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About The frontier. (O'Neill City, Holt County, Neb.) 1880-1965 | View Entire Issue (Sept. 11, 1919)
_ « . _ CAUSE OF HIGH LIVING COSTS >ge Credits Be Lessened and Infla tion Stopped So Normal Con ditions May Return. Washington, Sept. 8.—Republican financial authorities in congress have leen forming definite conclusions as to the high cost of living a careful analysis of all the conditions and have come to the conclusion that it is due mainly to the cheapness of the dol lar, combined with six years of lack, on the pari of the administration of I attempt to find a remedy. Thus Chairman Fees, of the Re publican Congressional Committee, points out that there should be a gradual contraction of credit in order to bring prices down as soon as pos sible. Representative Maddon, of Illi nois, says: “We have already ex panded the currency about $13,000,-; 000,000 by making loans to people who J had to buy government bonds and who had not any money otherwise with which to buy them. More than ninety per cent of the 30,000,000 people who bought bonus did not have a dollar with which to pay. The banks had to loan them. They had to take these bonds and put them up as collateral security w’th their own notes and get them rediscounted by the federal re serve banks. The federal reserve banks didn’t have any money to loan and they had to issue federal reserve note currency—thirteen billions of ex pansion.” In the course of his statement on , -d~. the suject Madden was interrupted by Champ Clark, leader of his party on the floor and a supporter in 1896 of Bryan’s dictum that the govern ment stamp on a piece of leather would mane it as valuable as a dollar. “After the Civil War,” said Clark, “a dollar of paper money was worth somewhere between forty and sixty cents. Now a paper dollar is worth as much as the gold dollar.” “The gold dollar,” explained Madden, “is not circulating. The federal reserve notes alone are in circulation.” It is recognized on the republican side that the doubling of the produc tion of gold before the war and the vast extension of credits during and since the war have cheapened the cir culating medium so that it will buy but one-half of what it did before, but republican members say the dem ocrats made the hypocritical pretense that they would reduce prices by do ing away with the protective tariff; that this only took away the power to compete with Europe in produc % tion and in 1913 hundreds of thous ands were thrown out of employ ment; that the true way to reduce prices fudamentally is by boosting the value of the circulating medium, as Dr. Fess says, by contracting cred its, and that until this is done the problem will not be wholly solved, though everything possible should be done to prevent hoarding and to stim ulate production. September 1, Crop Report. Corn deteriorated to the extent cf 10 per cent during August making the September 1 condition 71 per cent, according to the latest estimates of A. E. Anderson of the Bureau of Crop Estimates and Geo. A. Williams of the State Bureau of Markets and Marketing. This condition indicates a yield of 25.5 bushels and a product ion of 172,402,000 bushels compared to 123,086,000 bushels last year. Corn is very uneven, ranging from a failure to an excellent condition. Parts of south central, cetral and most of northeastern Nebraska have good corn. The southeastern quarter of the state with few exceptions has a very poor crop. The condition of spring wheat at the time of harvest was 47 per cent, which promises a yield of 8.5 bushels and a production of 6,870.000 bushels compared to 9,663,000 bushels last year. The yield ranges from a failure to a fair crop. Some western and central counties have fajrly good yields and with a comparatively larger acre age makes a higher state average than one might expect. Spring wheat ripened too fast in eastern half of the state and black rust was also a factor in reducing yields. The total product ion of both spring and winter wheat is 55,870,000 bushels compared to 43, 141,000 bushels last year. The condition of oats at the time fo harvest was 85 per cent, which should make a yield of 32.3 bushels compared ;o 22.2 bushels last year. The pro iuction will .approximate 74,387,000 compared to 56,188,000 bushels last /ear. The southeastern quarter of the state has a better oat crop than north casern Nebraska, which is rather un lsual. r ne condition oi oariey at tne time >f harvest was 83 per cent from which i yield of 25.7 bushels may be ex pected, and a production of 7,951,000 mshels compared to 5,660,000 bushels ast year. Barley and oats are nearer lormal than other grain crops this iiear. Barley is gaining favor as a ?rain crop and the acreage has in ;reased considerably. The potato crop will be short this year. The condition which was gen erally very promising previous to July has now been reduced to 52 per cent of a crop. The commercial potato crop of western Nebraska, while slightly better than a half crop, may turn out less than half of last year’s production as the acreage is smaller. September 1 condition indicates a ; total crop of 6,458,000 bushels com pared to 10,406,000 bushels last year. | The