Image provided by: University of Oregon Libraries; Eugene, OR
About The Monmouth herald. (Monmouth, Or.) 1908-1969 | View Entire Issue (Oct. 19, 1923)
Pag« 7 THF, MONMOUTH HERALD, MONMOUTH, OREGON FRIDAY, OCTOBER 19. 1923 UNJUST RESULTS OF MONEY PLANS Unsound Currency Gives Sellers Unfair Advantage Over the Producers. EXPERT EXPLAINS MONEY Points Out Dangers in So-Called Energy Dollars— Other Plans Exposed. How demagogues are using falsa doctrines of so-called "sound money" lo give themselves or the class they represent unfair .dvantages at the .eipense of real producers Is exposed In the Journal of the American Bank ers Association by H. Parker Willis, expert on the money question. "There is no subject In whose name more crimes against truth have been committed than that of ‘sound cur rency.* “ Mr Willis says. “The term is always resorted to by demagogues. At the present moment there seem9 to be a danger that It will be used by a potential presidential candidate as representing the 'platform' upon which he expects to run. There U no question that more nearly and di rectly touches the immediate welfare of every c’ass In the community." Purpose of Money Primary functions of money and currency, it is explained, are to serve as a means of exchanging goods and as a meant of measuring the value of goods. Mr. Wlllla continues: “ Demagogues and those who are disposed to mtslead the public for various ulterior reasons have suc ceeded in disseminating an entirely different view of the purpose of money. Some of them contend that the soundest or best currency is that which is so arranged as to bring about a 'fair' redistribution of wealth. They want a constantly depreciating currency—one which keeps playing Into the hands of the seller of goods, by enabling him to count confidently npon higher prices In terms of money so that he pays the producer from whom he has obtained them less and less. IT IS A STRANGE THING THAT THIS KIND OF CURRENCY . 18 OFTEN HIGHLY PRAISED OR FAVORED BY THE PRODUCER H I M S E L F . NOTWITHSTANDING THAT HE IS THE OREATEST SUF FERER FROM IT.” Energy Currency There is another popular view of sound currency which alms to base It upon "natural products’* or “nat ural forces"—usually it Is true, speci tying products or forces which have been monopolised or can be con trolled by the advocate of such cur rency. Thus from time to time there have been schemes flo issue a cur rency based upon or protected by farm products stored In warehouse« H. W . MORLAN OF occasIobaTTy representing “ units ol energy" or horse power The rulers of Soviet Russia at one time attempted to introduce a cur rency representing “ labor time.” ea< h man receiving a check representing the number of hours of time he had put In at work, while goods them selves were to be valued in terms >t hours of production time. Thus one I man who put in an hour’s time In ) street cleaning received the same control over goods as he whc put in an hour's time at surgery. The theory was tha* this kind of "sound" currency enabled the “ poor man" is get a larger supply of goods “ The trouble was that when thoce who could perform a certain kind cf labor were not paid In proportion *o their effort they stopped making goods. So it was cot very long In Russia before the sound currencv which was issued in favor of the poor man bad brought It about that the poor man could not buy an?'.bin» with the currency. This was an un fortunate kind of 'soundness.' We do not want something like it In the Unlted States today, yet very simi lar proposals are now leing made in a good many quarters that ought to ' know better,” says Mr. Willis. D ozen Shows at Pacific In te rn a tio n a l J Find 2,000-Year-Old » Skeleton in Scotland 0 J Edinburgh.—A grave, believed RUSSIAN UNTILLED LAND BEING RAPIDLY RECLAIMED 1 J O N E S /£ ^ Exercise Your Imagination 8 5T'go!