamber of Commerce, Kiwanis, Rotary, Lions and other clubs do in the commu- nity? There are those who believe them to be singing and eating societies. And there are others who be- lieve the meetings to be a waste of time. And there are still others who claim to believe that no good can come out of any of them, Of course, those who know, know different with) respect to all of them. There is little use to remind the public of the aims and objects of each of these organizations. Such particulars are widely known. And for the good they do look about you. They are to large extent the clearing house for public opinion on about all matters save politics and religion. It is very true that all of these organizations eat and sing at least once a week. suaybe oftener, but when they have done this you find them dis- cussing and strange to say with real intelligence, some subject of vital importance to you as a citi- ven. The discussion does not end it by any means. The discussion simply crystallizes into the action that later ensues. It'may be through“a committee or it may be through an individual, but whatever it may be that is desired, ought to be changed, should be secured or what not, it happens. Meantime, the Chamber of Commerce, the Kiwanis, the Rotary, the Lions, and the rest go on their tuneful and carnivorous way and are happy and the community is benefitted and don’t know it. If there was nothing more to these clubs and or- ganizations than the mere meeting and associaition of one member with another, that is worth while. Any institution that draws men together in as- sembly, big or little, impo or unimportant ix for the public good, ultimately. The right of meet ing and resolving is one of the early ones granted by Magna Charta, it is still worth hanging on to, and it has done a great work in the world. =e EG Why Not Glenrock [cee the ensuing year the state of Wyoming will build a tuberculosis sanitarium and at the November election of this year the people of the state will vote upon the location. That is they will say in which particular county it shall be erected. So far but one county, Converse, has thrown its hat in the ring and informed the rest of the state that it desires the institution. As the definite location within Converse county, Glenrock is a candidate and presents claims that cannot be deniec Among them is central state location, ex. cellent railroad facilities, superior highway facil- ities, altitude entirely suited for treatment of this particular disease and climate ideal for conveles- cent patients. There may be other places, but Glenrock seems to have it on the rest of the state in general qual- ifications. Glenrock.wants the sanitarium. This enterprising city should have it. It requires a vote. Why not vote for Glenrock. ESCO DEY eT Meal Our Help to the World 'MHERE ARE many well-meaning but illy-inform- ed people in America, some with strong senti- ment for their former home country in Europe, who constantly complain that the United States has not done and is not doing its full duty toward the peoples over the sea. From the time this cotn try got fairly on her feet as a nation, no person can point to a single instance in which it failed in| any matter of proper help to peoples and nations the world over. We have been looked upon by others as a nation of altruists, so ready and so lavish have we been with funds, food and friend- ship. We have even submitted to exploitation at wien the leaning was on the side of hu- t these American citizens, with foreign sym-| complain about at the present | time, is that we have not been sufficiently liberal | with financ The question is how far to go. Most people of judgment are of the opinion that we have gone quite far enough. and that everybody ought to be satisfied with what has been done. Because the United St reservoir of Jiquid credi circumstances in be termed the fortunes of ‘ome the great lable as way war and business, ‘qstate board of land commissioners, consisting of ssets by | orld conditions which! For 1919 For 1924 For 1924 oe ES i For 1922 (Jan. 1 to Sept. 5. 1,386,725, “If the same rate should be continued for the re-| mainder of this year we will have purchased dur- ing 1922 about $1,100,000,000 of foreign securiti and for the four years 1919-20-21 and 22, about $2,- 500,000,000 of foreign securities. “But these foreign securities to which L-am re-} ferring include only those issued in terms of Amer- écan dollars, for flotation here. In addition, our people have been large purchasers of securities is- she abroad in terms of the money of the country! of issne. I am informed that for 1919, 1920 and 1921 we bought over $620,000,000 of such securities. So it appears that for that four years our purchases of foreign securities, wheifier expressed in dollars! or in the units of foreign currency, will far exceed three billion dollars. Nor can this be considered all of the help ex- tended to Europe because continuously since the) armistice Americans have been buying German} marks, Italian lira, French francs and other for- eign currency. While a large amount of this buying! of foreign moneys was undoubtedly for purposes of; speculation, nevertheless the foreign nations receiy-| ed the benefit of the purchase eyen though those American making it lost what they invested be cause of the continued depreciation of foreign} money. Summarizing America’s financial contributions | to the autside world since August 1914, we have actually contributed $21,751,000,000 in cold cash to) assist the rest of the world fight its battles and) get on its fect. If official figures are not convincing to those who | would have us do more, then they ate more con- cerned with European welfare than American wel- fare. To reasonable people it would appear that Amer- ica has already engaged in a gigantic participa- tion in sustaining