New Britain Herald Newspaper, September 13, 1924, Page 13

DavisStresses Need for Defense - and Preparation for Peace. Democratic Presien- Eastward On Western Trip — Says Third Party Cannot Win. Aboard the Davis Special Traip En Route to Topeka, Kanfas, Sept. 13.—John, W. Davis, the demo- cratic presidential oandidate, made the eastward turn today .in his o tour “of the west, hav- Ing spoken at Gheyenhe, Wyo., last night and there mentloned the third party movement as such for thg first time, He was headed for Topeka, Kas., where tonight he is to deliver the fourth fixed address Jn his swing through the territory west of the Mississippl rives () In mentloning " the third party movement at Cheyenne, Mr. Davis 114 his audience of several hundred persons that he knew no one who fontemplated the contiugency of the progressive party winning possession In this election, of the presidency and o‘ a majority in’ the house and in thq senate, Democrats Stand For Honesty He submitted, he sald, to those Who wished to See progress @nd honesty in government that bave in this election *“no cause to tote any other than the democratic “What is going to happen In this election?” he asked. “It s conceivable—I don't believe it probable—but it is conceivable that the republican party may win and it may come out in possession of the presidency, the house and the, nate, and those who are perfectly satisfied with the conclusion will doubtless wote that way. “It is conceivable, and I think it is probable, that the democratic party will win and will come out in possession of the presidency and of & majority in both houses of con- Bress. Third Party Cannot Win “Rut is there anybady who be- lievel the third party—the progres. sl party—can win possession of the presidency, of a m&jority in the senate and of a majority in™ the house? 1 know of no one who con- templates that contingency, and T submit to those who wish to see pro- gress in this country; to those who wish to see honesty in government; those who.wish a restoration of a government of justice and courage, that ‘they have in this election) as réasonable men no' cause to vote any they ticket other than-that of the demo- cratic party.” e J This * declaration by Mr, 'Davls came at the conclusion of an address in which he had touched on: the need for national defense and for preparation “for, peace, had con~ trasted the records of the admine Istration of goverhment under Wood- row Wilson and the republican ad- ministration, and had assalled the republican administration on the ofl and veterans’ bureau scandals and presented his party’s program for farm rellef, Mr. Davis had an all-day’ ride ahead today, with 'rear plattorm speeches scheduled for Grand Island, Hastingsp» Falrbury and Marysville in Nebraska and Onaga In Kansas. Mr. Davis criticized the fallure of the administration to mhintaln the navy on the 5-5-8 basls agreed upon by the Washington conference’ for. the limitation of armaments. He argued that the naval treaty by not considering vessels below the grade of ‘battleships did not provide. for equallty betweeh Great Britain and America In naval equipment, and sald that the good intent of the con- ference should not blind the Ameri- can people as to the inadequacy, of its scope and results. g “This is the anniversary of the battle of St. Mihiel, "The capture of that salient which had . withstood so long the pressure of the allied armies must always stand as one of the brightest feats of American 4rms. The brave men who fought and triumphed there and the commander who led them are en- titled to the lasting gratitude of the American people. It {s right and f'proper that we should keep them in T brance and that the deeds they sHould be held in living memory in-order that they may stimulate and inspire Americans still to come. J “Rgpublics haye been called un- gra Even the gratitude they feel they are slow to express toward those who-have served them well, But when General Pershing retires today from active service in the career he has so lopg adorned He should be made to know that he carries with him the respect, the admiration and tre gratitude of his countrymen. Urges the Need of a Navy “We make use of this anniversary to take stock of a portion of our na- tional defense. We are inspecting our nhilitdty equipment and calling up for review those who constitute our regular and our citizen army. We cannot throw away the sword when other scabbards are not empty, and reasonable