©
If all the money in the country
were divided equally—
* »
4
NE of the serious results that
come from the experience
through which our country
has been passing for the
past two years i3 loss of
faith. Jecause some have
put their trust In things
which they have found do
not always endure, they draw
the hasty and unwarranted
conclusion that it is useless to
have faith in anything. They
propose to abandon all standards, seek
only the easiest course, and live merely
for the present, on the theory that they
may as well eat, drink, and be merry,
for tomorrow they die.
It cannot be denied that many people
have had an experience which at first
thought seems to warrant such an atti
tude. They had profitable employment
on which they believed they could rely
for a permanent income. That has gone,
and they are unable to secure work.
They had a house which ultimately they
expected would be thelr own and would
make a home for themselves and their
family, They have been unable to meet
the payments due on it and have seen it
taken from them. Others have found that
Investments on which/ they relied for pro-
vision for their old age have turned out
to be of much less value than had been
supposed. Some have met with losses
through the failure of banks in which
they had money deposited,
It is easy, in these circumstances, for the In-
dividual to conclude that these disasters have
arisen through no fault of his own, that it must
be the fault of someone, and he is Inclined to
blame something he loosely calls society. Some
times a feeling of injustice results in a threat
of deflance against constituted authority.
Among all these people, those who most
strongly appeal to our sympathies, those who
seem most warranted in their discouragement,
are the ones who want work and cannot find it.
But even they should take the larger view of
thelr situation. It Is no néw experience for a
wage earner to be without employment. Such
& condition has always been temporary, It will
be temporary now. Surely the country will go
back to work, back to production and consump-
tion. The condition of the wage earner in Amer-
dca has long been the despair of all the rest of
the world. Some hope should be derived from
what has been and some confidence entertained
that the same again shall be.
sms: Jom
But a new element has entered into the situa-
tion of the unemployed. Heretofore, few have
known anything about it, few have cared any-
thing about it and nobody has done anything
about it, Now the whole nation is aroused.
There is scarcely a hamlet In the land where
there is not an organization and active public
effort for the relief of the unemployed. They
will be eared for in an unprecedented way.
We have had a tremendous spiritual awakening
concerning our duty to relieve human suffering.
It is true some homes have been lost through
default of payments, That risk is always in-
curred when property is bought on credit. But
even in this field, where one home has been lost,
an enormous number have been retained. Their
owners now find themselves securely and com-
fortably housed because they saved money and
bought when they had an income, instead of
spending all their money on rents and expensive
living.
If sll those who have bought homes in the
last twenty years could be assembled, it would
be found, in spite of some failures, that, as a
class, they were distinctly better off than their
neighbors,
ants Promina
The desire to bulld and own a home is one of
the primal human instincts. It is especially
strong in women. Even the present age of ho
tel apartments and flats is not likely to eradi-
cate so strong a natural longing. But those who
have given up the effort in despair or disgust
certainly must live somewhere—if not in their
own house then in the house of someone else,
Their real position in the world Is disclosed by
supposing that everyone else followed their ex-
ample. The whole race would be without shel
ter In about a generation.
Those who have come to the conclusion that
they will do nothing to make themselves a home
are injuring themselves most, but they are also
the whole community.
Any such scheme of things as their actions
presuppose could not be put into effect, Nature
and reason are both opposed to It.
When we examine the complaints of those
who have lost through investments we find that
they fall into three classes: Some lost because
they were plainly swindled. We are enacting
more and more laws and setting up more and
more regulations and safeguards to prevent a
recurrence of such abuses, The practice of swin-
dling Is very old, and larceny has never been
eradicated from any community where property
a8 abundant. But because someone does wrong
not prove that we shall all abandon trylog
to do right, -
Others have used poor judgment In Invest.
ments, Usually they have been tempted to take
large risks by the hope of making large gains,
Some did not make great profits, while many
more suffered heavy losses,
Those who trust to chance must abide by the
results of chance. They have no legitimate com-
plaint against anyone but themselves.
wise Jomo
Still others, using all the judgment possible
for human beings and gulded by the best finan.
cial advice obtainable, have seen their invest.
ments seriously Impaired. But this simply
means what everyone should know; that even
when surrounded by all the safeguards and all
the integrity which it Is possible to secure, the
ownership of property involves a risk.
