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I 1; 1 -ITS -. v , ... ' - ' " . . ' V A r. i ' ' , C -p-t CARTI.'i I Washington. Inert. j e I of under-cover moves to t i President Roosevelt from b i irnn conservative aiiJ t treme radical sides; is odviqhs to the most casual observer In Wash ington. - It la difficult to prove any given l l 3 3 t- By ELMO SCOTT WATSON HE recent "gold declslqn" of the su-i preme Court of the United states, i awaited so long and so anxiously I by the whole world,, has added an-1 other chapter to the History , oi money, and especially to that much-discussed and frequently per Dtexlnc ancle : of Mt commonly known the "wld standard." It I Is a far cry from the event which took place In Washington" the other day to an . event which took plaee In a Uttle Earopean vil lage one February night 132 year ago far cry, indeed, from the stately hall where alt the black-robed Justices of a nation's highest trio tiral to a small room In the cottage of a Swiss paper-maker. Yet there Is a distinct connec- tlon between the two. - v . . Just before midnight on February 23, 1803, a son was born to Johann Jakob Suter and his wife. Christine Wllhelmine Stoberin Suter. but if, the next morning, anyone had told the sim ple burehers of Kandern In the Grand Duchy nf Baden that this little boy's career would change the destiny of a new nation across the Atlantic and vitally affect the economic history of the whole world, they would .have stared at such a prophet with-unbelieving eyes. ' But be would have spoken the truth. For the world. - half century later, was to know , this Uttle boy, whom bis parents named -Johann Augus tus Suter, as Gen. John gutter Sutter of Cal- " tneUl so highly prized by mankind sold I ' f : The result was his decision to see, his for- tone In the New world and 100 years ago this spring the Odyssey of John Sutter (he had f 13 P'i'i.---' 1 ' ; .. 3 to 8 per c . The govermiiv t U i vory large sale of t; 9 i L-1 '. ts and , Insurance i rather skeptical as to ; lnrge amounts being tar, a. -Is plenty ofjdle money wuU: safe Investment Every Bal1' broker and insihrance man knows case, for In every Instance some that Th9 government knows It It senators of members of the louse r provcd every time s short term re honestly and enthusiastically loan ,g as!ted ,by the government for the particular thing that the inere are always loU of appUca White House thinks would ham- Uons whlch cannot be filled. And string Its program. Proof of the the g0Ternment has been able to real underlying deslresiof any given t oney at Mound t per cent re senator being so difficult to obtain, p,, x . ' , k It would be very misleading - to , name names. ' ' ' ' I Different Proposition , The Interesting point about the 1 w. But. bankers and Insurance , men whole sltaatlon, however, lies not j point out this baby bond Issue pre- In anv narticuiar move acainBt .inn unfa Bn entirely ainerent yrcvuov admlnistratlon which may gain On. 1 tlon, In the case of people taking I wlth a strong waxed thread. expecteci suppon, out m m pun- gnort term governmem uo,: i ine aoove nu wueci slble consequences for 1038,' ' r v . motive to obtain Uttie return It muddles what until now had their monev while they are wa- been S very clear view of what j mg. They hope that by, the end of seemed, certain to happen, : and tbe period of that' loan they may find some safe Investment, wnrcn will, yield 4hem a Jarger return. Proof of this is in tne ran uihi iur long term bonds the government has to pay from two to four times as much Interest , ' , in in tha mw nt the babv bonds there Is no return at all during the Braided rut,j t . i i makers because the wo;" ; . and reaulres no' tool 'i ever, are not as durable cheted rug, owing to the f; i braided strands are sewed t and for this reason we advi which in all probability still Is very sure. Jt IS only the fact that there is now a bit of a cloud on the non- ion which may or may not grow-; that Is really Interesting at alt The cloud Is the possibility that ! a group of the extremists may get together and lorm a third party next year. For such s move to get flrt yeW( gnd only . very small re anywhere it must surmount sev turn for the next six. years. ; More era! ' rather tall hurdles. One- is M. the holder Is compelled; If he whether they could even get- togeth-1 wjntg to cash in before the. higher I er on a candidate, there being no I jnteresti' rate