The Key West Citizen Newspaper, September 1, 1936, Page 2

PAGE TWo The Key West Citizen Published Daily Except Sunday By THE CITIZEN PUBLISHING CO., INC. L. P. ARTMAN, President JUE ALLEN, Assistant Business Manager From The Citizen Building Corner Greene and Ann Streets Oniy Daily Newspaper in Key West and Monroe County. ond class matter FTY-SIXTH YEAR Member of the Associated Press Associated Press is exclusisely entitled to use spublication of all news dispatches credited to not otherwise credited in this paper and also cal news published here. SUBSCRIPTION RATES One Year ADVERTISING RATES Made known on application. SPE SIAL NOTICE All reading notices, cards of thanks, resolutions of | respect, obituary notices, etc., will be charged for at the rate of 10 line. N y churches from which cents # line. © and invites discus- f public issues and subjects of local or general st but it will not publish anonymous communi- cations. IMPROVEMENTS FOR KEY WEST 4DVOCATED BY THE CITIZEN Water and Sewerage. Kindges to complete Road to Main- aard. "ree Port. Hotels and Aparcments, Rathing Pavilion, Atports—Land and Sea. Sensolidaition of County and "City Governments, adoxically, after relief we will have relief. ~ Read a book occasionally, even if you have to borrow one. husbands them dis- Many women think their are courageous. One look at pels our doubts, Japan, Italy and Germany is a com- bination that might some day assume the right to tell other nations where to head in. You can’t please everybody; if you give them something for nothing they swear there is a trick in the idea, some- SOMETHING TO WORRY ABOUT We see by the newspapers that the American Bar Association is worried about | the condition of the judiciary, fearing that | its independence may be undermined. This is good and proper, we suppose, ; but the lawyers might spend their time | more profitably, as far as the public is con- } cerned, by worrying about the practices of | the shyster members of the legal profes: sion. : | Attorneys of great honesty live and ; prosper in this country and uphold the | ' high ideals of the American bar but, at the | same time, there are those who seemingly have no iota of the idealism that is sup-i posed to work toward the development of | justice. There are those who, for a ee, sure enough and big enough, will do any- thing with the principles of law they are supposed to uphold, and we don’t mean maybe. j The public generally, which knows | very little of the American Bar Associa- | tion as an organization, will take more | stock in its worries when there is evi- | dence that it is interested in cleaning out the parasites that make justice a travesty. Of course, every association passes pious resolutions but that is as much as_ the energy is capable of doing. We have no inclination to denounee lawyers as a class, although there are many people who do. We have great re-j spect for the principles of the law of the! land and honor very much the con- scientious lawyers who today face the tac- tics of the shyster and the temptation of huge fees that would make them tools of |° crime. At the same time, lawyers might as well face the fact that millions of peo- ple in the United States have decided, long ago, that there is one law for the rich and another for the poor, which is certainly | no recommendation for a noble profes- sion. SELECTING BEAUTY QUEENS The selection of a “beauty queen” has been serious business in many an American community, rivalling the deci- sion of the judges in the baby contests that so often lead to severe condemnation of the judgment of those called upon to pass upon such important matters. In this country, by this year of grace, the public has become somewhat accus- which | \ | 1930 You an Nation’s d Your Affairs Trust Funds Menaced By GUS W. DYER Professor of Economics and Sociology, Vanderbilt University 1915 and 1929 was a. soa pete of exeraga pare ae ant spending. a dread of indebtedness didn’t seem to restrain peo in.their wild desire for a good time. But general ap- pearances are often mislead- ing. Millions of the rank and file did not spend all they made. But the type of their nvestment changed radi- cally. They ceased to buy tangible prop- erty and in- vested their savings in sav- ings banks, in- surance compuutes and building and loan associations. The growth) of these institutions in this period re- veals in an impressive way what the great masses of the people did with their money: Savings Benks Number of