Indianapolis Times, Volume 34, Number 215, Indianapolis, Marion County, 18 January 1922 — Page 2
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ROBBER DEALS VICTIM BLOW ON HEAD WITH CLUB Man, Assaulted, Taken to Hospital in Serious Condition. BANBIT OBTAINS $lB As the result at, a Mow on the head from a club wielded by a bandit last night, Mose Frieberg, 119 West ThirtyNinth street, is in a serious condition at the city hospital today. The assault occurred in the rear of a fruit store at Illinois and Walnut streets. The bandit obtained $lB. According to stories told to the police, Frieberg left a lunchroom at 135 North Illinois street about midnight. A short time later he was found in the alley by E. O. Felix, an employe in a garage at 20 West Walnut street. When the police reached the garage they found- Frieberg in a semi-conscious condition. He told them he bad been robbed of $lB, but could not describe his assailant. lie then lost consciousness and was sent to the city hospital. Toney Cato, 221 East Henry street, told the police robbers entered a clubroom at 715 South Delaware street and took $25. A table cloth, a library table cover, blankets, towels, a ring and an ivory set were stolen from a storeroom in apartments at 3602 East Washington street. Ruby Beaver of that address, reported. Edward Neugent. proprietor of a grocery at 1702 West Michigan street, was awakened at about 10:30 o'clock by two men attempting to enter his store. Neugent had been asleep in the rear of the store. He seized a revolver and fired one shot at the burglars, who fled. Ralph. Bennett, C2O West Michigan street, said a burglar entered his house and took a suit of clothes and a traveling bag valued at $lB. keports theft OF ACTO TIKE. Percy Sipe, 2154 Broadway, parked his ear In Market street near Illinois street. When he returned anew spare tire was gone. Charles Hiatt of the city street Inspection department, turned over to the police a bank book belonging to Bessie Culp, 332 North Hamilton avenue. The book was found in a "sewer catch basin at Olive and Orange streets. It had been taken from the Culp woman by a purse snatcher Friday night. Martin David, negro, 2448 Bond street, told the police he wag held up at Roach Etreet and the Belt railroad and relieved of $1 and a check for 1521.69. BUILDERS GIVE AN EXHIBITION Industrial Show Featured at Claypool Hotel. The eighth floor of the Claypool Hotel and much of the seventh floor was today one great industrial exposition, devoted to every material that goes into building construction. The exhibitions were being conducted in connection with the annual convention of the National Builders’ Bureau. Included in ihe exhibitions were lumber, brick, glass, roofing of various descriptions, hardware and some things that the layman is surprised to know go into building construction. The convention opened in the Assembly room of the Claypool with routine business and the reports of the officers, G. F. Osterhage of Vincennes, president; C. D. Root of Crown Point, secretary and B. M. Forbes of Indianapolis, treasurer. This afternoon the subjects of cost accounting, insurance problems and advertising were discussed. Among the speakers were Frank B. Fowler, president of the Mutual Insurance Company; Charles R. Rhodes of the Indiana Farmers Guide; Adolph Pfund, secretary of the National Retail Lumber Dealers’ Association. The convention will continue tomorrow and will close with a banquet tomorrow night.
