The northwestern bulletin-appeal. [volume], February 09, 1924, Image 4

About The northwestern bulletin-appeal. [volume] (St. Paul, Minn. ;) 1924-1925

Image provided by: Minnesota Historical Society; Saint Paul, MN

                
THE BASELESS FEAR
OF FINANCE’S POWER
By WALTER W. HEAD
President Amertoan Banker* A***-
elation.
We apeak of “coal"; Immediately
we visualise a pile of black lumps. We
speak of “wheat"; In our mind we pic
ture a (olden field
of grain or perhaps
the farmer's load en
r £ route to market.
HI oc Finance Is not a
*’ ■ oommodlty. Being an
If* 7 Intangible thing, It
' 1* greatly mlaunder
stood. It means one
thing to some peo
|HJ|| pie, another to oth
era
WalterW.Head By reason of this
mystery surrounding
M. It Is too frequently feared, and
financiers assailed as enemies of the
public good, using their power selfish
ly to advance their own purposes.
No nation or people ever achieved
greatness -without the assistance of
finance, —accumulated capital, man
aged and directed by those skilled In
Che handling of wealth and money. Ac
cumulated resources are represented
at times by hoards of gold, but more
frequently by ships, herds, and other
productive agencies.
America measures her resources In
Cams of billions of dollars. She has
thousands of prosperous homes, myri
ads of well developed villages and
towns, thousands of miles of railroads
and paved roads. This has been pos
sible through the Investment end uee
of capital or wealth oreated and ac
cumulated by the cttisens.
When the early pioneers first trav
eled over the prairies, which are now
rich and productive Adds, their re
sources consisted only of a productive
soil, a healthful climate, and the sun
shine and rain neoeesary to the growth
of vegetation.
As the early settlers wrought and
produced and prospered, they saved.
These savings they Invested In the
tools of production plows, harrows,
Linders, stores, railroads, banks and
manufacturing enterprises. THOSE
BA VINOS “FINANCED” PROGRESS.
The building of the railroads was the
great outstanding contribution of
finance to the development of the West
The West owes a debt of gratitude to
tha investors In eastern states who
ventured to Invest their money In vir
gin territory, making possible develop
ment by the nse of their accumulated
resources.
Bank deposits represent very large
ly the savings of the people. The loans
they make possible are employed In
productive enterprises. The develop
ment of the agricultural communities
depends very largely upon the credits
aztended by Investors in other com
mnnitles. The development of munic
ipalities Is possible very largely
through the sale of municipal bonds to
Investors In other places All this la
the work of finance.
WAGES HERE AND
ABROAD
•T’HB American factory worker Is
* receiving wages the purchas
ing power of which Is above the
wages paid In any other country of
the world. The British Ministry of
Labor has made a computation of
the amount of food which the
wages of workers In different cities
of the world will purchase. In
the following table the purchasing
power of wages In London Is taken
as 100, and the purchasing power
of wages In other cities Is shown
as percentages of this figure. The
table Indicates that the worker In
New York can buy more than
twice as much food with his wages
than can the worker In London,
while the worker In Berlin or
Vienna can buy only a little more
than half as much with his dally
wage as the worker In London,
or only one-fourth as much as the
worker In New York.
New York 217
Ottawa 180
Amsterdam 108
London 100
Christiania 02
Stockholm 87
Warsaw 85
Brussels 70
Paris 88
Prague 87
Madrid 81
Berlin 57
Vienna 55
An Important factor In the dif
ferences between the rewards of
workers Is that the productivity of
the American worker has been
greatly Increased through the use
of large lnvestmenta of capital for
machinery.—Journal of the Ameri
can Bankers Association.
I,* l g'l
hi
WHAT AGRICULTURE NEEDS
▲ recent summary of the agrtcal
tnral situation grouped the needs as
follows:
L Increased and balanced produo
tit* ,
2. Increased understanding of cred
it facilities
I. Increased market faculties
4. Better business methods
The Agricultural Colleges are work
Ins out production problems, the banks
the credit problems and co-operative
associations appear to be greatly im
pjjbvtng marketing faculties and bust
■Sea.methods.
GREATEST BOOK VERY BRIEF
New Testament Has Been the Inspira
tion af Bublima Matter,
pieces.
Jesus Is as suprama la literary art
as Ha la in ethics. Tha short stories
, from His Upa In tha Gospels are su
perior to anything written by Guy de
Maupassant, Cbekoy, Poe, Bret Harte,
Rudysrd Kipling, Nathaniel Haw
thorns or O. Henry. The narrative
style of the four evangelists has the
dignity of simplicity; the letters of
Paul, Jamas and John are better Illus
trations of epistolary skill than any
thing to be found In Horace Walpole.
