Casper Daily Tribune Newspaper, November 3, 1923, Page 2

nae ae TRSSBES ceo eA bt 1e,gn me Pe MISS wert bn eh oO re 1S -Mlamnie tel AtS Miva @. TS Sree For ea PLO R IAS rl Aha eo bam i PAGE TWO. be Casper Daily Cridune Entered at Casper (Wyoming) Glase matter, November 22, 1916, Business Telephones _________________15 and 16 Branch Telephone Exchange Connecting All Departments. 3. BE. HANWAT MEMBER THE ASSOCIATED PRESS The Associated Press is exclustvely entitled to the se for publication of all news credited in this paper and also the local news published herein. Advertising Representatives Prodden, King & Prudden, 1720-23 Steger Bidg., Chi- tago, Ill, 236 Fifth Ave., New York City; Globe Bidg.. Boston, Mass., Suite 404 Sharon Bldg. 65 New Mont- fomery St, San Francisco, Cal. Copies of the Dally Tribune are on file in the New York, Chicago, Boston and San Francisco offices and visitors are welcome. Member of Audit Bureau of Circulation (A, B. ©.) pee Work for the Periscope - custom for the party out of power 10) Pe ad alarm” the various things the yet fm power has done. The Democratic party wi engage in the customary viewing and alarming» jn 1924. And there are plenty of things to view, for the party in power has been doing pel things. For instance, here are some of the tl _ the Democrats can bring within the range 0! their viewing binoculars: F A reduction of $2,000,000,000 in the oe outstanding government obligations, thus de riving a lot of people of the interest they have drawing from the treasury. ats Accumulation of a surplus in the asury, thus encouraging the government to extrava- gance, whereas the usual Democratic deficit would have éorced economy. The restoration of the railroads to efficient operation under private management, which re-| moves the possibility of a practical demonstra- | tion of the ultimate results of long government | operation. The Washington conference which settled dis- putes in the Pacific and took away from the alarmists their Reed excuse for predicting an early war with Japan. ad Limitations of Armament treaty which reduced the building. of ‘battleships, cut down the work of our steel mills and set thousands of workmen free to engage in competition with workmen in other lines of RT ate enactment of a protective ta: aw fiosesto it difficult for Americans to buy direct from London the newest cuts of society clothes and has raised the cost of gowns our women- folk want to buy in Paris. The enactment of every measure asked for by representatives of farmers at the last session of congress thus encouraging the farmers to go to congress for further legislation. sie The reduction of federal taxes, wi leaves (ithe people with more money in their pockets to spend in riotous living. The restriction of tmmigrat which com- pels a lot of people in southern Europe to re main there when we have ad of jobs generous ericans could give up to them. athe establishment of a budget system which has eliminated a lot of duplication and deprived several thousand people of government jobs, ‘The revival of the War Finance corporation over the veto of President Wilson thus helping the farmers back on their feet when the Demo- crats had them down for the count. Continued operation of government ships de- spite the Democratic filibuster, when It would be easier to let the ships of other governments do all our. carrying for us. These, and many other deeds of the Repub- lican administration furnish abundant objects upon which the Democratic leaders may train their magnifying glasses when the time comes for them to “view with alarm.” Their “alarm” ig not likely to the very con- tageous. 3 The Bait Henry Use Henry Ford says that the only thing he could do at Muscle Shoals that he couldn’t de else- where would be to make furtilizer for the farm- er, and he claims that this is the only reason why his proposal has been opposed by the war department and in congress. If he has any success with such political propaganda it will be because the farmers and others of the coun- try do not know what has beek brought out in the various hearings upon the matter from the time the offer was submitted at the end of the last congress. g In those hearings it developed that the Ford | offer gave no guarantee whatever that he would continuously produce fertilizers. In fact, he himself said that he would make no agreement