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Show jL THE SALT LAKE TRIBUNE, SUNDAY MORNING, NOVEMBER 22 . hand, it allows the admiralty to act aa if nothing had happened, on the other- This week Lord Oxford (Herbert H. Asquith), while enthusiastically Indorsing the Locarno agreement, denounced the Singapore naval base and new cruiser program as Indefensible, on the grounds of Imperial defense and contrary to the spirit and letter of the documents to be signed on December 1. The government cannot escape challenge in regard to its equivocal attitude, and disarmament is bound to become one of the main issue of political controversy The trial of the communists Is not expected to be finished until Monday or Tuesday next- - The defendants are making a rreat play with the alleged treasonable utterances of Ulster leaders in the course of the home rule struggle. Borne doubt prevails mrhwher the will secure a conviction inprosecution view of the fact that an ultimate verdict is necessary and that the allegations are much less specific than had been anticipated. If the charges fall, the government will be seriously discredited, and the only result of the affair Will be to have given a splendid advancement to the communists and to have compelled official labor to come to their support in spite of the goent bitter disagreement Famous Room in Foreign Office of House Notable Gathering Dec. 1. Cabinet Attacked for Promoting Peace and .Also queen mother mourned. Pushing Naval Program A Wave of almost personal sorrow passed over the country when an- nouncement was made of the death of the queen mother. Alexandra was the most historic figure left In EnBy A. G. GAROINER. gland, She embodied alt the memories .Copyright. '3926, by Salt Lake Trihunt of the great Victorian age, which now are V LONDON. Nov. is as dead as the age of the Caesars Apart- - from her position, Queen busy at the foreign office prTpring the famous "golden chamber'for the Alexandra had 'been for more than years the moat popular woman momentous gathering on December 1, sixty in the country, and her character and when the Locarno treaties 'will be sweetness hifre been of priceless value iu sustaining , the prestige of sjrned. Since before the war the reception the monarchy In most critical time Pridav. the dav on which Queen room, scene of many historic events, Alexandra died, hsd been chosen for has not been used, and the reopening the city of London s reception to the ,, u by parliament. was unanimous Prince of AVaios on his recent return from his All preparaexcept for the opposition of a small tions had Journeying been made for a section of the Labor party. Foreign demonstration and tables bad public been share laid for the ford mavoris fnnoheon'of Minister AuMen Chamberlain in the turn of events has greatly eu welcome Guild Hail the when hanced his reputation, and a re-- r nous came of the serious illness and markable gathering, representative of subsequent death of his grandmother. a paities, assembled at the Savov on Frid&v in, honor of his ahieement Attack Cautes One effect of that achievement is final disappearance ef the warlike Death of Beaver Man attitude "toward Germany. Many things have contributed to The Char-A- ' Special to The Tribune, .this change of feettfi terls affair In New York, lit blowing Nov. 2L Samuel Orson BEAVER, Kadaver. tory to the White, 81, died at his home' at W the monstrous winds, has had an important effect, oclock Thursday morning of heart and the prompt action of the Germane irf volunteering gfd In regard to the failure. Mr. White bad been In failI has made a great ing health for some time, but his submarine popular impression. Funeral , The submarine tragedy has. led. to death came unexpectedly. m much dtscusalon of the dosirabihtv services will he held from the Fast Chairman ward chapel Sunday afternoon at 2 of abolishing submarines MacKinnon of J.ljds has taken the oclock. lead m the matUrr on fnorfii 'and PARTY HELD. PILGRIMS business grounds, and he has been Hpeeial to The Tribune supported by some nftval experts who 21 Insist that the submarine as an efNo BEAVER. The Mutual fective Instrument of warfare now Is Improement stake officers enterobsolete tained Wednesday night for all ward practically The main difficulty is France, officers, both new and retiring, at a 11 which regards the submarine as a Pilgrims party. Those In costume neigh- - represented the Indians, who first inneoeary defense against her - hors overshadowing navy. Hut. It is habited the country, and the Pilargued, if Locarno has anv reality, ft grims. who cams later. Recreational means an entire Change in the inter games were played under the direcnational atmosphere and must result tion of Warren Pendleton and Miss in mutual disarmament, Grace Skinner, recreational leaders w The criticism of the fyrvernmnt la During the evening, refreshments that, while promoting a scheme for were served by a committee in charge practical outlawry of war on one of that part of the entertainment. ' r who had 11, 000.000 and who, for safety, I tion of credit dollars to the counon