New Britain Herald Newspaper, January 21, 1922, Page 10

JANUARY 21 ]‘)‘7"’ $100 REWARD OFFERED Boy Scout Organization Will Pay This NEW BRITAIN DAILY HERALD, SATURDAY LABORS OF GERMAN CHEMISTS MAY > PRODUCE SYNTHETIC GOLD FORMULA 2" national conference would doubtless be immediately called and the stabllized” commodity dollar—as 80 strongly recommended by Professor Irving Fisher of Yale Unlversity would, as 80on as possible, be substi- tuted In its stead, All new contracts would be based on this commodity dollar, But what would happen to the old contracts? Is there anything to prevent people from paying off their present debts with gold dollars? Meanwhile, as governments work so slowly, o ‘great change would take are llkewlse poor they could extend |place ‘in the security markets of the very little help to Germany even if |world. Almost everyone would be af- they cared to do so. Consequently, |fected tn some way or other, the outlook Is dark. ‘Germany's only| The holders of bonds and other consolation is that If she goes by the[forms of Indebtédness would have board she will probably have com-|their securities pa\d oft in depreciated pany. |Bold. Gold for industrial purposes is There is one hope however, for not as good i metal as iron, copper financlal Germany a hope 8o verylor lead, siuce the value of gold today slight that there is perhaps only one!consist almost wholly in fts rarity. chance out of a thousand, vet its con-| With this rarity destroved it would sequences are 8o far reaching that I|sink to a low figure, This means that want this week to tell my readers of [those who are louners of money and I refer to the possibility of dis-|who have had money investad almost, Baiti & Ohlo . 34% son with whom he is dealing. covering a way to manufacture syn-|wholly,in bonds and notee, would suf Beth Steel H;.. 607 “Most all of you bankers feel at|thetle gold. Private advices have|fer serlous losses. This does not apy Cen Leather Co. 33 ; home within the walls of the building [been coming to me for some time that |[to banks. Danks would rccelve th Chi, Mil & St P 15“3 you are working iff But when you go|German chemists are diligently work- |synthetic gold In payment for their Chi Rock I & P -'h:f to another bank, either on business or |ing to discover some method for mak- |securities and loans, but they would f::lflefl Fg(r:'r:;:r o 125; a personal call, you do pot feel quite |ing synthetic gold. 1 do not know that use the same synthetic gold to pay oft Gondol Gab E ;73% as much at home as you do in your|the German government is directly be-{their depositors. Therefore the bank, | AL RO own building despite the fact that you hind such experiments but indications like the commission merchant, wou!d | (;ruclh]r Steel 5o may know a few persons in that insti- |[point in that direction. The UGerman |neither gain nor lose by the discovery. ' Bl e e tution, It may be that you do not|government would of course be justi-| The great benefit would come fn Endi-Jolh ..... 801 know where to go or who to see. fled in spending a tremendous sum of (those who own land, forests, mincs, by bttt il | “If a person working in the bank|money to discover a process of mak-|water power and Industries in genc The 21st anniversary of/the Y. M. WI OFFER: S {e%; feels that way, how must a persoy |Ing sythetic gold. Stocks would have a tremendous 1. A. & . soclety drum corps wili Gon. Blectrlo .. 1443 feel who is not working in a bank,| Reports indicate that a process has|boom, the greatest boom in history.| be observed this evening at the Elm We Offet North & Judd Gen Motors 83 but comes to deposit money or on [already been discovered for the mak-|In short, the creditor, the man hc‘ Tree Inn at Farmington when the PRICT ON M,l,” ON. Goodrick (BF). . 385 other business. It is this point that I [ing of gold from quick silver, the only loans, would suffer tremendously but annual banquet and anniversary ex- catlo Trispir Copper .. 