OCR Text |
Show an entirely fictitiously high figure, if the world price is considered. So no bank examiner can come snoop- ing around and make unpleasant ana reports, or talk about receivers,, it the Treasury chooses to earry Its slavery fcjlion odd doUrjof fold holjngs t $35 an ounce," after it ha actually dropped say to $30 an ounce on the world market. A shrewd Canadian banker on a visit to Washington agreed with Mr. Edie's statement that the speculators all over the world have already discounted a reduction in the dollar price of gold, but added that he did not know what step the United States government could take which When business men would Washington. stop the flow of the yellow ere gathered together, whether metal to this country. there be only a few at a bridge Would Increase Flow of or an annua the party meeting Chamber of Commerce of the Unit"If you should reduce the price ed States, there will be few kind to $32 tomorrow," he said, "I am One words, privately, for congress. sure it would increase rather than would think to hear them that senadiminish the flow. The speculators tors and representatives are noth- in London and Paris would at once or lot of a ing but cheap quacks assume that this was merelv the demagogues, dealing in platitudes first step. So they would hu.iy to and contradictions. sell their to the United States One might also suspect, if he did before thegold should be further price not look too closely, that if this reduced. country could only be run by a "If you follow the other course congress of business men particuand boost the charge for larly successful, shrewd business suggested,the gold from nine cents, men of the character who would be handling the present figure, say to $3.50, sent to an annual meeting of the which has been suggested, it would Chamber of Commerce it would be not stop your imports. The foreign a far better run country. Economy would be the watchword. Expendi- speculators would assume here also tures would be cut to the bone. that this was just tiie first step, and Taxes could be reduced, individual would hurry to get under the wire before any further cut in the net initiative encouraged, etc. But if the same gullible Pollyanna price they were receiving. "The handling fee seems the most would just examine all the resolutions adopted at the recent meeting satisfactory way out for other reaof the United States chamber, he sons, however, for that would not would be sadly disillusioned. For compel the Treasury tu mark down the same brand of contradictions the value of its gold holdings. It could go on paying $35 an ounce for that makes congress what it is that brings down criticism on the gold mined in the United States and put a heavy handling charge on any head of congress from these successful business men runs through imported gold. Thus the Treasury the chamber resolutions in about could maintain the fiction that its the same proportion that it runs gold was still worth $35 an ounce. There would be no test, because unthrough the acts of congress. And runs through strange to say less the present situation should be without the excuse that senators entirely revised there will be no and representatives have for doing such thing any more as maintaining the things they are criticized for the value of a paper currency by doing. For presumably the men having gold to pay on demand for who are sent to chamber meetings it." do not have to worry about politics. Forty-Hou- r Week They do not have to atop to think The administration is definitely what the electorate back in their r week for home towns might think of this or considering the that action. They do not have to industry in the legislation being planned to take the place of NRA worry about what the Roosevelt-Farlesoon as the Supreme court enas political machine might do to them in the next primary if they largement battle has been decided. The plan is not frozen. It will probdo not vote "regular." No presumably they can vote for just what ably be changed a great many they think is right, with nothing in times before final submission to mind but the best interests of the congress, but there is such geperal r week country, understanding, of course, agreement on the that what is good for business men idea that this phase is almost certain to remain. is good for the country. So what did they do, at this reThere are several flies in the ointcent meeting? ment, however. Chief is the question of constitutional power. Some What They Did of the New Deal lawyers are by no means certain that even if they First of all they