Rolls Royce Conquers Pikes Peak

Pikes Peak Descent Made with Foot Brakes Only

This Rolls Royce climbed Pikes Peak without dropping into low and without boiling over. Then it made the descent without resorting to compression or hand brake.

To descend from the top of Pikes Peak by motor car is something that wasn’t being done a great deal twenty years ago, and to drop down the 17 3/4 miles on the foot-brakes alone is still some-thing of a novelty. In fact, the Rolls Royce which performed the feat the other day is said to be not only the first car that has come down without hand brakes and engine compression to aid the decelerating effect of the foot brakes, but to be the only test car which has ever attempted the descent without special cooling devices for the brake bands. The descent was made at an average speed of nine miles, and not only was no harm done to the braking mechanism, but the car proceeded to Denver and beyond to Kansas City without the slightest adjustment.

Source: MoToR Magazine, Nov. 1922

1922 Rolls Royce

1922 Rolls Royce at Pikes Peak

War Bread in Peace Time

BELGIUM and France might have been encouraged by the good news from the nutrition chemists at Williamstown about the prospect of food from the air and sun, and also by the black case they made out against white bread. For the Belgian and French people have gone back on the war basis of “black bread” as part of the national effort to economize, pay off their debts, and redeem their depreciated currency.

The plight of Belgium and France is a striking example of the stubborn facts of the actual world. The bills for war may be put off, but they cannot be dodged. And the money that has been spent in war is gone. It has not been transformed into any productive enterprise. It has been literally “blown up.”

A nation recovering from a war may inflate its currency and so secure a passing period of apparently easy money, artificial expansion of business, and illusory prosperity. But when the exchange value of its currency slides too far down and inflation has to stop, there will follow a period of hard times or of panic depending on how far the process has gone.

During the process of readjustment to sound principles the actual costs of labor and manufacture will be higher, products will be dearer, and foreign trade will be lost because it is harder to sell in competition in markets abroad. Germany has learned this by ruinous experience, in which a powerful and ruthless class of financiers and industrialists practically bankrupted the state and great numbers of the middle and professional classes. Belgium and France, now that they have taken the hard road of return to sane finance, will have to learn the same lesson, in terms undoubtedly less harsh but equally inevitable.

Europe suggests, of course, that part of this difficulty might be met by canceling the war debts. But this would not mean wiping out some of the costs of war, although it might seem to many Europeans to accomplish that happy result. It would merely mean transferring them to the account of the people of the United States. Whether Europe or America should bear them has been allowed to become, unhappily, a matter of bitter and unreasonable dispute. But if Americans will stop to think what it means to Europeans to be eating war bread in peace time, nearly nine years after the Armistice, it may aid an understanding of their point of view and further at least a more kindly consideration of the whole complicated question of restoring the normal life of the world.

Source: The Outlook, Sept 1, 1926

Foreign Exchange Money Tips

Foreign Exchange
American travelers abroad this winter will have to use greater judgment than heretofore in the exchanging and spending of money, for the fall of the dollar has been to the disadvantage of the tourist. In the past few seasons, the American traveler has reaped the benefit derived from the exchange of his dollars for the depreciated currencies in several countries. But the tables have been turned in a number of countries, and the American traveler accordingly finds himself paying considerably more than he did a year or two ago.

This increase holds in Great Britain, France, Germany, Italy, Belgium, Holland and Switzerland. The exchange rate of a number of currencies, however, is still below par, thus favoring the American tourist, even tho at a lesser degree than heretofore. This is true for Spain, Japan, Mexico and South American countries.

Travelers should exercise care in making the exchange from dollars into foreign currencies. This should be done whenever possible at banks and offices of reliable travel agencies and not at hotels or shops unless the official rate of the day is allowed in the exchange.

Tourists should carry their funds in travelers’ checks, if the amount is relatively small, and in letters of credit, if large. These may be purchased from banks, large travel agencies, and steamship companies. Travelers’ checks come in check form, in denominations of $10, $20, $50 or $100, and are signed by the buyer at the time of purchase and countersigned when cashed. They are protected against fraud.