Thomas Gray or William Cowper.
Mystical beauty In language has never
reached such sn altitude as In the
fourth Gospel and In the Revelation,
says William Lyon Phelps.
In addition to balng Itself the pin
nacle of literature, the New Testa
ment has been tha inspiration, of sub
lime masterpieces In other forms of
art—ln architecture, paintings, music.
One has only to think of the medieval
Gothic cathedrals, the paintings of
Raphael, Leonardo, Andrea del Sarto,
Michelangelo, Correggio, Murillo,
tha music of Handel’s “Messiah” and
of Wagner’s “Parsifal." Out of that
slender book flowed a creative Im
pulse. the effect of which can hardly
be exaggerated.
The complete aaylnga of Jesus can
be read In three hoars; bnt It will
take more than 8,000 years to record
the results of His few words. That Is
what 1a meant by the last verse of the
last chapter of the Gospel, according
to John: "And there are also many
other things which Jeans did, the
which. If they should be written every
onet I suppose that even the world It
self could not contain the books that
should be written.”—Ladlee’ Home
Journal.
PAINT ACTS AS DETECTOR
Designed to Warn Mechanicians When
Engine Parts Bacoma
Overheated.
Designed to warn mechanicians when
engine parts are overheated, there Is a
new paint, which torn* from Its light
rad color to a deep brown at 70 de
grees CL, and to almost black at 85
degrees. When the overheated part Is
cooled, the paint tarns back to Its
normal color. The changing color at
tracts the attention of those about and
banes gives the opportunity of apply
ing a little oil at tha critical moment
Tha machine itself can be thus
saved from complete destruction and
all danger of Area from overheated
machinery eliminated. The chemical
properties of another paint acalorln,
atop the heat rays of the sun, so that
when applied to roofs, the rooms below
are kept from 15 to 35 degrees cooler.
It la a light blue and can be applied
to windows where the sun beats down
and causes extreme beat without ap
preciably diminishing the light It la
especially adaptable to corrugated Iron
roofs, which often make the Interior of
a factory or storehouse an unbearable
oven In the summer. Even applied to
factory walls, It reduces the tempera
ture of the Interior. It will go far In
reducing the temperature of the attic
rooms of tha summer cottage which are
usually uninhabitable:
The Great Manner of Poets.
At the end of the Vita Nuova Dante
announced his hope to write of Bea
trice such things as had never been
written of any woman. Not to write
a new kind of book, for women bad
been praised before, as be Implied, and
there had been poems of vision and
pilgrimages through heU; but his hope
was to exceL He determined to speak
no more of his blessed lady until he
could praise her worthily, and to
praise such a woman worthily would
be to write such things as had been
written of no other. In the same moqd
Milton promised bis great epic—in
passionate love of the best before him,
and In the assurance of doing as well
or better —“I began thus to assent
both to them and divers of my friends
here at borne, and not less to an In
ward prompting, which now grew
dally upon me, that my labor and In
tense study, which I take to be my
portion In this life, joined with the
strong propensity of nature, I might
leave something so written to after
times as they should not wUUngly let
It die.” This Is the great manner of
the poets.—John Brskine.
Spoiled It AIL
In the midst of a group of girls
Bluebells was reading from a movie
magazine.
"It la rumored," she read, "that Har
old Perfecto, the eminent director, will
shortly lead to the altar Angelina An
gelfaee, the popular star. This culmi
nates a tender romance—”
"Bow utterly lovely 1" gushed the
girls.
"As soon as Perfecto’e divorce de
cree Is handed down—'*
"Aw, cut It out"
Filling the Vacancy.
"Tobe, I’m sorry to hear your wife
got a divorce."
Tobe —Yessum, she dene gone back
to Alabama.
Lady—Who will do my washing
nowT
Tobe—WeU, mum, Tse co’tin' again,
and I co’ts rapid.—Cincinnati Western
Christian Advocate.
Dumbolll
Medical Professor (after lecture) —
Any questions?
Studs—Say, professor, what are'the
cockles of the heart? Hanged If I can
And anything In the medical books
about them.—Beat an Transcript.
LOST MINE NOW
HELD BY DATS
Rich Ore Deposits in Mexico,
Owned by Spanish Friars,
Made Impregnable.
Washington.—A sudden Interest In
burled treasure In Mexico probably is
only s variant of the passion for lost
mines that continually grips certain
optimists of the southern republic,
•specially on the west coast, according
to a bulletin from the headquarters of
the National Geographic society.
