The Key West Citizen Newspaper, September 11, 1936, Page 2

PAGE TWO The Key Wiest Citizen | Published Daily Except Sunday By THE CITIZEN PUBLISHING CO. INC. P. ARTMAN, President » Assistant Business Manager From The Citizen Building Corner Greene and Ann Streets JOE AL Daily Newspaper in Key West and Monroe County. Only ciated Press * entitled to use h Made known ¢ nks, resolutions of will be charged for at churehes from which « a line. Citizen i vites discus- f public al or general st but it will not publish anonymous communi- Z IMPROVEMENTS FOR KEY WEST /DVOCATED BY THE CITIZEN ‘Water and Sewerage. Es dges to complete Road to Main- sari. “ene Port. ticiels and Apartments, Kathing Pavilion. Ah ports—Land and Sea. > “sn solidation of County. and City 4overnments, EEE Advertise in The Citizen and get re- sults; Key Westers read what is printed in its columns. Seven hundred persons, now _ living, will be seven daps as a result of highway accidents. dead in Nobody ever lost money by paying off mortgage on his house, but the loss ome from the investment of the secured on the mortgage. the may have money The belief that workmen are able by the condi- desire, is characteristic of working-class movement of today. their own endeavor to create tions which they The nice thing about a dull party is that you get to bed at a decent hour, and in that case the host or hostess should be the recipient of thanks for a dull ning eve- Two liquor licenses applied cently were for the Blue Goose and Blue H The latter failed to make the erade but the former whose applicant was Jesus S Make your for re- en. anchez got the license. own observations. The ican invention— union Jabel is a peculiarly Amer- —first used by the cigar years ago, and the Key West cigarmaker was one of the first to indicate to the smoker that his “weed’? was union- made. And that, of Course,‘added to the enjoyment of the smoke. makers 62 Paying one’s debts is the business of every honest man. While there | are™ oc- casions when an honest man is unable to do so, most of the times failure to pay is something else. To what is your failure due? The public knows and if you are cowardly to admit it to yourself, due to is even talking about it, too With the prospective sale of remain- ing Flerida East Coast bridges between Miami and Key West for highway pur- poses, old-timers in Miami recall the days before the Key West extension was built and some of its early engineering plans. The original idea was for the railroad to reach southward from Cape Sable along a route where the keys waters are said to be exceedingly shallow, and where a_ sand and rock grade could-be thrown up at pos- sibly small expense. A storm changed the original ideas of building a railroad along that line after preliminary engineering prints had been completed. It was be- lieved more feasible to traverse the rocky keys further east, where a more substantial roadbed could be built. The possibility of building southward from Cape Sable, how- ever, remains open for re-examination by engineers, but with small possibility of future development. Rumor has it the Sea- board Air Line once considered the project. -—Miami Daily News. NO PLACE FOR SLOPPY THINKING — In a recent address, Charles R. Gay, President of the New York Stock Ex- change, made this very astute comment: i “Most of the criticism of stock exchanges | during a price relapse comes from people ; who speculate with too little knowledge of what they are doing and with ratios of | capital quite out of proportion to their ex- | pansive imaginations and desires. ... “If speculative operations could be so conducted that money was never lost, the | public’s good will toward the stock -ex- ; changes would be one of the really beauti- | ful things of life. Everybody would be} happy all the/time. . . .The tax returns | would disclose an astonishing number of ; million dollar incomes and congress would | be meeting in special sessions trying to re- | duce taxes. ... “The fact happens to be this: Neither speculation nor investment can be made | proof against error, miscalculation and | sloppy thinking. It is thoroughly human | to grow angry and resentful when plans! go awry, especially if the mischance or} miscalculation costs money. But I may state with the support of considerable knowledge that a great section of the pub- lic which makes use of stock exchanges for | speculation and investment is keenly alert for knowledge which will help reduce mis- chance and miscalculation in their market undertakings. More than that, I am con- vinced that the public has made greater strides in grasping the fundamentals of true stock market value analysis than we of the exchanges may realize.” It will be a happy day when everyone realizes that a stock exchange is a market place in which the law of supply and de- mand fixes values, and not an institution | where one may get something for nothing, and turn a hundred dollars into a thousand | without risk or labor. The exchanges don’t pretend to work miracles—they simply perform an essential service to the millions | of citizens who own or wish to buy or sell securities. FOOD PRICES GOING UP Army supply officers, who buy the | vast quantities of food consumed both by the Army and the Civilian Conservation Corps, expect America’s food prices to be more than 20 per cent higher by next spring than they are although a} marked increase has already occurred in ! recent weeks, The