The circle banner. [volume] (Circle, Mont.) 1914-1939, 1924-08-22

NEWS, anu Was QuiChlJ SSCUuuou ".
ago that it had paid out less money
for proven damages than for lea6
pencils Each news department goes
| through a like test experience fol-
each daily issue. The newspaper is q
product of speed, and because il
deals with the human element it can
never obtain the whole story. II
must try to tell the truth, because the
truth builds confidence, and conf
dence measures the power of a news
paper. Errors are costly. Blunders
| are expensive. Falsehood drives
readers away. These statements are
axioms for the publisher.
Power for Good
with comment and news gather
ing to the limit of human endeavor,
the we'll intentioned American news
paper has come to have more influ-
ence than the church. The mother
and the teacher and the newspaper is
the course of education. Citizenship
then arises out of a divided RESPONSE
bility. The mother is the first and
the greatest influence in education.
The school and the newspaper share
the remaining work that there is to
do. Wallace Odell, the retiring presi-
dent of the National Editorial asso-
citation, when he took on the duties of
that office, asked $4,000 editors to
fight for the church, the school and
the flag. This translates into an I'M
varying support of religion, education
and constitutional government. The
we'll conducted weekly newspaper be-
comes community institution and,
generally speaking, radiates more in
fluence than the large daily. The best
public sentiment is made in the coun-
try. More real big Americans have
come from the farm than from any
where else.
Montana Recovering
''The outlook for Montana is most
enticing today. We are about
through with an enforced liquidation,
and we are glad of it. The penalty
has been paid for overborrowing
from 1910 to 1915. Men who thought
they would get rich on the other fell
lows money became land poor. 1t
was not a new experience in the
world. This was simply the first
in Montana. There would have been
no dry summers and cold winter.
That the Almighty took hand in
bringing us to our senses is a sug-
gestion that has not been proved. In |
any event, there was need of a jolt,
and we got it, The damage was
rather tough The lesson will last |
generation. Now our peo-
pie will only borrow what they can
pay. This will be so regardless of
how the banker may feel. And the
banks will cease to do what they new
or should have done-rediscount pa
per upon basis different from dol
lar for dollar. They will make loans
upon the basis of security and moral
integrity. It@will be wise if we cease
to send big chunks of commercial pa
per away at all.
1--WE have met the smiling loan
agent from the east, as well as the
rigid collector 1t will be the part of
wisdom if we let them both stay at
home hereafter while we build up our
OWN financial houses, trust COM
)anies, insurance companies and like
Institutions The foreign loan that
gets scared acts too much like jack
'abbit.
"Did you ever stop to think that
dontana is still possessed of all OF the
'esources it had before 1915? In
Iced there has been additions No ma
ural gifts have been taken away.
The trouble has been the way in
which we have used them. The p1o-
leers did not have as much as we
lave. There was plenty of progress
efore we became reckless.
'sThe material upbuilding OF any
ection or state over period is pretty !
early measured and totaled by the
reduction of new wealth per capita. :
he year is convenient unit OF meas r
rement. Does not this point the
ray? The quantities of profitable
reduction and the use of them en-
BILE a pleasant reckoning with pros
Gritty. This, then, is the way out Tor
Iontana.
Still Pioneering II
s'The pioneer work of the state is
OF finished. There are new oDJec-
ives that can be reached by indlvlnu-
| and organized effort. 1t is not
ifficult to see what they are. me
fetal, coal, oil and lumber output OF
ne state are so largely dependent
pom market and general condltlons
nat we can hardly fix the volume. I