davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
le Only Sure Remedy for the High Cost of Living

to-day the good things of this world are becom-
ing scarce on the one hand while money ana
its substitutes are not becoming PLENTIFUL II
would be reasonable TO conclude that the fault
lies with goods and not with money. II, on the
contrary, Il can be shown that money and Its
substitutes are becoming plentiful and that
goods are not becoming scarce II is reasonable
TO conclude that the fault lies chiefly on the
monetary side.
II seems 10 me that this IS the really great
issue before us and that It has been largely
overlooked by the principal disputants in the
case. On the one side there are those VINO
take Il for granted that the fault lies with
goods and refuse TO consider that every price,
being expressed in money. has monetary side
ms well as merchandise side On the other
hand. there are many who would lay the blame
on gold, begging the question by stating the
mere relative fact that the purchasing power
of the dollar is diminishing.
The only method Of deciding on which side
the proof lies Is by a world wide investiga-
tion and IT is hoped that the present proposed
international conference on the high cost OF
living a bin for which passed the Senate last
Spring may al last materialize through the ef-
forts of President Wilson and the new Con
Eress. Then we may expect sufficient data 10
hc assembled 10 enable TO decide whether
the present condition of rising prices Is prlma-
rily q monetary or primarily merchandise
proposition.
In the absence Of fun data no statement can
be made which cannot be disputed. My own
studies, however have led me 10 the tentative
conclusion that the fault is primarily with
money. Before 7 give reasons for this con-
ClUsiou would like 20 say that, IN my opinion
the chief reason why this conclusion is not
more generally recognized is the common IL
fusion that prices OF goods pertain only 20 goods
and have nothing 70 do with money. The
money factor is forgotten because money is
Ike the atmosphere, a medium in which our
commerce constantly lives and moves and OF
which. therefore. e is usually unconscious. To
change the smile we are all standing on a
money platform and just as the movement Of
the earth ON which We stand was UnreCoguized
for SO many generations because 10 seemed i'm
movable and just as our earths motion was
once asc-llad 10 the rest of the universe, so
We are prone 90 mistake a change in money. In
terms of which everything else is expressed
for change ia those other things
When We say "the prices of goods are de-
terulurd uy supply and demand" We almost
always ignore money We only think of the
supply ANA demand of the goodsl But that is
only hal. ot the story. Prices of goods are de-
te-wiued hE The supply and demand not ONLY
ef goods Hl. uE the supply and demand Of gold
tu terms o' which, through money. all prices
aye expressed.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13

az per cent per annum), showing that our
average per capita trade has increased; and
trade is fairly proportional to consumption and
production.
II is true that a comparison of the Censut
figures for 1899 and 1909 show a very slight in
crease @ per cent? in production of the LEADING
crops in the last ten years, which is a very
slight decrease in the per capita production
But according TO the statistics of Nat Murray
OF the Department Of Agriculture, the census
years were exceptional years the year 1899
being an exceptionally plentiful year and 1908
being an exceptionally scarce year.
If we can accept Mr.. Murray's figures and
compare those figures for 1892 to 1896 incu
sive, which are the years of low prices and
compare them with the last fve-year period OF
high prices, from 1907 to 1912, we find that the
per capita production of the ten leading crops
has not decreased but has increased 9 per
cent, while prices OF those crops have increased
during this period % per cent. Now the ten
dency Of increasing crops would naturally be
expected to lower prices, but they have act
ually risen So per cent.
For the world as a whole we find indications
that the volume Of goods produced and sold
has, instead OF falling off in the last fifteen
years. actually increased at the rate of AZ Der
cent per annum while the population of the
countries concerned has increased only about
l per cent per annum.
These results indicate that We are not facing
a progressive dearth of goods but that on the
contrary, We are growing yearly richer
This result is what we should expect Sci
ence Is increasing productivity and crop fall
ures are seldom wide spread as to affect
world prices Of many crops simultaneously.
If it can be shown ther that gold has been
relatively stable but that two or three hundred
commodities, the prices of which have beeL
recorded in our index numbers, have stimuli
taneously grown scarce, We may lay the blame
on goods
On the other hand if it can be shown. az
believe the evidence so far available indicates
and the statistical proof for which | have Just
outlined, that the production of commodities
taken in the mass has changed but slightly and
also steadily while the volume Of money and
its substitutes have been subject to enormous
and rapid fluctuations then the cost of living
problem is to a very large extent a monetary
problem. in this case we should adapt our
remedies to the situation and ''let the punish
ment fiji the crime by trying TO stabilize the
dollar. In other words, il we can make the
purchasing power of the dollar stable in terms
OF commodities We shall have substituted .sir-
tually multiple standard for a single sold
standard, and a multiple standard. as Jeyons
states en- the mere basis of probability. = -
more stable than a standard base "a one
thing only
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
Professor Irving Fisher, of Yale University.

