New Britain Herald Newspaper, September 2, 1916, Page 11

NEW BRITAIN DAILY HERALD, SATURDAY, SEPTEMBER 2, 1916, A WELL BALANCED HAT fi A hat that suits your indi- vidual style—that fits your head, is right here. [ Derby from $2.00 to $4.00. € Soft Hats, in the new fall colors, $2.00, $2.50, $3.00. fl All the representative fall blocks are in our showing. Sole Agents for Young and Guyer Hats. ~Sa NEW BRITAIN, CONN WILSON AGCEPTS PARTY LEADERSHIP (Continued From Tenth Page). télligently and energetically ? other party has attempted it at The know What all? apparently, ng busi- republican leaders, of no means of ass ness but “protection.” How to stim- ulate it and put it upon a new foot- ing of energy and they have not suggested. For the farmers of the country we have virtually created commercial credit, by means of the federal re- s ac nd the rural credits act. They now have the standing of other business men in the money market. We have successfully regulated specu- lation in “futures” and established stapdards in the marketing of grains. By an intelligent warehouse act we have as d to make the standard crops available as never before both for systematic marketing and as a se- curity for loans from the banks. We have greatly added to the work of ngighborhood demonstration on the farm itself of improved method of cul- tivation, and, through the intelligent effension of the functions of the de- partment of agriculture, have mado it possible for the farmer to learn s§stematically where his best markets are and how to get at them. The workingmen of America have been given a veritable emancipation, by the legal recognition of a man'’s lapor as part of his life, and not a mére marketable commodity; by ex- empting labor organizations from Proc of the courts which treated their members like fractional parts of | mobs and not like a and re- sponsible individuals; by releasing our seamen from involuntary servitude; by making adequate provision for comipensation for industrial accidents; by providing suitable machinery for mediation and conciliation in indus- trial disputes; and by putting the fed- eral department of labor at the dis- posal of the workingman when in search of work. We have effected the emancipation ofythe children of the country by re- leasing them from hurtful labor. We Have instituted a system of national id in the building of highroads such AS the country has been feeling after for a century. We have sought to Pequalizo taxation by means of an equitable income tax. We have taken the steps that ought to have been taken at the outset to open up the re- sources of Alask We have provid- £ for national defense upon a scale ever before seriously proposed upon Be responsibility of an entire po- jtical party. We have driven jarift lobby from cover and obliged it to substitute solid argument for pri- vate influence. This extraordinary ound like a platform, a list of san- lguine promi but it is not. It is fecord of promises made four years ago and actually redeemed in constructive legislation These things must profoundly dis- turb the thoughts and confound the plans of those who have made them- selves helieve that the democratic party neither understood nor was fPeady to assist the business of the pountry in the great enterprises which { 1s evident and inevitable destiny b undertake and carry through. The king of the lobby must es- pecially disconcert them; for it was hrough the lobby that they sought pd were sure they had found the art of things. The game of priv- Bge can be played successfully by no ther means. This record must equally astonish ose who feared that the democratic party had not opened its heart to com- Tehend tho demands of social jus- ice. We have in four years come Very near to carrying out the plat- form of the progressive party as well § our own; for we also are progres- enterprise e recital must now up ¢ There is one circumstance connect- with this programme which ought B be very plainly stated. It was re- [ | tion that the | sisted at every step by the which the republican party had c tered to and fostered at the expen of the country, and these same inter- ests are now earnestly praving for a reaction which will save their priv- ileges,— for the restoration of thelr sworn friends to power before it 1s too late to recover what they have lost. They fought with particular desperation and infinite resourceful- ness the reform of the banking and currency system, knowing that to be the citadel of their control; and most anxiously are they hoping and plan- ning for the amendment of the fed- eral reserve act by the concentration of control in a single bank which the old familiar group of bankers can keep under their eye and direction. But while the ‘“‘big men” who used to write the tariffs and command the as- sistance of the