The Monmouth herald., October 05, 1923, Image 2

7
THE MONMOUTH HERALD, MONMOUTH, OREGON FRIDAY, OCTOBER 5, 1923
CHURCHES MAKE
RECORD GROWTH
Federal Council Reports Increase
of 1,220,428 Members in
U. S. in Year.
W ashington.—A m erica a p p a re n tly la
grow ing m ore religioua. F igure* now
m ade public by D r. E. O. W atson,
s ta tis tic ia n o f th e F ed eral Council of
C hurches, show th a t th e relig io u s
bodies in th e U nited S ta te s m ade th e ir
g re a te st grow th d u rin g la s t year. T h e
In crease is 1,220,428 m e v b e rs o v e r th e
p rev io u s year.
T h e p re se n t m em bership o f all re ­
ligious bodies according to th e la te st
a iu lla b le figure* Is 47,401,558. T h is
in crease is ap p ro x im ately 50 p e r cent
g re a te r th a n th e av erag e fo r th e p re ­
ceding five years. T h e re w as a gain
of 9,501 co n g reg atio n s an d 15,252 m in­
ister*. T h e to ta l n u m b er o f co n g re g a ­
tio n s Is now 243,590. T hey a re led by
214,583 m inisters.
A ccording to th ese figures, church
re p re se n ta tiv e s p o in t out th a t each
day In 1922 an averuge o f 3,345 p e r­
sons joined th e v ario u s relig io u s bod­
ies ; 42 m in iste rs w ere o rd a in e d or
1 c e n s e d ; and 20 co n g reg atio n s w ere
organized.
T h e sh o rta g e In clergy Is n o t as
g re a t as th e fuct th a t th e re a re 29,007
m ore co n g reg atio n s th a n m in iste rs
w ould Indicate. M any p a sto rs, esp e­
cially In ru ra l d is tric ts , h av e c h a rg e
o f tw o o r m ore con g reg atio n s. B e­
sides, a nu m b er of m issions a n d ru ra l
c h u rch es a re served by laym en. T h is
a c tiv ity nn th e p a rt of laym en la one
o f th e significant fe a tu re s o f th e y ear.
R om an C atholic M em bership.
O w ing to d ifferen t m ethod* a d o p ted
bv th e v ario u s bodies In co m puting
th e ir m em bership It Is h a rd to m ake
com parisons.
T h e llo m n n C ath o lic
c h u rch show s a m em bersh ip o f 18,-
104.804 persons. Its figures re p re se n t
e tim a te d ch u rch p o p ulatio n und In­
clu d e ull b ap tized persons. E vangel
leal P ro te sta n t ch u rc h e s show a mem-
I i h ip
"f
27 , l'i I.''S o
T hey
H M l
co m m unicant* only.
T h e th irty bodies re la te d to tb e Fed
e ra l C ouncil of C hurclip* re p o rt a to ta l
m em b ersh ip o f 20,722,142 persons.
T h ey
h av e
149,4110 co n g reg atio n s,
S erved by 119,077 m inisters.
T lielr
g.,ln In m em bership over Inst y e a r la
('.9,261.
T lielr to ta l co n stitu e n c y Is
SOW 50,081,718 per-ons
T h e to tn l religious co n stitu e n c y of
tl e co u n try is placed at 98,878,307 p e r­
sons. C hurch nftlrlal* define c o n stitu ­
ency to m ean all baptized persona, all
a d h e re n ts, and all th o se w ho In th e
su p re m e test of life or d eath , tu rn to
com m union.
C hurch Bodies C om pared.
W hen th e figures of th e v a rio u s
c h u rr e s a re placed on a co m p aru b le
b a sis th ro u g h m ethods ag reed upon \>y
c h u rch a n d g overnm ent officials, tin
«■ n stltu e n ry o f tb e g reat bodies la re ­
p o rte d a s fo llo w s:
l 'r o t e e t a n t
n .1 1 l,4 ll
I t unan C a th o lic .................................M.U 4 .SIM
J ' ••
----------------------- - ................... ........... l . W . O t e j
TXTTtr Day 'BaTFTs (H orm oirlJ.T rr.
wl.JII
gain 2.322; C h ristia n C hurch (G eneral
C o n v en tio n ), 94,153, loss
4S4.0&4 C h ristia n
T h e Jew ish figures a re th e sam e a s 2,931; C hurch o f th e N azaren e, 47,942,
u sed last y ear. T h ey a re com puted on (n o g ain In d ic a te d ) : S w edeoborgian
a d ifferen t b asis from tb e v ario u s bodies, 7,068, g a in 776.
