Casper Daily Tribune Newspaper, November 10, 1923, Page 2

YAGE TWO. Che Casper Dailp Cribvune MEMBER THE ASSOCIATED PRESS The Associated Press is exclusively entitled to the use for publication of all news credited in this paper! and also the local news published herein. { ‘The Casper Dally Tribune issued every evening and ‘The Sunday Morning Tribune every Sunday, at Casper, | ‘Wyoming. Publication offices: Tribune Building, oppo-| : Entered at Casper (Wyoming) postoffice as second: lass matter, November 22, 1916, Business Telephones --—--------—-———-—--§ ore a Branch Telephone Exchange Connecting Departments. — By J. BE. HANWAT Advertising Representatives 4 Pruéden, King & Prudden, 1720-23 Steger agnor cago, I'l., 286 Fifth Ave., New York City; Globe be ie Boston, Mass., Suite 404 Sharon Bldg., 55 New er gomery St. San Francisco, Cal. Copies of the y| ‘Tribune are on file in the New York, Cilengo, Boston | and@ San Francisco offices and visitors are welcome. Member of Audit Bureau of Circulation (A. B. ©) | SUBSCRIPTION RATES By Carrier and Outside State ot One Year, Daily and Sunday ---—----——<+*+*=""" : One Year, Sunday Only —--—. —_———- -~ Six Months, Daily and Sunday ———-——-—————- ‘Three Months, Daily and Sunday .------—-——— ‘One Month, Daily and Sunday —--——_——_—--——- Per Copy ——_~~.--------~---<=+<= +2 By Mail Inside State sist Daily and Sunday _----2<- ++ emeeeemen— Sameer Fy) 469 2.25 5 One Year, One Year, Sunday Only ~.--- Six Month, Dally ané Sunday --.----————-——- Three Months, Daily and Sunday One Month, Daily and Sunday -. Her Desire to Be An American Marin Stefano a pretty little sorensen eat ola factory worker was arrested for 5' sd vanity bag. To the police, her case was on ot merely petty larceny. To the thinking man yroman it is a problem for the nation. i It was not what Maria stole but her mottves for stealing that gives importance to her ae Bhe wanted to rouge her cheeks and pare on lips like the American girls she knew. ° i begged her old Italian mother for money to buy er, paint and lipstick. But her mother 3A telling her nice girls did not paint Mrs ir faces. Maria thought this an old-fashioned Ital- fan iden. The nicest girls in the factory var ed and painted. So Maria stole the vanity bag to make herself into an American girl. ae What is the, great American nation going @o about its Maria Stefanos? There are heer like her, who catch the surface glamor of on fcan life and miss its deeper significance, : this little Italian girl, Americanism mares y a dab of pink on her cheeks and a touch of car- on her lips. ™ The pbs of ‘Marin Stefano indicates that in- fluences are at work to undo all the good work- | ers for Americanization are trying to accom-) plish. Tt is a sermon on the individual respon- sibility of every American in setting a good ex:| ample for the foreign born who come to our) shores attracted by the superior advantages to themselves and to their children. If we are to teach immigrants what America stands for in the world and what citizenship in this nation menns, we must strip all false glamor from Americanism and make it stand out as a big, wholesome, uplifting influence in their lives, | To be able to salute the American flag and | live under its protecting folds is_a worthwhile privilere. And to appreciate the blessings that! are conferred requires neither paint nor powder | it simply requires a better example on the part) ef those who have been here longer for the emu- lation of those who have but lately come and are ambitious to cast bets world habits and ms and become one of us. Maria Stefano should not be prosecuted for} her act in seeking to become an American girl | under the only standards she knew she should be taken in charge and shown the meaning of ‘Americanism that underlies the paint and) powder. Civilization Not Collapsing wainger, governor of the federal re pisces is and always has been a cheerful end sensible optomist. When others permit themselves to get in the dumps, he sees the silver ning to the enveloping cloud. He has just taken violent exception to the tiresome reiteration in; press, pulpit and platform regarding the “im- ding collapse of civilization” He analyzed ge frequent assertion to its discredit. Rehears- ing “the compilation of pessimism” respecting world conditions, he presents the other phase of the situation in which he finds ample justifi- eation for optimism. In his itemization the fol- lowing things may be set down as contributing to a cheerful view of ee ene oe “The at war is ended. “The OoranE of bolshevism to drtye tts way westward and subjugate central Europe has been thwarted. “The later effort of bolshevism to annex Asia has likewise failed. “The fear of Russian communism spreading Mtself over Germany and becoming a new and greater menace to civilization has been very thoroughly dissipated. “The threat of bolshevik revolution in Italy