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Show eArthur Brisbane I . S;3 Steel on the Pacific f Mob Psychology 1 " Earth and the Senate Ford's Contribution . i- Q 10 news was the announcement by O the United States Steel Corpora-' Corpora-' tlon that It had purchased the Coluni- bla Steel Corporation, biggest org.inl 1 mutton of its kind on the I'aclflo Coast. i Is important news for the steel Industry.: and particularly Important I fo. California,- and all the Pacific Coast States, when the blppest steel I concern in the world hitherto ' con- lined to Chicago, Pittsburgh, Gary and 3 Birmmgfapm, Alabama, reaches into it the Great West, moving from the At-I At-I lantio to the Paciflo. s The purchase ot the Columbia Com i pany, with Us annual capacity o 3-!0, i 000 gross tons of f.teel Ingots, shows the wisdom of modern Industry. Under antiquated methods Big Steel would have moved to tho Pa-I Pa-I cifio to iight Columbia Steel aud "try " to put it out of buBlness." Instead j the power and intillgence of the Big Steel Company, directed by Chairmuu f Myron C. Taylor, and President Fir--t rell, will be concentrated on making steel, not devoted to fighting some-I some-I body else or paying doubly for a double overhead. I Mines In Utah will supply ore for ,' United States Steel Pacific Coast i plants for, the present ' s Later hydro-electric power from tlio : Columbia River may take the place of ,v coal, If the steel experts develop, as v. they hope-to do, steel production by elfctrlcity, which will mean a savins " ' of heat, and production of pure steel v of a quality hitherto never ruada in quantities of the "pure iron" of tho: t Damascus blade. ' . i ; You will be glad to hear that the Federal Reserve Board says the Wall f Street earthquake Is over, public fears calmed. J It may be permissible to remark therefore while the earthquake Is still ) fresh in many minds, that gambling Is i dangerous. - I -i And It Isn't necessary. , There are if. ather better ways of making a living f In the United States. In addition to if which gambling Is no way to maka1 a living. ' ;'! j l Washington says stock market dif-'. r Acuities are due to "mob psychology.'' They are due to the fact that 20.000, ! i 000 people started gambling all at " ' once and the same 20,000,000 tried to sell stocks all at once. ' ': The condition In Wall Street Is like j that following the cry of "fire" in a ; tneater. Soon a good many millions ' . will wish they had remained quietly j t? in their seats, refusing to be stam- I .. . . . peded. , . . i x Those that foolishly talk about a ; t national paLic, will please remember f that the Income of , this Nation is . one hundred billion dollars a year. ; AJ1 that the people may lope now ; In the stock market they can pay for j 4 in a year or . two If they will stop gambling aud save,' some money. i J The earth turns on Its axis about t : 1,000 miles an hour, 25,000 miles in f. twunty-'four hours..'. Because of Its A size, the eartli's motion Is slow. 1 At the same comparative rate of speed, you could not detect any mo- ; lion In a cart wheel, revolving once In twenty-four hours. ' j ' However, as ' President Hoover ; Justly complains, 4here is something 4 slower, and that's the Senate's mo-, . ' tlon on the tariff. 1 I It has been considering a tariff bill, as the President snys, "since June, with fiftoen schedules to work' - out, and has not yet completed soiled-! ' Edsel Ford announces reductions in - " Ford prices, expressing the belief, of , the Ford organization, that "basically, -t the industry,, and business of the country are' sound." . , j There is no better contribution vto "1 prosperity than to give buyers more gpu- thoir money, when greater effi- T- 4 ii'ncy makes that possible. i ( ,' It isn't how much money you get j i but what you get for your money that I counts. Two more great oil fields have ". been found, one In Texas, one In Kan- ' saS. And it is called "a misfortune harmful to the price of oil stocks." . It ought to mean general satisfao- ; ' tlon, proving, the limitless wealth of . ,,i this 'country. Unfortunately, oil com-j paules and government combined j have not learned to protect oil re- ' " sources and prevent criminal waste.: ' - V- What engineers call . "the nearest approach to a nothing but wing" if plane is shown in Germany. Tailless, f shaped like an arrow, it has a propel- ' ler that pushes, one 8-horsepower mo- tor, and goes 78 miles an hour. To f learn to run this plane is easy, only i 30 to 40 feet needed for a take-off '' and vertical rudders act as brakes In I landing. - v- This plane, revolutionizing air- ' plane construction according to conv - petent engineers, costs only $800. 1 Tens of thousands could be sold, in this country. |
