Richmond Palladium (Daily), Volume 44, Number 172, 2 May 1919 — Page 6

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THE RICHMOND PALLADIUM AND SUN-TELEGRAM FRIDAY, MAY 2, 1919.

THE RICHMOND PALLADIUM

AND SUN-TELEGRAM

Published "Every Evening Except Sunday, by Palladium Printing Co. Palladium Building, North Ninth and 8aflor Streets. Entered at the Post Office at Richmond, Indiana, aa Sec ! ond Class Mall Matter.

MBWTTER OF THB ASSOCIATES FBBSl The AaoctaU6 Pr la xdurtrely ntlUsd to the n for republication of all nws dlcpatcbea credited to It or not otbor ! credited In this caper and also the local new published herein. All right of republication ot spe telal dispatches herein are also reserved.

The Terror Plot The plot to assassinate government officials

and men prominent in business and professional

circles by bombs calls for only one answer: Hemp

and bullets for the radicals who are striking at

the American government.

This country may be tolerant. It was so for

many years while German propagandists and plotters sought to undermine our morale and

wreck our nation. But it also believes in strict accountability, evinced bythe stern and relentless manner in which it curbed the Huns in this country. - The latest manifestation of the workings of radicals, seeking to kill members of the cabinet, judges, and leaders in business and the professiona calls loudly for drastic punishment of the evildoers. The time has passed for a good natured tolerance of bomb plots and a forbearing attitude toward the men who engage in them. There are no mitigating circumstances. The hand of a tyrant does not rule this land, infringing upon the rights of the people, forcing them

into poverty by exploitation, and denying them a I

full participation in the government. Here the people are kings. They, are the government. There is no reason why a hand should be raised against the republic. And the , anarchist and "Red" who tries to assassinate an off icer elected by the people should be forced to pay the supreme penalty for his attack on the representative of the people.

Why the Victory Loan Must Not Be Left to the Banks Great damage to the business interests and the national welfare is bound to arise if the banks of the country are either permitted or forced to buy the greater part of the Victory loan issue. The disposition here and elsewhere to look upon the banks as the medium to absorb the Fifth Liberty loan must be curbed at once, if the whole country, employer and employe, is not to suffer from the consequences of this folly. Rey B. Westerfield, assistant professor in the department of political economy, Yale University, in an article in the Annalist says: "If the banks are forced to subscribe to the greater part of the Victory Loan there will follow a reduction of liquidity of assets, rise of the price level, decrease of bank credit available for necessary revivification and stimulation of industry.'" He says the banking safety is threatened by the financial slacking of men and women who will not do their duty toward the last war loan of the government. In his discussion of the fact that the subscriptions by the banks will reduce the liquidity of their assets, Mr. Westerfield says: "Deposits of commercial banks are demand liabilities. The deposits of member-banks with the Federal Reserve Banks and the Federal Reserve notes are likewise demand liabilities of the Federal Reserve Banks which must stand ready on the instant to redeem the Federal Reserve notes in lawful money to meet the drafts of the member banks and to discount such rediscountable paper as the members may offer for sale. But the cash kept on hand and with its reserve agent by any bank is nearly equal to the sum of its demand liabilities. It is, therefore, necessary that a large part of its earning assets consist of items which can be converted into cash very readily. The safety of our banking system hangs upon this liquidity of assets. "This leads to a consideration of a second strong objection to asking the banks to bear the burden of the Fifth Loan, viz., that it will cause inflation of bank credit and with consequent uplifting force on the price level. The strongest objection to the financing of war by bond issues

i3 just that. The banks are requested both to buy great quantities of bonds and to facilitate subscriptions by their customers through loans. Both these operations create and put into circulation great amounts of bank credit. 'When the bank advances, say 90 per cent of the cost price to the customer on the basis of the purchased bond as coDiteral, it does so by crediting the purchaser's account with deposits and these are im

mediately transferred to the government, which draws against them if needed to make purchases

of materials, etc Obviously if the sub

scriber simply draws against his bank balance already existing and not' freshly created by borrowing, he simply transfers purchasing power

from himself to the government and does not add to the sum total and does not raise the price

leveL It is unnecessary to point out the evils of

inflation or to see that the price level is unduly

high; that it is highly desirable that no fiscal op

erations should push it higher .or even maintain it where it is; that the crying need of the hour

is speedy readjustment to a peace basis, to a

stable price basis ; that the country of the allies which first arrives at a normal basis will have a

