New Britain Herald Newspaper, March 11, 1930, Page 4

NEW BRITAIN DAILY HERALD, TUESDAY, MARCH 11, 1930. e ] Small Loan Companies’ Interest Rates Condemned by C. 0. Fisher Before Members of College Club| | theve is either a great demand for th they render or that has created a proz- for private business | or capital, and that the situation sible With Profit — I:n.;a-houl\l be condemned. He claimai that the situation in Massachusetts, where a lower rate of interest is provided by iaw yet the incom: arfs Connecticut’s in comparison ‘fl\oua that it is possible to operate a lower rate in this state. Others Have Lower Rates pointed out the sig Al new steps in r of interest already privace pital. Sev. | ve opened depa nd are compe-ting with the financ who spoke last night at the home of | and loan corporatiuns with a r: Mrs. Emory Corbin before the Wo- | of inte =iio aslaEhE and il men's college ciub, s ested that | per cent. Other loan compan the small ioan proble e studi rates and 1 many states | with an attempt to modify rate has been made by Jaw anl amend the present small lo. 1ch lower than in Connecticui. Raruiting y such (Srats ned finance compani that the operation of nd paint in gloriot panles dealing with th T R s T ahar creates a state of from such a .oan. He called atten- per cent of those ”““"\hod to one company that, during selves of this opportunity become | he Christ e e T habitual borr Dr. Fisher, ai-| o people, advising them to borrow tecked both creating ta defray expenses of the additionsl a condition ar companies e ense and atiarptine o) ing advantage h an entrancing picture attention wa the layman would consider loan situ \ from such a company as akin | ceived a letter from or thrift finance companies operating In c dletown, the letter indicating ed that the company was “licensed by problem in Connecticut be under state and bonded to the publie.” | taken -ding (1) more compl. Upon further investigation he founi| rmation to show the justifi that the rate of interest was §! es of inter per month or 42 per cer liod of limiting com on sums mot exceeding 4 means of reducing over- 1d thus the cost to bo wvertising matter bo- fcre publication should be pres to the office of the bank comm er for approval, and (4), a stuly law for improvement and re- Professor at Wesleyan De- able to Obtain hguxesl On Net Gains — Sees|’ Room for Improv ement Calling attention to the fact that interest rates of 4z per been sanctioned by law, Prof Olin Fisher of Weslevan Uni | ducing ¢ | undertak eral b; cent i ments ave cut type of lo .:‘ 7 las Aiitha of it. first called tion when he r hat nclusion Dr. a thorou Fisher suggez:- th dy of the per year, panies lead ¢ fy first reaction,” ne rowe naturally that of an out of justice at having placed rate of interest for necessitous bor- rowers, the sanction of | Lany on Books for 10 Y Dr. Fisher claimed that was drafted in 1916 and almost once adopted by 15 states with fow modifications, allowing nance companies to set up in busin loan money at 42 p t Through the activities of the Sage I'oundation, ich was original sponsor of such a lew, declared, the small loans passed in Connecticut in 1919 law has been on the for ten yvears and it that its benefits were said. When the first move w to create such a law mem representatives of welfa tions appeared before th gating committee and ad passage, claiming that “ther: a time when a man etc., when needs and if he is in a plac necticut he has no place cept to eharity Room for Improvement Dr. Fisher admitted that such a law “probably has saved the con- #unity from the grealet evil of loun] sharks, but there is yet room for re- | finement and improvement in i study of the operation of in Connecticut based as it is complete data of the sence of full publicity, leaves one doubt as to the wisdom of con ing the law on fhe statute 1t is impossible to find formation regarding the activitie the loan companies he said, one can tell what the profi companies are. All of hi penetrate behind the veil of 1 surrounding the operations of the companies I met none of your busineas 1528, 35 companies throughot state loaned $1,000,000; in 1 eompanies loaned 1927, 99 comp: 511, and in 19 loaned $5,942.2 Lower Rate In Massachusetts In Massachusetts where theve a 3 per cent law in eff« 133 censed companies loa 140, or a far greatc proportion to those tor the same length He claimed that the oy interest in t ne brought in almost revenue that slightly panies in Conn that such comps 50 great in makes it apparent, he declared rs, (3 the serv lecture, refreshments the Tost Miss Elizabeth Corbley Doane, Mrs, Herbert I heodor . Miss Glady boon and Douglas Johii- 1 oy s wilo ere Miss elena er, Gred Mrs. b the " SCHOOL FOR REDS IS ‘ue feacher of Fifty Students Says He is Anarchist Not Communist, 154 1(s | When Questioned. com 1 sickn small like 1o go ex- S| IHartford tion here munist o March 11.