davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25
CONGRESS PLANNING A PROGRAM OF ECONOMY.
BUT CANNOT AVERT A STAGGERING DEFICIT

fate the currency worse than it
is now.
J The only thing is to carry the
deficit in the form of certificates
to be reduced from time to time
and paid out Of the revenues as
economies can be instituted.
Every department of the gov
eminent is asking for more and
more money. There is no effort
to economic in any of the admin
trative branches They are going
on as though there was no limit
to the power Of the government to
spend money. The people are
looking to have the taxes reduced
certainly not to be increased.
While there was only 1911 .000,-
900 bonded Indebtedness before the
war, with an annual interest of
$4,000 900, we now have a bonded
debt of $4,000. 100000. with an an
nual interest charge Of $1,017,00o.-
600
so II ever there was a time
when every one in the government
and out of the government should
cooperate to put the government
on a better financial basis this is
the time. .... ....-.
while it may be that many
worthy projects should be for
warded, the present financial situa-
ton compels reduction IN appro-
priatians for every activity to the
point 4 parsimony."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25

goods. And so we would make our
dollar constant unit of purchas-
ing power. All fiduciary money
and bank credit would. just as at
present, be redeemable, in the gold
dollar certificates. and hence also in
the stabilized gold dollar
So simple and automatic is the
proposed system that the ordinary
man would be quite unaware of any
change-aS unconscious, in fact, of
the new system as he is now un-
conscious of the operations Of the
present system. Only by some such
remedy, dealing directly with the
monetary aspect of our price prob
lem, can we provide a solution of
the problem. When that solution
is adopted, it will prove to be, 1 be-
lieve. the simplest and most effec-
tive single measure Of financial, So
cial and industrial betterment that
could take place.
The plan has received the atten-
ton of economists. officials and
business men of the world.
A committee of the American
Economic Association, composed of
experts in money and prices, re-
ported the plan to be desirable and
economically feasible. This COM
mittee included DIR. B. M. Anderson.
jr.. now of the National Bank of
Commerce; Prof. E. w. Kemmerer,
Princeton University; Royal. Meek
err. commissioner of labor statis-
tics; Wesley Clair Mitchell. then
professor of economics at Columbia
University; Warren NJ. Parsons of
Harvard University and myself.
A resolution approving the stabi-
liZation idea was adopted unani-
mously by the economic faculties
of the University of Washington.
Washington State College and the
University of Montana, including
altogether seventeen economists.
At the present writing / find, on
consulting my files, forty-two
economists and twenty-eight other
academic professors and university
presidents who have. in some spe-
cific way, expressed approval of the
those already named. Edwin Can
nan of the University of London
+. Y. Edgeworth. Oxford, England
Achille Loria, University of Torino.
Italy; President Arthur T. Hadley of
Yale, Allyn A. Young. ex-president,
American Statistical Association;
President Frank l.. McVey, Univer-
Slty OF kentucky; Joseph French
Johnson, dean of the School of
Commerce, New York University:
J. B. Clark. Columbia University;
Gilbert n. Lewis. University Of CAL
ifornia; Dean Frederick S. Jones
of Yale College. Paul H. Douglas,
University of Washington; c. L.
Stewart. University of Arkansas.
X X r.
Among those who approve Of the
general idea Of sterilization as de-
sirable and feasible are twenty
four prominent bankers, including:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25
TO BEGIN WORK THIS YEAR
RECLAIMING THE ZUYDER ZEE

