New Britain Herald Newspaper, November 17, 1916, Page 7

- SHIPPING BOOM TO FOLLOW BIG DEAL A1l of New York Shipbuilding Co. Properties Are Sold New York, Nov. 17.—One of the Mmost important transactions S0 far handled by the American Internation- al Corporation has been completed “With the purchase of all of the prop- erties of the New York Shibbuilding company. Associated with the Amer- ican International in the deal are the International Mercantije Marine com- pany, which is expected to build sev- eral new vessels for the American line at the plant; the Pacific Mail Steamship company, ‘which is owned Jointly by the American Internationai and W. R. Grace & Co., the American International has the largest interest. The New York Shipbuilding com- pany is seventeen years old, and owns & large modern plant at Camden, N. J., with 111 acres of land and 4,200 feet of waterfront on the Delaware river. The company has $5,000,000 of stock outstanding, but the pur- chase involves $15,000,000, it was said yesterday by Charles A. Stone, pres- ident of the American International he company will be liquidated and a new one formed, and it is expected that part of the nmew stock will be offered for public subscription. The former principal owners of the New York Shipbuilding company were A. W. Mellon of Pittsburgh, Henry C. Frick, and Henry Walters, head of the Atlantic Coast line and Louisville & Nashville. S. M. Knox, ~now president of the company, will be elected president of the new com- i ed labor pany, and the present organization will be kept intact. { To Develop U. S. Commerce. George J- Baldw: / in, senior vice pres- | llrlem of the American International nd president of the Pacific Mail | Steamship company, explained yester- |(lu_v the reasons which had led to the | purchase. He said that in the first 1‘])12“‘(' it was in line with the policy of the corporation to do all in its | power to develop American industries | | and encourage foreign commerce and | | in the second it promised to be a very | i profitable undertaking. The company has contracts which will fill the pre: ent capacity of the yards through 1917, and improvements and exten- sions are planned which will mater- Iy increase the capacity of the rds. Mr. Baldwin said that there vas in view all of the work that American yards could handle in the next five years. It was sald that brought about the shipbuilding industry States to regain i ipremacy- Amer- | ican buliders have already built v sels on the great Jakes which are car- rying cargoes at lower ton-mile cost than any other vessels in the world, and the war has destroyed Great Brit- ain’s advantage over competitors. The >t Wi emphasized yester- day that Norway has spent §$50,000,- 000 in this country recently for ships, and that Japan has paid $90 a ton here for steel plates to be carried over the continent and across the | Pacific, in order to build vessels at | home. Advances in manufacturing methods have largely overcome Great Britain’s great advantage in low-pric- that at the present time such as typewriters, machines, automobiles, and locomotives, can be made cheaper here than abroad. With steel at hand, more modern yards, and better en- gineering, it is asserted that ships can | be built here as cheaply as on the Clyde or Tyne. conditions which decline in the | in the United | many sewing arti The Charm of Beauty without health is like a Beauty diamond without lustre. Health puts the sparkle in the eyes, the glow in the cheeks, the ruby in the lips—buoyancy in the walk and carriage. Pale, listless women need BEECH, 'S PILLS to tone the system, strengthen the stom- ach, renew appetite and increase the supply of pure, red blood. Their use regulates the organs, improves the com- plexion and has a helpful effect on the general health of women. Pills are so beneficial Beecham’s to womankind, and so useful in preserving the charm of beauty, that they should be used by every woman who wants to be well and desires The Joy of Health At All Druggists, 10c., 25c. Directions of special value to women are with every box “The Largest Sale of Any Medicine in the World” NEW BRITAIN DAILY HERALD, FRIDAY, NOVEMBER 17, 1916. CHINA IS GIVEN §5,000,000 LOAN ! Government Needs Money for Actual Running Expenses Washington, Nov. 17.—Announce- ment was made last night by Dr. V. K. Wellington Koo, the Chinese min- ister, that his government, through him, had concluded a loan of $5,000.- 000 gold with the Continental and Commercial bank of Chicago, and that the proceeds of the loan were placed to the credit of the Chinese | government, which was represented in | the negotiations by Levi Mayer of | Chicago. | The arrangement of this loan is be- lieved in some quarters here to mark the ending the arrested development of China. For the last year or so the Chinese government has been in straits to obtain money for the or- dinary expenses of governmental ad- ministration. At one time recently China sought to arrange a loan of $5, 000 through New York and Boston banking houses, but the negotiations fell through on account of the un- willingness of the United States gov- ernment to guarantee to the American financial concerns interested the as- sistance of the United States in com- | pelling China to live up to its obliga- tions. The Chinese government is anxious y Ha3dem CedrOl_J) Rolishing Mop B ety It's & pleasure to wse it with By 61055 deops tovive the o i bight lustre. botle, AT gz 1 A, Andrews & [ thmnn o S& (o to obtain an additional loan of $30, 000,000 to establish a new financial stem, but it deferred negotiations in | that connection until it could obtain §5,000,000 for its immediate admin- istrative needs. Money is badly need- ed by China to pay immediate ex- penses, and the $5,000,000 obtained today will tide the government at Pe- king over its embarrassment. Lansing Approves. Those concerned feel that they have made a distinct gain in obtaining from Secretary Lansing a formal ap- proval of the action of the Chicago bank in furnishing the loan to the