Decatur Daily Democrat, Volume 21, Number 185, Decatur, Adams County, 6 August 1923 — Page 3

World's Silk Production. Fverv >“«r 200,000,000.«00 Mik ../produce 1X1.000.000 pound* of "‘ .n? It bn* bten * s ' lnlllt ‘‘ tl ,bat r* "lil together the worlds Mik H'lti every year with aver about 4.700 mile* a second a Send <>f apparently 150.000,(XH»,000 luliet in length.

NEW POLICY OUR SECURITIES DEPARTMENT will deal in only securities recommended by the local banks. We will specialize in local bank stocks, local industrials and public utilities. If you desire to buy or sell see us today. The Suttles-Edwards Co O P EDWARDS, Pres A. D. SUTTLES, Secy.-Treas. DECATUR, INDIANA Two Big Nights Four Big Davs THE BANNER FAIR Mercer County’s Great Annual Agricultural Exposition Celina, Ohio, August 14-17 Good Races. Splendid Jazz Music, Wonderful and Spectacular Attractions Day and Night, Big Exhibits, Boating, Bathing and I'ishing at Grand Reservoir. Don’t Miss The Banner Fair— You are most cordially invited. SOL SHOCK, Pres. C. H. DISHER, Sec’y. No Discount on Gas Bills After 10th of Month All gas bills must be paid on or before the 10th of the month to secure discount. Northern Indiana Gas and Electric Company Wm. O’Brien, Local Manager

WI UYS fx 1 , fJHPSS’ ,»y M < *"% Country Club, $1635 f, o, b, Toledo Winning the Nation Gleaming Cavalier maroon and glistening nickel, khaki top and Spanish morocco upholstery; 5 disc wheels, 5 Fisk Cord tires, Brussels floor carpets, bumper, windshield U’ings, dependable clock and electric gasoline gauge on dash, trunk at rear; the engine that improves with use—the new Willys-Knight Country Cluo has met a tremendous buying response. See it, HOLTHOUSE GARAGE Ist & Jackson Sts. Phone 11 / KNIGHT

Bald-Headed Lawmaker*. A spectator once undertook to count the bald henda In the British house of commons. He found that one-fourth-of the members were bald-headed. He also found that one-fourth were redheaded. When he checked up the me# of distinction In the house he found Hint n great many of them were redheaded.

♦ ♦*♦*** + * + * + **« ♦ TWENTY YEARS AGO TODAY ♦ ♦ From the Dally Democrat file* ♦ + 20 years ago this day ♦ ♦♦♦♦♦♦♦*♦♦♦♦♦♦♦ August 6. —Contract for paving Four th and Monroe streets, awarded to H. I‘. Striecher of Toledo, for $41,000. Miss Mario Connell entertains 25 girl friends In honor of her sixth birthday. The death of Theodore Smith, well known citizen occurred at 8:30 this morning. Misses Marie (lass and Emma Kin ney entertain 15 friends at Steele’s park. W. A. Keublejr Is at Indianapolis n business. Sam Lehman buys Rambler automobile and takes the agency for the Bowers store. Wedding of Miss Harriet Niblick to Mr. Arthur D. Suttles, a brilliant affair. Boy baby born to Mr. and Mrs. WilI Ham Myers of Kirkland township. — George Cline and several others leave for San Francisco to attend national G. A. R. convention. - 9 — BIG WOOD CONSUMERS U. S. Uses More Wood Than Any Other Country In World The T’nited States uses more wood than any other country. In fact the consumption in this country equals [about two-fifths of the enire consump- ! tion of the world, or expressed in round figures, about 22 1-2 billion cubic feet, declares the Forest Service. United States Department of Agriculture. The percapita consumption in this country is 212 cubic feet, of which 110 cubic feet, or a little more than half, is saw timber, and the balance consists of cordwood, continues the department's report, which was recently printed for distribution. Including the losses by fire, insects and disease, the. total drain on the country's forests is close to 25 billion cubic feet. At the present time this country is growing only about G billion | cubic feet. However, according to the data contained in the report, if [ rhe entire forest area of the country I —some 470.000.000 acres —were placed I under intensive forestry about 27 bil- [ lion cubic feet Os timber could ultii inately be produced each year. This i amount would exceed the present ! drain on our forests by a relatively i small margin. o Happiness. We can’t choose happiness either for ourselves or tor another; we can’t [ tell where it will lie. We can only I choose whether we will indulge ourI selves in the present moment or ' whether we will renounce that for the sake of obeying the divine voice within us—for the sake of being true to I all the motives that sanctify our lives. II —George Eliot.

