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The Burlington Free Press from Burlington, Vermont • Page 6

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Burlington, Vermont
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THE BURLINGTON FREE PRESS AND TIMES: MONDAYL FEBRUARY 25, 1935. rAGE SIX REVOLT REACTION-REALISM The Broadcaster Zljt Turlington $vtt rcS3 PUBLISHED SINCS 1827 Strength for the Day Austin Asks Questions David Lawrence, well-known Washington correspondent, and editor of The United States News, Indicated in a Washington dispatch that Senator Warren R. Austin of Vermont was the only member of the Senate that took the trouble to check up on "a little bill recently passed by the Senate and awaiting reconsideration." Relief, Recovery, Reform Are Not the Only Problems of Our National Government BANKING EXPERIMENTATION (L. DOUGLAS MEREDITH) A bill designed to effect far-reaching changes in the American banking structure has been introduced into Congress and consideration of this bill will shortly come to the attention of the appropriate committees. If enacted, the bill will become the "Banking Act of 1935 It is officially entitled, "A Bill to Provide for the sound, Effective and Uninterrupted Operation of the Banking System, and-for Other Purposes," and consists of three more or less distinct parts designated as titles.

Title I would effect certain desired changes in the existing law which provides for deposit insurance. For example, it would establish $5,000 as the maximum amount to which accounts would be insured after July 1 of this year instead of the much higher limits which would become effective with inauguration of the permanent fund according to the statute as it now reads. It would also restrict the unlimited liability of insured banks for assessments, which liability becomes effective July 1 unless the law is changed. Title II would make drastic changes in the Federal Reserve System, and Title III would effect detailed changes in the Banking Act of 1933. Obviously, Title I and Title II constitute the most important parts of the bill.

is generally agreed that Title I contains many points of merit, and it is likewise freely predicted that Title I would be enacted by Congress with relatively little delay if it were a separate bill. an inevitable outcome of basic flaws in our economic structure. They are not interested in bolstering the old machine up, just enough to get it going again for a while, only to land us, a little later, in worse depression. Under the day-to-day pressure of affairs, the agile opportunism of Mr. Roosevelt has made first one then another of these three R's the dominant drive of the moment.

Apparently we are not yet a mature enough people to let a leadership do the statesmanlike thing and drive all three of these abreast in a con-sistant drive towards the future. The equally important fact of the moment is that the fortunes of the political opposition seem destined to be interlocked with three other II 's: (1) Revolt. (2) Reaction. (3) Realism. The best interests of the national future demand that, in respect to Relief, Recovery and Reform, we give sustained attention to all three.

In respect to Revolt, Reaction and Realism, however, the best Interests of the national future demand that we choose Realism and turn our backs definitively upon Revolt and By GLENN FRANK The fortunes of the Roosevelt administration are interlocked with the now famous three R's: (1) Relief. (2) Recovery (3) Reform. There has been continuous debate, in the ranks of both the Demo- I cratic and Republican parties, on the relative importance of these three elements in tne Roosevelt program. Some would center all attention on Relief. These advocates of relief alone feel that "natural" forces will in due time bring recovery without artificial respiration being administered by the government.

Some would center all attention on Recovery. These advocates of recovery alone feel that the necessary relief should, of course, be provided, but they are dead set against the government's undertaking to reform the economic order while it is so anemic. They want nothing done that will scare business men. And reform always scares business men. Some would center all attention on Reform.

These advocates of reform alone feel that the 1929 collapse was The inclusion of Title II in the same bill with the proposals contained in Title I throws a much different light on the entire bill. Title II would so change the Federal Reserve Act that the Federal Reserve Board would have greatly enlarged powers, and at the same time, potentialities of great credit inflation would be created. It has avowedly been the purpose of designers of the bill to endow the Federal Reserve Board with powers which it is believed would enable that body to regulate and to control the future fluctuations of business. It is at exactly this point that opportunity for debate arises. Proponents of the new bill would likely be very free in contending that the banking structure of the United States broke down completely between 1929 and 1933.

