Mason City Globe Gazette, August 20, 1929, Page 5

Mason City Globe Gazette

August 20, 1929

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Issue date: Tuesday, August 20, 1929

Pages available: 19

Previous edition: Monday, August 19, 1929

Next edition: Wednesday, August 21, 1929

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Publication name: Mason City Globe Gazette

Location: Mason City, Iowa

Pages available: 311,935

Years available: 1901 - 1994

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All text in the Mason City Globe Gazette August 20, 1929, Page 5.

Mason City Globe-Gazette (Newspaper) - August 20, 1929, Mason City, Iowa We Finance Homes Save Your Rent Money If you own a lot of reasonable value we will furnish the money to build you a home and allow you to pay us in monthly payments like rent Better have a home of your own at the slid of five years rather than a bunch of rent receipts Call us up and let us explain our plan to you MOORE MOORE me 629 South Federal Ave Phone 119 Your Cheapest Necessity Fire Insurance Your fire Insurance dollar pays fo immunity against financial loss when calamity overtakes you But that dollar buys so much more than the indemnity it pays for that it ranks as one of the most effective dollars you spend Its purchasing power is away above the Fire insurance from the indemnity stand point alone is one of the cheapest of present day necessities Its cost has consistently de during the period of war in every year for the last twenty And this hi spite of the fact that insur rendered by the 239 Stock companies constituting the National Board of Fire multiplied its activities for the public welfare and greatly enlarged their scope Research and Engineering Your fire insurance dollar may pay for indemnity onlyt but for good measure the Stock Fire Insurance companies provide engineering and research services to make life and property in which to test materials and tific measurement of fire construction detection and in many other voluntary measures designed to lower the fire waste and thereby reduce the coet of fire insurance A thorough understanding of what Stock Fire Insurance really means and a greater public use of its result in a still further reduction of the fire waste and a consequently greater service to the insuring public THE NATIONAL BOARD OF FIRE UNDERWRITERS S3 John Street New York A NATIONAL ORGANIZATION OF STOCK FIIiE INSURANCE COMPANIES ESTABLISHED IN 1856 SOUTH AMERICAN PEACE OF IMPORT TO WHOLE WORLD Foreign Investments Heavy in Southern Half of Hemisphere j By FREDERIC J HASKIN WASHINGTON Aug intrinsic importance of peace be tween Bolivia and Paraguay lies in the fact that a struggle would in evitably bring about foreign compli cations Both countries abounding in natural resourceH but populated by a postoral rather than an in dustrial mechanical and promotivo people exploitation has naturally fallen to foreigners So then military disturbances would cause great uneasiness to the foreign owners of properties in these countries It is customary for European governments the Invest ments of whose nationals are threatened to intervene for the pur pose of protecting those Interests So far as the Western hemisphere is concerned It is equally custom ary for the government of the Uni ted States pursuant to the Monroe doctrine to undertake the policing of disturbances exclusively and to resist any movement on the part of a foreign nation toward participa tion In American affairs Therein lies the danger in the present situa tion and the responsibility The latest estimates show 000000 of foreign capital invested in Bolivia United States citizens own the lions share with 592000000 of Investments But the United States rarely sends troops Into foreign countries to protect American dol lars It is however quick to act to uphold the Monroe doctrine The American investment in Bolivia is some 530000000 in government bonds in mining prop erties and 522000000 in railroads oil and miscellaneous investments Great Britain comes next with chiefly in railroads oil and trade The French have invest ments of in mines and public utility enterprises Other European countries have lesser in vestments Chile Bolivias neighbor on the southwest has some 515000000 in vested in mines and oil properties Foreigners Have investments Nearly all European countries and also China Japan and India have I trade relations with Bolivia The I country has been showing a favor1 able balance of trade of some 50 000000 bolivianos a year the boi liviano being about 39 cefits in I United States money Great Britain takes most of Bolivias I fact that country receives from Bo livia four timesas much as all other nations put together As recently as 1922 the United States received fourfifths as much as Great Brit ain but our trade hasdiminished However the United States leads as the source of Bolivias imports with Great Britain second Tin is the big item in the c trade Profits from tin amouu more than 30000000 bolivianos year Other minerals constitute the remaining chief exports while the imports are largely made up of manufactured goods While these interests are large it is well recognized that Bolivias natural resources have scarcely been tapped The country has 5 600 miles of navigable rivers and is ex tending railway lines with foreign financial and engineering assistance The recent oil developments promise well Bolivia it is believed may prove a highly productive field The oil is of high quality It has an as phaltic base with excellent lubricat ing properties Bolivias public debt is relatively small and in fairly good shape It amounts to only 32700000 boliv ianos little more than the tin prof its for one year The Argentine republic heads the list of investors In Paraguay with 30000000 Argentine gold pesos the peso being equivalent to 06 cents in United States money Great Britain comes next with 20000000 pesos France and the United States have some 5000000 pesos each In vested The Argentine and British invest ments are in many lines the former largely in oil and public utilities and the latter in oil yerbo mate planta tions trade and a variety of other things Germany and Belgium have some capital there American in vestments are in cattle and que bracho the wood from which tan nin is extracted Grants in Chaco at Stako The war waged by Dictator Lo pez in 186570 left Paraguay desti tute of men and money With diffi culty two loans were placed amount Ing to about 15000000 Both had to be sold at a heavy discount They were chiefly purchased in England The Interest payments soon were in default and one meas ure reeorted to by