Aransas Pass Progress (Aransas Pass, Tex.), Vol. 13, No. 16, Ed. 1 Friday, August 17, 1923 Page: 2 of 4
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& KANSAS PASS PROGRESS
(Published every Friday)
at Aransas Pass, Texas
Progress Printing Company
PUBLISHERS
Entered at the Post office at Aransas
Pass, Texas, as second class matter.
W. E. WARRICK
Editor and Manager
SUBSCRIPTION
-One Year
$2.00
ADVERTISING
Advertising rates furnished on ap-
In asking change of address, please
state your former postoffice.
If you do not receive your paper
regularly, notify this office at once so
the matter may be regulated without
delay.
“JUST LIKE DADDY,”
AN ECONOMIC FORCE
J. H. Puolicher
9y J. H PUELICHER
President the American Bankers
Association.
•‘Like Daddy'’
—t h e s e two
words, that ex-
press the Imita-
tive nature of
ehildren, ocour to
me as I think of
our parental re-
sponsibilities in
respect to both
the thriftiness
and the thriftleas-
ness of our boys and girls. The
accent belongs on both aspects of the
case, for we have yet to find a person
who is the perfect example of thrift.
Even Ben Franklin admitted Ms
lack of attainment after hU years of
self-admonishment and self-criticism
—aud his temptations were not sc
great as those of today. Every reader
will admit his deficiency in thrift. So
will I. And what of our children?
Will they copy us? Will their attitude
toward thrift be "like Daddy’*?" Will
it be thrifty or thriftless?
It Will at least be largely influenced
by It The thrift of the next genera
tion Is in the hands of the present If
our children are "out of hand" on
their habits, whom have we to blame
.but ourselves?
Remember this- The next geneva
•cion will be subject to the same laws
of economics, the same rules of suo
cess, the same principles of happi-
ness, as prevail today. A habit of
thrift is one of the best possible char
vacterlstics we can mould into our
Children's natures during their habit-
forming years. Its value will be ap
parent throughout maturity, whatever
their lot, whether at the helm of large
enterprise or steering the more hum
ble affairs of a home.
Thrift will be the basic principle
in the economic life of our nation and
its system of producing and exchang-
ing commodities. Thrift is always
both of social and of Individual advan-
tage. Each day finds us expanding
both In breadth and in depth of our
resources of enjoyment and our op^
portunltiea for service as we practice
thrift.
But how shall we bring about hab
its of thrift? Is there any other way
than by teaching, whether by direct
precept or by the unconscious example
of our own habits, continually Im-
pressing themselves on the receptive
minds of the young?
“Like Daddy” expresses one of the
most powerful soolal and economic
forces there Is.
i
“SURE
THI
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T*ir
lyur
■£Ty
iii a
! lilt
mu
id 3 ft
CARRY MAIL DESPITE PERILS
Be Advice of Honest Men Who Know, and Willingness to Be Con-
tent With Reasonable Return, Declared Only Safe
Road to Assured Income.
“Success in life denends upon the investments made of
talents and time/' says an article on investing prepared by the
Committee on Public Education of the American Bankers As-
sociation. “Future return will be gain or loss, according to
these investments. That is a law of life which controls in-
vestment of money, just as it controls investment of talents.
The article, which is particularly timely m these days wtien
so many are being robbed by fake investments, continues.
In the business sense, the word in- perience to undertake to make lnvest-
vestment relates to the use of money
in acquiring ownership of property.
Ownership may represent entire pos-
session of property as of a home;
partial ownership as holding stock in
a corporation; or conditional owner-
ship as in the case of buying a mort-
gage or a bond. When a person makes
an investment in bonds, he is really
loaning his money to the government
or corporation issuing them. He will
receive the interest which they earn
as long as he owns them, or until
they are paid off.
Ownership of great corporations is
vested in individuals who have invest-
ed money in their stock or bonds.
Many people regard the ownership of
the United States Steel Corporation,
for example, as differing from the
ownership of, say, a small workshop.
Yet investors in shares of Steel Cor-
poration stock are entitled to the same
rights, under the law, as the owner of
the workshop. In the corporation, the
owners hold certificates of stock as
evidence of their investment, whereas
the owner of the little workshop holds
a deed as title to his land.
Capitalistic) Laws Protect Investor#
Because the laws stand for the
equal protection of all investors, it is
possible and profitable to make good
Investments. It gives an incentive to
work hard and to invest. The person
who wishes to invest must first work
and accumulate funds with which to
do so.