provision for the na- tlonal defense is ome of the first duties of the state. For in a world where human passions rage, it is the counsel of prudence in time of peace If your 'Boy or Girl has their School Savings here — why shouldn’t you have Your Sav- ings here too? - Are you getting' 4&% interest on your savings? Make it the Burritt for Savings Buritt Mutua " Open | Savings Bank Tonight / Lu Drepare for war, ] { “Yet we are not & militaristio peo- ple. Let up hope we never will bes come so, The pursult of arms for the sake of arma is utterly forelgn to the genius of our institutions and to our national temper, We wish to live At peace with ourselves and with all men. We have no ear for any who preach & different doctrine. “We shall make a mistake more- over It we think of defense solely In terms of our land armament. That I8 necessary, no one will deny, But guared as we ‘arb, by the oceans and shielded by our mountains the defense of America lies first of all upofl the sea, v ) “So song as .an adequate navy guards our cousts we nced not fear, the gpming of any invader. And his- torygshows that no navy has ever threatened the liberties of a coun- try or become the tool of revelution on the one hand or repres: othe “'At the Washington conference on dlsarmament we accepted a definite ratio in the matter of capital bat- tleships of 5-5-3, as between Great Britdin, America and Japan, It lllfl{ad an American to learn from the lips of the Becretary of the Navy himselt that those In power have permitted America’ actual strength in battleships.to fall to the figure of four or below. ' “When that conference ended the publie, I think, gathered the impres- sion that equality in naval ‘equip- ment between Great Britain and America was assured, and American superiority over Japan at the ratio of five to three was fixed for the next ten years. 1 do not charge that this impression' was the result of any in- tentional misrepresentation, but the American public is entitied to know that that conference dealt in no way with modern cruisers, with subma- rines or the auxillaries of a fleet, andl fhat against forty-four modern cruiscrs owned by Great Britain and twenty-five by Japan the United States has but ten, and that in ocean- going submarines and airplane car- riers our position is still more dis- advantageous. We must not let praise for the good intent that lay behind the Washington conference blind us to the partial and’ inade- quate character of its scope and re- suits. Wants Preparcdness for Peace. “We will make poor usé also of this day and the lessons that it teach we think only in terms of national defense hnd preparedness for war. It is more important far that we should prepare for peace. This generation of man has had its lesson surely concerning war and the countless losses that follow in its train. It knows the draft it makea on-human lives and human happi- ness and the burdens that it leaves on the shoulders of @en and women around the world. It knows also what vast unnamed horrors lie hid- den in the future if war should come again. Burely we have as much of vision, of effort and of courage to contribute to the prevention of war a8 to its successful conduct when it comes, “Make no mistake—war . cannot ‘be prevented by the good-will of any single power, no matter how just or how generous. It cannot, as we have seen and learned, be warded off by any armament, however large. Neither can it bs destroyed merely by outlawing certain of its imple- ments or leasening martial equip- ment. It can be banished from the lite of nations only by concerted éf- tort. “The duty and the interest of America. alike demand exertion in the cause of peace no less courage- ous than valor in time of war. A double argument for the leagus of nations and*against a high pro- tective tariff was made by Mr, Davis in a parable he used to lilus- trate the desirabllity of yelieving the farmer by extending his foreign markets through the participation of the United States in the re- habilitation of Europe. Uses a Parable on the Tariff “Let me in simple terms imitate the greatest of all teachers and speak to you in a parable,” he said. “Suppose the Atlantic ocean were to shrink and become a mere thread of water between two great tracts inhabited by human beings. And on one side there are great wheat and great corn fields, and great herds of cattla and of swine, so much indeed that those who lived on that side of the river had fed themselves and