The currencies of most European and some other nations with the value at par in United States money and recent rates of exchange, are given in the following table. Readers are warned that rates of exchange have been fluctuating greatly and the table is given only to show the rate of the first of December.

The following currencies are quoted in dollars and cents. (Par values are indicated in parentheses) :
Great Britain ($4.860 a sovereign) $5.17
Australia ($4.86% a sovereign) 4.13
New Zealand ($4.860 a sovereign) 4.16
South Africa ($4.860 a sovereign) 5.20

The following currencies are quoted in cents and decimals of a cent:
France (3.9179c. a franc) 6.14
Germany (23.82c. a mark) 37.55
Italy (5.263c. a lira) 8.24
Belgium (13.904c. a belga) 21.85
Austria (14.0713c. a schilling) 17.75
Holland (40.1959c. a florin) 63.15
Switzerland (19.295c. a franc) 30.36
Greece (1.2977c. a drachma) .91
Portugal (4.4241c. an escudo) 4.80
Spain (19.295c. a peseta) 12.86
China (cents for silver dollars)
Shanghai dollars 34.06
Hongkong dollars 37.60
Japan (49.85c. a yen) 30.94
India (36.50c. a rupee) 38.94
Java (40.20c. a florin) 63.50
Philippine Islands (50c. a silver peso) 49.81
Straits Settlements (56.78c. a dollar) 61.00
Argentina (52.44c, per paper peso) 34.00
Brazil (11.96c. a paper milreis) 9.00
Chile (12.166c. a gold peso) 10.00
Colombia (97.33c. a gold Peso) 68.50
Peru (28 cents a sol) 23.25
Uruguay ($1.0342 a gold peso) 75.00
Mexico (49.846c. a silver dollar) 27.82
Canada (100 cents on Can, dollar) 101.56

Day by day rates will be found in newspapers and should be consulted during the trip each time money is exchanged.

Source: Literary Digest, December 16 1933

Winter Cruises

Famous Italian Ocean Liners offer an outstanding program of
WINTER CRUISES

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FEB. 10 . . . ROMA . . . 39 Days, 12 Calls. The whole Mediterranean with call at Ceuta, colorful African port, on favorite Lido vessel. Also Madeira, Naples, Phaleron (Athens), Istanbul, Rhodes, Haifa, Port Said, Genoa, Cannes, Gibraltar. First Class $485 up, TOURIST $270 up.
FEB.15… Conte di SAVOIA … 28 Days, 12 Calls. Whole Mediterranean in four weeks, thanks to unusual speed of the only gyro-stabilized liner afloat. Gibraltar, Cannes, Monte Carlo, Genoa, Naples, Haifa, Port Said, Phaleron (Athens), Villefranche. First Class $550 up, SPECIAL CLASS $315 up, TOURIST $270 up.

Other Mediterranean Cruises
MARCH 9 … VULCANIA 40 days … 17 calls
MARCH 24 .. ROMA 40 days … 15 calls
APRIL 20 … VULCANIA 40 days … 16 calls
Further details on Request

to the WEST INDIES
and SOUTH AMERICA

TWO CHRISTMAS CRUISES
DEC. 22 … SATURNIA … 13 days. Only 7 days away from business. Calling at Kingston, Panama Canal, Havana, Nassau. $167.50 up.
DEC. 24 … ROMA. 10 days. Only 534″ days away from business. Calling at Nassau, Kingston, Havana. $145 up.

Three Mid-Winter Cruises
on /the SATURNIA
JAN. 6 . . . 13 Days. Kingston, Panama Canal, Havana, Nassau. $167.50 up.
JAN. 20 … 17 Days. Nassau, La Guayra, Curacao, Panama Canal, Kingston, Havana. $215 up.
FEB. 8 . 17 Days. Only 9 days away from business. Same itinerary as Jan. 20th cruise. $215 up.

