Red Lodge daily news combined with Carbon County news., 1933-05-10
This Week
b. ARTHUR BRIsBANR
London Tells Us
In the Water Now
Inherited Ability
Whose Gold La Itf

Whose Gold La Itr
What little Information. II 1t be-
information. Americans get, con
corning Conversations at Washing
ton between Premier Macdonald
and President Roosevelt, comes from
London.
You are told, 1t seems hard to be,
neve. that the United States will
agree ito a modification of the
gold embargo" President Roosevelt
would hardly allow Engllshmen OF
frenchmen to draw out United
States gold while forbidding Amerl.
cans to have any.
1t is suggested also that the
United States will arrange to tie up
the pound and dollar so that Brit
ain will keep her export trade in
the face of the devaluated American
currency"
Must we have inflated dollars at
home without getting the benefit of
them In trade abroad? That would
be too bad.
Further, you are told there will
be "a general revision of war debts"
and Britain's payment due the Unit
ed States on June Is probably will
not be paid.
Foreign countries have told us
how many ships and what kind of
guns we might have, which of our
new ~battleships we must "junk." II
they are nov to tell us what we
may do with our dollars, while at
the same time escaping payment of
their debts, you will give them
credit for doing a complete job.
Using the language of the old
Midway" Uncle Sam may say, I'm
In the water now"
The house has passed the "infa-
ton BILL" so-called, and those that
spend public money will be able to
say, IL they choose, whats a bill
lion among friends, or ten billions?'
However, there are two kinds of
Imitation, common sense use of the
nations credit with the backing of
its gigantic wealth, and foolish In
fiation, based on reckless spending
and money printing. To the ques-
ton, what do you think of inia.
the answer Is the same as
you would give to the question,
what do you think about drink
1t all depends on how much
you drink.
One thing is certain. Millions
will conclude that the best thing to
do with a dollar is to spend 1t. That
will help business and employment.
And American common sense can
be trusted to use American credit
DR.. Leonard Huxley Is dead at the
age of seventy-two. He was a son
Of Thomas Henry Huxley, the great
biologist, and his death reminds you
that talent really Is Inherited, un-
der favorable conditions. DR.. Leon
ard Huxley was a distinguished ed
Itor, biographer and poet. His two
sons, Julian Huxley and Aldous
Huxley, r both brilliantly success
full men, one as a biologist, the
other as a novelist. The three Hux.
leys who descend from "the great
Huxley" are fortunate In that they
Inherited intelligence without inner
ting a fortune that so often stupe-
6es intelligence.
Our American "great men" OF In.
and finance concentrate on
dollars. Their sons, as a rule, con
rentrate on self-indulgence and
pleasure.
A former United States senator
questions the right of the govern.
ment to make Americans give up
gold. His amount of gold,
only $120 worth, would not upset
any gold basis, but he proposes to
test In court the legality of an or.
der that says to Americans:
"Gold Is too precious a metal for
Americans, and they will kindly
bring it all In"
Most important, prices and pros
oerity are rising. Prices of Nebras-
za farm products, on the farm.
have increased from % to 212 per
tent. Corn, from s cents and less
% cents. Wheat, from 20 cents
10 IS cents. Eggs, from Z to II
cents a dozen. Oats, from 5 to Is
tents a bushel. Hogs, from S2.85
70 $3.50 per hundredweight.
And the best of 1t Is that farmers
will get a large part of the In
creased values. They still hold on
heir farms, unsold, and now In ac-
i've demand, farm products that
have increased In value by more
han $51, 100000.
The announcement that twenty
I've out of twenty-seyen directors
a New York bank ran a pool In
stocks" using their own money and
possibly money belonging TO depos-
49,