The Cedarville Herald, Volume 55, Numbers 27-52

Hi * CEDAJ1YILLE USEA lii, VJiIHAY. NOVEMBER « , 1932. - - -r-***«—. WORLD'S GOLD Weighing Gold Bars In a South African Refinery, (Prepared by National Geocraphla Society, Washlnuton. 1), q,)—WNU,service, D ISCOVERY of a gold belt more than 100 miles long and from three to teu miles wide In northern Quebec, Canada, and the recovery of the golden treasure o f the'ill-fated steamship Egypt which lies on the floor of the Atlantic off Brest, Prance, have recently brought the precious yellow metal into the' world news. Hardly a day passes, hoivpver, with* out gold creeping Into the headlines. One day a great nation drops the gold standard. On another day anoth­ er nation adds steadily to its stock Of gold; on another a new mine is discovered somewhere; on another, unusually large shipments o f gold cross tlte Atlantic, the Pacific or the Indian ocean. * Despite a universal interest In the gold, the average man probably Jias hazy ideas, of the actual amounts pf gold involved In world stocks, annual production, and the incessant ship­ ments back and forth between coun­ tries. To a considerable extent this is owing to the extremely small unit —the “ fine ounce”—by which the weight of gold Is measured. It will help visualize the amounts o f gold that figure in the •world’s news, if \ye, construct in imagination a “ super dollar” of gold worth one hundred million dollars. ‘ This super dollar will be^a disk one'foot thick and just a tiny fraction less than 18% feet in diameter. It will • thus retain, roughly, the shape and proportion of the ordinary gold dollar, will contain a trifle more than 275% cubic,feet o f gold, and will weigh a little less than 166 tons, Gold production statistics are not available for the period cohered, by th.e history o f civilization, nor even for the Christian era. But we do have fairly accurate estimates o f the total amount p f gold mined In’ all parts of the earth since the discovery, of America by Columbus. Let us im­ agine all this gold brought together today at one spot and minted Into our super dollars. With the aid of a huge crane we can have these huge yellow “chips” piled one on top of another to see how high th ' world’s “ stack” will reach. \Vhen 224 have been put in place the supply o f full “dollars” will have been exhausted. To bring the pile up to date, we will have to hoist to the top as a cap­ stone, a half of .one of our disks, shaped like-half a pie, and worth only $50,(11)0,000. World’s Gold in a Column. Here, then, In a sparkling column 18% feet In diameter and more than 224 feet ldgh, would rest all the gold that has been' gleaned by myriads of men In 440 years of toll. The column would be about as high as a 20 story office building, and would be' worth approximately $22,450,000,000. During the past five years, a “super dollar” has been added to this world pile ap­ proximately every three months— about $400,000,000 worth of gold each year. , But as soon as we have built up our imaginary stack, we mtist begin pulling it do.wn if we would represent the current gold situation. For al­ though almost twenty-two and a half billion dollars worth of gold bas been produced from 1492 to 1932, this is not the amount “in sight” In the world today. Nearly half the precious metal represented by our imaginary stack has been lost, hidden away, or "used up in industry, the making of Jewelry, the gilding o f ornaments, and the like. The total known stock of gold money and gold bars in the world at the end of - 1931 was worth approximately eleven and a half bil­ lion dollars. We must therefore dis­ card something, like the upper half of oflr Imaginary stack o f gold, leaving only 115 of the huge disks in place. This 115 foot tower o f precious metal, that wi have built in fancy, repre­ sents the monetary gold o f the world. On It are based all monetary systems in so far as they depend on gold. But again we must alter our Im­ aginary golden tower. At no time, of Course, has all the world's monetury gold been assembled in one country. The greatest concentration within the borders o f one nation occurred in September, 1931, when the amount o f gold coin and gold cast in bars In the United States slightly exceeded live billion dollars In value, In the United States, then, there could have been built Inst aiittmm the greatest tower of gold that it lias ever been possible to construct of the holdings o f u single nation—a stack of 5() of our gigantic himdred-mlllion-dollar “ chips.'