Lubbock Morning Avalanche from Lubbock, Texas • Page 2

fto rmm-THt POJWNC AVALANCHE SATURDAY, MAY 13, 1933 Lubbock Morning Avalanche "Starts The Day On The South Plains" on titMttMt apoe MITOCM too utroagb errot MOM. lls editorial to EM fcpa to rtgtrdlMi taj the Lobooct. rullm. UM rtiwi it ft Member of Associated Press Fall Leased Wire Service A Reconstruction Opinion A LTHOUGH most economists and others who have given any study to the subject recognize that World war was one of the causes, and maybe the major one, of'the depression, it is doubtful if this factor has received the importance of attention it deserves. Dr.

James T. Shotwell, professor of history at Columbia university, in a report to the trustees of the Carnegie Endowment for International Peace, of which he is a director, describes the depression as "the last battle of the World war." His observations are especially 'interesting at the present time, and, if studied, may servers an enlightening guide to those seeking to get political and economic conditions back to normal. The Columbia professor does not place entire responsibility upon the war but sees it as the fundamental cause, with political follies or blunders of the postwar period as contributing factors. The interdependence of industrialized nations, he points out, was demonstrated by the which "was kept going by incredible effort and unlimited borrowings, but the borrowings glutted the edifice of credit and brought intangible destruction far beyond the capacity of a single generation to make good." Concerning what needs to be done to get things back on a proper balance, he says: "The war debts of governments, both our own and those of other nations, contain, as every one knows, but a small fraction of the cost of the war. They are, however, a reminder of the original cause of the displacement, and as such, have become political rather than economic facts.

Their existence bars the path to the recovery of international understanding and the confidence of nations in each other. But their elimination from the field of controversy can be a healing fact only in proportion as it opens the door to policies of appeasement and constructive statesmanship and to building in the midst of ruins and in the face of discouragement the structure of a world community which effectively will ban the use of war as an instrument of national policy." That the problem is being attacked ilong the lines indicated by Dr. Shotwell as needed will be viewed as an encouraging sign by those who agree with his views. Statesmen of the leading world powers now are engaged in efforts to restore international understanding while at the same time they are seeking to live with the economic' factors involved. Out of the conferences in Washington others that will follow, the world is hoping will grow agreements and measures for arriving at the solution of the present depression on such a broad and solid foundation as the professor believes to be required." TRADE TRUCE PROPOSAL The American proposal for a general trade armistice pending conclusion of the world economic conference to open in London June 12 is one that should require no extensive study by other nations before 'acceptance.

Such a truce, during which all nations would refrain from changing existing rates or imposing new restrictions on the of trade, would provide, a stable groundwork for the economic conference. It would give the latter a promising approach to the difficult problems it will and would greatly increase the probability of success in its undertaking to restore world economic stability. America's abandonment of the gold standard has injected a new complication into the general situation, but with the first shock of this occurrence over there appears to be a tendency in other nations to look on it with less alarm. It will figure prominently, however, in the London discussions. If the approaching conference is to have a chance of success, representatives of the participating powers must exercise broad will be necessary for them to lift their eyes above the interests of their respective states and see the nations of the world cooperating in an effort to reach a common economic recovery.

truce proposal represents the application of common sense to a difficult problem. Its acceptance, in addition to smoothing the road ahead of the'confer- ence, would serve to increase public confidence in the latter, which, after all, may not prove an unimportant factor in the success of the undertaking. of New York bandits stole two coffins from an undertaker's shop. Racket business must be pretty dead these days Strenuous man often wins victory that isn't worth the effort. If only a soft answer would turn away book peddler.

Today's One-Minute Sermon I Jove them that love me; and those that seek me early shall find 18:17, Senator Bronson Cutting Believe It Or Not wtt atFUTK br By Ripley Inflation As A Starter By CHARLES T. STEWART Central Press Staff Writer WASHINGTON, May 12. Senator Bronson Cutting of New Mexico, "is not a permanent solution of our economic problem. "Indeed, we may not have much of it. Recent deflations have been considerable.

