The Seattle Star Newspaper, September 22, 1921, Page 6

torprive Aven. and United Tress Service By mer +8 06 out ef efty, 800 per month in the « Podltehed Dally 2 montha, $1.60) @ montha, 6278) year, Outside of the state, £00 per month, Ry city, bdo & month. of Washington the, OF $9.00 per year, carrier New Plan to Make Bank Deposits Safe Out of Wall st. comes a suggestion that will be read with interest by many persons in this state where the question of Kow to guarantee bank deposits has been a live issue during the current year. The Bache Review, house Btock exchange, makes the proposal. into effect would probably have the result ‘the federal system. organ of J. S. Bache & Co., member of the New York It relates only to national banks, but if put of bringing many more state banks into The Review points out that the federal reserve banks have been making big profits. Tn 1920 these were $151,408,031, or 160.7 per ‘cent on the paid-in capital. Under the law 6 per cent dividends are paid out of these net earnings, the remainder going into & surplus fund until the latte ' capital, and thereafter 10 per 4 @ super-surplus fund. r shall have reached 100 per cent of the total subscribed cent of the net earnings going into what has been desig- Beyond this point these moneys go into the general U. treasury as a franchise tax. “In 1920,” the Bache Review points out, “the federal reserve banks carried $76,- ~ 168,287 to normal surplus, and in addition nine regional banks, wfose normal surplus “accounts had reached 100 per cent of the subscribed capital, carried $6,747,727 to super- $ account. ts stood at $202,036,367, At the opening of 1921 the total surplus of the federal reserve or 101.2 per cent of the banks’ total subscribed capital.” _ Whe editor adds: “The overflow going partly to build up a super-surplus and partly be paid as a franchise tax of deliberation wheth to the government, it may once more become a question er this franchise money could not be better used than to it into a depository—the United States treasury—which has always had some the absorptive qualities of i and since the war.” pamphiet then goes on to that these extra earnings be set aside ass fund for liquidat- ‘the Habilities of failed member whose assets have not fully care of their debts. Says writer: & guarantee fund against fmeidence of disaster would &® most desirable meas- foster sentiment’ of further & in the system, extend- ag to tts outer and accidentally edges. “It would not be a guarantee of deposits as usually understood, but very probably have the ‘effect of jeading all financial . eligible to membership federal reserve system, who met yet joined, io do so.” reads like = sound, com suggestion. The Star has various local bankers for views and has found most of | im accord with the idea 3 of all explanations that been made regarding the re of the failed Scandi- rt bank of Seattle wl the federal reserve system, of it was a member, there has im our mind a feeling st the reserve bank was under a tho not s legal, obligation je the depositors against loss, _ view of the implied endorse ent it bad given that Bank by ads it to the system. And the reserve bank is making at the present rate it could afford to give this protection obi 4 om oF " Mew dance steps will develop « race of wrestlers. subjected to indignities by state troops in the West Vir- mine war. “Boyden™R. Sparkes, Washing- correspondent of the New te Tribune; Miss Mildred Mor- Fis, correspondent on industrial ‘matters for the International a service; Donald A. Craig, | head of the New York Herald's " Washington bureau; Harold - B. " dacobs, staff correspondent in New York of the United Press, were in West Virginia to cover |» the situation for their respective ‘papers. “Hearing firing, evidently at a @istance, they advanced to a point @f vantage to investigate it, Im- “Mediately the vanguards of the striking miners and of the state ” troops began firing at them. A | detachment of the state guard _ advanced, placed them under ar- Pet and interrogated them closely. Sparkes had been wounded twice and Miss Morris had sustained a ‘@ight wound in the hand. They Were taken to a hotel under arrest, subjected to a further inquisition, and aiter subjecting Miss Morris fo indignities, an attempt was made to imprison her in a room @ state guard. “Bho refused te submit and later _ eteaped, made her way to Hunt _ Angton and placed & story on the a rat hole, and has especially exhibited these attributes The least expensive calling cards are a royal flush. Send the kids to Sunday school, for goodness sake, Plumbers’ summer pipe dreams soon will come true. Evidently some of the richest movie stars need a check, wires describing her experiences. “In a wire to the Tribune, which Sparkes succeeded in geting thru without censorship, he makes the positive statement that all news from thas terri- The Four Horsemen ‘The Star wishes that every tn- teltigent citiren of Seattle might i i Hi Hi te ment, but they have at the same time preached the most powerful disarmament