concerning which at one time we heard a great deal, has not been realized. “The fearful inhuman struggle between Greece and Turkey has been bronght to an end. “Treland has achieved self-government, . with the dominion status in the British common- wealth of nations, and peace has been restored on terms which seem to promise permanence. “Austria has been put on its feet and given a chance chiefly by the co-operation of those who were its enemies. Today instead of being 2 testimony to the destructiveness of peace, Aus- tria is held up as a cheering demonstration that none of the wrecks of the war are beyond the possibility of salvage.” Turning to political concerns immediately in- | volving our own country, there stand Japan and | Mexico. The Washington conference put an end to the dangerous and long-continued friction between Japan and the United States. Three years ago} there was a good deal of evidence that Japan and | America were drifting toward conflict. Good sense and intelligent statesmanship on both | sides and the generous co-operation among na-| tions which made the Washington conference | successful the menace of conflict in the Pacific! has been removed. Just recently we have seen | in the Pacific a maritime mobilization, not of fleets and arms bent on destruction, but rather of the argosies of mercy, devoting themselves to one of the greatest works of benevolence and humanity that has ever been inspired by the con- templation of a supreme disaster. able amount of perversity to remain at all times an unqualified pessimist. Competent authorities say that within the past few months unemployment has decreased steadily in the Scandanavian countries, in Hol- land and Italy. In Germany despite the utter \demoralization of finance and money, and the depression in foreign trade, the people have to an amazing extent gone on ; tilling their working \fields, erecting factories and office blocks, build- ing new houses, of which the need has been in muiny areas very great since the war. In France, by universal reports, there is no unemployment, and there has been almost none at any time since the armistice. Belgium is constantly described as the busiest and one of the most prosperous countries in Euro) Switzerland has had on the whole the best season, in 1923, since the war, in respect to its vitally important tourist business. The disruption of the German money sys- tem seems to have gone as far as it is possible, and along with the collapse of passive resistance in the Ruhr and the pfospects of resuming pro- duction there, measures have been initiated which look to the re-establishment of a money system bearing a calculable relationship to the \gold standard. In Mr. Crissinger’s view not even ad most dismal pessimist could deny that Europe is get- ting back to normal production and the present year has been the best of any in that regard since the armistice. Not Related to Valuation “The stock exchanges are full of stocks quoted at one-half to one-fifth of indicated book value, simply because of poor earnings by the com- panies whose shares they are. There are many others which are quoted, even in the present unstable market conditions, at prices far above book values simply because the earnings are good. And bonds reflect the same rule.” This quotations is from one. of the leading railroad jauthorities of the country. The market value of bonds {s the expression of a demand for them as a stable, interest-bear- ing investment. So far as ultimate safety of principal is concerned, this market! value is based to an important degree upon the worth of the property behind them, but only by way of insurance that in case of default and forced sale the mortgaged assets shall bring en to pay the debt. For investment, the value of a bond depends wholly upon the power of the company to make earnings necessary to pay in- terest, provide a sinking fund and build up a surplus. No matter how great the intrinsic value of the security or what the interest rate, bonds are depressed in market value by so much as the company fails to show earnings for the three purposes mentioned. And the earnings must be regular; otherwise the income feature essential to an investment is destroyed and the market value suffers accordingly. That is to say, the investment which is sought is one that produces a stated income and can be sold in the market for approximately what it cost. A surplus is the only source of dividends and therefore the market value of stocks is based entirely upon the earning of that surplus, and not at all upon the property value as such. The proposition proves itself by its very state- ment; and yet in the case of the railroads there |are those who dispute the demonstration and preach the false doctrime that the valuation of railroad properties made by the interstate com- cessive because it is greater in amount than the present market value of