To the extent that new money merely offsets them, there will have been no inflation. The inflationary margin will be small, perhaps. Such as it is, it should serve to start currency In motion, giving us a start on the road toward recovery." "The very threat of inflation," says Senator Hamilton of New Jersey, "is notice to financiers to beware of advancing cap5- tal, lest.they be repaid in cheaper coin than they have bargained for. "It is far from a fact that men of wealth, are driven to spend, to forestall their resources' evaporation under inflationary influences. Instead, they are driven to realise on their investments as rapidly as possible, and ship the proceeds out of the country.

is surer to operate to the workers' disadvantage." "Excessive inflation," says Senator Cutting, "unquestionably Is s. danger to be guarded against. Creditors Suffer "Still, the sufferers from it sre the creditor class; not the workers. "I was in Germany at the height of tha post-war inflationary period, when it cost billions of marks to buy a meal, and the old currency finally sank to zero, and had to be abandoned in favor of a new one. "It was inconvenient, but labor was not so baalv off.

then did not exceed 1,000,000. Today, on a sound m-sney basis, so-called, five or six times that number of Germans are idle." "Already," says Senator Kean, "the holders of farm mortgages are pushing foreclosure proceedings. They have multiplied, over and over again in recent explains current disorders in the agricultural states, "The mortgagees do not want the land. They are quite willing that its present occupants should remain on it. What they do fear (since they cannot their money out and send it abroad) Is that, a little later, they will be paid off in vastly depreciated dollars.

That's the reason for their haste to acquire title to the actual soil, which will continue to havs a value." "The truth is," says Senator Cutting, "that ultimate readjustment of our society will require a fairer division, among all the people, of the country's production of every sort. Fraction For Each "If we assume, for argument's sake, that one man, in one day, running one machine, can supply the whole of our national requirements for a year, then each individual in the United States must be given his annual fraction of a second at the machine, to supply his own needs. "What is referred to as inflation, let us hope, will give us a. lift out of the depression. "Public works will then keep our present system naming for a long time, in all years, maybe.

"The final stage must be something basic." "It is ridiculous," says Senator Kean, "to contend that prosperity can prevail in the midst of uncertainty. Prosperity is a matter of credit, and it is exiomatic that credit always is easiest in times of security." LATIN AMERICAN PARLEYS President Roosevelt's talks with Latin America's representatives, taking their turn, In his series of international economic parleys, probably will not, but might have, more importance than all his discussions with European and Asiatic diplomats combined. The older world's interests run largely counter to the new world's; the northern and southern new world's are complementary. The southern republics are vast storehouses of raw materials that North America needs. They are yawning markets for North America's surplus of finished products.

Yet Yankee enterprise (so-called) know! less of them than it does of Alabama or Manchukuo DOLLAR A WEEK Domestic help, for which a. wage of $2.50 to S3 weekly was about standard in the average American home a generation ago, is now reported available $1 in many sections. WIFE'S SECRETARY The wives of several members of congress are thei husbands' secretaries, but Daniel McCarthy (wh married Kathryn OToughlin of Kansas, after he election to the house of representatives last November) is the only husband acting as his congresslona wife's secretary. RUSSIA AND JAPAN Though Japanese diplomacy scoffs at prediction of another war between the Islanders and Russia, the Chinese press declares it inevitable In the near future. SWEAT SHOPS Reports continue to pour into the labor department of sweat, shop condition.

In many parts of the country, far worse, as to low pay, long'hours and the exploitation of children (thousands of them working than ever before in the 30 years covered by the department's records. BUILDING TRADES "The construction trades' prostration is responsible for 84 per cent of unemployment; if those trades could be fully revived, unemployment thus would be 34 per cent eliminated," argues Chairman Fred Rowe of th ONo' work project development committee, in submitting to Secretary of the Interior Ickes a plan to relieve Buckeye State industrial distress. What OtherPeople Think History fihowe that a great revival in spiritual, has always followed previous depressions and great Helperin, movie director. I tell the farmers to stop raising so many hogs and 6o much cotton and start raising Tom Rlckard of Oklahoma, at National Farm Holiday Association meeting. Jaded, unmoral, bumed-out philanderers exctt? the minds of young people fay moving and low-class Samuel 8.

Drury, ter, St. Paul's School. We desire only to defend Manchoukuo, In the event the Chinese challengers continue or they disturb Manchoukuo, the Imperial army is prepared to draw the swore? as often as Arakl, war minister of Japan. rv THE GREAT EA57FRN" A SIDE-WHEELER- 75 YEARS AGO COULD CAKRY MORE PASSENGERS THAN ANY SWP Carrying GREAT EASTERN 4QOO 223o 2 188 SIGNATURE OF ndita. ONE CONTINUOUS LINL A CRftB CAN IK AW DIRECTION ort WITHOUT IT IS POSSIBLE FOR A PITCHER A Q-INNING TO DELIVER '207 CALLED SOS CALLED STRIKES A'O STRIKEOUT5 H1T5, NO RUHS, NO ERRORS EXPLANATION" OF YESTERDAY'S CARTOON EXECUTIVE RECORD The Hon.

