Decatur Daily Democrat, Volume 21, Number 133, Decatur, Adams County, 5 June 1923 — Page 6

You Can Wash Those SOFT, ARTISTIC WALLS Soap and Mater take the place of re(decorating when your walls are painted with Patton's Velumina. Dirt, dust and grime can’t penetrate this famous oil flat wall paint. They can only adhere to the surface and are easily washed away. Architects and interior decorators recommend Velumina highly. For it gives that rich, soft-toned simplicity that is so much in vogue to-day. This artistic, economical, long-service wall paint cornea in white and sixteen attractive tones. We have Velumina all ready for application on your walls. Also, we will be glad to advise with you in the selection of paints, varnishes and enamels for any; purpose you have in mind. v%r je? yorz MONEy imumbmmmmmmmmmumoijlms iii— i ii iwinfl—rini urn - COMPLETE SERVICE Straus Bros. 5% Farm Mortgage Loans Chattel Loans Legal rate of interest. Fire Insurance Wind Storm Insurance Automobile Insurance Lowest rates on insurance to justify safety. Seasoned Investments Tax-Exempt to net 7%. OUR BUSINESS IS GROWING i ~ COME-Grow With IT The Suttles-Edwards Co 0. P. Edwards, Pres. A. I). Suttles, Secy-Treas. Decatur, Indiana ■—mm— wii ni ■ ! mi m.m ur _.i. ... II g r- M 0 I 18 W»F/ ! >/ I z. m "Thrift is common sense applied to spending." —Theodore Roosevelt F gVERY one knows f W the famous quota* r U tions by this great W IM American. IM Economy—one of the •a war's best gifts—applied IQ ' to peace time will bring Im I ■ life-time [ I asperity. e IMI Old Adams County Bank |N

DECATUR DAILY DEMOCRAT, TUESDAY, JUNE 5, 1923.

A GOOD WAY TO UPSET PRICES Further Exposures of How Edi-son-Ford Money Plan Would Fail to Aid Farmer.

The way the Edison-Ford "cotnmod tty money" scheme, aimed to stabilize monetary values, would have exactly the opposite effect, is discussed in the ; present article, which is the second in ' a series prepared by the American Bankers Association, reviewing the exposure ot the weaknesses of the plan as presented by William T. Foster, Director of the Follack Foundation .for Economic Research. Briefly stated, the Edison-Ford plan provides for Government warehousing ot basic commodities, against which currency would be loaned to tie producer without interest, up to half the average value of the- products for the previous twenty-five years. This currency would be cancelled as the commodities were withdrawn and I passed into trade. On the other half of the value the producer would receive “equity certificates” which he could I sell or use for bank loans. On these points Mr. Foster says: Upsetting Price Equilibrium “Steady price levels depend mainly on the balance between the volume of goods on the market and the volume ot money offered for goods. The Edison plan Is designed expressly to upset the balance. A farmer dej livers, say, two thousand bushels of wheat to the Goverment warehouse i and the Government delivers one ■ I thousand dollars in new money to the farmer. When the farmer sells the wheat he repays the loan and the Government destroys the money. Thus . the volume of money is Increased precisely when goods are stored; and the volume ot money is decreased precisely when these goods are marketed. In other words, each transaction begins by placing in circulation goods without money to match the goods. Dollar demand is created as the supply of goods is withdrawn; the supply of goods is created as dollar demand is withdrawn. “Would it enable the farmer to bor row more money on his products than he can now borrow? When Mr. Edison contends that farmers would obtain larger loans on their crops than they can now obtain from banks, he is confronted by this dilemma: Either the banks are now refusing to make sound loans, or, under the I Edison plan, the Government would make unsound loans. “Neither Mr-. Edison nor Mr. Ford 1 can consistently contend that banks now refuse to make sound loans, for that is the way banks make most of their profits, and Mr. Edison and Mr. Ford have no doubt that banks are conducted for profit. It follows that the plan would yield larger loans to farmers only if the Government met the risks of unsound banking. In that case all that insolvent borrowers gained would be paid by the rest of ' the population, which, to say the least, j is not a fair deal. / j Cutting Down Farm Credit “Apparently, however, the Govern- 1 ment is not expected to run many risks, for the farmer is allowed to borrow an amount no greater than one-half the average value of his product for the previous twenty-five years. But prices have risen so high since 1896 that the farmer could bor , row on most products much less than : half the present value of the products. : It would be much less, therefore, than the farmer could borrow directly from the banks on graded products; on products not graded no Government loans would be made, for there would be no way of determining the twenty-five-year price average. “However, the farmer, having obtained the stipulated Government loan on his goods, could then offer his equity certificate to a bank for an additional loan. But the equity certificate is virtually a second mortgage, and no bank would prefer a second mortgage to a first mortgage. “Suppose the Old National Bank was willing to lend a farmer eight hundred dollars on one thousand bushels of wheat. Suppose, however, : the farmer deposited the wheat in a ' Federal warehouse and obtained five j hundred dollars from the Government. Certainly the bank would not lend the farmer three hundred dollars on the equity certificate. The protec tion of the bank would be greater if the farmer relied on the bank for the entire loan; for in that case the bank could realize on its security without being obliged to pay five hundred dollars to get the wheat out of Govern- , ment storage.- The farmer can now borrow more money from a bank on | standardized farm products than under the Edison plan.” GETTING TOGETHER “The earth and the fullness thereof" is the primary source of capital. The farmer, therefore, is the nation’s I greatest producer of wealth. Farm ing and banking—production and distribution —should go hand in hand. The problems of the farmer are the problems of the banker. Both are vitally concerned in bringing about a proper adjustment of transportation and marketing costs. The increasing tendency toward a more sympathetic understanding of each other’s relation to these problems is one of the very encouragity: signs of the times, and will result in further advancement of their mutual interests. —Walter W. Head, First Vice President Xmerican Bankers Association.