C h ristia n bodies b e c a u se o f th e ir g re a t
O th sra M ake Gains.
v a ria tio n in m eth o d s o f c o u n tin g m em ­
C o n g reg atio n al ch u rch es, 838,271,
b ership. T h e Je w ish a u th o r itie s e sti­ gain 19,046; D iscip les o f C h rist, 1,218,-
m a te th e Je w ish p o p u la tio n o f th e 849, gain 8,826; E a ste rn O rth o d o x
U n ited S ta te s a t m o re th a n 3,300,000. ch u rch es, 456,004, gain 50.000; E van­
T ho u g h som e o f th e la rg e r bodies gelical ch u rch (m e rg e r of E v an g elical
h a v e n o t re p o rte d on th e ir ex p e n d i­ a sso ciatio n a n d U n ited E v an g elical
ture*, th e figures a lre a d y In b a n d show c h u rc h ), 259.417, g a in 9,321; E v an g el­
th a t th e c h u rc h e s raised $16.628.S94 ical Synod o f N o rth A m erica, 317,988.
m o re th a n la st y ea r. T h e to tu l re­ gain 43,126; E v an g elical a sso ciatio n s,
p o rte d to d a te la $505,0(2,978.
15,708, g ain 188; F rie n d s, 106.548, gain
T h e g re a t In crease in m em b ersh ip is 930; L a tte r D ay S a in ts (M o rm o n ),
due larg ely to th e g a in s of th e H om an 004,062. g ain 16,104; L u th e ra n s, 2,515,-
C ath o lic ch u rch , w hich sh o w s a n in­ 662. g ain 49,017.
c re a s e of 219,158; th e M eth o d ist E p is­
M ennonite bodies, 91,603, g ain 321;
copal church, 122,975; th e S o u th ern M eth o d ist Eptm
i-r:<,586.
B a p tist C onvention, 97,11«, a n d th e gain 122.975; M ethodist E piscopal
N atio n al B a p tist C onv en tio n (n e g ro ), ch u rch , South, 2,405,257, g ain 80,190;
74,750. T h e H om an C ath o lic figures M ethodist P ro te s ta n t ch u rch , 186,275,
In d ic a te a d ecrease in th e r a te o f gain gain 8,000; o th e r w h ite M ethodist
us com pared w ith th e a n n u a l a v e ra g e | bodies, 85,279, g ain 109; A frican M eth­
fo r th e p reced in g five year*, w h ich w as o dist E p isco p al ch u rch (co lo red ), 581,-
432,7««.
! 76«; A frican M eth o d ist E p isco p al Zion
M ethodist* L ead in T o ta l.
! c h u rch (c o lo re d ), 412.328; C olored
T h e M ethodist c h u rc h e s h a v e th e M ethodist E piscopal ch u rch In A m er­
la rg e st c o n stitu en cy In th e co u n try , ica. 368,315; M o rav ian bodies, 32,820,
th e ir figures show ing 23.253.854 p e r­ gain 597.
sons. T h e b a p tis ts form th e second
P re s b y te ria n C hurch U n ited S ta te s
la rg e st group an d a re p re s sin g th e of A m erica (N o rth ), 1,722,254, gain
M eth o d ists closely w ith a co n stitu e n c y 34,807; P re s b y te ria n C hurch U n ited
o f 22,889,098 p erso n s. T h e R om an S ta te s (S o u th ), 411,854, g ain 14,798;
C a th o lics a re th ird w ith 18,104,804 p e r­ o th e r P re s b y te ria n bodies, 268,284, gain
son*. T h e L u th e ra u s m a k e u p th e 3.120; P ro te s ta n t E p isco p al church,
fo u rth body w ith 7,043,851 c o n stitu ­ | 1,118,396,
g a in
36,818;
R efo rm ed
ency, a n d th e P re s b y te ria n s a re fifth ! bodies, 525,161, g ain 14,256; R om an
w ith 8,728,898 c o n stitu e n c y .