Hiram Bingham, while serving as Lieut. Governor of Connecticut, was elected 63th Governor of the State in the November, 1924, election, to bs drafted for the unexplred senatorial term of Senator in December, 1924. Ke was inaugurated Governor of the State in the late afternoon of January 1925, and resigned in the early hours of January Eth, to take the oath as United States Senator. Before he boarded the 11.09 a. m.

train for Washington that morning, he had crowded the tenure of three high offices in succession within the unprecendented space of 20 hours. THE LIGHTNING ROD FASHION Benjamin Franklin's electrical experiments made electricity fashionable fad in European society. A most curious outgrowth of the craze were the lightning rods which the ladles of the "haute' began wear on their hats. The "rod" consisted of a woven metal ribbon which encircled the hat and terminatoc in a long silver cord traling on the ground. Thus arrayed the "grande dame" of Franklin's time not only considered herself in the height of fashion, but she also deemed herself proof against thunderbolts.

A PUZZLING TREE DWELLER Fred Brown is the Mystery Man of Horatio, Arkansas. He has lived as a hermit in the vicinity for over 28 years. For the last ten years he has slept in a tank suspended in a tree, owl fashion. His origin and identity are an utuathorned mystery. Lubbock Representative in Speaking Contest Appears Before Convention EDITOR'S NOTE: The following speech was presented by Lubbock's representative in the My Home Town contest sponsored by the West Texas Chamber of Commerce.

J. L. Stimson winner of the honor here, spoke Friday before delegates at the WTCC annual convention now in session at Big Spring- "MY HOME TOWN" My home town was founded in the year 1891. It was named Lubr bock, honorng the memory of Lieutenant Tom Lufabock, a Texas ranger who gave the supreme sacrifice in the Civil war at the battle of Shlloh. Lubbock is located in the center of 15 counties, comprising the South Plains of Texas.

These 15 counties consist of about 7,500,000 acres of as nearly all tillable land as is found in all the nation. In the early days a vast ranching industry was developed, but In more recent years these ranches have been sectioned Into farms and today Lubbock stands in the midst of one of the greatest farming regions of the entire United States. Had Small Beginning Like most great cities, it had a small beginning, but as the Plains were settled and as the ranching land was subdivided into farms, Lubbock grew. The Santa Fe railroad was built into our city in 1909 and in order to supply the towns of the South Plains, it has built branch lines in six directions from Lubbock. The Denver railroad was extended into Lubbock in 1927.

Thus, instead of the winding cow trails converging at the watering places of a generation ago, we now have ribbons of steel and bands of concrete converg-r ing into the city of Lubbock, and the vast South Plains of Texas are served by Lubbock, which has come to be known as the "Hub of the Plains." Lubbock is a city of opportunity. Located in the center of the great agricultural and livestock country it was destined from its beginning to develop. With the increasing population, business concerns grew and prospered. Many wholesale houses have been established here to supply the large trade territory adjacent to Lubbock. The fine stores in our city serve not only the Farmer Brpwri Will Be Chief At Meeting In City This Af ternoon s.

Brown, the American Fwrm Bureau will chief this 'will Ugin at 2 o'clock, Of Ur, Vlo Te win Lubbd-iK county who It The iA 4i" by E. L. rtUry of fteadtnf, "A Tempto Built by Music," ViriioU (A Lyb, bock county, Of Texas Ftrm Fedtration." Addrew on agricultural setup of nation, by 0. 8. Brown, Federal Farm board, hm VhAt Farmer Brown hat in tines AprU 25, a wftik then and has practically every Motion of the State.

Stturdiy'c to to (ho of Friday he spoko in Sftii Angelo. Reports from all MtttlOna of tha mtny from other of thu come PHONE 4S Day. THE BLOSSOM SHOP WANTED I to oar plant by LUBBOCK POULTRY A. EGG COMPANY 12M 4ib gt. Phone MOO AMBULANCE PHONE200 BYNUM-STAHLER FUNERAL HOME BUS SCHEDULE SOUTH PLAINS COACHES J.

W. BOWMAN, TEXAS New Low Fares Modern Busses Side Glances George Clark "If I can hold the job until they get to like me personally, it won't make to much ''difference when.they dUcover I'm a terrible people of Lubbock, but'visitors from our neighboring Surely, our; is a city of business opportunity- Educational Advantages Lubbock is a city of educational advantages. Our public school tcm Js of the finest type. We 13 fine brick school buildings and a new high school building, which is not surpassed in beauty and architecture in the entire Southwest- pearly 6,000 students attend our public schools and study a curriculum which is accepted anywhere. After graduating from the Lubbock High school, students have the advantage of entering Texas Technological college in their own city.

