Newspapers / The Chatham Record (Pittsboro, … / Jan. 10, 1929, edition 1 / Page 2
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/Thursday* January 10, 1929. the CHATHAM RECORD o. J. PETERSON Editor and Publisher SUBSCRIPTION PRICE: One Year Six Months Thursday, January —AN ANCIENT FALLACY .• • Reading Gibbon’s Decline and Fall of Rome last night, we were struck with the antiquity of a fallacy that persists to this good year of 192 b, namely, that money is wealth. The historian, telling of the palmy davs of the Reman Empire in the sceond century after Christ, relates that the people of the Empire were proclaiming the ruin of the country because much silver was being im ported to the Indies for spices, in crease, pearls, diamonds and silks, the Indies were buying nothing in turn from the Empire. And what is more, the scholarly Gibbon accept ed the argument as sound, though £ goes on to show that the menace was relieved by an increase of sil ver mining, which sustained the stock of silver. Yet it should, apparently, be clear that the Roman Empire ac tually received the goods of the In dies as a present if they gave for ft a commodity which was used so e ly as money. The Roman goo<is were left for the use of the Reman people, and an adjustment of th prices to the decreased stock < i money was all that was necessary to restore the equilibrium in the Em-j pire. On the other hand, if the In dies were self-sustianing, the extra supply of silver deranged their do mestic prices as badlv as the loss of part of the money of the Empire ] disturbed prices in tfae Empire, and the Indians had not a thing to show Tor the go'/ls they had shipped away. If Pilot Mountain should turn to a solid block of gold and it should be melted down and coin*} into coin and the proceeds be distribut ed equally per capita aincfig th' people of this country, it would nA increase the wealth of the country j a penny, except in so far as an in-; creased gold supply is needed in th I arts and trades. Os course, till th.' > secret should be discovered by the i world and the prices r. adjusted, we I could swipe some of the goads of j the other nations. But rot a mouth- j ful more to eat, a rag more to w ar, j -or a board more to build homes ; would result from the miracle. On j the contrary, idleness would be cn-j couraged for the time being, and r. I decrease in v/eahh result. A very similar thing happened i' the case of Spain during the iny.cu • of gold and silver from Mexic > and Peru four centuries ago. Tha Span iards evidently slowed up in pro duction because their inpour of gTc allowed them to purchase from neighboring countries. But the gold j left Spain for other countries and ‘ Spain had nothing which it could j sell to its neighbors to girt it bock, ; and when the goods purchased were s consumed, the country had neither j the gold nor the goods and found j itself impoverished, and never j 'regained its prestige cr prosperity till since the loss of its fleet and colonies to America. On the oih r ! hand, the neighboring countries had j the privilege of feeding and cloth- ! ing the Spaniards duri ig this per- | iod for nothing except an increas l j in their currency, which neccssari- i ly enriched no country permanent- i J*-. T n this view of the matter, Eng j land’s cosairs who sank and pil- ! laged treasure galleys of Spain’s, j neither hurt Spain nor enriched j England. No; money is not wealth, even j gold and silver when used solely f ns money: and if the world could i get rid of the idea that it is, and invent a medium of exchange that j has its value fixed in terms of the more staple products at basic cen ters, and with equal purchasing value all over the world, so far as price is determined by prices at the basic distributing centers for com- 1 modifies, and it takes value determ ined each six months in accord with an estimate of the cost of the pro duction of merchantable staples, the j world’s craze for gold and silver would be abated and much labor in seeking them be saved; while no na tion would be robbed by another, or by its citizens, through the me dium of artificial money values. For decades China, for instance, has thus been robbed. A pound of lard or a dozen eggs of equal weight are of the same intrinsic value anywhere r jin the world. Yet an America# rri's | sionary has been able take a dol- Ilar that was secured by a supporter in Ameiica for the sale of, say, 5 ( dozen eggs, and because of the de ference in the value ct the Ch.nese currency based on the Mexican d:l-. lar, secured ten dozen Chinese eggs —that result cn the basis of the dif ference in money value, not consid ering the variationi in prices becadsn of the laws of supply and dimand. Now, suppose that there were a, world currency based on the a m parative cost in labor and capital of the various product?, a h n being a hen anywhere, but values fixed s for' the great commerc al centers, such as New York. Chicago, New Orlean s. London, Paris, Shanghai, Pekin, etci, the missionary’s dollar secured frerh the sale of a dozen eggs of specified quality in America should buy a doz en of the sapie quality in China, the price varying only with distance, iri each case, to or from a commercial centre. In a section that exported eggs the local price would be less than the price at the commercial? centre, while in an importing «*rea, the price would be that of th&f com mercial centre plus transportation charges. Thus would a fair exchange of commodities be effected between; all countries and the one would not get j the goods of another at the price of j a song because of a difference in exchange values. Thus would the tariff