New Britain Herald Newspaper, February 2, 1927, Page 5

i ) e e T R 55 S FORD HOTOR (0. - EXPECTING BOOM Next Five Years Will Be Best,| Is Prediction Washington, Feb. = (UP)—The Ford motor company wlll have its most profitable business during the | next five years, according to Norval A. Hawkins, Detroit, in to the United States board of tax appeals in its ing on the legal- ity of a $36,000,000 assessment against individuals who sold Henry Ford minority stock in his company in 1919, Hawkins, former for Ford, s4id the company had made $35,588,000 profit from 1903 to 1913 and nwore than $299,000,000 from 1913 t 1910, “Ford has his company so arrang- #d with “key men" that, he or any official could drop out of the bus- Iness at any time without causing the firm embarrassment,” Hawkins Informed the opening session of the hearing late yesterday. “The company sold mobiles in 1912 and 182,000 in 1913. At no time in the history of the company had production equaled sales orders.” he'added, pointing ont that a Ford is turned out every minute now. The main controversy in the iax controver: over the value of the IPord stock in 1513. The government in 1918, when the minority stock was transferred to Ford, placed a value of $9.500 a share on it. Later in 1925 a *“jeopardy” tax assessment was made placing the valuation at $3.500. isposers of the stock had pald TUncle Sam $£22,000,000 in profit tax- es but the internal revenue bureau decided that under the revaluation an additional 236,000,000 was due. Hawkins said he believed the stock was worth $10,000 a share, pointing ont that while the company was capitalized at only $2.000,000 the stock had risen to a selling point of at least $200,000,000. Juodges Strenhagen, Van Fossen and Marquette of the tax board ques- tioned Hawkins' method of valuation and severely criticised it. Stren- hagen told th witness he was a promoter, not a financier. Hawkins said th> TFord sales manager has no testimony | 76,000 auto- | all the money he wants by gettin a profit of $10 n each car he sells, the witness continued. “If the car |is sold at actual cost Ford would |still make a profit from money in |banks earning dividends, sale of junk from left over parts, and various |other means of savings in the bus- |iness.” Hawkins said the average life of a Ford car is three to five years. He |advised the court not to ‘“worry about Ford's future.” Ford has never been in a tight hole, he stated. |Spring Hardware Lines Increased Activity | New York, Feb. 2—"Hardware {business during the latter part of | January gradually g: d impetus [for the spring trade, which is being | eagerly looked forward to by all [branches of the trade, according to | market | | reports from the various | centers,” Hardware Age, in | weekly market summary, will say tomorrow. Salesmen are reporting sizable increases in orders for spring |lines and also a better volume of |fill-in orders from retailers. “Few important price changes have been made during the past week, notably wrought steel goods of all kinds, on which the leading manufacturers have announced ap- imately a 10 per cent advance price list on dry cell bat- |teries also took effect Feb. 1, show- ling higher prices on some items n general, collections and cred- seem to be improving in most tricts. In commenting on the outlook for spring trade, fa 'most territories are very op and anticipate a sat its WRITE ON TONSORIAL ART Santiago De Chile, Feb. 2.—(UP) The profession hasacquired certain Lacsthetic proportions in Santiago {through the efforts of the barbers | union, which recently distributed a varied assortment of awards for iworthy literar: !to various phases of the tonsorial |art. | Rogelio Vallejos received an | elaborately worked medallion of gold |for nis treatise, appropriately enti | tled “The Queen of the Curly Hai | Other prizes ranging from silver medals to hair clippers and tweezers were distributed among competing § barbers. | ool | WOMEN DESIRE VOTE | santiago De Chile, Feb. 2.—(UP) | —Continuing ‘their struggle for po- |titcal equality, Chilean women are | concentrating their efforts toward | | | | fate NEW BRITAIN DAILY HERALD, WEDNESDAY, FEBRUARY 2, 1927. CRUISER BILLT0 CONERENCE TODAY Coolidge However, Still Has One | Last Chance toKill It | Washington, Feb. 2 (UP)—The| of three new battle cruisers, voted by the senate, hangs upon ten men who will gather about a table to smooth out differences be-| tween house and Senate over the naval appropriations bill—and final- ly, upon President Coolidge who opposes their construction. The bill went today to confer-| ence, after being passed yesterday by the senate, while the house. did | not approve the cruiser appropri-| ation, house conferees were expect- | ed to give way in favor of it. But President Coolidge has power to withhold the $1,200,000 for be: ginning work July 1, and the deci- | sion will rest with him finally if the conferces approve their con- | struction. Senate &pokesmen pre.l dicted he would refuse the funds.