Kossuth County Advance from Algona, Iowa on February 9, 1933 · Page 4
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Kossuth County Advance from Algona, Iowa · Page 4

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Thursday, February 9, 1933
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FOUR R088UTH COUNTY ADVANCE. ALOONA. IOWA THUR8DAY. FEBRUARY 9. OBBttttj •NTHIRED AS SECOND CLASS matter December 31, 1908, at the ^ofltottioe at Algona, Iowa, under the mot of March 2, 1S79. TBTRMS OF SUBSCRIPTION o Kosauth county postoffices and ImrfleflnK postoffloes at Armstrong, Bofle, Brltt, Buffalo Center, Cor- wlth, Cylinder, Elmore, Hutchins, Jjlvermore Ottosen, Rake, :RliiK- atefl, Rodman, Stllaon, Went (Bond. and Woden, year $2.00 *-To all other U. S. Postoffices, year $2.50 statement of condition and the deposits on the oth'er i jilde. ' • ' This le bank credit proper — the creation of a medium of exchange out of nothing. You check It out, but that makes no difference so far as the hank credit of the whole country Is involved; your check Is just deposited in some other hank. This hank credit Isn't extinguished The Colyum I(0t's Sot be too D—d . 170RTT-THR13E r when the old TEARS AGO, town library at till you pay the loan, when the bank j Goldffeld was sold, we bought and deducts the amount from Its loans! read the life of Henry of Navarre. Now wp ure i-eartiiiR It again. Ape IS IT M0.11E OmUUENCY OR MOMJ BANK CIMJJUT AV10 AEKIH I. and your check in 7>nyment cuts down the hank's deposits by the same sum. XI. In ordinary times if you increase the amount of cash In circulation It goes right U> the banks, banks use it as a basis and the of more returns to childhood Beat-mates •Other factors remaining unclmne- . ..... IT, , • * „..,-„„„ ,,r „„„„„. ,,uti..^ („„/> 7,J loalls - A ' 1 cash you put into circu- •ed, prices of commodities tend to adjust themselves U> the amount of anoney lin circulation and the ltty of circulati Money .In rcahr or currency thmt as muc us -cash. (money. Thi; great bulk of hu«im;ss j id -done entirely without the line of anonry. Deposit money in circula- j lation mm- pru.vlta.tes -to the banks at Rotary marvel at how much hut- tor we spread on bread. Darn 'em! Let them try it one-armed ... A man does not forget a trade he learned when yonng. After 30 years we could, with a. little brushing up, practice law again. iSalaried people sure of their jobs and pay are sitting on top of the Opinions of Editors QOM'ETHING AFTKR the nature of the Federal Hesorve banks is proposed ut Des Moines. Whether it could be made to .work In so com- Miratlvely small a field us an agi'i- Hiltural state is a grave question. The Truer Star-Clipper reports the scheme as follows: A now solution for the bank iroblem is offered in the Iowa leg- slature. This time it is the author- zatiorr of n. state credit bank after the style of the federal reserve bank, Mercer and Lola Lane Are Linked in Sunday Register but to operate only within the Now, then, think it out for your- | from home we ever got was Casper, self. "VVyo., unless it was our wedding trip 41on is normally eif-tln or nine times! In this country? Is it more currency that we need •Sno amount of ca.ili in circulation. Hence prices depend far more on more currency with practleally Ithe amount of deposit money in cir- ; effect in raising prices? eolation than on the amount of coin «r currency in circulation. III. Velocity of circulation means tlie «urmlK>r of times the money is turned over in a given purliud, suy a year. To illustrate, let us say that when SBonditions fire normal money turns sovor four times a year; but that in 4imeti like these it turns over only •twice a year. Then if you take Si.000 and put it finto circulation it does the work of 94,000 in a year when times are to Port Arthur, Tex. never read the sports pages or Haven't we already added a billion tlu> ^sister's funnies . . . The fish J Isn't it more bank credit that we ! need rather than more currency? j xin. I "What will revive bank credit? | Obviously demand for goods. ; There's your real problem—how to 1 create more demand for goods! It's | like the