THE CORDOVA DAILY TIMES
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H. G. STEEL
EDITOR AND PROPRIETOR
MEMBER OF ASSOCIATED PRESS
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credited in this paper, and also the local
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WEDNESDAY, DECEMBER 10, 1919
MITCHELL SETS GOOD EXAMPLE
To all but a few of the thousands
of workers who knew John Mitchell
the recent announcement that the
great labor leader was comparatively
wealthy at the time of his death came
as a great surprise. When his estate
was probated it was discovered that
he. left approximately $250,000. His
fortune was solely the result of thrift
and wise investment, and bears wit
ness to the opportunities and possi
bilities which America presents to the
poor worker.
John Mitchell began as a breaker
boy in a Pennsylvania colliery. He
received no tremendous salaries dur
ing his lifetime, not even when he had
attained international reputation. His
honesty was never called in question.
Both the workers he represented and
the mine owners knew that he was
not to be bought. Yet he died rich,
for he always lived modestly and
within his income, he always saved a
part of what he earned, and invested
it wisely. His estate is an example
of what every poor boy who comes
to America can accomplish in greater
or less degree by thrift, saving and
safe investment in such securities as
war savings stamps, treasury savings
certificates and Liberty bonds.
SPECULATION AND CREDIT
Commenting on the recent high level
of money rates, Commerce Monthly,
in its money market discussion, holds
that this came largely from specula
tive activities which overburdened a
credit situation already strained by
unusual demands from commercial en
terprises. The cure, it declares,' is not
an extension of credit facilities, but
an arousing of public sentiment
against speculation.
“Since the conclusion of hostilities
a year ago,” it says, “credit demands
on banks have increased steadily.
Since midsummer this increase has
been rapid. This situation has result
ed in part from the unusual volume of
credit needed at prevailing high price
levels to finance commercial enter
prises and the marketing of crops.
The lateness of certain crops, the slow
movement of grain, strikes at ports,
and general industrial unrest have
tended to increase both the duration
and the volume of financial assistance
required from banks.
“At the same time there had de
veloped a vast amount of speculation
-—not in stocks alone, but in land, cot
ton, grain, and in commodities gen
erally over the whole country. The
undue growth of this general spirit of
speculation threatened a serious im
pairment of the country’s credit posi
tion, and a point was approached
where the further extension of the
banking position to finance speculative
activity became inexpedient. In the
face of this scarcity of funds, and in
consequence of its own over-extended
position, the stock market has under
gone a severe liquidation.
“In view of the speculative spirit
widespread over the country, the de
velopment of public sentiment againsl
the undue extension of speculation
and possibly further advances in Fed
eral Reserve discount rates, may be
necessary to restore normal condi
tions. It would seem to be clear thal
any permanent relief of the credit sit
uation must come through a reduc
tion in the demands for speculative
purposes generally, rather than in i
further extension of the supply o:
credit.”
ORIENTAL SPRINGS
NEW ONE IN WEST
Chinese Lottery Tickets “Pages
From School Cooks,” He*
Tells Judge.
Portland, Ore.—Whatever else the
prying police and prosecutors may say
about him, they are compelled to ad
mit that Lee Foon is an ingenious cuss.
They must also admit that the wily
Oriental “pulled one from the clouds”
In police court, and got away with It
In hig league style.
Lee, a studious looking disciple of
Confucius, stood with solemn mien ns
he answered the police court roll on a
charge of having lottery tickets in his
possession.
Police testified that they had raided '
Foon’s quarters in the Chinese section
and procured an ample supply of lot
tery tickets, which they had found in
Ms room. Other paraphernalia used
for loperies also was produced. The
•*dS/75T/*S
“Well, What Does This Say?”
evidence seemed conclusive. Court at
taches naturally figured Lee Foon
didn’t have a chance.
And thqp Lee Foon offered Ills testi
mony. “These not lottery tickets,” was
his first astonishing statement.
