The Key West Citizen Newspaper, March 29, 1937, Page 2

-———— hot ‘ds obituary not . Se Te nations, ete. Will be ‘charged for at ® ferenue is to be derived are 5 cents a lin of public insues and subjects of local 1 rae bat it will not publish ‘anonymous commant Made known on application. SPRCIAL NOTICE All reading fees, © of thanks, resolutions of line. Notices for entertainments by churches from which The Citizen ie an open forum and invites cus~ a Free Port. Hotels and Apartments. Rathing Pavilion. Aevrte -Land and Sea. Consolidation of County and City se ees | Government. THE BALANCE WHEEL “Our courts are the balance-wheel of our whole constitutional system; and ours i» the only constitutional system so __bal- enced and controlled, Other constitutional systems lack complete poise and certainty of operation because they lack the support avd interpretation of authoritative; indis- putablé courts of law. ... “The constitutional powers of the courts constitute the ultimate safeguard alike of individual.privilege and govern- mental prerogative. It is in this sense thet our judiciary is the balance-wheel of our entire system; it is meant to maintain that nice adjustment between individual rights and governmental powers which constitutes political liberty.” WOODROW WILSON, in “Constitutional Government, in the United States.” e, Columbia University Press. This is the week you have to watch your best friend if he thinks he has a sense of humor. The city council finds it very difficult te pay its current obligations, but when they want to go on a junket, they quickly fied the money. it ie reported that many real estate sales are not consummated when it is. dis- eevered that the tax rate is so high here. Het why worry about taxes when no one is required to pay them in Key West? The stock market, they say, is ree influenced by sit-down strikes. What's a pants stock?—Fort Myers News- Most any stock on the market is a| tock geod for “pants” and many of them. I've According to the Key West Citizen, there is no such word as “columnist” in The columnist is a civilization.—Times- | Webster's Dictionary. preduct of modern Union There does not appear to be the slight- est chance of the child labor amendment te the Constitution being ratified by suffi- cient states to become law this year. Un- der the guise of attaining the worthy ob- jective of taking children out of employ- . the amendment would surrender to res: the power to regulate them. But favor the pending legislation in to invoke the commerce power of the Federal government to pro- teet states where goods produced by child labor are barred. That seems to take care of the situation, we Congress of the epidemic of such strikes that has followed the original it appears that pub- lic opinion in the United States must soon erystalize and express itself, ‘ The seizure of other people’s prop-! erty by dissatisfied laborers is a ‘serious | matter. If permitted to continue ‘it'’ will not be long. before every dissident group will undertake similar mass seizures and’ property rights will vanish. That the American people contemplate this even- tuality, or that they will permit it to hap- pen, is not to be contended. As a general rule, The Citizen is in- clined to support organized labor's ef- forts to improve the conditions of the working people of the United States. It is even willing to make allowances for the exuberant action of men and women, fighting their economic battles against ad- verse odds, but, even after doing so, we cannot give a blanket endorsement to the tactics that have been evolved in the sit- down strike. & It is plain to see that if legitimate unions are accorded the right to seize prop- erty of others the illegitimate labor organ- izations, of the racketeer type, will also use the same weapon, There is no way for the owner of property to determine wheth- er a sit-down strike is directed by workers, or by criminals, gangsters and racketeers, who desire to take advantage of the un- lawful possession of property. Sooner or later there will arise a de- mand for governmental power to effec- tively deal with sit-down strikes, as well as other labor troubles. The President of the United States is on record in favor of governmental powers to compel the mutual observance of labor contracts by employe and employer alike. This would do away with the necessity of resorts to force and put the government in the business of an arbiter of disputes between capital and labor, with the idea that the interests of the general public come first and should be first served. A NATIONAL DILEMMA The trouble that Congressmen are having in attempting to. determine a neu- |/ trality policy for the United: States in- dicates that it is virtually impossible to} be in the world and out of it at the same} time. ; While we cnderstand that the politics | of our day and generation have apparent- ly decreed that the United