Globe-Gazette from Mason City, Iowa on November 30, 1933 · Page 2
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Globe-Gazette from Mason City, Iowa · Page 2

Mason City, Iowa
Issue Date:
Thursday, November 30, 1933
Page 2
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TWO ANOTHER MONEY BATTLE WAGED Battle Cry oi Inflationists Against Sound Money Men Not New. EDITOR'S NOTE! The monetary program which unhitched the United States dollar from gold started an argument 1 which la hardly new. Today the controversy that Americans are witnessing Is one that has been stirring since colonial days, This article deals with high points of this historical background. By CAKL C. ORANMEH. WASHINGTON (IF}--Again discordant notes of the call to battle are sounding in the rival camps of the "Inflationists" and the "sound money" advocates. The resounding resignation of Prof, O. M. W. Sprague from the treasury, with the declaration that he plans to fight the "drift to unrestrained inflation" may prove to he the opening gun in opea warfare that has been waged behind the scenes for months aa a result of President Roosevelt's monetary policies. Many Famous Battles. it may presage another of the famous money battles which stud American history from colonial days --battles which usually have cut through party ranks and which often have been on'a sectional basis. In Alexander Hamilton's time the issue's were the "doctrine, of discrimination" and "assumption;" in Andrew Jackson's day the fight was over the United States bank, The monetary issue gave rise to Daniel Shay's rebellion In Massachusetts after the Revolution; it gave birth to the Greenback party about 1S78 and later to the Populist party; it introduced William Jennings Bryan, his "cross of gold" speech and the "16 to 1" coinage of silver issue. And there was the march of Coxey's army about the same time. Agrarian Districts Heard, ·Unrest with the rise and fall of the value of the monetary unit has been a feature of almost every serious financial stringency, usually most vocal in agrarian districts. And now President Roosevelt has declared for a policy o£ "experimentation," with the "sound money" group warning that previous experiments always have ended in disaster and that the gold standard is the beat system yet found, . · On the other hand, prof, George JF. Warren, says the dollar must be ;ruh*Dejrin weight or, rubber in value and urges the compensated, or com modity, 'dollar that would be variable in. weight, ; . '. ; . President's Program Sweeping. In successive steps the president has gone off the international gold standard, acted against gold hoarders, cancelled the gold clause In public and private securities, rejected the pleas of the European "gold bloc" for stabilization, moved to- ·ward an international silver agreement, and initiated his gold purchase policy to depreciate the dollar and life commodity prices, 'American colonistsbegan having their monetary difficulties as soon aa they reached shore. Having brought little money and almost as little credit with them, they used wampum and beads to trade with the Indians, and Instituted barter lor commerce among themselves. They declared some commodities, euch as tobacco, corn and furs, legal-tender, and some of the colonies had storehouses to accept payment of taxes in this "money." Colonies Issued Paper. As time went on many colonies began iasulng paper money, and set up banks and loan agencies to issue bills of credit. What silver there was usually disappeared because it was over valued by law. . The paper currencies soon depreciated. In 1740 Massachusetts currency had depreciated to three- fourth its value. Finally, in 1761, the English parliament forbade further issue of paper money In the New England colonies, a restriction that was extended to all the colonies in 1764. Benjamin Franklin said resentment at the ban on paper money had much to do with fomenting the American Revolution, MASON CITY GLOBE-GAZETTE NOVEMBER 30 1933 Lonnie Corey Greets Thanksgiving in Jail Lonnie Corey, 1432 Washington avenue northwest, faced Thonksriv- · ing day in the city jail Thursday. He was arrested Wednesday afternoon in the 14.00 block on North Federal avenue on a charge of operating a motor vehicle while intoxicated.. Preliminary hearing will he held Friday morning In police court. Air Juiner Drops Engine. As an air liner was leaving the airport at Bagdad, Irak, recently, : ils starboard engino dropped off. .The pilot, with -the two other engines working, continued to rise, and thus avoided a collision with the mound aurrounding the aerodrome, .but was. forced to land, wrecking the machine. None of the four persona aboard, was injured. Burled at Belmond. BELMOND, Nov. 30.