farina had Invested It in morta try s total supply works the same effects as the addition of actual dol- or In any aort of property at, let lar bills, ft followed that tha federal say, $ per cent. Before the war hie reaerve aystem added to the effect Income was 950.000 a year. Since the of increased gold supply. The total war he continues to get his $60,000 a amount of money, actual money plift year. But each of his dollars Is now credit money, In the country waa in- worth only $ cents. He hae been recreased. Thereupon the monetary duced in his riches by about leae luxd law described above worked: The He la able to buy d less value of each dollar decreased, the uries, able to command prices of good a wages, commodities service. of every sort increased. PRICES GO UP. So far ww have described two things Only those were reduced who had which worked to diminish the value wealth In mortgages, bonds, of the dollar, to increase the prices their Let us, therefore, attempt the illusbalance and the like. Those of us now turn bank of wages and good a ' tration: who had their wealth In, goods the rich Imagine that anv city like Des to a third that worked in the Mine profited by tha decrease in the value Moines, or Portland, or Detroit were direction even more strongly. of the dollar. A piece of goods which suddenly inclosed by a wall and combefore the war was worth $1 now beEFFECT OF WAR, pletely cut off from communication came worth $1 10. war As came. each The country of the world with the rest Imagine The class that was most certainly the war it faced immense exthat immediately thereafter the total entered decrease penses. To meet those expenses each and generally helped by the waa the quantity of money in ghat city' was country la the value of the dollar monev. began to print more doubled the total quantity of dollar before the earner. his If wages in more to create wage it money began bills In the banks doubled, the total now became a war $4 day, they werg It created more way It knew. quantity of silver in individual pock every another to Due a credit $$ bonds. It this, plus day. money by ets doubled, the total quantity of created mors paperissuing money by keep- cause 1 shall explain it a moment, the every kind of money doubled. ing Its printing presses going. Immigration reetriction law, the wage Every country did it. And in ac- earners, skilled and semiskilled, of the DOUBLES. EVERYTHING law United States, have been elevated to fundamental cordance the with It would Immediately follow that stated above funa state that labor never before had, that law is every Individual would hays twice as damental Indeed the Value very of each not in any country or at any time. much money as he had before. That piece, of money decreased- The price The elevation of the poor and the is j obvious. But the next result is of each piece of goods rose. , poor Is the outstanding less easy to follow, and failure to realso much money comparatively causes I havt been deprinted Germany ise' It is'at the root of most finan- that the value of the mark, starting result of theae Is likewise the chief cause It scribing. cial heresies. This next result la that at 25 cents, went down and down and of the kind and degree of prosperity the price of every bit of goods In the down until It reached sero. Austria now prevailing in America, city would double. (This ds subject and a few other smaller countries did IN COMC FIGURES. to 'Some exceptions) The ramificathe same. France tions would take some time to work francs that the valueprinted To ehow how the class with relaof one. starting out. but within a reasonably short at a little over 20 cents, went down tively smalt incomes has been Inperiod a piece of land worth $1000 and down until today it Is about 4 creased and how ths class of rich has would become worth $20. shoes for- cents. consider this tsbla. It is decreased, The United State did not go as far condensed and simplified from income merly priced at $2 would be priced at were $4. wages that formerly $3 as any of the other oountnea. We tax reports. It shows the number of would becom $6. created a vast deal mors money, persona receiving each Incoma menThis result la what followed tha In- credit money and otherwise through tioned In 181$ and then in 1921: crease of gold In the world. The sums the Issue of liberty bonds and in 1913 ISIS. Inonm. result was helped bv several other other way. When we reached the t 4.000 114,871 l.m.to events which we will now consider. height of our creation of additional 661.164 11.064 4,000 These-othe- r events were- wore im- money, the value of the dollar had 221.204 44.848 10,000. gone dnwn from 100 cents to about portant than tha increase In gold 10,200 10.000 8,!M 40 we cents. Then stopped. After have put the Increase in gold supplv 14,60 11.858 60.000 first because tt'fwaa earliest in time we stopped the value of the dollar 100.000 2.620 8.448 and because it best illustrates the rawled slowlylost.upward part of - the 150.0ir 1.430 1,684 the way It had Up 4o date fundamental law of monc 840 1.444 IOO.0OOM value of the dollar ha crawled