The evening world. Newspaper, May 27, 1920, Page 26

~~ ” flect thatsthe American Woolen Company does not employ all the clever accountants in the country. It is highly probable that other profiteering con- na i __ claim of a moderate profit of 12 1-2 per cenf, They Even a little publicity is a dangerous thing if con- » for Federal investigators to complete the investiga- _ excess of the exorbitant earnings they report, ESTABLISHED BY JOSEPH PULITZER. Published Daity Except Sunday by the Press Publishing s Company, Nos. 53 to 63 Park Row, New York. nt, 68 Patk Row, 6 MEMBER OF THE ASSOCIATED PRESS. Associated Pree (s exclusively entitled to the use for republiogtion ews deapatches credited to It oF not otherwise credited in this paper FCR A STARTER. NDICTMENT ot William M, Wood, President of | the American Woolen Company, as a profileer will not sarprise readers of The Evening World. £vening World readers will be more apt to ask why the indictment was so long delayed, ‘As early as last December The Evening World interpreted the earings report of the American “NWoolen Company to show the excessive profits © which this corporation had been making, and to ex- ose the hypocrisy of Mr. Wood's complaints against Lawrence retailers. The report of the Federal investigators on which the indictment is based shows how The Evening World's public criticism got under the skin of Presi- dent Wood. It moved him to try to get a clean bill of health from the Department of Justice, This he hoped to do by getting the “O. K.” of the Department of Justice on a set, of figures which his own statistical experts prepared. But the Federal investigators did not bite. They pushed the probe in and.got the real meaning of the figures presented. They analyzed, checked up and found reason to dispute the Woolen Company’s discovered instances of profits of over 100 per cent. By this time President Wood repented his desire for Federal investigation, and endeavored to hamper it as much as possible, But he had gone too far. ditions cannot stand publicity. With an indictment drawn it should be possible tion and give a true picture of the financing of the country’s chief source of clothing supply. The pub- lic will not be satisfied with anything short of full revelation, Meanwhile Attorney General Palmer should re- cerns have juggled figures to hide real profits in The public wants to know about Cluett, Peabody facilities are best developed, THE NEW THOUGHT. ae 2 campaign against high prices, which has de- rived its strongest single impetus to date from The Evening World’s “Is This Profiteering?” series, promises results that will,reach much further than a temporary marking down of prices on the part of retail merchants, New processes of thought have been started In the minds of wholesale dealers and manufacturers, Witness a letter sent this week to the President of the National Association of Boot and Shoe Manu- facturers by a man who is himself im the shoe business, What, this writer asks, will the present lowering of prices mean? “A gradual pickup of business in general? No. Because past history has shown us that @ gradually decreasing market leads to the shutting off of buying almost entirely, in the hope that prices will continue to decline.” How is it possible, then, to lower prices.to a stable figure without hurting business? “In one way—through co-operation and proper leadership. “This must begin at the beginning. The !ead- ing manufacturers must get together and re- quest the tanners, the Mning-makers and finding men to co-operate by giving them the lowest possible prices on thelr products. A considerable reduction can be made by all of them without making It unprofitable to do business, The shoe manufacturer must then do his part by pricing his own wares at the lowest possible figures. Through the fetailer adding his aid, a greatly reduced price will be arrived at and the public will be convinced that this price Is right and that no further drop may be expected.” As to “the leather merchant who fs holding out to the last possible cent before coming down in price and the manufacturer and the retailer who are doing likewise,” the writer is sure these individuals will see the “handwriting on the wall” and be convinced of the advisability and justice of the course outlined. “Increased business and good feeling toward an industry 1s always to be preferred to compelling people to pay high prices and always results more profitably.” In other words, reasonable profits that are per- manent beat high profits that are precarious, The former are based on the confident buying of the whole public. The latter depend too much on the uncertain spending Impulse of limited classes, This is the paramount economic kesson of the present moment. Thanks to the public—whith has become a most efficient and convincing teacher—it is a lesson which is at last getting the attention It merits, The boot and shoe industry has needed it more than most, J. H. Cassel | 0, 1 Pree Publahing © | The Love Stories of Great Novels BY |Albert Payson Terhune Copprige, 1920, by The Vrow Pru " New_York, Rveniig Wor No. 87—"The Quick or the Dead? By Amelie Rives Barbara and Valentine were Virginians. Theira was a love match. All Barbara's intense, half hysterical soul was bound up in her handsome young husbaiid, Not long, after their marrtage entine died, Barbara, heartbroken and desolate, fled from their Virginia home and sought refuge in travel, But old as- sociation drew her back to the house where sho and Valentina had been so divinely happy. And she returned home to take up t&o burden of her lonely life, When she