Muncie Post-Democrat, Muncie, Delaware County, 6 January 1922 — Page 3

FRIDAY, JANUARY 6, 1922.

WEEKLY LETTER CLAUDIUS GALENUS -

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“Foxe shave holes, and the birds of the air have nests; but the son of man hath not where to lay his head—Matt.

8:20.

(■ How cawe the foxes to have holes? Simply, because they dug them. The son of man during the good days of prosperity, took no' thought of the ihorrow, and his gross turbulence made him wretched with no place to

lay his head.

. Di

luring 1921, the year of re-construc-tion, we experienced “hard times”.

The merchant had his “dollar sales”,

the laborer accepted a job at any wage, and the farmer, the good friend to all, <4 flew the coop” with the birds <d the dir. ' r '; The year Nineteen Hundred Twenty Two holds much good in promise. We all hope to be “settin’ pretty” before long but at the same time a great

deal of re-adjustment must be brought

about. Prices and wages must be equalized and the unpleasant economic pressures must be adjusted for the good of all. Diplomatic and financial affairs with foreign countries must be

settled soon. -" 5 .

Secretary of Labor, Davis, in his new year urges all to “pull through and have faith”. We assure the Secretary that we shall do our utmost to “pull through” if our “faith holds

WHITE WINTER USHERS IN SEASON OF SPORT IN CANADA

in the American delegates, the Washington opinion is emphasized that Henry Cabot Lodge, in presenting, the four-power treaty, was either lost in the grandeur of his own egotism so that he did not know its meaning], or that he deliberately made himself part of a conspiracy to create humiliation for President Harding. In the view, not only of responsible Americans in Washington, but also of authoritative spokesmen of other nations, the difference of opinion as to interpretation of the four-power treaty is of less material significance on the point iiivplved than it is em-’ phatic in meaning tha^ the pdminisexplanation, no apology; can eliminate that, either Lodge or Hughes is responsible. Presidential explanations are like those of the head waiter when his minons have made a mistake.”

The year, 1922, promises to be an unusual one in the history of Amer-

ican politics.

As a rule, this year, a congressional one, is : considered an “off year” in national politics. This coming November an entire new House of Representatives, 32 members of the Senate, governdfs, and other State officials of 34 of the 48 states are to be, elected. The Democrats have gotten on their “war paint”-.and are “plum full of fight”. In the-past they have always failed to “get up an’ at ’em” soon enough or in other words about the time they would get the “yawn” out of their system and the “stiffness” out of their joints the Republicans would be “on high” with the “bacon”. At the present time the Democrats, are organizing, “collectin’ the jack”, and “whoopin ’em up”—wonder if they are going to have a “slush .fund” —Oh Boy—imagine old Democracy don’t with plenty of money—wouldn’t the’*

fur fly? ; -

The Democrats don’t expect the G O. P. tb repeat the overwhelming success of 1920. Even if the Democrats re-gain their “old stamping grounds” they should be satisfied. The

Do you remeber when you were a kid in school and the teacher gave you a gpod “flogging” for something bad you had done; how you disliked her and the next day* when the real “American Boy” spirit came to the surface you said good mornin’, gave her a big red apple and told her that you loved her? Well, it seems after we become men and women we are, at times, guilty of some of these boy-

hood tricks.

Today instead of hearing the bitter and predudiced remarks about ex-president Wilson we hear a good word for almost every hateful ope uttered a year ag|o. Today many of us see where he was right, where he was justified in his acts, and realize

what a great man he is,

It is surprising to read now from

same time ■ don’t know * “how in the dickens'';.$0 get squared around among

themselves.

W. W. Durbin^ State Ghairman, Democratic Executive Committee, has dared Harry L. Davis to run for renomination. If he would give Simeon U. Fes: "* .»

shall not recall the utterances and part taken in this campaign by any particular one but it might be well to quote Mark Sullivan, former editor of Collier’s Weekly and Chautauqua Lecturer. The following is his idea as to what extent the Democrats may be justified in upholding the ideals of ex-

president Wilson: . :; ' “The points the Democrats make go to the soul of the treaty.