—Inyestiga- has loin e ers are carrying on a the ci schools, a | daily in a priv through the public classes are being hela ite school taught hy a ommunist educator. The program been ied on here for and the communists id to have a foothold in a Je ish children’s school at their head- quarters in the Labor Alliance hall street. Educators say that communist pamphlets have also be distributad to public scho Ha ndler is the tc books." | the in the labor Dzily classes are held from 4 to & o'clock in a room in the rear of the uildin, carr 1t the - because ah m school my 1 of and no s of th forts in agze from seven to 14 vear ¢ taught Jewish litera- Hebrew, hiography of revolu- d and are given a course in current events from the communist viewpoint. sandler denied he ind claimed He sz of to|Th tionary pupils Al was a to an aid the board of edu tion had complete information on the school. including reports of the board of directors. School officials la that they had any | knowledge of the school HERALD CLASSIFIED ADS TOR BEST RESULTS be an- s loaned $4.64%.- 128 companies denied | Usn er rate of “WHAT CHARM ALWAYS ALLURES?” Movie Directors say: ““Lovely Skin” ~he one thing which is umvcrgally lluring is smooth, velvety skin,” say :1) of Hollywood's most, famous direc- ors nies suncess o - |tioned nte 1 (= FOUND IN HARTFORD disclosced that com- | campaign among the school childrer: | There are 50 pupils rang- | com- | W‘mt is ““To a screen star it is invaluable | for the public takes to its heart only | (ANGSTERS BRAG Three Leaders Tell Palce o Large Fortunes Chicago. March 11 (P—Thr business” ventures to Chief of De-| tectives John Stege yesterday. First there was Jos Saltis, known | for years as the beer baron of the South Side, who came down from his Wisconsin country place to at- ltend the funeral today of his friend | land henchman, John (Dingbat) |Oberta, slain on a gang ride la week. Between his tearful pleas to the | detective chief to “call off the cops” | while he attended the last rites of o |nis fricnd, Saltis found time to tell |the chict and reporters of his $100.- {000 country place in Wisconsin |“with a goif course and a clubhousc |to accommodate 25 people.” Stege promised Saltis he woull not be molested it he returned to Wisconsin immediately after the fu- neral, and “Big Joe” went out to the Oberta home to sit around his $15,000 coffin at the wake. Then there was George (Bugs) |Moran, North Side successor to Dioa |0'Banion, whose ranks were so |sorely depleted by the St. Valen- |tine's massacre of last year. George, | who was picked up in the Loop y |terday for his weekly interview with | police, added to the day's financi news with the tale that he had in- |vested §125,000 in a North Side| |cleaning establishment. These (wo, of course, only men- casual amounts, but George (Potatoes) Kaufman, who recently [slapped a man who pushed too fast | they were going around together | in the revolving door of a Loop ho- tel, lightly dropped the news to ege that he still had $600,000 or 00,000 o GANDHI TO BEGIN ' MARCH TOMORROW : \Smallpox Among Followers Will Not Deter Leader London, March 11 persons in Mahatma Gandhi's college of devotees at Sabaramati, near Ahmadabad, have been stric: en with smallpox and three have died, Gandhi himself has not bein deterred from his intention of b:- ginning tomorrow the march to | Jalapura which will inaugurate his civil dicobedience campaign. The correspondent of th Daily Express visited the on Monday, and in his dispatch to [his paper compared it to an army cadquarters in war time with mes sengers coming and going and thov- | sands of letters pouring in by every mail. Gandhi was observing his weekly | | day of silence, but he visited the isolation tents where the | patients were confined. He observ- ed them. but conveyed his felicitu- | tions without speaking a word. | I#d to Sleeping Quarters | The correspondent was led ov | Gandhi to his sleeping quarters on