"Everyone on the coast seems to
have at least one lost mine,” says
Herbert Corey In a communication to
the society on which the bulletin la
based. "Some rest on tradition only,
while others have a sure documentary
foundation.
Entrance Concealed by Friars.
"There la the tale of the mine near
Artspe, for Instance, the entrance to
which was concealed by the Spanish
friars Just before they were wiped
out by a reversion of x their converts to
ancient form.
“A century or so later a searcher In
the monastic archives In Madrid found
the story. By this time the very ex
istence of the old mine had been for
gotten. *One can see the opening of
the tunnel from the door of the
church,’ the priestly writing ran.
"Scores of prospectors took sights
from the doorway without success.
Then a bit of planter fell away from
an old wall and revealed a forgotten
door, bricked up and covered over.
“The one old-timer who remem
bered the legend brought out his glass
and searched the hills. Sure enough,
far up on the side of s canyon he saw
something which seemed worth Investi
gating. It was the gateway to the lost
mine.
A “Buro-Fire” Friars’ Mine.
“Not long ago an American got the
papers to one of the veritable, sure
fire friars’ mines.
“A friar mine Is one that was
worked by the priest-conquerors In the
fine days of old. They could pick and
choose in those days, and they were
good pickers and choosers. No one
has ever heard of a salted mine being
worked off on a friar. The very best
mines In Mexico today are those that
were opened by the sturdy old church
men.
“So when the American found his
mine he looked on himself as a made
man.
" T only have to ufowater It.’ he said,
licking his lips.
"Then the hard luck of the west
coast began to operate. Someone must
have broken a series of mirrors on the
west coast. Things can happen there
that could not possibly happen any
where else.
Bat Guano Found in Caves.
“On the west coast are bats—mil
lions, billions, numerical Incredibilities
of bats—which live In caves. One of
the Important industries of the coast
Is the gathering of bat guano from
these dark holes. One sees the burro
trains come In, day In and day out, the
little animals pattering reflectively un
der the feather-bed-sized sacks of the
fertilizer.
"Some of the caves contain enofigh
guano to load an entire freight train.
Such a cave must contain the accumu
lation of centuries.
"Well —and here la the hard luck—
the bata had succeeded to the friar,
his heirs and assigns, In the possession
of that mine. For almost two centuries
they bad lived In It, until all the lower
reaches were filled with guano.
"Then the water came In and a
light odorous quick-silvery mud was
produced. It was too thick to be
pumped and the water ran In too rapid
ly to permit the unwaterlng and un
guanoing of the mine by buckets.
“So there you are. A perfectly good
mine, so far. as any one knows, has
been made Impregnable by the most
harmles creature on the footstool."
English Coin Brings
$l,lOO at Auction Sale
London. —One of the most valuable
of English coins was sold at auction
recently for $l,lOO.
The specimen was one of the 15
“Petition" crowns, or 5-shllllng pieces.
Issued In the reign of Charles 11. At
that time a Dutchman was appointed
engraver for a new coinage much to
the dismay of Thomas Simon, coin de
signer of the day. He therefore made
an effort to regain his appointment by
producing his “Petition” crown, around
which he engraved an appeal to the
king asking him to compare his work
with that of the Dutchman.
Sisters Separated
47 Years Meet Again
Corsicana, Tex.—Mrs. S. E.
Huggins, who lives In Kerens,
this county, and her sister. Mrs.
Maggie Dußose, met here re
cently for the first time In 47
years. The sisters were reared
in South Carolina and Mrs.
Huggins came to Texas 47 years
ago. The sisters corresponded
for some time, but finally a let
ter or two from each to the oth
er went unanswered, and each
sister Jiad thought the other
dead*for many years. Recently
Mrs. Dußose moved from Mouth
Carolina to Texas, and soon
after reaching there accidentally
heard of her sister giving here,
and the reunion followed.
THE NORTHWESTERN BULLETIN-APPEAL
Timely Topics
A MAN OF THE SOIL
Uncle Ted's Bed-Time Stories
It was a cold, crisp, sunsblny win
ter day. The ground was frosen solid
and the thermometer had registered
way below sero for several days. One
day It was sq cold and everything
was so frozen up that neither Jack
nor Ruth could go to school. But
this was a Saturday afternoon and it
was warm enough, with plenty of
blankets and a charcoal footwarmer
to go sleighing.
Uncle Ted had gladdened the
hearts of his two chums that morning
by announcing a sleigh ride and now
at last they were on their way, the
sleigh bouncing and skipping over
the rough spots and the beautiful
horses snorting aa they, too, seemed
to enjoy this little lark.