Bonds are always secured by mort-
gages on the lands, buildings or other
property of the corporation for which
the money has been Used. When a
bond matures the money must be re-
paid to the owner of the bond.
All Investors are a part of a great
financial system which gathers up and
puts to work the wealth of the coun-
try for the mutual benefit, prosperity,
and well-being of all. In America, it i«
possible for any one who is willing to
pay the price of self-denial and hard
work, to he an investor. Good Invest-
ments made in early life by saving
such small sums as may he possible,
lay the foundation for providing the
comforts of later years, when It is
harder to earn a livelihood and when
poverty often becomes the condition
of those who have not practiced
thrift in youth.
It is not wise for those without ex-
ments of their money without guid-
ance by those who know. Many com-
panies are constantly being organized
to promote unsound schemes, referred
to as "wild-cat." There are always
solicitors ready to relieve people of
their savings by the promise of big
returns. The lure of great wealth is
always a temptation by which thou-
sands of thrifty people are deprived
of hard-earned savings every year.
Widows and orphans who have In-
herited money are frequently sought
and made the targets of these fake-
stock salesmen. Misery and suffering
are the usual results.
Greed Defeats Safety
Many people with small nieans also
lose money because they inaist on a
high rate of interest on their invest-
ments. Safety of principal should be
considered above large returns in in-
terest or dividends. Small Investors
should never buy high-rate, specula-
tive investments, in which there is a
great risk, but should stick to those
which pay a fair rate and which are
known to be safe.
To know whether an investment ia
worth buying the investor should go
to ai banker, or a successful business
man in whom he has confidence, get
his opinion and act in accordance with
it. In all probability this will mean
the difference between successful In
vestment and total lose of his money.
The banker deals with investments
every day and desires to give all the
help and information he can, and the
business man has learned by experi-
ence the need of caution and careful
judgment. They believe one should
hare a clear understanding of an in-
vestment before it i3 purchased. They
know the need for avoiding stock pro-
motion schemes and get-rich-quiek
propositions which In many cases
have brought poverty and suffering.
While many states have passed laws
aimed to protect the nublic against
promoters of fake investments, thou-
sands of people annually fall victims
to their wiles, because they fall to
seek advice of those experienced In
making investments.
Good advice and temperate expec-
tations mark the only road to safe
investment and an assured income.
There is no other certain way.
Storms in the Arctio Often Endanger
the Lives of United States
Postal Workers.
Throughout the United States and its
possessions the government has estab-
lished one of the most efficient and
greatest postal services in the world.
Promptness in delivery of the mails
has always been its motto, as records
of the post office department show. In
the far north the “mailman" experi-
ences the severest hardships, as evi-
denced by the history of the Alaskan
postal stations.
In the Arctic the “mailman” is usu-
ally not called upon to make extensive
overland trips more than once or
twice in the long winter night. These
trips, however, are fraught with im-
mense hardship and danger.
Working from the seacoast postal
station at Tanana, Alaska, from which
stations in the bleak interior of north-
ern Alaska are served, the dog sledges
which carry the mail must travel 600
weary, perilous miles overland to the
“farthest nox*th” office, at Point Bar-
row'. One trip a winter to this office
is a season’s work for the mailman
on that route.
The trip means weeks upon weeks
of the most arduous traveling, in utter
loneiiness, with only the savage, half-
wild dogs of the team as companions,
all the time under the pall of the long
Arctic night, only relieved by the shift-
ing, terrible* glory of the northern
lights.
Many cases are on record where
mall carriers, traveling behind their
dog teams, have been caught in dead-
ly blizzards and lost. In almost every
case the mall has been rescued by
searching parties and taken through
to Its- destination.—Joseph Edgerton
to the Washington Times-Herald.
Judging a Great
Institution by
Small Defects
666 quickly relieves Constipation,
Biliousness, Headaches, Colds and
LaGrippe. ^ J
J. H. Pueiicher
WAX IS PRODUCT OF INSECTS
HOW A RIP-ROARING
RADICAL WAS TAMED
By JOHN OAKWOO0
Sandy Collects for Hospitals.
Holmflrth, in the West Rldtng, Eng-
land, has a dog, Sandy, who has been
making himself a name by his clever-
ness.
It was noticed aome time ago that
he had formed the habit of searching
for coins and picking them up. The
next step was that he was taught to
put them In a collecting box for the
benefit of the local hospital.
Now' people give him their assist-
ance by dropping coins before him, and
these he picks up and takes to the box.
Sandy Is sharp enough to remember
which people have encouraged him,
and to waylay them and solicit their
continued favor.
Hew to ths Line.
