Casper Daily Tribune Newspaper, July 10, 1923, Page 6

PAGE SIX. THE CASPER DAILY TRIBUNE MEMBER THE ASSOCIATED PRESS ‘The Associated Press ts exclusively d to the use for publication of ws credited in this paper and) he local news published herein, The Casper Daily Tribune issued every evening and The Sunday Morn- ing Tribune every Sunday, at Casper, Wyomi Publication offices, Trib- une B c, Opposite Postoffice. Entered at Casper (Wyoming), Post- office as Second Class Matter, No vember 2: 1916. Business Tolephone ------15 and 16 “Branch Telephone Exchange Connect- ing All Departments. CHARLES W. BARTON President and Editor Advertising Representatives, Prudden, King & Prudden, 1720-23 Steger Blcg., Chicago, Tll.; 286 Fifth Ave. w York City; Globe Bldg.. Bos- ton, Mass., Suito 404, Sharon Bidg.. 55 ‘New Montgamery St. San Fram cisco, Cal. Copies of the Daily Trib: une are on file in the New York, Chi- nd San Francisco of- rs are welcome. Member of Audit Bureau of Circulation (A. B. ©.) Member of the Associated Press SUBSCRIPTION RATES By Carrier One Year, Daily and Sunday One Year, Sunday Only - Six Months, Daily and Sunday. Three Months, Daily and Sunda: One Month, Daily and Sunday Per Copy By Mail One Year, Daily and Sunda; One Year, Six Months ‘‘Three Months, Daily and Sund Gne Month, Daily and Sunday-- ‘All subscriptions must be paid ip advance and the Daily Tribune will not insure delivery after subscription becomes one month !n arrears. Daily and § 15 * Kick Lf You Don't Get Your Tribune Call 15 or 16 any time between 6:00 and 8 o'clock p. m., if you fall to] receive your Tribune. A paper wil be delivered to you by special mee senger. Make it your duty to let the Tribune know when your jor misses yo! THE CASPER TRIBUNE'S PROGRAM Irrigation project west of Casper to be authorized and completed at once. A complete and scientific soning system for the city of Casper. ‘A comprehensive municipal and school recreation park system, in- éluding swimming pools for the children of Casper. Completion of the established Scenic Route boulevard as planned by the county corumissioners to Garden Creek Falls and return. Better roads for Natrona county and more highways for Wyoming. More equitable freight rates for shippers of the Rocky Mountain region and more frequent train service for Casper. THE STOCK MARKET As reported by one of the coun- try’s largest newspapers, a promi- nent banker recently declared thst the stock market was no ‘onger a reliable barometer of business. That is interesting. And the rea- son that it is no longer a barometer! is more interesting. Abuse of the function ef any or ganization or any such thing soon undermines it. If you use your thermometer for cracking nuts it will not long remain a thermometer. Speculators, and more particularly speculative pools, or groups of men have used the stock exchange for drawing their own financial chest-| nuts out o fthe fire. The result) is that the stock exchange is “no longer a reliable barometer of dus- iness.” Stocks are down. The dears are in control of the stock market. Bear pools are reaping great fin- ancial rewards every day because many thousands of small investors must liquidate for their immediate needs or have bought on margin and can not hang on any longer. Predatory speculation takes ita toll of fools and innocents alike. The man of smal! means who buys on margin and bucks the stock market is the fool. The man financially pressed, who must sell at artificially low prices the few hard earned se- curities which he has laid by for a rainy day is the innocent. Stocks are down. But business is not down. There is not a single sound economic reason, save the high-wage threat, which would nor- mally tend to pull prices down on the stock exchange. There is everv reason to presume that they would stay up. Prosperity is here; it should keep them up. But the bear pools are in the saddle, and until they shove stocks as low as “they can push them, the artificial shrinkage of values will continue. One of these days everybody will start buying good securiti which *are being quoted well below their| # intrinsic value. Then the bulls = will start a drive, grab the reins of ffpower, and the market will shoot up steadily again. That is better for the average {man. Broadly speaking, it is only the professional