No person can deny that the banking structure during this period disclosed almost innumerable defects, but it should certainly be possible to remedy at least a portion of the major defects without attempting an experiment of uncertain outcome. to start a business to own a residential house to educate children to provide for emergencies and later years Whatever it may be you cannot safely save without the aid of an interest-bearing account. The place for your savings is in this mutual savings bank. Open Monday Evenings 7 to 8 O'clock for Your Convenience. Burlington Savings Bank 1847 Eighty-eight Years of Stability 1935 One of the primary purposes in establishing the Federal Reserve System in 1913 was to eliminate, if possible, the wide fluctuations of business.

The new system had barely been created by the time the World War broke out, and almost immediately, it found itself in the midst of financial problems of baffling and gigantic proportions with little or no precedent to follow in attempting their solution. The System made a very creditable showing during the war years, and after that, it faced one of the greatest booms in history. The Federal Reserve System is frequently criticized because it did not stem the wild tide of expansion during the latter part of the decade of the 'Twenties. Nevertheless, limited attempts were made to stem that expansion, and it is reasonable to expect that the Board and the Federal Reserve Banks might have done vastly more hadkit not been for almost nation-wide opposition which met their efforts. By Earl L.

Douglass, D. D. The Lord will guide us. If we can but come to believe in the guidance of God, it will change our lives and make everyday living a thing of joy instead of a thing of anxiety and worry. To know that we shall be guided if we but trust in the power of the unseen and try without faltering to do the right thing day by day, is the greatest support anyone can ever have in life.

Many who have few of this world's blessings can go through the day with a song upon their lips because they have this confidence in their hearts. Others, whom the world regards as privileged amid wealth and social position have the most tragic unhajpiness written all over their faces because they have nothing unseen and eternal in their lives to hold to. So let us say today that after we have done our best we will leave the issues of life in the Lord's hands. We will be diligent, faithful, and sacrificing; and we will allow nothing to still in our hearts the assurance that God will do his part without fail, thus enabling us to achieve what human effort unaided can never achieve. is our refuge and strength." Letters From the People "Desecration" To the Editor of the Free Press; It seems almost unbelievable that a Vermont Legislature, a body which is supposed to represent the people of this State, would lower themselves to the extent of permitting the sweet, pure sap of our lovely Vermont maples to be made into a liquor containing a poison.

As if there are not enough kinds of liquor on the market now. And I wonder if Burlington, the Queen city of Vermont," will gain in reputation and influence when the country knows that the first maple rum distillery is to be in this city. We are to have many maple sugar festivals all over the State on March 1st. Are we to assume that in the near future such celebrations will gather around (not good wholesome sweet candy or syrup) but intoxicating rum to make people act "like what they aint?" It is a sad fact, but true, that the almighty dollar makes some pretty good folks forget all about their weaker brothers, their friends' children and their own responsibility to their fellow men. Lest we forget, remember those words, "Am I my brother's keeper?" HAROLD S.

KNIGHT. Burlington, Vt. Money For Relief To the Editor of the irte lJress; The fight against giving President Roosevelt the money he asks for is certainly a sidelight on human nature. Not so many years ago we were ready to spend any amount necessary to send our young men across the water to be killed. Today we are asked to spend an amount, very much smaller than was actually spent at that time, for the purpose, of furthering projects calculated to keep them alive and we kick like steers against doing so.

Still there are people who will claim that civilization has advanced. A. C. WALLIS. Burlington, February 22.