^^nani^met^>efore Watt observed the steam-laden kettle vibrate on the fire. But it took a man with Watt's Imagination to rec ognize that In that kettle was a power which might he harnessed Into service. Others saw the steam engine working, hut It took the Imagination of a Fulton to believe that paddles propelled by this power could drive a boat ahead and not merely splash the wash The bromides of Spain laughed at Columbus who had imagination enough to believe that the world was round Since man was. he had observed lightning with only wondering awe or fear, until Ben Franklin let his Imagination fly with a kite In the storm and the possibilities of electricity were Introduced to the world. The telegraph and the telephone that day started on their journey to us. Scheele observed the change of color on skins exposed to the sun. His imagination brought to us the sun-traelng scheme of duplicating drawing«. To this Daguerre lent his Imagination, and photography came. McCormick was laughed at because he imagined that a horse might operate a sickle that could do the work of several men with scythes An accident on the Boston and Maine Railroad, costing many lives, called the attention of a man by the name of Westlnghouse to the in adequacy of hand power brakes. He put his Imagination to work on the power of compressed air. "Foolish." said the wl-e "lie-» who always know it all. "such a soft cushion can never stop a train ' But his air l rake made high speed travel safe. The man who would build a palace of stone must first build with thought. Imagination Is the ability to build In the mind It is the architect. Mue print, pile-driver and electric crane of the future. It foresees, plans, carves, builds. No man can be great who does not use hi« imagination. But wisdom must always go with Imagination. Exercise the Imagination It will some day bring Ma«s. Venus and Saturn to us and make this little Earth “the frontyard of the universe." He who neglects his Imagination allows the key to success to rust. Copyright, 1923— By Richard Lloyd Jones. ^ ;e to he modest, regardle« of sbine —I never was vain of my rep. . . . I I don't like to brag on productions of mine, no matter how potent their pep . . . And eo. I'm discrete when I hapi>en to write the news of a social affair—an' I keep my Identity clean out of sight, by signin’ It. "One Who Was There I'm often Invited to fnrntsh the muse, when festal occasions demand . . . I can aller- some selection- that ain't teen messed over, or canned. . An' I titter with mirth. Jes' to see 'em in print, and It makes «11 the frequenters glad. «« they read In the paper the per tinent hint that "Dainty refre«hment« was had " I like to record It. when Copid s success brings on the connubial attack—and I don't overlook, that the hride wore a dress, and the groom “The conventional black I" I'll say It's a wonder—the language we got. to mighty nigh curdle the hlo-d— when we write of a victim which some body shot, that "He fell with a alckeuln* thud r* ________ 0 0 0 0 B. F. Swope C. A. Swope Lawyers 0 0 0 An exposition Is a collection of shows, more or less related by nature The Pacific International Live Stock Exposition, held at Portland. Or. Nov. 3-10, has drawn under Its ample wings a doxen of them, and there is Interest for everybody In some of them It has a beef cattle show of great size. Its dairy cattle show Is second to FACTS ABOUT CHECKS none anywhere in numbers and qual ity A bank check Is a written order on The sheep and goat show is regard a bank by one of Its depositors to pay ed by experts as on a par with any s specified sum to another party like show in America. This Instrument must be dated, the 1 The hog show has always been ex amount written in full In the body, I cellent, and this year will be bigger and signed the same as the deposl j than ever. tor’s signature appears on the bank The draft horse show is representa signature card and ledger sheet. tive, with five breeds of heavy horses A check is payable on demand, pro- and jacks. vlded It Is not dated ahead. It dated The Western Winter poultry and ahead It becomes a promise to pay. the same as a note or acceptance, pay rabbit show attracts thousands of In terested spectators. able on some future date. United The Western dairy products show States revenue stamps are required Is the least spectacular and one of on a check dated ahead, at the rate of the most important. 2 cents per hundred dollars, or frac The boys' and glrla' clubs make a tion thereof. • how that is the outcome of work des In case a check carries two differ tined to make this country a better ent figures, that Is $2 00 In the figures place to live In. Don't miss seeing the and "Two Hundred Dollars” In the work they have done. written part of the body of the check, The Land Products show, with Its the latter, or part In writing, always fruits and vegetables, grains and controls. grasses, county and other exhibits. Is A check made out to a person “or order,” requires Identification, and the The story is told lu cable dispatches party presenting the same must as sure the bank that he is the payee. A