the Paraguayan government among others was the granting to debtors on account of the arrears patents to 145 acres of land for each of unpaid cou pons held In the aggregate this amounted to great deal of territory which now is owned by foreigners Some of this is in the Chaco Boreal the territory under dispute between Bo ivia and Paraguay Obviously the foreign owners mostly British will be keenly interested in what hap pens to their titles jn the event Bo ivia is accorded the basic title to territory in which Paraguay has made grants Bolivia also has made various land grants to foreigners In this disputed field Prospecting rights for oil have been granted by both countries In the Chaco Boreal For example the Standard Oil company has Bolivian title to some 7400000 acres a por tion of which would be affected while the AngloPersian Oil com pany and the AngloBolivian Oil company largely Britishowned are not absent from the field Latin American countries do not have occasion to trade much with each other as all are essentially producers of raw materials that is competitors and importers of their manufactured goods Argentina is a conspicuous exception having de veloped important industries and her trade with Paraguay is large She receives twice as many exports from Paraguay as all other coun tries of the world combined In lha matter of Paraguyan imports Ar gentina again leads with Great Brit ain second and then the United States Success Is Hope For So It will ba seen that should the commission of inquiry and concilia tion now nearing completion of its work on the settlement of the BOO year old boundary dispute between Paraguay and Bolivia fail in its ef forts to bring about a peaceable settlement many nations will find their interests closely touched As failure has leered around the corner at every previous attempted settle MASON CITY GLOBEGAZETTE meat the issue this time ia being watched with unfeigned interest Obviously one of the very first effects to he felt by the big foreign Investors should the conciliation fail and war break out would be large increases In the taxes levtnd by the two countries These would fall heavily upon mines and planta tions of both countries Exercising their right of eminent domain botS nations could extort large sums from the foreign companies located there As both nations claim the Chaco Boreal the interests In that region would be taxed on both sides Should controversy arise over such an issue between the local govern ments and the foreign governments of the nationals who had invest ments there the United States could not avoid taking action under Monroe doctrine Wherefore all things considered what appears on its surface to be a local and almost petty boundary dispute has wide and deep implica tions harboring a threat of world wide importance The bride may not know much about the other details of house keeping but shes usually a canny Gazette FIVE WOULDBE HOLDUP MAN SHOOTS WIFE OF RAILWAY WORKER GALESBURG 111 Aug 20 UP a knock at her door early today MrsW H Kitchen who was expectingher husband a railroad switchman to return from work opened it to encoun ter a strange man Put up your hands ordered the stranger Aw quit your kidding re plied the 26 year old housewife The stranger answered with his gun A bullet entered just above her heart probably fatal ly wounding her The gunman fled but dropped a flashlight which is being examined by po lice for finger print clews sir I wont have my daughter tied for life to a stupid fool dont you think youd better let me take her off your Pathfinder Ellsworth College to Become Part of School System at Iowa Falls IOWA FALLS Aug 20 end of Ellsworth college aa a priv ately operated college has been reached This fall it will open as a Junior college backed and supported by taxation as well as by tuition aud endownment funds under the sup ervision of the city school board Be tween 150 and 200 students are ex pected in contrast to the 75 to 100 that have enrolled during the past several years The building will also be used to help relieve the crowded condition in the Iowa Palls high school junior and senior students being housed with the junior college student in the Ellsworth college building The school will offer a regular liberal arts course in addition to normal training and agriculture Ellsworth college was founded by T Tobin in 1890 Two years later E S Ellsworth became interested In it when a stock company was organized This later was in creased to 5100000 and the college finally was reorganized as a non profit making college corporation FILES SUIT AGAINST BEAVERS THEIR DAM CAUSES AN OVERFLOW DULUTH Aug 20 Duluttt attorney has appealed to the state conservation commission for protec tion of his farm near here from a colony of beavers that have built a Clara across the Lester river Accord ing to the attorney Theodore Hoi lister the beavers have built dam and as a result conslderabTS land on his farm hag been flooded Wild animals in and near the vicinity of Duluth are not uncom mon and recently several residents in the eartern residential section of the citybecame terrorized when a large black bear was seen prowling about the lawns with a board of trustees to man age its affairs Exeter N H is the latest claim ant to the distinction of being the birthplace of the republican party We are beginning to think the re publican party wns originally an All Sizes for Women and Misses DAMON Co MASON CITYS FASHION CENTER Many Fine Sample Coats are included Beginning Wednesday Morning at oclock Our Annual August The Event Been Waiting This is Damons Celebrated OnceaYear Cloth Coat Sale New Winter Coats Exquisitely Furred August Sale Price Distinctive Styles i Lavish Trimmings Superb Finishing Dressy Coats Sports Coats College Coats Actual and Even Values TQAMONS assures you that youll not be able to duplicate the stylerightness and workmanship of these coats after this sale The price too will be much more later on Every fashion forecast for autumn and winter is interpreted in these coats The princess silhouette the side and back godets the low placed tiers and flares the larger more flattering face framing collars elbow length swirling andflaring cuffs Skunk Wolf Caracul Civet Cat Mar mink Lapin Krimmer Opossum and FisherSkunk are among the fur trimmings Their fabrics are wondrously rich in black and deeptoned browns blues greens and tans Plenty of large sizes in this sale 510 Deposit Reserves Any Model Deferred Payments Hay Be Charge Purchases Payable n Xovcmhnr Free Storage Until December 1st Arrange To Your Winter Coat This Sale ;

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