Editor—The meter In your poetry is
too Irregular. You have to stick to
one type of foot throughout.
Poet—But the best poetry has to be
somewhat varied to meter to avoid
monotony.
Editor—Quite true, but one must
first be able to write the best poetry
before one Is privileged to follow her
rules.—Princeton Tiger.
His Motto.
“So Bill married that plump little
girl who used to giggle so much.”
“Yes. Bill evidently believes in a
phort wife and a merry one.”
j,... m *w\
%
m
The best story of the taming of a
radical I have ever read is told by A.
B. Farquhar in his book “The First
Milliou the Hardest.” It throws more
light on the meaning of capitalism
and the futility of socialism than a li-
brary full of books on sociology, eco-
nomics and politics. Here it Is as
Farquhar tells It:
“Ths best antidote for acute eco-
nomic insanity is ownership of prop-
erty. My favorite example is Otto
Steininger. He was one of my first
employees and was a rip-roaring an-
archist He insisted that all wealth
came from the workers and therefore
should go back to the workers. He
was particularly bitter against his
landlord and hardly a week went by
that he did not announce that he had
definitely decided that he would like
to shoot the landlord the next time
he came around for the rent. Finally
I asked him smilingly after one of
these outbursts;
Buy, Don’t Shoot
“ ‘Why don’t you buy your own
house instead of shooting your land-
lord? Then you would not have to
pay any rent. If you do shoot him you
may get into trouble.’
“He did not think much of the idea
apparently but in a day or two he
asked me how he could buy the house.
I answered: ‘That house can be
bought for $800. You are getting good
wages. I will buy that house for you,
take $4 a week out of your wages,
and in less than four years you will
have it paid for.’
“He went off again. The next time
he came back it was with his wife.
He said: ‘We are going to buy that
house but-since we have no children
you can take $10 instead of $4 a week
out of my pay envelope.’
“I bought the house and then Otto’s
chief concern was to get it paid for,
which he did in a little more than a
year. There was another house next
door to him. In a short while after
he had paid for his first house, he
sidled up to me and said:
“ ‘I can buy that house next door
for a thousand dollars. Now that we
have no rent to pay we are going
along good. What would you think
about me buying that?’
“He bought that house and joined
the hated landlord class. Some years
later when it was reported that a
band of strikers were advancing ta
shut all the factories, Otto rushed
into my office at the head of an ex-
cited group of men from the shop
yelling;
“ ‘Get us a lot of shotguns and we’ll
keep those fellows out of here! Those
fools expect a man to work and save
and then walk In here and take what
he has got without paying for it!’
“And that," Farquhar concludes, *T
think, is always the way to develop a
conservative."
Important Export of Chinese Provlnoe
Deposited on Trees and Gathered
In its Season.
White wax, one of the most Impor-
tant exports of the province of Szech-
wan, in China, is chiefly found in the
districts of Klating, Chiewei and Ipin,
and along the Yangtze river In the
vicinity of these places. It is a sub-
stance deposited on trees by insects
known as wax insects. Once a year
-—in March—they are collected from
the regions on the border of Yunnan
by the wax:-worm raisers, and are
placed on pollarded trees, either ash
or privet, which are mostly grown to
Klating and neighboring districts.
Speed Is essential In the removal
of these Insects, or they would hatch
out before they get to the wax dis-
tricts, and would thus be wasted.
Therefore, the coolies generally travel
In relays so as to reach the destina-
tion In time for the hatching. When
the moulting period Is over, the worms
begin to deposit the wax on the leaves
of the trees. This process continues j
up to the end of August, when the •
wax Is collected. After dissolving in
boiling water, It Is usually moulded
into cakes of various sizes and shapes.
By J. H. PUELICHER
President American Bankers Asso-
ciation.
It would be difficult to find a bank-
er, understanding thoroughly the Fed-
eral Reserve System, willing to admit
that w e could
continue a first-
class commercial
nation, without
the Federal Re-
serve Banks, or
mechanisms sim-
ilar to them. Yet
there Is antag- '
onism to the Fed- j
e r a 1 Reserve
Banks based in a
measure on some
minor mistakes in administration, but
more generally on a misunderstanding :
of their purposes, of what should be
expected of such a system.
The banker, as much as any man, is j
to blame for the present miscoacep- j
tion. He found Federal Reserve
Banks a ready scapegoat to blame for
no matter what happened. If it ;
seemed desirable to refuse or call a
loan it was easy to say that the Fed-
eral Reserve Bank wished it, although .
it should have been refused because
contrary to good banking practice. j
Most of all was the system blamed !
for t*ra fact that violent inflation j
which hundreds of business men and .
bankers hoped might be continued
forever was finally checked by putting
up Federal Reserve interest rates.