the banks of the Sabaramati river. where the nationalist leader squat- | | [ (A)—Although | London shram' OF BIG BALANCES |the late Admiral Sir Edward Slade, > [who gang leaders boasted of their “bis| mallpex | h(l down in Oriental fashion, a! ]‘ | never breaking his silence, wrote a message with his fountain pen on a slip of brown paper. “I am sorry that the vice-regal rcpl} m my letter was cold and un- ve,” he said. “But I have tCIlfil“ commlon that my cause is | just and that however much I am | misunderstood, eve Englishman | will in the near future admit that | [ 1 was their true and wise friend.” | | Miss Madeleine Slade, daughter o herself abandoned a privatc fortune to join Gandhi's cause, will be left in charge of the colleg | when Gandhi and his 50 or morc | followers begin their march. She |admitted that she was disappointed | |at being obliged to remain behind to look affer the women and children, |but. said: *“The master docs not be- | lieve in placing women, least of all Englishwomen, in the forefront of the battle.” Miss Slade name, Srimati has taken Mira Bail, and has embraced that faith. “Curiously enough it wasn't until I read Hindu scripturc that I began to appreciate and to understand the teachings of | Jesus,” she said. ‘Gandhi, although a Hindu, taken pains to teach me the beauty | nd meaning of the teachings of | Jesus through the eternal truths of | Hindu scripture. Christianity and | Hinduism are fundamentally identi- cal.” [ Gandhi cstimates his party will necd at least 20 days to reach their destination, where they will attempt to produce salt in violation of the | | government monopoly. They will stop at more than a hundred towns and villages on the way, the inhabi- | | tants being expected to furnish sup- | plies. a Hindu LUTHER PROBABLE REICHSBANK HEAD ‘Vou Hindenburg Favors Him— No Opposition Foresen Berlin, ery former March 11 (P)—Hans L chancellor of the Reich, | today was considered virtually cr- | ain of clection this evening to the | presidency of the Reichshank diree. torate, succeeding Doctor Hjalmar Schacht who resigned last week. There was no doubt but that Pres- |ident Von Hindenburg approved Luther's clection, since he is the cabinet’s choice. Apparently no other | candidate will be proposed. Among the seven foreigners on the | Relehsbanics exccutive board, which | will elect Dr. Schacht's successor, | Gates W. McG forme man of the New York Federal I'serve bank, who arrived in Berlin | this morning. | Dr. Schacht himself will a | the balloting for his successor, must, according to the statutes of | | the bank, obtain a majority of nine, | of whom six must be Germans, uth- Re- | t in | ho l: GU \R[i (l ANGL: March 11 (P—Changes | in line officers of the Connecticut National Guard given in adjutant |general’s orders issued tod includ- ‘(d promotion of irst Lieutenant Reuben H. King, 192nd field artil- ler; to be captain in command of battery D, at Danbury, vice Captain {E. C. Pierson, transferred” to the National Guard reserve. | Captain James R. ¢ M. I. Re- | s¢ is appointed second lieutenant | of field artillery and assigned o bat- {tery D. vice McCarthy resigned. as good as gold ¥ Y U sometimes hear that some other loafis “as good as Bond Bread.” When people those whose skin shows flawlessly | smooth in.the close-up.” Hollywood has | long been aware of the great appeal beautiful skin hes to the emotions. For years 9 out of 10 screen stars have been relying on 2 Lux Toilet Soap to Ruth Elder give their gkin the lovely smoothness the public demands. Ruth Elder's beauty and daring ave made her famous. She isnow T contract to Hoot Gibson and | ker lovely skin the e of the close-up “My daughter Gertrude was very much rundown. She was all broken § out with pimples and eruptions on § her hands and legs. [ tried everything e e Sophia advised s to try L Pinkham'’s Vegetab she has gained in v and color are good, better, she has a go and seems well and strong the V:grulvlc Com Betty Francisco (‘arhlv[ravranf\\huresoa . She It leaves my skin like vel vet.” ful Kathryn Crawfordstates: “I always use Lux Toilet Soap.” No wonder it is the offi- cial grea ing rooms. T We tt and $1.00 the cake n-:unu.