PAGE FOUR
THE RAYMER ENTERPRISE
»*UBLI>RID K VEX? THURSDai.
1 *. GRAVES Editor and Publisher
SUBSCRIPTION PRICE 31.00 PER YEAR, PAYABLE IN ADVANCE
CatareS as ww.l lies, aatur Jut IS. ISIS at Iks posts*** *t few hmw. Cl*r*de
sad*r dss act •( March S. in
fim aHMw armlsiMil
THURSDAY, SEPTEMBER 27, 1923
NO BOON IN
CHEAP MONEY
Oat thing that hu to be given np
la the Idea that cheap money is aj.
araya good tor bualneii. Karmen
vent cheap money, business men
want cheap money, itock speculators
want cheap money, the U. a. Treasury
•ants to float government loans on
cheap money, socialists, anarchltsts
and old line greenbackeri want very,
very cheap money Everybody teals
that when the money rate la sbovod
up It Is an arbitrary damper on pros
parity
Out we cannot have both a low rate
on money and a stable level ot prices.
We cas have one or the other—oot
both together tor any length of tlrno.
A low rate of money means an la
m dated price level. A stable price
level means a fluctuating rate of dls
count That Is. the public must learn
to look at the price level Instead of
the bank reserves, as their measure
ol expectation for a rise or fall of the
value of money.
Now this fact makes me feel that a
mistake la made If we do not fully ex
plain to the public the power already
exercised by the bank rate and the
federal Reserve Hoard and Reserve
banks Our bankers and economlsta
see the bad use that Is likely to be
mads ol political control if banking
and currency and they try to make the
people believe that so Intricate a quae
lion must be left to experts.
As a matter of fact our present
methods encourage the very thing wo
wish to avoid We let everybody be
Have that low rates oo money are nec
essary for prosperity and then when
bank reserves run low on account of
the effects of this belief, we are sud
denly compelled to lump the rates tc
protect the reserves We cel both s
cycls of prices and a cycle of bank
rates, whereas. If the public under
stood that the rise of bank rates
should not wait until bank ris rve
are low. but the rales should be ad
vanced several mnntha ahead for the
very purpose of preventing a flctltloua
prosperity with Its Inflated price level,
then the public might be asttsfed to
Support the admlulrtrntlve rjgulatlons
which raise the rates at a time when
there aoame to be no need of doing
IL— John R. Commons, University of
Wlsooastn.
Honors for Club Members
The ODDUOI convention. Wisconsin
Bankero Aeeodstlon. presented dlplo
max to Aftacn boys and II v* girls
tttCcnaafully completing four yearn
olub work, the drat time any slat.,
banker! association has taken such
action.
NOTICE FOR PUBLICATION
I Publisher) F
Department of ||u Interior
U. 8. lend Ofllc* at Sterling. Color* l > |
September I*. 1921. el
Nolle* Is hereby given that Edna C. M
«*ld. formerly Edna C. Drummond, of M ‘
»*r. Colorado, who. on May 11, 191 b,
Horn«a tend Entry, Serial No. 022H4C, ■“**
SEh,. Section 9, the Nty SWbi, NW * r ***
Section 9, Townehlp It North, ' * StH.
Wool, Slith Principal Meridian. ** t “" M
hotlc# of intention to make Anal *“•
Proof, lo eatablleh claim to tb 1 ftr *« 7~ r
deacrlbod, before Robert E. * l4 '" 1 * bov *
Steteo Commlaaioner. Denver United
witneaaee to appear before l • and
ed Slates Und OBlee. at ** register. Unlt
on the 7th day of Novel •wllng, Colorado,
Claimant names as w dhr, 1928.
Ed Starks, of Avalo ABrasas:
ler. of Sterling Coli a Colorado, S. S. Kea.
Spurgin, Colorado. mio. Ben I. Mayfield.
Denver, Colorado Marve L, Mayflcld. of
E. 9-27 10-25
a, _ T. CONQUEST, Regia ter.
