The Seattle Star Newspaper, December 18, 1914, Page 4

ow to Get Working Capital for the Public Business Needs T THE time of greatest business depression in one been made to provide for increased employment, more jecting John or the others to undue risks. “ communities, when the trade for the butcher, baker and clothing maker, an easing Can this be done? working force in the mills had been cut to 40 per cent of of the strain for all It has been done in France, When the normal, the savings accounts in the banks showed an legions of Bismarck, in 1870, crushed the og nt Ge Na cipal bond actual gain over the average in prosperous times poleon ITI. and levied ® war indemnity of $1,000,000,000, ing, Tae Sau lini Wadbive ig the banka:at be it was paid by whom? Not by the rich and mighty of s y wi a z France, but by the small farmers, the peasants, the toilers tween 3 and 4 per cent interest At the same time im for humble wages. cheer public improvements, city, county and state, were From a million unexpected sources, in small amounts, cing held up for “lack of capital representing the hidden store of a lifetime of thrift, there in amounts as low as $20 and are buyable, in any number, the counter,” first come, first served There are distinct advantages connected with a muni- ith a county or state bond. Generally speak- the investment is safe, Cities, counties and states do not bankrupt or default on their debt Then, too, if you are a city bondholder, you become unusually interested in how the city is run a tonic for carelessness, popular bond issues are fine The thing has been tried, in a small way, in Seattle, “over our largest industrial German The new banking system which has just become op- erative has appreciably relaxed the money tension, but it has not taught, and it alone will not teach John Smith, thrifty wage earner with a few dollars of savings, where or how to invest his little nest egg to the best 5 ek It is not well that he—it is not well that any of us— should learn to gamble. Most of us will never have the civic Inquiry brought out that much of these savings had been banked because the owners did not feel equal to making personal investments. They or their friends had been so often “stung” that they preferred low bank tm terest, with promise of safety, to higher interest, with a feeling of risk. It needs no argument to establish that such dition is bad for everybody. It was of little advantage to the banks, for they were not using the money. It hurt the business activity of the community, which depends on Had there been chances for special knowledge of financial conditions to make us keen detectors of good from questionable or worthless mis- cellaneous “securities.” Yet with the big war destroying for generations our former chance to get working capital from Europe for the business needs of America, and with the increasing necessity, therefore, of finding this capital among our own people if we are to have the prosperity which we nee becomes doubly important that the savings of John, of John’s grown sons and daughters, and all of their kind, poured forth a stream of wealth in aggregate so large that it treated the Iron Chancellor to the surprise of his life. Today a great proportion of the bonds which have helped to make Paris the wonder city of the world are owned by the ters, milliners and shop and factory workers of Paris and of France. So true is this that they have come to be known among disgruntled bankers as “servant-girl bonds.” They aren’t issued in big, almost prohibitive, denom It should be tried more frequently, and on a larger scale. By letting the people buy public bonds directly, you provide a new incentive for the habit of saving; you let citizenship in on the ground floor; you insure against speculative tieups of public improvements and you free the bankers to give more attention to the tremendous needs of commerce—a task for which the new banking system has greatly strengthened them, and in which they have ample opportunity for profit. Let the John Smiths of America, therefore, provide inations, to be sold at wholesale to privileged bankers, the working capital of the future; but pay them for it by thence to be retailed at a profit, to the public : active, not passive, dollars. giving them, in interest rates, all that the money is worth. safe investment at fair return, sub. this money could have should be coaxed into activity, without, however, They are EATTLE STAR (DIANA DILLPICKLES “ . Se ASA SS oe = s HER REMITTANCE MAN BEAU : “S SPINNING'S QUICK ACTION SALE Offers you the BEST BUYS Compare our prices with thosellas elsewhe for the benefit off your pu $1.00 No, 1 Mysto-Erector For teaching mechanical stunts $6.00 Gillette Razor os GAAS NORTHWEST LEAGU OF NEWSPAPERS) i roa st whan ot United Preas Association YOU HAVE Been MAKING A PRACTICE OF SPONGING INK ofF OF ME TO FU YOUR OLD FOUNTAIN PEN, LET THS Be THE Cast Time tf Telegriph News Service of - Entered /t Seattle, Postoftice as Second-Class