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

There 1s such a thing as having too uch of a good thing—that's why we alke our advertisements so short. This we showing of clothing that will make y purchaser thankful—at the qual- ¥ and the price. *ls is men’s suit week; here'’s Amserican clothing from cloth to hish. The best made clothing in the prid today. osts nothing to look. Sweaters, Gloves and Underwear. old in 5, 10, 25 and 50 Ib. cotton bags Qrder Domino Granulated nd you'll not only be sure of petting all cane sugar, but you'll pet the best sugar. You'll get ugar that’s clean, dry and of ighest sweetening power. Un- puched by hands. Packed in ottén bags at the refinery. Sweeten it with Domino ranulated, Tablet, Powdered, Confectioners NOW COMES THE RABBIT. fAustin, Tex., Dec. 2.—The Texas fie department of agriculture has cided to attempt to create a coun- BRITAIN DAILY HERALD, SATURDAY, DECEMBER 2, 'ENGLAND EXPECTED | T0 PASS TARNOW iImpression Prevails That Safety Will Be Assured Austrian Envoy Tondon, Dec, 2.—A strong impres- ion prevdils that Great Britain will grant the request from Washington for a reconsideration of the refusel of a safe conduct for Count Adam Tar- nowski von Tarnow, who was recently appointed Austro-Hungarian ambassa- dor to the United States. Although stating that he had not vet seen the Washington request, Lord Robert Cecil, minister of war trade, in discu ng the question with the Associated Press correspondent sa: “It must be kept in mind that the question presents two entirely distinct phases. The first is that of belliger- ents to whom we could not extend fa- vor under any circumstances. We can discuss and arrange for the exchange of military and civillan prisoners and other similar matters with the cen- tral powers, but, on account of thelir actions in this war, we cannot be ex- pected to grant them a single favor. The other phase concerns a friend- 1y neutral, like the United States, to whom we are ready to grant any favor which does not violate our imperative necessities. To grant safe conduct to Count Tarnowski, for which there are precedents, may fall within the latter phase, but it is a difficult ques- tion about which it would be danger- ous to prophesy.” The American request has been pre- sented directly to Viscount Gray, sec- retary of state for foreign affairs. Some time may elapse before action is taken as the French government must be cancelled. It became known on November 29 that the United States had sent notes to Great Britain and France request- ing reconsideration by those govern- ments of their refusal to issue a safe conduct through their blockade lines for Count Tarnowski, The notes point- ed out that it was the inalienable right of sovereign nations to exchange ambassadors and insisted that a third nation, even in war time, was not jus- tified in denying that right. TAFT RAPS LABOR Former President Says Attitude of Big Four Brotherhoods Is Threat to Starve Nation Into Submission. Providence, R, I, Dec, 2.—“The danger to American economic strength through the tendency of union labor to place itself above law and order is one big cloud on our horizon when we look to the days to follow this world conflict,” said former President Taft in an address at the chamber of commerce yesterday. The highest tribunal in the nation has been noti- fled that unless the Adamson law Is upheld the threatened railroad strike will be enforced. It is a threat to starve the nation into submission. The decision resulting may be the proper one, but the means contemplated are wholly wrong. If we have a railroad strike all forces of public opinion and public action must be called.into play to force obedience.” -wide demand for rabbit meat. It expected that not less than one mil- m Texas-born and reared rabbits fil be shipped to New England and eastern markets during the winter months. Commissioner Daivis says the rabbits are quoted in some cities at a higher price than turkey or chicken. a landing stage on where the president will presidential French and James W. Germany, flower. fleld and the members of the mayor’s committee will board San Francisco and craft will steam down stream and lie | off Bedloe’s Island at 5: rounded by Established Credit The firm, corporation or individ- ual of established credit recog- nizes the value of an account with the Commercial Trust Co.