and stabalizing the finances of the world. And that her work is done and other peoples must get into the collar and work out their further salvation. | The only sore spot on America is that she has | been denied credit for what she has done, even by some of her own people, or at least those who claim to be our own. ——__———_.. Land Board Amendment puns the 1921 session of the Wyoming legis- Resolution No. lature, a resolution, known as Senate Joint 2 was, passed. It proposed an amendment to the constitution and provided for its submission to the qualified electors of the state, recommending the consolidation of the present the governor, secretary of state and superintend- ent of public instruction with the state board of school Jand commissioners, consisting of the governor, secretary of state, superintend- ent of public instruction and state treasurer. The |Mfted from the family and individual jemployment situation, it enacted the! Che Casper Daily Cridune FANKING THE Fire. wiTd HIS NEW HAT AND PART OF AX onD SHoE tlox. : |The Absent-Minded Professor. se THE ABSENT MINDED PROFESSOR FINALLY DECIOEO.. see THAT HE HAD THE LEAVES BURNING AL} RIGHT. ° Record of’ Accomplishment Senator Reed Smoot addressing the United States senate on a recent day, toek occasion to call attention to some few of the things.the Republican party has accomplished since {t came into full power in March, 1921, Represen- tative Mondell had-reviewed the same party record in detail the previous! day.in the house. Senator Smoot sald: z The ongress has completed 18) months of constructive —legisiation which is without parallel in the his- tory of this country. No congress | ever came into power facing such! chaotic conditions calling for deliber- ative and constructive efforts. The Republican party way pledged | t» give tho country constructive legis- lation promised Ly its party. vider | its record: 1 First, and ef vital importance, it has enacted no destructive, no sec- tional, no class legislat‘on. To put more business in govern-| ment, it enacted the budget law, under which the economy program of this; administration was made possible. It reducea the public taxes $815,- 000,000 a year, the bulk of which is of average income. That taxes might be still further reduced, it unsparing- | dy cu. public appropriations. It found 5,000,000 men idle. To pre-| vent further aggravation of the un- restrictive immigretion law. It found agriculture facing ru'n. To relieve the situation it revived the war finance corporation and furnished it with a milliondollar revolving fund to loan the farmer in his emergency. It passed the farmers’ emergency tariff, jmanitarian legislation asked, by women of the country, the maternity | Federal farm loan bank in the sum of $25,000,000, ‘The result was the revival of agri- culture, which brought the. farmer, who purchases 40 per cent of the a: ufactired products of the country again into the market, thus giving em- ployment to idle men. ° : It enacted a permanent tarift, which insures industry and agriculture alike Protection from . destructive — foreign competition and steady employment at a good wage. It enacted the Sweet law, which created’ the Veterans’ Bureau, ‘con- solidating. all government agencies dealing with ex-service men and facil- stating the work of relieving disabled war voterans Ttsppropriated for the ue of that bureau more money than Was appropriated for apy other ‘pur- pone except payment of the public debt and interest thereon. It found the country officially in a state of war with Germany and Aus- tro-Hungary, and by a joint resolution reestablished peace with these two na- tions. It enacted that great piece of. hu- the act to safeguard the welfare of in- “fancy, and maternity. It created a refunding commission to place our foreign loans on a busi- nesslike basig and formulate condi- tions for their payment. It authorized the forma:?'a of co- operative marketing associations which will be of mutual benefit to the Producer of food and to the consumer. It enacted the packers and stockyards act for the ivestock interests, and the grain futures act for the farmer. To promote our foreign trade it which stopped the flood of imports distress. It increased the funds of the amended the Edge Act to facilitate the organization of corporations engaging jthat was contributing to agricultural|in export It provided for the reorgan- t ization of the Phillippine financial sys- ‘| governtient the , workingman}) —By Fontaine Fox tem and an extension df "Philippine eredit in order to gave’ the jslands jfrom bankruptcy, ‘which they were facing as a result of eight. years of under thé _Democratia regime: It came to the relief of drotith- stricken areas in. our own country, extended thé.time of payment due on jirgation and reclamation’ projects, sranted* liberal ‘aid for public roads, extended rélief to the starving mil- lions of Russia, reorgauizeal the In- dian bureau, strengthened the sntorce- ment of the federal prohibition .cmend- taubnt, provided for the creation “of more federal courte in order to relieve the congestion of business and expe- aite Justice, and. created a commiszion to investigate the coal industry. In addition, the Untted States senate lin less than 30 days ratified sevon \treaties formulated at the Arms con- ference, which moved the world foward peace and committed the na- tions. to a reduction of naval arma- ment and a consequent reduction in taxation. I could stand here for one solid hour and. rehearse what has been accom jplished by this administration, und T jsay, without a question of doubt, th no legislature that ever met has pass- ei so many beref.:l1! laws as has che present consres# uncer thiy adsa°~is- Give Us Pikers "A popular magazine collects the ‘remarkable remarks" of famous per sonages, among which we find ths definition of a piker by