New Britain Herald Newspaper, September 2, 1922, Page 11

BABSON SAYS COUNTRY HAS LITTLE TO FEAR BECAUSE OF RED ELEMENT \ Wellesley Hills, Mass.,, Sept. 2. — With so much talk about bolshevism and radicaltsm, one is led to belleve that the world is rapldly becoming; soclalistic. Certainly such thoughts are evident when one reads about Rus- sla, Mexico, and certain other coun- tries. Roger W. Dabson, however, claims that this is not true. His ex- act statement in an exclusive inter- view this week upon this subject is as follows: “Soclalism, as a party movement, is almost dead, so far as the states are concerned. It has never been at home here. It is exotic. It does not fit United States conditions and it has no great hold upon the workers of this oountry. The soclalist leaders know this’ better than we do. They are ready now to combine with other people — workers, farmers, anybody who will go into the combine, Pre- © viously, they have been unwilling to ; hob nob with anybody except those who were willing to take the party name and party pledges. Moreover, there is a distinct tendency on the part of organized labor to rid itself of the incubus of socialism. The bat- tle has been fought out as far as the American Federation of Labor s con- cerned, It has been fought out {n the women's garment industry., It will be fought out wherever it is necessary and the conservatives will win, “There remains the farmer group— the farm bloc, as it is called. This fall will probably show more of the results” of the revolt of the farmer state against the conservatism of the present administration, This revolt was inevitable. Our last elec- tion was a post war reaction and the tremendous republican majorities had to come. The net results of the farm- ler revolt, however, probably will not justify the enthusiasm which it has called forth., After senators and con- gressmen have been elected to repre- sent the farmers, most of them will continue to act about as senators and congressmen always act, after they get to be senators and congressmen, The farmers will be disappointed, They will turn away from their radi- calism fo other quarters. “We have reached the extreme both of radicallsm and conservatism. We are headed for a middle-of-the-road course. The days of the extremist in any directlon are about over. Now we must get busy and saw wood! The Super-Sunday Newspaper for You! Starting Next Sunday You Can Buy a Bigger, Better NEW YORK With These Added Features: rocis fJARCH OF EVENTS secin Covering World Topics by Eminent Writers «rus PINK SPORTING s With All the Very Latest Results of the Day Giving the readers of this city almost identically the same great SundayAmeri- can sold on Sunday morn- ing throughout Greater New York. Don’t Miss This Super-Sunday Newspaper Next Sunday! Order It in Advance from Your Dealer NEW BRITAIN DAILY HERALD, The man who busy laying brick I8 not golng to listen to the call of the man who wants to interest him in ‘Isms’ of any kind. The man on the wall is going to say to the agitator: am doing real work and I cannot come down to you.' “Nevertheless, we are probably go- Ing to have more of some things tNat a4 good many of us do not like. We are probably going to have more of government interference in the rail- roads, instead of less; and more of government i{nterference in the mines, Instead of less. The drift seems to be in that direction, But we are not drifting that way on account of the theories of agitators. We are drifting that way because of the necessities of the present conditions. President Harding will see to it that the rail- roads run and that coal is mined, not because he s soclalistic, but because the country must have trains and coal. That is all there is to it. “That Is to say, I belfeve that the lease of life of the soap box orator and all the rest of the frenzied ex- hortera of our day, may be, for the present, cut short. What we do in the next few years, we are going to do because