anaheim-gazette 1920-09-30

OUR GOLD PROBLEM The love of gold is one of the strongest instincts implanted in the human breast. In individual instances it has often proven stronger than love of home or country. This is illogical because of gold, itself, can in no way sustain life; however, the instinct is universal and undying. Civilization has recognized the above fact and resulting therefrom are the present-day, well-defined methods of carrying on the business of the world. The foundation and the arch and the keystone of all business is credit. The unit of credit is called the dollar, and the dollar represents a specified number of grains of pure gold. As a matter of convenience arrangements have been perfected whereby a man or a nation may transfer these units of credit without actually handling the gold which they represent. These arrangements are based on confidence that such gold does exist, but as we all know, when that confidence is shaken it can only be restored by physical contact with the precious metal itself. The business of the world is growing, requiring more and more gold from year to year, for monetary purposes. Gold is annually removed from the supply on hand for use as a commodity—in industry, and in the arts and sciences. Comparatively large amounts of gold are lost each year; in handling, by abrasion, and by being buried or hidden, and forgotten. To properly maintain the equilibrium new gold must continually be produced. Mines must operate. Men must explore unknown regions and prospect in untried fields in the search for new ore deposits which may be The McFadden Bill, or some similar means of assisting in the restoration of our gold output, should have the active support of everyone—not as a philanthropic proposition, but from a cold blooded selfish standpoint. The gold reserve of the United States has reached the danger mark. What will happen if the time comes when the greenback is no longer redeemable, on demand, in gold coin? Constructive action in a matter such as this is quickly taken by Congress if public opinion is loud in its demands. If the people of the Nation remain disinterested Congress naturally is inclined to turn its attention to other affairs. The State Mining Bureau is of the opinion that the "gold question" is vitally important. Such a small proportion of the total population is advised of the true situation that nothing has been done to avert the disaster which threatens. This means is taken with a view of assisting in the dissemination of the facts in the case. California should be foremost in supporting any honest and patriotic measure of relieving the gold situation, as California would suffer with the rest of the Nation, should the gold reserve sink too low; and second on her account particularly through the wiping out of an industry which has brought wealth and happiness to so many thousands of her citizens. Think gold! Talk gold! Write to your Congressman and tell him you expect him to do his part to get "action" when Congress convenes in December, and you expect to watch the movements he may take with great interest. PLETCHER HAMILTON State Mineralogist. He declares that some $5,000,000 lying idle in the They represent both market and not vestors, but who forced to absorb that the retentive volume of undigging the banks is common of the normal sources of the data that the reason not been taken that they carry is not competitiveiments in the bank has caused the deprices. 'Sound sense business,' 'demand that tha e earliest oppose. As a means to recommends that war debt infuse those now financial experts the interest rate not exceed 5 per cent should be spread years. If that w bonds would be with other issues held by the bank and the industry would feel the bous increase in Victory notes $4,000,000,000 for Congress must plan for them. Theunity to make rest of the nation only will the aid by Mr. Lawrie refund to a high additional economic if the new issue Gold is annually removed from the supply on hand for use as a commodity—in industry, and in the arts and sciences. Comparatively large amounts of gold are lost each year; in handling, by abrasion, and by being buried or hidden, and forgotten. To properly maintain the equilibrium new gold must continually be produced. Mines must operate. Men must explore unknown regions and prospect in untried fields in the search for new ore deposits which may be utilized when the old mines become "worked out." The hunting for gold and the operation of mines has been in progress since the dawn of history. To such an extent has this work been carried on that few areas of the Earth's surface remain unexplored today. The gold output of the present and future will be but little augmented by discoveries of thousand dollar nuggets, or the working of rich superficial deposits. More and more will the winning of new gold depend upon scientific knowledge of chemistry and metallurgy, upon engineering skill and energy, and hard work. At the present time in California we are carefully going over the ground by the Argonauts of '49, and extracting gold from ores comparatively low in their content of that metal. All this is normal and natural. A condition has arisen, however, which is not normal nor natural. It has descended like a plague and cast a blight on the gold mining industry of the entire state. It has attacked gold mining and gold mining alone. Communities in the mining regions of California are being deserted—this fact is being positively proven by returns from the 1920 census. Mines which have produced millions and which should produce millions more are being