Most of them in. their hearts feel that the treaty is : mostly good and ought to be ratified. The thing they talk about with complete faith in their righteousness is the comparison between the forbearance which they are 1 hsk-ed to practice now ; and son the other : h&nd, thP - ruthlessmalevolenee with * Which the Republicans took the most- unfair and vituperbus advantage • of every possible slip that Wilson made in connection with the -LeaguO ofi Nations;

Within this field the Democrats are

wholly in the tight.*'* If Wilson were today;in Harding’S shoes, if be were

i Go after ’em “BilT’-^every “dadburned Democrat is “rarrin’ to .go”,

; :i- : , ■ ,-.y*s [ifi t

States , „ ...... Pomerene wouldn’t there be some fun. •' e> ; a!nd the whole situation were * .,***> < , rd « ^ today, correspondingly reversed as it

was-two years ago, the Republicans p’dUld' be making the* heavens ring with Words about dttnlicity, deceit, and all the 5 Nfbcab jl^ry (hat malevolor.e e rt an •'•all- to its service. . ’ The Democrats remember, and are astified- in remembering, how Lodge and the Other Repubieans eross-ex-amihed Wilson like a man under suspicion of treason; how they abused him like a furtive thief of the nation’s interests: how they took utterly unfair advantage of every occasion, just like the present one. when some-

3 Wta* Woodrow Wilson wc.Rt to Paris as one of America s representatives to 1 sit at the Peace Table for the

purnosfe.qf making 1 a treaty and fprm- t _ .. . ulatingbhe Deague of Nations he was- justified- in remembering, how Lodge

Criticized by a great many of his feilow couhlby-men; he was criticized because he went himself; he was criticized because he did not take one or ifiore members of the Senate as members of the delegation. From the time he started the tremendous job of cleanihg up the “ugly mess” he was ridiculed, mistreated and “knocked about

politically.

Woodrow Wilson as president of the United States was the only man who Had the constitutional right to negotiate the treaty “by and with the advice and consent of the Senate”. He did not take a representative of the Senate with him but he did council their advice and assistance throughput tbpsession. He did not ignore the Senate’s constitutional rights no? dsurp their powers. He knew he was directly Responsible to the American people 'ill safe-guarding their rig/hts. He was determined to see that no “serap$ of paper” nor “rottern diplomacy” existed around the peace table. He knew that some one had to be “on he did the job well. When he retjieir toes”.,, This was his mission and turned home he knew everything that Had transpired at the conference. He knew what he was negotiating and he was at all times prepared to answer any question pertaining to the docu-

ment.

The “infamous propoganda” and the “Round Robin politicians” succeeded in making the average citizen believe that Woodro\y Wilson was not “play-

ing square”.

• Now we are stumbling along to “hatch--up” something to take the place of the Versailles Treaty and the League of Nations. All of the “big talk” is done behind closed doors. This conference has been so secretive that Mr. Harding during last week had the wrong comperhension of the Trfeaty. The treaty misunderstanding has brought to light some of the proceedings of'the secret conference. Senator Lodge has stated that the-Treaty was N composed of ‘‘simple terms” and tjo “trouble-lurking in the back ground”. No doubt the President was misled on account of Senator Lodge being the “supposed” author of the Treaty but he was not one of the “BigThree” who framed the document, therefore, something Went wrong and it was necessary for President Harding to ' mahe the humilitating announcement that he had been laboring under the wrong impression and in fact the Treaty meant something entirely different from his interpretation five hours and forty five minutes earlier in the day which was prior to the time he had seen Senator’s Lodge and Underwood. We hope the President will take advantage of his constitutional rights and know for sure what the Treaty really is when he submits it to the

Senate for ratification.

Chas. E. Morris, Washington, D special editorial correspondent the Dayton Daily News, sums

briefly the situation:

“Following the declaration of opinion by President Harding that he has had and. now has full faith and belief

C.,

for

up

thing came out by accident that Wil-

son bad failed to tell.

Sympathizing With Wilson

If the v Democrats could see some clear way of making the most of their opportunity to bedevil Lodge and Harding, without at the sarrle time imperilling the treaty, they would go to it with all the heartiness of embittered men presented by fate with a wonderful opportunity for a unique revenge The Democrats in the Senate, with the exceptloh of a very few like Reed, have a devoted affection for Wilson, and _a righteous and wrathful sense -of the cruelties practiced upon him. That affection is increased every day by the manner in which Wilson now comports himself, and by the appealing

picture his situation makes.

