New Britain Herald Newspaper, September 1, 1923, Page 16

' - BOOY ADVOGATED - Madden Favors Measures o Sta- * bilize Wheat Prices Springfeld, 111, Sept. 1-—Creation by the United States of a nationw wheat corporation which would es- tablish a basic minimum price foi all American wheat, und employ other measures for stabilizing the wheat market is advocated by 1. A Madden, farm adviser for Sangamon county, and well known In Illinols us & farm authority, “Allowing the surplus of American wheat to set the price of American farm crops must stop if the farmer s to be saved from ruin” sald Mr, Madden in outlining his plan “The United States should charter & national wheat corporation and ap- propriate sufficlent funds for working capital. This corporation should then establish a basic minimum wheat price for all American wheat offered at the basic minimum price, then the national wheat corporation should step In and buy wheat “Untfl conditions are more stable in foreign countries, the wheat ex. ported would have to be sonl at less than the basic minimum price, To make up the loas sustained on ex- ported wheat every bushel of wheat marketed should be assessed with a differential tax. This tax would vary | with the surplus produced, If the basic price’ was such that there was an overproduction, then the tax would lower the farmers' price to where over production would be dis. couraged, while if there was a short- age of wheat the tax would be less- ened and production stimulated. *“This plan would not interfere with the present grain trade, with the development of co-operative market- ing, nor with the chance of a price above the basic minimum to the far- mer who chooses to hold his wheat until after the harvest rush, It would, without subsidizing agriculture, put the labor and capital of the Ameri- can farmer on a plane with the capital and labor of other industries “It would eliminate market gluts due to overproduction placing the burden of overproduction entirely upon the farmer. The consumer of wheat in the United States would be asked. to give the farmer an equaul chance. Only the extremely selfish would deny this. “Approximately six hundred million bushels are consumed at home and two hundred million bushels are ex- ported. This surplus is a millstone around the neck of agricultural prices.” ‘The suggestion that American citi- zens should be induced to buy wheat ‘was denounced by Mr. Madden, who said this plan would only aggravate the situation because, “it increases the amouht of the surplus held .in America, which sooner or later will cause prices to fall to lower levels,” " CHOICE OF KMBASSADOR Belief 1s That R. P. Craeger of Texas Will Be Named as U. S. Represen- tative There, Washington, Sept. clreles here regard it as probable tbat R. P. Craeger of Browhsville, »;0!'5 will be named ambassador to +# i 10.—Official ‘flu. He was the choice of Presi- e arding and his recent confer- here with President Coolidge #aid to have resulted in favorable copsideration of his name by the pres- ent chlef executive, Recognition of the Obregon govern. ment by Great Britain, France, Bel- gium and Cuba is expected as an FOR SALE Two-family house on Lawlor street; improve- ments. COX & DUNN 272 MAIN ST. ten rooms; We Clean Everything Under the Sun | General Housecleaning | A Specialty NEW BRITAIN WINDOW CLEANING CO. 338 Main St.—Tel. 888 Stromberg Carburetor A. G. Hawkerv | RN Grods Porsitre | | | | RUGS AND FLOOR COVERINGS | Sole Agent for PREMIER RANGES A. D. LIPMAN 82-34 Lafayette St Tel. 1320-2 CINDERS FOR SALE A. H. Harris —General Trucking— #0 WEST ST. TEL. 1233-3 | CROWLEY BROS. INC, PAINTERS AND DECORATORS 267 Chapman Street \ TEL. 2913, Eaflml\« cheerfully given on all fobs | NEW BRITAIN DAILY HERALD, SATURDAY, SEPTEMBER 1, 1928, Another Strand Across the Sea Here 18 the start of the laying Rockaway, N, %, Despite the be_the longest and fastest. carly consequence of the formal re. sumption of diplomatie relations be- tween the Untied States and Mexieo, THO OIL G0, ORFIGIALS CONVICTED OF FRAUDS Black Panther Promoters Found Guilty of False Statements of Concern's Wealth, Philadeljhia, Sept 1,~—Max Friedell, of Marion, Ind, Harry E. Lindley, ot Harrisburg, Pa., president and treasurer, respectively, of