shut down and allowed to cave in, and fill with water; mills and reduction plants worth a King's ransom are left to the mercy of the elements. In Calaveras Co. the total number of stamps dropping in March 1914, was 494. Today only 40 stamps are in operation. In Tuolumne Co. there were 300 stamps in commission in April 1914. Today not one mill is throughout the entire State. The reason is simply described; costs of equipment, supplies, labor and living have more than doubled; the selling price of gold remains where it always has been fixed by law. Other industries solve the problem by raising the price of their product to that commensurate with operating costs. Hasty marigages were scored Tuesday by Judge West, who cited them as one of the most frequent causes for divorce. As a remedy he favors an announcement o. marriage ten days before the ceremony and making the divorce laws more stringent. "The divorce evil is growing," said Judge West, who has been on the superior bench for eighteen years in Orange county and has been returned for another six year term. "I have decided as many as 1200 divorces in the past 18 years. Fully 95 per cent of these have been granted and 90 per cent of those granted have not been contested in any manner whatever. And the number has been increasing each year." Judge West favors a uniform divorce law for every state in the union and a compulsory medical examination by a reputable physician for both parties planning to take the marriage vow. "The lightness with which the marriage vow is taken, and back of it all no comprehension of the great responsibility that marriage entails, causes most of the divorces," said Judge West. "Million-Dollar ideas on a hundred-dollar income, without thought of the future, lead to the divorce courts because spending more than is being made leads to discontent and strife between the couple. Who blame each other for the amount being spent. "I am not opposed to divorce, but with the announcement of the marriage, with a uniform divorce law and the compulsory medical examination before the marriage, I am of the opinion that divorces could be lessened fifty per cent." The present state law makes it necessary for a divorce applicant to have had a year's residence in California. Ninety days of this period must have been spent in the county. The applicant must be a bona fide resident of the state and county where happiness to so many thousands of her citizens. Think gold! Talk gold! Write to your Congressman and tell him you expect him to do his part to get "action" when Congress convenes in December, and you expect to watch the movements he may take with great interest. FLETCHER HAMILTON State Mineralogist. JUDGE SCORES HASTY MARRIAGE Hasty marigages were scored Tuesday by Judge West, who cited them as one of the most frequent causes for divorce. As a remedy he favors an announcement o. marriage ten days before the ceremony and making the divorce laws more stringent. "The divorce evil is growing," said Judge West, who has been on the superior bench for eighteen years in Orange county and has been returned for another six year term. "I have decided as many as 1200 divorces in the past 18 years. Fully 95 per cent of these have been granted and 90 per cent of those granted have not been contested in any manner whatever. And the number has been increasing each year." Judge West favors a uniform divorce law for every state in the union and a compulsory medical examination by a reputable physician for both parties planning to take the marriage vow. "The lightness with which the marriage vow is taken, and back of it all no comprehension of the great responsibility that marriage entails, causes most of the divorces," said Judge West. "Million-Dollar ideas on a hundred-dollar income, without thought of the future, lead to the divorce courts because spending more than is being made leads to discontent and strife between the couple. Who blame each other for the amount being spent." "I am not opposed to divorce, but with the announcement of the marriage, with a uniform divorce law and the compulsory medical examination before the marriage, I am of the opinion that divorces could be lessened fifty per cent." The present state law makes it necessary for a divorce applicant to have had a year's residence in California. Ninety days of this period must have been spent in the county. The applicant must be a bona fide resident of the state and county where happiness to so many thousands of her citizens. Victory notes $4,000,000,000 for Congress must plan for them. Theunity to make rest of the nation only willthe s by Mr. Lawrie refund to a high additional economy if the new issue serial bonds, are retired each year which they run. It has been bondmen that save the most economic point of the State of Massachusetts law that all men the future shall issues, and cities in Canada policies. During Fourth Liberty date, former Seattleachusetts urgently demonstrating howthe economies antiquated since Senator Harper Presidency, will course he choose value of Liberty It is apparent hand for him gestation in his A discussion time is valuable attention to their place huge losses s holders. MAINTAIN Where are at present stand — industry financially, ec Figures work figure. So let's do a little philipio of the Civil national weather 000. We estimate 000,000,000. Doesn't look danger of beacon We are by fire in the whole England ap 1914, was 494. Today only 40 stamps are in operation. In Tuolumne Co. there were 300 stamps in commission in April 1914. Today not one mill is throughout the entire State. The reason is simply