C. & E. I. BRANCH TO BE INSPECTED Bondholder Purchasers Wish to Operate Road. A second inspection of the Chicago & Eastern Illinois railroad property in Indiana will be made by representatives of the McGuire, Cummings company of Paris, 11!., manufacturers of railroad equipment, George IV. Barnard, of the public service commission said today. An attempt to operate the road, which was purchased by its bond holders, will be made by the company if the inspection which they make proves to lie satisfactory. The bond holders bought the road Monday for approximately $15,000 was said. Many attempts were made by Mr. Barnard to have the road in operation before it was sold at Danville, 111. The southern portion of the road between Brazil and Fair Oaks is being operated by the Cincinnati Indianapolis A Western Railroad, and ncording to a report received by the commission, the company is handling from twenty-two to twenty-five cars of freight a day. New Bank Charters Granted by Board Three new bank charters were granted end one refused by the State charter board in session today. The board granted charter to the Fighters Ford State Bank of Fulton County to take over a private bank. The capital stock of the institution is $35,000. The new charters were granted to the fololwing: Peters Doan and Trust Cornpony of Lafayette, capital $50,000; Oolitic State Bank of Oolitic, capital $35,000, and the Gosport State Bank, capital $25,000. The heard refused a charter to the B. I'. Con well, private bank of Logansport, because, according to Charles W. Camp, chief bank clerk, a bank with SIO,OOO capital is not needed in Longansport. Italy’s ‘Unknown’ Hero Receives U. S. Medal ROME. ,Tan. 18.—The congressional Medal of Honor today was conferred on Italy's “unknown soldier” by Ambassador Richard Washburn Child.
‘Movie Trust 9 Has Bought Will Hays, Asserts Reformer WASHINGTON, Jan. 18.—The “movi trust” has purchased Will H. Hays to lead the screen in a drive to dominate the politics of the United States and quash anti-movie legislation, Dr. Wilbur F. Crafts, premier of reformers, charged here today. “Is there any American too dull to resent and prevent this conspiracy of mostly a foreign trade to run this Government in the interest of one sect?” Crafts demanded.
Lost Schooner Found With Big Supply of Booze MOBILE, Ala., jTn. 18.—The schooner William Tell, reported as missing six weeks, from Biloxi. Miss., was discovered here today by otncers. Near by the officers found 500 cases of whisky and cognac. Three members of the crew, two of whom are Spaniards, were arrested. The bodies of two men found floating near Biloxi a few days ago, with their necks broken, are believed to have been members -tof the William Tell crew.
HOPE SEEN FOR' EARLY END OF INSURANCE WAR Indiana Companies Believe Agreement Soon Will Be Reached. HopC'for an agreement in the fight between the Indiana and Missouri insurance commissioners which prohibits twelve Indiana companies from operating in Missouri and eighteen Missouri companies from Indiana, was held by members of Indiana insurance companies today. The majority of the Indiana companies' licenses do not expire until March 1, and local insurance men are confident some agreement will be reached between the commissioners before that time. However, if no definite agreement is reached by the commissioners it was believed some action to compel either the j Indiana or the Missouri commissioner to change their rulings will be taken in court. Some time ago the Illinois insurance department Issued a ruling similar to that of the Indiana commissioners and no action was taken to bar any companies who placed a deposit with the Insurance commissioner, It was learned. Thomas S. McMurray announced yesterday he would prohibit the Missouri companies from doing business in Indiana until Ben T. Hyde, superintendent of the Missouri in, urance department rescinded his ruling barring the twelve Indiana companies. Mr. Hyde announced recently he would bar the Indiana companies from operating In Missouri, if Mr. McMurray, would not rescind his ruling requiring all reciprocal insurance companies to deposit $25,000 cither in cash or securities, with the Indiana commission to show their j solvency. lesh Upholds STATE’S RIGHT. In an opinion to the Indiana commissioner, Attorney General U. S. Lesh“held 1 that the insurance department had a ! right under the Indiana statutes to re j quire reciprocal - ! ance companies to deposit $25,000 with j the State. Mr. Hyde contended, the In- j diana commissioner exceeded his power and the power of the statute in making the ruling. Mr. McMurray notified the Missouri commissione all Missouri companies ap plying for licenses during the next yeai would lie refused until the Missouri commission's ruling was lifted. The Missouri companies barred from doing business in Indiana are: Consolidated T'nderwriters of Kansas City, Subscribers at Druggists of St Louis, Interinsurers Exchange of Kan sas City, Subscribers at Reciprocal Ex change of Kansas City and Underwriters Exchange of Kansas City. LIST OF FIRMS UNDER BAN. Business Men’s Assurance Company of America of Kansas City, International Life Insurance Company of St. Louts, Catholic Knights of America of St. Louis, Fraternal Order of Eagles of Kansas City, National Benevolent Society of Kansas City, Travelers Protective Association of America of St. Louis, American Automobile Insurance Company oi St. Louis, Employes Indemnity Company i of Kansas City, Indemnity Company oi j America of St. Louis, Citizens Insurance ! Company of St. Louis, Liberty Fire In I surance Company of St. Louis. The Indiana companies doing business ; in Misouri, which have been barred from that State by Mr. Hyde, are os follows: Sterling Insurance Company, Grain Dealers’ Insurance Company, Indiana Lumbermen’s Insurance Company, Continental Casualty Company, Inter Ocean Casualty Company, American Central Life j Insurance Company. Reserve Loan Life j Insurance Company .state Life Insurance Company, all of Indianapolis; Medical Protective Company of Ft. Wayne, Lafayette Life Insurance Company of Lafayette and the Ben-Ilur Lodge of Crawfordsville.