were for picked an entire new court of fifCoolidge type economy. Business men and organizations teen, instead of just six more juswere urged to throw their influence tices as President Roosevelt deto obtain reductions in expenditures mands, or perhaps only four or two and to refrain from requesting new more as congress may decree, they government expenditures for any could get approval of the kind of purpose in Uie interest of budget legislation they desire. balancing. It would go much further than Just what one would expect! the Wagner act, for example. It is But the chamber in subsequent the purpose to apply it to all sorts resolutions requested congress to of industries and plants which are appropriate funds authorized by the definitely not within the scope of the flood control act of l!)3G to expedite Wagner act as approved by the Suwork. This might be understood, preme court. but the chamber also urged aid by The New Dealers want to apply the federal government to enable the r week to all sorts of farm tenants to become owners of plants, which by no stretch of the farms. could be said to effect This is the little project which imagination interstate commerce. They want to H. Senator John Bankhead of Ala- apply it to nearly everything exbama has been fighting for, and cept farm labor, household servwhich he estimates would cost the ants, and a few other small federal treasury one billion dollars, exceptions.perhaps but which others estimate would Their Big Worry Cost much more. Then the chamber, as though this So what is the New were not a pretty fair assault on Dealers now is worrying whether it would budget balancing and federal econ- not require a constitutional amendomy, actually voted to approve a ment, after all, to effect what they system whereby a liberal percent- want. Wild horses could not drag of loans made by local private an admission of this from them at age institutions should be guaranteed by the moment. To admit this publicthe federal government! ly would be equivalent to saying Congressmen were not voting for that the Supreme court enlargethis. There was no politics in it. ment, which is so embarrassing to lousid They were just so many otherwise loyal Democratness men trying to show the governic senators and representatives, is ment how to balance the budget. unnecessary that the administration is putting them "on the spot" Sensitive About Gold After the disastrous experience in needlessly. But it is certain of the fundamenbeing the sucker for the world's tal soundness of the r week ' silver producers for a couple of idea. the over the smiles Despite the is senrather years, Treasury is a lot of support, in sitive right now about gold, with a phrase, there for the old technocracy actuality, fair possibility that the rest of the With production in the world is selling ussomething at a theory. above most previup way country price which is going to be reduced, ous levels, there is still plenty of sooner or later. of millions of unemployed It is an obvious fact, Lionel D. evidence men who actually want jobs. New York econEdie, President Roosevelt insisted earomist, told a group at the Chamto callers recently that the nestly of ber Commerce meeting, that the knew government exactly how rest of the world has already dismany men and women who really counted a reduction in the price of want work are applying for gold from $35. His point was that The only fly in this ointment is jobs. that such a reduction would make no he admits there may be a good difference so far as many men who have particular applied at a Shocking the financial capitals of number of places, thus being count- the world is concerned. ed a number of times. Even here, It was pointed out to Mr. Edie he said, desperate efforts are being that to mark the price of gold down made to eliminate these "duplicawould play hob with the financial tions." of statements the Treasury. ReHe said this in opposing an exduction to a price of $30, for expansive unemployment census, so ample, would cost the Treasury, frequently demanded. But the imas far as its paper balance is conportant fact in this connection is cerned, $1,650,000,000 something that the government knows that delike $13 for every man, woman and spite huge industrial production child in the United States. there is plenty of unemployment. Mr. Edie could not agree with, the jobs around" seems this. His point was that the Treas- to "Passing the New Dealers a sure way of ury simply would not mark the val- fixing this, and the forty.hour week, ue of the gold down. , Nobody au- applied to 'all 'industry, seems to dits the Treasury's books. No bank them the logical way to pass the examiner can make trouble because jobs around. the Treasury carries its silver at C Ucll .t HEARD around the LEHI FREE PRESS. LEHI, UTAH ,. MM' Paa-Amcrica- --V- . ,Tr, r,,r HiAl5-iUL.