New Britain Herald Newspaper, August 23, 1921, Page 9

WOMANS JAPPAREL SPECIALTIES MIDBLETOGWN —— NEW BRITAIN WOMANS JAPPAREL SPECIALTIES MIDDLETIWN —— NEW BRITAIN TOMORROW MORNING 9 to 12:15 RESSES 98¢ PETTICOATS 98c Lace and anfimrg trimmed. Material is extra strong. Finished at belt with draw string. Lengths 34 to 38. BRASSIERES 2 for 98¢ Regularly 59¢ to $1.00 each. Broken size ranges but all sizes from 31 to 44 to choose from. Many pretty styles and real bargains at this price. 'LINNON JUMPER D Specially bought for this sale—Gotien from a manufacturer in need of ready cash—He s the loser—They usmally sell at $1.98. They are made of a very high grade linen finished fabrics—Have patch peckets and self sash. Neck, armholes and pockets finished with white novelty piping. Regularly $1.50. —See them in the window— Colors: Orchid, Rose, Cepen, Pink, Leather, Green. WHITE VOILE WAISTS 98c 10 DOZEN WAISTS TO GO TOMJRROW A. M. AT THIS PRICE. Made to sell at $1.50, $1.98, $2.98. Extra fine quality Voiles—Lace timmed—some frilled effects —some more tailored effects —but every one a real bargain. ] —See them in the window— Do not judge these Waists by the price —See them. Sleeveless Ribbed Vests 3 for 98¢ DSt Extra fine quality knit. Good long length. Regularly 39c each. e Envelope Chemise 98c Regularly selling up to $1.50. Fabrics are extra good quality. Trimmings are of lace and embroidery and are neatly finished. Cut very full—Sizes 36 to. 44. Elbow Length Chamoisette Gloves 98¢ Regularly $1.25. SILK SCARFS 98c Regularly $1.98 to $3.98. Fancy Roman stripe effects finished at end with knotted fringe. Just thie thing for these cooler nights. They are being shown in.champagne color and have a- pretty embroidered back.—Sizes 6 to 7Y Sizes 36 to 4 BOSCO SELLS TENEMENT. Frank Bosco sold today through the Camp Real Estate company, a three-| family house on Glen ‘streét to An-] thony Miezla and the iatter sold| to Mr. Bosco a one-family hous South Main Street.. Anthonv’ Mitz- iskis sold- through the Canfp “Regal Bstate Co. a' threé-family house -on Glen street to George Burinskas, 2nd the -latter with Joseph Kumetis sold a two-family house on Chapman street to Anthony Miezla : TO SE CITY COURT JUDGMENTS. ment was entered for the plaintiff to recover $158.85 and costs of $39.56. Unemployed Spainards Are Defend- | Judge B. F. Gaffney was counsel for ants in Action. the plaintiff. Faust Squillace was : 5 given a judgment by default for $700 and costs of $49.31 against Vincent Sanada. tege of Dobie's, who served as ass; ant coach last autumn, and - Clyde Mayer, acting captain of last year's team and right halfback for two vears. Until the fresmman squad gets to the point where it requires all of his time, Paul Eckley will also serve as varsity assistant coach. Mr. Berry said today that the foot- ball field had been completely resur- faced and would be in much better shape than before. Arrangements for increasing the seating capacity of the field by 3,000 have been made. The big fall reurion day for alumni has been advanced from mid-Novem- ber to October 20. In this week, too, Cornell's new president, Dr. Livings; ton Farrand, will be inaugurated. This will oceur on October 22, making the Colgate game one of the most import- ant on the home schedule. RACING ON SCHUYLKILL. tered here because of his inability to BALL GAME. g arrange a match with Jack Kelly, the 3 world title holder. Mlle. Suzanne Lenglen Will Attend Giant-Cardinal Game This Afternoon. New York, Aug Lenglen planned to see a ball & for the firs She pected to-attend the contest between the Giants and the Cardinals at the Polo Grounds. “Ever since I became interested in orts I have -been eager to great American game, she sa might surprise Americans to that we in France read much cerning the national sport of country. The fame. of your Ruth is well known to us. Weo heard a great deal of other players such as-Speaker and and Hornsby." S aoe Canad@ian” Oarsmen are Entered in Events on Labor Day. Philadelphia, Aug. 23.—Crews from Canada, New York, Bayonne, Buffalo and timore, are expected-to be en- tered in the middle states regatta on the Schuylkill river course here Labor Dar. . The Schuylkill now is the scene of intense " activity for local oarsmen. Scullers of the Vesper Boat club are 3 ; as the club will have than .ten entries in the 18 “events of the regatta. Véspé rar entries will comsist of a - double, four “centipede, eight “four-oared gig. “Walter Hoover the Duluth oarsmar, who won the natiorial championship 1t Buffalo,” is not expectéd to be en- TO REPORT SEPT. 12. 23.—Mlle. Suzanne Judgment for the plaintiff has been awarded in the city court, in the ac- tion brought by Fesnando Zaragosa, one of the Spainards who conducts a house in this city, for his Joze Pau, Joze and Vicente Peres. In the Pau case, Zaragosa sued to recover $100, and was awarded that amount with $11.09 costs. In the Peres case, B?b]ziche piaintiff recovered $55 and costs have | 0 $10.10. noted In the case of Foran and Son, of Cobb | New London against Dr. Robert E. Beardsley, formerly of this city, judg- Cornell Football Players Ordered to Report to Dobie on That Date. Ithaca, N. Y., Aug. 23.—Cornell's football plavers will report for first practice on September 12. Graduate Manager Berry announced yesterday. Letters to 125 prospective players have gone out from the office notify- ing them to be here on that date: Gilmour Dobie, head football coach, who starts his second year at Cornell this Fall, will have two assistants, Ray Hunt, a University of Washington pro- |today time. B SR —— K. OF C. TO ELECT OFFICERS. At a meeting of Daly Council, Knignts of Columbus, to be held on September 6th, officers will be elected for the following year. The term of Grand Knight Lawrence P. Mangan will expire at that time. He has com- pleted a most successtul term and has seen the new home purchased, the de- sire of all K. of C. men in the city. An important meeting of the.officers and members of the board of directors will be held tonight at the club home. boarding countrymen, against Pau, Jr., OPERA SINGERS MARKY. Chicago, Aug. 23.