Careful Crossing Campaign On Railroads lias Begun The Pennsylvania Railromi system, together with the other railroads of the country, will conduct another “('artful Crossing Campaign" this year, similar to that of last summer. This year’s campaign will cover the months of June. July, August and September, it is announced. The object of the campaign is to bring to the attention of the American people the necessity for exercising the greatest possible care while traveling over crossings, ■ amt :to impress upon locomotive enginemen. firemen, conductors, brakeman, track foremen, crossing watchmen and all other employes the necessity for doing everything within thelf ' power to prevent accidents. Thousands of posters illustrating a grade crossing accident have been distributed for posting along the Pennsylvania system. A million sticklers witli the same illustration will be l>asted on correspondence sent out from railroad offices. Lantern slides | calling attention to the objects of the campaign will be furnished to motion picture houses. Automobile wind shield stickers will also be distributed. Dr. Harry E. Fosdick Resigned His Pulpit

New York. June s—Henrys—Henry N. Tifft, clerk of sessions of the Presbyterian church, announced today that the Rev. Dr. Harry Emerson Fosdick had tendered his resignation as pastor because of the recent criticism of his pulpit utterances by the Presbyterian assembly at Indianapolis, but that the church had refused to accept it taking its stand flatly behind Dr. Fosdick. o Bluffton Boys’ Band Coming To Convention The fire department has arranged to take the Bluffton boys’ band with them when they go to the Northeastern Indiana Firemen’s convention at Decatur. June 24. The boys will be provided transportation and well ntertained while at the cop vent ion. At present effort is being made to provide them with a uniform that will serve until regular uniforms are obtained. MICKIE SAYS— KICK BECUX. NER \ EDITOR DOUY "PRIMT ALL TW NEVJS ", BECUt j WILL PROBABIN <S£R TH' f TDAE VJHEV4 NOU'LL BE I DARN GLAD HE POUT \ j SV The Seat of the Trouble A little girl was spending her first right from home. As the darkness gathered she bean to cry. The hostess asked. "Are you homesick?" “No." she answered “I’m here-sick.” Brooklyn Eagle. The Wise Generation Teacher: “We are going to have a little talk on wading birds. Os these tile stork is one —what are you laughing at. Elsie?” Little Elsie: “Oh, but teacher the idea of there being any storks!" White Plains, N. Y. —Edmund J. Ryan, bond salesman, will spend six months in jail because he entered the strdet on which his wife lived. He had been on parole after arrest for annoying her. Stamford, Conn.—A swarm of bees, taking possession of summer street, caused the greatest traffic ‘tangle in Stamford's history before a professional bee man arrived an died them to c. hive. Franklin —The local boy scouts have received a red, white and blue banner from President Harding. It is in honor of the scouts making thei. ■quota in the national drive for half a million members.