— Our at your its prestige and safety. modern facilities are service. Checking accounts are GODDESS AWAITING HER GOLDEN GOWN President fo Light Statue of Liberty by Wireless Key New York, Dec. 2.—The Statue of Liberty will be illuminated from torch to base tonight at the dedication of a permanent lighting system. Presi- dent Wilson will give the signal for turning on the lights. Jules Jusserand. the French ambassador, Secretary Daniels of the navy, Secretary of Commerce ‘Redfield and many other prominent men will attend the cere- mony. The illumination, which here- after will be a nightly feature of the Goddess, was paid for by popular sub- scription started by the New York World. President Wilson, accompanied by Mrs. Wilson, Secretary Tumulty and Dr. Grayson, is due to arrive at 3:18 p. m. The party will be met by Mayor Mitchel and a committee of 200 citizens and will he escorted to the North river, board the Mayflower. The Mrs. Jusserand Gerard, ambassador to will be guests on the May- Secretaries Daniels and Red- vacht ambassador, the warships Yankton. The 5 p. m., sur- several battleships of the Atlantic fleet. Then President Wilson will touch a wireless key and begin a message ordering the statue illuminated. A rocket will be fired from the May- flower at the same time. The cur- rent will be released from the new lighting plant and the statue will be illuminated. Ruth Law will fly above the statue in an illuminated airplane bearing the word ‘Liberty.” Following the ceremony the presi- dent and other officials will ride in automobiles in a parade through low- er New York up Fifth avenue. The electric lights along the avenue will be replaced by ‘golden lamps” WHETHER-- Jew or Greek, Bond or Free, Male or Female---you owe it to yourself to attend the Campaign Different Evangelistic YOU WILL HEAR Different Speakers Different Messages Different Beliefs Different Admonitions Second Advent Church Church Street Near Stanley Street Commencing Sunday, Dec. 3rd 10:30 A. M. and 7:30 P. M. Each Evening After Dec. 3rd, Except Saturday, 7:30 and immediately preceding the prés- idential equipage will be a float bear- ing the symbolic figures ‘“Peace and Prosperity.” A dinner will follow at which Mayor Mitchel will be toastmaster and the speakers will include the president, Ambassador Jusserand, Former United States Senator Chaun- cey M. Depew, Henry L. Doherty, President of the Society for Electrical Development, the World. Ambassador Jusserand will read a cablegram from President Poincare expressing the appreclation of the French republic. Washington. Dec. 2.—President Wilson, accompanied by Mrs. Wilson, left at 10:08 a. m., for New York to participate in the inauguration of the rew lghting system of the Statue of Liberty this evening. They expect to leave New York at midnight to return. (Springfleld Republican), Judge Hook'’s decision that the Adamson law was unconstitutional served the purpose of expediting an immediate appeal to the United States supreme court, but a decision that the law was constitutional would have had precisely the same effect. The judge admitted that his opinion was not based on study of the merits of the question; what he did was to trans- late an impression into a judiclal de- cision, and his impression might eas- ily have been rooted in a mere preju- dice against the statute. No special harm was ‘done, to be sure; for the United States supreme court will not be in the least influenced by Judge Hook. Yet why should judges of in- questions, ever presume to nullify an act of congress on the ground of un- constitutionality? 'Why don’t they content themselves with a presump- tion that any law passed by congress and signed by the president is consti- tutionally sound? They might well follow that course, leaving to litigants the privilege of appealing from their decisions to the higher courts. The practice of minor judges in nullifying laws on constitutional grounds h been much overdone—so much so that proposals have been made that only the United States supreme court shall be permitted by law to deny the con- stitutionality of an act of congress. and Ralph Pulitzer of | | than ferior United States courts whose de- | cisions are not final on constitutional | 1916. Henry Clews’ Weekly Letter (Special to the Herald) New York, Dec. For several weeks past reactionary symptoms have been developing in the stock market. Under the stimulus of war inflation the situation had become