Hammond Times, Volume 13, Number 31, Hammond, Lake County, 17 July 1918 — Page 6

Page Six.

THE TIMES. Wednesday, July 17, llJV6. CABLE RAILWAYS AID IT A LI ANS IN VICTORIOUS DRIVE Lillian and Dorothy Gish in "Hearts of the World," Orpheum, July 22, 23, 24,25

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Locomotive Company Hew York Hears Has Borrowed tor Working Capital,

Special, To The Times.! NETW YOrtK. July 17. A financial item fraught with much significance to the future cf the Baldwin Locomotive Works and its reported possible building operations has been made public. It says: "Dividends on the common slock are remote. The company is conserving its cash resource? as much as possible as its increasing business necessitates additional working capital. 'An expenditure cf $5.fPO.O0O In connection with the building cf a new plant in the v'hicapo district indicates that no early dividend action is possible as Baldwin as the result of us increased business has been compelled to borrow more than Sin.nnn.ooo." That the Baldwin Locomotive comrar.y is seriously considering if it has not already planned the building of Us western plant at Kast Chicago pains strength each day. Inside financial circles in the east no 'onger make any bones about taking it for granted that tho Baldwin company is preparing to build at Kast Chicago and is trimming its financial sails to meet ihe necessary expenditures. No further inkling from the rhi'adclchia offices of th" company has come to "he Calumet region, however. None of hose in touch with the situation in Kast Chicago bae a word to say. but there is an undercurrent of confidence "iton ever. i PATH OF FRANCHISE IS ROCKY (Continued from page one ) service is absolutely rotten. Kefore I sign that franchise there has to be something done." When the ordinance presented by the 'freet car company at the instigation of the government, which has agreed to loan the company $310,000 to make the improvement that the war department has ordered in order that men can be transported to and from the Standard teel Car plant, which has a hundred million dollar ammunition eontraet. wa3 introduced. Councilman Anderson of the Kleventh ward moved that it be sent 'o the finance committee. Fleas for United Town. Councilman L. C. Smith then made a ra for a united Hammond, statin that fi' '4 A3" AMERICA HAS THE AC?ANTAGE Of AN INEXHAUSTIBLE bUPUT Of KAVJ JArcRIAL WHICHWILL BE OF THE UTMOST VALUE AFTER THE WAR By FRANCIS H. SISSON, Vice President Guaranty Trust Company of New York. In the chaos of war there Is both evil and good. At first sight the evil of war is so manifest that talk of benefits seems sheer irony. In money the war has already cost at least a hundred billions. Millions of lives have ht-en lost or rendered economically useless. Entire countries have been laid waste. The paraphernalia of business has been scrapped. Normal trade routes bave been abandoned, and new ones, to meet temporary needs, h;ive been established. Nevertheless, there are certain ndv;iiiius;?s in which are seeds of restoration and even greater future prosperity. The war has driven individuals anL nations to a marvelous development of tl.cir personal and collective

.9.' W ... Cable During the recer.t fif-hting in the mountainous section of the Italian front the ability of the Italian troops to transport ammunition, supplies and even men up and i the t it y a s divid'-d in two sections, with the Kmc and Monon raihoads as the (iiuiims line. lis asked for a satisfactory s-. ttlr mont of the street car and sewer matters. "I think we ought t- study over this franchise." sa-.d Councilman Anderson. 'and rrevail upon the cor !h'. car line whre H will anv tO rUtl I o the most I I pood. We are ail loyal and want to I assist the g-ivernment, but. we can also see where the car J;ne can be run to as (great an advantage find a greater reve- ' r.ue lo the company on Calumet avenue." j Counc.lman Skafskis. socialist from East Hammond spoke. 1 thought the I

: citizens of the East Std were satisfie3 j a" vcry few towns hav e been by the 'last nigh at the Chimber of Commerce I Kovornmont." said Councilman Martin, (when they were told authoritatively j "t'irst it ws given a hundred million (that this oar line was not to e.ccom--j dollars of war work to a plant that was ' modate any part of Hammond, but a j unprepared for it. and half a million ! government projeet to get men to the dollars for housing. Now the governj Standard and that the government has j !rent Is willing to spend $300,000 to decided where it wants it and that ends : ""Proe snd extend its street car line tit." when street car extensions are prevent-

