New Britain Herald Newspaper, August 16, 1924, Page 13

EW BRITAIN DAILY HERAI™ SATURDAY AUGUST 16, 1924 outh Pacifie NE § A JGUE , 1024, ; ] "y ' 4 CORRUPTION 1§ THENE OF WALSH Senator Says Honesty in Govern- ment Is Supreme Issue Helena, Mont, Aug. 16 —Atlacking the records of the republican adminis. tration as “deplorably ecorrupt" rpe- sulting in “erimes that have shamed the nation,” Benator Thomas J, Walsh, democrat, Montana, outlined the na- tiopal and state campaign lssues at a democratic rally here last night, The meeting culminated a homecoming rogramn arranged by party leaders, former Governor Bamuel V, Btewart presided, “Honesty in government, the revs enue law, the tariff and the policy of isolation” are the four leading lssues of the campaign, Benator Walsh said, s “The democratic revenue law now in operation, contrasted with the pro- posed Mellon plan, points to the es- sential difference between the two major parties perhaps more clearly than any other measure,” he contin. ved, The senator scored the republican tariff as a measure that “robbed the farmer,” and criticized the foreign pol- iey as contributing nothing to the re- construction of Kurope and little to stabllization of trade, The foreign policy was marred, he declared, by sending abroad a species of “eaves- droppers” to watch the developments in Europe. Eulogizing John W, Davis, cratic presidential nominee, as a worthy successor to Washington, Jef- ferson, Lincoln, and Wilson, Senator Walsh sald that Mr. Davis was fitted for the presidency by “character, training and experience,” He also streased the activities of the nominee in advocating and supporting progres- alve legislation. Although the senator made no di- rect reference to the candidacy of Senator Robert M, La Follette, he lauded his colleague, Senator Burton K. Wheeler, independent candidate for viee-president for his part In the Daugherty investigation, 8enator Waleh, unopposed for re- nomination in the prime:y election August 26, made enly slight mention of his own candidacy, announcing he would make no further addresses un- til the fall campaign. After a series of conferences with party leaders here today, Senator Walsh said he expected to leave for his summer home at-Take MacDon- ald, Glazier National Park, to visit & month, ] ey demo- A checking ac- count in this carefully man- aged Bank, will bring a confi- dence to You, that has made thousands of friends, during the last 38 years. Let us put your name on one of our pass books, - Davis Accepts Here is John W, Davis, democratio presidential nominee, dplivering his message of acceptance at the formal notification eceremonies at Clarks- burg, W. Va, hand is the microphone which car- ried his speech to radio fans through- out the (ounlry WOMEN'S PARTY OPENS CAMPAIGN' Seat in Congress and $500,000 Fund Immediate Aims Y., Au. 16.—The 200 delegates attending the annual meet- ing of the national women's party were to go into conference here today to select a nominee to represent the 31st district in congress. The nomi- nee was to be a woman and the theme of the conference, “Woman-for-Con- gress,”” was to be put into action In her nomination Mrs. Stephen H. P. Pell, of New York, and Ticonderoga, finance chair- man of the national women's party, and sister-in-law of Herbert C. Pell, chairman of tke democratic state com- mittee, yesterday was named for the position, but last night declared she would refuse to accept. The nominee, party leaders say, is assured of democratic support. Mrs, Pell, however, asserted she is a re- publican and would be forced to run as an independent in a district avow- edly republican In sentiment. Fur- thermore the nominee must oppose Bertrand H. Snell of Potsdam, chair- man of the rules committee, which controls the fate of the equal rights amendment. Miss Doris Stevens, wife of Dudley Field Malone, was being suggested last night as a