the stocks and bonds, This 1s the raflroad situation; the vatne of stocks and bonds is based on earnings; the earnings are based on rates fixed by the inter- State commerce commission; the rates are based on property valuation as required by law and the constitution; and the greater part of operat- ing costs are based on the acts of one govern- mental board or another, without the aid of con- sent of the railroads. The result: with rates too low or costs too high, or both, the railroads have been unable to make earnings sufficient to at- tract the investor to their securities. It is this state of affairs, for which in the final analysis the government is itself responsible, that has depressed the market value of the stocks and bonds of railway companies, and has contrib- uted largely to the depression of the entire list of securities. ‘3 There can be no other reasonable view of the congressmen who demand the basing of rates on the market value so depressed than to be deemed parties to an attempt to confiscate property. The valuation act does not, nor could in law or equity, permit the interstate commerce com- mission to consider stocks and bonds as elements of value. The law is specific in its Tequirement that it is the value of the physical property used in transportation which is to be made the basis of such reasonable rates as will produce a fair return. Tt seems manifest that the lati- tude of this law is sufficiently wide to refute of itself any vague and general contentions that the tentative valuation Ag aaciaaie merely be cause it is a large sum, that rates are unrea- sonable or that new legislation is needed. Charity and Unearned Increment The other day an old book written eighty confidently predicted that the advance of la- bor-saving machinery wonld eventually abolish poverty and wipe out the need of organized charity. it Since this book was written over a million new labor-saving appliances have been invented —multiplying the efficiency of human industry scores and hundreds of times. If ever a dream came true it should have been the dream of the author of that old book. Yet in one of the leading Chicago new: apers appeared these words: 2s ‘4 “Chicago must continue to spend over $50,000,- 000 per year for charitabte and relief work, ac- cording to observers who ought to know * * nl The burden of social relief is probably growing as fast as the burden of government and taxes. In Chicago it already amounts to over $64 an. nually per family, and as a matter of fact it represents a far greater tax u the contrib- uting families, who are probably not a major: ity of the total number.” It is quite plain therefore that a portion of our population have not benefited greatly by the advance of labor saving machinery. But if there are classes who have reaped no advant- ages from the progress of science and invention there are other classes who certainly have. These classes are the owners of the lands and natural resources. In this very city of Chicago during the past eighty years the unearned value of the bare lends alone has risen from the esti- mated total of not exceeding $90,000 to a figure approvimately 500,000,000, by Looking upory these brigter aspects of the world panorama as it has been unfolding, it! must be recognized that it requires a consider- It is an ax in politica? economy that if anyone gets “something for nothing,” somebody must get “nothing for something.” . ough | plant were called to the King farm merce commission should be set aside as ex-| years ago cause under our eye wherein it was Basin Federated Clubs asiy_the Bid Hoe Dem Pt wees ee and per- fected H Se ea Chamber of as president and Mr. J, R. Binwell of Basin as secretary. The other officers elected were: B, Y. Booker of Wor'land, vice nt. Dr. T. J. Toe of Powell, treasurer. Chairmen were named as follows: Agriculture—Dr. T. J. Ice. Trade and Finance—Hans Hansen of Lovell. Transportation and Roads—Dave: Jones of Cody, Marketing—E. Y. Booker of Wor- Freight Rates—T. C. Marshall of Greybull. Pest Control—Presifent Thermop- olls Chamber of Commerce. ‘The purpose of the organization ts set forth to work co-operatively to- gether for the advancement of the agricultural, commercial and indus- trial interests of the Big Horn, WHEATLAND — Pneumonia re- sulting from recent storm conditions | is reported to have made inroads on | several flocks of sheep in this vicin- ity, inoluding the Swan company and the King Bros. flocks. damage in Colorado, and state vet- erinarian A, W. French, Dr. Robe: son of the state board of sheep com- the animal husbandry experiment Saturday for a consultation. Dr. G. H, Good and county agent B. 8. Tedmon had been with the aheep previously, and had been able to arrest the progress of the disease. After carefully going over the af- fected shoep, the visiting doctors concluded that the disease was nothing more nor less than