The Key West Citizen Newspaper, June 25, 1936, Page 2

PAGE TWO The Key West Citizen Published Daily Except Sunday By THE CITIZEN PUBLISHING CO., INC. L. P. ARTMAN, President JOB ALLEN, Assistant Business Mai From The Citizen Building Corner Greene and Ann Streets wer Only Dally Newspaper in Key West and Monroe Entered at Key West, riery- -SIXTH YEAR Florida, Member of the Axsocinted Press ; The Associated Press is excl entitled to use for republication of all news it or not otherwise credited in this paper and also the local news published here. SUBSCRIPTION RATES One Year Six Months Three Months One Month Weekly ADVERTISING RAT known on application. as IAL NOTICE All reading notices, cards of thanks, respect, obituary notices, ete., the rate of 10 cents a line. Notices for entertainments by churches from which @ revenue is to be der The Citizen is an open forum and invites discus- sion of public issues and subjects of local or general interest but it will not publish anonymous communi- cations. resolutions o' will be charged for at IMPROVEMENTS FOR KEY WEST ADVOCATED BY THE CITIZEN Water and Sewerage. Eridges to complete Road to Main- isnd. "re Port. Hotels and Aparcments. Bathing Pavilion. Airports—Land and Sea. Cx solidation of County and City Governments. smhere are many kinds of fights but few to compare with the family row, un- less it is a church struggle. The electorate of Florida did not go all the way with Petteway, but went for Cone in the grand manner, Whenever a writer wants to be quoted, all that is necessary is for him to say something nice about someone else. Many merchants in Key West would do better if they asked their customers to confine their “charge it” to their batteries. Finland is slightly than state of Montana debts regularly to © and Italy. larger the hame England, France The New Deal seeks the age of plenty through the doctrine of scarcity. If this experiment proves correct, the writer is willing to eat the hat, rabbit and all. United States more money, (and the Possibly because the will not lend any ‘debtor nations know this), the war clouds } _over Europe are held in check and_ in- definitely eclpyed: Key Westers need not be apprehen- “sive concerning the election of Mr. Cone. In a letter to one of his constituents he promises to continue the road work from “Key West to the mainland and agrees to “work with Monroe County folks 100 per | -eent in every way possible.” One of the eeaaate in election campaign said he would conduct the office to which he aspired “with all the sincerity I poss " It is to be pre- stmed since he qualified his virtue, the yoters (keen enough to make the observa- tion) took no chances and voted for the other fellow. No voter could have guessed, the sincerity he possessed. The Citizen thinks it is a very fine gesture Rev. Shehane, pastor of the First Baptist church, is making by offering his services in any way that he is able to ren der in the interest of Key West. In the short time he has been in the city, the new pastor of the First Baptist church has ~made a very favorable impression on all with whom he has come in contact, ing this writer. Innocent or guilty, Roy Fulford was made the target of an embittered elec- -torate in its resentment against the out- politicians. the absentee vote will receive the sanction ‘of the voters again; their confidence has heen destroyed and can never be repaired, regardless of the innocense or guilt of those benefited. atches credited to | but she pays her war, the recent | SUPPORT THE CHURCHES Every cemmunity has, among its wise men, those who scoff at the church. They | can tell you a lot of things that church members do, and they expect you | to believe that hypocrites keep them the sidewalk looking in. Don't be so foolish as to believe these ! talkers, even if they have fooled them- selves, and really think they are some seekers after truth. They will talk blind ! ly about tolerance and intolerance, etc. and ; etc., and wind up their discussion with a! few pot-shots at religion. It’s an amusing custom. Regardless of what you don’t forget that religion is the real force women. Religion is vital to many people who are called “narrow-minded” “straight- laced” by their “liberal” fellow-citizens. Supporting the churches of Key West is a good work. | that a man or woman should enter into religious, or church work, merely because it is one way to become known as an up- right or reliable person, and thus to “stand well” in the neighborhood, yet it is better to do this, and help the churches in their work, than to stand on the