treasury have been hos- tile,—all but a few with vision—the average business man knows that he has been delivered, and that the fear that was once every day in his heart that the men who controlled credit and directed enterprise from the committee rooms of congress would crush him, is there no more, and will not return,—unless the party that consulted only the ‘“big men” should return to power,—the party of master- ly inactivity and cunning resourceful- ness in standing pat to resist change. The republican party is just the party that cannot meet the new con- ditions of a new age. It does not know the way and it does not wish new conditfons. It tried to break | away from the old leaders and could not. They still select its candidates and dictate its policy, still resist change, still hanker after the old con- ditions, still know no methods of en- couraging business but the old meth- ods. When it changes its leaders and its purposes and brings its ideas up to date it will have the right to ask the American people to give it power again; but not until then. A new age, an ago of revolutionary | change, needs new purposes and new ideas. In foreign affairs we have been guided by principles clearly conceived and consistently lived up to. Perhaps they have not been fully comprehend- ed because they have hitherto gov- | erned international affairs only in theory, not In practice. They are simple, obvious, easily stated, and fun- damental to American ideals. Wae have been neutral not only be- cause it was the fixed and traditional policy of the United States to stand aloof from the politics of Europe and because we had had no part either of fon or of policy in the influences which brought on the present war, but also because it v manifestly our duty to prevent, if it were possible, the indefinite extension of the fir of hate and desolation kindled by that terrible conflict and seek to serve mankind by reserving our strength and our resources for the anxlous ar® | difficult days of restoration and heal- | ing which must follow, when peace will have to build its house anew. The rights of our own citizens of course became involved: that w inevitable. Where they did this w our gulding principle: that property rights can be vindicated by claims | for damages when the war is over, and no modern nation can decline to | arbitrate such claims; but the | fundamental rights of humanity can- not be. The loss of life is irrepar- able. Neither can direct violations of a nation’s sovereignty await vindica- | tion in suits for damages. The na- olates these essential rights must expect to be checiced and called to account by direct challenge and re- | sistance. It at once makes the qua rel in part our own. These are plain principles and we have never lost sight of them or departed from them, what- ever the stress or the perplexity of circumstance or the provocation to hasty resentment. The record is clear | nd consistent throughout and stands | distinct and definite for anyone to judge who wishes to know the truth about it. The seas were not broad enough to keep the infection of the conflict out | of our own politics. The passion and | intrigues of certain active groups and combinations of men amongst us who | were born under foreign injected | the poison of disloyalty into our own | most critical affairs, laid violent hands | upon many of our industries, and sub- | jected us to the shame of divisions | of sentiment and purpose in which | America was contemned and ten. It is part of the business of this year of reckoning and settle- ment to speak plainly and act with unmistakable purpose in rebuke of these things, in order that they may be forever hereatfer impossible. T am the candidate of a party, but I am above all things else an Amer- ican citizen. I neither seek the favor nor fear the displeasure of that small | alien element amongst us which puts | to any foreign power before | loyalty to the United States. While Europe was at war our own | continent, one of our own neighbors, was shaken by revolution. In that tter, too, principle was plain and it was imperative that we should lv up to it if we were to deserve the trust of any real partisan of the right as free men sec it. We have professed to believe, and we do belleve, that the people of small and weak states have the right to expect to be dealt with ctly as the people of big and pow- erful states would be. We have acted upon that principle In dealing with the people of Mexico. Our recent pursuit of bandits into Mexican territory was no violation of that principle. We ventured to enter Mexican territory only because there were no military forces in Mexico tha cauld protect our border from hostile attack and our own people from violence, and we have committed there no single act of hostilit interference even