-W- I. GlerM n, i ". rrir mr forty-hou- y fortv-hou- rock-ribbe- forty-hou- hard-heade- forty-hou- well-know- n Syndlcatc.-WJIU.Ser- ytcf. Of'-'- - EA J JifAIN gLJ 0 ) yl i rrri miles Pattern Hiij. Dress up your table, when pany's expected, w.th th-- Comparative Distance in the Two Proposed Above. Routes Are Shown in the Map Trans-Atlanti- c By WILLIAM C. UTLEY flying on regular schedule across the is expected to become a fact in the late rpspnrch. exDeriment jr DrosDective operators of the and studv have convinced the three two proposed routes that the time is at hand. Repeated success in flying the wide Pacific and the blue Caribbean with the giant clipper ships has equipped the operators with the experience needed for flying the most important oceanic course of them ail. Ui foil llll i J aula. vcarc T?i-tr- A airways and Impe rial airways (of Great Britain) have long been making preparations for joint operation which would involve four round trip crossings per week. Recently a third party, Glenn L. Martin, announced plans of comc service. peting in the Martin was the builder of most of the great clippers now flying the Pacific and of many of the army's most successful bombardment planes over a span of 18 years. For his service Martin has designed the largest transport flying boat ever built. For construction of ships of this type his Baltimore plant, which was taxed to the limit in the building of tiie Pacific clippers, is being enlarged. The type c of ship he is building for service will carry 40 passengers, 5,000 pounds of mail and fuel enough for 5,000 miles of nonstop flying at a cruising speed of 175 miles an hour. British Have Two Ships. At such a rate of speed it would be possible to make the crossing from west to east to continental Europe in 18 hours, and to make the return trip, against prevailing winds, in 21 hours. This is about equal to the time required by limited railroad trains between Chicago and New York. It is faster by four full days than the Atlantic crossings of the Queen Mary and the Normandie, the two fastest liners afloat. Imperial airways already has two giant flying ships, the Cavalier and the Caledonia, engaged in experimental flights in preparation for the service. Two other ships of this, the "C" type, have been in experimental service over t h e Mediterranean for several months; one of them not long ago established a record of 13 hours and 35 minutes for the 2,000 miles from Southampton to Alexandria. Twenty-fou- r more type "C" ships have been ordered. The total cost of the fleet will approximate They are a type of transport new to the British. They are comparable in many ways to the Sikorsky clippers of although they are somewhat smaller. They carry a gross weight of 36,000 pounds as against 42,000 for the Sikorsky. They are 88 feet long, 24 feet high and have a wing span of 114 feet. Their four Pegasus engines are capable of a top speed of 210 miles an hour and a cruising speed of 160 to 170 miles an hour. The plan is to use these planes for passengers only on flights between New York and Hamilton, Bermuda; on such flights they will carry 18 in addition to the crew. They will be used for air mail only on the hop across the Atlantic to Europe, carrying only first and sec- ond pilots, ship's clerk, radio op-- ! erator and steward. Unbroken Safety Record. claims to be ready to begin flying at a moment's notice. It has available many crews enriched by the experi- ence of five years of flying over the Caribbean sea. The route from Mi- ami to Panama was for years t'e r longest hop on any of the world's commercial airlines. Since the first flight was made over this route on December 2, 1030, the line has made two regularly scheduled round trip flights a week. In a total of 2,400 crossings there has never been an incident of any kind, and only a few hops were canceled because of hurricanes. has also flown dozens of successful flights from San Francisco to Manila. With the early difficulties ironed out it is now possible to extend the flights all the fif v - I Pan-Americ- 0f t!ie ncvv 403 ;s 201 miles an hour and cruising speed 14; this com- pares with 1!!2 and 157 for the Routes. Two Trans-AtlantiThe now clipper is standing ready for the China run, which completes air mail route ciran the world. Airhalf than more cling