The Key West Citizen Newspaper, June 29, 1936, Page 2

PAGE TWO The Key West Citizen Publis pt Sunday By THE CITIZEN PUBLISHING CO., INC. L. P. ARTMAN, JOE ALLEN, Assistant i From The Citiz Corner Greene and Ann Streets Only Daily Newspaper in Key County. West and Monroe matter Member of the Associated Press The Associated Press is exclusively entitled to use for republication of all news dispatches credited to it or not otherwise credited in this paper and also the local news publ i j story of a hobo’s life. THE CARE-FREE HOBO There was a hoboes’ convention Chicago some time ago, and one phil- osophical delegate, known only by the name of “Slim,” told in a few words the Now the hobo, it must be remembered, hobo travels opportunity offer. The three classes—tramp, bum SUBSCRIPTION RAT One Year Six Months Three Months One Month $10.00 5.00 ADVERTISING Made known on application. RATES SPI AL NOTICE All reading notices, ‘ds of thanks, respect, obituary notices, ete., will be the rate of 10 cents a line. Notices for nents by a revenue is to be derived are The Citizen i sion of interest but it will not publish anonymous communi- cations. . resolutions of charged for at hurches from which cents a line. an open forum and invites discus- IMPROVEMENTS FOR KEY WEST ADVOCATED BY THE CITIZEN Water and Sewerage. Bridges to complete Road to Main- iand. "re Port. Hotels and Aparcments, bething Pavilion. Airports—Land and Sea. Ceysoiidation of County and City Governments, SHE KEY WEST CITIZEN WILL always seek the truth and print it without fear and without favor; never be afraid to attack wrong or to applaud right; always fight for progress; never be the or- gan er the mouthpiece of any person, clique, faction o7 «lass; always do its utmost for the publie welfare; never tolerate corruption or injustice; denounce vice and praise virtue; commend good done by individual or organ- ization; toierant of othe rights, views and opinions; print only news that will elevate and not contaminate the reader; never com promise with principle. The world is well organized, unfor- tunately for war and not for peace. Most men wiil go to any amount of truble to be able to have a good time. The parking problem is getting to be a real concern to the younger generation. Arguments are unending; they rarely settle the issues, although they unsettle the disputants, In November the ciephant must once more say adieu to the donkey. The pachyderm is always ready to go for he never fails to carry his trunk with him. We trust Dr. ful to the Elk: the Flori- dians.—P. E. B., in Tampa Tribune. The oracle has spoken; form your con- clusion, Sholtz will be as he’s been to as faith- own “Thumbing,” in cowboy language, meant to jab the horse with the thumb to make him buck more. The automobile gave “thumbing” another meaning, uni- versally understood. Dave Sholtz is eliminated from state politics. The next governor of Florida will be a good one. The house and senate will be new chastened. Florida headed for better government. and is Is there a word in the English guage which contains all the vowels?) Un- questionably. Js there a word in the Eng- lish languag#e which containg-ell-the-vowels and in sequence? Don't be so facetious, lan- There is Rornte so false in economics as the teaching, usually based on envy, that the only way for the poor to get rich is to pull the rich down. Soaking the rich m result in drowning the poor, as the vernacular expresses the thought. Can it be pos election crooks have moved to Key West? Dade City Banner.—Tampa_ Tribune. Nope;_it was the genuine home-made ar ticle, though we picion Tampan fluence hardened and heartened them. in- ible that the Tampa} | hobo—have been described thus: The tramp is a traveling non-worker; the bum | is a stationary non-worker, but the hobo is | season- | a traveling worker, who epts able or temporary employment wherever he can get it. But let “Slim” his own words. He say “The hobo may be defined as the stifl who built the railroads and rides the rods; who built the highways and _hitchhikes; | who stacked the wheat and eats — stale bread; who mowed the hay and sleeps on it. About the only surplus remuneration he ever received for his essential services was his freedom, and he will not part with it.” And, come to think of it, there are some compensations for the hobo’s rather precarious existence. dress up in uncomfortable clothe: he doesn't have to conform to a lot of foolish social customs; he doesn’t have to listen to luncheon clab orators or other speakers who bore us superior