New Britain Herald Newspaper, August 21, 1925, Page 5

CONTROL LOANS, PROMOTE PEACE U. 5. Has This Chance, Speaker at Ingtitute Says Willamstown, Mass, Aug 21 (A ~—The American government has an ‘opportunity to promote peace through control of forelgn loans flotations. Alvin 8 Johnson, editor of the “New Republic” asserted to- day at the Institue of Politics. He addressed an open conference on the recent forelgn poliey of the United States with his sub “America as International Inves- tor. “The United States government,” he #ald, “will undoubtedly be in a positien to exert an influence upon most of the governments of Europe In the course of the next ten years. Its desire, we may assume, will be to use this influence in the interests of peace and order. Whether {t realizea this desire will depend iIn large measure upon Its Insight in interpreting the actual situation in Europe. It is time for American to recognize economy internationalism a9 a fact and join formally or in- formally with the other nations in working out political institutions under which International economic interests may be secure.” Mr. Johnson pointed out the risk of conflict of fnterests with other nations where our great corpora- tions seek essential raw materials, 8ome sort of international organiza- tion along could bring order out of the chaos on national interests. The speaker first showed that American investments abroad now approach $10,000,000,000 and are {increasing by about a billlon yearly, By 1850 they might amount to 850,000,000, The policy of “magnificlent {sola- tion" of debtor nations must be al- tered The Gasoline Issue “When America becomes definite- Iy dependent on the tropical and sub-tropical zones for its petroleum supply, twenty-five or thirty million automobile drivers will see record- ed .in the price of gasoline, the progress of sequestration of petrol- eum properties. The contribution to public opinfon will bs by no means strengthened the principle of non-intervention.” Mr. Johnson mentloned Europe, east of the Rhine as still very short of floating capital. The United Btates, he forezaw, would have an invisible estate of some hundreds of million dellars there to conform her interest in law and order. A meas- ure of indirect control by our gov- ernment over loans to foreign gov- ernments and enterprises guaran- teed by them was described as practicable and in this connection America might take cognizance of foreign budgets and international policy. Our government might hold con- Bistently to the view that each na- tion is the final judge of its mill- kary policy, and yet discriminate gainst those nations that appeared 6 be overreaching themselves in a knilitary sense. The commercial policles of the Dnited States government were pre- bented by Dr. Arthur N. Young, eco- homic adviser to the department of btate. Foreign Investments ‘One of the most fundamental of American policies in relation to brade and investment abroad.” he aid, the well known policy of bhe open door. It is one thing for the government {o endeavor to open bhe door if it is not already open. And fo try and keep it open. It is Rnother thing to push American in- ercsts through that door. The de- partment of state endeavors to pro bide the opportunity, a fair field and ko favor. It is for American inter- < 10 decide whether with the op- portunity hefore them they wish to kvail themselves of it “It cannot be sald that the go Srnment pursues a policy of eco- aomic or financial imperfalism, = hen the foreign trade and investment of American citizens ar: voluntary and tre not a means wherehy the gov drnment seeks fo exploit or extend rontrol over other nations. t should be emphasized {hat the Bepariment is entirely impartial as detuween responsible American inter- bste that may be In competition Flierc is no fay m to the rich, Minsy to any particular interest. “In sum. the department of s Uiis o assists and promote nterprise abroad, not by seek- he for it special exciusive privi- kzis but by seel, qualify of op Portunity, not by discriminating for fhe sake of discrimination but rath Ir reserting discrimination for dg tense against unequal treatment: not by urging particular American busi Jess men to engage in particnlar en erprises or marking out the exact thannels in which they