New Britain Herald Newspaper, October 1, 1928, Page 5

« AMERICAN BANKERS OPEN CONVENTION . " Pricgs Not at Point of Inflation, Philadelphia, Oct. 1 (P—SBeveral thoussnd bankerg from all parts of the ‘Pnited. Statgs were here today for the:opening’of the 54th annual convention of the Americarr Bank- ers Assoclation. - Nearly 100 women bankers, repre- senting practically every state in the union, were also here for the sixth annual session of the association of bank women. Many of the women bankers are delegates te the A. B. A. meeting, Miss Jane Arnot Reid, of New York, who is serving her second term as president of the A. B. W., will preside at the opening session of that organization late to- day. Bhe entered the banking field after the World war and prior to that time had won distinction as a portrait painter of miniatures. Visiting bankers were almost un- animous in expressing the view that the general busineas outlook in the country waa good. I thing the nation is economically sound,” sald Thomas H. Preston, president of the Hamilton National Bank of Chattanooga, Tenn., and president of the American Bankers Assoelation..- YAgricuitaral prospects are good; induitry and employment, except in one or two lines, are ac- tive and commerce is vigorous.. In- ventories - of goods are not swollen and, although prices generally are somewhat higher than a year ago, T do not think they have reached the point of inflation. “The stock market presents a mix- ture of sound and unsound specula- tion, and it is to be hoped the bet- ter phase will prevail. The political campaign has net been an unsettling influence in business. I feel that the present era may be considered one of reasonably well distributed pros- perity and that the year will con- tinye along the same lines.” 0. Howard Wolfe of Philadelphia, president of the clearing house sec- tion of the association, presided at the opening session of that section and in a prepared address empha- sized the importance of extending regional clearing houses and a sys- tem of voluntary examination as an importagt factor bank failures. A. J. Veigel, atate commissioner of banks. of Minnesota, recommend- cd a reduction of interest rates paid on deposits when necessary. Some banks, he said, were “slowly com- mitting suicide” by paying more interest than they can afford. William Franklin Augustine, vice president of the National 8hawmut bank, Boston, was elected president of the clearing house section of the association today. Raps Federal Reserve Management The federal reserve system faces a grave responsibllity in dealing with the inflation in the stock matket and real estate transactioms, Congressman Louis T. McFadden, chalrman of the house committee on bankfhg and currency, said. He made this Wtatement before the clearing house section. The risk of producing & business slump without intending to do so, Congressman McFadden said, could have been obviated six months ago it the federal reserve management had been more drastic In dealing with the speculative tendency in the Evening Classes MILLINERY and DRESSMAKING will be opened here Oct. 8th, un- der the supervision of Katherine Gilbert, who is a native of this city, 162 Main 8t. Affording every woman a chance to learn how to make her own hats and dresses. The study is most interesting, a source of economy very popular with the woman of today, wheth- er uscd as an accomplishment or the basis of business career. |the women who are aiming to be to guard against | stock market, whose brokers’ loans at present are greater than the credit extended tq the agricultural industry, our foreign trade and our automobile industry. “The primary thought back of the establishment of the federal reserve system in 1913 was ‘credit for pro- duction with special reference 1o our domestic situation’,” McFadden said. “There is ample credit of all kinds in the United States for nor- mal and legitimate use in necessary tools of production and in creating an adequate method of distribution, in addition to producing all we can consume and export, provided it is properly used or managea. “The difficulty in that respect 18 that there seems to be no standard of practice in the proper use of credit and no instrumentality that has the power, which can lead or direct or in an emergency force those who deal in credit to sub- scribe to and borrow on sound prin- ciples. Tt is the duty of vise states- manship to establish a standard and preserve the proper balance to the end that capital needs and the needs of industry and commerce shall not Buffer.” ¥ Would Open Door to Women Formal demand that “the door of opportunity in the banking pro- fession be thrown wide open to women™ was expressed today by the resolutions comimittee of the Asso- clation of Bank Women meeting here in conjunction with the annual convention of the American Bank- ers' association. The resolution was introduced in the resolutions committee by the chairman, Mrs. Edward Dexter Knight, director of the women's de- partment of the San Francisco branch of the Bank of Italy. The proposal with the unanimous