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About The Winifred Times (Winifred, Mont.) 1913-19?? | View This Issue
The Winifred Times (Winifred, Mont.), 04 Oct. 1935, located at <http://montananewspapers.org/lccn/sn85053313/1935-10-04/ed-1/seq-1/>, image provided by MONTANA NEWSPAPERS, Montana Historical Society, Helena, Montana.
I \ P4181 ORICAL SOCIgT! OF MONTANA. t4e LE NA VOL. 23 THE WINIFRED TIMES WINIFRED, MONTANA. FRIDAY, OCTOBER 4, 1935. NO. 29 , MERRY QUIPS In Counterfeit Mosley He—It coats me 45,000 a year to live. She—Do you really think it is aorta It? Cluck, Clack \Tommy's girl is no chicken\ \No; she's a goose if she [Harris' him !\ Next Case \My face is my fortune.\ \Huh! Another hard luck story !\— Pearson's Weekly. Suck Language \Has daddy finished dressing?\ \I don't think so, mummy. I heard him talking to his collar.* Vivid Description \Can you describe your assailant?\ \Of course. I can. That's what he hit me for, describing him.\ At Auction, Maybe \Is your wife changeable, old man?\ \I've never tried, but I shouldn't think so.\—Answers Magazine. Proof of the Pudding Mrs. A—Shall I ask the cook for ref- erences? Mr. A—No, get her to submit sam- ples. And Snore, Too \I adore bridge! I could play it In my sleep.\ \Apparently you do.\—Tit-Bits Mag- azine. Nothing to Speak Of Floorwalker (to man in store)—Are you looking for something? Man—No; I've lost my wife.—Path- finder Magazine. His Error He—Who spilled mustard on this waffle, dear? She—Oh, John! How could yen! This is lemon pie! FLOWERS FOUND TO RUN TEMPERATURES Flowers are apt to be feverish, says a communication to the French Acad- emy of Sciences by Professor Blaring. hem, reporting his observations of the temperature of plants. Some of the flowers that are given to developing abnormal temperatures, he says, are the narcissus, the nastur- tium and the dandelion. Most flowers, however, are given to higher temperatures at budding time, sometimes several degrees above the temperature of the surrounding air. This is easily noted in sweet pea buds between 10 o'clock in the morn- ing and noon. The male flowers of diocecious and rnonoecious plants are warmer in tem- peratures than female flowers of the same plant at the same state of de- velopment—Detroit Free Press. Notes in the Belfry Britain's reputation as the Ringing Isle is enhanced by the enlargement of the Bournville Carillon, which hangs In the tower of Bournville village schools, near Birmingham. When It was Installed by the late George Cadbury In 1906, it consisted of 22 bells; now it boasts 48 bells, and the most deli- cate response to the player's touch of any carillon in the world. The heaviest bell weighs three and a quarter tons and the lightest twelve pounds, the to- tal weight of the instrument being sev- enteen and a half tons.—Tit-Bits Maga- zine. A City That Was The record rise and fall of a city is probably held by Pithole, in Pennsyl- vania. Within three months of the finding of oil, the town had a hotel, a theater, and a daily paper. At the end of seven months it had 24 hotels, an academy of music, a water works, a city hall, and 15,000 inhabitants. Then the oil was taken away by a pipe -line, and in three weeks the city had 40 in- mates—Montreal Herald. Odd Tricks Played by Noise Noise plays many tricks. In the great cathedrals of Milan, Cologne and St. Peter's an organ note lasts so long that any rendition is a confused jum- ble. In St. Paul's in London and in the Hollywood bowl it is possible for two people 90 feet apart to have a whispered conversation, owing to the acoustics.—Scientific American. 16,000 Milos of Trout Streams There are approximately 16,000 miles of trout streams In the state of Michigan. The acquisition of land with river frontage is favored by the Department of Conservation to insure continued freedom of fishing privileges. —Detroit News. Humble Protest \You have *me rich relations,\ said the gossip. \Yes answered Farmer Corntossel. \But all they ever do for me is to put me to the expense of buying my family new clothes to wear to foolish par- ties.\ SEES INFLATION A SLOW PROCESS A Real Danger for the Future, Col. Ayres Tells Banking Groups. NEW BRUNSWICK, N. J.—Present prospects do not indicate that inflation severe enough to cause further dollar devaluation will come soon in this country, but as an ultimate develop- ment it seems to be a very real dan- ger, Leonard P. Ayres, Vice President Cleveland Trust Company, said here tonight in an address before the Grad- uate School of Banking. fie believed this statement to be true \unless the government enters frankly upon a pol- icy of issuing flat money with which to meet its expenses.