New Britain Herald Newspaper, November 7, 1922, Page 11

) "‘plees of the GOOD TIMES AHEAD, BABSON TELLS BUSINESS GATHERING “Plenty of Money With Which to Do Business,” He Says—Lauds Retailers Money==A long pull down- ward, Bonds—A long pull upward, Mtocks=—A shorter pull up- ward, Commodities—Increase for a year or more then a long pull down, comparable to what fol- (8pecial to The Ilerald). b | Hartford, Nov, 7,~~8Speaking before a large audience of business men at Parsops' theater this afternoon, Roger ‘W, Babson, internationally famous economist, made predictions which will create confidence in the commer- clal world, He spoke under the aue- Hartford Advertising club, Among other statements, Mr. Bub- son sald that crop conditions are greatly improved over 1921 and as a result ““at least one-third of the peo- ple in the United States are’going to have a greatly increased buying pow- gr this fall and winter' Money conditions have improved, he said, and “bank statements prom- ige plenty of money with which to do business throughout the coming ««.qmoonths regardless of what may hap- pen abroad."” Speaking of the situation in the manufacturing the retail field, Mr Babgon said: “Failures are fewer, The peak of losses apparently has been passed.” F'rom the standpoint of the working man, conditions are good, he said, be- cause there are lesy than a million __‘\‘i'. workers ldle today compared with five ] J i - Ui prices, but this Wil follow. million out of employment two years ago. » A resume of Mr, Babson's talk fol- lows: ¢ “FFundamental conditions are favor- able-~by this I mean that the soclal, economic and spiftual conditions which affect business have improved so that they now furnish the basis for genuine prosperity. The over- extension among business concerns and the habits of extravugance and waste on the part of péople as a while have now heen largely corrected. Peo- ple are beginning to produce more than they consume. This is apparent from the Babson chart which shows that business turned the corner in August. “Crop conditions—from the stand- point of profits, the crop outlook s the best in years, The harvest prom fsed is large and price are fair, Hence, 1922 crops thould benefit both t,e farmers and the public. Bsti- mates indicate that the value of grain and cotton harvests at the farm will bhe more than $5,600,000,000. TLast year they were $3,700,080,000. This indicates that tne majority of farm- ers Wl get about §0 per cent mote for their products tnan they did a year ago. Considermg the fact that producing expenses have been less, ihe net profits of this year’'s harvests ghould be muca mere than in 1921, This means that at-icast one-third of the people in the, United States are Bgoing to have a greatiy increased buy- ing power this fall and winter. Large crops are a source of real wealth. They help every cne, Maney - Conditicns: Improved “Money conditions—Ilgans through- out the country have been reduced. The federal reserve banks are redis- ‘counting only about a fourth as much as they ‘'were this time last year. Re worting. member bankl have cut down thelr loans by something more than $1,000,000,000. Moreover, they have gleaned.up a large part of the doubt- ful accounts which they have been carrying since the 1920 crash. I°rom the standpoint of reserves the ratio of 80 per. cent of reserves against fed- ‘eral reserve note and deposit labili- tles shows the strong position of the federal reserve system. Certainly the bank statements promise plenty of money with which to do business throughout the coming months, re- gardless of what may happen abroad. The long swing trend of interest rates| 18 downward. “Commodity conditions—The posi- tlon of business houses is decidedly better. Reports show that in most cases inventories have been sufficient- ly written off. Stocks of goods have been cut down and there has been no overbuying. The same progress has «Rot yet been made in reducing retail Failures are fewer. The peak of losses ap- parently has been passed. Prices are becoming stabilized. A shortage in goods may even be witnessed in some lines., All signs point to a stiffening in commodity prices this winter al- though the long swing trend may continue downward. “Employment conditions are very much better—Where 5,000,000 peo- ple were out of employm&nt two years ago, less than a million are out of employment today. Common labor is fully employed and the building trades are working overtime. The. settle- ment of the railroad, coal and textile strikes have put a million men back to work. If the rallroads now come into the market for new equipment and supplies there should = be very little unemployment during the next few months. This must