Red Lodge daily news combined with Carbon County news. [volume], November 12, 1931, Page PAGE FOUR, Image 4

About Red Lodge daily news combined with Carbon County news. [volume] (Red Lodge, Mont.) 1931-1936

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Carbon County News
Thursday at Red Lodge, Carbon Co., Montana
Published every
OFFICIAL PAPER OF CARBONCOUNTY \TDNT
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<
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4
TELEPHONE NUMBER NINE
Red Lodge Daily News
Established October 13, 1931
O. H. P. SHELLEY, Editor and Owner
E. B. SHELLEY, Manager
MEMBER NATIONAL EDITORIAL ASSOCIATION
MEMBER OF THE ASSOCIATED PRESS
1
4
Published every afternoon of the year except Sunday,
at Red Lodge, Montana.
The Associated Press is exclusively entitled to the use for publi
cation of all news dispatches credited to it or not otherwise credited
in this paper and also the local news published herein.
Subscription per, year by mail, including the Carbon County News on
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Outside Carbon County and in the state of Montana.
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THURSDAY. NOVEMBER 12,1931
INJURING MILLIONS TO PROFIT THOUSANDS
Bv GEORGE B. LOCKWOOD
A correspondent of the Chicago Tribune has been in
terviewing some of the big bankers in New York of the
type commonly called international bankers, that is bank
avIio have been floating in this country large loans to
foreign governments and industries, and in doing so have
done immeasurable damage to the industrial and financial
interests of the United States. This correspondent says
that at this time they are about as popular as the proverb
ial polecat at a Sunday picnic. They are, however, bent
continuing the policy of making foreign financial sta
bility and prosperity the first concern of the American
government.
" Thomas W. Lamont, of J. P. Morgan and Company,
America's biggest private banking firm, says that in view
of the position of the United States as overwhelmingly the
world's greatest creditor nation, it is up to us to put Eu
rope in position to pay her debts to us in goods, by scaling
down our tariff.
ers
< n
Tbis would of course permit foreign
cheap labor production to displace even to a greater ex
teiTt than under the present inadequate protective law, the
output of better paid American labor.
America is not so much of a creditor nation as our in
ternational bankers seem to assume. We bold the obliga
tions of European governments for money loaned them
during the World war, but the value of these obligations,
after sealing them down one-balf, is questionable.
It is probable that American bankers who have taken a
second trust mortgage on Europe in private loans at high
rates of interest, will be able to got the first mortgage can
celled at the expense of the taxpayers of America in order
that these foolishly taken second mortgages may be made
good, or at least better than they are now.
In our dealings with foreign nations the international
account is practically even. During the fiscal year 1929
30 the debit and credit accounts of America with the rest
of the world were approximately even—about ten billion
dollars each way. America makes nothing net out of these
transactions; it is only an even swap. It is as important
that this country should be kept in a position to pay out
this ten billion dollars as that other countries should be
This
even
Most unemployment now existing in the United States
is due to the displacement of American production by for
eign production based on a cheapness which is at the same
time paralyzing consuming power in Europe, and there
„ ,. . 1 , 1 , 1 , ,,
fore presenting insuperable obstacles to recovery on that
continent. America will not help the rest of the world by
destroying the consuming power of its workers through
exposing them to unfair competition with lower foreign
wages and living standards. '
L ' 0 0
pul in position to pay ns their ten billion dollars,
situation does not seem to indicate that we are after all,
overwhelmingly" a creditor nation.
As for sacrificing American wages, standards of living
and employment in order to enable our international bank
ers to collect what they loaned Europe, in the face of the
precarious political and economic conditions prevailing
there, in preference to invsting it at lower rates of inter
st in the United States, there are many who feel that so
there, in preference to investing it at lower rates of inter
ests is uncalled for. It is true that these vast sums can
i i
not be lost without doing harm in the United States, but
it is better that a few Americans should lose money un
wisely investd abroad, than that hundreds of thousands
of Americans should lose their jobs in order that foreign
ers may earn the money to pay off their debts to these
investors.
