New Britain Herald Newspaper, July 13, 1927, Page 12

. For Police and Mayor Writes to Commis- sions Asking Them to Study Methods Used in Other Cities. Members of the police and fire hoards have received letters from | Mayor Weld recommending that a merit system be Installed in both departments to govern appointments, his obective being to take the mat- ter of selecting members of both de- | partments out of politics. Inquiry will be made by Clerk | Joseph A. McGrail of the board of | police commissioners into the prac- tice {n other cities relative to mak- -ing promotions in police departments as a result of the recommendation. Chairman Chamberlain reported re- ceipt of the mayor's letter, at the meeting of the board last evening and after a brief discussion it was Fire Depts. Here TOBACCO MEN MEET Fate of Connecticut Valley Tobacco Association Now Appears To Be Hanging in the Balance. Hartford, Conn., July 1 (P—With the fate of the Connecticut Valley Tobacco association hanging in the balanc:, a new organization to con- sist only of Havana seedgrowers is being formed, according to reports made at a meeting of the eleventh district of the association in Hazard- ville last night. Members announc- ed that agents of Joseph W. Alsop, | president of the present association have been quietly soliciting a new | sign-up among Havana sced growers | for some time and that several Ha ardville growers have signed this new contract. Approximately one- half of the 3,300 members of the “onnecticut Valley Tobacco associ- | | ation are growers of Havana seed. The eleventh district, made up of growers in the town of Enfield, be- NEW BRITAIN DAILY HERALD, WEDNESDAY, JULY 13, 1927. Merit System Proposed By Weld |EAST IN GRIP OF |GHENEY PROBABLY BAD HOT SPELL (Continued from First Page) relief was expected today, as thun- | derstorms were foreciit by the weather bureau. Knife Thrower Crazed. | New York, July 13 (UP)—A pro- fessional knife thrower, skilled in Jjust missing targets, became crazed by heat and a desire for vengeance carly today and hurled an array of Kitchen cutlery at cooks in a Coney | Island hotel Kitchen, patrons of an | adjacent combined motion picturc theater and restaurant, and poilee- men. All of the knives just mis six bullets gun hit their: ' Andrew Driestra, 42, was killed. | Chester Sherman, 31, a bystander, | as wounded by a stray bullet. A score of women and children were trampled in the panic in the ; theater-restaurant when the scream- ing madman rushed from the kitch- en into the cafe, but none was seri- ously injured. It required an hour | from a policemar’s | SENIOR GOLF CHAMP 'South Manchester Man May' Repeat His Win John P. Cheney of South Man- shester, chan pion of the Connecti- cut State Senior Golf association for the past three years, had apparently repeated his previous triumphs another victory over the Shuttle Meadow links here, indications were when more than half of the cards had been turned in this afternoon. He shot a gross of 80 in today’s 18- hole round, which, with his §1 made yesterda gave him a gross of 161 for the 36 holes and put him at the front of those who had finishcd Tredennick of Highland was nearest rival. Tredennick, who scored low gross yesterday with an S0, struck hard going today and pile up an 84 for a total of 164. None of other senior golfers who had scores ap- proaching and Tredennick. E. Allen Moore of this city, who th with | tHAYOR ASKS LINDBERGH T0 GORNERSTONE LAYING Hoped, Will Attend Ceremonies At Walnut Hill Transatlantic Flyer, It Is Mayor Weld today telegraphed Col. Charles A. Lindbergh inviting him to be the guest of the city of New Britain at the exercises attend- ing laying of a cornerstone in the World War memorial next Wednes- day. | The intrepid air mail flier who| | won the distinction of being the first man to complete a transatlantic afr- ! plane trip is soon to begin an air tour of the country in the interests of commercial aviation and since his itinerary is belicved to be incomplete | Mayor Weld is hopeful that he may in a position to come here for |the cornerstone program, particu- {larly as he will be in Hartford, it is | expected, on the same day. I 7If it is possible for Lindbergh to accept the mayor's invitation, a {place will be provided for him on he program; if not the original| plans will be carried out. It is ex- | pected that an answer may be re- I ceived before the end of this week. | cisely LOOMIS TELLS HOW tial Things Banker Requires A comprehensive knowledge of the buying and selling markets and an intelligent advertising policy, are among the essential things a busi- nessman must have who borrows money from a bank, according to John C. Loomis, president of the Commercial Trust Co. Mr. Loomis spoke at the meeting of the Kiwanis club today, on the subject “The man who borrows money."” His talk in part was as follows: “It is sald that even the devil on occasions will quote scripture. Sup- ported by this precedent, it seems to forgiven should he choose a text from the scripture, particularly so when the selection summarizes con- to the mgn who borrows money. The text is this, ‘To him who hath shall T0 BORROW MONEY Bank President Explains Essen- me that a mere banker might be | the principle by which tho‘ banker is guided In extending credit | ables to merchandise, debt to net worth and net worth to fixed assets. The second group (dynaimic), sales to receivables, sales to merchandise, sales to net worth, sales to fixed as- sets. “The current ratio of quick assets to quick liabilittes determines the degree of liquidity. “The ratio of receivables to mer- chandise will reveal the presence or absence of window dressing. While it is not a common prictice, yet there are instances where a mer- chant with statement time near at hand, and desirous of bolstering up his current ratio, will resort to the guestionable expediency of inducing a friendly buyer under a repur- chase agreement to Luy : substantial |amount of his merchandise with cost plus the profit being Treflccted in the receivables, thus obtainirg an en- hanced current ratio, with which to go to his banker for a line of credit. | The so called business cycle is re- | flected in this ratio; a sising market |swelling the receivables, and a fail- ing market curtailing them. “Debt to net worth. In most busi- Dess enterprises, there are two forms of capital employed; the owaers' and creditors’. The ratio between the amounts of those two Cetermines vho really owns the Lusiness, the owner of his creditors. “Net worth to fixed wssets. This ratio determines the amount of net sulting board. NELLY DROPPED FROM FIRE DEP: Substitute Dismissed for In Subordination As a result of charges of insubs ordination preferred by Chiet Wile liam J. Noble of the New Britain fire department, Willlam P. Kelly, Jr., of 48 Talcott street, a membeg of the substitute force of the dee partment, was dismissed by thq board of fire commissioners at g meeting held last night. It was alleged that Kelly called at the office of the chief on Mons day afternoon. He had been filling in as a substitute during the vacas tion season and, after turning in hig ine the keys he is said to have made remarks concerning He was appointed to the substitutd force on April 2, 1923, and was re« ported to have stood an excellent chance for promotion when the nex{ vacarcy was to be filled. Albert Lindquist, 28, of Waketield i i | court, and Philip Paquette, 30, of 181 Wilcox street, were appointed to the substitute force. Patrick Ag Kelly, 26, of 47 Farmington avenue, and Vincent F. Egan of 180 Curtis street, applicants for positions om the substitute force were ordered ta report to the department physiclang be given, but ffom him who hath not shall be taken even that he hath.” for 100 police reserves to disperse | the crowd which gathered outside the place. Driestra had been a knife throv.