Life, 1913-04-03 · page 41 of 52
Life — April 3, 1913 — page 41: what you’re looking at
What you’re looking at
This page's main content is a satirical article titled "Unloosing the Cats of Finance," attacking the **Aldrich Plan** (a banking reform proposal). The satire targets financiers' hypocrisy: they previously **denied** that U.S. bonds carried a "currency privilege" (allowing them to be used as currency backing, increasing their value). Now, seeking the Aldrich Plan's benefits, bankers openly admit this privilege is worth roughly 36 points (bonds worth 101 would be worth only 65 without it). The author ridicules their sudden honesty as self-serving: bankers now want to **extend this profitable privilege to worthless paper** (chips, whetstones) to legitimize further financial manipulation. The satire equates the bankers' shifting claims to "ralpable falsehood"—they'll say whatever serves their interests, making them unreliable narrators in financial policy debates. The rest of the page contains period advertising (Paris Garters, Republic Rubber tires, typewriters).
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
4 Io aa can touch you Take time to select garters that will give you perfect satisfaction —time enough to say PARIS GARTERS The name is on the back of the shield 25c-50c A. Stein & Co., Makers Chicago and New York Unloosing the Cats of Finance AS they struggle for those cornu- copian grafts which the Aldrich Plan would legalize, the financiers are letting out of the bag some cats which have heretofore been pretty closely held. In earlier days, when the Popu- lists and Greenbackers would claim that the “currency privilege,” which adheres to United States bonds, was a valuable thing, bankers would deny it emphatically or, if they were partica- larly sensitive, they would weep. co- piously to think that anyone could be so foolish as to be misled by such a ralpable falsehood. But now comes Banking Reform, organ of the Citizens’ League (of Aldrich Planners), and tells us that this currency privilege is a pearl of considerable price, that if it weren't for this privilege, United States bonds, now selling at 101, would be worth only about 65. Some difference there! When a patriotic banker is willing to ALAS exes, Let one of these dealers show you what tire mileage and safety really are: , The Republic Rubber Ci »¥.. The Republie Rubber C Cleveland. Ohio, The Republic Rubber Co.. Chicago. I, The Republie Rubber Co... 1732 Michigan AV The Republic Rubber Co, of Texas, 2033 Ce s13Grand Ave is. Mlan.. The Republic Rubber Co,, 1514 Hen= ve hia, Pa..The Republic Rubber Co,, 328 N.BroadSt, al.. Repubiie Rubber Company of Catt len € Mo., The Republic Rubber Co. St. Paul. Mian...The Republic Rubber Co., Birmingham, Ala., Robertson Tire & Auto C Ave. Boston, Mass.. The Republic Rubber Co. of Mass, 735 Ros taton Rt. Cinctanatt, bile Tire & Ruhr Co., 907 Race St. Co. 4th St, . Tena., The Repubilc Tire & Rubber Co. st Charlotte, N. C.. 0. T., Barringer Solo. The W.C.Hendrte Rubber Co.,1238 Broadway. . Harrah & Stewart Mtg. Co. $14 F. Court St ‘Rubber Company. 16 W. ith 8 jouston, Texas, Foster Rubber Co.. 915 Main RUBBER Co. Youngstown, O. AOL UN tl ia i il ; llsaAK te My fn I mi ul i i i il il pay fifty per cent. more for something Practical, Portable $18 T it Bes Tyrewritr, tbe 0th Century marvel, writes as wel as 3g $100 machines. “Makes two carbons. Visible writing, stand- Aeyboard. 84 characters. Uses full letter sheet. Only 250 ‘farte—“cthers bave 1700 to 3700, Bennett simplicity makes It more durable, also lower priced. Bulltin the famous Eliott Puber Billog Machine factory. ‘Couldn't be made better. 26.6 to use, Size 2x5x11 inches. Weight 4} Ibs, Easily carried. Goes tn grip or overcoat pocket, Can be g Fiabe’ by parcel peat’ Bead tor catalog and “money back={/-not-suttesactory™ Guarantee. Agents wanted S62 ‘T.H.B. BENNETT TYPEWRITER CO. 366 Broadway, New York than it is worth, he certainly must con- sider the emoluments and perquisites thereof to be tolerably appurtenances, valuable. But let it not be inferred that Bank- ing Reform is opposed to this priv lege. On the contrary, the privilege has proved so profitable to the banking fraternity that they want to extend. it to bankable paper, consisting of chips, whetstones and what-nots. That's the reams | i crn | Indianapotls, Ind., The Republic Tire Agency, 35 W. Mich~ fean St Jacksonville. Fla. arch & Main St Knoxville, Tenn. MeGraw Bros. Co.. C Republic Tire & Vulcantzing Co. tana, ‘Cal., 1227 Co, 457 Mie St Little Rock, Ark.. TI. Tystacer, 306 Tou Los Angeles.Cal.. Itepubtie Rubber Co, Milwaukee. Wis., Milwaukee Tire & Supp lams & Weathers, 330 11th St epabtic Rea SY..229 W.5S8thSt Broadway ‘wel! Suppty Co, 2119 Farnam St. J}. & 1. Phillips, 627 Liberty Ave. Portiand, Ore., Republle Rubber Co. of Ca ¥...Rochester Auto Sunply Co, he W, C. Hendrie Rubber Co. Savannah, Ga., Boyt Tire Company, 112 Drayton St Spokane, Wash... Interstate Rubber Co., 417 First Ave. Syracuse, N. Y., Syracuse Auto Supply Co..311 8. Dominion Automobile Co., Ltd., Cor. Bay ranee St Auto Tire & Vulcanizing Co., 266 Har- Republic Stugserd Tread—Pat. Sept CM | ll ji { lil Ti tl | Ue sil > | i fi ut nui | i way the Nat al Reserve Association would play King Midas to any little thing it might choose to touch. The bankers call this elasticity, because they are getting it themselves. If someone clse were getting it, they would call it inflation. Answer to Rebus in Last Week's Life The modest bathing girl would be shocked if her bathing costume were classed with a chorus girl's. comicbooks.com