The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-02-12
Clipped Here and There

- - -t--t-~'r
A man who was too stingy to sub.
scribe for his nome paper sent his lit
tie boy 10 borrow the copy taken by a
nelghbor. In his haste the boy ran
over Si stand OF bees and in ten min
utes locked like a wartV summer
squash. His father ran to his assist
ance, and failing to notice the bafbed
Wlre fence, ran INTO that, cutting a
hole IN his anatomy and running a S.
pair of trousers. The old cow took ad
vantage Of the gap in the fence and
got into the corn field and killed her.
self eating green corn. Hearing
racket the wife ran out, upset a four
gallon churn fun of cream into baa-
ket Of little chickens, drown ng the en-
tire hatch. In her haste She dropped
a S35 set of false teeth. The baby.
having been left alone .crawled through
the mix into the parlor running a
brand new $50 carpet. During the
excitement the older daughter ran
away with the hired man, the dog
broke up II sitting hens and the calves
got out and cheWed the tails Of four
fire shirts on the clothes line + Sebree
lhy.) Banner.
A consequence of imitation of French
currency is related in a dispatch to the
New York Evening Post which contains
a useful hint to Americans. Crcula-
ton OF French bank notes was increased
during the war from four to nearly "a
billion francs, but owing to doubt as to
the result of the war. and since Arms-
tice Day TO fear of bolshevism. the
peasants stored away the bulk of it.
Since confidence has returned they have
brought out their Loards and have been
buying freely. This action makes in
ilatlon actual rather than potential, as
it puts the boards in circulation. It
increases demand for goods. sends prices
up and aggravates depreciation, further
dlslocatinG exchange. In order to re-
tire this surplus, the French govern
ment and corporations are issuing bonds
which will convert it from spending
money into fixed capital saved from
income
Americans would do well to follow
the example of the French people who
buy these bonds. Though the cost of
lNlng has risen, wages of many work
ing people and incomes of many busi-
ness men and farmers have risen in
greater proportion. leaving n surplus
over reasonable expense of living. BV
spending this surplus on luxuries and
by relaxing the economy which they
formerly practiced they help to sus-
tam the present level of prices and to
raise it further, and they neglect pro.
VISION for the rainy days which are sure
to come. If they were to continue their
former manner of living and refrain
from buying Injuries and were to in
vest their surplus IN sound securities.
they would help to check the upward
trend of prices and would provide
sure income for the future.
They would also profit in another
way. They would paw in deprecated
money for securities which have a good
prospect of being redeemed at maturity
in dollars worth 100 cents. In purchas.
ing power a dollar is now " worth ONLY.
about 45 cents as compared with 1919.
There is every reason to expect that
before securities bought with the money
mature prices will have fallen and the
purchasing power of money will have
spondingly risen so that the as
cent dollar of the present may ulti-
mately be redeemed at 100 cents. Bv
carrying investmnets made in periods
of high prices over to periods of low
prices fortunes have been made.
Abundant opportunities will come
from the approaching settlement Of
world affairs. We may expect the loans
to the allies to be covered by long term
bonds which will be mortgage on the
resources of those nations. There is no
good cause to fear that, when the
world has settled down, they will not
be able to meet their obligations.
Though Britain and France are now
heavily burCened. they were both in
much the same position after the Ma
puleonlc war, but the period of their
greatest prosperity followed. Disarm
ament will help to release revenue for
payment of interest, and development
of backward countries will add to their
wealth. Securities may also be issued
by the basic industries of all European
countries and should prove as stable as
those Of the great industrial corpora
tlots of the United States. The laws
Of European countries carefully protect
the investor, requiring full reports and
publicity. Many Of these securities
VIII be placed on the American market,
for this country is now the worlds
great reservoir of capital
By making such investments, Ameri I
cans will also aid the recovery of Eu-
rope from its present disordered state
and will hasten the expansion of Amer
lean commerce and of American indus
try. They will thus promote the pros
perity of the United States. which will
thrive best when its European custom
ers are prosperous. Self interest will
coincide with the general purpose to
promote prospeIity in America and 10