DECATUR DAILY DEMOCRAT, MONDAY, AUG. 6, 1923.

WHO INFLATED THE CURRENCY? George E. Roberts Gives Common Sense Explanation for L Currency Increase and j , Decrease. • GOVERNMENT TOOK NO PART Due to Changee In Supply, Demand and Prlcea of Commodltlea Caused by War—Federal Reserve Not to Blame. The mistaken notion that the currency is inflated and deflated by th<i government In the United States from motives beyond the understanding of average people Is effectually set at rest by George E. Roberts, noted banker and exponent of sound money, in an article In the Journal of the American Bankers Association. "There has been Inflation by the governments of Germany and other European countries, w’hich have issued money for the purpose of paying their expenses,” Mr. Roberts says. "The United States Government has done nothing of this kind since the Civil War. “There Is a genuine need for elasticity in the volume of currency, and for machinery to adjust it to the legitimate needs of the country. The means provided are the Federal Reserve Banks, authorized to issue currency to their member banks, either in payment of deposits or for loans. Side-Tracked Like Freight Cars "More currency Is needed In September, October, November acj December than in January and February. As business slackens, currency naturally retires from circulation. Money accumulates in the member banks and they send It in to the Reserve banks, which In effect retires it, as freight cars are retired when traffic fails off. “What caused the great Inflation of credit and currency? It was due primarily to the war, which made extraordinary demands upon the Industries and caused a great rise of wages and prices. It was Inevitable that more credit and money would be called for to tarry on business. "The boom year of business that followed the armistice was likewise abnormal. The end of the war released a great many demands that had been held in check. The foreign demands upon us at first increased. There was a temporary stimulus, but the volume j of business was abnormal and could ; not be sustained. Agricultural pro- [ duction in Europe revived, the prices of agricultural products moved back toward normal, Importations from the United States fell off, prices declined, "deflation” began. "Some say ’inflation should not be permitted.’ but if war occurs Inflation is unavoidable. Recruit'ng armies makes a labor scarcity. Contractors I bid above going wages to attract men. The war industries did the same and the peace Industries raised wages to hold their men. Governments of Europe sent representatives to this country to buy food and they bid up prices on the grain exchanges. Higher levels of wages and prices meant that more credit and money was required to handle business. More Business, More Money "The increased Issues of currency was a result of allowing business to go ahead, upon the rising level of wages and prices. When a factory pay-roll ’doubled, twice as much currency had to be furnished for IL When cotton rose from 10 cents a pound to 30 and 40, more currency was required to handle the crop, and so all around the circle. "Deflation did not come by an act of the government or the Federal Reserve authorities in suddenly withdrawing money from circulation. Deflation came naturally when business fell off and prices declined. Just as an increasing volume of business at higher prices called more currency into use, so a decreasing volume of business at lower prices released currency from use and caused It to return to the Reserve banks. “There has been absolutely nothing new or strange in these price movements related to the war. Inflation and deflation have been just as always when wars have occurred. The only new factor has been the population. That is always being renewed, and most people do not learn by the experince of others. When hard times come It is always the thing to lay the blamed on somebody, and this time the Federal Reserve System has taken most of It” AMERICAN SAVINGS INCREASE New York. —Continued incr»se In the savings of the American people ' fs indicated by the latest national compilatfbn just completed by the Savings Bank Division of the American Bankers Association. Savings deposits in banks and trust companies of the United States were reported at $17,300,000,000, June 30, 1922, the last available nation-wide figures, as compared with $16,620,000,000, June 30, 1921. This is an increase of S6BO,- , 000,000 or 4.1 per cent. The number of savings depositors, ; as indicated by the number of accounts, shows an increase of 4.9 per ' cent, with the states reporting for the first time in 1922 excluded. The third annual report of the Savings Bank Di- i vision on school savings banking also ■ shows Increased American thrift, 1,- ! 271,029 pupils having savings accounts during the school year of 1921-1922 as against 802,906.

