Gmdhd-Vteifr freest is at its Best
MORE THAN MONEY NEEDED. •
One of the most popular fallacies that seems en
dowed with everlasting vitality is the belief that
government can cure all economic evils by printing
money. Perhaps this might be done, if government
could only put out enough. No government ever
has. Recently in Russia and Germany printing
presses were operated issuing money until worn out.
New realms of numbers were explored to discover
figures big enough to express the new sums. Value
disappeared. At least it could not be stated in terms
of money.
Not these countries alone, but practically all
others, with the single exception of Great Britain,
indulged in a money debauch during the war. In
flation was the word. Printing presses were put to
• work to provide the currency demanded. The
“money makers” totally ignored all the substantial
bases of value. Everything soared as compared with
money. But no amount of money can add a single
grain to a bushel of wheat, a pound to a ton of coal,
or a ndil to the yardstick.
• • •
This is what is overlooked by those who delude
themselves with the thought that a liberal, never
ceasing flow of irredeemable currency from the gov
ernment treasury will procure happiness. History
teems with incidents that prove the contrary. A
few years ago, in remote China, one needed a wheel
barrow to transport the copper “cash” needed to
purchase breakfast. The actual metal worth of the
coins was more than their money value. In the
latter days of the German inflation experiment, a
mark would not pay for the paper it was printed on.
In Russia the unit rose from a kopeck to a million
rubles.
As to credit- The plight of the wheat farmers
was not due so much to lack of credit as too much
credit. Banks failed because farmers could not
meet obligations, assumed in time of expansion of
credits. Farmers did not suffer alone. Many old
established business concerns found themselves
swept from their moorings by the flood of asset
currency. They were unable to get back to safe
water when the tide receded. Readjustment has
been as difficult and painful in one part of the busi
ness world as another.
• • •
If money were the panacea, all the troubles of
the world would have been solved long ago. Some
thing deeper, more durable, than money is involved.
Adam Smith, in his “Wealth of Nations," stated a
principle many years ago, that still goverr\s:
“No complaint, however, Is more common than
that of a scarcity of money. Money, like wine, must
always he scarce with those who have neither
wherewithal to buy It nor credit to borrow It. Those
who have either will seldom he In want either of the
* money or of the wine which they have occasion for.
This complaint, however, of the scarcity of money.
Is not always confined to improvident spendthrifts.
It is sometimes general through a whole mercantile
town, and the country in Its neighborhood. Over
trading is the common cause of it. Sober men,
whose projects have been dlsproportloned to their
capitals, sre as likely to have neither wherewithal
♦o buy money, nor credit to borrow It. as prodigals
whose expense has been dlsproportloned to their
revenue. Before their projects can be brought to
bear, their stock Is gone, and their credit with it.
They run about everywhere to borrow money, and
everybody tells them that they have none to lend.”
Prudence, foresight, must have a share in busi
ness enterprise, no matter what its nature. Credit
alone is not enough, nor is good intent. Talk of
“Lincoln dollars” will fall lightly on ears of men
who can recall how those dolars went down with the
fortunes of war and rose only when the government
of the United States was restored to its full might
and prosperity. And even the government of the
United States is not strong enough to bolster up a
fiat currency.
CAPABLE AND EFFICIENT.
For twelve years H. G. Taylor has given to Ne
braska faithful and efficient service as state rail
way commissioner. That is a position that demands
ability above the ordinary. To render proper serv
ice a member of the state railway commission must
acquire a technical training, and at the same time
possess a judicial temperament. Twelve years’ serv
ice has equipped Commissioner Taylor to give even
better service than he has given in the years gone
by, and his past record has been of great advantage
to the people. There are those who imagine that
the commission’s sole business is to “throw the
hooks” into the public service corporations. That
the commission must look upon a public service cor
poration as something to be batted over the head at
every opportunity.