LITTLE BENNY'S NOTE BOOK By LEE PAPE Pop was trying to make his new cigar lighter werk and ma said, I tried our your theory today, Willyum, I meen your theory about pertending to offer a beggar some werk just to prove 9 tents of them beg from choice and not necessitty. This particular man looked strong enough to werk, goodness knows, in fact he seemed just the tipe that can and wont. I mean the moment he approached me with the usual tale of not being able to find anything to do I noticed his broad shoulders and unwilling expression, so I faid to him in a brisk, assumed tone, Well, you're the very man I been looking for, I have a celler full of werk for a man like you. So imagine my serprise when he took me up like a flash in the pan by replying, lady, that's grate, I'll go rite home with you. By gollies I said 9 out of 10 men and with your usual luck you must of lighten on the 10th, pop said, and ma said, Whatever his number was I didn't relish the ideer of being escorted home by his 3 day growth of beard and genrelly sispicious appearance, so I painted a glowing fictitious picture of the gassly state of our cel- Ki nun wajjicu rum ne wouia nan to have the werking ability of 3 ord-nerry men to make any order of all that kayos, but all he said was, That's fine, lady, that sounds like severel days werk and I'll sleep anywhere, I'll sleep rite on your kitchin floor on a old rug.

Yee gods, pop said, and ma said. Well, I weakly told him to give me his name and address and I'd think it over, and with that I thawt he'd berst into unemployed tears rite out 1 there in the street. He insisted that tt'm 1 ii. ncuai wic jaw uj promise a man werk and then not give it to him, and he threttened to call a poleeceman, and I was really afraid he reaUy would. Willyum.

so at his suggestion I gave him a doller for his good will, as he called it, and got away from him without more ado or ferther trouble. My goodness Willyum do you think he could of been bluffing me? ma said. Rest assured you weren't bluffing him anyway, pop said. Wich she proberly wasn't. ANSWERS TO QUESTIONS (By Frederic J.

Ilaskin) A reader can get the answer to any question of fact by writing The Free Press Information Bureau, Frederic J. Haskin, Director, Washington, D. Please enclose three (3) cents for reply. Form a habit of reading the classified ads daily you will benefit. Monthly Check Never Fails to Arrive A retirement annuity paid for during your productive years assures a life income later.

Check never fails to come is never scaled down in amount. A worry-free investment. Get the facts. Connecticut General Life Insurance Company J. L.

HALL, Gen'l. Agt 215 COLLEGE ST. TEL. 860 A. T.

POWERS, AGT. TEL. 3209 K. K. EDGERTON, AGT.

TEL. 4139-M The Worst 1 1 Winter (Ted Robinson, in Kansas City Star) This is the time of the year When the Winter' 3 hardest blow Lands upon me, and the drear Signs of protracted woe. It isn't the drifted snow Nor the bitter and I cheerless nights; It isn't the blasts that blow, It isn't the cold tljiat bites; But a fly at this tinjie of the year, Is found in my dinner ointment; A feature that used to cheer Now is a disappointment; When the salad is served, I know, Though the lettuce is crisp and fine, And the oil has a golden glow, And the vinegar's rich like wine The tomato, center of all, Though it's red ass a flapper's lips. Is a sapless, savorless stall, As jejune and vapid as chips. I don mind the tempest flaws Nor the cold and the wet and the slosh.

But I hate the Winter because The tomatoes taste like squash! Seining in Lake Champlaln (Brattleboro eformer) A sharp division cf opinion looms on the bill now befoie the legislature to legalize seining for fish in Lake Champlaln. For the oast 10 years or more seining has benn prohibited in Champlain waters, but some sportsmen have come to the conclusion that the restriction has harmed more than improved game fishing, so they are drawing battle lines in an effort to alter the law. i Since seining has been prohibited, millions of black bassl and pike perch fry have been planted in the lake in an effort to propagate these two game fish, but sportsmen report that the fishing has gone consistently worse. They are of tjhe opinion that the ban on seining has protected the cull fish, such as slaad, mullet and suckers. which feed on the spawn- ing.