speculator, the man who is “selling short.” who is hurt on a rising market. The man who ctually buys stocks outright, who has them and wants to turn cash, gets his or hem into moriey’s worth Granting that we haye too much and regulatory t v seewerzire: gisla b prohibitory Etion in this country today, it ©that something should be done, and § could be done, to prevent the pro. # fessional market pessimists from overturning the values of stable se- curities for their own ends. Blank- et law can hardly be invoked. We! have too much law that is vague | and entangling, and impossible of enforcement already. : One thing can aiways be done. Buy. If you can hold on and have |money to invest in good securities, buy. It is a good time, even though the market may not have reached its lowest yet; for it will surely come up again to beyond its| present point. But don’t buy on margin, and don't buy more than you can afford to hold. RAISE BOLSHEVIK— REFUSE REFUGEES! The plight of the Russian refugees who escaped from their amiable countryman of the proletarian dic- tatorship and, via the Philippines, have reached San Francisco, tempts ironic comment. About 500 men, women and children, many of them in wretched physical state, and all jacking passports or credentials, are waiting our government’s consent to enter our gates. If it is refused we do not see what these unfortu- nates can do except go back to Si- (| beria and take what the Red govern- ment is disposed to give them by way of welcome. Perhaps they might try some other country or put themselves out of their troubles by jumping into San Francisco bay. Doubtless the laws and regula- tions respecting immigration offer some troublesome objections and we are certainly not in favor of the sort of evasions or relaxations which politics privately procures. But if it be possible in this con- spicuous public instance to permit these victims of the proletarian rev- olution to enter, we believe the na- tion would emphatically approve. The American people, through the American relief administration for Russia, contributed over $50,000,000 to saving Russian men and women and children from famine in Rus- sia. Many of these are bolsheviki or will grow up to be bolsheviki under the system of propaganda pro- vided as popular education under the soviet regime. Not many of thise we saved who imbibe the soviet doctrine are going to be friends of America as time fades memory of our service, and soviet education belittles and misinterprets it. But we might, it seems to us, considering what we have done for Red Russia do something for its victims seek- ing asylum under our flag. Be aS CAN THE BONUS COME BACK? Saving money is discouraging work for governments. Not only is it hard in itself, but joon as a Government is able to present a balance sheet not quite so bad as had been feared a war cloud of spec- ial pleaders draws in from the four points of the compass with plans for spending the extra cash. Mr. Mellon's books show a tech- nical surplus of about $200,000,000 and at once Senator Edge feels im- pelled to change sides on the bonus question. His objection to the bon- us was that there was no money to pay it. He feels that since Great Britain has arranged to pay her debt to the United States and the Treasury is overflowing with dol- lars the service men should get the lump sum for which they have been asking. President Harding’s ob- jection to the bonus was also based on the lack of funds, and he will be subjected to increased pressure. Knowing how hard it was to save the surplus and that it is only a surplus on paper, anyway, Mr. Harding may not be stampeded on this issue. The cost of our gov- ernment, however the Administra- tion may save, is still an appalling total. To increase that total need- lessly would look to taxpayers like either pure waste or pure party politics. And one or the other it would be. TODAY'S ANNIVERSARIES 1780—French army of 6000 men, under Rochambeau, arrived at Newport, R. L, to aid the Americans in the Revolution. 1802—Robert Chambers, a pioneer in publishing popular litera- ture for the people, born in Scotland. Died there, March 17, 1871. 1848—Two brass cannon, captured at the battle of Bennington, presented to the State of Vermont by Congress, 1892—-Governor Pattison called out the Pennsylvania ational guard to suppress the strike riots at Homestead. 