40% am trying to bring out. The people [difficulty being-that the present pro-|the operator, the man who owns na- |ercises will be conducted. Htaet it Oonr - 43 of the bank must make this person|"¢ss costs more than the product is|tural resources or shares in active The entire corps of 23 members rep- THtSES Goniintd 5% feel as much at home as possible and |Worth. In other words synthetic gold |business would greatly prosper. irrsnmnnws of the leading corps Int Mer Mar ptd 66 S0 B all dnav s today is worth more than its weight| . There is only one chance in a thou-|throughout the state and about a T A Trust in Each Other gold. Consequently it cannot belsand, perhaps one in ten thousand of |score of members of the Tabs who Pacific Ol 55 Continuing his talk Mr. Stevenson(used as a substitute for gold. If, how- [any such discovery being made, It is, iare not affiliated with the drum int Nickel 123 urged all employes in a bank to trust |ever it is demonstrated that lead is|Lowever, of such importance thaticorps, will be in attendance. Int Paper . 195 in each other. In this way, it was ex- |made from the same hase as gold and |every one should insure a little against| Several trophies were added to the Kelly Spring Tire 3T% plained by the speaker, other persons|that the difference lies only in the ar-|it and not put all of his money into|alrcady large collection during the Kennecott Cop . 30% can be aided greatly. Mr. Stevenson )rangement of the atoms, which ar-|bonds, Purchase a certaln amount of |past year. ‘The band appeared in Tl e told the bankers that when they have|rangement it is possible to change,|land, have a portioh of your funds in |numerous street parades in this city Lehigh Valley .. 59% a customer not to be afraid to spend |then gold can be made from lead as|mines, forests, water powers and other | and v'-‘*?“'h": Mex. Petroleum 11414 a little time with him. The banker [Well as analine dyes can be made from |national resources. Be in a position| President Thomas DSk Midvale Steel 321, should be sure to get the other per- |coal tar. so that if such a discovery is mwelsldo over the post prandial exercises son's point of view and the story of | If any such process is discovered|you would profit thereby, at least to|at the I% mmmgton Inn this evening. Missouri Pacific . 163% 5 his past life and business dealings if [the havoc it would create is apparent.|the extent that you would not suffer . IPAVLOWA'S LEGS ARE N Y Central 4% NYNHG&H .. 15% possible. The speaker said that if this |The discovery would of course first be [great loss. was done the time would not be|treated very secretly, and a tre-| General business has settled down | CAUSE OF TROUBLE Financial News especially those BANKING CHAPTER HEARS STEVENSON Hartlord Man Gives Interesting Talk at Savings Bank “The bank in most any city is the Belling of steels, Issues which contributed largely (o yeésterday's deallngs, featured today's | brief market sesslon. Gulf states ex tended its reaction by over 7 points, making a total of more than 26 points from yesterday's high price, PUTNAM & CO. Member New York Stock Exchange successor to Richter & ©o, 31 WEST MAIN STREET, NEW BRITAIN, CONN. STANLEY R. EDLY. Mgr. TEL. 2040 We Offer Blackstone Valley ‘Gas & Electric Co. Common Stock This company does the entire gas and electric lighting and power business in the Blackstone Valley district of Rhode Island. Price and Circular on Application. “Is there any hope for Germany Sum For Information Leading to When this question is asked, reference Return of Missing Boy. I8 made of course to the present Ger- We all that the German people are industrious, and that they will get on irrespe®tive of what happens to their government, There is, however, great doubt as to the financial future of the German government., Germany's indebtedness is great, her money Is almost valueless and credit is nil, Owing to the tact that the other countries of Europe Seout Executive Walter O. Cook, of this city, has received a letter from James 15, West, of New York, | chief scout executive, offering $100 re- | ward for information congerning ot missing bho who “may be in thls| neighborhood. The Replogle lost 4 points and declines of one to 21 were sustained by Bethlehem, Crucible, Great Northern Ore, Sloss Sheffield, Republic and Vanadium, Coppers, shippings and chain store ls- sues strengthened. Closing prices [clearing house for the large majority were generally lower. Sales approx- [of people living in that community,” imated 500,000 shares, Liberty bonds |according to George 8. Stevenson, who eased and other bonds were steady. gave an interesting address before the High Low Close I[members of the New Britaln banking Bt Sugar.. 