we want to. We are 8O- ing to be governed by conditions and not by theorles. The main tendency is toward a middle-of-the-road course, Most of the people will be traveling in that way. Our progregs will be along that line. We are folng to be confronted with the stern necessity of producing the necessities of life at costs which will attract the purchaser. That task will keep us all pretty busy. “If my diagnosis is correct,” con- cluded Mr. Babson, “this means well for investors and others interested in constructive enterprise. The captain of industfy is coming back. The en- gineer will take the place of the agi- tator. Money will again be invested in raflroads; public utilities will be rehabilitated and for many years to come the United States people will fertilize their flelds and prepare for that next period of prosperity. ™ The Babsonchart index of business this week stands at eight per cent. be- low normal, the same as a week ago. Business usually marks time until aft- er Labor Day. During the next few weeks trade should begin to brighten up. . City Items Bept. Victor Records 'at Morans'. —advt, “Georgette” lively new dance rec- ord. C. L. Pierce & Co.—advt. A marriage license was issued to- day to Robert Manthey of 28 Henry street and Marion Wrono of 26 Hen- ry street. Post season Closing, Lake pounce, Sept. 6, 7, 8, 9.—advt. Charles E. Basney of West Wood Park, Plainville, is confined at his home following an automobile acci- dent which occurred Sunday. Smith Business School opens Sept. §th.—advt. | Circus Nights, Mardi Gras. Lake | Compounce, Sept. 6, 7, 8, 9.—advt. Edmund Dillon of this y has sold a two-family house at 573 Franklin avenue, Hartford, to Jacob Elkins, |through the Cox & Dunn agency. Theron Walcott Hart, pianist, \ccach has resumed teaching. Studio 14 Prospect street. Tel 2531.—Advt. DAYIS-SYKES NUPTIALS ‘Wedding Takes Place This Afternoon Com- at 3 o'Clock at Home of Groom's Parents on Maple Street. Miss Doris Louise Sykes, daughter of Mr. and Mrs. Edwin Sykes of 250 Maple street, became the bride of | Mrs. F. B. Davis of 240 Maple street, | |at a pretty wedding solemnized at 3 o'clock this afternoon at the home of the groom's parents. The marriage ceremony was performed by Rev. J.| L. Davis. The bridesmaid was Miss Mildred Louise Davis and the best man was Harold F. Miller. The ribbon bear- ers were: Adeline May, Albert Pierce, Melvin Hall and Edward Magson. The bride was gowned in white canton crepe, with veil, and trimmed with orange blossoms. She carrvied a | shower bouquet of bridal roses. The bridesmaid wore pale green and silver ; and carried a bouquet of Daybreak pink asters. The house was taste- fully decorated with a color scheme | of pink and green. | The newlyweds left for a honey- | moon trip to Washington, D. C., arter returning from which they will muke their home at 240 Mapl2 street. 'I'he groom is employed at Kackliffe| Brothers. Mrs, Olive Ward played the wedding march accompanied l.y‘ her husband George Ward on the violin, and Mrs. Ward sang “Oh Promise Me,"” accompanied by Miss Ruth Trewhella. Yes We Have Started The “Trust” Co’s Vacation Club is now open, the opportumty you have waited for, is at hand. You can now put away either 50c, Francls Magson Davis, son of Mr. and ‘[ WALL STREET STOCK Wall Street—Considerable {irregu- larity developed In today's drill ses- slon of the stock market ofl, equip- ments and rallroad shares showing a reactlonary tendency while chemicals, tobaccos, motors and several special- tles moved to higher ground. Ralls oftered stubborn resistance to talk of a general strike. Reading and New Haven reacted a point each, but the other active {ssued showed only nom- inal changes, Mexican Pet. early show of strength dropped 23 points below yesterday's close. Loss»s of 1 to 1% points were shown by Phillips Pet. and Producers and Re- finers. Baldwin and Pullman were| each down a point. New high records for the year were made by Ch&cngo Pneumatic Tool, American Smelting, Geperal Cigar and Allled Chem. gains of 1 to more than § points. The closing was steady. Sales approxi- mated 350,000 shares. Quotations Zfurnished by Putnam & Company. High 6314 Low 6215 186 124 64% 37% 1265 16851 9514 5514 104% 129 5814 1% 14815 403 6% 327 ATY% 23Y% 311 1363 95 15% 88 15% 25 Close 6214 186 122% 65 Am Can . Am Cr & Fdy ..187% Am Cotton Ofl .. 