described; costs of equipment, supplies, labor and living have more than doubled; the selling price of gold remains where it always has been fixed by law. Other industries solve the problem by raising the price of their product to that commensurate with operating costs. The gold miner, alone of oil men, can take no such action, as he is being forced to the wall. If gold were a non-essential product there might be little need for thought upon this subject, but gold, as has already been stated, is more essential than any other one thing, for the maintenance of the business structure of civilization. A means of relief has been found. The plan was embodied in the "McFadden Bill" introduced, but not acted upon, at the last session of Congress. This plan provides that an excise tax of $10 per ounce be placed upon manufactured gold in order that the gold producer may receive from the excise so collected, a premium of $10 an ounce for newly produced gold. More gold is now being used as a commodity than is being produced today. This would in no way effect our monetary system, and it would give the miner a fighting chance to continue operations on more or less of an equal footing with other industries. California's average annual gold production for the decade previous to 1917 was $20,000,000—25 to 30 per cent of the output of the entire United States. This dropped to $17,335,100 in 1919 and the outlook for 1920 is most discouraging, production will be about $15,000,000. with the announcement of the marriage, with a uniform divorce law and the compulsory medical examination before the marriage, I am of the opinion that divorces could be lessened fifty per cent." The present state law makes it necessary for a divorce applicant to have had a year's residence in California. Ninety days of this period must have been spent in the county. The applicant must be a bona fide resident of the state and county where the divorce is filed before the final decree can be granted. After the divorce complaint is filed, notice is served on the other party, who must answer or make default. The judge then either denies the divorce or grants an interlocutory decree, which is declared final after one year has elapsed. IDLE WAR BONDS TOTAL $5,000,000,000 Economists and the public generally are evincing a lively interest in that paragraph of Senator Harding's speech of acceptance in which he declared it to be the duty of the Government to make 'its Liberty and Victory bonds worth all that its patriotic citizens paid in purchasing them.' Inasmuch as there are outstanding at the present time approximately $20,000,000,000 worth of those securities, estimated to be in the hands of about 10,000,000 of our citizens, it is apparent that any suggestions to restore the $2,000,000,000 of sales value they have lost through depreciation of the market commands the immediate attention of a vast number of people. One of the most recent authorities to discuss the matter is Mr. H. N. Lawrie, an economist of Washington. ANAHEIM GAZETTE He declares that at the present time some $5,000,000,000 of war bonds are lying idle in the banks of the country. They represent bonds placed upon the market and not actually sold to investors, but which the banks were forced to absorb. Mr. Lawrie estimates that the retention of such a large volume of undigested war paper in the banks is consuming fifty per cent of the normal potential banking resources of the country.* He contends that the reason why the bonds have not been taken up by the public is that they carry an interest rate that is not competitive with other investments in the bond market, and that has caused the decline of their market prices. 'Sound economics and common sense business,' declares Mr. Lawrie, 'demand that the evil be rectified at the earliest opportunity.' As a means to that end, Mr. Lawrie recommends the early refunding of the war debt into bonds exchangeable for those now held. He asserts that financial experts are of the belief that the interest rate of the new issue would not exceed 5 per cent, and that they should be spread over a period of fifty years. If that were done, says he, war bonds would be on a competitive basis with other issues, the huge amount now held by the banks would be moved, and the industry of the entire country would feel the benefit of the tremendous increase in banking resources. Victory notes to the amount of over $4,000,000,000 fall due in 1923, and Congress must provide a refunding plan for them. Then will be the opportunity to make provision also for the rest of the national war debt. Not only will the advantages enumerated by Mr. Lawrie be gained by a general refund to a higher rate bond, but additional economies can be effected if the new issue takes the form of can't lengthen our bank rolls by shortening our work day. These things can't be done. We're all right; but if we would stay right we must stay right on the job. FERTILIZER DEALERS APPROVE ANALYSIS BASIS Farm Bureau Committee Reports To County Directors. The Farm Bureau Directors invited a number of fertilizer dealers of the County to hear the report of the Farm Bureau Fertilizer Committee at their monthly meeting last Friday. Dr. S. S. Twombly, director from Fullerton, and chairman of the committee, submitted the following recommendations in view of the large amount of questionable material sold to growers as fertilizers. 1. That in view of the large amount of questionable material sold to growers as fertilizer, barnyard manures should be sold on analysis basis. 2. Analysis is the only fair basis for determining true value of a fertilizer whether commercial or barnyard. 