New Britain Herald Newspaper, April 8, 1922, Page 11

T e EEET NEW BRITAIN DAILY HERALD, SATURDAY, MORE GOODS, RATHER THAN CREDIT, NEEDED IN U. S., BABSON ASSERTS Wellesley Hills, Mass, April 8§, - Checking up the findings of his re cent tour of Investigation with the figures avallable at his home office, Itoger W, Babson, the statistician to day made a very interesting observa tion regarding our present supply of money. “Liverywhere throughout the south and middle west," he says, “I found business men and farmers clamoring tor more money and more credit, The cry is not a new one, Peck, Stow & Wi that Russell Mrg Co Heoville MigCo .. Standard Screw . Traut & Hine , . Unlon Mfg Co . Stanley Works ... WALTER FERGUSON, FINANCER, DIES Stamford Men Also Had Extensive the longest way around yields the greatest number of profits must be reconstrueted on the cold mathe matical truth that a straight line is the shortest distunce between two points. i “Incidentally there s too mueh ignorant criticism of the federal reserve board. This group of aan Suk iR Frat s ag [men has done a wondertul work dur fn March, 1922, This i fundamental. | 18 this trying perlod of re-adjust iy an Improvement which critics have | MeNt and has stuck by ity guns in| g falled to realize. Fundamentally our |10 Of tremendous pressure and pub finances are better than they have|ll¢ demand for a “mare. liheral® pol R R e P fcy. This single hody of clear think-| “No, the farmers trouble Is not due |8 men has done more to keep us) g to the supply of money. eoniinued | 0Ut of the sort of cconomic mess that Ar Babaon” Shut to the fuct (hat our|3urope finds itsel? in today, than all the rest of the country put together, 860 240 20 40 47 Low Close PUTNAM & CO. Member New Yoik Stock Fachange Suceessor to Richter & Co, 31 WEST MAIN STREET, NEW BRITAIN, CONN. ' STANLEY R. EDDY, Mgr. TEL. 2040 Qdd Lots of Bonds $5000 Manchester School District 41;'s 1929, yielding 4.25% Bt Su Can 47% 473 Car & I'dy 166 166 166 Cotton Ofl . 3 269 Am Am Am Am Am Am Am Am Am ' altogether have steadily reduced currency credit, Our circulating media has 1 eut from § per capita—the and 8 & Ref 3 Sug Ref com Sumatra Tob Tel & Tel . Am Tob , Am Wool . Anaconda Cop . 521 Atich Top & 8 I' ¢ At Gulf & W I, Baldiwn Loco . Baltimore & O Beth Steel B 8% 140% Cen Leath Co . 38 Ches & Obhlo 65 % Chi Mil & St P 26 Chi Rock Isl & P 44% Chile Copper 1% Chino Copper .. 28 Con Gas Corn Prod Ref 1037 Crucible Steel .. 66 Cuba Cane Su . 16% Endicott John , 84% Lrie 18% Lrie 1st pfd 22% Gen Electric 161 Gen Motors .... 13 Goodrick (BIY) . 39% Gt North pfd .. Td% In Cop ... 1nter Con . . Inter Con pfd .. Inter Mer Mar . In Mer Mar pfd 7 Allis-Chalmers . { Pacific Oil ..... 5 | Int Nickel | Int Paper . Kelly Spring T . Ken Copper . | Lack gteel .. | Lehigh Valley . | Mex Petrol ... | Midvale Steel .. | Missouri Pacific N Y Central ... 8§ E NYNHG&H . 2 f | Norfolk & W .. | | North Pacific .. 77 { Pure Oil ...... Pan AmM P & T . Pern R R Pierce Arrow .. Ray Con Cop .. Reading . Repl & S . | Royal D, N. Y. . Sinclair Oil Ref South Pacific .. South Rail Studebaker Co. Texas Co .. Texas & Pacific g Tobacco Product 64 Trans Oil .. Union Pacific .. 137} United ReSt 48% U 8 Food Prod 5% U S Indus Alco . 47 U 8 Rubber Co . 63% fU 8 Steel ...u 98 | U S Steel pfd . 117% { Utah Copper 651% Willys Overland . 8% (Putnam & ‘Hfd Elec Light . Southern N E Tel . Am Hardware Billings & Spenc com Bristol Brass Colt’'s Arms . | Eagle Lock . |Landers F ... N B Machine ... iNIIPs-Be-Pond com {North & Judd Manufacturing Interests Stamford, April 8.