all their country- men, and still had a vast surplus crowding their granaries and thronging through their fields. “And on the other side of thls tiny strip of water their lived other millions of people, industri- ous, hardworking, needy, underfed, by the hundreds 'of millions under- fed, and some of them actually starving. “And they came to this waterside and said to the farmer with his surplus, ‘We are hungry for your bread” And he answered, ‘What have you to give? And they say Nothing but the labor of our hands, we have no money. That has long since perished in paper that is worthless even to ourselves, ‘We have no gold. You have al- most !wud}urdu of all the gold in the world®on your side of the stream. We have nothing but the things our daily labor can produce, and these we bring to you and we beg you to accept them for your benefit and for our physical salva- tion.” "D‘Al'b'r HERA “Then there rose a tween the two and sald, not tra “What wowld we think of him? That is this question. And I deny there 1s any man or woman in the United States that has not the In- telligence to undnm-nd(u. mon in be- *You shall “I want to suggest fto you as Americans that not only should we turn our thoughts to defense in case of war, but we should also turn our thoughts to. those, things which make the coming of war improb- able, it not impossible,” he sald at Brighton, “We can have peace in the world it we are willing to struggle and plan for it. We cannot have it if we sit down and spend our time in plous wishes for its arrival, “And the thing which I belleve as a democrat, ahd which 1 be- lleve my party belleves with mey Is that it Is the duty of the Unitéd States to send its aid, together with all the other free nations of the world, to set up such institutions as will make the recurrence of war impossible in the life of Humanity.” At Greeley 'Mr. Davis paid 3 tri- bute to Horace Greeley, for whom the town is named, and declared that peace could come only by the concerted action of all “the nations of the world. LA FOLLETTE GETS POLITIGAL ADVCE Has Conferences With Managers ~Labor Committee Named Washington, Sept. 18.—Senator La Follette, independent presidential candidate, who for several days has been devoting himself to the prepar ation ‘of campaign speeches to the exclusion of vittually all other bu ness, lald aside that task today for series of week-end conferences with political advisers. He also probably will confer with Senator Wheeler, of Montana, his running mate. Mr. Wheeler concludes two weeks of campaigning in New England, New York and Pennsylvania, with an address tonight in Phjladelphia, and it was said today at La Follette headquarters that he would probably come to Washington for a’ Sunday conference with Senator La Follette before returning to New York to re- sume his stumping tour on Monday. In addition to discussing the poii- tical situation with Senator Wheeler, Mr. -La Follette expects to confer here over the week-end with Gilbert E. Roe, in charge of eastern cam- paign headquarters in New York city and with others active in the campaign. Appointment of a committee to coordinate activities of. labor organi- zations cooperating with the cam- paign fund committed™Svas announc- ed today by Warren 8. Stone, presi- dent of the Brotherhood of Loco- motive Engineers. The committee will consist of N. P. Alifas, of inter- national Association of Machinists; Hérman E. Willis of Locomotive En- gineers and W. P. Neville, treasurer of the newspaper “Labor.” H. L. Brunson, in charge of the Drive,” for funds, it was announced, has reported 5,000 persons enrolled in the advance guard of workers to finance the campaign in the last three days, bringing the total to more than 25,000, GREY LAG BREAKS DO\VN Bowed Tendon Will Keep Veteran Ont of International Races New York, Sept. 13.—Grey Lag, six-year-old Rancocas stable thor- oughbred, has broken down in training and will not be a contender in the second of the international series at Aqueduct track, September 27 in which Epinard, French crack, will appear. The veteral came out of & three-eighths mile workout with a bowed tendon and will be retired from racing, according to Trainer Sam Hildreth. Grey Lag's mishap followed a workout by Epinard in disappoint- Ingly slow time. The French horse, in the opinion of observers, has not been impressive in trials since the first international in which he was beaten by Wise Counsellor and needs a work-mate to bring out his speed. REAL ESTATE ASSOCIATION First Annual Convention of Massa- chusetts Organization Held in Oct. Boston, Sept. 13.