folks stiff. Maybe it’s fun to be a hobo, after all. SIDE LIGHTS S8y MARCY B. DARNALL, Former Editor*of The Key West Citizen Jules Sauerwein, foreign editor of the | was astonished recently to see | aris Soir, an article in the London Times referring to him as ‘the late Jules Sauerwein.” As the humorist Mark Twain once said, this report w greatly exaggerated. Monsieur wauerwein informed the Times of the error and suggested that to even things up should announce his birth. His suggestion was ignored, because he did not the price of the announcement. enclose The Reverend Phillips Osgood of Bos says one should laugh to keep trom going crazy, and perhaps he is right. trouble is that many of the — things should laugh about are those that nearly drive us crazy. ton We read that the first operation was performed at St. Luke’s hos- pital in Denver in January, 1885, the ! patient being a young woman whose home was in Davenport, la. Surgeons apparent- ly overlooked one of their most promising sources of revenue, Soviet officials are reported to be taking steps to prevent the smuggling of Bibles into Russia, which is said to have been going on for some time on a_ large scale. Perhaps Americans would read the good book more if there were law against it. a Dr. R. A. Reynolds of San Francisco declares that a long study of criminals has convinced him that all of them are suffer- ing from the improper functioning of one or more of the ductless glands. Possibly that accounts for the fact that nearly everybody seems at times to be a “oft” in some respects. A few years ago the House of Mass belief that bobbed hair had them anyway. The Senate refused to concur, saying long hair might come back as it seems likely to do. So, due to the Senate’s farsightedness, folk are still safe from the deadly hat pin, if not from the sprightly automatic. In 1852, in discussing the possibilities of the telegraph, a Congressman said in a speech: “The time will come when proceedings of Congress will be transmit- ted to all parts of the Union daily.” gloomy prediction, which long ago true, came in| is a different char- ; acter from the common tramp or bum. The | from place to place, but he is | ~ | willing to work, and does work whenever ! and | tell about the hobo in} ae) easily j He doesn't have to} it } The | we; appendicitis | little | the} achusetts legislature voted to repeal | an ancient law prohibiting the wearing of | ) long protruding hat pins by women in the eliminated ; Massachusetts | the | Ali THE KEY WEST CITIZEN You and Your Nation’s Affairs The public debt has mounted to the highest point in this nation’s history and is rapidly rising stiil higher. The budget is badly unbalanced. The an- nual deficit ts growing pro- gressively greater; this year it will amount to ap- proximately six billion dollars. The tax load is growing steadi- ly heavier. These are facts of which the public has been repeatedly informed; and yet it does not appear to be Unduly dis- turbed about the matter. This appar- ent placidity of the general public 1s 8 phenomenon that deserves attention It is a situation to which the public itself should give some consideration There are probably two reasons why the general public does not un- | derstand the significance of these dan- | gerous financial trends. One grows out | of the fact that a very large propor- tion of the mounting public debt— perhaps 18 billions of dollars—is in the banks. Public borrowing, conse- quently. does not touch the average saver and investor of the country The other is a misinterpretation of the meaning of the low-interest rates at which the Federal government is bor- rowing its funds. A word as to each of these factors. . To the extent that banks finance government borrowing, future. rather than present. savings are being used. The guvernment sells its bonds to the banks, the banks use these as assets and create de- mand deposits against them, thus acting as an intermediate agency for converting the government's promises to pay in the distant fu- ture into deposits that can be used immediately as cash as the govern- ment sees fit_ The ratio of reserves to deposits declines in the banks which obtain a very small profit. in the forin of a low-interest rate on the securities, for putting their credit clearing facilities and cash al the disposal of the government. This procedure can continue until the surplus reserves of the com- mercial and Federal Reserve banks are exhausted The practice is inflationary and bad because deposit currency. payable on demand, 1s