Fortunately for Nebraska this is not the mission
of the state railway commission. It is established
to see that, the public service corporations deal justly
with the,public, and that these same corporations
are protected from the socialistic assaults of those
who hold that any big business is criminal business.
Mr. Taylor readily grasped the nature of his
duties, and for twelve years he has rendered splen
did service, lie is recognized throughout the coun
try as a man of ability and training, and this fact
is shown by his being elected president, of the or
ganization made up of members of publie utility
commissions maintained by tha status, lia is s can
didate for re-election to a position that demands ex
perience and ability of a high order. He is opposed
by a man who has sought the office for years, but
who has absolutely no experience in the work and
who predicates his candidacy upon the promise that
he is going to do certain things, either knowing that
he can not do them, or that if he does do them he
may be working injustice.
The services of H. G. Taylor have been such that
Nebraska should unhesitatingly keep him in his
pif lent position.
LEADING THROUGH THE ACE.
John H. Norton of Polk will be the democratic
candidate for governor of Nebraska. Not by grace
of the voters’ assent, but because certain of the
demcratic -bosses of the state determined what is
for their own advantage and acted accordingly. Mr.
Norton fully measures up to the "yardstick” require
ments specified by Brother Charlie. He is a "radical
progressiye democrat,” if you know what that is.
He accepts the dogma of the socialist asfexpressed
in the formula of the Nonpartisan league. He ac
cepts the Bryan tradition of free trade, free silver,
government ownership, and yet can wear his
democracy with such delicacy of poise as to support
John W. Davis, who opposes all that the Bryans
stand for. Except, of course, the desire to be
elected.
As a bit of political finesse, Messrs. Hitchcock
and Mullen have shown the Bryan Brothers what
really shrewd, far-seeing politics looks like. With
Brother Charlie declaring, they have led through his
nee and up to weakness in dummy. If, through any
chance of fortune, Davis and Bryan are elected,
Hitchcock and Mullen are in position to ask for some
share in the spoils. On the other hand, in event of
what seems certain, the election of Coolidge and
Dawes, the onus of defeat falls entirely on the
Bryans.
Discredited by a quadruple defeat. Brother Will
will find it easy to keep his vow not to attend an
other democratic convention. Brother Charlie's
voice will be that of one crying from the discard.
Hitchcock and Mullen, though, will stand as well
as ever nationally. They will have preserved their
regularity, and will have come out of the furnace
without even the smell of burnt wool on their gar
ments.
This is the net value of the deal between the
Bryans on the one hand and the Hitchcock-Mullen
crowd on the other. Skiles, Stevens, McDonald
and other candidates who entered the contest in
good faith were set aside when the time came. The
bargain struck in conference was closed in the com
mittee.
It will be interesting to note the reaction of the
democrats who still regard their party as one holding
to principle. How do they view this pretty little
piece of political stage management. Accustomed
though as Nebraska democrats are to thimble-rig
ging by the bosses, we are constrained to think they
will revolt at this.
HYSTERIA IS QUITE THE STYLE.
Sheriff Endres started something when he
charged Messrs. Mullen and Hitchcock with opening
up an attack on his jail feeding perquisites in order
to get even with him for not following their wishes
at the democratic national convention.
Friends of the local democratic hierarchy com
pletely lost control of themselves. They charge
Mr. Endres with being “hysterical.” In that they
are correct. Endres, however, is not the only hys
terical democrat In Omaha these days.
It may have been hysteria that moved our
worthy sheriff to say such unking things of Mullen
and Hitchcock, but why should he be accused so
harshly?
Dan Butler has said some hysterical things re
cently. Eugene O’Sullivan, who also voted his own
views at New York, brought home some interesting
comments. Mayor Dahlman is outspoken.
All in all, there is considerable hysteria among
local Jeffersonians. Endres is not peculiar In this #
respect. In fact, he seems to be quite in style.