There were those who blamed the
system for not having put up the rate
soon enough and others who blamed
it because it put up the rate at all.
The penalty for thus blaming every
business mishap on this valuable sys-
tem may be the loss of Its much
needed benefits. If we wish to save
the present bank of the United States
from the fate of its two predecessors
we must make known to America, to
WANTED—Men or women to taka
orders for genuine guaranteed hosiery
for men, women and children. Elim-
inate darning. Salary $75 a week full
time, $1.50 an hour spare time. Beau-
tiful spring line. INTERNATIONAL
STOCKING MILLS, Morristown, Pa.
Fish Food Prized by Chinese
The rarest sea food consumed today
is -probably that furnished by the ^
amphioxus fisheries in China, and
there is believed to be no other food
in general use whose source of sup-
ply is confined to so limited an area.
The amphioxus, a tiny marine animal
averaging about three grains in weight, ^
has been capture dfor centuries by
the inhabitants of the village of Liu-
vutien, near Amoy, on a narrow strip
of sea bottom less than a mile wide
and extending for about six miles
the sea coast.
On this little strip of coast about4_—J
200 small boats, each manned by two *
men, are engaged for from two to four
hours during the ebb tide of every
calm day from August to April in
dredging for amphioxus for the mar-
ket, the catch for boat averaging about
IB pounds a day. Between six and
seven million of the tiny creatures are
caught every day.
The inhabitants of the region near
the fisheries prize the amphioxus as a
dainty.
Pleasant Place to Live >
Earl Russell’s memoirs contain a
number of sporting reminiscences. In
his chapter on yachting he recalls con-
ditions in Marseilles in 1887. “Walk-
ing home about midnight we used to
walk carefully in the middle of the
street, while I kept my revolver handy.
This was on the advice of old Pog-
nano ((a French engineering friend).
He said that in the quarter near the
its rank and file, the splendid useful-, harjj0r there were a number of people
ness of these institutions. , ,, .
W. must admit at the outset that I wh0 '"'“l'1 y0Ur th5°“* °f k”“®
IB their administration mistake, hare i for ten anfi hl3 .
been made, that governors of Fed-1 were quite simple and direct.
eral Reserve Banks and members of!“Wal kin the middle of the street ;if
the Federal Reserve Board are human
beings, and In the administration of
the affairs of any Institution by
human beings mistakes will be made,
but these hare been s« insignificant
as compared with the outstanding
usefulness of the Institutions them-
selves that they should be judged by
the good which they have performed,
which, after all, has been along the
line of their designed achievement,
rather than by those errors which
time and experience can easily elimi-
nate.
j any man sidles up to you or offers to
ask a question, bid him keep his dis-
tance; if he doesn’t, shoot him dead.’
I suggested that this method however
desirable, was perhaps a little drastic
for civilized centuries. 'Oh, no,’ cheer
fully replied Pognano, ‘you just leave
your card on the body, and all the po-
lice will worry for you is to pay the
expense of the funeral.’ ’’
GROWING RECOGNITION
OF ADVERTISING’S USE
Advertising first established its place
as an economic factor as a sales aid,
but as understanding and use of it
have increased, its possibilities in oth-
er fields have developed until today
we find it employed in many forms
of service hitherto unthought of. Ad-
vertising has long been hampered in
its use by precedent, tradition, con-
ventions, and prejudices, which, un-
der analysis and experience, find lit-
tle to warrant their existence. Gradu-
ally the falsity of their claims is be-
ing proved.
We were told for many years that
it was undignified for a bank or fidu-
ciary institution to advertise, and this
edict, born of some superstition of the
past, was accepted without question
until finally it was intelligently chal-
lenged and it was discovered under
analysis that there was no sufficient
reason for its support. The inevitable
conclusion 6f logic is that, whatever
is of genuine use to human beings,
whether it be goods or services, can,
with truth and dignity, be advertised
and sold, and that it is just as proper
to merchandise forms of service as
various kinds of commodities.
In the logical development of this
new understanding of the power of
advertising during the last decade,
we have seen many of our banking
fiduciary and investment institutions
actively employing the sales value of
advertising in the marketing of their
services. In this intelligent use of
publicity they are not only increasing
their own immediate business return,
but they are also helping to spread a
better understanding of financial serv-
ice and economic fact and theory up-
on which solid business relations can
be built.—Francis H. Sisson, Journal
of the American Bankers Associa-
tion.