line distance from New York to Kong is ohout 1 1 .600 miles, while the distance around the globe in that latitude is some 21,000 miles. The planes beat the fastest between surface transportation Hong Koni; and New York by 23 days, making the trip in 6!i days. On the flight, two routes will be used, the southern route taking preference over the northern in bad weather. They were described by Louis Ludlow, from Indiana who conducted hearings concerning the establishment of trans - Atlantic air mail rates: c trans-Atlanti- trans-Atlanti- trans-Atlanti- trans-Atlant- c "The distance by the Northern route from New York to London via Shediac, Nova Scotia, and Ireland," he explained, "is 3,413 miles. The step-oi- i from Newfoundland to Ireland is a sheer distance of more than 2,000 miles over water, without any landing places. By the Southern route the distance from New York to London is about 5,000 miles, but the hazard of flight is relieved by numerous landing j 6yT Pattern 1410 conta and charts for maki er re-see- n, its npt:m but certainly all mams to c f success seem to of the lacio:-be in the eq ation. ine air mail for trans-At- pustage rate ro:''osed .IS cents ial.'iC ma.i pel icuci 01 f ounce and 23 cents additional for each half ounce or fracwith tal thereof. This compares tiie existing foreign mail rate of 5 cents an ounce and 3 cents for each additional half ounce. The service contemplates the use of air mail all the way from point of origin to point of destination. 'Rased on close calculation of the prospective volume of mail, the department products that at the rate, ti.e revenues would pay the contractual obligations at $2 per mile and the service would be from the start, which would d'fi'ercntin'.e it very markedly from th.e air service to China, which, although it has been in operation since November 22, 1933, still registers a big annual deficit. Air Mail S3 a Mile. c "The picture of the air mail that is in the minds of the Post Omce department officials visualizes London as the funnel through which air mail from all over Europe will be gathered and sent to America. "On the oilier hand, New York is ; over-wate- Pan-Americ- way to China. A new addition to the Martin cliphas in pers which service on its Pacific route is a Sikorsky 42B, largcr'thon any of the ten Sikorsky clippers now being tlown to the West Indies and Panama. It is larger ami improved over the earlier S42 which pioneered 'he Pacific route, its fross weight Doing 42,000 pounds as compared with '38.000 pounds for the earlier tpe. The wing span is Ufl foot against the old 114 feet. Top spe,ed SQUaria Send 15 cents in star: ps or coat (coins preferred) for ::;;s Patters to The Sewing Circle Ncediecraft Dept., 82 Eighth Ave New York, N. Y. Write your name. pattern number plan. idress and r.- one-hal- 25-ce- r.t 'Quotations' Just as we use with moiit Imsi. needs o vve need nunncrs for our daily needs. 17n .i ( .4r(en. The only worthy utti'inlr of an as of a nnliim. this to wrve a greater whole am lo strite for improvement and ennoblement. Albert Einstein. W"ar is not a relic of barbarism, but the fruit of the n li in undfr birh we live. Dei ere I'rn, Fdilor. The silver lining to tbc world if nrvssion is woman's rluiure to provt she really is man's Ik lnn;ile. f.inor nrss i i C,ln. A man of forty is not too old to buve udde up his mind a) u nl many tilings and too young nut lo lie will ing to rhange it. Oeoige Unas. trans-Atlanti- iy Coleman V, Mantle LANTERN Use your Coleman In hundreds of places wh re an ordinary lantern is useless. Use it for chores, hunt-in- ?, fishing, or on any it turns riRht job nisht into day Wind, rain or snow can't put it our. High candle-powe- r lipht Kerosene and gasoline midt'ls. The finest made. Prices as low as $4.45. Your local dealer can supplv yon Perd postcard for FREE Folders. after-dar- k ... (Iff AL' MUcw, WU17Z. Wichita. Kans.; Chic ago, UIj Philadelphia, Pa.i Lo. Angelc., Calif. (6172) intLOLtMAiN LAMr 0. c direction shown; illustrations cf them of all stitches used; material ic trans-Atlanti- C GUI a wmplete fulfillment oris n a big way, or not :cd. is well iounaea of expect; ii w c r.ti com. identical squares, squares they're 'I ,.j either way makes a i.andsnm. 