back 280 824 THE RESERVE SYSTEM. to about 6 cent. It has been at 800.000 160 624 600.000 Previous to 1914 es h bank in the that point for some time. ApparentUnited States sfflort on fM own hot- ly it 4a she disposition of the admin- , That, la ta aay. the numbr of Amertom Each bank had to- keep ft self istration at Washington ofto keep the icano having Incomea of 14000 a year future Vain, tha dollar In aeven year, between IMS and ready to return to Iu depositor all- Prrnmnent What waa 10l grew about thla point a s23. from In Kach the mone had something more than put la 1915 before to be for the hundred thousand to something more bank had to w,JL in mind at all times rente ua be 6$ cents future careful, than a million see the exact figures the fear that on any clay a considerto make too confident above. The number waa multiplied able number of the depositors might ahowever, not ftbout The the future prediction almost ask for their money by ten. Consequently disposition to stabilise the prewar la It that Increase In the number of each bank had to keep a fairly large dollar at 68 cents may not be posas it is called, s fairlv sible to accomplish. Tha value of persons getting about $4000 a year reserve, large amount of money in 3 tills the dollar, may be affected upward that is the chief basis of thsIt present Is they readv to pay out. or downward bv any one or any group boom In the tnlted States who are buying the nutomobllea, the With the ' federal Teserve system of several possible future cause ) .It verv radio sets, everything. that changed. To express DOLLAR WORTH M CENTS. Rarely In all hlstorv haa there been roughly: Unde? the federal reserve This change In the value of the such an eletatlon of the average man system most of the hanks in the kind aa of 68 a for to joined that. American dollar down cent country together Turn now to those who before tha mutual protection of reserves. -They worked inftnv effects, most of them thefedpooled their reserves. After portacular and important The rami- war were very rich eral reserve svsteni Individual banks fication took strange direction, ran The number of persona who bsfors were no longer dependent solely on through American organised soctet . tha war. In the year 1814, had Incomes in In 1821 curea and net The the to of funds 6200,000 a year was 1444. Individual meet queer their angles call of tbeis depositors. Thder the of them all w advantageous- to th. mimb,r of these persons had desome manv to a and Is disadvantageous federal reserve system if there creased to S40. One very important result was to sudden demand for money from a WARS REDUCE WEALTH. bank in Txa it can call on the ag- tske away from the wealth of manv At this point let us pause for a who before the war comgregate of ail the banks in the fed- of those posed the richer classes. Every per- moment of Ironic reflsctlon upon one eral reserve system for help. son whose riches were in the form of of the commonest complaints made THE CREDIT DOLLAR. dollars lost a third of each dollar, by radicals. Their complaint, vociferated throughout the length and Consequently and this is Ihe im- about 34 cents. necesHere again we encounter something breadth of the land during and beportant point it ceased to be sary for each bank- to keep so large slightly difficult to follow clearly, but fore the war, was that the rich were a quantity of. money in Its tills and verv neceaaarv to understand trying to bring on the war because It Consider those who composed what would profit them. Their complete vaults. Kach rank. In other words, was enabled to loan out a much larg- w may call the retired rich, the assumption was that through war tha Each wealthy persons who had retired and rich became richer and that!' thereer proportion of its money dollar loaned was. so to speak, a put their money into mortgage and fore, It ta the wicked rich Who work bonds. Consider the case of a man to brln on wars. And as the addi credit dollar. That i utterly and prepoeteroualy Wars do not further enrich untrue the rti h. On the contrary, wars reduce the wealth of the rich. The figures above ehow It. To thla general statement, however, one imixirtant exception should be made, home of the rich - have their riches Increased if a man before the war hy war had his riches In tha ahapa o( goods, In the shape of land, or buildings, or mines, be shared In the enrichment of the man whose wealth consisted auma exmerely of hla services To naw rich. tent war creates a class of But those who are deetlnad to ba know do thla not war enriched by In advance, and, therefore, cannot have that motive Tor tvrlngtng on war. To thoae who are already rich Six Sedan before a war the economic effect of war Is chiefly to reduce their wealth sometimes to wtps them out. u' lt r (lt - Y rfr85 ft alrdsf Dr Sdililg $ttf Standard Twe'Dssr Standard Four fedm Cabnolm Hog dtm $095 Tue-DsBraufkam DLm m S 4 FewrDoer Sedan DtLum iito) Sedan De Lmm $j6lf (nAeri boat, IJJ inrtaj F.O.J. Si. Lae $1895 F.O.B. St. Louis ' VALUE! of Most Outstanding Value -- 1 x ST , - M-- Fuaif one-thlr- -' Heart AS. one-thir- d. - 11 WVX!WKxA.,tWW one-thir- - at-th- e IT 1925. Qf The Year Buyers who have been "shopping around" compar- ing this car with that, making notes along the way, usually stop hunting whcn thcy sce the Diana Eight. "Diana is most for the money," they say, and then and there another Diana sale is recorded. And that just-abo- ut summarizes the way Diana buyers have doubled, or almost doubled, the business tf the Moon Motor . Car Company in four brief months, BeaMn mind, too, the reason- - Diana Value. (J Diana is the first Light Straight Eight, and you can have it for the price of is the first all-nethe average six. Thats value.