3. The trade and consumer appreciate the need for a change to better methods of determining values, but are slow to putting new and better methods into practice. Therefore, a vigorous campaign of education should be started through the Farm Bureau Centers and citrus exchanges for adopting the new system. 4. Growers should pool their orders through their associations of farm centers so as to (a) obtain lower prices. (b) warrant their demand for analyses as basis of payment. 5. A fertilizer inspector should be maintained by the county as assist- shiftlessness. A wholesale merchant took a liking to him (probably the merchant himself had been a worth-less boy) and gave him a job at $6 a week. Today he is a traveling salesman earning $6,000 a year. In July last he sold more goods than any other salesman employed by the firm ever sold in a similar length of time. He is reliable, industrious, sober, has a wife and baby and is bound to become a capitalist unless his career is checked. Why not put him in jail now and keep him there and thus prevent the unhappiness he will cause if permitted to keep up his present pace fifteen or twenty years. STATE HEADLIGHT LAW Motorists who want to know just what they can and cannot do to conform with the state headlight law so as not to be arrested in the gigantic state-wide campaign to eliminate headlight glares, are answered as follows by the legal department of the Automobile Club of Southern California: To conform with the law, you must: 1. Use an approved glare-controlling device. 2. This device must be used in conjunction with a candle power light bulb not in excess of that permitted with the device. 3. Before putting on the device, adjust the lamps according to the instructions issued by the state examining board on the matter. 4. Spotlights must be firmly "anchored," so they cannot be moved by the driver, and the rays, at 100 feet from the car, must not reach higher than forty-five inches from the ground. would feel the benefit of the tremendous increase in banking resources. Victory notes to the amount of over $4,000,000,000 fall due in 1923, and Congress must provide a refunding plan for them. Then will be the opportunity to make provision also for the rest of the national war debt. Not only will the advantages enumerated by Mr. Lawrie be gained by a general refund to a higher rate bond, but additional economies can be effected if the new issue takes the form of serial bonds, a fixed proportion being retired each year of the period for which they run. It has been demonstrated by expert bondmen that serial issues are by far the most economical from the standpoint of the issuing authority. The State of Massachusetts has passed a law that all municipal indebtedness in the future shall take the form of serial issues, and other States and some cities in Canada have adopted similar policies. During the debate on the Fourth Liberty Bond Act in the Senate, former Senator Weeks of Massachusetts urged the serial method, demonstrating by comparative tables the economics of the serial over the antiquated sinking fund system. Senator Harding, if elected to the Presidency, will be free to adopt what course he chooses to restore the true value of Liberty and Victory Bonds. It is apparent that the means are at hand for him to carry out the suggestion in his speech of acceptance. A discussion of the subject at this time is valuable in calling the people's attention to the opportunity which is theirs to place duty to make good the huge losses sustained by its bond holders. MAINTAIN ACHIEVEMENTS Where are we in the United States at the present time? Where do we stand — industrially, commercially, financially, economically? Figures won't lie, though liars may figure. So let's do a little figuring—and a little philosophizing. At the close of the Civil War we estimated our national wealth at about $7,000,000,000. We estimate it today at about $225,-000,000,000. Doesn't look as if we were in much danger of becoming bankrupt. does it? We are by far the wealthiest people in the whole world. England approaches us most closely are slow to putting new and better methods into practice. Therefore, a vigorous campaign of education should be started through the Farm Bureau Centers and citrus exchanges for adopting the new system. 4. Growers should pool their orders through their associations of farm centers so as to (a) obtain lower prices. (b) warrant their demand for analysis as basis of payment. 5. A fertilizer inspector should be maintained by the county as assistant to the County Sealer of Weights and Measures, who shall act as disinterested party in extracting samples for analysis and be arbitrator in disputed cases. 6. The above plans for correcting the present faulty and unsatisfactory fertilizers will be submitted to the State Farm Bureau Federation for adoption. The Farm Bureau of Los Angeles, Riverside, Ventura, San Bernardino and San Diego will be urged to take similar steps. 