77 sign as shown. Crochet them string and they'll measure inches; in cotton, thev are inches. Join together, "for tea 2 uiuiici ciuui, spread or scarf. ei t'lSe - s either companion fun ir'ern.ediate landing points are by the British. This is true Scotia, Newfoundland Nova to as ard Ireland on the northern route, and Bermuda and the Azores on c,,,thprn route. The Azores are ,,,,,." territory, but conceded the British sphere of under be t0 influence. con-tro'i- COMMERCIAL mm Vk Carter Field U - ' lBs..,- - v JL r,t Crocheted! Are Martin and BritM. Iruporial Airways NATIONAL CAPITAL Dinner Cleft ; Commercial Service. Buildlng'Plancs to Begin X IK TR R OT Pept. One of the Giant China Clippers of Pan American, Ready to Take Off ' Ships of This Type Will Probably Be Used on the c Route. Trans-Atlanti- places. The various legs of this visualized as the funnel are as follows: New York to which mail coming from the through Orient, Bermuda, 773 miles; Eermuda to all in flight ' Azores, 2,007 miles; Azores to Lisbon, 1,050 miles; Lisbon to Gironde. G09 miles; Gironde to London, 500 miles; total, 4,990 miles. "The northern route, it will be seen, is the shorter of the two routes by more than 1,500 miles, but the safety factors are on the side of the southern route, and will be un- til more experience has been ac- quired in combating storms and ice in the high northern latitudes. Un til such time, therefore, it is expected that most of the flying will be by the southern route, which is safe at all seasons of the year. The scheduled t;me for making the flight by the northern route will be between 24 and o0 hours and by the southern route between 38 and 40 hours. Wb.cn we recall that the fastest steamships the Queen Mary and the Normandie consume 4 days and 20 hours making the c trip from port to port, we have an idea of the extent to which the new air service will quicken mail, passenger and extrans-Atlanti- press transportation. War Department Approves. "Two departments of the governmentthe Post Ofliee department and the Slate department are deeply interested in the establishment of this air service," the Indiana legislator told members of the house. "It also is cordially approved by the War department, which sees nothing objectionable to it from a national defense standpoint. As an argument against delay it is contended that it would be in the interest of America to close the matter at once while it has British acquiescence. "It is pointed out that the United States has no way to send air mail to Europo now, or nt anv time in the future, unless Britain allows it .to t;et there as the termini end trans-Atlanti- c , countries sphere north the Western HemiBrazil, and all of th.e United States will pass on the way to London and points in EuFrom Hong Kong to San rope. Francisco is six clays by the China Clipper service; from San Francisco to New York is one day by fast plane, and from New York to London will be 30 hours, so that mail from Hong Kong crossing North America will reach London in eight or nine days by trans-Atlanti- c airmail. "While the contract for carrying the air mail at a maximum cost of $2 a mile will be awarded on the basis of b:ds. it s beheved there competitive is only one company in America capable of executing such a huge contract, and that is the which carries th.e mad to South America, A aska and China. In England a like situation prevails, where Imperial airways, a orovrrnn,. ..u: '' j.uci, concern, is theoutstanding aviat'on It is nrohahV company. , .1 mat .1i:ie servicp .. .. ouil Willi ..v.uii, tbe trans-Atlanti- Immortality There is only one way to get ready for immortality, and that is to love this life and live it as bravely and faithfully and cheerfully as we can. Van Dyke. of KILLS INSECTS ON FLOWERS FRUITS VEGETABLES & SHRUBS Demand original sealed bottle, from your dealer c WNU 20-- W SALT LAKE'S NEWEST 37 HOSTELRY Our lobby Is delightfully air cooled daring the summer wntbs Radio for Every Room A 1 four-engin- e clippers that pioneered 11,0 Pacific, but before our subcommittee testimony described Plans for constructing enormous newsh.ps f,,r service, one t!l,s of trans-Atlanti- c tons and one of GO "The China Clipper ships now in operation are about 25 or 26 tons with a wmg spread of 130 feet The" new ships will ho immensely w, H be written mto J the contfS nU'-,7?,iKd m ,h,S !Mn must be built Ar" "uiy Amor''leans. ihe Post 0:V, e department and State department hehev e after ev. ",nt trans- ... ii . r Atlnnii. "'Iinvestifafiors 'ou-wr.- e . point of America C eti rr, New "' tbe stand- sp.'ipcr Unty), - - HOTEL Temple Square Rates $l.SO to $3.C0 TJm, Hotrl Tempi Sqnnf h" highly rir.iml.lr, frlrmllT lilirrv.You will lwayfr"l l'- " j nlnt-- , supremely mmforlnl thnroucMy aurrral Ic.lou rn" fore understand why HIGHLY RF.COMMF.NW " You can also appreciate why i IV a mark of distinction to sfoP at (hia buaitiful hostelry ERNEST C. ROSSITIU. |