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About The Red Cloud chief. (Red Cloud, Webster Co., Neb.) 1873-1923 | View Entire Issue (May 24, 1923)
WW'' RED OLOUD, NEBRASKA, CHIJSJ? A philosopher Is ono who has learned to not complain about tho tilings ho can't holp. Tho wonlhor will soon ho warm onough ko tho girls can put on thilr Bitunncr furs. A Harvard man In so lazy that ho wishes It was possible to cat and sloop at tho snuio tluio. Somcono remarks that an unndvor tlscil business Is like a fi-cont cigar, fc doesn't draw well. Don VuuDouscn decides that nil golf era nro not good liars hut a lot of good liars nro golfers. A good deal that passes for culluro la in pretending to like things you don't care two hoots for. I ought to he hurd boiled. Nebraska editors and other good friends put mo in hot water often enough. Tho average mnn will work harder to splto an enemy than ho will to win the applause of ndmlring friends. Someone remarked that ono advan tage of tho telegraph Is that no ono uses it for sending bedtime stories. One Nebraska merchant refuses to advertise because it would bring bo many strnngo people Into his Btoro. Speaking of bad habits, It always makes mo mail when a person who Is 90 pounds overweight roasts mo for smoking. It should bo roinomberod that adver tising is not an index of business, it is a creator of business. So says a wise man. I know a high school hoy who spornlH more for haircuts than his dad did for clothes when ho was In high school. ,1', , I ULt'-Kn'V- 'n8tCacl f ahA' J It. Is suggested that Instead of abol ishVig'ttio $2' blfl wo should change "Alts'pttUVliiK.i'so It will again ha t.v-.vorth a dollar, A rooster In a rainstorm and a din ing car waiter out of uniform are tho world's two most outstanding Instances of lost olegauco. When Tho nons Is sick I tell her it is all imagination. Hut when I am sick It is the real thing and I need all the care I can get. Many a mother gets flowers on .Mother's Day who has to do without necessaries of life somo of the other 3C1 days of tho year. Put an nvcrago hunch of city men Into overalls, plow shoes and jumpers and they won't show up as well as the same number of farmers. Now that tho weather Is warm enough to havo tho doors and windows open Tho Doss again allows mo to Dinoko long green tobacco. A Harvard woman Is so stingy thai sho takes her falBo tooth out overy night so sho won't wear thorn out by grinding thorn in her sleep. It is popular Jo call human Ilfo sacred but when' a man acts llko a savage boast why not treat him the saiuo as any other savago boast? Dad Shields says that aftor a mnn looks ovor tho husbands other women select ho is inclined to congratulate his wife bocnuso of her good Judg ment. If tho price cutter in any lino over gets to houvon ho won't stay there. Ho'll sell his neat at a bargain price and havo to go and live in tho other place. Jvo got a pretty good opinion of mjHolr but I don't thjnk I can toll Charley Bryan nnd Warren llardlns how to run tho affairs or tho state and nation. Henry Ford wants papers that piint his display ads to throw in n bunch of free readers. Did anyone over kit Honry to throw in a barrel of oil with a illvver? I havo instructed my attorney to start a libel suit against Kdltor Canl ner ot Elgin. Ho says I couldn't gi ; tho booby prize nt a luridly show and that I am as popular with the woimn as a boil on the back of tho neck. Too many pcoplo think they own a thing when they buy it on credit. A nowspnpor man should not bollovo all ho hears but ho should hear nil ho can, Tho Baturday Eyenlna, Post Is a good, ntoralold soul, but,' like some vwiui f,yw, uiuiui vu auuin, u huuhih &y.iL?3 TZTrr,irnv ?' vkw u-j itKl. Vi-. J j . - .. COSINESS CHAOS N EDISON-FORD MONEYSCHEME Expert Shows How Commodity Money Would Make Worse the Evils It Aims to Correct. MEANS SPECIAL FAVORS AND ADDITIONAL TAXES Would Open Way for Political Med dllno With Business and Compli cate the Conduct of Trade and Finance. Tho weaknesses of tho Edison-Ford commodity money scheme to abolish tho gold standard and do away with monetary Instability, Interest charges and speculation In farm products are exposed by William T. Foster, Direc tor of tho Pollack Foundation for Economic