sermon that has come to the attention of The Star, For the film to be shown in all parts of the country at this particular time, when the aiten- tien of the world is focussed on the forthcoming conference on the limitation of armaments, is fortunate, The futility and horror of war ‘was never more poignantly illas- trated. The Star hopes the les- son everywhere sinks home, Postmaster General Wil Hays rejected a 340 hat at a Washing- ton hat store and selected one that cost $7.50. Oh, well, Will Hays is not the only American citizen ho looks et @ Packard and buys a Ford these days. bas ee happened in spite of the fact that she bore credentinls from Gen. Women talk more than men be- Cause there are more women. From Treasury of Canadian Verse, BEETHOVEN BY ARTHUR J. STRINGER He wandered down, an Orpheus wilder-souled, From some melodious world of love and song, And thru our earthly vales strange musie rolled. Who heard that alien note could onlg long, As pale Eurydice once longed, to know again The happier ways, the more harmonious alr, Where once they heard that half-remembered strain— Where once their exiled feet were wont to fara A gleam of some strange golden life now gong A #ad4 remembrance of celestial things, Some old-time glory, like the god’, outshone From men’s rapt souls, wherein a memory cfings Of that diviner day, from them withdrawn. For all the dreams that smouldered in man's breast, And all the clearer ways he yearned to reach— The fugitive ideal, the old unrest- Found utterance in song, thet slept in speech. And lke a minstrel in an alien land, Who sings his ative strains while men crowd round And hearken long, but cannot underggand, He sang to us, and thru the unknown sind We caught a passing glimmer of the soul Those foreign runes concealed, and rtrove to glean ¥rom out the uninterpretalie whole Some earthiler harmony. It must have been He heard far off that low urantan strain That only maddens him who vainly hears; For they, the gods, soon saw the god-like pain That mocked a man, and closed his listening ears, Try This on Your Wise Friend The number 125 can be divided into four parts.in such a manner that if you add four to the first, subtract four from the second, multiuly the third by four, and divide the fourth by four, the result will be the same in each case, What are the parts? Answer to yesterday's: First, $20; second, $40; third, $30; fourth, $10. THE SEATTI Injustice of New Bonus Ruling | Editor The Start What ts the matter with the law? When the pec 1 to give the Washington ys a bonus, ty certainly did not mean to reward the duty dodgers and slackers, but to treat everybody alike. T have tn mind how a young man,| born and rained in Seattle, has had to struggle fOr every advancement n the army. He joined the army expecting to go to Mexico, which he did. Before bis term expired we were involved in the world war.| He served as an instructor and re nlisted without coming b to) seo his mother and sisters aAune he aid at the time Uncle Sam needed him, and duty came first.! lie Was sent overseas and served @n two fronts, and, because of in dustrial conditions tn the United | States, he is still with the army This boy entered the army a prt vate with a fifth grade education. 15,000 officers taking the examination only 6,000 passed he among the passing examina tions of old college men falled in, and because of bis excellent work In the army. This ts one cf the b " whom, I expect, will come the new ruling barring men in ser foe prior to the outbreak of war from the bonus, ‘The state of Washington may well be proud of this lad’s record, instead of ruling him out and rewarding slackers. Tie ls now about 25, is a first leutenant and is working to go higher, Me may some day be our president, who knows. Stranger things have happened. Politics and law makers are fast acquiring the reputations the movie have earned in Loe Angele ruption and out honesty and bard Out of the people and Hollywood. ¢ laws rule, not work Yours for justice. MRS. M. 0. A Letter From Avridge Mann To the Mditor: | Dear Sir; Wo've ended ap the fase about the pirate jitney bus, that used to ramble everywhere. to| rob the trolleys of a fare, and now the garline need compete with only shoes and socks and feet, It's fine for him who sits serene and travels in his own machine, and| shouts, “The cam are losing dough, | and #o the jitney has to go?’ But tho he travels near or far, he over rides @ trolley car | But what of us who do not own a| fivver for ourselves alone? Must) only we, whose purse is low, provide! the trofley line with dough, while those who live in better luck, can step aside and pay thebuck? } Whatever I may have to take, I like to have an even break, and I would never cast @ vote to make & single class the goat to bear a burden, great or small, that right-| fully belongs to all. Nor do I think ft such @ ertme to ride an auto for a dime, and if they take my bus away, to make! the elty card y, then all the! citigens there should walk, or ride a trolley car, | AVRIDGE MANN. ny Would Require Permits for Women Editor The Star: I read your editorial Saturday evening paper. As you may, It reste with the employers and can be solved by them and the city council My suggestion ks this That every married woman working must have @ permit from the city, In ali the department stores, of ficea, factories are married women working whose husbands are get Ung sufficient income to keep them, at home. What do they do with the money ahe earns? It is spent in| having @ good time. They ride to work in their automobiles, entertain and boast about how much it costs them to live. ‘There are many men working for “Jobs” In| | Seatile today, | the city whose wives are also work: | ing and one of these fellows I know i» getting two bundred @ month— and « soft job. | These women should not be ai lowed to hold jobs at this time, when our ex rervice men and their families are going hungry,. There are thou sands of marr women wotking who do not need to | If The Star would call on the bust-| nese leaders and employers to oust all the married women and the city fwwue permits to married women who really have to work it would be go-| ing @ long way towards solving the! unemployed situation that exists tn/ 7 ABH Lake Burien. Gambling Runs Openly, He Says Editor The Star: Why is !t that gambling ts going on so openly in Seattle? I ha been @ resident of this city for over 16 years but never went around the socalled “skid road” until other day. I was surprined at the ease with which I got lute the dens down thera The men on the streets (lockouts, | T afterwards found they ware called) came right up to me and told me where to go to play. I found places *| buy ro |where you oan play any kind of games known, I found you can any kind ef boore or dope almost openly with but litle trou bie. Whenever the police are to make @ raid, a Jap boy tn a Ford delivery [auto goes past all the pi with his kiaxon sounding as as he an I enclose a couple of the souve- pirs I got down thera SUBSCRIBER. ‘{and many are the tributary Saving the Destitute From Suffering Editor The Star: jthose who cannot leave. Suffering The best way to have suffering unt starvation have already con. and poverty eliminated in our grand | quered many homes in this grand city and state t to give the employes |state of plenty, while poverty is & fair chance to work. In this state/ready to enter doxena The sick there are vast_resources to be devel |and poor should be cared for; the oped and thousands of honest and | welfare leagues shouk! hunt them up good workers are looking for a/and not wait until they are forced chance, and it now depends upon the /to knock at the door and beg for chiefs what they are gotmg to do |charity. about ft Some rich people have a habit of If the city officers want Serttle burning all remnanta, to destroy to develop and advance, labor must | whatsoever they cannot use at the do it, and If the woods, coal mines, |present. Why not give the old sult fisheries, ete, are to be operated, to the poor? labor must get a chance to do so. The need in Rusa and other Euro ‘Thousands have left our city and | pean countries is great, but let us not Coast seeking work, and thousands | forget and overlook those who are will go to other places where labor |nearer to our hearta, the needy % scarce; thls means stagnation to| families, the poor children and the city and Coast, and poverty to| women of Seattia B. O. CLAUSEN, THE MEN WHO FAIL BY DR. WILLIAM FE, BARTON T A commercial men's dinner which I attend ed a few days aco & man prominent in the business world and an authori ty of some note, sald: “Out of every hundred —_ust- ness men in America, 98 fail.” I have heard that statement be fore, and I wonder if It is true. He hag means of more accurate know! edge than 1, and yet 1 am disposed | \/\¥¥s G deca to doubt if the proportion ts as large | °* gure as that I should be inclined tof, te — eB preset failure tl think that the proportion of suc |” oo bee tp itens tae ‘ciehen'an bere adryiy ihginteaae | try again, no one has a right to call And yet, the way te straight and! nin a taiiure, the gate is narrow that leads to suc-| tp y t cess anywhere, and few there be TP Hg Have tated, get ua Bad Hey who find it, For wide is the way | . eee fails as an editor makes a success as & stock broker, In this land the opportunfties are 80 free, and the spirit of generosity in business ie so broad, that few men | fail permanently if they have char acter, health and industry, All of us have failed at something and no one of us ts anything like the Success be ought to be. Success {n America 1# almost too easy, We should be stronger men if we had to toll more earnestly for our suc. | cosn, You have tried something and havo failed? Phillips Brooks was a flat failure as a school teacher, and Ulysses nt was No great success AL oo paths | that lead to failure, | But this, I think, ts troe, that no- where near 98 per cent of American men fall permanently, The man who falls as @ lnwyer makes a success as & real estate agent. The man who | falls a