shallow body of water-the Zuyder
Zee-was formed.
The towns situated on its banks
throve as the merchantmen came into
their ports. But as the ships became
larger and of deeper draft traffic was
diverted to deeper seas, leaving the
once famous towns on the Zuyder's
shores mere fishing villages. which
they are now, while Amsterdam
commerce came to her through a
canal leading direct to the North sea
Gigantic Dixie First Move.
Dr. A. A. Beekman Of The Hague.
who has devoted nearly all his life
to the ideal of retaining the Zuyder
Zee, explained the plans to the As
ISOLATED Press correspondent. He is
now a member of the state council
which will carry out the work.
The first thing to do" said DR.
Beekman. lis to construct a gigantic
dixie to keep out the North sea. This
will be thirty miles long, stretching
from Wieringen to the Tristan coast
where the water ranges in depth from
thirty-three to eleven feet. 1t will
be everywhere sixteen TO seventeen
feet above the sea level. There will
be a double track railway on top of
the dixie. Its construction will take
nine years and its cost, by pre-war es-
Inmates. will be more than $20.000.0 900
Vast Lake for Reservoir.
'The total surface to be reclaimed
is 827 square miles. There will re-
main a lake of 500 square miles which
will act as a reservoir during the
periods when, owing to northwestern
storms. the water of the River Yssel
and of the canals cannot be emptied
into the North sea. The water of the
lake will be let out into the North
sea through FIVE great sluices at the
wieringen end of the dixie.
Most of the land to be reclaimed
now lies thirteen feet beneath the sea
level. Part of il is expected to he
dry within fourteen years. as pump
ing out will begin as soon as the dixie
is completed. The last OF the land ~
expected to be dry within thirty-hve
wears"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25

propriating committees.
The first notable result of this
economy club was seen in the
leanest and slimmest rivers and
harbors bill reported in several
decades. which cut down the es-
Inmates more than $30,000s000 and
left only $12,000,000 of recon-
mended appropriations to carry on
work already in progress.
The fundamental facts on which
this economy campaign is being
conducted by the steering COM
mittee are explained by Repre-
sentative Martin B. Madden of IL
linois. himself a big business man.
who says the country may feel
absolutely certain that the COM
mittee is doing it's work consci-
entiously and relentlessly to meet
the imperative demands for strict
economy.
First. we must remember that
there is an impending deficit of
$3,050. 100000 to be carried over.
Second, the estimated expenses of
the government for the fiscal year
1921 are $4.S64. 100000 Third,
these don't include the 5000. 100000
that will probably be required for
any bonus to be paid to govern
ment employees, nor 5000, 900 for
road construction, nor any provi-
sions for payments to settle up tho
railroad business-and these un-
listed but probable expenditures
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25

il would incorporate the index num-
her adjustment In the dollar itself.
The dollar is now, by definition.
o5.S grains of gold $40 fine or 1872
grains of pure gold. If we will
divest ourselves of our preJudices
about money, we will realize that,
on the face of it. this fixed weight
of gold could not have a liked pur-
chasing power. The dollar as a
standard of value for time contracts
is therefore a snare and delusion.
The fluctuations which have taken
place are just what could have been
expected. 1t is the purchasing
power of the dollar which we care
about, however. Let us. therefore.
give up the fixed weight fetch, and,
by varying the amount OF gold
which the dollar certificate repre-
sents, stabilize the exchange value
or purcha sing power of the dollar.
In other words. let US add few
grains Gin proportion to the rise in
the index number) when the pur-
chasing power of the dollar is be-
low par ti e., when prices are high)
and subtract a few grains of gold
when the index number shows the
purchasing power Of the dollar to be
above par q. e.. when prices are
low.
OF course. it would not be pos
sible literally to chip off or add on
gold to the coin dollar. We could
not turn in all gold coins every
month or two to have them correct
ed; neither could we carry gold
coins of various weights in our
pockets. But. as a matter Of fact.
we do not carry gold coins in our
90 MOI
certificates, representing certain
quantity of gold which is, by defini-
ton. the dollar.
For example, suppose the plan
had been inaugurated last month
and the index number for that
month selected as the par or basic
price level. Suppose further that
the index number this month is 1O1.
or l per cent above par. This would
be the. signal and authorization for
the Treasury Department to in
crease by l per cent the weight of
bullion for which a dollar certificate
would be issued. If this increase
in weight is sufficient to compen-
safe for the lost purchasing power
of the original weight of the bullion
dollar, then the index number of the
next month will return to par. If
the adjustment is not sufficient.
thSh thc neat iloiitH 3 muck HuHi-
Der, remaining above par, will indi-
cate the need of further weighing
of the dollar. We cannot tell in
advance whether the adjustment
will be just sufficient to bring the
index number back to par or not;
but if not. the following months
index number will always tell the
tale.
Thus by continually varying the
weight of the dollar in accordance
with the ups and downs in it's pur-
chasing power, we can keep it con-
slant in it's exchange value for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25

