New Britain Herald Newspaper, August 17, 1923, Page 14

U. S. BUSINESS HAS FRIEND 1 AT WASHINGTON, SAYS BABSON Wellesley Hills, Mass., Aug. 17.— Knowing that Mr. Babson is a neigh-/ bor of President Coolidge, he has been continually asked during the past two weeks to make a statement as to the probable attitude of the new presi- dent toward business. Mr. Babson has, however, refused to do so until today, believing that it was no time to talk business, and furthermore that President Coolidge should be per- mitted to make his own announce- ments. Now that the president has done so Mr. Babson has answered the question put to him. “President Coolidge will be found to be a true friend to the agricultural industrial, and commercial interests of the United States,” he says, “he is the first president to ever have had a thorough economic training. While at Amherst college he majored in eco- nomics. Ever since graduation he has devoted a large part of his time to economic research. Those who have heard him speak or have read his books recognize the thorough ground work which he has along eco- nomic lines. The country is very for- tunate to have a president who poss- esses this background. Other presi- dents may have possessed certain qualittes which President Coolidge lacks, but none have equalled him in Judgment and ability to handle the great economic agricultural, indus- trial, and commerclal problems today facing our country. “Manufacturers may feel very safe with President Coolidge, owing to his training and environment. William M. Butler, whose name has been so constantly in the papers the past two. weeks, is the head of the great group of Butler Cotton Mills in New Eng- land. These mills are located in New Bedford, North Adams and elsewhere and employ about 5,000 operatives. Mr. Butler is also president of the Boston and Worcester street railway, & high-speed, double track, electric line operating between Boston and ‘Worcester, which is the most success- ful interburban line in New England. Mr. Butler combines a legal training avith a practical business experience, and from him President Coolidge has absorbed a tremendous amount of in- dustrial experience. President Cool- idge’'s closest person friend is Mr. Frank Stearns, the head of+R. H. Stearns and company, one of the larg- est department stores of New KEng- land. Mr, Stearns is'a merchant who not only thoroughly understands the commercial world, but purchases a good deal from Europe. Most of our presidents have been trained in legal or political life without being thrown into contact much with practical busi- ness men. President Coolidge has continually been in an industrial, commercial and agricultural environ- ment. “On the other hand,” continued Mr. Babson, “President Coolidge also understands the problems of the masses. He himself was' born poor, has always been poor and is poor. His father was born a Vermont farm- er and is one yet. President Coolidge was working in the hay field the day before he became president of the United States. e last time I talked with him he wias especially troubled with the condition of the western farmer. Our conversation covered a broad field but he continually came back to the problem of the farmer and said, ‘We must do,something for the western farmer. What is the san- est and best thing we can do?’ No one better realizes than he that agriculture is the basis of American prosperity and that with thirty-three million people dependent upon agri- culture for their income we must have prosperity in the west before we can have it in the east. . “The home life of the new president was {llustrated by the news item which appeared in the papers on the eventful morning of Friday, August 3.’ The Associated Press dispatch read: ‘Mr. Coolidge came downstairs in his slippers, entered his father's sitting room, lit the lamp, and read the telegram telling him that he was president of the United States.” Those simple words, ‘slippers,’ 'sitting room," ‘lit the lamp,’ tell the whole story. Business has nothing to fear from the man with that environment and with such friends. Moreover, best of all, he is grounded on those funda- mentals of rcligion which put the church and the home before even agriculture, labor, commerce, or any- thing else. “This means that the agricultural and business interests may feel safe regarding the White House. Regard- less of what selfish politiclans may attempt to do in congress, there will be a sane man at the wheel. Uneco- nomic or unjust legislation will only be passed by riding over President Coolidge's veto, He plans to help the farmer; but will not permit the Esch- Cummings Transportation act to be repealed or crippled. He will do something for the veterans, but will not permit the passage of a bonus bill which will be harmful to the na- tion as a whole. He will stand for strengthening the Federal Reserve board, the Federal Tariff commission, and other bodies working along sound economic lines, but may be expected to frown upon an unnecessary coal shortage or an attempt by organized labor to hold up the country or upon any legislation’ which endeavors to make water run up hill. “For these reasons there has been a greater confidence among American business men the past week than cur- frent figures indicate. Although the Babsonchart is 99 below normal, this decline is largely due to conditions in Europe and to fears of foreign bank- ers and foreign business men, who do not know President Coolidge. Furth- ermore, whllz we have been busy thinking durifig the past three weeks only of our president, great events have been taking place in Europe. The newspapers have been unable to give this European news much space. I refer to the incremse in the German bank rate to 30% and certain other radical changes. These changes have caused the Babsonchart to decline and have influenced our domestic stock and commodity markets, When, how- ever, these Buropeans understand President Coolidge, they should re- sume the buying of commoditiés and securities with a faith equal to that being shown by the financial and business interests of our own coun- try.” ANCESTORS DEPICTED Baron of Cromwell Whose Forefath- ers Were Once in the Favor of Henry VIII London, Aug, 17.