Evening Republican, Volume 23, Number 155, Rensselaer, Jasper County, 28 June 1920 — Page 4 Advertisements Column 4 [ADVERTISEMENT]

CASTORIA For Infants and Children. Mothers Know That Genuine Castalia Always , / • "flarc* “16 z A u B Signature Jj. Jr .r /R it - of ft <Kv In /vJ Use ■For Over Thirty Years CASTORS Bxact Copy of Wrapper. ntoumun «w»o»«oiw.

Germany lost the war, but still it can always find it again.—Wall St. Journal. — In Mexico Presidential contest is more of a chase than a race. —Norfolk Virginian-Pilot The Democratic national convention opened at San Francisco today. McAdoo and Cox rule the favorites for the nomination. Word has been received here by relatives that Mrs. Claude Yeiter, who went to Denver, Colo., for the benefit of her health is improving nicely.

Paying What’s Fair THE average American is fair-minded. He prefers to pay his way and ask no favors. People have no objection to paying the right price for a commodity once they know what the right price is. The right price for gasoline is based first, on the cost of crude oil; second, on the cost of refining; and third, on the cost of distributing the refined product. During the war prices were fixed by Governmental demand rather than by natural law. The very low prices obtaining in 1915 were due to two causes —first, to ultra-conservatism due to uncertainty; second, to the spectacular production of oil m the Cushing fields, a production which dwindled almost as magically as it increased. Since the Armistice the cost of every item entering into the production, refining, and distribution of petroleum products, has increased to an unprecedented degree. The production of crude petroleum has not kept pace with the demand. This has caused fierce - competition for such crude oil as is obtainable. This competition has forced the price of crude up until it is costing the Standard Oil Company (Indiana), f. o. b. Whiting, $430 a barrel, as against $2.92 on Nov. 11,1918 — an increase of 47 percent. Yet in the same period gasoline advanced in price but 24 percent Only through the efficiency of large scale refinery practice and through advanced scientific processes of extracting an ever increasing percentage of gasoline num the crude oil, has the Standard Oil Company (Indiana) been able to hpld gasoline prices down to present leveK and still yield a fair return to * its 4799 stockholders. ft is generally conceded in the petroleum industry that the Standard Oil Company (Indiana) is operating on the closest margin Standard Oil Company < 910 So. Michigan Ave., Chicago MM