A Research Colony
In The West
By W. TAYLOR THOM, JR.
Professor of Geology,
Princeton University.
Editors Note:—This
explaining Princeton's part in
the founding of a geological re
search colony near Red Lodge
vas written for the Princeton
Alumni Weekly, by the man
who was the active head o
the expedition that has visited
this region the past two sum
mers.
article
In co-operation with a dozen
universities and several branches
of the federal and s:ate govern
ments, Princeton's Department of
Geology has established a base
camp for geological research work
in the Bighorn-Beartooth-Yellow
stoue region of Montana and Wyo
ming. A cabin colony with accom
modations for faculty members and
their families, graduate students,
undergraduates, and visitors has
been started near Red Lodge,
Mont., and from this central base
field parties have worked during
the last two summers. It is not cer
tain whether the same camp will
be used during 1932, but a perma
nent colony will be established
somewhere in the general vicinity.
As expressed by members of the
Princeton contingent at Red Lodge,
the following line of reasoning led
to the development of the camp:
"In order to do their best as
teachers, faculty members need to
do at least a certain amount of re
search work to keep in touch with
recent developments. Additional
research must also be done by
graduate students for their Ph.D.
theses, and undergraduates need
practical summer work as well as
classroom instruction.
Cooperative Research
"If groups of related researches
can be carried forward simultan
eously, and as parts of a compre
hensive plan, then results will be
multiplied in proportion to cost.
"If geological activities of the
sort described are well planned,
they will, besides advancing science
and training students, lead to a
practical development of the region
studied. This should make it pos
sible to gain partial support for
from non-Univer
undertaking
sity sources as a matter of prac
tical business.
"Work of the University group
can be made to supplement and
support official geological and
mapping programs, and can pro
mote both a popular understanding
and appreciation of geology as a
science, and of the work of the fed
eral and state surveys as agencies
for the public service.''
Still another reason for organ
izing the summer colony was the
desire to provide pleasant and in
expensive summer quatrers for the
families of faculty members. It
would be difficult to find a section
of the country more richly endowed
with phehnomena of geological in
terest, but it is hoped that in ad
dition to the scientists who go to
Red Lodge to work on specific
problems there will be an increas
ing number who turn to the re
search colony merely because they
have nothing else to do at the mo
ment. In this respect the Red
Lodge camp will become to geolo
gists what Woods 'Hole and the Ba
hamas stations have long been to
biologists.
The colony has not been in any
sense a closed corporation for
Princeton geologists only. Faculty
members and their families from
many other institutions—American
and foreign—have been cordially
welcomed at Red Lodge, and it
will be through their continued co
operation that the project will be
furthered.
A number of Princeton alumni,
even those not professionally con
nected with geology, have visited
the camp, and the Department of
Geology hopes that in coming
years the colony will become a sort
of Princeton outpost which will be
of particular interest to all west
tern alumni.
Choose Beartooths
The Bighorn-Beartooth-Yellow
stone Park region of Montana and
Wyoming was chosen as the field
for this work, partly because of
the variety and importance of the
scientific problems presented by its
mountains and plains; partly be
cause of its accessibility and scenic
and recreational attractions; and
partly because of aid offered by
the Northern Pacific railway.
Cooperative understandings with
the Universities of Montana and
Wyoming were reached, and,
through the Montana Bureau of
Mines and Geology, cooperation
with the U. S. Geological Survey
and the War Department was also
arranged. The government agen
cies helped, particularly, in sup
porting airplane photography and
topographic mapping of the region.
In addition to University support,
financial help with the research
Pr° g . ram has been generously pro
hlg^beSs
agencies mentioned and the North
!* n rif aciflc *l v' A T ' I ? use " bu U r ' 02
oî Glean, N. Y.; Irving H. Laron
'13 of Valley, Wyo.; the Cody club
an<1 Biff , Horn Basin Development
fefnSÏÏ SumSÂoÆ Ge
olo &y and Natural Resources; and
participating faculty members and
students who represent a number
of universities and colleges.