—England’'s new- est peer is the Baron of Cromwell, who has just been summoned to the house of lords by order of the king after the title has been in abeyance for 469 years. The new peerhn Robert Godfrey Wolseley Bewicke-Copley de Crom- well, created a baron in 1375. The last baron to hold the title died in 1454. He was the son of the fam- ous Thomas Cromwell, the black- smith’s son who succeeded Cardinal Wolsey in the affections of Henry V1II, and who is made more famous by Shakespeare in his “Henry VIIL" A Rare Opportunity HE UNIVERSAL ELECTRIC WASHER Only One Price—Until Aug. 25 THE TIME PAYMENT PLAN AT THE CASH PRICE Only $7.50 Down—Balance in One Year FREE HOME TRIAL The CONNECTICUT 92 West Main St. LIGHT & POWER CO. Tel. 230 NEW BRITAIN DAILY HERALD, FRIDAY, AUGUST 17, 1923. STATISTIGS SHOW SLIN MEN LIVE LONG Over Weight at Thirty Proves Dangerous in Later Lile New York, Aug. 17.—Thirty is the magical age in the health develop- ment of the ordinary person's life. At thirty he is supposed more nearly to approach the normal. Under thirty he may well weish a number of pounds above the avérage called for in the standard height, weight and age tables, but after thirty the long- est life span prevalls among those whose weights are unformly below the average, according to figures com- piled by the Metropolitan Life Insur- ance company, of tyls city, and given out by the American Child Health as- soclation. The association asks everyone to keep track of his or her weight, and to remedy any excess by diet and right living. In a statement accompanying the figures Dr. Louls T. Dublin, of the in- surance company, Wwho compiled them, says: § “After thirty, people Wwho weigh less than the average have a better chance for long lite, the records of the insurance companies shoy. After this age it is a decided advantage to be slight and a serious handieap to gain materially in weight; provided, of course, that the light weight is not the result of a sudden loss in weight which may be the result of organic disease.” “But the weight tables posted on public scales,” he continues, *should not be taken too literally. Young per- sons may well weigh a number of pounds above the average called for by the tables. An excess of ten pounds is associated with the most favorable conditions among people between twenty and twenty-five ycars old. “The public should realize these facts and accommodate their habits of diet and exercise to them. In America we eat too much and too well. The oriental coolie and the European peasant do an enormous amount of physical work on a meagre diet. No one advocates a return to primitive conditions or to lower standards of living, but it would be well for us to keep in mind the exact requirements of the adult body. We should recognize that when we have grown up we no longer need food for growth, and that for the replacement of burned up tissues we need only about 2,500 calories a day. This is equivalent to two very light meals and one hearty meal a day. Let me iHustrate with a menu for an entire day for an active adult which will contain the required 2,500 calories. For breakfast he may have a small average serving of cooked fruit or an apple or an orange , a serving of cereal, a slice of bread or one muffin PUBLIC OFFERING or rolll with butter, a cup of coffee with sugar and eream. This will con- tain about 600 calories. The luncheon may consist of a salad, bread and but- ter, a choice of coffee, tea or cocoa, with sugar and cream and a dessert. This will account for . 650 calories. The important meal of the day, or dinner, may consist of a soup, an av- erage serving of meat, potato two green vegetables, bread and butter and a dessert. If average portions are served, a total of about 1,200 calories will be included. This would make the total for the day approximateiy 2,800 calories. “If more people chacked their dist to the reasonable limit of their body requirements, there would bs a great improvmeent in the general halth of the nation.” MORE TRAFTIC ON MISS, Freight Transportation Resumed Aft- er a Four Year Layoff. Molipe, Ill, Aug. 17. - With four new motor barges, freight traffic on the Mississippl’ between St. Paul and St. Louls will begin soon after a lapse of more than four years, the River Transit company of 8t. Paul has an. nounced. , ‘ Freight hauling will begin not later than September 1, The motor barges on their routs be- tween St. Louls and Bt. Paul will cover 689 miles. Ninety landing places are tabulated on a list. The boats will have a 100.ton cargo ca- pacity. » g Fish of the surface of the ocean cannot Mve at the bottem because un- acoustomed te the greater pressure of the water, which is weveral tons to the square inch. Nearly Everyone Uses‘.Paint Our Big Annual August PAINT SALE ALL OUR HIGH GRADE STOCK OF PURE PAINT Including the World Famous LONGMAN & MARTINEZ PAINT (Sold in New Britain since 1890) : Will Be Included in This Sale Offering: Reg. price Longman & Martinez Pure Paint, ......... per gal. $4.25 F. O. Pierce Co.’s Agate Paint . 