tremendous competitive advantage in world trade. To ask" the banks to perform a large part in subscriptions to the Fifth Loan will therefore continue the present hesitancy in the business world. ( "The third reason for a small participation of the banks in the loan is that the credit should be conserved and devoted to facilitate commerce and industry rather than government loans. During the war various expedients were employed to

limit the expansion of bank credit ; it resulted in a smaller demand for commercial

credit except for essential industries and left the banks freer to subscribe and help others subscribe to the Liberty Loans. "The situation is now largely changed: The need for loans for the government is not abated, but there is an insistent need that industry be readjusted, revivified and stimulated, and that the present halting and hesitant period be cut as short as possible. m The business world in other words is quite as needy of credit as the government ; the banks should be permitted, as far as possible, to perform their , proper commercial functions and be relieved of the added burden of carrying the fifth loan.' This stricture upon business can be obligated only by having the loan largely subscribed by the people from their savings. Goading the banks to do their full duty to the business world and at the same time shoulder the Fifth Loan is to court danger. "From a financial, social and political point of view, it is objectionable to ask the banks' to assume the loan. If they do take it, it is understood that they take it only as a temporary investment, as they are able to do so without too great a sacrifice they will keep unloading these bonds on the market ; this will keep down or drag down not only their .own price for a long time to come, but also all other competing securities. The people should subscribe the loan and remove the bonds from the market and hold them as permanent investment. Wide holding of the Libert v Loan

will stabilize the price of these bonds; and, because the volume of these bonds is so large, the future securities and many markets will be largely determined or influenced by the number of these bonds." Even the person who has only a rudimentary knowledge of business activities will see at once that if the banks are compelled to invest their money in these bonds, the amount which the banks will have on hand to loan to persons needing money for private or business affairs will be limited. One service of a bank to the community is its ability to loan money to persons who need it for business or other purposes. If this money is invested in bonds, and tied up, the banks will not be able to make loans readily. Or looking at it from another standpoint, if a person who has a $100 bond wishes to borrow some money and wants to put up the bond as collateral at the banks, he will find, if the banks are overloaded with bonds, the banks will not have the money at hand to make the loan. This would -force the bond holder to seek money elsewhere and he probably would be forced to sell his bond to the man who has ready money, which, would drive down the price of bonds. The best way to stabilize the price of the Liberty Loan bonds is for persons to hold their bonds and to purchase Victory Bonds so .that the banks will not be forced to use tremendous sums of money to subscribe the present Fifth Loan.

WHERE ITALIANS WOULD DRAW BOUNDARY LINE FOR JUGO SLAVS

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Living Costs

From the Indianapolis News. , THE preliminary statement of the national Industrial conference board shows that since the signing of the armistice the cost of living has decreased

only about 3 per cent. The war Involved an Increase of about 60 per cent in the cost of living. The fact that there has been an appreciable decline Is of course encouraging, but the Important circumstance that It costs the average family more than half as much again to live today- as It did five years ago is still the main factor to be reckoned with. It challenges the attention of every thoughtful man. Dealt with aa an Isolated truth, the agitator can satisfy his most insane ambitions by merely restating it In terms ot living and wages.

In the ideal state, there would be some kind of auto

matic recognition of the relation between the purchasing

power of the dollar and wages. ' But the ideal state has never been established. This country goes a long way toward approaching it, but economic laws in all their Intricacy , still . govern. The government has co-operated with labor organizations to introduce an element which savors of a public subsidy, which, however, is very small In a perspective of the Industrial and commercial fabric. But It is not inalgnlficant Viewed from one angle, it sets

a precedent which the man who lives from one pay day to the next Is only too likely to set up as a panacea for 111 ot the troubles Incident to the adjustment of the supply to the demand. .

An increase In the cost of living of such magnitude and sustained over an extended period is as dangerous in its decline as in its' growth. Its growth was accompanied by the excitement of , war, when normal people were willing to put up with almost anything that could be constructed as a contribution to victory. With victory at hand and peace In sight, however, there is a very strong publio tendency to consider the war as a closed incident Perhaps if this nation had suffered more in the war. had lost whole divisions In battle and felt itself in terror of defeat, the problem would have been differ

ent But it is a fact and not a possibility that confronts the public mind the fact that any war bites deep and leaves scars. One fault Is certainly the want of sound leadership in smaller phases of national life. There is a great need of men who realize that any political creed which does not consider the sluggish response of living costs o prosperity and offer a constructive program of readjustment Is likely to find Itself out of the current of public life. Bolshevism is not a -recognized danger in this country, nor is hunger proved, but there has arisen a condition which transforms the v orderly establishment and main tenance of a home into something like an adventure, and a people In that stage ot evolution Is peculiarly susceptible

to the wiles of unbalanced leaders, men who lead for the intoxication of a foUowing rather than for the betterment' of humanity. . . -

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River Racine, where Croatian' territory will end if Italy succeeds in obtaining Flume.

