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Image provided by: Minnesota Historical Society; Saint Paul, MN
Newspaper Page Text
^ikWA^W'M&M'imMwmmittmw 'M 14* LU, 1 ts 'i to'ja **c tMf* 'if, 223 PERCENT Purchasing Power of Dollar Now as Compared With 1913 EXPANSION OF CREDIT CAUSE f- ix Man With Income of $2,000 I* Actual* _ly Drawing $870 Upon Baele off _, Dollar Value In 11*--Gold Mines Cloving. Washington.The man with an in come of $24)00 is now actually draw* tag $870, upon the basis of dollar val ne in 1913, according to a statement to congress by Harold N. Lawrle, economist for the American mining congress. The purchasing value of the ounce of gold, which under stat ute cannot bring more than $20.07, has, Mr. Lawrle claims, shrunken through Inflation of currency until It Is no .longer possible for gold to be profitably produced. Lower* Purchasing Power. The expansion of the national credit has lowered the purchasing power'of dollar through increasing all com modity prices. Based upon the pre war prices of 1913, these prices grad ually advanced from 100 per cent In 1108 to 223 in October, 1919. Bach In crease In credits has been absorbed fcy a corresponding Increase In com modity prices and has. resulted in. placing the nation upon an artificial plane of living. The gold producer finds the purchasing power of .his ounce of gold, is now $9 instead of $20.67.''"' Gold mines of the United States are being closed down at an alarming rate. Many of these can never be re opened owing to the prohibitive costs of numbering and unwatering. Cripple Greek, the greatest Ameri can gold camp, Is taking on the ap pearance of a city of dead hopes. Whole cities are being deserted and thousands of skilled miners are being forced to seek new camps because goldthe basic monetary metal of the United Statescannot longer be pro duced at a profit. Jewelers Make Millions. The manufacturers of the United States used $21,848,800 more gold last year than was produced In the United States. The gold producer lost mil lions during the year. The manufac turing jeweler made millions because, while his goods mounted in values, he secured the gold at coinage price of $20.67 per ounce, less than* the cost of production. Seventy-flve years ago the world produced but $30,000,000 in gold per year. In 1915 the world pro duced $469,000,000. The gold" stock of the United States suffered a loss in 1919 of $292,798,000 by the excess gold exports over im ports. The government has allowed vast shipments of gold for export. Meanwhile the production of the Amer ican mines has fallen from $101,000,- 000 in 1915 to $58,500,000 in 1919, a loss of 42 per cent. At the beginning of the war, Eng land arranged protection for all of the gold produced by British mines. This protection Is still maintained dhd the gold reserves of England are be ing increased by imports from the ttaited States, and their own heavy production of new gold. mmmm 45 Tons of Sardines Caught in One Haul Monterey, Cal.batching 45 tons of sardines in a single haul, but forced to throw back into the water all but five tons "on account of shortage/' is the ex perience of sardine fishermen of Monterey bay. according to a writer, who describes a trip taken with a party of fisher men. "If we could sell all the fish we catch we would soon all be rich." the captain is quoted as saying. The boat made Its catch in about two hours and the writer remarked: "It is hard to be lieve that such quantities of food He right at .our door, and only a small part of It utilized." HORSE HAS A CLOVEN FOOT Thought That Its Two Toes Show a Reversion to Prehistoric Ancestors. London.A bay horse with a cloven foot Is exciting much interest at the World's fair here. The horse is* the offspring of a shire stallion and a Welsh mare, and It is suggested that his two toes indicate a reversion to his prehistoric ances tors. Prehistoric horses had three or more toes on each foot One of the earliest members of the horse family, Phe nacodus, is said to have had five toes on each foot. "Mark Him Duty." Wealthy Parent-Oh, doctor, I have such a bad cold. I can't go to the office this morning. Can't you do something' for It? Ex-Army Medico (Just out)Get out of here I Don't you see I'm busy? There) Isn't anything the matter with you, you gold brick.The Home Sector. 