No law, no regulation, no government
supervision, no skill in management, has
ever been devised that could protect in-
vested property from temporary fluctua-
tion and occasional loss, These are the
hazards of our finite existence. Only
omnisclence can guard against them,
But that does not excuse us from mak-
ing the most of what we have and doing
the best we can.
While no one can tell with certainty
what will happen to any particular prop-
erty or what the market will do at any
in life, we must take the risk of being re-
sponsible for the results,
If we could lay the blame for present
world on soclety at large, ngainst whom
is the blame to be assessed? It Is im
possible to point out any general tmoral
lapse, any widespread dishonesty, We
may say It was the result of greed and
selfishness, But what body is to be Epe-
cifieally charged with that? Were the
wage earners too greedy In getting all
they could for their work?
greedy in trying to operate at a profit?
Were the farmers too greedy in their
efforts to make more money by tilling
more land and enlarging their produc
tion?
Even If we could convict society on a
not point to any element that consclously
particular time, the best financial judgment ex-
pects that, while further losses may accrue,
sometime the general level of good standard
properties will rise, so that some of the present
losses will be reduced. Future prices at which
property will sell are always uncertain,
There is no one to be blamed for what is un-
avoldably true. The great fact of life is un-
certainty. The only thing we can do Is to recog-
nize the uncertainty and govern ourselves ac-
cordingly.
It Is true that a considerable number of peo-
ple have suffered through bank failures. In a
time of declining prices the banks that have
not been well managed always have difficulty.
Some also that through no fault of their own
have met losses have been compelied to close,
jut that does not mean a total loss to depositors,
Sometimes the loss Is heavy, but sometimes pay-
ment is made In full, In any case, funds are
tied up and much inconvenience results,
Our national banking system is as sound as
generations of experience have been able to
make it. Most of the states follow a similar
system, The nature of Investments is regulated
by law, and most banks are carefully super-
vised, rigidly controlled, and frequently exam-
ined by government agents, While absciute
safety has been impossible to secure, It is prob.
able that the records of money deposited in prop
erly regulated banks In this country would show
over a series of years that It has been in the
safest place to keep funds,
a
Banks are an absolute necessity for the trans.
action of business, If it were possible to con-
ceive of all of them being closed, starvation
would face most of us inside of ten dhys. They
exist to facilitate the process of exchange,
which is the basis of all business, They are one
of the main sources of credit, on which our eco-
nomic welfare largely depends,
It is apparent that if their source of currency
were cut off by people taking money out of
banks and hoarding It, locking it up, or hiding it
away, our banking system soon would become
deranged and the whole nation would begin to
suffer losses, Loans would have to be called,
mortgages canceled, prices would fall, wages
decline, credit would fail, and a general panic
would be produced,
If all the people attempted to draw thelr money
from the banks, all commerce would be reduced
io bursts, and universal bankruptcy would pre-
vai
While particular banks may become unsound,
we can feel adequately certain that our bank-
ing system as a whole will not become unsound.
If it ever did, we should find that the money
we had hidden away had become unsound also,
It would not be possiblé to buy anything with
it. All exchange would be at an end. Even pay-
ments by the federal government would have
to be suspended. While keeping money In
banks Involves some risk, because possession of
property always Involves risks, it is a risk that
must be taken. Compared with the certain ca-
lamity that would result If the people drew all
money out of banks, the risk can be considered
as negligible,
Those who are engaged in hoarding currency
are proBably no safer as a class than those who
keep their funds in the banks. They are in
themselves and everybody else. They are in the
position of not taking their part of the risks of
life and are trying to make themselves safe by
letting others carry their risks for them.
FRR, —.
It might be a great personal comfort If we
could lay all the blame for our misfortunes upon
some source outside ourselves, That is why it
is easy to convince some of us that we have not
falled, but society has falled. Of course, it would
follow that if soclety were to be blamed for our
failures, that some soclety must be credited
with our successes. If we want to look at it
that way we shall have to admit timt on the
whole, soclety in this country has done very
well by us. Our country, over its span of his.
tory, has been considerable of a success,
But while there is a relationship of all of us,
which we term society, that differs from each
of us, just as a house differs from the individu-
al bricks in It, yet people are not bricks, and
moral responsibility cannot be shifted to others,
It must rest with the individual, The same so-
clety produced Paul and Judas, Washington and
Arnold, Lincoln and Tweed, Edison and the
gud lender.
we are to be free to make our own choices
unemployment, lack of confidence, business fal
ures, and hard times, These were the last this
that anybody wanted. The most we can ia
that there has been a general lack of judgme
so widespread as to Involve practically the whole
country.