—Formation of the Massachusetts Association of Real Estate Boards was announced here today, the first annual conven- tion to be held in Boston October 29. Arthur J. Taylor of Springfield, was elected president. Other officers are: First vice-president, Walter Newhall of Salem; secretary-treas- urer, William E.' Chamberlain of Boston; directors, Ernest M. Foiger, Lynn; Howard Whitcomb, Boston; James C. Callahan, Salem; Waldo 8. Martin, Worcester; phy, Springfield. There is a flat, concrete slab over the unpretentious grave of “Buf- falo Bill” Cody on top of Lookout mountain in Colorado. ‘Liberty [ 'ward J. Mur- | Wall Street Briefs New York, Sept, 13.—Burplus of $10,760,391, reported by the New York Central ralroad to the state publie service commision for the quarter ended June 30, shows a de- [ cling ‘of $8,614,386, compared with the second quarter of 1923, Total in- come was $24,108,479, against $33,- 166,806, while gross revenues fell to $00,427,466 from $112,978,627 in the same period last year, opening: of a long ' term Alegre Bugar,advance Commercial fallures in the United States this week Increased to 319 against 351 in the preceding week and 296 in the corresponding week last year, R. G. Dun & Co. reports. prices; of organize: ger plans, '“Nickel Burplus freight cars on August 31 Yotaled 231,677, a decrease of 26,604 since August 22, ferred each losing a general Tist Orders for 87 locomotives for do- mestic use and 14 for exports were received durlng the week. August surplug of the Market Btreet Railway, after charges but before federal taxes, was $114,762, against $163,864 in August 1923, and for the elght months in 1024, also before federal taxes $904,884, com- pared with $1,053,898 a year ago. High Allis-Chalm ., 60% Am Can ......127 Am Hide and Leath ptd .. 62% Am Loco ..., 78 Am Smelting . 73% Am Bugar .... 8% Am Tel & Tel .120% Am Woolen .. b3% Anaconda .... 87% Atchison .. 106% At GIf & Wind 18% Bald Loco ;.. Bgit & Ohto Beth Steel Bosch Mag ... Ches & Ohio - Chi Mil & St P Chi Mil & St P ...... Chi Rk I & Pac Chile Copper .. Col Fuel Con Textile ... Corn Prod Ref Cru Steel {Cuba Cane Cosden Ofl ... Dav Chem .. Erie .. Erie 1st pfd . 38% Gen Eleciric .258% Gen Motors .. Gt North pfd . Int Nickel .. Ken Copper Lehigh Val Marine pfd Mid States Oil Mis Pac pfd New Haven .. Diminishing activity in the stock market, following a succession of million share days has = been en- couraging to the bullish element in Wall street. These interests take the view that efforts to depress values Mave been down temporarily successful and that their net result has been merely to retard activity. An unusually heavy turnover of funds in the N. Y. federal reserve district {s expected next Monday as a result of the announcement of U. 8. treasury's operations up’ to Sep- tember 15. The local bank expected to handle the buik of principal and interest payments on Liberty bonds and treasury certificates which may al $500,000,000. Receipts for the new treasury notes will approximate $400,000,000 and about $250,000,000 wil represent quarterly tax - ments, The governmént will with- draw from banks in this district $9,- 482,150 on that date. (00LIDGE SATISFIED Expresses Himself As Pleased With Political Trend—Has Busy Week of Conferences, L 0y Washington, Sept. 13.—Several visitors were on the engagement list of President Coolidge today to wind up a comparatively busy week of conferences, with considerable time devoted also to the ltudz of govern- ment problems. Next week the president expects to conclude a review of the tariff commission report on the sugar duty and to complete selection of the commission” which he proposes to appoint to investigate agricultural problems. Later he intends to pre- pare his next speech before the Holy Name sociely convention here a week from Sunday. Mr. Coolidge bas virtually decided also to accept the invitation to speak in Philadel~ phia September 25, Reports received by tHe president last week on the political situation, with some attention given also to re- | United Fruit ..205 sults of the {arious state primarles U S Indus Alco 68 held during the week, have taused |17 8 Rubber . 3214 him to express satisfaction to friends ({7 8 Steel L107Y% over the trend of the national cam- |Utah Copper . T6% paign. Westinghouse . 62% Willys Over .. 