house that Jack built; more : demand for goods, more demand for , bank credit, more bank credit in circulation, more velocity, higher prices I—in short, revival of confidence. Merely printing more money to but in bad times does only the work of $2,000. pile up uselessly an banks will not solve this -problem. In time the problem will solve it- i«elf. Solution will begin in the pro__ , *"" i duction factor—has already begun. The number of products to be ex- ! Economic -law drives excess produc- ngecl for money aluo cuts a big era out of buslneas . Wlth produo . re. Other factors i-emaining the tion cut( prioe wiu tenfl to ri6e and eame, jf there are more than is -nee- restol .«. the equation. In the mean- we had in our- pool last summer now inhabit a tub in the basement . . . Ono lifelong ambition has been denied us: we have never visited Europe . . . One reason we like to read books about people who lived centuries ago is to get that far away from present troubles . , . We will give $>10 to any woman who will show us bow to make the kind of pancakes we like. When there were no clean underclothes the other morning we nubsti- tuted pajamas Striving to regain a syiphlike figure, we recently cut out sugar and cream in coffee . . . We like to have Mart Weaver, A. 00. Peterson, and John Frederick Overmyer come to our summer cottage because we don't have to enter- no'tes and paper gtivon member hanks by customers, and would have authority to issue bonds against the collateral deposited. These bonds would be sold to investors to provide additional funds for .loans. "The facilities of the proposed bank .would make possible the redls- counting of loans secured by first mortgages on Iowa land and city real estate, cattle feeding and barnyard loans, chattel mortgages and ' notes. This would enlarge the r edis- count field considerably, ae the federal reserve is not now permitted to accept loans secured by real estate mortgages. "The bill, which is now in .process of making, is said to be one of the items of Governor Herring's program for legislation regarding banking and credit, and ie understood to have the approval of leading bankers of the state." tain them In '25 years in thte shop we have, when well, never known what is was not to have to work nights and Sundays. OUR IDEA OF a good show is n ' eot (lenlancl - I"' 1 "' de " i time goods will -he used up. That will | "-Prosperity," by Marie Dressier and create new demand. Producers will Poll - v Moran. Only it has more to dines; i£ fewer, price runes. IT. 1 borrow to buy raw materials. This Tou can express all thifi is an al- ; w!1) increase deposits. The equa- Cebraic equation, and this wu.y of readjust itself in higher •visualizing it may .be found in any 'Prices. Good times will -be back. Pro- whlch duction will speed up. The cycle will flta.ndu.rd work on economic treats of money. tLet "M" stand for the amount of coin and paper money in circulation. -Let "V" stand for the number of •Jtimt-s this money is turning' ever in a year. i*t "iD" stiuid for deposit money he done by government towards and "V" again for velocity. ;be on the way to a peak, then to -another crash. i lieu-are of a squall in the 1940's! Bt- prepared to reef every sail in the 'lllf.O's! XV. We do not euy that nothing can do with depression than prosperity. We first saw Marie in the silents, when she and Polly played "The Cohens and the Kellye." And of all the movie stars Marie has been our favorite ever since. Motivated, perhaps, by womanly delicacy, Mrs. T. H. C., in the movie column, soft-pedals the joke which rings down the curtain. "Well, the Colyum has no delicacy and will reveal it. Desperately intent on reopening the bank, Marie plans to end her amelioration or stay of the cold pro-' 1 "- 0 , that her life insurance may be "P" stand 1'or price per unit cesses of economic law. But that is ! « se d. She snatches a bottle labeled I not within the purview of this edi- ! P° is °n and drinks it. But it's only and "JN?" for number of units. Now you have ithe elements for ! torUa . the object of which is merely She following equation: M-times-V plus D-times-V ~ffi»-tiines-N. V. Take figures instead of letters to illustrate. [Let the cash in circulation be f'1,000, the deposits SS.OOO, «nfl the velocity four times a year. SU>t the number- of units foe K.OOO. : SXTow you have: $l,000-time.s-4 plus ?!