possibility should Ngs. Pell refuse to acecept. The conference yesterday decided to ask every woman in the United States to contribute a small amount to the women’s campaign fund of more than a half million dollars, The students’ council, meeting in conjunc- tion with the conferenee, elected Miss Mary Van Casteel, of George Wash- ington university, chairman, and voted to Dbegin an active campaign eeeking to remove alleged diserimi- nation against women in higher insti- tuptions of learning. Tomorrow the delegates will ga to Lewis, where in the morning a me- morial service will be held in the vil- lage church for Miss Inez Milholland. Later her grave will be decorated. In the afternoon a thousand women and girls will participate in a memorial pageant, “Forward Into Light,” in memory of Miss Milholland's activi~ ties as a leader of women. The pa- geant will be presented in a natural Westport, Just below his upraised | ‘.uuynnmuu at “Meadowmount,” the |summer estate of Miss Milholland's | parents, Mr, and Mre, John E M | holland, Miss Vida Milholland will | impersonate her sister in the pageant as she appeared in white rebes and on aw hite horse when she led the suffrage parade in the vity of Wash. | ington some ye 0. Wall Street Briefs New York, Aug, 1 The advance in the stoek market yesterday cars ried the average price of 20 leading industrial issues to a new high level for the year while che aviiage of an vqual number of railroad stocks was |elose to the 1924 top figwe, Bentis riwent was cheered by the faet that the upward gain of prices was general, embracing virtually all groups in cop | trast to the uneven movement of other rket sessions™ In the last few wecks, The stoekholders' protextive com- nuitiee which is fighting the reorguii- ation of the Denver & Il'o Grande Western Railroad Co, under the pres- rt terms has issued another call tor | funds to carry on its wuik, The com- | mitte, which is headed by George Tracy Roge ommends that con- tributions be made on the basis of $10 for every atockholder owning up to $1,000 of stock, $15 for stockholders owning more than 5,000, New capital issues n the London | market were smaller for the first half of the current year than for the cor- responding perlod of any year since 1919, the Bankers Trust company re- ported today. Total lssues, excluding ‘nmllh government loans ralsed di- rectly for national purposes, amounted to 106,215,000 pounds compared with 123,624,000 pounds for the corres- ponding half of 1923, Price inflation in the United States predicted by European bankers and economists as a natural result of the great gold accumulation here, has failed to materlalize, the New York Trust company points out in its monthly review, The prediction was based on a misconception of the amount of gold which may propertly be in use in this country in propor- tion to population and resources and the ever growing volume of trade, the article adds, Under the stock acquisition plan of the Standard Oil Co. of New Jer- sey 14,700 employes of the company had subscribed for 506,641 shares of the stock on June 30. This com- pares with 408,431 shares for 12,928 employes at the end of last year. In the first six months of this year the total plan fund increased from $15,- 138,564 to $18,501,863, Delivery of General Motors cars by dealers to consumers in July totalled 56,776 cars and trucks, compared with 63,209 in the same month a year ago, and with 60,146 in June this year. From January 1 to the end of July 435,366 General Motor cars and trucks were delivered com- pared with 472,194 in the same period last year, a decrease of 7.7 per cent. DPROWNS AT BLOCK ISLAND Provdience, R. I, Aug. 16.