very one- vided, and the danger of too violent a reversal was becoming more and more apparent, unless the brakes could be applied with discretion. The first check came from a perfectly natural cause—the desire to take profits. A great deal of liquidation has already occurred during the month just closed, insiders in a position to know being fully aware that it was advisable to lessen their holdings before the move- ment had reached a clima: To this extent the technical situation has been improved, especially by this week’s decline. But other influences have also been j at work temporarily favoring a re- action. The first of these was the general uprising against high prices, especially in commodities. Dear food was breeding serious public discon- tent and paving the way for further igovernment interference with busi- ness. Again there were signs that our prosperity wave while not ended is approaching, if it has not reached, its zenith, and that owing to the greatly increased cost of doing business thero will be no such profits in 1917 1916. Labor is securing a liber: proportion of these profits, and when the increased costs of labor, raw ma- terials and distribution are taken into consideration the margin of profits it will be discovered, has been materially affected. Moreover, high prices are already causing lessened consumption and increased production. Thus does natural law in the form of supply and demand automatically correct ab- normal conditions more surely than any of the fads and nostrums ad- vanced by those who believe in gov- ernment regulation. Natural law still superior to all human interfer- ence, which usually results in a new set of ills, worse than those attempted to displace. Anothér cause of reaction was the increased tightness of money. The expansion of credit has been enor- mous, and in spite of the marvelous growth of banking resources, the de- mand for accumulation was growing at a pace that rendered a slowing down inevitable. The immense volume of business at abnormal profits, the great expangion of credit, the absorption of foreign-held securi- ties, the huge amount of money in- vested in various foreign loans and the demands of new enterprises at home, all meant heavy demands upon the local money market. Lenders and investors are consequently asking and securing better rates; in other words, capital, like other things, is rising in value because demand is overtaking supply and owners are enabled to hold for more advantageous terms, Still another disappointment was the unexpected attitude of the Federal Reserve Board toward the forthcom- ing issue of British treasury notes, in which investment was discouraged. Concerning the wisdom of this pro- nouncement there was a decided di- vision of opinion, there being no ques- tion about the safety of these treasury bills, which are simply unrenewable short term obligations of the British government. The advice to bankers to go slow and not absarb these se- curities in too large amounts may have been conservative and timely, but would have done less harm if ‘more discreetly offered. The natural effect of this announcement, which was not generally understood, was to depress foreilgn bonds, and it may temporarily interfere with their mar- Xeting in this country, especlally in view of the new issues anticipated early next year. Should the market for these bonds here be affected, it would also tend to check munition orders and such exports as have de- pended upon this method of payment. Thus far during the war this coun- try has taken over $1,500,000,000 in foreign bonds, an amount much less than the annual requirements of American railroads for the same period. These sums were not loans in the ordinary sense of the term, but legitimate payment for munitions, more acceptable to us thau. gold or our own securities. It is not desirable that we take back all foreign hold- ings of our ghares, since a good inter- national market far them adds to their stability in times of stress at home. Moreover, it is well for our own| sakes to maintain a good market abroad for American securities in case this country ever meets a cris in which it might be obliged to cros the Atlantic for financial assistance. On Monday next congress opens and a new set of conditions will be, faced. It is a short session and there is con- | siderable left-over business of an im- portant nature that should be finished | before the new congress comes in a year hence. Fortunately there are no disturbing issues immediately in sight. The money market continues to| show a hardening tendency, and as a | result funds are flowing more freely in this direction from the interior. Gold imports from Canada were re- | newed, about $25,000,000 having ar- | rived this week with prospects of | more following. December disburse- | ments were estimated at nearly §17 000,000, or about twenty millions more a year ago. This increase is| small compared with the known | profits of many concerns, but prove that abnormal earnings are to a large | extent being wisely devated to re- ducing fixed obligations, improving plant, building extensions and other- wise putting our industrial concerr in a stronger position for meeting con- | tingencies. January disbursements | will also be heavy, and a good invest ment demand for better grade secur ties is to be anticipated during the | next few weel Th dispasition to | “salt down” recent gains becoming | more and more evident among conser- | vative investor: The war as a factor exerted little effect last week. The persistent talk of peace naturally affects the outlook | officers at Fort Sam Houston, who see | revolutionizing | along the border where good roads are Furs and Fur Sets Whether you want to pay a small sum or a large sum for a fur piece or fur set you’ll find the variety at the H. O. P. store suited to your needs. All are good furs—excellent values for the prices asked. We mention just a few today. | Leopard Coney $10 up, Coney and Wolf Sets from $5.00 up, Black Fox Muff $16. Natural Cat Lynx Set $20. Red Fox Set $18.00. Coney Set $19 Raccoon Muff $22.50, Beautiful Wolf scarf, $27.45. Opossum Set $29.75. Red Fox Muff $29.50. Handsome Marten Set $52.50, Many others to choose from, Sets adjustable 14-116 ASYLUM ST, 7 ¢ (G J HARTFORD. Suits for Stout Women a Specialty of industrials dependent upon war contracts, though this factor is| naturally affset by the absolute re-| fusal of the Allies to consider any mediation at this time. The growing | pressure of neutral influence, however, plus war weariness and the intense longing for an end to this terrible con- flict must in time bring peace. Fundamentally the market is in fairly good condition, since trade is active, credit sound, and there are no signs of business recession. There is no question but that the advance in stocks had been too rapid and uneven, and some sort of readjustment was in- evitable. The reaction of the last| few days has been beneficial, and as soon as it has run its course recove: will be in order; though it must be re- | membered these are unsettled times and discrimination should be closely followed. | At this Thanksgiving period the | American people should he thankful' for living in a country and helonging} to a nation not engage resent death-dealing and des waging in Europe; thankful that only struggle in which we are involved is one of diplomacy and not of war- fore; thankful by all who are to work, to participate in a conserva tive and satisfactory degree in widespread prosperity now prev ing throughout our God-prote country. ted | HENRY CLEWS. MARKET MOVES UPWARD Indications on Hartford Exchange To- day That the Bottom Had Been Reached and Climb Had Started. | I | i The Hartford stock exchange was a more cheery place today as, accord- ing to the information given the leading brokers, the bottom been reached and the upw u.u’nb‘ of the stocks has started. None of | the " stocks suffered any and those | which did not gain at least were stronger and more in demand than | previously, Among the leaders today Niles-Bement-Pond, American Brass, Stanley Works, Coit’s, Scovill, Bristol Bra and Landers. The demand for these stocks was refreshing to the brokers, after the lay off of the past week, and in several instances, as will be noted by a glance ing quotations, the prices rose above | thoge of yesterday: out by | has | were | Bid Asked | Aetna Nut x-d 7 American Hardware .135 140 American Silver ....... 