came back to Virginia she found every deta!! of the house-- even to & stump of a cigar Valentine had been smoking a little while be- fore his death--was a haunting re- nd. ost unbearable for her {fn its loneliness and its myriad | bitter assoctations, ‘Then St was that another man came into her life. He was Jobn Dering, her dead hus- band's cousin, By an odd streak of family resemblance Dering looked enough like Valentine to have been the latter’s twin, | It was this resemblance which first attracted Barbara, It amazed and ghocked her that any Pomfret Vai- living man should be ao like her dead love. Yet in jtime it consoled her to look at Der- ing and to trace his likeness to Valentine. But Dering was not content to be tolerated merely because he remind- ed Barbara of another man, He had fallen madly in love with her. And beginning to grow jealous of r ine’s. memory. When he confessed his love to Bar- the young widow was horrified. to her that ahe was dis- » allow any one But she was still young and was And bit by thinking more ne® than Of the Quick of the ving Der dead Valer stronger tha 19 ht a losing ality. Then, > memory of to marry was ‘or a t fight with Youth a turning her back ¢ 4 ntine, she promised Dering. For the moment D: his own good fi demanded to k with him believe ously he were in love se of his } quickly she r For a brief space the two lovers sly happy. Then Dering away on buainess, And her loneliness Barbara's memory an to drift back to her dead hus- band | "Atter a terrible soul strugele she > at Inst to the knowledge that lentine and not Dertng who her heart. And she broke the solving to remain for- dend man’s memory —_ ij ragement, re r true to the g Xe ag pl shoe industry can show others how ||_ FROW EV ENING. WORLD READERS | ; Living Men AN worship ts still practiced in UNCOMMON SENSE By John Blake (Copsright, 1920, by John Blake.) \ & Co., “Socony” and a whole list of corporaticns 7 exposed by The Evening World, by Senator Cap- *' per, by Samuel Gompers, by the Laut report ard What kind of letter do you find most readable? Isn't it the one that gives you the worth of a thousand words in a couple of hundred? There is fine mental exercise gnd a lot of satisfaction in trying NOT ALL BONDS. a perior transit facilities which this section enjoys. al crept in and filled up the poorly developed spots the public had to take over its own protection by * sizes the change going on in the midtown section . Beaux Arts building is to be altered. ee ie > than travellers can afford to pay for the opportunity _» to sleep. by others who have followed The Evening Worlt lead of analyzing the profiteers’ own figures. Where Attorney General Palmer went wrong was in not starting his investigations earlier, in not en- forcing the Lever Law when it was enacted, in not protecting the public against the profiteers before ‘refusing to buy. The Woolen Company indictment is only a BUSINESS BIDS HIGHEST. EWS of the conversion of the famous old Man- hattan Hotel into an office building empha- between Grand Central and Times Square. | The Knickerbocker is doomed, Wallick’s is being remodeled to provide store and office rooms, The The change was inevitable because of the su- Railroads and subways radiate to the greater part of New York’s commuting area, Forty-second Street seems destined to be the home of a new group of skyscrapers, Had building cost remained normal the develop- ment would have been different, Buildings similar to the Bush Terminal Sales Building would have afid the hotels would have remained and grown old. In the light of present building costs, it is cheaper to remodel than build. So hotels must go, because business is willing to pay more for a chance to work Eventually hotels must be built to replace those abandoned to business. New York has no sirplus of hotel room, but to be profitable it seems certain that the hotels must seek new locations where busi- ness does not overbid. Along with, the hotels, the theatres crowd north: | ward. In another ten ye-rs Columbus Circle may hold the same place in New York life that Tines 667 PHE wholesale bond robberies in this city are getting to be a satire on justice,” was the comment of Justice Mylqueen in sentencing a plumber’s helper who was also a bond thief’s helper. The list of robberies other than bond thefts pub- lished by The Evening World yesterday would indi- cate that the Justice might have gone even further and characterized the record of the present police administration as a satire on what police administra- tion ought to be, In many cases the bond robbers have had the excuse of an almost criminal carelessness on gee part of the bond owners, “Stick-ups” have multiplied because ‘police pro- tection is so inadequate or indifferent that gunmen have decided daring hold-ups are a safe sport and easy to get away with. THE CHINESE WAY. HOSE who have regarded the League of Na- tions as powerless unless armed with the mili- tary might of a super-state may well cast their eyes toward the Far East, where China has been employ- ing an economic weapon such as the Covenant provides, China’s boycott of Japanese goods, instituted as a protest against Japanese occupation of Shantung, seems to have produced decisive results, The world may never know whether Japan was sincere in professing a willingness to sestore Shan- tung, The present situation seems to show that Japan is being forced out by the silent but effective commercial pressure of the boycott. Japan, facing a commercial crisis at home as the result of Chint’s failure to buy the Japanese sur- plus, is ready to get out on any terms, ‘China