—Walton Fergu- son, widely known in financial circles in the east died at his home on Straw- berry Hill avenue last night in his 80th year, After his graduation from Trinity college he became assoclated with his father in banking in New York city, the firm being J. and .8, Ierguson. Some years later he went to Pitts- burgh and was associated with Henry C. Irick in the coke businhess. Organized Brooklyn Edison He was one of the organizers of the Brooklyn Edison Co., a founder of the Kings County Electric Co. which later was taken over by the Brooklyn Edi- son Co. and was active in the form- ing of of the Union Carbide Co. He had also been a director of the Peo- ple’s Gas Co. of Chicago, the Vir- ginia Iron, Coal and Coke Co., the Virginia Southwestern Railroad and the Detroit and Mackinaw Railroad. On Many Boards At the time of death he was pres- ident of the Stamford Trust Co., chairman of the board of directors of the Stamford Gas and Electric. Co. and president of the Iirst National bank. President of the Ferguson li- brary which was named after his hrother the late J. D. Ferguson, whose will provided the money for the li- brary, and a member of the Union League in New York and the St Nicholas society. Mr. Ferg! n is survived by This wife, who Miss Julia I. White, daughter of John Trumbull White of New York and five children one of whom is Alfred L. Ierguson, treasur- er of the Windsor Print Works, and vice-president of the Consolidated Textile Corp. A brother, Henry, was a former dean of Trinity college. The funeral will be held on Monday. We must have a change in the City Administration. In the past 8 years sed 240 per cent. Vote for for Mayor and i Lower Ta dvt. City Items Vote straight Republican Ticket.— Advt. The regular meeting of the Jehuda Halevi lodge, I. O. B. B,, will be held Sunday evening-at 7:30 p. m. at Turner hall. Pull top lever and vote for Quigley. —~—Advt. Stanley Somers of 148 Grove street, is home for the week-end from the New Haven hospital where he is tak- ing a course in chemistry. Vote for Quigley before town.—Advt. The flnance committee of the school department will meet at 4 o'clock Tuesday afternoon. For Mayor, vote Quigley—advt. leaving for George A. ver since we have had money, men have looked to the apparently simple formula of more money as & solution to financial problems, Comparison With Europe “Witness Europe today for exam- They have followed this plan — meeting cach new with more money and more credit. As a result the franc has fallen from 19 cents to 9 cents; the lire from 19¢ to five cents; the mark from 23 cents to 1-2 of a cent; and the Australian crown from 20 cents to one hundredth of a cent! Living costs have gone to ridiculous heights in these latter countries and everyone is much worse off than they were befare the influ- tion took place. “While this has been going on we ple, emergency merchandizing machinery s tempor- arilly out of joint. An increase of currency and credit at this time would boost. living costs and make conditions worse instea of Dbetter, You cannot solve our economic prob- lems by legislating prices up and down or by running the printing presses overtime, Prosperity is meas- ured in goods not in gold. Must Change Distribution “Our merchandising needs olling and cleaning. tion must be speeded up—middlemen who do not serve a legitimate neced must be eliminated — freight rates must be reduced—in short, our chan- nels which lead from producer to consumer which now wander about like cow paths on the general theory Cla wa machinery Distribu- What They deserve your enthusiastic sup- on went on to discuss gen- conditions which are holding up y well in spite of industrial un- do you need? A will make known Herald sified your nts. ou secretly make a bid for miration of other men and all knowledge of it when I'riend FHusband becomes suspicious?" “FOOLISH WIVES” The object of our Investment Service is to give sound, disinterested advice. Our recommendations are based, on a careful analysis of investments of various kinds. We will be glad to suggest those An Investment Service for Your Protection and Benefit ]INVESTING is a science that requires special 4 knowledge and experience. If you invest withe out qualified advice, you are taking chances with your money. Besides the first consideration of safety, there are various other important factors that de- termine thp relative value of different forms of se- curities. What is a good investment for another * may not be practical for