shall go. but seeking to create conditions in Yhich legitimate Amcrican enter drises can arried on by iponsoring them or ossuming zov Irnmental respons Jopgtely tets, but by hati ce that Fhat the Americ rimarily needs thance; and mnot Interprises abread to concral uiter- br ends hut by leaving it to Ameri lan husiness men determine bhether their enterprises abroad fan justify themselves on a business nor Jioas not iliti con business An n abiroad inferest man a fair rican basis. “The department thus aime tn cre tte conditions in American Interprises abroad shall be mutually \dvantageous to the Americans con- terned and to those with s hom they teal, and to insure so far as possible foreign tr: and investment not result in national rivalry and cordial relations.” J. Jenks, rescarch pro- ®ssor of government and public ad- hinistration in New York univer- dty. sald the word “isolation” \pplied to America's forei hercial policy was a misnomer. wefined our T » of political ton-interference combined with eco- tomic cooperation. There was lit le danger of economic imperialis te aseerted. and the implication merica or international bankers 124 forced loans upon Latin Ameri- ‘an countries was a mistake “Most of our loans abroad een made for worthy purpeses on jeasonable terms and if the money v properly administered the coun- which nit in solid Jeremiah licy as o tries will galn in strength so that they will be better able to maintain thelr own independence.” location. New Preparation 18 neee Road Conditions in ] State of Connecticut [ shover graay | Portland — Glastonbury-Portland | | ¢nient road under construction, Road fs| 'Mffic open but is very rough. [ East Hampton — I Hampton | 14¥8 may I road under construction but is open| Montville for traffic, [y Poquonock — Sufffeld road under ! construction but s open for traffic Stafford-Union Stafford-Union turnpike under construction, Road closed, Talr retour. East Granby — Windsor Locks Road under construction but is open for traffic. Enfleld — Prospect Hill road un der construction, Road d for through traffic, but local traffic is accommodated. | Simabury-Hart ford Simshury road under construction but 1s open | Uhinprc for traffic. Montiville Crowell — River road 18 unider | Grading construction. Short detour s neces sary at times. Glastonbury — London Turn plke under construction. Short de- tour is necessary at times Hartford — Maple avenue unde construction, Road closed. Short de tour, West Hartford — West Boulevard Bridge under const tlon. Road closed. Short detonr, Wetherstield — Hartford- W field road under construction, detour. Newtown — Bethel road shovel grading la undor temporary detou sary. Kent — Diver road. Steam grading is under wuy on nesw cation. No detours are Redding — Georg Steam shovel grading and Mur construction are under w: ssiry traffie, Plainfield Vew Hartford Putnam under con hei Har unde posted as necos | Norfolk roa construct underp s shovel 1o neecssay iron own Shavon detours Milford ~ Bridge tlon I8 under way detours are t shounld h as possible lders on en to traffie, ved road. Norwich to struet ch — Gallows ford consiruetion | North Can: 1 ion. NEW BRITAIN DAILY HERALD, FRIDAY, AUGUST 21, 1925 TS e e e ——— re necoes ' Torrington — Goshen road is llh-[ Pranforq North B der at innder canstruction. Oper 1 construe Torrington end, Delays at rock cut oh No delay to traffie | “I'm going to take a fall out of |for the clubs was the need to bring hort detour Watertown Waterbury, Water i Colehestor Colchester-Norwich | Lewis " Charles E. Keck, president |t ess men together tn a big city "w‘ , Thomaston road is under con- [concrete road under construction, |of New York Rotary club, sald [to enal m to work for the Al approaches d. | Detonrs posted \ 1oy the v “He's due f the community, delny near ateam shovel | ord Phoenlxville road. |for it. He's just a bit off hs trolley not hester — Rowley street, Win- | Traftie b ing taken of on the f& under construetion, De tour d with ¢ Traffic will ‘ 1 for north hound tr. | while asphalt is being |, Ieh ston Post Road —~ Norwich-Madlyme struction on the 1'ost Road near onstrn Open to New York line. No delay in traf e | N Keelers Hill on the trn Road wnder construc One way traffic throngh con above road ia open but traf g hand fract east