1897—-Aeronaut Andree started for| the North Pole in ‘a balloon and was never heard from again. 1901—James Kilbourne was nom- inated for governor of Ohia on the Democratic ticket 1919—Simon Newcomb, famous American astronomer, died. Born at Wallace, Nova Scotia March 12, 1835, 1918—Lieut, Quentin Roosevelt brought down opponent in his first aerial flight in the war zone ONE YEAR AGO TODAY British parliament passed Wash- ngton Arms Conference treaties President Harding called on coal \miners to return to work, pending wage arbitration, GUERNSEY, Wyo., July 10.—Mra. te Gadie of Battleyoun flats, was found the garden at their ranch Gadie, 86 years old, mother of J. dead in after a long search. On the morning of the Fourth the] # & fes with the children departed fo amie river for a picnic, leaving|tion of the bu lding some time in th n© inother at home. On their return} future,” Dr. I. P. Hayes, clerk of the they found the house empty and|hourd saict started a search for the lady. They The reason for the defeat of the went to the neighbors and*looked in|bond issue is generally believed to every conceivable place where she|haye been a desire on the part of might have strayed, carrying the|/vyoring taxpayers to avoid increasing search throughout the night. Neigh: | taxes. bors joined in the hunt, and word| Ry defeating the bond issue and was brought to town and a big party was being organized. A number ot cars had already departed to assist in times in their hunt. The supposition is that the sun. nds Defeated SHERIDAN, Wyo., payers of School District No. 7, Sat- urday voted againat the erection of a new high school building in Sheridan when they defeated 133 to 85, the $248,000 bond issue, The four-mill tax levy. however, passed 113 td 108. The ‘The rest of the 6. 8. Leviathan te fi proportion to this smokestack, photographed from the bridge And you get some idea of the size bf the smokestack by contrast with the woman standing st the base, Found Dead in Garden the search when the word was brought in that the body had been found in a sunflower patch in the garden, not more than a hundred yards from the house, and where the searchers had tramped around many lady had gone to the garden to dig pota- toes and had beea overcome by the July 10.—Tax- TRY To TAKE election was held at the Central school. “While the defeat of the bond is- Sue will mean that erection of a new gs to provide adequate accom d|tmodations for the 725 boys a’ s eted to be enrolled in the ehool next year, ameunt r: rvide th rf} will 7 a‘ passing the special fourmill levy they defeated their own purpise inas- much as the four-mill levy will in crease taxes $4 on every $1,000 assess ed valuation, whereas the bond issue would have taxed property oveners | only $1.61 per $1,000 assessed valua- tion, annually, Passage of only the special tour. | mill levy will mean that taxes will be increased, but Sheridan will not have a new high school building, peda ase | To Build Up Roads CHEYENNE, Wyo., July 10—Ex- Penditures totaling $146,000 of forest highway funds for road-building work in Wyoming have just been approved by the secretary of agriculture Wil- son, acoceding to word received in Sheridan Saturday. Six projects are included in the pro- gram just approved, one of which calls for the extension of the Aladdin- Hulett road in the western part of the Black Hills national forest. The sum of $20,000 was approved for this extension which is to be one mile in length. To assist in constructing approxi- mately four miles along the Cody- Yellowstone highway thi um of $30-, (00 was set aside, bringing the total! f it Mas. MELcHBR SHouLD HAVE KNOWN BETTER THAN Yb DOWN Te THR CHURCH FESTIVAL ON THE TooNARVILLE TROLLEY. Casper Day crioune The Toonerville Trolley That Meets all the rains— By Fox “THAT LEMONADE. lo allotment for the Cody-Yellowstone project up to $85,000, ‘This road is of importance to the Shoshone national ; forest The rum of $28,000 was approved construction work along the Che: Summit section of the Hoback nyon road in the ‘Teton national for- est. An additicnal $19,000 for this project will be appropriated from the federal forest road construction fund It Is also planned to reconstruct that Fection of the Hoback canyon road that runs between Cheney and