- er and hanger-on of concessions at Coney Island for years, but recent- Iy he had found difficulty in obtain- conduct of the business. “The dynamic or velocity ratios. L | Sales to receivables—brictly, this ra- Literally translated, that pas-|{jo shows the degree of Iquidity of sage might well create fear and |yeceivables. There are other factors hopelessness in the minds of the un- | ¢,ch as terms of sale which have to fortunates, and justify vanity and ). taken into account in crder to ob- arrogance in the attitude of_ the | iiin accurate information. gan the insurrection against the present management of the associ- ation and last night solidified its opinion by voting unanimously to put the district on record as favor- ing the movement under way for the appointment of a receiver to li- came in first yesterday with a net of 67, continued his good work to- day with a net 73, making him the lowest man so far with a net of 140. He made a gross of 95 this after- noon, his handicap of 22 bringing his score down to 73. voted to obtain information bearing on the systems in effect elsewhere. It appeared, from the comments of the commissioners, that it might be well to carry out the mayor's recommendation. Commissioner Ban- non remarked that the officers and GIRL AVIATOR 1§ GENTER OF STAGE He worked for a members of the department might find an incentive to work harder if assured that consideration would be given to their efforts and accom- plishments. Fire commissioners were of like mind and will also make inquiry through Clerk Thomas J. Meskill. The mayor's suggestion to the po- lice commissioners follows: “I should like to suggest that your commission investigate the advisa- bility of instituting a merit system in your department. It would seem to me that almost anything that could take the appointments out of politics would be a good step for- ward. “I should like to compliment your | board for the turnout for the dedi- cation of the Spanish War Memorial. It was a very fine showing and I am sure created a very favorable im- pression throughout the city.” To the fire commissioners, Mayor | Weld wrote: £ “I should like to suggest that your commission investigate the ad- | visability of instituting a merit sys- tem in your department. It would seem to me that anything that could @'ke_the appointments out of politics uld be a good step forward.” JUDGE BACKS POLICE IN'WAR ON SPEEDING (Continued from Fwst Page) AMcDonough said the case is of great fmportance to Zehrer on account of the need he has for his license. He was not violating the law, despite the | officer's testimony, and he was not endangering his safety, the lawyer said. It would be well to have the speedometers on police motorcycles tested dally as done in New York, the attorney said, and Mr. Woods replied that had a tire blown out while Zehrer was going 58 miles an hour, a fatality might have resulted. There was no question of the guilt in this case, he said. -* “Thomas Curcio, aged 3, of 29 Lo- | cust street, pleaded not guilty to the charge of speeding but Judge Saxe imposed a finc of $10 and costs with the observation th:t 34 miles an hour on Frank.n square at 5:20 | P, m, is too fast for safety. Motor- eycle Officer David Doty testified that Curcio passed three cars be- | tween Whiting and Pearl streets on South Maiy street and Franklin| Square and was clocked at 34 miles an hour. Curcio said that he was not driving faster than 15 miles an hour. ! The officer said, in reply to Judge Saxe, that the traffic was quite heavy at the time. Edward Murtha, aged 21, of 40 Talcott street, was fined $10 and costs for speeding on Stanley street. He pleaded gujlty and said he had repaired a car and was trying it out when Motorcycle Officer Harper overtook him. The officer testified that he saw Murtha driving at the rate of 42 miles an hour about 10:10 last night. In the case of Henry J. D'Aversa, aged 18, of 65 Lorraine street, charged with operating an automo- bile without a registration, judgment was suspended. Judge Saxe warned him to be certain that he carri the necessary papers while driving. On recommendation of Mr. Woods a bond of $2000 was ordered in the case of Henry O'Neil of 718 Arch street, and the case was ¢ontinued | nntil August 1. O'Neil jumped through a third story window at his home the morning of July 2 and is at New Britaln General hospital. When he is able to leave the hos- pital it will be impossible to con- fine him at once to an institution be- cause of his injuries, Mr. Woods sald. He is charged with operating an automobhile while under influence of liquor, while his license was un- der suspension, and taking an auto- mobile without permission of the owner. SLOPER 78. Andrew T. Sloper of | Mew Britain ional bank, former | state senator, and one of the most prominent residents of Connecticut in banking circles, will o 78th birthday