\ At present that does not seem to be in sight, he said. The Graduate School is operated jointly by the American institute of Banking Section of the American Bankers Association and Rutgers Uni- versity to offer advanced studies for bank officers. \We have so enormously increased the capacity of our banking system for credit expansion that It is difficult to see how we could have a vigorous business revival without having it de- velop into a credit inflation,\ Colonel Ayres declared. Inflation • Slow Process If inflation does come it will be a slow proces, he said, pointing out that in Germany, France, Belgium and Italy it took about five years to develop from the time when the governments en- tered upon policies of financing large peace -time deficits by bank credit up to the time when the public generally began to spend money rapidly because of fear that it would still further de- preciate in purchasing power. \It we are to go through such a period here it would seem likely that it might last rather longer than the corresponding periods did abroad,\ he said. \Its beginning would date from the spring of 1933 when we left the old gold basis for our money and en- tered upon the policy of financing large governmental deficits by the sale of Federal securities mainly to banks rather than to private investors. \The method that we are following is the one that proved disastrous in Europe for in all those countries in- cluding Germany, the increasing issues of money that caused the inflations were not mere printing press issues of fiat currency, but were secured by government bonds and notes discount- ed at the banks. Nevertheless, the process is inherently a slow one.\ Among the clearest lessons taught by the European experience, Colonel Ayres asserted, is that there are \no good hedges against inflation.\ He added: Did Not Lighten Debt Burdens \One of the strange facts about these inflations is that while they destroyed the values of most existing debts, they did not succeed in lightening the debt burdens of either the people as a whole, or of the corporations. \Inflation destroys the value of bonds and mortgages and so confiscates the property of these holders of obliga- tions and hands it over to the share- holders and the equity owners. How- ever, it introduces so many new eco- nomic difficulties that these share and equity holders are at once forced to incur new indebtedness so that when stabilization comes the problems of debt are about as troublesome as they were before, or even more so.\ The five requisites of inflation were listed by Colonel Ayres as first, a pe- riod of sustained active business; sec- ond, a rising stock market; third, real credit expansion; fourth, greater out- flow of gold \than we can tolerate which would force us to cut our cur- rency entirely free from gold\; and fifth, continued large budget deficits in government operation. A PROPHECY Significant economic developments to be expected in the next decade are listed by a prominent business writer as follows: (1) Higher standard of living. (2) Continued advances in tech- nical processes of production. (3) Fac- tory built houses, better and cheaper than hand made houses. (4) Somewhat cheaper money. (6) Faster travel. (8) News printed by radio. (7) Mechanical cotton picker, revolutionizing the South. (8) Cheaper electric power. (9) Better distribution of goods; more chain stores. (10) Another depression five or six years hence, preceded by an inflationary boom. TWO QUESTIONS ANSWERED Why is it that one farmer raises 100 bushels of corn to the acre, and the other one, on the other side of the fence. raises 25 bushels to the acre? Why is it that one farmer produces 100 pounds of pork on five bushels of corn, and another uses 25 bushels? Not until power machinery, scientific principles of soil fertilization and reatoration, rotation of crops, diversification of crops and economical feeding are ap- plied to the farm, will the fermers' problem be solved, says a farm au- thority. China Traced to 1500 B. C. The story of China has been traced back to somewhere near 1.300 II. C. Again— The People Speak 1 By RAYMOND PITCAIRN National Chairman _Sentinels ol the Republic An event of unusual import to those who would tinker with the United States Constitution has occurred re- cently in Pennsylvania— the state wherein our National Charter of Liber- ties was conceived and written. There, for the first time since recent efforts to remould our Federal 0 a- stitntion along Use lines of the iv 'sr political philosophy gained nat sal prominence, the people themselves . we given opportunity to aszzhat they thought of that sort of thing. Emphatically they rejected the idea Dominated by the vote from rural districts and the smaller cities, they decided that this was no time to risk the possible writing into fundamental law of various unproven theories now being urged throughout America as a substitute for crystallized experience. The people of Pennsylvania, of course, voted only on the question of revising their own state constitution. But funda- mentally—and despite whatever politi- cal spokesmen on either side may claim —some of the principles involved were comparable to those brought into prom- inence by the nation-wide efforts of certain groups to remould our Federal Constitution into a form more readily influenced by passing fears and passions. In the response may be read a heartening message of encouragement to all who oppose efforts to scrap cer- tain essential elements of our American system of government in favor of new and untried theories. It is: That the great body of the people— the men and women who constitute the backbone of America—are not at this time in sympathy with a policy of sudden changes. They realize that while it was the Declaration of Inde- pendence that proclaimed personal Lib- erty, it is the Federal Constitution that ensures it. They do not intend to sur- render that guarantee. gs Again—the People speak. BEAUTY TALKS By Marjorie Duncan •••••••••••• THE \OFF -DAYS\ Q PASMODIC negligence is step -sister 4 - 7 to chronic carelessness, Both are inexcusable in the matter of one's per- sonal appearance. Both pay the same price. Groom yourself perfectly for 360 days in the year, and let the world see you careless the other 5. What happens? You are judged—or rather misjudged (if you want it that way) by your off -days, You look lovely most frequently—you are listless seldom— yet it is the \seldom\ that everyone seems to notice. Connie found that out. She confided to me the other day that she would never, never venture forth, even to the grocer's around the corner, without \fixing and fussing as though going to a dinner -dance.