7. The recommendations of the committee were received and approved by the Farm Bureau directors and the committee was instructed to confer with every citrus association in the county upon this matter. They will also meet with the Regional Farm Bureau Conference held quarterly with the five southern counties. Mr. Eden of Fullerton, representing the Orange County Fertilizer Co., was among the several dealers present. He said, "I am in favor of compelling the trade to deliver the goods or get out of business. The system recommended by your Farm Bureau Committee will do away with unscrupulous dealers. Analysis is the best way to buy and sell fertilizer. I believe about 1,000,000 dollars is spent each year in Orange County for fertilizer, he said. About 15 per cent moisture could be allowed in the summer time for moisture content in barnyard manure. In winter, of course, a larger amount should be granted." STRICT ENFORCEMENT Justices of the peace in Southern California certainly are stiffening in their support of the fish and game laws. Fines have felt the "hi-cost" even more than necessities and luxuries—to neither of which classifications do fines for violating laws belong, such laws being for the best interest of everybody. Recently, Judge Knox of Ventura fined a man $50 for shooting at a doe; the authorities did So let's do a little figuring—and a little philosophizing. At the close of the Civil War we estimated our national wealth at about $7,000,000,-000. We estimate it today at about $225,-000,000,000. Doesn't look as if we were in much danger of becoming bankrupt. Does it? We are by far the wealthiest people in the whole world. England approaches us most closely in national wealth. She is worth about $80,000,000,000. This country produces in any single year agricultural and manufactured products of greater value than the whole national wealth of France. We are very wealthy. But we must squander. We produce 22 per cent of the world's supply of wheat, 35 per cent of the oats, 80 per cent of the corn, 27 per cent of the cattle, 40 per cent of the hogs, 25 per cent of the dairy supplies. So we're in no danger of starving... But we've got to work and save. We produce 60 per cent of the woolens, 25 per cent of the linens, 36 per cent of the shoes. Consequently we're not in intimate danger of having to go naked or cold. Still we must work—and save. We have an abundance of raw materials for all building purposes. Therefore we shan't have to go shelterless. Nevertheless we must work—and save. And—we can't wiggle out of work by wallowing in waste. We can't lower the cost of living by raising the standard. We can't pay our debts by adding to them. We can't add to our savings accounts by subtracting from our endeavors. We Justices of the peace in Southern California certainly are stiffening in their support of the fish and game laws. Fines have felt the "hi-cost" even more than necessities and luxuries—to neither of which classifications do fines for violating laws belong, such laws being for the best interest of everybody. Recently, Judge Knox of Ventura fined a man $50 for shooting at a doe; the authorities did not have to prove any injury to the deer. "Soonering," once a clubcom jest, is going out of style at an average of $50 per offence. People do not brag of each goings-on, even if they are sufficiently lacking in respect for the rights of their fellow-man to go out and steal away his right to an "even-break" at unscared game when the seasons open for all. This has been a lively summer infish and game enforcement annals, more men are afield, forest rangers are co-operating with the deputy fish and game commissioners; each counties as have county game wardens have mostly fallen into line and put real, live men, instead of political appointees into the field. Thus while less violation is going on than ever, a larger proportion are being brought to book. "Fudging" on the game law is fast getting to be a bad gamble, bad form, and a wholly utterly bad business. CATCH HIM YOUNG I know a young fellow who is bound to become a capitalist. Why not put him in jail now, before he is able to carry out his schemes? I have known this young man since he was a worthless boy. His own father had no confidence in him. The boy's principal fault was laziness and You must NOT: 1. Drive without an approved device on your headlights. 2. Must not drive without lamps tilted at legal angle. 3. Must not have more than candle-power light allowed for device. 4. Must not have movable spotlight. If motorists are in doubt as to the law on any of the questions they may receive free service from the Auto Club on the matter at the headquarters or at any bronch oce. UP WITH MAINE The Maine election foretold a Republican victory in November, and immediately Liberty Bonds took an upward turn in the market. There is nothing more sensitive than the dollar and there is nothing that has more effect upon the market value of government securities than the character of administration the government is likely to have. It may take some time, but the Republicans will bring Liberty Bonds back to par. FIRE Boys of Anaheim Will have a surprise in store for Anaheim folks on Thursday Evening September 30 Come to the Big Dance At Pressel Hall The new building on West Center St. THE LARGEST DANCE FLOOR IN ORANGE CO. September 30 Come to the Big Dance At Pressel Hall The new building on West Center St. THE LARGEST DANCE FLOOR IN ORANGE CO. Vote "Yes" on the Chiropractic Initiation Measure Number 5 To the Savings Depositors of the Golden State Bank To the Savings Depositors of the Golden State Bank OF ANAHEIM YOU ARE HEREBY NOTIFIED, THAT THE UNDERSIGNED, FORMERLY THE GOLDEN STATE BANK OF ANAHEIM, NOW THE GOLDEN STATE NATIONAL BANK OF ANAHEIM, HAS CONVERTED FROM A BANKING CORPORATION EXISTING UNDER THE LAWS OF CALIFORNIA INTO A NATIONAL BANKING ASSOCIATION; AND HAS THEREFORE CEASED TO BE UNDER THE JURISDICTION AND DIRECTION OF THE CALIFORNIA STATE BANKING DEPARTMENT AND THE BANK ACT OF CALIFORNIA, AND IS NOW UNDER THE JURISDICTION AND CONTROL OF THE FEDERAL RESERVE ACT AND THE NATIONAL ACT. YOURS VERY TRULY, The Golden State National Bank of Anaheim Adolph Thomas, President. E. E. Smith, Cashier.