mean better business because the purchasing pow- or of the people is ultimately deter- lowed the Napoleonic and Civil Wars, Labar—S8ubstant'cl progress towards o satisfactory solutios of general labor problems dur- ing the last six months, There will be very little unemployment this winter, Manufacturing—Mills and fac- tories In most lines will have better business this winter, If, however, this improvement re- sults in any deflation, a reaction and a long period of dullness will follow, Retalling—Retallers are com- ing back to their own. There are 1,000,000 retail stores which are entitled to much more help and encduragement from both manufacturers and the public. General—Business travels in cycles. Business men travel in ruts. Babson recommends very strongly the culfivation ef the retafler in an-effort to increase distribution, European Situation — This looks bad. England is standing for law and order and the pay- ment of debts, but the rest of Europe is playing politics. hN " mined by the total payroll of the “Boost the Retaller.” In connecticn with Mr, Babson's @ddress he made a special appeal for retailers, He bLelieves that although the retailer was largely responsible for the period of over-expansion yet upon the rectailer we must depend to bring back real prosperity. Sald Mr. Babson: “Offhand critics are fond of knock- ing the retailer a man of limited foresight and ability. 1 do not agree with this view. But even/if it were true, it would be far hetter to help him than to knock him. Morcover, if he really is a light-weight, then so much the worse for the manufacturer whose success or failure lies in the hands of' the retailers who sell his goods, “We all have learned many things in this recent period of depression. One is that no one of us can have lasting .prosperity except as those whom we serve prosper likewise. The retailer has been as guilty as any one in failing to recognize this, but there is nothing to be gained now by calling names, The crying need of the hour is that we all get behind the re- tailer and help him. If his methods are wrong it is our misfortune and it is up to the rest of us to show him a better way. We have failed to real- fze that this ‘inefficient’ retailer still sells at fleast 86 per cent of all the goods bought in the United States; that he has more than a million stores in the country representing an invest- ment of billiong of dollars; .in short that the individual retailer today is our main and vital artery of distribu- tion. Cost of Distribution Rises {While we have been devoting our efforts to building better factories to manufacture goods, we have done very little toward the equally impor- tant pfoblem of getting those goods to the ultimate consumer. The gov- ernment is spending over $100,000,- 000 a year in research to help manu- facturers and farmers, but it has never even taken .a census of the re- taflers. We have applied all = that science and human ingenuity have contributed to production, but we have let distribution iook out for it- self. The result is that our manufac- turing cost has been cut to a fraction of what it was fifty years ago, but the percentage cost of distributing is more than it was fifty years ago. “We should begin at once to give more support .to the retailer. Sup- plied with the same statistical infor- mation and bacKed up with the same assistance from government and priv- ate research, the individual retailer will make as much progress in his field as the producer has in his own. The idea that he must fight the chain store and co-operative buying is en- tirely wrong. He must be willing to adopt the improvements of those sys- tems, in order that the retail field may not be dominated ecither by .the chain store or any other single or- ganization. “Now we are on the very eve of a | general business improvement, but the retailer must get in a better mental attitude to capitalize this opportunity. He should be going into it like a fighting cock, but instead his attitude is fearful and defensive, Our problem Is to show him the facts and show him that we are on the upward side of the business cycle. A period of improvement is ahead in which he is certain to share if he will only seize the opportunity, adopt modern methods, render real service, co- Can I make a mince pie in less than two days? ANSWER: Yes, indeed! Twenty or twenty-five minutes is all of the time that is needed to have the best mince pie ready for the oven, if you use NEW BRITAIN DAILY HERALD, TUESDAY, NOVEMBER f, 1922, operate with his competitors and in- vest his savings in the securities of the corporitions with which he deals,” MORGAN G. BULKELEY FOR LICENSE LA G, 0. P.