New Britain Herald Newspaper, September 10, 1917, Page 13

\ . NEW BRITAIN DAILY HERALD, MONDAY, SEPTEMBER 10, 1917, | WORLD ]NFLATll]N——TfiERE’S THE TRIO OF SOUTHPAWS THAT | MAKES PRIGES JUMP New York Banking House Dis- cusses Financial Situation New York, Sept. 7.—World infla- Ition,, as one of the causes of world ‘advance in prices, is discussed in th current issue of The Americas, issued *by The National City Bank of New York. The author of the article, Mr. O. P. Austin, the bank’s statistician, after referring to the generally ac- 'cepted theory that inflation causes an advence in prices, calls attention to the fact that world money and world “promises to pay” money have enor- | mously increased during the period in which pricts have been so rapidly ad- \vancing. World currency, he says, has increased 80 per cent. since 1913 'world national obligations 142 per cent. and world population but 2% | per cent, while prices of commodities | show advances ranging from 60 per | cent, to 100 per cent. in the same period. i | | HAVE CLINCHED PENNANT FOR GIANTS| The world’'s money, as classified by accepted authoritles, is gold, silver | and uncovered paper and world na- | tional obligations, while not currency | in the accepted stnse of the torm, do | pass current among financlers and are | always available for obtaining cur- | rency when passed across the counte: of a bank. In the thirteen years pre- | ceding the war, 1900-1913, the cur- | rency of the 40 principal countries of | the world—gold, silver and uncov- | ered. paper combined—grew from | $2%,800,000,000 to $13,680,000,000, an ! increase of 25 per cent.: natfonal | debts from ' $31,200,000,000 to $43,- 840,000,000, an increase of 40 per! cent., while population was increasing but 10 per cent. in that 13-vear pe. | riod. The average prices as indicated by index numbers of leading author- ities show advances in'.the thirteen Vears preceding the war ranging from ,15 per cent. to 25 per cent. With the ‘beginning of the war period, however, both world currency and national in- debtedness increased with great rapidity and with this came also a rapid advance in prices. World cur- rency jumped from $13,680,000,000 in | 1913 to $24,660,000,000 in 1917, and national debts from $43,840,000,000 to $106,000,000,000. The increase in e short 1913-17 period in world currency was 80 per cent., of world indebtedness 142 per cent. and world population but 23 per cent., while the advance in prices in the 1913-17 period ranged from 60 per cent. fo 100 per cent. The increase in world currency dur- ing thé war period occurs chiefly in | Yuncovered paver.” The gold money | of the 40 principal countries, for! which statistics are available; grew from $8,021,000,000 in 1913 to $8,-1 560,000,000 in 1917: silver money de: creased from $2,860,000,000 in 1913 to $2,600,000,000 in 191 Uncovered paper jumped from $2.799.000,000 in | 1913 to $13,500,000,000 in 1917. This | lgrge increase in ‘‘uncovered. paper’ since 1913 occurred chiefly in the countries at war. The uncovered pa- per of the United Kingdom in 1912 was but $115,000,000 and in 1917 $660,000,000; Germany in 1913 § | 000,000 and in 1917 $1,613,000,000; ; France in 1913 $326,000,000 and iy} 1917 $2,000,000,000; Ttaly in 1912 | $182,000,000 and in 1917 $681,000.000; Russia has no ready figures for 1913, but for January i, 1915 the total $804,000,000 and in July, 1917, $4.. 285,000,000. Most of the $62,000,- 000,000 increase in national debts, | from $43,840,000,000 in 1913 to $106,- | 000,000,000 in 1917, has also occurred | in the countries at war. | The statemen: showing the increase | in world currency and nationa! debts 18 accompanied by index numbers rep- | resenting prices of principal commod- | ities as compided by threec leading au- | thorities, London Statist, Bradstreets | and the Bureau of Labor for the| vears 1900, 1913 and 1917. The Stat- | ist index number shows an advance | from 75 in 1900 to 85 in 1913 and 170 in 1917: Bradstreets from 79 in | 1900 to 92 in 1913 and 161 in 1917 | and the Bureau of Labor an advance | from 65 in 1900 to 81 in 1913 ani| 130 in 1917. -~ ; | SHIP WARM CLOTHING. | | 1 Refugees From Life Boats Being Cared For. . Washington D. C., Sept. 7.—For the relief of refugees picked up from the life boats of submarine victims, the Navy League has made a shipment of warm second-hand clothing to patrol wvessels in the war zone. The ship- ment was made through individual channels in accordance with the in- structions of Secretary of the Navy Duniels regarding the League’s re- | liet work for men of the navy. It is probable that this relief work of the League will be extended but unti] specifically requested no person should send any second hand gar- | ments for this purpose to the League | B8 no use could be made of them now. When more clothing is needed the League will give due notice. Warm dry clothing is the greatest need of the refugees picked up in ! the submarine zone. Persons are | taken aboard the patrol vessels who | Bave been adrift in open boats in bad | Weather for two days or more. Often- | times they are drenched to the skin, insufficlently c¢lad and suffering from hunger. Many a sailor of the patrol forces has robbed himself in order to glve clothing to these poor victims of frightfulness. It is said that a destroyer could carry enough outfits for twenty per- sons, the number apt to be picked up | from two life boats. A supply could be maintained at a shore base if needed, and every patrol boat provided with a supply of outfits before leav- igg for sea. "Warm overcoats and waterproof garments are the most necessary ar- ticles. Heavy men’s suits and a few | outfits for women, probably not more | that two or three to every twenty | supplied could be used. / New York, Sept. 10.