>,000-tirnes-<! equals ?f>-Umes-S,00(). Or ¥40,000 equals S40.000. Call that a good times equation. explosion of the commonly held theory that what we need is more coin- money. Timely Topics The Des Moinee Register is quite right when it argues that the so- called parity hill passed toy the house at Washington, which omits the reduction of acreage feature of the allotment plan, would defeat its own ends by stimulating production. Now suppose thtt ^bad, -Deposits go <] "Velocity is cut in two. Say .the num- 3ier of products' remains the same. You boost cash in circulation -by 25 Iter cent. Now how does the equa- 4ion i-ead?— $l"f>0-tirnes-2 plus ^equals ?2-times-SOftO. Or 316,000 equals $lli,000. last discovered the idea. gross to r-aivse his products than , v it costs any other class of producers; that is, hit; profit is less on the same cunt. To put it into figures, say a farmer makes ten per- cent and WnO-thnes-2 manufacturer makes S3 1-3 per cent. i Vet under- this "tern" called the gross income tax -both would pay the same In other word* price has been cut Uttle ol<1 ' nva per ' :ent on sales. to $2 a unit. VTI. Polly's reducing salts. Just then Marie's son bursts in with the news that the bank is saved, and Marie goes to the balcony to speak to the applauding depositors. In tlie course of her speech Marie tells them that it's time to abandon these modern luxuries and get back to simpler ways. She mentions tiled bathrooms — "ah, bathrooms. . . . B-A-T-H-rooms! — Friends, you'll ,T. P. G-AJ-ojA.'GffiPER, of the "VVilliameburg Journal-Tribune, who is also Iowa county representative, ie among many Iowa country editors who fear future re- percusslion from the recent practice among farmers of bidding in farm auction chattels at a small fraction of what they are worth in order to •help a debtor out. He says: "At a farm auction sale at Watkins the' other daj r a large number of farmers gathered for the purpose of buying the articles put up for sale as cheap as possible, with the thought in mind of returning the goods so purchased to the. former owner, who was being sold out to pay a Judgment. "We do not believe that the statute on deficiencj' judgments should ever have been allowed on the statute books of Iowa. When a person loans money on a piece of property, that property should always have the same value as the money which was loaned on it, and if the lender's judgment was bad when the loan was made, why penalize the borrower for the lender's .poor judgment? "But the question comes up if tactics like these are used, and buyers (intimidated, what to going to hap- have to excuse me!" And, clutching Pen when someone in need of a her abdomen, she fades out of the j loan aske for it on a chattel mort- picture. Maybe you think that didn't (bring the bouse down. Perhaps These Knicknacks Help Muke Home, After All. [Geo. W. Godfrey's Squibs in Successful .Farming.] Bp spring I doubt if there will be a piece of cloth or an old garment left around .the place, in which I -can wrap a chilled pig. Everything about the place its now going into rugs—. braided, hooked, or crocheted. But 1 am supporting the rug manufacture with the best grace I can. There wus a day when I led the crabbing over such a waste of time. Extra rugs and window curtains I classed as unpractical and useless. Many a thoughtful democrat must | Then one day I had occasion to drop A. MOSCHIP, of the Marshalltown Times-Republican, who /has lived :a long time and seen at, least five major depressions, fears that too much legislative interference with mortgage foreclosures may prove worse than the disease. Part of a recent editorial follows: "It iis the hope of all of us who | fee;! uneus.r lest the (Roosevelt (But what wan it, mostly, that had ; ' I)ai 8' ri slogans anent the "forgotten the effect on print? '' .man" and the "new deal" return to which into a farm borne that had none of this sort of thing. It was a