Western news and the Libby times. [volume] (Libby, Mont.) 1920-1933, 1930-11-27
This Week
BY ARTHUR BRIsBANs

L Ills VVCCh
BY ARTHUR BRIsBANs
Technically Sweet
Topsy-Turvy Russia
This Strange World
Mr.. Morgan Knew |
Learn, IL II can give YOU satlsfae-
tion. that conditions in Wall Street
are Technically" much better. That
won't give satisfaction to little people
that we're gambling gaily year ago
When Wall Street gets technically
better 1t means that small accounts
are wiped out. little gamblers are dead
and buried financially and must save
I'm for the next foolishness.
Stocks are in strong hands, which
means that those that put them out
at high price have bought them back
at a low price.
Call money lends at ] per cent,
90 day money lends at per cent.
Everything is charming teen
nically," which ought TO be a lesson
for little men not to gamble. but 1t
will not be.
News that comes from Russia seems
as topsy-turvy as though ii came FROM
Alice in Wonderland
American engineers are developing
asbestos resources in Russia, adding
another surprise concerning Russian
resources generally.
United States. engineers are opef-
ating an asbestos pit two miles WIDE
in a place far off from Moscow and
the other centers. that had 1000
nopulation q short time ago. now has
5000 population. and within TWO
years will yield twice as much as the
worlds total output Of asbestos III
1928. More reason for worrying about
Russian dumping
Mr.. Thomas of the BRITISH labor
cabinet says the worlds trouble Il the
sudden end of great buying power
Four hundred million people in
China, 3OO,OO0.000 in India, 14O.D0,UO
In Russia half the buying population
of the world suddenly stopped buying.
Bovcotting silver, which India and
China use for money, plus civil war
and rebellion. are responsible for part
OF the trouble.
And the United States boycott OF
Russia is responsible for part.
This is an extraordinary world, IN
which too much OF everything, TOO
much wheat, coal, copper, sugar ane
even too much money, mean disaster
IT. ". Lamont Of Morgan and com
pany, reviyes Il story about Juhiu'
Mor~an. father of the late j. Pier
pont Morgan, grandfather OF TO-DAY
head of the firm.
When the late ]. Morgan was yer,
Young. crossing the ocean with M
father, the latter gave him inns au
vice.
"Remember, my son, that any maj
who is bear on the future OIL TN
.,3;lI ef,, hrntyp -
That is as true now as it was hal
century ago, and citizens VIII q
well to remember it.
Railroad men, including the grea
est in the United States, represeh
ing 90 Der cent-of all the railroad
pledged themselves to avoid cutlin
wages or dischargng men and to en-
ploy as many more men as posslpi
This they do in the face or u
creased railroad earnings, an excellel
example to other employers.
The farm board has held up u
price of American wheat by spendii
million dollars day to buy era
and take 1t out Of the market.
Wheat has been selling at VIM
neg and Liverpool as low as - cen
below the American price.
This means that other wheat pF
ducing countries have been changi
their wheat into money, and senui
It where it will be eaten.
Regular airplane travel Is plann
between Chicago and New York
eight and half hours or less. r
That interests railroad men.
Automobile travel also intere
railroads.
-Four young people Ia buffalo
cided to gee the Yale-Prlnceton ga
Mt Princeton, N. ]. They made
trip In one day In small automob
For gas. and oil the cost was 81
Railroad tickets for the four, not
Guiding pullman. would cost S72.
Permitting railroads to incre
their rates would not solve that pl
lem.