The Key West Citizen Newspaper, May 16, 1934, Page 2

PAGE TWO © ~~ Piibiished Dally Rxeept Suridaw By ‘THE CITIZEN PUBLISHING 00. INO. L. P. ARTMAN, President, Srotitend Gites arsting? vorrier Gréehe-and- Ann Streets Only Datty Newspaper in Key West ana Monroe _ County. Bee “ entered at Key West, Florida, as second class matter The Associitéd Press in exéfusively efititied to! uss for repuplication of dll riéws dimpatclies dreditéd to it or not otherwise credited in this paper and also J riews published héte. g ADVERTISING RATES Made known on application. SPRCIAL NOTIOR all reading notices, cards of thanks, resolutions of isch notices, de ‘will be ‘churwed’for’at s for entertainments ay, churched. — which © revenne is'to be Cy ong 2 a ‘The Citizen is an ope! subjects intereat bute areas toh enema! cations. NATIONAL ADVERTISING REPRESENTATIVES FROST, LANDIS & KOHN 250 Park Ave, New.¥ork;.35 East Wacker Drive, CHICAGO; General Motors Bldg., DETROIT; Walton Bldg., ATLANTA. to “attack wroug or to’applaud right; atways fight for progress; néver be the or- | gan or the mouthpiece of. amy yersom clique; ‘| faction or class; alwayw do its utmiost-for the public welfare; Hever tolerate cortuptivtt or injration; ‘Aétiowtics Vice dnd: praise virtue; , conimend good done by individual or orgen- - ization; tolerant of otherw’ rights; views ud opinions; print only news. that will dlevate | and not contaminate the reader; never com- | promise with principle. NO STOCK MARGIN? Senator Bulkley of Ohio, who was ré- sponsible for divoréing batiks from their| investment affiliates inthe Clas#Steagall | Act, now: urges that marginal stock trad- “ing be prohibited altogether in the security exchange bill. This effort would not be THE KEY WEST CITIZEN AMERICAN LeEcron Wr ‘PicTURES’ | taken very seriously except for the respect |. feltiin the senate fér this senator’s judg- |)” ment on financial matters. Though’ his | Wtoposal lost in the banking and. currency committee, he was supported by Senators }. Glass and Costigan, authorities, the former a conservative and the latter a liberal. There may be a real "| fight ‘about it. The measure as réported by the com- Mittee requires the buyer of securities to put up -with his broker not less than 45 per cent of the market value, the broker carrying the other 55 per cent, and the “margin”, as brokers reckon it, being 45- 55ths, a fraction over 81 percent. Senator both recognized | Balkley’s plan would compel full purchase | in every ¢ase. ‘here may be a good moral argument for such outright cash purchase. The prac- tical argument, however, doesn’t look so | good. The gréat’ value of: the stock mar- ket consists:in free movement of securities t} and high liquidity. Complete purchase “would make the market soi stiff and slug- }-gish that it would not’serve its‘purpose so }} well, and all business activity based on liquid securities would suffer. The 45 per | cent provision for the customei’s equity in- terest is-probably high enough. _NO FREE SERVICE D There is a growing belief on the part '| of business men that Many concerns are IMPROVEMENTS FOR KEY WEST 1 ‘Water dnd Seweriige. \ 2. Brliges to catiplete Toad to Mah land, > 8; (Pree Port. 4 Hotels and Apattments | $a Fiat. vand’ Bea. i ie Consolidation of County and Clty Governments. “Bany money is maid veasy to get, but ‘hard to hold. Our constant aim should be to keep the “R” out of Revolution. “The most provoking hushand is ‘one who talks indistinctly in his sleep, Another paradox: ia that lightweight writers men sling the heaviest ¢hinke of mud. ' pare ot Sometimes genius takes'the — being able to cash in on “ether ideas.’ - 3 id dojilcenioth Wan Wkion the’ vine your fingers, there is consolation that you have-the fingers still. carrying the idea of so-called free service too: far. The fact is that no such thing.as No. 1 German infantry breaking thru barbed wire. No. 2 General von ‘1799 — Honore WEDNESDAY, MAY 16, 1934, regnays 22nd Vice President of the U. S., New York wovernct. ‘Nort sit Stioretiawt, “Vt. Rhinebeck, 'N. ¥., May 16, onsets ed 1831+-Daniel Manning, a French advelist, born. : Died KOE: N. ¥. Died there, Dec. 24, 1887. 1832—Philip D. Armour, Chi- TS, 1850, cago’s ‘pioneer meat -paeker and flitanthropist, born at Stoek- bridge, Ny Ye Died in Chicagoy ~ 6. 