anniversary tomor- | row. He was born in Southington, | July 14, 1549, but has spent prac- tically his lifetime in New Britain. Despite his years, Mr. Sloper is about his duties daily. A few vears ago he was seriously ill for several weeks and made a remarkable recovery President 100,000 BOND ISSUE New Haven, July 13 (®—The § 100,000 bond issue of the New Haven Water campany soon to he released will yiel' 4% per cent and will be vailable through brokers offices it s announced today by Goudin Y. ailland. president of the company. v The returns from the issue will be | used to defray current expenses, now under way in North Branford. presumably the construction work hserve his | ¢ quidate and dissolve the association. BENSON WILL CALL (45 PROBE MEETING Agrees to Accept Chairmanship Aiter Gonference With Mayor Ralph H. Benson, secretary of the Chamber of Commerce, who yester- day was appointed chairman of the mayor's special committee to fin- vestigate gasoline prices today held a conference with Mayor Weld rel tive to the objects of the committee. Mr. Benson did not know of his appointment last evening untd he read the announcement in The Herald. This morning he received the mayor's letter, but deferred ac- cepting the appointment until he had consulted with chamber officials. In the absence of President W. C. Hungerford, George H. Dyson, vic president, advised Mr. Benson's ac- ! ceptance, stating that he thought it was a logical position for him. Mr. Benson will call a meeting of the committee at the Chamber of Commerce rooms some time tomor- row forenoon. The committee, according to the vnderstanding of the committee chairman, is simply for the purpose of investigating prices from an in- formation standpoint. Further ac- tion has not at this time been con- sidered. As a coincident with his appoint- ment as chairman of this committee, comes the information that an in- dependent statewise Investigation of the difference In gasoline prices be- tween this and nearby states was started at Mr. Benson's initiative a short time ago. Noticing that gaso- line sold in Massachusetts towns for 15 to 17 cents, while it sold for 22 to 24 cents in New Britain, Mr. his information before the Connecti- cut State Chamber. That body now is pursuing the investigation throughout the state. The local committee will not be tied up with the statewide or any other movement, but will function In an independent capacity, unless later developments cause a change in pol- fey, Mr. Benson stated today. The committee consists of Alder- man John F. Mearz, Councilman Stanley M. Cooper. P. J. Gaffney and Walter L. Bell, with Ralph H. Bers son, chalrman. HLAN SUPPORTED NEGRO NEWSPAPER (Continued from First Page) were made out to W. H. (Big Juck) Jackson, owner of the Ledger, and were for $320; $600; 3200 and $200. The notations by Stephenson were made while he as awaiting sentence to life imprisonment for the murder of Madge Oberholtzer. He busied himsel? in the Nobles- ville (Indiana) jail with assorting and identifying various document. Floyd Christian, an attorney, d Stephenson told him of hopes of using the checks to force men in- volved to procure his r se. The notations we of the same general purport—that the moncy represented by checks was paid to the Ledger or to its owner for Gov. Jackson's publicity. “Big Jack” Jackson said today that he remembered the $600 check, but could not recall the others, “It was paid for papers or pul licity or something to help G Jackson, hut I am quite sure that I the Times quoted him as saying. Importance of Checks “The importance of these chack Boyd Gurley, editor of the Tins wrote in his story, “lies in their revelations of th activities of on in behalf of Jackson and g the statement credited 1o nt thou- sands of dollars in behalf of son. “This statement by friends of the go Promise that other docu be published later will “be ation to many gro citizen Jack- a revel- s and 1o 1 was made by the Times ¥ Michigan City, Ind., July 13 (Uk “urther publication of b, Stephenson’s private documents to- day brought Prosecutor William H. Remy of Indianapolis to M City to interview the former | the Ku Klux Klan in the s I'son here. Remy wa izan ad of pri- accompanied by Special Prosecutors Emsley