The Sauk Centre herald., 1930-11-27
THE WORLD TODAY
by ARTHUR BRISBANE
TECHNICALLY SWEET.
TOPSY-TURVY RUSSIA.
THIS STRANGE WORLD.
MIR. MORGAN KNEW.

Learn if it can give you satisfaction, that con-
dtons in Wall Street are Technically much better
That won't give satisfaction 10 little people that were
gambling gaily year ago. When wan S'reeI se.s
"technically" better it means that small accounts
q re wped out little gamblers dead and burleo
financially and must for the next foollshness
Stocks are in strong hands," which means that
those that put them out at hgh price nave oousn'
them back at low price.
Call money lends at 1 per cent, 20 day money
lends at per cent. ,.,
OUGHT TO be lesson for little men not to gamble put
it will not be.
News that comes from Russia seems as topsy,
turvy as though it came from "Alice in Wonderiano
American engineers are developing asbestos re-
sources in Russia adding another surprise concern
ing Russian resources generally
United State engineers operating an asoestoS
nit two miles wide, in place far of from Mosco"
and the other centers, that had 10000 population
short time ago. now has $4,000 population ana WIN.
in two wears will yield twice much as the Woriu
total output of asbestos in 1928 More reason ioA
worrying about Russian dumping
Mr. Thomas of the British labor cabinet says the
worlds trouble is the sudden end OF great ouvil5
power. . 1,; aoo mn noo
IN india 14o 600 in Russia half the buying popu
laton of the world suddenly stopped ouylng'
money, plus civil and rebellion, are responsible
for part of the trouble
And the United States boycott of Russia is re-
sponsible for part
This is an extraordinary world, IN whlcn TOO
much of everything, too much wheat COAL copper
sugar and even too much money mean oisas'ei.
r. w Iamount. of Morgan and company, revives
a story about Junius Morgan, father OF the late j.
Pierpont Morgan, grandfather OF todays neao Oh
the firm. oau
ine the ocean with his father. the latter gave MIN
Remember, my son. that any who is bear
on the future of this country will go broke
That is as true now as it was half century ago
and citizens will do well to remember II.
Railroad men including the greatest in the
I.nited states representing 90 per cent OF all the
railroads pledged themselves to avoid cutting wages
or discharging men and to employ as many more
men as possible.
earnings, an excellent example to other employers.
The farm board has held up the price of Arneri-
can wheat by spending million dollars day 10 Duy
grain ano take it out of the market.
Wheat has been selling at Winnipeg ana Liver
nool as low as 1s cents below the American price.
This means that other wheat producing coun.
tries have been changing their wneaI INTO money al"
sending it where it will be eaten.
Regular airplane travel is planned between Cni
caoo and New York in eight and half hours OF
less.
That interests railroad men,
Automobile travel also interests railroads.
-Four Young people in Buffalo decided to see the
Yale-Princeton game at Princeton, N J. Tney maoe
the trip in one day in small automobile For gas
and oil the cost was $410 Railroad tickets for the
four not including pullman, would cost ST.
Permitting railroads to increase their rates
would not solve that problem.
When Mussolini encounters problem he does
something
italy faces deficit Of $36.450,000.
Mussolini cuts all official salaries IL per cent.
He cuts cabinet members at the top and all the
way down, army and navy officers. school teachers
police clerks.
That would not be popular here. and It isn't
necessary