New Britain Herald Newspaper, July 13, 1917, Page 18

. NEW BRITAIN DAILY HERALD, FRIDAY, JULY 13, 1917. USINESS FAILURES DECLINING IN 1917 Showing Since 1911 for First Six Months 'With 7,488 failures for $94,721,356, usive of banking suspensions and large life insurance receivership in pnnsylvania, the country’s commer- 1 mortality during the first half 1917 made the best numerical ex- bit since 1911, while the liabilities pre the smallest for any similar briod in nearly a decade. The pres- it figures compare with the $9,495 ‘aults, involving $111,242,421, re- rted to R, G. Dun & Co,, last year, d with 12,740 for $188,587,685 in 15—the highest point on record, In first six months of 1914 there were 43 insolvenci with aggregate fbts of about $185,000,000. It thus pears that despite the very material Brease in new ‘enterprises and other tors calculatéd to enhance the pos- bilitics of financial embarrassment, lures have en relatively moder- and a study of the latest state- nt discloses no evidence that the jonomic readjustments occasioned this nation’s participation in the r have caused serious disturbance business. The improvement which htured the returns during the first’ jree months of this year was well ntained in the second quarter,and Jfaults in June were less numerous an in the same month of 1916 and 15, with the smallest liabilities for period, excepting those of last ar, since 1912. [Both in number and amount, iction occurred in d trading defaults; but whereas ere were 140 fewer insolvencies ong agents brokers and other con- 8 not properly included in either the two leading classes, the in- btedness was about $1,000,000 lar- than in the first half of 1916. Thus ch failures numbered 361 for $17,- 6,889, as against 501 for $16,249,- 9; while there were 1,888 manufac- Fing reverses, involving $40,440,908, comparison wths 2,i247 for $39,- 7,743, and 5,239 in the trading divi- pbn for $37,004,5659, as contrasted th 6,747 last year for $56,093,870. le trading defaults, made relatively best showing, with a numerical grease of 22 percent. and a contrac- bn of 34 per cent. in amount. Geographically examined, the rec- d discloses practically country-wide hprovement in the business mortali- for there were fewer failures in all the eight sections into which the tement is divided, and only in the 'w England and Pacific States were bilities larger than in the first half 1916. Numerically, a reduction 6564 occurred in the Middle Atlan- group; in the South Central di- sion the decrease was 470; in the puth Atlantic States it was 263; in ¢ Central East 234; in the Central ‘est 208; in New England 126, and the Pacific and Western States erc was a falling of of 117 and 25 faults, respectively. As to the nount involved, relatively the best hibit was made by the South Cen- al and Western sections with reduc- ons of over 50 per cent in each se, and the increase on the Pacific past was moderate. Excepting Vermont, all of the six ew England States reported fewer ilures, and only in Massachusetts d Connecticut, were the liabilities rger than in the first half of 1916. re- manufacturing otal defaults in this section number- [ il 778 for $12,891,493, as against 904 h the previous vear for $8,484,595 pd 1,068 in 1915 for $11,933,501. he numerical increase in Vermont y 1936 was 19 per cent or 31 in- rencies compared with 26; but ere was a reduction of 45 reverses h Rhode Island; 88 in Maine; 30 in ssachusetts; 15 in New Hampshire d 8 in Connecticut. In respect to he amount involvedy Connecticut ade the most unsatisfactory show- hg with an expanion of early $5,000,- 00, due to one large manufacturing ure late in June. In Massa- husetts the indebtedness rose $347,- 00; whereas in Maine it fell off 444000; in Vermont $135,0000 and Rhode ¥sland $124,000, while in New Hampshire the decrease was ght. Seperated according to occu- Mon the New England figures show amall increase in number of manu- Jacturing failures and liabilities $5,- D,000 larger, but among traders fhe was substantial improvement = both respects, and though in the blass embracing agents, brokers, etc., amount was somewhat greater here were 29 fewer suspensions. itches just use Resinol No remedy can honestly promise 10 Aeal every case of eczema or sim- ilarskinailment. But Resinol Oint- ment, aided by Resinol Soap, gives