western Nebraska crop was very good last year, while the general farm crop of potatoes was very small. The average yield of the first three cuttings of alfalfa is 2.9 tons per acre compared to 2.1 tons last year. The first two crops were generally very good while part of the third crop was light. Some counties will have a fourth cutting. The total production will approximate 3,480,000 tons, com pared to 2,527,00 tons last year. The average yield of wild hay is 1.1 tons per acre compared to .8$ tons last year. The weather was generally very favorable for harvest and the quality of hay good. The production should be nearly 2,989,000 tons com pared to 2,285,000 tons last year. Sugar beets have improved despite previous unfavorable conditions and insests and promise a satisfactory crop on an abnormally large acreage. There are 15 per cent less swine than a year ago. Last year’s swine crop was very large. However, Ne braska probably has as many swine as the short crop of corn will feed this year. Estimates of important crops for the United States are as follows: Corn, 2,883,356,000 bushels compared to 2,582,814,000 bushels last year. Oats, 1,232,559,000 bushels compared to 1,538,359,000 bushels a year ago. Spring wheat, 204,907,000 bushels compared to 358,651,000 bushels last year. All wheat, 920,208,000 bushels compared to 917,010,000 bushels a year ago. Chambers Items. Chambers Sun: After suffering for several weeks with blood poisoning, Albert Leonard had the middle finger of his left hand taken off last Thurs day, at present writing the hand is doing as well as can be expected. Herman Holcomb dropped into our sanctum sanctorium, Tuesday evening highly elated over his first joy ride in an aeroplane. Having enjoyed that sensational ride last Saturday even ing at Atkinson when he went up with Prof. Stratton. Herman says he will have an aeroplane of his own next summer. Mrs. J. D. Grime3 returned home last Thursday from an extended visit with a sister in Pennsylvania and brothers, neices and other relatives close by. This was Mrs. Grimes first trip back since she left there forty-five years ago. After having a delightful visit with all her kin she is quite pleased to get back to Good Old Ne ...iiimiiliiiiiiuiit,. braska, His Need. “Hey! You there with the sorrel top!” snarled a customer in the rapid fire restaurant. “My order’s been in twenty minutes adn I don’t want to wait all day for it. See?” “What you want ain’t what you need-” retorted Claudine, the waitress. “You need a book of etiquette. If manners had been raining donw from Heaven forty days and ights you’d still be a rube. Try that on your canary!”—Kansas City Star. We regret to record a very narrow escape from death which the vicar of Windham experienced.—West Sussex (Eng.) Gazette. ... | It Helps Your Neighbors | Today all our affairs are so closely related that circumstances and conditions which have a bearing on the welfare of your neighbors are JJ usually bound to have some effect on your own personal affairs. §H For example, if several farmers in the county were obliged to sell their property at a sacrifice this would have a tendency to hold down the price of your farm along with the rest. On the other hand, if it becomes a subject of general talk that farms in this vicinity are producing well and farmers and stock growers are .making money, you can see it helps the entire community. Money deposited in the Bank by your neighbors helps you. WHY ? Because to a large extent the prosperity of a community is judged by U many business and financial interests by its general bank deposits. If your county as a whole has a favorable reputation it benefits all because it gives us a better credit standing and leads to business being done on a more liberal basis which is bound to help each of us. It is pretty sound judgment to state that the Depositors’ State Guar antee Fund of Nebraska is having its effect for the general good of every resident of the state. The safety which it assures any depositor in a State Bank is bringing large increases in deposits to all banks under State Supervision* That helps you and your neighbors. I NEBRASKA STATE BANK, O'NEILL j Copyright till by R. J. Reynolds Tobacco Co. ..w NO use arguing about it, or making chin-music in a minor key! If you’ve got the jimmy-pipe or ciga rette makin’s notion cornered in your smokeappetite, slip it a few liberal loads of Prince Albert! Boiled down to regular old between-us-man-talk, Prince Albert kicks the “pip” right out of a pipe! Pl:s pipe pleasure into the 24-hours-a-day joy’us class! Makes cigarette rolling the toppiest of sports! P. A. is so fragrant, so fascinating in flavor, so refreshing! Prince Albert can’t bite your tongue or parch your throat! You go as far as you like according to your smoke spirit! Our exclusive patented process cuts out bite and parch! Toppy red bags, tidy red tins, handsome pound and half-pound tin humidors—and—that classy, practical pound crystal glass humidor with sponge moistener top that keeps the tobacco in such perfect condition. R. J. Reynolds Tobacco Company, Winston-Salem, N. C. 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PROTIVINSKY !H Phone 215 ^ O’Neill, Nebraska, p f'