Anti-Foreign Language Laws Declared Illegal Washington, June s—State laws which would prohibit the teaching of foreign languages in all schools below the eighth grade were declared void by the supreme court yesterday as an unlawful encroachment upon the rights conferred by the fourteenth amendment which provides no state shall deprive any person of life, liberty or property without due process of law. Justice Holmes delivered a dissenting opinion in which Justice Sutherland joined. The question was presented to the court in case from lowa, Nebraska and Ohio. Eighteen other states with the same statutes participated.

Indianapolis. June 5— Benjamin J. Burris, state superintendent of public instruction, will probably ask Attorney General Lesh to render an interpretation of the decision of the United States supreme court affecting the state laws on the teaching of German it was stated today at the office of the blard of education. Indiana’s anti-German language law was enacted in 1919. — o Democrats Sow Gain In lowa Election Yesterday (By The United Press) Des Moines. lowa, June 5. — (Special to Daily Democrat) —Judge Hiram K. Evans. Republican, defeated J. P. Daughton, democrat, in yesterday’s special election to elect a successor to Congressman H. M. Towner, it appeared certain in returns today. With 16 of 233 precints missing, the vote was Evans 13,635; Daughton 121110. This reflected a strong democratic gain in the usually "rock ribbed" republican district, however. In the last November election the total vote was 54,000 with Towner receiving 30,551 and Daughton 23,478. a republican majority of 7,037 against Evans' approximate 1.500. In the same election Governor N. E. Kendall defeated his democratic opponent by 20,000. Towner recently resigned to he governor of Porto Rico. MARKETS-STOCKS

Daily Report of Local and Foreign Markets New York Produce Market Flour—Dull. Pork —Weaker; mess Ijtrd—Steady; middle west spot $11.60© 11.70. Sugar — Raw —Quiet; centrifugal (96 test I sß.o3reflnod quiet; granulated [email protected]. Coffee—Rio No. 7 on spot 11% fi ll%c. Tallow —Weaker; special 7%@7%c; city 6%c. Hay—Quiet; Prime No. 1 $1.30; No. 3 $1.0061.10. Dressed poultry — Firmer; turkeys 250 42c; chickens 18:0 43c; fowls 13@ 31c; ducks 20@27c. I f ve poultry—lrregular; geese 15@ 16c; ducks 15^125c; fowls 26@27c; turkevs 250'35c; roosters 13c; broilers 30 0 55c. Cheese—Quiet; state milk, common to specials 2002914 c; skims, common to specials 10018 c. Butter — Firm; receipts 25,610; creamery extra 39’^c; state dairy tubs 35039 c; special market4Oo'4Ol4c. Eggs—Steady; receipts 44.035; nearby white fancy 380 40c; nearby brown fancy 27V 4 028c; fresh firsts 27*/s© 1 31c; pacific coast 32038 c. New York Stock Exchange New York. June s—Onlys—Only fractional changes were recorded today in a r< (her quiet opening in the stock ma'ket. Pere Marquette continued its advance, selling at 44%. a gain >f ’4 over Monday's high. This slock is un nearly two points from the bei inning of the week. It is said to be ■t- -! for dividends at a $4 rate .-•< on. O'lnr rails were firm, Canadian Patific at 152% and Southern railway at 33% both recording fractional gains. Steels were slightly low. r. United States Steel losing % on its opening quotations and Republic down *4 at 49%. East Buffalo Livestock Receipts 4800 shipments 2850, closing steady, pigs $77.25; other grades $7.80; deck $7.85; roughs -5.500)5.60; stags [email protected]; cattle 50 steady; sheep 200. steady; best spring lambs $16017; ewes $40)6.50; calves 550; tops sll. LOCAL GRAIN MARKET Corrected June 5 No. 2 Wheat, bushelsl.lo Good Yellow Ear Corn, per 100 sl.lO White or mixed corn, per 100..51.05 Oats, per bushel 38c Rye, per bushel Barley, per bushel • Clover Seed flO.O# DECATUR PRODUCE MARKET for Delivered Produce Corrected June 5 Chickens Fowls * Bc Ducks Geese H® Old Roosters 8c Leghorns i2 ® Stags ® c Heavy Broilers 30c Leghorn Broilers 25c Eggs, dozen 16c Local Grocers, Egg Market Eggs, dozen l ßc Butterfat Prices Butterfat 37c

