New Britain Herald Newspaper, January 5, 1923, Page 10

RUG Discontinued Patterns of Celebrated WHITTALL RUGS In All Grades And in All Sizes KLEARFLAX LINEN RUGS —Also of— Discontinued Patterns of Celebrated BRUSSELLS, AXMINSTERS and WILTONS At Genuine Big Reductions de Nemours and Co., Inc. 50, $20,- WANTS NO POLITIGS | MIXED WITH LABOR Treasurer of I, T. Union Denies Political Action 4.—Political Indianapolis, Ind., Jan the dom action should never haecome heed crs would indicate that some persons | think it is and the people will| not he for their foes. Money pression in the ha as power for op-| s of umhmkinn.“ ernment aimed to safeguard | L ieipation in politics by the Tn-| Typographical union for nt will be confined to sup-, plying members with data intended to | ch candidates for office are| New show w York, the wisest, fairest and least likely rn;“mm Pr " ain after stock dividends were ‘de- | clared. The big Standard Oil com- ! This is not a government of ] E the sword, although recent actions of | Attorney neral Daugherty and mh-“ | panies were among the first to .- crease their capitalization and declare , | dividends in stock, and then the move- discovering who are| ment became general, The Standard Ofl of New Jersey on v g o | announcing an Increase in capitaliza- tion of $515,000,000 and a 400 stock dividend, stated there was no reason to believe that the old rate of dividend maintained on the new italized surplus of the company rep- resented undivided profits of many years that had been returned to the business and was held as property of Mal]y Chaflges in POliCy ;:“'gl‘”i'vl Illwwus declared that the cap- Jan. 5 (By the Asso- s)—Increases in capital ket price of their stocks within the reach of their employes and the gen- eral public and cause a wider distribu- tion. A list of companies which have in- creased their capitalization $10,000,- 000 or more, and the percentage of stock dividends paid on common stock outstanding, follows. In many in- stances the amount newly capitalized was not paid out in full as a stock dividend. Standard Oil of N. J., 400, $515,000,- 000; Standard Oil of N, Y., 200, $150,- e 7 000,000; Standard Ofl of Cal, 100, $135,000,000; Standard Oil of Ind,| 100, $110,000,600; Guif Ofl Corp., 200, $80,000,000; Magnolia Petroleum Co., 50, $60,000,000; Praide Pipe Line Co., | 200, $654,000,000; Ohio Oil Co., 300, | $45,000,000 Vacuum Oil Co., 800, $45,- 000,000;®Atlantic Refining Co., 900, $45,000,000; Prairie Oil and Gas Co., 200, $40,000,000; Union Oil Co. of Cal,, 80, $40,000,000; National Biscuit Co,, 76, $30,000,000; Victor Talking Ma- chine Co., 600, $30,000,000; Singer Mrg. Co., 33 1-3, $30,000,000; Du Pont 000,000; R. J. Reynolds Tobacco Co,, 33 1.3, $20,000,000; Pacific Mills, 100, $20,000,000; National Fuel and Gas Co., 100, $18,000,000; Great North- ern Paper Co., 200, $15,700,000; Inger- soll-Rand Co., 100, $15,000,000; Stude- baker Corp. 25, $15,000,000; Packard Motor Car Co.,, 100, $12,000,000; Union Tank Car Co., 50, $12,000,000; Hercules Powder Co., 100, $10,000,- 000; Scovill Mfg. Co., 200, $10,000,000; Union Natural Gas Co., 75, $10,000,~ 000, jall kinds necessary to the transaction of the company's business. Only a small part of the surpius was repre- sented by cash, it was asserted. Many of the stockholders receiv- ing stock dividends on their holdings found, in effect, that they had received the equivalent of four quarters for the dollar they had held before, as there was no prospect of receiving more cash dividends in the future on their increased stock holdings than they had received previously. The general belief in Wall street is that the reason for the great number abor inlfall under the domination of those stock of several hundred e i who would exploit farmers, workers| A ral:hundred sbFporAtiohs . OtheP prodineres [in the last three months of 1922 e amounted to more than $2,000,000,000 l‘nn'l indications are that the total soon SEEK WORK ABROAD | will be great increased. Nearly all of these increases have been distribut- ed to stockholders in ‘stock divi- Iabor to| PAnish Laborers Are Now Able To| dends.” abor to 5 | The Standard Oil companies and of some Look For Opportunities in ‘\“‘“‘muhslnnarirs have led th,,p”“ in the | size and amount of their