Hammond Times, Volume 15, Number 92, Hammond, Lake County, 7 October 1921 — Page 7
Vr'vh
192f. TFT K TIMES PAGE SEVEN
A IS II III
eal facts and figures will fee iven you. to help von determine
wnettier or not Dan orown has conducted the city's affairs in a constructive manner. We will have NO PARADE but plenty of pep inside. Seats all FreeFirst Come, First Serve. Edwin Frederick, Republican and Joe Conroy, Democrat will furnish some of the fireworks.
U)o M Ji
o
CO
s
cut
1 Prosp
value of?X Pvl r-:rf VHU'Tl iilii?t;""rr:J;';V4'y"
way"'- ra'iway a KM'-i - C .irWsa;rsfrm.v'
tvr WAtwwyy A Jt E. B. LEIGH . OP THC RAILWAY l VvNvJJ
. .. V. 1 I T? ASSOCIATION HAS MADE A CARCFUI. 3TUOY V 5 AV-ir LOJ---r-n
THeE TIMES THAT OT IT t&T " ST .tV5 g S '
3 ; J ""'I f"! .'rj Sl ' H rim i uMJir!
B3
"Railway purchases measure general business p: nspt ruy," declares E. B. Leifch, president of the Chicago Railway Equipment Company, speaking of the need cf o framing railroad legislation ihat there may he an accumulation of surplus earnings in good years and hence vigorous railway maintenance, additions and betterments during poor years. Mr. Leigh is an officer of the Railway Business Association, national organization if concerns that sell goods or equipment to railroads. "In fact railway purchases do not merely measure general prosperity," Mr. Lsgh went on, in commenting on the attitude of his association. "A large volume of railway purchases causes general prosperity. In other words, it is possible to prove that the prosperity of the country as a whole varies in proportion to the ability of the railroads of the country to purchr.se the ecaipments necessary for their maintenance, conditions and betterments. "In order to prove this it is only necessary to point out the proportion that the railroad business bears to the rest of the country. It has long been the custom to take the iron and steel industry as the truest index of general business conditions. But up to the outbreak of the war the raiiways of the country directly and indirectly consumed between 40 and 50 per cent, of all the iron and steel produced in the country. The iron and steel index, therefore, is largely dependent upon the purchasing power cf the railroads. Carefully prepared statistics show that the value of the country's railroad and equipment ij over two-thirds of that of all the manufacturing industries in the country combined. The value of the machinery, im
plements and tools purchased by the railroads bears about the same proportion to similar materials purchased by the manufacturing industries. ' The value of the railway cars and locomotives is three times as great as that of all the arm machinery, implements and tools in the country. In other word, the railways of the country' together with the concern! supplying them with equipment constitute th nation's greatest industry next to that of agriculture. "So much for the importance of the railroad industry in respect to the capital. How about its hearing up in labor,
the second and equally essential element in the nation's prosperity? Irivesiigation shows thai no occupation except agriculture employs so many peop'e a? do railroading and providing the needs of railroads. Sometimes the building trades are ranked second to agriculture in the number of employees. But it ntisi he remembered that a very large proportion of building trades employees are engaged in making railway structures or the material for those structure!. It is
i j LVrvv 'w :.... i . -.,
:
1 L
. VALUE
rO RAIL-j
rrv ovc
TWO TWROS THAT
INTERESTS COMBINED-.
oVJ PUKCHA3E3, TINS McAVY MLCn V.-i-T.