CLEAN KIDNEYS BY DRINKING LOTS OF WATER Take Salts to Flush Kidneys If Bladder Bother* or Back Hurt* Eating too much rich food may pro-1 (luce kidney trouble in some form,! says a well-known authority, because] the acids created excite the kidneys. I Then they become overworked, get i sluggish, clog up and cause all sorts! of distress, particularly backache mid misery in the kidney region, rheumatic] twinges, severe headaches, acid stom-| ach, constipation, torpid liver, sleep-1 lessness, bladder and urinary irrita- j tion. The moment your back hurts or kid- j neys aren't acting right, or if bladder; bothers you, begin drinking lots of! good water and also get about four ! ounces of Jad Salts from any good pharmacy; take a tablespoonftil in a] glass of water before breakfast for a few days and your kidneys may then act fine. This famous salts is made i from the acid of grapes and lemon juice, combined with lltlila. and has been used for years to flush clogged kidneys and stimulate them to activity; also to neutralize the acids in the system so that they no longer irritate, thus often relieving bladder disorders. Jad Salts cannot injure anyone' makes a delightful effervescent lithiawater drink which millions of men and women take now and then to help keep the kidneys and urinary organs clean, thus often avoiding serious kidney disorders. By all means have your physician examine your kidneys at least twice a year. Portland Fair. Aug. 27 to .31. 0 Toronto. Canada —Canadian cities will build $50,000,000 worth of new homes in 1923. Victoria. B. C. —The salmon pack of British Columbia in 1922 totalled 1,290,236 cases. o t_»_j_WANT ADS EARN—s—s—s

b . ■ ' -1 J Are You Farsighted? IN Life, as in chess seme play for the next moVe while others look ahead to the I LU MATE SCORE. IT IS THE AIM of this institution to be a constructive element in the commercial growth of our large territory. NOTHING AIDS more in the betterment of business, and insuring prosperity than I Il’.l.Pl't L co-operation. THE ROAD TO RICHES is a strange one, and yet it is plainly marked > by the footsteps of successful men. It leads past the three milestones marked— Ambition Economy Perseverance THE OLD ADAMS COUNTY BANK I 51 Years of Successful Service

In England the younger generation is reported to be wearing blanket wraps composed of a perfectly straight piece of cloth slung around

4--- ~~ - it can’t be avoided forever! ! ! Yes sir. we intended getting fire insurance for our own little home ••ver sine:’ we came into possession bul somehow, we never quite got to it. We rather felt it was an unnecessary expenditure and felt willing Io take lite chance. However, we always MEANT to take it opt sometime. Now that our home is almost a complete loss as a result of the fire we had several days ago. wo certainly won’t go without insurance for one minute again. Once is enough and anvone that goes along kidding themselves on how easv it is t<» get by without FIRE INSURANCE, is simply shinning up the wrong tree. We are also going to carry insurance on our household goods as they were ruined along with everything else. We also know where we can get the cheapest and best policies for this kind of insurance and believe me. we are headed straight for the American Security Co. Fred E. Kolter. Manager Monroe Street Phone 172

the shoulder* and kept in place by a cord. To slip on after tennis or to wear In the cool of the evening these garments are ideal.