Wilson himself, by the way, does nothing to stimulate the indigmation which leads the Democrats to think strongly of seeking revenge for the wrongs that he as their leader has suffered. Every once in a while it is said that Wilson is advising the Democrats to this course or that. The fact is that, so far as Wilson has any contacts with the Democratic leaders, he does not counsel them to a new course of embanassment to Harding',. It would be more true to say the contrary. Soon after Harding was inaugurated it was common gossip that Wilson said to one of his friends that he “was going to show Harding how an ex-president ought to behave.” The fact is, Wilson has been affirmatively helpful to the Republican administration in the difficulties it has about foreign relations: The most. .'responsible ' Republican leaders know this and appreciate it. I have talked with several of the comparatively few persons who have had any contact with Wilson about the Republican program on foreign affairs and I have never heard him quoted as saving anything except what was designed to be tolerant and helpful. A fair translation of what Wilson has ever said to his fellow Democrats is that if the Republicans can find a better way than his they should be permitted to go so without embarrassment; that if his they should be permitted to ro so without embarrassment; that if his way was best, then the world will come to it in due course, and that if some other way is best, everybody ought to help toward finding it and putting it in

practice; 1 ”

PAGE 8

U. S. Bureau of Markets and Crop Estimates Washington, D. C, For th^week’ending January 4, 1922.

The white season is with us again and in no country is it more eagerly welcomed or more generally enjoyed. than in Canada. Young and old of city and hamlet, east and west, oarticipate in healthful winter sports. Every bib is a potential toboggan slide and where nature has failed to olace a hill, man constructs a slide. Ski-ing ski-iumoine and skijoring win more and more devotees each season and the list of snow-shoe Hubs grows longer and longer. Lacrosse, ice hockey and curling have pach their best of adherents The Rig" Fonsoiel held each winter in Winnineg lasts for manv weeks and is participated in bv hundreds of nlavers. fee skating in the open and unon rinks is en ioved as long as weathei Hermits while gaietv reaches high tide during the Winter Snorts Carnivals ♦hnt are celebrated in various cities Oueher on her snow-mantled hil'e ic the stronghold of winter sport's. The famous trinle-track tolo-rgan slide that begins under .the guns of the high-over-ab citadel and ends in a huge snow bunker at the town-end of Dufferin Terrace w the center of attraction for*/''Hbter-' sporters who foregather in : the -Chateau Frontenae each winter.

ROMANCE

Among the Laurentian Mountains of Quebec are many delightful resorts, each with its special sport attractions. Montreal has that wonderful playground. Mount Royal, for ski-ing, bob-sledding and tobogganing, with Fletcher Field at its base fop skating and ice games. Winnipeg. Calgary and a score of other western cities have their bonspiels. their ice-nockey and lacrosse seasons. Winter in the prairie cities is livened by keen contests between rival ports teams, bv skating contests and local sport features, such as horse racing on ice in one locality and 4 ce boating in another, with dog races in a third.

Banff, hidden among the snowcovered mountains of the Canadian Rockies, makes of winter a continuous festival. Tranc-continental travelers are invit-' to drop off and play with the Banffites in tho gorgeous ice palace which they build each year, to watch world champions try for ski-jumping honors and to participate in the gaiety that pervades the mountain resort during the months it is covered with a mantle beautiful white—a mantle made of snowflakes—each snowflake an atom of individual beauty only revealed to the human vision by the microscope.

The Railroad Issue Dp Again; Market Review Gutlook

AMERICANS REQUEST FRENCH TO SLACK THIRST

METHYLATED BOOZE Edinburgh—At a joint conference of magistrates of Edkiburgh, Dundee and Aberdeen official reports were presented showing an enormous increase in the drinking of methylated spirits. United action to restrict purchases was decided upon.

