Richmond Palladium (Daily), Volume 44, Number 184, 16 May 1919 — Page 9

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TIIE RICHMOND PALLADIUM AND SUN-TELEGKAM FK1DAY, MAY 16, 1919.

0ETTING-BACK-T0-N0RL1AL PROBLEM IS DISCUSSED BY SANBORN

By WILLIAM R. SANBORN When may we expect to get back to normal, as It relates to the cost of living .and to wages and salaries? , Our first question is: What do you mean by "normal?" Which of the many normals in our history? Do you mean the, normal of 1913 or of the panicky years when a shouting, bewildered populace clamored in the streets for the establishment of bimetalism at the immortal ratio of sixteen to one? And why? So that there mightbe enough cash in the country- to go round and thus assuring the fanner a fair price for grain and live stock and employment at living , vages for a million idle men. Higher

wages and higher prices was then the slogan. Our second question is: Why get back to any normal, .whatsoever? We are living m a reconstruction day. Old things have or are to become new; including many of our ideas and ideals. To speak of the "normal" of 1914, before the sky cot lapsed over Europe, is to talk in an unknown tongue in any part of the , world. Today the world overflows with money. This mighty river is iri flood everywhere. True, we are not all likely to drown in it, for there are shallow places in which a poor man can E wade, and mayhap even travel dryshod. It all depends.'fcf course. Normal Prices Not Sacred Let us then frankly admit that there is nothing sacred about normal wages nor normal prices, whethter In the JJTdsys of the Roman Empire or in the Mays of Woodrow Wilson. Having come to that decision, we shall be on our way. It was normal as many of us well remember to get a good meal in any country town, a meal that in

cluded two cup3 of. coffee, if desired,

of bank notes, bank credits, etc., In various forms. America has drawn gold from all the world during the past five years, . On June 30, 1914, the

gold reserve underlying the old national banking system was but 692 millions, compared with $1,786,000,000 on June 30, 1918. All this bulk of gold underlay the Federal Reserve banks and government note issues a year ago. Then we are to consider the various liberty loans, each bond of which has become available as money in the sense that It Is security on which one can borrow cash at the banks. . Now a credit at the bank is as good as the cash, if you use a check book.

The Increase of credit instruments of

many kinds has really -acted as an inflation of the currency, also the price of all that money will buy. It is evident, therefore, that there has been a universal influence at work which has elevated prices first of all. and then wages as a natural result. T6 all of this we are fast becoming accustomed. The dollar of the Fathers doesn't go as far, 6or does it need to, under prevailing circumstances, for we get more of them for our' toil 'or for anything we grow or produce. Whether the ratio of earnings in all lines and trades will "balance" with daily expenses and leave a margin to lay up for a, rainy day, is the all-important question. This is the one and only solution requisite at this hour. This matter being adjusted we may calmly await tfie future in confidence. What Professor Fisher Says. Professor Irving Fisher of Yale says "The main reason why business is not going ahead better is that most people expect prices to drop. This general conviction that prices are sure to

drop is putting a brake, upon the en-

food and to . make shoes, just as in "normal" times and we shall then realize that all things will come to a balance in due season, bnt at a higher than former level. But what does that matter, as long as we are able to do business and to live and enjoy life? The Time for Action. However little the wages paid in Europe at this time, there are no low priced goods over there. Prices nave advanced more, from their former levels, in Continental Europe than In this country,' and that advance began ever so much earlier than in this country. The fact is there are really no low

priced goods anywhere, and the sooner we realize that truth, and act ac

cordingly, the better for us all.

Sufficient for the day are the evils thereof. We have been looking toward the west; let us now face the rising sun of a new era, taking things as they are and as we find them now. All classes of men have been, waiting for months for prices to fall but they

stubbornly remain firm, in the mam. Should manufacture be curtailed

prices would ascend even higher, be

cause of present scarcity in many

lines. And with higher cost for manu

factured lines up would go the cost of raw material entering into these lines.

And to what benefit?