Research, In an artlclo In tho Proceedings of the Academy of Political Science. Ho shows that tho only result of tho plan would ho to aggravato tho evils It alms to euro, Thcro is presented herewith the ft rat of n series of articles, prepared by tho American Bankers' Association, ro vlowlng Mr. Foster's argument. Tho plan provides, Mr. Foster ex plains, for government built, owned nnd controlled warehouses, to which producers might bring basic commodi ties raised on American soil, on which they wish to borrow money. A gov ernment ngent would grade tho pro ducer's goods and hand him two pieces of paper a mortgago certifi cate and an equity certificate. Th Edison-Ford Plan Tho mortgage ccrtillcate could bo exchanged at any national bank for Federal Hescrvo notes up to 50 per cent of the average valuo of tho goods for tho previous twenty-five years. In this way tho producer would obtain a loan of money without incurring any expense for the uso ot tho monoy and no wouiu sun own tuo goous. "IIIs cmjlty certificate Is his evi dence of ownership," Mr. Fo3tor says. "Ho may keep it, soil it or present It at a bank as security for a loan. He or anyouo to whom ho sells It can pro sent it at any time within a year, to gether with tho exact amount ot mon ey that has been loaned, and receive the goods. "If the goods nro not removed with in ono year tho Government must sell them and thus get back the money it has loaned. This Is to prevent an ac cumulation ot goods and to mnko sure that the money will bo self-canceling. As scon as tho farmer repays the loan or tho Government sells the goods an amount ot money Is de stroyed equal to tho amount that was advanced. This, In all essentials, Is tho Edison commodity-money plan. More Taxes "Moat men will he Impressed by tho fact that it Involves additional taxes, additional corps of political appoint ees nnd a vast extension of govern ment control over industry. If the special prlvllego of borrowing mon ey without interest is really a boon nnd Is granted only to certain groups ot producers, tho list to be changed from time to tlmo, somebody must de cldo who are to bo tho favored groups, and whether that somebody is Congress or Federal warehouse direc tors who ore subject to portlsan ap pointment nnd removal, the question who Is to receive free money will un doubtedly remain In politics and will recurrently become of groat moment as election day approaches. "Mr. Edis,on contms that his com modity dollars will be sounder than gold dollars because 'there In the warehouse lies the actual wealth, the things we eat and wear and must con sumo to live.' At first, ho says, only a fow basic commodities are to ho ac cepted, such as grain, cotton, wool, rice, legumes, fats, flax and tobacco. Manufactured articles, ho warns U3, will not ho satisfactory for this pur pose. "If, then, a warehouso full of tobac co guarantees tho soundness of the notes Issued against It they must bo redeemable In tobacco. They aie, In fact, Federal Tobacco notes. Tho plan must provide In like manner for Fed eral Flax notos and so on. Further more, thero would hao to be as many dlfforont kinds of tobacco notos as there wero grades of tobacco. Every ono who used money In exchaugo would need to havo at hand the latest market quotations on all products ac cepted for storage, ai they approached In market valuo tho established loan valuo, In order to estimate the relative Millies of dlfforont kinds of dollars. Salt Cod Notes "Everybody would havo to observe carefully whether ho had Grade A Kippered Herring notes or Grado X Salt Cod notes. If thero was a strike of bituminous coal miners ho would hoard Bituminous Coal notes, If there was a slump in cotton ho would try to got rid of Cotton notes. "Consider, on tho other hand, tho simplicity and dcflnltcnesi ot a gold secured dollar. All tho world knows . .w wo i , Sl-Xt 1 All Ik. ..1J rl..AI. 4. ..1,1 every market. It is readily tested, stored, preserved, divided, transport- wl fhMAAiinii tlmfA nrn (lift tfrtlil rn tilt iillft v v'l t lliuii- uiu iu h'u ' I serves, maintained for tho very pur pose of conversion and for no other ' and available on demand ' "From one of Mr. Kdlson's nuthof- Inntt Hlnlnn.ii.iln I. ,. ..... . t t II a n t