27% Am Loco Am Smelt & Ref 65 Am Sg Ref com 841 Am Sum Tob ... 37% Am Tel & Tel .127% Am Tob oo 1687 Am Wool . A An Copper . . 55% Atch Tp & S F .104% Bald Loco Balt & Ohio ... 68% Beth Stl B 1T Can Pocific . 149 Cen Leath Co .. 41% Ches & Ohio ... 76% Chi, Mil & St P . 34 Chi Rock Isl & P 48 Chile Copper ... 23% Chino Copper ... 313% Con Gas Crucible Steel .. 96 Cuba Cane Sugar 153 Endicott-John .. Erle .. Erfe 1st pfd ... Gen Electric ...185 Gen Motors . 14% Goodrick BF ... 353% Gt North pfd .. 94% Insp Copper . 42% Int Mer Mar pfd 56% Allis-Chalmer® . 587 Pacific Oil 5714 Int Nickel . A Int Paper . . 58 Kel Spring Tire. 43 Kenn Copper .. 37% Lack Steel . 80 Lehigh Valley . 7014 Mex Petroleum .195 Midvale Steel .. 341 Miss ‘Pacific . 23% N Y Central ... 98% NYNHG&H.. 32% Norfolk & West.118 North Pacific .. Pure Ofl Pan Am P & T. Penn R R Pierce Arrow .. Pitts Coal Ray Con Cop Reading . Rep I & 8/ .... Rayal D, N Y . Sinclair Oil Ref. South Pacific .. South Rail 165 95 % 55% 104% 129% 58% 148% 41 7614 33% 47% 23% 313 137 96 15% 88 157% 25 185 14% 85 94% 417% 561/ 33 | Studebaker Co . Texas Co 4915 Texas & Pacific. 3214 Tobacco Prod . 861 Trans Oil 15 Union Pacific ..1511% United Fruit ...154% | United Re 8t .. 81% 8 Indus Alco. 657 U S Rubber Co. flf&fl U § Steel U S Steel pfd . Utah Copper Willys Over .. .. 121y . 703 % (Putnam & Co. ) Aetna Life Ins Co. Am Hardware Am Hoslery . Bige-Hfd Cpt Co com.. Billings & Spencer com. | Billings & Spencer pld Bristol Brass Wt | Colt's Arms .. Conn Lt & Pow pfd Eagle Lock . Fafnir Bearing Co Hart & Cooley Hfd Elec Light Landers Frary & Clark. 5 ‘J R Montgomery com. . J R Montgomery pfd .. N B Gas o N B Machine . N B Machine ptd .. Niles-Bemt-Pond com North and Judd Peck, Stow & Wilcox. . Russell Mfg Co . Scovill Mfg Co $1.00, $2.00 every week for 40 weeks and know that a check will come toyou next June. START TONIGHT. We are open tonight 7 to 9 o’clock Cor. Church and Main Sts. EXCHANGE REPORTS, after an' at| 37% | 126% | 7% | 2 | arrival home. | % SATURDAY, SEPTEMBER 2, 1922. 8 N E Telephone Standard Serew Stanley Works ... Stanley Works pfd .. Torrington Co com ... Traut & Hine .. Travelers Ins Co . Union Mfg Co . ILITTLE GIRL RUN DOWN BY MOTOR CAR Lois MacFadden of Stanley Strect In- jured—Parents Had Just Observed Anniversary. The home of Mr. and Mrs, Michael MacFadden of 749 Stanley street, the .acene of galety on Thursday evening | when the couple celebrated their 11th ! wedding anniversary, was plunged into sadness 24 hours later when, early last evening, Lois Jane, their | five-year-old daughter was run down and painfully injured by an automo- bile. The little girl was starting to cross | the street nearing the corner of i Church and Stanley streets, when she | was knocked down by a machine driven by Robert Ferguson. The | child was badly bruised and may be slightly injured internally. The previous evening Mr. and Mrs, MacFadden had entertained « large number of guests who congratulated them on their anniversary, receiving under an attractive bowsr »f golden- rod and pines. As an appropriate memento of the occasion, Mrs. Mac- Fadden carried a shower bouquet of white astors as she did on her wed- ding day, and also wore an amethyst | lavalliere and chain, a wedding pres- ent. Anniversary gifts included silver- ware, linen, cut glass, china and pic- tures. NEW YORK CLEARING HOUSE REPORT Exchanges . 813,600,000 Balances ..... . 