Amount of Depositors Deposits «7,482,000 $6,835,000.000 + +++ 52,764,000 28,220,000,000 Building and Loan Associations Number of Assets of Members Associations 2,169,893 »°$ 981,867,175 4, + 1,484,205,875 2,519,914,921 8,828,611,925 1910 1915 1920 long time safe investments. The bil- lions of dollars ipv« im these in- stitutions were gold dollars—100 cents in the dollar. This huge fund for the most part is the fruit of hard work, all sorts of sacrifices and costly sav- ings on the part of the great masses of poor people and people of mod- erate means. Unfortunately the great masses of the people know but little about the nature and philosophy of money. Hence it ir easy for politicians to make almost any sort of radical changes in money without incurring the displeasure of those wio are in- jured by the changes. Andrew Jack- son in his farewell address makes this observation. When the government went off the gold standard and announced that the dollar had been changed in value from 100 cents in the dollar to tess than 60 cents in the dollar, it meant that the administration had destroyed over 40 per cent of this and other trust funds. It meant that the family of the man who had paid oe a $5,000 insurance policy in gold dollars or their equivalent. would get 5000 sixty cent dollars or $3.000. But this is not all; the value of the dollar now has no material founda- tion whatsoever. It is in the power of the administration practically to destroy the whole of this great trust fund by reducing again and again the value of the dollar. The paper money { in circulation during the Revolution was similar in nature to the money Life and Industrial Insurance Number ot Policies « 42,513,683 ‘71,759,764 22,212,773 The assets of the insurance com- panies, building and loan associa- tions and the savings deposits totaled $57,208,549,755 in 1930. This equalled two thirds the value of the total wealth of the United States in 1900, and was nearly nine billion dollars more than the clear value of all the farm property in this country in 1930. Between 1910 and 1930 savings de- posits increased over twenty-one billion dollars, and the assets of building and loan associations in- creased practically eight billion dol- lars. Between 1915 and 1930 the assets of insurance companies increased practically fifteen billion dollars. The policy of these savings insti- tutions is to lace this trust fund in Amount of Insurance $22,743,336,831 44.384,657,620 107,948,777,732 Assets of Companies $5,190,310,353 7.319,997,019 20,159,937.830 we have today. As time went on our Revolutionary money declined in value and was finally redeemed by the government at one cent on the dollar. Hence the expression “not worth a continental.” “Experience,” says Andrew Jackson | in his farewell address, “has now proved the mischiefs and’ dangers of paper currency. The paper system being founded on public confidence, and having of its self no intrinsic value, it is liable to great and sud- den fluctuations thereby rendering property insecure.” No wise statesman wants the pow- er of arbitrarily changing the value of money and no theoretical Politician should be allowed to exercise such power. (Address questions to the author, care of this newsSaber? | TODAY’S WEATHER | DAYS GONE BY Ago Today As Taken From The Files Of The Citizen | Bids for the purchase of high- {way and bridge bonds totalling | $525,000 will be opened by the county commissioners at the reg- ular meeting to be held tonight jat 8 o’clock. Representatives of several bend: buying concerns are in the ‘city and will be at the meeting to witness the opening of proposals.’ Of the bonds which jhave been offered for sale $175,- 000 are for bridges and $350,000 for highways. These are only a part of the original bond issue of $2,500,000 from which bonds to jthe amount of $160,000 have | been already sold and the funds used in construction up to the present time. The couhty com- missioners only offer bonds for ‘sale as the need arises and in this way save money to the tax- | payers by not having to carry in- | terest on bonds sold unnecessar- ily. The commissioners have a contract and bond with a respon- sible concern to disvose of bonds at an agreed on minimum price, but if by advertising a better | Price can be had, it is at the op- | tion of the county to do so. Prizes totalling mere than $50 wil] be given away at the Coun- try Store Dance to be given at - the Athletic Club tomorrow night. The dance is purely an advertis- ing