Source: Literary Digest, December 16 1933

The Rise of Pound Sterling and Franc

LONDON AND PARIS EXPLAIN THE RISE OF POUND AND FRANC

THE gradual character of the upward movement in the principal European exchanges is less spectacular but, in the opinion of foreign observers, it is more significant than any spasmodic sudden rise would be. Last week the pound went up to $4.36, which is within sight of the par Value of $4.8665. The previous week it had been $4.25, as compared with $3.79 a year before. Likewise, the franc which has been slowly climbing during the last three weeks from .082 to .0841, and on to .0858. shows a marked improvement over the figure of .068, of January 1921. Similar improvement is shown in the Belgian franc and the Italian lira. In Paris, says a New York Times correspondent, it is felt that the most important influence on foreign exchange rates is the apparent ability of the new French Minister of Finance to effect the great economies in the budget which he promises. And we are assured that ‘no apprehension is felt in financial circles here as to the maintenance of satisfactory foreign relations by the Poincare Cabinet.” In explaining the recent rise of sterling in New York, the London financial correspondent of the New York Times gives first place “to the great alteration in favor of Great Britain of the trade balance between England and America.”

As American business men are well aware, the shrinkage in merchandise business between the two countries, both in quantity and value, has been almost sensational, and its result has been immense reduction of the excess of imports. Without this solid basis of improvement in England’s economic position, the other factors alone could not have accomplished the restoration of sterling to the highest rate quoted for two and a half years.

In redeeming such of its external loans as are falling due in America, Great Britain has, we are told, “put one peg in the ladder by which sterling has been climbing.” But the final and most powerful touch has been given by the achievement of the Naval Disarmament Conference. This “has provided a lifting power for international exchange which would be difficult to exaggerate.” The London writer says further:

Nor must one overlook the importance of the progress made toward helping the position of European nations indebted to the United States Treasury through the medium of funding their obligations. This is recognized as a great step forward, inasmuch as it converts what is now a debt payable on demand to long-term obligations, thus definitely removing from the political arena the question in its most awkward form. It is doubtful whether sterling could possibly have risen to its present level but for the naval agreement and the passing of the refunding bill.

Source: Literary Digest, Feb 18 1922

1920′s U.S. Immigration Policies

Birth rates, death rates and migrations have caused the redistribution of sections of our population in the past and currently these forces are at work among our ethnic stocks. Among Negroes death rates are about one and a half times as high as among whites. Death rates are also higher for the foreign born than for native born whites, although the differences are slight for those in the same income groups. Birth rates are somewhat higher among Negroes and foreign born whites than among native whites. The net result is that Negroes constitute a smaller proportion of the population than in earlier years and if present policies of restrictive immigration continue in force, the foreign born will be a declining element.

The present immigration policy of the United States not only regulates the quantity of the immigrant population but is selective as to quality. Designed to favor certain groups of nationalities, it encourages the Nordic racial types of northwestern Europe and restricts the Mediterranean and Alpine types of southern and southeastern Europe. This policy selects a physical type which closely resembles the prevailing stock in our country, for about 85 percent of the whites in the United States in 1920 were from strains originating in northwestern Europe where Nordics predominate. The immigration policy is inconsistent as applied to the non-white acres. The entrance of Chinese and Japanese is limited, but not that of the Filipinos or the Mexicans.

Source: 1920′s Social Trends in the United States

What is Dry Ice

WHEN some-one makes a lot of money from a simple, invention, one asks one’s self, “Now why didn’t I see the possibilities of that thing myself?” About fifteen years ago students saw a professor conduct an experiment before a physics class. Into a peculiar double-shelled vessel he emptied carbon-dioxide snow-white, clean, fluffy. The vessel was a Dewar flask. Its double walls contained nothing-a vacuum. That was its secret, the carbon-dioxide snow would not soon melt. Air, as every one knows, is a poor conductor of heat. Nothing is still better. The snow was said to be about 100 degrees below zero. An interesting experiment. Well -what of it?

Somebody with practical brains saw possibilities in the Dewar flask, which had already been used by scientists for several previous decades, and the “thermo bottle” was the outcome. Now the carbon dioxide that was kept frozen in the Dewar flask is making more money for some other hard-headed man who doubtless saw that experiment. It, too, has gone into business-”dry ice.”