I C ath o lic ch u rch , 18,104,804, gain 219,-
P ro b ab ly th e m ost re m a rk a b le gain 158; S a lv atio n A rm y, 52,291, gain
o f tb e y e a r la th a t o f th e E a ste rn 6.242; U n ita ria n s. 108,580. gHln 4.624;
O rthodox ch u rch es, w hich show a 10 [ U n ited B re th re n bodies, 390,472, gain
p e r cen t Increase, Jum p in g from 411,- 7,143; U n lv e rsa lists, 58,566.
054 to 456,054 m em ber*. T ills is a p ­
p a re n tly due to th e fa c t th a t th e G reek
O rthodox ch u rch la m ore effectively
o rg an ized and la re a c h in g th e G reek
Im m igrant* In A m erica.
T h e M ethodist P ro te s ta n t C hurch
tu n ie d a loss d u rin g th e p reced in g five
y e a rs Into an in c re a se o f 8,000 m em ­
b ers
W hile th e D iscip les o f C hrlat
By SA M U EL H. BEACH,
an d th e C o n g reg atio n al c h u rc h e s both
h ad a re d u c tio n In th e n u m b e r of con­ P re s id e n t, S a v in g s Bank D ivision,
g reg atio n s, th e y g ain ed resp ectiv ely
A m erican B a n k e rs A ssociation.
8,820 an d 19,04« m em bers.
A lth o u g h th e U n ite d S ta te s Is today
T b e E p isco p alian s d o ubled th e ir In­ u p o n a solid gold b a sis, we n e v e rth e ­
c re a se o f th e p reced in g yeur, m ak in g a le s s know of o u r ow n kno w led g e w hat
gain of 38,818. T h e U n ita ria n s show
__ in flatio n m ean s. It
a gain o f 4,824, w hich la no t q u ite 4
w ould ta k e long to
p e r cent. T h is b rin g s th e ir to ta l m em ­
re c a ll In d e ta il th e
b e rsh ip to 108,580.
b itte r
e x p e rie n c e s
T h e C h ristia n S c iu ic e C h u rch r e ­
w hich th is n a tio n
p o rts 1,799 c o n g re g a tio n s an d 3,598
su ffered d u rin g th e
re a d e rs, but gives no figures as to
Civil W a r an d th e
m em bership. T h e s ta tis tic s o f th e Ad­
y e a rs w hich follow ­
v e n tist bodies In d ic a te a loss o f 2,567
ed It, and In o ur
m em bers, th e ir p re s e n t m em b ersh ip
p re s e n t e a sy co n d i­
tio n we m ig h t th in k
being 133,808, a g a in st 136,233 re p o rte d
su ch c o n d i t i o n s
S. H. B each
la s t y ear.
T h e L a tte r D ay S aint»
could n e v e r ag a in
(M orm ons) show a co n stitu e n c y gain
a rise . B u t w ith su ch m en a s H en ry
o f 16.164
T h e last a ra llu b le figures re g a rd in g F ord a n d T h o m aa A. E dison ta lk in g
m em b ersh ip o f th e la rg e r c h u rc h e s and a b o u t co m m o d ity m oney th e r e U no
th e ir gaina o r losses d u rin g th e y e a r fo re te llin g w h a t m ay h ap p en .
O ne of th e p la in e st le sso n s ta u g h t by
a re :
N o rth e rn B a p tist C onvention, 1,274,- fin an cial h is to ry Is th a t w h e n e v e r a
n a tio n lasuea p a p e r m oney w ith n o th ­
250, g ain 13.843; S o u th e rn B a p tist
C onvention. 8,374,165, gain 97,110; in g back of !L th a t n a tio n Is on thp
N atio n a l B a p tist C onvention (c o lo re d ), ro a d to d is a ste r. Look a t R u ssia w ith
3,253,733, gain 74,070; o th e r B u p tlst Its w o rth le ss ru b le s and G erm an y
bodies, 265,387. loss 655; B rtK hren 1 w ith Its w o rth le ss m a rk s. T h in k of
(G erm an B a p tist H u n k e rs), 138,432,
w h a t h ap p e n e d In F ra n c e d u rin g th e
E astern
O rthodox
(G reek
and
R u a a ia n ) ....................................................
KEEP AMERICA'S
! WAMPUM SOUND!
«M C I
RICHARD LLOYD JONES
SAYS
f i l l , p v ra a
uL i
ân
Watch the Weight You Carry
B unk and ju n k a re th e tw o g re a t Im pedim ents to progress. I t la a s
im p o rta n t to know how to gc4 rid of tu lr.g s a« to get th in g s. In ru n
nlng a i a re be lias th e ad v a n ta g e w ho c a rr ie s tb e least load. W e accu m u ­
la te thing« th a t we th in k u re esse n tia l to o u r conv en ien ce a n d c o m fo rt
only to find iu th e course of tim e th a t they encum ber.