37 36 36 chapter in the lobhy of the Savings Can 345% 34% 34% lbank last evening. Mr. Stevenson is Cotton Oi1 . 21% . 21 treasurer of the Society for Savings in Loco 5 106 | Hartford. There was a large attend- Smelt & Ref 48 T% [ance at the meeting. In his talk, Mr. Sug Ref com fi?h‘- 66% Stevenson sald In part, as follows: Rumatra Tt 34% [“The technical part of banking is the Tel & Tel ”7‘4 117% Imost important in my mind. But the 133 7% 1887 |gecond most important part of bank- 83 % 2 83 ling is for the banker to put himself 60y 49% [in the place of the person on the other 97% 97% [side of the counter, Everyone con- 30% 30 lhected with a bank should try and get 7% 96% lthe viewpoint of the customer or per- |It. man Government, know missing boy's, name I8 Mark Clement, a High school student in Pittsburgh, Pennsylvania, and left October 156 with a David Poole, an English sallor and wanderer, Clement is described as bheing five feet, four inches tall, welghing 08 pounds, dark hair and brown eyes, He is bright and quick speaking. Poole Is 40 years of age; weighs 180, stands five feet, nine inches tall, has dark hair and blue eyes and wears high powered glasses, Heshas skin grafting on his arms and breasts and slightly stiff ankles, dué to an accident on an English freighter. Any scout troop scending informa- tion instrumental in the hoy's return| wili' be awarded $100, DRUM CORPS ANNIVERSARY | Musical Am Am Am Am Am Am Am Am AmTob . Am Wool . Anaconda Cop. Atch Top & 8 F At Gulf & W I, Rald Loco .. M, L. JUDD F. . JUDD W. T, SLOPER JUDD & CO. NLW BRITAIN, CONNECITCUT Telepione 1'515—1816 Tabs' Orgnnl‘mllnn Has Rounded Out 21 Years of Most 23 WEST MAIN STRY Successful Existence. Investments, Local Stoc 143% 8% 37 403 1% 5% 6514 441 45% 12% 49 371 29% 48% 591 112% 31% 16% 4% 15% 763 35% 52y 34% 16% HARTFORD 10 Central Row Telephone Charter 000 Mciiber Hartford Stock Exchange. NE \\' BRITAIN New Britain National Bank Bldg. Telephone 2580 DONALD R. HART, Munager Lowe will Ehd Member N. tock Exchange — 2 We Offer:. PECK, STOW & WILCOX Price On Application. We Do Not Accept Margin Accounts. North Pacific 76% Pure Oil 35% wasted. mendous amount of gold would be|for its mid-winter dullness. The Bub- | Pan Am P & T . 52% Customers as Friends made and coined before anyone learn- [sonchart index shows it running 18! Penn RR ...... 34Y Mr. Stevenson continued by saying|ed about it. This gold would b(-_usfd.por cent below normal. No o)nrge‘ Plerce Arrow .. 16% “When you have served the customer [by Germany partly for paying off its|from last week. Pittsburgh Coal . 61% 597 |you have nots only done your duty f‘oparutlon debts, partly for purchas- Early in the spring I look for pro-.“AI’t " Say Some; “Cover Them Up,” Ray Con Cop . 15% 15 |but also you haye made a good friend. |ing raw materials, and .partly for the [nounced actgeity in building lines, the Reading 7314 73 | This way, he added, is a great adver- | relieving of the culties of its own [influence of which will be felt; people. Even however after the dis- [throughout the whoie Jusiness struc-! Others at Emporia Theater Demand Rep I'& S .. Royal D, N Y . Sinelair Oil Ref South Paciflc ... South Rail ... Studebaker Co .. Texas Co ... Texas & Pacific . 25% 24% Tobacco Pro .... 64 64Y Transcontin Oil . 10 % % Union Pacific 129 129 United Fruit . 128% 128 1'nited Re St ..... 556% 65 55 U 8 Food Pro'.. 1% T4 Tl U S Indus Alco . 43% 42% 42% T 8 Rubber Co .. 56 55 55 U S Steel .... 873 8614 8615 U S Steel pfd .. 1173% 117% 117% Utah Copper ... 651 6314 64 Willys Overland . 