We have found out that we were not so big
as we thought we werea. We were riding too high
We shall have to keep nearer the ground. We
may not feel so elated but we shall be much safer.
Economic well-being is very Important, but
perhaps it Is not so Important as we thought it
was, If it 1s used as it ought to be, to minister
to spiritual well-being, we cannot have too much
of it. But If it is made a vehicle for stimulating
greed and selfishness, idleness and ignorance,
extravagance and waste, destructive alike to
body and soul, it defeats self and vanishes,
until, through adversity, we can learn to make
a better use of prosperity
and women can go on in bad times as well as in
good times. After all, that is the important thing.
Neither the world at large nor our own most
favored nation ix going to discover some miracu
lous formula which, all at once, will remove the
from the human race, With all the power of
mass production, we are a long way from uni
have approached the line of universal cenveni
of wealth so that those having incomes of five
thousand dollars or less, according to the latest
available records, are s=ald to receive 87 per
cent of the total national Income,
given, in addition, the entire income of all those
who receive more, the increase would be only
about seven hundred dollars, Great as our re
sources are, they have a distinct limitation,
take care of our people without the ablest pos-
on the part of all of us.
remove this burden fram its inhabitants,
asm Prssomsan
Under the pressure of events there are seme
who have become sullen and resentful. They
are Inclined to refuse to make an effort to pay
their taxes and their Interest. If they earn
anything, they propose to spend it. They have
fost faith In the standards by which they have
lived,
Such people have made a great mistake, They
have been born into the wrong universe for
them. They belong in some place where there
are no risks to be faced, where a backbone
would be considered excess baggage, where
courage and perseverance, effort and self-denial,
industry and thrift are not virtues In them
selves, to be cultivated for their own sakes
The nbsurdity of this position is revealed by
considering what would result If everybody else
adopted the same attitude, -
is no power than can guarantee us eco-
nomic security, We think we want relief from
toil and worry, forgetful that all our rual satis-
factions are in our achievements.
It we will but make the effort to develop
them, If we will apply oursdives faithZully to
our tasks, we shall all find we have powers we
did not know we possessed,
We shall come nearest to achieving our own
economic security by the practice of the old
fashioned, homely virtues of Industry and thrift;
of buying a few things we can pay for, rati.er
than many which leave us loaded with danger
ous debts wa can never pay; of small savings
securely Invested at moderate returns, rather
than spectacular financial performances,
The best recipe for security is to live
within our means.
have found better,
If we should undertake to put into operation
any scheme based on the assumption that the
world owes all of us a living, we would soon
find the world was bankrupt, If we try to adopt
some plan that will eliminate the changes and
risks of life, we are likely to find that reverses
will come just the same. We ghall be better off
if we work on the old standard that we owe a
duty to the world to earn our own living, and
instead of supposing we can abolish reverses, pre-
paring to meet them. Under this homely, safe,
nnd seasoned system we shall probably find we
have the best chance of taking care of ourselves
and securing the greatest distribution of wealth,
(World Copyright, 1932, by Calvin Coolidge.
All Rights Reserved.)
No People of History
Unfamiliar With Rings
Rings were not always used to dee
orate the fingers, and In suitable
forms at different times, they were
worn as anklets, armletg and neck
laces; on the toes and fingers: in the
ears and nose, writes Frank H. Vize-
telly, editor of the New Standard dic
tionary. To this day, the nosering,
the earring, and the toering are
worn in Far Eastern lands, Por
celain finger-vings were worn by the
poorer ciuss of Egyptians, Buch as
have been preserved in the British
museum, London. are of extreme
beauty. Some are of blue porce-
lain with a band of not more than
one-eighth of an ineh In thickness,
yet small as they are they bear two
impressions,
From Fgypt and the Enst rings
were Introduced to Greece, where
they were worn by ail free men as
Insignia of office or for ornament.
From the Greeks the Romans adopt
ed tbe custom, but hy them rings
were worn more ns luxuries, and be
came very common, To so great an
excess did the Romans carry this
practice that thes had summer rings
and winter rings. the former being
heavier and thicker than the latter,
Roman gems were sought and hig
valued for mystic virtues attri
to them.