Dry ice may be a trade name. But so is Ford-yet we don’t hesitate to mention it in editorial comment. Some commercial products burrow their way into the warp and woof of modern life. Kodak is an example. Dry ice has already become a valuable refrigerant, and the reason is that its temperature stands some 112 below zero. Pound for pound it refrigerates fifteen times as much as common frozen water, and when it disappears it goes directly from a solid into a non-poisonous, inert gas, leaving not a sign of moisture. Think of being able to lay a piece of ice on a choice bedspread or-tablecloth, allow it to vanish, and find no sign that it was ever there! That is the kind of ice we get when we freeze carbon dioxide, and the reasons given account for the fact that it is attracting considerable attention. With dry ice you can transport a car of fish in summer without the costly necessity of re-icing the car at frequent intervals. You can ship ice-cream from New York to Cuba, and that is just what is now being done in immense quantities. You can put a small piece in the bottom of a cylindrical cardboard container of ice-cream and take it with you on a picnic and it will stay solid through all of a hot day.

A couple of years ago we saw such containers in ice-cream store windows. To most of us it then seemed a stunt. The stunt has spread into industry and is still spreading. Ice manufacturers are sitting up to take notice, for, though dry ice costs ten times what wet ice costs, it refrigerates fifteen times as much. The stunt of the store window and the entertaining experiment of the professor of physics have gone to work in earnest.

Source: The Outlook, 31 August 1927

Puncture Solutions

Believing that most tire punctures are caused by old nails, Greensburg, Kansas, offers ten cents per pound for all old nails picked up on its streets. Small boys have already earned two hundred dollars in this way. The city then sells the nails as junk.

Giant magnets seven feet long are to be hung under State highway trucks in South Dakota to pick up bits of metal that might puncture automobile tires. In a test run of twenty miles one of these magnets picked up over three hundred pounds of steel and iron scraps. The collection included a stove leg, 24 railroad spikes, an old skate, a monkey wrench, pieces of barbed wire, and a thousand or so nails and tacks.

Source: The Outlook, 20 July 1927

Lindbergh Mail Problems 1927

COLONEL CHARLES A. LINDBERGH’S chief secretarial aide, Commander Fitzhugh Green, has made public the recently completed cataloguing of the popular flier’s mail. He states that Lindbergh has received 3,500,000 letters and 100,000 telegrams. Business offers totaled $7,000,000. One was an offer of $1,000,000 by a motion picture corporation if he would be photographed in an actual marriage ceremony with any girl he chose to wed. There were several thousand proposals of marriage and three invitations to join in an attempt to reach the moon via skyrockets. About 14,000 persons sent the aviator gifts and about 500 “close relatives” asked for money. Letters from women far outnumbered those from men. Over $10,000 in stamps were inclosed in letters for return postage.

Introduction of 40 Hour Working Week

THAT man should earn his bread by the sweat of his brow is a dictum of the Scriptures that has been pretty well abolished in America, where, in the main, he now acquires, not bread, but canned goods and package foods, by the oil on a machine. Mr. Thomas A. Edison is on record as saying that the machine does not begin to do what it should for the relief of man from toil. He hopes to have machines doing everything needful before long, giving man a chance to be one hundred per cent sociable. It may not be a dream.

Coincident with this utterance on the part of the eminent inventor, the American Federation of Labor has announced its purpose to bring about a five-day week in organized industry. That is to say, a working period of forty hours per man out of the one hundred and sixty- eight that comprise the week. That would mean less than two full days of time, with one hundred and twenty-eight hours left for recreation, the uplift, and slumber.

The basis of this demand is that machinery has so advanced output as to make it economically possible for man to acquire a further period of respite. Mr. Henry Ford added emphasis to the point by announcing a five-day week in his works. This move was made while the delegates were gathered at Detroit, and helped frame the new policy. Mr. Ford’s factories, it should be stated, are non-union. The difference between Ford and the Federation is that he proposes to pay for five days’ work. The Federation wants pay for six, though exerting itself but five. Here is where the crux lies.

Probably there are lines of industry that would lose but little if the five-day week went into full effect. These are those where the forty-four-hour week is in effect. The forty-four-hour week was the outcome of the Saturday half-holiday
inaugurated in New York about forty years ago. This was a summertime concession that has come to cover most establishments, in cities at least, all the year round.