Joh and John W. Holtzmann as- sisting him in the Indiana political now under way in North Branford. mvestigation. Benson investigated quietly and laid | did nothing to incriminate myself,” | ing employment. while as a dish w ton hotel. Yesterday he was About 1 p. m. today be entered the kitchen of the place and was grect- ed by employes. He appeared surly. Fifteen waiters and chefs were in the Kitchen. Driestra walked to the chopping block where cleavers and a varlety of knlves were lying. He started throwing them and screaming. The waiters and chefs ran for doors | and windows. Several dropped 15 feet to the ground. Others ran into the theater-restaurant. Driestra followed. Six hundred patrons dash- ! ed for doors. i Policeman Gilbert Holmes made his way through the crowd with pis- tol drawn. Driestra retreated to his source of ammunition. As Holmes followed him through the kitchen door a meat cleaver whizzed past |his head and stuck in the door. { Holmes fired. Driestra, hit in the | shoulder, threw another knife and | missed. Holmes was firing as fast | as his gun would shoot. Two more bullets hit Driestra, one struck Sherman, wounding him slightly, {and several went wild. Driestra rushed Holmes, long knife above his head. fired again, and Driestra dropped dead with a bullet square between the eyes and the knife still in his hands. Holmes and Patrolman George M. Egan, who assisted him in the bat- tle, were commended by their su- perlors today for shooting Driestra, They saved not only their own lives but probably the lives of hystanders as well, police officers said. asher at the Bos- lifting a Holmes Hot in New York New York, July 13 (P—Although the weather man said that the city’s 50 year old heat record of 97 degrees for July 13 was in no danger, New Yorkers were satisficd today that the | | | i record | \heat they had was plenty, breakink of not. Starting at 74 degrees at four o'clock in the morning the mercu | had climbed to 80 at 10 o'clock. T { humidity at that time was 72 and a {hazy mist hung over the city like a hot blanket. The weather bureau | predicted continued rise in tempera- | ture until mid-afternoon. Boston, July 13 (3)—This city pre- | | pared itself today to endure another period of stifling heat with suffering increased by excessive humity. The temperature, which reached 89 de- sterday, was 72 at seven this morning and began a steady climb of four degrees an hour. The humidity was 61. The weather bureau saw little relief in prospect before tomorrow. Washington, July 13 (UP) A great heat wave covered the entire region east of the Mississippi river today. Another night of swelter and humidity was indicated. The U. S weather bureau prom- ised relief for the Great Lakes and Ohio Valley regions by tomorrow, but middle and north Atlantic states are not due for cooler weather un- til tomorrow night. Thunderstorms are expected to- night in many of the areas under- going tropical temperatures. Multimillionaire Twelve Years Ago; Now Broke Uhiontown, Pa., July 13.—(®— His wealth appraised at some $70,- 000,000 12 years ago, Josiah V. Thompson, former Uniontown bank- er and coal operator, now is penni- according to a statement he fil- ed in court here toda Called upon to account for $145, 000 in an estate of which he was trustee, Thompson, who went bank- rupt in 1915, claimed he was with- out fund 0. D. H. h Eintracht lodge, O. stalled the following officers at the meeting last night: President, Al- Hejne; vice president, Carl mm; secretary, Louis Lehr; fi- neial sec George - Hagist; treasurer, Otto Leupold The exercises were in charge of Deputy Max Graesser, W. Ramm and John Thoma. i d J. Donnelly of Willimn: ic, of the Affiliated I change clubs of Connecticut, was the speaker at the meeting the Ex-| change club last evening. Members | Meriden club were present. ber gifts were made to who recently was married. A bouguet of roses was sent to Mrs, Tayntor with the com- pliments of the club. tie, president A nu Harold vntor, of HONEYMAN SUED. D. Honeyman of this city h 1 sued Howard S. Grave 1 in a complaint fled in su- court at Springfield. Attorney | I". Moriarty is ccunsel for tthe plaintiif, discharged. | ¥ F. S. Slossen of Greenwich was second with a 68 today added to yesterday's 