becomes effective, to such person in tne pmng as: u take the price Bred in suvance oy elder La Follette was In 192. , I thm .,. ,0Ternment'i Other Investors With that hurdle - surmounted, lmUkt k wiiung to MS more, but Gn.W. X Sherman Mormon, with fcoomlng wlce, shouting the news of the discovery in Ban Francisco, wu started the mad gold rush which ruined John SnHar i r .hii anfr in RntMir'a diary do- u...r!.i changed his name upon his arrival Jiere) U quoting. On Friday. January 28, 1848, jGold f ron ths mi ma.ah tnm Sunn I w . . . - in. i . he recorded "Mr. uaranaii arnvea xrom uw America began. First a trader on the Santa 1338, made a trip to Fe Trail, he went to the Oregon -country Oil lmnortant business." The important the sandwich isianos ana i ... , ..hnw Sutter some yeUow and assuming which is much easi er that the third party leaders could agree on a platform, the next hurdle is something over which tne I radicals hare no control whatever (what the regular Republicans will do. .- , Big Handicap For the only possible importance of a third party entering the Held would not be the possibility or elect ing its own candidates, but of giv ing the Republicans a chance to beat Roosevelt Just as the elder La Follettel candidacy In 1924 as sured the election of Calvin Cool- ldge by a landslide. Tbe tnira party would draw votes from the New Deal. It would not get any of the 13,000,000 men and women who voted - the Republican ticket - last November, k y 'f., "J; Even with this big handicap, how ever,, the Republicans would have to make a good showing to win, a the bonds are not transferable. One of tbe government's objects here IS to save money, .of course. Rvrv nerson cashlng4he bondsJn before maturity takes a very low intonat rnfAj Another object Is to keep the bonds out of the hands of the banks. There has been a great deal of criticism of government financing on the score that It was loading the banks np with govern ment bonds, and thus restricting ui mtinnt of money which could betr ter.be employed at stimulating In dustry. ' ' ' . ' ' Not being negotiable, these baby hnna win ntflv out of the banks, thus serving tbU purpose. But the face that the bonds are not negoti able also lessens their . attractive ness to investors. This might not Interest the chap who buys Just one bond for I18.T3. But it wouia in terest considerably the man or, wom an with a few thousand dollars to invent. ; Hence the prediction that blsver showing. In fact than there tha -aiei Wni not figure heaT- ts any apparent pronaDiuty at mis jj ibe government's nscai pians. Ores 85 Inches, and requires pounds, of cotton, rag rug The center section has a hlta.k ground and the 8 section d white, i The. outer circie ana i center, are of, : hit-and-miss h- colors. , ;': '.. Cut strips 1 inches wwe. i edges 'under and then fold a,c i .i ( make ' a strip about one-half I wide. ; TJse three strips in Drans , Start in the center and sew 8 r of braid around, keeping" work f Start next row on opposite sum where the previous row ended. Wo around, changing colors for 9 ro as illustrated. : To change color Strips of new color desired to i ones In use. . Start again at didci place for 8 outside rows, then sew the last row separately. (.This ri- , has 26 rows. ' , If you are Interested In makii rag rugs, send 15c to our Rug De partment for book No. 26, which con tains 26 rugs in braiding ana crocni's., Instructions are given with each ru.v also directions for braiding and cro cheting rugs and how to prepare your, rags Into strips to get the best results. ADDRESS HUMHJ VliAH r cy. PEPT C Nineteenth and St Lou; avenue, St Louis, Mo.- t Inclose a stamped addressed en . velope for reply when writing for any) Information. , -: v FITTING NO OBJECT f ,tn Alaska and finally on ftly l, M39, arrived flakM 'bad discovered in th taJl-race of the in san srancisco, men I gawmlll be was building In the "oeaunxui vai v toe Mexicans, ana wnea ou uw - of cioma, 40 miles away. Tney testea tn country which was to make his. name forever Jt wag fi'-pf':)!:' Uiei.y;tih . . -'Despite- Sutter'a efforts' to keep -the oIscot- ' At ttat. tlm most of the settlements In Call- "teae, tt) newg leaked out A teamster : : rorma wb . " named WIttmer, naming provunoni w ii - ... posed to go Jtoland and colonise, i Obtaining a. leiTJlei a news from one of Peter Wh land grant from the Mexican officials he set ont cbtterlnK sons, wimmer In turn let slip to select a site for his proposed ; colony: tte secret to Samuel Brannan,. a Mormon elder Ammiit ha arrived at a nolnt where the Amer- , ... . ,.