•‘What an awful place to live,” Baid
Jack as they passed a little country
home, out in the open where the
bleak wind howled about its four cor
ners. “Must be funny people to live
in a place like that.”
“Perhaps it strikes you funny,
Jack,” said Uncle Ted, “but it may
be that the boy living In that little
modest home will be a greater man
than you some day. When we get
home and you kiddies are ready for
bed tonight. I’m going to tell you
about a boy whose life is brought to
my mind by that little house.”
And so it wasn’t so very long be
fore bed-time and as the three chums
gathered about a big, open fire, Un
cle Ted said:
“Jack, when you spoke of that lit
tle country house this morning I was
reminded of a modest, country home,
located in an even colder place, the
hills of Vermont. In that little
house, about fifty years ago, a little
boy was born. He had a daddy who
made a living for his family by work
ing the soli, just as those people do
whose home we saw today. This fa
ther and mother, good, God-fearing
Americans, namtd the boy Calvin.
His last name was Coolidge. That
little boy grew as all boys do. He
helped his mother and father do the
work around the house and farm. He
went to school whenever the oppor
tunity was provided, at broken inter
vals as usual in the country. He
studied hard beqayse he was made of
the right stuff and because he had an
ambition to become a lawyer.
“Time went by quickly, for Calvin
was working hard. In his young man
hood he moved. to Northampton,
Mass., where his honesty, ability and
sincerity were recognized by those
truth-loving New Englanders. In
rapid succession he was elected a
member of the Common Council, City
Solicitor, Mayor, member of the
House, member of the Senate, Lt.
Governor, Governor, Vice-President,
and now President! While that list
tells a wonderful story of the rise of
a plain country boy, it does not tell
us that never in all that busy time,
did Calvin fail fto return to his fa
ther’s home evefo r summer.
“A lot of people may say It was a
vacation for hlta to go back home
every summer. But this sandy-haired,
freckled-faced boy, now grown to
manhood, was not content Just to go
home. He worked when, he got there,
helping his father.
“You see, kiddies, there are a lot
of politicians in the world, and a lot
of them perform ‘stunts' for political
effect. Calvin Coolidge was not of
that kind. Most public men who go
back to the farm and do some real
work take care to have a photog
rapher along to take their pictures to
put In the papers. Calvin Coolidge
was not of th%t kind. He had been
going back to the farm every year,
not for political effect, but to keep
himself In good health and vigor. He
worked on the farm instead of play
ing golf or tennis. And nobody ex
cept the neighbors knew anything
about it until after he became Presi
dent.
"It didn't take the people of
Massachusetts long to recognize that
he was a man who couldn't be swerv
ed from his honest purpose and for
that reason they felt safe In electing
him Governor of that great common
wealth. Lots of times after he be
came Governor problems came up
that looked difficult for this Vermont
farm boy. There were times when
the wise politicians said he was
killed, politically. But he wasn’t,
and why?
“Because when he believed in a
thing, he believed in It because It was
right, and nothing could change his
mind. The people recognised quick
ly that they had elected a statesman
and not a politician to the Governor’s
chair, a man yrho had the courage of
his convictions; a man who could not
be pulled away from the course he be
lieved to be right. There is a great
lesson there for you kiddles. Fihd
out what is right In this world and
then stick to it. It is always the
best policy.
“So you see, kiddies, this boy of
the soil, this real farmer boy who
loved his country and who stood for
all those things that are honest and
clean and who worked hard, is the
sort of boy to try to be like.”
“I feel different about that little
old country house, Uncle Ted,” said
Jack. “I Just didn't realize all you
told us tonight.”
"And lots of people don’t realize It
either, Jack.”
NEWSPAPER MEN
TO NASHVILLE
FOR CONVENTION
Journalist of National Repute
Will Assemble for Session
February 18-24.
Nashville, Tenn.—The local com
mittee of the National Negro Press
Association is making large prepara
tions to entertain the National gath
ering which convenes here February
18-24.
On Friday night, February 22, the
leading newspaper men of the United
States composing the National Negro
Press Association will be presented to
the citizens of Nashville. This presen
tation will take place at the Ryman
Auditorium on Fifth avenue at 8:00
P. M. Nashville will be host to the
twenty-seventh annual session of this
association that is made up of news
papers, magazines and their editors,
owners and managers scattered
throughout the United States. These
men and women will be here as rep
resentatives. They are to spend the
week beginning the 18th of February
and closing the 24th, in deliberations
on matters and questions effecting
the Press of the United States, and
are expected to promulgate certain
reforms effecting newspapers, and
their miblishers, and to create a
healthy public sentiment along some
new lines that mean much for the de
velopment and the awakening of race
consciousness.