73 to give him a total of 141, one more than Moore's. E. A. Moore Leads E. Allan Moore, playing on his home course, led the ficld of 54 en- tries in the first round of the tour- nament yesterday with a net scor of The entry who comes through the 18 holes today with the lowest net score for the two days' play i the 36 hole tournament will be de: clared the champion of the senior: for the coming year. J. P. Cheney, defending champion and winner of the title for the past three succes- stve years, had a gross of 81, which, with his handicap of 7, gives him a net of for the first round. Moore had a gross of 83 which, with his dicap of 22, gives him a net of Exceptional scores were turned in all during the 18 holes yesterday. The seniors, each man at l years young, would put to shame many a younger man who consid- ers himself in his golting prime. The suc of the players, in a great measure, was due to the ex- cellent condition of the course. No where in the state is there a golf course so well cared for as at Shut- tle Meadow. Val Flood, pro and greenskeeper, demonstrated the fruits of his more than 50 year experience in this line to no be ter advantuge than at the pres time when the greens are like velvet and the fairways things of beauty. Tor golfing, the tees, fairways, the tough and the greens are as ne to perfection as is humanly pos sible to make them. Ed T anick of the Highland Country club had a gross score $0, the lowest for the Cheney of South Manche lowed him with 1 while W. C. Chency next with an 84. W. A. Rice of New Haven sped around $6 to tie with A. H. Chase of Nor- wich. In the field, 14 of the golf- ers came in either in or under £0 gross. It will be tough sledding for the champion to come through to Te- peat his title winning stunt again today because he will be called on to shoot remarkable golf to do it. He is the lowest handicap man on the list, only seven strokes being allowed him in the play. F£d Tredennick just barely missed breaking although that gave Tim low gross. He got in trouble on tMe eighth and chalked up a a0 to rob him of a lower gross t he had. He had a 43 going out and a 37 coming in. The scores of the leaders in the field for the first round follow: A. Moore, Shuttle Meadow, 89-2 Norwich, $6-1 r, Shuttle Meadow, Cheney, South 68; H. 8. Seele B. Trec Highland, $0-10 2 Waterbury, 95-25-70; K. New uven, 87-16-11; Lobmnson, Shuttle Meadow, (1; A C.oJudd, Waterbu Hammond, Manch nt $8-20-68; Mancheste n ¥ A Moory, walkiey, Shuttte | Meadow, Brooklawn, 4 Greenwich, Highland, Highland, 94-21- Brooklawn, 100-2 Bud Stillman’s B. A. Deloss 5 ¢ . Tredennic nd I C. Hung, (NEA Service, New York Burcau) One of this year's Princeton Unive graduates was James (“Bud’ Stillman, son of the reconciled Mr, and M ames A, Stillman, whose w York divorce suit was for years a national sensation. Here's “Bud” in bis scholastic trappings. " ithe s {Atteacting Much Attention on Incoming Leviathan S. S. Leviathan, July 13 (®—The | ve Amcrican air heroes who have {flown the Atlantic and are now |homeward bound aboard the Levia- lthan scemed content today to take the background in the life aboard hip and with due gallantry permit the limelight to play exclusively upon an ambitious Fraulein, Thea | Rasche, the German aviatrix, who is also aboard. She Is going to the United States, determined to re- ‘cross the Atlantic by air and thus be the first woman to make that | |night. Commander Byrd and his com- panions remained in their state- rooms last night, much to the d appointment of many passengers, including Fraulein Rasche, who s she hopes to get inspiration m them. The fog which enveloped the channel yesterday lifted before the Leviathan sailed from Cherhourg, giving Byrd an opportunity to re- cross his airplane route with clear vision, and also giving him an op- portunity for an expression of re- gret at what might have been when the America was eastward {bound over this part of the ocean. {He and his companions slept the |slcep of exhaustion last night, but were expected to enter tolay upon ip Gietics, Clarence Chamberlin was up and labout, saying that he was trying to {torget the role he played as a trans- atlantic fiier, and was willing that attention should rest upon Com- mander