Cottonwood Chronicle Newspaper, August 24, 1923, Page 4

adies SH Sounds good doesn’t it? It is good. We mean our slab wood of course. They say the way to reach a man’s heart is by feeding the brute, but as to the ladies, give them good wood so’s they can get up steam in a hurry and get the taters done on time and they will smile out loud. Better make it hot for them than to have them get you het up. Our Alkalie Ike brand of slab wood will do the trick. We mortals have to swat and shoo The flies from dawn till dark, *Cause Noah didn’t swat the two That roosted in the ark. We have been so busy at the saw mill that we almost forgot that we have a lumber emporium right here in town where you can get most any- thing you may need in the building material line. Our stock of lumber has been pretty low but is now being replaced and increased by our new stoek which is nice and dry now. Flooring for bundle racks, shiplap, flooring, finishing of all kinds, in fact anything you may need. And of course, we're ahways gled to see you come and get it from the yard that Saves and Satisfies. We have no lumber for sale at our saw mill. Having sold practically our whole cut for eastern shipment and in view of past experience that: the trade from the saw mill is very light after harvest, we are not soliciting orders from there except for wood. In the words of Alkalie Ike “Slab wood is the mi thing we are now trying to sell anything else but” A man who boasts he never did a foolish act in his life doesn’t know what the truth is. What about fixen up the house or barn this fall? You know it has been neglected for sev- eral years and unless attended to soon it will cost much more than it would to put them in good re- pair now. A stitch in time save nine, applies as well to farm buildings as to Johny’s overalls. 2AM SS Hussman Lumber Co. HOME BUILDERS AND BUILDING DOCTORS. CONSULTATION FREE. Friends of Yours in Yellowstone To Yellowstone Park Only $34.32 Round Trip from Cottonwood Geo. A. Poler, Agent, Cottonwood, Ida. COTTONWOOD CHRONICLE GEORGE MEDVED eee Issued Every Friday and entered at | Postoffice in Cottonwood, Idaho as | second-class mail matter. | Subscription one year Six months .. (Strictly in advance) INDEPENDEN1 IN POLITICS Copy for change of ad must be hand- ed in by Wednesday to insure change FRIDAY, AUGUST 24, 1923 FISH TALES Sclentists estimate there are 10,000 species of fish. The male fur seal has a harem of from 30 to 100 females, Fish Ne with their heads upstream when resting at the bottom, More varieties of fish are found in the Nile than in any other stream. A female lobster has peen knowa to lay aS many as 160,000 eggs at one urae. Fish have cold blood, that ts. blood taking the temperature of the sur- rounding water. The devil fish varies tn length trom one inch to fifty feet, but very tew of the longest specifiens have been found. Wither bass are food fish or game fish is a disputed question. In many sections of ethe country the bass is both a commercial food fish and a game fish. Goldfish are the result of the elimi- nation of the somber colors in a va miety of carp by selective breeding be- gun by the Chinese and Japanese in the Sixteenth century. WHAT THEY MEAN Musical song. burglary — breaking inte Mental hospitality—entertuining an idea. Spiritual pageantry—parading one’s virtues, Moral harvesting—reaping one’s re- ward. Social canniballsm—living on one’s friends, Undesirable generosity—giving your- self away. Philosophical etiquette—bowing the inevitable.—Boston Transcript. ODD BITS The Yakima Indians still thrash their wheat with a band of ponies. The Polish people never swear in their own language, but always in Russian, ve King Is the most anclent of titles. It, or its equivalent, is found in every known language. When the sparrowhawk is swooping down on its prey it cleaves space ut the speed of 150 miles an hour, Thirty-four days are occupied in a voyage from New York city, via Laa- don, to Batavia, Juva, a distance of 12,800 miles. A hundred years ago the Nimrod islands were sighted by whalers in the southern Pacitic, but no one has ejer seen them since, Icebergs attain to much larger {l- mensions in the southern