The Hosing of the year 1921 fort.r.U...-, and evidently, marks n transition to better conditions, both in business, industry and finance. The outlook for the year 1922 can honestly and positively be described as improved. It is not all that could be hoped and the prospects clearly point to gradual rather than to sudden or “boom” development during the New Year. Enough is, however, already known of what is to,come, both in domestic and foreign affairs to make it certain that conditions will develop more prosperously, under safe and conservative public and private financial policy, than has been possible during 1921. Business More Nearly Stabilized The encouraging factor upon which all progress for 1922 will be built is the fact ; ; that business is evidently far more nearly stabilized than at any time since the opening of the war. Prices during the last three months have been practically free from flunctuation of any considerable amount, (remaining fixed at about 40% above pre-war levels. Elimination of much of the unsound element in our bank portfolios has strength-, ened the credit situation, while many industrial concerns have written off losses ‘and put themselves into good condition to meet competitive conditions during the coming year. Some industries are fully readjusted to new conditions, prominent among them being agriculture, while in not a few manufacturing lines the evident reduction of raw material to a permanent basis of price has been accompanied by at least a reasonable readjustment of wages,'thereby rendering a larger volume of trade practicable. Increase of Production According to recent estimates of the Census Bureau the year’s output f manufactured products for 1919 was $63,000,000,000; and on this basis the output for 1921 may amount to $35,000,000,000, while that for 1922 may be as high as $45,000,000,000. This is a forecast and as such subject to modification, but the facts already at hand show that with rising prices in copper, cotton, and in many other basic materials a good- demand for existing accumulations may be looked for, the product taken off the market being at once used to work up finished goodz for immediate sale. In fact during the year 1921 there has been a very great depletion, both of stocks of raw materials held over from the preceding year and of manufactured commodities which were being carried by sellers, in many cases, at or near the old prices at which they had been acquired. The last two months of the year have shown a very decided advance in the activity of business, and there is every reason to suppose that this will continue and grow more pronounced as the New Year grows older. Particularly in steel has the foundation been laid for a decided revival whose beginnings are already evident, proceeding as they do from an increased necessity for building materials and for railroad construction. The railroads themselves, although they have had by no means an easy year are now looking forward to distinctly better conditions basing their hopes

/ Grain Market unsettled during the week, and prices show net declines. Demand for cash wheat at close slightly better with good export demand. No. 2 red winter wheat $3.16; No. 2 hard winter wheat $1.07; No. 2 mixed corn 47c; No 5 2 yellow edrn 48c; No. 3 white oats 34c. Average price to farmers in central Iowa for No. 2 mixed corn about 34c.

Hay

Market continues inactive. Receipts generally light. Country loading ih west light because of bad roads and winter weather. Demand also dull and for immediate needs only. More activity expected as freight reductions become effective. Quoted January 4; No. 1 timothy, New York $29.50: Pittsburg $22; Cincinnati $20.50; Chicago $23; Minneapolis

$18.50.

Wheat feed offering light from northwest but increasing from southwest, Bran prices continues fairly firm but middlings are slightly weaker. Cottonseed meal also lower but linseed meal and corn feeds practically unchanged although demand is light. Buying generally is for immediate needs only. Spring bran quotad January 4 Minneapolis $22; Philadelphia $29.50; standard middlings Minneapolis $22, Chicago $25.

‘ Dairy Products

Butter markets continue weak and unsettled tmd prices have shown further decline. Trading at the close confident.- Plentiful supply of all grades on the market, including considerable quantities of foreign imported butter. Storage butter very quiet. Closing prices. New York 40c; Chicago 37c; Philadelphia and Boston 41c. • : :,/ •

Livestock and Meats

Chicago hog prices made net declines of 25c—65c during; the week. Beef steers and heifers were practically steady with butcher cows 10c— 25c higher. Feeder steers unchanged. Fat lambs and yearlings were geneially 25c higher; feeding lambs unchanged. Fat ewes ranged from 50c— 75c higher.January 4 Chicago prices: hogs, top $8; bulk of sales $6.85—$7v40; medium and good beef steers $6.50—$9.10; butcher cows and heifers $3.35—$8; feeder steers $5— $6.50; light and medium weight veal calves $6.25—$9; fat lambs $10.75— $11.85; feeding lambs $9—$10.75; yearlingls $8—$10.50; fat ewes $3.75— $6.60. ‘ i. - ■* ’ I • Stocker and feeder shipments from 12 important markets during the week ending; December 30 were; cattlfe and calves 22;207; hogs 3061, sheep 22,697..

