New Britain Herald Newspaper, January 14, 1922, Page 10

Financial News Hluh Low Close Am Can .. IR 4% 345 Am Cot Ol Y Ny ny Am Loco .. 106% 106 106% Am Bm & Re 6% 46 46N Am Bg Kf cm 59% bO% « 60%| Am Sm Tob ... 36% 84% 35 Am Tel & Tel, . 117% 117% Am Tob cean 184 184 134 Am Wool . LLEN 1% Ana. Cop .... 49 480 (LR Ate Tp & B I",. 074 0h% MYy At GIf & W 1., 80% 3014 3014 Bald Loco . LR 06 Balti & Ohlo .. 85% F13 Heth 8 = ... b8y 5814 Can Pav A21% 4 121% Cen Lth Co .... 31% 30% 31Y% Ches & Ohlo. 66 % L Ch Ml &8 P... 18 Ch Rk 1 & P... 82% Chil Cop ...... 164 Chino Cop 270 Con Gas ....... 92 Corn Prd Ref ..100% 9 Cru Steel 62% 6108 61% Cub Cn Sug . 8% 8y 814 Endl John L TN 70 79 FPrie .... 8% 8% 87% Erle 1st p{rl 13 12% 13 Gen Elec . 140 140 % Gen Mot 9 0 Gt Nth pfd 2% 78 Insp Cop . 40 40 Int Mer Mar .. 14% 14 14 Int Mer Mar pf. 68% 67% 67T% Allls Chal . . 89% 393 3914 Pacific Oil . 4654 464 463 Nat Lead .02 6% 0114 Int Nickel 12 12 12 Int Paper ...... 48% 47% 48 Kelly Spring Tire 37% 37 3714 Kennecott Cop.. 265 263 2614 Lehigh Valley 597% 60 Y% 59% Mex Petroleum 111% 110% 111% Midvale Stee' .. 30% 30 301, N Y Central T4 T4% 4% NYNH&H 13% 188 13% Norfolk & West 981 98 98 North Pacific .. 76% 6% 6% Pure Ofl ...... . 364 35% 358 Pan Am P & T 51% 51% 51% Penn R R ..... 34 33% 34 Pierce Arrow 16% 14% 14% . Pittsburgh Coal. 61% 613% 61% Ray Con Cop . 14% 14% 14% Reading . . 4% T4% T4% Rep I & 8 53% 53% 5314 “Royal D, N Y.. 62% 62 52 Sinclair Oil Ref 21% 208 208, South Pacific .. 81% 80% 81 South Rail .... 18% 18% 187% Studebaker Co.. 84% 837% 84% Texas Co ...... 4565 45 45% Texas & Pacific 267% 25% 26% <Tobacco Prod . 64 63% 64 Trans Ol ...... 10%- 10% 10% Union Pacific ..128%. 128 128% United Fruit ...124% 124% 124% United Retail St 53 52% 62% U 8 Food Prod 7% % 7% + U 8 Indus Alco 407% 40% 40% U 8 Rubber Co 54% 54% 54% U S Steel ...... 84% 844 8414 : Utah Copper .. 63% 3% 631 Willys Overland . 5% 63 5% Gulf States Steel 51% 49 51% (Putnam & Co.) Bid Asked Hfd Elec Light ... 158 160 Southern N E Tel .....123 127 Am Brass .... 293 295 Am Hardware ..155 159 Billings & Spencer com 21 23 Bristol Brass .... ees 18 18 21 51 503% 8 Lolt's Arms ...... Fagle Lock landers, F & C . N B Machine . Niles-Be-Pond com . North and Judd .... Peck, Stow and W\lccx 29 Russell Mtg Co Scovill Mfg Co . Standard Screw Traut and Hine ... Union Mfg Co . Stanley Works DEMOCRATS NAME SMITH CHAIRMAN 40 2 Activities Begun With Formation of New Club—Endorse Manning For Deputy Sheriff. One of the most largely attended and enthusiastic democratic meetings of recent years was held at the old K. of C. hall at 432 Main street last night, under the auspices of the demo- cratic members of the common coun- cil. New Rritain democracy made its first effort for concerted action in the coming mayoralty campaign. The purpose of the meeting was to formulate plans for organizing a pop- ular democratic club to embrace the entire city. Alderman A. M. Paonessa called the meeting to order and ex- plained the nature of the proposed club to be as an auxillary of the dem- ocratic town committee. Reglstrar of Voters Thomas J. Smith was elected temporary chairman, J. V. Sposato, temporary vice-chairman, and James A. Coyle, clerk. Remarks were made by P. 8. McMahon, Samuel Hinch- Iiffe, Martin Kelly, Councilman James Dunn, John Quinn, Edward McCarthy, John L. Ross, James V. Sposato and D. A. L. Avitable. The rolloMng temporary commit- tees of three were appointed for the | several wards to co-operate with tl\o’ temporary officers: First ward, S. Hinchliffe, George Ryan, John Hanra- han; second ward, J. Griffin, A. Squil- laciote and G. Casale; third ward, Ed- ward McCarthy, Willlam Hopkins and Charles P. Wainwright; fourth ward, James Sposato, Dennis Fusaro and P. 8. McMahon; fifth ward, D. Dube, N. J. Sidoti and S. Fazzina; sixth, John | Blair, Frank Zach and Jack Fusari. The candidacy of J. W. Manning for sheriff to succeed M. W. Fox was endorsed by the meeting. It was voted to hold another meet- ing at the same place next Wednes- day night. City Items Victrolas and Records at