--The body of Syver Enger, 78, who died at the home of his daughter, Mrs. Tillman Saugstad, near Minot, N. Dak., was brought to Belmond and the funeral services were held Tuesday afternoon at the Trinity Lutheran church, the Rev. B. Guldseth officiating. ' ^^^^^^^^^^^^^^^^^^^^^^^^^"^''""^"'^""^^^^"^^^^^^^^^^·^^^^········^^·^^·^··················^^^^^^^^^^^^^^^^^^^^H Wards buy toys for Millions of Christmas Stockings No Wonder Wards are Famous all over America for Toy Values Steel Coaster D o l l B u g g y Sturdy a u t o . Has Headlight Back Reclines Headlight! 31% Speedy! ?2.69 Fiber ?1,98 inch 5569 Clear All Tracks for a Big Value! Electric "Limited Ward value! Two pullmans, observation, tender, transformer, 8 curved tracks and headlights that show the way! P e d a l B i k e S p e e d y Sled Racing Scooter Cadmium bars. Streamlined. 1 Easy to Steer Only .. $1.20 4 knees . .51.20 Sturdy ..5110 18 - in. B a b y Wooden Chest T i n k e r Toy. Electric Driven D o l l . F u l l y Gilbert T o o l s Hardwood. 72 Dump T r u c k Dressed ..?2.19 13 ps. .. .?1,19 rods ......Sflo $1.98 Fire Chief Auto is Red! Lights 91.19 Tubular Steel Velocipede Bali-Bearings Red and black. lioud bell. Rear a u t o Popeye Walks Truck, W i n d . h i m . $1.00 Wood Z5o 1 .Sled . . it Speedboat Finest Features at Lowest Price Southern Ash--2 coats tested Spar varnish. Aluminium fln- E r e c t o r Set ishcd runners. Goes like Colored parts "greased A value! ?I.OO lightning" .$2.19 Doll With Real Lashes Sleeps, Cries ..$2.19 Fully Dressed Booties too .. T a b l e Tennis Ed Wynn Fire Bowllnir Allev Two Paddles. Chief G a m e Varnished. 10 42-In. Net 29c Fun! ... $1.19 pins .... 51.00 Speedy Coaster Wagon 53 " Holler Bearings « «·« C B, : ks Toy Truck Set Movie Machine Every Girl's Secret Wish Georgeous Silk Hose Everybody Likes to Give them! Everybody Likes to GET Them! GIFT SLIPPERS Even efficient women BUC- to flatteringly sheer, puro silk, full fashioned hose! Lisle reinforced feet. Chiffon or Service Wts. Wd Jralhrr with iplit lenlher nile, lined wllh pink lateen priced See the low price Slips of Silk Crepe Brown calf leather, felt lined, leather sole. A sensible gift! No bettor gift Investment nt this low price. Women can have slips they need. Firm weighted silk, dark Imported Inccs, ndjustnblo straps. Bodice or California tops. Flesh, Ten Rose. Hires 34 to 44. For Boyn, |-A pair DUC Brown felt, brown kid tip, dfHlpn on front. A "IcnocU- 0111" style! Wool skin sheep bunny slipper. Very c n t e . S a v e a t Wards! Instant Dialing to Call Letters! 12-Tiibe Radio .00 S7.0D tnrmthly, plim tanrr- ing charge. $ cnih Wards finest radio . . . greatest o£ Wards great radio values! Instant Dialing-- no numbers to remember-- Shadow Meter, Kromatlc Tuner, Automatic Volume Control, and a big 12-Inch Super-Dynamic Speaker! Licensed by R. C. A. and Hazeltine. The most marvelous radio we have ever sold! Ready for His Christmas Handmade Ties Pressed, turned and lined-- H^Ofi stripes, plain colors or small «*^^^* figures. For every man on your Is Ward's Il3t - Low Prtco A Sensible Christmas Gift! Men's Practical, Warm Sweaters A practical sport coat Gweater that will make his Chistmaa morning merry! Half w o ol . firmly knit, built for style and service. Blacker brown. 34 to 4S. He wants it! You save on it! Bicycle $ SO1 M down, $5 monthly Small carrying chargel It has stainless steel mudguards, Riverside mate tires, all chromium plate fittings. A value! Kid Gloves For Women $U9p, Capeakin plain or novelty slip, ons. Winter colors. All sizes. Dress Gloves Unlined Cnpe $1.29 Men's one clasp Full or half out- a o n m s e w n . Blade, brown, 8 to 10 M. Lined Mittens Tough Horse hide 79c Youths' f l e e c e Elastic web wrist lined m i t t e n s , Brown. Ages 14 to 16. Men's Blazers Full Grain Suede $4.98 Sateen lined, two pockets, elastic knit bottom. Tan Sizes 36 to 48. Waist Suits Boye or Girls 39c Rib cotton. High, Dutch neck, ankle trunk length White. 2 to 10. Crib Blankets For Gifts 50c Plain design. 3 In ,,·»· * a , t e e n hound. ·J, Pink, blue, 36x 40. Panty Frocks Hand Embroidered 59c P r i n t batiste percale, broadcloth. Pastels- 3 to 6. For gifts, y Handsome Flat Crepe Silk Prints Thrift f n price! O y C y d . c U hrt drC f Ss ^ ngths of thls fma ^ fabric at Christmas! Rich colors, in guy patterns. Solid colors, too. 38 Inches wide Flashlight With Battery $1.25 S h o o t s a 1500 foot beam. 7 cell battery. Nickel- plated. Elec. Lantern 1000 Ft. Beam $1.40 Sturdy! C o m - plete. 3 in high. Has a powerful battery. 6 jnoh head. Hours 8:30 a. m. to 5:30 p. m. Open Saturdays till 9 p. m. PHONE 57 M, D N T C D M E R Y

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