5% 5% 5% (Putnam & Co.) Hfd Elec Light South N E Tel American Brass 296 Am Hardware ... 155 Billings & Spen com 20 Bristol Brass 15 Colt's Arm 25 Fagle Lock . 53 lLanders, F & C N B;Machine C..o. Niles Be Pond com North and, Judd . 45 Peck, Stow & Wilcox 3015 Russell Mfg Co .. 98 Scovill Mfg 390 Standard "Scre 240 Traut and' Hine 35 Union Mfg Co . 40 Stanley Works . 47% 49 "' _BANK REPORTS. New York, Jan. 21.—The actual condition of clearing house banks and trust companies for the week shows thlt they hold $39,625,970 in excess of legal requirements. This is an in- crease of $23,467,670 from last week. 65% 51% 20% 81% 17% 54% 51% 20% 81% 17% 877% 45% 157 129 SLEUTH AND BANDIT KILLED IN BATTLE Shoot 'Each Other to Death, Adding to Long List of Chicago Tragedies Chicago, Jan. 21.—A detective Ser- geant and a bandit yesterday shot each other to death in a pistol fight, which, police believe, was an outgrowth of the more than half a dozen murders which took place last summer in the Nineteenth ward, as a result of a political feud. Detective Sergeant Charles Paldina was shot by one of five men in a saloon which he was entering. He re- turned the fire and his assailant’s body was found outside the building with three bullet holes in the back. Paldina died before he could be taken from the sdloon. The bandit was identified as a man named Newman, who had been trailed by detective seeking evidence in the Nineteenth ward murders. Paldina had made several arrests in these cases, and had received several death threats as a result of his work OPERATE FOR ODD AILMENT. Surfgeons Believe Sympathectomy Op- eration First in United States. Salem, Ore., Jan. 21 in sympathectomy, believed to be the first in the United ‘States, was per- formed. here yesterday on Marius Sa- huo, a resident of southern Oregon. Surgeons removed a part of the cuff of the brachial artery from the stump of one of his arms, amputated some time ago, to alleviate pain in the stump. The arterial cuff, they ex- plained contains a sympathetic ner- vous plexus in which the painful sen- mation had its source. Sahuo said last night that —An operation tisement for the bank inasmuch as the customer served will like the people working in that institution at which he does his business and will un- covi could be done about it. Gold is gold, and that's all there is to it. ery became known little or nothing |ture. An inter- (All Publication and R; Strictly Reserved.) adio Rights Emporia, Jan. controversy caused by the players in doubtedly tell his friends who will also go to that bank. The dollars and cents problem, ac- cording to Mr. Stevenson, is the chief one of everybody. He said that it must be solved for the individual so that he will be able to live up to higher things. Following this, the speaker said that the banks in any city are the clear- ing houses for the majority of people in the community, more than any other business. Business of Courtesy Perhaps the most striking phase of the agdress given by Mr. Sevenson was the statement that there is more to courtesy than wearing a smile and say- ing “Good Morning.” Any banker, he added, can come to work in the morn- ing with a smile on his face and give the customer the usual but cordial greeting of the day. But, he added, the business of courtesy goes deeper than that. The business of courtesy is to understand the person on the other side. En Good Entertainment Previous to the talk by Mr. Steven- son, Miss Gertrude Dehm favored with piano selections. Following the speak- er, Miss Adeline Ohman rendered two vocal selections. Harry Whatnall also | gave two piano selections. Banquet in February o President Gustave Winger announc- ed that the second annual banquet of the New Britain Banking Chapter would be held at the Elks’ club on Thursday evening, February 23. At this time Robert B. Locke of the Fed- eral Reserve National bank in Detroit and president of the National Banking Institute as well as ‘Richard. W. Hull of New York city, secretary of the Na- tional Institute will be the guests of the local chapter. REPORT ON GROPS SHOWS VARIATIONS Northern Hemisphere Seems Better Than Southern Washington, Jan. 21.