anaheim-gazette 1927-06-30

THE ANAHEIM GAZETTI ESTABLISHED 1870 HENRY KUCHEL, Editor and Proprietor ISSUED EVERY THURSDAY SUBSCRIPTION PER YEAR.....$2.00 SIX MONTHS.....1.25 THREE MONTHS.....1.75 Entered at the Anaheim, California, Post Office as second class matter. TARIFF FIGHT COMING? Some of our free trade newspapers are already declaring that the campaign of 1928 is to be fought on the "iniquitous protective tariff" now on the statute books. Of course it is a little early to predict what is going to be the paramount issue in 1928, but one thing is fairly certain, and that is that such issue will not be the protective tariff. The free traders told us early in 1926 that the tariff would be the issue in the congressional campaign, but it was not made the issue. And the reason that it was not made the issue is easy to find. The tariff is no longer a partisan matter and no longer a popular issue from the free trade standpoint. Prominent Americans who formerly were committed to the free trade idea have in recent years been veering around to the point where they are at least negatively supporters of the protective tariff idea. And the American people are no longer sectional on the tariff. It used to be that it was only New England and the great manufacturing centers of the middle Atlantic states which favored the protective tariff. But now all this is changed. The West wants protection for its manufactories, and for its agricultural products, and the same is true in the South. Nowhere has the protective tariff sentiment grown so rapidly in the past ten years as in the solid South. The free traders base their expectation of a tariff fight next year on the so-called plight of the farmers. They believe that the western farmer will still be dissatisfied and that he can be induced to take it out on the industrial East. But the farmers of the country are not such boobs as the free traders would have us believe. They realize that many agricultural products are now benefitting from protection and that the tariff framers have done all that they can to help the farmer, not only by putting a tariff on his products, but by exempting from the tariff practically everything used exclusively by the farmer. And the farmer knows too that the tariff helps him indirectly by giving him a big home market of city workers steadily employed The free traders base their expectation of a tariff fight next year on the so-called plight of the farmers. They believe that the western farmer will still be dissatisfied and that he can be induced to take it out on the industrial East. But the farmers of the country are not such boobs as the free traders would have us believe. They realize that many agricultural products are now benefitting from protection and that the tariff framers have done all that they can to help the farmer, not only by putting a tariff on his products, but by exempting from the tariff practically everything used exclusively by the farmer. And the farmer knows too that the tariff helps him indirectly by giving him a big home market of city workers steadily employed at high wages. On this point Secretary of Agriculture Jardine recently said: "It would be in the highest degree unwise for farmers at this time to launch an attack on the tariff without carefully considering the possibility that in the near future they may need it more than any other economic group in the country. I am obliged to dissent strongly from the doctrine that the tariff is of no benefit to the farmer at the present time; and I am still more strongly convinced that the relative advantage of tariff protection will swing definitely to the side of agriculture, as the dependence of our farmers on foreign markets grows less and that of our industrialists becomes greater. "What we should seek in dealing with the tariff on agricultural products is to insure the home market so far as possible, to the American farmer. He should have effective protection against foreign competition. Among the chief reasons why the United States is better off than foreign countries are that labor is here paid well and that there is little unemployment. This is of great benefit to agriculture. Even a very little reduction in consumption per capita, which would come from lowered unemployment, would speedily pile up bigger surpluses of farm products than have oppressed agriculture in recent years." MELLON SPLITS A FRACTION ANDREW MELLON, secretary of the treasury, earned his 1927 salary a great many times over when he split a fraction in fixing the interest rate on the new 1947 securities, just offered for sale by the government in its refinancing program. The main purpose of this issue is to help retire Second Liberty loans next November, partly by flat exchange, partly by cash redemption out of money realized from the sale of the new bonds. In addition, some two hundred millions will be used out of the surplus, reducing the principal of the public debt by that amount. Secretary Mellon fixed the interest rate on the new bonds at 3½ per cent, instead of the 3½ that had been expected. One-eighth of one per cent does not sound large. But applied to public debt charges, it means a reduction of $125,000 a year in government expense for every $100,000,000 of debt involved. No mere politician would dare to figure interest rates so fine as to split quarters into eighths. But Mr. Mellon is no politician. He is a financier, and one of such training and experience that he can tell when 3½ per cent may be shaded to 3⅛ per cent without affecting the prospective market for the bond issue involved. By thus treating the government's finances as carefully as he would his own, Secretary Mellon, in the half dozen years he has functioned as head of the treasury department, has saved the public an enormous aggregate of tax money. This splitting of quarters into eighths is merely a sample. Similarly, Secretary of Commerce Hoover, by his industrial standardization campaign, mercilessly ridiculed by his critics at the time of its inception, has saved an enormous aggregate for consumer and producer alike; and much of the producer's share... He is a financier, and one of such training and experience that he can tell when 3½ per cent may be shaded to 3⅛ per cent without affecting the prospective market for the bond issue involved. By thus treating the government's finances as carefully as he would his own, Secretary Mellon, in the half dozen years he has functioned as head of the treasury department, has saved the public an enormous aggregate of tax money. This splitting of quarters into eighths is merely a sample. Similarly, Secretary of Commerce Hoover, by his industrial standardization campaign, mercilessly ridiculed by his critics at the time of its inception, has saved an enormous aggregate for consumer and producer alike; and much of the producer's share of this saving has found its way into envelopes. THE "CONSISTENT REDS The assassination of a soviet official at Warsaw has been followed by a score of ruthless executions in Russia, executions for which there is no pretense of a hearing to determine the guilt or innocence of the victim. A world-wide protest has followed this reprisal for the tragedy at Warsaw, and it is becoming apparent that public opinion everywhere is turning against the soviet authorities in Moscow. As one Berlin newspaper puts it: "Treacherous, insidious intrigues in the houses of others and the sanguinary reign of terror in its own must finally lead to the creation of a world-wide front against the raging madness of bolshevism." The rulers of the Russian communism are certainly consistent in their inconsistency. Abroad they plot and intrigue the government under which their agents happen at the particular time to be living, seeking to destroy stability and economic sanity, and they protest loudly when this plotting and planning is in any way interfered with. Let any of their own agents be interfered with, and the protest from Moscow can be heard around the world. In Russia, however, it is different. Anyone suspected of plotting against sovietism is shot down without trial, and his friends and relatives are fortunate if they escape a similar fate. This outrage of course is committed in the interest of the communistic march of progress and therefore is permissable. ANOTHER LINK IN RING OF FRIENDSHIP It is proposed to have Colonel Lindbergh fly from the international air peace meet in Canada to the air peace jubilee to be held at Santa Ana. That is a first idea, and no doubt the intrepid aviator will come. The event is to be in the interest of peace between the United States and Canada. ANAHEIM GAZETTE A Worthy Son Comes Home By Albert T. AMERICA'S INCOME separate year was as follows: Current Dollars 1913 Dollars 1919 $68,280,064,000 $28,162,000,000 A LESSON IN BUSINESS American business and industry are AMERICA'S INCOME The national income of the United States was $78,649,000,000 in the year 1926, as against $77,313,099,000 in the preceding year and $70,768,500,000 in 1924, according to a study of national income and wealth made by the national industrial conference board. While this estimate of income is lower than some others recently published because it is based on the growth of production rather than on money incomes, it reveals the significant fact that our greatest increase in national income since 1909 occurred not during the war years or those immediately following, but since 1926, after the "boom" and inflation years were over, prices had been deflated and industry and commerce had settled down to a peace-time and fairly stable course. Measuring the national income in eliminate the violent fluctuations during the war period, the conference board finds that the "real" national income increased 54.8 per cent or by more than half from 1909 to 1926. Including, dividing the entire time into three periods, it was found that from 1909 to 1914, it increased 9.7 per cent; from 1914 to 1926 only 11.3 per cent, but 26.6 per cent from 1920 to 1926. National income per capita of population, the board finds, in 1925, in terms of current dollars, was $671.13, and $1,567.37 per person gainfully employed. This does not mean, the board points out, that everybody received that much money, but that the total of goods and services produced during the year amounted to that much per person and per worker, respectively. In this connection, the board specifically warns against the injudicious use of figures of national income or wealth particularly of such figures which dated in per capita terms, declaratively at while they are invaluable in increasing economic progress, the use of such data when applied without consideration of their definition or limitation may lead to most misleading conclusions. The total national income as computed by the conference board for the after war period in terms of current, as well as in "1913 dollars," for each separate year was as follows: Current Dollars 1913 