Hammond Times, Volume 15, Number 92, Hammond, Lake County, 7 October 1921 — Page 6

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i V, SI X

THE TIMKS Friday, October 7. 1021 (3 itr'S 5JE23E2fflS

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The Straube Piano Company is in a position to knc.v what good Pianos are, being manufacturers of high grade Pianos and Players that have become world known. In our search to locate the very best makes at the very lowest prices, we are pleued to announce five lines of the better make Players at prices that are absolutely down to rock bottom. Besides the price feature on these High Grate Players, Straul e's are in a position to arrange for anyone long time terms; they are also is? a position to allow the most on your cid Piano or Phonograph which you can apply as a payment oi any one of these brand new Players. Don't you think you have deprived yourself ong enough? G?t the mort possible cut of life, not only for yourself, but for the entire f airily. At any rate, we would be ve y pleased to. !iave you call and look over these five makes.

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Conic Grandma It V your turnNow.'" A

(1 631 Hohman Street, Telephone Hammond 661

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Positively cannot be duplicated anywheve at the price; all the latest feat

ure improvements.

PLAYERS

Compares with any Player now selling at $600; improvement include the Automatic Tractor.

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PLAYERS

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These Players were formerly sold at jj $750.. AH finished and all new ir y - - K provements.

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P Here's a Player that saves yon $200; R they cannot be bought anywhere foiI $209 more, if you compare quality. II ......

Positively at the top notch of Playei

li riano construction and unbeatable at n

any price. Terms to suit.

Straube's expert Piano builders and Finishers are always at your service, the minute you want them, is an important festove to consider in buying a Piano. Unlimited service is afforded you here.

mil.

An instance policy is issued with each Piano or Phciiograph sold. There is no charge for this policy it'j a Straube feature that affords a protection not to be secured anywhere else. Ask thoui ii.

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133

AILS

ABE STH.it 1TPCPTI. ,rc-0 - - -t--V " , - . T

jii it F . .j. ir;R m iiii itcif 'j.irtM. rue , ? . . - - -5. ... ' -- 't , ......

i paje with ui " '. ' : ' ':.

-ClT r-JTL- lT-ri- -.. t!: .H.'i-l-'ft of i

By FRANCIS H. S?SON, Vice President Guaranty Trust npany of New York.

1 HI: widest sense the roin-

v.n:i nations luwo

to ofifr V.-,v,r tifi:!ilors fnl!

into thri-e ir-n(M-al , ;:teories :

tl'.'ie conirnKlir! s rrprpst nti

rutural resources ti.e product of fie!'!, forest and mine; t;i:i;i";f;'.c tures. the pro'urt of r;i;" 1 1 " no 8:i l the factory worker's skill ; and fhpital the acnirnuliitpd surplus f industry of every description.

want payment In merchnr J!s.' $!rI plu? i r domef '? cnsifiptfcn of tl'.e larger maiuifacturliu iv?ins. ; 'tinniiVi.ct'jro 1 :-'tU tr ex; or'. ;n

So ion? as we were a country with trials, s'tc!)

wiiile rich in ti nny fur.3r."i nt'. ratural resources, such as ci i n'.'.O. Iron, nie often hi Kini in rr.'.v ma-

at- or tron. '. ooi.

;.rca nf new land in the Vt

''e velopniint anl

api'al we were, as r i : trios, a i!'l!r n:iti

per. So t!:.e lei.rk-rs of coj'itr.i

co;-

TrJit:ra to os:r alf-cdy large ':rp!ts of r:; -.v c.f er!-,is. But we reh:u.nc'd on t'"e whole a debtor countr, ns " e fj?d ?':(.re caplra! rlim wr o:jr.-r ! es v-ou:J sapr'v- For for-

ract:ng their pnv fr.r.i t11'1 Umi'.c:! S;

Te-, .... cap i

we i:i : es'i'ss .if .-sir '; s s. :!; ,'c-.er?l cUss.

in -nor-' hn't.U of tii- w l.-at.s and ; thai we were a But tins i mndmnnt'tt

t .

tur

iielr e'"o: ':".