Additional financial support for
the program of airplane and topo
graphic mapping in southern Mon
tana, has also been promised by
the Red Lodge Research Commit
tee which was appointed to aid the
University group.
Work was begun on the camp in.
June 1930, when eighteen faculty
members, graduate students, and
undergraduates, set up a base
camp near Red Lodge from which
reconaissance trips were made
throughout the region. Later in the
summer detailed studies were be
gun, and students and foreign
guests of the International Sum
mer School party were guided to
points of exceptional scientific and
educational interest.
Establish 1931 Camp
For the 1.31 reason a log cabin
camp near Red Lodge was leased,
and this served as a central head
quarters for the faculty members
and their families and a base from
which advisors could visit the sub
camps of graduate students (and
their undergraduate assistants)
who were carrying on the detailed
study of local areas for their Ph.D.
theses. Thirty-five faculty mem
bers and students participated in
the 1931 campaign, and the total
colony, including the families of
faculty members, numbered about
sixty. The number was temporarily
increased by visits from the Scott
Fund Expedition; the Transcontin
ental Excursion for Boys, and the
International Summer School of
Geology and Natural Resources.
The faculty group participating
in the work of the Red Lodge ex
pedition in 1930 included Profes
sors Thom, Sampson, and Dorf of
Princeton; Professor Fenneman,
chairman of the Department of
Geology and Geography at the
University of Cincinnati; and Pro
fessor Perry of Williams College.
The visit of the Summer School to
the Yellowstone region also afford
ed opportunities for field confer
ence with Professor Field and
MaeClintock. leaders of the School,
and with Dr. Frank Debenham of
Caius College. Cambridge; Dr. H.
Schneiderhohn of Freiburg; Dr. P.
Rahdohr of Aachen; and Dr. Ota
kar Matousek, of Charles IV Uni
versity at Prague. Dr. C. E. Resser
of the Smithsonian Institution and
Dr. Ruiji Endo of Manchuria, visit
ed Red Lodge in August 1930 and
spent several days in collecting
from the local Cambrian sections.
Dr. W. B. Jewell of Vanderbilt
University brought the Vanderbilt
Geological Summer School party in
for a visit.
Other 1930 visitors included Dr.
Francis A. Thomson, president of
the Montana School of Mines; Dr.
L. B. McMullen, president of the
Easteim Montana Noi-mal School;
Dr. C. E. Dobbin of the U. S. Ge
ological Survey; Dr. G. L. Jepsen
and other members of the Scott
F'und Expedition; and M. M. Good
sill of the Northern Pacific rail
way
lips '87, Richard M. Held, Arthur
F. Buddington, Paul MaeClintock,
and Glenn Jepsen '27 from its fac
ulty; the University of Cincinnati,
Professors Fenneman and jBucher;
the University of Chicago, Prof es
sor Chamberlin; the State of Vir
ginia, Dr. Arthur Bevan; Williams
Notable Geologists Here
In 1931 only American geologists
took part, but even so the basis
of participation was notably broad
ened. Only one of the American
workers in 1930 failed to return
in 1931, and several important ad
ditions were made to the group.
Besides the former participants,
Princeton sent Alexander H. Phil
College, Professor Perry; Texas
Christian University, Dr. Alex
ander.
Visitors included Dr. A. C. Lane,
president of the Geological Society
of America; Dr. J. A. Retty of the
Quebec Geological Survey; Dr. S.
H. Knight, chairman of the Depart
ment of Geology at the University
of Wyoming; Kenneth Condit '13,
of the Princeton Engineering As
sociation; Professor and Mrs. S.
M. Williams of the University of
California; Professor E. C. Case of
the University of Michigan; A. J.
Collier, E. B. Parker, and Mr. and
Mrs. Earl Buckingham of the U.
S. Geological Survey; Lieutenant
and Mrs. Carl Aslakson of the U.
S. Coast and Geodetic Survey; Dr.
Lawrence Whitcomb of Lehigh Un
iversity; Mr. and Mrs. Franklin T.
Miller of M. I. T.; C. J. Hares,
chief geologist of the Ohio DU Co.;
John G. Bartram, division geologist
of the Midwest Refining Co.; G.