hemisphere than in the northern. A berg 82 miles long was encountered in (Ce year 1893. Bombay, via the Suez canal, is $,_80 miles from New York and 9,53 miles from New Orleans; via Cap? of Good Hope It is 11,250 from New Yor'x, and via the Magellan strait it is 15,064 miles from San Franclsco. Honey is a mild laxative and in baby diseases, where all food is pro- hibited for a time, a little honey add- ed to the water makes the water more easily retained. Honey also ‘'s a remedy for fall and winter colds. NO MORE RATS or mice, after you see RAT- SNAP. Its sure rodent killer. ‘Try a Pkg. and prove it. Rats killed with NAT-SNAP leave no smell. Cats or dogs won’t touch it. Guaranteed. 35c size - 1 cake - enough for Pantry, Kitchen or Cellar. 65c size - 2 cakes - for Chicken House, coops, or smal! buildings. $1.25 size - 5 cakes - enough for all farm and out-buildings. storage buildings, or factory buildings. Sold and guaranteed by TURNER DRUG. STORE HOENE HARDWARE | ¢00 marks on his farm. EDISON-FORD PLAN UNFAIR TO FARMER Third Article Shows How Credit Test Would Fail Him in His Need. The unfairness to the farmer of the Edison-Ford “commodity money” scheme, although ostensibly aimed to improve his economic position, is dis- cussed in the present article, which is the third in a series prepared by the American Bankers Association, re viewing the exposure of the weak- nesses of the plan as presented by Willlam T. Foster, Director of the Pollack Foundation for Economic Re search. Briefly, the plan, sponsored by Thom- as Edison and Henry Ford, Would pro vide for Government warehousing of basic commodities, against which cur- rency would be loaned, during storage, to the producer without interest, up to half the average value of the prod- ucts for the previous twenty-five years. On the other half of the value the producer would receive certifi- cates which he could sell or use for bank loans. Restricted Credit Ih chat provision allowing for Gov- ernment loans only up to half the average value for twenty-five years Mr. Foster finds particular weakness in the scheme. He points out that prices have risen so high since 1896 that the farmer could borrow on most products much less than half the pres. ent value of the products—much less, in fact, than he could borrow directly from the banks. Loans on the other half the value, which would be on virtually a second mortgage basis, he says, would not be desirable for the banks, “The plan is not fair even to farm ers; it involves unjust discrimina- tion,” Mr. Foster says. “The Edison Plan fixes the loan values of all prod- ucts absolutely, uniformly and arbi- trarily. It ignores the relative pros. pects of different commodity markets. Only by the merest chance would such a method give a fair loan valuation. Fifty per cent of the average price for the previous twenty-five years would be too high for some commodi- ties and too low for most of them With such details the Edison plan iz not concerned, Banks Fairer to Farmers “The general practice of the banks is not only fairer to farmers, but it Is sounder business. There is no justi- fication for basing the loan value of anything upon average prices in past years. Sound banking practice looks to the future. A bank—for the pro- tection of its depositors, if for no other reason—must consider above everything the prospects of getting its money back. And a farmer’s pros- pects of repaying a loan from the sale of his product depend entirely on fu- ture prices, not at all on past prices. Last year’s runs do not count in this year’s game,” As to the claim that the Edison plan would curb speculation in farm products, Mr. Foster says: “There is nothing in the Edison plan that would tend to abolish spec- ulation. Even after the farmer had stored his products and obtained a loan from the Government, he would still be free to sell his products out- right to speculators. The farmer would have all the inducements to sell that he has today, and speculators would have all the inducements to buy. “Clearly, then, the Edison plan would not provide a money that is sounder than gold money; it would not provide a money less subject to fluctuation in value; it would not en- able