\ Connie ordinarily is quite careful about her appearance. Occasionally, however, she has an off. day. She reasons thus, \Oh well, I don't have any special engagements— I don't expect to meet anyone today —and I'm just going out for a short time. \So I slipped out of the house and on to the store and even the grocer's cat seemed to stare at me. I caught a fleeting reflection of myself In the mirror and it was none too flattering. Right then and there I had a premoni- tion. On my way home I talked to myself, expressing over and over again the hope that I would not have the misfortune of meeting anyone. And then—curses—if I didn't walk straight Into the one person in the whole world whom I wished least to see at that moment.\ Connie must have wished as so many of us often do that a magic po- tion for making us invisible would be Invented, However, that little inci- dent changed Connie's regime to one of systematic precision. No more spasms of negligence. She is always a picture of perfect grooming. Connie's sad little experience re- minds me of a lovely lady I know who is really a brilliant housekeeper. On the one and only day that she failed to make the beds and straighten up (because she felt indisposed) the fates conspired against her. She had more unexpected visitors in an hour—that day—than she usually has in a week. It's the experience of every woman— :Seems LO MP. Remember the wrinkle makers. Con- stant frowning, scowling, a despondent and morose disposition. Too sudden reduction without compensating skin rare takes away the fatty underlining, but the skin that has been stretched to accommodate it falls into folds and wrinkles. Remember that worrying over the wrinkles will often make matters worse. And remember, too, that your youth did not die in a day, the wrinkles worked their way Into fare and neck—a little yesterday, a little the day before, over perhaps years without your knowing it. Don't expect them to leave in a day or a month. Be patient and you will be rewarded with youth regained. When Emotion Is Dangerous Emotion which Is not disciplined by thought is always dangerous. GOVERNMENT BANK UNSUITED TO U.S. Would Serve Politics Rather Than Business Needs, Says R. S. Hecht, Citing Previous Experiences, QUOTES PRESIDENT JACKSON Extent and Diversity of This Country Presents Different Situation From Europe and Makes Regional Banking Necessary. WASHINGTON, D. C.—A refutation of arguments in favor of a government. owned central bank system for the United States is presented in a state- ment by R. S. Hecht, President of the American Bankers Association, based on exhaustive studies of European con. tral banks. He also points out the dis- astrous consequences of previous cen- tral bank. experiments in the United States. \Our present regional Federal Re- serve System under private ownership is infinitely better for this country than would be a government -owned and controlled central bank,\ Mr. Hecht says. \If history teaches us any- thing, it is that it is almost certain that a central bank so owned would be run to meet the varying exigencies of the government in power rather than to serve the commercial needs of the country.\ Central banking has been tried twice In the United States, but was finally abolished because the credit control which the central banks exercised be- came objectionable and unpopular, he goes on to say. What Andrew Jackson Said \The continued existence of the Sec- ond Bank finally became a bitter polit- ical issue and President Jackson suc- ceeded in abolishing it,\ Mr. Hecht says. \Permit rue to quote from his fare- well address: 'The immense capital and peculiar privileges bestowed upon It enabled it to exercise despotic sway over the other banks in every part of the country. From its superior strength it could seriously injure. If not destroy, the business of any of them which might incur its resentment. .. If you had not conquered, the government would have passed from the hands of the many to the hands of the few; and this organized money power, from its secret conclave, would have dictated the choice of your highest officers. .. The forms of your government might, for a time, have remained, but its living spirit would have departed from it.' \ When the Wilson Administration con- sidered banking reform it carefully kept away from vesting central bank- ing powers in a single Institution and instead introduced the regional idea by creating twelve reserve banks located in different economic and geographical sections of the country, Mr