ap- proval of the members of the com- mittee and with other resolutions will be presented to the general meeting in its report on Wednes- day. There are about 80 women in at- tendance at the sixth annual con- vention from 33 states, Hawaii and the District of Columbia. The resolution declares that “the woman banker is here to stay and that she is entitled to recognition from the male members of the fra- ternity, and that she should perfect herselt in banking knowledge and in general information demanded of an executive." A second resolution_ by Mrs. Knight asked the federal depart- ment of commerce to cooperate with the association of bapk wom- en in a nation wide survey of wom- en engaged in individual business in the country. The purpose of such a survey, the resolution statcs, is to determine the causes of failure among women to invest their money in their own business enterprises. New Britain Attendants President and Mrs. John (. Loom- is and Vice President and Mrs. Par- don C. Rickey of the Commercinl Trust Co., and Treasurer and Mrs, F. W. Macomber of the New Brit- ain Trust Co., plan to attend. Mr. and Mrs. Loomis and Mr. and Mrs. Macomber are present today- and Mr. and Mrs., Rickey will be there tomorrow, Dr. Kinsella Resigns From Health Commission Mayor Paonessa has received the resignation of Dr. Gertrude J. Kin- sella as chairman of the board of health, but he has taken no action as he is desirous of learning what has prompted her decision to quit the board, he said today. The res- ignation gives no reason. Mrs. Kin- sella was elected to the chairman- ship during Mayor Paonessa’s sec- ond term of office, after Dr. Henry T. Bray died. ISABELLA CIRCLE ELECTION Isabella Circle, No. 12, National Daughters of Isabella will hold a ! regular meeting this evening at . 8§ o'clock at the club rooms, 166 Main street. Election of officers will take place. DISAPPEARS FROM HOME Joseph Peterson of 23 Linden street reported to the police that his brother-in-law, Bert Hjerpe of 64 Winthrop strect, left about 7 o'clock Baturday morning to collect his pay at the P. & I\ Corbin factory and did not return. It was learned later that he had no pay to collect. READ HERALD CLASSIFIED ADS | FOR BEST RESULTS NEW BRITAIN DAILY HERALD, MONDAY, OCTOBER 1, 1928 FLASHES OF LIFE: 2 MAN CONVENTION " NAMES FORD FOR PRESIDENT New York—Colonel Lindbergh has arrived here, curious. Asked about a press agent story that he might marry Miss Blanche Stachel, show girl, he remarked: “That is interest- ing. Tell me more about it.” Bucharest, Rumania — Princess Tieana seemed 1o show a decided preference for West Point in con- trast to Annapolis when she visited the United States. But she is a navigation officer and is to take aminations. 8he has been breveted “tirst helmsman of the fleet.” New York—Clarcnce Chamberlin is going to Germany again by plane. This time, however, he will take an Amphibian plane on the Leviathan, fly it from Cherbourg to Paris, Ber- lin and lLondon, and catch the liner at Cherboug for the return trip. Madrid—Maybe it is cause and ef- fect. King Alfonso recently made a talking movie appealing to American tourists to visit Spain. Now tips have been abolished in Spanish ho- tels, restaurants and casinos. There is talk of extending the movement to saloons and cafes. Springfied, Mass.—Henry Ford for president!? Yes, sir. He was nom- inated by a convention of two men, representing the American home progressive party, meeting alone in a private room after extensive ad- vertising in Springfield papers. Mombasa, British East Africa— Perhaps he lost on purpose. The Prince of Wales is on a good will tour. He was beaten at golf 3 and 1 by R. D. Browne, playing for a local club. New York——The Rev. Dr. Harry Emerson Fosdick believes real life | is largely made up of “almosts.' | “Almost right, almost healthy, al- most successful—not quite one thing or the other, skirting the; border.” * Princeton, N. J.—The three things necessary for a satisfactory life, Dr. Robert Russell Wicks has told | Frinceton faculty and students, are | relish to try what is hard, an out- let for new adventures, and a| “passion to discover what you were meant to be."” Washington—The American dol- lar maKes itself at home almost everywhere, The department of commerce has found it invested in the European chemical combine, the Swedish match monopoly, the machinery industries of Furope, Canada and Australia, foreign de- partment stores, churches, schools, and just about every sort of en- deavor in every quarter of the globe. At the end of last year American investments in forelgn corporate sccurities totalled $11,- 659,383,629, New York—Mrs. Margaret Mor- daut, lone explorer and fellow of the Royal Geographical society, is here after visiting islands near British New Guinea. where her guides were convicts serving time for murder. “I was so thin." she says, “that 1 felt I would run no danger.” New Haven—Edward Waterbury candidate for congress from fifth district, attacks Con- gressman Tilson for failure to pro- test the utterance of Mrs. Mahcl Walker Willebrandt, before