beds of the gairJ fish and thus deplete the supply aster than the hatcheries can replaca it. Should sein- ing be permitted, thep say, the num- ber of roe-eating fis which seldom take a hook, would! be greatly re- duced while compari tively few pike and bass would be cakight. The problem of assuring good fish ing conditions where there are a lot of fishermen is a distressing one. The northern Vermont portsmen, who are depressed over the decline of angling, have good ing a change of som eason for want- sort, although there are many wh( firmly believe that legalized seining would only make matters worse there are too many of too many cull fish. At any rate.

the sportsmen should express their views vigorously, for to consideration. uhey are entitled New Deal Ethics (Bratleboro Reformer) One seldom picks ip a New England newspaper these days without seeing some reference in it to the milk marketing probleim, but nothing approaching a recent incident in an Oregon town. Two dairymen were fined, not for selling impure milk, but for the crime of selling milk that was too rich too There was no false labeling, no adulteration, but they failed to "water'1 the milk suf ficiently to bring the putter fat content down to the legal requirements for the grade of milk sold. So they were brought Into court, fined, given a suspended sentence and paroled for a year for serving their customers too well! No Profils (Boston Tran; cript) At least the gold clause decision was in keeping with American traditions of the last few years. As the Associated Press put it, "nobody makes a nickel out of i Liquor Sale By Druggists (Randolph Herald News) How will the privanely conducted sale of liquor by druggists, loosely carried on as it must be under the proposed arrangement, harmonize with the present Statehcontrolled li quor system? Won't it cut down the sales of State stoaes, affect the revenues and introduc a new fac tor not easy to regulatd in Vermont really suffeiing now from inability to procure th stuff if and when needed? Funds for Edu ation (Rustic in Brattleboro Reformer) Speaking of the liquor law, the Rustic does not much Javor the idea of definitely using the liquor tax to pay the Increased cost of state aid for education, according to the "minimum program" of tie legislative commission.

Superintenldent Hunt of Burlington has suggested" this, but the Rustic does not fancy the idea of financing the education of children by selling booze. Miiich better is the idea of lettins the profits of the liquor system go into general funds, not "earmarked" for any special pur pose, with state education rebates paid in part of the sdme eeneral funds Superintendent Hukit's sugges tion mignt- te substantially in ef- lect, without being definitely so stated. Incidentally, the Governor's budget, though calling fob somewhat higher appropriation toi education than last year, still doed not allow for enough for these revised rebates as recommended by the commission. That Half-Cent Increase (Barre Times) An increase of one-half cent rer jquart to milk producers who supply mine for the Greater Boston area will serve to aid Vermont producers materially during the short neriod the amended milk license is scheduled to run, namely May 1, I93g, although it is unfortunate that the application of the increased price cannot be spread over a longer period than merely two months. The regotiations leading up to the signing of the amendment license were very long drawn out and laborious, the poor financial situation of the milk producers being presented in rather definite terms.

That evidence run be marshalled, perhaps, irT the pro-J n-cal tlint -t i me mgiier price De maintained after May 1. Surely it ought to be necessary for the oroponents of the matter to go th-ough the same process again, becaus the facts are already in hand. Meanwhile, the milk producers of Vermont, New Hampshire, Maine and part of Massachusetts are to be congratulated on the recognition which their cause tas received in the temporary increase in milk per quart. DAILY LESSONS IN ENGLISH By W. L.

Gordon WORDS OFTEN MISUSED: Do not say. We are having company for dinner this Say, "We are having guests." OFTEN MISPRONOUNCED: Laud. Pronounce the au as in haul. OFTEN MISSPELLED: Aisle (a passasre). Isle (an island).

SYNONYMS: Relax, loose, loosen, slacken, ease, unbend, divert. WORD STUDY: "Use a vj-ord three times and it is yours." Lbt us increase our vocabulary by (mastering one word each day. Today's word: EOTUNDITY; roundness; of speech, full and flowing. "A boldness and rotundity of speech." Hawthorne. Fcrm a habit of reading the classified ads daily.