Italy still seems obdurate regarding the seaport of Fiume, which President Wilson insists be eiven the Jugo-Slavs for an outlet to the Adriatic sea. In this photo, to the left of it and the River Racine (running: through the center of the photo), is Fiume,

while at the right of the photo and river is the city of Sussak in the state of Croatia, which is now on of the provinces of Jugo-Slavia. The bridge crossing the river is the railroad line to Bddapest. Should Italy receive Fiume this river will probably form the bor

der line between Croatia and Italy. In 1900 Fiume's population was given as 88,855, divided as follows: Italians, 17,354; Slavs, 14 886; Hungarians, 2,482. and Germans, 1,945. The city has been fat many hands since its origin.

THE GEORGE MATTH EW ADAMS DAILY TALK

THE BIRDS

I was walking in the country the other day and picked tip a marvelous nest it was the former home of an oriole. How wonderfully it was constructed. It. was of a gray color and the soft Interweavings ot material used In its construction sent a thrill through me aw I thought ot all the transformed mother-love of the world, touching even the life ot this little bird as it built its nest You who say 'there is no great Care-ing Influence in the world somewhere go out and feed and play with the blrdsT Is ask not how valuable the time of a man or woman never could it be wasted through thought and love given over to the birds of the air! -: How often have I been thrilled by the songs of these very birds, on awakening early and hearing their magnificent concerts. No instructor in voice culture could ever improve upon the songs of the birds. Their own natural life, bathed by the sun and strengthened by the wind and rain and storm, is In Itself an inspiration to all of us who are able to think to plan. When I get to the point where I feel that the strain of work and daily business, and the unnatural Irritations of every-day life are beginning to push my nervous equilibrium off its track, then I am going to get Into the woods as quickly as possible, and have a bird sing to mel . -. .f--Whole books have been written upon the usefulness of the birds ot the world. This would have been a very strange place to live in, without them. For they are our messengers, our comforters, I feel, from the undiscovered Heavens. Let us never harm the birds. They are too beautiful, too gentle, too gifted, ever to be the recipient of harm from any of us. However, 'let us learn from the birds. Perhaps they learn a great deal from us!?"

Dinner Stories

Where Was First Coimty Seat Laid 1 Out by Pioneers?

Good Evening BY ROY K. MOULTON

Live inner slaughter house on Outer Slaughter avenue? FOR RENT Four room house on

Slaughter avenue. Inquire Gerllng

249

Place, R. R. A.

Germany is said to be raising a large army In secret, probably meaning the army of the unemployed. Chicago judges have begun wearing the old fashioned gowns while on the bench. An - up-to-date community would probably demand pajamas. "Ludendorf is a hard-headed, military mn," says an European observer. We would say hard-headed is hardly the word. Adamantine-headed would be better. , Butter costs $24 a pound in Petrograd, but it makes 10 difference because there isn't any. ETERNAL TRIANGLE AGAIN. "Miss Mary Wixted and Peter Connecticut and A. F. McNeal of this city, were married at the Episcopal church at Waterbury. Mr. and Mrs. J. F. McNeal were in attendance at the wedding." Marion (O.) Star. Frank Ward of Richmond is a genius. Recently a sewer pipe became stopped up and the task of finding the stoppage involved tearing up the line from one end to the other. Frank Ward found a good-sized turtle near the Crispen mine. He cut a hole in the shell, put a string through it, put a hole to the pipe line at a Joint, put the turtle in the pipe and told it "giddap." It promptly began clawing its way through and when it stopped to rest a tug at the string was enough to start it again. It cleaned 214 feet of pipe nicely, and the tide rolls on.

Deacon Dobson

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WITH THOSE IN ARMY AND NAVY

This column, containing news of Richmond and Wayne county soldiers and sailors, will appear daily in the Palladium. Contributions will be welcomed.

Roy H. Bucher, of Huntington, Ind., a nephew of Mrs. Clarence Mahew of North Ninth street has arrived in this country, being's, member of the. One hundred and fiftieth Artillery which docked five days ago. Clel Oler, of near Grensfork, has arrived at his hpme following several months , overseas service. Harry Meerman has reached the States. He served overseas with the American Expeditionary Forces for twelve months. ' George Petry is spending a furlough here. .He is stationed at Newport News. Va. .

