anaheim-gazette 1933-05-11

What Going Off the Gold Standard Means to Farmer; Larger Markets Higher Product Prices Encouraged United States Has Nearly Half of All the Gold In the World, with Embargo On That Metal As a Mild Form of Inflation Intended to Raise Prices and Help Debtor Classes Pay More Easily By FRANK PARKER STOCKBRIDGE Written Specially for The Anaheim Gazette The United States of America has "gone off the gold standard." That sounds shocking to people who fear all change, and it takes some mental adjusting on the part of the rest of us who have not yet become accustomed to the rapidity with which everything is changing today. What does it mean, this going off gold? What is the purpose? What will the effect be? What has it to do with this talk about inflation? What is inflation, anyway? Who will it benefit and who will it hurt? Those are the questions on the tip of everybody's tongue. In Sequence The United States went off the gold standard on March 4, when President Roosevelt declared an embargo on shipments of gold abroad and called all hoarded gold back into the Federal Reserve Banks. Since then we have shipped no gold abroad except on contracts already entered into. Since then nobody holding a gold certificate or other paper money calling for payment in gold has been able to go gold for it. We still have the gold, nearly half of all the gold there is in the world, more than four thousand million dollars of it in our Treasury and banks, but we have stopped using it. The purpose of our action is, as President Roosevelt stated, to bring about higher prices. The first place it has affected prices as in our foreign trade, for the principal use of gold as money is in settling trade balances between nations. It is the one commodity which every nation in the world accepts as money. Immediately we went off the gold commodity prices in international trade began to rise in terms of dollars. For as soon as any nation's paper money even though they are cheaper dollars. Inflation will help the debtor class because it will take less wheat, cotton, shoes or what have you to get the necessary number of dollars with which to pay. It will hurt the large creditor class because, although they will get their interest and principal repayments in dollars, as before, those dollars will not buy as much, will not represent as much real wealth. We have as beneficiaries of inflation the farmers who will get more dollars for their crops, the wage-earners, who will benefit by increased employment (although wages do not tend to rise as fast as the cost of living) business men whose goods on hand become worth more dollars, and whose sales in dollars increase faster than costs. Time for Change We have been going through an increasing process of deflation for more than two years. It had reached the point where debtors as a whole found themselves totally unable to pay. To have pressed deflation further would have resulted in universal bankruptcy, in which the creditors would have fared as badly as the debtors. Just what form domestic inflation will take remains to be seen. The presi- The purpose of our action is, as President Roosevelt stated, to bring about higher prices. The first place it has affected prices as in our foreign trade, for the principal use of gold as money is in sattling trade balances between nations. It is the one commodity which every nation in the world accepts as money. Immediately we went off the gold commodity prices in international trade began to rise in terms of dollars. For as soon as any nation's paper money ceases to be redeemable in gold, people who have that money begin to look for something else—wheat, tobacco, cotton, lard, steel or other non-perishable forms of wealth—in which to redeem it. They begin to buy those things, and their paper money buys less of them that it did before. In other words, they bid prices up. In Farm Products It may seem to some that we in America are not concerned with what happens in foreign trade. But it is from our sales overseas that a very large part of the money comes, which pays for our farm products. More than half of all cotton grown in America must be sold abroad if the growers of the South are not to suffer. Texas alone, it has been figured out, the loss to the entire state from the low price of cotton in the export trade has been over $400 for every family in the state! Almost half of the money which tobacco growers get for their crop comes from foreign sales. We normally sell abroad from a quarter to a third of all the land we produce, about one-sixth of our wheat and about the same share of our apple crop, more than half of our turpentine, gasoline and benzol, over a third of our copper, and from a quarter to one-half of our factory products in many important lines. It seems highly important, then, to get the highest possible prices for these goods in the world market. But when foreign nations have let their money depreciate they cannot buy as much or pay as good a price, so long as we maintain our dollar on the gold basis. On the other hand, with their cheap money, they can produce at less cost than we can and sell their goods to us for our gold dollars cheaper than we can produce them when all our costs are measured in gold. How Producer Is Helped So in going off gold we have cheapened our dollar to meet the other cheap moneys of the world, and already commodity prices have begun to rise. In other words, we have started on a program of inflation of the currency, which is merely another way of saying increasing prices. The gold embargo is a very mild form of inflation. It is certain to be followed by other forms, directly applicable to it in our Treasury and banks, but we have stopped using it. Time for Change We have been