public thor- oughfares and make yourself known as a critie of the churches. and SCIENCE MIGHT AID MARRIAGE Human beings have undertaken about every form of investigation and study that their imagination suggests with i ah exception in regards to the science of successful family life. Why the church or the states should expect two young people to “get married” and stay happy as a matter of course, is beyond our feeble brain. That there is much to be learned in the habits of loving, and that the experience of older married couples is valuable to younger mates if available, ought not to be subject to dis- pute. Somebody ought to attempt to write a book on the subject of marriage, its duties and responsibilities, with advice and aids of a sensible and practical nature. may be a miracle, and we're inclined to any other plant. SIDELIGHTS By MARCY B. DARNALL, Former Editor of The Key West Citizen Name oddities reported by the Path finder: Humbug Chemical Company makes bug poison in North Carolina; Tony Horn bas served as a university cheer leader; Leake is an Illinois plumber; Miss Lyon is secretary to Mr. Lamb of Indiana; Dr. Cleaver is an Ohio surgeon, and Dr. Aker is a Minnesota dentist. In contrast with the mania for more and muvre speed, a slow automobile race was recently held in England, in which the winning car made only half a mile an hour, yet kept the motor from stalling during the test. Interesting, perhaps, but not likely to set a new fashion in motoring. “Space is devouring matter,” accord-! ing to the great Einstein. But it also some- times works the other way around. Read- ers may have observed that inconsequen- tial political matter is devouring an undue amount of newspaper space just now. An Oklahoma youth, convicted of felonious assault, was given his choice of } five years in the penitentiary or confess- his home town church and promising | lead a Christian life henceforth. | It is per- haps needless to add that he decided | confess and promise. to | The fool-killer was fortunately on the} . rage of the ballot perpetrated by crooked | None of the beneficiaries of ; directed a bullet to its proper mark. A lawyer while arguing a case grabbed a pistol and began brandishing it in front of | the jurors to illustrate how his client shot } j his victim. The lawyer accidentally! | pulled the trigger and killed himself. on} sincere | might hear | in the world that leads to better men and | The organized churches are the real servants of mankind in promoting and } encouraging high ideals in everyday life. | While we do not think | perhaps | Love | believe that it is, but unless backed up by | some intelligent cultivation it will die like ; A.| } ing his sins before a large congregation in, includ- | to} job in a Detroit court room recently and’ who tries to kiss her—and THE KEY WEST CITIZEN ~ You and Youg: | Nation’s | | _ The Unitéd States Treasury has | just closed the subscription books on | a loan that is described as the largest peace-time offering in the history of the country, and at the lowest interest rates ever offered. The total asked for was $3,050,- 754,000. Of this, one billion is “new money.” to be added to the general fund balance, which will thereby be increased to more than $3.- 000,000,000. The remainder of the loan is to efund matur- ing bills and notes. As a result of this latest loan transaction, the federal debt will be increased to more than $32,000,000,000. | _A large proportion of the holders of the maturing paper probably. sub- scribed to the new issues on an ex- change basis, and the huge total asked for was over-subscribed, which sug- gests that more than this amount of | funds was seeking investment oppor- tunity. Throughout the depression the treasury has experienced no difficulty in placing its loans at favorable in- terest rates. The apparent ease with which unprecedented peace-time fed- eral borrowing operations have been Danger! Explosives! By BARLEY L. LUTZ ? Professor of Public Finance, Princeton University handled has tempted many, including some officials of the treasury depart- ment, to conclude that the federal credit is strong and getting stronger. ‘They see, in the competition for sub- scriptions and in the low rate of in- terest, evidence that the federal gov- ernment enjoys a high credit rating. While it is true, fortunately, that there is no indication. as yet, that the United States cannot pay the interest, and ultimately the principal, of all of the debt that. has been issued, it is by no means true that the pressure to subscribe to the successive issues and