New Britain Herald Newspaper, September 7, 1915, Page 5

STATE FAIR «x DAY AND NIGHT September 14, 15, 16 and 17 THE ONLY FAIR HELD IN CONNECTICUT, RECOGNIZED BY STATE ANNOUNCEMENT—The State Fair will be open Evenings this year and the Attractions Booked have been with this innovation in view. BIG- GER, BETTER, BRIGHTER are the words that describe what this year’s Fair will he—THE MANAGEMENT. FREE ENTERTAINMENTS $3,000 VAUDEVILLE PROGRAM THREE TIMES DAILY. DARTIGNAN’S WILD ANIMAL ACT. VALENTINES — EUROPEAN AERIALIS AUTO FORD’S—ETC., ETC. $2,000 FIREWORKS DISPLAY EVERY NIGHT. DANCING—BAND CONCERTS. ELECTRICAL DECORATIONS. SOMETHING DOING EVERY MINUTE SOCIATION EXHIBITS DISPLAYS BY STATE DEPTS. CONNECTICUT VEGETABLE GROWERS’ AS- ENLARGED EXHIBIT. MACHINERY. MERCANTILE EXHIBITS. % BERL 2:18 TROT. PURSE $500.00. LARGEST DISPLAY OF FARM TOOLS AND PRESERVING DEMONSTRATIONS DAILY. BEST CATTLE SHOW IN THE STATE. THE FAIR WITH A “P ADMISSION—Days 50c; Nights 25c. Reserved Space For 2:28 TROT. PURSE $300.00. 2:21 PACE OR TROT. PURSE $300.00. Thursday PURSE $500.00. PURSE $500.00. PURSE. $300.00. Friday PURSE $300.00 HORSE RACES—Wednesday PACE OR TROT. PURSE $300.00. UNCH” SEE THE DAZZLING MIDWAY Autos AMERICAN BANKERS DISCUSS FINANCGE Reserve Act for Trost Companies | —Withdrawal Without Notice Seattle Wash., S8ept. 7.—The execu- tive committee of the Trust company section of the American Bankers' as- sociation in its report presented at today’s session of the urged ‘‘extreme ¢onservatism” on the part of trust companies in the exten- sion of business. It also held the view that the federal reserve act must undergo a number of changes before trust companies should consider en- tering the federal reserve system. The comittee, of which TUzal H. McCarter of Newark, N. J., is chair- man, pointed out that the year had been full of anxiety for the banker, owing to the European war, and ac- tual monetary disturbances had un- doubtedly been avoided largely be- cause of the confidence felt by the public in the inherent strength of the financial institutions and their ability in an emergency, to avail themselves of the provision of the federal reserve act for rediscounts and the obtaining of such additional currency as might be necessary. Money had been plen- tiful during the entire year, with the result that profits to the banks had been correspondingly low. Dull bus- Iness conditions particularly meant heavy deposit lines for the trust com- panies, and that in turn, necessitated the careful consideration as to how to profitably employ funds on hand. Refers to Action. The action on which the trust com- | panies have taken jointly to test the they are picked—in kitchens ' that are famed for cleanli- ness and care. ‘That explains the delicate M. flavor of .wes Tomato Ketchup Free from Benzoate of Soda 1 1 i ; The federal reserve-lafv was designed “ ) with a commercial object, and inas- | i | committee that convention | constitutionally of the portion of the federal reserve act in which the grant- ing of trust powers is given to national banks, was referred to in the report. Pending the outcome of this suit, the committee had also taken up with the federal reserve board the question of certain regulations in relation to trust companies. The report had this to say: “While the reserve board has met’ your committee’s suggestion in some | particulars, nevertheless it is the juds- ment of your committee that the fed- eral officials have not as yet gone far enough in this regard to permit it to advise the trust companies of the country to join the system. On the contrary, it is the judgment of vour | certain necessary | changes in the act itself, as well as in the regulations of the board, ought | to be made, before the trust companies should consider entering the federal reserve system.” Do Away With Advance Notice. Means whereby the savings banks of the country might do away with the provision that calls for advance notice before a depositor withdraws his money, were advocated in an ad- dress by George E. Edwards, a New York savings banks president, before the Savings Bank section of the Am- erican Bankers’ association convention here today. The solution of the problem, he | contended, was in allowing savings banks to invest in more liquid securi- ties. Panics, he continued, were not i developed from the fear of depositors | that they would not ultimately get their money from the banks but from the fear that they would not be able to get the money just when they want- ed it. “Not only in fairness to depositors, but as a matter of policy, would it not be far wiser to invest a portion of our funds in short-time loans, of the char- octer generally referred to as liquid, and in time of emergency depend upon such leans rather than upon the re- quired notices of withdrawal. “The entrance of the federal reserve banks iato our financial system away with one unfortunate necessity— {he clearing house certificate. That hier unfortunate necessity—notice of withdrawal from the depositors— should have passed away by virtue of the same measure. Points Reccmmended. “As an aid in arriving at a plan it | seems essential: | First: That the federal reserve | banks should be given power to ac- cept the collateral of savings banks | for