This Little Girl
Got Well Quick
“Just after he
third birthday,
little daughter, Con-
nie, had a serious
attack of intestinal
fin,” says Mrs. H.W.
Tui oe, i Cad-
San An-
“iE 1of
it jell
her very weak and pale, Her bow-
els wouldn't a it, she had no
appetite and nothis greed with her.
“Our physician told us to give her
some California Fig Syrup. It made
her pick up right away, and now she
is as robust and happy as any child
in our neighborhood, 1 give Califor
nia Fig Syrup full credit for her
wonderful condition. It ls
thing for children”
Children like the rich, fruity taste
of California Fig Syrup, and you can
give it to them as often as they need
it, because it is purely vegetable.
For over 50 years leading physiclans
have recommended it, and Its over-
whelming sales record of over four
million bottles a year shows it gives
satisfaction. Nothing compares with
it as a gentie but certain laxative,
end it goes further than this. It
regulates the stomach and bowels
and gives tone and strength to these
organs so they continue to act nor-
mally, of their own accord i
There are many imitations of Call-
fornia Fig Syrup, so look for the
name “California™ on the carton to
be sure you get the genuine. i
8 & grea
Nice Bit of Work
Prim Old Aunt—Edith, the way |
you flirted with that young man was
terrible,
Pretty Niece—Why, auntie, I'm
sure he thought I did It very well
Same Thing
“Rrown says he bought the house |
for a song.”
“Well, he bought It on notes ™—
Pathfinder Magazine.
’
Mercolized Wax
Keeps Skin Young
on and vee we directed, Five particles of aged
shin off until all defocts puch ne girophes, liver
spots, tse and freckles dissppesr. Ekin is then sdb
nod velvety, Your face lovis years yousger . Mareolised
Wear brings out the hidden ty of your skin. Te
remove wrinkles use ous vunee Powdered Basel
disnohved in cuba phat witch hase, At drag store”
MAN OR WOMAN WANTED--To sell 250
article, steady work, $4 to $6 ir dAsy.
Full information. Write NATIONAL HOMBS
BANITATION CO., MINNEAPOLIS, MINN,
A BUSINESS OF YOUR OWN
We put your name ss Distributor on eve
can MONASTERY Dry Powdered MALT.
Big profit season near: protected territory,
GUARANTEED PURE, hop favored, in.
stantly soluble; s ail food we re
Vitamin B, but eliminates a rth a 9
stickiness and mess, BENSATION
eentrated QUALITY and
—make delicious beverage
clothes! Quick, simple
add water, Satisfy ar
BSe prepsld—1 can, aye, b gals
KARL WITT BONS, GUTTENBERG,
NJ
REAL BARGAINS FOR 1932
8,000, rent $1
Variety store, Stock 3 $128 profit
ts price $13.008 2
Bargain
price
Gro. and Gas 18 ali rr oY ee
ments; price $16,000 ? 4 ¢ wic,
General Flore and m d.; $200 wie
in store; $500 on far
Goode 3 Bargain,
nlory is ie 20.194; rent 390,
07 bins NYC
BOYK, a fancy walch free. Ball 26 tube ree
pair kits at 25 cents and get a waich free
fend name and a CG URPHY,
168 WHITE BT., DANXBURY, CONN
PRECIPITATED LIME
(Dissolved Limestone)
Highest Analysis ~~ Quickest Results
For lowest Lime prices write
NATURAL LIME.MARL co, Roanoke, Va.
Plants ~~Charles- Town, W. Va ~Martbrook, Va.
“Primitive Areas” for Parks
For the benefit of
{-seeing
» thousands who »
appreciate and help conserve
“primitive areas™ which
tually form a part of all
al parks of sufficient area.
Keep your complexion
free of blemishes, your
skin clear, soft, smooth
snd white, your hair silky
and glistening, your
entire body refreshed.
Use
Glenn's
Sulphur Soap
Contain 33%; 7% Pure Seigler. At droggints
Rohland’s Styptic Cotton, 285¢
Baby Taken as “Pledge”
Declaring that he could find noth-
Patulea, Jessarabla,
Capture
Hazel — Their engagement was
Helen—To him or to her?
& Bowne, Bloomfield,
Scott’s
| NORH E¢, {
1D
Wy
N. J. Sales Representative, Harold F.
Network,