8% T North Pac Pacific Oil Pan American Penn Rail .... Phila & Read Coal & Tron Pierce Arrow . Pure Oil Rep Tron & St Ray Copper .. Reading \ Royal Dutch’ . inclair Oil Sauth Pac South Railway 667% Stpdebaker ... 39% Texas Co .... 41 Tex & Pae ... 35% Trans Ol .... 4% Unfon Pae ...133% ALY ’ CURB REVIEW ~/Naw York, Sept. 13.—Brisk ad- vances in a large number of indus- trial securities along with recoverfes in several higher priced petroleum shares featurés an exceptional active opening for a short session on the curb exchange today. Lehigh Vailey coal opened with an overnight gain of half a point, selling at 41 1-§ and then rose to 41%. Dubilier Con- denser also was strong and American Light and Traction was prominent in the public utilities, moving up ®bout | five points. ‘ | Prairie Oil became weak soon | | after the opening when the quota- | tions declined about four points. | Other issues of that group held fair- ly steady, however, with support discernible in Vacuum Oil and In-| ternational petroleum. | Transactions on the curb assumed | | quite an impgrtant character during the week when the securities traded in were generally of a more sub- stantial character than has consti- | tuted the trading list at any time since this market has been conduct- ed under a roof. This essential change in condition was slow of de- | velopment but apparently these con- ditions have now become firmly es- | tablished. In the industrial list the | | baking group was among the lead- ers, both. United Bakeries and Ward | | Baking issues being in urgent de- mand at advances. Traut & Hine . Another feature: was the initial | Travelers Inc Co | trading in Pittsburgh Terminal coal | Unfon Mrg Co . | stock, when issued, representing se- | Yale & Towne . | gregation of the Pittsburgh and West | Virginoa coal properties. The com- | T. mon stock started at 42 1-¢ and U. | moved up to 52 5 | | Hudson and Manhaftan issues also| Weird animals of | were prominent in connection with |are rumored to exist | the' expected vote to distribute the |known Arctic region holdings of the Hudson company (Putnam & Aetna Casualty ... Aetna Life Ins. Co. . Atena Fire Am, Hardware . Am. Hoslery . Automobile Ins Bige-Hfd Cpt. Co. co Bristol Brass . Colt's Arms < Conn Lt & Pw pfd .. Eagle Lack ...... Fafnir Bearing Co . Hart & Cooley ... Hartford Fire . Ffd Elec Light . Landers, F . National Fire N B Gas N B Machine Nile-Be-Pond com North & Judd .. Peck, Stowe & Wil Phoneix Fire .. Russell Mfg Co. . Scovill Mfg Co ..... Southern N E Tel . Standard Screw . Stanley Works ...... Stanley Works ptd veflection of ‘higher o LD, SATURDAY, SEPTEMBER 1, 190 WALL ST. REPORTS New York, Sept. 13.—~Wall Btreet Stock prices displayed a fl'm tone at the opening of tod: market despite some heaviness in the oil group, United ¥rult advanced -8 and Nortolk & Western 1 3-8, buying of the latter being due, in part, to reports that the Pennsyl- vania Railroad would seek to obtain \eontrol of the road through the pur- chase of the common stock instead Punta lease. d a Plate,” point., Low 60% 126% 62% 79 3% 1% 120% 58% 371 105 16% 120% 614 e 26 85% 18% 22% 2% 3% 40 1% point }ommodlty Sonie of the Van Sweringen issues turned heavy, presumably on reports opposition to the mer- Pere Marquette common and prior pre. The Vld steady with some of the, westeln carriers moving to higher ground on reports of record- breaking grain loading: curities and Jones Bros. Tea, were weak spots, each advancing a point, Foreign exchanges opened firm. Close 60% 127 in h se- 62% 19 8% 485 120% 631 3% 105 18% 120% 618 "y 2% 86% 13% 22% 324 33% 40 Y 32% 55% 15 28% 46% 21y 38% 258 611 17% % 52% 40 1% 52% 22% 126% 63 48 533% 4% 8% 10y 233 46% 12 60 94 663 39% ny 4% 4% 139 1047% 671 2y 107% 6% 621 8% Co.) Bid 600 735 Billing & Spencer com Bllling & Spencer pfd 144 61% 18 4674 46% 197 N B Machine pfd ..« 61% 138 182 107 Torington Co com ... 28 0y { 915 immense in an between | Colville and Porcupine rivers. NOW FORMING—OUR VACATION CLUB FOR 1925 AND WE URGE YOU TO COME IN AND TAKE OUT A MEMBERSHIP FOR 50c, $1.00 OR $200 A WEEK AND THEN FEEL SURE THAT ALL EXPENSES FOR YOUR 1925 VACATION WILL BE TAKEN CARE OF WHEN YOU GET YOUR CHECK NEXT JUNE—0 WEEKS' OF REGULAR PAYMENTS—THATS ALL. COME IN THIS WEEK AND JOIN WITH THE HUNDREDS OF OTHERS WHO ARE MEMBERS OF THE NEW BRITAIN TRUST C0.’S .VACATION SAVERS. WE ARE OPEN TONIGHT FOR YOUR CONVENIENCE IN JOINING. 