walls be knocked into fiat in some cases or made absolutely pro hibitive when desired. Wages should then depend entirely upon accom nlishment, and competition upon ef ficiency of production. It is our desire to have the Rec | ord contain matter that will appeal to every class of Chatham county '•ropJe. These first two weeks of the new year we have published ‘•'Ome lather heavy editorials, but we ! should like for every thinking. ; n the county to feel that he has i an interest in the editorial page of the Re ord if little in the local news column*. We should like to assume that cverv thinker in the county-is v ead‘nr- the edtorials, and believe we shall assume, and if the num ber of ed'torial readers should prove -we simply explain ! ‘ Simplicity | of cooling system ! is a feature ! of the new Ford } A COMPLETE water plant is a part of every automobile as it is a part of every mod ern city. The purpose of this water plant is to keep the engine cooled to a temperature that will make it efficient in oper ation. If it were not for this, the cylinder walls would be come overheated and the pistons refuse to operate. The cooling system of the new Ford is particularly in teresting because it is so simple and reliable. ! When the radiator is full of water, the engine of the new Ford will not overheat under the hardest driving. Yet the water is so regulated that it will not impair en gine operation by running too cold in winter. The cooling surface of the Ford radiator is large, with four rows of tubes set in staggered position so that each receives the full bene fit of the incoming air. The fan is of the airplane pro peller type and draws air through the radiator at the rapid rate of 850 cubic feet . per minute at 1000 revolutions per min- Jfl pj| ute of the motor, Ford Motor Company \* T - •• •' * it''by assuming-- that ther2 a;e few in the county. So here ‘gees-—every really intelligent man.in the county.will read the Rsc i oid editorials carefully this year. And v;e hope if he finds th.m in gpgrecrnint with his opinions ho will not hesitate to express h mself. On ; the. other hand, we should be glad to ' have any reader in no.i-ag.ei-mer.t f \vith.-our .-conclusions write his opin ion .for the paper. That is one of r , I the • greatest hindrances we find in j the county to making an interesting j paper—the citizens seem either to . have t.o < pinkn cr not the least de sire to express their.. Let’s do some thinking this year. .V"' —g- 'T . , - i time Js big with portentous j eyeht;. will bring forth either i {he rhbst generally diffused prosper j If OT- dependence and poverty to a ,la<rg£ proportion of the people. Pre- .the former period, if it comes, lpUst be f\ more general appreciation *of the interdependence of the people of the whole world, and a forward j fnigocf efficient production among the most, backward people that mark ets maj/ b€^, created-that will absorb America** potential production of the goods 'it can most readily pro duce. Also the great host of our own fclk who are not supplied with the comforts of good homes, com fortable household goods, or suffi cient clthing must be converted in to producers of such magnitude that they may become purchasers on a large scale. Otherwise a compara tively small part of the people, those best equipped for production, will be able to produce all that can be sold, and great hordes will he as idle as the surplus hundred thou sand of coal miners are today in England. The man who at this lime sticks to his farm, disposes of surplus acreage, even if it has to go for taxes, and develops a thorough ly efficient agriculture, is the man who will be safe whatever the event, of the labor of the enciente era. The legislature is in session. Dr. Edwards, of Siler City, is Chatham’s representative. What he has in mind to do we do not know, but it quite certain, that he will do noth ing rather than undertake to do something foolish. The hot water around the cylinder head is drawn to the radiator to be cooled by a centrifugal water pump of new design. The entire cooling system of the new Ford is so simple in design and so carefully made that it requires very little attention. The radiator should be kept full, of course, and drained once each month so that sediment will not collect and retard the free passage of water. In cold weather, a reliable anti-freeze solu tion should be added. As owner and manager of this important water plant you should also see that the water pump and fan shaft are properly lubricated and the packing around the pump shaft kept in adjust ment. Hose connections may also need replacement after long service. For those little adjustments, if pays to call on the Ford dealer. He works .under close fac tory supervision and he has been specially trained and gtw equipped to do a thorough,competent WT job at a fair price. the Chatham record Dr. Latighinghouse, state superin tendent 'of health, thinks women s i less susceptible to flu than men and | • attributes the fact to women’s wear- j ing less clothes. But why let the! doctor’s observation, if it is true, ’end substantiation to thjb state ment of the isolator of the flu bacil lus to the effect that the disease is in the air and that the persons most exposed to the open air are most likely to get the disease. The sci entist states that people in the open : country are most subject to flu, those in the villages less, and those in cities less, while factory workers are largely immune from the disease, the conqlujsion being that the greater exposure to free air the more the catching of. the disease. Doesn’t Mr. Laughing house’s observation that, women are less