You will benefit. Frep-id delivered or earner. 0 stz on postal eafd cents a months. M.iQ. r-ar $8.00 iont ard beyond, tx.

oa i for rtx months: $10 a 13 Lanam tsco fear ADVERTISINO RATES -WJJ D. LaCoste. 45 Wen i ibu- Boston, and H. O. LaCosie T-.

aturaa? Free Press is iho largest T.ont wce-i-. Rates bv Jc on costs 75c for InJl tAaoer Tear ut to third postal fo cin.drnd fourth costal -one an-i 'jercnd t2 CO per vear. BURLINGTON. FEBRUARY 25, 1935 "A Soft Generation" Bishop Ernest M. S'-ires says: "We have grown soft.

We do not like the word sacrifice. It suggests inconvenience. The time has come for us to learn from those Tihose economic, political and religious, convictions we constantly as untrue and destructive. Nazi. Fascist and Communist iiov a devotion to a cause which puts our luke-warm, domesticated patriotism to shame.

It is not sufficient to be known as 'good we must be good for something. Our greater problem is the number of intelligent people who are morally, unemployed." There is much to think about in those few words. Is American independence being perverted to mean license to do as one pleases regardless of the effect on others? Education Commission Replies Instead of complying with the request of President Guy W. Bailey of the University of Vermont to correct the impression circulated in its that institutions of higher learning in Vermont received 14.9 per cent of the total educational appropriations of the State, the special education commission has issued a statement attempting to defend Its original position. The commission lists not only scholarships to needy young people in Vermont, which President Bailey maintains is a benefit to those who receive the aid rather than to the institutions which those students attend, but also the appropriations for agricultural extension work, which are no more a matter of higher education than is the money appropriated to the Department of Agriculture for assisting farmers in thelr various marketing and other problems.

The fact that an appropriation is classified under a certain head is not the best evidence of what it is used for, any more than the title of a book or a lecture or a moving picture indicates the material in it. If the special commission studying the -needs of Vermont education felt that it was obliged to delve into the expenditures for higher education in Vermont, why did the not do the job thoroughly, go -to the proper authorities and find out how this money was used, rather than picking figures out of the budget and assuming their use from the labels on them? As a matter of fact, the education commission quite evidently went out of its way to take a crack at the "college appropriations. The resolution authorizing this investigation says: "That the Governor be requested to appoint a commission of seven members to consider the present educational system of the State, its courses cf study, its relation to our rural communities, its methods of supervision, its methods of teacher training, its overhead expense, and its plan of expending the income of the permanent school fund and direct appropriations and whether it fulfills the constitutional requirements as to equal educational opportunities and advantages." Is there anything in that paragraph which could be interpreted as giving the commission authority to colleges or any institutions of higher learning? Certainly not, unless they could be included under the phrase "present educational system of the State." But the commission itself states its belief that these institutions which they claim are receiving too large a t-hare of the State's money, are not under State control. Then by what authority were they dragged Into this investigation? Did the special commission, by chance, think that its Job Included finding the money to meet the increased appropriation which it recommended for the State Department of Education? If so, it would seem that it again exceeded its authority. We are in sympathy with the effort to increase the State appropriation for elementary and secondary schools, but it seems bad tactics to attack the size of other educational appropriations in order to get thl3 appropriation Increased.

It is reported that Max Baer, heavyweight champion, is to marry "a wealthy eastern society belle." Probably these pugilists get so accustomed to hearing bells ring in public life that they want to ring a belle in private life, if matrimony for a champ can be called private life. Mayor Burke does well to revive the city planning board, which seems to have been in a state of suspended animation recently. It's rather strange sometimes how things once used and then relegated to the closet or the attic for a time, come back in style again. That seems to be the case with planning boards. Washington is setting the style with all sorts of plan-ring and one of the first questions asked when anybody from away meets anybody else from away in the Capital City now is: "Have you a little planning board in your city?" If one has to answer in the negative, one immediately feels "out of things." tfior.rn;..