to continue the production of fertilizers or to invest a certain definite sum of money in the production. He frankly said that he would stop, if he could not produce it profitably. Yet all the political fuss that has been made over Ford's | offer is merely because of the fact that it car- ried this delusive bait of cheap fertilizer pro- duction for the farmer. The history of the whole matter shows that Ford offered $5,000,000 for an unfinished plant ‘on which the government at the close of the war had spent about $103,000,000 and which could have been scrapped to yield $16,000,000. The loss in scrapping would be heavy, of course, because much money had gone into a dam and into other works that would yield nothing by such a process. But the Ford offer did not mean that the government would get $5,000,000 and be at no further expense. Under the proposal the government would have to proceed to finish cer- tain works at an estimated expense of $50,000,- 000. Mr. Ford would then lease them for 100 years to a company that he controlled at an an- nual rental of 4 per cent of the cost of comple- tion. He would also pay the government $55,000 annually for government maintenance of dais, gates and locks the Ford company owned and on its part the government wns to insure him not only against floods bnt all depreciation during the term of tho lease. He would afso make a payment of $46,746 a year to amortize the cost of completion. The Ford offer did not contemplate payment of any interest on money necessary to complete the dams until they were completed, and Sena- tor Norris in his report against the Ladd meéa- sure to accept the offer stated that “Mr. Ford is actually paying as rental, not 4 per cent inter- est as it appears from a first examination of his proposal, but 2.79 per cent. This means that under Ford offer this corporation (the Ford postoffice as second quarry, together with all buildings and lands : at once sell off over $5,000,000 worth of erty and have two nitrate plants and ‘which they were situated—in fact, all he wanted —tree of all cost. This plant free from cost as Ford wanted it Would include the Go: transmission lines w! the government devel- oped on land belonging to the Alabama Power company merely to get until the dams were completed and on the power company had an option under the contract. The validity of Fee Ee Ce aT one pany has recent exercised its option, paying the government §3,472,487, which is within a million and a half of what Ford offered for the whole Muscle Shoals development. It is be cause of this sale that Ford now complains that his offer to make fertilizers for the farmers is being set aside. If he could have sold the G plant himself and a little more, he could have had the main thing for nothing, provided the government would put up $50,000,000 more on which a Ford company would pay 2.79 per cent interest with a 100 years’ amortization. But he wouldn’t guarantee to make fertilizers for the farmers unless it paid. If Ford wants tw run for president on his Muscle Shoals offer he is likely to have some bad encounters with the evi- dence now before congress, Prospective Business Good Probably one of the best reasans upon which the United States is the fact that @ great many people are a little weak in their confidence. Be cause of this lack of confidence, they have been over-cautious, and the financial situation has none of the weak spots that made the slump of 1920 so drastic. Prior to the 1920 depression, all lines of industry had been running at full ca- pacity and retail merchants, confident of the future, had loaded their shelves with goods bought at high prices. When the Wilson admin- istration, in the effort to fulfill its promise to cut, the cost of living, started the deflation pro- gram, every feature of the situntion was ex- send mee rie destruction, not only the mer. ants but farmers were carrying huge debts which their creditors called upon thea ts pay. Liquidation meant heavy losses. The lesson of 1920 has not been lost. According to all reports, retail merchants have been buy- ing cautiously and in quantities such as they can reasonably expect to turn over without loss, Although the wheat farmers are in a bard posi- tion, olter farmers are prosperous. The agricul- tural Joans made through the War Finance cor. Poration have been reduced from $350,000,000 to about $100,000,000. Loans from banks have been reduced and the farmer's interest burden light- ened. Savings banks accounts have increased throughout the country, in farming regions as well as in industrial centers. The people of the country have been providing resources against a period of adversity, and this makes all the more unlikely the occurence of such a misfortune, Current trade reports show freight car load- ing at the present time more than 18 per cent greater than at the same time last year, the in- crease being recorded in every class of commod- ities except coal and coke. The largest increase is in forest products, which indicates a contin- ued use of timber in construction. The freight car surplus is below normal, indicating the in- crease activity of cars, and this is made more significant by the report of a larger proportion of freight cars in serviceable condition. Build- ing permits for September, 1923, were $11,000,000 greater than for the same month of 1922, In a recent resume of factors upon which to base the opinion that there will be sustained in- dustrial activity, President Julius H. Barnes, of the United States Chamber of Commerce, re- cently enumerated the fallowing—largest pig iron production, largest cotton consumption, largest steel ingot production, largest crude oil production, largest automobile and truck produc- tion, largest residence constructi: largest pro- duction of locomotives, largest volume of mail order sales, largest volume of retail sales, and largest volume of railroad car loadings, Of course, the situation is not without its dis- appointing features. The wheat farmers havo some company in the oil producers who are suffering the steady decline of prices, due to surplus production, as in the case of wheat. Low- er gasoline prices will tend to increase the con- sumption and help to reduce the surplus, In no section of the country is there any com- ee of unemployment. In fact, the complaint is that there are not men enough to do the work and there is clamor for the lowering of the im- migration bars, a demand which seems to make no appeal to the Republican administration. The people of the country not having engaged in any extravagant buying at high prices, there is | no danger of a “buyers strike” to start an indus- trial reaction, Seeing the Light A California senator who was the author of a bill known as the Cartwright act, legislation in the line of hampering big business, has evidently grown older and acquired a broader sense of re- Sponsibility to the entire community, Of late most western states, including Cal- ifornia have ceased through their Tepresenta- tives. to cripple business enterprises by meddle- some experimenting and now favor bi, enter- prises and development that have made great west what it is. ’ In a recent address before the California Ty- pographical association this same Senator Cart- wright said: “We saw the captain of industry open up new fields of activity for human endeavor, inne employment and opportunity to thousands of men who had not been given the genius of man- agement. We saw the great manager bring the comforts and luxuries of life to us in greater | abundance and at less cost, but in our prejudice and’ in our spleen we were blind to all but one |thing—he was growing rich and powerful. So here In America we committed the monumental | blunder of the world. We began. to agitate and |regulate and legislate the business man out of | business and the workingmen out of their jobs and we thought we were reformers. | “Today I want more capitalists and richer capitalists, and I want them to feel such secur | ity in the laws of the country, in the perfection | ‘and maintenance of organized society, in their | freedom from the operation of agitators and demagogues, that they will. rush their dollars into industry and create two jobs for one man. Tet us restore the freedom ofthe old America. Let us forget this godless socialism, ‘this murder- | ous bolsheyism, this idiotic I. W. Wism. Let/ us set the world ablaze with Americanism” Methodist church. This dinner is to to base confidence in the immediate future of |cost each member 75 centa, corporation refinery is a year old. It wag just one year ago last week when the town was started and now it is one of the most important pe troletmq points in the state. During the past year a complete refining