the gradual decline in the inter- est rate are genuine evidences of a good credit rating. It would be very | strange indeed if a government that had operated on a huge deficit for years and had thereby more than doubled its public debt over the amount outstanding when the period » of budget deficits began. should have a better credit rating in the opinion (Address questions to the aut Affairs i of itfvestors'thap if had enjoyed in the days when :it was rapidly reducing [S@ FSun its debt out of surplus revenues. As a matter of fact, the govern- ment’s credit is not as good as it was | six years ago. The ease with which | the huge loans of the depression pe- riod have been floated is due almost | entirely to an abnormal bank credit } situation. This-abnormality is in the | enormous volume of excess bank re- serves, that is, member bank deposits in the Federal Reserve Banks in ex- cess of the amounts required as legal | reserve against their respective de- | posits. Such excess reserves are idle | funds and the banks are eager to get | whatever can be earned on them. | The demand for federal bonds and notes is not a bona fide investment demand; on the contrary, it is an arti. ficial, highly temporary demand, in- | spired by the pressure to put idle funds at work, however low the re- turn may be. None is justified in con- struing this situation to indicate a good credit rating. The danger of do- ing so is that both the government and the people are encouraged to take | a wholly superficial attitude toward the real significance of continued budgetary unbalance and further borrowing to finance excessive ex- penditures. Another aspect of the situation that is never dwelt upon by treasury offi. cials is the fact that the excess bank reserves have been created by earlier operations in the public debt. When- | ‘ ever further heavy borrowing may be decided upon, the funds for the | purpose can be created by open mar- ket operations in federal securities. | The President has authority to order | the Federal Reserve Banks to buy | additional large amounts of federal paper in the open market. He may also direct that the huge stabilization | fund. resu'ting from dollar devalua- tion be used for this purpose. Thus it | is always possible to create more | funds for investment, if other loans are to be floated. | This kind of credit inflation does not indicate a good credit rating. It would be more apt to say that we are striking matches in a powder maga- zine to see just where the powder is. Every year in which we continue such financial tactics by spending far more than we collect in revenues in- creases the likelihood of a terrific in- flationary explosion. Those of us who are not destroyed by this explosion will probably be so badly burned by it as to make recovery doubtful. hor, care of this newspaper) KEY WEST IN DAYS GONE BY | Happenings Here Just 10 Yea Ago Today As Taken From The Files Of The C Bo.ivar Rec city council last evening retauve! t+ maintenance of the Duval treet whiteway, which was ri jcently installed. He endeavored ; to aseerta'n the status of the mat-! ‘ter and asked to be informed as !tol what steps have been taken to- wards its maintenance. He was informed that council had taken | no steps toward this matter, which’ ‘was still being considered and it pwa hoped that some solution to the problem would be arrived; Aft.r a lengthy discussion, it decided to appoint a commit » to meet with Manager B. L. Grooms of the Key West Electric | company and arrive at some sat- isfactory adjustment, J. A, Weatherford is remodel-! Ning his pretty residence at Eliza- beth and Caroline streets so he {will have two more modern light housekeeping apartments for per- lsons desiring them next Winter. |The improvements ate costing 'Mr. Weatherford several hundred ! dellars and will add materially to] the appearance of the building. | i i Organizers of the State Bank,| which is contemplated in Key} West. ask all interested citize’ to call at the temporary office of | ithe organization and acquaint! ithemselves with the steps which| have been taken to seccre a char-| ter for the same. Stockholders of } | the proposed bank are all men of | ;means and stability in this com-! ‘munity and in Boston, but they; {desire the cooperation of the’ promised depositors and their} {moral support. | City council met in special ;sion last night j7fer, purpose o: jtaking up the matter of confirm-' ing appointments recently made by Mayor Leslie Curry. The two! | appointments in question are that of ant. of police and _jailor. | Roberts was Selected