The one sensible thing to do is to go about our business in the old-fashioned, energetic way. Buy what we think we can sell, regardless of price if we are merchandising, and manufacture all the market will take if we are manufacturers.. As consumers we 6hould supply our wants as liberally as our means will . allow, taking all circumstances into due consideration. This is the one and only satisfactory

way out, not only for ourselves but for

all the world.

BRITISH BOY SCOUT HEAD TO TOUR U. S.

and mayhap an extra wedge of pie Jtlre machinery of production and dlsall for 25 cents. That was the price tribution. Readjustment waits because

the farmer paid at the country hotels

be It known, though the "drummer, i now salesman, was taxed 50 cents for the same spread. Well, all this was normal in its "day. Not long since we climbed to the hurricane deck of a 6tool In a country town restaurant, a restaurant so small that ten persons clamoring for food would " throw the whole works on its beam ends, and what do you. suppose happened. Why ham and eggs had climbed to fifty cents per. Coffee and potatoes were extra, likewise pie and, other trimmings for that delectable evening short-order meal, . It was normal at one time for a lady in a calico dress to range all over the farm, collect an apron full of eggs and to then go to town and tpend them for groceries and tobacco for her bewhiskered partner. And -it was normal, too, for her to be allowed along in early June down in the Ozark country of Missouri, five big copper .oents per dozen in cash, and six or

eeven cents in trade. ,: Along aboutr

then you could, mayhap, have bought

a barrel of brown sugar for a dollar; we are not sure, it might have cost two dollars. But at any rate, it was brown sugar all right, for. the people who sold eggs at those prices, ' and the man who worked at carpentering for a dollar a day, never indulged in "white" sugar. Gold, Currency and Credits.

- i ue result, ui a. kicai. iuliua

land silver has always resulted in an

inflation of prices, even when there

were no convenient banking systems

for the use of the people, and when checks were unknown in ' ordinary trade. Start a procession of a thousand

men and women down Main street, Richmond, some pleasant afternoon, j each with a thousand dollars cash in his or her pocket book and trade will at' once begin to hum and buzz. -It would make such a joyful noise that It could be heard in Indianapolis and in due time the echo would be heard in eastern factory towns through drafts and orders from Richmond merchants in' all lines, for each would do some of the selling and would need to replace stocks. - And Just that has been happening all over civilization, even in the countries at war, in so far as goods of any kind have been obtainable. It is axiomatic in the business wotld that"il the number of dollars circulated by cash and check doubles, while the number of goods and services exchanged thereby remains constant, then prices will about double." All the accumulated gold of the worM has been placed In government depositories within the last four years, as has also all the newly mined metal. Upon this pyramid of gold has been built a stupendous mountain

THIN NERVOUS FOLKS SHOULD r; TAKE BITRO- ' PHOSPHATE

we keep on waiting for . it. It is in

terestlng to observe that many manufacturers think that prices must come down. Including the cost of labor; but they are ready to demonstrate to you

that their own prices cannot come

down, nor can they pay lower wages.

Almost everything they buy costs

twice as much as before and their

labor is twice as dear." This, we take it, is a very fair presentation of the subject. Practically all manufacturers are in the same boat. It will be useless to rock it; they can only sit steady and row. But they must keep on rowing. The people need their goods, and have the money to pay for them. No man will hunger so long as he has a dollar to buy food, nor go barefoot if he can buy shoes; let's then continue to raise

EIGHT COMPLETE

TRAINING COURSE

The teachers' training class which has been meeting under the direction

of Professor J. O. Steendahl of Indiana

university, completed the term Wed

nesday night. The course is designed

to prepare tradesmen to teach their respective trades to classes of apprentices and beginners. Those who successfully completed the course are H. C. Pittman, Lee S. Hillman, R. J. Behringer, A. L. Wysong, George A. Maurer, John Miner, Joseph Moss and C. L. Summerson. ' It is' probable that another trem will be held next fall when certificates to teach will be issued, Professor Steendahl announced today.