63,700,000 PERSONALS. Mr. and Mrs. L. Baum of 29 Armis- tice street are touring up to Rupert, Vt., for several days. Miss Anna R. Siderasky and Miss| Anna Rossenberg spent the week-end at the White Mountains, Vt. The Misses Ellen and Esther Brandt and Gertrude and Rose House are spending the week-end at Norfolk, Conn. Edgar McAvay and Richard Han- non left today on an automobile trip | through the Berkshires. Miss Mildred Holcomb and Miss | Mary Scheidler have gone to New York city to spend the week-end and Labor Day. J. Leo Foley, son of John T. Foley, of Beaver street, sailed today from Southampton, England for New York, | after a tour of England. He will re- sume his duties as a teacher in the College of the City of New York on Fred Holfelder, who has for several years managd the Walsh and Holfel- der store at Bristol, has became asso- ciated with the concern in the Main street store in this city. The Misses Myra and Doris Kil- bourne of Arch street, are spending the week-end in New Haven. Miss Ivol Grant left today three weeks' vacation to Canada. | on a Toronto, Robert Stone, of Wood Haven, L. 1., formerly of New Britain, is visit- ing friends here. Mr. and Mrs. Frank B. Cox, of Trinity street, left this morning in company with their niece, Miss Esth- er Tone, of FEaston, Pennsylvania. They will spend a few days as the lat- ter's guest in her Pennsylvania home, after which they will motor to Bos- ton. Mr. and Mrs. Frank Glabou of Tremont street and Miss Sylvia Se- lander of Garden street, are spending the week-end in New York city. The Misses Margaret and Elsa Er- landson of 7 Ellis street are spending the holiday and week-end in Spring- field, Mass. Gertrude and Virginta Walsh of 61 | Columbia street are spending the holi- | days with Mrs. Rice and family at Clinton Beach. Mr. and Mrs. Marker of Cambridge, | Mass., are the guests of Captain | Edeen of the local Salvation Army at | his home on Arch street. PUTNAM & CO. Mcmbers New York Stock Exchange Members Hartford Stock Exchange (Successors to Richter & Co.) Stanley R. Fddy, Manager 81 West Main St., Tel. 2040 We recommend for investment Dallas Power and Light Co. 7% Cumulative Preferred Stock Dividends payable quarterly, February, May, August and November 1st. This company does the entire electric power and light business in Dallas and suburbs, serving a population of about 175,000. It operates under a most satisfactory fran- chise, which was approved by a popular vote of the City on April 8, 1917. The operations of the company are supervis- ed by the Electric Bond & Share Co. Price 98 and accrued dividend to yield about 7.13%. American Tel. & Tel. Co. Rights, Bought, Sold, Quoted. JUDD & CO. MEMBERS HARTFORD STOCK EXCHANGB BARTFORD: Hartford-Conn. Trust Bldg., Tel. Charter 6330 NEW BRITAIN: 23 West Main St.. Telephone 1815, WE OFFER: Torrington Co. Stock 7 omson, liienn NEW BRITAIN Hartford New Britaln National Bank Bldg. 10 Central Row Telephone 2580 Telephone 2-4141 Members Members Hartford Stock Exchange New York Stock Exchange Donald R. Hart, Mgr. ‘WE OFFER: FULLER BRUSH PREFERRED to yield 79) We Do Not Accept Marginal Accounts, JOHN P. KEOGH Member-Consolidated Stock Exchange of New York [V)Vnt:rbury STOCKS NB’J-dfi”" e! ven 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 STEVENS and GREEN Stocks and Bonds ‘We Will Sell 100 Shares of A. J. BEATON MANUFACTURING CO. OF NEW BRITAIN At $42.00 a Share. HARTFORD, CONNECTIOUT 2-3278—9 115 PEARL STREET Telephones: The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. Capital $2,000,000.00. Surplus Funds $2,000,000.00 Safe Depos1t 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. Savings Bank of New Britain Organized 1862 Assets—$13,000,000 Surplus—$700,000 A MUTUAL SAVINGS BANK It is the duty of every person to save, regularly and continuously. This bank offers a safe and convenient place for the deposit of these savings, where 415 interest is being paid. START AN ACCOUNT NOW Open 8 A, M. to 3 P. M. Saturdays—S8 to 11 Monday Evenings—6:30 to 8. (Standard Time) 178 MAIN STREET e —— R R e G S S A TN For Quick Returns Use Herald Classified Advts.