IT'S EASY SAILING A home garden makes life a happy voyage, bringing health, wealth and happiness, saya the National Wat Garden Commission of Washington. . . , It's easy sailia' o'er life's sea, I think you with me will agree, if we but pin our faith and hope to catalogues o' garden dope. Th' picture o', th' tom-a-toe, directions say that I can grow, is painted up in brilliant red, that gives me visions in th' head. On onion packages I find, a gem o' art that shows taVkind, o' onions that I sure will grow, if I th' little seedlets sow. Another package trim and neat depicts a luscious lookin beet, th' artist shows th root and tops, and hints o tenderness he drops. Th' radishes are red and white, and make a feller want to bite, or peel 'em with his pocket knife, because they are so true to life. On lettuce packages I see a work o art that pleases me, th' fluffy, tender, Juicy leaf, that turns my thoughts from pork and beef. String beans are shown in golden hue, in form and color they are true, th' pods hang heavy on th vine, as seen in good old summer time. And here's a gem my heart to please, It shows a pod o early peas, th' artist surely peas has seen, for pods are colored nice and green. And other packages o seeds, supposed to satisfy out needs show gems o art so rich anl rare, I hanger for th garden tare.

Trepasey Chosen As

Base For V. S. Flighi

(By Associated Frsa)

NEW YORK, May 2. The start of

the trans-Atlantic flight by United

States navy aeroplanes will be from Trepasey, New Foundland, it was announced today by Commander John H. Towers. From Trepasey the planes will fly to the Azores, then to Lisbon, Portugal, thence to Plymouth, England. From Rockaway beach, where the planes are "tuning up, they will fly to Halifax, and from there to the starting point in the bay at Trepasey. It is planned to maintain a speed of 69 miles an hour while crossing the Atlantic .

The soldier whose specialty had been sewer trenches for some months past, was found leaning on his shovel. "What are yon dreaming about now? the non-com askeL . "I was Just thinking." responded the shovel weilder, that if these ditches were straight up and down Instead of lengthwise, I'd have dug my way back, home long before this. A striking Instance of the forcefulness of American "slanguage," to which reference has been made in this column, is afforded by one of America's leading preachers. The speaker, a doctor ot divinity, was addressing a Canadian audience on Uncle Sam's war efforts. In & 90 minute talk there occurred, among others, these "gems." "We are on this job to a finish. We are prepared to fight till hell itself freezes over, and If Germany Isn't beat then we'll buy skates and get after her on the ice. "This kaiser Is the biggest duplex, double-acting, high-powered liar of history. He told his people the Americans could never get to France. Well, he and his people have another guess coming."

Milton, Ind.

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The Embroidery club met Wednesday afternoon with Mrs. Will Brown. . . .Mr. and Mrs. John McSIpple of Newcastle were Sunday guests of Mr. and Mrs. Fred Murley....Mlss Violet Murley is in Cincinnati the ruest of Miss

Mary Prunelle.... Louis Johnson was

home from Purdue to spend Sunday with his mother. .. .Mr. and Mrs. Oliver Beeson had as guests Sunday Mr. and Mrs. Will' Wallace Mr. and Mrs. Lin villa Wallace were guests of Mr. and Mrs. Ben Copeland near Connersvflle Rundftr nftomiv-m fr

Luke Gentle of Richmond is visiting

ner sister, Mrs. John Brown.... Mrs. Hattie Heist, Mrs. Alvin Lowry, Mrs. Will Scott Mrs. Luclnda Ferguson and Mrs. Vene Beeson attended the countv meetine of the Rebekaha at Canter.

villa Tuesday.... Walter Templin and

daughters, Louise and Mary Catharine and Miss Maud Templin spent Sunday at Mlddletown, O Mr. and Mrs. Oliver Wallace were at Centerville to attend . the dinner given by Center township in honor of their service men... Milton relatives received word of the death of Dan Schuder at his home in Boswell, Ind, Friday...... Park Hess who is in service in France has sent to his mother, Mrs. Dan Hess, a very beautiful vase he made from shells he picked ud In the Arranna

forest The vase is on exhibition ut

the postoffice. Park recently visited the grave of Ralph Moore. The boys were classmates in the Milton schools Mr. and Mrs. Charles Ferris and son, spent Sunday with Mr. and Mrs. Roy Mills near Straughns. Mrs. Mills has but recentlv returned frnm a v4a

with Dr. Anna Mills at Urbana, m.

A. P. Bennett having been appointed British Minister to the Republld of Panama, Mr. Beak has resumed charge of the British Consulate-Generat at Zurich.