Hecht says, a plan that has worked exceedingly well because the separate banks are under the guidance of men chosen on account of their intimate acquaintance with the problems and needs of their respective territories. Ile continues: \The great size and diversity of America tends to make a central bank undesirable. The central banks of Eu. rope such as the Banks of England, France and Germany, cover areas not as large as some of our states. A cen- tral hank In the United States on the other hand would he called upon to ad minister the financial policies of an area larger than all of Europe, In which there are quite a number of cen- tral banks. Subservient to Popular Demands \Moreover history has proven that any banking system entirely owned and dominated by the government usu ally demonstrates much greater ability In aiding expansion of credit than in putting on the brakes at the right time to prevent undue inflation by restrain- ing and contracting credit. This Is easy to understand because in times of de pression everyone is urging the govern ment to make money and credit easy and to encourage expansion. \On the other hand. It always has been and always will be a difficult task for any government to call a halt time of apparent prosperity because In the very nature of things the govern ment wolld be very sensitive to public critIchini and would hesitate to take any action which would tend to curtail business activity. It Is such undue sus- ceptibility to popular demands which makes government banking inhsrently weak. \Our studies show that of all the cen- tral banks at present existing there are only four whose stock is owned by the government. The newest central bank Is that of Canada. which opened its doors only a few months ago after a most exhaustive study had been made of the experience of all nations with the result that the stock of the Bank of Canada Is privately owned.\ The American Rankers Association, Mr. Hecht says. Is convinced that a cen tral bank would not he In the interest of the nubile or the hanks. This Vaal - HOW PAINTLNGS, FURNITURE CAN BE GIVEN ANTIQUE COLOR.— Not only books but even paintings and furniture can be given a very natural appearance of great age by tile clever use of tea and coffee, says a writer in the Montreal Her- ald. The business of turning out antiques in this way has become quite a profitable industry overseas, and unscrupulous dealers In such so-called valuable objects sell these \fakes\ at extortionate prices to unsuspecting purchasers. The col- lector who knows his antiques, however, is not fooled. One of the most common tricks of the makers of \antique\ books is to soak the pages in tea to give them the yellowish tinge that comes with great age. Coffee is sometimes used for this purpose. A clever workman who knows just how strong to make the tea, and just how long to,keep the paper In the beverage, can closely approximate the appearance of great age. How British Came Into Possession of Bermudas The British carne Into poSsesslon of the Bermudas by colonization, ob- serves a writer in the Cleveland Plain Dealer. The islands were discovered three times over before anyone thought them of sufficient importance to. establish a settlement. Each of the discoverers was shipwrecked. The first was Juan Bermudez, a Spaniard, from whom the common name of the group is derived. He found them in 1522. Henry May, an Englishman, was the next visitor, In 1593. Admiral Sir George Somers, another Englishman, was wrecked at 'Bermuda en route to the Virginia colonies In 1609. Somers soon afterward established the first settlement, and the Bermudas are oft- en called the Somers islands. In 1620 they were granted to 120 persons, an offshoot of the Virginia company, 00 of whom commenced cul- tivation, which yielded rich crops ii tobacco. The present white popula- tion consists largely of descendants of these colonists and of others who came soon afterward as fugitives from the civil wars in England. Indian Medicines In general, the tribes of Indiana show many sitnliarities. In regard to medl eine, hut the actual agents employed differ with the tribes and localities, as well as with the individual healers, says a writer in the Washington Star. Magic, prayers, songs, exhortations, suggestion, ceremonies, fetishes and certain specific and mechanical proc- eases are employed only by the medi cine men or medicine women; other specific remedies or procedures are proprietary, generally among a few old women in the tribe, while many vegetal remedies and simple manipulations are of common knowledge in a given lo- cality. Bridegroom Ch•ses Bride Kahnultn, a tribe of central Asia, be lieve they have the most unique wed- ding custom of the world. When the bridegroom appears for ids bride on the wedding day, her family orders him away and puts nip n sham light. Then the bride escapes with her father on a horse and is chased by the bride- groom and his friends. She is caught, of course, and taken back home for the ceremony. The Pampas The pampas are the vast, grassy plains; In central Argentina. Their area is equal to the state of Texas. They are bound on the north by the forests of Gran Chaco and on the south by the steppes of Patagonia. During the rainy season, the pampas are covered with a luxuriant growth of grasses which provide pasturage for great numbers of cattle and sheep. Where Beauty Is the Rule From time Immemorial Arles, France, has been the home of beau- tiful women. It Is one place where feminine beauty is so general that it becomes monOtonous. In the ruins of the amphitheater here may be seen the gladiators' cells and the cages in which the wild beasts were kept be- tween their battles in the arena. Names of Cards In Ireland, the Ace of Diamonds is called \The Earl of Cork,\ it being the world ace and the poorest card in the pack. The King—This card is believed to be an evil one. On most fortune- telling systems the card portends luck, Its other names meaning \The great hanged,one.