-LEADER, DIES New Brtain Men Beind 31l fr Well Known Hartford Man Long . [dentitied With Party Hartford, Nov, 7.—Morgan Gard- ner Bulkeley, president of the tna IAfe Insurance company since 1879, mayor of Hartford from 1880 to 1888, governor of Connecticut irom 1889 to 1893 and United Btates sen- ator from 1905 to 1911, dled at his home here last night after an {ll- ness of three weeks. He was born in Last Haddam, December 26, 1837, The passing of Mr, Bulkeley re- calls the famous deadlock in 1891 when he forced his way into the executive chamber at Hartford with a crowbar, The term of office to which he was clétted as governor expired in 1891, Under the state constitution as It stood at that time a majority of all votes cast was necessary to elect a governor and where there was no such majority the election fell to the general assembly. There was a dispute as to the legality of rejecting about 1,300 so-called ‘“specked” ballots passed in 1800 which has been thrown out by counters at the polls. Luzon B. Morris, democratic can- didate for governor, had about 4,000 more than Bamuel W. Merwin, re- publican, but as these rejected votes | were included in the total he would| still lack a majority. } Canvassed the Vote, The republican house insisted inj canvassing the votes and the demo- cratic senate refused so it was im- possible to declare anyone governor. The only state official elected was the | comptroller, a democrat, who had a| cleat® majority. Under these circumstances Gov- ernor Bulkeley held over through failure to choose a successor. The comptrollér refused to admit him to the state house and then tollowed the incident of the crowbar at the state house door. Held Governor's Chair. The supreme ecourt decided he was de facto governor. GovernarI Bulkeley held the fort for two vears after his own term had expired but the democratic senate refused to acknowledge his authority and state appropriations” were held up. Gov- ernor Hill of New York refused to recognize Bulkeley's demand for the! extradition of criminals and other complications arose but Bulkeley did not wealken and served until the year floglll)g\\'ing the Cleveland landslide in This episode led to the constitu- tlonal amendment that provides for the electiébn of state officers by a plurality of votes. | Born In 1837, Born in Fast Haddam, Conn,, December 26, 1837, young Bulkeley left school at an early age and.\be- came an errand boy in Brooklyn, New York. Later he became a member of the firm by whom he Wwas employed. Served in Civil War, When the Civil War started he joined the 13th New York Volun- teers and :served urdder McClellan, l~!e returned to Hartford in 1872, Upon the death of his father he was made a director of the Aetna and five years later was chosen head of this insurance company and subse- auently two affillated concerns, He organized the United States bank of Connecticut and became director of 'several other Hartford institutions. National League President: In 1876 he took an active part in baseball and was the first presi- dent of the National league. For more than 30 _years he was an offi- clal of the National Trotting associa- tion, Yale conferred upon him the de- gree of master of arts in 1899 and fh 1917 Trinity honored him with the degree of LI.D. Tn 1880 he was (‘I;\(;Led r‘nayor of Hartford and gave his salary to t ke v he city poor He married Miss Fannie Bri, Boughton of San Francisco in 1‘:;; and to them three children were born: Morgan G. Jr., Houghton and Mrs. John Ingersoll. o Funeral Thursday, The funeral of ‘Mr. Bulkele, be held Thursday afternoon nty ;v;l(: o'clock. The Rev. Warren 8. Archi- bald, pastor of the South Congrega- tional church, will officiate, IMlags were at half mast today on the state capitol and the municipal building in memory of the late sen- ator. Mayfickd, by Late D«-I;Ion, Gets His Name of Texas Baliots, Dallas, Tex., Nov, 7.—Ear| Mayfield, democratic candidate for U. 8. Senator to succeed Senator Charles Culberson and George E. B. Peddy independent democrat endorsed by the republjcan state committee were the figures of overshading interest in today's elec- tion in Texas, Mayfield with his name 6ff the bal- Tot in & number of counties but legally entitled to a place on all of the ballots in the state by virtue of an 11th hour supreme court ruling in his favor, was said to have the Ku Klux Klan cast- ing a solid vote for him although he has not said anything about the klan in his campalgning. Peddy was figur- ed on to swing the anti-klan and re- publican vote. Peddy's name was not on the ballot. The election climaxes a bitter battle of lawsuits, injunctions and mandam- us proceedings. . Legislature in 1928 Members of the New Britain Real Watate board,of which there are 156 