with the sove cuthority of the Republic of Mexico herself. Tt was a plain case of the violation of our own soverignty which could not wait to be vindicated by } damages and for which there was no ather remedy. The authorities of M were powerless to prevent it. serious wrongs against the property, many irreparable wrongs against the persons, of Americans have been committed within the ter- interes I as xico Many | revolution ment | tains power forgot- | ritory of Mexico herself during this confused revolution, wrongs which could not be effectually checked so long as there was na constituted power in Mexico which was in a rosition to check them. We could not act directly in that matter ourselves without denying Mexicans the right to any revolution at all which dis- turbed us and making the emancipa- tion of her own people await our own Interest and convenience. For it is their emancipation that they are seeking—blindly, it may be, and as yet ineffectually, but with pro- faund and passionate purpoge and within thelr unquestionable, right apply what true American principle you will—any principle that an American would publicly avow. The people of Mexico have not been suf- fered to own their own country or direct their own institutions. Out- siders, men out of other nations and with interests too aften alien to their own, have. dictated what their privi- leges and opportunities should be and who should control their land, thefr lives, and their resources,—some of them Americans, pressing for things they could never have got In their own country. The Mexican people arc entitled to attempt their liberty from such influences; and so long as I have anything ta do with the action of our great government I shall ‘do everything in my power to prevent anyone standing in their way. I know that this is hard for some persons ta understand; but it is not hard for the plain people of the United States to understand. It is hard doctrine only for those who wish ta get something for themselves out of Mexico. There arc men, and noble women, too, not a few, of aur own people, thank God! whose fortunes are invested in great properties In Mexico who vet see the case with true vision and assess its issues with true American feeling, The rest can be left for the present out of the reckoning until this en- slaved people has had its day of struggle towards the light. I have heard no one who was free from such tnfluences propose interference by the United States with the interna] affairs of Mexico. Certainly no friend of the | Mexican pecople has proposed it. The peaple of the United States are capable of great sympathies and a noble pity in dealing with problems of this kind. As their spokesman and 1epresentative, T have tried to act In the spirit they would wish me to show. The people of Mexico are striving for the rights that are fun- damental ta life and happines fifteen million oppressed men, over- hurdened women, and pitiful children | in virtual bondage in their own home a1 fertile treasure! revolution taken and lands and inexhaustible Some of the leaders of the may often have been mis- violent and selfish, but the itself was inevitable and is right. The unspeakable Huerta be- trayed the very comrades he scrved, traitorously overthrew the govern- of which he was a trusted part, impudently spoke for the very forces that had driven his people to the re- bellion with which he had pretended io sympathize. The men who over- came him and drove him out repre- sent at least the fierce passion of re- construction which lies at the v heart of liberty nd so long s the: represent, however imperfectly, such a stru e for deliver T am ready serve their ends T can. long as the power of recognition rests with me the gavernment of the United States will refuse to extend the hand of welcome to any one who ob- in a sister republic by treachery and violence. No per- manency can be given the affairs of hy republic by a title based upon ir trigne and assassination. T declared that ta the policy of this administra- tlon within three weeks after I as- cumed the presidency. I here again vow it. I am more interested in tho fortunes of oppressed men and pitiful women and children than in any property rights whatever. Mistakes T have no doubt made in this perplex- ing business, but not in purpase or object. More Is involved than the immedi- ate destinies of Mexico and the rela- tions of the United States with a dis- distracted people.. All Test is now being ne o when and looks on. | wressea America us whether we be sincers popular liberty or not and are indeed to be trusted to respect | national sovercignty among our weaker neighbors, We have under- taken these many years to play b brather to the republics of this hemi: This is the day of our test whether we mean or have ever meant to play