in, S ' Itl'll oiuiujlfl'llia, uunuivi, iv ouu.il-j that his plan docs not provide for Federal Tobacco notos, Federal Fish notes and tho like. In fact, it provides for no now kind of money whatever. No matter what commodity tho fnrmer deposits with Federal agents, ho takes his mortgngo certificates to a national hank and thore exchanges It for Fed eral Rescrvo notes. They are Just llko any other Federal Reserve rotes, "Very well. If there Is nothing more than this In tho much-discussed Edi son plan for a commodity money that Is sounder than gold money this par nf tho plan vanishes Into thin nlr. Tho Edison money is not sounder than gold money, for It Is gold money." BANKERS CAUTION AGAINST INFLATION By J. H. PUELICHER President the American Bankers Association A recent meeting of tho Executive Council of tho American Dankors As sociation, attended as It was by rep resentative bank ers from every state In tho Un ion, afforded an excellent oppor tunity to get a cotnpo3lto v i o w of tho business situation in the nation as a wholo. Representatives of agriculture wero present at i 'd!iglftPS ). H. Puellcher the meeting. They aicde it clear that the upward trend 51 affairs in business had not yet fondled the farmer and that his posl tlon of having to pay a relatively larger prlco for what ho purchases as Compared with that received for what lie sells should ho given tho most thoughtful consideration. Thero wero also present men fresh from observing and studying condi tions In Europe Whllo they lent en couragement to the belief that Euro poan affairs are slowly very slowly righting themselves, there Is In the feeling generally expressed by Ameri can Imukcrs a distinct note ot caution. Questions of the Hour Ono hears the questions every where asked: "Aro wo going to per mit American affairs to rldo again into a situation of extremo Inflation, .lih will, as wo all know, bo fol lowed by another period of doprcs slon'.' Had we not bettor keep busi ness on a normal keel by not going too rapidly? Should not tho banker bo sounding a noto of warning to busi ness mon generally to keep their af fairs well In hand?" Tho charts Indicating tho trend of business show that wo are approach Ing the high point which followed the war. This should bo tho signal to the conservative business man that ex pansion must bo definitely controlled and that reasonable conservatism should bo the order of tho day. To many this may appear the -pes filial: i.' of the banker, but let mo say that thi banker Is In a position to keep h's ti:"?ir on the pulso of our economic itnitlon, and when there Is such n coos n im on the part of many banker that w aro passing the safe ty point nnd Unt wo aro riding into another period o' inflation such opin Ion should not ' looked upon as pes sialism, but rather ns the advice of thos whoso busln. us can prosper only as thero iH k n ral prosperity. The banking situation In America Is sound and can only lie harmed by un due credit expulsion. Tho banker should sue that expansion does not again gain tho headway that led us Into trouble before, and tho business man should do everything possiblo to support the banker, thus avoiding an other period of costly deflation. Socialism's Worst Blow One oi tho most remarkable In stances in history of tho abandon ment of a groat belief is presented by Premier Mussolini of Italy. Formerly a rabid Socialist, bo la now, with the responsibilities of state, so thorough ly converted to sound business prin ciple that ho speaks of the present order under "the- glorious name of capitalism." Mussolini, who in many ways represents the harden blow So rtalixir h:i3 received, reconilv aald: "It is my conviction that tho state must renounce Its economic func tions, especially thoap of monopolistic charm tor- that a rnvnmtnent which wants quickly to uplift Its own peo ple nuint give fn i "'ay to prlvalo en-torprl-e nnd t- u . any mrasuro of state control m itato paternalism, which may K.v'-fv domnsngy, hut. as' shown by I'Spcrloucc. will turn out to bo absolutely fatnl to tho interests and economic devolninrent of a conn try 1 do not believe that that com plex of forces which In industry, agri culture, commerce, banking and trnnsport, may bo called with the glorious