believed that nearly 2,000,000 men are employed in the railway supply industries and another 2,000.000 working for the railroads themselves. If the railroads were able to construct new line and purchase new equipment that are sorely needed, many thousands more men would be emploved. "But I am not arguing in behalf of either capital or l-.bor as classes but in the general interest of th. wjioIe nation. That is why I favor tendency underlying
the provisions of ihe Cr.rv-;Hs Dill yriCi respect to the -.vr.: surplus earnings. Sorrc - v ! ures are frarvi h: i.l others in :!:c i".trr.-- ft c. holders. But the Cummins Dill, to my mind, fpcs prominence to the needs of the people a;- a whole "Ever since Hcirv Clay raised his
r.-;r
u to s:
voice Jot
pro:-pvrity. d.e d'.'.iu"'r os. 'iovernmer.t has hcr:t Uk .ie of sfd'ci:::fie f)f
the welfare of ach and every element ia the population; first, for-the sake of' Rcb clen;cnt, and second, for the sak of the country ns a whole, all of the units being regarded as proofing by lh prosperity of each, t'util a few y-r? apo his was the attitude towards the riifrr-nd and the frame of mv-'A in which mmheYs of Cor;;res are lis'.enirc; to the testimony of citizens seems to ijlve pr imise that the attitude towards the railroads may soon become such again. "Mijw it ought to be pretty evident that -.he prosperity of our b.rgcst indus
try, excepting agriculture, and our greatest sin;r!o buying industry, is 'oinf; to .''ermine directly the prosperity of the ( ;:;i:ry as a whole. Let test this belief by a glance at business conditions during recent ears "For a quarter of a century I have noted that v,l:n the rr.ih-n'ad enter 'the ficid of subsiatnial purchases general
f)n:i:.ess pro'prr'a-' iiu r.rh.blv follows first six months, made 110 a still better Liur.;isc the ceakn of Mich purchases year than 1909, akhoCgh the total of car o'.voys means a decline in general bust- purchases was only 145,05. The falling
ness. Careful analysis of the business
conditions of each year from 1907 to 1914 shows definitely the effect of fluctuation in railroad prosperity and the effect of railway purchasing on general business prosperity. The period preceding 1907 was one of increasing net income for the railroads. Car orders reached a maximum in 1905 and 1906. In 1908, due to investing the Interstate
Commerce Commission two vears before
with rate-making power and placing upon the Commission no responsibility for transportation development, railway purchases became controlled by abnormal conditions which have continued more or less from 1908 to the present time. "The year 19QS was notably the leanest of business years up to 1914, notwithstanding bumper crops, plentiful money and absence of disturbed political conditions the three recognized elements making for good business. It likewise recorded the smallest number of cars ordered during the period, 62,9'9, and the minimum of railway purchase for many years prior. "Th conditions of 1908 were continued we!! into 19i)9, but the last half of ihe yar witnessed a substantial buying movement by the railways, the tnal c.irs ordered for the year aggregating 19J,S74, nearly "OTi of which, however, were ordered within the last four months, with particularly heavy erdcrs in Nro-ver.-l tr and December. This gave a fairly good business year, with a heavy c.trry over' to 1910. "General business promptly followed in 110 and the heavy 'carry' over', from 1939, coupled wi:h fairly good buying on the part of the railways during the
off in ear orders after the middle of tha year was duly reflected ia the decline of business until at the end of 1910 the probabilities of 1911 were clearly foreshadowed. 'The decline in general business, together with the falling off of railway purchases, continued throughout almost the entire year of 1911, but at its close a buying movement on the part of the, railways set in. The total number of, ears ordered for the year was 135,740, nearly 30x of which were placed at the very end of the year, and neces arily carried forward into 1912. "We reached a high point in railway purchases about May, 1912, continuing with normal purchases for most cf the remainder of the year, again reaching a high point at the very end of the last quarter, the total car purchases being 239,400, the largest number in my year since 19C6. It is here signiiicara to note hat the foregoing conditions in railway purchases were followed by a phenomenal revival of general business during the last half of 1912; this too in the face of a national election fraught w: h more uncertainties as to its oui-ome than any we had had for yr?rs. Business seemed to ignore thes- :or.d' "o;;s, however, while the heavy purc'it;" -s made by the railways filled the ssre! mills of the country with orders toward the close of the year, so overtaAi-.s their capacity as to compel buyers to ar.ti.lpate deliveries by orders placed fo-.i-, six, and even nine months in advar.-; of shipping date a condition tli ' t s t . r -fore unprecedented, while general ! txtness assumed almost the aspect of ji boom.