MINERS MAY ASK WAGE INCREASE Reply to Operators Says; ‘No Backward Step.’ KIIAMOKIN, Pa., Jan. 18.—A statement from anthracite operators “that fulltime production cannot be maintained unless wages are reduced” puncunted today’s session of the tri-district convention of the United Mine Workers of America. A keynote speech by John L. Lewis, to which the statement is a reply, declared the miners will take “no backward step.” The convention was called to formulate new demands to be presented to the operators to replace the old agreement which expires March 31. The miners are said to contemplate asking a 20 per cent increase in wages The statement of the operators today says that full time operation in the anthracite field is possible only through readjustments which would permit re during the price of coal to the consumer. Sentiment of the delegates was unanimous today against acceptance of the operators’ statement. Seed Company Is Incorporated Articles of incorporation were approved by the secretary of State today for the Southern Seed Company, 23 North Alabama street. The company, according to the petition, will buy i.he Dawson & Cos. business which now operates at this place for SIO,OOO. The capital stock of the company is to be $25,000 and the directors will be Ralph Boyle, Virgil Clark and Ernest Bangsford, all of Indianapolis. Two Woman Is injured Mrs. L. A. Parsons, 1418 Central', avenue, was injured today in a collision at Ten* h street and Capitol avenue. An •4 1 w- riding and Which was driven by her husband, >, was struck by an automobile driven by Daniel Battenberg, 2858 Paris avenue. Mrs. Parsons suffered a fractured leg. She was taken to her home In an ambulance. CASES UNDER ADVISEMENT. Judge Delbert O. Wilmeth in city' court today took under advisement the caso of two women and two men charged with statutory offenses, until Feb. 7. The defendants were Charles Heffner, Robert Wasson, May Harms and Goldie Vennard. They were arrested at the Hoffman House on avenue.
Wall Street Bankers Ask U. S. Delegates at Genoa Believe Nation Should Have Part in World Financial Conference March 8.