-' .nm tha Kast to Gallfor- tcan river Joins the Sacramento, the site of the 1848i published one of California's nresent cadtal of California, There he estab-1 . . Twha Bneiia for a short llshed his colony to which he gave the M"1 time and was now running a store near Sutter's : of New Helvetia, after his homeland of Swltser. , Bnna w8s a crafty person, ; If news land, and erected the fort which was to f 8 ot the gold discovery In the Sacramento valley focal point in the empire be was to build. became known, it might start a gold rush there. ThA Btorv of that empire la a familiar one Th mid-seeken would need supplies. They how be won the friendship of the Indians by I obtain them from Elder Samuel Bran using Just the right mixture of kindness ndlHU1. atore, Therefore VI. 'Vi' ; ertniiMu; how they formed a part of the hun-l o. ... m May. 1848. a horseman gal- dreds of retainers who tilled the fields and I loped through the main street of San Francisco, tended the herds and flocks of thu feudal lordi Du right hand he carried a bottle of gUt- 1. hA American wilderness: how be extended I f ., vsiiow rraii''!'Ayt:":,r:.fMl'.:-:v hi. hMinn nf land until he ruled over Aearly I NnnM 1 anU p ha cried. ' Oold from the : I 26A000 acres; and how he became the aiAaMrfeiui ttmr'ifi'ti' fmnortant figure In aU- that" region, both tnderl , it was Blder 'Samuel Brannan. V: : th Mexican rulers and later when ouirornia ; w , ., ; Maaon.' American military com- ; nassed from their hands into the possession or it g-n Francisco, oald little heed to the , the United States. - ' ' nr8t news of theTgold discovery. But as the ru- To Sutter's Fort came many a notable traveler mon mcreaged, his young adjutant, Lieut W; T. Col. John G Fremont Kit Carson, Geni Steph- gherman, urged him to InvesUgate. So Mason en Kearney, a young lieutenant named William gaTe gherman permission to visit Sutter's fort j Tecumseh Sherman and another named W. J. 6 learn the truth of these rumors. From that - n,m tht inttM- a orandson of Paul Revere, ,it rew friendshlo which had an Interesting who inherited some of his ancestor's talent for aftermath for both Sherman and Sutter. Dur- drawing and who made tbe sketch of the fort tag h!i it Sherman collected $3,000 worth of , which is reproduced above. From Sutter's Fort gold Mggets and hurried: back to San Fran- .tit hA mama nartT which saved the rem- Then hn wrote a long report which Ma- -' nants of the Ul-fated Donner party marooned aigned and this, with the noggett ,packed - in the snowy Sierras In 1847 and many another , a tea caddy; was sent by special courier to ' .in. ,hanti In California history was en-1 whinirton.- When President Polk, a little la- ' v n .nA .round the capital of New Hel-1 .art lad the world wlththe announcement ' Teaa. of. the gain discovery In California It was Sher- -Many of these are recorded In the extracts 1 man'g words that he quoteov iw Mrw with which Mr. Dana em-k what followed la a familiar story the lust . C 11U1U MB .1 ' V - . tiuiuw hi. Mnrranhv. John Butter could not f- the rolden metal which swept tne; wnoie ' h.M realised what history be was recoroing woria snd sent tnousanos oj mua j a- aa mm. 1 ma. 1 - a. .m vao uaiontia ''"when be took his pen in nana one uuj w wwi to cailforma. , outrers mupu" i Vv i iKi.. , v. I rnmbied under the onrush of the gold-hungry uinm 07th. 1S47. A host of Mormons here fnrtnne-seekera, In 1850 California became a ;!;to buy provisions apa nave dibciomuhu state ana sanw w mi .v. - r . . ic. nntrat . wim. James nusoniowv Hirhfa wonia win recoBiuuuu. "-- 1 Marshall for a sawmill to be erected on the auappolnted. In 1851 be realized a long-de- ' ' American Fork." - " f erred ambition tnat or onnging um wu l s fatAfni Is the entry for the f ol-1 children to loin him in his new home. lowing day: ' ' But the years which followed were sad ones "August 28: Horses shod of many more for the man who had been "king ol New H lormoC Bmp oyed nearly all them to work vetla." Utile r J,. S seem to be uniformly honest away from him. Court decisions in Ws favor here s nee tney TamM wiiaon were followed by others against blm. Soon honoraDie "".r-.L I .!, -m.ii f.rm ramalned and' there came Marshall and Pe er wunmer oe , '"- 0ne nIgllt the Mts. to .r"" ' ' : house was set on fire. He and his famlljt bare- aim see inat lustlee was done him.