S y |\Ic u ltu ria ta tell us th a t it helps r a th e r th a u harm » a tr e e to orca-
aionully root up an d rep la n t It In Its e a rly y ea rs. T h e ro o ts tiecom e
tra in e d to co n cen trate. C o n c e n tra tio n 1* th e first e ss e n tia l step to su c­
cess. H e w ho d issip ates h is po w ers Is on th e aiire ro ad to dlsa;>polnt-
Bient. ,
T he cap ta in who p erm its th e h u ll of h is sh ip to becom e b a rn a c le
C o a t e d may o rd e r Just a s m uch [lower In h is engine-room as th e sh ip
Whose hull Is fre e and clean, but he tits» n o t m ake a s m uch speed.
lbv-im ir 1* tli*1 rew ard of every a tte m p t to c a rry tog heavy a load.
T h e beauty of life is found n o t Iu alm n d a n c e o f th in g s we possess, b u t
In th e W orth id things we hold to— th e w o rth they re p re se n t to us la
• n r living.
We an- prone to go th ro u g h life wi t h a n unconscious a ccu m u latio n
c f b.
les, d rag g in g a w o rth le ss w eight th ro u g h th e w a te rs we should
t*' e . e r to tra v e rse w ith speed th a t we m ay know th e w orld a n d be
• f use in It.
T he w i l l deternilm w o u r p ro g re ss; freedom an d slav ery a re both a e ta
«if tl. " i l l
lie 1« fret* who lives strip p ed o f th e b a rn a e le s o f I n e r tia ;
lie I ' a slave w ho fulls In to th a t w hich he w ould avoid.
Wi .* men get rltl of all Im pedim ent*. T he t h o u g h t l e s s an d th e fo o lish
*p. nd m uch g<»sl energy In a cq u irin g th in g s they soon w ish they w e re
ri<l of,
T b.it w hich Is tr u e o f thing* 1« also tr u e o f th o u g h ts. You ab u se
f a t h e r th a n use your y ea rs w hen you c a rry aro u n d a load o f a m ie n t
p rin t i| !es which, th ro u g h th e w ear of tim e, h a v e been w o rn to m ere
p reji.d cs
It Is only th e fre e m ind lik e th e fre e h u ll th a t cau hope
to k « ; 1 p ace w ith progreaa.
,
jj j
"T
Cap?right tU k; RkharJ U«y4 Jamm
J
**>
«
N r s . H o n sr u n fs
T h is n s w s p a fs r to 'll
fn b tssh " H t l t f u l H in ts IS l i u fo rm at r t f
mjmr im s sn o ls
W s snogsst yon clip th is
to ln m n a n j fa s ts it in yanr r s c ifs both.
S qu aaain g F ru it— If on« will w arm
a lem on b efo re squeezing it, a b o u t
tw ice a s m u ch ju ice will be bad.
•
#
*
Fl annel s— N ever rub to a p on fian-
nele— it will e h n n k th en .
Instead,
w ash th e m in a soap jelly, an d use
even th a t gently. Do not iron wet
----o r w ith a v ery hot iron.
e e e
S taine o n Z in c— V in e g a r will re ­
m ove etaine from th e zinc to p s of
k itch en tables.
e e e
W a sh in g
W in d ow s —
A
little
e ta rc h p u t in t h e c l e a r w a r m w ater
w i t h w h i c h y o u w a s h w i n d o w s w ill
m ake t h e m c l e a r e r
W h e n d ry, r u b
a n d p o lish w ith a c l o t h .
s a s
A
ri
T h e re a re v a rio u s
w a y s o f »topping nose I lords, but
«>m* o f t 1 * iu«"t com m on and cffi'c-
llv e is th is.
I’ut a roll o f pn;*T
u n d e r tin* npi-er lip— betw een tb e
lip ai>l gum . If th is full« apply cold
n t th e back of th e neck. A key c r
c lo th w ru n g o n t In cold w a te r is
good.
s e e
N o se B lred s.
