The Daily Banner, Greencastle, Putnam County, 1 January 1927 — Page 8

Pay*? Eik'ht.

THE GREENCASTLE DAILY BANNER, SATURDAY, JANUARY 1, 1927.

SI K'VJ'Y OK itT YEAR

Tli" yrnr 1!12(! *•* . on thr> whole i .v of unequalled k ;nosnejify in ine United In * nriy a!! linf of f jmihv-..- nre'luelionS rxereHfl t :i; mmm

of any nthr-r year, and in con-ontunro •he buxine-s activity of the oountry

present are laturr. | Mf

Although there ha.- been eonsider-1

ted by the war, arwl which had ready been lessened somewhat by the acceptance and successful operation of the Hawes Plan. Grea". ftiii- ’■

GREETINGS

May you sptend this New Year’s Day In joyous fc^stin? - and happy play! May trood hcAilth and wealth be yours, And happiness erovvn all your hours.

Evans’ .Variety Store

isfai ary, and for th n likely to continue so.

*«chtd u,p -ce c:t d proponio . Satisfactory progress has also been, at various timPs The lattr r part < f thn y ,:r witnessed « ^ropo. There has »^„ a l or]iilut * o{ thp ( . 01 , lni i...sion, its ..cession i : -on' lines, but on che|'"-t>net reapproachment between Ger- thp verse agitawholo conditions have remained s.n- ntai.v and France w nch has tended ( proportions -uffi-

(o r^hovo still moro the tension erea- . 1

ted In .he war. orwl which had ,1- ‘ fnU - V t0 ' V! " TPnl aCt “’ n b >' ""

legislature.

Actual abolition 01 tlie commissivr not predicted in most quarters

uin. in spite of the -erious coal strike but changes in the laws governin'* has I teen able to maintain her cur- ‘be commission’s functions are antireney upon a gold basis and thus has leipatcd. Among the suggested chang-

a is ted in the -tahlization of inter- 1 es are: national finance generally. Very re-, 1- Kate making

.•'idly Urlgiu.n has .-ucceeled in rehahilitating l.er currency so that of *,he more important European countries only France and Italy now hav" fluctuating currency, fn the caf»e i f the former country it appears as though within the next few montiij the possibilities.of a satisfactory solution of the financial problem of I 1 ’.hat country niu> he found. And. un-1 douhtcdly, with the steady progr-ssj that; Italy has been making in a pol-, jltical, economic and industrial way I 1 lie also will be aide to place her tin j

I aneial affair- in order.

A a result of the-r improved conditions in Europe our foreign loans haw* been increasing and our interest in international business affairs ha grown in corresponding' mca-ine. I More and more we are becoming cieditors of • he wiio.-e world. The easy

to he based on a actual inves'ment.

2. Holding com|)ani« to be brought within the commissi; n’s jurisdiction. .‘1. Legislation to (g'rmit app'nl

state courts.

On the i'.ts' cotint, n change would be asked to t>ase the rate- on wnr'h of properties involverl at t-ie time of hearing cases, rather than ha - mg rates on replacement value with all materials qurted at market

prices as at present.

Wringing noidmg companies within the commission’s jurisdiction w:is « ne of the measures, introduced in 'he commission's bill defeated at ho ia-t

legislative session.

Placing power of appeal in state courts would eliminate the practice of carrying utilities eases into federal courts wheie rulings have sometimes resulted in increased rates when opponents of appealing comp

CHARLES RECTOR F-TN’ERAL DIKFCTOn

Lady Assistant. Phone, Rtl;

Private Chapel.

Ambulance Service Itesidenee,

from the commission' decisions to anios felt increase was not wan ante i.

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\ MAY YOU ALL LIVE LONG

AND PROSPER IS THE V SINCERE WISH OE

Anderson’s Vulcani/inc; Co.

prevail in our country make it comparatively easy to float large O-ue-i ere. Low money rates resulted at various times during the year in an orgy of speculation with consequent ie. - u- 'on-. It i.-- a |.roof of the fundeniental soundness of our hanking Iruri'irc and especially of the effim-i = , ncy of the Federal Reserve System Si that th. se rather violnt fluctuations = on the exchange hiarkets had little or

r no hu - iness generally .

