Kossuth County Advance from Algona, Iowa on November 3, 1932 · Page 4
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Kossuth County Advance from Algona, Iowa · Page 4

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Algona, Iowa
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Thursday, November 3, 1932
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PAGE FOUR •NTEJRED AS SECOND CLASS matter December 81, 3908, at the S»ostoffice at Algona., Iowa, under the •et Of March 2, 1879. TERMS OF SUBSCRIPTION 1—To Kossuth county postofflces and bordering postofflces at Armstrong, Bode, Brltt, Buffalo Center, Cor- wlth, Cylinder, Elmore, Hutching, Llvermore, Ottosen, Rake, .Rlns- ated, Rodman, Stilson, West (Bend, and Woden, year •—To all other U. S. year Postofflces, $2.00 J2.50 ALL subscriptions for papers going to points within the county and out- Of-the-county points named under No. 1 above are considered continuing subscriptions to be discontinued only on notice from subscribers or at pub- Usher's discretion. Subscriptions going to non-county points not named under (No. 1 above will be discontinued •without notice one month 'after expiration of time paid for, If not renewed, but time for payment will be extended It requested in writing. T HE persons managing the ship of state are doing the' best they can. Keep silence, be patient, and we will get you sate across. Good day, gentlemen. I have other duties pressing upon me that must be attended to. —'Abraham Lincoln. HAS gold. Our own people undoubtedly did hoard gold, but mostly they hoarded paper money, Mr. Schroedor further quotes us as having said that the Federal Reserve had to redeem its notes then In circulation in the sum of $2,000,000,000. All this, he says, rnakes $5,000,000,000 which the country had to dig up In gold, whereas we had only $4,000,000,000 or thereabouts. Inasmuch as there was nothing in the editoria'l In question which claimed or even inferred tha.t the Federal Reserve had to redeem ?2,000,000,000 of its notes, Mr. Schroedor will have to revise his figures. Altogether he is off a mere trifle of -some three billions. We haven't bothered to verify Mr. Schroeder's estirflate of 203 billions At the Call Theatre A Review of the Recent Talkies by T, H. C. 3 HAVE HAD gangster pictures, pictures about doctors, radio announcers, prize-fighters, pictures dealing with almost every phase of our domestic and commercial life. What could be more timely than a deluge of political talkies on the eve of our national election? Washington Merry -Go-Round capitalizes on the popularity of tho book by the same name, but, regardless, the subject would still .be timely at this period of our country's history. lisping actress who seems unable to find either herself or a suitable story, is here portrayed as 1 the mistress of a, worthless cad (Monroe Owaley). She gives up even family ties to mourn her lover's death, a kindly deed done by the hand of her faithful brother (Robert Young). Most of the action takes place in the courtroom, where Prosecutor John Mllkan and the attorney for the defense ('Lewis Stone) engage in verbal battle. If this is court pro- o THE PRESIDENT HELVED TUB COMMON MAN! John C. Nordstrom, Algona., encloses a banner line clipped from a newspaper, "Hoover Reveals U. S. Aid Saved 314 Railroads." and writes: "Will you kindly Inform me •how many farmers and laboring men have been saved?" Comparatively few people have the foundation of economic knowledge necessary to understand how the measures adopted by -the administration to alleviate the depression reach down to everybody. This is especially true everywhere west o£ Chicago, because our western activities do not bring us into touch with finance. Here in the west most of 'us know how to interpret the grain and livestock market reports, but the stock, bond, and money market reports and the news of tile manufacturing trades are Greek to us. We fall into an error here, for these things are as real and as important as ,the markets we understand. The great problem of the republicans in this campaign has been to make the west see and understand the facts o£ finance which govern us as much as they do the cast. They govern all the world, in tact, and will continue to do so no matter which side wins this election. Another great problem of the administration has been, and remains, to make people see that but for what has been done the times would have 4>een much worse than they are. ?The fact that many people do not -•ee this is a perfectly human fail- tog. Simply because "it didn't hap- j»en. we cannot know what would feave resulted if a cyclone had -passed