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75TH
YEAR.
CHRISTIANSTED.
V.l U.S.
A.,
SATURDAY
12t
JUNE
1920.
living
im
the
serutiny
of
pmesent
day
corporate
returns.
The
hundred
of
thousands
of
holders
of
stocks
whose
income
partially dégends
upon
dividends
or the
stocks
of
conservative
and
sub-
stantial
corporations
are
unjustly
treat-
ed if
the
reasonableness
of
those
divi-
dends
is measured
today
by
the
stand-
ards
of
former
yvears.
A
corporation
which
today,
as
formerly,
distributes
dividends
of
7
per
cent
on
its
capital
stock
is ac.ually paying
its
stockhoiders,
less,
in exact proportion
to the
_.ecrease
in
the
purchasing
power
of
money,
which
today
is
less
than
one-half
the
purchasing
power
tn
1914.
Strckholders
are entitled
to a higher rate of dividends’
in the
same
proportion.
Criticism
based
on
increased
rates
of
return
and
on
increased
dividend rates
which
fails
to
recugnize
these
obvious
tadts
is superficial
and
unjust.—Stand-
ard Oil Bullletin.
.
e
.
Publication.
PURSUANT
to paragraph
3 of Charter
of
Foundation
for
Upper
Chamber-
lain
Valdemar
Tully
von
Oxholm
and
Wife's
Legacy
for
assisting
needy
per-
sons,
it
is
hereby,
brought
to
public
notice
that
a halance
of
interest
amount-
ing
to Fres.
900.85
will be
on
hand
for
dist’ ibution
on July Ist,
192f.
Applications
containingithe
requisite
information and duly certi?’ed.
should
be
forwarded
to the
undersigned
on or be-
fore the 20th
inst
Despatching
Secretary’s
Office,
Chris-
tiansted,
St
Croix. V.
1., June 2nd,
1920.
FRED.
B. COLBY,
Despatching
Secretary.
Publicaty
üblication
PURSUANT
to paragraph
2 of
Charter
of Founaation
for Merchant
Wilhelm
Smidt’s Legacy for assisting
poor persons
in St.
Croix,
it is hereby
brought
to pub
liec
notice
that
a
balance
of
interest
amounting
to
Fres.
555.80
will
be
on
hand for distribution
on July 1, 1920.
Applications
for participation
in
this
distribution,
duly
ecertified,
should
be
forwarded
to
the
undersigned
on
or
before
the 22nd inst.
.
Despatching
Secretary’s
Office,
Chris-
tiansted
St
Croix,
V. L., June
2nd 1920.
FRED
B. COLBY,
Despatching
Secretary.
THE
ST.
CROIX
AVIS
is printed
and
published
daily (Sundays
and
Holidays
excepted)
by
G.
Johansen
at the Avis Office.
T RMS---50
cents
monthly in advance,
2 cents
per single copy.
ntered
as
second-class
matter
May
26th
1917 at
the Post
Office
at
Christian-
sted,
St.
Crowx,
V. I. of the
U.
S. A.,
un
der the Act of March
8.
1879
Contribution
Lo this
paper will be gl.:d
ly received
when
the
same
dels
with m it-
ters of gemeral
interest,
and is
accompa-
nied with
the
author’s
name,
as
a
qguar-
antee
of good faith.
The editor cannot
be
responsible for the views of his correspon-
dents
nor does he necessarily endorsethem.
VALURE OF THE DOLLAR.
3 e
e
G hnth
csrlat
b
Cvpakl
ee
YowAVIIUAL
v
¥YY UL L
YY lAL
.
vy
111
My
exacily that and
no
more.
It is a
stand-
ard of value,
but
a
fluctuating
and
rela-
tive standard.
Money
is
a
medium
of
barter.
When
commodities
increase
in
price, it simply means
that
the
purchas-
ing power
of
the
dollar
has
decreased.
When
the
wage
earner
receives
more
for
his
labour,
and
the
manufac.urer
receives
mor>
for
his
manufactures.
Neitner
the intrinsic
value of
labor
nor
of
any
commodity
can
be
artificially
changed.
They
maintain
their
relative
values.
If we give
more
dollars for one,
we must give more
dollars
for
the other.
if
the
wage
earner
in
1914
received
$3
per
day,
which
wouid
purchase
60
pounds
of sugar,
and if today
the
wage
earner
is paid so.
and
this
sum
will buy
only
60
pounds
of
sugar,
the
relative
values
rem.in
unchanged.
A table
of prices
today,
as
compared
with prices
in
1914,
shows
an
average
increase
of 121 per
cent,
or
more
than
double,
in ninety-two
standard
commodi-
ties,
including building materials,
metal
products,
food supplies,
ete.
In the consideration
of increased
pric-
es
paid
for
commodities
of
all
kinds,
little or
no notice
has
been
taken of the
increased
returns
that capital must
have
in order
that capital
may
jusily retain
its relative
va ue.
An
investment
which
realizes
6
per
cent
today,
as
formerly,
has
only half
its former
value if the
6
per
cent
will
purchase
only half the commodities
that
formerly could be bought
with the
same
return.
The
investment
has
then
be-
come
worth
3
per
cent.
Tco
little
aec-
count
is taken
of
the
increased
cost
of
No. 13
§
T
d
OF
‘DEPOSITS
&
WITHDRAWALS
Al
:
B
x
[HE NEV'
ST.
GRBIX
SAVINGS
BANK
On
Saturday
the
sth
June
1920.
RECEIVERS:
in Christiansted
_A. E. STAKEMANN
Trustee.
»
In Frederiksted
R.
E.
HIGGINS
Trustee.
Balanee of .deposits
to 29th May 1920
4
.
$ 84,898.29
70 Deposits,
of which
52
in Christiansted
$ 2,898.08
(
1 new)
18
in Frederiksted
£
927150
(
-
new)
|
$3,169.58
»
$ 88.067. 87
13 withdrawals
of
which
11
in Christiansted
§$
1,312.03
2
lin Frederiksted
g e
$1.684.03
Balance
of deposits
to date
$ 86,483.84
Receivers
for Saturday
the 12" June
1920.
in Christiansted
*
A. E.
STAKEMANN
Trustee
Intrederiksted
.
R
E. Hicgelns
I rustee.
A.E. STAKEMANN
President
You
Are
Invited
to
call and
see
the fine assortment
of Groceries
received
Ex
S.
5.
Ko
EXx
5. 5.
Rorona
R
AL
“A. R. Mclntosi
thristiansted,
St Uroix.
11
June
1920.
PP
on Saturday,
29th
.nst,
A
O
'
GGLD
CUFF
BUTTON.
Finder
will
be
suitably
re-
warded
on leaving
same
at
this office.
31st
May 1920