—Frank Angell, 52, of Washington, D. C., was drowned yesterday afternoon while swimming off the beach near Vail cottage at Block Island. He was brought to shore by Stanley Vernet, and George Preshery, bellboys at the Vail cottage, who applied methods of rescuscitation for more than an hour without success. The body was taken in charge by Charles Meguss, undertaker, pending investigation by Medical Examiner Dr, 8. B. Husted. Mr, Angell was visiting at’Block Is- land with his wife and child. Can You Say This? “] believe that those who are dependent upon me have an in- alienable right to inde- pendence, contentment and happiness and that I can provide these things by the daily prac- tice of thrift. A savings Account at this Bank with regular entries will bring you this contentment and happiness. START TODAY WAII STREET STOCK EXCHANGF REPORTS New York, Aug. 18.—8tock prices displayed a strong tone at the open- ing of today's market, the accumulation of over-night buy. ing orders that new high records for the year were established in the first few minutes of trading by Mack Trucks, Liggett & Myers B, American Can and Kennecott Copper, General Eleetric advanced 1% and U, 8 Cast Iron Pipe, Dupont and Colorade fuel opened a point higher, Trading expanded as prices ad. vanced, more than a score lssues at- minutes of tradin, Brighter pros- taining new peak prices in the first 20 pects for a reparations settlement in- fluenced the buying of stocks likely business expected to result, Electric extended ita early gain to | 3 1-4 points, Mack Trucks to 3 points and U, 8 Bteel duplicated its year's high of 110, Other stocks to sell at way, Frisco preferred, American Smelting, Allls Chalmers, American Radiator and Texas Gulf Sulphur, Forelgn exchanges opened firm, High Low Am Can . 1% 120% Am Loco ...... 80% 80 Am Smit & Ref 73% 2% Am Sug Ref com 4615 46 Am Tel & Tel,..128 127% Am Tob , JAB0Y 1407 Am Wool «1THhM Anaconda Cop.. 89% 394 Atch T & B F..106% 1047 AtGuit & WI,., 16 16% Baldwin Loco ..125 Balt & Ohio ... 647% LIL Beth Steel B ... 43% 3% Consol Textlle .. & b Can Paclfic ....1521 152% Cen Leather ... 15% 1585 Ches & Ohlo ... 83% 874 Chi Mil & 8 P, 17 167 Chit Rek T & P.. 34% TR Chile Copper .. 35 4% Consol Gas .... T2% 2% Corn Prod Ref.. 327% 32% Crucible Steel ., 521 hay Endicott-John .. 137 Erle . Erie 1st ptd ... Gen Electric . Gen Motors ... Goodrick BF... Gt North pfd... Inspiration Cop. Int Mer Marine, Int M Marine pf Allis-Chalmers . Pacific Oil ... Int Nickel . Int" Paper . Kel Spring Tire. Ken Copper . Lehigh Valley.. Mid States Oil.. Miss Pacific ... N Y Central .. NYNH&H Norf & West . North Pacific National Lead Pure Oil ....... Pan Am P & T. 58Y Penn R R . 45% Ray Con Cop .. 13 Reading ....... 63% Rep I & 8 . 49 Royal D, N Y., 44% Sinclair Oil .... 173% Close 181% 808 % 40 128 150 7 0% 1047 16 124% 1098 27% 27% 86% 168% 23% Bought Oct. 1913 Jan. 1914 Dec. 1922 So great was | to benefit from the increased foreign | General | their peak prices were Southern Rail. | An Investment that will Grow Yale & A true example of the Growth of an investment in 10 shares of Yale & Towne from 1913 to 1924 10 shs @ 164 5 shs. Stk. Div. 15 shs. Stk. Div 80 shs. In Dee. 1922 par value reduced to $25.00 30 shs. $100 par exchanged for 120 shs. 25 par, At present prices of $69.00 worth $8,280, this period cash dividends have totaled $2,100. This investment shows an increase of 518% Fuller, Richter Aldrich § @ MEMBERS HARTFORD 4TOCKE EXCHANGE 6% i 08 South Rall Studebaker Co Texas Co Tex & Pacifie FLAN | Tobaceo Prod,, #i% Trhnscon ONl ,, & % "y Hh 110 8 ' Ll 1% "y Union Pacifie U 8 Indus Alco U 8 Rubber U 8 Steel Utah Copper Willys Overland Westinghouse 109% "y " 63l 64 LOCAL STOCKS, (Putnam & Co.) B4 585 88 16 Y Asked 95 o 585 1614 Aetna Casualty Aetna life Ins Aetna Fire Am Hardware |Am Hoslery 5 Automobile 1 A 1) | Mige.Htd Carpet eom.,, 1] Rillings & Spencer eom ., | Rillings & Spencer pfd.. Rristol Rrass ... L Colts Arms 0y Conn 1t & Pow pm 1% .10 Eagle Lock . . " Fafnir Bearing . R0 Hart & Cooley Hartford Fire Hfd Elee Light Landers Frary & National Fire . IN B Gas , |N B Machine . N R Machine pfd . Niles-Bemt.Pond com North & Judd . Peck Stows & Wileox. .. Phoenix Fire Russell Mfg Co Reovill Mfg Co 8 N F Telephon Standard Screw . Stanley Works fianley Works pfd Torrington Co com Traut & Hina Travelers Ins .. Unlon Mfg Co .. Yale & Towne . HIBERNIANS IN SESSION Sweeping Changes in Rules in Pros. pect—Condemn Ku Klux Klan Atlantie City, Aug. 16.