New Britain Herald Newspaper, November 10, 1926, Page 17

ECONOMIC STRIFE 10 ENGULF WORLD Student of Economics Predicts Trade War Between Nations “I hope I'm the biggest liar in the * world,” sald Russell Ayres of the Choate school in Wallingford at a meeting of the Exchange club at the Burritt hotel last evening. “but I am predicting one of the bitterest economic wars in all times to visit| the world within the next few years. With the protective tariff arming | this country against a foreign in- vasion of industrial goods, foreign countries have also armed them- selves with trusts and tariffs that will strive to combat with American goods within the next few. years. I doubt very much whether the pro- tective tariff in this country will be lowered within our day. The re- publicans surely will not lower it and the democratic south has found that it needed the issue for the pro- tection of its. infant industries that are growing below the Mason-Dixon line. “A short time ago I was speaking to the dean of Chester cathedral in Fngland and the dear old man said that the French debt to the United States could never be eettled until this country lowered the protective tariff. He said that our tariff stemmed the flow of French goods to this country, that our national laws forbid the importation of French wines and the French hvd no gold. The dear old dean did not, to be frank, know what he was talking about. Our tariff does not directly influence French goods because all nation’s commerce is so wide spread that 1t 1s impossible to stem any one country’s goods from entrance into this country. We give goods to Fngland, England gives goods to Brazil and Brazil gives goods to us, the cycle continues between all the countries of the world and it is im- possible to put one's finger on any one country that is hurt by our tariff more than another. Blames Doggone French Peasant “It's the French peasant, doggone him, that won’t pay up. Fach one has a sock and he wont realize the loss on that sock that the war has brought to other countries. The Fnglishman hears of a new exor- bitant tax and he digs down and pays up. The Belgian hond holders lost 87 per cent and they grinned and bere it. But the Frenchman hangs on to his money and shakes his head. No sir, they won't take the loss. “Personally T don’t think that France will ever pay up the war debt. The money they will borrow on bonds will make the present debt insignificant. Rut unless France makes some pretense of paying up, it will be impossible for her to float bonds In this country, so €ome ges-, ture towards the debt payment is| probably forthcoming.” Ayres then went on to show how Trance, when it should have direct- ed its efforts towards the most radi- | cal retrenchment, flung milllons into | P —— THE STORE OF FASHION Silk and Cloth DRESSES $14.96—$16.50 Finest of quality fabrics, most individual interpre- tation of new styles, in a brand new line which we are now putting on ex- hibit.” The new colors, fabrics and patterns. The Woman’s | pended. the wind in North Africa and in the White Woman Prisoner Little Entente even as we did, after the Civil war, waste millions in the south. Ayres further averred. bonds and further loans the present amount might be cleared up. I do not think that Coolidge and the ad- ministration are particularly anxious that the debt be settled immediately, but they are waiting for that gesture of payment that will signily the time is ripe for the . recelving of French loan bonds for our bankers to snap up and realize on the in- terest.” He's Democrat, Audience Republican Ayres sald he was a democrat and stuck to it in the face of the roomfull of republicans. He gave instances of the silence of the really great men when approached on the French debt settlement question, in- cluding Secretary Mellon’s unlimited advice on—ancient history. It is im- possible, he stated, to get a word on the subject from the big men of the country. He ended with an appeal for fidelity and friendship between the countries and the end of the idea that the best system was to “get” other countries in the eternal peace time economic war. If France or any other country 1s made to suffer, it will affect the whole world —she must come up to the level some way, even if we are made to suffer on the debt proposition, Ayres averred. Tollowing the meeting he was bombarded with questions which he answered from authoritative books and public statements. He was given a rising vote of thanks by the assembly which assumed large pro- portions despite the weather. JUDGE AND CHIEF BOTH PLEAD FOR MOTORIST Petitions for Leniency On Man's Ap- | | | | peal Followed by Cut Sentence. Bridgeport, Nov. 10.—(P— Let- ters from Freeman S. Light, Judge of the Norwalk city court, and Chiet William R. Pennington of the Norwalk police department asking that leniency be shown in his case availed Ralph Charriot, 26, of Nor- walk little 'when he was arraigned in the criminal court of common pleas yesterday afternoon before Judge Frederick W. Huxford. Charriot was arrested in Fair- fleld on June 20, 1926, charged. with operating a motor vehicle while under the influence of liquor. He was fined $100 and costs in the Fairfield town court and sentenc- ed to three days in jail. He took an appeal. In the meantime Prosecutor Loren Willis of the court received the letters from Judge Light and Chief Pennington stating that Char- riot had never been in trouble be- fore, and that he was easily led. | The letters evidently had little ef- fect upon Judge Huxford, for he added seven more days to the -jail sentence and sustained the fine. Later, however, the judge ordered | that after Charriot has spent onec | | | day in jail, the other nine be sus- Park Street Park Street Shop 164 MAIN STREET Of Chinaman 14 Years |in New York's Chinatown reve.led a white woman who detec- tives said had been Leld a prisoner for 14 New York, Nov. 10 (M—Arraign. |years. “Interest will solve the debt,” |ment of Gladys Moy, 37 years old, “Through [on a charge of possc-sing narcotics, [merchant of the quarter, who police AND ‘DESCO SCORES AGAIN She is the wife of Harry Moy, & sald never allowed her out of his building. She was held for trial She was arrested n a rald on the Moy home. READ HERALD CLASSIFTED ADS The Stran Will Have ALL of its Dry Cleaning Done by the Desco Process The smart uniforms worn by the ushers, the curtains, tapestries, and all other hangings will be handled by the Union Laundry Company. ' Fl This official appointment by the powerful Hoffman Brothers' Enterprises is but another recognition of the positive fact, DESCO IS DRY CLEANING AT ITS BEST 266 Arch St. 58 W. Main St. Tel. i 904 DELIVERY SERVICE EVERYWHERE The LUMBER, PLASTER and GYPSUM BLOCK for the Was F fimi shed By Us New Britain Lumber Co. Incorporated 1871 New Britain New Strand Theater New Britain Lumber Co. Luimber, Mason Supplies, Interior Trim, Roofings, Wall Board, Etc. New Britain Entire Stage Equipment of the Strand Theater Installed by The Landish Studios Rutherford, N. J. OLZ The Florist 78 West Main St. . - Phone 3700 Flowers For All Occasions. Prompt Delivery and Satis- faction Guaranteed. Prices Reasonable. - Congratulations to the Owners of the New Strand Theater — VOLZ The Florist 78 West Main St. Phone 3700 Best Wishes to the trand Theater The Arthur Fisher Vaudeville Agency New York City