a preacher goes into life in- | surance and DO YOU THINK OF MILK AS MERELY MILK? or do you realize there 1S a difference? You cannot be too careful about the milk you use. And, if it's of high standard, there isn’t any better food on earth, Our complete “Perfect Serv: gives you the in Nature's food. Milk ultimate Pure Milk Dairy Your grocer will deliver, or phone as— Capitol 224 Let Us Talk Jobs and Forget Unemployment Editor The Star: Your editorials and letters on JOBS are a step in the right directign. “JOB” is an , word; it’s constructive and leads the mind onward and upward. A JOB is a man’s heSt friend. There is no fun like work—it’s the ROYAL ROAD to wealth. It occurs to me that the word “UN-employment” has become synonymous with “despair” in the hearts of the millions of decent fefows who leave their dear ones behind in the quest of a job—often being looked upon as a hobo, after being driven from pillar to post in these times of test and trials. Star! You are doing the community a greater service than any other force for good in Seattle when you, on your front page, loudly speak the one word that suggests to the better class of people happiness, prosperity and a hope that thrills the soul—JOB! There is altogether too much talk of “UN-employ- ment” and far too little talk of “EMPLOYMENT”; let us THINK, TALK, CREATE EMPLOYMENT! Yours for a happy citizenry, M. G, JOHANSON, Manager, The “Millionair” Club, 98 Main St. Disagrees With Runkle’s Views _ BAitor The Star: ) Servants, After having read a contribution As long as my memory goes back by Mr. Runkle in your paper stt-|we have been fighting for direct ting forth the need of a new form| election of officials, from the pres- of city government I am greatly | idency and the United States sena reminded of that old adage “A poor! torship down, so I do not think workman complains of his tools.”|the people of Seattle would wish The sum total of Mr. Runkle'e7to delegate the election of the change from the present «ystem| mayor or manager to others. Look would be practically for the people|at the skullduggery that could be to give the councilman’s salaries to | practiced. the mayor or manager in addition) In the seventh of Mr. Runkle’s to his own and to remunerate the| suggestions is something that 1s) council for thelr labors by permit-| truly worth consideration: “Let him! Ung them to elect the mayor or/(the mayor or manager) make ap-{ manager. This, I will admit, would) pointments as he sees fit, but hold greauly simplify the purchase of the| him responsible,” etc, mayor's office should we get a cor-| I suppose that part of our elty rupt council. The people of Amer-| charter requiring our legislative ica, however, have found out that) body to confirm the mayor's ap- | may be practical in national affairs, it is worse than rotten in municipal affairs We elect our executive to execute the legisiation of the legim lative body and he should be sov- erelen over his department when & department head under him found to be incompetent and the people clamored for the incom petent’s removal the executive could not spring that old bromide, “Show me five votes in the coum was Outside of thin one tnatance I com elder we have the means of relief at nd if we but use them. The trouble with us i that we are lazy and indifferent. We do not inform ourselves, My theory jis old, but it i» about the only |way one can keep in touch with jelvie affairs, Community clubs should be formed in every ne! borhood, everybody should be » mem. ber and every member should be [on a committer to do something oF investigate something and if at any | | time interest begins to wane, stast something. Our public officials’ acts are always open to investigation be cause they are paid from the public purse. Would » private employer only interest himself in his employe every two or three years, when be emloyed him? Find out why | pointed city engineer or Jones wae |appointed strect commissioner. Find out what organizations indorsed [him if he was indorsed to the mayor, and find out if that tndorse ment had weight as to his effe ciency and fitgess for the position or merely showed the mayor his political strength, With the pos sible exception of an engineer's or ganization indorsement for a tech- nical position ang a few others, most indorsements are for “special services” to be expected. All of this information should be public and we have nro right to expect the newspapers to give it all to us. We are too prone to expect others to do our civic duty for us. ™ ‘When the different things are learned of Mr. “Public Official's” acts, chalk them down t6 bis credit or discredit, then we will have — something to formulate an opinion © on ‘when he comes out and wants to be “Our humble servant again.* — | civicly thone serving thelr country for a| pointments is taken from our na- dollar © Year were pretty expenstve| tional constitution, and while it lubricatioN <4 ZEROLEN STANDARD OIL COMPANY (CALIFORNIA) w) ws Xe) ae Keer ~ ‘a ay - Let's whet up our old tools, 8. Be SLAUGHTER.