* At the same time France corld lone piled up 23 of the great disks, From France’s sizable 25 foot 'cyl­ inder of gold, the national “ towers” of precious metal fell to very modest ( plies. Great Britain, in September, j 1931, could have built a stuck little j more than six feet high: she could | muster gold enough for only a little 1 more than six o f the super dollars; { Spain and Japan, a little more than • four’; Belgium, three and a half ; Ger­ many, Switzerland, and the Soviet Union, three ; Italy, the Netherlands, and 'Argentina, less than three; In­ dia less than two; and Canada* l$ss< than one. A striking fact in regard to the gold holdings o f countries is that South'Africa, which In the last few centuries has produced an amount o f gold equal to the unprecedented pile possessed by- the United States last autumn,- held at that tipie less tlian enough monetary gold to con ­ struct one half of one of the hundred million dollar disks. Gold Supply Changes. To get u vivid Idea of the changes in the gold supply of the United States, let us imagine all the gold movements of 1931, and half of 1&32„ affecting the United States to'be con­ centrated around this country’sL.“gold tower.” At the beginning of 1931, forty-five full super dollars would have been piled one .on the other, while on top would Rave -been the forty-sixth golden disk with only a tiny wedge missing. Gradually, net gold importations would have built the pile higher. Before the middle of January 'the forty-sixth disk would have been complete; by the end of March there would have been 47; by late June, 49 and •by mid-September, the tower’s peak would have been reacbefd, with 50 o f the-super dollars in place. After the middle of September, one of the heaviest gold exportation peri­ ods over experienced in the United States set in. An observed at the mythical tower of gold would have witnessed feverish activity in remov­ ing the huge disks. In a little over a month he would, have heeii more than seven of the mammoth gold nnlts low­ ered from the tower and carted away for shipment overseas. By the end o f October only 42% o f the super dollars would have remained. Then gold would have begun to arrive again at the tower’s base, from imports; and the work of building would have been resumed. By the end of 1931, more (bah 1 1-3 of the heavy disks would have been added to the tower, bring­ ing it to a height of a little over 44 feet As a final operation o f the year we can imagine there being hoisted Into place u segment equal to about a third of a super dollar—worth $33,- 000,000—representing the gold pro­ duced withtn.the borders of the Unit­ ed States during the year, less the new gold made into jewelry'and used In other industries and arts. The country’s tower, then, after Ifs marked fluctuations, would have contained nt the end of the year, 44% of our super dollnrs—roughly one and a quarter less than when the year started. Our Holding Varies. Since the beginning o f 1932, five and a half more of the "super do l­ lars” have left the United States. During the latter part of June the United States’ gold stock had been reduced to 39 of the 100 million dollar units. At the same time Great Britain possessed less than five, and France’s pile bud grown to 31. During the past 18 years the col­ umn that could linvo been built with the stock of gold in the United States at any ohe time, has arisen and fall­ en like the mercury column of a barometer. But in the long run it has grown higher. At the outbreak of the World war in 1914 it would have contained approximately 13 of the 100,000,000 dollar disks; nt the close of the war, 29. In 1920 it, would have been (lowt\ to 27; in 1921,' up to 43. Back to40 In 1928, It would have sprung up to 45 in 1930 and to 50 In 193f. The level at which it now rests Is well below the peak of 50, hut it is much higher than at any time in the country’s history, except during the last eight years. Johannesburg, South Africa, Is called “The City of Gold” because It is situated In the great South Afri­ can gold producing region; was horn o f the greatest gold discovery known to the modern world, and rose to the stature of a city In the space of a few years, practically “on the dig- gins.” It is nlmost On the crest of “The Rand,” the 00 mile ridge of gold-bearing conglomerate from which the world’s greatest stream of gold has flowed since 1900 when produc­ tion passed that of all North Amer­ ica, THANKSGIVING DAY MORNING AT 10:00! Santa Claus Will Be There in Person! . . . All of Your Favorite Comic Strip Characters!