| However, the president was expect- | |ed to consider his course carefully! lin view , | hous | teapot, expositions pertinent | of the nearly two-to-ono | vote against him in the senate, 47 28. here was ntuch fuss in both| s over the cruisers. The storm | might be likened to a tempest in a| as the cruisers will not be! completed for five or six years if construction is begun this year, and three light cruisers are not many. The fight was chiefly symbolic. President Coolidge, on the one hand | urged delay because of his negotia- | tions for another arms conference, holding out construction of the cruisers as a symbol of ill will. Navy | champions in both houses rallied about the cruisers as the symbol of naval expansion and preparedness. They argued that t were neces- sary to bring the flect up to those of Great Britain and Japan. but if their figures are taken at face value, t would require more than three, The result of the se: e fight can- not be interpreted as of far-reach- ing consequence, for many who vot- ed for funds for the cruisers, which | were authorized in 1924, would not ecompetition in the automotive field. | winning the right to vote in munici- | He said that when Pierre DuPont met Henry Ford some time ago he |this right with reservations has al- | ]17 College Seniors to advised the flivver king he would run hijn a close second in small car com- petition but that “he would never trample on Ford toes.” “Ford has often said he can make 1 pal elections. A measure granting | ready been approved by the national senate and Chilean executives of the | International minist Congress hope to secure its early passage in the chamber of deputies, vote for any substantial increase in the navy during peace times, most of them are in favor of another arms limitation conference. | Have Practice Work | Storrs, Feb. 2 (A—Seventeen wo- | men students at Connecticut Agri- | cultural college, all of whom are seniors in the course leading to a de gree in the teaching of home econ- qmics, start next week a 1onth's apprentice teaching in high schools throughout the state, it was an- nounced here today by Miss _ ‘llie Knappenberger, associate professor of home economics education. This practice teaching is required under the provision of the Smith- Hughes law, in order that the young women may be eligible for degrees next June. IRISH CHANNEL IS NEXT SAYS SWIMMER Sulivan Anxious to Negotiate This 65 Miles Swim and Thinks He Can Do It. Long Beach, Cal, Feb. The Irish from the English coast is the next objective of Henry Sullivan, veteran swimmer who Monday became the second man and the first American, to negotiate the channel. “I want to make a 40-hour swim and I think the Irish channel will| do nicely,” Sullivan said in explain- | ing that, as he had conquered the English and Catalina channels, he was ready for a more difficult task. Sullivan yesterday received a flood of congratulations on swimming the channel between Santa Catalina Is- ! land and the mainland. While the swimmer took 22 hours utes to negotiate the course, for which George Young, 17, vear old Toronto, Ont., youth won the $25,- 000 Willlam Wrigley, Jr., prize he blamed his longer time on adverse | tides. The tide battled by Sullivan Mon- day night was the highest of the vear. At one time it carried him ten miles off his course in an eleven hour fight. At the close of the swim, however, it turned and, with its aid, Sullivan did the last six miles in three hours, He estimates that he covered 30 miles in crossing the channel of twenty ¢dd miles. Sullivan plans to ecaturn to his home and family at Lowell, Mass., at once. HANGAR CRUSHED BY SNOW London, ‘mporary hangars at Croydon col- day under the weight of snow, destroying a istry. Several Hadley Page and Napier planes, owned by the Imperial Air- ways Company cross-channel transportation, wers slightly damag- ed. JANUARY WEATHER WAS ABOUT NORMAL th Wes Warmest and 27th the Coldest New Haven, Feb. 2 (#—The tem- perature of January was practically normal, according to the monthly meterological summary {issued by the U. 8. weather bureau here. The maximum for the month was 35. against a normal maximum of 39 The minimum was 21.1, the normal minimum being 20.5. The mean temperature for January was 28.4, 2 (A—| channel, a 65 mile swim | Santa Catalina | nd 45 min- | Feb. 2 (UP)—Four large | large experi- | | mental air lines belonging to the aid while the normal means was 28.3. The highest temperature for th month was 50 degrees on the 20th and the lowest one degree below zero on the 27th. The greatest daily range 33 degrees on the 26th. The snow fall for the month total- led 9.9 inches, the normal snow fall being 10.2 inche The greatest { snowfall in 24 hours was 4.8 inclies on the 15th and 16th. There were 12 clear days, eigh | partly cloudy and 11 cloud Th | total hours of sunshine were 165.1, the number o irs of possible sun- shine being 2 3 The winter of 1925-26 was very mild, with temperature consideral bove normal. There was only on ers snow storm, which occurred on . 3 and 4, when more than a foot of snow fell. The spring v ol windy and dry. The summe mperature »out normal ex- cept for a hot wave in July whic i sent the me ¢y up to 101 degrees, { which is the highest ever recorded a The fall was very | pleasar a cold month with considerably more snow | than usua The amount of snow that fell dur- ing the year was 43.5 inches, whicl is just a little more than usual. The total amount of precipitation was 43. | inches, which is slightly below the normal. There were fjve 3 when the temperature was above §) degrees and none when it was below zero. There 141 clear days, 113 partly and 11 cloudy. | The longest spell without rain wa 13 days in September and the great- est number of days with rain was 8 in August. Thunderstorms occur- red on 34 day: | Records taken over 36 years indi- |cate that the greatest number of | fatal influenza cases occur about tha I ninth or tenth week of the year, and |the fewest about the 35th or 36th week. Giving Away Good Used Car A revolutionary Car Sale proposition based on a common sense idea. Here’s the plan in a nutshell:— First—Select the Car you want to use from the following list of perfectly reconditioned, fine looking Automobilest Wise, Hmith § f{ARTFORD ) ne Final Disposal of All Our Luxurious Fur Coats Radically Reduced for Final Clearance We believe this to be the best opportunity in Hartford this season—to secure a high quality Fur Coat at a price that will prove a decided saving. 7 Sealine Fur Coats— Were $129.00 and $139, at Brown $135.00, at —Was $125.00, at . 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