Richmond Palladium (Daily), Volume 92, Number 84, 8 April 1922 — Page 9

Triii luCiLuOii F ALLAihUii Al It bU&-?ELbujuJA. iuwiMOxND, 1ND., SATURDAY, APRIL 8, 1922.

PAGE ELEVEN

GREENVILLE YEGGS nil rn mmp nun

& rAEL i u ihhivc haul

AT REFINER'S OFFICE

GREENVILLE, Ohio. April 8. Safe blowers failed to obtain anything for their trouble when they visited the office of the Refiners Oil company early Friday morning. Although. the safe knob was blown off with nitroglycerine the yeggs left before gaining entrance to the safe. The building was entered by jimmying a window. Onier Routzong, employe of the oil company, discovered the attempted theft upon arriving at work Friday. It is said that only a small amount of money was in the safe. Second Amended Petition. A second amended petition has

filed in common pleas court in the

case of George Eowen against the P. C. C. & St. L. railway. The plaintiff in "his petition states that on May 24, 1918, while said railroad was under government control, that he shipped a carload of hogs from Glen Karn, Darke county, to a commission firm in Pittsburg, Pa. That while said carload of hogs were in transit that 26 hogs died through the neglect and carelessness of the employes of said railroad company and that when the shipment reached Pittsburg that another hog was found dead in the car and that two more were iniured. that the Injury and

death to said hogs was on account of,

carlessness and negligence. The petition asks for . damages in

the sum of $1,164.80 with Interest from i May 1918.

Probate Court Matters. Eliza E. Reichard, administratrix of the estate of John H. Reichard, deceased, returned order of re-appraisement of real estate. Order of public sale of real estate issued in same case. J. C. Sensenbaugh, administrator of the estate of Anna Sensenbaugh, deceased, filed first and final account. Same filed petition to fix and determine inheritance tax. Will of Tillie Rentz, deceased, admitted to probate and record. Emma Ratliff, appointed executrix of the will of Tillie Rentz, deceased. Bond $7,200.

You Laugh Because Well, Look!

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SQUIRE OF LIBERTY . ATTACKED BY WOMAN

LIBERTY. Ind.. April 8. Mrs. John Maley was placed in jail Friday for a vicious assault on Squire J. C. Smelser in his office. She began a tirade whilo Mr. Smelser was using the telephone, and on being told when the trial of hr son would take place, she began to call him names, according to Mr. Smelsor. Mrs. Maley was told to leave

the office, whereupon the squire attempted to put his hand agninst her for the purpose of emphasizing his statement. The woman immediately sprang at him, scraaching his face severely. J. M Freeman, who was present, came to the squire's aid, and Sheriff Craft arrived soon after to take care of her. On the way to the ja'' Mrs. Maley refused to go after she had gone some little distance. She lay down in the road, and it was only by the assistance of a passing automobile driver that she finally was lodged in jail. The case will come before Judge Tague.

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Why do you laugh? Victor Hugo's greatest English story, "The Man

Who Laughs," showed the purely mechanical feature of a laugh. He wrote of a child taken in infancy and mutilated by a criminal band. The face prob

ably never having had a natural smile, continually laughed. It was the limit of facial expression of mirth, although it merely represented pain. But as to the rest of us, why do we laugh? Above is George Hartzell, dean of circus clowns, in a typical augh-producing attitude. He is making Jeannie Rooney (left) and Cinna Styo smile right out loud.

Printing Press Money in Europe By FREDERIC J. HASKIN

The construction of the newest and largest theatre in Boston wa3 supervised by a woman Miss Ann Dornin, a native of Norfolk, Va., a graduate of the architectural school of Columbia University and believed to be the first of her sex to become a supervisor for an architect.

"WASHINGTON, D. C, April 8. Students of international finance and economics are aware of a new development in connection with the depreciated currencies of Eulrope. These currencies have constituted one of the most vexed problems brought, on by the war. The need for greatly increased sums of money, brought about by the war cost, was met by most of the nations by the issue of paper currency without relation to gold reserve. In normal times the paper currency of of a nation has definite gold reserve generally about 40 per cent. The

emergency of war caused the abandonment of this reserve by all beligerent nations excepting the United States, because the national treasuries of these nations lacked adequate gold to maintain the reserve 'ratio. In the United States the Treasury and the Federal 'Reserve Banks discouraged use of gold and gold certificates for general circulation and ac

cumulated the greatest stock of gold ever assembled in the history of the world. It was withdrawn gradually from "circulation and piled up in the

Treasury and the vaults of the Fed

eral Reserve Banks.