NEW YORK, Jan. IS.—Belief was expressed in Wall street banking circles today that the United States will participate actively in the international economic conference opening at Genoa March 8 and that the American delegates will raise the question of payment of international war debts owing to this country. There is' every possibility that the Washington conference will have ended before the first of March. The American Government probably would be opposed to participation in two conferences at the same time because of opportunity it would give for ideals and bargaining. So far no information has been given out through official channels whether this country would accept the invitation to the Genoa conference. It Is known, however, that bankers have advised acceptance on the ground that this country—the most prosperous in the worldr-should lend its presence to any greatlmovement for the economic reconstruction of the world. If the State Department should accept, the next question is whether this country would sehd a delegation to take an* active part in the proceedings or whether it would send merely an observer, as was done at the last meeting of the Supreme Council at Cannes, when George Harvey, American ambassador to Great Britain, represented America. BANKERS KEENLY INTERESTED. Bankers are keenly interested tn the proposed conference seeing in it the first concerted world movement for economic rehabilitation of the nations that have suffered severely through the war. And now public interest has been focussed upon the war debt question by the resolution introduced in the Senate by Senator McCormick calling upon the State Department to furnish information to the Senate regarding the financial
PENNSYSUITTO ENJOIN PUT OFF Action Against Rail Labor Board Postponed to Feb. 7 ✓ by Landbs’ Illness. CHICAGO, Jan. 13.—Because of the Illness of Judge Kenesaw M. Landis, the hearing of the Pennsylvania rati road'adjunction suit to restrain the United States railroad labor board from declaring that the road had violated its order was postponed today in the United States District Court until Feb. 7. The question Involved In the Issue between the Pennsylvania road and the labor board is the manner in which shop representatives who were to negotiate ,a contract for the employes with the railroad company should be selected. The labor board decided that the Pennsylvania had no right to participate in the selection of these representatives and ruled that the employes had the right to select their own representatives for such a conference, and so ordered. The Pennsylvania contends that the board has no Jurisdiction in the matter. A motion to dismiss the Pennsylvania's Injunction proceedings will be filed when the bearing is held, it was announced. Dismissal of the proceedings would leave the board free to publicly reprimand the railroad for its attitude and alleged vlo latior. of the board's express order, it tbe board so decided. Judge Landis has been ill with a severe cold for a week. FRIENDS SEEK MISSING RECTOR No Explanation Given for Disappearance. CHICAGO, Jan. 18.—Rev William F. Taylor, rector of St. Christophers Mission in Oak Park, a surburb. is being sought by friends and church officials today. The minister left his home last Saturday and no word has been received from him since. Rev. Taylor notified Bishop Anderson Saturday that he had been called out of town suddenly but would return. He asked the bishop to see that his pulpit was supplied for the Sunday service. Late Saturday afternoon the missing man went to the home of his brother-in-law, Rev. George Craig Stewart and made arrangements with a maid for Mrs. Taylor and their three children to be cared for at the Stewart home. Since then he has not been seen. Friehds and church associates can offer no explanation for his disappearance. Farrington Says Vote Supports His Stand SPRINGFIELD, 111., Jan. 18.—The vote count is Incomplete but President Frank Farrington of the United Mine Workers, declares the membership has voted to support him in his stand against international President, John L. Lewis, in the Kansas labor trouble. The referendum also will show the Illinois miners favor continuation ot financial and moral support to Alexander Ilowat, deposed president of tbe Kansas miners, Farrington says.
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INDIANA DAILY TIMES, WEDNESDAY, JANUaRY 18, 1922.
stntus of the European countries owing money to the Unites. States, the condition of their budgets and the amount they are spending upon their military establishments. In banking circles the opinion is held that if the various powers cooperate and delioerate in a spirit of unanimity, progress is possible which will make 1922 the first year of the new era of world prosperity. The allies will be in a position to make effective agreements with Russia for the opening up of the vast resources of raw materials in that country. This would help towards European prosperity and it is emphasized by financiers that the sooner Europe begins to get upon her feet commercially and industrially the quicker the United States will begin to receive the funds she advanced In war time. Few bankers believe that any part of the 'debt will be canceled, although arrangements will be made by which Hose countries which are best able to do so shall pay first. OBJECTS OF CONFERENCE, The chief objects of the conference will be towards a restoration of international confidence, stabilization of exchanges; strengthening depreciated money; reducing the issues of currency; reducing inflated values, resurrection of 'industry ; financial assistance to poverty stricken governments through loans so that they can in turn aid their agriculturists ,o pro. duce bigger crops; opening of closed ports; extension and improvement of railway traffic, arrangement for the payment of debts and a review of the economic situation generally In view of the needs of the various countries. The United States Treasury Department would be greatly assisted even if the Interest were paid upon the foreign debts. At 5 per cent the annual iuterest on the outstanding debt to this country is $479,041,183.