Byrd or Fraulein Rasche. SEARCH CONTINUES Police Still Unable to Find Body of | i | i s fr | | Missing Dudley, Mass, Woman Gone Since July {lice today aided and volunteer pos: farms and roadways in the vicinity of Quincbaug, Conn., and South- {bridge road, where State Detectives [McCarthy and Police Chief Rey- Inolds now believe Mrs. Henry G. Willis, missing mother of nine, wandered atter disappearing from her home here July 3. What the police say was a posi- tive fidentification was given last night by Louis Pruti, an employe at the Intervale mills, Quinebaug, who told Detective Me the day after Mrs. Willts d {ed he met at 5:30 a. m., near |mill, a woman in a sport coat, light gray flannel dress, a blue tur- ban hat and green stockings. He iid she was headed in the direc- tion of West Dudley on the main highway to Southrbidge. A few minutes before this James Canty, night watchman at the mili, |saw the same woman, and at 6:15 that morning Paul Renue, a bus line driver on the Southbridge route told of passing a woman with [the same kind of clothing as de- {seribed by Pruti. He said the pas- ; sngers in the bus remarked that she couldn't be going far or she wonld be seeking a ride, James Carroll, also of Quinebaus, ¥s he saw, on Tufts hill, a mile from the village of Quinebaug, at 30 that morning, a woman an- vering the same description head- led toward the mill. by a police dog are searching Sailor Wants Divorce After Year of Marriage Charging infidelity, suit for di- vorce has been brought by Earl F. kene, 18, of the United States navy, against Drusella P. Skene. Skene is acting through his father, 1 William Skene of this city, and At- torney Thomas . McDonough is handling the case for the plaintift The writ is returnable in the su- perior court the first Tuesday of September. | Mr. and Mrs, Skene were married (in this city June 18, 1926, and it is {elaimed by the plaintiff that they Hlived together as man and wife for cnly three da Mrs. Skene, be- | for her marriage, was Miss Drusella | Finard of Maline, NINE LYNCHINGS 1IN 1 Tuskegee, Ala, July 13, —(P— Nine lynchings were recorded the first halt of 1927 by Tuskegee Nor- mal and Indus Institute. All of the persons lynched were Negroes, the statement said, and were dis- »Hl\\mr(l among the states as fol- | low as, 2 Touisiana, 1; Tississippi, sourl, 1, and Texas, 1. as, fortunate. But that I take it is not its intended meaning. It should be remembered in interpreting the chings of the ancient sages of the st, that they invariably expressed themselves by parables, metaphors, and cryptic sayings, and hid their real meaning under an imagery of speech. And this particular sen- tence is no exception to the general rule. Instead of justifying a merci less doctrine, it really points the way for the business man to the basic principle of economic success, both to him who hath and to him who hath not. “What is it, then that the man who borrows money must have in order to obtain a loan from his banker? ly financial statement, and capacity, with the emphasis on capacity. T am aware that capacity is a broad term, but it includes thorough knowledge of busin: principle, and its intelligent application. He must have comprehensive knowledge of his buying and selling mark and an intelligent advertising policy business may be soundly organized and perfect in its functioning, but the moment that its management ceases to give to it initiative and forethought. that business from that moment starts on its w solution, “That is a very brief summary of the essential qualifications necessary for the obtaining of cradit from a bank. And now tha question is, how does a banker extract this required information from the man who bor- rows raoney “When the Federal 2wserve Sy tem was placed in operation in 19 there was made available for bu: ness a practically unlimited supply of credit, but coincident with its availability there came @ keener and more scientific scrutiny of sponsibility of the risk. So that today a banker applies a serics of tests to 1 property and profit and loss statements of the borrower. These tests not only reveal the degree of folvency and liquidity of the borrow. er, but also his capacity. The test i made of eight ratios divided into two groups of