The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1922-05-12
ADDRESS BY MACINTOSH

AnohohSioi 40. Iouic DdCShCi, WI D
Earl Fendre. Miss Minnie Parker
and Mrs. F. H. Gregg. Miss Bonita
Johnson acted as accompanist The
success Of the singing Of these la
dies was strongly evidenced by the
repeated encores received.
Spoke For Dairy Cow.
c. W. Fisher, one of the Mankatc
clothiers, delivered the address OF
welcome. After telling the many
visitors from the surrounding towns
to make themselves at home in
Mankato. the Hub" of Southern
Minnesota, the speaker launched in
to a discussion of the importance OF
the dairy industry in this particular
section of Minnesota. The speaker
, said that he wished to leave one
thought with the audience. and
that was that the most important
the dair COW. He hoped that the
the dairy COW. He hoped that the
every community. He dwelt at
some length on the recent action of
the Blue Earth county bankers in
deciding to back up a movement for
the purpose Of grade cows and pure
bred sires. He would sooner see
the dairy industry pushed in this
section of the state than to see a
large steel works established here,
for it means more money to this
agricultural district,
H. c. Hotalng of Mapleton, presi-
dent OF the Southern Minnesota
Credit association, replied to the
address of welcome. He said that
it was always a pleasure for him TO
return to Mankato, the home of his
boyhood. Mr.. Hotaling referred to
the action OF the Madela merchants,
in accepting corn for cash at that
town. thereby spreading their fame
broadcast
The speaker suggested that a
flying squadron be formed from
among the members of the Credit
association to hold meetings In the
different towns in which the associa-
ton exists. so as to spread the gos-
pei Of honesty in advertising, and
CO operation along the lines of mer-
chandising.
In conclusion Mr.. Hotaling heartily
endorsed the stand of Mr.. Fisher in
regard 10 the promotion Of the dairy
industry.
]. c. NARROW, one of the pro-
prietors of the Markato Helstein
farm, announced the date Of the
state Holstein meeting at this city
for May %, "a and 25. Five pure
bred Holstein calves, he announced,
would be given away absolutely
free at that meeting by the Blue
Earth County Holstein Breeders as
sociation. Owatonna, and Detroit
are coming to the meeting in large
numbers and will try and land the
next years state meeting. Amboy
and Good Thunder will be here in
large numbers accompanied by their
bands.
Edward V. Nyquist entertained
the audience by a number Of Swed-
lsh dialect Rotations delivered in
manner. He received several en-
cores and graciously responded
Fred McCargur of Montevideo,
who had accompanied a delegation
to Mankato to take Mr.. Macintosh
to that city to speak today, spoke
briefly on the bargain day success
Of his town. Merchants had real
liZed large sums from these bargain
days. In closing the speaker said
that he wished to announce that
Montevedio will be here in full
force during the state HoIstein
meeting and will put up a scrap for
the state meeting IN that city next
year
Rev. Ralph Jensen of the First
Baptist church of this city, and
chairman of the steering commit
tee of the Mankato Civic and Com
MERGE association, introduced Mr..
Macintosh. The speaker admitted
Using. but there was one thing that
clersynaen can heartily agree with
in advertising as advocated by Mr..
Macintosh
Eye shall know the truth, and the
truth shall make We free"
Truth in advertising the speaker
said can not help but bring good re
suits 1t will establish confidence
between the merchant and his custo-
mers. 1t will promote understand
| ing. Owing to the fact that truth
Is mighty and shall prevail, Rev.
Jensen predicted great results from
that form of advertising.
Mr.. Macintosh spoke in part:
There never was a time in the
commercial history Of the United
States when it was so urgent that
we business people get together
and discuss business conditions
thoroughly and carefully. We have
got to learn to do business today
on an entirely different basis than
for. the past quarter Of . century;
and for another quarter of cen
business upon this new basis.
Colonel Ayres. the government
statistician who founded the stats
teal department for the American
Exreditionary Force over in France
and then came back to Washington
and investigated price figures run :.
ming back more than a. century, has
prepared a very interesting chart
which shows us that the extreme
peak of high prices over which we
have just passed Is nothing new
in the history Of, our country. We
have heard people talking. as il
this last burden of high prices were
something absolutely unparalleled in
the history of this country while it
has happened precisely three times
the same way. Three times, prices
have gone up ESQ percent, above the
starting point: The first time, at
ter SLOW and steady climb Of thir-
1872. The war 81 1872 accelerated
the climb of high prices so mucn
that they toppled over and started
down. Then for twenty, i've or
thirty years that downward path
continued until the bottom of the
valley was reached Once more
prices started slowly to climb until
after a quarter Of a century the
war of 1851 1864 accelerated the
prices and toppled them over. Again
they started downward and Kept
going down for a period of twenty
Ave years when once more they
started up for twenty five or thirty