Let US prove this fact to ourselves. Suppose
the supply Of gold land substitute for gold, l. e.
credit 10 greatly increase. as il has done dur
ing the last fifteen years. where Will this in
creased supply OF gold show itself? Where
can IL show itself? Not in the price OF gold,
for that Is arbitrarily fixed by the Government
az SIS So per ounce No matter how many new
gold mines are discovered, no matter how many
new methods for obtaining gold are found. the
Government continues TO buy and sell gold At
exactly $3.50 per ounce This increased sup
ply o. gold beats In vain against the price Of
gold. for that is as certain and as fixed as the
proyerbial death and taxes
Where then can this increased supply of gold
make itself felrs only in higher prices OF
goods. This prices OF goods are. after an.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13

merely the value of those goods expressed in
gold. When an Increase in the suppl OF gold
is not allowed to affect the price OF gold, De
cause that price is securely tied. il Is not alto
gether fOiled but takes its revenge. so to SPEAK,
on the prices Of other goods. The gold being
more plentiful and consequently less really val
liable. each dollar will buy less goods and the
prices of goods will rise.
If once the money illusion can be overcome,
people will be opeu-minded enough to look at
the actual evidence and decide whether the
rise OF prices represents an appreciation OF
goods or q depreciation of money
The following evidence is offered i'm support
Of the conclusion that the problem before us is
primarily a monetary one. L can scarcely be
8 coincidence that throughout she EiE'arv nj
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13

or follows any sport cannot carry great
burden Of flesh. Golf has quite recently had
a tremendous effect in strengthening and
trimming down the figures Of our French
women.
The woman with the up-to-date figure en-
Joys life. Her sister with too much flesh,
euvies her and determines 10 reach the same
happy condition. Hence the enormous popu-
larity OF many fat-reduCing systems.
As a dressmaker ! regret extremes. Tho
other day / saw a lady of about sixty-three
on the streets of New York, wearing skin
tight costume. slit up 20 the knee. and little
hat with a red feather, placed over her right
ear We cannot always help such things.
The straight front corset 10 one OF the
most essential and valuable features OF our
sensible standardized fashions. well-made
straight front corset gives support whore It
Is most needed and removes pressure where It Is
most injurious. l do not believe We shall
ever abandon the straight front corset. The
passing of the old narrow wasted corset must
have saved innumerable years Of female suf-
ferng
The fashionable corset for the year is soft
and low, with, OF course. the regular straight
front.
This Spring the skirts are going to be tight,
but not slit further up than the ankle. The
waist line will be hlgh-a threeq quarter waist
line and the sleeves are to DO Of lace or net
or some transparent material. Angel sleeves
will be used for evening wear.
Lace will be the feature OF the Summer
gowns These will not be draped but VIII
hang with slight fullness. They Will be made
over silks and combined with crepe-de-chine.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
Prof. Irving Fisher, the Dis
tinguished Yale Economist,
Points Out that the First
Step Must be Made in a
Scientific Examination
to Decide Whether
Our Cheap Gold
Dollar Lies at
the Bottom of
Our Troubles
By IRVING FISHER.

TWENTY years ago the whole world was
complaining OF falling prices and the
consequent depression OF trade Now
we are complaining OF rising prices and the
high cost Of living When the period of falling
prices was upon us, the nature Of the move
ment came 10 be widely recognized as largely
monetary. There was much talk of "apprecia-
ton Of gold In consequence there were many
proposed monetary remedies, including bi-
metallism, both Of the International variety and
OF the 16 TO ! stripe.
In like manner the rising prices today are
coming TO be recognized as a depreciation Of
gold Certain It is that, from purely relative
point OF view falling prices mean appreciation
OF money and rising prices mean depreciation
Of money. for when prices are less than form
erly a dollar will evidently buy more than
formerly, and reyersely when, as ar present
prices are more than formerly, "a dollar VIII buy
less than formerly. Ii would. however. D." beg
ging the question if we should content our
selves with this purely relative statement The
real problem before us is Which should be
regarded as in the main the absolute -hange2
At the present time should We say goods have
gone up or the dollar has gone down.
il would take us too far a.eld here 20 attempt
20 fix an absolute standard of value. The prob
lem is too large for fifteen minute discussion
7 have tried 10 trear Of 81, elsewhere. uar-icl.
is-D IN The Purchasing Power o. Money"
but IL is possible 90 luClrate -Ge inns, uu which
the question can. for all practical purposes Dee
oeclaed. il il ecu be shown ro- i--ts lce. that
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13