a well-known banker,” says the Utica Observer. “A piker ts one who lives within his income.” “Truly a stgnificant evolution of that word coined at the world’s fair to designate those individu: a eS design being to merge the two boards into one and include the state auditor t® the end that the elec- tive state officers form the board, assume the re- spohsibility, do the work and save the overhead expenss of maintaining two boards, keeping two secs of records and practically duplicating the same general object. The amendment should be unanimously carried because it is a step in the direction of economy. | It will bring all state land matters into the one board consisting of elective officers and will ex- pedite transactions. It is just simply good sense in consolidating the separate boards as sought by the adoption of the amendment. There is every reason for adopting it and no reason against it. Me 2 Eliminating Dictator [ROX PACIFIC railroad is meeting its labor differences among shopmen through the new- ly organized Shop Employes’ association covering the: system. Agreements embody a new sliding wage scale which runs from two to fifteen cents an hour higher than labor board schedule, recognition of in- dividual ability and progressive line of promotion. Long distance dictatorship has been eliminated and the railroad and its employes will act with each other. Thus has another spike been driven in jthe coffin of the i h\ =< eS So FO.B. DETROIT Ten Body Types 125 to 137 North Center Street . Sa > SDs, service, more under control than of price or claims. These outstanding elements are the result of greatest utomabile constr smoother runnin) : seadify handled. any other car, regardless facy ever realized in motor car C. BOYLE - = Pa - sturdier under hard more flexible mechanical ‘accu construction. THURSDAY, OCTOBER 5, 1922. patil ee a R_O. Norris, Jv., ana C. H. Peanut Grower's Exchange, |X. Birdson_ We want to extend the thanks of| American Honey Producers Lea... the procucers of this nation to the by Colin P. Campbell. tariff bloc for their support of the| The Rice Millers association, by > farm schedules in the permanent tar-|B. Wise. }iff measure. We endorse the McCum-| Colorado Honey Producers associ, ber.Fordney bij! as it more nearly tion, by Frank Rauchfuss. gives the farmers of the nation a| Texas and Southwémern = C:1:), equare deal than cny tariff legislation Raisers’ association, by E. P. spiie eracted during the present genera-| Southern Tariff association, 5 von and the first tariff measure ever| John H. Kirby. . written based upon the principle that| National Swine Growers’ associ the farmer is entitled to the sam¢ tion, by W. J. Carmichael, treatment in tariff legislation as the) United Peanut association, by »; manufacturer. M. Osborne. We resent the intimation trequent-| Sheep and Goat Raisers’ essoci: ly expressed upon the floor of the’ tion of Texas, by James T. Elliot: senate that any person who owns 4| American, Assiciation — Cream-r farm or other property is disqualified| Butter Manufacturers, by Georg from representing his state in the! McKay. . menate. We consider practical and suc-; Jowa Dairy association, Hoiste cessful. preducers better qualified to Friesian Association of America, |, represent their state in congress than| Ww. B. Barney. men who have no knowledge, exper-| United Pearut Association, N: fence or intelligent sympathy with/al Peanut Shellers association, the economic problems of the ~ation.| Dp. Bain. National Grang, by T. C. Atkeson. ; National Peanut Cleaners and She! Nationd] Datry Union, by A. 4/ers association, by S. M. Lawrence Loomis. Texas Peanut Growers associat National Wool Growers’ gssociation,/ py N. T. Haskins. by Frank Hegenbarth. | Arizona Prima Cotton Gowers Americar Rice Growers’ associa-| sociation, by Dwight B. Heard ton. by E. A. Eignus. | New Mexico Wool Growers ass Dairymen'’s League Co-Opsrative tion, by Praeger Miller. association, by C. F. Creswell. | Arkansas Rice Growers associ:: American Cane Growers’ associt./py B. F. Chaney. tion, by John M. Rogers. Afternoon Shadows The Farmers Approve ¥ Ohio Dairy Organizatjon, Ob‘o Farm Federstion, Ohio State Grang’ Oil association, bY| mn gun grown weary in his flight | Drops down toward the wast patronaized the cheap and gaudy Pike.! On soft cloud pillows fringed with gold From a connotation of crudity and low| To. seek his evening rest, taste, the word comes today to define! And over garden field and lawn those solid virtues which make Amer-| And wooted mountainside lea great. For the banker was oyi-|From rocks and trees and thicke ploying irony in his definition. @ark “Give us more pikers, if to be a! ‘The furtive shadows glide. piker is to live within one’s income, to} play safe, to love solid things, to prac-|A pointed. cap, a tattered cloak, tice thrift, to bank one’s money and]. A shawl with ragged fringe, let the Joneses proceed the'r flashy| And silhouettes of horse and hound path without trying to keep up with) On passing day impinge— ‘them. The wraiths of- vanished @ypa band “Give us more pikers, if to be a| Nomadic man and beast, piker) im to exhibit that couraye which| Around the World since time began marks the man who Ives within his} Forever moving east. Minna Irv ’ the Blend Pie Quality — Flavor — Aroma —is in the blend—NOT in an expensive can. OLDEN GIFT —is packed in an inexpensive moisture - proof, x double container to protect its flavor and fresh ness. Thus you get more quality for less money. Try it and be convinced. All Members of the Homesteaders’ Protective Association Will meet at Labor Hall, North Wolcott St. Thursday Eve,, Oct. 5th, 8 O’Clock Matters of importance will be considered. Publicity Committee, Unit No. 1. Go to the TRIBUNE’S Fashion Show October 13, 20 and 21 At the Elks Lodge Entire proceeds go to Red Cross SS ee is oe oa