i.tu thlrd sear. Lawrence pays this bill would set up tne l-eaerai xraae commission as uic supervising tribunal over the conduct of every single business, whether incorporated or not. It appears that a few words slipped into the present Federal Trade Commission Agt, the significance of which "the unsuspecting Senate" did not grasp, would revolutionize the powers of the Federal Trade Commission. Not only "unfair competition," but also "all deceptive acts and practices" would he made unlawful. By this bill the Federal Trade Commission was given authority to decide what is a "deceptive act." Lawrence said that about nine months ago when a similar bill was introduced at the request of the Federal Trade Commission, he himself asked why a commission in Washington should be granted such extensive power.

At that time the bill "didn't get to first base." But the fight to get the measure passed was renewed the other day. If it becomes law, said Lawrence, the Federal Trade Commission would not need the Copeland food and drug act or the Securities Exchange Law, for they would have broad power, not only over corporations but over all persons. According to Lawrence, the senators thought they were voting on an innocent measure which merely strengthened the present law in minor respects. Even Senator Wheeler of Montana, chairman of the Interstate Commerce Committee, who offered the amendment, didn't realize the significance of it. But Senator Austin asked a numbef of questions which caused other senators to get Interested, and Senator Wheeler promptly agreed to allow the measure to be reconsidered, after it had been passed by a voice vote.

It is the contention of Lawrence that the intent of the few words slipped into the bill is to give the Federal Trade Commission authority not only over interstate commerce, as it has at present, but also over any transaction in any way "affecting commerce," these words being added to the bill, and that this might be interpreted as meaning commerce within a State as well as commerce over State lines. Although Lawrence says the Supreme Court probably would not sustain any such attempts by the Federal Government to extend its authority over the control of intra-state trade, yet he declared "the New Deal lawyers believe in legislating first and litigating afterward." David Lawrence usually knows what he Is talking about when it comes to national legislation. When he says that this bill, if passed, would enable the Federal Trade Commission to extend its powers over intra-state business, and even over the practice of professions having any connection with business, he makes it clear that Senator Austin, by keeping his legally-trained mind alert, saved the Senate from getting drawn into a trap which would have caused many of the senators a great deal of embarrassment later. Improved City Reports Mayor Arthur W. Perkins of Rutland, in an Interview in the Rutland Herald urging the citizens of Rutland to meet the city's financial plight by increased taxes, rather than by bonding, said: "If the taxpayers would review some of the city reports of several years ago and compare their figures with those of 1934, considering the cases back of the figures, they might have a better understanding of the situation." These words of the Mayor of one of our sister cities serve as the best possible argument for one feature of the Improved city and town report campaign which is being waged In Vermont.

It is insisted In this campaign that city and town reports should always contain the most important figures for a five or ten year period, so that the citizen can compare one year with another and note drifts and tendencies. He thus becomes aware of financial and other problems which are developing. Charts are helpful in interpreting and emphasizing what is happening from year to year. If every annual report gives a brief graphic review of the years preceding, it will not be necessary for the citizen to hunt up his city reports for five or ten years and then laboriously to collate 'and tabulate the figures, so that he can study them. The recently published Burlington City Report has a number of bar charts and other charts in the departmental reports.

The police department charts the arrests and motor vehicle accidents in the city over a period of years, while the street department, city engineer, water department, electric light department and school department have charted their activities and This should help to a clearer understanding of these reports. An effort in the Tennessee Legislature to repeal the so-called ''monkey" law" which has been on the statutes for years, and which William J. Bryan once defended, has been re-puked. This law forbids the teaching in Tennessee that men are descendants of monkeys. Nobody is going to make monkeys of these Tennessee- ans, not if they can help it.

