Western news and the Libby times. [volume] (Libby, Mont.) 1920-1933, 1930-10-09

TdiLlGuidFiy tHHuIlunl ~ TUE latl,
usually forgotten, that this nation
consumes 90 per cent Of all IL pro-
iduces. II tomorrow the people of the
United States. consumers and distrib-
utors, should resume their normal
purchasing, instead OF holding buck
In vague, foolish fear. our prosperity
conditions would Immediately become
81 per cent of normal.
Americans now boarding. they kno@
not why, should remember that the
1880 dollar will do almost twice the
buying work of 4 1929 dollar Buy
now, the dollars 1890 value will not
endure.
II Henry Ford's latest prediction
becomes reality, this country will con-
sumo all Ii can produce, and more,
barring. perhaps. superhous food prod
ucts. And IL they can be produced as
cheaply In proportion as our automO-
biles are produced. our farms could
undersell the world. as our automo-
bile and moving picture factories do.
Mr.. Ford predicts minimum pay
for workers of SGT day by 1850. the
tive-day week to be universal, giving
the SIT day man leisure 10 enjoy
his earnings. automobile. radio. etc.
To many that seems preposterous--
almost criminal But not long ago
there WAS only one man In the United
States that could earn dollar q day
the year round. The increase from
one dollar day for one man Gully.
to six dollars a day. and more. for
millions of men. would have seemed
rs impossible" as the increase that
Mr.. Ford suggests from six dollars
to tweniy-seven.
Discovery Ut gold mine contain
Ing two or three billions Of dollars
IN gold would !lp welcome news. tinanc-
Ing the world more strongly on gold
basis.
Discovery OF mine containing
millions Of tons of pure copper would
be OF great value TO Industry, although
Ii might upset stock prices.
But no mineral discovery could be
rs welcome or as important az the
discovery, just announced, OF huge ra-
dunn deposits al Wilherforce, Ontario
These deposits are said 10 be great
err than those owned by Belgium In
the Congo, hitherto greatest Ia the
world.
Germany proposes TO meet the crisis
OF extreme radicalsIn on one hand
and threat OF Fascist leadership on
: the other hY arlinn-
Rigid economy will reduce national
expenditures 10y billion marks.
1t Is even suggested that General
Won Hindenburgs pay be reduced.
with money to loan IA drug In the mar
ket. We seem to lack the energy that
does something, or anything. We are
like a poor old lady. dispossessed
from her prosperity lodgings, weeping
on the sidewalk, not knowing what To
do.
The fiery Hitler reminds you OF the
saying that IL man doesn't 60 too
far he never goes far enough. lie has
gone far enough.
He not only threatens TO lmpeach
Hindenburg but proposes to conquer
Russia, because Germany needs more
territory for expansion"
A large, Bolshevik bear In Moscow
will have something to say about that
George III. Reynolds, head of tht
big Continental Illinois Bank snc
Trust company OF Chicago, ended his
fftieth year In banking with this sen
sible and comforting statement:
Depression don't Kill people
We nre recovering from this depres
sion faster than we appreciate. Their
Ia nothing fundamentally the trouble
with this country. In a few month
the volume Of business will startl
the nation by Its size
One thing write down and remen
Der for future reference. This La tn
time to buy good stocks, II you hav
money to buy and Will not be frigh
ened away from them.
But no time LIS good for gambling
Slmple-minded red men sol
Manhattan Island for S24, not SD