Dollars 1919 $63,280,064,000 $28,162,000,000 1920 74,553,000,000 26,641,000,000 1921 55,587,000,000 32,981,000,000 1922 61,633,000,000 37,976,000,000 1923 71,558,000,000 43,716,000,000 1924 70,768,000,000 43,157,000,000 1925 77,313,099,000 45,694,000,000 1926 78,645,000,000 46,392,000,000 AS THE WATERS RECEDE As the horror of the flood itself abates in the Mississippi valley with the passing of the crest to the Gulf of Mexico, the horrors which must be faced by housewarming refugees call for attention. A description of the situation tells of negroes pushing seeds into the ground with bare toes where the water is still some inches deep; of farmers ploughing in the mud; hoping to keep the summer sun from baking the surface into brick-like hardness; of families moving back into the upper stories of their houses while the lower stories are still filled with the slowly slinking water; of stagnant pools providing unprecedented swarms of mosquitoes; of the rank order of decaying animal and vegetable matter; of the areas where the water obviously will linger too long for the planting and harvesting of any crop at all. Disease has been remarkably kept in check in the refugee camps. Can it still be held back when people scatter again to their soggy/thud-coated farms and homes? It is well for the millions of Americans in regions wholly untouched by the flood to think of these things. Building new and higher levees is a vital problem, but it is only one several vital problems. The task of restoring the region bank of the levees to productivity and habitability is tremendous and immortal. It may also be noted that William Hale Thompson has been mayor of Chicago for several weeks now and despite predictions there have been no earthquakes in that vicinity. A LESSON IN BUSINESS American businesses and industry are spending $758,980,980 annually in newspapers advertising. Could anything attempt more eloquently than these figures the high estimate placed upon newspapers advertising by the shrewdest business minds in America and in the world? The business and industrial interests of America have unswerving faith in the efficacy of newspaper advertising and they back their faith by the huge annual outlay of three-quarters of a million dollars. Their faith is justified if they signify they would turn to some other more effective medium or media but there is no advertising more effective than that in newspapers. Circulation of daily newspapers.com unprecedented rate. The increase number authority shows is growing at medically last year was 50 per cent greater than the gain in population. One newspaper is printed every day for every two persons more than 19 years old that is able to read. Every morning one newspaper is printed for every family—showing the tremendous popularity of the evening news paper. Adding to daily newspapers the weekly and semi-weekly newspapers and periodicals less directly connected with the purveying of news,the grand circulation reaches 225,589,080,or nine publications for each of the 25,-999,ooo families in the United States. Americans are the greatest newspaper readers in the world. They let nothing distract them from reading the daily paper. It is proven conclusively that neither radio nor the motion picture nor anything else is taking place of the newspaper with the American people. Will Rogers suggests that Lindberg would make an ideal Democratic candidate. Probably on the theory that he is used to being up in the air. Lindberg gets 550,ooo air letters of congratulation,and he hasn't even a secretary. to most misleading conclusions. The total national income as computed by the conference board for the after war period in terms of current, as well as in "1913 dollars," for each it may also be noted that he is used to being up in the air. Hale Thompson has been mayor of Chicago for several weeks now and, despite predictions, there have been no earthquakes in that vicinity. Lindberg gets 500,000 air letters of congratulation, and he hasn't even a secretary. GOOD NIGHT! TERRIBLE! I DON'T KNOW HOW COME IT COMES OUT THAT WAY. I BLOW IN IT PERFECTLY SWEET AN' WONDERFUL POP. OBSERVATIONS SPELLS SUCCESS FOR FUTURE AN ENTHUSIASTIC realtor says the creation of homesites in California from acreage is probably the greatest real estate business in America. He regards the better class of subdividers real city makers. He says hats off to the man who makes two blades of grass grow where but one grew before, but what of the man who finds a barren waste, or brush-covered hillside, and makes it a fit habitat for happy families? WHERE NATURE SMILES WITH GLADNESS THROUGHOUT the great Southwest reports have it that humming binders and reapers are singing the songs of the harvest. The joyful news comes from the broad wheat fields of Texas, up through Oklahoma and into the wide expanse of Kansas that the golden grain is falling, and the country's bread-basket will be full. JUST ONE DARNED THING AFTER ANOTHER Now they have changed the name of Main street, in Los Angeles, to some hifalutin appellation with a boulevard attachment. Wonders will never cease. Old-timers who venture up to that fast growing town, in order to get their stride, always ranged over onto Main street, and then struck out from there. The old historic highway was a sort of guide post, or something like that, for people who sometimes would get lost in the crowds. Now that is all going to be changed, and the outlanders will have to stay home, or read up on