through Algona last summer. Similarly we cannot understand that this country was in •pring, because the danger danger last was mverted; nor can many of us see •that conditions might have been «nuch worse had nothing been done. air. Nordstrom is in this situation. Mr. Nordstrom did not enclose the »tory under the banner line, but we •can guess at it in a general way The Reconstruction Finance Corporation has been lending money to the xailroade to keep them on their feet. A little of this money has gone to bankers to pay debts, but the great bulk of it has been and Is being •used to keep railroad men at work -and provide labor on needed improvements or upkeep. What Mr. Nordstrom and many others unfamiliar with economics •Overlook is that the great sums lent to the railroads to keep them out oi *ankruptcy have kept hundreds of -thousands of men at work. This in -turn has reacted favorably on the 3atoor market by preventing further -^congestion, producers tarmers, by saving tlhat much of the Wiarket for their goods. Without this help the railroads •would have had to reduce their help enormously, the men thus thrown out of work would have added t< the labor supply, they could have -purchased much less to meet thei: ; than they are now doing, an< markets for our western goods •would have been just that much -worse Ulftn they a 16 - But we caT1 ' see thlw heuntutt) It wag prevented •from happening, It Is the same way in the case of Jill ptiher operations; of the R. F. C. ind in tho flflfie of practically all ^ther measures adopted by the administration to prevent things from being infinitely worse than they been or still are. Few under- and It has helped aJ of supplies, including stand, for example, that the R. F. C. Hast summer rescued the country trom the imminent threat of gigantic tank failures beside which what we tiave already had would have been t»ut a drop In a bucket. In like manner few know that R. F. C. fcelp prevented life insurance failures which would have prostrated our financial system down to the smallest hamlet and reacted to the -great damage, of every man, wom- «n, and child in the United States. There is an old story about a man •who complained that he could not *ee the forest someone was pointing x>ut to him because there were so wiany trees. It is the misfortune of President Hoover in this campaign that millions of voters cannot see •that anything has been done, in fact everything that couQd be done, because their own immediate problems stand in the way of the larger view. as the total of public and debts in the United States, stand. It means exactly nothing, because the whole paragraph betrays such a profound misconception of finance that the reasoning is meaningless. The notion that there is ever, or ever should be, in any country enough njoney to pay all debts at one swoop is too absurd for discussion. Mr. Schroeder says every schoolboy knows that if the United States went off the gold standard gold would not go to a premium. Well, every schoolboy, or adult of schoolboy mentality, may know . it, but no one who knows anything about history and finance does. The English, the Japanese, and the people of other countries now off the gold standard don't know it. What they know is that they have to pay a premium for gold right now. The Germans didn't know It when all their gold left the country and they had no money left except paper marks which a present prominent candidate for the presidency, within six months of the final debacle when they became utterly worthless, advertised for sale at a million for $200 in U. S. money. The French didn't know it when they had to stabilize their franc at one-fourth its face value. The United States didn't know it 60-odd years ago when It took more than $2 In greenbacks to buy a dollar in gold. No nation in history which went off its monetary standard ever knew it. •Mr. Schroeder again harks back to the demonetization of silver by this country in 1873. We have already iscussed that point, and we cannot "o in'to it again till Mr. Schroeder hows how that demonetization ould have had any effect on the rice of slver in view of the fact hat at the time of demoneti2a'tion he silver dollar had not been in irculation since 1884, a period of 39 •ears. Mr. Schroeder's final paragraphs ire nothing less than demagogy. Vho are these "big boys" whom he nvislons as grinding down us "little ellows"? Let us get right down to brass tacks in our own county on his. Who lends the money we Cossuth county business men owe? s it not the local banks or some relative or friend? Who lends and local banks, the local building and loan associations, relatives, friends, or (principally) the insurance companies? Now, leaving out of account the relatives and friends, whose money are the local banks, the building and oan associations, and the insurance companies lending? Who are these 'big boys" operating in Kossuth county whom Mr. Schroeder would pay in 60c dollars? i Why, Mr. Schroeder, the money the local banks lend us business men is just the money of our relatives, neighbors, and friends; and the money the Insurance companies lend, is just our own.money, the money we for half a lifetime slave for, year in and year out. to pay our loved on.es when our own protecting arms are withdrawn. So It is we ourselves, Mr. Schroeder—you, this writer,.the neighbors, the friends who have confidence in us— we, the very "little fellows" you so fatuously talk about, WE are the "big boys" whom you would pay in 50c dollars—just because you have incurred debts that you find it In-, convenient to pay. Do you think, Mr. Schroeder, that our Koesuth county banks can take half what we owe, and still pay In, full what they owe us? Do you think, the insurance companies can let us off for half, and still pay our policies when we are gone? Would you defraud your own widow -and chlU, dren,' your own bank, your neighbors,' the friends who lend to you in need? '^ -....- ... .. :—- ? Do not imagine, Mr. Schroeder, that we do not see and evaluate the other side—the hard fate of the many who in these times of low prices for the products of labor and capital cannot meet their debts. If there Is a way to work this out and save the debtors It must be done. But before we monkey with the money standard let us be sure that it is the money standard and , not other causes at fault. No statesman, no economist, no financier has yet offered proof that it is not other causes rather than the money standard which account for our plight to^ day. Personally, it is difficult to work up I ccdure, then the Call le the world's to white heat about tho various in- largest play-house. Jjinally, to save trigues that undoubtedly have a private Let it i place in our government, as they have in every other government. That there has been graft and skul- dojrsory in the sacred "high places" of Washington no one will deny; but it is not pleasant entertainment, at least for this humble critic. When we turn off a listless, mellow Hoover speech on our radio and hie to the Call, we are imable to go into an ecstacy of delight over witnessing the knavery, murders, and outrages committed in our national capital. However, Washington Merry-Go- Round seemed to give general satisfaction to customers, and we might be wrong. Certainly the work of this young Lee Tracy deserves more than passing mention. Here is a youngster of no mean ability, with that air of sincerity and conviction that sways an audience and holds one spellbound in "pinches." His courage in facing a hostile bonus army calls for our deepest admiration—-even if its only in the movies. Unreal as such a character is—his very youth is a handicap in what has been pictured as a "den of grafting lions"—Tracy gives a faithful and sincere portrayal of a modern Crusader for the rights of the people. Playing- opposite is the gracious, lovely Constance Cummings, a beautiful young woman •with enough,' talent to put "across" in almost any role. her She gives us the impression of being more intelligent than she really Is — else why didn't she "fall" for Lee instead of foolin' around with that crooked politician? Good photography and an ade-. quate cast distinguish Washington Merry-Go-Round from many of the talkies now being released for public consumption. And don't forget to watch this young Lee Tracy — he's a comer. I F THERE IS EXCUSE for a talkie •like Unashamed the viewing of it does not disclose that excuse. A duller, more aeinine exhibition of man depravity could scarcely hu- be •vgainst our Kossuth farms lomes? Is it not the same conceived. That the production boasts an imposing cast, only makes the offense more vicious. A synopsis of the plot would shame even a reviewer. Helen Twelvetreee, an insipid, her brqther from .the electric chair (which Attorney Stone has painted to her in none too glowing terms), she sacrifices herself by assuming the characteristics, of a prostitute, whereby (apparently) hangs the title of the picture. When the frightful orgy is over, the colored maidservant exclaims, "Hallelujah!"