tp f '"Ci :i Co;;:,; r e- ; ''h-Andi.c.', '-i.rtly tr partly it; c' -.r,? ter-, ! ?rt!trf ;es w:-.:-!t

O t i : A nit' ere i. : n p

?re; lrivit; f.. :. Ct her

' o 1 ad ijot capital

ti'l-i'S 1 1 carry out the tr ';e'.e! '.)'. eat. and v. e caih-,1 !n a-;sist i.noe f iIims,- nations n it!'. ruitit,v to l.-iid. I'.y ii:estiiiZ capita' .here freit.ers were creatitic a detnnr:d for at'.d supplying the means, to tny their cods. Thercf'irf we furnishcd sin-excellent market for the products of o'.tr creditors

Creditor nations as a rule do not I The t'nited 5t'!'o hwr;n not'! alrondy '"sii -;. We n-nrn hp!i'Tt ng perl; pay went of their Interest or ov.lv. one of the . wnr!r"a Irrrest - to expor' capital on n s:!..a!t S' ale

lv vy- i

' - v t TEA FORAMf RIC A ' ClNfc UNJ.CAD3D .-frtC .'EU SOATij AT ' ' ' S H,r ' mNA IMPORTS , ---M ''ifv.t CONS'DEffA&LE fE.SS C f WHICH FOREIGN

DM A CAN Ar P.ivtt;-

A. 'i rlCAN CAPITAL 1 rVTC'iS'Vr '- Of CANADA

pro onlr twn mpfTir .t '.x

lr.i.chtcdncs c;:n be h'j'j'n t" ,1. One coris.de: 'dn neitiis tit fcr pavment of the nnc-r.'V).: ed to tts !s in 1 .: f-.rm of Inipc.-ted in os-ess of m-r cm fltarlv. ntl.or na:ii.s f aro"! poods to us in sufih.:c'it ;itn.in dnuldatf- their huii ii.i'"; teor. '

our intemnt lonnl tra ie :s to he su..cited with burdensome ji.. n;,. -j ,-.is. however. Is n"w more cf m e--onorn. c than a political iprs-ion,- w h ch i.j list be dealt, w ith In ; ucl; s wpv tr-nt ddiereio'cs In cost of pn-fliv-ti .mi will :it prevent h cinapct'Tion in f"re!pi ni-idsets of our kO-kla with those from other ooun- ' i-ies.

we ran het srippVf. When th present reaction in prices has run Hs course our export trade in merchandise can. If adeijoatrv supported hy credit and hanking facilities, be increased: though the present great excess over imports cannot be carried for lonp. The hanker is charged with the duty of devising machinery for carrying and settling international balances, and the hanker, fee! in:: his responsibility. Is already at work on the tr.sk. Several of our larger financial Institutions have been furnishing many banking facilities and Information services to their customers doing business In other lands. These have net our immediate reo'drements and have taught our merchants that credit, v.hea granted wisely, la a universal commodity But our hanks are not equipped for Ions: term fina icin? of foreign trade. The ch'ef necess'ty of the situation. In fact, is f or merh-m bankers and business men to develop nde'pate credit and vm::er c maeh.Livry to v.; et he domar li of p'v.CTH .--ii.-n"fe-. A!-rO-1 J ' V':vV.;w e'T'T'.- h.. ' p. on

, Inf. ' r.-:r -. rr. , the F.--V :-.- ''.d : t v.. -,..

infi ;r.c i'-'i ocl ; i -r

l.e I? tr; i; k, th'. ;-o; the i.-.-t

t-r Evp

.. St i rs ". Ut"i "it'd

li-j .Associalio 1 . stiJdisjir.iCt:: e .- . : t J'iwll f 'l'-' . of f.rrr.'s;

the h.'lt.