Morans' —advt. A month’'s mind mass will be held at St. Mary's church Monday morn- ing at 7:30 for the late Mrs. Mary A. Gavin. Meet me at Schmarr's for dinner. —advt. Awards as follows, were made at the weekly public whist last night: First ladies’, Mrs. Davis; second la- dles’, Mrs. Carey; third ladies’ Mrs. Chapman; first men’s, Mr. Hoffman, second men's, Mr. Pieffer; third men's| Mr. Share. | veloped in connection | be | nations together YA very interesting fact has de with the limitation thought ference for the of At mukes one arma ments fivst this fact on further analysls it has some very optimistie features. In other words| the one thing which s causing the conference the greatest trouble, may the one I refer to the gas bomb, “It i8 a simple ogreement relative battleships and te such an agreement of years to bulld watter to make an to the building of hold a nations to It takes a couple w good hattleship and it is impossible to hide battle- ships. The nations of the world know when any nation lays down a new keel for w new battleship. Battle- ships cannot be kept in safety deposit vaults or hid in government build- ings. The limitation of submarines and certaln other forms of armaments 1s also practically possible. Dig ber- thas are not as cumbersome as bat- tle ships; gun factories arc more eas- fly hid than ship yards; but in the long run the making of these cannot be kept a secret. “It, however, is absolutely impossi- ble to keep in touch with the manu- facture of gas bombs. The German government could keep in the base- ment of one of its palaces, enough compressed gas to destroy all the peo- ple in Paris and a good proportion of the French army. Therefore, though all nations might agree on the limita- tion of gas from war-fare, yet there would be no way to enforce such an agreement, Moreover, as the com- mercial interests of the world demand the building and use of airplanes in times of peace, the means will always be avalilable for the dropping of gas bombs. Hence, although the confer- ence may be successful in limiting the building of battleships, submar- ines and even other things, yet it is helpless in limiting the manufacture of gas bombs, the most dangerous and deadly of all implements of war. “As a result of this the delegates are passing through a most jaterest- ing spiritual renalasn\lce, They game to Washington armed with statistics and accompanied by the greatest legal talent of their countries. They are gradually coming to believe that fig- ures and agreements are of little value and that they need specialists on “feelings”’ rather than on “figures." In short those who came to scoff have remained to pray. There is a strong belief among the delegates.of today that the only solution of our international problems is the golden con- | very discouraged but| thing that 18 to bring the, B BABSON SEES GAS BOMB AS GREAT FINANCIAL FACTOR IN OLD WORLD | rule and the principles that Jesus lald vln\\n two thousand years ago. “What has this to do with a finan. clal article? you ask, It has a great deal to do with finance. ‘The great load on the financlal world today is Europe. The greatest difficulty =ith Eurgpe 18 the hard feclings and jeal. | ousy among certain nations. There {8 plenty of money avallable to re- bulld Europe and again to make her factories hum and her fields blossom | forth. The difflculty Is that those who have the money, feel that the money would not be used for the restoration of Kurope, hut rather simply result in further fighting and destruction. Hence all of the Europ- ean governments are in dire finanelal stralts and some are on the verge of bankruptey. This condition of affairs has disrupted forelgn trade and is jeopardizing all foreign credits, It hangs a great black cloud over the business world. “But, the deadly gas bomb may be the means of bringing every nation to its senses. It is actually convert- ing financiers, diplomats, and hard- headed statesmen to those funda- mentals of honesty, justice, thrift, in- dustry and kindliness, which in the long run form the basis of prosperity. It is even