( 0,1 'V' n 'T 1

Mm

AMERICA TO BUILD . '

SHIPS FOR EUROPE

played Just one other I. C. A. L. game with Butler on Reid Field, at Earlham. The Quakers won. , Both teams are evenly matched and

a close score Is expected. Gywnn will be on the mound for Butler and Tern-" pletln will hurl for Earlham.; V

WASHINGTON, D. C, May .15 Or

ders for possibly . three million gross

tons of ships to be built for. foreign

account in American shipyards .may be placed as the result of an order by President' Wilson permitting-the building of such ships provided It .could be done without Interfering with the construction of the American .merchant marine. The president's action was announced in a statement issued yesterday at the white house. .The order was suggested by Chairman Hurley of the shipping board. Norway Is expected to place large

orders, possibly 1,000,000 tons, and France and Italy probably will let

contracts for considerable tonnage. It was explained, but England is not ex-I pected to place any orders in American yards. , . At the shipping board It was explained that few orders could be placed immediately as the capacity of the yards for foreign account was yet limited. - ' ' , . .- ' In respect to the prices to be quoted by American shipbuilders to foreign Interests it "was recalled that the last price made for ships built in American yards was $170 a ton. All contracts for foreign ships will be placed privately, shipping board officials said, but under the general supervision of the board. v

No Medicine- Chest Without Its Family Laxative

j.

German chemists have developed a comparatively simple method for extracting pure oil of turpentine from fir needles.

Sir Robert S. S. Baden-PowelL Sir Robert Baden-Powell, chief of the British Boy Scouts Association, will come to the United States in the near future, it is said, and review the Boy Scouts of America through the country.

Earlham Nine Meets Butler At Indianapolis Today Earlham college baseball team will meet the Butler nine at Indianapolis for the final game of the season for both schools Friday. The ' Quaker diamond squad has

M

asonic

Calend

ar

Friday, May 16. King Solomon's Chapter No. 4, R. A. M. Called convocation. Work in Royal Arch degree. Light refreshments. Saturday, May 17. Loyal Chapter, No. 49, O. E. S. Stated meeting; initiation of candidates.

(Voinrn Need It to Br Ins rink Govr of Health to Pale Cheek and Forestall Tell-Tale Lines of Age. Men Need It to Make Strong, Vlfcoroua Dodlea and Steady. Nerves.

"Weak, thin people men or women are nearly always nervous wrecks; thus conclusively proving that thinness, ' weakness, debility and neurasthenia

are almost invariably due to nerve

starvation. Feed your nerves and all

these symptoms due to nerve starva

tion, will disappear.

Eminent specialists state that the

best nerve food Is an organic phos ohate known among druggists as Bitro

Phosphate, a five-grain tablet of which should be taken with each meal. Being

a genuine nerve builder and not a stim nlant or habit-forming drug. Bitro

Phosphate can be safely taken by the

weakest and most delicate sufferer,

and the results following its use are

often simply astonishing.

Weak, tired people regain strength and vigor: thinness and angularity give way " to plumpness and curves; sleep returns to the sleepless; confidence and cheerfulness replace debility and

s-loom: dull eyes . become bright, and

- Dale.- sunken cheeks regain the pink

elow of health. Bitro-Phosphate. the

use of which Is inexpensive, also won

derfully promote-, the assimilation of

food., so much so that many people re

port marked gains of weight in a few weeks. It is sold by the Conkey Drug

v Co. in Richmond and all good druggists.

CAUTION: Although bltro-phos nhate. is unsurpassed for relieving ner

ousness. sleeplessness and general

J Weakness, it should not, owing to its Memarkable flesh-growing properties.

Famous for its Continental Red Seal Motor

ELCAR FOUR - - $1175 ELCAR SIX - - - $1375

!