feels so strong that negotiations do not tempt her. China calmly awaits the complete victory Which the eco- nomic weapon promises to win, China stands on her dignity and refuses to nego- tiate in regard to rights which she has never recog- nized, China is unwilling to concede anything ex- cept complete defeat of Japan, which will be recog- nizable when it is a fact accomplished, From all reports, it appears that Japan realizes, it has no place to go but out—and is preparing to move in that direction, Japanese evacuation ‘of Shantung should be a source of enlightenment to: Americans who have permitted a handful of political demagogues at Washington to cloud the real issues of our interna- ji to say much in a few words. Take Investiante the Gifts. To the Editor of The Brening World: ‘These headlines are sure yery good news; lection Campaigns to Be Inves- | gated; Senate Orders Inquiry Into | Contributions, Expenditures, and Use | of Influence for Candidates.” That's the best thing introduces | in the United States Sgnate in a long time, Senator Borah deserves sreat eredit for having the courage, uek and nerve to stand up and be counted in behalf of common decency in the matter of investigating what every, one knows {s a rotten condition n political affairs, Now that he hag started it, let him see it through, no matter whom it hits. I hope if any one tries to balk him In this investigation ne will expose them, The people would sure lke to know whether It 1s the poor or the ch that are spending all the money order to control the delegates, con- ventions and nominations, and for what purpose FREDERIC G. W. SIGRIST. 24, RED. Avenue, May 24, 1920. Park No Fellowsht ‘White Collars. Yo the Editor of The Evening World: Any efforts to organ!ze the white oltar aggregation of office workers are doomed in advance. They're the nost cynical, conceited, hypocritical bunch of tndividuals extant, Ever watch a pompous, swell-head- ed clerk shrink up and try to pass the yuck to the office boy when the bess is searchine for the perpetrator of a ‘under? Ever witness the sniggers ind uncontrollable Joy of the white collar boys, Wien one of thelr number is on the carpet? And when one of them ts canned? Wow! ‘That's the time the rest let loose. ans a step higher and a dollar r: There's no followship, no esprit de orps among office clerks. There Isn't ne of them who wouldn't give his ‘oul to be called Into private confar- nee with the boss to squeal on the rest, Urganize them? T Me It's a joke! PH RED, Brooklyn, May %4, 1 nm of Money, ng Worlt re igs being brought to bear on Congress by a certain class ot publication (proclaimed buoyed up by some supy utimen) to pass the bi x which would provide 'a bont t entitle To the Faitor of Indirect p » that if th bill is passed it will spell what w! country. In the face of this almost aiiive cortains. pal a ada time to be brief. their efforts to bring a condition about which we can Ill afford to face? Personally, I would be entitled to the bonus, but my patriotism has not been 80 far submerged by witnessing the present money-mad hysterical scramble for the $ as to permit my placing selfish ends before my coun- | try’s needs, And since I am not-affill- Ated with any of those whom it would immensely please to see this country 0 to the dogs, I cannot bring myself to urge, or ‘even to see the necessity of, passing this measure. In the first place, our people un- doubtedly would not, even if they could (which is doubtful), bear the burden of another bond issue. ‘They have had enough of that. This elimi- nates one source of obtaining the necessary funds for this purpose. Sec- ondly, 1t seems unlikely that they can stand a heavier tax than they now bear, since they are taxed right and left as it is—and it hurts enough now. Thirdly, if it were attempted to get this revenue from capital—ex- cess profits, the Industries, &c..—tit would inevitably, be passed on to the people anyhow,® which would place this in a class with the second method cited. So how can either of these methods be safely used? If the proponents ¢f the bonus would advance some lik*ly way of ob- taining the money and one which would not culminate in a serious financial situation, it might be sald to be to their advantage to press such @ cause; but the mere ranting for “justice” to our men who fought in the late war, without taking into con- sideration the source of the means for dispensing that justice, 1s as con- elstent as howling for the Government to furnish a special train for a trip to Mars-—and just as feasible, CK. 8 Brooklyn, May 24, 1920. ‘The Ratiroad Muddle, To the Paitor of The Evening World: In what way are the railroads welded together differently to-day than they were the day before yes- terday? Why was it necessary for the In- terstate Commerce Coinmission to be appealed to to re-route freight? In case you don't know, the answer is that the law gives only the Inter- state Commerce Commission the au- thority to do this. routing cannot be changed railroad—that is covered by law. Why is the Interstate Commerce Comnijssion appealed to to another? the only one permitted to and give it to another, taken away from whi to load t the peop! them more. furan ties. are supposed facta. The shipper’s by the divert cars from one part of the country to In case you don't. know, the answer is because by law it 16 take | a car from one shipper who needs it You will find that thousands of cars are now being ré people want m to other localities where to require This is discrimination certain people and communi- \ You should publish this so that amount to financial disaster for