possible that [urope may again experience a great spiritual renalssance as took place three hun- dred years ago. “Bankers are watching this change of attitude on the part of these for- eign delegates with great Interest. President Harding little realized when calling this conference that he was laying the seed for a great interna- tional, spiritual revival. The invent- or of the gas bomb and thoze other chemists which since the armistice lave invented gas infinitely more] dangerous than it was during the war have also made their contribution. For the first time for many years o ray of sunshine is breaking through; the international clouds. Let us| watch the situation moest carefully. 1 the clouds finally break and clear most rapid change will take place in! foreign and American security mar- kets, a change which should distinct-| ly affect the business index of the| Babson report which now stands be-| low normal. For the first time in] many years I am somewhat hopeful| for Europe and its recovery. “The Babson report shows gonpral husiness 189 below normal a drop of 109 from last week. Business is| experiencing a mid-winter reacnon; that will doubtless carry well into| February.. There is good business tm be had, however, for the man who| goes after it aggressively. REPORTS OF FIRST Treasurer and Clerk Show Pros- perous Past Year At the annual meeting of the First Church of Christ held Thursday eve-| ning, reports of the various commit- tees in addition to these already pub- lished were submitted. All showed a prosperous year and a gain in mem- bers as well as funds. The following report is that of the church treasurer, Philip B. Stanley: Receipts Balance on hand January 1, 1921 ..... Reserve from 1 Insurance ... Reserve from \'\20 Congre- gational World Movement From pledges — Regular Benevolence From pledges — Congrege- tional World Movement. . From individuals and spe- cial collections ....... From First church war lund for Armenian - Syrian re- Hef wivviiiiveiiiiaenn Int. from Sarah A. Strong fund for Sunday school library Int. from Sdrah ‘A for charity and school Int. from Aston fund From Sunday school for American Board commit- tee for Foreign Missions Refund from Congregation- al World movement ex- pense ¢ .$ 79.23 621.36 794.10 4,180.61 1,311.61 ......... 100.00 Strong Sunday 253.12 148.75 135.00 26.00 Refund from [First Fccle- slastical society for du- plex envelopes ......... .83 $8,776.29 Disbursements Church .charity voo 11,00 Sunday school expense 407.94 Sunday school library . 93.46 General expenses .o . 129.12 African M. E. Zion church of New Britain ........W..... 70.00 Federal Council churches of Christ ..... . 10.00 McAll Mission 25.00 Armenian Sy CHURCH SUBMITTED East Relief ............... 516.17 Federal Council for Relief of Russian Children ......... 31.53 Conn. Federation of Churches 50.00 New Britain United Com- | munity Corp 7.93 | Piedmont College Vacation Bible School .. . Conn. Sunday School Asso.... Deposit in Burritt &a\U\gs Bank (Miller insurance). 621.36 Congregational World Move- ment .......... veeesienen §84.15 American Board Commission- ers for Foreign Missions....1918.40 Congregational Home Mission- ary society ............... 603.00 Missionary Society of Conn. (Mrs, Seelye's salary)..... . 600.00 | American Missionary Asso ... 716.23 Cong. Church Building Society 720.00 | Cong. Educational Society .... 540.00 Sunday School Extension So- clety ..ol 270.00 Cong. Board of \‘Hnlsterial Re- Hef ...... e e 360.00 Balance on hand Jan. 1, 192288775.29 Added to this amount is the fund W BRITAIN DAILY HERALD, ¢ | of which S ATURDAY, which was $3,000, making a $11,775.20 Church Clerk's Report ‘The report of the church elerk, Wil Hungerford, shows a gain in lHam membership as follows The total membership | ehureh on January 1, 1921, of males. During the year by letter, 88, making the total num- ber received during the year 81, There have been removed, by letter 13, by death 14, making the total number removed during the year 27, showing a gain in membership for the ‘The total membership on of whom 6531 were males and 779 females, ‘The Wayside Covenant recelved two year of 54 January 1st, 1922 was 1310, members in 1921, The, total number of baptisms was 41, of whom 12 were adults and 29 “one Of : T' """l‘"“ :"'“'";' ] infants, John's Medicine is 14 members of the church were ;):':-l“or" l:;.