plant has been constructed and has been tn operation for some- time past, side tracks built, storage tanks erected, pipe lines Iaid, which represents the expenditure of sev- eral millions of do'lara, During the same period since the starting of the refinery the Producers & Refiners corporation have also built the long- est pipe line in the state, it being from the Salt Creek fields north of Casper to the refinery at Paroo, a Whiskey and Coal RAWLINS—Abe Reeves, Jr., and Oscar Dennen, were arrested by Sheriff A. A. Sanders, who was ac- companied to the Armstrong Coal south of Rawlins, by Deputy Warden Frank Keifer, of the state penitentiary, who assisted tn halping to locate the mine and whiskey. ‘The location of the whiskey was discovered when some convicts who haul coal from the mine for the state institution returned from there in an intoxicated condition and the officers decided that the coal mine was the on'y place that they would have a chance to obtain the moonshine. Upon investigation it was found that all of the necessary materiale for making moonshine was in evi- dence at the mine, although no still could be found. It is thought that the original still operated by the two men had been stolen and that the HIGH QUALITY ANUFACTURED absolutely pure SX delicious aroma, Made only by Walter Baker& Co.Led. ‘Mills at Dorchester, Masa, and Montreal, Canada BOOKLET OF CHOICE RECIPES SENT FREE Baked Apples for Breakfast Oh! Boy NATIONAL APPLE WEEK Oct. 31—Nov. 7 ened In Wyomin Matters and Things, of State-Wide Interest, Wired in, Telephoned in, Written, Leaves Arkeon Bldg. 8 a. m. Daily Telephone 144 J. J. Stanton, Mgr. BE ah ull Ie Approves Durham’s Candidacy He [ft : : i é i i i Fy eRe 4 Hn i : a 2 Hy Le fs i if a | H fi RES COUNT Anniversary and Profit Sharing Sale ONE WEEK COMMENCING SATURDAY, NOV. 3rd, 1923 We wish to thank our patrons for the patronage given us during the past year and will show our apprceiation by submitting for your approv- al at reduced prices the following merchandise. Children’s Apparel Of woolen crepe and tweeds, embroid- ered and pongee trimmed. $6.75 Values —_.._..__...___+_$4.95 Ages 8 to 9 Years CHILDREN’S ALL WOOL MIDDY SUITS Fine quality of navy blue serge, plait- ed and buttoned to a washable waist. $5.75 values _—-_— $4.95 Ages 6 to 12 Years CHILDREN’S ALL WOOL FLANNEL MIDDIES Navy and red flannel, some braid trimmed, $8.95 values ..$3. $6.75 values WWW $4.65 Ages 6 to 16 Years BABY ROMPERS AND CREEPERS Of black sateen and colored linette; (trim- ——_—_—_$ med). $1.76 values 1.25 CHILDREN’S WOOL STOCKINGS Brown and black. Sizes 6 to 10 years. 750 and 85c values, pair. .---.--606 BOYS’ ENGLISH TWEED HATS (Fedora Model) Grey and Brown Mixed $2.75 Values, each__..... ...$1.35 CHILDREN’S UNDERWEAR Heavy fleece lined cotton Underwear, (broken assortment) Union Suits, $1.00 and $1.25 values; suft__75c cosa Vests and Pants; 50c to 65c values, eac! CHILDREN’S WOOL SWEATERS Tuxedo and Slip-Over Type $2.50 Values ....H_+____ $2.00 $3.00 Values WW $2.40 $3.75 Values $3.00 $4.75 Values ___ -$3.75 Ages 2 to 6 Years BOYS’ ALL WOOL SUITS TO CLOSE AT HALF PRICE Just 14 Left—Ages 9, 11, 14 Years $10.00 Values -.-$5.00 $12.50 Values $6.25 $3560 Values .__s__ $9.28 22.50 Values ......__—s $11.28 Women’s Silk and Wool Sport Hose Brown, black, cam- el and bottle green. Values to $3 Pair $1.25 WOMEN’S SILK KNICKERS Radium Silk (Pink Only) $5.00 Values Ser eer + KY CREPE DE CHENE TEDDIES Lace Trimmed (Pink and Orchid) $3.75 and $4.00 Values__t._-____— $2.95 Attention Xmas Shoppers Special Cash Discount for Sale Week, Nov. 5th to 10th. Cash purchases to the amount of $20.00 or more bought at one time on merchandise not listed in this ad will have struck from their sales-slip a 10 per cent discount, (able Cloths and Napkins Pure linen pattern Table Cloths and Napkins at 20 Rer Cent Reduction. LARGE SIZE LINEN HUCK TOWELS Pure linen Huck Towels with damask border and space for monogram. $1.25 values, each $1.00 ART LINENS In white, fvory and natural. 20 Per Cent Reduction. All widths, at a Announcement Our selection of genuine Madame Hen- dren “Mammy Dolls” have arrived. Blond and brunette types. Some with hair curled, others with hair bobbed. Priced from $3.00 to $10.78 each iy @. Perkins & Co. PECIALTY STORE Tribune Bldg. Phone 1944-J et innit \TURDAY, NOVEMBER 3, 1923 : | ] is i F gE it ' ie