New Britain Herald Newspaper, May 24, 1921, Page 11

NEW BRITAIN DAILY HERALD, TUESDAY, UNEMPLOYMENT PARADE IN LONDON ., By FRANCIS M. SISSON, Vice-President Gu to have been M anty Company of New York. ANY business men seem | awares by the wsudden | change In business col ditions in the last twelve mont Their failure to foresee this change | #0d 1o prepare for it was probably Trust taken un- MAY 24, 1927 A TYPICAL PROSPEROUS WESTERN FARM- WHEN AGRICULTURE COUNTRY 1S PROSPEROUS PROSPE! S IS THE PUBLIC MUST LEARN THAT STRIKE" CANNOT ARBITRARILY | #pirit as well as to the letter of | their contracts. But the unscrupu- lous, unprincipled minority who are ‘ pot doing so are jeopardizing the | interests of the majority. | The importance of the retafler | has never been meore accentuated than now. The public has come to | look upon the retailer's readjust- ments as the last in the cycle that | THE "BuUYLno ~ REDUCE PRICES | without due consideration for all the factors that enter into the proc- | e8s. Perbaps the chief of these is | laber cost, which affects al} others. | When prices soared to prohibitive heights raw materials ~were the first to feel the reaction. Rut so long a# labor costs remain high the manufacturers cannot pass along a large part of the reduction in the | cost of materials because his big- but when it is not prosperous couptry cannot be prosperous And there is another prob) | which vitally concerns all of namely, unemployment. Like | repudiation of contracts, this |1s_a world-wide condition and u | likewise be remedied ag’ Soon | possible. While we have been | aore fortunate than any “other tion, it is a serions mutter te | three million people out of even In this rich country. | Consequently the task of quately financing our overseas o merce, which is the crux of problem, 1s a matter of vital iu est to every business man, fa! and -laborer in the country. I essentlal for all these element our body politic to do all {n power to make successful sl movements as that represented the Foreign Trade Financing d poration, which is being organli with a capital stock of one h { dred billien dollars, on which, der the Kdge Act; it can extend billion dollars in long-term’ cred to foreign buyers of Amerid products ‘and issue its own tures against the collateral these loans for sale to the Am can publie. QOur productive pacity "leallil)’ been increasing since | beginning of the World War. now exceeds the capacity of dom | mestic consumption. And it f | lows, therefore, that merely. dom | tie readjustnient c¢annot solve 4 problem of satisfactorily disposi of our surplus goods. Furtl miore, all natipns are so economi: ly interdependent that employmd j1. any one country depends to | large extent upon world-wide | operation and faeilities for the | change of goods. - Because of world conditions a their influence upon us busineas covery here will.naturally be g ual, but all the better for thaf,. {s a matter of national congrat] latlon, howeyer, that there 'a abundant Indications that the.tl | 1n our busines affairs has unmistal | ably turned. Confidence ix bely | restored, and, very important d | spite the precipitate fall in t ! price of farm products, the late I reports from agricultural distrie] | disclose the faet that the plight our farmers, genersily, ix not bad as we have been led to belie: at first, Crops are being market | | must be compieted before economic | conditions are on a comparatively | sound basis preparatory to a gen- | eral revival of husiness. That pop- fdue In a large degree te the fact that they were not keeping well enough informed about the eco- . mamic situdtion in general. gest item of cost is labor. i The solution to the problem Is lower production costs. We are In | gradually, and that means th | newly created wealth is belnz mad A VIEW IN ONE OF NEW YORK'S RETAIL SHOPPING |avallable to the nation. More j Our business men whe properly the economie forces shap- <ing Pustness eonditions during the the subsequent bhoom commodity prices were sowring too far beyond | Some instances such goods may the per capita purchasing power of the magsey to remaln long.at such !pri studied WEF and | period reafized that levels, And today they are carefully ob-!sity trends Merchants and manufacturers are aware thut (hli! 18 0 time to buy In smaller quanti. serving economic *ount the future. ties and more frequently | overstocking during production warrant, have been purchased s than present | costs. They apprebend the for reducing ut to dis- S0 busimess methods. than usu- | ers ul. therety avelding the evil of [of extending credit