, 1922-11-23

VIII guarantee honest, reasonable and
competent service.
In case my services are required be-
fore all new arrangements are COM
pleted, please call me up at Rawlins by
phone at my expense and either my
self or assistant will respond promptly
to your call. Yours Truly,
H. RASMUSSEN.
Phone, week DAVIS, 81; Nights, Sundays
and Holidays, 20.
working of Edison's plan in regard to
coal is interesting.
a coal producer would mine a ton of
coal This he hauls to the nearest
government coal reservoir. The gov
eminent gives him a certificate for one
ton of coal and pays him half of its
value, on the 25-year average basis, in
cash. This enables the producer to
mine coal every day the year around,
practically financing his operations on
the money the government turns over
to him every day.
Now, Il buyer wants 100 tons of hard
coal. He purchases certificates for 100
tons on II open market at the prevail
ing price, which has been determined
by supply and demand, turns these GER
ttlcateS i'll to the government with the
amount of unit none that has been
advanced ON them and the government
delivers 100 tons of hard coal to him
from the nearest reservoir. He. in
turn, delivers this to your house, add
ing Il reasonable charge to his cost for
shipping and hauling.
The result, in general, would be this
A ton of hard coal today costs about
$500 at the mine-a cost wnicn would
be reduced by the steady operation of
mines under the Edison plan. The
average freight charge is about $3.50
Il ton. The actual net cost of coal
should be about $10-which it would
be under the Edison plan. But today
it actually costs about $14 a ton. the
difference being created by interests.
storage charges and speculative profit.
Coal should be stored says Edi-
SON. in concrete reservoirs sunk in
the ground, 1000 feet long. so feet in
width and II feet deep. and kept un-
der water. tBituminous coal deterior-
ates in air.) The mine owners could
II give their men steady employ
ment and produce cheaply. Supplies 10
all would he certain and price varia-
tions less. The storage charges would
be trifllng, and, best OF all, the mine
companies would get onc-haIf of the
value of the coal in unit money with
out interest. to help carry the coal
The Edison plan would be of great
assistance to the farmer. AT present
the farmer sells his wheat because he
must have money to live on. If he
tries to hold it and borrow money for
operation he has to pay an exorbitant
rate of interest. Nine times out of ten
he must sell his product when it is in
marketable form. II Is ordinarily
bought by a Spectator, held in ware
houses for higher prices. and may be
sold back and 10th "a dozen times Mt
n profit each time before it finally
reaches the hand of the manufacturer
who must use it.. Edison's plan en-
ables he farmer to hold his crop by
paying IA small warehouse or storage
charge and without paying any inter-
est whatever. He could live on the 90
per cent money that the government
advances him. and could sell the crop
whenever he thought the market was
right. but must sell a percentage each
month.
There would necessarily be n Ger
tain amount Of speculation. but il
would be in the hands of the farmer.
the actual producer of the material,
and not in the hands of Il non-produc-
tive trader who is watching the board
in some brokerage office. Price fluc-
tuations would be gradually reduced
as forced sales by the producer would
be practically eliminated. As a net re-
suit. the farmer would get more money
for his crop IND the miller would pay
less for his wheat than they do today.
1t Is Of interest to note that when
Edison first began to work out this
problem he said: at seems absurd to
me that all Il values should he based
on boxes Of metal in the treasury.
They are put into vaults. the vaults
are locked. and Immediately everyone
believes that all is well. They are tax
on out and their contents distributed.
and everyone believes that all is wrong.
Sometimes a ton or 80 of the gold
which has been locked up In the treas
ury vaults Is put on II steamer and sent
to Europe. Immediately r~e-shipped
back to New York and business stabil-
ity Is brought to pass. this shuttle-cock
business being kept up because no one
comes out with n plan to stop such
| childish actions