CLASSIFIED NOTICES, BUSINESS CARDS

♦ CLASSIFIED ADS • 1 111 ' ■ — ■ " FOR SALE FOR SALE—▲ few used oil stovei and coal ranges. The Gaa Co., 106 North Third at. 46tf FOR SALE—Strictly modern 7-rootn house on Fifth street. Immediate possession. Part cash, balance terms. Call phone 709, city. 130t6! FOR SALE—Poland China sow with pigs by side. P. J. Spangler, Decatur, Ind. Phone 862-J. 131t3x FOR SALE —Early and late garden plants. Henry Haugk, 204 South 10th street. 131t6xl FOR SALE — Fine late cabbage' plants. 25c per hundred; late tomato; celery plants 5c per dozen at; L. T. Brokaw, one block west of the Green house. 421 North 7th street,! phone 391 white. 131t3xi FOR SALE—Early anti late* garden plants. Phone 785 White. Lawrence Schlegel, 414 N. 7 st. 132t6 FOR “ SALE—Baby Chicks" Rhode l Island Reds, Plymouth Rock, White Wyandottes anti Brown Leghorns, Stand up. O. V. Dilling. Decatur R. 2,1 Craigville phone. 133t12x FOR SALE—Jersey cow, fresh in 10 days, a good one; Durham cow. fresh soon; Durham heifer, one year old. a real one. W. F. Beerv. R. R. 8 phone H879.133t3 eodx FOR SALE — Registered Holstein male calf from Schwartz herd. Nicely marked and from high producers. D. E. Studebaker, phone 392. FOR SALE — Registered Guernsey, male 1 year old. Well grown ami nicely marked; from high producing family. D. E. Studebaker, phone 392. 133t6 FOR SALE —Ford touring car with' winter top. Good condition. Cheap if taken at once. Earl Rabbitt, Decatur R. 9, phone 866 H. 133t3x WANTED WANTED—Rugs and carpets to clean by air. Called for and delivered. Work guaranteed. Colchin Bros. Phones 441 and 561. 112-7wks.x! WANTED—A John Deere 2 row cultivator. Gilbert Hirschy, Pleasant Mills. R. It Monroe phone, 2 long & 2 short on line 4. 131t3x WANTED TO RENT—Small house or 3 or 4 unfurnished rooms for light housekeeping. Phone 28. 132t3 WANTED—OirI wants position in store or office. Call 881 K. 133t3x FOR SALE — Good work horse, weight 1250 lbs. Single line broke, i Also Ford touring car. See Wm Burkhead, Monroe, Ind. 13M3x

Fo» Ren’ FOR RENT—Former Parrish home, 8 or 9 rooms, on Tenth street, suitable for 2 families. Wm. Barkley, 709 No. sth st. 132t3x | o APPOINTMENT OF ADMINISTRATOR Notice is Hereby Given, That th--undersigned lias been appointed Administrator ot tile estate of Rosana Baumgartner, late of Adams county, deceased. The estate is probably solvent. EDWARD H. BAUMGARTNER, Administrator •tune 5, 1»23. Dore B. Erwin. Atty. 5-12-19 o VPPOINTMENT OF NDMINISTH VFOR Notice is Hereby Given. That tile undersigned has been appointed AdI ministrator of the estate of Win. S. Daugherty. late of Adams county, deceased. The estate is probably solvent. , WILLIAM A. DAUGHERTY, Administrator. I June 5, 1923. L. U. DeVoss, Attv 5-12-19 MASONSSPECIAL TRAIN WRECKED Five Killed When Train Carrying 500 Masons Leaves Rails In Michigan (United Press Service) Durand Mich, June s—(Specials—(Special to the Daily Democrat) —Five were killed and thirty injured, ten seriously when a special train carrying 200 Masons to a state Knights Templar convention at Flint was wrecked near here at noon. I The injured were being rushed to hospitals in Oswego and Flint in emergency ambulances. I Doctors and nurses from these two places were rushed here by automobile to aid in caring for the injured. The death list may mount in the next few hours by deaths of those seriously injured doctors said. Cause of the wreck has not been established 'definitely. The engine jumped the rails and three coaches and the engine were overturned. Expansion of the rails as a result of the heat might have caused the wreck railroad officials said. The dead,John Herickson, Knight Templar 35, lona Mich., H. J. Weldon, Knight Templar lona Mich., the train news butcher name not learned. Frank Pearson, engineer, Joe Parker, fireman.