the Black Panther Ok and Refining com- pany, were found gullty of charges of conspiracy, ‘false pretense and clreu- Jation of an erroneous statement as to the financial condition of the oil com- pany, by a jury in quarter scssions court. I'riedell and Lindley had been ac- cused of fraudulent conversion of more than $1,260,000 of stockholders’ money. Indictments against Reuben Douglass, of this city, on the same charges, were dismissed by the court last Monday. Pending argument for a new trial the sentence of Friedell and Lindley were deYerred. In the course of the trial, which lasted eleven days, the prosecution es- tablished the fact that estimates of the production of Black Panther Oil properties had been exaggerated in statements circulated among stook- holders and prospective stockholders. From three to four thousand investors in the company had been “duped,” it was declared by Assistant District At- torney Schofield. Friedell was arrested in Los An- geles, last October. He and Lindley have bgen incarcerated in prison here in default of bail. Mrs. Nina Pearly Friddle of Mun- cle, Ind.,, who Friedell admitted yes- terday was his first wife, declared that the former president of the oil concern ‘‘knew very well” that she had never been divorced"from him. She said it depended on her attorney whether Friedell would be charged CLAMS FOR CHOWDER CLAMS FOR STEAMING SHRIMPS—CRAB MEAT SOFT SHELL CRABS LOBSTERS Dining Room Connection HONISS’S 24-30 STATE STREET Hartford —DRINK — AYERS’ SODA WATER Take home a bottle of cream soda ~Something you will like—it's deli- clous, Three size bottles—3c, 10c, 15e. 59 of the eighteenth cable connecting the United States and Ei y increasing use of radlo, popularity of the cable still grows, l:m :?". OI:: will Far with bigamy. Friedell also admitted yesterday that he had at one time spelled his name “Friddle" SOVIET WORKING ON NEW MONEY SYSTEN Elimination of Rubles Is End Worked Toward Moscow, Sept. 1.—Russia is grad- ually working into a new monetary system, based upon actual values in gold or negotiable securities, which promises soon to eliminate the bil- llons of paper rubles now flooding the country. At the present time a dual mone- tary system prevails, the one based upon the new standard, the other upon paper emission. " The new money, known as ‘“chero- vonetsa,” the old Russian name for gold pieces, is paper currency issued by the state bank in units equal in value to ten gold rubles of the pre- war issue, and supposedly redeemable in gold upon presenation. Silver coins, in ruble and fractional denominations, have been minted, but not yet fssued. The financial authori- ties are awaiting the time when “cherovonetsa’ are in general circula- tion to issue the silver money which will replace the present ruble paper as fractions of the state bank nutds. American, English, French, vutch’| and other currency are now in free and geperal circulation in Moscow, but gradually find their way back into the state bank which, whenever pos- sible to persuade clients to do so, pays out the “cherovonetsa” in order to accustom the people to their use. They are well made notes on excel- lent paper, slightly larger than Am- eriean currency. Russia today {s very short of money, the circulation “in cherovon- etsa’” and paper rubles being only fillg]\tl‘ more than the value of two We are NOT SELLING THIS COTTAGE—We are giving it away. Here is a fine, attractive one- family house in East Berlin, right across from the school which cost $14,500 IT AWAY for less than this wonderful bargain. CAMP REAL 272 Main Street Phone 343 FOR SALE! Two good lots on Steele Street, just off Harrison Street, |§ can be bought cheap, if taken at H. DAYTON 272 MAIN STREE?T gold rubles a head of population, It fs hoped to increase this gradually, but to lvuo very little more paper unless there is actual value, or anticl- pated revenues, behind it. THREE ISN'T EVEN Liverpool, England.