“(um ~-yet only 10¢, want to speak in the highest terms of anything, they say that “it is as Of course, it bread can be ~N GENERAL BAKING good as gold.” isnotas good as gold unless it is gold, and no as good as Bond Bread unlessitis Bond Bread. After all—there is no bread like The home-like loaf COMPANY Votes {0 Lay Pipes in Sterlingf |garding the |ed | construct septic tank ity | Willow {that of Rodney |is acted upon f: |spectators and CITY BOARD HEARS DEBATE ON SEWERS L Appears in Mon:I:)g‘1 and OldHeld Streets ning to heated arguments re- proposed construction | of sewers in Sterling and Oldfield streets the board of public works last night decided to recommend fo the council that construction be un-| dertaken. Several residents appear at the board meeting and at- | tempted to shodv that the constru tion would involve additional c with no prospects of immediate g and bitterly opposed the arguments | of others in favor of the project. One large landowner in particular, who professed to own 12 lots in the | vicinity to be affected suggested that individual taxpayers and own- ers of homes in that section might cording to sngineer Philip Merian this | s out of the question as it wa contrary to law to build such tan} in a district where sewers might be installed The sluice gate to be used in the Brook draining project will | be furnished by the Rodney Hunt| Mfg. Co. of Mass.%according to the| bid received by the board. Two companies bid for the work and Hunt was almost ) under the competitor. It was voted to recommend to the council the establishment of stree and grade lines on West Main an Jurritt streets. A number of petitions were re- mmx by the board relative to th installation of street lights, erection |of telegraph poles, removal of trees, and extension of lighting system: and these will be referred to the chairman of the enginecring depart- ment for inspection before action is taken, The petition of the Connec- ticut Light and Power Co. to have manhole number 443 on Elm street ged was approved. Old Ironsides, familiar and well known steam roller, which was re- ported 1o have need of new roller. 11 shortly be equipped with a new set if the proposed recommendation | of the board (o the common council vorably. Itigures on the cost of new rollers were quoted at $1600 a pair and the board voted [to rccommend that the Buffalo- Springfield company be authorized to furnish the rolle Action on the cement and crushed stone bids, whicl was to have form- ed the most important part of the ovening's proceedings, was deferre to Thursday evening, when a special session will be held to receive and bids. Alnos interested Liste! MISS NELLIE A. One of the outstanding features of the St. Patrick’s day cntertainment to be presented by the St. Parish society in the | Monday, March 17, will be a mono- log entitled “Mrs. Clancy’s Hus- Nellie A. Ryan. Miss ual dramatic ability having starred in several recent pro- ductions by the Joseph playe she isat her best as a monolog- particularly in recitations por- ying Irish characte LEADER PRAISED f Hocver Speaks on Anniversary | ol Boy Scout Movement Washington, liam 11 {oward youth 1 children is seen by Presi- dent Hoover as urging on the Bo. Scout movement ties wo for the bettermeit of the boys and girls of the land. On the even of the funeral of the first honorary president of the Boy Scouts, the chief executive last night departed from prep before the banquet 20th anniversary of {1 ment to eulogize the late ident and chiefl justice ‘We this evenin, |dent Hoove atd, “under clend of deep sadness. Since many you started your journey to Washington the most beloved of Americans has propective Inddvr\"puwmd into the great beyond, and in at the meeting ready 0| deter s and hear results. |sion your committee has acted in former meet l‘r(“‘i~ act on appeared offer bid: THIS IS THE Crawford Gasco Combination Does the work of two ranges. Absolute guaranteed heater. Can be connected to waler hoiler. Has insulated gas oven with automatic control— cocks—no exposed bolts and many other exclusive features. Can be had in Gray, Buff or Green at the same price. A. A. MH‘LS Plumbing — Heating — \'heet Metul \’\'01'}( PHONES 5100 - 5101 - 'O HOUSEKEEPERS ON YOUR OWN SIGNATURES In emergencies when ready cash is needed i a hurry Will find the MUTUAL SYSTEM ready to serve you promptly and with privacy. No question asked of friends or relatives, TWENTY MONTHS TO PAY Pays § 40 Loan Pays $100 Loa Pays §200 Loan %I 5 \luulhl\ Pays $300 Loan you ble in equal monthly ins y interest at three and one- per cent © month on the unpaid balance, just for the actual time money is in use. No other charges— no deductions, A Helpful Loan Service for the Home Phone 4950 THE MUTUAL SYSTEM 300 Main Sirset Hments, the spirit of Willlam Howard Taft. | republic,” the chief executive ,said, Joseph’s | Tabs hall on | AS SGOUT FRIEND (P—Wil-.