C u t F lo w ers m ay b e kept a lo n g
w hile if a piece of g reen cam p h o r is
p u t in th e vase of w ater.
s
s
•
Iceing m ay be p re v e n te d f i om
ru n n in g if th e c a k e is hrs! lightly
d u sted vi-.h c o rn starch
T h e le a f la responsive to each p asaln ’
breeze, am i th e m ission of leaves la to
h a n g on th e tr e e s ; th e y 're g racefu l to
lo o k at. anti th a t's s t o u t all e x c e p tin '
th e litte r they m ake a* they fall. A nd—
Som ehow o r o th e r—th e re 's people we m eet,
w h o s h ift In th e ir reelin'* like l e a v e s a t
o u r feet. . . .
I w lsh t »on w ould show m e a m an w ho
encoew ls. hy tr y lu ' to twlleve all th e hog-
w ash h e read*
. . or. (Inti me a guy,
w u th a ra p to th e sta te , th a t's alw ay s
a-n ib b lin ' a t p o p u lar bait. . .
B ut we
le a n nn th e fe lle r th a t * afandtn alnneg
p rith a fo u r w)uar* dependable m tud of hi*
(v n '
T can't h elp a d m irin ' th a t “a n rle u t of
d a y s ’’—th a t old tim e co m m u ter th a t'« sot
In h la w ay s . . . th a t a in 't a w hip ta w in '
w ith ovary w ild scheme. an d d o n 't pin hta
f a i th to no w ttch-rM A ao dream
Tf we
m r m i r e th e h n m a n hy w h a t he achieve«,
fbove'a som e th a t'« as hapless, an ' fru lt-
lc«e a s le a v e s !
FL-e.
M
*
.
***** «e* v
f
\
NV \
If by chan, t* your
have t.i't h t fire ret o M ' i r n
to
ru n . a* : ¿t w 111 fa n t'.: •• ' n
.!i.l
nia.-o th e m w o t'o . I ., i|. n
Ho. T atnl roll it[> a* lit
a.«
elid e In a «bawl. ru e . •
woolen
rio t h in t, leaving th e h id nf. If
n o th in g 1* a v a lla i ;,' lie il.ovn on th e
floor, ro llin g over «ioni, and a t th e
sa m e tim e («ruling th e flam es w ith
th e h an d s.
Hair —I f th e cr.d* >»f t ’ ’ a tr a re
rM[>|*ed w ith a *!n ,ir« oner* e v ery
th r e e o r fo u r m onth». It Mill help
th e g ro w th o f tl»e h a ir am i p re v e n t
Its sp littin g .
• a •
R ou gh Hand* If y o iit h i
e
becom e ro u g h o r chai»t««l try ’ t*
fo r a rem edy. Thrv— onne*« v* «
w in e v in eg ar, th re e nun*«*« *
.n
jn lre an d a h a lf a pin t **i v htfe
b ran d y . Thi* tun-l iw.* e,...u*u v u l
ro u n d ) tb e trouble.
y e a rs Im m edlaU t'y follow ing o u r R evo­
lu tio n a ry W ar.
T h e com m on people of F ra n c e rose
la th e ir m ight, to re dow n th e B astlle,
and m ad e re p ris a l fo r c e n tu rie s of
k in g ly crim e and o p p ressio n .
T he
p ro flig ate co u rt had piled up tax es un­
til th ey w ere u n b e a ra b le .
Tbe en­
rag ed populace k illed K ing L ouis XVI.
an d also h is q ueen. M arie A n to in ette.
B ut they only th re w th em selv es out
of th e frying pan in to the fire so far
a s finances w ere co n cern ed
H. W . MORLAN
NEW
Notary Public
B lank D eeds. Mortgage«, Ete.
BIG PACKAGE
B. F. Swope
C. A. Swope
L a w y e rs
210 Oregon Building
OREGON
A sso c ia te d — Thomas Brown
SALEM
DR. F. R. B O W E R SO X
PHYSICIAN O SURGEON
U n s o u n d M o n e y T y ra n n y
A t th e very w o rst p o in t of th e ir c u r­
re n cy Inflation th ey found th em selv es
u n d e r th e a b so lu te d o m ination of
R o b esp ierre.
In o rd e r to m eet the
gro w in g sc a rc ity of coin, p ap er m oney
called a s s ig n a ts w ere Issued.
