Show iTh The DAyI DAY IN DOLLA i I M I I I V V Statistical analysis analysis' shows that it ItI takes 1 53 worth of ot clothes to buy the dollar that a a. dollars dollar's worth of ol clothes would have bought in 1926 1028 worth of ot electricity to buy a dollar worth of home construction construction tion lion to acquire a 1926 worth of automobile tire to equal the dollar of live five years ago This thin thing of giving more and more goods goods' all the time for the same old dollar is isa isa isa a great inducement not to invest in iri productive enterprises not to employ labor in m making things that will be worth less when finished than when started not to do anything toward relieving the business depression It would s 's seem em that a mild dose of Inflation in inflation In In- would help a il lot V toward blocking the decline of prices and changing the attitude o of the folks who normally would be investors Away Away A Away way to stabilize prices will have to toC tobe tobe be C found before it will be possible to o stabilize wages stabilize employment employ i ment meat or stabilize stocks slacks The slIver silver people think they have discovered he road to stabilization All AU that our ur anonymous guardians at Washington Wash Wasu- ington have hae discovered is that the single metal standard is most sat- sat 0 A vast amount of sympathy over their heir low buying power has hns been wasted on the Chinese The sympathy sym- sym athy pathy should have been reserved for forthe forthe the he people pc of the United States It Its is s they who need it The Thc drop in silver ilver affects the b buying power of the he Chinese only when that buying power is is' exercised abroad From Chinas China's viewpoint silver hasn't dropped gold dropped gold has has' advanced Gold laving baying become so dear it is only good stop buying things that have to o be paid for in gold and buy at home where ones one's silver money buys as Os much as ever ever it did Much light is 15 5 thrown on the monetary situation in China by editorial comment in pa papers rs-p rs published d in that The monthly Peking for September says Silver has hIlS depreciated only in its relation to gold and almost imperceptibly imperceptibly imper Imper- so in its common domestic u use e within the borders ot China C Travelers have not taken long longo longto to o discover that they arc are able to obtain ob ob- ob tam tain most for their gold in lands where depreciated depredated silver is 15 the national national national na na- na- na currency That is is' what has hns happened in Peking There have been seen more American and European tourists in the tho former forner capital and elsewhere in China during the last 12 months than at any time previous in the last half dozen years The wives and families of American American Ameri Amen can military officers ers in the Pacific territory have composed a steady stream passing through China whore they hey can live several days for what they hey would I spend between one sunrise sun- sun rise and sunset in their home towns The Tho result is Js that many scores of practical l people have ave spent the summer summer sum sum- mer in Peking with the te prime prie purpose pur- pur pose not merely to see China Chia but buto butto butto I to o save money I China better beter than most countries Is s able to snap its it fingers at the gold standard standrd The he very ver fact et that it i is only slightly developed mechanically enables it I to carry carryon on without going hat jat in hand to the ere great at banking houses louses for loans loans' of gold gol This Ti tive form fon of production and ad Its It great diversity of products product give it Ita a strong stong position as an am a arbiter of its It own monetary system system The Te United States still more self self- leU- leU contained is I still JUl more independent of the outer world so far as its it money moneys Ls i. i s concerned But But unlike China China Uncle Sam Sa falls fails tais to t take taka advantage of ofUs hs Us independence |