Indianapolis Times, Volume 34, Number 200, Indianapolis, Marion County, 31 December 1921 — Page 8

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Indianapolis Man Sees Possibilties In Poland

Makes Report to State Department on Conditions. The possibilities of industrial development of Poland are enormous, although the country is now disorganized, in the opinion of William Feintuch, S South Illinois street, who has just returned from Poland where he obtained government concessions for about MX) acres of oil land. Mr. Feintuch expects to return to Poland in about four weeks to take up the work on his oil concessions. In connection with his visit, Mr. Feintueh made a report to the State Department on economic conditions in Poland. He s'Jtes in this report that the naptha industry has the greatest possibilities. He declared that Poland is potentially a country of immense wealth and that it offers big possibilities for American capitalists. The Polish money, according to Mr. Feintuch, has depreciated to such an extent thct it is necessary to carry around enormous bundles of it. The prices, however, he said, are very low when translated Into American money and compared with American prices. The oil in some parts, according to Mr. Feintuch, is so plentiful that a small hole dug with a walking stick will fill up within a few tninutec. TEXT OF REPORT TO STATE DEPARTMENT. Mr. Feintuch’s report to the State Department follows: “The economical conditions in Galicia generally and particularly in East Galicia (province of Cracow) are almost unregulated, as all the farms of this country have not been cultivated. Roth the nationalities rc-iding in this country, t'krmians Poles, fall into many polUif-al factions, each of which is occupied in securing for itself the Dest influence with the government. Ax a whole, this condition dates back to the time of Austrian control, when the central government of Vienna used loudly to accentuate the Industrial and agricultural Austrian development eastward, considering Galicia only as a lnarVet place for sale and for exploitation, with investments as mean as possibie. But this province could be a considerable source of income and the economical foundation of a great State. Presently, when a few branches of industry are developed by the participation of foreign capital. Poland, carrying on almost primitive husbandry, will yield considerable income. “Among the industries of first la- | portanee is the naptha industry. •‘—II the Podkarpae'e is, geologically 6tated, a naptha territory where at different depths, people :ave already found nrptha. Formerly it has been known but the upper honzon. (the first) proportionally has not very abundant veins of naptha. Now, since nearly fifteen years, people exploit the nether horizon ithe second where naptha is much mora abundant. SUAUOW DRILLING WOOD PAT. "Taking into consideration the enormous expense of drilling and the little quantity of r.aprha obtainable, a shallow drilling would yet pay, even though in little quantities of naptha products. "The native# have only a share of 20 per cent of the naptha industry; the rescomes to the share of the foreign capital, the least amount by American capital. At the rising of new Poland, particularly France has grasped the chief part of the naptha industry. But this industry is concentrated within the Zagletie of Boryslaw, within the district of Kros- ! ne and the environs of Stanislawow. The other environs of Podkarpaeie, till now neglected, begin to seek after expioita-

MiqtCD CkllTU’C theater t%l I OI Elf'll ail STAKING SUNDAY CONTINUOUS PERFORMANCES: 1:30-4:15-6:30- 8:45 P. M. THE PICTURE THE WHOLE WORLD IS TALKING ABOUT D. W. GRIFFITH’S GREATEST MASTERPIECE “THE MOST AMAZING SPECTACLE EVER SEEN ON LAND OR SEA" Bnit ////// SAME GRIFFITH MUSICAL SCORE: "THE UNEXAMPLED WONDER OF THE 20TH CENTURY"— —Editorial, Boston Herald, “WORTH GOING ONE HUNDRED MILES TO SEE -PITTSBURGH PRESSAND THE N. Y. HERALD SAID:“IT’S WELL WORTH TEM DOLLARS A SEAT’' NOTE THE REDUCED PRICES! AFTERNOONS MISTER SMITH’S NEW NIGHTS 33C YEARS GIFT TO INDIANAPOLIS 35 and 50c

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WILLIAM FEINTUCH.