to the American Jewish joint distribu check to a person "or bearer" Is pay tion committee from its represents able to the one presenting It at the live in the tamine area, Dr. Joseph bank, but a certain amount of Hentl Rosen. In a district where even the seed flcation Is necessary, for the bank re serves the right to know that be Is en for planting has disappeared in the scratching of bins for everything edi titled to receive the funds. ble. Nebraska, Iowa, Kansas and the Dakotas have come to the rescue with thousands of bushels of choice seed corn. Relief workers In Russlu nre transplanting and reproducing this at 52 multiplication bases, American Workers Putting 1,200 seed whence It Is distributed as fust as the land Is prepared to receive It. Acres a Day Under Cultiva The varieties chosen for transplan tion in Ukraine. tation are the most hardy American farmers have been able to develop—a Twelve hundred Ukrainian acres, corn that will grow In the variable barren during the yeurs of famine, are climate of southern Russia, where In being added each day to the vast gar sufficient rainfall and actual drought den plot Into which the magic warn! were the chief cause of last year's of American money and materials Is famine. rapidly transforming a section of un Next on the scene Is the American filled Russian plain. tractor, 75 powerful ones, each of LLOYD SAYS Blank Deeda, Mortgag-«, Etc. 0 0 # to be 2.000 year* old. has been 210 Oregon Building discovered In Kincardineshire, 0 0 SALEM OREGON 0 f Scotland. Associated— Thomas Brown J Digging on hi* farm, a Oatter 0 0 * line farmer came upon a pecu- 0 J llarly marked alnh about four f 0 D R . F. R. B O W E R S O X * feet below the surface, and un- 0 , der this wore four other aluha 00 * of largvr size. Beneath all was 0 P H Y S I C I A N U S U R G E O N • a full size human skeleton, with 00 PHONE NOS J an ancient urn beside the skull. 0 • OFFICE • 3MJ • Antiquarians pronounce the 0 HOI SE - A»«: J grave to he typical of the Bronze 0 0 • age, ami experts are further In 0 I 0 B. F. B U TLER \ 0 J one of the splendid features of the A ..................................................... Exposition. The latest show to come to the Pa clflc International is the fine North I per cord west Grain and Hay show, hitherto W o o d S a w i n g held in Pendleton. This Is going to Hard \v< od. twice cut. 90c be a 1923 feature. “ 3 times in two $1. IT The Industrial Exhibits department affords a show that for beauty and Fir. t«i-.*e in t\\o80c: 3 cuts91.OP value would be hard to surpass. This S e t h S m it h , Phone 3205 great department Is filled with fairy like booths, showing costly furs and other raiment, beautiful furniture, BUILDING TILE every convenience a housewife needs, machinery of every sort to save labor Made in .Monmouth and Increase profits. Everything bus be.-t and most its demonstration for the public. The make the sense of Bight and the sense of smell economical building mater are both appealed to, for the flour In lone and other food products companies ial you can buy. are doing their best to show the wear and low cost of upkeep merits of their goods. The Night Horse show Is one of the there is nothing that will four great horse shows In the United States. It Is brilliant, exciting and compare with tile or brick. delightful. Horses are coming front The aj pearance of such a the Eastern states this year to show their paces In the arena and struggle house is always attractive for the big prizes offered. and it holds its selling value One kind of a show isn't at the Pa cific International, and never will be better than a frame house. —the gambling concessions and other Tile in all Sizes. questionable amusements that rob children and sometimes grown people Ask us about them. and leave nothing but a bad taste. The Exposition does not need that Central Clay Products Co. kind of shows. W h & te sW H e n to do it H r A X e d a Any questions on etiquette uHll be gladly answered In (Ais oolsma if addressed to Aleda, care of this news paper. 