as }Sergeant and Robert Carey was! jeppointed as jailor. | | } Harry Editorial Comment: {Batchelor says that the ern young woman does think much of the young Bill} mod-} not man ' fails. | Wesley T. Weatherford, con- nected with the A. and T. Pi station, and Miss Florida Adams, | were married 8 0’clock last night | in the First Methodist church par- jed to the ining ‘opened to the public on the eve- sonage. Rev. L. I pastor of the church, performed the cere-| mony, At the conclusidn of the ceremony the wedding party went} {to the home of the bride 804 Caroline street where a reception} was held. Musi at and singing add-| enjoyment of the eve- and Mrs. Eva Torano sang two beautiful numbers. Hl been received! has Notification ha ‘ahet the ne department awarded certain land to be a part! of the plan to widen White street. } The land in question is that cer- tain tract of land about 10 feet wide and 200 feet long, extending along White street at present in-} closed within and constituting a part of the grounds of the United} ates naval hospital. { i | The new Cuban Club stadium, | adjoning the pretty Cuban Club on Duval street, is now receiving | its finisihg touches and will be ning of July 5. One of the most} interesting and variegated enter tainment programs ever inaugu- rated in Key West is being ar- ranged for the opening. The best | boxing- material available in Cuba will be pitted) against some of the stars of the squared circle in K West, and some thrilling bout: are anticipated. The Athletic Club's voileyball stars continued its winning streak when last night it defeated the team from the ine detach ment at the barrac' The Ath- letes have taken three straight games, AIR CONDITIONED COCKTAIL LOUNGE - COFFEE SHOP Rates--Single with Private Bath 78 Rooms $2.00 - 80 Rooms $2.50 40 Rooms $3.00 - 24 Rooms $3.50 10 Semple Rooms mith Private Bath $400 Shght imcreese for double occupancy Other £8 POUND Hd | HOTEL PATIEN W WOFEU DFsOr0 Casnenoose, Tenn {Ist ‘cloudy tonight | akly fand East Gulf: jare | upper ! maximum readings from } 104 : Highest \ ! Lowest Mean mal Mean Rainfall*™ | Yesterday’ 's Precipitation —T. Ins mal Precipitation -11 Ins. covers 24-hour period clock thin morning. sets Moon rises Moon quarter, sets June Tomorrow's Tides High ! Low tharometer 8 a Sea level, 29. WEATHER FORECAST (Till 8 p. m., Friday) Key West and Vicinity: and Friday, showers; gentle winds, mostly Partly prob to moderate variable east oF southeast. Florida: Partiy cloudy and Friday, probably showers south and east portions. Jacksonville to Florida Moderate east tonight in Straits variable winds mostly southeast over south portion and northeat- over north po n; partly ast weather tonight and Fri- y with occasional showers. WEATHER CONDITIONS A high pressere area, crested this morning over the Valley and preads the country from the cen- tral and sovthern Plains State eastward to the Atlantic coast, Louisville, Ky.. and Nashville, 30.14 inche while mod- distur central over the far Southwest, northern Plains States, and off the Atlantic coast, Phoenix, 4 inches, Huron, S. D., inches, and Eastport, Me., inch Light to moderate ers have occurred during the last 24 hours throughout the Atlantic States, in portions of Texas, the northern Plains States, and Reck: Mountain rezion. Temperatures lower Ohio Tennessee, over are nort Ariz., somewhat below eastern and end abnormally high in the north ern Piai and extreme Valley, with 102 to normal in southern — section degrees yesterday western Dakotas. in the KE sym Offi jal in Cha 6 at Today's Birthday ys Sec eceecccre--cccccceees Anniversaries ececece Aug ther and Angeles, De 1837—Th Confeder and ch Island born Aug 1865 artist New Yor (ese eset Ltigesesdg ted i.| ANNOUNCEMENT TO VERERANS We « charge that that v , dd ddd hd The First National Bank ot Key West Member of the Federal Deposit Corporation MAES lesurance a. VAP APR EOP BAB BAABA LP a ,) Rinied SIIIIIIIIIIIL IT T® POPP PI ee BALD LL LA, A Time. South Florida Phone 598 N) N « A) % a N) N) aN) ) . : N a 4 iN) =n ,) N) N) it A) ih) aN E | N) ) N) ) i) N) ® N \) VETERANS Put Some of That Adjusted Compensation Money Into Something That You Will Enjoy Thru The Years. Lift Housekeeping Burdens From Your Wife--Modernize Your Home. It Is The Place You And The Madam Spend Most of Your See Us For Anything You Need In Lumber, Building Materials, Household Fe hdd dadhd de dhad edd he dad de dicde ddd Supplies, Etc. Contracting & Engineering Co. White and Eliza Streets “Your home is worthy of the best” \WrmweeereTa Teas. S$A¢s,eirdirtttitédids