PEROZON
"Tho ——
waahtnf * rsl modern method for
{ clotbOB." At Orocera.
Campen’s Movie
Will be in Raymer
Friday, Sept. 28th
at the H. S. Auditorium
Evening Picture 8:00
"Discontented Wives”
Comedy Drama in Six Parts
Cmedy-'‘ < Pleue Look Pleuaat”
Ajhui—ion 28 and 11 cts
WAX TAX INCLUDED
fif. ! wt Jt.
RECEPTION FOR TEACHERS
A reception tor the teachers was
given at the school auditorium Moa
day evening. A ahort program was
given conaistlng of a welcome to the
teachers by Mr. E. F. Tlghe, respond
ed by Mlbb Mackey and Mr. Kelly,
followed by several musical select
ions
Alter the grogram, the time was
devoted to getting acquainted while
cookies were Berved and a refreshing
beverage accompanied It.
The attendance was not ae large
as It would have been at a leas busy
season, we are eure the te schers will
understand that It was not from the
lack of Interest In their work.
PUBLIC SALE
The undersigned will toll at pub
lic auction, on his farm IK miles
aouth and 2 miles eaat of Raymer,
commencing at 10:00 a. m. on
Monday, October 8th, 1923
The following <Veacrlbed properly:
Farm Machinery
Iron Wheel Wagon; Peoila Wheat
Drill; Emerson Cano Drill; 3-Sectlon
Harrow; McCormick Mowjer; Mc-
Cormick Hay Rake; 1-H o?e Corn
Sheller; Hearing Corn Hinder; 7-
Koot Osborn Disc; John See re Disc
Plow; 28-Inch Iliac 6Bo*tom Saun
ders Tractor Plow; m Horae Falr
hanks-Morse pump engine; John
Deere Cultivator; John, Deere Corn
Planter; New Dale C»rn Planter;
Heavy Ret of Work Hi irneaa.
93 Pare Bred J lags 93
3 Young Sows, to f arrow soon; H
head of Rhoata, wt ab oat 1801b each;
11 Rhoata, wt about; 1001b each;
7 llrood Hows; 2 P are bred Cheater
White Hoars, elig ||,le to register;
I How with 7 pigs:, gi young ahoata,
from 40 to SOlb each.
® Mi' ach Oowi 6
Hlg Red Cow, % yrs; Red. Cow, 6
yra; Red Cow, 7 , yrs; Spotted Cow, 6
yrs, to be soon; Roan Cow, 3
years old.
6 H' jad of Horses 8
Sorrel Mr g yrs, W( 1200; Sor
rel Horse, g yra wt 13 00; Black
Gelding, r i yrs wl 14B o ; Bay Mare,
smooth mouth, wt 1300; Mule, 4
yrs; Irt Q ra y c 0 n, g months.
Poultry
So no Black Lang Bhang Chickens
‘ s ante Household goods, Including
11 * aost new Milwaukee Cream Sepa
r ator; High chair and 714 other ar
ticles. too numerous to mention.
J A Free Hot Lunch at Noon; bring
Cups and Spoon. Chr.stian Work
ers will Serve Pie.
I! TEBMS: CASH.
» Geo. W. Payne, Owner
• i Dennis A Madsen, Auctioneers.
*1 E. F. Tlghe, Clerk
/ Good baking and Ireah J
J mrat help to make you j!
$ comfortable and content- J
£ ed with your lot in life. *
\ \
\ t Chris Sclmiztr \
THE RAYMER EETERFRgR, SEPTEMBER 27, 1923
WORLD'S GREATEST
BANKING SYSTEM
By CRAIG a HAZLEWOOO
President Association of Roosrvc City
■ankers
Conceived ta the aplrlt of eommoo
good, for the boat Interest! of govern
attat, banka and public alike, baud
on broad and cor
rect principles re
la ting to the oa
Don's csrrsnci
and credit, the
Federal Reserve
Bya to m repre
sents the greatest
piece of economic
legislation enact
ed by an Ameri
can Congreaa.