F irst
400.000. 000 fra n c s w o rth , th e n 800,000,-
000 w ere added w ith the d is tin c t un­
d e rs ta n d in g
th a t th e 1,200,000.000
would be th e full e x te n t of th e issue
T h is pledge w as soon b ro k en an d fu r­
th e r Issues b ro u g h t th e to ta l up to
3.700.000. 000 fran cs.
F rig h tfu l d e p re c ia tio n w as th e In­
e v ita b le r e s u lt; and le g islatio n w as
p assed m ak in g it a crim e, w ith six
y e a rs ' Im p riso n m en t a s th e p en alty . If
any one should re fu se to ta k e tb e pa­ i-
p er a ss ig n a ts a t th e ir face value. J u s t
th in k of it! A F re n c h p e a sa n t a fte r
w orking th e e n tire y e a r to produce a
crop w as com pelled by law to ac c e p t
p a y m e n t fo r th a t cro p In p a p e r m on­
ey, w hich he k new to be w o rth le ss, or
to prison.
J t w as sim p ly leg alized robbery.
W hen th e p e n a lty w as In c re a se d to
tw e n ty y e a rs Im p riso n m e n t th e Inevi­
ta b le clim ax cam e. T h e R eign of T e r­
ro r w as at its h e ig h t
R o b e sp ie rre
w as in su p re m e pow er. H e su g g e ste d
th a t m ore a ss ig n a t* be Issued an d if
th e people did n o t ta k e th e m th e g u il­
lo tin e should be th e p en alty .
R o b e sp ie rre ’s End
T h is u n h e a rd of o u tra g e w as m o re
th a n th e people could sta n d . An un­
know n m an a ro s e on th e floor of th e
co n v en tio n an d d en o u n ced R o b es­
p ie rre . re c itin g th e h ein o u s c rim e s he
h ad co m m itted , and so w orked upon
th e feelin g s of th e a u d ie n c e th a t
R o b esp ierre, t h e
ty r a n t, becam e
R o b esp ierre, th e co n v icted crim in al.
T w o d ay s la te r be w as led to th e g u il­
lotine. F ra n c e had le a rn e d h e r fin an ­
cial lesson w ell— t h a t m oney m u st
h av e valu e back of it.
T h e fallacy of u n so u n d m oney Is
su re to c o n fro n t us ag ain . N e v e r Is
th e r e enough of e v e ry th in g fo r a ll th e
people. T h e s tru g g le fo r e x is te n c e is
a re a l s tru g g le , a n d th o se w ho find
th e m se lv e s in th e lo w er s t r a ta o f h u ­
m an so ciety a re re a d y a t a n y tim e to
g ra s p a t fiat m oney o r any of th e o th ­
e r th in g s w hich m isg u id ed p o litic ia n s
hold o u t to them .
My w hole p u rp o se Is to d riv e hom e
th e fa c t th a t d a n g e r lies ah e a d and to
u rg e e v ery on e to le t no o p p o rtu n ity
go by to u se voice and Influence to­
w ard k eep in g th e w am pum of th e s e
U nited S ta te s , as It is to d ay , th e
so u n d e st c u rre n c y in th e world.
SOME BANK SALARIES
In v e s tig a tio n s m ad e by th e M issouri
H an k ers A sso ciatio n hav e re v e a le d
th a t 368 b a n k s In th e s ta te In tow ns
of u n d e r 2,000 p o p u latio n a re paying
th e ir c a s h ie rs and c h ie f ex e c u tiv e s an
a v e ra g e of o n ly {110 a m o n th . O nly
273 of th e 1,162 re p o rtin g b a n k s in
tow ns u n d e r 6,000 p o p u latio n pay th e
p re s id e n t a sa la ry . T h e re p o rt s a y i:
" I t In d ic a te s th a t, even allow ing for
the econom y of liv in g in sm all com
m u n itle s, th e c a s h ie rs and m an ag in g
officers of th o s e 1,162 b an k s, who re ­
ceive a n a v e ra g e of 1140 p er m o n th ,
e ith e r m u s t h a v e p e rs o n a l m e a n s to
begin w ith, o r m u s t m a in ta in the
s ta n d a rd s n e c e ss a ry to th e ir p o sitio n s
as th e le a d e rs of th e ir c o m m u n itie s and
th e b u ild e rs of th e co m m o n w ea lth by
m ean s of 's id e lin es,' su ch a* sellin g
In su ra n c e , c o lle c tin g co m m issio n s on
farm lo an s, and tra d in g In real e s ta te ."
