Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-10
CAPITAL ISSUES CONTROL
is ADMITTEDLY NECESSARY
Investors Will Be Saved Millions and Lib
,erty Bond Buyers Protected-Realty
Boom-Money and II. C.. l..

that it has added to tie home owners:
4 feature OF the sale of the Academy
Of Visitation Is thu proposition to
erect large department store on the
northeast corner OF Connecticut ave.
nue. and L street. Verify the business
district moves in . ncythwestssly
direction
And with all tn. money in the
banks there should DO ample funds
for mortgage money High rates IN
New Iork - one reason for . scarcity
Local Securities.
In ths decline in the price Of Rail-
way common from so to Is. az shewa
by the stock exchange record pub.
!tshsd elsewhere. but -iT4 shares OF
stock have hsen liau!datsd. ana the
was attended BY sales Of su. a.oss
shares between IS. the low. and seH.
the nigh. were nearly twice as large
az OF both Railway stocks. 2,266 to
%,sSs shares Of Capital Traction:
r sT,ees "a, during st. IT., the past week re-
Some Bankers Differ.
Some bankers are Of the opinion
that there has not been any wild OK =.
pension OF the circulating medium a.
therefore. no serious need for q grad.
ual reduction In the volume Of cur
reney as a means OF bringing within
bounds the cost Of living.
The great prosperity Of the nation
as q result largely OF the pre.war
BUYING by Eurepsan nations. the sx.
psnd,tures OF millions in this country,
the immense OPoftR rAAuftinR tina
higher wages and hundred circum.
stances Affecting accumulation have
been largely responsible, coupled with
the needs OF the government itself
In war.
There 10 surely no need OF cutting
csrtihcatss-silvsr and goblin circu.
latton; there has been no increase in
legal tenders, but there has been .
big increase in federal reserve notes
in 1914 in November for
the nrst time.
But these notes are issued against
with circulation privilege, which are
retired. which have followed the cur
rency they secured into retirement
Tor silver dollars melted under the
Ftttman act; and notes issued In or.
der to make advances on bonds Of the
United States aud the control Of the
@S0 W 4nSVIS0k gu0 LuS
Federal Reserve Board. which can
check the volume Of these notes In
circulation very readily, II deemed
wise.
The law amply protects this kind
OF circulation: II 10 not legal tender.
and, 1t has q good percentage Of gold
On the face Of It. according to many
local bankers, 1t 10 not increased cir.
culation that has made for high cost
OF living.
Since 1914 bank deposits have in.
creased 3ii,ooo,ooo.oo6 and circula.
ton $2,500.00o 900.
believed to BE- responsible:
More people are working than ever
before IN this country and wages are
materially higher. thus lifting wage
workers from buyers Of necessayie0
to buyers Of highsr.Yrads merchan.
disc and some Of the one time called
: The lack Of productive capacity in
Europe, not only OF manufactured
products. but Of the necessities Of life,
has placed Europe In the position of
2 yendtcant on our bounty, drawing
newly on our foodstu6s heretofore
dlstrtbuted in larger percentage IT
Humsn Greed Z Factor. -
No small Importance attaches to
human greed-greed that demands
the last cent Of profit simply because
1t has the power to take 1t. ::
The increased cost Of goods owing
to the constantly advancing wages
OF employees; charging and waitins
1os months Tor pay. and, In some lines,
making the cash customer pay for thu
never pay; delivering by motor small
packages that should be carried home.
higher rates Of freight to pay higher
wages-an endless chain Of added
costs.
And the result il enormous id.
vaness in everything that human
beings eat. drink and wear.
OF course. during the war the gov.
eminent spent billions mere or less
recklessly, but with large accom-.
plishment. In war money cannot nor
should not be a. closely iIuarded ~
In times OF peace.
Government demanded-and 1t once.
and paid the price, and the necessity
advanced the cost>-it has not gone
back to pre.war times yet. II we
can manage to carry on until Europe
makes some recovery and the sharks
In human form are brought to 8
realisation OF the evil Of proAteer.
Ing there will be gratifying change
one OF these days.
Ya fha Naa>. ne>.A>x