An inevitable result of this policy

was that, during the war and follow

ing the armistice, the European print-

from the retarding element of a gold

reserve, kept on running at high speed, turning out realms of paper

money which went into circulation

It is a natural rule that the increase

of the supply of anything makes it cheaper. This is a true of money as of coal or potatoes. The result was that his plentiful supply of paper money made money cheap. In other

words, people who had consumable

goods to sell would not exchange them for as small a quantity of the cheap money as of the old fashioned

money, backed by gold. This meant

that prices rose. The United States

experienced inflation of currency but of milder character. The gold standard was not abandoned here. Prices rose in thi3 country one or two hundred per cent, in some cases, but in Europe, they rose thousands of per cent. . . Exchange Hurts Europe A further, result was that European money being cheaper and more plentiful than American ' money, foreign cxehange became unfavorable to Europe. That is, European money would not buy as much here as American money would buy in Europe.- : There Is a law of economics, known as Gresham's. law, which lays down the rule that, where two kinds of money are in circulation and one is much Inferior in value to the other, the more valuable type will retire. People who have it, believing It to be of greater value and therefore more worth keeping, will hoard It away. This was done to a great extent all over Europe. As the inflation progressed, people who had gold pieces or silver money or paper money of nations In better financial 6hape than their own hid this wealth away and used the more plentiful - cheap cur

rency. ' The extent to which European inflation has gone 13 notorious. The

European news cables Very day say something of the difficulties being experienced as a result of the inflation. The Russian ruble and the German

mark are favorite comic picture and vaudeville theatre jokes because they have become so cheap. It now costs more than 10,000 rubles to buy a meal in Russia. -

The German mark, which in nor

mal times was worth, at what is called

trie par of exchange, nearly a quarter in American money now is so cheapened that you can buy three marks

ror an American penny. The Austri

an crown has been as cheap as 3,000

lor u. a iu Dill of American money in Russia would txchange for enough rubles to make what would have been a Russian fortune before the war.

Trade, especially international

trade, has become very difficult un-

aer tnese conditions. The problem of restoring these currencies to something like their normal value has perplexed European financiers and economists ever since the inflation started. It is one of the big questions; before the Genoa conference which has been called to solve European economic and political problems. The United States declined an invitation to this conference, partly because of the dangers of becoming involved in bo unstable a condition of affairs as that created by cheap currency. Development Surprises Experts Now, the new development which has surprised economists in ennnprt.

ion with this situation is the discovery

max mere is a tendency on the part

01 Europeans to Dnng about a hitherto undreamed of method of correcting the inflation. Many plans have been suggested but none has been found practical. The new development is one which, if it contiues, will tend

to correct -the situation without the1 aid of conferences of politicians. The development is hailed as a reversal of Gresham's law. Fact seems to be that the People of Russia, Germany and Poland and some of the other nations having badly depreciatFederaJ Reserve Banks would not ed currencies have become bo dis-, guested with the nuisance of dealing with cheap money that they are bringing out of hiding their hoards of gold and other valuable money. A case illustrating this ' new development recently was reported by a British trading firm. This firm sold a bill of goods to a- Russian dealer in Rostov. Payment was received in a miscellaneous assortment of cash. It consisted of American gold, check drawn on American banks, American bills of exchange, English currency, and checks, Turkish gold and checks, and notes, French currency , and checks, and Russian gold rubles. Obviously, with the exception of the checks, this payment was made from good money which doubtless had been hoarded since the war. Agents of the American Relief Administration in Russia have reported

similar instances of people bringing

cut gold and other metal money. The same is true in Poland, Germany and

Austria. Currency Revolution Seen

. What economists see in this de

velopment i3 the possibility of a grad

ual revolution in European currencies.

For instance, the Russians have dis

covered that their rubles are nearly useless but that they can get big value for British or American or other good

money. Consequently they will try to

get hold of as much of this foreign

money as possible. In early days in Europe this same phenomenon occured. Money issued at the great banking centers of Venice,

Antwerp and a few other cities came into general use all over Europe, displacing cheaper native currencies because evrybody knew it- wa3 good money. Recently, the United States Treasury removed the ban from the free issue of gold and gold certificates. It is thought possible by economists and students of international finance that a, good deal of this gold money,

known all over the world as being the best obtainable, will reach the countries abroad having depreciated currency and become popular as a valuable medium of exchange. This has not been possible until the last few days because the Treasury and the let gold go Into general circulation, but now it is possible for foreignborn Americans to get this money and send it to their relatives abroad. It is recognized that this process

POLAND CHINA HOG 1

BEEDEBS WILL HOLD r

ELECTION APRIL 21 (Special to The Palladium) CENTERVILLE. Ind., April 8 Pol

and China breeders from all parts of Wayne county will assemble in Center-

ville Friday, April 21, for a special meeting, aecording4o action taken by a gathering of a few breeders in that town Friday night. The annual election of officers will be held at this meeting and special business mafters . considered. As a further inducement for a good attendance, it 'was decided to serve a formal banquet, and Walter Sanborn was ap

pointed a committee of ono for this. A committee of two, Ernest Watt and H. J. Reynolds, was appointed to meet with other committees in Richmond on Saturday for a discussion of a county show, and the question of price for club pigs was left for settlement by agreement between the committees representing the differcrt breed associations. A uniform price will bo charged for all club pigs. The treasurer's and other reports were presented Friday night. Election of officers was scheduled for this meeting, but was postponed until a more representative gathering couU be assembled. ,