going through an increasing process of deflation for more than two years. It had reached the point where debtors as a whole found themselves totally unable to pay. To have pressed deflation further would have resulted in universal bankruptcy, in which the creditors would have fared as badly as the debtors. Just what form domestic inflation will take remains to be seen. The president's request for power to adopt any or none of various means of inflation indicates that he will be guided by conditions as they arise. It is probable that he will issue currency against Government bonds, for one thing, that silver will be restored to its former monetary position, thus increasing the volume of metal behind our money, and possibly he may decide, if it seems to be warranted, to reduce the amount of gold dollar by as much as one-half. That would not be the first time we have done just that in our national history, rather the fourth or fifth time. We still have nearly half of all the world's gold behind our money., whatever price we put on the dollar. ROLPH LEARNS TO SYMPATHIZE WITH SCRIBES Gets "Writer's Cramps" Signing 2900 Diplomas, 1000 Bills, and Scores of Letters Whenever an overworked newspaperman complains these days of "writer's cramps," Governor Rolph nods understandingly and sympathetically. The governor is having painful experience with "writer's cramps." He has had, of late — and will continue to have—to sign his name so many times a day he can almost strike off his signature in his sleep. The seige of signatures began when the governor signed 2,900 University of California diplomas. He worked through 1,020 one week-end and the remaining 1,880 a few days later. Meanwhile, he has around 1,000 bills to sign during the next few weeks which account for 2,000 more signatures. Added to this mountain of work is the normal office which, in itself is enough to tire the normal wrist. New Englanders Picnic On May 20 New Englanders are invited to the annual picnic reunion of Vermont, Maine, New Hampshire, Rhode Island. Avocado Growers ARE YOU INTERESTED IN A BETTER PRICE FOR YOUR FRUIT? ARE YOU! If so, you are invited to attend a meeting of Growers of this District to discuss our NEW DEAL plan of marketing avocados, now in successful operation. This invitation includes every person interested or engaged in producing or marketing avocados. You will benefit from attendance at this meeting whether you are at present signed up or not; whether you are satisfied with your present returns or not; whether you believe in co-operation or not. Time of Meeting: TUESDAY, MAY 16th, 7:30 P. M. Place: Washington School, La Habra This meeting is sponsored by NATIONAL FRUIT GROWERS ASSN. Everything Looking Up As European Envoys Sail Home “Everything appears to be looking up”... was the gist of comment, semi-officially and otherwise, as Prime Minister, Ramsay MacDonald of England, right, and Edouard Herriot, France’s envoy, left, waved adieu and sailed home, following their separate informal conferences with President Roosevelt, in which it is predicted agreements were reached which will considerably advance the prospects of success of both the Disarmament Conference and International Economic Conference within near future. It is hoped that steps have been taken under which a free international gold standard may be restored. The Farmer's Corner By Ralph H. Taylor Secretary Agricultural Legislative Committee Tempering zeal with a measure of caution, the state legislature during its closing days, has finally brought some semblance of order out of the chaos of its economy and tax relief pro- Calavo Growers Get Big Refund Including many Anaheim and other Orange county avocado growers, approximately 800 Southern California growers will receive late this week a surprise “dividend” from marketing cooperatively this season, announces C. V. Newman, Santa Ana, prominent grower-director of the Calavo Growers Exchange. This “dividend” or partial refund will bring local growers about Halts Weighing of Trucks In Sections The practice of weighing truck loads in sections, otherwise known as “two spot” weighing, must be stopped, according to a warning issued, by the division of weights and measures, state department of agriculture. “Two spot” weighing consists of checking the heft of the load with either the front or the back wheels of the truck off the scales, thus subjecting the load to a double The Farmer's Corner By Ralph H. Taylor Secretary Agricultural Legislative Committee Tempering zeal with a measure of caution, the state legislature, during its closing days, has finally brought some semblance of order out of the chaos of its economy and tax relief programs. Two major results of the settling-down process, both of prime importance to California agriculture, are these: 1. Adoption of the amended Riley-Stewart tax plan, which will go before the voters of the state at a special election on June 27. 2. Adoption of the state budget as amended in the senate, with some of the most glaring inequalities eliminated in the upper house. With both the Riley tax plan and the budget, calm judgment rubbed off many of the rough edges and eliminated radical provisions. While still far from perfect, the Riley tax plan, as finally adopted, appears to be the best solution of the taxation puzzle available. There are, at least many improvements over the plan in its original form. From the standpoint of agriculture, the most attractive feature of the program is that it holds out the promise of $52,000,000 in tax relief to common property taxpayers. Whether this will bring the measure of relief to owners of real property which is badly needed will depend on the operation of the 2 percent consumers' retail sales tax which is also a feature of the measure. The farmer will undoubtedly benefit by a reduction in taxes on his farm property. How much of this benefit will be offset by the sales tax is questionable and probably cannot be determined until the plan is in actual operation. In brief, the plan embodies those salient provisions: 1. Repeal, two years hence, of "Amendment Number 1" which will return $1,300,000,000 in public utility operative property to county tax rolls. 