F. Moulton, staff geologist of the
Electric Bond & Share Co., and
many of the local community.
Plans for 1932
Faculty activities in 1931 were
to a considerable measure devoted
to the preparation of a geologic
guide book for the Yellowstone
Beartooth-Bigborn region, though
progress was also made on a wide
variety of special studies. The
guide book is to be published by
the U, S. Geological Survey as one
of a series prepared for the six
teenth international geological con
gress, which will be held in this
country in 1933. Nine Ph.D. thesis
carried forward by
studies
graduate students; and field as
sistance was rendered by four oth
er graduate students, five men ol
the Class of '31, three undergradu
ates, and three preparatory school
boys. The graduate students rep
resented ten institutions: Prince
ton, Northwestern, M. I. T., Johns
Hopkins, Haverford College, Stan
ford, Columbia, Washington, the
Colorado School of Mines, and the
were
;
Washington Circus
By DAVID WRIGHT
(Special to Carbon County News)
Washington, Nov. 12—The open
ig of the Seventy-second Con
tre
indications are that there will be
strong Democratic opposition to
the talked-of tinkering with the
income tax rate in the high brack
ets.
only three weeks away, all
That, you will recall, was pro
posed recently by Senator Reed of
Pennsylvania, whose argument was
aimed plainly to make a hit with
the average voter. Reed's further
proposal to levy a confiscatory tax
on estates came as something of a
shock to the conservatives, who are
still insisting that there is an
Ethiopian somewhere in the cane
brakes.
More revenue is needed, but
heaven only knows how it will be
raised without treading on some
body's toes. That is what's troubl
ing the Republicans. In fact, it
is one of the Administration's ma
jor problems which will somehow
have to be met when Congress
Ohio Oil Co.
Operations will be continued in
1932 in leased quarters, probably
in the vicinity of Red Lodge, and
the evolution of the camp and of
the project will be allowed to fol
low a natural course, subject to ad
ministrative control by the Prince
ton Department of Geology, and
scientific guidance by committees
of specialists representative of all
interested institutions and of the
science of geology in general. The
membership of a few of these com
mittees illustrates the breadth of
the co-operation already achieved:
Study of Geography, Land Forms,
and Glacial Geology.
Paul MaeClintock, Princeton.
N. M. Fenneman, University of
Cincinnati.
Arthur Bevan, Virginia Geologi
cal Survey.
Cambrain Stratigraphy and Pal
eontology.
B. P. Howell, Princeton.
C. E. Resser, U. S. National Mu
seum.
Ira Edwards, Milwaukee Museum
Structural Geology
W. T. Thom, Jr., Princeton.
R. T. Chamberlin, University of
Chicago.
C. R. Longwell, Yale University.
W. H. Bucher, University of Cin
cinnati.
Paleobotany
Erling Dorf, Princeton.
R. W. Chaney, Carnegie Institu
tion and University of Cali
forma
David White, U. S. Geological
Survey.
Sedimputation
R. M. Field, Princeton. '
E. M. Kindle, Geological Survey
of Canada.
G. L. Jepsen, Princeton.
Efforts will Ibe made to keep the
camp a place where scientists will
wish to come to exchange ideas or
to carry on co-operative researches
and where the families and friends
of the research men may also come I
for a summer in a pleasant climate!
and among attractive surroundings. '
Princetonians and others interest
ed in this type of educational and
research experiment are cordially
invited to visit the camp during the
coming season—provided the some
what Spartan mode of life which
will be in vogue there holds no ter
rors for them,
T IE up your advertising with the national advertis
ing on the particular lines of merchandise you han
dle. By doing this you are telling the people where to
buy the goods advertised in the national magazines
Many people become sold on nationally advertised goods
which you handle, but they do not know you sell them
unless you tell them in your advertising. Tell them what
radio, auto, furniture, rugs, canned goods flour etc. you
sell.
y 1
CARBON COUNTY NEWS Phone No. 9
convenes in December. Compara
lively speaking there are only a
few millionaires and their opposi
tion will pale into insignificance
compared with the insistent de
mand of Mr. Average Voter that
he is already bearing all the tax
burden he can carry.