Employers have generally found the four hours of Saturday wasted. The men do little more than start and stop their machines. For a time this was overcome by making up for the half-day lost by extra time worked during the week. This disappeared with the arrival of the forty-four-hour scale.

William Green, the head of the American Federation of Labor, is a sensible man. He says the men can speed up enough during the five full days to earn pay for the sixth, so that the advantage can be enjoyed without curtailment of income. This is undoubtedly correct if men can be brought to do it. There is the rub.

That there is ample room for increased exertion without hardship is beyond dispute. So great a part of production is due to machinery that workmen in many instances are mere watchers, or, at the most, feeders, of these devices. In the printing trade even feeders are dispensed with by the use of automatic devices. In paper making the pulpwood grinders are fed from hoppers, which can be automatically operated. The conveyor has stepped in to relieve the shovel and pitchfork quite generally. Mr. Edison is undoubtedly correct in his assumption that mechanical devices can be contrived that will do even more. Those who frequent factories can observe that not more than forty per cent of the worker’s time is productively employed. It is easy to idle at tasks unless the chain system used by Henry Ford is in operation. This sundry visitors at his plant representing the Federation have termed slavery. They describe the method as one of endless monotony,
from which men flee after a couple of years. Probably there is some truth in this. The thinkless thrusting of bolts into holes all day long cannot be a very refreshing occupation.

The discussion so far is, however, confined only to the attitude of organized labor and mass-production factories. These two have become a sort of privileged class enjoying benefits denied others, and that could not be universally beneficial unless all classes of workers and producers were included in the scheme. Organized labor and organized industry profit by the unrelieved toil of the farmer and the unorganized workers generally. These include the vast bulk of our people and, in particular, the farmers. All wealth coming from the soil or the sea, farmers, miners, and fishermen have to provide the base upon which all others stand.

These three classes care for all the others, either in the low price at which they furnish food and raw materials or in the high prices they pay for finished articles and prepared sustenance. All have to buy back the bulk of what they sell in its improved form, providing always the material to be embellished, made useful, and enhanced in value. So, while it sounds easy to cut down hours and increase pay, the question rises as to how much more the heavily laden backs can carry. Mr. Ford denounces the farmer as archaic. He would do away with him as such, employ machinery, produce more food, such as milk, synthetically, and do away with what he seems to regard as the cumbersome processes of nature. This calls for an industrial revolution too great to be brought about in time to synchronize with Mr. Green’s movement. The merits of the suggestion do not need to be discussed.

The whole problem is’ ne of proportion. Yet it is not entirely one for the United States. We are competing in world markets with German trade- unionists who are willingly working twelve hours a day six days in the week. France and Italy are also busy in the same field, working far harder and more faithfully than we in America. These factors cannot be ignored. The competitive principle is ruthless and takes small heed of obstacles or artificialities.

We are now working under the highest tariff ever known, with shorter hours than the rest of the world, higher wages, and higher rates of transportation. Earning power is being capitalized to the nth degree. Our load is cumulating, yet it is proposed to lighten it by doing less, because, despite his belief, Mr. Green gives no assurances. He does not know whether men will do as much in forty hours as they do in forty-four. That they could is already admitted.

It can be safely said, however, that we are still some way off from the dolce jar niente, the “sweet do-nothingness” of the Italians. Americans do not like to loaf. However tempting the extra day may appear, it will be found in practice that the average man, if it comes, will turn it to some sort of account. The twelve-hour day was industrial slavery. The ten-hour merely mitigation. The eight-hour was sensible and salutary. But it is possible to come to the vanishing-point.

To repeat, the question before the country is how far it can care for the two privileged classes at present involved without an economic overload too great to carry. Will it not give workers more time in which to compete with the farmer and the fisherman, to the disadvantage of both, while these are still compelled to support the privileged ones in the style to which they are accustomed? “We must maintain our standard of living,” asserts organized labor. Yes. But how are the unorganized going to maintain theirs?

Source: The Outlook – Nove 3, 1926