* * * * I I ~~ I investigate ■ FOR BETTE « health, SEe ■ DR. FROHNAPFEL D e I Chiropractic and I Treatments given to luit your I •t 144 So. 2nd St. ’ I Office Hours 10-12 a. m -15«’,"‘ I — l, 8 P it. ■ s• e • black I UNDERTAKING AND EM B L te | I Cal,a ar " ,w " rp,t promptly d ay or * I Private Ambulance Servle, I Office Phone: 90 I Home Phone: "27 I DR. H. E. KELLER Indiana | OFFICE SPEC! Al .tY” S-*I I Internal organs. X-rav' and I treatment. f„r !ngh hb.od .I and hardening of the arteries’l treatments for GOITRE TUBrtmf I LOSIS AND t'ANCER. JtB ERCV. | I Office Hours: | s to 1 l a. m.—l Jo 5 p . m.—l to !n . I Ph„„.?unda,v ? t,y appointment. I N. A. BIXLER OPTOMETRIST Eyes Examined, Glasses Fitted HOURS: 8 to 11:30—12:30 to 5:00 Saturday 8:00 p. nt. Telephone 135 Closed Wednesday afternooni. ( — DR. C. C. RAYL SURGEON X-Ray and Clinical Laboratorw | Office Hours: 1 to 4 and 6 to 8 p. tn, Sundays, 9 to 10 a. m. Phone 681. ! FEDERAL FARM LOANS Ahstracta of Title. Real Estate. Plenty of Money tc loan on Government Flan. Interest rate now See French Quinn. Office —Take first stairway ! south Decatur Demoent O 0 DR. FRANK LOSE Physician and Surgeon Located in office formerly occupied by Dr. D. D. Clark North Third street Phones: Office 422; Home 413 Office Hours—9 to 11 a. m. 1 to 5—7 to 9 p. m. Sunday 8 to 9 a. m. . o — (>

PLENTY OF MONEY 10 or 20 years No Commission. Best terms ever offered. Dan Erwin. O ‘ — NOTICE I Dr. C. V. Connell has moved | his office one block north of | former location. Office now located at 120 North First st.. lo' I the Teeple Transfer Barns. I 0 0 HOW IT-** 18 MADE! By Getting JOHNSON to Cry Your Sale. Book your Fall sales early. Write or phone. Roy S. Johnson. Auctioneer Decatur, Ind. Phone 606 or 849 Red. • WANT APS EARN—WANT ADS KARN—* > CHARLES A CHARLES CHIROPRACTORS Lady Attendant. Office hours 10 a m. to 1- 111 ■I p. m. to 5 p. m.-G P- ni- to 8 P ro ' Over Keller’s Jewelry Store. Phone 628. Calls made day or nlttbt. t ' FT. WAYNE & DECATI’R TRACTION LINE Leaves Decatur Leaves Ft. ft " a3^ e a. m. J; ’ s B . 8:00 a m - i 00..®10:00 a. m. B . 12:00 p. m. too p. ®- a 2: 5 30 p% 4:00 p. m. 0 B . 6:30 p. tn. 9 00 p. ® 7:00 P- m. ; P B . 10:00 p. m. ii.w v Freight car leaves Decatur. Arrives at FL Wayne.. 9:3J * Leaves Ft Wayne Arrives at Decatur l-"’’ P. J. RAYMOND, Agent Office Hours: 7:80 a. m -7:00 P. ®-j