—McGraw’s left handed pitchers have done the trick. Reading from left to right are Sallee, > * | the world’s series. At tI iting it Benton and SChupp. The right hand- |ooks very much as if c::?-er:e ng» ed pitchers of the Gfants have not |land’s White Sox will land the gonfa- come up to the mark this year. In- cidentally fans already are figuring on the chances of the Giants winning lon in the American Yeague. All dur- ing the season the White Sox have been the terror of left handed pitch- ers, and American league followers say that this trio of the McGraw clan will “get theirs’ when the teams meet. CHICK GANDIL ROUNDED OUT A WINNING TEAM FOR WHITE SOX Chicago, Sept. 10.—If the White the Cleveland Americans it made his Sox win the American league pennant |team complete. Gandil is one of the and it looks very much as if they | EFéatest first sackers in the game. ; Several yvears -ago when he was will, there is one man who has plaved | hought from the Washingtons the a big part, and that is Chick Gandil. purchase price was $12,000. This At the beginning o the season Row- land wanted a first sacker, and he |of his career. He has been fielding wanted one bad. When he rmnally |in great form and has been a reliable managed to land Chick Gandil from |.<ti(‘ker. STATE OF CONNECTICUT All residents of Connecticut owning taxable securities are liable to tax at local rates unless the State Tax of four mills on the dollar has been paid to the State Treasurer, ON OR BEFORE SEPTEMBER 30th The estates of those who neglest to pay this tax must pay A HEAVY PENALTY Balances in Banks (Not in Savings Banks) are liable to this tax. Instructions and blank lists sent on application to State Treas- urer at Hartford. FREDERICK S. CHAMBERLAIN, Treasurer, | fa¢ture in Canada became inevitable vear he has been playing the best ball | Shells Enough. (Toronto Mail an Empire.) The slowing down of shell manu- as the British munitions organiza- tion attained its full production Mr. Lloyd George has said on more than one occasion that sufficient munitions to see the war through have been provided, entirely independent of sub- martnes. He means that British fac- tories ‘are now able to supply the need. In certain sizes of shell, orders to Canadian manufacturers will be continued, though on a reduced scale. There will be no sudden cessation of shell manufacture. The business will slowly whittle down, allowing a transfer of energies to other lines of wosk without causing material dis- turbance. NN N 1225 Lt % izl L{f?.; B3 \-‘QQ‘ Camouflage. (Independent). The fact that a tiger understands protective coloration in no. way im- pairs its appetite. iy Lzt P& PPTL 2, Other Days, Other Ways. “Who touches a hair of yon gray head Dies like a dog. ‘March on!” he said. tonewall Jackson, we must confess, Didn’t go in for frightfulness. —ZLouisville Courier-Journal. Send Over Some WRIGLEYS Keep vour soidier or sailor boy supplied. Give him the lasting refreshment, the protece tion against thirst, the help to appetite and di- . gestion afforded by Wrigley’s. It’s an outstanding fea- _ture of the war—“all the British Army is chewing it.” AFTER EVERY MEAL’ q I'Illfll"l"lfl'V’ll}'".”'fl'"'fl;)},)’ - -4 /A b 3 /= TRY IT-YOU CAN SOLV FREE PRIZES In order that the readers of this paper will be better mcquainted with our firm and the wonderful line of piancs we handle, we will give awvay ABSOLUTELY FREE to the persons sending in answers to this WARRIOR BOLD ’PUZZLE the list of PRIZES below. Read directicns -be- ow. Diamond Ring 14k Setting Ladies’ Gold Watch 20 Year Case Chest of Rogers’ Silver 32 Pieces Gentlemen’s Gold Watch : 20 Year Case " Joint Split Bamboo Fishing Rod Tennis Racquet - Safety Razor Genuine Imported Stcnz Scarf Pin Baseball Glove Silver Tea Set Girls’ Roller Skates Banjo Boys’ Roller Skates If YOU.CAN SOLVE THIS P: ZZLE REAL DIAMONE 14 Carat Riny Bicycle Sewing Machine Brass Bed Ladies’ or Gents’ - Dircctions:—Trace the faces in the nptcumer ’ on this or a separate sheet of paper or any other material and number *hem 1, 2, 3, etc. You must find at least seven of them. To the 15 neatest correct artistic answers will be given absolutely free the 15 prizes in the order named. Remem- ~er, that neatness as well as correctness is taken into con- deration by the judges in making the awards. Only one , swer from a household will be allowed. Limited to those ¥ -iding in New England. Winners will be notified by mail. ¢ 1 answers must be in our hands not later than Sept 14th. Aail or bring answers to our salesrooms. LORD’S PIANO 'WAREROOMS 301 BRIDGE STREET SPRINGFIELD, MASS. \ |