farm . ... , tojof many acres, and in addition the Evidently it was not the cut in ac '! fali ' lhe incoming president. They j owner possessed much money. But ":huve raised 'hopes and expectations j he was in deepest poverty when it -•'that .seem impossible .to fulfill. Un-| came to those things that go to make • .lens fortuitous circumstances bring!" home. I was well enough ac- i-Jve change in economic j q wanted with the folks there to know that the barrenness of that .. home WHS reflected in their lives. I tin- administration in the 11)34 elec-jleft that place a little wiser. I ean- tion. and that may lead to presiden- not say I appreciate all die dust- liul defeat two years later. ftual cash lin cicuhuion dueed price, for- you ir 25 per- cent and .it had littl effect on price. t . conditions within u vear from next it wu, the cut, in veloc- , tall the peopie will turn away from no ity and deposits, together with •cut in the number at products to be exchanged. Till. At the hnight of the Imorn in J!'l:!i chint- the amount, of cash in was 4.S Wllion dollars. ! catcher's that Tin- technocrats hold that are supposed to be circuHui'.in m . j l )resem »> the properly fitted house, ; but I do know that somehow those crowd men out of employ- fV . merit. They do, but .lust as in a-ri- uunBS are I" lrl o£ the expression of •we have i,our,d , *'??' ^ ™ Uu '* ll "** * " lllw " f diminishing ! a wt>miln '* di ' ea '" <* « home. •we Hem pouied nearly a oilhon mor-e . returns, ther-*- ,„=,,- i.- „ ,.„!,„ ;„ .-v,?J .. Roosevelt, ior-e . returis.s. there may be a point in the! in tlie co Jry where it.s .otrfcen; on the .ontnu-v",^- have ! tUm "™™ y l ' rl ™» " U ' ut «>» di ' ; somewhat (i( >w, ltM ,,,,,1 i^s^'^trrr^^^r^ ^rs,,r^,^r^s i? ^:.-^,—— ™ encouraging prices, ami the other day, in -Nebraska, tractor. •ne down, though perhaps not far as they would have gone without the extra money. There & m , •evidence, however, that the extra billion had any appreciable effect. In 192!) the volume of bank credit, that is, depowiu:, was T.S.tS iiil'.ions. Today it (is 4(i.l .billions, a cut of nearly 13 billions. We have no figure* on velocity, 1)ut everybody knows it is down as regards circulation of both cash an 3 bank deposits. No bank i K Ir-uidling anywhere near the number oi' checks iiuidled in ]«2!i; no store, no indti- Vidual is handling as nuix-h cash. Money is turning over much more slowly. We don't k tnumber •eitl dines vine duction urse of the last campaign, contemptuously, if inad- , insinuated that the repub- congress now had control a team outsold a ! goguery" look. the. Hill to Dema- Al Smith's New Out- Typical Comment ! Mr. Barry is the venerable ser. geant-at-arrnK of the U. S. Senate. ; Tlie senate had him on the carpet gage? Will the one who has money to loan risk .placing it on a chattel mortgage, and when the time comes for payment risk the chance of losing both his principal and interest? It is something at least a-bout." to think Kenneth Mercer, Algona high school coach, acquired unexpected, fame In Sunday's Des Moinee Register magazine. In Ite lurid way the magazine featured the careers of four flla- ters from Indlnnola named Mullican who have acquired stage prominence. Their fltage names are ILola, iLeota, Rosemary and Prlacllla (Lane. Two of the slaters, Lola and Iioota, have 'been married, Leota i« a divorcee, and Lola is seeking a divorce from Lew Ayree. The fltory features their lives ns young girls at Indianola, site of Simpson college, of the Kent Motor Fred Kent, Co,, comes from 'Indianola. Mr. Mercer attended college there. Now for the portion of the story which concerns Mercer: 'MTor some reason or other the Indianola folks who knew 'Lola when ehe was Dorothy Mullican, were skeptical of the success of the Ayree match. They recalled her as the pretty 'little blond who had (been fond of many, apparently loving none, of Indlanola's and Simpson college's young men. "They recalled the days when Bob McQrew, Simpson college student and violinist, had wooefl Lola. 