-Dian- a all-netools and machinery idea car built with the is value. Diana more product of a $75,000,000 value. And that means high combination if tell are will sufficiently interested you, you engineers to ask, "the Diana Chassis is one of the seven greatest performers built in America, and that means lasting value. Now, have this amazing value demonstrated for your benefit today by appointment only. w w re-sa- le XllXSi2!lS!US9 LABOR. was one great contributory caute to the enrichment of .laboring men Tbit was tha Immigration law.g Before the war an average of of a million like laborers used to come Into the Inlted Statee from Europe eachaa year. one Some years It went aa high In the e mllllone end Tt war the Immediately preceding year waa at one and mlllloqe. All these new Imported laborers were competitors of the labor alIn. they were ready here. They came willing to work for lower wages, end thus they kept down the wages of the labor that was already in the country With the passage of the Immigration reetriction law the labor alto a deready in the country became This le one greet gree a monopoly. cause of the present enrichment of 6 EAST BROADWAY. SALT LAKE CITY WASATCH 6573. the laboring man. POST WAR EUROPE. G450 Avenue. New Addreei Grant Ogden After the war Europe waa very poor. They had eaten up, blown up Cars Diana Moon Diatrtbnton of and f yr Idaho, Wyoming and Nevada Utah, had or burned up everything they ' V could not They had no goods. They were torn make goods because they to ptecea ffhev had to get goods from America. To pay for them they could not send .ua gopda. ao they sent us gold. They sent ua dhelr very wedding rings An Immense quantity of gold came to America. We had. and now have, more than the SON WELCOMED. hav had institutions de that hook. He recognised that sevhistory rest of tho world combined. Jfiisd with tho some purpose aa th eral of the signs of approaching de- Special 1a Tbe Tribuaf. By the law stated above, when the reserve Always they pression listed in Senator burtons Wyo.. Nov. 21. Mr. and quantity of gold In a country In- federalcome undersystem. attark. and always book were then In existence in the MrsSMOOT, Orson Johnson aaoounce the creases the value of each dollar goat have came New to York time for the when financial The confreee of and eon. wages community of a goods birth down, the prices their charters reneaai was de- next morning the banker went goes up. Ho far.In this process hae renew Within a vry few years the turned all of his securities Into America, largely nied been restrained reserve system comes to the cash, and required his clients to do by the wise and deliberate action of federal of its In due course the panic same end charter. the believe this Already original bankers But ecpnomlete law cannot be permanently prevented there are political and business forces of 1607 arrived and the tanker had to renew refusal either If the opportunity to double his wealth that. demand from operating They believe that thla great quantity of gold remains the charter or a reduction In the hy turning his cash hack into securiIn" America It will give rise to more powers of the system A business man ties and goods at panic prices A panic like ths 1907 one cannot and more credit money, land prices who has the falnteot decree of prudence about tho future must include come now The federal reaerve syswill rise yet further. seems It calculations tho poshis possibility at tem makes that kind of panic im pot Just at this moment Simoniz is the beausible that some of our god may go least that the federal rooorve system sible Aa to the other wavs In which th berk to Europe. Europe needs and may some day either ''be terminated want gold as the beats of the new or hare Its functions greatly re- present state of speculation in land ty secret of all good duced and securities mav end it Is difficult currencies they sow establishing. In America remains to looking automobiles. Whether gold speak with oonfidenc because the ALWAYS A REACTION. cauaee of it mentioned above are ail or goes bark to Europe will deterAWier. of tike the whether presPeriods new. mine to a large extent It may not end with suddenprosperity lea Is to have higher prices and ent always have one aooompsnfment. ness at all. It may taper off into s more speculation. . protecta. Always It happens that a considerable period of merely relative depression. v number of people think this particuK Is U. . APTER THE WAR. Impossible to