1981. —— 3 1848—Mrs, La Salle C. Pickett, author and leetuter on thé Séuth, widow of the famed Confederate general, born-in Virginia, Died March 22, 1931. 1801—William H. Seward, New York governor,..U. S. Sena- tor, Seeretaty of State under Lin- coln afd: Jolinson, -born at |Flor- lida, N. Y. “Died at Auburn, N. |¥., Oct. 10, 1872, — | 1804—Elizabeth P. Peatiody, ‘Boston teacher and writer, arog’ the first kindergartners, born at Billeriea, Mass. Died in Boston, Jan. 4, 1894, farmers’ The index of dairy _ ose pricés for 1933 was 69 1824—LeviP. Morton, banker,| with 140 in 1928. ——— dabdadetauededsoes eeece cusevusequneteesssuncedes POLITICAL ANNOUNCEMENTS For the Primary Election, Tuesday, Sane 5, 1934 cccccccccccccccccecccasesesesessocsocdscedseeees 7 . For State Senator | “= ‘For Reprolontutive To State Legislature - AQUILINO LOPEZ, JR. For Represeritative Fo State: | ' | Hindenburg, commander of the German forces. No. 3 German prisoners of war. No. 4 American Red Cross: ambulance at the front-and-No. 5 Americans making thelr way thru Belleau Woods. || free service exists. All sér'vice which costs money to perform must be paid for by someone, “ Take such a simple example as that of free delivery of merchandise sold, and it may ?eadily be seen that the maintenance of delivery trucks or méssengers adds to the merchant's expense of doing _ business. He must -pass this expense on to his cus- tomers ‘it the form of an increased price for his goods. While this is fair and proper in prin- ciple, the injustice lies in that the customer who does not demand delivery must usually pay as: muchas the customer who does, If 10-0ne required delivery the price might be correspondingly reduced. That this is true is iNustrated by the “cash and carry” stores and in a modified degree by the eafeteria system. ‘The same principle applies to all busi- ness which supplies “free” facilities or service to customers. In the long run some- one has to-pay, although it is not .always the customer who receives the benefit of the extra service. BUSINESS SALARIES $l f } iv The Federal Trade Commission asks business executives.of 900 large _corpora- . tions to.tell it what salaries they, get, and “seVeral dozen of thenr refuse. ‘So thé com- mission calls them to Washington to ex- plain. The commission is of isn’t “nosey,” |, -}-aceording to how you look at the matter. If there are people on the.moon they have little to talk about, for there: sack, day's weather is the same. Likewise the public which the commission represents. It doesn’t do to ee flatly that this is “none of the government's business,” at a Surely there's a poultry code needed | time when private business itself is more for those two Plymouth, Rock ‘Wens in} dependent on government than ever be- British Columbia that each laid.180 eggs in 182 days, When the foes of “regimentation” get it licked in this couttry, they'll still have a big’ field for — in. all the other countyiés, « . A last we'll get. the lowslown on Old. Man Ocean. William Beebe, Amer- jean Sefentist, is going to deliver a lecture from the bottom of the Atlantic. fore. When business demands or accepts public help, it also assumes public re- sponsibility. “Public office,” we have always said, “is a public-trust.” Private business direc- | tion has become so much of a public func- tion that we begin now to regard. private office as a public trust. THE BOYCOTT AGAINST SILVER The friends of silver keep pushing hard for its place in Uncle Sam’s money program. The silver states believe that} A. lie or scurfilous statement is given | siiver should not be discriminated against quicker currency than the truth, but they) and that it should have its “social” as well act Hike a boomerang, and smite the -©f~} as eronomic place in the sun, The big bear fender worse than the inmocent assailed. Police officials iiform us that Dil-} more. Silver seems to lodk good ‘to the! If he isn’t} limited few people in high places who linger is not a smart fellow. smatt, What are those cops who have been trying for weeks to. catch the elusive! criminal? | bankers were the original friends of gold, but they are not.running the . nation - any actually know something about world}tenement house at finance, The indication’ are that the boy- cott against silver ie about over. i ied vitinity of the city. ~ KEY WEST IN DAYS GONE BY Happenings Here Just 10 Years ‘Age Foday As Taken From The Files Of The Citizen ACROSS . On thé ocean . Any climbing woody perennial ). Middle name ‘of an Amer!