The Seattle Star Newspaper, July 7, 1921, Page 6

its doors, iy fs not tell a lie,” the bank and their cash. when they thelr te bank they are get it out again. Perhaps those Atlantic pirates fust ordinary bandits forced by ion to take to water. | Reckless drivers don’t always miss the scenery. | Allies find the Poles full of splin- ters. ‘You, and the rest of America, speeding along today, hitting = the high spots in life. That's nature. Bat is yours a sane or an insane dohn Lacey also ts a speeder, For 82 years he has ripped thra life at miles an hour in the cab of one of the Rock Island’s crack trains. He says locomotives can’t go too fast for him. Lacey uses speed carefully. He's B® sane speeder. And in 52 years i. never had an accident. You, speeding along thra life, an tako a tip from Lacey. It's this: “If yon can’t ‘stop,’ at least ook and listen!” J. Stanley Joyce says he paid his _ wife, Peggy, $100,000 for one kAss. Looks like Pegoy was profiteering tn one of life's neceasitics. “Paris Btudying Reparation Bnarls”—headline. They sounded More like yelps to us. 7 rouge on the knees ts coming to stay, we-monder if they'll pow- det thew ia padlig ut of elty, 88e per month; # m: the state of Washington, © months, of $4.08 per your, This picture is itself a powerful editorial. It shows a window of the Scandinavian American bank of Seattle, which last week ae Note the words, “Deposits Guaranteed by Washington Bank Depositors’ Guaranty of the State of Washington.” é That sounds explicit enough, reassuring enough for anybody who has faith in the in- egrity and soundness of the State of Washington, surely. |} And note the dignified, benign picture of the Father of His Country, the “man who : in the center of the wording. | A great many persons—remember there were 21,000 depositors in this ‘bank at the ime of its failure—took the “Deposits Guaranteed” sign at its face value. They left h ir money in the banke because they felt that the State of Washington was standing Why Don’t We Laugh? On the morning of the 1th of November, 1918, the writer of this editorial rode up the broken road that leads from Lille to Brussels —Lille on one side of the battle line and Brussels on the other. Noon was approaching. The car passed a weary troop of British foot soldiers and we spoke to a sergeant “The war ts ever; an armistice has been signed,” we sald, He saluted and replied “Thank you, cir.” Jast that and nothing more, ab thoagh it was his first news of the end of the war. Our car rolled on until tt reached the fighting line, a little town called Ath, where fighting had continued most of the morning and where many lay dead when we arrived. All the way, as op portunity offered, we broke the greatest news in the world to one man and officer after another. ‘The British sergeant’s phiegmatic acerptance of the information was typical of them all, even of certain French, Portuguese and Italians that we happened to meet. These men had been fighting se long, peace had come to be so far removed from their thoughts that its arrival left them without the emotion to meet it. That came later in the case of those to whom is came at all This incident of the Great Day comes to mind as we witness the reception by the American people of the senate’s solemn pronounce ment of peace with Germany, The war ended, peace began, that day In November three years ago. Yet our congress having struggled with itself (hruout these three years holds its breath and takes the desperate plunge. It declares the war ts over! Something is wrong with the American people, Something has happened to us akin to the thing that prevented those tired soldiers cheering when they learned the news of November 11, 1918, Something is wrong. Otherwise <= laogh! Deo you remember the old-time Dutcher, with @ mustache like @ worn-out paint brush, who “threw in” @ soup bone and some dog meat and gave son a wke large wiener? Stefansson's gomg to take a trip 850 miles beyond the North Pole. Probably pay for tt out of the money he'll save om his summer foe bills. Liquor once put men tn the oxt- ter, against their wills; men now put liquor in the gutter, against their wile X-ray of average business man’s thoughts: “Prices will remain low in every business except mine.” Planes may smooth down the Ugver navy dispute. LETTERS TO EDITOR The Bank Guaranty Fund Editor The Star: As a depositor of the Scandinavian American bank, I am writing to you to find out if you will explain thru your paper’ the federal reserve law and the Wash ington guaranty fund. I deposited my bonus check In this bank three days before ft closed and in asking about the security of the bank I was referred to these two laws, We are af wondering if we can lose. Will you explain? A STAR READER. The federal reserve act does not guarantee deposits in banks which belong to the system. But ft does give the banks far greater strength than they would have if they were not members of the federal reserve. The chief function of the reserve system is to give banks greater re sources of credit. If a bank is weak ened by heavy withdrawals of de posits, the