THE PERIL OF
EDISON-FORD'S
MONET SCHEME
Would Create More Paper Money
Than Russia’s Trillions But
Add No Real Wealth.
SOME DANGEROUS FALLACIES
W ould R em ove Safe R e a tra in t of Gold
B a t.a and O pen W ay to E n d less
Issue* of P a p e r Money.
H ow th e U n ited S ta te s w ould be
sw a m p e d , u n d e r a g r e a te r volum e of
w o rth ie s* p a p e r m o n e y th a n ha*
ru in e d G e rm a n y an d Rurwia. by th e
E d iso n -F o rd co m m o d ity c u rre n c y plan
Is p o in te d o u t In th e p re s e n t a rtic le . |
c o n c lu d in g th e review *, p re p a re d by j
th e A m e ric a n B an k er* A » o e la tio n .
of th e re c e n t ex p o su re of th e folly of
th e w h o le sch em e by W illiam T. F o s­
te r. D ire c to r of th e P o llack F o u n d a ­
tion f w E conom ic R e se a rc h
Mr
F o s te r »ays
" 'T h e supply of m o n ey .' sa y s Mr. j
F P rd . Ms In a d e q u a te
T h e re la m ore
w e a lth th a n th e r e 1s m oney to m ove
«• • H e d ra w s • vivid p ic tu re of th e |
PH O N E NOS.
3363
O F F IC E
HOU SE
S iti
B. F . B U TLER
D e n tis t
P ost o ffice bldg.
W ood S a w in g
M onm outh
O reg o n
per cord
Hard wood, twice cut,
90c Monmouth &. In d ep en d en ce AutoBus
*' 3 times in two $1.15
TIME SCHEDULE
Train leaves
Fir. twice in two80c: 3 cuts$1.00 B us leav e s
Train
Independence
M onm outh
S eth Sm ith , Phone 3 2 0 5 7.10 A . M. To Portland
7.38
.
BUILDING TILE
Made in Monmouth
make the best and most
economical building mater­
ial you can buy. In long
wear and low cost of upkeep
there is nothing that will
compare with tile or brick.
The appearance of such a
house is always attractive
and it holds its selling value
better than a frame house.
To Portland
To Corvelli*
To Corvallis
To Portland
To Corvallis
To Portland
To Corvallis
Raymond E. Derby, Phone 1504
9.45
«.<.45
11.50
2.40
2.40
5.10
6.45
A.
A.
A.
P.
P.
P.
P.
F uneral D irector and L icen sed
E m balm er
Calls Promptly Answered Day
or Night.
Prices Reasonable
phones
|l
=
9821
AND
9822
Independence, O re.
Central Clay Products Co.
-.^ =
Prop.
A. L. KEENEY
Ask us about them.
-
10.03
10.25
12.13
3.12
3.33
5.38
7.15
Efficient Service Courteous T reat­
ment
Drain Tile in all Sizes.
b fr '
M.
M.
M.
M.
M.
M.
M.
^
*
■ ~ f=
=
Good to be Sure
Better to be Insured
Be£t to be insured in the
H A R T F O R D
F ire In surance C om pany
A ccid en t and In d em n ity C om pany
Chambers & Powell
A g en ts
m
golden dam to th e stre a m of p ro s­
p e rity .'
F rom a h u n d re d q u a rte r*
com es th e d em an d fo r the g o v ern ­
m e n t to speed up th e p rin tin g p resses.
In o rd e r to cru sh ‘th e m oney m onopo­
ly,' re d u ce In te re s t ra te s , and m ak e
It e a s ie r fo r ev ery b o d y to get m oney.
"In flatin g th e c u rre n c y , how ever,
th o u g h It e n a b le s people to get m ore
u n its of c u rre n c y , does not en a b le
th em to o b tain m o re p u rch asin g
pow er, and It does not red u ce In te re s t
ra te s.
In all h e r h is to ry G erm any
n e v e r had so m uch m oney or as high
In te re st ra te s as In 1922. Money, u n ­
like o th e r fo rm s of w ealth. Is n o t
e a s ie r to o b tain sim p ly b ecau se th e
to ta l supply Is In creased . On th e con­
tr a ry . In c reasin g th e supply of rsoney
o rd in a rily In c re a se s th e dem and for
m oney, and In te re s t ra te s depend not
on supply but on th e re la tio n betw een
supply and dem and.