which will be the most fashionable Summer
fabric.
You will see the lovellest colors They are
what we call the in between shades, neutral
shades. between red and orange, between yell
low and brown, and so on. Peacock blue VIII
be a favOrite
Bulgarian blouses with queer mixed colors,
will be worn. The Bulgarian fabrics and EN-
broideres, pOpularized by the Balkan war, are,
] consider, quite pretty and artistic, but the
styles are apt 20 be ungainly. woman had
better not try them unless she is quite sure
OF herself and her dressmaker.
Low neCks will continue in fashion. | hope
they always will be. 1t is a great pity for a
woman with a pretty neck to hide It or spoil
H. Those who don't want to show their necks
may wear soft transparent collars of light
material
l have not said that fashions are going to
be more daring than ever this year. French.
women OF good position are not wearing and
will not wear skirts slashed to the knee.
French society and the public will not stand
outrageous fashions. When some of our dress
makers sent out some poor little girls wear
ing pants" otherwise called harem skirts,
they we're forced 10 cover them up by the
indignant people
! am sure that outrageous fashions are not
alluring to men. Whether they are demoralz-
ing to women | cannot be so certain. l find
personally that costume gracefully draped
more Hlluring.
In any case, there is no reason for attribut-
ing any social Generalization that may exist
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
By WORTH, of Paris
I'm an lnterview)

A WOMAN wearing a crinoine cannot go
IA up in a flying machine. Therefore, we
= shall not go back to the crinoline. We
shall not go back to any OF the clumsy styles
OF the past
In other words, mechanical progress has
standardized fashion. When I say flying ma
chine" 1 instance the extreme form OF me-
chanics. Every woman OF means is using
automobiles every day and It is impossible to
do that In a crinolne or any cumbrous, pom
pous form Of dress.
believe that the present general style OF
dress, the straight slim style, with narrow
skirts and without unnecessary frills and
adornments, will remain in fashion perma-
nently.
OF course. there will be little changes con
tinually. Our customers come to us every
season and say mir. Worth, what are tho new
styles TO be? You will have 10 do something
original for me" To satisfy our customers
we give original little turns to our creations,
but the general form remains fundamentally
the same.
You will notice that for five or six years
there has been no radical change in this gem
eral form Of dress. l believe we have at last
reached type Of dress that is really sensible
and nearly ideal. 10 is, at any rate, the most
sensible we have ever had.
or course there is room for Improvement
The present style has been made the excuse
for some ugly things. I cannot say that I adj
mire a woman with an absolutely straight
up and down figure ! cannot see how any
man likes that The creations OF Worth have
never gone TO that extreme.
We may accentuate the beautiful curves OF
the female figure a little more another year
but ] cannot believe that We shall ever 20
bac'. to bustles great bulging busts terrible
hips or other abnormal eXcrescences
Similarly J believe that the present physical
fashion In figures will be practically perma-
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13

co The Spreading Crinoline Of
1860, Style Originated by NJ
Worth's Grandfather. Automo-
bile, Flying Machine and Sports
Make 1t Impossible Ever to Re-
turn, Thinks M. Worth.
TO our fashions In the reign of King Louis
XIV, when women were magnfcenuy pro
tected by hoop skirts and enormous corsets,
we know that conditions were much worse.
Fashions are created for the pleasure of men
and judged by them.
In the evolution of the standardized fashion
progress must fight with a natural human
weakness. That is the tendency to cxaggerate.
Fashion is essentially a craving TO satisfy the
love of the beautiful. To mar this comes that
tendency to eXaggerate. For instance, my
grandfather long ago found that a reinforce
ment of the posterior line of the costume was
attractive. That was quickly developed into
the hideous hustle.
similar eXaggeration followed the dis
COvery that the costume with simple up and
uOwn-nearly straight-lnes looked graceful.
II was forced to the absolutely tubular form.
We deplOre such eXaggeratOns. We aim at
originality in harmony with taste and good
sense.
Exaggeration must take the form of en-
largng or diminishing. Hence If we yield to
this weakness We get those extraordinary
changes that have astonished philosophers
See how well-balanced and well-propor-
toned is the prevailing style of dress In for
mer days we would alternate from a top heavy
costume to one with an enormous base The
CrinOline was followed, after a considerable
length of time. il is true, by the gigantic
puff sleeves. There were philosophers and
fashion experts who argued that such ex-
tremes were graceful They said that woman's
chief charm was to be irrational that if n
costume was too large in one part it should
be too small in another
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13