will amount to at least another
$1,000, 5000
so it is fair to say that in all
the appropriations for 1921 will
climb to $4,000, 900. 900. which. add
ed to the $1,000, 900. 900 deficit. puts
us facing at least $4,000 100000 in
the fiscal year 1921.
The estimated revenues are
about $6.0OO,OOO.000. but these in
clude about $500.000.00o supposed
to be received from the grain cor
poration and other salvage--which
are not likely to be received. This
reduces the probable income to
something like $5,300.000,000.
This would leave $1,000, 100000
as deficit at the end of the next
fiscal year. Now the estimated ex-
penses do not include any probable
legislation that may be enacted
for the exservice men, which
would mean at least another ST.
000.000.000.
80 a $4,000, 900, 900 deficit is in
sight. The only remedy that can
be applied to the reduction OF that
deficit Is a course of strict econ
omy. No matter how rigid the
economy it cannot reduce the es-
timated expenditures more than
s1,250,0o0.000., We can't increase
the taxes because they are already
higher than the people believe they
should be. We should not issue
bonds and thus dangerously in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25

TINE republican Legislative
steering committee mas
during the past week been
meeting twice daily in the
Office of Speaker Gillett with two
principal objects in view-to speed
up the legislative machinery SO
that the House will be ready LOT
adjournment by June D, ana 10
develop a program that Will ne
helpful TO the party in the coH-
ing elections
The subject Of what, II any,
measure will be urged as bonus
or reward for the soldiers Is one
that is causing the committee ueep
concern. and about which the IN.
dividual members are unwilling "
talk. The pressure is so strons
that it is probable that some ac-
ton will be forced, although there
is strong opposition within tns
committee because then it woulu
be inevitable that a new bono IS
cue would have to be floated:
Economy is the watchworo OF
the steering committee, and IN
strict adherence to that. and IN
defermi nation to hold down on al
appropriations that would IN
crease the necessity for a bona Is
sue. with resultant danger through
imitation OF the currency. the steer
ing committee has been calins
INTO conference the various ap-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25

Congress is getting ready to abolish
tho subtreasuries on the principle that
that they are Il NTH wheel on the
financial vehicle.
The Treasury Department has been
- work on bill which, it was eX-
l.cted would be sent to Congress be-
Iore this. and special committee
from the Treasury has been studying
the best disposition of the work now
carried along by the nine subtreas-
Uri.s.
Meanwhile. the House committee on
banking and currency has pending
bin of it's own, which was introduced
" Representative William H. Hill
republican of New York. If the
treasury Department doesn't make
the recommendation pretty soon. the
House committee will act of its own
initiative in urging the Hill bill for
~ ssaSc.
The House committee recoS nlZes
that the Subtreas urics did CONSIDER
all. valuable service during the war.
livery possible facility was used in
floating the liberty bonds. In these
peace days however. those in charge
= financial legislation feel that the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25
WHO IRVING FISHER IS.

his feld ~
corlds political economists
1898 the
the diversity Of the services he has
Natural
Ma
Reference
BOARD Life National
and national
scientific and sociological
articles
toith subject
nmon0 the king mem O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25

. HE actual putting into opera
ton of the peace of Paris. to
combine the several agreements
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-25
MORE SCOUT CRUISERS
NEED OF u. S. FLEET
Caucus Declares They Are an Essential
Type - Much Utilized by English
Navy-Factor In North Sea.

ME composition of fleet in
types of ships will reflect the
past opinions OF naval men,
II is impossible for this to he
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-15
WHY NOT 4 CITY FLAC2

It's pity our valued friend who wrote Sunday 10 The
l West Vugnian or the purpose Of calling attention .
The absence Of the state flag from the Elks procession CT
that day did not notice that city flag also was missing
Some months ago The West Virginian, feeling that
Fairmon had risen 10 municipal dignity which warranted
The adoption Of city standard, conducted popular con-
lest and out Of large number submitted very beautiful
dgndcd and appropriate design for city flag was selected
One Of the conditions Of the contest was that the ey
flag should harmonic with tie state flag 50 that 1t could
be made use Of together with the state and national flags
in decorations. In hat respect the design accepted was
particularly fortunate. The three flags would make
wonderfully striking stand Of coors for such parade as
that held Sunday, but somehow or other the city govern,
ment has not deemed the matter Of municipal standard
worthy Of attention.
That rather remarkable, when you come to think OF Il
The stock excuse for not doing things at city hall that
the city has no money 1t would not cost the taxpayers
single cent to have municipal flag adopted. and would
on numerous occasions afford them great deal Of salts
faction and always be source Of pride.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-15