1 How Is Your Credit? The well-filled bank book has a by-product a good credit standing. The man who is successful in accumulating a reserve fund, who carries a good balance with his bank, is usually regarded as a good credit risk. Thus, he is able to obtain additional financial backing bank credit. Winooski Savings Bank No. 11 Winooski Block WINOOSKI, VERMONT ORGANIZED 1869 Member Federal Deposit Insurance Corporation In view of the opposition which the Federal Reserve Board encountered after 1927, whenever it attempted to restrain expansion, is it not reasonable to expect similar opposition in the future? In that event, the increased powers which the banking bill would give the Board would probably be no more effective in stopping future periods of business expansion than they have been in the past.

This observation takes on added significance when it is realized that the new bill would make possible a credit expansion which could hardly occur at present. Suppose that a credit expansion of this kind took place, and further suppose that the Federal Reserve System encountered opposition in attempting to stop the expansion. In such a case, a frantic boom followed by a severe collapse would be very likely to occur. Title II has already aroused considerable opposition throughout the country, and will probably encounter greater opposition the longer the bill is discussed. What the future of the bill will be cannot be safely predicted, but with the large majority enjoyed in Congress by the Administration, enactment of the bill seems highly probable once the Administration places itself squarely back of it.

However, with the inevitable possibilities which enactment of the bill will create, the immediate future of American banking would seem to be destined to be one of extensive experimentation with a form of central banking. St. Petersburg, residents pay 18 cents a quart for milk and 50c a pint for 40 per cent cream. Advertisements of these prices greet them each morning signed by their Florida State Milk Control Board. Skim milk brings 12 cents a quart according to advertisement received.

At that who believed that Florida milk producers are well off? Inexperienced Kindness Cost Him Money! He consented to act as executor for his cousin, and when it came time for him to act, he was prompt and conscientious in approaching his new work. The widow, as it happened, was in serious straits. Creditors pressing sickness in the family The executor, out of the kindness of his heart, decided to raise money for her by selling a certain piece of her late husband's property at once and paying her the proceeds, without waiting for a court order. Later he found out that there were other claimants to. the property.

He was sued and is still paying off the judgment that was obtained against him. A trust institution, equally kind but more experienced, will search for ways to tide over temporary financial emergencies without violating sound procedure. The FARMERS TRUST COMPANY BURLINGTON, VT. Natural Forces Prevail Mr. Hoover's carefully prepared statement urging return to the gold bullion currency standard, with the dollar at present gold value, is unquestionably his honest opinion as an economist.

It may have political importance only if it is Ignored for another 18 months. He is not alone in that opinion. Countries that have, left the gold standard can be compared with countries that have stayed on gold. Their industrial recovery has been recorded, charted, and comparative graphs have been made. The Business Bulletin of the Cleveland Trust Co.

has charted industrial production of six gold price countries and seven non-gold price countries in its February issued Their conclusions are: "Retaining the gold standard or having it seems to havej had little effect on the progress of recovery if one may judge the results so far by the average experience of groups of nations that have followed the two opposing policies. Probably it is fair to draw the inference that the natural forces making for recovery tend to prevail over even such important influences as those of the money systems." The latest In bootlegging is the "cheese bootlegger," it is reported. If the cheese is like some we have encountered, the keen-scented sleuths of the government ought not to have much trouble in locating the Out in Illinois, they are feeding vitamin included in yeast, liver and iron, to some of the patients' at the Elgin State Hospital for the insane, with the hope that" it will cure their particular kind of insanity. If this is successful, probably many wives will begin feeding1 their husbands on a heavy diet of liver, yeast, etc. President Roosevelt is now in a position to sympathize with most of his predecessors of recent years, who have invariably found the United State Senate a "thorn in the flesh." The references which Theodore Roosevelt sometimes made to the Senate as a body were hardly fit for polite society, and the battles which Presidents Wilson, Coolidge and Hoover had with the Senate are such recent history as to be known to most of our readers.

It seems to be a prerogative of the Senate disagree with the President. At present, the Senate is doing strange things to the Roosevelt work-relief bill. Classified Ads are not engaged in creating a desire for things that are not needed, dinary wants in an extraordinarily efficient way. 0.

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