—Crop condi- tions in the northern hemisphere were reported today by the agricultural de- partment to be still “quite variable’ while the harvestings in the southern hemisphere were said to be in gener- al slightly below estimates. While the ha *sting of wheat in Argentina was said to be making good progress, recent reports, the depart- ment stated, were less optimistic than earlier ones as to the probable yield. The crop was said to be of generally good quality, however, with the area planted estimated at approximately 1,000,000 acres less than for the pre- ceding year. R Harvesting the Australian wheat crop, now practically completed, also was expected to show some reduction, it was said, from the first official es- timate of 146,614,000 which is ap- proximately equal to the 1920-21 crop. The condition of winter wheat was reported to be generally good through out the eastern and northern section of the United States and also Canada but was described as poor in most of the southwestern states. Winter rye conditions were reported to be very good in this country. Winter crops were said to be show- ing some deterforation in Germany and irregular growth in France, due to droukht, while they were report- ed as favorable in Hungary and sever- al neighboring states Interest on (‘.roa! Brnain's war the pain had dlrnlnlslwd.l’dvhl is $1,622,600,000 annually. i John 4. Davis Bible Class Tournament Proves Superiority Landlubbers Over Sea Fighters. A final check-up on the score tween the army and navy teams in the John L. Davis Bible class bowling tournament at the Y. M. C. A. day night trounced the 1775 to 1682. Ensworth Christianson ... 74 91 Baehr .... Galbraith . . 88 Loomis . Dorsey Dressel . . 95 Lord Johnson 81 81 Andrews .... Cashmore .. Jahn ..... Preston Wessels . Duchim . Walker R. Loomis Hagist .... ARMY DEFEATS NAVY Bowling of be- Thurs- shows that the army navy by the score of The score follows: Army. 101 91— 84— 83— 94 87— 269 72 76 72— 2204 78 a1 69— 165 99— 274 585—1775 273 249 84 90 257 ms .. . 86 557 633 Navy. e B VB FUTBE=282 88— 250 Bank by mail. .. 88 .. b9 e 79 70 94 =D 93— 93 The elite 565 89 81— 248 64— 243 68— 127 86 84—170 = — 16 ok g 5561—1682 the opera “Carmen’ smoking cigarettes ‘on the stage, Emporia, the home of William Allen White, has been stirred up by the Russian dancer, Pavlowa, and her ballet. The discussion began when the Pav- lowa performance was branded as a [“leg show” in a lgtfer to an Emporia 4 [ newspaper. . Py ays it is art, but the “newspapers’’ maintain “legs is legs,” and Pavlowa should cover them up. The Hartford-Connecticut Trust Company o Corner Main and Pearl Streets, Hartford, Conn. Capital $2,000,000.00. Safe Deposit Boxes, $5.00 and upwards. Settlement of Estates. Foreign Exchange to all parts of the world. LETTERS OF CREDIT — GENERAL BANKING It is.safe and saves time. Surplus Funds $2,000,000.00 “Say, Dad—Get Me a Liberty Bell Bank” Yes, we will loan you one of these Bell Ban‘ks Free, if you start a new Savings Account with $1.00 or more. The Dollar goes right on your Bank Book and draws interest at 414%,. sGet one for yourself and for the Kiddies. Don’t be one of those who regretted that they didn’t get a Bank Book before it was too late. Get one tonight while down town. Open Tonight 7to 9 O’clock Burritt Savings Bank Cor. Church and Main JOHN P. KEOUGH Member Consolidated Stock E: xchange of New York - Waterbury Bridgeport Panbury STOCKS New Haven Middletown BONDS Springfield Direct Private Wire to New York and Boston G. F. GROFY, Mgr.—Room 509.. Nat’'l Bank Bldg.—Tel. 1012 ; e e . COMNTMIILLIINGT O R GAN 1Z. ED 18 6 O Ik YOU WANT TO BE \ON THE SAFE SIDE so why not have your valuables protected all the time? Put them in our Sife Deposit Vault, where you can rent a Box for less than one cent a day. Hiliim THE ONLY NATIONAL BANK IN THE CIT The way to save is to BEGIN — Start NOW with a Bank Account For Quick Returns Use Herald Classified Advts. : PAGE TWENTY-THREE SEl S T R