“l h.“’“ married during the year, the Best toie” sy voy. seven On Children's Sunday, June 12th, A L Ul e 42 children received Bibles from the . ;r:‘::lyol‘n‘lu‘l‘\‘l”mlmixl; church, T one onics its use. Hc used to Money Ralsed, The campalgn for apportionment of made by all the societies, re- sulted In going over the top with a total sum of $9,493.37 being collected The following of the individual American Board of Commission for Missionar- les, $3,720; Congregational Home Mis- $9,000, for missionary work. is an outline vasses of each society: slonary soclety, $1,090; Congrega- | Mrs. H. W. Hawes, 44 Norton street, tlonal church Building society, $720;|Lynn, Mass. { Congregational Iducational soclety, Guaranteed free from alcohol $540; Congregational Sunday School | dangerous drugs and therefore safe Extension seciety, $270, and the Con- gregational Ministerial Rellef, Contributions to the extent of $763.40 were glven which brought the total over the quota needed. nection. L R R RS S R o R (T Capital $2,000,000.00. Bank by mail. secured by the Woman's society, ¥ between 7 and 9 o’clock we shall expect to see you here 1922 Xmas Club total of was 12566, 615 were males and T41 fe- there have been added, on confession of faith, 43 THE CHARACTER AND STANDING of the New Britain National Bank give it a favorable introduction to the firm or individ- ual desiring a new or additional banking con- We will be pleased to meet you and have you open an account with us. New.BriTAIN NATIONAL BANK THE ONLY NATIO The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. FOX’S—— STARTING “JUST AROUND BY FANNY HURST—AUTHOR OF “HUMORESQUE!" 009 JA JARY 14, 1¢ this | A Child Can Take”’ cold and 1 can- but now He was pale, | of Father John's Medicine." for all the family. $360, More people live In the state New York than in all Canada, NAL BANK IN THE CIT T be subject to throat trouble, but now his throat seldom both- ers him, It builds one up when one has a | belleve | that is why he is so well and healthy. has a good color, I eannot say too much Iu praise | Signed, or Surplus Funds $2,000,000.00 Safe Deposut Boxes, $5.00 and upwards. Settlement of Estates. Foreign Exchange to all parts of the world. 'LETTERS OF CREDIT — GENERAL BAN N It is safe and saves time. UNDAY E CORNER” to enroll as a member of our STANLEY R, EDDY, Mgr, We Offer PUTNAM & CO. Member New York Stock Exchange suecessor to Richter & ©o. 31 WEST MAIN STREET, NEW BRITAIN, CON TE 25 Hartford Electric H. L. JUDD 1 GoJUDD 1, SLOPER JUDD & CO. T. NEW BRITAIN, CON) 1UT Telephone 1413—1816 23 WEST MAIN STREE' Investments, Local Stocks WE OFF We Offer North & Judd PRICEE ON APPLICATION HAKRTEORD. ’ 10 ¢ atral Row houe Charter £000 Meruber Hartford Siock - Eachange. NEW BRITAIN New Britain National Bank Bldg. Telephone 2580 DONALD R. HART, Munager Member N. Y. Stock Exchange i e e . WE OFFER:— STANDARD SCREW AMERICAN HARDWARE Price on Application We Do Not Accept Margin Accounts. Tonight We will be open from 7 to 9 0’clock and ready to start that Xmas Club Membership For Y ou - Hundreds have already join- ed. Will you, too, i be one of those for- tunate ones next December? Not the Largest Xmas Club in Town, But One Large Enough to Give You all the Attention and Courtesy Receiving Your -Weekly Pay- ments ~ Britain’s postolfice savings been in existence 60 years. | Great + bank has We Are Pleased to Announce That The Book Banks Have Been Entirely Exhausted, But Beginning Monday, Next Week We Will Loan You Free a New Liberty Bell Bank if You Will Start a New Savings Account Here at The Burritt Savings Bank. $1.00 Will Start You On Your Way — Get One For The Kiddies — They Will Just Like Them. Come In Early And Make Sure Of One. We Pay 4%29% Interest. BURRITT SAVINGS BANK Cor. Church and Main Streets