"

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Four passenger Chummy roadster gy $1375 Eour passenger

Seven passenger touring $1410

4-cyl. $1725

a i i to e

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FREE TO ASTHMA SUFFERERS A Stw Rome Cure That Anyone Can Use Without Dlaeomfort or Lom of Time We have a New Method that cures Asthma, and we want you to try it at our expense. No matter whether your

case Is of Iongr-standing or recent development, whether It is present as occasional or chronic Asthma, you shouM send for a free trial of our method. No matter in what climate you live, no matter what your age or occupation, If you are troubled with asthma, our method should relieve you promptly. We especially want to send it to those apparently hopeless cases, where all forms of inhalers, douches, opium preparations, fumes, "patent smokes", etc.. have failed. We want to show everyone at our own expense, that this new method is designed to end all difficult breathing:, all wheezing-, and all those terrible paroxysms at once and for all time. This free offer Is too Important to neglect a single day." Write now and then begin the method at once. Send no money. Simply mall coupon below. Do it Today.-

From the baby to the grandparents good laxative ! tb necessary medicine in the little ilia. It warda off aeriou sickness and saves doctor's bills. Many a cold has been prevented from running into grippe and pneumonia by its timely uac :';.-.- ".- v v.-v--Many a racking headache baa been quickly dispelled by It. And it is a laxative rather than a drastic cathartic or puigauv that should be in every family medicine-cheat, for a laxative can be used at all ages. ' -. - . , Thousands of good American families have for more than quarter century used a combination of simple laxative herb with pepsin known to druggists as Dr. Caldwell's Syrup Pepsin. It is a laxative-tonic that acts on the bowels and stomach. - Infants take it with perfect safety, aad it is equally effective for grownups. 5 ''.-" ' . . Grandparents are now seeing their children give it to thdr babies. It is excellent for all the family in constipation no .i matter how chronic, indigestion, wind colic, biliousness, headaches, dyspepsia and similar ilia. . r ' Tho druiat will refund your money it it tmOrn - to do am promised.

Dr. Caldwe&s

PRICE AS ALWAYS Xo spite of cjulUV Increased laboratory eosts doe to the War, by ssenfiema ppofits and absorbing war tans we have aoaintainted the- prtca at which this family laxative has been sold by druggist far the past 36 years. Two liiTS SOcaadSLOO.

OYRUP1DEPSIN

' The Perfect il Laxative FREE SAMPLES If yon hare never wad Dr. Caldwell's Syrop Pepsin send (or a free trial bottle to Dr. W. B. Caldwell. 46S Washkigtaa St., MocticeHo, IB. If tbera are babies at home, aak far a copy of Dr. Caldwell's book, TTb Care of Baby.'

FREE ASTHMA COrPOX FRONTIER ASTHMA CO., Room 301 F. Niagara and Hudson Sts., Buffalo, N. Y. Send free trial of your method to:

We Knew You Would Come Back Regardless of the fact that Eastern coal was next to impossible to get, last year our sales increased over one hundred percent. We believe that it is through sincere gratitude that our trade, remembering our service of last year, is ordering early and safely. We are now in a position to take orders on all standard grades. Better Order Early

ichmond! oaS

orripariy

Telephone 3165. Yard & Office N. W. 2nd & Chestnut

1 "gr

Comfort First

About now the genus man begins to take an unwonted and mysterious interest in time tables, fishing tackle and golf sticks. You , will find him rummaging in bureau drawers for last year's sport shirts the ones with short sleeves and no collar- And "Wonder what Mae did with my knickers?" becomes a burning question. For it's the good old summer time.The days - of outdoor sports are here of vacations and of hot weather clothes. The Slogan of this sportive season is "Comfort First." Collars and shirts must be soft, suits skeleton lined or liningless. shoes low, hats light, socks summery, ties tubable. Stocking up with these seasonable

essentials is one of the joys of returning summer. Lives there a man who , doesn't look forward to that warm Saturday after-

llwlilF

noon, when he will walk into the clothing store and plunge right and left on Summer things? And when you get them home' there's the thrill of trying "eriv on, of looking at "em this way and that, the satisfaction of feeling you got a bargain. , Best of all is the wearing of them. Are you prepared for the warm days ahead? Is there a suit of cool flannels hanging in your closet? Are there plenty of sleeveless, soft collar shirts in your dresser ready for half holiday comfort? Have you a featherweight cap for the car and canvas shoes for links and tennis court? Take an inventory of your hot weather needs

Supply them today. Summer will come with a rush. Be ready to meet her in proper gear. Shop early and

11.

The Richmond Palladium

be used bv anyone who does not desire I

to put. on flesh. Adv. I