2. Elimination of the present county matching requirements for school purposes, the state absorbing $40,000,000 now paid by the counties for elementary and secondary school support and paying the bill with the 2 percent sales tax and a tax on franchises of corporations. 3. Strict limitations on county budgets and state and county expenditures, but so adjusted as to eliminate competition between counties for state funds. The state budget, while it carries drastic reductions in governmental costs, lost many of its most objectionable features by amendments in the senate. Calavo Growers Get Big Refund Including many Anaheim and other Orange county avocado growers, approximately 800 Southern California growers will receive late this week a surprise "dividend" from marketing cooperatively this season, announces C.V. Newman, Santa Ana, prominent grower-director of the Calavo Growers Exchange. This "dividend" or partial refund will bring local growers about 1.5 cents per pound in addition to all pool payments, on the 1,185,000 pounds of fruit handled from October to March inclusive. This 69-cents-per-field box "refund" will also extend over the remainder of the season's tonnage, the refund for each month after March being added to the final pool returns, declares Mr. Newman. In addition to this refund and to the pool returns, a final refund will be made at the end of the season, also over all fruit received during the season irrespective of grade. NOTICE INVITING SEALED PROPOSALS FOR PRINTING AND ADVERTISING Notice is hereby given that sealed proposals will be received by the City Council of Anaheim at the office of the City Clerk of said City, up to clock p.m. of Tuesday the 13th day of June, 1933, for furnishing of all printing and advertising for the City of Anaheim for the year commencing June 1, 1933 and ending May 31, 1934. All said printing and publishing shall be done in conformity to the specifications described, which said specifications are part and designated "Specifications for printing and advertising for the City of Anaheim, Series of 1933," on file in the office of the City Clerk. Such proposals will be received as follows: First: For all advertising to be done solely by law to be published in a daily newspaper published within said City. Second: For all advertising not required by law to be printed in a daily newspaper, but required by law to be printed each issue for a definite period of time. Third: For all advertising not required by law to be printed in a daily newspaper, but required by law to be printed each issue for a definite period of time. Fourth: For job printing required by the City of Anaheim, according to said specifications and according to forms and specimens on file in the office of the City Clerk of said City. Should the job printing required for Halts Weighing of Trucks In Sections The practice of weighing truck loads in sections, otherwise known as "two spot" weighing must be stopped, according to a warning issued by the division of weights and measures, state department of agriculture. "Two spot" weighing consists of checking the heft of the load with either the front or the back wheels of the truck off the scales, thus subjecting the load to a double weighing process. This practice was held by the division to be deceptive and unnecessary. The excuse given was that some scales are too short to accommodate the truck, but investigation showed that no reason for this excuse existed. It was also ordered that all trailer loads must be uncoupled from the truck and weighed separately. Just about this year, the majority of boats are ready to be overboard for another glorious season of healthful pleasure. Officially many boating clubs will not open until Operation Day. May 36th, but there are no jobs in withholding your own purchase because the official ceremony of calling the club flag has not been held. Before you show the boat overboard there are a number of items you must check up to save trouble and expense later. Beyond the stunting box. Most boxes will take up space; graphic-sealed humps packing that you can get from your local store. Never wrap the packing spirally around the shaft. Cut it to lengths which will just meet around the shaft forming a ring. Have from three to five of the rings of peeling, placing them on the shaft so the joints of the rings are spaced at different points around the shaft. Draw up the boots holding the stuffing box or stern bearing to the hull. See that the gasket between the bearing and the hull is in good condition. A loose gasket can be made tight with white lead or better yet with a can of porine glue which you can obtain. One-Tree Orchard Bears Eight Fruits W. S. Stoddard of Red Bluff has a one-tree "orchard" in his back yard. Eight varieties of fruit are produced on the tree. Balders shall state in their proposals whether or not such proposal is based upon an estimate for publication of advertising in a daily or weekly newspaper, and shall designate therein the same and address of such newspaper. Fourth: For job printing required by the City of Anaheim, according to specifications and according to forms and specimens on file in the office of the City Clerk of said City. Should the job printing required for any item exceed the estimate therein set forth, the compensation for such job printing