"We're tlie Government." "They talk about the go vernment." J declared Highland. "Who are the gov- j crnment? We're a part of the government. If its going to mke any more bullet? to shoot at the kaiser I say run down Columbia avenue, but I can't for the life of me see wh"-re it will be any more benefit to the government. I Sv,. . --e ' '',1A, ml1 y.' ' 1 -.14C. 7i 1 "4?y?yi''t 1 DEVASTATED TPRES restjrees never before known. Lnxury and ease-tovir.g peoples have lecoitie frugal and industrious. Universal thrift has become a necessity. Neutral countries, co longer nble 10 Import necessities, are developing their own fields and mices. They are Increasing their manufactures and developing their foreign trade. We are entering upon an nge of enterprise and preparation, rot unlike that of the Renaissance, at the close of ihe Middle Ages. The first pace task will be the demobilization of the vast war machines and the rearrangement of society on a peace basis which the war, whatever

r. i-J-railway used in mountains by Italian down the mountain side with rrrcat rapidity has startled ths Austrian hordes. The Italian engineers constructed cable or suspension railroads or hoists to transport am think there's something ebout this xoinK down Columbia avenue. I thlnK. the company sees a rhar.ee of fixing it so competition ran t get into the town. We have dreamed of r street ear line i'ti Calumet avenue for four years and now that we hae it within our grasp 1 : . . . J .. . . - . . , . "KJ I'J Idfie il M v a lioill Oaiumet avenue seems feasible to us. tGreat applause from gallery.) j "If the government says Columbia j avenue. I say Columbia avenue." shoulJ od Heilley. "I'm for the governiv.ent. i firs;, last and ail the time." (A little f PPiausc about as little as possible.) tninK Hammond has been faored r,i now- by the government in most cit ies. and here we are w rangling about '(- ' "I'm r.ot objecting to what the government suggests." said Anderson, "but there is h possibility we might get what we're asking for." Councilman Pkufakiss pointed out that the car line from the G. & I. at Sibley , THE WAR HAS MADE THE MONEY CENTRE AcE?A.99NANT " " - THE RECONSTRUCTION OF CITIES OF THE TASKS OF Its outcome, will have unavoidably made different from the o'.d pre-war standard. How great 1 this problem of readjustment Is illustrated by tl'.e estimate that 35,000,000 men are nnder arms or directly connected with military and naval service. How many more. Including women, are engaged exclusively in war work it Is Impossible to esti mate. Then there are the million i whose energies are directed towards supplying goods and services needed I only because so many nieti rid women have been withdrawn from production and distribution. So while the demobilization of the

army.

munition, men and equipment to the different troop? sections. The photo shows a hujre carrier with supplies being unloaded at the t..-iao of a mountain. street to th" Standard woull be only live-eighths of a mile in lviigtli. a !;ss distance than from Sibley s:rtct to Conkey avenue on Calumet a enue. and that alone was sufficient reason for the government's recomiK r.dat! even though it. would not provide better facilities !v,r the Standard workers. DEATH OF JOS. GEIS. Spe'TIal To Tut Timks. DTER. IXD., July 17. Joseph Gels, one of this tow n's best known mn. who j for 20 years has lived here, died last; night after a brief illness. He was ?3 years cf age and leaves a wife, son Henry and two daughters. Kathcrims and Mrs. Geiis cf Chicago Heights. He j was a. member of the Catholic Order of Foresters. The funeral will take place - , 1 A . Of Tr,Pn-U'a n l. I 'I n. ill. i X i cu i . oo i t-i. u o,tt-- i , (church here.

T, c p, . j I battle Receipts, 11.000; market.; ine war savings rieage Lara is j ptror-g.; Pevs. sii.eosis.in; cows-heif-a little note written tO Uncle Samls. SS.15A 14 50: stockers-feeders. $.23 I

tc rssufe him that you are with him in the war and that you intend to stay to the finish. llJtA 1 NEW YORK'S FINANCIAL DISTRICT OF THE WODi n Turi ut; .upn ,