1 J Dear Aleda— What la the best way to announce an engagement? (2) Who draw It, the bride's family or the groom’s? (3) Who pays for the engraving, etc? Miss A. L , California. Answer—The uaual way of an nounclng an engagement la through the papers. Ualng thla method: First select your paper and then send the notice to the society editor. An example la: Mr. and Mrs. Ed ward Black announce the engage ment of their daughter Jane, to Mr. John Cox. of Denver. Col. No date has been set for the wedding. It will proliaMy take place in Novem ber. (2) The bride's family. (3) The same. I # * * Owing to a sudden death In our family we must postpone our daughter's wedding. \\ ill you please tell me what is the quickest and l est way to go about this. The wedding was to be this September Mrs. It. M., Wisconsin. Answer—Have some printed cards made. A good stationer should get them out in 24 hours. Have them word something like this and send one to each person that received an invitation: Owing to the sudden death of ilr. Raynvmd Brou n s father. Air and Mrs. Raam'Otd Brou n heg to re: ail the in itatifin issued for their dnut;hti r's wedding reerptirm. them dragging two Russian five hot tom plows, harrowing and seeding the land In a single operation, and each covering 15 acre« a day. Using these ] machines, augmented by 1,400 horses j and $50,000 worth of horse drawn Ini plements. the relief organization he lleves It will have 100.000 Hcres of | hitherto barren land seeded to grain before the spring planting season Is Dver. Added to this activity Is the Inaugu rating of American methods In dairy farming and cheesemaking, which are being developed on an extensive scale In the famine district. Four hundred covva were purchased by the Amert cans and imported from other dis tricts, to become the nucleus of a sys tern of co-operative dairies In which the peasants rapidly are learning to participate. Cheese factories followed, until now. Doctor Rosen reports. 21 of them, all co-operative, are In operation. Mill Near Baltimore to Begin Manu facture Under New Process. In a mill near Baltimore there will be manufactured the first newsprint ever made out of sawgrasa. This grass grows In Florida, and the news print run of the Maryland mill will be used for samples by the Gross Fiber Pulp and Paper corporation of Floridn This concern, capitalized at $1,000,- 000. controls acres of Florida saw- grass and operates a pulp mill. In ad dition to the newsprint, the Baltimore mill will transform other pulp from the Florida mill Into various grades of kraft wrapper. Gilbert D. Leach, assistant secretary and trensurer of the Florida company, will supervise the operations at the Maryland mill. OILS ARE CURE FOR LEPROSY Sir Leonard Rogers Saya Injection of Certain Oils la Effectual. That leprosy can be effectually cured by the Injection of certain oils. Including cod liver and enya bean oil, was claimed by Sir Leonard Rogers In a paper read before a recent meet Ing of the Royal Society of Art* In London Sir Leonard declared that expert ment* made In various parts of the world led phyatetana to the belief that the disease could be cured within the spare of a few years. There would appear to be numerous cases of leprosy In London, particu larly among army men who have re turned from eastern countries, which are unrecognized. COOPERATIVE FARM MARKETING NOTES helpful HEALTH hints ] Prickly Heat.— A g - »1 talcum rder frequently applied does much to eliminate this annoying akin disease. When a ease of rlckly heat Is severe the skin should he bathed with a mixture of one part alcohol to three of wa ter. afterwards dusting with talcum powder. e • • Fruit B e fo re Breakfast — An or ange eaten half an hour before hr-ar.'sst la a splendid aid to the digestive ays'em. e r»gu- , • e • cla«s Hiccough».—Taking, small ’ •ally lar »wallows of watev from a i fry without takings nrvsfh will n< o f atop hiccoughs. If tht« faili giving the patient • *ea<;>c« t granulated augar ant, . isrgar D e n t is t F o i l office bldg Monmouth Progress of the Movement to “ Put Farming on Par With Other Big Business.” A pamphlet and queatlonnalre on cw operative farm markeUng recently la sued by the State Bank Dlvlstoa, American Bankers Association, haa brought out valuable Information on the subject from bankers, farmer* and atata agricultural departments. It M being used as a campaign document la Oregon Monmouth A Independence Aulolius TIME SCHEDULE Bus leaves Train leu\es Monmouth Train Independence 7.10 A. M. To Portland 7 38 ID O.t .