tion. Considering the sad value condl- , lions of Poland, the foreign capital has a favorable field of activity, and for this ■ reason especially American capital could take the best advantage. "A separare section of the naptha industry are the naptha refineries which work over the raw product into naptha and by-products, extra products, as paratine, stearine and blue oil, and from these extra products they manufacture candies, oils and grease of naptha. An important product of raw naptha, coke, is imported to Germany in considerable quantities for the purpose of the Iron industry. The products of some of the largest refineries here have been exported to almost all the countries of the old continent, even to Japan, to the new continent .too, especially to the American South Stares. The best known refineries are: Befinery at Jasle. Galicia, Austria; State Refinery at Drohobycz. Smaller but important are the refineries Kokemyja, Staaislawow, Bolechow. "In what way has been bought up a part of the refineries by the foreign capital? RAGS AND LIMBER AMONG EXPORTS. “The wood industry is older and more developed than tut- naptha industry. I The cause of that is the enormously forests running either along the mouu- , tain spine of Urn Carpath'.as or upon the plain, southward from the Carpathian Along ail the railway lines and roads 's I spread steam and water powered saw- • mills. Itags and lumber are exported ! almost to all European countries. Lately j France, Holland. Tchecoslovakia. Italy and Jugoslavia have made contracts with private timber firms for lumber delivery in sums running into mfflards (Polish valuei. The wood is generally in great demand for railway sleepers and parquetry floors. Besides that, other industry branches either are cot introduced or are in .1 very primitive state. There is an enormous field, for textile, woofea j Considering the course <>f *he Polish! mart. American capital could readily get control of the economical situation and with proportionally fabulous stores, prevail over the whole market. Convenient and advantageous would be the foundation here of agricultural machine far tories wanting here thoroughly and of drill materials for naptha mine purposes, too. This would even pay should the

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!raw material be imported from abroad. Such products would compete with Ger- ! man and Bohemian products. It may bs I mentioned that the stagnation in the j naptha Industry here is mostly due to I the want of drilling material. The ac- ■ quisition of wide naptha territories and ] the seizure of the iron industry would I renders possible ho prosperity of many i opoly and drive away the German and Bohemian iron industry. HUSBANDRY 1 NOT INTENSIVE. | “The husbandry upon the fertile j ground of Ga.iicla is not sufficiently in- ; tensive. Tba fertility of this ground may prove the circumstance that, though ag- | riculturd methods were primitive in the ; Austrian regime, Galicia usually produced agricultural products in quantities | greatly surpassing the needs of the natives, and a part of products have always been exported into the Alpine countries. The considerable production of potatoes ■ renders posisble the prosperity of many ; spirit refineries. There is now no lack I of beer breweries in ninety per cent of ! the Galician towns. But lesser la the productivity of sugar beets. There are ■ only two sugar factories at present In Chorwacja. "The breeding of cattle and horses and the tanning industry are considerable ; industries. j “The commerce in almost all Poland, i generally lies in Jewish hands. The Poles iii former times, considered commerce as an occupation reflecting on their dignity as noblemen. Just now the watchj word has been cast to betake to commerce and industry. | "The people of Ukraine generally take almost no part in commerce or in industry.” “OLD SHOES," DIAMOND RETURNED. j EAST ST. LOUIS, 111., Dec. 31.—Mrs. Ethel Sohu gave a strange woman, who appeared at her home seeking charity, a pair of old shoes. The woman returned a diamond ring rained at several hundred dollars hidden in one of .he shoes. Reward refused. MOTION PICTURES

LESTER GUNEO a Dare Devii Man of the West BLUE BLAZES A picture of spectacular feats of daring and hazardous chance ROMANCE—DRAMA PUNCHES ALL NEXT WEEK gJgKSSbi Ike Houm of Thrill* MSCWWTT fT#* i ■ mm ipt

INDIANA DAILY TIMES, SATURDAY, DECEMBER 31, 1921.

BUILDING STRIKE LOOMS IN CHICAGO Carpenters’ Union Refuses to Accept Landis Scale. CHICAGO, Dec. 31.—Strikes of all unions*affiliated with the Chicago Building Trades Council may be called next Wednesday morning as the result of resolutions adopted by the council. If the strikes are called, building operations in Chicago, it is believed, will be virtually at a standstill. The dispute arises out of the refusal of the carpenters’ union to accept wage scales fixed by the recent decision of Judge K. M. Landis as arbitrator of the building trades dispute. Contractors declare that nonunion men will be employed on all Jobs where the union men refuse to accept the Landis scale. The building trades unions have voted solidly to quit work on every Job where nonunion men are hired and to support the carpenters in their refusal to accept the Landis award. jrt.TS “21” FOR "10." NEW YORK, Dec. 31.—“ He threw me down to marry a woman 70,” said Miss Helen Y'oung, 24, cloak model, as she tiled a SIOO,OOO suit agalnk Frank A. Fischer for breach of promise. MOTION PICTURES

In Maurice Tourner's J “The Foolish Matrons” An Episode in the Careers of a Trio of Society Matrons. A WONDERFUL PICTURE [American Harmonists Music That L; Charms. LIBERTY SEXTETTE J ALL NEXT WEEK AiwaysV/ortKWfdle • j Colonial

' (j|| Nillsor\_ ,f J •' v J ffs an eu'enino ooulnthe oarb of ffl p iDithout hosV r that it is not,hut the stem pat VhLV) ent is firm in the belief that it x U\ V ~, V 1 is a stiam and ingenious mode of rei)ecdind the hacks of tOomeri 1 111 W \w\ - J - ———. —— international news weekly

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AMUSEMENTS.