Milford chronicle., 1928-05-18


now being followed by Cuba, is not
nearly so likely to work. or course,
the cases are not parallel. Uncle
Sans problem has been merely to
make profitable for American agri-
culture the production Of a commo-
dity of which we grow little and use
much. Cuba's problem is to make
profitable for Cuban agriculture the
production of a commodity of which
Cubans grow much and use little
Minneapolis Journal.
~
Mr.. Coolidge Turns A Phrase
Calvin Coolidge may not be Web
ster in oratory nor Calhoun Ill
rhetoric, but from his tight lips
there springs occasionally a phrase
worth repetition. Speaking before
the Daughters of the American Rev
oIution in Washington on April 16
he observed that eff the people are
to remain politically free they must
be economically free. Their only
hone in that direction is for them to
keep their own business in their own
hands" These sentences are not
dressed for a parade, but they mean
something. They carry the Presi-
dents conviction that the govern
ment must not set itself up in con-
Germs which rightfully belong to
Drivate enterprise, that Washington
must never be turned into the cen
ter of a bureaucracy which NEEDLES
in evervthing from coal mining to
the raising of fancy poultry.
Mr.. Coolidge explained that gov
ernment management of enterprises
did not always make for efficiency or
prosperity. "When business is IN
private hands," he told the militant
Daughters, 'it is expected to be run
for the benefit of the owners. When |
the government steps in, the pur-
chasers, users and benefciaries OF |
what the government undertakes to
supply insist that the concern
should be conducted for their bene-
fit. It does not eliminate seltishness;
it simply transfers it, in part from
the seller to the purchasers. Under
these conditions it ceases to be a
real business, becomes lacking in
enterprise and initiative, and does
not have any motive to provide i'm
proved service.-The Independent.
-
Billions of Pennies
What becomes of the pennies?
Who uses them nowadays, in these
lines of high prices? Why are they
,oined? These questions are asked
frequently by people to whom the
lickel is the least denominator IN
he economic problem. The answer
5 not far to seek. Millions of pen
les are spent daily in the purchase
f newspapers. That is one use to
1hich the little brown coin is put.
md Uncle Sam does a large. busi-
ess in retail stamp selling at one
nd two cents each. But there is an
ther use that calls for an immense
olume of this form of money. Ac-
ording to report just issued by
le General Vending Corporation,
-hich maintains slot machines all
YER the country for the sale of
lewing gum, candy and other small
ackage goods, no less than three
nd a half billion pennies passed
trough it's machines in 1927. 1t is
DIV estimated by the Treasury De-
artment, note is made in this con-
sction, that about 4,721,287, 1900 pen
les are in circulation. Hence, in
ew of the various functions of the
emmy in daily trade, it is obvious
at the same coins pass through
e machine slots more than once
lring the year. 1t would seem,
erefore, that the penny is one OF
e most actively circulating med1-
MS of exchange in this country.
nose who a few years ago protest.
that the placing of the head OF
)raham Lincoln on the penny was
It in keeping with his place in the
arts of the people, may be COM
rted by the assurance which these
ures give that the little Lincoln
in is by no means a negligible
antity of American specie.-Bos-
d Transcript.
AS a comprimise we suggest that
, wet and dry question be left en-
ely with the Weather Bureau.-
lanta Constitution.
80
The man who is looking for trou- 4
seldom requires the services OF
optician.-Boston Transcript.
-
low can Jesse Jones claim the
uston convention will be the
reatest Show on Earth" when
re will not even be an elephant
head the street parade ?-NeW
eans Times-Picayune.
'apers contain news story OF Wo-
n who attempted to drown her
{ but was kept afloat by her
rts. Skirts-in 192S?-Cleveland
in Dealer.
-oliva's theory that the world is
gets some support from the con-
on of certain presidential booms.
an Francisco Chronicle.