that part for our own benefit wholly or also for theirs. Upon the ocutcame of that test (its outcome in their minds, not in ours) depends every relationship of the United States with TLatin, America, whether in politics or in commerce anq en- terptrise. These are great issues and lic at the heart of the gravest tasks of the future, tasks both economic tunfl political and very intimately in- | wrought with many of the most vital of the new issues of the politics of the world, The republles of America ve in the last three ye been drawing together in a new spirit of accommodation, mutual understand- ing, and cordial co-operation. Much of the politics of the world in the years to come will depend upon their relationships with one another. It is a barren and provincial statesmanship that loses sight of such things. The future, the immediate will bring us squarcly face to faco with many great and exacting prob- lems which will search us through and through whether we be able and ready to play the part in the world that we mean to play. It will not bring us into their presence slowly, gently, with ceremonious introduction, but suddenly and at once, the moment the war in Europe is over. They will be new probems, most of them; many will be old problems in a new setting and with new elements which we have never dealt with or reckoned the force and meaning of hefore. They will require for their solution new thinking, fresh courage and Te- sourcefulness, and in some matters radical reconsiderations of policy, Mevers of made | phere. future, (Continued On Twelfth Page). i Henry Clews’ Weekly Letter (Special to the Herald.) New York, Sept, 2.—The threat of a railroad strike all othe revents. Even the tem- porarily became a side is Unfor- tunately, the controversy has de- veloped Inta more or less of a politi- cnl issue because forced upon con- gress at a most inopportune time. Tair and thorough discussion is diffi- cult, if not impossible, at a time when ccngressmen are anxious to return to prepare for a presidential election only two months away. The pressing desire to win votes is almost sure to warp legislative opinion; and legisla tion upon such an important subject would have been better could it have been deferred until calmer and better informed public judgment was ob- toinable. Hasty legislation may easily Prove unjust to ecither sid and at this stage the controversy should go no further than securing an impartiag hearing and disinterested judsment before a competent tribunal of some sort. Arbitration would secure g more permanent, just and satisfactory cettlement than can ever be expected through fears of political conse- Guences. This country needs some recognized method of settling such disputes without resort to violence or intimidation. Official investigation ought at least to be imperative before a strike; and something advantageous can be learned from the experience of Canada, where under very similar conditions, serious strikes have been practically hed by a law which @ims for peaceful settlement through mediation and arbitratian. In Canada investigation before a strike is compulsory; but arbitration is not compulsory and both sides are free for further action after the dispute has been tharoughly ventilated. Public opinion is thus brought to hear upon both sides, thus paving the way for successful mediation and conciliation, The most important event connect- ed with the war for many weeks was the formal entrance of Rumania into he contest. Greece is expected to follow. In all probability, these events will tend to hasten the end. Fifteen nations are now at war.! Fermany will be likely to prolong r tance, however, for the Teason that her lines will strencthen as they contract, and she will have the ad- vantage of being at home and con- ducting her aperations within a well- crganized circle of territor Her torces are hecoming more and more highly concentrated, while the allics are more w cattered upon the outside of the circle. Our smashing foreign trade record is an old but interesting story. The total export from the Uniteq States in July were $445,000,000, or $177,- 000,000 more than a year ago, and $291,000,000 more than in July, 1914, Imports for the same month were 000,000, or $39,000,000 ahead of 120, This left an excess of ex- for the month of 32,800,000 red with $125,000,000 last the seven of the year, our ag 926,000,000, which 1w 000 in excess of last year; while im- ports reached $1,467,000,000, or about $450,000,000 more than last year. The excess of exports for this period | amounted to $1,458,000,000, an in- crease of $497,000,000 in seven months. While there was a moderate ! slowing down of exports in July, as vsual at the end of the old crops, the zeneral volume of exports upon this huge scale was well maintained, chiefly