—Louis Paul Has selmans, conductor of French opera] at Ravinia park and Miss - Minnie Egener. former singer of the Chicagol Opera Co. were married at Crown Point yesterday know con- and Direct contact ghould be estab-| lished with the Amerfcan commeér-y cial attaches and trade commission-{ ers maintained by that bureau .In- foreizn countries. Arrangements;, should be made to obzain_regularlyj the foreign trade publications of the | National Foreign Trade Council, the American Manufacturers’ “Export| Assqciation and of- the large banks | which specialize In foreizn trade.| | Subscriptions should be made to the leading export trade journals. For- eign visitors to this country shoul be encouraged to yisit the localy manufacturing plants. Another ef-i- fective method of obtaining infor- | mation direct from foreign sourcesg is for the local Chamber of Com-| merce to arrange for the exchanges - of membership and services with American Chambers of Commerce | in foreign countri | The Interior banker has an impor | tant part to play in the develop-; ment of our import trade, as well as | that of our exports. Our depend- ence upon other countries for food- stuffs and raw materials grows con- stantly greater with the increase in} our population and the. productive capacity of our industries. i In order to provide a sustained market for our surplus manufac- tures we must have a regular and increasing supply of many com- modities which are not produced in' the United States, or which are pro- duced in such small volume &s to be - Foreion Trade and the Interior Bank AN OHIO VEGETABLE CANNERY— THE INDUSTRIES OF THE SMALL INTERIOR TOWNS SUPPLY A LARGE PART OF ©OUR FOREIGN TRADE. By FRANCIS H SiSSON, Vice President Guaranty Trust Com. pany of New York. S a result of the war, this country has been forced in- to many new industrial and financial activities that reach out Into every foreign coun- try, activities which ‘affect the wel- fare of the smaller communities GRAIN ELEVATORS IN IOWA— THE. INTERIOR BANKS ARE HELPING THE PYAMERICAN FARMER FEED THE WORLD, nearly as much as they do those of the larger citles. Manufactur- ers in small towns ‘throughout the United States have become inter- . ested in the possibilities of for- eign markets, and they naturally are looking to their local banks to advise them regarding their foreign trade problems both actual and po- tential. We believe that the time has come for the interior bank to realize that the biggest thing it has to sell is service, and that one of its greatest opportunities is to aid In the development of American foretgn trade. We have learned by recent ex- perience that the factorfes of Amer- bea are today so huge and their out- put at full capacity is so great that the domestic market cannot regu- larly absorb it. It is only by a constant flow of overseas trade that we can run full time all the time. To do_less than that means homes In American in which the breadwin- per is out of work. Increased orders -from foreign countries tend to change the sea- sonal demands to year round de- mands. The manufacturer who has a market for his goods in South America, for instance, possesses a great advantage, because the sea- sons there are exactly the reverse of our own. And so, because the markets of all the world are great- ‘er and steadier than the markets of any one country, the American man- ufacturer and merchant must culti- vate .the foreign field, and the in- terior bank, in co-operation with the International bank, must be pre- pared to offer facilities necessary for the prompt and efficient han- dling of foreign trade transactions. That the iInterior bank is vitally tniterested in the development of % Gk A SOUTH AMERICAN RUBB| foreign trade is evident from the fact that a large proportion of the manufactured goods exported from the United States 1s produced in towns with a population of fifty thousand or less. There are two thousand one hundred and forty- nine towns of this class. As to our import trade, it is only necessary to point out, for instance, that Akron, 0., with a population of one hun- dred and fifty thousand, buys about one-fourth of all the crude rubber in the world. In four hundred and sixteen cities of ten thousand to twenty-five thousand, In 1914, the total value of manufactured prod- ucts was $3,261,395,000. Cifies of fifty thousand and less make up a large proportion of our manufacturing area and present al- most unlimited * possibilities from the foreign trade standpoint. There are one hundred and thirty-three towns of this class in Indiana and the same number in Massachusetts. The most cursory examination of the manufacturing facilities of these hundreds of small towns re- veals their possibilities from a for- eign trade point of view. And the manufacturers in those towns are no longer groping in the dark in regard to foreign affairs. Practically all of them are mem- bers of powerful trade associations. They journey in large numbers from the small interior towns to New York or San Francisco to attend foreign trade conventions, and they are diligent readers of foreign trade publications. But in far too many cases when they go back home they do not find in their own town the facilities for obtaining the information for transacting their foreign business. Export shipments are made constantly from all