such #nstant relief from the itching and burning, and so generally suc- «ceeds in clearing the eruption away for good, that it is the standard skin treatment of thousands and thou- sands of physicians. Why not try it ? Resinol Ointment and Resinol Soap are sold byall druggists. DUKE NOMINATED AS TEMPORARY HEAD OF IRISH CONVENTION Premier Lloyd George announced in the house of commons that the Irish convention would meet July 25 to deal with preliminary business, in- cluding the appointment of a chair- man. Lloyd George said the govern- ment had suggested that Henry E. Duke, chief secretary for Ireland, act as provisional or temporary chair- man. He added he thought it ob- viously better that the choice of a chairman should be with the conven- tion. The first sitting of the body will be held in Dublin, Lloyvd George an- nounced. The convention will be free to sit elsewhere, however, if it so de- cides. The government, said the premier, hoped that the arrangement proposed would not involve the long absence of the chief secretary for Ireland from his official duties. Mr. Duke has been Unionist mem- ber of parliament for Exeter since 1910 and was a member of the As- quith ministry, SHELTER HUTS FOR NOMAD TOURISTS Conveniences Afforded for Vaca- tionists in Glacier Park ‘Washington, July 13.—Wanderers over the magnificently scenic trails of Glacier National Park this sum- mer will find their travel eased. by the new shelter cabins under con- struction by the National Park Serv- ice, department of the interior. In- stead of camping in the open, the hiker and trail rider will find at con- venient intervals picturesque log cab- ins awaiting them. Here they will find shelter from storm and wind. The cabins are equipped with tables, chairs, and a satisfactory cook stove provided with large pots and pans of the sort that is inconvenient to lug around. There will be two of these cabins on the celebrated Gunsight Trail, the route over the Continenta] Divide be- | tween Lake McDermott on the east and Lake McDonald on the west. One of these is located just south of Piegan Pass, a natural resting and luncheon spot for travelers in both directions. The other is at the foot of Gunsight Lake, with Gunsight Pass outlined against the western sky. A Chalet With a History. This site has a picturesque history. A chalet camp was originally built there several years ago by the com- pany operating the east side hotels. Long after the close of the first sea- son and just before hibernating time, a big hungry grizzly bear broke in and devoured everything eatable. He then proceeded to smash into bits everything in the chalet which was smashable. Not a piece of furniture wag left undemolished. The next season the hotel company refitted the chatet and took care of the summer’s business; but that fol- lowing winter an enormous avalanche slipped down the eastern slopes of Mount Jackson and demolished the entire structure as completely as the grizzly had previously demolished its furniture. This discouraged' the hotel com- pany; the chalet was not rebuilt. But a rest house was badly needed at this spot, so the department of the in- terior is replacing the chalet with a shelter cabin. The materials for the building of the cabin are convenient- 1y at hand. Another of the shelter cabins will be found at Iceberg Lake, that won- der spot so near to Lake McDermott. It will serve as the luncheon kitchen and resthouse for ' thousands who make the amazing one-day trip from McDermott to gaze upon its gigantic gorge, explore its mimic glacler, and revel in Its berg-dotted lake. Other shelter cabins will be found on the Tripte Divide and at Red Eagle Lake NO BEER FOR STRANGERS. Liverpool, June 30.—Owing to the shortage of beer certain saloonkeep- ers in the Liverpool district are re- fusing to serve strangers, declaring that they are reserving supplies for their regular customers. The Courts will be asked to decide whether this is permissible, under the terms of their licenses, which require them to provide reasonable refreshments on request.” JAPAN AVENGES 0LD GRIEVANCE BY WAR Germany Held Wrested Territory From Her Aiter Russian War (Correspondence of the Asso. Press). ' Tokio, June 25.