currency. | through member banks authorized to lact as intermediaries. This may be done Second: Thatstate laws should be enacted permitting investment by sav- ings banks in certain securities accept- able to the federal reserve board. “That savings banks would derive no benefits from direct membership in the federal reserve system is clear. aid | much as the savings banks do not | transact a general commercial busi- ness, they can derive no benefit from ! actual membership. If their assets | can be made liquid they will be free from fear of a run, and in disturbing | periods would not have to depend on depositary banks or rely upon the ex- tension of the time of payment af- forded by notices of withdrawal. “It is to be hoped that congress, | which expects, through the instru- mentality of the federal reserve sys- tem, to make the country panic proof and the several states will pass laws whereby the demands of millions of savings bank depositors will be pro- e e, KEEP WELL AND STRONG by giving the proper attention to the matter of digestion. “Nuvida Laxative Tablets” is a purely vegetable laxative which will render the digestive organs strong and healthy, adding to your physical vigor in every way. NEEDED IN EVERY HOME because they are the laxative that builds a healthy body instead of tear- ing it down. 30 Doses Only 25c Cents. Sent prepaid on receipt of price, or you may secure them from your drug- gist. THE NUVIDA COMPANY, Flushing, N. Y. Free sample sent on request. AT BERLIN FAIR The Popular Forbes Furnace will be on exhibition at the Berlin Fair, or can be seen at any time at our store. Convince yourself why the Forbes Furnace will heat more rooms with | less fuel than any other make on the market. f Sold and Installed by vided for. Such laws will make for better banking and that unfortunate necessity—the notice of withdrawal— like the clearing house certificate, will ke a thing of the past.” TRAIN HITS AUTO; FOUR ARE KILLED Two Men and Their Wives Meet In- stant Death While on Vacation Trip Near Rochester. Rochester, N. Y., Sept. 7.—Four Rochester people were instantly killed last night when a Lehigh Valley train struck an automobile in which they were riding at the Swamp road about a mile west of Victor. The dead: Mr. and Mrs. Frederick R, Smith, No. 54 Augustine street, Rochester. Mr. and Mrs. W. R. Norris, No. 331 Glenwood avenue, Rochester. Mr, Smith was a prominent Roches- ter attorney and had been prominent In democratic politics up to a year or two ago. Mr. Norris was owner of a restau- rant and came to Rochester from New Orleans a few years ago. The party was on its way from Rochester to Canandaigua Lake, where they expected to g0 in camp. No one, other than the train crew, witnessed the accident. The bodies of Mr, and Mrs. Norris and Mrs. Smith were carried on the fender of the engine nearly half a mile beyond the scene of the acci- dent. That of Mr. Smith was found near the scene. GAIEKWAR GIVES PLANES. Simla, India, Sept. 7, via London, 10:35 a. m.—The Galekwar of Baroda has contributed five lakhs rupees ($160,000), to provide aeroplanes for use on the British front. Last De- cember he purchased the steamship Empress of India as a hospital ship for Indian troops. Soon after the war began he offered all his troops and resources to aid the British. MATCH RACE ARRANGED. St. Paul, Minn., S8ept. T7.—Dario [ Resta, Ralph DePalma, “Bob” Bur- man and Eddie O’Donnell will race 100 miles at the speedway here next Sunday for a prize of $10,000, $5,000 of which will go to the winner, $2,500 to second place driver, $1,500 to thirae and $1,000 to fourth. EricsonaJohnson 30 and 3¢ DWIGHT STREET. PURE -SWEET [AwurdedGold Medal San Franoi the highest honor on In rt':lo O;P'O:igafl GERMAN PRINCESS DIES. London, Sept. 7, 1:35 a. m.—Prin- cess Adalbert, wife of the third son of the German Empreor, gave birth to a daughter Saturday. The child died soon after its birth. The con- dition of the princess is reported to be satisfactory. Prince Adalbert and Princess Ade- laide of Saxe-Meniningen were mar- ried August 26, 1914. INJURED MAN DEAD. New Haven, Sept. 7.—From the ef- fects of injuries received yesterday morning at 9:30, when a five-passen- ger touring car, carrying five Sey- mour men to the Hartford fair, turned over on the Seymour road, three miles outside the city limits, Albert H. Sampson, twenty-five, an electrician, of Second avenue, Sey- mour, died at Grace hospital last night shortly before 7 o’clock. MEREDITH D Philadelphfa, Sept. 7, records were broken {n middle Atlantie A A. field championships here E. Meredith, the Uni sylvania sprinter, rep Meadowbrook club, won quirter-mile runs in rap After winning the half in | established a new record lt\sr. which he ran in §0 U do it. An ash pan is hard to remove and it usually spills the ashes in carrying ‘ The deep Ash Hod of our latest ra catches all of the ashes, is easy to remos and carry and does not spill the ashes. Ca Hod beside it. Both hods free with each ra: Then there is a wonderful “Single Damper” [patented]; gives perfect con oY, trol of fire and oven. dampers. Gas ovens Better than two Have you seen it? N if desired, end [single] or elevated [double]. FOR SALE BY J. 0. MILLS & NEW BRITAIN AGE Walker & Pratt Mg, Co., Makers,