1 per gal. $3.00 A Splendid Barn or Fence Paint ........... per gal. $2.50 Sale price $3.30 $2.35 $1.90 A Very Special Discount Will Be Given On BRUSHES During This Sale PAINT—PRESERVE—PROSPER If'it takes 10 gallons of paint to paint your house, buy— Sale price 6 Gallons of L. & M. Paint at ............... $3.30 per gal and 4 gallons of our pure Linseed Oil at .... $1.20 per gal. which will make 10 gallons of the most durable paint possible to buy at a net cost of only $2.46 per gallon, : g CAN YOU BEAT IT? ~ The John Boyle Co. 3-5 Franklin Square Paint Engineers The City’s Leading Decorators LIBBY & LIBBY COLD STORAGE COMPANY d Tranatar UNTTED STATES CORPORNTION S0 New York ciy LIBERTY TROSE €., Boston, Mass. Capitalization, 100,000 Shares. All No Par Value. (A Massachusetts Corporation) Full Paid and Non-Assessable A Service Corporation [ Serving the needs of the (1) Public (2) Merchants (3) Farmers (4) Fruit Producers (5) Meat Packers (6) Shippers Situated in the Heart of New England’s Greatest Market Centre to operate Cold Storage Plants and Extensive Underground Refrigerating Pipe Lines. _ These pipe lines represent a revolutionary method in the science of refrigera- tion and should prove a source of very profitable income to the Company. A Business Unique in its Scope (a) Low operating costs (b) Small manufacturing expenses (¢) No inventories (d) Deals in a fundamental necessity— Preservation of Food for the Mer- chants, Shippers and Packers. Safety through Stability The business in which the Libby & Libby Cold Stor- age Company 15 engaged ss not affected by depressions, chmatic conditions, or price fluctuations. The Company 15 supported by the largest facéer.r and producers m the country under most favora, Profits le conditsons. from Service The cold storage business provides a service of great necessity to the public, merchants, fruit gsowers, meat packers, etc. greatly stabilized food he utilization of col 2 f storage has prices and improved the meat and produce business of the country. Earnings of the Company are limited only by its ability to expand plant and pipe line facilities. The Company is assured of con- siderable business as evidenced by pledges from the Packers and Merchants. Thorndyke Marsh & Company, 148 State Street Boston, Massachusetts Gentlemen: Without any obligation on my part, I would like to secure a‘ddmmul information regarding the investment in Libby & Libby Cold Storage Co. referred to in your adver- tisement. [ L OSSR S— Street Address... Lagality of all procseding incidant to this issns has besn pessed and approved by Messrs. Hardin & Hess of New York City Now Offering 60,000 Shares It is the opinion of authorities and of officials of the Company that on the completion of the present financing, the sale of the 60,000 shares, and the installation of the new equipment,’ there will be a profit, when the plants are in full operation, from the cold storage and the lucrative pipe line servise, of over, 8390,000 annually, after allowing for depreciation, and, conser- vatively figured, a return of from 18% to 24% in annual dividends. For the purpose of expansion, The Libby & Libby Cold Storage Company is offering a limited portion of its capitalization to the public, Conservative Capitalization The Company is conservatively capitalized for 100,000 shares'of no par value stock. Only 60,000 sharesare available for subscription at the presenttime. The Companyhasnofunded debt or preferred stock, and all dividends accrue to holders of this class of stock. Cold ashare. Subgeet to prior sale, we offer Libby & Libby torage Company stock at $12 ing, and to allot all or part of the subscriptions received. The price of the stock is subject to change without notice. The right is reserved to withdraw this offer- l i Additional information will be gladly sent upon‘ request. Simply fill out and mail the attached coupon. DO IT NO before you lay your paper down. THORNDYKE MARSH & CO. 148 State Street * Investment Bankers Bosten, Mass. ' Restless N ghts? When Coffee disagrees Drink Postum There's a Reason” PITTSBURG LION “GAS WATER HEATER This is your opportunity toget a Pittsburg LION at a wondess fully reduced price, The whole thing only comes to $30.00. You pay $5.00 with your order and we connect the heater to your preseat range boller ready for service. 'The balance is payable in easy monthly payments of $5.00 & month with your gas bill, With a Pittsburg LION all that you have to do is light the guas. In a Jiffy hot water comes a-running. No more kettle lift- ing from stove to sink, up to the bathroom and down to the laundry. The heater is guaranteed and built by the largest and oldest manufacturer of cofl water heaters in the world. It's standard, scientifically designed and will last a lifetime of hard service, There are only a few left.. Get your order in today. Xf you can’t call, write or phone and your order will recetve fne stant attention. C.J. LEROUX 174 ARCH STREET Telephone 1336 ®} ir's done with beet, you @8w do it bettor with peu™