name of capltnllsm, is about to end, ns for a length of time It was thought It would by several thlnkors ot social extremism. Ono ot the greatest historical experiences which has unfolded itself under our own yea has clearly demonstrated thnt all systems pf associated economy which avoid free initiative andi.lndl vidua! Impulse, tali more or less pit MUtly In a short lupjo'ot time," lis 7 m: jmm IS THRILL IN HUNT Malaysian Buffalo Worthy of Pursuer's Skill. Saladang Absolutely Without Fear, and One of the Most Ferocious Beasts of the Jungle. The salitdang, or Malaysian buffalo, is the most dangerous animal on earth. So, at least, thinks Mr. Charles Mayor, the iiiiliiial collector, who, writing In Asln, describes a thrilling experience that he once had In the Jungle with one of the fierce brutes. lie adds sig nificant ly that not one full-grown saliidiing bns ever boon captuied ullve. At sundown, ho says, we were ap proaching tin opening where we In tended to make camp when we heard a crashing ahead. "Saladnngsl" Bcrenmed my Malay trackers nnd, dropping everything, Jumped for the trees Just as two of the brutes came charging down on us. I Jumped buck ward and made for u tree, and ns I pulled myself up I saw the bull sala dang catch my gun bearer All on his horns and toss him. 1 slipped to the ground to get my rifle, which All had been carrying; but I had forgotten tho other niilmal, which Instantly chnrged. I dodgeil behind a tree Just In tlmo and us the beast rushed past slashed tit her with my parang, and she plunged bellowing Into the Jungle. Then the bull turned on me, but I swung up unioiig the branches out of his reach. I llred down tit him repeatedly with my revolver, but the little bullets had no effect, nnd my rllle with Its dyna mite cartridges was on the ground. Night enme on, but the suhtdang did not cense hh watchful waiting. Mean while my thirst became terrible, nnd nnts and mosquitoes swarmed over me. Motnlig ctime and wore awaiy to noon, nnd still tho boast made no move to deport. Finally I culled to my men, who were scattered through the trees neur me, to Join mo, nnd they swung from limb to limb until wo were together, with tin: Kaliidaug beneath us bellow ing and pawing. Resides our parangs we Iwttl four spear and three krlses. We cut some stout, straight branches from the trees nnd to thorn with strips torn from our sarongs bound the krlses, which happily were poisoned In the Malay fashion. I knew thut they would kill u man In a few minutes, but I was not sure what the effect would be on the large and powerful saladang. We next (landed a bunch of leaves In front of the bull, provoking him to chnrge upon It, and whenever lie came within reach wo lunged tit him with our krlses and spears. Aftor an hour the poison had seemingly not uft'oeted the bull In the least, uud we were not situated so that wo could give him u death wound. Evening came on, and I wus begin ning to fear that we should have to spend another night In the tree, when I observed that the great beast was showing less fury, lie began to sway upon his logs. Aftor n little while he started to totter uwny. Rut his strength was going fast ; his head drooped ; then lie wont down on bis knees, bel lowing weakly. Presently his bind quarters slumped and blood began to flow from his mouth. I dropped from my perch nnd, step ping quickly to where my rllle was lying, raised It and put him out of his misery. Even though he hud routed us completely, had kept us treed and had killed my good friend and assist ant All, I felt sorry for hlni. lie had been victorious utmost to the very last. Youth's Companion. Biographical Lore Neglected. A book has boon published contain ing the reminiscences of nearly every body who knew Robert L. Stevenson very well. Such n work about Theo dore Roosevelt .would (111 n bookcase. We .should like to see the personal recollections of all the friends uud no qunlntunces who Ki ew (). Henry In Texas, where his llrst literary work was done. This Is a field of his en deavor which has been singularly over looked. TIuto are other bright lights In lit erature of whoso personality n read able and Instructive record might be made before they have receded too far Into tho past William Dean How-ells for one. Note how assiduously every shred of Information about lWgnr Allan Poo Is still sought nnd published nnd the last reninnnts tlmt pertain to Walt Whit man, oven his scattering contributions to New York JournalNni. Everywhere, and so often, the chron iclers wait until too long aftor the passing of distinguished literary men before beginning their researches. While their contemporaries nro still nllve Is the tlmo for the harvest. Ex change. J. L. Tiair; went to Kansas City it. charge of the stock shipped from here Sunday morning. 