RICH VIRGINIAN IS ACCUSED BY FRENCH MOTHER Com plaint Charges He Influenced Girl to Become Risque Dancer. PARIS, Jan. 18.—Harry W. Nelson, wealthy Virginia society man, will be arraigned Saturday on charges that grew out of a mother's oath, to avenge bei daughter's honor. ’i.ie plaintiff is Mrs Belle Hutchins, formerly the Countess Lastazzi. The daughter Is Miss Zolange Hutchins, 18. Mrs. Hutchins declared she would press her case against Nelson and attempt to have him deported from France. She accuses him of Initiating her daughter into the demoralizing secrets of Mont Marte, where the glrfnow is a dancer in the famous Cabaret, Moulin Rouge. After ids arreßt. Nelson tiled an answer to the charges stating he could not be held, because Zolange was 18 and mistress of her own actions, Under the French law he was released. Nelson pointed out further be had never lived with the girl nnd that Zolange told him she left her mother because of cruel treatment. The Virginian said Zolange had told hint further that her allowance was cut off. He declared he found work for the girl in the Folleg Bergere where she earned four hundred francs a month as a Neiion said rhla own Income came from the United States and he had assisted Zolange financially at times. Nelson has been arrested twice in three weeks, on similar charges filed by Mrs. Hutchins, 'i he first time was late in December. He was released Dec. 31, after proving Zolange was IS. The second arrest took place last night. Nelson is well known in the American colony and Is a familiar figure in the restaurants and dance halls of the Mont Marte district. Mrs. Hutchins is wealthy. After Nelson's previous arrest, Zolange- said she loved him and was ready to marry him. CHAMBER WILL PICK DIRECTORS Nominating Committee Present last to President. Nomination for directors for the coming election at the Indianapolis Chamber of Commerce have been presented to Charles F. Coffin, president of the chamber, by n nominating committee composed of William J. Mooney, Dick Miller, W. G. Harding, Arthur R, Baxter and Frank E. Floyd, It was announced today. Seven new directors will be elected to take the places of A. L. Block, O. B. lies, G. Barret Moxley, Merle Sldener, L. C. Htiesmann, William Fortune and John It. Welch The nominees of the regular nominating committee Include A. L. Block, A. D. Hitz, L. C. Huesmann, O. B. lies, Walter Pittsford, Frank D. Stalnaker and John It. Welch. This ticket composes what will be known as “ticket No. 1“ In the election to be held Feb. 10. The nominating committee was elected by the board of directors and is composed of the old board and the rest from the Veneral membership of the chamber.
NEW RUSS BANK IS SAID TO BE IN GOOD SHAPE Director Expresses Wish for U. S. Financial Connections. RIGA, Jan. IS.—ln the nine weeks that the new Russian State Bank has been in existence It has paid checks for more than 1,385,000,000,000 rubles, according to M. Seheininan, director, who parsed through Riga en route from Moscow to Berlin. He deplored the bank had no relations with any financial institution in the United States. M. Seheininan spoke first of the new soviet policy and how it has led to the reopening of the Russian bank which had been closed abruptly three years ago. “The bank was reopgned the middle of last November," said the director. “ItJjL aim is to assist the state, commerce and the cooperative societies as well as private organizations. But, principally, it is to assist state-owned industries. It is realized, however, the private initiative can not be neglected. BOOKS SHOW LARGE DEPOSITS. “During the time since it got its business fully going the bank has credited various organizations with 1,000.000,000.000 rubles (soviet money, not the gold rubles of the old Imperial regime). “The soviet governmetu Is ' satisfied with conditions. Tbe demand for credit in Russia Ims proved comparatively small, however. We have a number of private accounts, but they are unimportant. There are indications they will increase.” It was at fills point that the banker told how many checks had passed through the institution. He continued. “The bank is opening branches In various towns throughout Russia. The government intends also to open credit organizations fVt. the peasantry in the agricultural districts. HAS ONLY TWO FOREIGN CON NECTIOXS. “Abroad, the State bank has normal relations with only two countries —Germany and Sweden. However, seme of the London banks have understandings with us as to the opening of accounts in the Moscow State Bank, or the exchange of funds. It is regrettable we have no relations with any American bank. “Personally, I favored the reopening of private banks but the Moscow government opposed it because of the low rate of exchanges. They feared speculation by the bankers which might injure economic conditions still further." BLAME ENEMIES AND ASK PEACE Equity Farmers and Grain Growers Bury Ax. * * FARGO, N. D., Jan. 13.