—It cost Messrs, Blackledge, local bankers, $10 to learn that three is an odd num- ber. They had put out a three. pound loaf of bread, in accordance with what they thought was the Food Control Order of 1921, requiring bread on sale to weigh a pound or an even number of pounds. But the judge thought otherwise. supply of Seibert's milk and cream. Ask s us to supply you with this sealed-for-safety milk. | “MAKE SURE TS SEIBERT'S' #.E SEIBERT:SON! YourMilboman' gDARK ST. PHONE:1720% NEW BRITAIN,CONN. to build. We will GIVE half cost. See us about ESTATE CO. Rooms 305-6, Bank Bldg once. HUMPHREY NATIONAL BAFK BLDG THE OLD HOME TOWN BY STANLEY } Ly Qc A :('T-W-0’CONNORG Y ON %‘ W _ O | ' Uy 259 MAIN ST. September Is the Big Month to Purchase Property Laok this list over—We have many locations to choose from:— - 1—TWO MAIN STREET BLOCKS, formerly owned by the Curran D Goods Co., are on the market. Main street property is as goo as U. S. gold bonds, it has got to grow better from year to year and grow in value like the city of New Britain grows in population. This office wants to sell this property to New Britain investors, not look for out-of-town buyers. (Let us talk it over with you). No. and ROOM COTTAGE on Monroe street and up-to-date built, very hot ‘water heat, hard wood floors, fireplace and 2-car garage move from city). No. 1%3—A 9- modern, —(Reason for selling, owner to No. 2—7-ROOM COTTAGE, No. 208 Hart street, good neighborhood, oppo- site Walnut Hill Park. | No. 3—A 3-TENEMENT HOUSE on Buell will not only make a good home i No. but a good investment. f No. 4—A 3-TENEMENT HOUSE on Bassett street—Price $12,000 cash re- ”:7 i quired $3,000—Good property, good location.* 5_A 2-TENEMENT BRICK HOUSE; steam heat, firepla(;e, two-car brick garage, on Stanley street, near Chestnut, good location for sician or dentist, ($3,000 cash). No. 6—A 3-TENEMENT HOUSE, No. 178 Oak street—price reasonable, own- g# er lives outside of city. : £ 7-—2ENEME HOUSE, No. 15-17 Andrews street, steam heat, lot 50x165—can be hought on easy terms. 8—A THE STRY vBRICK BLOCK on South Main street, opposite d investment—little cash required. No. High school, with two stores and goo No. 9—A 4-TENEMENT HOUSE; 2-car garage—lot 70x180; Na. 91 Seymour B street. Good home and good in vestment, brings in good rent—owner f& resides in Hartford. | No. 10—A VALUABLE PROPERTY ON LAKE STREE’I‘—IZ rooms—all mod- ern, new hot water heating plant, laundry, set tubs, fireplace. i b No. 11—~AT NO. 50 WALNUTSTREE T we have listed a 2-tenement, 14-room house; two minutes walk from Main street; suitable for a splendid home, and central enough for a doctor’s office or large fallli!y. No. 12—A VERY VALUABLE 1;FAMILY HOUSE on West Main street, near Grove Hill; 2-car heater garage; 6. bed rooms, 3 toilets, steam heat; lot 83x16614, This property will not last long—(look it up now). No. 13—-BEST CORNER IN NEW BRITAIN for building purposes, hig lot corner So. Main and Whiting streets—(good for apartment block— automobile show rooms—if you have cash drawing about 87%—why not g double it and take over this property). ; No. 14—THREE HOUSES, No. 4 Iilac street, and Nos. 38-42 Cherry street— & a good buy. \ No. 15—A 6-TENEMENT BRICK BLOCK on Glen street, 10% investment. Cash required $3,000, (look this up at once). i No. 16-—~WE HAVE LISTED WITH THIS OFFICE “5” BEAUTIFUL COT- TAGES located at Maple Hill, just six minutes ride from New Britain —why not avoid the city climate, and live in a healthy atmosphere with the comforts of modern structure including fireplaces, hot water heat, | plenty of fruit,.etc. (Will be pleased to show you these properties). | AR T A 0 S W N v R S e A SO U A R § SPECIAL VALUE! STANLE NEA EER! THE CONSTANT SLAMMING OF THE SCREEN DOOR AT THE CENTRAL HOTEL CAUSED THE CEILING /N THE DINING ROOM TO FALL TO DAY— NO ONE WAS HURT AS THERE WERE NO DRUMMERS /N TOWN AT THE TIME No. 17—ON MAPLE HILL AVENUE, three minutes from New Britain trol- ley, we have listed a 5-room Cottage which has a large sleeping porch. ot water heat, set tubs, large bath, concrete cellar, electric light, hard wood floors and large living room with fireplace—also garage holds 3 cars—together with “5” acres of land—100 peach trees, also pear and plum trees—plenty of flowers. This property has a frontage on Maple Hill avenue of 140. $3,000 cash will close this property. THIS OFFICE has listed property and building lots at Belvidere. All appointments are made through our office—by a personal call, or by phone. T. W. O’Connor & Son, “Realtors,” Booth’s Block. phy-