beyond | this transition ( iperiod; ‘They see clearly that it is a wise policy not ta hold goods for higher prices than existing costs of | sithough higher replacement overtead penses as far as is compatible with They ap- | preciate the nlfiniate pdvantage of sharing reduced éosts with consum. They are alert to the dauger in | temers with 100 easy credit Such business men neces- o post-war defiation period. morals should eoncern us commodity values CENTERS- THE READJUSTMENT OF RETAIL PRICES 15 ONE OF THE MOST IMPORTANT FACTORS IN THE RETURN TO NORMAL BUSINESS CONPITIONS, limite and of tempting thelr cug-|resuit guize the sanctity of a contrset and deplore the world-wide repudiation of obli- zations that has- developed iu the In fact, the sudden depreciation ip business more than the precipitate depreciation in Many financial safe | bunkruptcies are preceded by and from moral bankruptcies. And it is just as essential for busi- ness men to have a moral rating as a financial rating. The ‘idespread and Increasing number of cancellations of orders, repudiations of contracts and pro- | testing of irrevocable credits con- stitute one of the most serious | business problems of the day. The | majority of American business | men, however, are living up to the ular conception was strikingly illns- trated by the recent so-called buy- ers’ strike. 1 believe that the majority of our | retailers understand this public ! psychology and fully appreciate their responsibility. I am confi- dent that most of our retallers ap- | thelr | commensurate | prerend that the soomer prices are made with the existing purchasing pow- er of thelr customery, the better it will be for themselves. On the other hand. niust comprehend that reduction of the pubifc a period of smaller margin of prof- its than that which we have expe- rienced for the last few years. Greater efficiency is urgently de- manded. The solution of this problem must be found before we can ac- complish the most important of all pecessary readjustments —- namely, a stable hasis of exchange between {farm and industrial preducts, { which, In the final analysts, is an exchange between farm and indus- trial labor. Agriculture is still our | largest lndustry. When 1t is pros- { prices canmot be made arbitrarily |perous the country 1y prosperous, ER ORNOBEER | UP 0 CONGRESS al_ue of Hops as Medicine Must- Be Passed Upon in Waghington | MWashington, May 24 —~Secretary of | ury Mellon has made: up his simih shat € Conwress does not want | v\ | per, presoribed as medicine it will we To Bay: so " apecifically in an mendment t@ the enforcament act or hy other fagislation. And Congrems e baliiely te do thies whesty L Bas nfl; no | SpViW . wpe wod sisle: the i — ings-made- the day before he et aMice Hold th§l bee ‘e pre fthon pgth mighteolps pre- goitegd’ guuntdtiee by y pllilll ians %, Gen, | g0 Ao pex owling. and . Meilon > has Sthe Y A4 SOk Tor, Ay daaAp R, oL FTUM. (8 SO0l 06 Lhe pew wom I e D CREMMY S SRR £ thesprahibition enforeement offfce ST furidts Toreed this acHon Colskkrens. if It had been mithantl pyeiiu FAdeu Pt Could have passed o NRNSE whpropriution suficient to v VAP he fleld - enfecement i ovir AW Juty The alovtat" simaftanecuss dismissal tho 141d entoreement torce and the wuance of permits combine to rm the serious set-buck pro- ibitlon hat yet had! ¢ | sples pt real es- Largely iner tog ameuritios properties of many- by treasiury experts revenue hill reduces .sur- 3 taXes received taxes on the larger Incomes to a max- imum of 30 to 40 . “At present,” the asury Mellon gays, “there is no in- | ducement for the owners to dispose of | properties or gecurities in which they have a profit, if 50 or 60 per cent..of the profits must be paid the govern- ment in surtaxes “If the surtaxes were reduced to pérhaps 30 per. cent. or o, there | wolld be an increase in transactions | and the government would benefit by | from the ~profits of | o theso sales.” g8 | One of the most miémentous deci- | siops faging President Harding in- | volves whether or not he shall con- tinue playing golf, his pet recreation. Letters have been filtering info the Republican Natjonal cominitfed head- quarters from 411 ¥ectians’ ol Ahe Squn- try protestips agaipst the presidential devotion to_ the mashie . and the nib- i lick. . | The complaipts .range from ecriti- cism of time taken from executjve | duties to suggestions that the influ- ence of links' associates niay not be alfogether democratic e e of _Agricultype Wallace sees at legst ona silver lining to the hard tinjek throjigh which the agri- cultural spctions of the ‘country areé