--It was tM ginning of a 14-year fight for Justice, time of their making. Their diffi culties revolve not only around the candidate, but the platform. What could they agree on In a national convention as to platform T - Talks with half a dosen leading Republican survivors In the bouse and senate .indicate almost that number of widely varying views as the proper course to be taken .... m to tne Droper coorvo uo wwu He had the aid of powerful Wendv on. 0 J ,MPueTAnd the same to true em William xecumsen .itt, noot tn Mndidatea. with the mous general But congress Jaa ijnss. 1 "m)nnM nere- ,t deal w w na not a case of warmly advocating made another of his Intormtoable Wps, to Wasii. mtmt emmilte9i bnt 0f coldly "Washington was hot hotter.. Perspiring , members In act, this Is frankly admitted bv some ' administration v omciais. They admit they would like to see certain other effects, Just holding a bond of any sort, they point out, has the effect of making the bolder Just a little more conservative. And Incidentally making bin In a way a partner In the New Deal. Gold Clause Decision - "One of the most significant things about tbe gold clause decision of the Supreme Court was not only the secrecy Which shrouded what that An old negro recently approac! a relief worker and asked for cloth ing. He. particularly wanted a pa of pants. 4 1 ' "What size do you wear?" he wai asked. - - ,- "A 88."' rm afraid I don't have your slze.'l aha Informed him- : "The smallest ll have Is a slse 60." t "Well ; that's all right Ton see, Miss, we ain't so much for fit tin' a J fornldln'." " ... 1 ;.',-,'. V 1 l !' v"' St -J ' I . - . I WWJ VI U1V.11 BIUVUUCU yai ; of .- both ' houses: wtn h. nn,.nnal .ntrla were eager for an adjournment ? Jonn snnesrsi i asnally Is so apparent at this ciuw luiwu , , -tt - itage . or ps i rnauieauu im end of the session's business. ... -s. among the outa No one Is scream. Wllll.nt Temmseh Sherman sat U tne Sanerj, ,,!. ,. thot o.nrtMnta. All mopping his face with a handkerchief waiting j aaying they do not know to carry tne goon uw w u . , . ... . wnat canai(iate wouia maxe a gooa slept He was very weary; happy, too, that n,ere Is less opposition to Sen this was the' last Journey' he would .hare to ator Ajthnr H. Vandenberg. of Mich make to Washington, jit was aU settled. , The iglLllt ana to Frank Knox, the pub pittance was to be finally allowed-. . r usher, than to most but even those "Five, o'clock came; a. knock at the door wn0 uke these particular men du awakened the . general. . . . Xho , door mgttm , aB to what - the platform opened,,' Sherman came In. Thera. .. was. a ,1,04 VlZfi bleakness on him and his lips wera straight.-' Altogether, even with more suc- "Sutter stood up, expectant Tha clalml he f0r the radicals than Is now said, the blue eyes certain. -'. iWA ' anticipated, -the picture Is not very a d d shame,, general 1' hurst out Sher-- anconcertlng to the New Deal man. TheyVe adjourned. lour claim dldn t Act0aUy, the far more Important m m tn a vote.' .-::.-..:.'-!?.zA v"' iif.'.;.' V-'-:H " 6innunr i. whAther business can re- "A strangeness came into tne pine eyes. , iTire sufflclenOy by Novemoer, imw, BMmiHi to arrow cold and old: blue ice uey tar Amnrlca to see-Jts patn leading seemed to be, Ice from a far-off Swiss glacier out of present dlfflculUes. ; that suddenly ceased to know the sunlight 'Next vear.' he said cieariy, -nexi year uiej im 'J " .iit .nli',:vv'':;;- ,'.i5' ':'. I . k .HnnataA AhlaMlnna from the "He fell suddenly, Uke a stricken tning, oaca u insurance companies to tne upon the bea. ' unerman ran torwaru mui baby-, bonds tns governmeut pru cry, shifted him slightly, held up the white head p0Bei to sell at post offices have tenderly. not materiauzea. most repreoem- "John Sutter had passed oeyona eanng tor Ufeg 0( the companies saying were anv earthly claim, or for the task of sifting the n0 .trictly insurance" feature, in ashes of empire ..." , What the amount of return is not 5 And so- the Swiss adventurer aiea out tne cnanged by the; death of tne noiaen. story of "Sutter's gold" which ruined him has -Actuallv the baby bonds present kept his memory alive through all these yearaan l(jeai arrangement for .the pur- As for the way In which his career cnangeo cnaaer oniy in one set pi circum. the destln of ' a natlou, emj historian has ,t)lfl(,M. if 'the purchaser figures summed up the results of the discovery and tnat ten rears from now he or'she the enormous production of gold In California wlll nee(j a aum of money for some When Sutter wrote that he was writing the ly escaped with their lives. i t rrivrptin. For the -proper saw-iana otner ijhij.