1 have on hand u Kimball I'lann nearly uew, which I had to take back and'will sell It tor just tho balauce ilup. If interested write me nt once. A. O. Cline, 1.113 Douglas St., Omaha, Nebr. A REAL SNAP IN A PLAYER PIANO, GUARANTEED. NOT A SCRATCH ON IT JUST LIKE NEW. WRITE US FOR PRICES AND TER. ZONA BERG &SON, SU- j W.VJV.W I Place Your Coal Orders Now The Mallone wvwwwwv Northeast Pawnee On last Friday night occurred the worst storm In this pnrtof Smith coun ty for a number of years as far as pro-'fight fan's, who crowded into the perty damage is concerned. It started j Elks hall Friday night to witness In about II o'clock a general electrical the first bwing contest under ths storm with high wlud and heavy raiu auspices of this club, with some hall but did not reach its Complete satisfaction was nppai greatcst intensity until after midnight. 'CIlt with thc main g0 bctweon Those who were already in bed and nUBty Evans of Fremont and "Kid" ast asleep were soon awakened by ' JlorI of shclt fo). Wg ,r mixe(, he fierce wind Intense rain and bail fm. 1Q ,,, , , f battel lug on the w udows wh c h in! ,.f. , ., ... many instances soon gave way giving eJt,flc CXhiJ'tl " r SC m access to full ventilation to. hoiunmu.,100"! nren.n- " " , mote than was ilesii able or beneficial I rhe"e boys 1),ovcd bc-voml doubt to health Mil red all to action as to self. tlmt they wc,c to'' ntchers in their preservation ami hilly reminded them clasf' Thcy s"owcd everything that that It was a storm of no small mum- II fK"tcr can have and a knockout cut Though much excited during tho was prevented only bv their own uigbt they did not lealizo until u . stamina to withstand punishment. Hurtling the full extent of the loss or I Thr ughout the first rounds Mor tbe lmvoc the tempest dNplnyed. Their, cj had the best of tho exchange of jard-. were strewn with thidgles many punches and had Evans blo?d'r from windows bioketi, uliiukeu e iops over- bun s oer thc eye:, bu: In tV last tiiriit-ii and smashed, wngot s uud bay-'two rounds Evans forced the fighting r.ieks diiven Iroin ibier pbice and up. 'to come out with u draw. sit bs well as muiiy pigs missing i-spee-j The house was evenly divided for laily on cieek farms A putt from the this rail' of fancy sciappcrs and they foregoing which in a sense was but ukH a ,aml nfter' cverv roumli Theh. miner loss .Iocs not end theie, the exhibition more than made up for damsgo sustained by the washing out the SOmi.vind up, which was the of corn and tho covering under of au immense number of acres throughout till (tritllltl UMIk atlll MfoulK ue Ittiill fin .... ,., . . . , Kudu.-,,-, nun pui.iiu puii-Mi-3 inure ui i less icjured. The farmers in goneral made consid erable headway listing during the psst week, the msjoiity ate finished though it will take or kill another week to lluish up the balance. HN-phuniig washouts etc if not done will be minus a big acreage Sauitilay lust succeeding the s'ortu was a general holiday in this northeast comer and probably in the whole coun ty as fur as general farming is concern. ed so the families divided themselves each to their own vocation. The',was stopped women folks devoted themselves to bouse cleaning, gathering up debt lb and broken glass etc. The men folks put tin nisclves to action on raising war on too two greatCstfnomies tho farmer has to contend with crows and jack rabbitts and all made a very good suc ojss according to the short time nt training. Carl Itrown and Charley Wrny both killed IS jackrabblts In n short time, Ed Elliott took down S crows with ono shot, Everett Myers not so good still not so bad landing down o at one time. Besides the part ial elimination of the nuisance as