A D ang ero u s Fallacy
"W e a re a ss u re d , h ow ever, th a t th e
F ord -E d lso n plan p ro v id es m oney fo r
th e fa rm e r a t v irtu a lly no ex p en se to
th e g o v e rn m e n t o r to anyone else.
All th e g o v e rn m e n t h a s to do Is to
p rin t th e m oney. W h a t could be sim ­
p le r? H ere we com e to th e m ost dan
g ero u s fallacy In th e w hole p ro je c t
It la d an g e ro u s b ec a u se of th e u n i­
v ersal d e sire to g et so m eth in g to r
n o th in g .
"H e re ts th e g is t of th e m a tte r :
M oney will buy w h a te v e r ts produced,
n o t a p a rtic le m ore by any tric k of
alch em y , o r le g islatio n , o r finance.
T h e R u ssian s, h av in g m u ltiplied th e ir
m oney 257.000 tim es, c an n o t buy aa
m uch w ith It as before. W hen we
p rin t m ore m oney th e r e a re no m ore
goods for m oney to buy; not a sin g le
a d d itio n a l plow , o r h a t. or potato.
"Som e of th o se w ho g et tb e new ly
p rin te d m oney can buy m ore goods
th a n b e fo re; a ll o th e r people can buy
fe w e r good* th a n before, b e c a m e th e ir
m oney h a s fallen off In p u rch asin g
pow er
S ince th e re a re a o m ore
plow s, and hat*, an d po tato es, and
so on. to d is trib u te . If som e people
g et m o re, o th e rs m u st get less
"In flatio n u n d e r tb e E dison p lan ts
lim ited m ain ly b ec a u se on a cco u n t of
It* Ind efen sib le d iscrim in atio n , m oat
g ro u p s of p ro d u cers of goods and
service* a re n o t allow ed to p a rtic i­
p ate
If all group* w ere Included, a*
In fa lra e s* an d In p o litics they w ould
hav e to be e v e n tu a lly , th e p oslbllltiea
of ¡ s ta tio n would be vast.
T he D eadly S p iral
*
"T h e to ta l incom a of the T n lta d
S ta te s Is now In e x c e ss of fifty b il­
lions of d o lla rs
T h e to ta l m oney In
circ u la tio n . Including bank depoatta
su b je c t to check, la n o t fa r from
tw e n ty five billions^ It Jo llo w s th a t
t',i* a n n u a l production. If used t f a
b asis for new issu e s on th e E d laaa
plan, could a t once g re a tly la c ra a a a
th e volum e of m oney la c ircu latio n .
E v ery ad d itio n to th e m o n e ta ry supply
would tend to ra is e prices. T ha h ig h e r
prices becam e, the h ig h e r w ould ha
th e loan value of a given volum e of
goods since th e size of th e lo an s la
b ased on values and not volum e. T h a
g re a te r, th e re fo re , w ould be th e vol­
um e of new m oney th a t could be Is­
sued on tb e b asts of a g iven a n n u a l
production. P rices w ould becom e still
h ig h e r; and so on up nn endian*
spiral.
"E ven In R ussia, w here financial
p rin tin g p reases hold th e w o rld 's ree-
ord for volum e, w here new tsauea of
tw o h u n d red trillio n s of ru b le s p e r
m onth s ta g g e r th e Im ag in atio n , th e
people com plain th a t ‘th e re H n o t
enough m oney to do b u sln e ta w ith .’
W ith o u t th e a rb itra ry r e s tr a in t of th e
gold b asis, and w ith M uscle S h o als
In flatio n ists, and su n d ry o th a r k la d s
of Inflatio n ists c o n sta n tly p reaatn g
th e ir claim s upon C ongress, tt Is n o t
a t nil c e rta in th a t th e U nited S ta te s ,
once w ell on th a road to fin an cial
chxos, would in th a end be o u tru n hy
R u ssia."
BANKS H E L P CLUB WO RK
T ak lm a C ounty B anka In th a S ta te
of W ash in g to n hav* loaned IM 7 fi to
boy and girl club m em bers. T a k lm a
C ounty h as tw eo ty -n lae pig club m am
bar*, tw e n ty four p o u ltry elub m em
b ars and forty th re e d airy club m e m ­
ber*.
D airy elub m em b ers a re all
using p u re b r e d stock, local b re e d e rs
an d b a n k e rs co-operating w ith t h o a
to th e fu lle st extenL