created against the gov- ernment’s promises to pay tn the dis- tant future The practice a because a drop in bond pric less than the drop in 1920, would wipe KEY WEST IN DAYS GONE BY Ago Today As Taken From ‘The Files Of The Citizen nver of the the Monroe Here Just Years Thovgi not a mei Loord of trestees county water dist . Otto Kirch- he ner attended several of the meetings of the board held in the offices of John C, Thompson while he was in New York. These con- ferences were held solely on the proposition to construct a er pipe Jine from thé and to Key West. Mr. heiner, who_veturned last aid Captaig’ Clark D-: Stearns, Panl Boysen and State Senator Wm. H. Malone were at the meet- ings and the legal phases of the matter sett-ed satisfactorily. The White Jeomp: ny and the New York bank- ers have 4 for further time in which to rewrite their con- tracts, and this has been grant- ed. main- Kirch- night, A. Dice, negro who jkilled a man and a woman Key West Friday night, Wh tehead and Division st said to have boarded a steamer for New York several hours aft- er the shooting. The vessel was {said to be the Mallory Line Steam- San Jacinto which sailed for York. Sheriff Cleveland | Niles sa‘d that colored man whom he knows to be reliable, seve him the information and was atisfied there could be no of mistaken identity as he was well known to his informer. Steps have been taken to have Dice, if he is found on the San Jacinto, apprehended immediately upon his arrival at New York. Employes of the office at Key West are in- clined to doubt the authenticity of the statement and declare it is impossible for a person to go on board the ship without being de- | tected. and in at shot er ew a Florida Temple Number Knights cf the Golden Eagale, {a very interesting session night. During the session ladies weve surprised by a visit from several Sir Knights, At the close of the regular meeting a jpleasant hour was enjoyed while ice cream and cake were served. 1, held | lis, whose company holds an op- fresh , uceeeded in having: all, » enttled, last | the! C. A. P. Turner, of Minneapo- | Misunderstood Symptoms By WALTER E. SPAHR Chairman, Department of Economics, New York University out the capital and surplus of all com- mercial banks. Then it must be remembered that in the future taxes must be levied te repay these loans. And taxes are de- pressing and disturbing things. A large proportion of them will not go to repay individual investors; they will go to banks to liquidate toans and to accumulate as surplus reserves in banks. And the only way these sur- plus reserves can be used will be for people or the government to borrow from the banks again. Many people are saying that the next generation will merely repay it- self, and, therefore, that no great dam- age will be done. This notion is large- } ly inaccurate. The next generation will pay heavy. repressive, and dis- turbing taxes, not to themselves but to pile up surplus reserves in banks. The wealth of the future will be taken to retire the currency now being is- sued against it. The people of this country have been put into debt to the banks by the present Federal gov- ernment to an extent never before seen in this country Today the banks of no other country own as large a 2. Many people appear tu interpret the artificially low-interest rates at which the government is bor- rowing its funds as a test of the soundness of government credit, and, therefore, they are led to as- sume that all is well with our fiscal affairs. The facts are quite otherwise. It will be found that in prosperous times, when our debt and tax burdens were relatively small, when the debt was being reduced, when public credit was as solid as could be, that the in- terest rates on government borrow- ing were much higher than they are | now. This was because investors were using their funds and also because the government borrowed in a com- petitive market. Excessively low-interest rates on government securities are sympto- matic of a depression. They are evi- dence of the fact that there is a sur- plus of loanable funds that otherwise cannot be used. and that there is a widespread lack of confidence in busi- ness circles. Furthermore, these ex- cessively low-interest rates, to which the government points with pride, are slowly eating up the income of our great public institutions, our great endowments, our colleges and univer- sities, and our eleemosynary institu- tions in so far as these depend upon government securities as a source of Our fiscal affairs are In an up- healthy