Saturday news. (Watertown, S.D.) 19??-19??, 1915-10-07
AN ECONOMIC PROBLEM.

1t has taken generations for the fact to soak in' that the
liquor question in its relation to the public is largely an economic
problem.
Hitherto the moral aspect of the situation has been the domi-
nant feature in the greater part Of the public discussions.
But within the past decade the general trend has been towards
ing the business and commercial interests of the people as a whole
The battles that have been won by the ndrysn IN n,t the larger
and laboring men who have given the moral side of the case but
scant attention, but who have concentrated their thoughts and their
efforts upon the economic issues involved.
The dry territory has been rapidly expanding, although he g,J for
which the rural communities have rendered in Increasing numbers
with reference to the desirabIity of banishing the saloon.
But the larger cities have been moved, not so much. perhaps
by the argument regarding the baneful effects of the use of alcoholic
stimulants as through the inability, or indisposition, Of those in ao-
thority to afford reasonable enforcement of the ''dryn dcmm;
1T is now rarely contended, in ordinary discussion, that the ban
of the people providing prohibition in fact prohibited, and provided,
further, that i applied 70 all surrounding ing territory rr,Gy the e, ehef "a ar gu
disadvantage Of the town when all Of the neighborng towns retain
South Dakota will be in the midst of this wet and "dry''
fight in 1916, when the people will be called upon to pass upon 1t
And South Dakota will go dry (and not otherwise) if the bust
ness men and the professional men are persuaded that the money
in the event of the elimination of the licensed dramshop.
The Redfeld journal Observer complains that the football game
at Reddeld recently, participated in by Redheld and Clark high
There isn't much encouragement for a school when local interest is
manifestly lacking One Of the things that contributed cute to encourage age
the large attendance and the enthusiasm shown. While the cheer
i 1asm was as g me, q 4 q = course n IT. the so1 hGm n1. ps9 gf tb sisegSeaf t tnsnr S Swp
greeted with shouts Of commendation. Football without the accom-
affair It h d soon lose is popularity : if f lie girls couldnSt sing
and the boys couldn't shout!
One Of the great corporation lawyers of New York advises the
public to 60 slow on war stock investments-that is, stocks that the
war has affected. There's a great day of reckoning, Stock gamblers
are always running a risk. The Saturday News believes it would be
Infinitely better if the stock exchanges were closed to remait
closed. They afford some indication of the general trend Of prices,
it Isl true, but the injury they infict, taking the whole range into
consideration, is greater than the good they accomplish. in our opin-
son.
The supreme court is putting off the day Of Judgment with
reference TO the right of the legislature to repeal an initiated law
until the last minute. We shall be surprised if the court doesn't
SuSta1n Judge$IaynrgS views, which. boiled down. Were to the effect
that the initiative and referendum isn't worth two whoops in a
kettle drum.
---
Ford's foolish threat of a boycott Of any bank taking part
in the loan says the Argns-Leader, got him nowhere and de-
tracted from his reputation for wisdom and observation-disclosures. =
Regardless OF whether the remark concerning Mr.. Ford is well
founded, it may be said that Henry is a better auto builder and seller
than he's censor.
The Nerminion Republican, referring to the fact that the bank
ers Of the state are protesting against the recent order concerning
now, but there are still the doctors, the lawyers and the pawnshops
TO be operated upon
The syndicate which negotiates the war loan gets the bonds at
96, while the public buys them at 9S. The two per cent. will net the
syndicate ten million dollars il the loan is half a billion, or twenty
million il the loan isfa billion. 1t pays to be an underwater in big
transactions