Indianapolis Times, Volume 44, Number 296, Indianapolis, Marion County, 21 April 1933 — Page 14

PAGE 14

Gold, Rejected as Money Standard of Nations, Immediately Gains in Value

R)l l nttrri Prrgg WASHINGTON, April 21. Gold, a metal of romance and adventure through the ages, has grown in influence until the whole world is affected by changes in Us value. It Is ihe world’s standard of value; wages, prices and the cost of living in all nations are related to it. inextricably. When Columbus discovered

I Quality First Offered. 1 IM/\ q r llfyfflT a' . 'E |Jf shK * j ■ |lfill amM B| ' ■ B ▼ I ARMAND S ■ |nUOL Ilf//7yL mVII f 4 S II I . I V m f t I IJI Face Powder 1 ■ mesh and B BMI A \ HL 4g k V A B B 1 k M WW k ■ 1 k i I “Lady K JB C IPr Diami> nrl H BR MBEJkiBMfcSEo j -dfMWf jS j|Safei| A 'MM pg iHI ■■dM ik ■ jlmi JfFiM NI i iiJßiiiimi HB *s£ i .hades, V mSS r 9gß BF % 1 4| I *Bt * M B If. f yS* fa . h/Tf k B | j j, jiff , l #ai , w k. / V v,fly M M m § 111 'J U. // 7/4 w Sb^Hl ■ to 10. ff SWL a. JiliH km i i f i kJ* fii B Lin A— ?f BH m % i v _ f We have just returned from the market with ong of the most sensational purchases in our entire years of merchandising experiences. We were fortunate in buying parts YOUR \ * V ** * V J |HEaB yffll ijßlWMfiß %. worth. This merchandise was hurried here by rail, trucks and express. W'e have prepared the greatest bargains in our entire business career for you. W'e have also included our ■ PDCATFQT \ m ' 'J fine new spring and summer merchandise for this great event at unheard of low prices. This is a sale you will talk about for a year after. Get in touch with your friends. Bring Isis GICM 1 fc.~-J' 3 them with you. Be sure and don't let anything keep you away. Don’t forget the time, Saturday. April 22nd, at 8:20 a. m.. sharp. W'e have hired .i0 extra salespeople and have B 4- i ”'' TOILET —■ ’<■ mncolx * 'ii.. 'j ■■ 1 M i,".i""'"" ,^ ■ bm IBBr 'BlliP 1 jMlff m g\ c I ‘“”•51 IP™r I h,ghway 4B|c I ScTOILET rc I *•-*• •*• lie |r.c Ir — / r , i 1™214^51 Brooms v A Mi A Snip So Great It Exceeds Any- -'ale So Great It Exceeds V immt mmUKM <yj thing W. „ Ever Seen Whirlwind of Real Excitement g JgNW pycn^T COO CILK klf JK jpC J.f By iTi'J *in ■ i ■BBIrAATC m|i ssfp f| n Sty L 2 DRESSES L I3?4* i this great event US wV M I HATS T 100 Ladies Turbans. 19c H TfWi ' V,TH KVERY nmil, FOIMI l\ MODELS p|fe w gj ..lors, Evory Paris .lesigi.e, i rprrsent- l #% ■ *PI I A B \.t AT TWICE THE I‘KICK \ jgy&-'3 Copies f smart I'nriginn styles. All il ivllli styles so fa itliCn 11 s copied jau’ll k f A 111 |k*||_ £9 K SATURDAY -">.. - ir,,, “ -"*•■"• p 48 Won. Silk Dresses, zjyc 1 MMJ.JWMI ta| | R orTACfjp’Q I • "i j,,..,....,.... TBi ? C If Girls ’ **£*ir l,l l2 vtc • Jr ’ Ment Dress Panto, ’ '■ 4c it Children’s Rayon Undies, 5. ’ k”? lU*Z4 l! T.f g.f FEE ..3 C B ■ Men’s Fancy Hose, 8y 2 ° ' dSJZd 7c Boys’ Knickers, 35° ' £V£! 9v* pilce "SKS* IQ= 1 Men’s Dress Caps. 19t ' simpiictty 1 C |k BOYS SUITS... 5 1 49 , G in .o\i|M^ ODS J!*.?.?”""?- QQ A Mens Dress Shirts, 35c 3psrl Girls’ Spring Coats.*l • . lilSrmfe matches t V *****>*. 69°, 1 hats^Sc g-r-rl i2gnxrsO°L‘rr-r-l- 1- i

America, the total gold supply of Europe amounted to less than some individual families possess today. Since 1492. the w f orld has mined $22,413,757,717 in gold. Last year world gold production amounted to $494,240,370, anew high record. A paradox exists in that gold, rejected as a standard by indi-

vidual nations, immediately acquires a greater value. The prestige of gold has been advanced instead of injured by the events of the last three years when nation after nation has “gone off the gold standard,” the United States taking such action this week. Hoarding of gold, novc prohibited in the United States in quantities

THE INDIANAPOLIS TIMES

of more than SIOO, has been attempted frequently in the past. India at one time was the world's greatest hoarder. Although many pravite hoardings have been given up, much gold undoubtedly still is secreted in her vaults. Since earliest time stories of gold strikes, adventure of gold hunting or trading in gold have excited the imagination of men. On black Friday, Sept 24, 1869,

Jay Gould and James Fisk Jr. attempted to corner the gold market by buying all the gold in New' York. $15,000,000. The value of gold rose steadily during the operation, speculators aiming to carry it from 144 to 200. Wild excitement prevailed, but in the midst of the panic, the United States threw $4,000,000 in gold on the market.

Gould and Fisk won 511.000.000 before gold receded to its former value. The United States no longer mines the gold dollar, which as the unit of value is supposed to weigh 25.8 grains. Gold coins of $5, $lO ana S2O are minted, known respectively as half eagles, eagles and double eagles. The eagle is referred to by

workers at the mint as “the j goose.’’ * Gold is not the most valuable of metals Ones more valuable commercially include platinum, uranium, radium and vanadium. A pickle manufacturer in Aus- ; tralia peels onions by subjecting ' them to a fierce gas flame for three j seconds as they roll down an in- I | cline. thus burning off the skins.

'APRIL 21, 193S

COLE’S USED BOOK & MAGAZINE STORE Whfre vou c*n buv most of rh popular maeazlnp*. ' Oood Housekeeping. ' ' Cosmopoli: n 'led Book' and prarticalb all motion picture magazines for only r • •Geo era phic" and Mentors." a for 'iv 111 X. PENNSYLVANIA NT