< 49 A. M. To Portland 9.45 A. M. To Corvallis 10.25 11.50 A. M. To Corvallis 12.13 2.40 P. M To Portland 3.12 2.40 P M To Corvallis 3.33 5.38 5.10 P M. To Portland 7.15 6.15 P. M. To Corvallis Raymond E. Derby. Phone 1504 Prop. Drain MAKE PAPER FROM GRASS RICH ARD N o ta ry Public t Efficient Service Courteous Treat ment A. L. KEENEY Funeral Direc*or and Licenced Embalmer Calls Promptly Answered Day or Night. Prices Reasonable phones 9821 AND 9822 Independence, Ore. :■ £ = = = rH Good to be Sure Better to be Insured Best to be insured in the H A R T F O R D Fire Insurance Company Accident and Indemnity Company Chambers & Powell Agents m Into a man’s life lo atay the red tag goes out. What tha country neadn la to bring about a condition wbernby the man who works with hla bands abnll take the same Interest In his af fairs as the capitalist does In hta. • a • Probably the best way to do thla would be to turn tha workman Into a The movement on the part of farm ers toward co-operative marketing as capitalist And thla la exactly what u cure for their present economic he becomes when he saves his money plight Is nation wide There has been and builds np a reserve fund Ha re notable progress in the development main* a capitalist as long as ha bold* on to that money. Tha aatlafactloa of euch associations, some consplcu of aeelng hla money reserve mount ously successful ones being in opera tlon at the present time. There have up will discourage the waster to take also been some disastrous failures a layoff now and then. It will encour among these ventures In co-operative age him to work a full six-day week marketing, which le the Inevitable ac and thereby Increase the labor hours companiment of the progress of any applied to production. Tba American peopla can aolva any movement. The “ Banker - Farmer," problem they eet tbemaelvee to We published by the American Hankers provided for a sound currency when Association, says: the greenbackere and Inflationists “ Cause and effect are operative la were routed and the gold basts estab co-operative marketing as truly as lished The Federal Reserve Bank they are In every other business enter waa established and solved a problem prise. An association will not neces for which most people thought there ■arlly succeed or fall merely because | was no solution. A number of years It Is a cooperative association, but be ago. when there was a críala or wb‘ a cause It conforms to or transgresses a bank failed, wa all used to abut up from the underlying principles of sue 1 our vaults tight and let aotblng get ceasful business operation The move- 1 out. Instead of bettering condition* ment Itself Is of great national Import | w* made them worse. Now If failure* and the bankers of the country can | occur tew people, except those direct materially aid or retard Ita progress ly Interested, are disturbed. The responsibility of leadership la Pe-hapa the most Important problem rural communities rests very largely of all right now la to do away with with the country banker. It le bit labor waste. It never caa be done by duty to be Informed on all matters ra preaching, by agltattan or by force It can be dona by selling the workman lating to the farmers' well being." on the idea of becoming a cap tallvl- • • • Thla caa be brought about by the right Modern conditions are such that ag kind of bank advertising Who Is »■¡culture cannot be successful by In thera to say that an advertising dol dividual effort. To regain its position I lar bringing about this result would as a baste industry, and as a force In | not be e eoastructlv* dollar? Festus national affairs, agriculture must de J. Wtde. pend upoj organization and caopera j tlon for economic production, for sco ! nomlc marketing and for the eatab EIFFEL TOWER FOR LONDON Itabment of Ita proper relationship In community life. — Howard Leonard. It Will Be tOO Feet High, With Search light on Top. President, Illinois Agricultural Anno London la aoon to have an "‘Eiffel** elation. tower, built of concrete BOO feet high It will he erected at Wembley, the seat of the British empire exhibition Although falling abort of the height of the Woolworth building In New York and the Eiffel tower la Parle, the proposed structure will give visitor« to the exhibition a panoramic view of the country for hundreds of mile* The tower will be surmounted by a Festus i. Wade Says Anarchy searchlight «0 powerful that tl can he seen from the coast of France. Vis Disappears With the De itor# will be taken up the tower In a velopment of T h rift giant cage, which will rotate around the exterior at the rate of fourteen | mile« an hour When the «»In ga passbook comet the organization of co-operative mar keting associations in various sections of the country, farmers having adop*- ed Its slogan: “ Put Agriculture on a Par with Other Rig Business.'* MAKING CAPITALISTS OUT OF WORKMEN