The Key West Citizen Newspaper, January 4, 1937, Page 2

- an : the locai news published here. Une Yoar six Months PAGE TWO Published Daily Except Sunday Ry THE CITIZEN PUBLISHING CO., INC, L. P. ARTMAN, President 40E ALLEN, A it Business Manager From itizen Building Corner Gre and Ann Streets Unly Daily Newspaper in Key West and Monroe County. est, Florida, as cucond class matter FIFTY-SIXTH YEAR Member of the Associated Press -® Associated Press is exclusisely entitled to use ‘or republication of all news dispatches credited tv it or not otherwise credited ‘in this SUBSCRIPTION RATES Puree Mont! Yue Month eekly .. Made known on All reading potices, cargs/of thanks, resolutions of ~fespect, obituary notices, étc., will be charged for at the rate of 10 cents a line. Notices for entertainments by churches from which | philosophical calm might be comfortable & reven' is to be derived are 6 cents a line. 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- j THE KEY WEST CITIZEN WILL always seek the truth and print it without fear and- without favor; never be efraid to attack wrong or to applaud right; aiways fight for progress; never be the or- gan or the mouthpiece of any person, clique, faction or class; always/do its utmost for the public welfare; never tolerate corruption or injustice; denounce vice and praise virtue; commend good done by individual or organ- ization; tolerant of others’ rights, views and opinions; print oniy news that will elevate and not contaminate the reader; never com promise with principle. IMPROVEMENTS FOR KEY WEST ADVOCATED BY THE CITIZEN Water and Sewerage. Bridges to complete Road to Main land. Free Port, Hotels and Apartments. Rathing Pavilion. Abports—Land and Sea. Consolidation of County and City Governments. PF eee She Key West Citizen See ere er remeron | personalities; the | pee CONSIDER YOUR PROBLEMS The average person at times, stops to ponder on the problems of life and very often arrives at a conclusion that would lead to considerable improvement if it. was logically followed through, We hasten to advise ail readers of The Citizen not to give too much attention to | the perplexing mysteries of the universe and the manifold misbehavior and it is more sensible to give such thought as you ; paper and also! have available to the solution of the prob- lems affecting your own life and within $10.00 the range of your own capacity to cor- 2.56 | rect. so There are many men and women who} swing’through life with the idea that there | is nothing to bother about, that what is ‘will @@iaiys be and that somehow the family will take care of itself. While this it is not entirely sensible. It would be much better for people to concern them- selves with the development of their own solution of questions raised in their daily touch with others and attempt seriously to fit themselves in the day and age in which they live. There is no.magic formula for accom- plishing this. Each man and woman, each boy and girl, have different problems and must arrive at the geal through various methods, Your method might’ not be the same as that adopted by another and yet both may seek the same destination. Try to make progress yourself and encourage others to do the same. It is the way to live. “QUOTING JEFFERSON”—SO WHAT? During the recent Presidential cam- paign orators on both sides quoted copi- ously from Thomas Jefferson and other revered leaders of the United States in years that are past, It might not be out of place to re- mark, now that the dust of battle has blown away, that there is little to be gained from trying to apply ancient say- ings to new conditions. What is valuable in the lives of the patriots is the spirit that dominated them and the ends which they sought. It would be highly profitable for us to catch the ideals of the former leaders of America, to match their historic courage Congratulations to Senator Claude| im facing our problems and to strive to Pepper. Let’s hope he will never lose his} ™#ke real the freedom that they admired. pep. The penalty for bigamy is its own punishment, for it means two mothers-in- law instead of but one, Don’t look now, but did you see that 188-page Sunday paper put out by the Tri- bune? Wouldn’t you bet a couple of other daily publishers chewed their nails close when they saw it?—Miami Friday Night. The Congressional Record will make interesting reading when the speeches of Senators Pepper and Vandenberg on the Florida Canal are printed. Many Flori- dians who have never read the Record will peruse its pages then. The Tampa Tribune in one paragraph says a good New Year's resolution is not to make any, and in the very next it en- joins us to make theffi? That leaves us in a quandary. We would like to please, but we can’t do the impossible, Mr. Ike Wolkowsky’s recently mar- ried daughter got as far as San Francisco on her honeymoon and then discovered that the striking seamen out there kept her and her beloved from going along to | Honolulu. We told her to take him to Key West.