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Newspaper
Monticello Express
Location
Monticello, Iowa, United States of America
Date
Apr 29, 1920
Page
5
Higher rates push up borrowing costs as Chicago Federal Reserve tightens credit. The piece notes bond markets offering 7 to 8 percent, warns borrowers on renewals, and cites Iowa figures like Clyde Herring as a possible governor candidate amid political maneuvering around Wilson and Meredith.
In Springfield Mass the writer contends aviators’ deaths on postal air routes show no public need or science gain and question ongoing postal fliers. They note a Newark landing collision, New York fog near New Haven, and oppose a 1.45 million dollar Chicago to San Francisco air route as misused funds.
The piece notes amplified wealth in London and throughout the kingdom, altering living standards. It describes shopkeepers, apprentices, and workers demanding more while money loses value, causing higher prices and discontent, with goods and food becoming scarce as taste and consumption expand.
The editorial argues that coal mining cost increases either cut operator profits or raise coal prices, and without government price regulation the public bears added costs. It notes miners wage hikes are often not mirrored by retail price gains, fueling consumer suspicion and growing support for nationalization.
Oklahoma businessman L L Hammond forecasts gasoline at fifty cents a gallon before summer's end with a gradual rise due to crude oil scarcity. He notes European prices are higher and that prices may double before eventually falling to prewar levels in two to three years.
Vice President Marshall defends broad free expression but argues punishment for deceitful or unjust utterances. He cautions against irresponsible agitation by barnstormers and insists on enforcing laws, including rail arbitration and anti-strike measures, to protect society and government functions.
The author questions the impact of a prevailing craze on clothing costs, noting it would double prices for workers whose outfits must conform. They ask why professionals would cling to old clothes when higher costs threaten budgets, suggesting prudence over reaction. The piece warns against chasing costly trends and unnecessary reversals.
A roundup of obituaries and local incidents from Fayette to Olin and Monticello includes the 50th wedding anniversary of Mr. and Mrs. Henry A. Bender, deaths of George W. Rummel and BEM Edwards, Bellevue sewer talks, and Millie Blizek’s death. Fire at Northwestern Felt Shoe Co. causes extensive loss. legal actions against Dubuque hotel firm. lessons from Mr. Round’s death near Franklin Grove. The piece also notes civic topics from Independence suits to American Legion rifle supply and a lengthy Los Angeles Times editorial on slowing down in business.
A Philadelphia Public Ledger piece argues a smile signals resilience and faith despite trials while noting the Iowa Bankers Mortgage Co of Cedar Rapids faces $100000 in missing assets and Beeson’s disappearance amid an alleged double and triple par stock scheme. The St Paul Pioneer Press observes trolley workers push for higher wages, yet oppose higher fares, sparking a strike that affects the public.
April events include Miss Lucy Leech’s death from consumption after four years as Monticello High School principal, M r Wilkins leaving R W Rickless store for Lena Rohn clothing, and Rev. Branson assigned to Monticello. Also noted are Burials, marriages, business openings, removals, fund drives, and local births.
A Times Republican column notes policemen in Seattle return to duty in working suits due to cost of uniforms, while Birmingham hosts an Overalls Club plan. The piece mocks sensational thrift stories and urges careful spending aligned with income and needs.
Zoologists at Iowa State College urge immediate gopher control as food is scarce. They recommend placing small amounts of strychnine sulphate on potato carrot or turnip pieces and inserting them into active mounds to ensure uptake. This method aims to protect livestock and children from exposure while effectively clearing fields.
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