these small towns. Imports of raw ma- terials needed in our industries are constantly flowing from the sea- board to the interior. All these transactions involve the services of banks. The interior bank may in- terpose itself as a useful link in the system of overseas trade. It is obvious that the interior bank cannot set up elaborate ma- chinery and an expensive personnel equipped to answer specific in- quiries regarding foreign trade. The international bank has, how- ever, built up a worldwide network of branches, affiliations and special correspondents, backed up by staffs of experts in the metropolis, which is freely offered to the interior banker in order to assist him to de- velop the foreign trade of his com- munity. To illustrate concretely just what this means, let us examine the fa- cilities which are offered to the in- terior bank by the large interna- tional financial institutions. First of all, they have direct banking con- nections with Great Britain and Continental Europe, the Near East, Latin-America, South Africa and Australasia, with China, Japan, British India, the Dutch East In- —m dies and with the Straits Settle- b e ER PLANTATION SUPPLYING ONE OF THE IMPORTANT PRODUCTS WHICH OUR INTERIOR INDUSTRIES MUST BUY FROM A ROAD « BUSINESS ments. They are in direct and con- stant communication with thou- sands of correspondents in every trade center of any importance throughout the world. In their foreign trade services these international banks have cre- ated departments to give specific commercial information, by inter view or by mail, regarding the pro pect for the sale of American goods abroad. They have immediate ac- cess to reports regarding the credit and commercial standing of hun- dreds of thousands of foreign firms and corporations, all of them care- fully revised to cover changes made during the war. These departments Include their personnel experts on tariffs, marine insurance, freights, forward- ing, customs duties and shipping | documents, and men who have trav- eled extensively in foreign coun- tri Supplementing their personal knowledge of foreign countries and in of the manners and customs of the ™MEN IN WORLD MERCHANDIZ)NG peoples inhabiting them is a daily service of information by mail, wire and cable from private and official ourc and from their branches, ubsidiaries and agents throughout the world regarding changing condi- tions, new demands for American products and movements of foreign uyers. Over the desks of these ex- perts there passes each day a large quantity of written and printed ma- and items of interest to American exporters and importers are sent out promptly to especially selected mailing lists, There are a number of ways in which the interior banker can fos- ter interest in foreign trade in his communi The local public libra- ry, for instance, can be utilized most effectively In foreign trade promotion. It should be supplied with a good selection of hooks on foreign commerce, foreign countries and foreign travel, commercial ge- ography, international law, tropical A TYPICAL MIDDLE-WEST BOARD OF COMMERCE BUILDING - THROUGH COOPERATION WITH THESE INSTITUTIONS THE LOCAL BANKS ARE AIDING 7 & commodities, atlases, books on ship- ping, on marine insurance and for- eign exchange, international bank- ing and ports and harbors. The lo- cal schools can do similar work. Most important of all, however, | is the proper organization of the business men of the community. The Chamber of Commerce shduld form a center for the forelgn trade | activities of its members. It should maintain an up-to-date list of all| members doing an exporting or im- porting business, with full details of | the commodities handled and of the foreign countries in which the| members are interesfed. A foreign | trade reference library should be in- stalled in the local Chamber bof Commerce and should contain direc- tories of foreign markets and direc- | tories and list of American export- ers, exporting manufacturers, deal-| ers and commission houses. This library should receive regularly all the publications of the Bureau of Foreign and Domestic Commerce. and sub-tropical and other imported | thorized | charter. entirely inadequate for our .require- ments. The interior importer must have facilities for buying these com- modities in distant lands. He may desire help in locating sources of raw materials, advice regarding re-| liable foreign exporters and market conditions and on how he may es- tablish the necessary import credits| through his local and international bankers. | If our foreign trade is not to suf- fer through inadequate financing,d we must give thought to some form| of long term credits in order to sup-{ plement the operations of the lnter-‘ national banks and to make liguid; the frozen long-term credits in for- eign markets. To meet this situa- tion the Edge law was recently{ passed. This law gives us, for the first time in our history, financial organizations for the express pur- pose of assisting foreign trade through long term investments. The original Federal Reserve Act au- the establishment of branches by our national banks in foreign countries. The Edge law. goes one step further in providing for the information of these foreign Investment banks under Federal A m important provi- sion of the Edge law is that which permits corporations formed under its provisions to issue thelr own notes and debentures for sale to in- vestors. The interior banker, therefore,; plays a very definite part in edu-| cating his community in the rela-{ tion which our overseas commerce bears to domestic prosperity and i pointing out the desirability of such securities in order to make possible a continuous and increasing flow of| foreign orders. g