four each. The first group is known as the static ratios, and they determine solvency and li- quidity. The second group is known s the dynamic ratios, an1 they de- termine capacity. They are: The first group (static) current ratio, receiv- Just two things, an order- | to dis- | « | things not seen.’ the re- | les to merchandise—This ratlo determines the freshness and sala- Lility of merchandise. ales to worth—Reveals the ra- pidity of turnover of invcsted capi- tal. Also shows normal or abnormal ctivity and possibly the presence of | dry rot. “Sales to fixed assets—-Determines ficiency of plant. “At ‘this point comes the question as to whether or not there are standard ratios for the various lines of industrial mercantile activity. There are for some, but rot for all lines of trade. “And now just a word about the | banker, and the points of difference between bank credit and mercantile | credit. It should be borne in mind that the banker "does not loan his | own money but meney of his deposi- | tors, and is, therefore, a trustee, and, | invested with all the responsibilities of a trusteeship. The merchant, on the other hand, hazards his own wealth in extending credit to his | customers. Again, in the bank loan | there is a greater amount of money | involved per risk than there is in the | mercantile loan, and finally, the amount of profit accruing to the banker per dollar of risk is many times less than the margin of profit to the merchant on his extension of credit. The banker, therefore, is of necessity more cautious in loaning, and more thorough in his investiga- tion. “At the beginning of this talk I | quoted a text of Scripture, and I | want to conclude it by another quo- | tatian: ‘Faith is the substance of | things hoped for—the evidence of That word ‘faith’ is not mere belief only, but really means understanding, and refers to | the innate constructive quality of thought, which,, put into practice in the business world, results in en- | hanced spiritual and material well- being."” The club voted to purchase an agre of ground in Barkhamsted ad- joining the People’s Forest. Each Ki- wanis club in the state is purchas- ing an acre at the rate of tacre. This plot later will be pre- | sented to the state forestry depart- | ment in connection with a reforesta- | tion movement. | t] tl t) 1 1 Extensive development plans have been laid out by the Vienna city gov- ernment. I for examination. Jjection of the application of Kratzke, 24, of 111 Linwood streety for appointment as a substitute fires man. Lively Baseball Seems Other applicants for appointmen€ to the substitute force are, Willlam G. Mclntyre, William A. Gregory, Franklin street; erick, 25, of 13 Short street, and Constantine T. D'Avanzo, 23, of 319, South Main street. will appear before the board questioning, at its next meeting. 84, 445 Arch streety 25. of 104 Ernest W. Fred< These applicants fox Physical disability caused the res Paul Charing Cross Murder Suspect Is Convicted London, July 13 (UP) — John Robinson, who has been on trial i 0ld Bailey charged with the mur« der of Mrs. Minnie was. convicted by a jury and sene tenced by the presiding be hanged. Bonati, today, judge td Mrs. Bonat! was the victim of he “Charing Cross trunk mystery.™ Her body was found In a trunk ig hat station. Likely to Be Continued New York, July 13 ‘#—Sentiment] apparently was opposed to making any change in the so-called lively ball as National league club ownerg met today at the office of President John A. Heydler in their regulag mid-summer session. It was felt generally that inferiog pitching rather than the ball's ree siliency was responsible for the moda ern prevalence of extra-base hittingy 2,000 ARE ARRESTED London, July 13 (UP)—Twq housand opponents of the Sovief regime in Minsk have been arreste{ during the past two weeks, an exd change Prague sald. telegraph dspatch fromg BLACK LEAVES ALLAHABAD A Allahabad, British India, July 3.—(UP)—Van Lear Black, pub« isher of the Baltimore Sun, left ag 6:15 a. m. today in his Fokker aid yacht for Karachi, British India. He s returning to Amsterdam after & flight from there to the Dutch Easg ndies. YEG THRDAY~— ¢ Then and Now * 1 REALLY PELIEVE- IT_WIkL Be Qure fOR ME TO o~ GAFE. NOW TAKE OFF- MY HEAWY