—Miami Friday Night. And to ! no better place could she have taken him. | Key West is ideal and idyllic for a honey- ! moon. Ask those who know. ve i Last Friday Mr. Duncan left Ke West with a check for the FE. C., in pay ment of the abandoned road. Whether ; the government paid it or not, $640,000 is an appreciable amount of the coin of the } realm to pay for something that had been thrown into the discard as worthless. Since this sum did not come out of the pockets of Key Westers directly, it might have | been overloked, but to abate two years’; city and county taxes to boot cannot be! considered, by any stretch of the imagina- tion, as savoring of business acumen. But} what can be done when faced with an im-| passe? | It is not the methods but the end that counts, Just as one would not attempt to un- derstand the Bible by an isolated quotation but by a study of the great book, so must one understand the life of ancient leaders by study of their entire careers rather than by swallowing quotations misapplied by careless political’ orators. THE WORLD SITUATION presents the nations of the globe engaging in a feverish race to strengthen navies, build-up armies, increase air corps and bolster reserves of finance and economy. There are few persons so simple as to believe that this is a development in the interest of peace. However, it would probably be a mistake to accept the idea that it spells inevitable warfare. The past year witnessed just such ac- tivity and, in spite of it all, the peace of the world was maintained among the leading nations if not in Ethiopia and Spain. There are dangerous spots today, | Where a little flame might mean a world at to a conflagration, but the hope exists, least, that the nations will manage muddle through and eventually reach satisfactory settlement of their problems. FOREIGNERS FIGHTING FOR SPAIN? Since the outbreak of the revolt in Spain, which was led by the army under Franco, it has been noted that much of the strength of the revolutionary cause has ame, from foreigners, chiefly the mer- eenary’ Moorish warriors and the ma- | chinery of battle contributed by Germany and Italy. The government at Madrid, uphold- ing the popular front, has also received supplies from abroad and some volunteers of foreign blood are in the battle lines of the republican army. It may be that the situation will grow worse and that other foreign troops will do battle on Spanish soil in the war that is now going on. The fighting has probably ceased to be a struggle between Spanish factions and Spain has become the testing ground of other forces, both anxious to score a victory, Nation’s care of this newspaper. The raising or lowering of the price ; of gold, or the expansion or contrac- tion of the currency, as in Profes- sor Irving Fisher’s plan for a managed panded for the bytes of rais- ing the average of prices, is nothing to prevent this ad- ditional cur- rency from flating stock or other prices which already may be rising too rapidly, considering the factors underlying them. The commodity dollar scheme will not prevent or control inflation or deflation. Inflation of prices has to do with the behavior of the prices of individual commodities. The steadi- ness or unsteadiness of the price level | is not the determining factor. For ex- ample, we had a very steady price level from 1923 to 1929, and yet un- derlying it was a terrific amount of inflation. Both inflation and deflation relate to the price of individual prod- ucts: both are always present to some degree regardless of the movement of the price level. Inflation merely refers to a condition in which purchasing power, either in the form of money or credit, cannot be liquidated without a loss. Deflation is a squeezing out of a preceding inflation. The com- modity dollar scheme will not prevent or control the inflatian or deflation of the prices of individual commodi- ties. If efforts are to be made to pre- vent inflation, and thus avoid the consequent deflation, the instruments of control must be ‘directed toward the control of prices of individual commodities. Practically, this means that what is technically known as qualitative control of credit must be employed—that is, the control of credit for particular uses. If credit is flowing too freely into the stock market, restrict the use of this credit. If credit is not flowing with suffi- cient freedom to the purchasers of homes or the sellers of wheat, aid the flow. All instruments of credit control which may be directed toward the control of specific uses of credit—and we are steadily improving upon and increasing the number of these in- struments—appear to point in the proper direction in so far as control over prices can be defended. 