this! your readers will understand the K SP AT IT. Often brilliant men fail where mediocre men succeed. The brilliant man works by fits and starts—mostly starts. The mediocre man, if he has perseverance, keeps plug- ging away, improving little by little till he finds the way to success. Plutarch says: violence. a “Perseverance is more prevailing than And many things which cannot be overcome when they are taken together yield themselves when taken little by little. | Mountains are climbed step by step. Big things are | done: by little efforts constantly repeated. i The Panama Canal is a great achievement. many men many years to accomplish it. But it took | It takes a year to train the muscles so they can do any |} task supremely well. The pianist may have a day to do what he is doing a it the day before. essays big things. day you go on it. doing. are now impossible to you. lence, and persevere. Profit by your mistakes. surprised at the ease with which you accomplish tasks that It takes many years to train the mind so that it can do really important work. perfect understanding of the |3 beauties of great musical compositions, but until he has schooled his hands and the brain cells that control them |% by long and assiduous practice he canuot express them, The man who goes ahead is the man who tries every little better than he could do He attempts little things, and masters them before he Even a baseball player is trained for months before he is permitted to take part in a big league game. And in the really important game of life years of train- ing are often insufficient to give a man the equipment nec- essary for really important duties, Don’t be discouraged if you can’t boss the job the first Do the little things first, cheerfully and carefully, Try to make yourself better. r Think about what you are By and by you will be Remember that perseverance prevails better than vio- United States Government had con- trol of the railroads it failed to re- place cars to the extent of more than 100,000 and about 2,000 engines, which should have been done. Why don't you tell your readers this? Why don’t you tell the people the truth—that In 1917 the railroads of this country furnished the greatest amount of transportation they had ever handled; that the Allies could not have survived even until the United States entered the war if it had not been for the American rail- roads moving to them food and mu- nitions? And in 1918 they carried the United States through the war, notwithstanding the Government fur- nished practically no cars or engines during the time we were actually in the fight, and all the equipment and facilities that were used were pro- vided .by the private investors and turned over to the Government by the privat that about every activity tn this country that functioned during. the war and was needed In connection with {t was financed largely by the United States Government, but that so far as the railroads were con- cerned the Government did not finance them at all? It merely took them and promised to pay so much rent and return them in as good condition, including equipment, as they were when it took them and it has not done either, It loaded them down with indebtedness and then called upon the private cor porations to finance the indebtedness or pay for It out of the rent. In other words, it built up the activity of the country, creating additional de- mands upon the railroads, and did not build up the railroads to take care of this increased activity. On the contrary, it permitted the’ rail- Foada te deteriorate during, the a it hem, AD! Now ¥ May 21, 1920, China, according to the Rey. Burket, a Baptist mis- who found two Liau, seated on ance Dr. this New Bap- brones and recely isands of their f rs. has to to the Mov oth Burket part ir nt of North local Luse fame ot his diseases pressed In spirit, authorities, who uprising. 1 Liau’s Ling Shuk Sam their master, be- ases tp his name and s were raised by their fol- owing to the same godlike rank ac- sorded to Linu. Ling Shuk 18 71 years old and Lat gam Shuk elght years his ju era, ornate temples have hb u. At the main one, located at birthplace about 15 miles trom gning, the missionary found gathered more than 2,000 people vw celebrate Liau's birth’ anniversary the two Immortals seated oa che highest of A series of terraces with an empty throne between them for the spirit of Liau. Before them sod a iarge table covered with ornamental objects and in front of ums the worshipers go, througy stwange gymnastics. the Locating Oil by Elec- trical Means. HE idea of using current trans- | mitted through the earth as a means of Jocating metal ores is famillar, the belief being that the greater conductivity of these metallif erous regions can be ind! cated, the Sctentiti tion of oil de to the Kl investi ogits, which ectrical Review electrically, pre In ‘this c s of the of ish the current, and o! gions are detected 9 « view of the great de; ig often necessary to ‘bore that may exist simultaneo un almost o method woulc ions, but It ties in dealing RARE, BU The easy way to find the proverbial needle in the haystack is to advertise ‘or it. An i stor who wish to determine w ee lation between al congestion recent in the Journal of the J jeal Association fi could find a stamm had been trephined thousands of stammerers jn United tes and a considerable number 0: rsons whose skulls have been trephined, the ch: of finding the two in combing emed ex- ceedingly silm. But the first mall of the morning after the Journal was Issued brought the dross of auah parwon oe ote FOUND, rican Med wished ha rer whose While there