New Britain Herald Newspaper, July 2, 1914, Page 14

NEW BR f0R[I(N BRANCHES 0 BE ESTABLISHED 1Bugnos Aires and Rio Janciro Se- lected by New York Bank. New York, July 2.—To Yossihle; loss_in,. business that result from the operation of the new banking law, the National City bank has decided to take advantage of that section of the federal reserve offset any may mct which permits participating banks | to establish foreign branches. The directors at' a meeting held Monday authorized President Frank A, Van- derlip to make application to " the Federal Reserve Board to organize a branch at Buenos Ayres, Argentina, and at Rio de Janeiro, Brazil. R. O. Bailey, assistant secretary of the treasury under the Taft admin- istration, now associated with the Na- tional City bank, and James R. Mar- tine, head of the bank's customs secu- ritles departmet, will sail for South America within a few days to make the prellminary arrangements for the establishment of the two branches. Soon after the Reserve Board has given its consent the banks will be or- ganized, Capital Moderate, At the City bank it Wwas sala that the capital of the two branch institutions would depend largely on the nature of the instructions received from the Federal Reserve Board. It was stated, however, that it was the City bank’s intention to begin with a modest - capitalization. The plans are that five men shall be in charge ot each branch. Whether they shall be taken from the head institution has not fully been decided but it is likely that 'those in charge at first will he chosen from the bank's New. York roster, or possibly from other local banks. The cities of Buenos ‘Ayres and Rio de Janeiro were selected, it was said, because of their rapidly increas- ing commercial importance, the lat- ter because the United States is a large importer from Brazil and the former on account of our large export trade to the Argentine. It will be the purpose of the City bank through its South American branches to make it- self generally useful to American firms doing business not only with the citles mentioned but with the other countries of South America in which exporters of the United States are in- terested. To this end agencies of the two branch banks will be established. Universal Demand. Officials of the City bank explained that they had the commercial community on their pro- posed venture and found a practically universal demand for branches ot sounded ITAIN DAILY HERALD, ms BAY, JULY 2, { American banks in South America. The banking business there is now under the control of Germany, Eng- land, France and Spain, and the New York institution will probably fina some opposition at first, It is now the custom to finance the commercial transactions hetween this country and the South American countries through Europe. In doing business direct with the City bank a period of readjustmept will have to be faced. Officials of the City bank freely admitted that the big initial outlay i necessary to establish its foreign branches wifl result in losses from thelr operation for some time to come. They believe, however, that the ultimate benefit will be 20 great | that the decision of the directors wili be fully vindicated. It may be that the branch bank scheme will also embrace the flota- tion of loans to South American coun. tries in need of financial assistance, but this question’is at present re- garded as too remote for definite pre- dictions. The intention now is to satis- THE FOURTH dish is even . more exquisite than the first. Your Fourth is not glorious without Ice Cream. ) [ For Sale in New Britain by— DICKINSON DRUG CO., 169 Main St. CLARK & BRAINERD (0., Pharmacists, 181 Main St. CITY DRUG STORE, 487 Main Street. HALLORAN'S DRUG STORE, 366 Main Street. AI’OTHECARY HALL, Sfl'l Mhain Street. THE EAGLE PHARMACY, 10 Main Street. W. H. RUSSELL, Pharmacist, 441 West Main Street. S. P. STORRS, Druggist, 297 Main Street. J. BASSO, Groceries & Confectionery, 37 Rockwell Street. M. E. TAYLOR, Confectionery, 3561 Main Street. THE FRANKLIN ICE CREAM PARLOR, 2 Main Street. J. SCARILLO, Fruits & Confectionery, East Main Street. C. A. FIRNHABER, Fruit and Cornfectionery, Stanley & Pleasant. C. S. ANDREWS, Confectionery, 1557 Stanley. F. H. BUELL, Maple Hill. M. GREENBERG, Chapman Street. JOHN J. McBRIARITY, Druggist, 720 Stanley Street, We your Fourth of est that fou order now for uly dinner. Your druggist or confectioner will ap- preciate having your order early GEO M. LADD, Druggist, 437 Arch Street. STERLING DRUG STORE, 355 Arch Street. W. F. ROY, Druggist, 526 Stanley Street. E. L. JANSWICK, Druggist, 253 East Main Street, THE .VITA DRUG CO., 75 Lafayette Street. P. SIGNORWELL, Fruit and Confectionery. 48 Lafayette Street. B. KATZ, Groceries & 101 Whiting Street. L. KRAWIEC, 44 Broad Street, Confectionery. C. GRAFFINA, 38 Church Street, Fruit & Confectionery, LONGLEY’S RESTAURANT, Confectionery, 40 Church Street. MILLER & HANSON DRUG E, A DEWEY, 0., Grocerles & 30 Church Street. 107 WM. SCHLENKER, Groceries & Confectionery, 642 Arch street. GEO. WILD, Groceries & Confectionery, 118 Winthrop Street. Confectionery, Pleasant Street. 1 KOLODNEY & BROS., Groceries Broad and High Streets. M. MINATSIGIAN. Fruits & Confectionery, 113 North Street. & Confectionery, 1914, — fy the commercial demand for anm American bank. Other Fields to Conquer, Whether other American banke that are members of the Federal Re- serve system will follow the Na- tional City bank into South America or go eastward remains to’ be an- nounced. Both Russia and China of- fer tertile fields, the former from & purely commercial aspect and the latter from the standpoint of loans for valuable concessions. WOMEN ARE TO BLAME. Manner of Dress Cause of Downfall of Men and Women. Atlantic City, July 2.