Changing Dollar Plan to Stabilize % Money and Prices w Political Economists Present Novel Suggestions for Monetary Legislation at Washington. By (ifcORliE F. M THIER. «»hln*tacks of conservative mem bers of both parties a few yegrs gao. They coma from usch eminent students of political economy ns Pro fessor Irving T. Fisher of the chair of political economy of Yale and John L. Rogers. Professor of poli tical economy at Cornell. The suggestion involves adding to and substracting from the gold con tent of the dollar us » means stabilizing prices and of currency*. The chief testimony in support of the bill introduced by Representative (ioldstiorough, democrat, Maryland, i nine from Professor Fisher who has written *i book on the subject. In effect. Professor Fisher says variations In the costs of articles are not caused by scarcity or over-supply, but by appreciation or depriciatlon of the dollar. The twin evils of our present financial system, he says, are inflation and deflation, usually used, the one as an antidote to the other. Tlie result, lie claims, is great social was ip and tremendous losses. Just now, lie foresees another venture Into the realm of inflation as an antidote for the postwar policy of deflation. Three Kinds of Inflation. In tlie United States, lie says, we have three kinds of Inflation, paper, gaW and credits. The first, paper, is up result fcf the issuance of gov ~ --- -- ernmental obligation*. The gold in flation he ascribes to the fact that we have become the world respository ' of the preclou* metal. The credit Inflation, a new phenomenon, he says, la due to the custom which has pre vailed of logfcms money by banks to the government, entering only a book account against the transaction. The i deflation already indulged in, tie says, I has caused hardship, hut the degree • of inflation still existing is causing ! the high prices. * “The need of our times." Frof. Fish er told the committee, “is stabiliza tion. But the Biers stopping of In , flation is only part of the problem in our monetary stability. Wo must , stop deflation as well. Thesa two. In I flation and deflation, are the twin evils, and not. as many unthinkingly assume, antidotes one for another. “Deflation was wanted to do Jus i lice to prewar creditors; and doubt ; less it did so to the few prewar cred j itors still surviving. But it did in j justice to the much larger number of war and postwar debtors. We cer | talnly have no right to choose our standard to help the few and hurt the [ many,” Dwelling on the danger of ex cessive reinflutlon. Frof. Fisher said; Similar to 1896. "In some respects the present situa tion in the United States is beginning to bear a rough resemblance to the i situation In 1896, when Mr. Bryan made his entry into politics as the champion of inflation. In 1S96, when Mr. Bryan came to the fore, prices had been failing ever since the civil war. "Further neglect of our money problem, resulting as it must, in fur ther inflation or deflation, or both, will bear more bitter fruit. It should be an axiom of economic history that monetary Instability leads straight to class conflict. # Explaining his solution. Prof. Fish er said: "A Mexican gold dollar weighs about half as much as ourH and has less purchasing power. Now. if Mex ico should adopt the sums dollar that we have and that Canada has, no one would doubt that its purchasing pow-’ er would rise—that is, the price level In Mexico would full. If the heavier or the lighter the gold dollar the more or the less will be its purchasing Famous Jazz Orchestra to Play at Xmas Party for Children * These syncopatin' Jim halites make up the famous Earl Fuller orchestra, right from Rector's, New York, after a six years' engagement, which will tune up for fair when they step on the stage at the World theater Wednesday and Thursday mornings for the hig Omaha Bee-World theater Christmas pprty to the youngsters of Omaha. That handsome looking young gentleman trying to hide behind the drums is none other than the renowned Earl Fuller, himself. The charming miss standing in the renter of the group Is Miss Julia Dawn, also from Rector's, who sings lilting melodies while the orchestra accompanies her. power. It follows that if we arid a few grains of gold to the dollar just fast enough to compensate for the loss In the purchasing power of each grain, or vice versa, take away the gold to compensate for a gain, we shall have a fully 'compensated dollar,' a station ary Instead of a fluctuating dollar, when judged by its purchasing pow er.” • Prof. Fisher did not explain how the gold was to be pinched out of existing dollars from time to time, nor how it would affect the stability of tho American dollar abroad. Bee Want Ads Bring Results. City Officials Cheer Christmas of Waifs Mayor J. C. Dahlman, City Clerk C. P. Bossie amt several of the city commissioners visited the Creche. Father Flanagan's Home, St. James Orphanage and Masonic Homo for Children yesterday morning, taking Christmas cheer to hundreds of boys and girls. These children were unable to at tend the municipal Christinas enter tainment at the Auditorium Satur _t...