gather- ing of Italian-American Al Smith club. Middletown—Two were scriously | | of salesman Mascola, | injured and four others rece'ved treatment after a collision between a truck and a light automabile. Wil- liam Seimers and Thomas Jones| who were taken to a hospital, were both struck on the head by a piece of wood. Noroton—Sons of Civil war vet- erans and auxiliary members from various sections of the state, dedi- cate private room in the Soldier's home. New Canaan—Mrs. Katherine Clark, found miurdered in west, brought heye for burial Tuesday. Norwalk—Lawrence A. Roberts, 21, and Emily Hatch: 19, occupants of automobile lose lives when ex- press train tosses their machine sev- eral hundred feet at New Canaan street crossing. Waterbur Alcoholism is cause of death to Frank Abbott, Bridge- port carpenter, found dead in Wood- bury. Hartford—Thief steals automobile containing $30,000 in samples of jewelry, Hartford—Charics Evans Hughes, former justice of the U. 8. supreme court._joins ,Connecticut lggal staff to fight suit'to stop proposed diver- slon by MaMsachusetts of waters of the Ware and Swift rivers. Bridgeport-—Auto crash is fatal to Edward Gleason who died in a hos- pital 48 hours after collision on the post road in Fairfield. Stamford—Prof. Albert Leavitt of Redding declares in pulpit speech that Tammany hall is the secular arm of the Catholic church in Amer- ican politics. Haven—John Swirski, hotel dies on way to hospital New employe, from alcoholic poisoning. | New Haven—Gasoline explodes during fire in garage causing in- jury to Peter Simonette who tries to save a number of trucks. Inflam- mable rubbish ignited by a spark from a furnace was the cause of the damage placed at $7,000. New Haven—Frank J. Carey, secretary and assistant treasurer of Larkin-Carey Company, state wide contracting and construction firm dies of heart attack. Bridgcport—Sentence of five to ten years meted out to William E. Kirschenbaum of Newark, N. J., when found guilty of setting fire to manufacturing plant. Jury acquits Jack Sherer, New York, arraigned on same charge. Prince ‘n from 30th Torrington—Ernest 1. field for state senator district. Meriden—Holdup man collects $14 from victim but upon request gives back $1 and then escapes. Bridgeport—Mayor Anthony Sun- derland of Danbury after accepting nomination as democratic candicate for congress to oppose Congressman Schuyler Merritt, &peaks of oppo- nent as man of high calibre. Hartford — Labor takes agaipst compensation ‘law ruling made by Chief Justice Wheeler which excludes benefits to employes in cases of hernia. stand Bridgeport—Congressman Merritt decries Gov. Al Smith’s assurances Your Children Need Rye Bread There is that something DIFFERENT in RYE BREAD that growing bodies need. The leading doctors the world over are urging the serving of rye bread in the homes at least THREE times a week. Because of the universal demand for this highly nutri- tious bread, the Kelly Bakery is making it every day in the week. It tones up “lazy appetites” as no other bread can. Try it tomorrow. Ask your grocer for a loaf of Soderholm’s Swedish Rye Bread “Just What the Doctor Ordered” West Indies 'Hurricane Relief Fund In Porto Rico, Virgin Islands and Florida the American Red Cross is per- forming valiant service to alleviate the suffering and distress which has overtaken those stricken areas. To aid in this humanitarian work is our privil\ege and duty. The quota assigned to the New Britain Red Cross Chapter is $5,000 of which 25% has been subscribed. Your early contribution is urged. * New Britain C Make Checks Payable to and send to Leon A. Sprague, Treasurer New Britain Trust Company New Britain, Conn. (He Gives Twice Who Gives Quickly) hapter, American Red Cross on the traiff question which he says is of most importance to New Eng- l land’s prosperity. New Haven—President Angell in matriculation address tells Yale freshmen to devote themselves to atudy and not because absorbed in trivial activity. Hartford—RBody of Mrs. Agalo S Montano recovered from Connesti- cut river believed suicide Hartford—Dr. Percy G. Drake and George Thornten, a chef, may come into a fortune of $60,000,000. | The two are descendants of Ansel | Drake, who acgumulated the sum about 250 years ago and now law-| vers are trying to find the rightful heirs. New Haven—Major James I Coupal, personal ph n of presi- | dent Coolidge: leaves for Washington | after finding patients in improved condition following accident in which John Coolidge drove an auto- mobile in & collision. tr Sundell to Take Course | At'New York Institute Adolph E. Sundell, winner of the Kate A. Stanley scholarship last | June, will study at the Julliard | school in New York, which is also | known as the Institute of Musical | Arts. For a while Sundell 'hou‘lll‘ of studying at the Curtis lns(lluh-‘ in Philadelphii, but has definitety decided to study In New York. where George Westerman, previous scholarship winner, also is a stu- dent. The rates of tuition advanced $25 this year. In M have been | St which witl inasmuch as the offer was one of