By mall, out of city, 2c per month up to 6 mos; ¢ moa #1. rier, city. 260 a month. Publishing Co, Phone Mata 9400, Privers| Matter, yoy te “DE SURS ANO M4ke MO Look HICH TONED, MIGNON, T WANT TO LOOK PARTICULORLY STYLISH TONIGHT 2ECeUSE TA GOING OUT ‘TONIGHT WITH ARTIE VAN SHOESTRING, WHO'S Such A SWELL AND WCW A SPONDER! ns wns PR ns EATING SEEMS to be as popular a habit as It ever wa ho the mob which made things lively In downtown Seattle Thursday 69¢ LUMBER MANUFACTURER says the laborer should bear the s and girls | first ald” cost, and the employer should pay nothing. Sure! Let the rr not only pay in health, in injuries, in crippled hands and shout iders and backs, etc., but let him also pay in actual money, so that the, Any man who shaves dally industry” may thrive and grow fat, and permit the employers to build) Any man who shaven, daily fine palaces and travel abroad, etc. | 5 ; : ‘fg / dhe egg hoy Deghodien 7 sonally. Put this amount a for ten years, and you will be capitalist $4.00 Putnam Carving Set ..$2.98 | Put up in nice leatherette case, Work for Santa Claus | made by Putnam Cutlery Co, ; | which is owned by Landers, > HAPPEN to think of two places in particular where way ae kote ae 1 i av ful present Santa Claus is going to have a busy time. pt 4 Pp 4 Since Henry Ford cut his melon for labor, a year ag ph ei tioe Pieced egg ‘7 pe Bc sorey have been salting savings at the ra Made by Clauss. We guaran | ee one tee them to be Right—with a» Maybe that won’t mean a lot of happiness among sev eral thousand Detroit kiddies on Christmas morning! big R, = Of course, the circle doesn’t end there. THIS 19 THE $40.00 Spinning Special Bicycle . © Those $5-a-day Ford men last year contracted for homes A bicycle is ideal for Christmas, Spinning Bicycles have prov- "ei their own worth $5,000,000 and actually paid $1,200,000 lire$ 7 Nevsr 7 i i " 1 - n thetr worth by 20 years of service in Seattle. Chotce of New HAO Such GlisGaNT — : Departure or Morrow Brake. Sturdy Steed, Success, Triple Tread, on account. =Which means a lot of work for masons, carpenters, @arts Berore! rHe Spinning Non-Skid er Nobby Tread Tires. Perfection triple spring CHECK MUST BG > saddle, mud guards, etc. Choice of several different sizes. There ‘ bers, etc., and more work, too, for old Santa Christ mean : eve. never has been so uch and so good a bicycle for so little money. $1.75 Holm nd edwards Hollow-Handie, Sectional Plate, Knife, { , The other place—would you ever guess it?—is in the big Prison at Sing Sing. Fork and Spoon . They are the big sise child's oy Now that Tom Osborne has been made its warden, the oo behind the bars have been put on their honor and are © §6Think of it—they’re at last to be treated, not as beasts, CAPT. FOSTER spent a whole afternoon fishing In Elliott bay and | That doesn't mean, however, that the NN eh Fur Win. oO. “HI HVS | olds. Sectional plate is heavier and longer-wearing than regular. ta receive visitors on Sundays and holidays These are sold {n many places at $2.00 and $2.50. ut as human beings; they’re to have a chance to start over} hin Mabladatin 06 thes wie: SPINNING’S CASH STORE 2425 Pout 1417 Ave. The Above Are Quality Presents. Their Use Brings Pleasure te the User and Kind Remembrances of the “Donor” 1 WN ee It says Chicago beet | J __/s high and getting higher. in. -- Santa will be very much at fault if he doesn’t remember Sing Sing THE INTERNATIONAL Sunday School associa- | Cn | - a tion plans to send a Bible to every soldier of the war- _ ring armies. See Exodus xx, 13: “Thou shalt not kill.” | _¢ —e | Knocking Seattle “ave YoU HAD GNOUGH TN CANAPG AU MALLARDS $ | A Mild Protest a pamphlet sent out over the country, advertising the advantages of Seattle, the Chamber of Commerce has the} ous a oe aan nek ¢ “I don't quite ang mint = GREATER SEATTLE CLOAK & SUIT CO. Ave., B Pike & Uni 1418 2nd Ave., Between Pike on following paragraph under the head: “City of Cheap Power” NOt ALC THROUGH § ke i ‘4 as he tied up| @ package of sugar. | WILL EXIST NO MORE | “The mountain streams supply Seattle with an abundance | WELL, LET MS KavS r ’ “What remark was that?” asked REMEMBER LOCATION—OPPOSITE BON MARCHE " of cold, pure drinking water. Harnessed, the waterfalls give} Your mas Bac | tus cantonser | Beattle cheap light and manufacturing power.” Coming, as} ps 4 |e you Just “as & | c= eet dy papa } | mon had an offhand way of doing | Greatest of all Bankrupt Sales will never be forgotten by Seattle ladies. "this praise does, from so conservative a body as the Seattle | | Chamber of Commerce, municipal ownership of the water and |} things. And you wished I was} | light plants can fairly be assumed to have made good abso i eg {tiled os sossae seul This store was noted for its large assortment of finest qualities and exclusive styles in Ladies’ Suits, Cloaks, Dresses and Furs. All must go, and at once. This sale positively closes in 6 days. We must unload, and have made * futely. Those who are now knocking