Fruits and Vegetables

Eastern'potato markets showed a •'trorig tone during the week. Round

up 50c in city markets, ranging $7.50— $8 in New York and $7—$7.50 in other consuming centers. Northwestern extra fancy boyed spitzenburgs firm in New York and Philadelphia at $2.75—-7-' $3. Extra fancy jonathans nearly steady in Chicago at $2.25—3. Wine-,-, saps selling in New York at $2.50— $3.10. : (Distributed from the Cincinnati, Ohio, branch office of the Bureau of Markets, U. S. Department of. Agri culture, 707 Gwynne Building, Sixth and Main Sts.)

PRIZE PRIZE-WINNER Edinburgh—As a prize winner at flower shows, William Hotson, • of - • Langholme, has almost a monopoly. He exhibited at five shows this year,— taking 65 firsts, 55 seconds, 25 thirds and two specials.

MAN UNDER BED Barnet, Eng.—After looking every night for fourty-two years. Mrs. Mary Goddard found a man under her bed. She kicked him heartily, whereupon be rolled forth and dived through a window. He was badly hurt arid is now in the hospital.

VALLEY OF LOST TRIBES Peking—An exploration party is being formed here to go to the Valley of the Lost Tribes in the Hsiang-ling district. The people in the valley have been cut off from the rest of China for hundreds of years by an imperial 'diet.

78-ROUND DUEL Rome—The name of a woman prominent at court is mentioned in connection wth a duel fought by Count Pietro Ruscone and Lieut. Alfiero Altibelli. The men engaged with swords for 78 rounds, but neither was seriously wounded. Their seconds finally stopped the duel.

Rubber-Using Insects. When Para rubber trees are tapped, after the gum has run into receptacles and stiffened a species of large black ant is accustomed to cut out pieces of the rubber and carry them away. Bees also find use for India rubber, and some species in South America actually cut the bark of trees that produce resinous substances in order to cause a flow of the sap. The gum is employed by the bees as a readymade wax for their nests.

u.i

.

not only upon the larger returns of •'./.c past few months, but upon the growth of conservatism among the

public.

Money Situation Encouraging In money and banking the outlook is as encouraging as anywhere throughout the whole range of commercial and financial factors. The year 1921 has witnessed a very marked and definite cut in the cost of borrowing, which has affected not only short term paper but also long term or investment securities. It has lowered the rate of yield on the latter and enhanced their price while it has rendered possible the issuance of new securities at a lower price than was within reach at any time in the recent past. There is every reason to expect a downward tendency in money to continue into the New Year. Thi« forecast, however, should be taken with some limitation. The Treasury Department has large maturities to meet early in the year and is well known to be working) upon plans for rate representing reqfconable but not; pect to float great quantities of securities much below the best figures it now obtains. There is no reason to suppose that the banks will cut call or other rates, save on the most temporary basis, much below the figures that can be realized on C jvernment obligations. Stabilized money with a the refunding of debt. It cannot exunduly low costs is the prospect for the coming year and it is one which promises well for the activity of the market since there is no reason to doubt the ability of our Ranking system to supply funds in any necessary amount for every legitimate purpose. Market Review and Outfox Starting] with the extremely low values which had been established at the close of 1920, due partly to the business collapse, partly to sales of securities designed to record losses for taxation, and partly to other temporary factors, trading during the year has been climbing steadily upward in volume while values have been as steadily advanced. The improvement has been particularly noteworthy ; in the more conservative preferred stocks and of course, in bonds, es- j pecially the Government’s own issues, 1 which have come back well toward t normal levels. The public, which-left the market in fright at the close of last year, has of late been returning and a substantial degree of investment support is now witnessed in many branches. These conditions may be expected to continue during the coming months. Erroneous public policy and unexpected misfortunes to general business may cause temporary setbacks, but the market trend is now quite definitely upward. The extension of the strength of the situation from bonds and preferred stocks to the less conservative elements in the securities list may be looked for, the more so as early restoration of dividends by a good many concerns which have suspended or reduced them is now to be predicted.