This helps them to reduce the cost of their higher education and have the advantage of going from the primary grades to the higher degree of technical training in their own hpme Our city is fortunate In having arge number of churches representing the principal denominations which afford ample means for our citizens to worship God according to the dictates of their own conscience. Civic Pride We have a civic pride and pitality which only a city of the West affords. take great pride the plan of our city, in our public buildings and particularly in our wide and clean streets and in the fact that Lubbock has three years in succession won the National Loving Cup for Texas in the National Clean-Up Campaign. We take pride in having Texas Technological college in our city and the tions of the faculty to our citizenship. The founders of our city wefe men of vision and as they have taken their places in the silent halls of death, others with equal and greater vision have taken their places in our city life, and year by year, the foundation has been laid for growth and development.

Cities Are Built Lubbock has grown with the idea that cities do not happen, but are built, and by the slogan adopted by the West Texas Chamber of Commerce two years to has continued, on the up grade during these trying years Lubbock is on sound financial basis. The city tax rate IB the low est In the nation, we have never had a bank failure. Our peopje have high, standards of morals, education religion and industry. These assets added, to the certain development of her virgin resources, give ample assurance for courage, optimism and security, as we face the golden dawning of the Deal." Therefore, ladies and gentlemen my home town Is an ideaj city in which to live. Its size is adequate its climate is superb, its citizenship is most hospitable and I Invite yfiu to make your home with us, Over 517,018,000 tons of coal were used for various purposes in the United States Jn 1930.

Richtrd W. Martin Funeral Director and Embalmer Are. Telephone 70. Tel, 270 BETWEEN LUBBOCK FT. WORTH DALLAS EL PASO Good on all on tale until June 30th, 1933 Call Union Bus Station FOB DETAILED INFORMATION PHONE 100 Sooth; Plains Coaches PIONEER MOTOR LINES, Oftrnei O.

Abbott. Leave Lubbock 8:45 A. M. for Littlefield, Amherst, Sudan, Muleshoe, Fferwell, Clovis Low Fares Call 100 UNION BUS TERMINAL FOR FUBTHElt PfFORMATTON LT. Lubbock 8:45 A.

M. 3:40 P. M. for Levelland LY. LeyelUnd 11:15 A.

M. and P. M. for Lubbock LOW FARES GALL 100 "SOUTH PLAINS COACHES NO. 2 W.

R. INORAM, Qpermtor. TCXM READ DOWN READ OP 8 1 .261 -a SOU 1.501 AT- Brownfleld Ar. 00(7 00 I.35|lt451« 15 P.M. 4:30 5:10 6:40 6:40 7:40 8:45 8:55 9:15 0:35 Down A.M.

9:10 10:15 11:15 12:15 1:15 1:30 1:50 2:10 RED STAR COACHES C. M. Fare .00 L-v. plalnview Ar. .60 Lockney rr 1.00 Floydada 2.05 Matador 3.06 Paducah 4.15 OrowelJ 4.50 Thalia 4.00 Lockett 6.00 Av.

Vemon Lv. Read Up Fare A.M. 5.00 4.55 4.15 3.10 2.15 1.00 .65 .26 .00 2:00 1:20 1:00 11:50 10:60 8:45 9:25 0:05 8:50 P.M. 9:15 8:36 8:05 7:10 6:15 5:00 4:45 4:25 4:10 B. G.

MOTOR LINES Brown well Read Down PM AM 8 3 5511055 Lr. BrawnfieJd Tolclp 30H1301 Plalxu Bronco (O.T.) 113013.60! Tutum (M.TJ 4.00| Cap Rock 4.75! Ol) Center 4011 3910.001 Ar. Rotwttl Read Up AM PM 5.00illJO|8 00 4.50!t05A|7 3S 4.0UU03UI7 IS 8.00I1U16I0 25 4 U( 3 00 1.00(7 SO 30 WESTEX MOTOR STAGES. AM 8:30 8:60 10 9:80 10:16 0:80 10:40 11:00 DOWN PM 2:66 3:20 3:40 4:00 READ PM tot Walou Lv. OP PM 3,86, 3,761 1:60) 3,601 ....112:45 2,501 1:30 U5j 1:00 .00112:00 8:05 Wichita Duncan Oklahoma City i.