—At the Arst business session of the national board of the Anclent Order of Hibernlans, convening at the Traymore hotel, committees were appointed by Presi- dent Michael Donahue, Philadelphia, to consider and report on sixteen sub- jects; among which are the necessity for a revised constitution, revision of the ritual, advisability of making changes in the dues and benefits, mak- ing amalgamation of divisions in cities having more than one division but less than 250 members compulsory and naturalization. In joint session with the ladies' auxillary, on Sunday, it Is planned to pass resolutions sweepingly condemn- ing the activities of the Ku Klux Klan, GOING TO NOTIFICATION Clarksburg, W. Va, Aug. 16.—E. G. Smith, a prominent figure in the | Davis-for-president movement today was en route to Lincoln, Neb, to at- tend the notification ceremony Mon- day for Governor Charles W. Bryan, democratic nominee for vice-presi- dent as the personal representative of John 'W. Davis, the democratic stand- ard bearer. Mr. Smith left Clarks- hurg last night. Towne $1,640 $1,640 During 94 Pear] St., Hartford, Conn. Tel. 2-5261 JESSE MOORE H. P. SPAFARD 122 Main Street. Tel. 2080 E. T. BRAINARD, Mgr. JO% M. HALLORAN PUTNAM & CO. Members New York Stoch Eschangs Members Hartford Stock Eschange 81 West Main 8t Tel 3040 We offer: 100 shares of Yale & Towne 100 shares of Colts EDDY BROTHERS &G HARTFORD NEW BRITAIN Hartford Conn, Trust Bldg. Burritt Hotel Bldg, Tel, 2:7186 Tel, 3420 We offer: 50 shares American Hardware 50 shares Landers, Frary & Clark 50 shares Stanley Works - ¢ @Thomson, Tenn & Co. Burritt Hotel Bldg., New Britain Tel. 2580 MEMBERS NEW YORK AND HARTFORD STOUE EXOCHANGES Donald R. Hart, Mgr. L3 WE OFFER:— Yale & Towne Manufacturing Co. Price on Application We do not accept Margin Accounts, JOHN P. KEOGH Members Consolidated Stock Exchange of New York Waterbury STOCKS Bridgeport Middiers BONDS PRy Middletown Direct Private Wire to New York G. F. GROFF, Mgr.—Room 509, N. B, Nayl Bank Bidg.—Tel 1018 The Hartford-Connecticut Trust Company 0ld State House Square, Hartford, Conn. Safe Deposit Boxes, $5.00 and upwards. Foreign Exchange to all parts of the world, LETTERS OF CREDIT — GENERAL BANKING Bank by mail. It is safe and saves time. Judd & Company Members New York Stock Exchange . Members Hartford Stock Exchange HARTFORD-OONN., TRUST CO. BLDG., TEL. 2-6381 New Britain: Burritt Hotel Bldg,, Tel 1818 We Recommend and Offer: AMERICAN HARDWARE CORP. STOCK It has been the custom of this Company, during the past twelve years to set aside each year out of earnings large reserves. While this is noted on company’s statements to stockhold- ers each year, the amount so set aside has never been disclosed. We believe, therefore, that these reserves should be borne in mind by invstors when they attempt to arrive at the actual value of this stock. A It is obviously impractical to try to draw comparisons between any two companies in the same line of business without knowing the methods pursued by each company in arriving at the figures put out by them in their annual reports, American Hardware during the past year paid 12% and 8% extra. In their assets there is no amount “set up” for “good will, pat- ents and trade marks.” We believe that the equity in and the earning power back of Ameri- can Hardware stock warrants much higher prices. ¥ R o It is the policy of our organization to give the investor complete, accurate and impartial information on all securities. May we extend this service to you?