'M3ut she was looking forward to a 'career, and left for New York—and fame. Then there was Kenneth Mercer, one of 'Simpson's greatest athletes. Indianola grew accustomed to seeing them together. But it didn't Jant, Neither did Ralph Mclntlre, who later became director of public school music at (Lansing, Mioh." That's all there Is of local interest. Mr. Mercer. In hte football days, learned how newspaper writers In search of sensations can twlflt commonplace facts into fiction, so he is not worried by this mention. As a good sport, however, he Is ready to accept all the "kidding" that goes with it, though as a matter of .plain fact his association with all the Mullican girte, including Lola, wue merely such as- ordinarily and innocently exists between college boye and any pretty girls who may happen to be in the .neighborhood. At The Call Theatre A Review of the Recent Talkies by T. H. C. .Qtrti SBB* - frhfc li th(s of lyjiewrltlng 6n !*• per 'Otvearda. Toll Would be surprised to knftrlittW muah of thte work we flo. "We mltneograph bulletins, letters, cards, etc., and the cost Is mudh 'less than printing. Suppose Voti want to send out a circular letter,-a notice of any'kind, or a card. We mimeograph the job for you In a few minutes, and the work cannot be told from Individual typewriting. Ana you can sigh your name to the mimeograph stencil If you deelre, and the signature will then appear on every sheet.—Advance. 26tf ADDING MACHINE BOILS MOTH WIDE AND JfABHOW AT THE ADVANCE who . ** «a,l« bookjj of any kind vlted to piaoe -orders' with the Ad. vanoe and thus leave a little of «hl money at hosne. Quality and j>rio!! guaranteed «Kjual to any quoted hv traveling solicitors. * BLASTINGJ>OWDER DYNAMITE FUSE AND CAPS Wood Choppers* Tools JOHNSOircTARDWARE The movie comment for the week has been prepared by the regular editor's wife, and she has done a right good job. If you are weary of our caustic criticism, the column "should prove interesting. At least, it is a change, and changes are welcome, even in moving picture circles. 1 EE CONQUERORS te another pioneer story. If you like that type of picture'and Ann 'Harding, you liked the show. There are two motifs predominant—inflation and deflation. The plot centers around the Standisb family, invtbe events of our country from 1873 to the present time—in other words, from the period of prosperity after the Civil war to the present period of depression. We see Ann Harding from youth to old age, supported by Richard Dix, Edna May Oliver, and Guy Kibbee. In their live they are able to overcome various obstacles -caused by financial depressions. There is love and tenderness, stark tragedy, and grim despair. The fadeouts in the shifting scenes are cleverly accompanied by dramatic music. The grandson in the final scene strikes a keynote of optimism for .tne future. When his grandfather, the elder Mr. Standish, loses all, his grandson eays, "You've not lost; you have merely been a part of the march of progress. A greater era is yet to come." TW SPITE of the rain and fog last 1 week Tuesday evening tbe writer ventured out to see Three on a Watch, an enjoyable evening's entertainment. Its story is of 3 girls ivho go to school together and meet ten years later, when one to a reformatory (Joan Blondell), one a graduate from an exclusive seminary ' (Ann -Dvorak), and the third a graduate from a college of business ((Bette Davte.) They light their cigarettes from a single match, which is a had omen —three on a match—and one will die within the ye^ar. This proves true suicide eo her life Insurance will enable the 'bank to reopen; but ehe finds out that the eo-called "poteon" she has taken is only a reducing 1 medicine. Young John Warren then brings back the bank's bonds at the critical moment, and all ends happily. Throughout this picture we have a feeling of optimism, even in the most distressing times. This feeling is brought about by Marls iDroessler's personality and the following- convincing bits of philosophy: "People should-take their .money out of then- socks and put their feet into them"; "The stock markets may go down, but the sun comes up every morning." Call Theatre Thursday and Friday, February 9 and 10 "Strange Interlude" For the first time at popular prices. So powerful, so true, so absolutely different. You've read about' it NOW SEE IT. . Saturday only, February 11 f BANK ENVELOPES, ALL SIZES AT THE ADTAKCE sound-film record of adventure in the Alalayan jungle! 