The System's
C. a Hex!(wood
record ot achioremenl through a
world war, an inflation period of dlxxy
heights, and months ot serious and
costly liquidation. It it a matter of
greatest Importance that very earnest
and patriotic thourbt be given to the
two questions: How far has the eye
tern eucceeded, and Id what parttcu
lars baa II failed, to give our country
as strong and at useful s financial
system ae human mind can devise?
Th# hope and expectation of those
who framed the Federal Reserve Acl
that tha machinery xet-up for the
origination, distribution and automatic
retirement of currency Isxue. which
should bo entirely responsive to the
naeda ot trade and the varying
conditions of bualneaa, have been won
darfully wall realised. Every possible
effort must bo exerted to preserve the
Federal Reserve System from political
alliance and to keep Its powerful In
fluence entirely devoted to the build
Ing up of the greatest banking lyalem
In the world.
The ftret bank of the United Stales
was established In 1711 and failed to
obtain a renewal ot Its charter In 1811,
tha opponents charging that the bank
was a ‘‘money trust" controlled by
foreigners, a tool In tha handt of the
Federalists, and that the sot charter
Ing tha bank was unconstitutional.
Note tha ose of the words "money
trust.” We have the Idea that this la
a modern term. Tbs suspicions which
animats the demagogue today have
not changed In a century.
The second bank of the United
Btatei was chartered In 181 t and
tailed to obtain a renewal of Its char
tar In 1881, the reasons being a wide
•pread belief that the bank was uncon
stl'i tlonal, the hostility of the states,
the opposition of the state banka, the
rise of democracy, and the envy and
hatred which thw poor always feel to
ward tha rich.
Both banks functioned well end sc
compllshed much for the country dur
Ing crucial tlmea. The downfall ol
both wei caused simply and solely b*
attempts to place the determination
of banking policies In the hande ot
political authorities.
The delicate handling of currency
and credit, to the high end thst the
boat Interests of all may be served
with special privilege to none, cannot
bo left to others than those who are
competent through proven Judgment j
and experience. The dtnger of poll j
ties In the Federal Reaerre System Is j
a real one; upon ua ta placed the
grave responsibility of forever keeping |
the great system clean.
MAKING CAPITALISTS
OUT OF WORKMEN
Festus J. Wade Says Anarchy
Disappears Witt) the De
velopment of Thrift.
When the oavlngs pass-book cornea
Into a man’s life to stay the red flag
goes ont. What the country ni-eda la
to bring about a condition whereby
the man who works with hie bands
shall take the same Interest In his af
fairs as the capitalist iloex In his
Probably the best way to do this
would bo to turn tho workman Into a
capitalist And thin Is exactly what
he becomes when he laves his mnney
and builds ui a reserve fund. He re
mains a capitalist ai long ax he holds
on to that money. The eatisfactlon
of eeelni bis money reserve mount
np will dlecourage the waster to laku
a layoff now and then. It will encour
age him to work o fall six day week
and thereby Increase the labor hours
applied to production.
Tho American people can solve any
problem they tet themselves to We
provided tor e eound currency when
the greenbackere and Inflation sc
war* ranted and tho gold basis eatib
Ushtd. The Federal Reserve Ban!
was established and nolvcd n problem
for which most people thought ther,
woo no oolutlon. A number of yoare
ago. when there was a crisis or when
a bank tailed, wo all nsed to shut up
our vaults tight and Ist nothing gat
oot Instead of bettering conditions
wo mode them worse Now ll failure!
occur few people, except those direct
ly Interested, are disturbed.