SPLENDID WAY TO REDUCE YOUR WEIGHT There Is perhaps no one thing that so plainly shows the passing of our youth as the horrible tendency to put on too much weight after we have reached the age of 25 or 20 years. However young our faces may appear, the sagging, flabby figure and fortyinch waist "gives ns away." The cause of this over stoutness is that our stomachs convertthe food we eat into fat because there is not enough oxygen In the blood to produce a proper combustion to destroy the excess tatty tissue. Fat people will be pleased to learn of a simple home method that Is wonderfully efficient in reducing weight, quickly and easily without a starving diet violent massage or strenuous exercise. Go to any drug store and get a box of Phynola; take live grains after each meal and at bed time. This treatment will often give quick relief, from overburdening fat Phynola taken at meal time assists the stomach in. giving you the benefit of the food you eat; at the same 'time dissolves the fatty tissue from any part of the body where there is excessive fat By this method many have reduced their weight a pound a day and ' there Is no flabbiness left Conkey Drug Co. can supply you with the genuine Phynola at a email cost Adv. ........ . . .. .

How many people know where stood! Sallabmy, the first county seat of Wayne county? The site of this early town la now farm land, with, no indications that It was ever a village, and it stands somewhere In township 13, range . on a farm owned in 1870 by V" Bailsbadc The1 act authorising the of a center of justice for the county. instructed that it be placed near the geographical center. The commissioners. John Addlngton, George Hotman and John Cox. fixed a site about three-fourths ot a mile north of Centerville, but the county court refused to accept this, and appointed three other commissioners, who fixed it as above. .. (. A court Jiouse for temporary use, ot logs, was built and a log Jan. Then a permanent courthouse of brick waa constructed, and the town was Incorporated, the e aril set in the county. The citizens . now looked to a long career of prosperity for their village. But they were disappointed. Centerville wanted the courthouse, and in the midst ot bitter strife, secured the passing of an act tn 1816, which, authorised its removal to the latter town-. The act provided, however, that Centerville must provide buildings a good, for the. housing of the county government as those which, stood at Salisbury. - : r The buildings at Salisbury were tax' en down, and the town rapidly went to decay. Building material, especially brick, were too precious to waste so they were brought to Richmond and the bricks in the first bntWng on the southeast corner of Mais and Pearl streets, now Main and Fifth, were brought from Che old courthouse at Centerville, u"

Memories of Old Days In Thle Paper Ten Years Ago Today

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Severe weather with, mow and sleefl arrived. The population of Richmond had in creased In size over the city two yeara before according to census enumerators. " . The sale of all kinds of postal supplies had Increased over previous years.- -: - Daughters of the American Revolution met at the Westcott

LIVED ON PINT OF MILK PER DAY, TOOK PEGEN, EATS WELL

JOHN WARNER "Although I am now past three scora years and ten I feel Ilka a rompxngs boy," sas John Warner, proprietor ofi a shoe shop at 100 William. St, Evan. ville,Ind. "Listen. This is how I felt when X began taking Pepgen. For more than a year I suffered with rheumatto pains in my head, limbs and knees, "I am a shoemaker by trade, and often during the time I had these pains when I would go to arise from my bench on which I sit when at work, they would almost draw me double. It took several minutes before I could stand on my feet Any person who saw me getting off my work bench then would scarcely recognize me as the same person now. "My rheumatic pains were so bad at night that it was bard for me to bear the weight ot the bed clothes, and therefore I often laid with my feet uncovered. . "I suffered so intensely that my sleep was broken. It was Indeed a rare occasion tor me to get a good night's sleep. "Now, as to my appetite; well, I didn't eat much. . I have gone to the table scores of times and drank a glass of milk, eating or drinking nothing else. "One day when I was feeling miserable I picked up an Evansvllle newspaper and read about how Pepgen was relieving thousands here in this city. That started me to thinking. I said to myself, 'I wonder it it would help me? Later on I noticed another advertisement and then another advertisement every one of them containing the names of people who said they were benefited. I knew It would be Impossible to have so many people recommend Pepgen If it wasn't good. I reasoned that where there was so much smoke there must be some fire, so I obtained a bottle.. The first bottle made me feel like a different man. I was so pleased that I secured another bottle, which gave me equally as good results. ' I have now taken several bottles and this is the way I feel. "I have no rheumatic pains In my limbs and knees; no, none at alL My sleep is sound and refreshing. I eat heartily, as I am always hungry when mealtime comes. My color has Improved." . , Get Pepgen at ThlstlethwaifVr drug stores or any other first class drug store anywhere.--Adv. .

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