Chinese government. Coincidental with the arrangement of the loan, Mr. Lansing handed to the officials of the bank the following letter: Gentlemen: I have read the contract between vourselves and the Republic of China with reference to a loan of $5,000,000 for a period of three years, and I have to say in reply to vour oral request for a statement of the policy of this department respecting such loans that the department of state is alway gratified to see the Republic of China receive financial assistance from the citizens of the United States, and that it is the policy of the department, now as in the past, to give all proper dip- Jomatié support and protection to the legitimate enterprises abroad of American citizens. I am, gentlemen, your obedient servant, ROBERT LANSING. | 1t was pointed out tonight that the loan had a very significant bearing on international affairs. In the first | ernment has negotiated transaction with American bankers at a time when the Japanese govern- ment is endeavoring to supervise the | foreign finances of China. About a year ago, when Japan made certain demands on China, one of them was that the Chinese government should accept a Japanese financial adviser. Another important phase of the American loan is that it is not se- cured by rallway or mining conces- sions. Such concessions have been usual whenever China has gone to for- eign bankers for financial assistance. |In the present state of Chinese af- | fairs, with Russia and Japan seek- |ing privileges suggesting their tention to prevent other governments from participating in the exploitation of Chinese territory, {loan marks a distinct step in the di- rection of an effort on the part of American bankers to resume business | operations on a large scale in China. | place, it means that the Chinese gov- | a financial | in- ! the American | Dr. Caldwell’s Syrup Pe.psin Should Have a Place in Every Home. Constiption, or inaction of the bowels, a condition that nearly every- one experiences with more or less fre- quency, is the direct cause of much disease. When the bowels become clogged with refuse from the stomach, foul gases and poisons are generated, | and unless the congestion is quickly relieved the system becomes weak- ened and most susceptible to attac! Various remedies to relieve const! pation are prescribed, but many of these contain cathartic or purgative agents that are harsh and violent in their action and shock the system. The | most effective remedy is the combina- | tion of simple laxative herbs with | pepsin that is sold in drug stores un- der the name of Dr. Caldwell's Syrup Pepsin. The Hon. John D. Keister of Bran- dywine, W. Va., who nas represented his district in the State | for six years, writes that he uses Dr (Caldwell's Syrup Pepsin and | finds it a splendid laxative, easy to take and mild, vet positive, in its ac- | tion, and that it should be in every household for use when needed. Dr. Caldwell's Syrup Pepsin is sold by druggists in all parts of the United States and costs only fifty cents a bot- tle. It contains no opiate or narcotic drug, not gripe, and recom- does is Legislature | | strongest ! well, This Simple Laxative A Household Necessit mended as a family laxative, m enough for the tinlest babe, yet s ficiently powerful to act easily on constitution. To avoid imitations and ineffect substitutes be sure to get Dr. Ca well's Syrup Pepsin. See that a 4 simile of Dr. Caldwell's signature al his portrait appear on the yell carton in which the bottle is packi A trial bottle free of charge, can obtained by writing to Dr. W. B. Cal 455 Washington St., Monticel Illinois And we have again selected clothing with the Morse label as through and through the highest MADE LOTHES UNION ONLY one thing can log- ically account for the rapidly increasing number of wearers of Morse Made Clothes: Morse Made Clothes are right. MADE grade ready-for-wear garments that money can buy. We have known the makers of Morse Made Clothes for a long time, and we entertain supreme regard for their institution and the clothes that bear its trademark. Your critical inspection of our show- ing of Morse Made Fall Suits and Qver- coats for Men and Young Men is asked. We know from our long experience that the more closely you examine them, the more thor- oughly will you be persuaded that they are unsurpassable values at E20K25K30K35) Morse Made Clothes have a spot: less reputation of “making good”, behind them. Made in the great Morse Shops in Boston, famous for their cleans liness and excellent working conditions, Al Morse Made Clothes bear the Union Label lik rloa and Watertight Roofing You can get them both here. Our coal is speci§lly selected for free-burning qualities and our roofing is the kind that puts an end to repair bills. We sell the genuine Pronounced "RU"as in RUBY. - W-BER-OI - COSTS MORE - WEARS LONGER The long life of RU-BER-0ID is demonstrated by the fact that hun- dreds of roofs covered with it more than twenty years ago are still weatherproof. We have RUW-BER-QI} in Slate Gray and in beautiful, fadeless colors—Tile Red and Copper Green. The “Ru-ber-oid Man" (shown above) is on every roll of the genuine, Diop in when you are in the —by a long lead the most popular model of the day for young men. 42 model that brings out at its best the refinement of Morse tailoring. There are many_ kinds of coal $20 $25 $30 and all sorts of roofing. We carry £ the best of each; coalthat absorbs S heatand burns readily—RU-BER-0] roofiing that repels heat and col alike, is spark-proof and fire-resist- ing. U-BER-010 is a good investment. It lasts for many years without re- pairs, and is permanently water- proofed with a combination of high rade animal and vegetable fata. he high quality of RW-BZR-OI) neighborhood. We'll be glad to has been unvarying for 23 years. show you the real RU-BER-0If). THE W. L. DAMON CoO. Lumber, Coal, Masons’ Supplies and Roofing NEW BRITAIN, CONN. SOLD BY FARRELL CLOTHING CO. 271 MAIN STREET, NEW BRITAIN NN ——— —— NN /e ————SSSSSSNNNANNANNN N i \\\ A