\—Pearson's Weekly. Whipping Legal Punishment Whipping is a legal punishment In Delaware, which prescribes it for such crimes as burglary, arson, wife -beat- ing, horse -stealing, larceny, etc. in all other states It has been abolished, ex- cept as a disciplinary measure In prisons. Detroit had a public whipping post from 1818 to 1R31. Dams to flood large flats for has , 4 - zowlug purposes are bring built by the Surprise Valley no.nicIpality In southern Saskatchewan. asaseassa.ser. • ....rmaiellowvillhiailL•Prwimag THE SAME COUNTRY By ROBERT V. FLEMING Vice Presidesu, A meriraN Bankers A tam -tattoo There is a growing appreciation, both on the part of the people and the Gov- ernment, of the earnest and sincere efforts being made by bankers to aid In recovery. It is desirable that we miss no opportu- nity to foster pub- lic understanding of the bankers' problems. We are living in an age of complex and upset economic conditions. Our af- fairs are closely Inter • related not only within the confines of our own borders but extend to other coun- tries throughout the world. The Greatest Difficulty I think the greatest difficulty we have to overcome in America today is due to our impatience with the progress we are making towards recovery. We must realize that while the Government can help by directing some measures for re• lief and recovery, we must help our- selves by doing our share to give im- petus to the Government's efforts We have the saran count7y and basically the sauna businesses, factories and people we had prior to the depression, and business initiative must step forward If real recovery is .o be achieved. The theory we often hear expressed that banks create business activity Is wrong. Banking can only make a sup- plementary contribution to business ac- tivity. Bankers have the facilities and the desire to extend credit, but busi- ness must initiate activity by seeking the credit which Is readily available to all worthy borrowers. Let it be said for business, however, that business men are as eager as bank- ers to contribute towards recovery. I think some of the trouble lies in the fact that too many legislative measures have been proposed for reform which leave an uncertainty in the minds of • business leaders as to their eventual outcome and effect. Consequently, they hesitate to expand until the probable effects of such legislation are known. It. V. FLEMING MAKING IT HARDER FOR BANK ROBBERS Mechanical Devices That Impede the Work of Bandits De- scribed by Bankers As- sociation Official. Tile Impediments which the hard working bank robber now meets In ply- ing his trade among small as well as large hanks are descilbed by James E. Baum, Deputy Manager American Bankers Association in charge of Its Protective Department, in an article in \Banking\ published by his organiza- tion. \Protective equipment will minimize if not prevent loss,\ Mr. Baum says, \ as the silent automatic type of alarm, approved tear gas systems, sev- eral styles of bandit resisting enclos- ures and timelocks, or safes equipped with timelocks, which can be set for intervals of a few minutes. \The silent automatic alarms operate In the, beginning of a holdup and through actions carried out by the bank employees in obedience to the bandits' own commands. They are adaptable to the smaller banks which continue to be easiest targets for hank robbery. Tear Gas Systems \Tear gas systems have their advan- tages as self-contained protective units where outside aid Is inconvenient or too remote from the bank to be effec- tive. One objection to the use of tear efts In preventing holdup Is the need of pressing a lever or button to discharge it. Although this necessary action seems too much to expect of the victims in a crisis where their lives are In jeopardy. the fact remains that tear gas systems have defeated bank robbery. Its de- terrent value is also Important. \Different styles of bandit resisting enclosures are available. The lock man. u factu re rs also produce timelocks which can be set to open at intervals of five minutes or longer. These locks are especially adapted for attachment to small safes or chests for safeguarding surplus funds while the bank is open for business.\ Stock of Central Banks Usually Privately Owned Of all the central banks at present existing there are only four whose stock Is owned by the government. The new- est central bank Is that of Canada, which opened its doors only a few months ago after a most exhaustive study had been made of the experience of all nations with the result that the stock of the Bank of Canada is privately owned.