1110 KAUVE RKO-RADIO PICTURE trcductd by y** BwtnCerf. With JOE MARCAN'S REVIEW Matinee and evening. No price advance. Sunday and Monday, Feb. 12-13 "No Man of Her Own" With Clark Gable and Carole Lombard. Before he came into her life she was ready to run off with the first traveling man. who didn't wear false teeth and a girdle. NEW—JOE MARCAN'S REVIEW Tuesday and Wednesday, February 14 and 15 " 'Frisco Jenny" With Ruth Chatterton Set her wedding day a month too late. Scrapped the ten Commandments for her own See her in a role that will make your heart stand still Thursday and Friday, February 1« and 17 Central Park With Joan Blondell plct " res crowded in - . own land^ on which we may want to | in rather a melodramatic way. Ann ,„ , ,_ ^ ..... .. .. ' At the borrow money in the future that the Iowa legislature will go slow about any mortgage debtor legislation and stop short of enacting what might turn out to be "A Bill to Prevent Money Being Loaned on Land." "If we now interfere with the right of a creditor to obtain possession of bis security when he loans on land there will be no money loaned on land and buyers wll be less able to buy when they can not borrow. "Let's be careful not to destroy what little market value we have le£t in our- lands in order to help a few debtor's who are in dtetress. Only about S per cent of farm land mort- j LIA.VIE YOU STUDIED the (Febru- gagea were foreclosed last year- and • A •*• ary calendar of the ' Call and many of them were foreclosed by checked the outstanding' pictures consent of the debtors iso our ein- that Manager Harriett Rice is offer- erg ency legislation is needed only by j ins this month? Be sure to see a very few. Burning barns to kill a Strange Interlude, Farewell to - " . Dvorak,- rich girl of the school, becomes the bad girl of the story when she abandons ber husband and takes up with a crook, while Joan Blondell, of reformatory record, reforms and marries the lonely husband (Warren William). The crook steals from ite governess (Bette Davis) the small son of the first marriage. It all ends with the melodramatic though realistic sacrifice of the mother (Ann Dvorak) for' her little ! SATURDAY Mth Call SUNDAY 12th Theatre MONDAY 13th son (Buster Phelps). of the picture are The sequences ! portrayed by means of newspapers with flashing headlines of current evente. few ,-ats IB a careless cure. TN AN •I weeks ADVANCE two Arms, Sign of the Cro*, and Grand Hotel, alljvith popular stars of the others i </uetiU«iiK of fji,. i) U y. ]-Iol*tein Advance—Will it be possible u, renew or make new farm loan* when loan companies realize | they may be forced eventually to accept almost any amount in " full last week-end and again Monday for ship to daring to insinuate that senators are not angels. (But the indignant senators never- mentioned his chief (.•rime. Such spelling! Hut They ,!us< Wliisjie r It, Eh? l-Eirnnewburg; Democrat.] screen. Besides, there are s ago there was incidental worth considering mention of how the oratory of Joe This unusual 'February Frailey, veteran state senator from -•-'•"- " • — Lee county, once kept Irving Institute, men's debating society at the university, from denying mernber- with Marie Dressier and _ _„„ „_„„ m Prosperity" last Thursday and An Associated Press report save the banks continue i that it create higher IX. "Why is bank credit down'.'—By •bank credit we mean deposits. Because people are not .borrowing. This means business men mostly, cowardly to get rid of the Philip- *ind big busiiiefiK jirJiic-ipuHy. rriric*-, but their- retention : ' arid less favor-able terms'.' It's u Pirnzliiig Situation. Iowa Falls Citizen — It m av interest rates i Out here we grow 'ern big, bold, and strong. Of course this may be only a rumor—bui Emmeteburg husbands jar-e sa'id to wear the pants in their households. At least, so 'tils whis- be Why isn't big business borrowing? Because it doesn't need .tlie money. There is little demand fur iuj goods (Everybody who could ha.