a | D year's tuition. The fact that Sundell has rela- tives in New York. with whom he | REPORTS WIFE MISSING Herman - Saddler of 330 Main | &treet reported to the police Satur- day night that his wife was missing from home. five persons werc or thre dent in Canada caused three deaths. killed when their automobile he of RBayonne. nan le: Long Island railroad electric train. going through their automobile at Massa- pequa. |17, all of Hempstyad, L. come out of the scholarship fund | Jured are Alice Doeltel, 14; Priscilla hamer, Thomas Zimmerman of You' == e ————— 1 9 DIE, FPUR ARE HURT BY MACHINES Heavy Toll Reported in Grade Crossing Accideats New York, Oct. killed and four ecriti- cally injured yesterday by six grade in | castern states. One such acci- ng automobile accidents Three Killed Three men and three women were ruck by a Pennsylania n at Bristol. I d. The machine bore New | had loaned it to Lester Scidel He »s of its occupants. ur girls and & man were killed nd - three girls and a young man ere 5o badly injured that two at ast are expected to dic, when a 40 miles an hour, ploughed The dead are George Schwartz, 28, \e driver; Madeline Docltel. 12 ildred Stenholm, 16; Dagmar enholm, 10, and Eleanor Rohling. 1. The n- oeltel, 7, and Valborg Stenholm, 18, all of Hempstead, and Raymond Miller, 18, of Brooklyn. Miss Sten- holm can stay, is believed to have been |condition. The wreckage of the auto @ determining factor in his decision. |and the leading car of the and Miller are in a serious train | caught fire from contact with the |third rail. Erie People Dic w. both of Erie, Pa.. 1 (®—Nineteen ' | few days and Mrs. sylvania railroad passenger trali demolished the automobile drive by Colkitt near Erie. The count the train across the tracks stalled his car on the crowing. | Lawrence A. Roberts, 21, Conn., were Kkilled when New Haven railroad on a crossing in Norwalk, |see the train and drove onto th ‘cmlsln‘ at 30 miles an hour. Mrs. § W. Clark of Munhali, Pa. was killed instantly when the ca operated by her husband |struck by a Western freight at a crossing at Wayne. Castle, Pa. Clark and his five yea was | old son were injured, the father be- railroad | ing thrown to the cowcatcher of the The bodies were | train and carricd a mile down the s0 hadly mangled that identification | track. Mrs. Maude C. Prowls, | railroad at a grade crossing nea Washington, Pa. The Sprowls' on year old son was critically injured and their three year old daughtel and Mrs. Sprowls' brother, Walte Phillips, were less seriously hurt. { stalls on Tracks | Sprowls himself |and he was attempting to push § |off the trucks when the train bore | threw lown on them. George Ramsay. his mother-in-law, all of Winnipeg. Man.. were killed when the ‘coupe | were riding was |struck by the Toronto Express of | |the Canadian Pacific line at Gren- in which they fell, Bask. RECOVI ewis of 7 MRS, LEW/ Clement H. RING Crossing, were killed when & Penn- |hospital from injuries sulfered coroner said he learned that Colkitt apparently had attempted to beat and Emily Hatch, 19, both of Stamford. Roberta drove his automobile in front of « | express train | Conn. | Spectators said he probably did not was Maryland . and Jersey registration plates issued 10| John Polan, 53, were killed when | obert Boss of Bayonne, who said | the car driven by the woman's hus- band was struck by the Pittsburgh did not know the | Express of the Baltimore and Ohio was uninjured. The car had stalled on the crossing | gg his bride of a | Dr.True's . W. Harrison, | na n [recent automobile accident. She was n |visiting her daughter, Mrs. Margar/ y |et Lewis Johuson of that eily when the accident occurred. to reports Mrs. Lewis ir recovering ra- d | pidly. \ ESTATE VALUE IS $7.081 The eatate of the late Mrs. Michael Halloran is valued at $7,031.40 ac- cording to an inventory filed today in probate court by the Administra- tor Joseph Halloran. The items in- clude two picces of property known as 36 and 40 North street valued at $4,500 and $2,500 respectively, and $21.40 in cash_ in the Savings Bank of New Britain. “Helped Restore %um d e | | .| r 3 e r r i 3 £ 2 ¥ i E 5 AH ng oo raf Harrison street has returned to his home att- WHAT AN OPENING! —Were You There? HILE we pause for breath we want to send 2 message of grateful appreciation to the hundreds of wonderful people who visited our store on the opening day. tremendous floors. 11 enjoy it—so will we! Connecticut’s Bes We heard many exclamations of delight, surprise, ad- miration and.we felt happy in the thought that our tre- mendous efforts to give New Britain its best furniture store, its finest furniture, its lowest furniture prices, are more than justified. Come this week, if you were unable to attend the open- ing; the same hearty welcome awaits you—the same courteous salesmen are anxious to show you over the t Farniture Stere H. Colkitt and Gaylord Neit- er spending several days in Syra- | and cuse, N. Y, where his mother, Mrs. | Fomily slse §1.30; other slass 60s & @0e. E:lmpaon[Bur(oll W Lewis. ia confined 1o & | B. C. PORTER SON