3 36 Billings & Spencer 128 Bristol Brass Colt's Fire Arms Landers, F' y & C hh(. Marine Lamp Marlin Arms . New Britain \f’l(‘hknx Niles-Bement-Pond North & Judd . Russel] Mfg . Scovill Mfg Stanley Works Standard Screw Torrington Traut & Hine Union Mfg .. P& &% 0w WATCHING THE CATERPILLAR. Army Tractor on Second Leg of Trial Trip. —The States army’s first caterpillar train was believed by officers here to have started today on the second half of its journey over the west Texas desert, between Marfa and Presidio. Reports of the train’s experimental trip are being waited with interest by San Antonio, D United tracor in the new mode of transportation a influence in traffic few and more trucks cannot go. The train consists of a Caterpillar tractor somewhat in principle like the English tank in France, and four trailers loaded with lumber. Several days will be required for the sixty- three mile trip which began Thursday, as the tractors make only 2 1-2 miles { but active session, | scored by | later the | | Alaska | Am 'A TS Fe Ry Co.. | Chino Copper at the follow- |1 | Brie 1st pfd MEMBERS NEW YORK STOCK EXCHANGE Represented by E. W. EDDY 31 West Main Street, + City Hall Building Telephone 1840 Stanley Works North & Judd American Hardware 100 shs Bristol Brass 100 shs Niles-Bement-Pond 50 shs American Brass Co. 50 shs Colt’s Arms ° 50 shs Scovill Mfg. Co. 100 shs 100 shs 100 shs FINANCIAL NEWS 143 Inspnfi\('r*n 106 % ]\.ln\'\fl C II\ von Lack \!(‘(‘1 . .o U,nlnm\ Val | Max Mot com .... 73 Mex Petrol 1075 Several New Figures Made and |~ &' wiva hosn Closing Is Strong & West 343% 111% 141% Y ont or Pac | Norf & West | Penn R R Minor rails, specialties the | Pressed Steel utilities group featured today’s short Ray ]{"r\\s Mg ing with further ac- Ro” ; cumulation of Rock Island, Missouri g, pac Pacific and Wabas! les at gains of | go Ry one to-two points and as much OF | g5 Ry pfd more for Western Maryland. OWiO | gtuachaker Gas made an extreme gain of 6% | monn Cop points to 124 and new records Were | rmeyas Oil Columbia Gas, Pittsburgh | {ion p; Coal common and preferred and Utah | {rniteq 160 Securities. Coppers rose briskly in Tian cop e 1265 dealings and advances were | v g Rub Co .. 6% | made by the leather group, SUZATS, iy 126 papers and shipping issues. United 1215 | States Steel and associated Stocks re- | v Car chom .. 8% acted slightly on moderate pressure. fyeociinoponce "7 8315 The closing was strong. Total sales |yon 000 00 o0 g0 55 b were estimated at ,000 shares. | : Bonds were firm. {Nev Cons ... 31 | i and Jn,% 2414 2071 148 U § Steel pfd < e More Small Coins Needed, ork Stock Exchange quota- s Sy tions furnished by Richter & Co. | Mountain Diepga members of the New York Stock Ex- change. Represented by E. W. Eddy. Dec. 2, 1916 High Low Close Am Beet Sugar L1051 104 105 Gold 143 14% Ag Chem <. 95% Car & Fdy Ico Candnin Toeo i 91 Am Smelting ....118% Am Sugar .. v]]/) Am Tel & Tel ....127 Anaconda Cop ew; (Denver Rocky The abnormal situation pre the other engaged in this country, due to of the world being | scientific destruction of life and prog erty at a cost inconceivable, brings a call for a new class of coins of smal denomination to help out the eco- 971 . tion in certain fields. 6315 6214 A publisher has written to | American Newspaper Publishers’ as- ociation urging a campaign for hav- ing the mints coin a 1%-cent piece a 2%-cent plece and possibly a piece. Considerable discuss taken place in the daily press al ready over the proposition. TFew take { kindly to tha ent coin. A number e the 1%-cent coin and a ny oppose it, but there Am Am Am | | | nomic si the Am 10614 Baldwin® Loco ... 77 76 B & O How Ll 863 B RO 85 85 5 ur Butte Superior ... §9 681% Ca an Pacific .1683% 167 1683 { a unarimity for the 2%4-cent piece as Central Leather ..111% 110% 111 | filling a want. The belief is that it Ches & Ohio 687 69 693 | lic. One of the uses the new comns would be put to wonld be in exchangs for an increased c Tha price of reached the maximum, counts, and 3 ¢ | among publishers « 4 ! ing the prices to suM larly on street sales, Chi Mil & St Paul Col B & I Cons Gas Crucible Steel Del & Hudson.. llers Sec from serious where of I General Rlectric BEACH & AUSTIN ROOM 410 2120 NEFW ERITAIN NATIONAL BANK BUIDING. REPRESENTED BY L. S, JONES. AM. BRASS, BRISTOL BRASS AND NORTH & JUDD BOUGHT AND SOLD & Weeks, TEL. Direct private wires to Hornblower New York, Boston, Chicago. Conzecticut Trust and Safe beposit Co. 3 STRONG, RELIABLE CORPORATION trusrworthy service, to act as Conservator, Guardian Executor or Administrator. CAPITAL $750,006. SURPLUS $750,000 Connecticut Trust and Safe Deposit Co. 3i. H. WUADLES, Prest HARTFORD, CONN. an hour. § organized and qualified through years of efficient, g P S e e~