Is llcIzinIey mai Z tkeii. n2lnSi VIC
Z elected Win bring back TO tie White
House The cordial human spirit q
Mckinley. z:
But apart from the merits Of Sen.
ator Harding he vas the best selee.
lion Of the convention for the reason
that be should be able to redeem Ohio
to the Republican party. Examined
! with regard 10 both strategy and the
qualifications Of the candidate the Re.
publican convention has shown clear
thinking and sound acting. Their,
were many very good men under CON
sheraton, but taking into account
geographical location as well as the
man himself II Is clear that the CON
vention did q fine piece Of work in
fixing upon Senator Harding for the
Presidency.
Governor Calvin Coolidge Of Massa-
chusetts Is a fitting running mate for
Senator Harding. He has come tt
occupy a big place with right think.
Ing. sound living Americans. In theh
eyes he has taken on something OF
the character Of Abraham Lincoln
and this makes him an outstanding
man in these days Of high pressure
living and high speed acting.
There Is no man in public life with
deeper regard for old fashioned
honesty. and for conscientious per.
Torrance Of public and private trust
than Governor Coolidge. He would
make a good man at the head Of the
ticket: he will make a good man In
second place. He Is, In fact, a good
man wherever placed, because he has
In him the right stuff.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-15

4. II; ss.'y move Ne nd moi neslsy
sspl6asd 81 Es i s Isssiae sndet N9eh hs i've
al sny d t6sild saveIy ever dr'lsed Attempted
AusItI:a 4 iheoy lie yesy andheas Of thet AZ d
fSst s. Pieue Jos.ph Poudhou. the Frenehnan who i
Srediied With having conceived the theog, each penon
,,d.r anatehsm produces what he pleases and consumes
IS he peass what he produces free Ou any regulation
Or interference. After their experience with Lenine and
T,0ny he Russian people al. quite likely to take to
such doctrine Of government like thirsty man takes to
cool drink.
AsProudhon thought Of anarchsm probably was com.
muisn on small scale in which, as one winter has put it.
good manners rather than law the restraining prnepe
In tia, primitive form i, might 80 long wsy N country
like Russia But h. devil has been having long nnns
in Russia Centuries long. And while the Cars were grind
ing down the simp. minded and kindly disposed peopl:
Of Russia with their Cosacks and secret police some Of
the more mentally energetic Russians were Spreading
form Of anarchim which came to be known as nlhlm
This doctrine Of black despair which holds mat eond'
tons in the social fabric are bad as to warrant the "pne
out Of civilization Itself.
Nhlsm was word to eonjjure with almost anywhere
on the continent Of Europe during the last quarter Of thu
Nineteenth century; but the force Of gradually dsap
pcared as the Russian people began to WIN Their night TO-
political liberty. Its 10 be hoped that in the SWING ava,
from soviet communism they will not retun to 1t in thai
gea, country which has already been bed white and ha
reached the point where there little vitality LETT WITT
which to resist such an evil thing.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-15
Editorial Comment
on Current Subjects
AND COOLIDGE AN Elk.
ceorIoNALLY STRONG TEAM.


From the New York Sun and Herald.
In the nomination Of Warren G.
Harding, United States Senator from
Ohio, as It's candidate for the Presi.
dency. the Republican party has done
he wisest thing It could have done.
Senator Harding is the exempliiica'
ton OF the best type Of Americanism.
He comes from New England and
Ohio stock and Is a fine example Of
The American who has started at the
foot OF the ladder and climbed, hand
over hand, unaided, to the topmost
round.
Senator Harding halls from the
small town OF Marion, Ohio, where
his lie activities In journalist, own.
ership journalism, for he Is the owner
Of his newspaper, brought him favor
ably before the people Of his state,
with the result that after successive
stages OF advancement be was sent by
them to the United States Senate.
In this body he has borne himself With
splendid dignity and In respect Of
ability has always given q good &C
count OF himself.
In personal appearance Senator
Harding Is a superb specimen Of the
American man. He Is tall, six feet
and more. has a powerful frame and
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-15
LETTERS TO
THE EDITOR
A PROTEST FILED.