— and we second the motion. AKE ME. A STAR suffers from two tremendous handicaps—It M he father "overdo.'' natural, convincing, pletely entertaining. Interest in the picture is sustained by frequent flashes of screen celebrities as they saunter across the lot In a Hollywood studio. We recognize many familiar faces. The atmosphere of the studio is faithfully portrayed, and the entire production Is beautifully mounted. The photography Is excellent. If' you missed Make Me a-'Star you passed up a good bet. ' UR SUGGESTION TO producers of mystery plays, after viewing Miss Pinkerton, Is that all motion picture machine operators be Instructed to run the darn things backward immediately following the so-called solution of the mystery. In this way we might be able to gather t/n the threads of the plot as it goes back; we could then see why the butler sneaked up the back stairs, why the dog growls at the lawyer, or who is setting ladders up against houses at midnight and why. It wouldn't do a bit of good to see it from the first, because we would again have forgotten the solution by the time we got that far. As Harlan Miller would say, "This service is free." was both a successful stage play and an excellent "silent." Despite these obstacles, it emerges in the .talking version as a most delightful comedy- drama. In the sound picture, we have Stuart Erwln in his first starring role, playing opposite Joan Blondell against the glamorous background of a rather realistic Hollywood, and the result is a triumph for the cast and the director. Harry Leon Wilson's book, Merton of the Movies, supplied the brilliant dialog, and Stuart 'Envin was put" the right Interpretation into the lines. In his hesitant, befuddling manner he brings both humor and pathos Into the part of Merton, grocery clerk who gets a diploma from a correspondence school of acting and sets out for Hollywood in the mistaken notion that he is ready to become a star. After starving and sleeping on "property beds" on the studio lot, the sympathetic Blondell convinces a comedy director that he ought to burlesque a "western," which he does without Mr. Erwin's knowledge that he is playing anything but a serious role. Then when he attends the pre-vlew and realizes that he has been double-crossed by his friends he is ready to take the first train back to Slmsburg. But once in the arms of Joan, things look brighter, and he inquires whether the waiting taxi-cab (ready to take> him to the station) keeps the meter running. When she answers in the affirmative, he concludes, soulfully and happily "Gosh, it's worth it!" Mr. Erwin's dumb bewilderment •suits itself admirably to the part of Merton, and only once, in a speech at the very close of the picture, when he tries to convince the girl that he was aware of the hoax which was being' played on him, does Lu loses Appendix. Verne, Nov. 1—Harold, Schroedct Again 16- year-old eon of Mr. and Mrs. Chas. Miller, was taken to the Lutheran hospital, 'Fort Dodge, Monday for an operation for ruptured appendix. Hurt Boy's Leg Broken. iBurt, Nov. 1—George, 10-year-cld son of Mr. and Mm. C. L. Moore, fell off a corn wagon last Thursday, and the wagon ran over one of his legs, breaking It. toy Henry E. Schroede*. Lakota, October 29—Your editorial of October 13 commenting-on President Hoover's speech at Des MolneS Is so full of Inaccuracies that it seems you must have misinterpreted the meaning. • ' ' You quote the president ns saying that last spring he, by some heroic action which you do not 'explain, kept our country,from going off the gold standard. You also say that foreigners drew from this country $1,500,000,000 in gold .and the people of the U. S. withdrew from circulation $1,500,000,000 in gold, and that the Federal Reserve bank was compelled to redeem its notes then in circulation to the extent of $2,000,000,000. This makes a total of $5,000,000,000 in gold. We had, before this withdrawal and hoarding of gold began, only $4,000,000,000 in gold, which, according to your figures, including withdrawals and redemption deposits, shows us using $1,000,000,000 in gold more than'we had, when , you say, the president kept us from go- Ing off the gold standard. The truth of the situation is we were off the gold standard at the time, but you and President Hoover do not seem to have discovered the fact. You quote the president as saying that the debts of the' United States are mainly made payable in gold. If this Is true all persons that are in debt are bankrupt. The last authentic report gives the debts of the U. S. public and private, as .