"Railway purchases sharply di
i.dl ;
1913 to a very low level foreshadow!'-. : the memorable depression of 1914; Vr: the European War, resulting in tr'-DM-dotts war buying, supplanted railway Imying and brought the country in 39;.i and 1916 to a high point of lus'mesprospcrity. "This controlling current, isv.ti;: -forth from the railways, proo-ods first to the great car-building plants; then?" on to the iron and steel plant ard t the very large number of railway w;pr industries. By the latter it : a-ii directed toward the iron and stee! another industries thence in turn infit.enctng a highly increased number jf other and contributory industries, unrii ihis influence has reached or set in motion the entire industrial machinery, while at every turn and in every direction it has furnished employment to labor. Prosperity and employment are synonymous terms, as conversely are stagnation and unemployment. "Adequate railway revenues are essential to adequate railway purchases; adequate railway purchases are fundamentally essential to general business prosperity; general business prosperity means the prosperity and well being of the entire nation." .
jLConoiny grocery and Market 81 State Street Telephone Hammond 49
Seedless Raisins per lb.
19c
Telmo Fancy Peaches, No. 1 tall can Med. Rsd Salmon, larje can Swansdown Cake
Fiour, per pksj.
Chb House Sliced Pine aps'v, No. 3 can MersknuJlow Flulf,
per jar Argo Gioss Starch, 3 pkjs. for TeLuo Pnrs Fruit Preser?r?, per jar
23c 23c 39c 39c 21c 25 c 30c
17c i2c
Let of Veal, per lb Veal Shoulder, per lb
Veal Breast with pocket, Ej per lb Veal Chop, 1Cr per lb. AO Pork Shoulder Roast, "Kq per lb Beef Pot Roast, 14 per lb "C FRESH SELECTED OYSTERS FRESH DRESSED CHICKENS
ECONOMY MILD CURE HAMS 10 to 12-potxad averse. FREE DELIVERY TO ALL PARTS OF THE CITY
ilHiiiytiifiiJf M
oiiee- More
?M MHinn A -P innA Hf?4 1 Hammond
GOI D MEDAL FLOUR With LIBBVS F'INLAPLE - L.re OUR VERY BEST PREMIUM $3 CO order (scap. tugar. but- cans. 3 for J1.00. Kf COFFEE Cup and Saucer 98c Pcrcan ' for $1.00 LIBBY'S CHERRIES 3'7C SUGAR CQ c Per large can FRESH BAKED COOKIES 10 lbs pic BARS OE PEACHES Heavy 92 C 2 lbs . C CORN MEAL Fancy OQr syrup. Large can... "" yellow. 10 lbs ' .. . STRAWBERRIES. Blackberries. VANILLA WFERS- 95c SALT 99 Black Raspberries. 25c P" per 10-lb. bag C No. 2 can MATCHES- DEL M0NTC ORANGE O K C MIXED COOKIES- J g c d 5 $ C MARMALADE C Per lb rer box CORN FLAKES 7 Teca": Jm't0'i: GRAHAM CRACKERS J5c 3 pkgs . Per FANCY PEABERRY COFFEE PET MILK I I 4 lbs. 95c. OCr BUCKEYE MALT AND Q Per tall can A 1 C Per lb Wt HOPS Per set ....
Extra Special, Chicken Feed, 100 lbs. $2.09
348 Hohman St. Phone 2402 Specials for Saturday
Fancy Wax Beans. No. 2 Ckf: cans. 7 for
; Fine Granulated Sugar.
10 lbs. for Fine Creamery Butter. per lb Pure White Lard. 3 lbs. for Fancy Sweet Corn. 3 can's for Early June Peas, 3 cans for
Monarch Baked Beans,
3 cans for Campbell's Pork and Beans, 2 cans for
63c 45c 40c 34c 43 c 28c 25c
Nutro, 3 eans for Red Cross Macaroni and Spaghetti, 3 pkgs. for Fancy Potatoes. per bushel $1.45, per peck.
Ceresota and Gold Medal Flour 24Vz lbs .$1.19 49 lbs $2.35 Parlor Brooms, 4-sewed. A J?
25c 25c 38c
eacr
FANCY YELLOW PEACHES In heavy syrup. Per can, 23c. 5 cans for ,
Hawaiian Pineapple, thick sliced, 2 No. 3 cans
American Family, P. & G. or ?0
J EJ q Monarch Coffee,
i. IU. 1UI . . . .
Our Very Best Breakfast
Fels Naptha Soap. 10 bars. ! Coffee, per lb
Argo Starch. AKf Live Poultry Hens. lb. 27c. ?Q
c- 11 '
5 pkgs.
Springs, per lb.
No 3 . $100
75c 22 c
(
FREE DELIVERIES
i3aemsi!