1868—British force of 30,000' | landed in Africa to punish Ethio- :pian king for torture and imp on nt of several British officers ‘ec on some Ameri-; sent home from| ~You‘’and Your ‘ “a 1891 — Affairs: Commodity Dollar Fallacies 3 By WALTER E. SPAHR, 7G.) Chairman, Department of Economics, New York University This ts the stzth of a series of articles on the commodity dollar plan by Dr. Spahr. The whole series has been printed in @ pamphlet which will be mailed to any reader, without charge, upon request to the author in There seems to be no valid reasons for supposing that the commodity dollar scheme las any virtues as com- pared with the various instruments i currency, a cnt, cea be which peeclortied = shot in the dark | velo) a lirected, perhaps mot! in so far as in recent years, toward the particular ticipating uses of credit and less toward the use i sults is con-|of credit in If the prices of cerned. If the|all commodities rest upon solid currency is ex- | ground—that is, if inflation and de- flation are absent—the need not concern anyone for the rea- son that all prices composing the there | average will be in harmony with one another. It is this harmony of prices that is significant; and toward this harmony of prices the commodity dollar schemes contribute nothing of any value. The plan also would inject insta bility into foreign exchange ities and hence would be a disturbing fac- tor in all foreign trade and financial relations, not mentioning the more involved factors which would invite speculation in foreign exchanges. Foreign trade thrives upon stable, not upon unstable, currencies. If other countries adopted gold monetary units of fixed weight while we adopted a commodity dollar scheme, a change by us in the price of gold would alter the gold parities between our dollar and the gold units of other currencies. The only way there could be stability of for- eign exchange parities would be for all nations to adopt the managed or commodity currency scheme, and all make the same changes at the same time. Since the domestic’ conditions and interests of the various countries would be far from the same, one could hardly expect each country to find it advantageous to, change its price for gold in harmony with the interests of one or more of the other countries. But here it should be noticed that if all leading nations should adopt a commodity dollar scheme, and then should -hange their prices of gold in unison, the assumed efficacy of the commodity dollar program would be destroyed for the reason that the channel through which it is sup- posed to work lies in the changed ratio between our dollar and for- eign currencies. When all countries act in unison, the ratios between their currencies would not change. For these reasons there appears to be no prospect that a commodity cur- rency scheme could be adopted as a permanent device internationally; and its adoption by one nation, or by a few, would merely inject instability and uncertainty into foreign exchange parities and hence hamper foreign trade and all other international financial relations. (Address questions to the author care of this newspaper) U. S. Senator Carter Glas Virginia, born at Lynchburg, Va., 79 years ago. | defeated Ethiopians, razed its) Wiis R, Gregg, chief of the al and released prisoners,| y. §, Weather Bureau, born at ileaving Africa, all within six] phoenix, N. Y., 57 years ago. months. ie Charies Gibbs Adams of Los 1883—Pendleton Act put Civil) Angeles, noted landscape architec Service on a sure foundation—j and city planner, born there, 52 Late humorous weekly “Life” be-| years ago. gan issue in New York City | aes Dr. Edwin E. Witte of the Uni-| Utah admitted to State-| versity of Wisconsin, noted eco- born in Jefferson Co., rs ago. ed at U. S. Senate | TaRe ing that a hang.| George H. Houston, president of the Baldwin Locomotive Works, born at Covington, Ky., 54 years}; ago. | ss | laos | ae Alex Stavisky of France!,,,@* Eastman of New Yor { : ‘ City, writer, born there, 54 years found shot to death—beginning of | i great scandal. peeee ai Willard H. Dow of Midland, 1936—Attorne neral Cum-} Mich., president of the Dow jmings achs Congress for greater| Chemical Company, born there, 40 powers to fight crime. |yeafs ago. — 1937 The Officers and Directors of this Institution extend to its customers and friends our sincere thanks for their patronage, good will and friendship during the past year. » the privilege accorded us 1891, through tin f depres.ion and prosperit you con- through hered i her. We