4OTjB35i)siwnwwirr-' Alif 3L'i' tee & LATER VARIATIONS He-Sentimental people used to study'the language of flowers. SheTea, but you can't blame us, under the circumstances If we study the language of cabbages and toma toes. Dividing Line. It's hard, as men their efforts bend To Join the crowd that wins, To tell where statesmanship must eat And politics begins. Eating or Sleeping. JS. man Is often like a horse, We've heard some people say But surely both are happy when It's time to hit the hay. IF YOU WANT TO GET THE WANT YOUWANf TO GET YOU WANT TO GET IT IN THE GREAT WANT GETTER, THE BEMIDJI PIONEER Bring us your oleaa eot ton raft-no buttons, bands or woolen cloth accepted. Pioneer Office 4 I A. K0LBE GROCERIES The Best That Money Can Buy Corner Eleventh and Doud Phone 657 .siOJ Mli iff Loyal Order of MOOSE, NO. 1452, Meets first A third Tues. each month Cor. Minnesota Ave. and Third St. a P.M. Visiting brothers especially invited C. B. Hoyt, Secy. Phone 701W NEXT MEETING INSTALLATION OF OFFICERS For Quick and Expert Shoe Repair Work Bring or Send Your Shoes to DICK'S SHOE REPAIR SHOP 511 Beltrami Ave. Bemidji THE BEMIDJI DAILY PIONEER ADMIRAL PfftRY IS BURIED =WITH FULL HONORS Simple services marked the Obsequies of Itear Admiral Robert E. Peary, discoverer of the North pole, Whose funeral was held In Washington. The casket draped in the colors and bearing the small United. States flag that Admiral Peary raised at the North pole, together with his sword, belt and epaulettes, was borne from the. house by eight enlisted.men of the navy, placed on a gun carriage and taken to Arlington ^National cemetery. Three 'troops of cavalry and a battery of field artillery with massed military bauds jfcomprised the escort. -EAT- Third Street Cafe Our Waiters Do the Waiting rPHE volume of r. our experience and the thorough- ness of our equip ment safeguard 'those who call for onr services. We 'serve them with tac^Jin^PO^efyf EIBERTS0N |FUrtEJ-lAL DIRECTOR lUNOERTAKING GOODS IPHDNf 317 Vi i\T BEMIDJI 4- Bemidji Lodge No. 119, I. O.O. F., Beltrami Ave. and 4th St, meete every Friday evening* at 8 o'clock. THIS WEEK INITIATION C. J. Winter, N. G*, TeL 362J R. A. Hannah. Rec. Sec, Tel 719W A. Brose TOBACCONIST 400 Minnesota Avenue Keeps the best stock of Tobacco in thf Northwest, also Pipes. We do Pipe Re pairing. w-. ARE YOU IN NEED OF Tag* Cards Blanks' Folders Dodgers Receqrts Envelopes Statements Bill Heads Invitations Packet Heads Letter Heads Call at Pioneer Office Phones 922 and 923 GOOD WORK IS OUR SPECIALTY Remodeling If you are planning to remodel your HOME or STORE consult us we specialize in this class of work. We make office and store fixtures, and cabinets of all kinds, repairs, floor laying, jobbing and general repairing. No job .too large none too small 4jo receive our.bes ^j|ttention. KRAMER BROTHERS 706 Fourteenth St. Phone 444 Bemidji Consult ys*i {'-h JOHNOSBORN For relief for the after af fects of the flu, and bther ailments. VAPOfe BATHS Have proved to be a great benefit to many people. Shower and tub baths as well Barber shop in con nection. 212 Minnesota Avenue tWhile the SalesmanWaiUi We can furnish you the kind ol printed sales lettersand circular* on HAMMERMILL BOND thai will get s'ourmessagein therighl way to the man who can buy your goods. Use more printed salesmanship. Pioneer Publishing Co. BEMIDJI, MINN. KliVK: i^ii^ia^^^4JH^^ $ my& ^.'^'A-.WRIGLEV'S Sealed Tlflht J^lfftSlr^'i^5n5.w MONDAY EVENING MARtH 15, 19! UAAMMWAVWtnftWVWt^WWtWWWMAMVWWAVWWk Bring me your potatoes now while the prices are high. We are equipped tb^buy from a small lot to a car lot. ILocated oh Minnesota Avenue, next building to Nangle Store. Come in and see us while you.are in town. -J^-^^:^ The largest electric sUn in the world advertises on Times Square. New York feet high. Made UP of 17.286 This si*n is seen nlahtty by about 500.000 people from all over the world. "i aiu:- fi{tiy.:iff.t:o:ii, r^iWHICI FY'S Zi^^i'll!^ fjUICY FRUITlilH il,illi:|.i|lilnllilll|.llinini' iOHNS Youre on a Better Road! TbdSb. sive moneyhy sb^ing' coflfee l&uMay sava HeaK hand nerve efHciency- There just ofle simple step to take fw h}JY & titi of Costs less ihan coffee Has a ricK satisfying flavor Ready tastantly in the cup Made by Postum Cereal Co. Battle Creek., Micli. t,'^.:^-^:r, '.'*r- .*.v. a fy.v, POTATO C^CWEk^EXC A zrf:' ,j'-: :.\B -\T3 \11'./,^, The fountains Play, the trade mark changes, read ing alternately WRIGLEY'S SPEARMINT. DOUBLEMINT. and JUiCY FRUIT, and the Spearmen "do a turn.** Kept Riant r*\ \^jL^v^^Bwii?Mfj^iy lO- .-=Sr^"~ yi't-o Read The Pioneer Want Ad 1 Silt/^^^-^f^^A^^As^^,