say when wiU net end, that there the endequally Simoniz lar come will prosperity As dura After the war ended, some Ameri will never be another or an- tion also, the present respects causes are so can manufacturers found themselves other depression. Theypanic are always new aa to make Judgment about them with more goods than the peece wrortEwill be wrooc.this difficult Borne of They the beet Judges in could absorb. Thev time. time marked the writers acquaintance think the hate to reduce their output. They Is true that many conditions present condition It will last least at concluded to go on for another year work to make a future penUj or dev others are already putting nt maximum production end dispone preesion lees probable than ones. year.'Jtavn past in their houses order. of the excess by neiUng on the In Of these the chief Is the federal restalment plan. By that action some- serve system. The federal reserve were added thing like seven billions ihe kind of Home-- Economics Club makes one to the credit dollars is country. system a currency particular panic, impossible To that extant the same law about panic, DUCO and aff LACQUERS of depression must fola But period Select New Officer money worked low a period of excited prosperity as come meet when Obviously, the time aa the pendulum ewlnr eastAFTON. Wyo. Nov. 81 Tueerfav tha factorise must alow down. They surely ward after It swinfs westward Rooner cannot add another year and another or of prosperity will evening the Home Krtmomlcs club this later The device of In- Mow down, erperiod one Indefinitely met et the county extension office fall down quickly, to stalment selling can only be need ene decree or another of relative and reorganised. deonoe Officers for the coming veer are pression. A new and amaalng orient ifle punc 1 have said that the fed art I reserve Mrs C. A bmlth, preat- One of the wealthiest men In the as follow: turn proof discovery has been per system haa been one reus of aa In- present writer's eequeJfttanee own dent . Mrs. R. O Crook, vice bv MY. O F Ketarw. BU2b Ia. fected A Mrs C. Loiand. creased quantity of eredtt dollars, and irf hi wealth to sevetary gan building. MltrbeU 8. P., witfe therefore higher prices and more that periods of prosperityonderstsndfrf are followed jsnd treasurer. an aufotnohrie tire was puncwhich reserve sysfederal The Tb as taken up hy speculation project work periods of depression. For a iarpe $67 without tured wae times a kef of sir. tem Is a fine and useful Institution, by a bureau voted trm te Indebted to share of his wealth he Makee all eld as well as new Urea Wnr lh c,u ?art according to almost universal Judg- the reading of a certain book at a j a the mi an It tony ment of the well Informed In this proof year puncture irceminp field The fnwtap sehtecta and leader. age of time enormoudy Makes rrdl That Its central function, the BURTON 1 BOOR. Fire f'vrewr troubles tire Mm D go nary 'were chosen amelioration of panic Is usefuL hardnothin. A, now ft te expem perdeninr. Mm Oitett J. Ynt tire I charging Many years spo. ly snyons denies la Netwu wants will and Ohio of wrote ) agents It all take It for granted that the CangT s ian Barton nutrition, im. Gedhgs Kenning-!r te send aamiee hook called 'The Theory of Com- - ten federal reserve western le permanent; were serve d foilow-nfgat his va risk wvite him iMvr Refreshment that It will be with ue forever Rut mereiat Griee and Deprearioos Cm 4 Advertisement.) of the eveaifui in !H a New Torn banher read fog the hurts sill It? Bore then once In American There' eome-thln- three-quarte- three-quarter- er V CASPERSON & SNYDER 164-6- . - L Built by the MOON MOTOR CAR CO., St. Louis Pride In Performance Yet he does not seem to be driving fast rather the car seems to be coasting all the When a man drives a Rickenbacker Six Hs knows that no one can pass hio on the road orvleee he gives consent. He knows that when he comes to a hill no one can go up fa star. He knows that in traffic he can get away first. He knows that, in an emergency, by SC ing his brakes the car will stop ab and yet smoothly, without skid or jar. When a man drivee a Rickenbacker Six he finds the car is impatient on ateep grade he passes everything in front of him if the road la clear. On straightaways he finds himself also passing car after car. Ford-Nelso- Co., n Ogden, Utah. time.' At 45 fcnilea an hour he seems to be going thirty Srespecially if he has been used to other cars that labored, vibrated and made a lot of fuss at this speod. When I14 drives a Rickenbacker Six he will wonder what has become of all those grades and bad spots that used to worry him. , It is these qualitiea the powerful, yet silent motor, the wonderful springs and the abience of noise and vibration which make this car first choice of men who know most about motor cars. -- - Inc., GEURTS-SCHOFIEL- D, 679 So. State. . Wasatch 3670. Salt Lake. Silvagni Motor Co., Helper, Utah. Vrtfcl Eht PrUna down-tott-- . It cleans, polishes, t D Lmmm Tire Punctured 857. Times Leaks No Air ( f.6 $sry pfs Mr hm prval-mo- ! mi L P) i Sn ?) ( IaS vr Frrt. st S 1 dmnrtv |