—P! blame for arime on the the women of Richardson, pi eases at the clared 'rueu«y fore the bu and patholo by Amerii sponsible £ afes declared t! clan lies not only 1N but in concerning Rimself education of people to prevent sickness. ., Dr. Alonzo C. Tonney. of Chici in his paper expressed a belief eugénics and the issuance of health certificates by physiclans would pren of no avail in the betterment of the physical conditions of the race.” H advanced, however, a suggestion for a law making the concealment of any infective disease a ground for divorce or liberal alimony. NOW UNDER FIRE IN BULL MOOSE PART}Y | Washington, July 2.—Progressives in congress have decided to send com- munications to Colonel Roosevelt an< George W. Perkins intimating that Mr. Perkins either must cease to be chairman of the national executive committee of the progressive party or must sever his connection with the International Harvester company, which he organized. This communi- cation was described in progresive quarters as an ultimatum intended 1o answer Colonel Roosevelt's statement ' that he would stand or fall with Mr. Perkins. There is no doubt that many | influential progressive members of congress have belleved for a long time that Mr. Perkins' activities werc embarrasing. Some of them have a high regard for him personally, and they do not question his sincerity and unselfishness. WILL REPAIR MANILA, Old Gunboat Will Be Used in Peaceful Pursuits of Commerce, San Francisco, July 2.—The old gunboat Manila, a prize of the Span- ish war, which for fifteen years has lain in the mud flats above the Mare Island navy yard, was towed to San Francisco yesterday to be repaired for the peaceful pursuits of com- merce. When it was brought the Philippines. the fitted up as a prison dence of a high tide left the vessel on a mud bank, and there it re- mained until dragged into deep water recently and turned over to represens tatives of its New Orleans purchaser. from was Subsi- here Manila ship. PECTED. Dr. Maurice RECOVERY F Washington, July 2. Francis Egan, American minister to Denmark, was reported today to be doing very well and his rapid recovery is now looked for. He has been suf- fering from kidney trouble. and a basis for separate maintenance i | | — ESTABLISHED 1886 Globe Clothing House MID-SUMMER— EARANCE SALE s’ Clothing ‘ays Reliable ' Ir everyone pthing at a' , we have but two sales a year, January and July For Twenty-eight Years Our Sales Have' A ways Been Looked For. ; DELICATE. OPERATION PROVES SUCCESSFUL Worst Boy in Philadeiphia Made Best by Surgery. Philadelphia, July 2.—Modern sur- gery has transformed the worst boy in Philadelphia into the best. An opera- tion performed on the boy's skull st the Philadelphia hospital brought about the transformation. Five weeks ago John Gorman of 2915 Hurley street, Kensington, was a confirmed runaway, who was break- ing his mother's heart. Today John hag a job and is sticking to it. He turns his wages over to his mother, he stays home every night and helps care for the other children, and he is doing his best to make up for all the trouble he has given in the pas’. Dent in His Skull, Not long ago the boy was brought to the attention of Dr. Walter S. Cornell, director of the division of medical Inspection of the public schools. Dr. Cornell passed his hand over the lad's head and found a dent in his skull just above the left ear. “Thig is the cause of the trouble” he said, and hustled John out to the Philadelphia hospital. There John was examined by Dr. Willlam L. Rod- man, who confirmed Dr, Cornell's Build a Concrete Poultry suspicion that a piece of the ’ i, which had been fractured was p - ing on the lad's brain, impelling him to violence, driving him into fits of fury and making him restless ang re- bellious, Decided to Operate. Dr, Rodman decidéd to operate, but Just at the time for the operation John was taken with one of his fi He raged and raved and it took men to restrain him. One attendant, weighing 176 pounds, went bouncing off the boy's knees, which he had pounced on to keep him down Not until he was under ether did he become quiet and then the ope tion was performed and a kilver plate inserted in the skull. The surggon found that John had undergone 'an operation six years ago at the Eph copal hospit The 1ad had had & fall. He told no one of the accident | until four months later. When his mother found a swelling on his head | she took him to the Episcopal hoss pital, where the operation was per« formed, But it was not effective, and. John'y idiosyncracies began to appenr, His condition grew steadily worse and had not Dr. Cornell discovered t cause it is likely that the pressure on the brain would have caused acute in< sanity “Like Another Fellow." “I feel like another fellow,” saidl John today. “1 used to feel fierce, had a pain in my head all the t and sometimes my ears would b so 1 couldn’t hear. As soon ad woke up in the hospital 1 felt fine ani I haven't had a pain since. You b I won't run away now. I'm going stick on the job and take care of mj mother and the kids." 27 House > ‘The :oncnu house is rat-proof; it will keep your fowls free from drafts and dampns It is warm, requires no or painting, and is easiest to chm 1t checks vermin and makes winter eggs easier to get. perfect concrete for buil wl.lh. d all other similar work. will tell you how to use it. Our cus. tomers prefer it because it is stronger than ordinary cements and assures a perfect, permanent job. We requires. It is always seasoned. ®sec why we recommend it. arantee ALPHA to be stronger, finer, and more uniform than the U. S. Government standard pure, live and active, thoroughly burned and properly Try it once and you will I’fimfi’! Swift & Upson Lumber G0., New Briain. Cosst