-Don’t Miss It!! This gigantic spectacle starts at 10 o’clock sharp from the Montgomery County Fairgrounds . . . proceeds up Main Street to the monunfent. . . turns around the Monument, and goes back down Main: Street to the Fairgrounds . . . stopping first, in front of Rike-Kumler’s. Here, Santa Clads, who will be In the parade in person, will go up the ladder*to the,huge chimney on Rike’s building. After waving his^greetings to the kiddies he wiU descend into Rike’s Toyland where he will hold forth until Christmas. Come one Iff Coihe all!,! 1 »• * 5* : Enter Rike’s Toy Coloring Contest in Toyland. . . 28 Valuable Prizes! i ik * &•!> Jin v Wife M :kMM^ll- f w W l P ' * W J • & M \ . t W K t ^ l a : ■ » s : i a i « t » f 7 . 1 - j ~ m m v j t a Y p i i j p * M M -21* :V i IMWWnWtW IMPROVED UNIFORM INTERNATIONAL S unday ! chool Lesson (Ily REV, P; B. FITZWATELR, D. D„ Uem- bor of Faculty. Moody Bible Institute of-Chicago.) ©. 1932. WesternNewspaperUnion. 'Lesson for November 20 k P S - & I |^*Toitim isu£.Oh tp •^nE.G.Buchsldti. Inf. - HORSES &caws B F H IZ K “ r e v e r s e P hone C harges CALL iUEENK COUNTY FERTILIZER Tel. 810, Xenia, O. usi-msaBHMrihtlsW STEWARDSHIP OF-MONEY Deuteronomy 8:7-18; I Corinthian# II Corinthians 8;I-15; II C orln -' lliians 9:1-15. GOLDEN TEXT-—And he said unto them,. Take heed, and beware of covet­ ousness: for a man’s life conslsteth not in the abundance of the things which lie possesseth.—Duke 12115. PRIMARY TOPIC — Sharing God’s Gifts. JUNIOR TOPIC—How to Use Money. INTERMEDIATE AND SENIOR TOP- K>_The Christian’s Use o f Money. • YOUNG PEOPDE AND ADUI/T TOP­ IC—The Christian’s Use of Money. 1. Wealth I* from God (Deut. 8:7- 18). ' ■ , What we possess is God’s gift l; The; natural resources from which wealth is gained were prepared by God (vv. .7-17). This is true whether it be' the fertile soil which produces our- products, or the minerals,- which are hidden away in the earth, 2. Ability to get wealth is from God tv. 38). The resources hidden away are valueless until seized' upon and changed Into' usable commodities by tutu. The failure to recognize divine ownership o f ourselves and possessions has wrecked the world. The' sure way Illicit to prosperity Is to give recogni­ tion to God. . II. Obligation of Regular and Order­ ly Giving (I Cot. 18:1-4), 1. Everybody should give (v, 2), “ Let every one of you lay by blip in s:ore.” Giving of one’s means should I c engaged in by every believer. It is a grate which reacts to the benefit of tiio giver. 2. Giving should be systematic— every week (v. 2). The giving of email gifts weekly Is easier than of larger gifts at less frequent Intervals. 3. There should be proportionate giving (v. 2). “As God has prospered •li!iu,” No one is obliged to give that v.liich he does not have. 4. Tlie impelling motive (v.2). “The first (lay o f the week.” The first day 0 ;‘ the week is designated because It lit the day memorializing the resur­ rection o f Christ The reality of Christ's resurrection Is the, dynamic for Christian giving. III, Examples of True Christian Giving (11 Cor. 8:1-5). The liberality of the Macedonian churches exhibits practically every grand principle and motive which en­ ters Into the giving which has God’s sanction. 1, The source of true giving (v. 1). 3 ills Is said to be the grace of God, by which la meant that the disposition to give freely of our money has been created by the Holy Spirit, % They gave from the depths of their poverty (v. 2). Their limited means did not cause them to stint In their giving. 3. Their willingness surpassed their ability (v. 3). God's gifts are reck­ oned by tlie degree o f willingness, not by the amount given, 4. Tlivy were insistent upon being allowed the privilege of giving (v. 4), Christians ought to be taught that to sl-.are in the work of the Lord by glv- ii g money Is their high privilege. 