Judge Rossman grew interested. Re
moved down from the bench and stood
at Foon’s side in the prisoner’s dock.
“What are they, then?” inquired the
court.
“They pages torn from Chinese
school book,” quickly answered the
bland and unsmiling Foon.
“Well, what does this say?” inquired
flie court, as he selected an alleged
lottery ticket at random and handed it
to Foon for translation.
“It say, ‘I see the cat,’" was the
quick retort, which was almost drowned
in the storm of laughter which swept
over t he courtroom.
“Well,” muttered the court, as he
shook his head in a perplexed manner.
‘Til admit that lottery .tickets should
in time educate people that it’s a los
ing gambling game, but this is the first
time I ever heard a ticket called a
page from a Chinese school book.”
As so dumfounded was the court at
Lee Foon's alibi that he permitted the
prisoner to go his way minus the fine.
POOL
TOURNAMENT
•
We invite all pool play
ers to enter this tourna
ment. Please leave your
names at the counter, so
that the handicaps can be
arranged.
There will be
THREE PRIZES
FIRST—SUIT OF CLOTHE8
8ECOND—PAIR OF SHOES
THIRD—STETSON HAT
TOURNAMENT STARTS DEC. 10
The Club
+
| Gifts
1 for
| Women
Lady Duff-Gordon
Gowns and Frocks
Percival B. Palmer
Coats and Suits
| The Conde
I Coats and Suits
(Hamilton Brown
Shoes and Slippers
Gage Brothers
Hats and Turbans
I Phipps Hats and Turbans
COATS, SUITS, COATS, HATS,
GOWNS, DRESSES,
i SWEATERS, WAISTS, SWEATERS,
1 PETTICOATS, RIBBONS,
SHOES, SLIPPERS, HANDKERCHIEFS,
PUMPS, SILK HOSE,
CAMISOLES SILK SOCKS,
1 BLOOMERS,’ SHOES, MARY JANES | *
CHEMISES HOSIERY BATH ROBES,
HANDKERCHIEFS, UNDERWEAR
GLOVES, DOLLS,
VANITY BAGS ROCKING HORSES, I
I BOUDOIR CAPS, TOYS, GAMES. 1
VELVET BAGS,
PURSES
^ Make a selection from the sug
gestions offered; phone or write
us for what you wish sent and
we will take care of it for you
Phone 107-Or MAIL YOUR ORDERS
HifiHiiiiiiflHiiiiiiiiiiinuiinfliDiiiiiiiuiiiiiiiiuiiiiiiiinHii
i — zrr__ _■
I SHAMPOOING
FACIAL AND
F°r, MANICURING
CALL
\ 101-3 RINGS
MRS. SWANBERG
■ I-"-1" ... '■>»' ' "I 1 ■
A Large Line of
TOYS
Hand-painted Christmas Cards,
Place Cards, Tally Cards, all
colors of Crepe Paper Favors
for children’s parties, Madeira
Luncheon Napkins, Table Cloths
and a large supply of Tarlatan.
Come early and select your
mask for the Firemen’s ball.
AUNTY KEATING’S '
“WEE SHOP’
Send the Saturday Times to a Friend Outsidi
YOUR FURS MADE TO ORDER
Best work guaranteed. Low
est prices. Over 2,000 Alaska
customers.
R. W. Drew
Tacoma’s Expert Furrelr
11th and B’dw'y, Tacoma. Wash.
NORTHWESTERN CLEAN
ING AND DYEING HOUSE
TAILORING
All kinds of Repair Work. Fancy
Garments a Specialty. All Work
Guaranteed. Goods called for and
delivered
J. LEEN
- Next to Hegg’s, on C Street
j Phone 123-4
- -- " —1
PEYSER
THE TAILOR
Opposite Kenny
Holden’s
Phone 188
SHOEREPAIRING
DIMON NICK ALOFF
Currier Building,
C Street. P. O. Box 980.