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The Catalina Islander
Avalon, California
January 16, 1924     The Catalina Islander
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January 16, 1924

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PAGE TWO THE CATALINA ISLANDER TE FATHER OF "CATALINA THREE-SIX CLUB" SENDS INTERESTING LETTER Anent the "Heavy Tackle for Heavy Fish" argument that was started by Dr. Zane Grey in these columns two weeks ago, Thomas McD. Potter, the father of the "Catalina Three-Six Club," sends us an interesting letter. As one of the Catalina light tackle enthusiasts from 1906 to 1915, Mr. Pot- ter is well known by many of the old- time anglers. Dr. Grey's opinion is that anglers should use 39-thread lines for the broadbill swordfish because the fish are "too big" for the 24-thread lines. Mr. McD. Potter argues that "budding anglers start in with the 'heavy stuff,' and taper off to the 'light' as proficiency is acquired." Long Beach, California, Jan. 11, 1924. My Dear Windle :-- Find inclosed my renewal. Well, sir, that was most remarkable; but it shows how great minds run along--you know the rest of it. I never had the pleasure of Captain Mott's acquaintance, but he beat me to it, that's all. Yes, you have guessed it-- it's the Michaelis reel. Now, let us go back to our early mistakes and have 'era 6, 9 and 24 strands--instead of threads. We used to tell our budding anglers to start in with the "heavy stuff," and taper off to the "light," as proficiency was acquired. But as the heavy stuff is known today, neither youth nor old age (nor anybody else, for that mat- ter), has any business fighting it. Zane Grey is all right, too, perhaps, from his point of view. Personal satisfaction is the ultimate end of pleasure to the individual-as he sees it. With the greatly improved methods in machinery now, the only time and place for the science is on the dotted line in the record book. Brute strength on the fishing grounds, and a mighty angler when you step ashore [ How about it? What's wrong with it? Let me tell you: Your fish are too big. Reminds me of a little squib I saw in the lslander a few weeks ago about a visitor gazing for the first time upon a 450-pound jewfish, and his remarks about the angler who caught it ("He's a d-- liar"). In one of Dr. Holder's books he narrates that a passing launch one day hailed him and asked if he were fish- ing for whales, and his reply was that he was using whales for bait that day. All of which reminds me that the Hot Stove League is once again in session, and, believe me, it has its hands full this time, and no mistake, for, as "Yellowtail John" used to say . in 1906 about manipulating the "light tackles," it takes you three weeks to get on to it--and then you don't get on to it. Very truly yours, Thos. MaD. Potter. (Editor's Note--One of the light tackle enthusiasts writes: "Keep the hot stove going--it's getting beyond me now, but it will be interesting, never-the-less." So, ye mighty wield- ers of light tackle, tell us all about it. Is it more skillful to kill a giant with a rapier than with a broadsword ?) Catalina will give you the rest of your life. Come to Catalina. SURVEY OF THE YEAR 1923 A Statement to the Press Issued by James B. Forgan, Chairman of the Board of Directors of the First Nat- tonal Bank of Chicago and the First Trust and Savings Bank. The year 1923 was a period of con- tinued liquidation necessitated by the business depression of 1920, and at the same time it marked the beginnings of a revival in business. Business men, however, did not forget recent exper- iences and proceeded conservatively. The result is that inventories are not unduly large and there has been no inflation of either currency or credit. The outlook for the future, therefore, may be termed a reasonably hopeful one. It is not unnatural that even now we are still feeling the shock of the war, though with diminished intensity. Cer- tain industries have not recovered to the extent that would be desirable, and among these may be noted the cloth- ing and the leather industries, both of which are still in need of readjust- ments in order to attain again a full measure of prosperity. Much is heard about the agricultural situation. As a matter of fact, crops have been very satisfactory, and most farmers are in a better financial condition than they have been for a long period of time. Even the difficulties of the wheat far- mers are exaggerated. The trouble in their case is that as a result of the arbitrarily high prices of wheat during the war, wheat was grown upon land which under ordinary conditions is not suitable for that crop. In other words, some of the wheat lands ought to be used for other purposes. That the agricultural situation is not as bad as sometimes reported is proved by the fact that the liquidation of farm debts is continuing in a very satisfac- tory manner, and in recent months farmers have restricted their borrow- ings from joint stock land banks and similar organizations. A further proof of this condition is to be found in the reports of the mail order houses, whose sales have been unprecedentedly large, and it must be remembered that a large proportion of their trade is found .in our rural communities. On the other hand, the country still waits in vain for a solution of the European difficulties. As we have pointed out in our statements of re- cent years, we shall face continued un- certainty at home as long as our for- eign markets are as precarious as at present. The reports from Europe are of such a conflicting nature that it is impossible to say whether or not there has beex~ improvement, Some recent political developments hoM out some hope that the committees of inquiry to be appointed by the Reparations Commission will eventually find a so- lution of some of the perplexing prob- lems troubling Europe and affecting the whole world. What not only Europe needs, but the whole world, and we ourselves, is above all peace and quiet. Continued tinkering with economic laws is bound to hamper business development. This is especially true of the legislation af- fecting railroads. The Transportation Act of 1920 has not been enforced long enough to enable adequate judgment to be passed whether it requires amendments, and, if so, what these amendments ought to be. Congress can do no greater service to the coun- try than for the present to let well enough alone. The Secretary of the Treasury has made recommendations for a revision of our present income tax schedules which deserve the united support of all interested in the commercial prosperity of our country. He and the President of the United States have done well to call attention to the fact that one of the serious difficulties of our time con- sists not merely in the amount of the taxes but the uncertainty and duplica- tion involved in our system of taxa- tion by federal, state, and municipal taxing bodies. Not only is it desirable to diminish the amout of taxes, but a simplification of administration and assessment is almost even more neces- sary. On the whole, the demand for money has been diminishing during the course of the past year. Money rates have been fairly constant, weakening some- what in recent months. Banks have been able to earn a fair return upon the capital invested, but on the other hand, their net earnings in many in- stances have been reduced by the con- tinued necessity of providing for losses which really had their origin in the business collapse of 1920. It may be stated, however, that the liquidation and reorganization incident to condi- tions prevailing in 1920-21 have now very generally been accomplished and # that a decided improvement has taken place in the qualify of the obligations hell by the banks. For the past three years the banks have had to face and provide for prospective losses on cur- rent loans. These either have been charged off or have been largely re- duced, if not entirely eliminated, by the .improved condition of bank bor- rowers, many of whom have weathered the storm and worked out of their fi- nancial difficulties. The financial struc- ture of the country is at present as sound as, if not sounder than, it ever has been, and if our present banking system is not made the football of politics, we may look with consider- able confidence into the future. Chicago, December 31, 1923. The Two Kings Major Mott--What fish in the Pacific ocean should be called the Wrigley fish ? Miss Hewitt--The Broad Bill. Weather No Object "How would you like to go for a trip around the Island?" "I'm afraid I would get sick. I al- ways do when I go round in a circle." "Mind knowledge from ParadiseV' read page four. STORM WARNINGS Flags with perpendicular lines, Red; small squares, Black; other flags, White, Wear your Light Tackle Club but- ton. It shows that you are an angler and a sportsman. Watch the world come to Catalina. The AVALON Cafe Dan Ostolch, Proprietor 403 CRESCENT AVENUE Good Food, Well Cooked and Neatly Served. B~ WE HAVE EVERYTHING [| To help you make your letter writ- ing a great pleasure, Fine Boxed Linen. Paper, also Tablets, and by the pound. Fountain Pens, Ink and Steel Pens. If you don't like to write long letters, we have Correspondence Cards for short notes. Come in, we will take great pleasure in showing you these items. AVALON DRUfi C0. 405 Crescent Avenue Curios and Souvenirs Look for the Sign of The Big Curio Store i-I, D. NiacRae Co. LYLE PENDEGAST Attorney at Law 1031 Title Insurance Building Los Angeles Phone, Main 3S06 ERNEST WINDLEa Notary Publ,c Legal Documents Promptly Executed News Stand, 0pp. Boos Bros. Cafeteria r{ p: li THRIFT The thrifty way is to order a cu~om tailored suit now. One such suit, ot an sit-wool fab- ric, will outwear two resdy-mades. Fit. ~yle and workmanship guaranteed. MARTIN HALL, Merchant Tailor New Samples, 1023, are here . a: n a n t: Marcel Waving Manleuring BEA UTY PARLOR HOTEL ST. CATHERINE Open All the Year (Sub Loby) Phone for Appointment MISS E. DUNMAN Avalon, t: I t a c O. W. COLE Painting, Decorating 201 Metropole Avenue Avalon, California } t 1 Watch Repairing Jewelry of All Kinds Repaired H. R. WHARTON Hotel St. Catherine Curio Shop FREDERICK BAKER Jtlforntcy nl 1 D21 C. C. Chapmen Bulldlni Broadway s| Elahth Br0adwayTe$0 LOS Angeles, t~al. Subscribe now $2 per year. Your Wants smoothly attended to at the Atwater Hotel Barber Shop Billie Price, Proprietor Sumner Avenue, Avalon, California