5. They first gave themselves to the Lord (v. 5). The only right method of raising money for the Lord Is first to induce men and women to give their lives to the Lord, and then to give their possessions, IV. Emulation in Giving Urgad (II Cor. 8:0-15), Moved by the .generosity of the Macedonian churches, Paul desired Titus to commend to the Christians the same grace. « l. Not as a command (v. 8). Giving should be spontaneous, 2 , AS n proof of the sincerity of our h)v6 (v. 8). 3, As the completion and harmony of Christian character (v. 7). The Corihthlnn church Abounded In spir­ itual gifts such as faith, knowledge, and utterance, hut the grace of liber­ ality was needed for the harmony of their lives, Tim stingy mati Is not symmetrical In character, 4, The‘ self-sacrificing example of Christ (v, 0). Christ') example of self- denial And sacrifice Is the supreme example bf love, 5, The true prlnclplo of acceptable giving Is a willing mtnil (vv, 1-12). God does not estimate the value of*A gift on the ground o f Its Intrinsic Wanted to Buy ' Used Electric Water Pomps E B • ni m 3 W. H. Swankhouse 3303 E, Third .St,, Dayton, Ohio ON THE FARM |Electricity Surely Is Cheap & . worm, out jthe underlying motive ■romptlng it. 6. Because o f a coranion equality (vv. 13-15). Every Christian should -Ive something. , Tlie law governing he gift is his ability. V. Inducements to Give (I I , Cor. 1:0-7). 1, The volume o f reaping Is based :pon the sowing (v« 6). 2. There should be a heart purpose (v. 7).. , . ADDITIONAL LOCAL The Dinner Bridge Club was enter­ tained Friday evening by. Mr. and Mrs, W. W. Galloway. RANDOM THOUGHTS Hate kills everything that It touches. In every sea of trouble Christ calms lie waves. ’ The whole of human life Is o f In- crest to Christ. ' God's great purpose In wanting men o give to him ,ts that he may be en­ abled to give more ’ abundantly to them. ersonal Tax 10 Per Cent Delinquent Payment of the second installment of. the 1932 personal property taxes is only about 10 per cent delinquent, according to County Treasurer, Har­ old Van Pelt, The collection period closed last Thursday, Collection of the December installment of the'-first' half of 1932 real estate tax and a 11 special assessment taxes will be de­ ferred one month and will not start until about January 1. Dedicate Buildings The new nursery and dining hall nearing completion at the Ohio Sol­ diers’ and Sailors’ Orphans’ Home, are to he dedicated at joint ceremon­ ies January 19, according to announce ment of the board of trustees. The nursery was constructed at a cost of $125,000 and the dining hall cost will be about $140,000. The dining hall will soon be in Use and repairs started on the old dining roortri Mrs. Mary Collins left last Thurs­ day for Brooklyn, N. Y., to spend sev- j eral months with her daughter, Miss j Dorothy Collins. She has closed her ’ home and will later go to Tarkio, Mo.,1 to spend part o f the winter with her son, Prof. Earle Collins, acting pres ident o f Tarkio College. • : Miss Ruth Burns and Mr. Arthur Donaldson; were visitors at Montpel­ ier, Ohio, the last week-end. - Mr. and Mrs. Robert M. Smock, of Columbus, Miss Ruth Taggart and Mr. William H. French, of Beaver Falls, Pa., spent Sabbath at the home of Rev. R. H. French of Clifton, Mr. W..H. French, who is a student in the Pittsburgh-Xenia Seminary, Pitts­ burgh, Pa., preached in his brother’s pulpit at the morning service. Mrs. Smock is a sister of Rev. French, FOR RENT—House and 11 Acres. Inquire of Mrs. lee Shroades. % A The history of the use of Electricity in ruraLdistriets, and particularly on more than a million farms in this country; brings forcefully to the at­ tention of everyone, the potential force exercised in this respect. iA" S .