troduced at the next session of the Connecticut legisiature, A bill simi- lar in purport was defeated at the last sesslon, Laws in Other States INegulatory measures of this kind have been enacted and are now In ef+ feet In 14 states, They are Arlzona, California, Idaho, Illinols, Louisiana, Montana, Michigan, New Jersey, New York, Oregon, Tennessee, Utah, Wis- consin and Wyoming. TBrokers and salesmen are licensed in British Col- umbla, Canada, State license laws have been fo tered by the national assoclation ef real estate boards primarily for the The national association In 1913|enacted prepared a bill acted, and further study and incorporated In a new bill the asso-|sessions, clation haw prepared, which is-called the MacChesney act, It embodies the bept features of the Illinols, Tennes- basis for state enactments and, of course, should be changed where necessary so that it will conform to the law been which became the(In a nunmr of states basls for a number of the laws en-|first presented was defeated Experience In administration | legislatures but with more observation | consideration and’ evi ¥y showed that several changes in the|public support the leglslatures bill were advisable, These have been |taken favorable action JAPANESE SUCCESS Tokio, Nov, 7.—8ince see, California, and other laws. The ) act was prepared to be used as the ;':""':f dor,:n:lfil:lp:o:l‘l‘:):u:n‘:’ct‘.h‘u’::av in the last session of the Diet, has o reaped fruitful results, i ed that since thé act became effactive its enforce. 1t is report- ¥ local statutory requirements. 99,146 members of young men's adso- members, are preparing to co-operate protection of the public from Incom- with other realtors .throughout the|ypetent and irresponsible brokers and state to have a new bill ereating real | yajesmen estate comimissions and to real estate brokers and salesmen In-'tho profession, d secondly to raise the practice and ethics of license | standards latory measures are effective declare themselves highly pleased with the results, Tt {s significant that in no state where a license law has been Realtors of states where such regu-| o o0 throughout league in support of ‘REG-U-S:PAT: OFF: A GUARANTEE OF QUALITY Long before the days when one could step into a drug store and buy a medicine, already compounded and neatly packaged, many of the fine old New England physicians were using in the treatment of their cases the same remedies which now are sold under the Winsol trademark. For more than three-quarters of a century the medicinal preparations made by B. O. & G. C. Wilson have been safeguarding the health of New England— And the reason you can buy these splendid medi- cines in any drug store today is because they proved so unfailingly helpful that the story of the effect of their use spread from one person to another, creating a demand for them that has grown rapidly with the years. As far back as 1845, when the drug business of B. O. & G. C. Wilson was housed in a small store in Central Street, Boston, peaple sent from all over New England to this little shop for the goods the Wilsons prepared so skillfully from the formulas which, even then, physicians had been using successfully for 25 years, Physicians today are prescribing the Winsol remedies they have always found so beneficial, ' GUARDIANS OF THE PUBLIC HEALTH Before the Massachusetts State Board of Health established its present well-equipped laboratory, ‘}:ow- dered drugs prepared by the founders of the Winsol business were adopted as the State standard of purity. This distinction was peculiar and significant in that it was enjoyed by no other house. And, when the United States Pure Food and Drug Act went into effect in 1906, to meet the new require- ments, not a single change in B. O. & G. C. Wilson preparations or labels had to be made. Winsol products could not be better or purer than they already were. Now, druggists everywhere sell these same reme- dies—which members of the third and fourth genera- tions of the Wilson family still compound according to the old, time-tested formulae, and with the same care that earned so remarkable a reputation for B. O. & G. C. Wilson products in bygone days. When you want a tonic, liniment, cough syrup, toilet goods, a hot water Lottle, or any drug specialty, insist on Winsol products. They are absolutely guar- anteed by a house known for over three-qudrters of a century for the purity, high quality and proven efficacy of its medicinal preparations, and for fair and square dealings in every transaction, Every Home Medicine Chest Should Contair ! {europathic Drops One of the famous Winsol preparations which had been used in a physician’s private practice for 25 years before it was prepared