Perhaps the most Important prablen
of all right now I* to do away with
labor waste, it never eon be done by
proaoblng, by agltatlaa or by (ores It
Ota bo done by foiling tho workman
on th* dea ol becoming n onpitalltL
This ana b* brought about by the right
bind of bank advertising Who la
thare to tay that aa advertising dol
lar bringing about this result would
not b* * oonstniotiv* dollarT-frem
fvn» .... w
GIFTS THAT LAST
BUY IT FROM
PRICE
The Jeweler
FORT MOROAH, COLORADO
WHY 00 ELSEWHERE T”
MAYFIELD & CO,
HARNESS SHOE AND POULTRY
We have now on band a full
supply of the
INTERNATIONAL GOODS
Alio
WALKO, F&mont Remedy (or
White Diarrhea, Cholera, and
Ronp.
We alto have Baby Ohio Feed,
Oyster Shell and Shell Food.
We pay the highest Cash Price
(or Poultry and Eggs.
We cany a full Line of Har
ness Repairs, Etc.
NATIONAL REMEDIES
We carry a (nil Line of these
Remedies, the best on earth to
prevent disease. “A stitch in
time saves nine.”
Want Ads
WELL DRILLING;—It you waul a
well drilled see B A Holden, o,
FOR SALE: —Ford Coupe, used 3
mouths. Inquire at Drug store.
I’OR RENT:—AII of the farms of
the S. L. Collins Investment Com
pany. Bee A. F. Galloway at Ft.
Morgan or the State Bank ot Ray
mer.
Will trade Ford Touring car and
team of horses tor Ford truck.
Louts Nelson, Spurgin, Colo.
FARM FOR RENT:—HaIf section
good land mid-way between Ray
mer and Buckingham, 260 acres
under plow, about 70 acres avail
able for winter wheat, convenient
to town and school. Enquire At
Enterprise Office and find where
to meet owner,
FOR SALE:—Two Poland China
Boar pigs, eligible to register. In
quire at The Enterprise. 21-tf
STRAY HOGS:—I have taken up a
bunch of hogs. The owner may
have the same by calling and pay
ing for trouble and damage done.
C. J. Clausen, on Mrs. E C Prouse
farm southwest ot Raymer. 21-
FOR SALE: —One Hapgood one home
grain drill, or will trade for good
calf. W. J. Johnston. 21-tf
WANTED:—A man with car to sell
Fuller Brushes. Exclusive terri
tory. H R Leman, Fort Morgan,
Colo., 426 Lake St. Phone 348 W.
FOR SALE:—I6O acre epulpped farm
bargain. Everything goes. Land,
Stock, Crops, Machinery tor flflOO.
3 homes, 4 good milk cowa, 38
acre* Corn, Cane and Millet.
B. A Stout Farm Agency,
Weldons, Colo.
OERICKSEII & NQRBERG
AMUSEMENT HALL
Dealer in
Cigars, Tobaoo,
Soft Drinks and
Oandies. . .
WEDNESDAY AFTERNOON
I.ADIEB’ DAY.
Qfaiumment
The new Ford care are now ready far your
InepnrtinTii introducing change* that improve
the appearance of the various body types and
In n nsec their comfort and utility.
They oiler you not only economical and depend
able transportation, but also a more attractive
style and a greater share oi motoring convenience
—a combination that make* the outstanding '
yxjue cl Ford care more impremive than ever,
S See the new Ford model* now on display in
• our showroom.
n*t* emi cm he otuintd ihn isgi
lie Ford EVdUy Purektit PUu.
KELLEY MOTOR CO.
K«w Rajriaer, Colo.
CARS • TRUCKS * TRACTORS
1 J
'A J
WVsss
***** ITV*} c^ u * c ** « «•»»* when
young Upods of French and Spanish regime blithely
gunbled away then last penny at MasperoV
Mr. Jacbon does ins bit toward bdnghw die
mance back to popularity. His theme is ooe to inspire a writer:
and he leaves nothing to be denied in die rendethg ©fit
As already proven in bin ember novels, be has steeped him.
Jagftennw the life of the young Republic of the West, and
die stones of whose deeds have a blood-starting appeal which
tame but makes the stronger.
Thu Charming Romance Witt Be Printed Serially m
The Raymer Enterprise