the light and the water} lenat your hand was on the sugar] | ‘bleeding, and the fame goes to the general or the crown prince ; g g f | a deeper cut in prices. Every garment must be sold. past generation, before the days of | | that remark of Skinner, the grocer, something WHY is it we slip a dime to the fellow in a summer ' suit, who, trembling, tells us he’s out of work and lend $5 to the well-dressed fellow who laughs as he tells you the boss fired him for being stewed? _ Such Is War q gwaitel 2,000 German sailors, who were 10 days ago cel My saucy younger brother. ebrating victory over the dead sailors of the British) | 1 think I'll call him One Good Turn, . | WW Md 77 | For ho always deserves another. ‘cruiser Good Hope, are at the bottom of the sea. | Wy // | Such is war. Yesterday, you were a hero. Today, you're| » * & Le S THere &f Goes ALL MY ‘a ghost. And, if you're neither hero nor ghost in particular, ithe world will never hear of you. You do the shooting and Mies CH erly ld An Occasional Visitor Money A notable housekeeper of the At home | often have to slap “Ay, Permiy met MY REMITTANCE DOesn'T COM UNTIL JANUARY 15.” He dearly loves his drills. -* 2 “ance SS = “HUNTSMAN, spare that skunk,” says the United oe | States bureau of biology. “The polecat is the most useful of mammals; he destroys the caterpillar.” Neigh- bor, we prefer the caterpillar! Just as of Old ETROGRAD strategists are already discounting the Rus sian evacuation of Warsaw, saying that the bombard lants are knocking the city itself. They are Seattle's ene-| | when you weighed it.” | screens, had just announced that | |she never had any fiten, | “But, Aunt Augusta,” faltered | . | mies, who are endeavoring to give the city a black eye without | , | eee the timid visitor, “It seems to mo} Do not delay—it means your loss. Prices cut as follows: I COATS | SUITS | DRESSES . “Are you saving up $7.50 to $12.50, $15.00 to $20.00, $7.50 to $15.00, “No,” replied Farmer Corntossel. “What we're troubled with out this to to $12.50 to $15.00, $20.00 to $30.00, $15.00 to $25.00, $7.95 |way fs an annual drought. If we| “$5.95 |s".... $11.95] 2... $" w 0 $40.00, had more rainy days everybody | would have money. | to $15 to $25.00, $30.00 to $40.00, cut cut $9.95 $15.95] :*.....$19.95 cut ca skun See our Windows. We give what we advertise. 1418 2nd Ave. Between Pike & Union , thone,” replied her aunt, with a majestic wave of the hand, | “were the neighbors’ files. They | come fn occasionally, But, as I ment of cities has a tendency to demoralize armies, any- was saying, we never have any of} how. aS our own.” ; 2 : oe eee | Napoleon proved that the Russians are the greatest people | ‘on earth to take a licking and still look pleasant. History| | y| | ‘often repeats itself. Deliberating. Mra, Crawford—Why don't you ask your husband's advice? Mrs. Crabshaw—I intend to, my dear, just as soon as I've made up my mind what I'll do. eee Sounds as if It Was HE original Gardner resolution for a special committee on investigation of army and navy was a quiet, courteous, | modest, gentlemanly little measure compared to the present ORDER NOT A UNION universal roar over the army and navy, wasn’t it, Woodrow?| mattor The pd . Meee ts ‘ai paphopen te mat t tatet Cea When going into a hollow log for a yellow-jackets’ nest,| paper a letter written by an em-| tion, as the offic’ S. B always back in! ploye of the 8. KE. Co., stating the} Co, claim, but {s clety 3. B. Co. had discharged 40 men,| for ratlway men and by railway giving them no reason why they| men, paying an accident, a sick and were discharged. a death benefit Conserving Him. Dudley ts on the boom! The new policeman was on duty Saturday and the mayor deputized Andrew | Hargrave to put him in the new guardhouse for safe keeping, Mount Olive (N, C,) Tribune, eee Suspicious. a “TO CURE A COL’ Throw the cough medicine “What makes you think the new ** out the window and let fresh air in,” remarks Dr. Marvey As I am one of the 40 fired, I W. Wiley. You said something, doc! ‘The Virginus - Hotel ‘S. and Kighth Av., Geattic. Use any care via Weatiake Modern, sienantiy furnished rooms, with the best in Cleanliness, comfort and courtesy for the least money. Transient, 600 to $1; weekly, $3. “ want to state that since then the of- fictals of the 8. E. Co. have given the reason as being the joining of |the Order of Railway Employes. 1 am a member of the Order of Railway Employes, and have been for the past soene prepe and I wish OND OF THE FIRED FORTY, President will reconsider pardon of W. Burt Brown, former secretary of fron workers, convicted tn “dyna- mite conspiracy” case, soprano won't do? At first you said her voice was good.” “I know I did, but none of the other sopranos seem to be jealous of her.” eee The Music of the Road, Along the road I hear Stock can be bought in bulk. Fixtures for sale. Merchandise on deposit must be called for by December 26. SN Open 9 a. m. Open Saturday nights and 4 nights before Christmas.