■ , At k very small cost pum p ing , m ilk ­ ing^,ensilage c u t t in g , p ou ltry opera- tions, electric hotbeds, refrigeration household cleaning and Cooking can be done. ELECTRICITY IS CHEAP §* ■ j '*> . WE SHOULD LIKE TO GO OVER ' :YOUR PROBLEMWITH YOU Tlu Dayton Power & [Light Company j Xenia District , H. HEATHMAN, Manager FQR RENT— Seven room house on N. Main Street, Cedarvllle, O. $12:50 per month. Phone 12-174 Jamestown, Ohio. C. W. Mott. ■ n i i i M i i i FOR GOOD COAL and FEED Call Phone3 ,Cedarville. C. L. McGUINN For Sale—Shropshire’ Ram. W. B. Ferguson, 34F11, Clifton Evchange. “HERALDWANT ANDSALE ADS PAY” 5 .. % FOR SALE—Cottage dwelling of six rooms in fine condition. Electric lights, cellar, furnace, cistern water in house, barn, poultry house, plenty of fine fruit and berries, and five acres of ground. Located near Cedarvillc on Wilmington pike. A. H. Creswell, Admr. For Sale: Two gas heating stoves. One small and one large. Will be sold cheap. Call phone 10. HUNTER SHOT TUESDAY ON O. T„ WOLFORD FARM Clarence Fixx, tenant on the O. T. Wolford farm, was shot in the right leg with a .22 rifle by Curtis Cousins, while the two were hunting Tuesday* the first day of the season. The shot is not regarded serious. FOR RENT—-Residence o f eight rooms on Xenia avenue, Cedarville. Rent reasonable. Call J. A. Finney, Xenia, Ohio. 666 Wanted—-Raw Furs. Highest Prices Paid. Bennie Sparrow, - Elm Street, Cedarville, Ohio.- Old fashioned Salt Rising Bread every Thursday at 8c per loaf. Cedarville Bakery LIQUID — TABLETS — SALVE 666 Liquid or Tableta Used internally and 666 Salve externally, make a com - 1 picif) ^and effective treatment for , Colds.1! Most Speedy Remedies Known Got a date for Tuesday, Nov. 22 ? No? Make one for “ Green Stockings" at the Opera House. Only 25c. Interested in hosiery? See "Green Stockings" at" the Opera House, Tues­ day, November 22, 8 P, M, Connoisseurs of sleep The commeickil tro ve r is an expert'on hotel conrrfert. in ew v parlor car you will hear the Sinton-St Nicholas spobi of in terms of highest prase by these cormciiseuis of sleep. Whether you travel often or mril/i $Uo,,-Sl Nicholas comfort, service and ecorour, will o.„.o% you..................... Urtfit, dry, luxurious rooms with bath, shower ond serwdor, from Sample rooms Vforld famous food in five beautiful dining rooms, . The Me! of character irt a city <rf character JOHNL hOtGAN«•••( /iiitciQr <£INeiNNATC ax^,Mna-SttH.mtGUA^SU,'T£4£t.MCMSIJKMft«'* P J BARGAIN I N _____ _ BUILDING LOT The ’ nnly available building lot on Chtllicoth Street, Located on comer of alley in good community- o. l . M c F a r lan d 1219 GlendaU Ave. Apt. A-10 Daytop, Ohio For Sale: G Melody Saxhphone. * Henry Henderson, Selma, O. EARN SUBSTANTIAL INCOME Selling Pcnny-a-Dejr Accident end Sickness policies. Also dollar * year Burglar policy. Write 815-KA, Guar­ antee Title Bldg., Cleveland, Okie. POST YOUR FARM! NO HUNTING SIGNS For Sale At This Office T h e n e w m e r c h a n t ] y o u a b r e ^ F T F T Y - F 1 NEWS LI FROM B£P| COLUMBUS- now being filedl State Clarence j l the late election.! hoping that it i| to refer to the I the state, any cm to delinquency f J statements on til ation of the vote way and as 2,70( cd their' franchis 8,678 precincts t| it will be seen tlfl mendous one. V State Highwaj rell received bidj way improvemer week totaling 22| filling and struct! 'Same1being $215,| mile of new county. The woi| ■ completion, the clause to that el men will he kept [ ery day throughl less inclement dij H. C. ShetroneJ . State Museum, lc Street at Fifteer that a hall of trs arranged in the eum, directly uric High street entrs transportation aJ canoes of the pid day aeroplane tr^ first automobile operated by gas auto operated in exhibit is attrac H- G> Southar the State Depai sues some time! handle wild rabl safe from tular Never put your - side a wild rab ber gloves whei; .be thoroughly is no. red meat: to minimise xabbits^which down and killedl taken home but| Superintender Ohio Reformat ule of seven ga artists this seal Hiram House tc of Chiropody, Jcromeville Tigl pany, Akron a»T rain. The Refq now 3,255. Now that th^ game is at. har ing daily with bits, or hares, same is true ol being more nun level counties (J as a rule, Well timid and dailyI yards where th[ fowls. While partridges are | great for coven Tlie season c I m partridges on f ! t a k e ] Lester McD| ville, has mad ruptcy in the He gives liab‘ assets o f $180 SPO Dr. W. R. M er at the uni at the First Thanksgiving C oll Firs When it first page time on th ville. Tlii lege gets more by by a victo game.. The Yel champion team nt Saturday, a new ma for the se ginirins n local tcan players a beginnern Not on Hi