POSITION IN THE DLV ELOPEMENT

DESTROYED BY WAR WILL BE ONE PEACE

At this timS. when a:l the rations of the world are giving thoutit ta their commercial. P.r.ajxia! ar.d industrial conditions after the wax. It benooves the United States aYao to tak4 s"ocK of the future Whether peace is one year or five yearn away tt must cotr.e eventually. Business, however, will pror-ably never apa:n conform to pre-war standards. Whether the United States is to be we. I tntcgrratec part of the r.ewiy organized economic body depends almost entirely upon the steps which wo now Uke to prepare for the adjustment of our business to the conditions that will prevail after the war. To asf.Bt in focusing public attention upon the very pressing and Immediate neea tor giving serious thought to our economic future this newspaper haj arranged with the Guaranty Trust Company of New York tor the publiratmn of s seric-s ot authoritative articles on the conditions brousr.- ahou' ty the war in this ar.d other countries and the t-teus vr,:c.-. are l'-:ria taken 10 meet them, and to prepare lor the tuture. THE KDITOR

actual fighters is a huge problem, the demobilization of the war industries is an even greater oue, which will de -

The following ts a statement from build. r.g cfjxminsloncr Vis for the first r.x months r,f 1?1S fhowing a gain of li'O pe;- cent oer the correspondins Months of 1317.

I '. . bi.rd:r.jr for v.-h!- h v rmits j ' eie secured du rinsr th first tlx i riontli.s ..f ID.-. T.f. C ". ! cost f -j:M.n-.i .' r whuh permits j v cr" ! re d.il'inR the first 1ti I tuonths of 1!T, $510.01 2.'J, iinving a ! d'. fferen e i.r $f,i',7.," v fift Collection of huildins permit feea for first six months of ;!US. $1.7!4.15. t'oilf.-tlon r,t huiiding permit fees for first six months of 1S17. $572. S3, s howitiK a d:ff,'renr ,.f J5t.30. THE TI1ES' FlillAL COLUMN July 17. j si-, ; R4 ; R7-, ; 40 i s;ia I 54", ! 147 ; 4 S 5 A'chison Amerii'tin Car Kdry. Anaconda Ilronkh n Hapid Transit Haldwin locomotive lialtimore and '.'lno Canadian Paelfie 1 American Can C'. New York Centra! Colorado Ku'l Vntrnl Leather ("hesnpeake and Ohio Crucible Steel Erie 'Ireat Northern Mexican Petroleum V :nnsj ! a ma Reading T. S. liurber Soutl; rn raeif,,' 'hco. Mil. and St. Paul U. S. Seel 1'iiion Pacific Tl a 4.",:; - I -- i &l i OS I .. 43-i : g ; - (,: -- 1 -- 4 1 ; .-104)i ' -i 21 9 : SI ; Vtah Copper CHICAGO OEAIJI rtTTTJEZS. Corn Aug.. $i.60ig; .Tub. J1.59t4 Sept.. $1,611!,. Oats Aug, 72"c; July. 76'2c; Sept., ri'.c. CHICAGO X.IVE STOCX. Hogs Receipts. 15.000; market. , steady lOfi 35 rough. $15.50 ? 17.10; light. flS.-j ' , ' S17.95W1S.30; bulk. i 4 "a is..". S 13.00; caners. $7.10S.1o; calves. $16.2517.00; butchers. $4.1514.50. CHICAOO PEODUCE. Butter Creamery extras. 43,2'544c; THE 7QOQ EMPLOYES ONE OF AMERICA'S Industries '4 as. OF THE FIRST t maud ull the wisdom of mankind, J Moreover, for Europe especially, must eoaie the period of rebuilding and re-