state; the trend is in te wrong direction, the possibilities are genuinely dangerous. (Address questions to the author, care of this newspaper) | most tion franchise the bridge for the construction of the three long | on the highway to the and, avrived in the city yes-{ y accompanied by J. Kirchheiner, chairman of — the] board county — commissioners. s expressed at the ing made with the plan the construction of the} bridges. Mr, Kirchheiner stated | that before any contracts or} agreements re made which| would bind ‘oe county to the suarantee t con- | t would be placed before the | people the county for a vote] and the action of the commis ners would be governed by the action of the people at the polls. Pleasure ¥ progress | for Mon heing asked, PF ITIVIPAII OP IOLIOP IS Fire was.discovered in the rear of the Ketchings P:inting-plant at} about. 7:30, o’clock last evening, but the,flames were quickly ex tinguished.upon the prompt — a rival of the fire de-zttment, The fire apparently ociginated from a cause as yet undetermined in| some old accessories off @f bake plant which was once a ‘ated in the building. 3 rls wss born to Mr. Mrs. Abelardo Marquez yes- in the home at 824 Duval Mother :nd daughter are doing nicely. A and terd: street, reported baby Dreamy Pekin, in all its Orien-j tal splendor, shall be reproduced on the Congregational Church} parsonage grounds on the evening | of July 8 in the form of a social “A Night in Pekin.” | “Chinese” maidens, mandarians laundrymen, waitresses, will be there to join in the Young men between 18 and years are cordially invited to at-| tend the soc’al which has as_ its | objective the reorganization of | the Young Men’s Bara Bible | Class. ——— KEY WEST COLONIAL HOTEL i] In the Center of the Bu: and Theater District ail) fii First Class—Fireproof— Sensible Rates Garage Popular Prices | Elevator | proportion of their government's debt. | | | | i | { authorizing } ) | Lowest } Mean {Normal Mean Yesterday's Normal P Precipitation .11 Ins. ipitation 10 Ins, covers 21-hour period! vck thix morning. Tomorrow's Almanac Sun rises Sun sets Moon rises | Moon sets | i | } p . | is ‘Tomorrow's A = -M 6:18 8:17 Barometer 8 a. m. 30.02. today: Sea level, WEATHER FORECAST (Till 8 p. m., Tuesday) West and Vicinity: jerally fair ton’ght; Tuesday |ly cloudy, _ possibly ichowers; gentle variable winds. Frida: Fair to partly cloudy Tuesday partly cloudy t show- Key Gen part- occasional | ton j une titled, possibly scatter | ers in extreme south portion. | Jacksonville to Florida Moderate north portion - winds over and south partly and Tuesday ex } cept possibly scattere) showers in lextreme south portion Tuesday fair to overcast toni-zht WEATHER CONDITIO high thi penin Pressure is retatively morning ever the Fle. ¢ jsula and the central and {Galt ef Mex'co, Miami We 0.02 (throughout most other |the country section cast of the Rocky ! Mountains with cistutbances cen jtral over the northern n States and far Northeast, n D., 29.69 inche ud i Me., 8 inches. wht to mod. erate showers have ing the last 24 hours | of the Rochy Mountain tern Plan and Texas. At from North jand in southe peratures ha what in porti I Hu ecerried dur n portion and north State outhern the Care tern Plorida t d moderated ns of the Rocky Mountains and novthern Pla'n States, and from the lower L region and Ohio Valley eastward to the Atlantic coast, ut normaily high d:y temperztures continued yesteroay throughout of the Pi ppi V. Tennessee, the interior Gul with maximum readings of 106 degree n ab Misvi te 100 to of in many loca Otto| Fs YOUR DESTINY BY LE MARS A 1936 Reading to The Citizen ited Time only Reede:, TEN = Special Ar rangements for a Li CENTS Com and Stamp. THE KEY WEST CITIZEN KEY WEST, FLA Name Address City and State Date of Birth Write Plain—Enclesing 1c ( = Do SHOT OILII LS WET WASH 15 pounds for 49c 3c PER POUND FOR ADDITIONAL WEIC Everything Returned Damp, Reacy F Shirts Fimished For 10c Eacm Ex TRY THIS ECONOMICAL SES » COLUMBIA LAUNDRY PHONE inion asia ede a ML *’ ANNOUNCEMENT * TO VETERANS 5 7 check char that that we are Your Amer m & The First National Bank of Key Wesi Member of the Federal Deposit ! Corporation your I VOMIOOIOOIIIII OSS sat SUBSCRIBE FOR THE CITIZEN—2e WEERLY {ISS SSS SALE AOIAIA SEL ADDS DD OP K IS PPP PIO POPIPTT PPP IVEE Time. South Florida Phone 598 “Your WIIIIITTIIOIIIIIIIIIIIIEL ED gw. 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 Supplies, Etc. White and Eliza Streets hume is worthy of the best” ALLA LALALALALABAALANAARALLAZLZLZLLALLLAAZLAAALLA