States shall} have as little to do ,with the affairs of other nations as possible we are not mis- led into believing that it is possible for this great, powerful nation to live alone, Being a part of the earth and a na- tion of great prestige it is inevitable that the policies of the United States affect! every other nation. Even a do-nothing | policy has a transcendent effect upon; world polities. A cash and carry neu- trality law, for example, practically allies us with the nation that happens to control the sea. A policy to protect our commerce involves the risk of conflict, which every- body is anxious to avoid. The dilemma! i them for future generations? And feight months after, The depressi ‘great number’ and money and banking bills, the great majority of which came from people who know very fundamental _princip ft. money and With the com-] of of business recovery, pub- lic, interest in sae apeePost'| be prolonged and accentuated by the as died out,| be pi artificial stability the price Our experiences with a very stable ice level from 1923 to 1929, under- ing which were a huge inflation and great ‘ic maladjustments, economi apparently provide no lessons of any value whatever to Representative Patman. The bill charges the Board of Gov- ernors of the Federal Reserve Sys- tem with a duty it could not possibly perform; and ignores the lessons of the world to the effect that, when governments take over central bank- ing systems and administer them the control of credit and money supply and of the price level is not improved ed and endan- but definitely weaken gered. The provision for an issue of legal tender money “under authority of the Constitution” would seem to im- ply (of course, incorrectly) that the money now issued is not constitu- tional. It provides that the proposed legal tender paper money shall re- place the present paper money (also legal tender) but says nothing what- ever about the proposed money hav- ing any reserves or collateral as un- derlying security. It seems quite clear that it is intended that the proposed 1:gal tender money shall be an un- secured or fiat paper money—in other words, it is greenbackism, pure an simple. Such a proposal assumes, of course, that the people of this nation do not know the difference between a paper money token with uo tangible or universally - acceptable metallic re- serve and a paper money that is se- cured by, and redeemable in, an ac- ceptable metallic reserve. It incor- rectly assumes that the government can maintain the value of these paper tokens. It incorrectly as- sumes that it is quite proper for the government to defraud the peo- ple of this country by issuing to them unsecured and irredeemable paper tokens which in time will depreciate in value. It incorrectly denies, by implication, that the bitter lessons, which the nations o- the world have learned many times from the use of such paper money tokens, are of any value whatever. money and banking bill in- troduced in the House of Rep- resentatives on Feoruary 23 by Rep- resentative Wright Patman of Texas may prove to be the last of the long series of wild money bills which sharacterized this depression. The Patman bill tH. R. 5010) pri poses that the government create a sufficient supply of money to provide full employment to-all people capable of labor, and a full utilization of the natural resources of the country; that the value of money (that is, the price level) be stabilized, and that the Board of Governors of the Fed- eral Reserve System be charged with the duty of making this policy effec- tive; that the Federal Reserve banks be purchased from the member banks by the Federal government; and that “legal tender. money issued under authority of the Constitution of the United States” be issued by the government to replace all other paper currency. Since this bill is so typical of those that have appeared during the re- cent depression, and since it is to be hoped that it may be the last of the series, it may be worth while to point out briefly its principal fallacies and dangers. In the first place there is no evi- dence to support the assumption that a government, by printing paper money, can provide full employment to all employable people. There is evidence to show that such issues of paper money destroy confidence, create uncertainties, cause deprecia- tion in the value of money, and lead to a wide variety of unfortunate eco- nomic maladjustments and social consequences. What constitutes a “full utilization of natural resources?” And should a nation attempt to utilize its resources fully, or should it conserve some of could any type of paper money issue assure any particular utilization of (Address questions to the author, care of this newspaper) erdcccccccccccescccccce! Today In History) in United States-Mex can War after sivge. erm navy? 2.° How fe ny members of organized Ycbor? 