federal reserve will take [the negotiable paper of the bank and rediscount it. In other words, it |will help the bank get ready money on its securities. ‘The Washington bank depositors’ guaranty fund was established by an act of the legislature in 1917. At i His Excellency, Gov. Louis F. Hart, Olympia, Wash, Sir: omplish any real and lasting goo The exemption from: taxation of stocks and bonds is iniquitous, The property owner who now pays about 85 per cent of the taxes of the bear the bur n of the taxes that should be tfully imposed upon the owpers of stocks and bonds, The new tax law should provide for a 75 per cent vote on city tm provements which would help save the further confiscation of prope Under the present system of a 51 per cent petition, very often, the property owner {# made to pay for an improvement on an actual minor ay petition accomplished by the we Wants Radical Tax Revision Permit ‘me to suggest that only a| radical revision of our tax laws will,| city, county and state should not| the present time there are approxi mately 100 banks in the fund. The |Scandinavian American bank* was| he only “guaranty” bank in King | nty, Most of the banks in the| system are small. The law is not compulsory. The object of the guaranty act is |to protect depositors by establishing a fund with which to pay the do- positors of a bank which collapses. |For this purpose member banks were required to pay tm to a central fund 1% per cent of their average daily deposits, to be used in case of a |failure, At the present time there tr tn the neighborhood of $750,000 in the fund. The question which has just jarisen, and which hag not yet been lmettied, ia: | Can banks that are in the guar. unty fund be compelled to continue jmaking payments to cover the loss ot a big bank failure? | The guaranty law provides that banks can withdrmw from the sys j tem after six months’ notice, Does this provision entitle banks to es cape further lability or must they continue paying in 1% per cent of thelr deposits yearly until sufficient | money is paid into the fund to cover all losses? : alous contractor with the ald of| city engineering department and often, too, the property owner e to pay for an improvement! over hig protest and from| which he very often derives no benefit. The State of New York under its! new tax law has cut the taxes on| real estate 60 per nt and in conse quence the buildi. y thi j Out the state, along all lines o struction, is unp nied, Revise the tax laws 80 a9 to make them fair ana eguable and you will! see an immediate improvement of| business throughout our state, Ikam enclosing herewith a booklet written by me in 1912 on the ex travagance of our elty and county |administration which I presaged| would result in ruinous taxation which the state at last is waking up to, Yours respectfull " CHAS, COWIE For intelligence ls somethin don't place your WIIOL Tho they give you lots of glamo: Tt fg well to have ambition for a lot of erudition, But—a little bi of beauty does no harml And tho knowledge i# enduring, don't it won't minimize your I ‘The appearance of an And it causes no re THE SEATTLE STAR men admire, 4 of charm; While ft's wisdom to endeavor to be sctntifant and clever, Don't forget to give your features proper care; eglect your manicurtng And occasional attention to your hair, 4 rning if you shew s@me Chought concerning or an arm; And tho style and ft and fashion shouldn't be your ruling pasion, Yot @ Little bit of dmartness does no harm! s Oh, a girl who'y wise and witty can be also migtty pretty And exceedingly attractive to the glance, tuetion tn the werth of hee tustruction step is like a feather In the dance t len't ALL the secret of her charm; bit of beauty does no harm! (Copyright, 1921, vy Beattie Star) Try This on Your Wise Friend How is it possible to use the number: once only, in a problem of addition to make them ‘ota! Answer to yesterday's 61 sflver Golara, 61 being the least common multiple of 2, 3, 4, 6 and 6 (60) plus 1. The New Improved GILLETTE SAFETY RAZOR Uses the same fine Gillette Blades as you have known for ‘years—but now your Blades can give you all the luxury of the finest shaving edge in the world. Identify the New Improved Gillette by its Fulcrum Shoulder Overkanging Cap ‘Channeled Guard Micrometric Precision Automatic Adjustment Diamond Knurled Handle Diamond Trademark on Guard Finer Shave— Longer Service More Shaves from your Blades In SILVER and GOLD Shaving Sets and Traveler Outfits $5 © $75 The New Berton Braley’s Daily Poem ‘CAUseftal Toa, « firstelam education gives a mental elevation Which ts worth the tof! and trouble to acquire; And @ brain that's quick and active makes ® woman more attractive, iance on your letters and your setence, © the girl from college, with ber eutture and her knowledge, ple, howest fact in, she bas learned from @afy practice 1 to 9 inclusive, BY DR WILAAAM EB. BARTON hard to be un-| 1 know some of mendable,and! world. worthy of a bet-| ter caune. | It in ensy to tion but there ure peo mn, | self | pels admira | fomeone has hurt you? Quite pow depends upon