II is true that an irrational woman may be
charming, but we now admit that irratiOnality
Is not the greatest charm Of all women.
The well dressed woman of to-day is fit for
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13

ncnt. The slim.
straight figure Is the
figure Of the active.
healthy woman. Sport
has combined with
mechanical progress
to make this so. Tho
woman VINO walks
briskly, plays golf
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
to Stay

JACQUES WORTH head Of the well known dressmaking firm
of the Rue dc la Paix is now in this country visit of
y business pleasure
interview NJ Worth exceedingly interesting
opinions psychology philosophy
the prevailing form of dress
really style He considered that
mechanical progress had at last standardized style
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13

1 WOMAN wearing a Crinolne cannot go
n up in a flying machine. Therefore, we
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-20
ATLANTA LIVE STOCK MARKET.


(By w. n. White, Jr., OF the White Pro.
vision Company
Quotations based on actual purchases
during the current week:
Choice to good steers. 900 to ZOO, 5. so
a 90; good steers, 500 to 1000 5.0005 so
medium to good steers, 700 to $50, Also
s rs: good to choice beef cows, 800 to 900
4.00M5.00; medium to good cows, 700
to 800, 3.75m425; good to choice heifers
$50 to $50, ASA 500; medium to good
heifers, 6,5O0750; $50 to 400
good quality Of beef cattle. Inferior
grades and dairy type selling lower.
Mixed to good steers. If fat, 700qs00
425m475;; medium to common cows, II
fat, 700 to 500, 325d4. 90; mixed common
500 TO 500, 2.75u3.25; good butcher bulls,
Prime hogs. $50 to 200 average, 1850
$50; good butcher hogs, 40 to 100 1854
7.35: good butcher pigs, 100 TO l40. 7 00N
7.25: light pigs. so to 100, 6.50d 90: heavy
rough hogs, 200 10 $50 6.50n7.O0
Above quotations apply to cOrufed hogs.
mast and peanut fattened hogs, ! to Ia
cents under.
Cattle receipts normal Assortment and
general condition better Several loads Of
fed steers from nearby feed lots were on
not finished and should have been fed
from 30 to co days longcr--iu fact, until
fat Feeders should not put half fat
stuff on the market If they expect salts
factory results. \ few loads Of good
cows were among the weeks receipts,
which met with good demand at slightly
advanced prices.
Hogs steady and unchanged. Supply
normal.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-20

CHICAGO, Jan. 20.-There were price
recessions in all the grain markets this
morning on the lack of buying power and
the increased offerings in the various
pits.
Oats held up better than any of the
other cereals. Gables We're lower for both
wheat and corn, and while Northwestern
receipts of wheat were larger than week
ago they were smaller than a year ago.
Worlds shipments of wheat. however,
were considerably in excess of compare
tive periods. The news on wheat and
corn from Liverpool and Buenos Ayres
was bearish in character.
Hogs were sc higher at the yards, and
the provision list was better in the pit
Wheat closed around the bottom prices
reached and showed net losses of Is to q
for the day. Lower bids for export were
the leading factors in the pit There was
an increase in the visible supply of wheat
of 637 900 bushels, of corn $4,000 bushels
and oats 900 bushels. The increase in
wheat was disappointing to the bulls, as
a decrease was thought to be possible.
Corn closed with losses of Is to &c,
while oats were unchanged.
Provisions were sharply greater at the
close and best prices were pretty well
held. Cash sales: Wheat, $4,000, corn,
100000; oats, 10000 bushels.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-20
REAL ESTATE
BUILDING PERMITS.