3 Of

'!"C. lion .' .

s i; .;a,n? ''; ' ;oo. ii... t re:-it ett'ire'.v ur hanks it -"t w iiusf have ti e 'o oi UStCL't-; if -,1 ;, s.ffor a d-vt-r.e !ms ..' i i' s ri -' . K i;p t a iid f.;i ;- inve . cats, no m.(

r,e I;

The only ether i.ifc?ns by which f. re:

( o-s!dornMe !'. '.an

1 :

aricuh i.r:

1 1

caniftfi ar,

ni Ti : i u i ;

tares or. th'ir qu

la rg"

scf,!o gofn: ticir eqii'viiient

in the f"r:n f m.'Tchandicp. ifimrt- : el gi'cr.tiy in excess of ip-oif ;')& exported

os men's we r:i;i

cn.i;?o e,"-.'t3 greatly ir !; --ports.

..s: 1 ' r t here proi'i.l ch i:i':

tions of our efopumlc life. Ail ';ri-i;. ' r j h'i 1 i'Oe': o''i-: : el

ed to ef;c!'if ier, -afii we wei i tiiis c futtvlns '-, ni.r itilivve dervlop-! ol.nr ment the ir::cr ;i:i I f 'Hter ti';ia- ' ! of

o t - - 1

c-d f. 1 of! e. .-.! of tui.-f t 'iich- huge

their del ts to us- Is hy our t)::r)-M j tvreis vo'hn v export of capita; on a Jiree scale, i The variety

t he s

ion,'

.e.J.

it ve wit

It is iikcly :

rem vest .r. the r.or.oti

e r:r.ients, tiiUIVip'tCt's rr tions and th; t ';:t pi 'ri.me.it 'a-is i;i r

ord'nue to , j?

it) ex- j po-reid

v, line

these n;

i i .

i.-rs .n I i, (try to . r. r r-

('In

ton

the mines w.

li we were

phic,

two .n,.-. tinue on

)-. th:

ra:h

e no' of dexel

ti.eir .principal In money, as they ! sources of raw materials, hul also--This chance from a 'del

r to u or we shall lose our place of c

nomic and political power in

w? ?i re 11 fl

I - -:- ii ' e-.pcrtir

i.i and titer h

:r r reh.iiohs ; 'i:.p

i i dlLi'Hi a:'i."t conttntie, r.

.-. for 't wonid lead far Ma

i :,' v t-':e ha r.ii.e

"fiv t! e Palate -ft is over

i exec

imports. It

i'c'r (!'! t.-j to tjs. It is ofoiois, then, that when 'so ct.-,iti-l"s h'ch owe us for .t;r -rco J.; .'iml capital ore aain re-

:r:, i

t.i-t-," rt.-j o

t ; fl

of. iia'an-ie

our ep "'."'s

i:- tr

ie com a;

rvrchfrd'i

-- i it-.'

e ; core' !. e e -K ; U at ' p-e-,

our t i! e: rn f r

S ) n i Jc that 5-ti e :'-s,: ion ovf oonsijn-.pr.iori ': -i ,c of ..- ; .

W!!i ie

-gn countries are'i.iain

a'-u.ty In leaving.

of our rot iv ha n I'se s certain. Ii v. ecr.

that the enorti'oos evec.-- wtocli l

fit.- !: of cor:, run h;;

fore;

. 't v c

l fl '0 --fo

s ir, o;jr . 'i: ;

:irri. s i"h;cii ..'.ird the flow .merce. we wli! :n :1c long

cap ourselves and work

are likely t reinvest where, expo- one of the largest producers of creditor country was accelerated by rionce has proved that loans mav'he manufacturer! goods. Before 1914 ' the 'war.' '

I ? a i -c d to a d v a j 1 S a. ge. Bather, theyv,e became a country with a sur-f And now we hare definitely reach-! and Ideals of sen ice to mankind.

; e'tfihlished. fir ancially and et;ontmh ally, they w ill have fo pay us with

world, and w ith it our high hones i something more tangible than new

'or refunded loans. Obviously there

characteristic of our prc ent trade j Incomparable inl iry to our future will he considerably diminished. prosperity. Already we are seeing Such n change In our forelzn t the pr 'ducts of field and factory trade balance need not, and prohn-j piling up in granary and warehouse, bly will 'not, be made at the ex- J The real problem therefore, is th pense of our export trade. The j maintenance of the volume of oar world still requires thirds which trade.

f-1 ill Its till I? 9 IS ft 1 ill! !$! I Si is; f r j I 1 ;