| for and instrumentali- ] .$1.9 1ining not to cancel this occa- | With a livelong, open hearted devo- tion to boys, the first honorary pres- |ident of the Boy Scduts would, had he known of it, have insisted that your work should go forward. “This occasion commemorates the 20th anniversary of the Boy Scouts, |and it is indeed in keeping with the | true tribute to his great spirit whose | | name graced your first anniversary.” | Youth Precious possession The boy, with his sister, the presi- | dent said, is the most precious po | session of the American home, the problem of our times and the hope | of the nation.” | Terming the Boy Scout movement | | one by which parents in a period of | | complex civilization might solve the problem of filling the leisure time of | | their sons, Mr. Hoover advised that | |the boys leisure time should be given to directing lis interests to | 401‘\1!11((\\fi Jjoy instead of destruc- | s s, i president said, | opened the portals of adventure for | the boys, taught him the joys of na- | ture, the value of discipline, sport | manship and the democracy of play. | | “Responsibility” Fourth “R" | ‘ To the traditional three R | | American schoolboys—reading, ing and 'rithmetic—President Hoover added a fourth. This “R,” he said, is for responsibility—"responsibility to the community—if we are not to | have illiteracy in government.” | “The conviction that every person lin the republic owes a service to the that the republic rests solely upon the willingness of every one born in it to bear his part of the duties an” obligations of citizenship is as im portant as the ability to read anc write—that is the only patriotism of peace.” |Bookkeeping Course Is Eliminated by School New Haven, March 11 (A—Book- keeping is not so attractive an oc- cupation to a lad just out of tchool as it once was, if this conclusion may be reached from what Principal Walter B. Spencer of Hillhouse High school told the board of education | vesterday. He had found after an |authorized survey of the industries in the city that only 17 graduates of his school who had taken bookkeep- ing as a compulsory study were bookkeepers. in filling clerical p: tions. Hundreds , of students taken the bookkeeping colrses. The board eliminated this study from the course and will substitute one on American history and de- niocracy. ha BETTY TO MISS TENNIS London, March 11 (P—The Daily ws today says that Betty Nuthall, English tennis star, will miss several of the important spring tournaments because she is taking lessons in bus- iness management and cookery with the object of running a restaurant in London. Renier, Pickhardt & Dunn 127 Main St. Opp. Arch. CAMP’S SURGICAL CORSETS Phone 1409 Beginning Wednesday, March 12 A Four Days Sale of Kickernicks 5 91.75 +$1.50° 2.81.3 :31.65° Combrazere Knee. Bloomer Knee. Combrazere Kickernick Combinations with Cuftf Knee. Regular price $2.50. 34 to 44. ombrazere Kickernick Combinations, Loose Knee. 34 to 42. Regular price $2.2 Kickernick 32 to 36. Combinations, Reg. price $1.95. xtra Size Kickernick Combinations, Loose Regular price $2.25. Kickernick Dance Sets of fine Rayon. Regular $3.00. ses. Children’s Wash Dres At 98c Fine quality. Sizes 2 to 14 ye 20% 2.98. Discount On All “Carters” For Women and Children. Knit Underwear MOHICAN MARKET THERE’S ALWAYS ( —Delicious well filled 40c retail value. “MEADOWBROOK™ OUR BEST EGGS Nerivals—I e bolling, New for ¥ good ponching, 3« 89c¢ LOIN AND ROULND STEAKS ch 1b FRESH GROUND HAMBURG 21s35¢ FINEST FLORIDA ORANGES 39 C Doz MOHICAN SPECIAT] COFFEE None Better Grown 39¢ n» one ete. 391 - 401 MAIN HERE ON WEDNESDAY — LAR MIDWEEK MARKET DAY. ADVANTAGE OF THESE TOMORROW. A Price Reduction Only to Introduce the Good Quality of Mehican Fresh Baked MERINGUE PIES Cocoanut Cream or Chocolate, WEDNESDAY ONLY STREET sREATER VALUES OUR POPU- TAKE Wednesday Specials We Will Have Many Other Attractive Wednesday Specials Tomorrow Lemon 19¢ “MEADOWBROORK" OUR BEST BUTTER Freshly churned. As good a Butter as you would want to cat. b 39¢ CENTER CUT PORK CHOP! HEAVY THIN SKIN GRAPEFRUIT 4 for 25C RA LARGL ICLBERG LETTUCE 3 for 25C New Scedless RAISINS Medium Fresh MACKERL Sticed White HALIBUT 3 hs 25C 12%c w 25¢