stunt said J. M. Cabrera, club president today, but we do not jexpect to make one cent out of {the affair. One of the best local orchestra’s ever engaged has been secured for an indefinite time and the latest dance music is as- sured, Carter Marshal Braxton, son of \J. M. Braxton, Jacksonville, ar- rived over the East Coast this morning to visit with his grand- ; father, Hon. J. B. Browne Patter- son at the home on Caroline street. Mr. Braxton, who Key Wester, is a distinguished *is ginia, also of the Post Graduate School of Harvard -University. He is at present a Rhodes scholar at Oxford, England, and is. re- turning there after his vacation in Key West. Rimoli Mecurio and Manual M.! Miezo two aliens who were ar- rested here last march and have been awaiting decision of graduate of the University of Vir-' PPP PPPOPIL LCC L LL their} vir! | j ile club will entertam 2 incge ber of students, young men women, whe are retersing " crelk ff if ” ! | ‘ft Lia | : | | ’ i i oe 2 < be } } 5 ewer oe various schools amd ERTWETEES 144. Ce, ieee eee from which they came bome oo vacdtions or whe are leaving home to enter colleges and um versities for the first time. the movement is net started by husbands who are ieokimg fer exe supervision. Miss Margaret Curts of Captain and Mrs Thomas tis of 1100 Fleming street leave tomorrow fer Denmareat, Georgia, where she will enter Piedmont College. Mims Curte = a graduate of Monree County high schoo! and will enrol! i= the department of religion fer future Christian Organization work. Teday, the first ef September marks the opening ef tig epeter season and that. @per “@@licwu- bivalve will see0 be fommine the principal mimbey qifthe-mens of cating places all Wwer tke coun try. a! aE , . Mewes me me ce ere See = wi. Lage = Tomes — SS Se Lames _— » Be ‘ att Pay For over a given period of it to yourself. CREDIT. The First National The Easiest Way For You To is to pay for it as you pay rent. is to pay monthly, out of income. an on the psincipal and the interest, etc. and t mortgage and have the house free of all debt. It's very much like buying a house and then renting CONSULT US HOW YOU CAN BUILD OR BUY A HOME OR REPAIR OR MODERNIZE ANY TYPE OF BUILDING ON Member of the Federal Deposit Insurance N A Home The logical install way us. years. pay eff the entire INSURED Bank ot Key West (Ai ditAtAtAAbhAtdatAdéad tomed to bathing beauty contests, usually inspired to attract the yokels, and ap- parently serving no great purpose except | Highest .. . |Lowest . to provide the newspapers with the pic- |Mean __ tures of well-built females who hope toj|Normal Mean get an opportunity to show their forms on ee pie date day — -——————__YY moderately high over southeast- ---89 ern districts, Asheville, N.C. 78 30.14 inches. Showers have oc- 3 | curred since yesterday morning in ;eastern Texas, southern. Florida, th h .0 Ins, and in portions of South Carolina, e screen and thus secure great wealth as} yormal Precipitation _.. .19 Ins. Virginia, southesstern “Michigan, movie actresses, lng at S welock this meruing. and western Missouri, being heavy PEs ending at 8 o'clock thix morning. | It seems that we treat our national Tomorrow's Almanac ‘at Port Arthur, Texas, 1.70 ineh- pastime with much neglect and fail to iat ee = *'es, and Fort Myers, Fla., 1.32 generate sufficient emotion. Down in Secon cist “linches. There ixave also been ligh Nicaragua the other day a squadron of the} Moon sets _.. . rains in portions of the northern | National Guard was called out to maintain | Rockies and northern Plains ol order when the students at Parleon Uni- 3g) temperatares are generally above a Zz ae *°° normal this morning in the Plains versity elected a “queen of beauty.”” Some} 4:10 States, and near or somewhat be- of the enthusiasts carried knives and ‘low east of the Mississippi River. razors and seemed ready to use them in a “ottieal msCharge business way on opponents of their fa- vorites. (Till 8 p. m., .., Wednesday) g In the end peace was achieved by} Key West and Vicinity: Partly Get Get Rid 10 compromise—two queens were elected jcloudy with scattered showers re) and thus we get another hint. In night and Wednesday; gent! | a ae: winds, mostly northeast to east. | beauty shows in this country we Marita =. Peatte ea? i “inte allseniien 20s dad thus allow Florida: Partly cloudy, scatter-/ elect all entries qe * ei alloW | ed showers on the extreme south them to return to their homes with the | -oast tonight and in south portion