in excess of said estimate shall be at the same rate as that mentioned in the proposal for such item. Fifth: Separate proposals will also be received for printing placard notices of street or public improvement required by law and also for printing such notices in connection with publishing notices and resolutions concerning the particular improvement described in such notices. Each proposal must be accompanied by a certified or cashier's check drawn on a bank within the State of California, in a sum not less than $50.00, payable to the City of Anaheim, the same to become the property of the City of Anaheim, if, within ten days after the a yard of the contract to him, the successful bidder shall fail to enter into a written agreement with said City to furnish said printing and advertising in conformity to said specifications. The City Council reserves the right to reject any and all proposals or any part of any proposal, and may accept proposals separately for advertising required by law to be published in daily newspapers, for advertising not required by law to be printed in a daily newspaper but required by law to be printed each issue for a definite period of time, and may accept proposals for City job printing independently from said city advertising, or as a part of the same proposal. By order of the City Council of the City of Anaheim. Dated this 9th day of May, 1933. J. W. PRICE, City Clerk of the City of Anaheim. 5-11-31 DEMONSTRATIONS FOR SCALY BARK CONTROL PLANNED Farm Advisor to Appear in Anaheim Wednesday for Lecture, Exhibits A series of field demonstrations throughout Orange county next week by the agricultural extension service will feature the best known treatment for the Scaly bark disease of citrus trees. Numerous requests have been received by the farm-advisor's office for treatment demonstrations. Many growers are now doing their own work where they hired it done in the past and are therefore interested in learning and seeing the actual details of the recommended method of treatment. Discussions on other diseases of citrus will also be present by Farm Advisor Harold E. Wahiberg, who will be assisted in the demonstrations by Lee Hewitt, deputy agriculture commissioner; and Charles Knowlton of Fullerton. The following locations for field demonstrations have been arranged, to which all growers are invited: Tuesday, May 16, 10:00 A.M.—Garden Grove—Place of A. C. Stanley, corner Euclid and Chapman avenues. Tuesday, May 16, 2:00 P.M.—Tustin—Adam Zaiser orchard, corner 17th street and Tustin Avenue. Wednesday, May 17, 10:00 A.M.—Anaheim—E. A. Harker orchard, North Street, 3-4 mile east of Placentia Avenue. Wednesday, May 17, 2:00 P.M.—La Habra—Ray F. Frantz orchard, Palm Street, 1-2 mile north of Center Street. Paint Factory to Move Headquarters B. F. Spencer of the Spencer Store on West Center street this week received information that the Pittsburgh Glass company plans to concentrate its California manufacturing and centralize state headquarters in the factory near Duntington Park. With the announcement... Paint Factory to Move Headquarters B. F. Spencer of the Spencer Store on West Center street this week received information that the Pittsburgh Glass company plans to concentrate its California manufacturing and centralize state headquarters in the factory near Duntington Park. With the announcement came a report of construction of a new office building and a factory building, with a remodeling of the present factory into a warehouse. Work is scheduled to begin on the remodeling and construction by May 15. "I learned also that the company has not given up its plans at Santa Ana for a plate glass factory. Officials of the company state that construction is merely held in abeyance, pending return of a sufficient demand for plate glass to warrant construction of the unit. "The company's decision to locate its headquarters at Huntington Park means that state offices at San Francisco will be moved to Southern California." Committee Seeks Funds for Concert Committeemen Harry Pearson and Oscar Renner of the Anaheim chamber of commerce this week contacted various organizations in the city for the purpose of raising private subscriptions through which to maintain the summer concerts which have been a feature entertainment of the community for many years. The city council previously announced that it would not support the venture financially this year. The chamber appointed the committee last week, at a meeting held in the Elks clubhouse. It heard a report from the railroad commission replying to a protest against removing of the signal man at Center street and the railroad tracks, contending that the automatic signal gives better protection over a 24-hour period. Raise More Chicks at Less Expense with Electric Brooders Electric Brooder chicks are healthier and stronger; feather and gain weight earlier. Chicks that turn up their toes show no profit at the end of the month in the chicken business. Here are 8 Reasons Why Electric Brooders are Best 1. No Fire Risk. 5. More Room. Electric Brooder chicks are healthier and stronger; feather and gain weight earlier. Here are 8 Reasons Why Electric Brooders are Best 1. No Fire Risk. 2. No Fumes. 3. Quicker Feathering. 4. Accurate Control. 5. More Room. 6. Cleaner . . . Less Work. 7. Fewer Losses. 8. Low Cost. Electric Brooders are inexpensive and can be purchased on easy terms. Your nearest Edison office will be glad to give you more information without obligation. Or mail the coupon below. Southern California Edison Company Ltd. Southern California Edison Company Ltd. Dept. 10, Los Angeles. Please send me complete information and costs about Electric Brooders with capacity for ☐ 200 ☐ 350 ☐ 500 ☐ 1000 chicks Name..... Address....