high ranking officers who make this prediction are obliged to keep inform-! ed as accurately as possible concerning probable future food costs, and their esti- mate accords with informed opinion on the subject in other quarters. The increased food prices which are inevitable will affect every family in the} land, including those on farms who havej to go into the market for any portion of their food supplies. Because of the drouth and the gov- ernment’s policy of restricting farm pro-| duction, it is certain that great quantities of food must be imported from other coun- tries, thus aiding the farmers of those countries at the expense of American agri- } culture. During 1935, farm products which } might have been produced on 15 million acres of American land were imported, and it seems likely that the coming year see an even greater volume of im- The government’s program of plan- rcity is increasing the living costs of every citizen, besides increasing unem- ployment among tenant farmers, share croppers and farm laborers. now, ODDS FAVOR ROOSEVELT Republican generals are optimistic in public—but insiders say that all isn’t cheer | and laughter when they meet in private. The party has just emerged from the leanest three ye. in its history. Its local organizations are in almost incredibly bad shape in many states, and they can’t be built up to the desired level in the few; months remaining before November. And the Democratic machine never functioned more smoothly and efficiently than it is now functioning. On top of that, recent polls—such as the Institute of Public Opinion’s—show that Landon sentiment—which reached its peak at convention time—is weakening, that Roosevelt is leading and is tending to slowly increase his lead. Reports say “Wall Street” . betting odds are lengthening in favor of Roose- velt, fand § THE KEY WEST CITIZEN SOT ee. ¢ S PROMISE. , (cna TODAY’ 5 WEATHER Temperatures* States, slaves ne north Pacific gg, States; while a low pressure ar “7g central over the Plains States, _g4| overspreads the remainder of the “83 )countcy. Rains and thunder: jhave occurred during the | rea hours in the central and southern ‘| Rocky Mountain States, the upper ippi Valle Lake Su- region, heavy in Michigan, Sault Ste. Ma- 56 inches. There have also howe:s throvghout much of . the Gulf coast, heavy at Raleigh, * .1N. C., 2.52 inches. Temperatures are above normal from the Plains States eastward, 2nd maximum readings of 100 degrees occurred yesterday in Oklahoma, western Arkansas and western Missouri. Pressure is moderately low over the northeastern Caribbean Sea, jand a tropical distw4 of slight intensity is this ‘morning about 450 east- northeast of St. Thomas moving west-northwestward. This lec tion is approximately 1800 miles east-southeast of Ww GS. K Official in Highest Lowest Mean aS Normal Mean Rainfali* jay’s Precipitation Precipitation Sun rises Sun se Moon rises Moon sets . P.M. 8:07 -----12:29 202 P SEaeremy 8 A. M. today: H Sea level, 29.97. | WEATH=R FORECAST (TA 8 p.m, Key West and Vicinity partly air to- cloudy, gentle ; Saturday possibly thundershowers; variable winds. Florida: Generally turday except widely scat- tered thundershowers Saturday afternoon along the Gulf coast. | Contrary to general _ belief, sonville to Florida Straits peavers do not use their flat tails Gentle variable jn their extensive building opera- partly overcast weath- tions, er tonight and Saturday. i a tonight ee EATHER CONDITIONS A KEY WEST COLONIAL HOTEL In the Center of the Business and Theater District moderately Atlantic Pressure continues high over most,of the Liquid - Tablets first day Salve-Nose Drops _ Headache 30 minutes, Try “Rub-My-Tism”-World’s Bost. Liniment IIPVACLL LL 2 SI a checks MALARIA ih 3 days COLDS First Class——Fireproof— Sensible Rates Garage Elevator Popular Prices < SEOOTTATOSIOOOTT ETON The Easiest Way For You To Pay For A Home isto pay*for it as you pay rent. ‘The logical way iste. pay monthly, out of income, an installment onthe principal and the interest, ete., and thus, over a given period of years, pay off the entire mortgage and have the house free of all debt. It’s very much like buying a house and then renting “it to yourself. CONSULT US HOW YOU CAN BUILD OR BUY A HOME OR REPAIR OR MODERNIZE ANY TYPE OF BUILDING ON INSURED CREDIT. The First National Bank of Key West © Member of the Federal Deposit Insurance Corporation wesssvrvrrreereras (L TIPILCLLP LLL ALLEL “ CLiddhbiddththhhd dill WF agian dar ee ah , pleasure and prof FRIDAY. SEPTEMBER Today's Anniversaries Seeecce 1524—Pierre oe Remarc | French pow, born. Died Dec. 27 | 1585. j Sas) 1777—¥elix Grundy, noted Tennessee criminal lawyer, sene- tor, jurist and atterney-general, jborn in Virginia. Died im Nasb- ville, Dec. 19, 3840. federate soidier, Misseuri congress ‘man, a noted law maker, bern sear |Georgetown, Ky. Died Dec 23, j4896. ¥ | 1838—Jehn Ireland, famed Catholic prelate ef St. Paul, Sept 25, 1918. 1855—William Mulholland Les Angeles hydraulic engimeer and > | aqueduct builder, berm im Ireland g3|Died in Les Angeles, July 22, 1935. 1862—William Sidney Porter (“O. Henry”), famed short-stery . born at Greensbore, N.C d in New York City, June 5 Vums June 1862—Lerd Byne of prepeynel soldier, bern. Dred 6, 1935. - ‘ eecccccccccccccceesceces 6 emis | 1833—William 8. Hatch Con; {Today's Brthday- Gun Sue : [Stee Boctea. C Ceres Came Be. 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