Order Another Carload Gl Certified Seed Spuds Another carload, of certified seed potatoes has been ordered by the Wayne county farm bureau, in answer to the

demand that developed too late to get in on the first tour carloads. This last car will arrive about the middle of next week, it is understood. The three varieties of Cobblers, Rural New Yorkers and Early Ohios have been ordered and the price will be about $1.90 a bushel. ;

Maize is cultivated by the Peruvians at a height of 7,000 feet above the eea. -' '- :

Y. M. C. A. OFFICERS MEET CULVER, Ind., April 8. Seventy, five newlv elected officers of the

Young Men's Christian Association, attached to various colleges and universities in the central West, began a three-day conference at the Culver milr itary academy here Friday. Speakers on the program included Fred Hanson of Iowa, Alva W. Taylor of Indianapolis and "Dad" Elliott of Wisconsin.

52 E3?

"L,vn arid

Snappy Spring Clothes

Hand Tailored Reasonable Prices G. H. GERLACH, Tailor 1031J Main St. Over Farwig's

of substitution of foreign money for the depreciated native currencies would be a slow one, but some economists belive that it i3 a possible but necessarily slow solution . to the European emergency problem.

Last Half FAREWELL WEEK

JACK BESSEY STOCK CO

, Presents

"THE IRON MASTER" ;

Andrew Streng will deliver his farewell to Richmond tonight. EASTER SUNDAY ' "THE GREEN TEMPTATION" Featuring ., BETTY COMPSON Yes, Our Same High Class Pictures "THE VERY BEST"

(1TTIIISOI T IT IS WORTH MOF.V Cut out this slip, enclose with 5o arid mail It to Kolev & Co., 235 Sheffield Avp., Ohh-asro. 111., writing: your name and address clearly. You will receive In return a trial paekasre containing Foley's Hony and Tar Compound for cnii?h!i. colds and croup; Foley Kidney Pills for in Bides and back; rheu matism. Tjackactie. kidney and bladder ailments; and Foley Cathartic Tablets, a wholesome and thoroughly cleansing cathartic for constipation, biliousness, headaches, and shursrish bowels. A. O. I. uken I'rug Co., Cti-ei'S Main. Advertisement.

"P A-

SUNDAY

FRANKLYN FARNUM - TARZAN

HAROLD LLOYD

Everyday Ad-Ventures That's What You Call ServiceWhen you and your husband make up your minds, individually and collectively, that this is the time for you to buy that house you've been rlanning and" saving to own for the past five years And you start out hopefully to look for the sort of home that both of you can sec in-your minds eyes a comfortable, attractive house, standing by itself, not very big in size or price Cut it doesn't take long to discover that, as far as you can see, there aren't many if any homes built along these lines that particularly appeal to you and you're beginning to be afraid that you may have to wait another year or two to buy. after all Hut just in time to offset your disappointment you remember the "Houses For Sale" ads in the Palladium's Classified Section and when you turn to them, you find out iibout a half-dozen places that you didn't know were on the marke-s And ou collect your husband at his office that same afternoon and start on a tour of inspection that ends to your complete satisfaction

T"' and two days later everything's

Franklyn Farnum In William Patterson White's Thrilling Romance

"The ANGEL CITIZENS"

SEE

FORD LENSES ; Passed with high record rre ! per pair ' I UC ; WEBB-COLEMAN CO. , Opp. Postofflce Phone 1616-1694

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The Iiest Place to Trade After All t

From the story which ran in Everybody's Magazine. The terrific fight between Farnum and Hart! The early days of s the stage coach! The roundup of the bandits! The great cattle stampede! Shorty's thrilling capture of 3 of Angel's Citizen's gang! This is one of the best WrESTERN stories being shown today.

With it Harold Lloyd

in oe of his famous knot-'em-out laughquakes "PISTOLS for BREAKFAST"

minutes of good laughs by LLOYD.

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"Where the Stars Twinkle First" SUNDAY, MONDAY and TUESDAY

VS3S;

You Know This Girl ! Surely you know of a girl who went through. thick and thin for a man risked her reputation, and her life and of the "thanks?" shegot! This is the real-life drama- of just such a girl. She scorned conventions when danger threatened her lover faced death to save what he had struggled for years to accomplish . and then he called her faithless.

S3S

"And Another of Those Famous Adventures of Tarzan Stories Don't miss seeing the big sandstorm; the escape of Jane Porter; Taizan's battle with the leopard. The greatest of jungle love tales. Special Music . :: Open -at 12:15 ADMISSION Children, 15 cents

" Ik V Is .WW"

m W"vVcr

Thrill follows thrill in this drama of a man's gratitude for a girl's devotion. ,

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LOUIS P. MAYER Presents

TEWA

-in-

A Question of 'Hbeor

Added Features "TORCHY and ORANGE BLOSSOMS"

COMING THURSDAY Florence Vidor in "WOjMAN, WAKE UP" LAST TIMES TODAY Tom Moore in "FROM THE GROUND UP"

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';:. EveotRgs Adults 33e, cbjldreS ISc . 1 Matinees Adults 25c, children 15c

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