because of continued heavy munition shipments. The latter rromise to be liberal for some time to come; but aside from this feature our export trade is in excellent con- dition, large foreign orders for rail- road material having been received this week, which, though a direct se- quence of the war, can hardly be classified as munitions. New York city benefiting enormously by this | expansion in foreign trade, nine- tenths of which belong autside of this port and simply pass through to other points. Since the war began, ship- ments from New York have about trebled in value. New York s really a port of great national importance. It the nation’s principal gateway znd Is entitled to more consideration than it receives from national legis- lators who usually make political capital by creating prejudice in other parts of the count against this center. These vast transactions havo also been largely flnanced at this center, much to the advantage of our industries at large. The stock market stood up against the railroad dispute with remarkable sturdin and declines were much less than anticipated. This may have been accounted for by belief that a strike would not materialize, also by the fact that the roads are exception- eily prosperous, or further that the market itself was in too sound a position to be serious affected. General trade conditions continue active for the season and traffit is overshadowed war ue. eal- egated $956,000,- months exports is WE Mr. Louie OF NEW BRITAIN. has become associated with us ag with an office in the National Bank Building. ‘We hope for a continuance through Mr. Jones of the cordial relations we have had with our New Britain clients. HMARTFORD NATIONAL BANK BUILDING, New Britain and Hartford Local Investment Scct vate wires to Hornblower & Weeks, New York, Boston, Chicago. | crude and uneconomic method of gold WISH TO ANNOU RICE 4116 AsYLUM S'r.ug ) 9" HarTrORD. Suits for Stout Women a Specialty. Hy-School Boys There is a neglected de- partment in most clothing stores, that which represengs the jump from Knickers to Long Pants. The H. O. P. Hy-School Suit is planned to make fast friends of the boy who is slipping into manhood. It is not built on the na- ture lines of Men’s Clothes —nor yet on the boyish lines of Knickers Suits, but has the distinctive buoyant in- dividuality and smart cut of our snappiest YO UNG MEN’S TOGS that tickles the young land of seventeen and twenty. $11.98 to $22.50 correspondingly large; in fact, unless the threatened strike curtails bu ness, the car supply is in danger of being totally inadequate to meet de- mands. Crop news is still unfavor- able, though corn is ripening more rapidly, and the wheat harvest is pro- grossing. Cotton, however, shows very heavy deterioration, the govern- ment report indicating a condition of 6i.2. This is a drop of about 20 points in twa months, and compares with 69.2 a year ago. For the timeo being, the stock market is entirely in- fluenced by the strike outlook, and the impending holiday. Should there be no strike, prices would quickly re- cover this week's decline; but if trouble is precipitated lower prices will follow; though the market s getting accustomed to all kinds of ehiocks and is less sensitive than usual to unfavorable news. International Coin. After the war the world will be a very different world from what it was Lefore. Governments and their citi- ens will become vastly more demo- atic and travel will be more general retween the people of the various na- {ions, hence the money for the con- venience of travelers especially should be simplified instead of remaining so cenfusing and so difficult of under- standing it is now throughout Kurape. America, England, France a Germany ought to agree upon one international coin at least, representing an equal amount and value in abso- lute gold, which will pass current in cach nation alike: each country to ve its own stamp upon all they ue, If it worked well Japan, China, Russia and other nations if they so desired could be admitted into the combination. This plan would make it easy for travelers going from one country to another. After the war there will be more world inter- course and a unive: 1 standard would materially help travelers and do away with the camplications now caused by each country having its own coin money. It is alsa timely to suggest some other method of settling our foreign trade balances than by the shipments; fro acros Why send gald the seas at considerablo risk and expense, when if a suitable institution were created balances could be adjusted merely by a trans- fer of credits or shipments of cer- tificates? The present methods of gold shipmert are clumsy and worthy of the dark ages. When pcace comes some better devices ought to be in- stituted. to anad HENRY CLEWS. MANILA MAIL CENSORED. British Cruiser Takes Dutch ship Into Custody. Steam- Manila, Sept. 2—The Dutch steamer Arakan, which has arr Ja of war Passage kan, Borneo, where she was quaran- tined. The Manila mail on board the Ara- kan was seized and censored over night but the mail for Hong Kong, gasaki and San Francisco was not disturbed. ved here from British Cadmus halted her 1, reports that the sloop Sibutu to Sanda- in and convoyed her E THAT S. Jones our New Britain representative HARTFORD, CONN. itics, Direct Pri- RICHTER & CO. MEMBERS ) W YORK STOCK EX CHANGH. Represented by E. W. BEddy. 