title and such glory as they may be able to work up in the local bailiwick. cases, were given preliminary) hearing in federal court yester-! day at which time deportation or-| where. Temperature: people carry grudges through- out life and, in time, retain the grudge without being able to explain it, even to themselves. Some SETUTTEITTEOETOTE SSIS EE TON ROOFING SPECIALS For Present Stock Of These Items Only $1.75 $1.50 $1.80 THREE PIECES SLIGHTLY DAMAGED WALL BOARD. EBGULAE PRICE $35.00 to $45.00, $20 00 - . special JUST A FEW MORE PIECES OF \~ THICK EEOWN DEDSBOAED mostly d’x4’ size, regular price $50.00, $30 00 = special . $50.00 * . JUST ABOUT 200 FEET OF 1x4 No. 1 Pime Ceding eft fee Gee shutters, regular prize $50.00, $30 00 = * special THE ABOVE ARE CLEARANCE SALE ITEMS, AND = MANY CASES REPRESENT SALE AT LESS THAN COST South Florida Contracting & Engineering Co. White and Dire Sees “Your hume is worthy of the best” CL hh hd dededakddkikd deddddadaddddedh People of the North and East, though most Prosperous, are glum, and not unrtil the visitor reaches Florida is he greeted with smiles. It must be the climate. , | | =. \ 3 N s aN 5 \ ; ° \ ‘ N N : : N 4 N ; N : \ \ Westbrook Pegler, the columnist, makes fun of Landon to the extent of a ull column in one of his daily effusions. Unfairly his column is called “Fair nough.” High Low Barometer 8 A M. today: Sea level, 29.95. WEATHER | “FORECAST 46 ROLLS GREEN SLATE SURFACED ROOFING. 50 Ibs., regular price $2.45, special — 34 ROLLS SURETY CAREY ROOFING, 35 ths. (1 ply) weight, regular $1.60, special ___ We do not think less of an indiyidual "because somebody pulls the wool ais eyes, but when the other fellow is a@ble:to future | keep the wool down, we suspect a Jack of could intelligence. 60 ROLLS SURETY CAREY ROOFING, 45 Ib=. (2 ply) weight. regular $2.05, special It’s a queer quirk of nature that the average brother is a sucker if you let him think he is getting on the ground floor while other people will have to pay the “regular price.” Wednesday. cksonville to Florida Straits | blood. (2) Build up Gulf: Gentle winds mést-| come the eflects and to fortify 4 ly northeast to east and partly "te attack Thee fone medi overcast weather tonight and Wed- | Tasteless Chill Tonic! ‘The tasteless qui- nesday w.th scattered showers over | ABOUT BOY BABIES Researchers and statisticians are dig- ging into everything imaginable nowadays, figuring out the possibilities of this and that. Dr. A. J. Lotka, a specialist in life insurance statistics, has been studying the prevalence of boy babies, and these are some of his conclusions: When a boy baby is born he has two chances out of three to grow up and _ be- come a father. He has even chances to be- come the father of a son, but..only one}= chance in four to become the father of two} sons. A few grow up to have ten sons, but there is only one chance in 2,000 that this will happen. ) Many other more or less interesting conclusions with respect to the perpetua- tion of a family name are set forth by Dr. ee Lotka, who finally estimates that in about More than 600 species of edible atl nine cases out of ten the name will event- can be found around Key West. That’s| ually die out. ‘ne of the many inducements to out-of- | He fails, however, to state ‘whether he { Mussolini seems ready to use the Italian military machine as a threat any day thére is an opportunity to grab some- thing. One of these days he will catch a bear by the tail. south portion. WEATHER CONDITIONS aes TWO PIECES PRESTWOOD (not tempered). regular price $80.09, special at ___ The western disturbance has moved over South Dakota, Huron, 29.58 iijehes, and-overspreads to{ sthe Plains States the western Lake re-; pressure continues | Fak The slogan of the DeFuniak, Florida, Herald is: “Liked by Many, Cussed by} Some, and Read by Everybody.” That’s| the gamut of human emotions, experienced by every newspaper. rT We hear so much about husbands re- minding their wives of their mothers’ won- derful cooking, but we never hear about the mothers of wives being good cooks. . Weren't their mothers good cooks, too? & ta 1936 Reading to The conatinints for a Limited Time only Stamp. THE KEY WEST CITIZEN, 8 KEY WEST, FLA. FIDL LZ LL rae (_AAAAAAAAAMAMAAA AMAA hh Ahhh hhh hd bd ddd State anglers, to come down and try their! thinks this is a fortunate thing for the juck.—Times-Union. Many do®. and are{ human race. We venture the suggestions happily requited, that in most cases it probably is, *