SS'400-R. B. HiXon, 1880 Piedmont
avenue. tWo-stoly frame dwelling. j.
E. Hart.
$LOOO-George F. Glazner. 81 Hous-
ton street, two-story brick business
building. Day work
$4,000. S. Surber. 594 West Peach
Tree street, tWo-story brick dwelling. J.
$75O-George NJ. Hope, 22G Ivy street
move and underpin houses. PIN &
Barmore.
$90-Gunter- Watkins Drug Co, Wal
ton and Peachtree. alterations. j. H.
Brown.
$53O-A. c. Woolley, Maddox drive.
heating plant. H. Hitchcock.
$5O-R N. Gam, 49, Ashby street,
repair fire damage. Bob Middlebrook.
S6O-Tom Ferguson, % Piedmont ave-
nue., alter and repair buildings. Day
work.
s25O-J. H. Gilbert, 237 Richardson
street. install furnace. Eichberg Heat
ing Company.
$20O-Elkin Drug Company, Grand
Pharmacy. Peachtree street. erect sign.
Georgia Railway and Power Company.
$630-D. II. Scoville, Marion hotel,
same
$1SO-George A. Lougee Kimban
house, same.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-20
STOCK MARKET
STANDING PAT.
Spectators Disappointed at
Failure of U. S. Supreme
Court to Decide Rate Case.
By CHARLES w. STORM.

NEW YORK, Jan. 20.-American To-
bacco was bought at the opening of the
stock market beginning at 255. gain of
"A over Saturdays closing. The copper
group was weak and losses were shown
in nearly all these issues. Amalgamated
Copper was off Is and the same loss was
sustained by Chino Ray Consolidated
lost Is and Utah Copper declined q.
American Smelling was unchanged after
the first fifteen minutes.
Steel common was Il lower and a sim
liar decline was shown in Atchison.
Southern Pacific was unchanged. Union
Pacific began q lower, but subsequently
recovered a part of this loss. Among the
advances are American Cotton Oil IS,
Mexican Petroleum IS and st. Paul a.
The curb market was steady.
Americans in London hesitated.
A steady tone prevailed in the late fore
noon, although a number of issues showed
fractional recessions from the level es-
tablished in the initial trading A wait
ing tendency was displayed and traders
spoke of a possibility of a decision on the
Minnesota rate case.
The market closed irregular; govern
ment bonds unchanged; other bonds
steady.
Stock quotations:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-20
David n, Gouedy,

David II. Gouedy, aged 81 years, died
this morning at 4 o'clock at his resi-
dence, As Eugenia street, after a linger-
ing illness, Mr.. Gouedy had been en-
ployed by the kirkpatrick Hardware
Company for several years. The flu
neral will be held at 2:3O o'clock Tues
day afternoon from Barclay G. Bran
don's chapel. Interment will be in
Greenwood. Mr. Gouedy is survived by
three sons. j. H. Gouedy. D. c. Gouedv
and J. c. Brown. and by one daughter,
Mrs. L. r. Martin.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-20
RECEDES
On WEAK CABLES
Ring and Commission Houses
Liquidate Heavily Scatter
ed Short Selling.

NEW YORK Jan. 2O-J-reypccted
weakness in Liverpool cables, which show
spots a points net lower, mlddling 6.GSd.
caused our market to open weak, with
tirst prices "a net decline of 10 to II
points from Saturdays closing quotations.
The ring crowd and commission houses
hammered every ODtiCn on the list
January showed less strength. This OPP
ton dropped 10 1850, AGAINST an opening
of 12.40, with other months reccding 4 to
10 points from the opening, and at the
end Of theft half hour DrEces were II to
The leading interests were absent from
the market and what little buying pre-
NaHCL seemed to be local shorts cover
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-20

(medicated), per case. S4S5; salt. red
rock, per cwt $1.OO; salt, white. per cwt,.
salt ozone, per case 80 packa ges. soc: So
To- sacks. soc: 25-lb. sacks. 1sc.
MISCELLANEOU$-O cane syr-
up, SIC; axle grease, S1.75; soda crackers.
TIC per pound; lemon crackers, SC; oys-
ter. &c; tomatoes G. pounds, s1.65 case;
g pounds). $2.25; navy beans, S3.25; Lima
beans. 715c; shredded biscuit. S36 rolled
pink salmon, SO. rs per case; r. e. Lee sal
mon, $500; cocoa, 3Sc; roast beef, $50;
syrup, zoe per gallon Sterling ball pot
case Rumford baking powder, $3.50 per
case.