farmers to obtain larger loans than they can now obtain; it would not divorce agriculture from the banking system; and it would not eliminate speculation in farm prod- ucts.” PAPER MONEY PIPE DREAMS By JOHN OAKWOOD Hitting the pipe seems like the greatest way in the world to get something for nothing,—a whole para- dise full of joy for a few whiffs of opium smoke. But— 8 By the way, the big lure about flat money is that it seems to promise about as much for nothing as a whiff on the pipe. They are just coming out of such a dream now in Germany. ee Here is the way that German soft money dream goes. Say in 1913 a man put a ten year mortgage for 20,- Marks were then worth, in gold, about four to the dollar. The debt, therefore, was equivalent to about $5,000. ses In the ten years since that debt was contracted, the German Government has published, so to speak, trillions of paper marks. What happened? What would happen to the price of eggs if they had a hen at Washington laying a billion eggs a day,—even if they put & government stamp on them saying eggs were worth a quarter a piece? German marks have gone down trom four to the dollar to 120,000 to the dollar. Here is where the pipe dream gets | Particularly good. The 1918 thort- gage is now due—20,000 matks are to be paid. Marks are quoted 120,000 to the dollar. Twenty-thousand marks, one-sixth of that, therefore equal one-sixth of a dollar,—1é 23 cents. On the theory that “a mark is a mark,” the debtor could wipe off his $5,000 mortgage for 16 2-3 cents,— less than the value of a dozen eggs. se That is, he can unless the pipe dream comes to a sudden end. For one thing the German courts are rul- ing thatthetheory “a mark isa mark” doesn’t go,—that a debtor has to give back a fair equivalent for what he re ceived and that present paper marks worth 120,000 to the dollar are not the fair equivalent of former gold marks at four to the dollar. oe 8 Furthermore all pipe dreams are too good to be true. They are not what they seem. The smoke is wear ing off in Germany and they are com- ing down to earth with a dull thud. It is beginning to be realized that the net result of a paper money night: mare is that producers are robbed and speculators .enriched. Farmers are unable to raise prices for their products fast enough to keep up with the falling purchasing power of un- sound money. The value of such money slips away from them like a handful of dry sand. It brings back to them less in purchases than they gave of their products to get it. 8 8 The farmer as a result can’t make ends meet and when he gets into dif- ficulties the unsound money specu- lator steps in and buys up mortgaged farm lands cheap—ancd thus it is mostly the spectlator who profits by paying off the mortgages with cur- rency worth less than a dozen eggs,— unless the courts stop him. se 8 More than that, if farm mortgage debt can be paid off with almost worthless currency, so can corpora- tions pay off their bonded debt,—the bonds in which many a farmer’s sav- ings, and many a widow’s and or phan’s inheritance, are invested. se Before the war, with marks worth 24 cents gold, the deposits of the thrifty in German savings banks were worth over five billion dollars. Today. although these deposits have multl- plied many+fold in terms of marks, their real value is only about half a million dollars gold. That is what a “loose money” plan does for common folks. Pipe dreams are wonderful while they last—but shattered health, mis- ery and despair are the final penalty The ones who profit are the dope sellers. Unsound money is a pipe dream—and the penalty is economic ruin, misery and despair for the ma- jority. The ones who profit are the speculators. “JUST LIKE DADDY,” AN ECONOMIC FORCE By J. H. PUELICHER President the American Bankers Association. “Like Daddy” —these two words, that ex- press the imita- tive nature of children, occur to me as I think of our parental re- sponsibilities in respect to both the thriftiness and the thriftless- mess of our boys and girls. The accent belongs on both aspects of the case, for we have yet to find a person who is the perfect example of thrift. Even Ben Franklin admitted his lack of attainment