you. $2000 Province of Saskatchewan 5Y;’s 1946, yielding 5.35% $3500 Kansas Gas & Electric 6's 1952, yielding. .. ...6.25% $9000 Washington, Baltimore & Annapolis R. R. 5’s 1941, yielding s T L Particulars on application. JUDD & CO. MEMBERS HARTFORD STOCK EXCHANGE HARTFORD: Hartford-Conn. Trust Bldg, Tel. Charter 6330 NEW BRITAIN: 23 West Main Street, Telephone 1815, Through our private wire to Dominick & Dominick, Mem- bers of the New York Stock Exchange, we are in direct com- munication with financial houses in the following cities: BOSTON ST. LOUIS CHICAGO PITTSBURGH CINCINNATI LOUISVILLE WILMINGTON BONDS STOCKS We solicit your orders to buy or sell for cash in the above markets. (RES TV P ssh L S NEW BRITAIN HARTFORD New Britain National Bank Bldg. 10 Central Row Telephone 2580 Telephone Charter $000 DONALD R. HART, Manager Mermber Hartford Stock Member N. Y. Stock Exchange Exchange. We shall be glad to assist stockholders in adjusting their HARTFORD FIRE RIGHTS We Do Not Accept Margin Accounts JOHN P. KEOGH Member Consolidated Stock Exchange of New York Waterbury STOCKS Bridgeport Danbury New Haven Middletown BONDS Springfield Direct Private Wire to New York and Boston G. F. GROFF, Mgr.—Room 509, N. B. Nat'l Bank Bldg.—Tel. 1013 best suited to your purpose. Our advice is given gladly and without obligation. MONEY IN GRAIN narantee PALACE MON. & TU MATIN A Great Treat For the Children THOMAS JEEFERSON Option on 10,000 at or corn. No further risk. A movement of 5c from (Guarantee Price gives you an opportunity to take $500; 4, —in— $400; 3c, $300, etc. Write for particulars and ' free market letter. Investors Daily ‘ “I VAN IKL" Guide, Southwest Branch, Desk NU, 1003 B A/ Baltimore Ave., Kansas City, Mo. GET A BENEFICIAL LOAN WE LEND MONEY on note, or home furniture, without remov- al, to honest persons having steady jobs; also lend to property own- ers; no pawns; LOANS UP TO $300, repayable in 8 to 15 monthly installments, or as desired. LEGAL CHARGES ONLY, based on un- paid balances for actual time due. THIS SOCIETY is financed and directed by business and profes- sional men; condncted in a spivit of public service, and not solely to make money; VIERY FAIR AND HELPFUL; strictly confidential and courteons dealings, A SAFE PLACE TO BORROW; NEW BOR- ROWERS WELCOMED, PRIVACY GUARANTEED; QUICK SERV- ICE. The present low prices of reliable bonds offer unusual opportunities for high yield and increasing value. The Commercial Trust Co. Bond Department Open Saturday Evening 7 to 9 ' e ——— The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. Capital $2,000,000.60. Surplus. Funds $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 Bank by mail. It is safe and saves time. ! HOURS—9 to 53:30, Saturday to 1 CALL, WRITE OR 'PHONE US, New Britain 1-9-4-3. BENEFICIAL LOAN SOCIETY Rooms 104-5, Professional Bldg., ‘W. MAIN ST. (Cor. Washington) & COND FLOOR, RIGHT Licensed by State Bank Commissioner, and Member Legal Reform Burcau to ELIMINATE the LOAN SHARK EVIL, N. Y. RO RN MR LA OR GAN IZ ED_18 6 O Wil UNITED STATES TREASURY CERTIFICATES OF INDEBTEDNESS NOTICE To Children Having School Savings Books— I learned that it was given out Friday in the schools that children wishing to make deposits on their School Savings accounts, during vacation week, could do so by coming to the bank. This invitation, while coming from this bank, was unauthorized by its management. It will be a physical impossibility to do this for the children and is not contemplated in the School Savings plan. No deposits will be taken at the bank on : —— e School Savings Books during vacation week, nor at any other time. All deposits will have Savings Bank of New Britain to be made on regular banking days in the schools. Dated March 15, 1922, Due March 15, 1923 For Sale at Market Prices to Yield 31, % Approximately 178 Main Street A MUTUAL SAVINGS BANK Organized 1862 W. E. Attwood, Treasurer Burritt Savings Bank Offers its services to all. Urges everyone to save Open 9 A. M. to 4 P. M. Saturday 9 to 12 Monday Evenings 7:30 to 9