—Equity farmers and grain growers today laid tbe blame on their enemies and tried to arrive at peace. The Equity Cooperative Exchange president will appoint a committee of five to confer with a like committee of the North Dakota Grain Growers in an effort to reach an understanding. The spirit of conciliation developed after heated attacks had been made in the equity stockholders’ meeting on the U. S. Grain Growers. Inc., who recently "dismissed” J. M. Anderson as a high official In their organization. Anderson, who is president of the equity, said be resigned three weeks before the grain directors acted. Woman Starts to Serve Sentence Ollie Shelton who appealed the finding of a jury in the Marlon County Criminal Court, where she was tried on a charge of operating a blind tiger nnd fined SIOO and sentenced to thirty days in Jail, to the Indiana State Supreme Court, today began serving her sentence. Some time ago the higher court sustained the trial court. She was found guilty In the city court on July 20, 1920, and appealed to the Criminal Court.
You Can Do . 21-23 N. ILLINOIS ST. January Reduction Sale of -DRESSES-
Reduction Sale of Entire Stock of “1 / SUITS FURS SWEATERS A /*-> OFF BLOUSES SKIRTS / “ \ * / _ *
Wife Deserts Him , ‘Mule’ Throws Him and Cops Get Him “My wife left me two months ago,” Thomas Judge started to explain in city court today. “You are charged with drunkenness,” interrupted Prosecutor J. Burdette Little.” Are you guilty or not guilty ?” “Oh, of course I’m guiltyj but I just wanted to explain my wife left two months ago, and I have not been able to find her.” “We hauled him in on a stretcher from Washington and East streets,” testified the policemen. “The mule had knocked him out.” “Inasmuch as you have lost your wife,” said Judge Delbert O. Wilmeth, “I will fine you only $1 and costs this time.”
RALSTON SEES REASONS FOR FARMERS’ILLS Ex-Governor Gives Talk lo Crawfordsville Kiwanis Club. Special to The Times. CRAWFORDSVILLE, Ind., Jan. 18.— Samuel M. Ralston, former Governor of Indiana, blamed the farmer's financial ills on failure of the United States to enter the League of Nations In an address here today at a luncheon the Crawfordsville Kiwanis Club gave to Montgomery County farmers. "This is tbe penalty the people here are paying because of a narrow vindictive policy that has made it Impossible to establish tbe proper relations between this and foreign countries,” Ralston said. / “How radically wrong are conditions that make it more profitable to burn corn than it is to pay the price fixed by tlie coul block for coal fuel. “Everybedy now sees that Woodrow Wilson spoke In prophesy when lamenting the threatened reservations by the United States Senate to the Versailles treaty.” The former Governor paid tribute to the agricultural bloc In Congress ns supporting the Interests of the farmer—' realty the biggest single interest in this country.” "It represents an Industry in the absence of which there could be no prosperity. Without it, the people would perish.” Ralston scored the critics of the agricultural bloc and cited the steel bloc, deal bloc and other organizations within Congress which handled the Interests ol other Industries and which were not attacked by other elements. SUICIDES BY POISON ROUTE Loren A. Warren of This City Dies at Newcastle. . Special to The Times. NEWCASTLE. Ind., Jan. 18.—Loren A. Warren. 29, 2154 Avondale place, Indianapolis, committed suicide at the home of his father-in-law, E. A. Puruell, hi re Inst night by drinking poison. According to Ills wife, who was with him, Warren had been despondent for some time because he believed his work in the Big Four shops at Indianapolis, where he has been employed for fourteen years, was too heavy for him. A few days ago Wt rren and Mrs. Warren came to Newcastle to visit Mrs. Warren's father. Warren, according to Mrs Warren, immediately began an attempt to commit suicide. She said that he obtained chloroform twice last week but that she had taken It away from him on both occasions. A note was ftyind addressed to Warren's mother, Mrs. Mary Warren, with whom he liTcd in Indianapolis, asking forgiveness. The body was sent to Indianapolis at noon today.