pneu- monia, and that there was no indi- cation of the dreaded Colorado dis- ease. About 250 registered lambs were |iost, representing between $5,000 and $10,000 in value. Most of the lambs affected had recently been shorn. Paemuced stators Actatc Gets Car and Liquor RAWLINS—Sheriff Sanders and deputies discovered a car and a quan- tity of whiskey in the Rawlins ga- rage. The car had been driven im from Montana and i¢ft at the ga- rage. It contained about three and a half cases of Canadian whiskey jat the time it was discovered but as jno one made their appearance around the car no arrests were made as it ts thought that the owners had been informed that the officers were watching for them. ‘The l- cense on the Dodge car which was taken by the sheriff with the whis. | key waa issued in this state to George Moore, but no one by that name can be located. The car and whiskey were con- fiscated and the car will later be sold by the state. Good. Time Ahead WHEATLAND—All ts in reafi- ness. The aspirants for the honor of taking home the bacon in the form | of the horsehoe pitching champion-) ship of Platte county have thelr arms in perfect condition for the contest. The blackfaced comedians have been loudly rehearsing their lines in the court house for many days, while the minstrel ballad sing- | ers have highly developed an inher-| ent abfiity for close harmony, that} permits the tenor to hold tenderly | onto the high notes. The corn has been picked and sorted in groups of ten ears each. The director in chief of gastronomic activities has sharp- ened his knives in readiness for the. barbecue, and the members of Ora Call American Legion post No. 10 announce that nothing ts left to be done in the way of preparations for the celebration to be “pulled off” in! this city Monday, Killed On Rail | RAWLINS—Yesterday afternoon! ® very unforunate accident occured at Fort Steele between the station and the bridge, when Ernest Enge-| moen attempting to jump a freight train fell beneath it killing him in-| stantly. He in daompany with a brother and cousin were bumming | thelr way from Portland to Chicago, where they expected to get work at Sears, Roebuck where they were! formerly employed. The body was | brought to Rasmusson undertaking | parlors and the parents of the boys Were notified of the accident. The, parents live on @ farm near Wenger, Minn. Appointed Appraiser BASIN.—Lou Blakesley has been appointed land appraiser by state land board, and has also been ap- pointed appraiser for lands in drain- ago districts. In company with H. BE. Harris of Lovell, he left last Mon- day for Worland, where they will look after the drainage districts at that place, and will go from there to Riverton on the same work, PEARL | WHITE | LAUNDRY | Phone 1702 AT YOUR SERVICE Happened In Wyoming Matters and Things, of State-Wide Interest, Wired in, Telephoned in, Written, Grape-Vined and Some of It Purloined. Platte County which initi- Sted in the dlatrict court Sx years Telephone 144 in the pig td 2x court, "that J. J. Stanton, Mgr. body affirming the decisian of the = — Chicago Tuesday. Picking began today, B. O, Fran- Pneumonia the Cause |= | | At first it was feared that the || complaint might be a very contag- |, fous disease which haf done great | missioners, and Dr. Cecll Hider of || meals stay. / Walter Baker & Co.tea. County Wins Suit “We Call For and Deltver” Rothrock “ ' “Wants to See You” ‘ a‘ THE CLEARING HOUSE BANKS OF CASPER, WYOMING , WILL BE CLOSED - i! MONDAY, NOVEMBER 12, 1923 ARMISTICE DAY, _“ A Legal Holiday * Kindly Arrange for Transfers, Currency or Silver Shipreemts Accordingly stimulating pet 2 the sense that pure ee tote | it a delicious flavor | ansernem and aroma, is a great addition to meals and a wonderful between - 4 CASPER NATIONAL BANK STOCKMEN’S NATIONAL BANK WYOMING TRUST COMPANY | WYOMING NATIONAL BANK NATIONAL BANK OF COM. | CITIZENS NATIONAL BANK MERCE THE FIRST TRUST AND SAVINGS BANK MADE ONLY BY _ Ben baad MILLS AT DORCHESTER, MASS.) AND MONTREAL, The Importance of Being You Before you were awake this morning, hundreds of deft hands were busy preparing things to captivate your fancy. Long after you drop off to sleep tonight, alert minds will go on planning what to say to interest you tomorrow and the day after tomorrow. To a great many people, you loom large. Day by day, - through their advertising, they earnestly seek to attract your notice and earn your good-will. Practically every advertisement you find in this aper, is aimed straight at you. As clearly and cerponeiety as though he spoke with you face to face, the advertiser proffers you convenience, comfort, entertainment, ser- vice, of economy. Or all these precious things, perhaps, in one The advertisement makes its promise to you; yourself; personally. How much worth your while it is to heed such personal messages! In more ways than one it pays to READ advertisements