ppssing ““Che [resent agrtultural slon,” says Wallace, “has, in my opijn- fon, aboyt wiped out the list vestige of sectionalism between the north and south. It has driveh the farmers | of both north and south together in a | struggle for thely mutual interests, { and they knew and understa better than ever { i Secretary depres- the other now { tion big copper mines | ix no ore awaiting | of livelihpol remains, stores have | < ‘ ~ The jssne of Yap is only not dead It will come agailn as soon as the matters in Burope demanding our | diplomatic attention are settled Aw 500n as the situation in Europe | makes it possible, the State Depart- | ment hopes to begin out, far | problems autescent to the front | maore pressing | ironing eastern | ’v‘(u-k« is th 1t is for party’ W Coffee of Taste” $3,000,000 CITY NOW EMPTY SHELL Tyrone, Queen of N. M. Mining Camps, Deserted Village Tyrone. N. M., May 24—Tyrone, queen of the mining camps of the st i ! road station in the state, | They are all different. built at a cost of §3,000,000 and given j an artistic atmosphere through the in- fluence of Mrs an empty =heil A few short months 500 men. women and children worked, lived and enjoyed 1if# in what probably is most beautify! mining camp in ‘he world. Now thé Phelps-Dodge corpor: are closed, no me Cleveland H. Dodge, iv shipment, —— e Waistdine effects fashion Tt home To thet poifms "of empérors kings and 4nto her Wi door Vard has Milady gone for things, with which to and sccent her waitline. cther frock of which hugs that ye ornament For W the he the tine of the gths of long =traight figure, oOr sort which flirts awauy in Ie frivolpus chiffon, at the waist, there Is a distinguishing note A found on =@ whicl is to be of the imported »r girdle. Naturally thing of charm numbey flow To make it. simply take a8 founda- the there | the rail- trains no closed. inhabitants are leavins, road has served notice that longer will run. Withim men, left to guard the mines and their Even hort time oniy a dozen expensive machinery will remain. the Phelps-Dodge corporation store has closed and the entire has been shipped to Douglas. Tyrone boasts the most beautiful rail- built by the mining corporation. Homes of miners are bungalows, not the usual shanty type of western mining camps. Com- pany houses were not built of one type. The camp was the pet of Mrs. Dodge and largely through her influence a Southern Cali- fornia type of building was carried out. Closing of the town. however, sidered only u temporary measure, cording to company officials. Wwho point out -that the shutdown will continue as long as the copper market remains in its present state in stagnation. stock is con- ac- lighting and state are among the town’ 13 OR. ’l"HE WAISTLINE is lost. the regularity art charmeuse gown, line, for With in your | one which clings to the line pf.your | with vellow the | nething could crushed girdle and falling limly graceful fig nicer than thi with its jewel fastener strands The girdle of yellow panme velvet crystals. would be lovely for your yellow gown, or if you pre- fear contrast let the girdle and crystal be wieiet., For the ornament string the crystals on fine wire. The huge tulle or maline bow is an intriguing affair and would be effective on your white frock in varying shades of green. Use the lightest tint at the 10p of the bow and the heayjest below. Do Tot sew the piecés of maline to- e, he 7 Quick Results-—-Herald Classified Advts zeners | You can’t see inside the shell dustrial plants are reopenin, | Transporistion facilities have I | constderably improved since thi railroads were reregmed to privat 1control through grester eficie in thelr use. Bank rescrves M ! been materialiy strengthened, I banking conditions, im ‘with fundamental business tions, are seund and nave heen Com siderably bettered recentiy thiroug the steadler and more aceslars | to market and rapid liquidatien of papes held b the bapks. But when you buy Parksdale Farm Eggs you can be siire of getting plump, meaty, big-yolked fellows. In- sist on them. You'll find Parksdale Farm Eggs are fancy in every way but their price. And you get a coupon ‘with each dozen. Read how saving these coupons will help you get a beautiful setof Parisian China Dishgs. Wedgwood Creamery Butter has a delicate, delicious flaver that you never tire of. It is reasonably priced. and air are carefully pressed-out. packed with every pound, Parksdale Farm Eggs and Wedgwood Creamery Butter belong on your grocery list because they’re so good and, economical. Begin teday to enjoy them. It'is all butter because water A dish-coupon is