FAIRMoNT, June 15.-[Editor The
West virginian.l in today's Fair
mont Times appears a lengthy adver-
tisement Of q southwestern oil propo-
sition, under the signature OF one
Anthony Bowen. In this advertise
ment Mr.. Bowen says regarding his
headquarters for explanation OF his
proposition: "Will be In the office OF
A. j. Kern, City Building, Fairmont,
where | will be glad to meet those In
terested and make further explana'
ton If desirable l cannot imagine
the effrontery Of man who will at
tempt TO make use Of city property
for the promotion Of such an ente:'
prise, nor can | understand the att
tued Of man who will permit an Of,
flee in the City building 70 be used
10 uazy1lo 3 sy 'esod1nd . qons IoJ
Fairmont | protest against such .
prostitution OF the property owned and
maintained by the people Of Fatrmolt.
II Mr.. Bowen wishes TO present MI
proposition to the public, let him rent
an office, like any seli.respecttng pro.
rio:er, and not attempt to sponge
OF the people OF Fairmont.
Mr.. Bowen does not state whether
be has complied With the AueSky
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-15
TUESDAY EVENING, JUNE Is. 1920.
PAN Is no evil, unless il conquus us.-Knesley.
HARDlNc,s ALL RIGHT.

II EMocRATIc newspapers are sure the Republican
n convention made great mistake in naming Warren
c. Harding for president They concedc that Harding
respectable, but they pretend to be very much depressed
because one Of them put it he has never been leader
|, Of men or director Of policies.
Now perhaps natural that even Republicans should
be surprised that man Of Hardngs type should emerge
as the nominee from all that uppar that great parade Of
osentaiony worn qualifications and virtues, which mark
ed the convention at Chicago but there no reason why
anyone should even mildly be depressed over the reaction
which it has had upon the Democratic papers II part
Of their business to be dissatisfied with the standard bearer
Of the Republican party, and if the worst that they can
say about him that he not the leader Of men that some
Of those he took the nomination away from claimed to be-
Republicans ought to be pretty well satisfied over the work
of the convention.
As matter Of fact the Republicans are very well pleased
with what happened at Chicago And that one Of the
best signs that the outcome Of The deliberations was for
tunate. Hardinss nomination makes possible united
party and united party all that viii be necessary for
success in Ibis campaign
As for he fact that Harding has not been striking
national figure in the sense that Roosevelt, or Wood, or
even johnson have been, that really point in his favor
instead Of against him We have had little too much
driving from the White house. With the exception Of the
TAFT mterude has been going on almost continuously for
20 years. Republicans who damn Wilson up hill and
down dale for his usupato and his assumption Of duties
and authorizes that are not in keeping with the spirit Of
republican form Of government forget that the same thing
went on in much the same way during the Roosevelt ad-
mnistaion. A president willing 10 attend to his own
business would have been welcomed warmly by the coun-
Try at many times during the two decades that are now
drawing to close Taft it's s after one or two feeble,
and IN the nam unsuccessful efforts in that direction did not
attempt to interfere with the legislative department but his
trouble was that he was not dlgen enough in his own
proper sphere. He erred in the opposite direction
Harding, if he continues to nun true to his old form
after his election promises ahappy mean between the
two extremes. And there never was time IN the history
Of the country when man Of that precise type was more
needed as chief executive Of the naton.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-06-15
NERVLAX brings
BACK HEALTH 70
PENNSY BRAKEMAN
A. [. Fellers, Martinsburg,
W. Va, Says Nerylax
Made New Man Of
Him.

81 think Nervlax is the best medi-
cine I've ever taken and I'm pretty
sure III be a well man again" writes
A. L. Fellers. 400 N. Center street.
Martinsburg, W. Va, who for the past
II years has been employed as a
brakeman on the Pennsylvania rail-
road. II suffered with stomach trou'
BILE, and gas on my stomach. consti'
patton, nervousness and indigestion.
/ have taken one bottle OF Nervlax and
my condition is much improved-l
feel much better than have for some
time-my appetite is good, sleep
well and my nervousness Is better. 4
have bought another bottle and In
tend to keep up the treatment. ! glad.
" recommend Nervlax to my friends
A. L. FELLERS,
400 n. Center Ave.
Martinsburg, ". Va.
Nerylax is on sale at Cranes Drug
Store.