yourself, | te fu If he has done an unworthy thing | not t to you, be bas than be has hurt you not sure that in the 4, 1 am} you will be | era jit thru Hie ix not no brave an the Mon, and does not fly #o gracefully as the cugie, and he does not sing so sweet-| ly as the lark. | But the oywter does this fine thing when something hurts him, he heals the hurt with a pearl When ever you seo a pearl, you know that there was a wound, and that the wounded little creature found that why of healing itself, and leaving a REMARKABLE REMARKS | tense. effect on the community-—~A Burns, social worker, Young people are deserting the country for two reasons: Monotony and lack of money—diomer Foika, secretary, Néw York Charities Aid ussoctation. n A | plying From clone etudy and observation | ing shment does not diminish crime Tt JOrleans priest. Seldom does the camera owner realize how many inventors contributed their work to make a snap-shot possible! Scheele, Archer, Fry, ‘Maddox, King, Kennett —followed by the scores of men who perfected the celluloid film, open: ing up photography to everybody everywhere. N your home, your office, or factory, your work or your sport — nearly every- thing you use is the com- bined result of many differ- ent inventors and discoverers, Not so your New Improved Gillette ! The New Gillette is the creation of the same group of men who have served the world with Gillette Safety Razors and Blades for nearly twenty years. It brings to you the latest, the finest, results of Gillette experience and factory re- sources. Through the long-estab- lished Gillette Organization, it reaches every nook and corner of the Civilized Globe. Never has any human need owed so much to a single NOTE:—The Gillette ice of Gillette Blades when used in any GENUINE Gi af sal it Gillette. But with IMITATIONS of the genuine Gillette, it cannot take responsibility for service of Blades. GILLETTE SAFETY RAZOR CO., BOSTON, U.S. A, either old-type or New Im; Port Elizabeth Rio de Janciro GROUCHES | ; reminder of it not in a sore or a scar, ANY people labor! but a pearl You can be about as uncomfortable ecomfortabie.| as you try to ba You can imagine that you are not them, and their! understood, industry is com-| you, and that this is Batan’s own Bome people ret x lot of miserable Joomfort out of that re They extract a nuree «a ‘grouch, out of their own soll You can do tt if ple who devote like the sort of wo themselves to the which some people fin task with @ persistence which com-|hay any right to object—except your: | For you know al the time that | silly, but how muoh be has hurt you| that is « mean and contemptible way | ¢ life and its problema, It is way brave people do ft, nor hurt himself far more | the way that helps one forward The art of making one's self mis | 2 if an art much cultivated, but | hurt at all if you a t it. {there is @ finer art of meeting the| . ‘The oyster in not an animal whom |@4y's task with @ smile, and seeing B d I greatly admire. ordens.. From the Congressional Record CONCERNING CLASS LEGISLA- By Igislation the rafironds were | given abeut a billion dollars to make g004 their so-called losses. We ap propriate almagt a billion yearly to |the army and navy for national de And yet when it comes to} [legislation that seeks to bring about Biue laws are hypocritical, cannot | Conditions that will make possible be enforced and have a demoralizing |te farmer coming into bis own. 7.|some begin to hesitate and say that the legislation ix clase legislation. | Representative Stoll (D), 8. C. ASKING FOR BREAD AND RECEIVING A STONE ¢ number of these boys (ap- for vocational training) were asked to take a course in vulcaniz Some of the boys did not want f those condemned to the gallowa, Ito do it am of the opinion that capital pun: | vocational thore boys, Rev. James J. Helenski, New| that course or none.”"—Senater Pom- erene (D.), Ohio. JHURSDAY, JULY 7, 1921. 7 | Borelen? MALTIED = MILK and that nobody loves cNext be { you det a, rome mal milk at a foun- tain you’ propably ind. it’s prt of medita- lancholy joy ry sorrow. u try, and if you Jed watinfaction | in it, no one TION Men's and Young Men's Stylish Suits, Coats, Hats, Shoes, Furnishings ONE PRICE, CASH OR CHARGE 1427 FIFTH AVE, $1.00—CHOICE ROOMS—$1.00 New Dolington Hotel A representative of the board said to some of “You will have to take source as shaving owes to the Gillette Organization. Never was a success more dramatic or more complete. The Gillette has seen three hundred makes of razors flare up—only to flicker out. Ithas seen imitations—and the im- itations harmed nobody but themen who tried to use them, es e s Now the New Improved Gillette brings the era of micrometric pree cision in shaving. Go to your druggist, hardware merchant, jeweler, sporting goods dealer, haberdasher, or men’s department —any one of 250,000 Gillette dealers the world over. Ask to see the New Improved Gillette Safety Razor. 4 It will not take you long to re- alize why men all over the world are discarding their present razors even old-type Gillettes for this new and higher shaving service.