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creamery firsts, 43iT44c; firsts, 40,i1? ; 4.'(c: seconds. 3S'i i 40c. y-:gj -Ordinaries. 35 rc; firsts, 35; 'ft 39 i.e. I.ie Poultry fowls. 23 '2c ; ducks, 23e. geese, H"gl3c; springs, 36c; turkeys. 30c. Veal 50 to K0 lbs , 21c; 60 to SO lbs.. "l''5221i; 30jil0 lbs. 23'523,.2r; fancy, 24c: overweight kicneys, l$20c; coarse. 15 IS. rota toes Cars. 30; net springs. $2.50 Virginia, bbls.. $3 50 5 3.73. BUYS INTEREST IN ELECTRIC CO. ! George O'Ponnell. fromer proprietor I of fVIXmneW? buffet and cafe in : Broadway. Gary, has purchased a half intreet in the Blaner E!e-tric company. 110 West Seventh avenue, and wiil take an active part the man1 agement of the businf WTTXTTinn I1T"RT..C! GOVERNMENT WORK fsr-rroiAt. To the times WHITING. Ind . July 17 Miss Lu- ! eile Daegling of laporte avenue w-ui j leave Monday for Washington. T. C. where she will assume a clerical position for the government. Miss Paegling received hr call last A . '- J ! INDUSTRIES CE -yyyAT least t MC VVMtC equipping the industries of peace. The needs of every European country along these lines must be studied. But with this period of reorganization successfully passed, the nations ; affected by the war foresee a new era j of prosperity. Countries heavily in i tiebr are planning to reduce their obI ligations and eventually capture the ; balance of trade. They are pianr.ing ! Intensive cultivation of the .!. o:- ' lariroment of industry, development of j their merchant mance. While America's rebuilding ar.d demobilization problems will be comparatively light, and she will accordingly have an important advsmue. oyer her

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Paturdav and w-i'.l reside with Miss Carrie Sehantz. Whiting high school musical director, who has just assumed a similar government FOiitlon la Washington. CYCLIST RUNS THRU CROWD; HITS ONE John Eardec was arr?sted by Officer Rajmetz of the East Chicago police early today after it is said he had run down Adoiph Nader. 340 Johnson street, Hammond, seriously injuring him. According to the officer's report Bardec shot his motorcycle thrcugh a crowd cf people getting on a car at "four corners" and that he did not look back after he had hit his victim. The officer caught Bardec. TO LET 142ND ST. CONTRACT SOON East Chicago board of public works next Monday is scheduled to let the 142nd street improvement job. This contract calls for the street concreting between Homer Eee and Forsythe avenues and probably will run between $?,- 500 and $3,000. Remonstrances on th Dickey place assessment roll will also be heard on Monday. rivals. European natlocr. will ulso hav certain materia! advantages. One cf these will be the Impetus given by their colossal national debts, which wiil spur them to redoubled efforts toward a quick upbuilding of their foreign trade. They will have colonies rich in raw materials, which have developed during the last three years n higher degree of productive efficiency. They will have an Intimate acquaintance with the conduct of foreign trade and at 'east a framework of an organization for j.n;fievring it. They will have a system of foreign batiks with staffs of trained men. They will have a degree of governmental assistance and support, hitherto, at least, unknown to American traders. But America has certain other advantages over them. She has n bugs gold reserve on which to build credit, sufficient not only for our own enter prises, but also to give foreign aid. We have a banking system characterized by some of our rival nations as ideal, a system lending Itself to the extension of American financial houses abroad. In this a beginning has been made, not only by setting up branch banks and foreign offices, but also by organizing commercial banks. Then, too, America has a form of government In which her citizens believe. Other nations genera.llywjindejstand that she has no territorial ambitions. Finally, this country is not likely to he cursed with the class struggle. Economically, her position is solid. With an Immense and varied population, she is assured of a richness and variety of productive efforts that, richtlv directed, should give her pre eminence. She has an abundance of unfilled farm land, inexhaustible mines, rich forests and ample water supply. Our inventive genius is proverbiaL And we shall have at the close of the war a merchant marine such us America or any other nation has never before known. And yet, while every other great cation Is attacking Its future preparations under carefully organized governmental direction, we in the United States are lagging behind. There has been so fur no organized undertaking of the problem of reconstruction as a whole on the part of the Government. While it may be fttirly assumed that such departments as those of the Treasury. Interior. Agriculture, Commerce and Labor are devoting much of their tline to reconstruction measures, there is as yet no asreney for the coordination of their findings and the suggestion of general policies, unless it be Congress itself, a purely polftieal body. While up to the present time individuals, corporations and associations h.ive done a great deal lu the desultory, detached sort of way. no medium for the interchange of opinion or for co-operative effort has been createii. This country seems not yet to have sensed the fact that the day of individual elTorts and purposes, p.s distinguished from co-ppemtion mid public service. h:i" passe! : that the war lias e:ah!isheil not nuly interdependence of nations. Inn u'so tlin interdependence of individuals aud classes, and that commo'i understanding, counsel and co-operation are to Ue tb watchwords of the future,