Washington—Before leaving Paris I whites up 35c—40c in New York Cityfor the Disarmament Congress several wholesale^ market, at _$2,35--42.50; per

members of the French delegation re-. ceived requests from friends in America to bring wth them extra cases *of champagne and spirits. Because of their diplomatic immunity the French officials were able to export whatever they wanted to. Whether the requests from America were granted cannot be divulged now, but French head- J quoted.

quarters is very popular.

e.rn round whites down 40c in Chicago carlot market af.;$L66r^r$1.80, up 20c— 25c in Pittsburg and Cincinnati at

$2.25—$2.35.

Apple prices higher. Demand light. Some stock from cold storage/ bring

New York baldwins. A2%,

Henry Watterson, journalist and.' soldier, loved and honored by all- who - knew him personally and through.b ? A . . r gifted pen, has crossed the great

divide. . .

On Friday of last week this great “man of the South” was laid to rest

in Cave Hill Cemetery. Jacksonville _ r / Florida,- - ; •o'r-j

“Marse Henry”, as he~\Vas;called.;?^-"tr

a distinct loss ' to his^-countryCOkJ marks the end of a marvelo-is career. fT--/ 7-3

of a great America^; He - was one aj sv

the- most talented and versatile 01 ^ , *

men, loyal to his country, and to thdiv; whom he loved. A • s'.: At:/ .'Ifirajjri We share in the sorrow if the loved ones, in the,death pf “Marse Henry’,' -

onc.oj thfe'/greatest-and^obl^^^ ^

men. . . •••»'■ 1 :

* Previous to his death he said.-AL' ^o-

am prepared fo surrender my life to „ ^ God, who g|ive it. We do not kiur * about these things and I face v/i q^

Serenity, whatever it may be”.

“Marse Henry” we know; go:: bayy-

■mpJ 0 y™*! V-

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naiinurr- ~'Ti • n

ANCNENT LAND OF MANCHUS RE-ECHOES

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TO ROAR OF AMERICAN LOCOMOTIVES

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^ Railway Gtahon 3! Mukden

The fastest, finest train in the 1 ers, and travellers to look into the 1 power and water works, banks, Far East is the South Manchurian ® f f chtoa^The line bmldfo 1 g Ure The n pi-ogressl^ n fnhabito Express. It is the only railway I has^a total length oflibout seven 1 ants of Manchuria are. out to the Orient with an all American hundred miles. The main line runs I buy anything from talking ma-

Ture, Ireland—The Republican Arbitration Court fined Edward Donaghy, a licensed merchant, for buying a barrel of Belfast beer, contrary to the boycott now in effect against North-of-Ireland products.

equipment of locomotives, coaches, - f rorri Dairen to Changchun, where rails and rolling stock. Today the direct rail connection is made with ancient home of the former Manchu Harbin on the Trans-Siberian RailEmperors of China resounds to the road. A wonderful land, rich in shriek and roar of 0™ Ten thoaSjfdtoS trams. Since the Russo-Japanese i () ^ coa f a da y are coming from the War, the South Manchuria Railway 1 railroad’s Fushum mines which has bought seventy-five million i have reserves of over one billion dollars worth of American equip- tons. The An shah steel works is xnent and has definite plans for still ! now operating two blast furnaces, larger expenditures to keep up with The equipment was purchased in ,

the marvelous development of the United States. Two hundred importers, Manchuria offers soya Manchuria. million tons of iron ore are avail-i bean products, hemp, bristles, hides. The open door is proclaimori in able for the stool industry. Dairen,' tussah silk and oriental manufac

chines and tooth-paste to locomotives. The tourist will find chains of hotels de-luxe, travel bureaus, and city and country clubs. Quaint old temples, and Lama towers, are seen in contrast with modern via-

ducts and bridges.

The agricultural produce is amazing. Over one million tons of produce, including soya beans, kaoling, millet and maize, are exported yearly from Dairen. For

Manchuria with equafopportunities the Southern terminus of the line, to all, and the South Manch irvi has a foreign trade of $360,000,000. Railway Company invites Ameri- Among opportunities offered to

tures. Four American Consuls in Manchuria keep the state deportment at Washington advised of

can capitalists, exporters, import-i capital are mines, electric lights, ! Manchuria’s progress.