bound. Good detour west el with Ay, Lound, | But In traffie, small-town 1 Keek bumptiou and werse small-town |there w in every s & spirit of good fellowship construction Rotary club the real basis Detour posted onsters,"” for concrete and a libury road, Stean way but con wallable road as idable de | &hort | win poste ste over 1o, e annoyed by | Are Lhey leowla fs a merely written two or three some ture withont a plot ‘fi\\yxlhnfl: in the UL 1, Me to | ors who Ha- o ctual facts that they can writer who, sort of a moving pic thinks he knows ken and some other n't ot 1y | | & unay this t him He amble RURTY NEW AW Aug. 21 (Bi—] DISCUSS rd we presen pany | 1 othe inles in the | ite held a | g att Hartford clu mm! were a hi ough man | mis eHng v calle ""“’ ffect of street aston of | allowing resurfacing work is tion : Putnam under con [N Hamden on the hire From Cheshire Milldale-New the into account pd ol stion off B 2 ar \'n far tion on Post en roa : 5 | ven road seitle any que with mecom- | tion 1y the story stra he fixes up a hitle er you call Shore Westport Rost | Shoulders under ¢ rough joh, Milford 10t work follow n Post slruetion 120 Road Oper sters,” READ THE HERALD CLASSIFIED Hebron ADS FORYOUR WANTS truction, Det ore road. Conerate One traffie ur over Uamous Anthor Accused of Not i | cons ction lat a tim Writing His Stordes Iaacly ymond Tl road ne. Detour postod Hinl road orwich g pased Fitehyilte Stratford Trumbull road ey Trumbull-Stratford Bituminous Are, Prepared at home in a minute by briskly stir- ring the powder in hot or cold water., No cooking as They maca “ask for Horlicks The ORIGINAL \ Malted Milk Lim ) tr hester construction, (»— 21 ek fain Stre Rofar ork, Aug vith con striking Safe Milke and Diet For Infants, Invalids, the Aged; Nursing Mothers, Children, etc, @ Zight Gunch: Offfee Hoars for INFORMATION and 1 NROULING Pupils. 2 to b For all members of the family, ailing or well. Serve at meals, and Tucsday and Thursday evenings from 7 to 8 p. m between meals, or upon retiring. A nourishing, easily assimilated Mmm_ Food-Drink, qunckly reheves faintness or hunger day or night. of ' eBal Colelhes works h dicated agh th club is a Norwi Willinmn ENROLL NOW for a Therough Business Training at the newly equipped New Britain Business College Rooms 400, 101, 102, Sov an Bldg, 1G0-162 . New Britain, Conn. Day School, $12.00 per fln(h. Night School §6.00, Private 1escans, © per hour Pomiret strec on. Detour Hin lone, Open to traffic - Nepau road g road i an — N See, A Proba ar Cany Amenia L wiolk, ( nd 1 Under " Tuition on road. @ i , \ . ADBED SPECIALS FOR OUR GREAT JITNEY SALE—5¢ D@W?@ When wa announced anr Jitney Sale last week It met with a great respomse eager huyers. We want to tell yon that we have addo] new ials for fo-mo cials in every department of ou r store—and remembor FIYE CE DOWN 1S ALL YOU NEED. pe LIKE THIS Pas e the 1st week 15e the 2nd weck 20¢ the 3rd week ¢ the 4th week PAY 5 CENTS DOWN 200 rich, sparkling, brilliant diamonds that go on sale Jul 5¢ Down 1eemor on i eue rentt RNy purchase, We want you tn sea thesa beautiful Dia mond Rings in the newest styles and most wonderful TIVE CENTS DOWN will do on any one that you selec mountings, he opportunity of a Ufe time! SPECIAL! SPECIAL! Mountings of green gold, whitr g e tions—each Diamond fs greatly unde priced, Wear one away for Then 50c a week until paid for Perfect cat blue white stones— monns- ings groen zold and white gold — priced sensationally | of low at FIVE CENTS DOWN Pay 5 Cents Down Cents Dow: The Elgin The ifuly a4 Carry cen or white e il filed. A atch that can he rolied upon (o keep time. Chojce n. fancy dis $18.50 VIVE CENTS DOWN WILL hO VERY SPECIAL We have fust received 300 of our 81750 Wrist Special. Tonneau. Octagon and Cushion fewels, White gold filled cace FIVE CENTS DOWN WILT, ho Hampden this won Hampden A eas Watch shapes—16- $17.50 Sc DOWN FOR “1847 ROGERS BROS. ricce Chest of the Famons “1847" Rogers Bros. Silverware rial tch. low price f high timepicce of green or w e zold fiile . $17.50 FIVE CENTS DOWN WILL DO 1l ade secura Toa "THERE'S SOMETHING YOU'LL LIk ABOUT TRADING AT HAEI FIVE CENTS DOWN will do, Towest Price on long time credit $22.20 Consounsren Cruan Conroration, R 1, Distibuted by, Capitol Tobacco Company Hartford, Conn.