after his years of self-admonishment and self-criticism —and his temptations were not so great as those of today. Every reader will admit his deficiency in thrift. So will I. And what of our children? Will they copy us? Will their attitude toward thrift be “like Daddy’s?” Will it be thrifty or thriftless? It will at least be largely influenced by it. The thrift of the next genera- tion is in the hands of the present. If our children are “out of hand” on their habits, whom have we to blame but ourselves? Remember this: The next genera- tion will be subject to the same laws of economics, the same rules of suc- cess, the same principles of happi- ness, as prevail today. A habit of thrift is one of the best possible char- acteristics we can mould into our children’s natures during their habit- forming years. Its value will be ap- parent throughout maturity, whatever their lot, whether at the helm of large enterprise or steering the more hum- ble affairs of a home. Thrift will be the basic principle in the economic life of our nation and its system of producing and exchang- ing commodities. Thrift is always both of social and of individual advan- tage. Each day finds us empanding both in breadth and in depth of our resources of enjoyment and our op- portunities for service as we practice thrift. But how shall we bring about hab- its of thrift? Is there any other way than by teaching, whether by direct precept or by the unconscious example of our own habits, continually im- pressing themselves on the receptive minds of the young? “Like Daddy” expresses one of the most powerful social and economic forces there ts. J. H. Puellcher 4 GOODSYEAR Service Station Lo £2 “ibis, LUTCHING, cling- ing, digging, the big thick blocks of the famous Good- year All-Weather Tread bite through mud crsnowto solid footing beneath. That powerful grip means safety, and it means economy,too; foritinsures against spinning wheels, loss of traction and un- due engine streic As Goodyear © Dealers we mend th Cords Wea , them: G JOHN HOENE GOoD*YEAR “Western Made for Western Trade" DR. J. E. REILLY Dentist Office, Nuxoll Block : Both Phones POSSI TET OOTOD Reese edoesonseedeeceagenteeceeceeteateeteatoeteeteatoateateateatenteeteatea: DR. J. D. SHINNICK Physician and Surgeon Office over Cottonwood St. Bk. Beste eo oad ateaZoateateetoatoaseatoate sfoateeteateeeateats DR. WESLEY F. ORR Physician and Surgeon Office in Simon Bldg. Both Phones Peete eoatetoato ete ie aloete sonteettenocdotate toate eeatetecd Breese toctecteteeseeetectectrteatettecteceatentees $ DR. C. SOMMER Graduate License VETERINARIAN Deputy State Veterinarian Residence North end of towm Both Phones POSISS SOSH SEEDED ROTS eteateetoodeteatoodetoagetocgetoeteteetetondeeatecteteatege KNIGHTS OF COLUMBUS Cottonwood Council, 1389 Meets the first and third Vednesday of each month. Visiting knights welcomed George Terhaar, G. K. Barney Seubert, F. S. SS So So a a ee a et es ee ee ee KNIGHTS OF PYTHIAS McKinley Lodge Na. 38 Meets every Tuesday evening. R. M. Matthiesen, C. C. John Homar, K. R. and S. POPPE ISHS SOOT SOO Seeseseeteetentententententeedeedecteteatontentencecdentectectectetege FELIX MARTZEN Secretary Treasurer COTTONWOOD N. F. L. A. The more fires the more cost. Every policy holder can cut 3, down cost in a mutual by care- 4 fullness and fire prevention. If it is a loan you want we can acconamodate you. 5% per sade edoasestoedoedendeadeaeatectonteetenteateatectoateeteatoatontecteatease cent for farm loans, Insurance in the Northwest- ern Mutual.—the policy holders company with a clean record and insurance at cost. The less fire the less cost. EPPS OOOCOOOIS JOHN REILAND CONTRACTOR & BUILDER Estimates furnished om any class of Work. Repairing promptly done. = CATARRH Catarrh is a Local disease greatly in- fluenced by Constitutional conditions, HALL'S CATARRH MEDICINE con- gists of an Ointment which gives Quick Relief by local application, and the Internal Medicine, a Tonic, which acts through the Blood on the Mucous Sur- faces and assists in ridding your System of Catarrh. Sold by druggists for over 40 Years. ¥. J. Cheney & Co., Toledo, O, Try an ad in our want column. They bring big results.