—By her participa- tion in the war on the side of the Entente, Japan has avenged herseif upon Germany for wresting Japan's rightful trophy—the Liaotung Pen- insula—from her after the Japan- China war, in the opinion of Vis- count Takaaki Kato expressed in an article on the war and Japan's posi- tion in the world published in the Central Review. Germany as the ringleader and author of the famous triple interven- tion, he writes, compelled Japan 1o give up her rightful gain under pretext of preserving the peace of the Orient, and not only sowed the seed of the Russo-Japanese war A decade after, but unlawfully occu- pied a corner of Shantung province on a trifling pretext. Thus the Eu- ropean war afforded a golden op- portunity to Japan for avenging her long harbored enmity and wrath to- wards Germany. Besides, th removal of the Ger- man influences from the East, where Germany had menaced Japan’'s ac- tivity in China and the growth of Sino-Japanese friendship with her fast increasing influence, has proved benefit to Japan as well the Viscount declares. apprehension entertained by some thinkers, mostly cursed with Germanophobia, that should the war close in favor of Germany Japan would be placed in a grave situation has gradually disappeared. Viscount Kato does not agree with those thinkers who deem the Anglo- Japanese alliance valueless because British in China are constantly com- batting Japan’s interests there, and because Russia, against whose am- bitions the agreement was concluded, is now no longer a menace. He says: “The tendency of the British in China to combat Japan's interests in that country cannot be denied. How- ever, any action or utterance of those British people in China, who are in nowise representative figures of the British nation, must not be seriously taken as mirroring the sentiments of the British empire, and what we have to take into consideration is what opinion the British government and enlightened British people in Eng- land entertain towards the alliance.” As for Russia, the ex-minister says it should be remembered that the present equilibrium in the Far East is a result of the alliance with England, and if the alliance were cancelled some effective substitute would have to be found to insure the equilibrium To Jauan the alliance will alway= the ' ¢ further POLK IN CHARGE OF STATE DEPARTMENT AS LANSING RESTS . <= FRANKL.POLK < ‘While Secretary of State Lansing is taking a three weeks’ rest from the recent arduous labors of his office the duties of secretary of state will be performed by Frank L. Polk, coun- selor of the department. In the department of state the counselor is the second highest offi- clal, ranking above the assistant sec- retaries. Mr, Polk is a New York man and was formerly corporation counsel of the city of New York. prove a great benefit, the statesman thinks. For one thing, he declares, Japan will be able to dispense with any further extension of her naval strength which otherwise would have to be expanded to an extent beyond the financial capacity of the empire. Viewed from this standpoint only the maintenance of the allianee ic of vital importance and it is a great mistake to think that the grdwth of friendly relations with Russia has removed the necessity of its contin- uance. He adds: “Japan should strive to her position among the world’s nations by respecting and ad- hering to the spirit and principle of the Anglo-Japanese alliance and tho Russo-Japanese conventions.” Viscount Kato declares that Ger- many is destined to meet utter defeat eventually, but thinks the war will last some time. Value$490-Savinggles Oxford Sale TOMORROW “you can take your pick of all our $4.00 value Oxfords at a price lower than any factory could produce them for—$2.85. More than 200 smart styles to select from in the beautiful Cordo ‘Tan shades, '‘Gun Metals and Patent leathers. WHY do we do it? Because it is our policy to carry nothing over from one year to the next. This is a GREAT opportunity—but one that’s gone before you realize it; so come to- morrow and buy two pairs —the saving is SO great. 'alm Beach 0:1- fords gl-GO mauarfi 324 MAIN ST, 25c. Silk Laces, reduced ..19¢ 10c. Corm Cure, reduced cesecereess. TS 50c. Bath Slippers, raduced to 39c $1.00 Overgaiters, reduced to SOc 100. Summer Felt lnscles, red’cd to7 G Shoe Stores Co. NE\W BRITAIN STORE Near R. R. Grossing Open Monday and Saturday Evenings. 