- dan writer 4. Forsaken ; Rose-red dye JE IOI] “What? isthe matter with local{ polities.” “Things are so slow you would not think an election is near.” “Probably by next’ week the candidates’ will show} a0. some pep.” These and other kin-)" 19. dreii expressions are being heard | 2 on every hand and it seems that | the only plausible explanation is: that candidates are “keeping quiet jz and sawing wood.” The campaign- ing by some officers is pais E more “Thtebsive each day, but no} oy Bae accalaure Ureate $0. Keyptian god outward activities are apparent. | 'g3."RapRacntauive Sh. Seamer % { 31. Pablic display = Young salmon While The Citizen has several’ s2. . times stated its position regarding | the candidates for office at the; . primary election to be held on; June 3, yet it feels obligated to: do the same thing again because | of circumstances that arose . on the afternoon when Bayview Park was formally opened. It was sug-: gested ‘The Citizen say so and so gave this or that to the park or that refreshments were furnished ; by this man or that one. At this! time this paper believes it will be! well to chronicle events as they} happen without stressing the ac-' tivities of any individual who is} in polities. This has always been [ its attitude and it is believed to! be the best in mattefs of this kind.* judicious ina maiete ot 5 Sent ts for clergy in the chancel near the altar 3 Pertaining to . Indisposttion to move or act Work ¥ 63. Fortified place : ‘Total surface 64. Andean beast 4. Ovule ‘of burden 5. Support fora 66. Egyptian solar picture is 48. Leaven 67. Ancient slave Editorial comment: The speed-} er does not ‘tsually realize how! fast he was going until the judge | says $20 or some other appro-) priate sum. t } Peter B. Roberts, the caretak-| er at Curry’s Aquarium, has suc-j} ceeded in getting another Nassau turbot for the tanks. He had a; fine collection of these beautiful fish upto the night the water was turned off.and the fish were kill- | ed. Members of the Key West Chamber of Commerce and other citizens who met and entertained} the Greenville, S. C., chamber when they were on their way_to eg Havana, have hee Greenville any time ey are iM isurrounding property from dam- During‘ age. ithe sulmmer many Key We stersy |spend a few months in the moun- tains of North Carolina and en-} route Will stop to renew acquaint: | TePpeated tonight tn the suditoriam Jances and friendship formed |°! Harris school ee Jwhile the Gréenviflians were inj Proeram has bee Key West, it ix said. The inj —_ The fagpsle | in ) Bayview Park, and Police Officers Dalbert Beth- which was given by the Water.cl, Cleveland Nilés and Mack: Litlies, was erected ftee of charge | Walker started out yesterday. aft-| by Ernest Perez. ‘| Two fires occurred in ‘West last night. One in a small |the éity. Olivia andi siade at places ane te Port. streets and the other a trash dling wet goods bet in Bile at Southant and Thomas them were any evidences streets. ‘The Bouse itdifdeitroy-!fractions of the law foutd, Che Daily Cross-word Pisade 00000COCSOOOESEO OOOO ESOSSTESTEOES Solution of Yesterday's Puzzie 10. ber IL MEGRO HO Osu «gare , AT OIME Mm IRIE MMOIRIT| it Strvoaes. 1. Rah away to BERNIE C. PAPY For County Solicitor J.F.BUSTO For County Solicitor “Old Maid’s Club” will be! Captain of Police Ivan Elwood) 20. Wi 4. Rete <* 38. ‘Gacepen MIETRIETS} 39. Suvscquene ¢ onentet }. Phenician . Mountainous region in Austria . Place to sit & DOWN 5 i mouns gare Clark D. Stearns, U. linforming ed by the ‘ganization |“ Americaniem ernoon in search fee alge > ALLAN B. CLEARE, JR. For County Commissioner | - One - For County Commissioner-at-Large Fifth Distriet ROYS. FULFORD For County Commissioner . Pifth District RAYMOND M. MALONEY For County Commissioner Fifth District NATHAN C. NILES For Member Board Of | Public CONDENSED STATEMENT OF CONDITION OF THE FIRST NATIONAL BANK ‘OF KEY WEST as at the close of business Merch 6, 1934, 'e Call + means 22,995.95 ‘ - Some man pulled the trash tain Elwood and his force of effi- n invited to vi8it into the street and possibly saved: cient officers will continue the