In the death of Harry H. Tammen an unique
figure is removed from the field of western journal
ism. Tammen’s methods were sometimes such as
might not meet everybody’s approval, but he man
aged to gain and hold a mighty influence among an
extensive clientele.
John W. Davis has gone to Maine for quiet while
he prepares his letter of acceptance, but Brother
Charlie will find it quiet enough in the state house
after Thursday.
Cordell Hull admits that the New York bid for
the democratic convention paid off the national
committee's debt of $235,000. Was the show worth
the price?
A German scientist claims to have transmuted
mercury into gold. This does not help any. The
synthetic gold costs more than the other sort.
Houston gets the World Ad clubs meet, and
Kansas City the American Bankers institute for the
next conventions. This is a hint to Omaha.
Down east thtfy say public opinion is curbing the
billboards. Our impression has always been that
their mission was to form public opinion.
Another boy didn’t know it was loaded. His
companion is dead. When wifi parents learn to
keep firearms out of the reach of children?
That congressional committee may not believe
that the country out around Kearney needs irrigat
ing if they see it now.
One perfectly balanced ticket is now before us,
La Follette and Wheeler. Either way around, it
will look the same.
Henry Beal knows what sort, of a season he is
going to have. His murder docket is swelling day
by day.
_• _
A ball player has just been arrested for making
a run, but it was away from home and wife.
r~.— * • N
Homespun Verse
.—By Omaha’s Own Poet—
Robert Worthington Davie
-----*
THE OLD PLACE.
The old place looks ss It long has bepn
Since th« fence decayed and the cows got In.
The weeds are high In the yard where grew
Violets, and the morning dew
Bedlamonded the sward, and made
Jewel like the essenced shade.
The cottage stands as It stood befora,
And the rivulet flows past Its door;
The sparrows chirp and the squirrels play
In the selfsame haunts ad tha earns old way,
Rut paths that Jed through the lane of old
Are gone and tha farmstead lias been sold.
Along In the stream of years we go.
And the homeland dear we were wont to know
Drift* afar with the current, too,
And glides away from our hands and view,
And then, at length we return to see
The forward march of destiny.
t
'
“From State and
1 Nation”
_/
The Wild East.
From tbs 8*n Frsnclsco Bulletin.
"Do we sleep, do we dream or ere
visions about?" Is It possible that In
the refined east have occurred such
Proceedings as those reported from
the chamber of the Rhode Island
senate? Nothing In the wild days of
our frontier life was so fild. Now
and then we may have had a little
shooting, but all that has been wiped
away by the merciful march of civ
ilization. Can It be that In coming
west civilization has deserted the east
—left Its rear guard unprotected? It
Is enough to shock Alkali Ike and
send a shiver down the spine of Yuba
Bill when they read of the doings of
those Rhode Island reds masquerad
ing as potent, grave and reverend
state senators. We were quick on
the trigger in the old days, but gen
erally gave a man a fighting chance,
and never descended to asphyxiating
tactics. "Go west, young man," said
Horace Greeley to the youth of his
time in search of opportunity, but
now, If he wants adventure, excite
ment and some roughing It he^must
go to the wild east.
Nor Is It only In the matter of be!
llgerent lawmakers that the east has
become wilder than the west, for the
lawbreakers are far more numerous
and Infinitely more desperate. Crimes
of violence have Increased at such a
rate that it Is not beyong bounds to
say there are more murders commit
ted in the three leading cities of the
Atlantic coast than to all Europe,
Russia Included. Come west, young
man, if you want to lead a quiet life.
Ford's Railway Example.
From tbs New Torb Times.
Henry Ford's account In World
Work of his success In operating
profitably the bankrupt railway which
he took over aa an appendix to hie
motor factory waa not written for
the purpose of opposing the pending
railway legislation in congress. It la
all the more convincing for that. The
first reason for hla auccea* la that he
operates hla railway like hla factory.
Hla workers do what they are told,
regardless of the name of their job.