350 Wonderful Quality Dresses Sacrificed Including new purchases just received that would ordinarily sell up to $35.00. Regardless of former || JH price, regardless of cost, your choice to- H Hj In this grouping our higher priced Dresses have been drastically reduced. Choose From— NEW TAFFETAS—NEW CREPES—TRICOTINES—SATINS CHARMEUSE IN ALL THE NEW SPRING SHADES AND LATEST COLOR COMBINATIONS.
ARMOUR LOOKS CONFIDENTLY TO TRADE OF YEAR Allied Industries of Company Sustain Losses of $31,709,817 in 1921. PACKER CHIEF HOPEFUL CHICAGO, Jan. 18.—Emerging from a year of financial depression, during v.hich losses mounted into millions, the equal of which was never known in the history of the company, Armour and Company greet the new year confident of a turn to the better, according to the annual report of President J. Ogden Armour. Losses sustained by Armour and Company packing and allied industries during the year just passed aggregated $31,709,817.52, according to the statement of President Armour. That officials of the company look for better things darin the current year is evidenced in Armour’s statement that “with losses completely written off and with inventories at current market values, there is every reason for looking to better times.” FURTHER LIQUIDATION HELD IMPROBABLE. Further liquidation of prices, one of the chief factors in the business depression, according to the Armour statement, is “unwarranted and hardly probable.” Adjustment of operating costs in the packing industry has been brought about gradually until virtually the normal status prevails, and this, the report indicates, will find reflection in the “rehabilitation’' of the iffdustrv (generally. Stress is laid upon the fact that the greatest losses suffered were confined to the by-products industries, rather than the meat industry itself. In normal times, the report asserts, these industries are considered the “safeguards” of the packing industry. In one of these branch industries, the Armour Fertilizer Company, losses for the year totaled eight and one-quarter millions—more than 23 per cent of the total loss —the report states. With the allied industries more back to normal a great step will have bene taken forwaVd, President Armour indicates. ' • Need of stabilization of foreign exchange is given emphasis. Huge losses of the industry resulted from this monetary instability, the report asserts. That the company, despite its' heavy losses, is well prepared to enter upon the new era is evidenced, the report states, in the fact that in face of these losses, regular quarterly dividends have been paid on preferred stock at the rate of 7 per cent and that on Dec. 29, 1920, a dividend of $2,000,000 was declared and paid on common stock. “Conditions do not warrant further dividends on common stock.” the report adds. Total assets of the company are given at $480,536,274.32. During 1921 the tot&i volume of business done by the company amounted to $600,000,000, the report shows.
Poincare Pledges Aid in Peace Plan WASHINGTON, Jan. 18.—Secretary of State Implies today received a message from Raymond Poincare, the new French premier, pledging his “sincere desire to [Cooperate in the work of peace being carried on by the Washington conference.” Secretary Hughes will reply to the French premier, thanking him for the message. Why Stay Fat? You Can Reduce The answer of most fat people is that it is too hard, too troublesome and too dangerous to force the weight down. Marmoia Prescription Tablets overcome all these difficulties. They are absolutely harmless, entail no dieting or exercise, and have the added advantage of cheapness. A case is sold at one dolktr by all druggists the world over, or send the price direct to the Murmola Cos.. 4612 Woodward Ave., Detroit, Mich. Now that you know this, you have no excuse for being fat, but can reduce steadily and easily without going through lonp sieges of tiresome exercise and starvation diet or fear of had effects.—Advertisement.
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