in quantity by B. O. & . G. C, Wilson and placed at the disposal of the public, And it has been known and used by the public in England, Canada, Australia and the United States for seventy-five years or more, There should be a bottle of Neuropathic Drops ing every home, for it is a powerful, quick acting stimulant, made from the finest vegetable drugs, and absolutely {rce from opium and other narcotics or harmful drugs. Neuropathic Drops will break up a cold and pre- vent grippe, influenza and pneumonia. Used both ex- ternally and internally, it is an excellent remedy for sorethroat. It quickly and safely relieves colic, cramps, etc. Applied externally to burns, it removes the fire and sting in a few minutes, and prevents blistering. It gives immediate relief from the pain and irrita- tion of ivy poisoning and insect stings; helps heal indo- lent sores, is an unexcelled liniment for sprains, strains and bruises. In fact, wherever inflammation is present in any form, Neuropathic Drops is an ideal remedy, and has justly been called “the remedy of a hundred uses.” To Test for Yourself the Efficacy of Winsol Medicines, We Sanalt---The Sensible Tonic Physicians generally acknowledge that 95% of human ailments is caused by intestinal toxaemia, or auto-intoxication—the absorption into the blood-stream of poisonous substances which should have been elim- inated from the system, The continued absorption- of these poisons ulti- mately causes Arterio Sclerosi$ (hardening of the arteries), rheumatism, Bright's Disease and diabetes. But Sanalt, by gently removing the cause, has elim- inated many of the ills caused by long standing cases of intestinal poisoning. ~Sanalt is another of the Winsol preparations with nearly a century of cures to its credit, Being compounded of the most valuable vegetable alternatives known to medical science, Sanalt acts on both the secretive and excretive organs, stimulatin, digestion and assimilation of food, and elimination o harmful waste matter, thus cleansing and purifying the blood and thoroughly revitalizing the body. Cerizane Balsam---for Coughs Not a syrup, but a balsam which aids expectora- tion, relieves the feeling of tightness in the chest, re- moves congestion from the lungs and imparts strength and tone. Healing and soothing. Contains no opiates, narcotics nor other harmful drugs. Will Send You, Free, a Sample Bottle of Neuropathic Drops That you may judge for yourself, at"first hand, by actual test in your own home, whether the claims we make for Winsol pro 'ucts are true—that you may have personal evidence that Winsol medicines are effective an | quick to relieve, we will send you, without charge, postage paid, a sample bottle of Neuropathic Drops, in return for this coupon, or a post card or letter giving your druggist’s name, Use the Drops as directed on the sample package, for any accident or ailment mentioned therein, Winsol line. Then judge any Winsol product by the result of your test of this one member of the Send for this free sample today, and keep it handy in case of need. B. 0. & G. C. WILSON, Inc., 192 Cambridge S.reet, BOSTON, MASS. Winsol remedies contain no opiates, narcotics nor harmful dn‘un. Winsol means—y>ur satisfaction or your money back. To WhOle‘ale Winsol Agent. Winsol g ing the Winsol line is not confined anywhere to the (COUPON; B. 0. & G. C. Wilson, Inc,,/ 192 Cambridge St., are sold Boston, Mass. drinking prohibition movement, Japan ‘and its colonies have joined the anti-alcohol and Reuil Dm‘gi’t‘ in the open market. Any jobber can et them direet from us. Any dealer You may send me, without charge and postage RENAULT ON KAYO le bottle of Neuropathic Drops. (Cou- NONE SUCH MINCE MEAT “LIKE MOTHER USED TO MAKE" MERRELL-SOULE COMPANY BYRACUSE.N.Y. Trenton, N. J,, Nov. 7.—Jack Re- nault, Canadian heavyweight cham- pion and sparring partner of Jack Dempsey, knocked out Jack Hyatt of Baitle. Creek, Mich., last night in the second round of an eight-round match. WILBUR GOOD 1S RE-ENGAGED Kansas City, Nov. 7.—Wilbur Good, appointed manager of the local team of the American Assoclation at the middle of the season last year, will manage the team pext season, can get them from his jobber. Druggists and drug jobbers awake to the selling possibilitics of established line of first.cl; pechaltios in N. fi:‘ o ore Toing bard with Witsey 1o di ties in New England, are joining ha t] insol in in- reasla oo Rl gy P ol Yook 'ul merchandising idea backed by the most ag creasingly large numbers. write your jobber. Get in on this big and suce: today. merchandise, group of Strect address. Town and State....... paid, a sam| pon MUSprc filled out in FULL). Your name.. e s e e e S - Ay ArUGGISt'S NAME (S e o s i