1882—The Knights of Colum-: 3. What ration has the largest! bus, founded at New Haver. the! merenant flect? evious month, incorporated un-} aul der the laws of Conns Hite Spacer i Rockefel'er, many worke; 1890—International Union of; 5: American Republics establish a; 6, Wen did Lou G ig co Bureau in Washington. {menec his consecutive same ree- eee jord? 1912—Capt. Robert Falcon! 7. How far have prices of com- sh Arete ex. modities risen during our recov- h the South |ery movement? Pole and that only a me:th after 8. Did Amelia Earhart v fly Amundssn,, perished im Arct oss the Atlantic Oce: id. only 11 mites. from 9. Which was the frst radio —ast written y found | broadcasting station? | 10. When was tne -|ship sunk by a submarine? (See Anwers on Page 4) God’s sake, look afte ple.” 1918—German “Bg kilt d injure 100 WHO KNOWS? rs are the age’ of John D. ae Who was Charles A. Poo'e? first war- Barometer 8 a. m. today: Sea level, 30.02. WEATHER FORECAST (Till 7:30 p, m., Tuesday) Key West and Vicinity: Increas- ing cloudiness end somewhat warmer tonight, followed by pees | sional rain Tuesday; moderate! northeast to east winds. Flordia: Increasing c!oudiness and somewhat warmer tonight followed by occasional rain Tuvs- | day and in extreme ~ northwest | portion late tonight. Jacksonville to Florida Strai ; Moderate northerly winds, Lecom-} ing northeast and east, and in-} creasing ¢oudiness tonight, fol-| lowed by o¢eadional’ rain Tues- day. East Gulf: Moderate northeast | to east winds, and overcast weath: .|er followed by rain late ton‘ght or Tuesday. | WEATHER CONDITIONS Pressure conti low gver the north and middle A#antic States, and is moderately low from the southern Rockiés south- eastward over the Bio Grande Valley; while the ortkern high pressure area, crested this morn- ing over the nogtkern Pla‘ns and upper Mississippi Va'ley, | overspreads most of the remain- er of the country, Light precipi- tation has occurred during the last! 24 hours in many localities from! the Rocky Mountain States east- ward to the Mississippi River, and MOLD I LD DI PD MH day worshippers in a Paris BENJAMIN LOPEZ FUNERAL HOME Serving Key West 1927—Ontario, her 10-y Canada Prohibition exists in almost every sphere of action. It ay See Half Century cannot be side-stepped. 193G6—German vlections fail to 24 cease = on give Hitler 100% vote by les | Phome 135 Night 696-¥ ithan 4% of 1%. t “NO WAR IS IMMINENT” { 2 — PTET FEF EE, t Mrs. Anne O’Hare McCormick, jour- nalist, recently returned from a_ trip to; Europe, where she interviewed prominent | leaders in London, Paris, Rome, Vienna, | Prague and Berlin. | She gets the impression that these} statesmen “don’t know from week to week where they are going” but declares ‘“‘they all are thinking of peace.” She continues, “one thing upon which all these govern-; ment heads are agreed is that-no war s | imminent disaster has passed.” The fact, however, that great | powers are feverishing arming themselves ! for war indicates something else again. | Very -plainly the signs point to war, though no man can say when it will begin or what comparatively minor incident m cause the explosion. Meanwhile, ever body is getting ready, and past experience i leads to the conclusion that warfare is dis- | tinetly a threat in Europe in spite of what the governmental leaders say, all al-} SAFEGUARD YOUR VALUABLES Don’t expose your valuables to robbery and We have a few safety deposit boxes desire to fire hazards. for rental to those of our clients who use them for the safekeeping of jewelry, deeds, mortgages, life insurance policies, your will or curities or valuable documents, THE FIRST NATIONAL BANK OF KEY WEST Member of the FDIC Member of the Federal Reserve —BPLD LMS IIS ST SSS DD. | HOUSEHOLD SCALES: Ac- i curate. Weigh up to 25 Ibs. in ounces— EACH .. SP ecleneg So WATER COOLERS: Bright en- ameled finish. Ivory trimmed in green. Galvanized interior— 3 Gallon . ... $3.50 6 Gallon _ =~ * Soe GARBAGE CANS: Guaranteed leak proof and rust proof— 15 Gallon .. $1.00 26 Gallon 2.25 White and Eliza Streets __ . Better tasting, more “form results, nels cool kitchen, vantages of modern electric¢ the low cost of $2.00 per pera He are the most complete electric ranges at this low price. WLI LSSLSSS SSIS SSS LIISA Ms 16-Pc. Set ee et ae ee Brilliantly beautiful and equi) new flattened, ribbon-type, you will find cleetrie cooky ery to be fast, clean, exe nomical, and the cheapest fuel yeu can use, ODM $1.00 5 Gallon OIL CANS: Heavily galvanized. Closed spout and top— EACH .......... $1.00 STONE WARE WATER COOL. ERS: Hardened stone glazed on inside and outside— 2 Gallon .. $2.75 3 Gallon . 3.93 BATHROOM SCALES: “Cor- rect in every weigh”— EACH ....... $2.98 SOUTH FLORIDA CONTRACTING & ENGINEERING CO. “Your Home Is Worthy Of The Best” Phone 598 DGIDIIILI ISS LS OO SYS Fy LILO LIP LIIOLS. THE KEY WEST ELECTRIC COMPANY | ne ee PIALLZLAALLZLALALALALLLALAAAAAAAUMAAAA AAA be