$203,000,- gggssmJI the Value of th e . Intel-ear Oh -$868,006,066,606 amounts to $12,000,000,006 a year, «» there Is not eHOtigh gold itt the World* to'pay the Interest on the debts one year In the U. S. A., to say nothing of pay- Ing, the flrlnctpal, The president did d fine job to keep the free-pie on such a money system! , You quote the president as saying that If We Were off the gold standard gold wbttjd go to a premium. Now every school boy kntrvv«^ better than that; Thirty of the leading 1 , nations of the world have abandoned tho gold 'standard as money. ' If this great nation 1 abandoned gold as money it would Undoubtedly go down '4n price, as silver did In '73 when It waa demonetized, if gold lost the monetary and legislative value given it by this country, It no doubt would get cheaper than silver, because there are 1,000,000,000 people in the world whose money Is silver. Silver Is worth Z7c an ounce. Gold as; a, metal is practically worthless to the human race, except for filling teeth, and there la to much 'of It for that Use to maintain Its present value. It.is not we little fellows who are In debt Who are afraid this nation will go "off the 'gold standard. It is the, big boys, such as the interest bankers and mortgage bankers} who have made loans and .have cunningly made principal and Interest payable in gold. If .gold would go to'a premium, as you say, if we abandoned the gold standard, these big fellows would sure be for It, because this would make our debts to them harder to pay. I have never, heard of any o'f them wanting to abandon the gold standard. If we abandoned the gold standard one-half easier products would , In price. Th eso ,„„ . cunningly ni a(lo „ « ^ gold would want , '" tract and 'hnvo the n 8cln (food old lawful m s Sammy (greenbacks)? ° f VOTE JOR- VOTE FOR H. W. Miller Republican Nominee for COUNTY ATTORNEY At the General Election November 8th Ida L Petei Republican nominee j| County RECORDER! —.—-ggiig ™ Vote for 0 HENRY WEI Republican Candidate! COUNTY SUPERVISOB Second District \ Your vote will be aij ated November 8. Announceme INDEPENDENT CANDIDAl FOR SUPERVISOR FIKST DISTRICT | John H. Frc Your vote and support apprnJ 1TB. SCHBOEDEIl AND THE BIG BOYS OF FINANCE Mr. Schroeder, of Lakota, comes to bat again. We are always glad to "hear from Mr. Schroeder. We do not mind when he eays our editorial on Hoover's Des Moines speech was tall of inaccuracies. To editors such accusations are old etuff. But we do wish that Mr. Schroeder would fee accurate himeelf when he quotes us. We are quoted as saying that foreigners withdrew gold last winter to the extent of a billion and a half. Mr. Schroeder is right about that. But when he goes on to quote us as bavins? said that our own people fcoarded another billion and a half "of gold" he jumps the track. If he <will re-read the editorial he will find that it said they boarded "money." There are eight or nine kinds of tnoney In the United States besides Experiments are : I ill "A Costly Republican Timely Topics The ablest political fighting that this country has seen since 1896 (s 'being done 'by President Hoover. Every speech is a sledgehammer blow. Governor Roosevelt's speeches seem rather puny in comparison. There iis every indication that despite the times, despite a vigorous and able democratic opponent, and despite the revenge 'candidacy oif the notorious Long, Governor Turner will receive at the polls next Tuesday the endorsement which he richly deserves. The flat money crazies need expect nothing from Governor Roosevelt if he changes his official title to president. There would be no more chance of unsecured printing- press currency under Roosevelt than under Hoover. Nine-tenths of the ballyhoo about what the governor will do if he is elected is plain hooey. No matter what the result of the presidential election next Tuesday, this country is not going to th» dogs. The times will gradually, grow better under either candidate. Hoover has demonstrate! that a president can do much to relieve a depression, but no president, can eitfaer make or stop one- i ' !*••¥* jKTi V ' - 1 " From top to bottom the Republican ticket is composed of men and women who can and will serve the country best in their respective positions. ' \\ This is no time for trying experiments or chasing rainbows in any national, state, or local position. ;j I i ' : ' • : This country needs trained representatives, who know the condition* against which we are striving, and who have the will and the ABILITY to win, '! ^ Experiments are costly, especially so in governmental affairs—let's keep away from them. Put a ero» in the circle at the head of the Republican ticket, and>ou have don. your duty and a favor to the country. ;r*"™ ^ Kossuth County Republican Central Committee R. S. McWhorter, Burl, chairman Mr.. W. J. Cotton, Lone Rock, vicerchwrmw, (FilUIIIIIIIIIIIIIIIUIIIIHHIIIIIUIIUIIIIIIIIIIIIIIU

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