the new name, or take a chance of getting balled up in their bearings. THEY DON'T MIX At an inquest over the death of a young man, who was found by the roadside pinned under his machine, a witness said the car had been observed, just prior to the casualty, going at the rate of 60 miles per hour, and that he had detected the odor of liquor on the dead man. LEAST OF TWO EVILS A USBAND and father in Hungary posed as his son and served three months in jail for an offense committed by the son. THEY DON'T MIX AT AN inquest over the death of a young man, who was found by the roadside pinned under his machine, a witness said the car had been observed, just prior to the casualty, going at the rate of 60 miles per hour, and that he had detected the odor of liquor on the dead man. LEAST OF TWO EVILS HUSBAND and father in Hungary posed as his son and served three months in jail for an offense committed by the son. The authorities later discovered how they were fooled, and asked the head of the house for an explanation. Here's the story: "The penalty I paid was a heavy one, but it was worth while. For years I have been puzzling my head to determine how I might escape for a little while from the terrible place my wife has made of my home for 25 years. In prison I had a fine rest, and I would gladly spend another three months there rather than return home." BACK TO THE OLD HITCHING POST NOWADAYS things happen so fast that the more sensational cases draw the spotlight for awhile; people become excited; the newspapers bring out the big black headlines, and then things quiet down again, and all hands stand around and wonder what's next. STEPPING ON THE GAS LADY magazine writer says modern girls are not afraid to use their eyes and smile, and furthermore do not sit around and simper, as-the girls of the past were supposed to do. And as a result, the writer allows the young dears now stand a better chance to get a man she wants than her mother did. AIN'T GONNA BE NO CORE IN DIS APPLE BRITISH general, speaking about who won that war, says that through the inherent fighting qualities of all the ranks of the British army led them to victory. He also says: "If America had not come, we might not perhaps have forced the enemy to surrender in 1918, for without the American reserves in existence it would have been unwise for us to risk throwing the whole force of the British army in France and Flanders into the tremendous series of battles which brought the war to a sudden end. To many politicians, unexpected end. But we should have won in the end, all the same." IMPORTANT, IF TRUE MENTALIST, who says he predicted the wars in which America has figured, says April is the war month of the United States. Strange to relate, all the wars started during that month. The seer predicts that on April 5, 1930, America will declare war against Japan, and says England will side in with the Orientals, and that Germany will come over and help the United States. Wonder if they will have some more boat parties. TILTING THE LID TOWN on the border has adopted a lenient policy regarding outside visitors who go across the line and who perhaps come back a little boozy, and as a result the city jail is empty. It is America has figured, says April is the war month of the United States. Strange to relate, all the wars started during that month. The seer predicts that on April 5, 1930, America will declare war against Japan, and says England will side in with the Orientals, and that Germany will come over and help the United States. Wonder if they will have some more boat parties. TILTING THE LID A TOWN on the border has adopted a lenient policy regarding outside visitors who go across the line and who perhaps come back a little boozy, and as a result the city jail is empty. It is said the businessmen there asked for a change and do not want the tourists handicapped, as it hurts their trade. It is on the bulletin board that some people go below the border and, while viewing the sights, put a snifter under their belts, and sometimes take two, perhaps three, and then another just before leaving. THERE'S GOOD IN EVERYTHING Many movie stars, and lesser satellites, are planning to go on a strike because their employers want to cut down their wages. Should there be a lockout, perhaps many new recruits would come forth to fill the vacancies, and, by heck, it might be all for the best. Alleging that a film actress did not live up to all the terms of her contract, a producer is suing for $5,000,000. Now, if the actress loses, in all probability it will take all her pin money. After a fellow sits through and digests some of these movie pictures, he either believes those million dollar contracts of the stars are a myth, or the producer's bank roll is due for a dent. He can't see how the plays hold on when there is no jingle at the gate. A lady who had been named in a civil complaint as Jane Doe, became vexed and said her name was not "Jane," and so far as "Doe" was concerned, she said while her husband was sour at times, once in a while he called her a dear. With a six hundred million dollar surplus in sight for the end of the fiscal year June 30, Uncle Sam is so well off he could even afford to buy a few things on the installment plan if he wanted to. Scientists claim that crops can be increased twenty per cent by a system of stimulation by atmospheric electricity. It would be just about the farmer's luck to have this come along when he was trying to curtail production.