The Democrats, it is reasonably
certain, will sidestep any plan that
hits the pockets of the wealthy.
They figure it is good party strat
egy to foster the idea that the
higher-bracket boys will get a bet
ter deal from the Democrats than
they are likely to get from the Re
publicans in view of Mr. Reed's
pronouncement. What is more to
the point, however, is the Demo
cratic argument that the present
financial problem is one for Mr.
Hoover's advisers to solve. Why,
they ask, should the Democrats
be expected to help rescue St. An
drew from the financial bog in
which he and his party are now
floundering ?
If Mr. Hoover has his way, no
thing will be done to disturb the
status quo. The Treasury deficit
has given him some sleepless
nights, politically speaking, but
he is of the opinion that any in
crease in taxes will make matters
worse. He thinks that the budget
can be balanced next July by more
borrowings, which will tide things
over until the election a year
hence. In this he has the support
of Mr. Mellon. But it is plain that
there is as yet no clear-cut plan
of action between the President
and his spokesmen on the hill.
That is, not if Reed and other Ad
ministration leaders are ready to
go forward with their tax plans.
Whatever criticism may be lev
eled against Mr. Hoover, it must
be said in his favor that he dislikes
political horseplay. He has no apti
tude whatsoever for politics as a
rough-and-tumble game, and he has
yet, in that respect, to learn its first
rudiments. He basked for years
in the warm sunlight of popular
ity and the plaudits of the multi
tudes were like sweet music to his
ears. Public life was to him a
pleasant dream-world until he set
himself up as a target to be shot
at; and what puzzles him now, as
I see it, is why that dream-world
should have come tumbling down
around his ears. He faces the re
alities, but he cannot understand
them in their application to pol
itics.
.... . ... . „
Joy the tumult of conflict. He can
not view criticism except as a per
f nal th , rust He has no sens * of
humor, hence no moments of kat
zenjammer to relieve his sorely
distressed spirit.
Now and then he ^ ets hot lmder
the collar» as when his closest po
litical companions in Congress ov
errode his veto of the soldiers'
bonus payment. He wanted to hit
ba ck with a ringing denunciation
bub was dissuaded from doing so
by counsellor's who knew the dam
aging effect any adverse state
ment from him would have on the
party. Such truckling to political
expediency irritates him tremend
ously.
By temperament Mr. Hoover
was not cut out for the Presidency.
Unlike Roosevelt he does not en
In some respects Mr. Hoover's
career as President parallels that
of the amiable Mr. Taft whose ser
vices as pro-consul in the Philip
pines and later as Secretary of
War led many liberals, including
Theodore Roosevelt, to count him
among their ranks. Once out from
under control of the Rough Rider,
however, he gladly forsook the
strenuous life and went over,
boots, breeches, smile and all, to
the conservatives. In like manner
Mr. Hoover, who in his Stanford
days picked up nebulous ideals for
human betterment, seems to be
sinking deeper and deeper into
timid conservatives. Certainly his
recent radio talk to the National
Association of Broadcasters, in
which he complacently accepted
things as they are, was in marked
contrast to his ringing declaration,
when Secretary of Commerce, that
it was inconceivable that the Am
erican people will ever allow radio
to fall exclusively into the power
of any individual, group
bination.
Speaking of the Philippines,
those who know their way about
the political pastures are amused
at the shrill protest of Theodore
the Less that he has no burning
desire to take on the job of ad
ministering our imperial domain
in the Far Pacific.
Porto Rico is too remote from the
source of preferment and lime
light. Inasmuch as he obeyed
ders, tossed his fedora into the
ring beside the Brown Derby and,
soundly
trounced in his absurd contest with
Alfred E. Smith for the governor
ship of New York, it is not likely
that he will resist exile if the
powers insist. The Chore Boy of
the G. O. P., as he was dubbed by
an irrevalent scrieb, is above all
else a good party man.
or com
For him even
or
in consequence, was
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