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Newspaper
Advance Hustler
Location
Advance, Indiana, United States of America
Date
Jul 26, 1923
Page
4
Morrison and Waters announce advance of coal in Indiana with plentiful supplies on hand and in transit. They warn prices may drop later and urge customers to buy now from Advance Hardware Co.
July 12 ceremony at Rev. Hardy Lum home in Lebanon united Zola Bernice Martin daughter of J. H. Martin and wife with Walter Moore son of Squire Moore of Biluffton Ind. The bride, a Crawfordsville HS graduate, taught in Olive Hill Kentucky. groom is a P and EB station agent in Jamestown. They will reside with bride's parents.
June Shera of near Lebanon was guest of Thora Melson. Numerous visits and relatives appear from Lebanon Danville New Ross Terre Haute Indiana polis and Indianapolis. Birth announced for Alva Cory’s baby girl. Several families and guests listed including Brattons Ferguson Broshars and Lasleys.
The article critiques the Edison Ford plan for government warehousing and loaned currency, arguing fixed values ignore market prospects, favor speculators, harm farmers, and neglect banking soundness. It notes Foster's view that future prices matter, not past averages, and warns that unsound money damages the economy and benefits speculators.
The piece warns that paper money devalues debts as Germany printed trillions of marks since 1913. A 20 000 mark mortgage on a farm, worth about $5,000 then, becomes nearly worthless as inflation erodes the real value of eggs and prices, illustrating the perils of fiat currency.
President of the American Bankers Association argues thrift must be modeled by parents for their children. He says thrift shapes both individual character and national economy, urging habits formed in youth to determine future success and social welfare.
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