* for three ' wou ' cl lind rllis country equal to years ibe.en paying bank "loans in- °" r la "' !: ' l ' ut ° r what avail would per-ed about! road i p ATTE!K«OLN r '$ income tax bill rilr-eady paved for- war-. ,Ta7,an is apt | amounts in sum to an actual order ilipriines just like i Io industry to tret out of Iowa. No China. Of couree, manufacturer will remain in a state "' U " Kl "" tlifr 1S lalldin t r members of fraternities, i in life mission ^ °±sr c « --»-<-» ----- Se^ e r ehter Joe is doing today just what ; ing, noisy, witty sympathetic and Brother Dewel found him doing in hit; university days, coming always, courageous woman. the widow, Maggie Warren, with his wealth of oratory and bit- | sh e runs her deceased ing sarcasm, to the aid of the "weak, i'bank till her husband's - •• — son marries His It is sate to say that Joe stands in mother-in-law is Mrs. Praskins the legislature today, with his col- | (Polly Moran), who starts a run-on leagues, as the epitome of that new i the bank Iby demanding her monev crooner's Bong with its phrase which ; T he bank fails and the Warrens are runs, 'When I love you I hate you, I "'educed to poverty. Mrs W»,-,. C n and when I hate you I love you the most.' Men may disagree with Joe on matters of legislation up for decision, and men may resent his cutting eloquence, as many do, but when the battle is over—win or lose | —they have a. tendency to cluster about his desk and forget everything except that he's a good fellow, and 'knows his onions' on public questions, as well as on other things." poverty. Mrs. Warren linally makes a gesture to commit loans instead of making .new loans. The £Ttat banks are full of money, but tan't fiud responsible borrower. Ijs- euiirrtr inore cash just pil fcts up dead money in banks. X. The cut in .bank deposits since IBiil is niosiJ.v a cut in loans. Most •freople. never think of it that -way, tout on tlie books of a ban 1; u Joan 'is Suet as anuc-h a deposit a fc a loan. When you go -10 the bajik and fcorrow, the bank doesn't hand out <tlw money. It enters tiook jis a deposit. war in the Orient inflation Sot the Way Out. Donaldson Review where his enterprise and industry te , __. [sic-] penalized as Patterson would IT^ CHAN C!'E THE SUBJECT, we 0 | penalize them.—Marshalltown T.-R. agree wjUh Editor iPrank Jaqua, Aw. cheer up, Mr. Moscrip. Only ° f .. lhe Humbola t Independent, that— ii per cent on net profits, you know. " A Eoo<3 law proposed in the pres- | Don't you think they'll be able to! erit session of the Iowa legislature ; struggle along with only »7 per cent ! is one re -a-uve to the storage of au- :urrenc-y dn-i *""" "" " h "' flation i !ilcl a ] 0 t of friends, specially I Ilel '"'""^ 3e) '' ? among some "new deal" democats. ! To inflate currency abnormally may j make things appear- prosperous, but we believe deflation and inflation , Kliould occur- normally without le.gis-! eul ' fcs l| b fc Kiwaniuns in bis weekly lauive meddling. In'flation, we are | tl]ul) bulletin for today that the to postpone young women who model goods for We have stood a country merchants are just nice of .pain and can stand u cwtiUn fc'i'-ls trying: w make a living ivho permit no liber-ties. Chris seems to know! —AL.1E3J Aw, Mr-. Moscrip: tos - All - v m '"- r> should be permitted to have a heart for farmers who have 6tore his auto at the first of the to dig up VI per cent for taxes and '?' ear anc1 ]l et"''n it to service by pay- have only 3 per cent left. I ir ' K fc>1 ' what is left of the year when BACK FROM CHICAGO, Chris as- \ ' H ' reato "'-s * to use." T AM LOCAL eale B _agent for the Keming-ion line of typewr-iters. Thei-e are an even dozen styles of which four- are portables. Prices'for brand new portables range from $1».75 to $75.—Gordon Dewel at Advance office. £*******• *EVIEW Saturday with "Bring'Em Back Alive' 1 Frank Buck's Marvel Sound Film from the Malayan Jungle. Road Show Program New for Sunday and Monday NO ADVANCE I Sunday and Monday WITH "No Man of Her Own" WHAT A PICTURE! CAROLE LOMPAIP N

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