Ar^engineer works In the shops If he
has any time left In his day. and
there Is no such thing as overtime
pay for anybody. The Adamson act
was designed to create overtime as
well as to glva 10 hours' pay for eight
hours’ work. The pending hill to
abolish the labor board la designed to
compel "recognition" of the national
unions, with particular Intent to con
tinue their "featherbed ‘ rules. On
one of the leading railways there are
41 rules designed to restrict service
within classifications and 35 rules to
enforce duplicate payments for a sin
gle service. There are scores of other
rules for classifications designed to
Increase pay, or to pay for work not
alone, or to monopoliie Jobs for the
unions. Henry Ford could not pro
duce either service or profits under
such rules.
He la able to defy the railway
unions because he pays higher wages
than the unions Ask or the labor
board awards That Is hla second
explanation of hla railway method.
He has no labor disputes and there
fora the labor board has no power
over him. Hla minimum pay Is about
125 monthly above the general aver
age of the highest elass railways, but
his m*n earn their wages. He be
gan by dismissing 1.200 men. and
now employs about 300 fewer than
th» previous company to transport
2.500,000 more tons. Mr. Ford save
that he worked his wonders with the
aid of a single million of capital. It
appears that he needed In hla opera
tion proportionately about aa much
new capital as other railways. Hla
result is creditable, but not markedly
better than the Improvement on the
change from federal administration
to private operation. There could not
he a plainer lesson against reversing
that "progress'* hack to federal op
eratlon, Its object Is to "mske work"
for the mnss by reducing It for In
dividual*. Henry Ford's wav I* to
Increase production by making In
dlvlduals earn their pay
r-~
Letters From
Our Readers
All letters mast be signed, bat name
will be withheld upon request. Com
munlrstlons of too words nod less
will he si Ten preferenee.
V_—
I,ate, But Why Notf
Omaha—To the Editor of The Oma
ha Bee: I beg to suggest to my demo
cratio friends that they place In nomi
nation for governor of Nebraska the
Hon. Jerry Howard.
His nomination would accomplish
three things:
(1) He could get his name In the
papers more frequently.
<21 He could free Ireland.
(») He could annihilate the Eng
Ugh,PEVAL ERA.
Spice of Life
Irate Diner—Waiter, didn't you sa>
this egg was fresh?
Waiter—Certainly, air
Irate Diner—When, I'd like to
know?
Waiter—The day it was laid, sir.
Anything else, sir?—Cincinnati En
quirer.
A college boy has frats and teams
And also many clubs, it seems
This Week's
Choice Value
Real Estate
Page
i
Which Runs Every Sunday an the
Want Ad Section Is the Short
Road Toward Home Ownership j
EVERY ADVERTISER
Chooses His BEST Bargain for the
Week and Offers it on Sunday J
If you are at all interested in Omaha’s Real Estate
values it will pay you to read the page each Sunday.
The following Real Estate Dealers are regular users
of the page:
i
Rasp Bros,
Schroeder Investment Co.
Chas. W. Martin <& Co.
Sttiht-Bedford Co.
The Renson <t Garrett Co.
Hamilton <t Co.
Shuler <ft Cary
Benson & Carmicheal
Gallagher it Nelson
George <t Co.
Gruenig Co.
S ho pen <ft Co.
T. H. Moon nor Co.
Glover & Spain
First Trust Co.
Semes Hudson Co.
Edic. F. Williams Co.
P. J. Tebbens Co.
Metcalfe Co.
Harrison £ Morton
J. J. Muhihill
J. L. Hiatt Co.
R. F. Clary Co.
Grove-Hibbard Co.
J. H. Kopietx
Hanson Investment Co.
C. T. Spier Co.
F. H. Renner Co.
Payne £ Sonj Co.
I
The Omaha Morning Bee
THE EVENING BEE
AT lantic
1000
1 1 — ■ ■ --w,...