81 West Main St., Oity Hall Building Telephone 1840, orth & Judd Stock FINANCIAL NEWS MARINES PREFERRED HITS HIGH RECORD U. S. Steel Regains Much of Yes- terday’s Reversal ‘Wal] Street.—Covering of short con- tracts, a natural precaution In view of the approaching holidays, prised the bulk of today’'s light deal- ings, the movement being heightened by the encouraging outlook of the rallroad controversy. Marines were the chief feature with the preferred at a new high record. United States Steel regained much of yesterday's reversal and rails were higher. The closing was strong. steady. com- Bonds New York Stock Exchange quota- tions furnished by Richter & Co., members of the New York Stock Ex- change. Represented by E. W. Eddy. Sept. 2, 1916 High Low Close 897% 87% 89% 1215 117% 123 62 60% 62% 27% 27% 27% 613% 603% 61% 6% 76% T763% 97% 97 97% 1087% 1087% 1087% ...2199% 219% 219% Am Tel & Tel 131% 131 131% Anaconda Cop 853, 843 Am Beet Sugar Alaska Gold Am Car & Fdy Co. Am Ice Am Can Am Loco . Am Smelting Am Sugar Am Tobacco cent., mking the dividend $15 per share rather than $14 per share onl October 1, there has been good buy- ing of the stock and the price has be- gun to soar. This morning it was strong at 850-856. There has also been unusually heavy buying of the North & Judd stock. Today the stock rose higher than yesterday and sold at 94 and 95. Other quotations were as follows: American Brass 83 286 American Hardware 131 134 American Silver .... 27 29 Billings and Spencer ..118 120 Bristol Brass ...... 67% 68% Eagle Lock i 76 78 Landers, Frary & Clark 72 78 New Britain Machine .. 82 84 Niles-Bement-Pond 166 168 Standard Screw 832 387 Stanley Works . 871 88% Union Manufacturing .. 93 95 National Surety 286 287 Scovill 570 576 HARRISON UPHOLDS HOSPITAD. Manila, Sept, 2.—Governor General Francis Burton Harrison has sus- tained the authorities of the general hospital in thelr conflict with the em- ployes which culminated in a strike of the nurses and in a small riot. At the suggestion of the hospital officials, the governor has ordered Director Colson of the civil service to inves- tigate the dispute. MONEY 86 % A TS Fe Ry . 4 1023 10214 Baldwin Loco 6% 18% 85 859 65 67% 175% 177 56% 56% 60% 603 93 94 465 487% 136 136 3% 5% 1491 149% 44% 443 36% 36% 521 5214 167 167% 13 T1% 1163% 117 37Y, 87% 101 101 56% b67% 23% 243 5% T6% 78 781 8314 1028 186 104 208 26% 1097% 12814 27T% 56% 53 247% 105 533 Butte Superior ... Canadian Pacific Central Leather Ches & Ohfo i Chi Mil & St Paul. (@l 13" 3 38 onmaan ConslGasetis ol Crucible Steel .. Del & Hudson Distillers Sec .. Hinjo S Erie 1st pfd ..... 62% General Electric .167% Goodrich Rub ... 71% Great Nor pfd 117 Gt Nor Ore Cetfs. 37% Illinois Central ...101% Inspiration . 67% Kansas City so ... 243% Lack Steel Setes O Lehigh Valley 781 Max Motor com... 8314 Mex Petroleum 1027% N Y Air Brake ...135 N Y C & Hudson.104 Nev Cons 203 N Y Ont & West.. 2614 Northern Pacific .1097% Norfolk & West...128% Pac Mail S S Co 27% Penn R R . 56% Pressed Steel Car . 53 Ray Cons . Reading e Rep I & S com. Rep I & S pfd Southern Pacific . Southern Ry . Southern Ry pfd.. Studebaker ..... Tenn Copper Texas Oil .... Union Pacific . United Fruit Utah Copper . . U S Rubber Co.... U S Steel U S Steel pfd Westinghouse Western Union Willys Overland EXPECT DIVIDEND INCREASE 7 567% 6035 94 181 36 5% L1493 447% 363 2614 1081 127 27 555 5214 249 108 524 113% 96 % 28 671 119 231 194% 137 163% 831 563% 95 % 1178 67% 94% 44 105 533 1137% 96 2314 67 SR . 25 L1941 .138% .1637% 835 57 96 % 117Y% 591 94 443 Colt’s Jumps Ahcad on Strength of Reports—Heavy Buying of North & Judd Stock. On the strength of current rumor that the Colt's Patent Firearms com- pany is considering an increase of Deposited In Our SAVINGS DEPARTMENT On Or Before SEPT. 3rd |Will Bear Interest; From Sept. 1st COMMERCIAL TRUST CO. 274 MAIN ST. ASSETS OVER $600,000 dividends from 16 per cent. to 20 per CAPITAL $750,000. M. H. WHAPLE Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORATION organized and qualified through years of efficient, trustworthy service, to act as Conservator, Guardian Executor or Administrator. Connecticut Trust and Safe Deposit Co. g HARTFORD, CONN. ( SURPLUS $750,000