The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1922-01-03

The Aristocracy Of Public Ser
vice eclipses the knights. dukes. /
counts. barons. earls. That is
progress.
John n. Clarke. associate jus
tee Of the United States Supreme
Court. urges cancellation Of the
loans Uncle Sam made to the al
hes. Unpaid interest has ncreas-
ed this debt to about $4,000. 4
900. 900. Cancellation is not as
easy a. it sounds. Ii ism merely
. matter Of sentiment. Money
loaned to the allies was raised
largely by selling Liberty Bonds.
When those bonds mature. Uncle
Sam las to pay the buyers full
face value, retiring the bonds.
That would mean $4,000, 900,
600 additional taxation for Amer
leans. to retire our bonds. if the
allied war debts were cancelled.
A movie film that costs 5000
900 to 100000 to produce in
our country can be turned out for
$40. 900 to $4,000 in Germany.
IA Senate committee hears that
from Paul M. Turner of New
York during tariff hearings The
movie people are on the wrong
track. Their logical protection
against foreign competition is to
make better pictures. If compar-
alive production figures are as far
out of line as Turner claims. rails
ing the tariff on imported films,
from 80 per cent to the suggested
90 per cent. would not make any
great deal of difference. Movie
competition is matter of quality
OF product, with production costs
and prices secondary.
/ Japan now has $500 movie
theaters. with American films
most popular. Many of these
i,lms give the Japs the wrong inn
preston of US. But what counts
Is. we lie getting acquainted Nov
les have greater possibilities than
than anything else. for breaking
down frontiers and welding the
world into friends. The movie
My ultimately he the thing the,
viii Kill war by teaching people
that human nature is much tn :
same al over the world, with the
same Lefty problems dogg;ng us
all. Wars are fought betweeu
! strapg- rs, seldom between friends
I'd Connolly. Boston boy. was
aud to skate with the gang
Afraid he d break through the ice
apd drown. So he skated on side
walk 'oe. thought he had discov
cred Safety First-until he slipp-
ed. Now he is in hospital with
a fractured hip. Disaster at skat
ing seemed to be inevitable with
Ed. His instinct told him so
Ever notice. there are certain
events and mishaps you are un.
able to dodge, no matter how
hard you tryo The study of the
inevitable will be taken up BY fu
ture philosophers. Is there IA
talistic force. like magnetism
pulling trouble to some peopl.
and riches and luck to otherso
In Russia prices are $500
times higher than in 1914. saw.
Ekonomicheskaya Zhizn. iha, i.
the name Of Moscow newspaper
not a nicrobe. The situation owe,
there is about the same as if 20,
were paving $4,000 now for Z
dozen eggs IN Daytona. Price.
and money in circulation follow
each other The Soviet has print.
ed about SIX trillions of paper ru-
bles. Its economists say that even
this enormous sum ism t enough
They want to multiply it BY seven
and a half. Think of Russia when
: American prices seem a problem
o.
! Only about a seventh of ali
commodities produced by Amer
ie.,r .aims and factories is shipped
abroad. Or put 1t this way-fo,
eign trade makes up | ) per cent
OF our total commerce. The diff.
ference between boom times and
hard times. however. IS only
about ) per cent. The figures
match Without foreign trade.
business depression would be per
petual, or until we adjusted our
selves to consume everything We
produce. he real trouble right
now is in our home markets. not
IN export markets
Nearly a third o. our total eN
porAs n the last three years was
toOdsi;tt.. E,rhfv three ne, ca,s