-, ui . In October, 1 .' t ii where some solden flakes lay I Co; Ma that t: e A- he s' All of bis deeds in flames. rc-l fr V. k 1 1 i V' Anrinir the next' half century as follows! It raised the pries of goods and labor; It opened new markets and extended commerces It filled a wilderness with settlers, stimulated tne en velopment Of the Pacific coast established new lines of steamships, and In time maae a trans continental railroad a necessity; It extended the domain of free labor on the Pacific coast and effectually shut out slavery In aU that part of the West; and It was one of the causes which Induced the majority of Use nations of Europe to stop the coinage of silver and to adopt gold as their sole standard monoy." And that is whv there is S eonncJon between 'the birth of Johann Augustus f ' In a little ' "'"-"1 village away back In 1 ; r 1 the wm: ! tntere-t In the "go!:l " ft t- --v t " Eiat i I '. !,e cou't i ' -1 V a ( purpose, and that there Is no rea sonable possibility that the money wlll be required before tnat unm. For example, If a fatner nas 1 son now six years old, and Is figur ing on providing a sum of money for that son's education at college, ton vpara hence, the bonds mlnht be very attractive. The rate of Inter est.would not be h! ,,'u It would be .HMitlv under 8 per cent Iiut the monev would be as snfe as anything can be the direct, obligation of the govern mcnt It on th f 1 It 1 r I'-'"1:1 fee SV: . 1 , 1 : 1 t fact that some of the first news flashes were very misleading but also the moves the administration had planned to counteract the effects-incase the decision should have gone 100 per cent against the government For It can now be stated that not even the speaker of the house, nor leadlna administration senators bad the slightest Idea what would pe done. JUSt tnre people reauy. anew. Thev were: President Kooseveit, Secretary of the Treasury morgen thau, and - Attorney General Cum- minss. -And that Cummin w knew Is the writer's auesa, Cummings does not admit it 80 It, might be possioie that the thu-d person who knew was not Cummings, but some other lawyer on whose Judgment tne pres ident and Morgentnau couia reiy. Soma Deductions One high treasury official, known for bis shrewdness, made some In teresting deductions in advance. For example, 1 .he had the idea. stressed In the majority opinion by the court, that the amount of dam aces would bave to be determined in court that certainly no court would force a company to pay tne full 81.69 for each, dollar .01 a goia clause bond. " ' ' '- .- ' .;.vi "And," this Official added lna con versation several days before the de cision, "I do not think It will be possible sctnslly to demonstrate damages to. the extent of the de cision." . , .',';: v.Now this was not Just a haphaz ard opinion. Nor was It a "leak from the court It grew In that offi cial's mind as a result of various questions he had to answer for Sec retary I,Ior;.;euthau. '. ' The adi-inlstratlon was sure of several t'- .. "bout the dc ' 'on that la as to what It c uid do In tjils or that evci't but It wns hop ing th''- would be some such 1 ' n h!o as l ire'"!; holilcis of t' e l i .Oaee Was' Enoagh ;i. Two women were waiting, for al oua, which was nearly full when lq came along. - "Boom, for one Inside and one on top," said the conductor. ' r 1 "But surely you wouldn't separate! mother and daughter." : . .. , "I did once," replied the conductor,! as he rang the oeiu "out never' again." London Tit-Bits. :t'!.;fcfe'rft'Systom''v?if,ii-;!';,; ' ' His Wife What U I do take a V tie money out of your pockets w! you're asleep? It's-the only way -. can get any out of you. The Efficiency Expert rm not; complaining. I'm only asking yon! to ring up the amounts on this cashj register so I can make the proper charges." - ; ' v , DeatUea. Banker This Is . the tenth t!v you have had thla notd renewed, f Van Meters. , Poet Yes, sir; I fear that r the only Immortal thing I sh write. ' 1, to r t'-o c ' r ' ! t a
The Duplin Times (Warsaw, N.C.)
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March 7, 1935, edition 1
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