36 87% . TREASURY STATEMENT. treasury balance, $191,661,087 size un- the PUTNAM & CO. Slembers New York Stock Eschange Members Hartford Stock Exchange B West Mam St Tel 2040 We Offer:— " 100 shares New Britain Machine Common New Britain—Burritt Hartford—Conn, Trust We Recommend and Offer: Hartford HARTFORD Wartford Conn. Trust. Bdg. Tel. 27186 We Offer— Burritt Hotel Bldg., New We Offer: Prices on Safe Deposit Boxes, Foreign Exchange to Bank by mail. Itis MILLIONS ANSWER DEFENSE DAY CALL Demonstration Success Through- (out Nation, Government Reports Washington, Sept. 13.—The re sponse of the mation’s civilian pop. viation to the Defense day appeal to the individual's obligation and responsibility under the new na- tional defense program and the functioning in the first iimited test of the program itself met the high- est expectations of the war depart- ment and government officials gen- erally. | Reports, somewhat |in character; from the nine corps |area headquarters, showing that | Mgore than 16,000,000 civiliens par- (ticipated in the exercides yesterday gave the chief result of the test preliminary nounce it as “highly satisfactor Although the reports did not per- | mit as accurate estimate of the to- tal of one-day volunteers who turned out to All up the ranks of regular army, national guard and | organized reserves, the fact that al- | most all of the military units were to approximately war strength indicated that probably two million men enrolled Success in All Corps Areas The other civilian participaton, giving a reported total of 16,792,781 { took part In the 6,535 local demon- strations in the form of parades | and exercises. The corps area com- manders, each submitting at the close ‘of the day a detalled report of the resuit of the test in his ter- ritory, emphasized its success and the enthusiastic endorsement of the national defense program by the public generally An expression of their gratifica- tion at the loyal cooperation given the war department by the Ameri. that caused the department to pro- | 25 shares New Britaifi Machine Preferred ) JUDD & COMPANY Hotel Bldg,, Tel. 1815 Co. Bidg., Tel. 26281 City Gas Common Stock Price on Application EDDY BROTHERS &! , AIN el 3420 100 shares North & Judd 50 shares American Hardware 100 shares Landers, Frary & Clark @homson, Tenn & @n. Britain Tel. 2580 MEMBERS NEW YORE AND HARTFORD STOCK EXCHANGES Donald R. Hart, Mgr. LANDERS, FRARY & CLARK application We do not accept Margin Accounts The ‘Hartford-Connecticut Trust Company Old State House Square, Hartford, Conn, , $5.00 and upwards. all parts of the world. LETTERS OF CREDIT—-GENERAL BANKING safe and saves time, ————p—s————we— can public in the defense test pro- Jject was conveyed to the country in redio addresses last night by Sec- retary Weeks and General Persh« ing. For the latter the occasion marked the last full day of his long | service on the active list of the army and the culmination of & specific task in national defense preparation to which he has \de« voted his major labors sinee the close of the war. 20,000,000 Hear Secretary of War Probably not less than tweaty million persons throughout the length and breadth of the pation “listened in" to hear the war sec- retary, after remarks dealing brief- Jy with the defense test, introduced General Pershing with a tribute te his service as the nation's fareriost soldler. The retiring general of the armies, plainly staving back the emotions that the occasion aroused, then in calm and controlled tenes took the “last oppertunity” ia ae< tive service to express his “‘sincerest | thanke for the courtesiss wo often | extended to me by my countrymen and for the confidenoe they have |always given me." Demonstration in Washington | The general and Secretary Weeks | previously during the day had |spoken on the significance of the | defense test to thé marchers in the parade here, which for an hour and a half, with close packed lnes of ununiformed American citizens, | filed up Pennsylvania avenue, passed the reviewing stand occupied by | President and Mra. Coolidge with | other high government offieial | Conspicuous among the regular |army groups in the parade wers |the general staff officers, whe | marched in a great block forma« tion Follewing these came the ataff resérvists, many In civilian clothes, and then the regular. national guard |and organized reserve units, with civilans lberally fiting out the | ranks of each. | A Berlin magistrate sugpests thet |all drivers of public vehicles sub- jmit to a severe medical examing- tion before receiving lcenses