*
Abe Martin J
Mr. Lemmie Peters has worn a
flowin' winsor tie fer almost n
year without success. Mrs. Os
Moss has returned frojn her honey
moon, an’ 'll be at home behind th'
granite ware counter o' th' Mon
arch 5 an’ 10 after August first.
< Copyright. 1 *?4 >
NET AVERAGE
PAID CIRCULATION
for Juno, 1924, of
THE OMAHA BEE
Daily .74,616
Sunday .76,224
Dmi wot Include returns, left
over*. samples nr papers spoiled In
printing and Includes no special
sales-or free rirculation of any kind.
V. A. BRIDGE, Cir. M«r.
Suits* t iked and sworn to before me
tbls Ath day of July. 1924.
W H QUIVEY.
(Seal) Notary Public |
w what you want For your akin trouble
—Kesinol to stop the itching and burn
ing—Kesinol to heal the eruption.
Scratching makes it worse, besides
being embarrassing and dangerous,
but the smooth gentle ingredients of
KESINOL OINTMENT often over
come «he trouble pmtnptly even if it is
severe and king established. Bathing
the affected part first with KESINOL
SCAB hastens the beneficial results.
Rmnot mi alt tlngxutt.
I SUNNY SIDE UP
cJaJce Comfort, nor forget
9W sunriten^rfeile^utget^' j
Brain Leaks.
A lint head Is often saved trouble by a pair of cold feet.
Every citizen should take interest In politics. But each
one should be sure to put eom# principle into it.
We can save 48 cents by traveling between Lincoln and
Omaha In a bus, but we don’t think that much of the 48 cents.
Among other things that prohibition has taken out of
politics Is the headaches.
The prophecy that a fat man will never again occupy the
White House isn’t enough to induce us to waste any time in
reducing. *
A dog perspires by working his tongue. And that's the
only way a lot of politicians ever work up a sweat.
If the demise of Ross of Lexington has occurred since he
was last a candidate for president we have overlooked It. If
he is still alive we insist, that a very likely and undoubtedly
receptive candidate has been overlooked.
Life Is full of unsolved mysteries. Why is it that when
! we want a second cup of coffee there is never a waiter within
beckoning distance, while there are a dozen hovering in the
offing when one is not needed?
I Noting the various rules and regulations necessary to pre
I serve health and life these days we are puzzled to understand
how a lot of us oldsters managed to live until our 'teeni.
There are several of us Nebraskans who have not yet baen
nominated for vice president, a fact which we take pleasure
in calling to the attention of those who contemplate the or
ganization of new political parties.
Judge Ben Baker succumbs to the lure of the "Hell and
Maria” pipe and for the first tifne in his 70 years tackles Lady
Nicotine in the briar. We know a few lawyers, however, who
will vouchsafe that Hell and Maria” is nothing new to the
judge.
The round the world fliers are coming to Omaha. We hope , ,
Omaha gives them a royal welcome. But don't forget the boys
who are carrying the mail through the night every day of the
cear and In all kinds of weather. It's the regular perform
ances that count In this world, just as much as the spectacu
lar stunts. For instance, the tortoise and the snail.
Now that Nebraska women may be called upon to serve
on Juries in this state, we wish to advise the presiding Judge
of the district court that we stand ready to perform our duties
as a loyal citizen.
Silver touches a new high mark in the metal market Could
that by any chance be a response to the nomination of Wil
liam Jennings Bryan's little brother?
Ira B Lorenz, republican national committee In Wisconsin,
resigns to help the cause of La Follette. What could anyone
expect of a man named Ira?
WILL M. MAUPIN. I
r==- --J
And when we run fhe roster through
W* find that he has classes, too.
—Louisville Courier Journal.
OSTEOPATHY
Corrects and keeps the
body mechanically fit.
SATURDAY SPECIAL
Rome Special AC*
Tea Bone Steak,
Minute Style O’Brien Potatoes
Hotel Rome Cafeteria
Open 24 Hours Every Day