stock divi- {dends. The industries involved have inciuded safety razor companies, cot- ton mills, banks, insurance companies, {nant purpose of organized the opinion of J. W, Hay treasurer of the Interna graphical union, according tc ment issued at the union headqu ters here in answer to numerous quiries as to the organization’s B in connection with the “progressive movement.” “Necessity has compelled undertake the achievement defensive and some reform legisi measures,” said Mr. Hays, ' does not mean that the t DRASTIC REDUCTIONS OF WHITE GOODS AT OUR JANUARY CLEARANCE SALE DOMESTICS and LINENS DRESS GOODS agua And Columbia Copenhagen, Jan. 5.—Owing to the union is becoming radica contrary, we regard ourselv servatives with exeremists sides. What political course will b serve to protect the interests of labor is a matter in doubt at this time “One thing, however, is certain Congressional blocs are going to con tinue doing business in American poii ties. And labor is going to develor strength in that way, if efforts of la btor leaders, T knw, count for any- thing. Objectionable as blocs may br to some politicians, they are a na tural development. Geographic rep resentation, alone, no longer serves fc give voice to the aims of divers classes and interests of the country. “The prime purposes of a labor union are economic, benevolent and educational, but whenever an organi gation finds itself unjustly limited in accomplishing these purposes, it must strike back. The progressive bloc in congress will have our hearty sup- port in efforts to bring about the re- peal of the Esch-Cummins act and tc end rule by injunction. W I1so fav or election of president vice president. “Threatening the continued devel- opment of America we have two widely separated elements. One, the so-called radicals, would pull dowr con- on both and | many functioning institutions without any very clear ideas as to how fo re place them. The other, the powerfu speclal privilege class, would continue exploiting the nation until theis course brought about their destruc | tion. | ‘Government to bhe stable | enough, “Danjel Webster once stated thi eonclusion: ‘The form of government {8 determined (except where the sword rules) by the nature and dis tribution of property.’ And further must be founded on men's interest. True and unless it is desired fo | turn this country into an incubator of goclalists the interest of every kind and condition of honest men mnust considered. As Webster concluded Unfversal suffrage is incompatible with great inequality of wealth.' “The last contains a warning which the leaders of America will do well Why Suffer From Rheumatism When Our Local Druggists Sell Rheuma on the Money-Back Plan If you suffer from torturing rheu- matic pains, swollen, twisted joints, and suffer intensely because your aystem is full of uric acid, that dan- gerous poison that makes thousands helpless and kills thousands years be- fore their time, then you need Rheu- ma, and need it now. | Btart taking it today; in 24 hours| it will begin to act on kidneys, liver, stomach and blood, and you can sin- | cerely exclaim: “Good riddance to bad rubbish.” Many people, the most skeptical of | skepties right in this city and in the' country hearabouts, bless the day | when The Clark and Brainerd Co, | with characteristic enterprise offer- | ed Rheuma to the afflicted at a small price and guaranteed money refunded it not satisfied. If you have rheuma- tism get Rheuma today. | industrial depression and unemploy- | nent in Denmark, an organized emi- ration plan has been worked out by Nicaragua and a under which these countries | t Danish immigrants and | b¥ ve them assistance in settling. Another similar agreement is pend- ng with France, under which Den- mark will participate in the coloniza- | ion of Madagascar. According to he plan announced in the Danish yapers, France has made an offer to itart public works to he carried out sy D engineers, to undertake orest work with Danish labor, and to nlace land at the disposal of Danish | armers. The Danish settlers are to he permitted to organize their own schools and communities so as to re- tain their nationality. A committee of French and Danish xperts will go to Madagascar to in- tigate the plan, after which the