susceptible corroborate that theory? They, as a class, are more ’ within the walls of the homes than 1 are men. Certainly, observation dur ing the 1918 epidemic should con vince any one thqt contact 'with actual cases is not necessary to con tract influenza. Whole isolated fam ilies would be found sick by persons who were constantly in contact with the disease. And if this is true, the practice of closing schools to pre vent the spread of the contagion is sheer foolishness. Over in Cleveland county they haven’t money enough to run the high schools the full eight months and are seeking new sources of in come. We suggest that Cleveland and other counties try reducing the expenses of the schools instead of increasing taxes. As harder times come, if the teachers have been paid enough during the better times, . I is now Epidemic! Ccnspared with ISIB, this epidemic, So far, is mild; and yet, in spite of vastly increased capacity, the Vicks laboratories are. once more operating night and day to meet the emergency demand for more and more Vicks Vapcßub. Over 375.000 jars are now being produced daily. How best to use Vicks Vapoßub 11. AS A PREVENTIVE I Several times a day, insert Vicks up the nostrils. Also melt f a little night and morning in a bowl of boiling water and | inhale the steaming medicated vapors. This helps to ward I off germ-infection. I 2. IF A COLD STARTS 1 If possible, go home and go to bed. Take a laxative and a | hot lemonade. Apply hot, wet towels over the throat and .8 chest until thoroughly reddened. Then rub vigorously gj with Vicks. Spread on thickly and cover with warm flan- |j| nel. Leave the bed-covering loose, so that the vapors, re leased by the body-warmth, may be freely inhaled. At the - same time, Vicks also acts through the skin like a poultice. Repeat this treatment every four hours, eat lightly, and stay in bed until the cold is broken. Complete rest helps ;* the body throw off the cold more quickly. 3. AFTER A FLU ATTACK Physicians advise that the chief danger in this epidemic is after induenza. Then, more than ever, colds, attacking the \ weakened system, may lead to bronchitis, sinus-trouble or ; i pneumonia. This is especially true of children or old folks. , Heed even the slightest cold as a danger signal. Vicks is ' especially valuable here, because it is applied externally, and so can be used freely, as often as needed, without up setting delicate digestions, as too much ‘'dosing’" is so apt to do. 375,000 Jars Every 24 Hours! VICKS * Vapoßub I . 1 their salaries should be- cut to cor-! respond with i/ie inccmes of. other I folk. Some of' 4 .us back in the .nine- j | ties, when a dollar v,as as big as a j i cart wheel, taught i r mighty few of them. Thirty-five years ago when the New Hanover Bank at Wilming ton and its branches at Clinton and Fayettevile bioke, and the panic was in full swing; the writer taught all the fall at Burgaw for less than j one month’s salary cf some of the teachers right here at Fittsbore. The men who pay the taxss in North Car olina now were taught by teachers who thought they were doing tvell when they got fifty dollars a mopth and them college graduates in many mases. It was hard, but nobody else was making anything, and the same condition has prevailed in many of the- North Counties the past two or three years. The same suggestion is applicable to the salaries of county officers and others paid with ;tax money. f - : : ’!*r - . The Legislature met Tuesday. Governor Gardner will be inaugur ated Friday. Governor McLean Hr 11. return to his Lumberton home. He, has made a good governor, and his; administration has been a truly busi ness one as predicted. Mr; Gard ner states that he is giving his opin ion straight©ut on every matter of moment to the state in his inaugu ral address, and our readers are ad vised to look out for it in Saturday’s fdaily papers. The calibre 'of the new governor can largely be deter mined from that address. Tax ques tions will be the big issue in the legislature. An attempt will prob ably be made to inaugurate an eight months school term, but the people are in no mind to have any raise in taxation for school purposes or any I j other purposes. The biggest mat j ter is to get the taxes off woods | land as soon as possible, but the at j torney general decrees that it will have to be done by constitutional amendment, and that means a two year’s wait. Cranberries in a New Way From one pint boiling water re move orie-half cupful and dissolve a package of lemon-flavored gela tin in it. When, cold and beginning to thicken add juice of 1-2 lemon,. 1-2 cup chopped celery, 1-2 cup shredded pineapple, 1 cup thick cran berry sauce sweetened, and' mold. Can beserved as salad with cooked dressing. ..... w Baked Tomato Stuffed With Turkey \ ~ y Where there are just a few rem nants of turkey left, chop the meat* add a few bread crumbs, a little chopped parsley arid celery and sea soning. Stuff tomato with mixture, dot generously with butter and bake until crumbs ere brown. • A /.«.?• • - : ■ L v Wotwajr s Seas . S Many fathoms under the f I® seas, atu r e provides an i abundance Os sustenance for 1 the codfish; that makes its E I liver-ce]ls prolific in vitamine- ft bearingoiL . , J Ssotfs Emulsion 2 serves thousands of children £ I® and grown people with I cod-liver oil in a form 1 t easy to take. .It is a Yllf I food-tonic that helps en- -4JL 1 ergize and build up the body. B Q Scott & Bowne, Bloomfield, N. j. 22-37 ft PAGE TWO
The Chatham Record (Pittsboro, N.C.)
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Jan. 10, 1929, edition 1
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