feel we have built up a spirit } id understanding, which we consider ! one of our most va »le assets. We trust you feel that \ we have served you well. We are thankful for the co- { operation you have given us. | We a ent that 1937 will be an auspicious } during which we will witnes: ne fulfillment of of our fondest dreams and de We trust that it will bring to you and yours a full measure of health, happiness and prosperity, the privilege and sire to serve community and to advance its material interest, do- nd receiving all of the other real things that go to- ward making life worth while. HAPPY NEW YEAR THE FIRST NATIONAL BANK OF KEY WEST MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION DP LILI LD ILI SI SI SI DDS ST SPS TST ST : is 2. " | \ i | | | i CIOL LITLILISLIIGIISSIIIILISI IR SII IIG III IO aS, TIT A ‘Temperatures* Highest Lowest .. Mean Normal Mean Rainfal Yesterday’s Precipitation Normal Precipitation ending at 8 o’eloe Tomorrow’s Almanac T. Ins, Sun rises . 7:13 a. m, Sun sets . 5:52 p. m, Moon rises 4:07 %al m, Moon sets Tomorrow's Tides M. P.M. High . 24 4:16 Low 9° 11:20! Barometer 8 a. m. today: ' |; Sea level, 30.02. WEATHER FORECAST (Till 8 p. m., Tuesday) Key West and Vicinity: Partly cloudy tonight and Tuesday; not much change in temperature; mod- erate east to south winds. Florida: Partly cloudy tonight and Tuesday, occasional rain in north portion; not much in temperature. Jacksonville to Florida Straits and East Gu!f: Moderate north- least to east winds over north por- tion and east to south winds over south portion; partly overcast weather over south and overcast with occasional: rain jover north | portion tonight and) Tuesday. | ! WEATHER CONDITIONS | Pressure is moderately high this morning over southeastern districts, Nashville, Tenn., 30.16 inches, and another high pressure area overspreads the country from the Plateau region westward, Salt Lake City, Utah, 30.26 inches; while low pressure covers the re- mainder of the country, with a disturbance of marked intensity central over Minnesota, Minneap- olis, 29.16 inches, and north Pacific coast, Seattle, Wash., 29.58 inches. Precipitation has oc- curred during the last 24 hours from Montana and the Dakotas eastward over the North and Mid- dle Atlantic States, and there has been light rain in portions of the South Atlantic States, lower Rio Grande Valley, and on the coast of Washington. Temperatures have risen in most sections from the ! ware lawyer, U. S. attorney-gen- change! another | disturbance is moving in over the! 1772—Caesar A. Rodney, Dela- and Del. senator Dover, eral, congressman, ri Kansas City, Mo.—A newer diplomat, born at i ture method developed by a d Diebettine Bre aae itor is so successful he offers t 1809—James Nack, forgotten! give every ruptured man or |New York deaf and dumb poet of} man who tries it, a $3.50 t his generation, born there: Died'free, It does away — with Sept. 23, 1879. ‘ belts, d 1813—Sir Isaae Pitman, lish shorthand originator, Died Jan. 12, 1897. Eng- | born. ruptures better. Often in a short time. Others say they longer need any support. method will be sent’ on 30 da; trial and he will send the $3. ‘ «gi truss free with it. If the met! picig mpeg ugg Pe fears does not help your rupture retw May 5, 1887, z it and keep the $3.50 truss for ee a | your trouble. If you are ruptured j i . O. Koch, 7531 K % | jg!S7—Blanche Walah, actress |B 2996 Main St, Kanans Cit rere oe af “"""| Mo., for his trial offer.—adv. j 1822—Washington C. De Pauw, Indiana plate: glass imanufecturer| and philanthropist, whose business! Rocky Mountain States eastward to the Mississippi Valley and over ; BENJAMIN LOPEZ ithe upper Lake region, with read-/# FUNERAL HOME ings 34 degrees higher in portions | of South Dakota; while somewhat | colder weather prevails over most eastern districts, G. S. KENNEDY, Official in Charge. friends will be receiving an invitation to our Wedding; and we want it to be the best looking invitation we can get.” i Naturally, you want your Wedding Invitation to be the very finest; and that is why we are inviting you to inspect our ‘remarkable line of genuine Steel Engraved Wedding Invita- tions and Agnouncements in the Favored Styles THE ARTMAN PRESS CITIZEN BUILDING TOC LLLLAALLLLAA AA ALRLELL LL ILT 4 Cups 3 Burner on Legs. - . $1.00 and Saucers, 4 Plates and 4 Cereals Service for 6. Attractively Painted Looks like a $5.95 Set. A Bargain WICKLESS OIL STOVES Painted Green and Black. Stands 32” High, Green and Black, It’s Portable 34” Wide. Has Shelf at Bot- EACH $7 75 tom. EACH $12.75 3 Burner without Legs $10.00 SOUTH FLORIDA CONTRACTING & ENGINEERING CO. “Your Home Is Worthy Of The Best” White and Eliza Streets ner Set $3.98 2 Burner without Legs. Painted Phone 598