§ The agricultural situation continz tit > to ho a subject of wide general = diseu.-sion. There i- no gainsaying ~ the fact that the plight of many farmers is distressing. In some eeI ions of the country, notably the -outh, large acreage and unusual growing comlitions resulted in a very i large surplus prodwnon of the staple crop of that territory, namely cotton. In other sections, excessive rain fall prevented the harvesting of *V.e = crop, thu- greatly curtailing the inE come of the farmer- in the affected = areas. On the whole, however, it E, -cem- perfectly safe to say tha*, § I agricultural conditions are gradually - improving. As in other lines of Jn-

. E du try, the individual fanner b com-

s lag to a better understanding of -the

• E economics of his situation, and l.v jllMMIIIIIIIIlllllllHlllllllllllllllllllHlIlllllllllllllliiiiiiiiiiiiiiifiiiiiiiiiiiiiiiiiiiiim^i force of circumstances or otherwi-e, ________ — - - —i.-. directing his energy toward reduc- ’ ing the cost of his production, and

to the adjustment of the estimated value of his plant to figure upon which he can reasonably expect to i-arn a fair return. In that directio t, 1 and in that manner only can the problem of the farm he successfullp -nlv-

i , “ 1 '

Our transportation system has handled the increasing volume of lm-ines.- with remarkable efficiency. Generally railroad properties aro again in splendid condition and hnv ■ been irtuming more nr less satisfactory dividends to their owners. W -eem to be at the Iteginning of it ro w era in the development of our waterways. There are innumerable projects for building new canals and developing and inert a-ing the cupaci ity of existing ones. It is to he hoped that the very large investment of capital, both public and private, which will he require.I to undertake these improvemnts in our trunspoiu lion system will only follow careiul and non-partisan '.nvestigation .is to the engineering and economic fea-i-) hi I ity. Hanking, like all other branch’s of business has Is-en a prosperous year, .Money lates on too whole have been i low, but on the other hand the volume of business ha- been great, and losses have liern relatively few. Bunk ing, like other businesses, is best off when the turnover is large, even if the average profit is small. The trend of business during thi.last year has shown the impossibility of forecasting with accuracy th? futnie. Mos". observers a year ago expected that by the end of the year 1 we should l*e in time of marked depression. Fortunately, the-c predictions did not come true but it shows how' easily even the most expert econ I ..mist may he misled. Again we are hearing ’.hat for one reason or another, largely owing to the situation ! in the automobile and the building industries, we shall he face to Gue with a recession next year. This may In* -<», hut as long us credit remains as plentiful as at present, ami stocks) as low as they are now, ’there i-’ no reason to anticipate anything resembling a crisis in our affairs—given) fair crops and no untoward happenings in the world outside of our own boundaries.

C \.

£ m

From Your Store

< )ur aim is to servo you even better in 1927 than we did in 1!)2(». Will Wetz the Grocer

TO ALL!

City Meat Market & Dellicatessen S. ED. JONES, Prop.

COM MISSION oKINisF.I) INDIANAPOLIS, Dec. (IJPl — Opposition to state public service commission, intensified in some quarters by the controversy over consolidation of two Indianapo’is utilities, may heerme an issue in th" fort coming, session of the state legh-

Happy New Year 3KKK-a. BODELL JEWELRY STORE % No other greeting 1 means so much, so we send once more this same old Happy New Year that we’ve sent to you before. May this not only be a Happy New Year, but may you have many, many more in the years to come.

A Happy and ProsperoiJ Yea]- to All, is the Wish ot j SOUTHARD’S BOOK STORE

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We wish thee health, We wish thee wealth, We wish thee gold in store, We wish thee Heaven upon Hie

earth—

What could we wish thee more? HAPPY NEW YEAR

Ricketts Jewelry Store

WELCOMING 1927

The New Year rolls around like an old friend to greet us. It brings no great and startling changes and yet it emphasizes the great changes that have been brought about through years of constant effort. No greater change is shown than in the field of culinary art. The (ireencastle housewife in 1927 demands the best of equipment that these years of invention and improvement have perfected for her use. She faces the 1927 list of three hundred and sixty-five daily menus with the aid of an efficient and economical modern fuel. May we help every home in (Ireencastle make this a year of improvement in the kitchen. ‘ COOK WITH GAS IN 1927. Greencastle Gas & Electric Light Company