The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1920-04-23
Some Observationso Pessin,ist

Many citizens of Phoebe and vicinlxt
showed their Interest in their country
during the war b. investing ali the
money they could afford in LIBERTY
bonds. Many p.nched and sacrificed
and some even borrowed money. but
they bought the bonds.
Today these same bonds are below
par In other words. you cannot get
Tor them as much as you paid. If you
take them to bank or to someone In
the business OF buying bonds. And
many. when they discovered this fact.
became greatly disappointed But the
fact Is. IL Is good thing that at the
present time the bonds are below par.
for II will serve TO prevent many peo-
pie from selling theirs. Man OF good
judgment do not sell goods at a loss.
so II would be bad judgment TO sell
Liberty bonds when they are below
par.
On the other hand wise men buy
goods below their real value from fool
ish men, That Is why you see the big
daily newspapers carrying advertise
ments from men who want to buy Lib
erty bonds. They make money at IL.
So II they can make money by buying
them and holding them. why can't you
make money by holding those you
have? Just think of that when you
are tempted to let go of your bonds.
either for cash or other securities The
fact that the other fellow wants your
bonds Is pretty good evidence that
your bonds are worth more than he
VIII give you for them. They have
been above par. and they will again be
as surely as the sun will come 10 in
the east tomorrow. So do not sell at
a loss. What you lose the other fell
low makes. Hold onto your bonds.
High prices and cheap money-isn't
1t natural we should be worrying at
this time over this pair? As someone
has said. how can we expect anything
else than high prices and cheap money
with popular unrest political uneer-
tainty. international complications
Russia. slack production. shorter
workdays. war reaction. the get-rich-
quick spirit. wildcat speculation and
the change from a war to a peace
basis not yet complete?
1t is to be hoped that there ia no
citizen of Phoebe SO short sighted as
to suppose. however that conditions
In this country are different from what
isn't a nation on the face of the earth
today that isn't suffering from inaa-
tion and unrest. All of them are wit
Messing the steady increase in living
costs because of too much money.
Some time ago the politicians glibly
said that they would reduce the cost
of living by prosecuting the profiteers
1t was predicted at the time that the
Jail doors would not close upon many
OF them-that prices are high because
Of other things than few -prohteers
For. If the profiteers were responsible
for high prices. then high prices would
not be prevailing all over the world
for In some countries there are no
profiteers. Too much money. after all
seems to be the main cause of the
present unrest.
We read in daily paper a few days
ago an article written by college
professor in Columbus. Ohio. in which
he made the statement that he is sure
the farmers of this country are pro-
crossing at faster. rate than ever be-
fore. He said he based this Statement,
on the fact that today quite few of
the farmers Who write to ask about the
college do so on their own letterheads
and the letters are mailed in printed
envelopes that viii insure the letter
being returned to the writer in the
event it is misaddressed or undeliv-
cred
And that Is something for the farm
ers around Phoebe to think about II
printed letterhead. bearing the name
Of your farm, and perhaps the product
OF which you make specially enumer-
ated upon 1t Will, will make an inn
preston upon college professor. why