Embraced by Monkey.
A horrible experience befell a letter
carrier’s wife of Babylon, N. Y., when
a monkey dropped on her shoulders
from a tree and embraced her. She
was riding In her surrey through a
lonely stretch of road, between Baby-
lon and Lindenhurst when something
dropped as If from the sky and land-
ed on the seat beside her. When hairy
arms encircled her neck she screamed
and an unidentified rabbit hunter ap-
peared on the scene and shot the
monkey. The dead monkey was
brought back to Babylon, where the
Woman will have it stuffed as a me-
mento of her unusual experience. The
monkey is believed to have escaped
from a ship off the coast near Babylon.
COOPERATIVE FARM
MARKETING NOTES
Progress of the Movement to
“Put Farming on Par With
Other Big Business.”
Rifle and Shotgun Combined.
Four-barreled guns are a recent in-
vention of an eastern gunsmith. They
generally' have two rifle and two shot-
gun barrels, although the arrangement
Is occasionally varied. Two shotgun
barrels of the same gauge are usually
placed on top, while below them are
two rifle barrels, one of high caliber
and the other of low caliber. In gome
designs the rifle barrels are placed one
above and one below the two shotgun
barrels. This type of gun, it is
thought, will be of particular advan-
tage for hunting In a territory where
a wide variety of game abounds. The
weight of the guns Is about eight and
a half pounds.
To Protect Plants.
Growers placed parchment cones
over the hills of cantaloupes to pro-
tect the young plants against Insects
at the suggestion of the county exten-
sion agent in Dona Ana county, New
Mexico. It was found that the tem-
perature under the cones remained
from five to ten degrees above that of
the outside air, so that plants under
them were not injured by a light
freeze which killed unprotected plants
in that district. The growers stated
that the covers paid for themselves In
securing better and more uniform ger-
mination aside from fhe protection
against Insects and frost.
Utilizing Him. _
“Obbahoogin ! Labbadoogoon! Blug-
gablabble!” cooed the Infant.
“Dear me!” sighed the young moth-
er. “How I wish little Hubert would
learn to talk!”
“Talk—nothing!” shouted the prod-
igy’s sire. “Gimme paper and pencil!
If he’ll just keep on that way I’ll soon
have enough names for Pullman cars
to win us a million dollars.”—Kansas
City Star.
A pamphlet and questionnaire on co-
operative farm marketing recently is-
sued by the State Bank Division,
American Bankers Association, has
brought out valuable information on
the subject from bankers, farmers and
state agricultural departments. It is
being used as a campaign document in
the organization of co-operative mar-
keting associations in various sections
of the country, farmers having adopt-
ed its slogan: “Put Agriculture on a
Par with Other Big Business."
* * •
The movement on the part of farm-
ers toward co-operative marketing a*
a cure for their present economic
plight is nation-wide. There has been
notable progress in the development
of such associations, some conspicu-
ously successful ones being in opera-
tion at the present time. There have
also been some disastrous failures
among these ventures in co-operative
marketing, which is the inevitable ac-
companiment of the progress of any
movement. The “Banker - Farmer,"
published by the American Bankers
Association, says:
"Cause and effect are operative In
oo-operative marketing as truly as
they are in every other business enter-
prise. An association will not neces-
sarily succeed or fail merely because
it is a co-operative association, but be-
cause It conforms to or transgresses
from the underlying principles of suc-
cessful business operation. The move-
ment itself is of great national import
and the bankers of the country can
materially aid or retard its progress.
The responsibility of leadership in
rural communities rests very largely
with the country banker. It Is his
duty to be informed on all matters re-
lating to the farmers’ well-being.”
* * *
Modern conditions are such that ag-
riculture cannot be successful by In-
dividual effort. To regain its position
as a basic industry, and as a force in
national affairs, agriculture must de-
pend upon organization and co-opera-
tion for economic production, for eco-
nomic marketing and for the estab-
lishment of ItB proper relationship in
community life. — Howard Leonard,
President, Illinois Agricultural Asso-
ciation.
San Antonio, Tex.
200 ROOMS
200 BATHS
V
$2.50 Per Oay Down
saasnssiifiiHBii
A trial
is ail
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Warrick, W. E. Aransas Pass Progress (Aransas Pass, Tex.), Vol. 13, No. 16, Ed. 1 Friday, August 17, 1923, newspaper, August 17, 1923; Aransas Pass, Texas. (https://texashistory.unt.edu/ark:/67531/metapth990507/m1/2/: accessed July 7, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Ed & Hazel Richmond Public Library.