Danish Ri ag will consider it. » government with “olumt THESE machine shops and concerns. ranged from two per cent of the out- standing capital stock of the corpora- | tion to a 1400 stock dividend declared the Whitin Boston. The big movement to capitalize the surplus earnings of corporations begin last October when the Guif Oil Co., of | New Jersey, { form the Gulf Oil Company, of Penn- sylvania, and give stockholders in the old company an equal share in the new company and a 200 per cent stock dividend. Andrew L. of Secretary of the Treasury Mellon, is president of the company. This was followed by rumors in the financial districts that other big oil | which taxes have already been paid companies and corporations were con- templating stock dividends after capi- talizing their large surpluses. quotations of those companies sharply, but almest invariably fell off | in order, it was said, to bring the mar- of stock dividends declared is that companiea with large surplus eéarn- ings feared legislation designed to levy on thei~ surplus capital in the near futnre. There was a referendum in Switzerland last fall on a proposal to nake a capital levy on corporations and wealthy individuals, While that was defeated by an overwhelming popular vote, the capital levy is still being advanced as a means of assist- ing government finances by radical elements in Great Britain, and there has been talk of similar measures in this country. Spokesmen for the Standard Oil companies have stated that their com- panies have always been capitalized and that the surplus earnings on manufacturing The stock dividends have Machine Works of announced its plans to Mellon, brother were turned back into the companies’ business; “plowed under,” it is term- Stock | ed. Most of those companies have de- rose | creased the par value of their share DINING ROOM SUITES Are More Than Attractive Every woman wants an attractive Dining Room Suite but she wants it to be more than just attractive. She wants it to be dignified without seeming cold. She wants it to reflect the hos- pitality she extends to her guests. She wants it to be convenient, and of the best quality and workmanship. We are giving you all that in this fuiniture now at the most reasonable prices. Each suite is just different enough’in design to make it dis- tinctive. C. C. FULLER CO. 40-56 FORD ST. HARTFORD Y Hesmlstitched Pillow Cases 45x36. ale Price ... Bach 49c uck Toweling, Sale‘fl’rilte. § .dzsll(‘ards 25c 45-in. Lockwoo eet- i i(l;g, Sglle Erice, Yard 33c adies’ Cloth, 36-in. Sale Price ..... Yard 21 c Pacific li\dills Cotton Cloth, short lengths. Sale Price ... Yard 1 Sc Frsui% of the Loom Pillow Cases. ale Price ......... Each 33C Extra large size Turkish Towels, fancy and silk stripe borders. Regular $1.35. FSl?lg_Prii:;d......... 890 ull Size Be: Spreads. Sale Price $l '98 9/4 elxtra fine quality Sheeting. Sale 5 Pric%l.....l .. Yard 53C 7-in. Flannel. Sale Price .. 2 yards 250 Sh{),rtl Lengths 6(;urt:;in Scrim. alues up to 65¢ yd. Sale Price ...... Yard 15¢ BED COMFORTABLES Made of pure white cotton, sateen covered very preity pa}tel\ . Regular price $7.98. Sale _Er_ice $5'98 Ladies’ White Hose. Sale Price ..... Pair loc Ladies’ Envelope Chemise. To close out. 7 5 c T R AR Ladies’ Night Gowns. To close out ... Each._sgc Children’s Stockings; ¢ very good quality, pair 2¥9c 95¢ Boys’ Heavy Ribbed Union Suit_s 186 MAIN ST. revails Price 56-in, All Wool Skirtings. Reg. prices up to $4.50 $1 2 5 yd. Sale Price, Yd. 56-inch All Wool Tweeds. Sale ik $l ‘29 Price ;... 56-in. All Wool Coatings. Reg. up to $5.98. $ 1 .9 8 A lfil‘g I;rg:e, ll(ard ool Camels’ DHnir vSll(irtings $ 1 . 75 Up ress Velvet. Sale Price .. Yard $l -98 Regular price $2.50. Striped Ratine. Sale Price .... Yard 45C Regular price 98c. Jersey Shirtings. Sale Price .... Yard 390 t2-in, il wool Mingo. §°1 45 Cloth. Sale price, yd. . 36-Si:ieCanton Crepe. All colors. 40§:fcél{a|._|:meuse. Yag 163 ; 40-Si:lcehpri§f1’si§::ge C 1'.e pe Price .......... 9249 Another Shipment of those NASSAU BLANKETS Just Received we were very sorry that we could not supply LAST WEEKS DEMAND but now that we have more we shall place them on sale again for $2.59 Get some hefore they are all gone BLOOMBERG’S Where Quality P Y. M. C. A. BLDG.