Jack- son, a distance of six m of $40,000 being appre work les, the sum eC for this the construction of six miles the Teton national forest of sum of $25,000 was approved. The project in question runs six. miles west of Buf- falo bridge and forms a link in the train highway leading to the south entrance of the Yellowstone national park. Location surveys of ten miles of highway in the Teton forest will be undertaken fo- which work the sum of $3,000 was approved. Miner Is Killed KEMMERER, Wyo., July 10. — Frank Suaima, Italian minen aged 21, empldyed at Cumberland Nd. 2, south mine, was killed almost instant: ly as he was working. A fall of coal from the roof was the cause. Missing the unfortunate man at 11 o'clock, a search was made and shortly there- after the fall was observed and he wns dug from under many tons of coal, Deceased is survived by his wife and one child in Italy. He served in the late war with the Italian forces. Funeral services have not yet been arranged, word being awaited from a brother, who lives in Pennsylvania . —_—<_s—__— Stage Bitter Fight KEMMERER, Wyo., July 10.—The isolated ranch on La Barage, owned by E. H. Simpkins, was the scene of a bloody fight, following the passage of spirited words between the owner of the ranch and James O'Neil, an employe. The outcome was a bullet through the body of Mr. Simpkins and serious injuries to the person of O'Neil, especially to the head, which was badly hacked with a hammer in the hands of Mrs. Simpking during and after the first clash between the men. At the ranch at the time were only Mr. M Simpkins and their three : the eldest, a son 13 years of age. ay when the fight starteC. O'Ne'l ‘had been work. Ing as herder for Mr. Simpkins’ sheep sutfit. for two months, and it was when O'Neil resigne¢ and settlement was to be made that the fight started. Both men, who are in the L. C. M. hospital in Kemmerer, tell substanti- ally the same story of the fight, ex- cepting as to its beginning, Mr. Simp- kins, when interviewed by a repre- sentative of the Republican, stoutly maintaining that O'Neil assaulted him with the butt end of a six-shoot- er, while O'Nei! just as stoutly main tained that Mr. Simpkins struck him twice before he resented it, then he used the butt end of his gun. Hillcrest Water along the Wind River road within ie ee + Jean Gibson, 19, Verne Sage, right), are on a hike from New York other before the start that none would fall in lov: the way. Hikers Bar Love Aff airs EZ 19, and Margaret Sage, 21 (left to to Los Angeles. They promised each o@ with apy man along AUTO SERVICE CO: WE DO SIMONIZING- Cars Washed, Polished and Greased DAY AND NIGHT SERVICE 1838 N. Wolcott 1 Block East of Henning Phone 2870 Take Armour’s Star Bacon on Your Outings It’s easy to cook over the open fire. It satisfies your out-o’ licious—oh, boy! Just try it once, and nots that “fine Star flavor”! ARMOUR 455 COMPANY CHICAGO -doors hunger. And de- Packing House Secrets * Abog is not all ham by any means. For every choice portion which sells at a com- l f than the live cost per pound. Budweiser it's thoroughly aged-not green or unfinished Anheuser-Busch, St.Louis, “Rich as Butter- Sweet as a Nut? Wyoming Baking Co. fmri7 Phone 1732 THE NICOLAYSEN LUMBER CO. Everything in Building Material RIG TIMBERS A SPECIALTY FARM MACHINERY, WAGONS Vistributors of KONSET Three-Day Cementing Process for Oil Weils.” Phone 2300 and 62 Casper, Wyo. Office and Yard—First and Center Sts. CASPER: 1S + THE: FUTURE - CAPITAL« Q F Tr H E— s is A au £ | T H A Ss T H E ty fe) G | Cc A io L fo} Cc A T | fe} N £° 10 days of this month are gone and they’re never coming back. So you are ten days nearer Christ- mas when you're sure to want spare funds. Don’t you think it’s time you got into action with a Savings ac- count? Come in tomorrow and let us fix you up with a home bank to catch your loose change before it gets away from you, a Budget book to show you how to cut down your expenses, and a Savings pass book to show you from month to month how fast you’re getting ahead, 4 percent interest on your money. -O4--20-0MD - mroze - w—IA: Z2- + ~K4-N - 4MD—-—9 -- TA eM: or G CONSOLIDATED E ROYALTY BLDG 1. 50,000 - POPULATION: - IT’S CLEAR SOFT AND PURE Order by the case or 5-gallon bottles. HILL CREST WATER WE DELIVER 503 East Second St. Phone 1151