well as the sport enjoyed they are entitled from the county a bounty a sum amounting to live cents a piece for each ear ami ten cents for a crows head as well hs having the flesh to thftnsel vex which is equally divided between thninselvfs and the chickens. By the way, although the waiter is not any way suspicious, caro has to be taen that those heads and cars are not pre sented or offered for cash the second time as there is nothing to good or too bad for some fellows down there Mr and Mis. .John Collins, Miss Mabel Collins, Edgar and Jim Leada biHinl and Con McCoalc attended an Ice cretun party at Mr and Mrs. Beu Die Mohler'b last Saturday night. Mrs. Rob Lannigan, Carl Brown and Charley Wray were doing their trad inc at W outer last Saturday. Mr. and Mrs. Frank Ryan, Mr and Mis Jim Ryan woio in Red Cloud the end of last week. Herb llai bet-was doing his trading at Duckervillo last Saturday Pat (Joiildle was visiting bis folks Mr. and Mis. Eveiitt Myers last Sun day and hauled a load of alfalfa from there next day for his trouble tvnilng ovor. Edgar LPiulnbraud and Bontilo Molt K-r wore in Red Cloud la9t Friday tran sacting business. Lewis Pagett and Ed Elliot were do ing their trading at Wouior last batur day evening. Mr. and Mrs. Fred lirovm wero in Smith Contor last Friday getting as far home as Mr. ami Mrs. 0. Dllka's place in tho Cora vicinity Immediately hnfnrn the storm started. Both being glad to bo Insafe quarters with a friend but as his car wbb iu an exposed posl- tlon he was minus the top in the morn-loft- Mr. and Mrs. Harvo Blair were in Smith Center tho end of last weok. rr..ku..j O.nlfii TTnnnnv- Mnn. Ira WUlUms were doing their tndlpr .t WomBr one day last week. ' ' - Gelatly Co. -VI ELK'S FIGHT BILL PLEASES 300 FANS Let's have more of it. This was the sentiment of 00 fi easiest of matches ever attempted. Rcfe.ee Frank Gushing stopped this hout !n the second round because of the racing tactics or Fred Mc?heeter. of Red Cloud. Art Magirl. local bat tler, was as surprised r.s the fans, for he hadn't struck a blow. McPheetcrs acted more like a scared gazoof than a fighter. He was told to stay aivaj; from Magirl and must have thought he was told to break a sprint record. He took the time to introduce some gymnas tics and when he let go of thc ropes to leap like a monkey nt Magirl they both went to the mat r.nd thc bout "He was scared to death," a spar ing partner sa'd in the diessing room. The fans Untight thni -it was a comedy for the f'rst round, but ns thc racing continued in the second round they knew it was the best Mc I'heeters could do. Surprise came in the prc'iminnrios or Jake Blum, Hastings lad, was knocked to the ropes in the first round ami was saved from a K. O when thc referee gave the fight to Mike Dale of Grand Island. The C round bout between "Kid" K-'rk of Hastings and Walter Charl ton of Giand Island was good enough to have been the semi wind up. Charl ton met a little scrupper in Kirk and thc mixing was delightful all the way Charlton had the advantage of age and weight, but he was lucky to get out with a draw. From the standpoint of satisfaction every pers n who attended tills ciiar ity boxing carnival was cnt'rely pleas ed Moie mills of the same kind will make Hastings one of thc best towns for this kind of sport in tho state. Hastings Tribune. Mrs. Minnie Throckmorton return ed home Saturday evening on tinin It after spending the past few days in different towns over the slate at tending to matters in connection with the D. of II'. loe'ge. Win, Brown returned homo t.ist Tuesday .evening from Kellier, Minne sota, where he went a couple of weeks ago with his .-on, Albert and wife. T.icy have been spending tho w'nter months here with his fader. The Margin of Safety Is represented by the nmount of Insurance you carry. Don't lull yoursolf Into a fancied security. Because fire has never touched you it doesn't follow that you're immune Tomorrow -no today, If you have time and you better find tlmo come to the otlloe aud we'll write a policy on your house, furniture, storo or merchandise, LATER MAY BE TOO LATE- O. C. TEEL T ".' ' j RleUflble IriSUra.nCe I h' --; . M it' Arww, tkUrii u IPBKIOB,; NHUBASKA. wfifAMfl WW rr.t. - :Jt1 'it.v -.!. .( Jk'SX1