On this particular night Nashville
is supposed to be at her best. Invi
tations have been extended to the
pastors of every church to be pres
ent with his congregation, the pastor
to occupy a seat on the platform.
The several colleges, viz: Meharry
Medical College, Walden College,
Fisk University, Roger Williams Uni
versity, the Theological and Training
Seminary, the High School and the
Grammar Schools, the Academy of
Our Immaculate Mother have been
asked to give a number on the pro
gram. While every business man In
the city has been especially invited to
take part in helping to entertain
these quill pushers and publishers.
The Secretary of the association has
made the announcement that the
entire week will be one of~ exhibits
as there will be shown in the spa
cious gymnasium room specimen
copies of books, pamphlets and news
papers published, edited and written
by members of this organization and
by the leading writers of the race.
Firpo-Wills Go
For $200,000
Buenos Aires. —Louis Firpo, the
Argentine heavyweight, received a
cablegram from Tex Rickard offering
$200,000 for a fight between him and
Harry Wills in July and proposing an
other fight between Firpo and Jack
Dempsey In September. '
Firpo said he would not decide un
til the arrival of Hugh Gartland, his
New York representative who is on
his way here and who, notified Firpo
that he had an offer of $250/000 for a
fight with Wills from Newark pro
moters.
Firpo explained that he was no
longer bound by the agreement he
made with Rickard after the Demp
sey match to fight Wills, because the
time limit for Wills’ signature to the
agreement had expired; hence he was
at liberty to accept the Newark of
fer. Rickard said in his message to
Firpo that It had been difficult to ar
range a match with Wills.
Mrs. Henry High, 674 St. Anthony
avenue, has been appointed office as
sistant of the Urban League, 308 Mc-
Clure Bldg.
The Illinois Conference of St.
James’ church is making preparations
for an indoor picnic at the ehurch on
the 31st of January.
Mrs. Grant Bledsoe of St. Louis,
Mo.„ who was the guest of Mrs. F.
A. Scott, 325 Chatsworth, left for her
home after a pleasant visit as she was
the recipient of many social courte
sies during her stay.
Many of the migrants from the
South are anxious to buy small farms
In the North and to get away from
the congested industrial centers.
Attorney W. T. Francis returned
last Monday from a ten days’ busi
ness trip to South Bend, Detroit, and
Chicago, where he conducted Investi
gations in Important litigation about
to be brought.
Miss Edith Gillard, librarian and
assistgnt of the Y. W. C. A., 598 West
Central, was unable to occupy her po
sition the latter part of the week on
account of illness.
Mrs. Clarence Thompson and daugh
ter, also her sister, Miss Mae Peak,
who' formerly resided at 465 Sher
burne Ave., have moved to the home
of Mrs. R. F. Wilson, 697 St. Anthony
Ave.
, Correction —Miss Leah May Minor,
name was omitted from the Pauline
James Lee recital-lecture program
unintentionally. ,
Accomac County, Virginia, pro
duces more sweet potatoes and yams
than any other county in the United
States.
Garland,s Special
No. 200 X—36-inch Has two trays
' Best quality 3-ply Veneer Bass
wood Box Covered With Vulcan
ized Fibre, Steel Binding and
Steel Strips, Top, Bottom, Front
and Back. Draw Bolts. Best
Spring Lock, Cold Rolled Steel,
Hardware Brass Plated .
Mail Orders Prepaid.
C
Sixth at Cedar.
Let ' ■ m
The
Bulletin
Appeal
Do ALL Your Printing
Cards
Letterheads
Envelopes
and ALL
Small Printing Jobs
Get Our Estimate
We will save you money!
Call Garfield 2075
Aak for the Printing Department
—Argus
CHURCHES SHOW BETTER
CONDITION OVER YEAR
Cincinnati, Ohio. —In the churches
the year Just closed has been pro
ductive of prosperity. Pahtors are ’
better paid, old churches renovated,
new churches built. We cannot say
that they speak for much betterment
of their respective communities, since
they devote too much time to the next
world and oo little to thlk. Church
es should go strong for every little
movement that tends to the civic and
general Improvement of the people.
If God had wanted all of our thoughts
and actions concentrated upon the
next world, we would have been col
onized there.
Mrs. Mary B. Jones. 624 Lyndale
Ave., has returned from Homer, Lou
isiana, where she visited her moth
er who has just recovered from a ser
ious Illness.
■ 4-