257 STORES IN 97 CITIES T PERSHING DENIED | SUGAR IN HIS TEA American General Learns What European Regulations Are Like (Correspondence of the Asso. Press). London, June 30.—Major General Pershing, commander of the Ameri- can expeditionary force - in France, seated for-tea on the beautiful Thames Terrace of the House of Commons with Colonel Astor as his host, had an experience in England’'s war rationing when he found that-he could not have sugar in his tea and on his strawber- ries as well. “You may have only one portion of sugar, two-sevenths of an ounce,” the waitress informed him with a quaiit air of preciseness, and the General promptly chose sugarless strawber- ries, remarking that the sun, as though anxious to compensate, had sweetened the strawberries so well that sugar was not essential. In the bounteous times of peace, the House of Commons waitresses used to trip about the Terrace during the fine June afternoons with big bowls of white powdered sugar and lavish jugs of cream. Now the sugar is strictly rationed, and the amount of cream that may be used is limited to one small measured portion for each person. Buy an Indiana truck.—advt. THINGS ARE MOVING AT MORNINGSIDE ON THE SOUND BEST LOCATIONS ARE GETTING SCARCE'! Eight New Cottages this Spring. Cement Pier for Boat Landing is nearly finished. Fine Casino Build- ing remodeled by the Morningside Association, now in use. Central garage. Two New Tennis Courts under construction. MORE INQUIRIES and SALES, WAR OR NO WAR, THAN UP TO THIS TIME LAST YEAR, which means that wise investors are putting their money where they know it is safe and not waiting for the rise in real estate which will follow the return of peace. Nearly $200,000 already invested at Morn- ingside, by careful purchasers. Two lots at Special Prices this week—fine loca- tion, easy terms. -Also a very pretty Cottage, fur- nished, all improvements, only $3,000. Two or Three Furnished Cottages for rent by month or season. Perfect sanitation, full beach privileges. Good lots with water view, as low as $350, on Terms. On New Haven-Bridgeport Trolley GEORGE W. WILSON, 40 Capitol Ave., Hartford G. FOX & CO. HARTFORD STORE CLOSED FRIDAY AT NOON FOR THE FIRST SUMMER HALF HOLIDAY ENTRANCES ON PRATT, TRUMBULL AND CHURCH STREETS . $4.00 SAMPLE PUMPS AND OXFORDS Clearance Price $2.59 — r————— A SALE OF LIVELY INTEREST Logically these Pumps and Oxfords should cost you more right now—at the zenith of a season that will long be remembered for its shortage in leathers, instead of less. styles and Strap Sandals, in patent, white, Nu-Buck and Gun Metal $4.00 grade for $2.59. SAMPLE PUMPS Worth Up to $8.00 to Close $3.95 The balance remaining over from our Mid-Summer 4 B, in gray, navy, blue and champagne; mostly all hand-made in the newest patterns. WOMEN’S SIL DRESSES NOW $11.95 WERE UP TO $29.75. About 40 Dresses from regular stocks, and another opportunity An excellent variety of modes in one and two-piece styles; many but one or two of a kind. There are Taffetas, Pongees, Pussy Willow and Tub Silks. not to be overlooked. colors are and wine. none exchanged, none C, O. D. $6.38 SUMMER DRESSES CLEARANGE SALE PRICE light gray, Copenhagen, navy, green, tan, rose, lavender A good assortment of sizes up to 42. They include Colonials, Goodyear welted Oxfords, soles, size Sport 4-8, MONOGRAMMED LETTER PAPER HUNDREDS OF DESIGNS AT REASONABLE PRICES Select your style of mono- gram from the specimens sampled here and have it stamped on our artistic writing papers or correspondence cards, Or, if you prefer, bring your own designs and the price will be surprisingly moderate. PRISCILLA LEAD PENCILS Made Up for Us Exclusively Sale size They're a pencil that will be- come popular with bookkeepers and stenographers; they come in three grades with waxed lead similar to that used at once in 10c pencils. The grades are known as H, medium soft; H B, hard. or soft; and F, 5c Regular price ea, 50c dozen. Special introductory price 3¢ ea, The 33c doz, $3.90 gross. Commercial Stationery De- None on approval, partment, $5.00 A wonderfully attractive assortment of Dresses in 20 or more stvles; in voile, plaid and stripe gine- ham white embroidered crepe and tissue: Sizes are 16 to 46. natty Billie Burks styles. Houcedress Dept. some coat and some Russian Special for this sale $5.00. blouse and still others in the