— r day night, bo the city officials went to them with bags of candy, nuts and fruit. The mayor spoke briefly to the lit tle shutins at the Institutions visited. The children cheered Mayor Jim. A red-beaded youngster said ho hope4 to he would he able to vote for the mayor some day. Revelation Comes in Daily Tasks, Pastor Tells Flock 'Taking for his text the story of the shepherds watching their flocks by night under Judean stare, and their finding of the Master, Rev. Ralph: Bailey In his Christmas sermon at the First Unitarian church Sunday morn ing declared that "men today find their most illuminating spiritual ex periences, their realest revelations, incident to the performance of their dally tasks, rather than by scholarly quests. "While each should he a. seeker for truth in great books, by mental effort, and by noting the doeils, thoughts and discoveries of great men, yet religious Inspiration is re ceived in shop, field and market place,” he added. "Revolation comes With the work of the day. The shepherds, watching, saw the star of Bethlehem; the farmer, plowing, linds God in nature; the captain of industry nt his desk sees the tolling multitudes as his brothers; the artist, painting, works his vlsiotl into his picture; the preacher, preparing, tears up dead manuscript and goes forth fired with a message; th# housewife in the home is filled with the great love of family; Jhe precious gifts of God come with the performance of daily duties in every walk of life.” Bee Want Ads Bring Results. One Killed, Four Aged Man Dies in Hospital at Fairbury, INeb., From Hurls Received When Car Strikes Load of Corn. Fairbury, Neb., Dec. 24 —(Special Telegram.*—Paul Sandman, 65, wa.i fatally injured and four young men were hurt in an accident at 7 p. m. Saturday on the Lincoln highway, north of Jansen. The Injured are Cecil McFarland. Wesleyan student, wrenched neck and other minor injuries; Percy llohr Laugh, slate agricultural student, light leg hurt and scratches; (Jor don Jones, state agricultural student, internal injuries; Lynn Grundy, shoul der dislocated. The boys live In and near Fairbury. . Mr. Sandman was walking on the left side of u wagonload of corn which lie was bringing from Harbine, Neb., to Fairbury. The ear in which the boys were riding was unable to pass the wagon on the right sldo of the road and McFarlane. the driver of the car. did not see the man beside the load until too late. In the at tempt to avoid striking him he turned the car suddenly into the ditch, wreck ing it. It Is believed the ear struck the rear wheel of the wagon and over turned the vehicle on Mr. Sandman. His head was crushed. He was taken to a hospital at Fairbury where an operation was performed. He died at 11 o'clock Saturday night. Mr. Sandman Is a pioneer of Jeffer son county. lie hue extensive land holdings here. He moved to Fairbury from H.isbtne about seven years ago, but had been keeping In touch with his farm interests. There are at the present time more than 21,000 varieties of postage stampa in circulation throughout the world. Great Annual After-Christmas %. » * * / 4 In Five Great Groups Your Unrestricted Choice of Men’s Suits ’2450 >3450 Our Entire Stock of Overcoats 50 $1750 Sports models as well as conservative semi-fitting styles, two and three-button and one and two-button, double-breasted. Finished Worsteds Cashmeres Unfinished Worsteds Cheviots Gray, brown and navy blue in striped, checked and fancy mixtures. 4 ' Burgo*»-Na*h Men'* Shop—Main Floor Here’s news of a big event—happens once a year. Hundreds of great warm winter overcoats, the usual Burgess-Nash quality, at a price that undercuts the regular marking of these good coats by many dollars. Tweeds Vicunas S he t lands Herringbones Ulster, ulsterette and Chesterfield models with self or velvet collar. Burfess-Nash Men's Shop—Main Floor All Our Boys Overcoats $8.75 to $12.75 When you are offered absolutely every boy’s overcoat in our fine stock at prices so unexpectedly reduced, it is extravagance not to buy. Boys will find them the kind of overcoats that Dad wears; Dad will find them over coats of the sort he wants his son to wear. Every late material in every new color, tailored with raglan shoul der or plain set-in sleeve. Remark able values! Bur|es*-Na*h Bey*’ Shop—Main Floor Entire Stock of Men’s Fur Coats This is an opportunity to purchase a fur coat for the amount usually paid for one of cloth. Included are black melton coats, muskrat lined and collared with seal or beaver. Marmot fur coats with quilted lining; the collar, cuffs and pockets are beaver trimmed. . .-____I This sale does not include spring coats, tuxedos or full dress suits. m «* All Our Boys’ Suits $8.75 to $12.75 Well tailored of best materials, our boys’ suits are always irreat values; parents will not overlook the oppor tunity to outfit their sons at this low price. Norfolks and plainly styled suits of tweed, homespun, flannel and other serviceable woolens, with two pairs of fully lined knickers. Prac tically all colors; sizes 6 to 16. Burf«fts-N«th Boys' Shop—Main Floor Direct Entrances 16th and 17th Streets on Harney Sale Begins 9 A. M. Tuesday Burgess-Nash Company 'EVERYBODY^ STORE"