Richmond Palladium (Daily), Volume 45, Number 172, 28 May 1920 — Page 10

PAGE TEN

THE RICHMOND PALLADIUM AND SUN -TELEGRAM, FRIDAY, MAY 28, 1920.

Why Are Prices High? Woolen Trust Profiteering?

permitted to carry on this campaign l called on Horace LaMar Monday eve,of profiteering, which they so boldly ning Miss Leora Cri6t returned Istarted out to inaugurate at the be-hnmo .th p,Htt.Qr.H a.t -

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The American Woolen company is

the largest manufacturer of woolen cloth in the United States and to a large extent dominates the trade in that industry. "The deDartment . of justice there-

jfore feels that it has unearthed one of ithe most important cases of profiteer

ing known since the amendment of the

Lever act went into effect.

Liberty, Ind.

LIBERTY, Ind., R. 3. Miss Goldie Teegarden and Herschel LaMar were guests Sunday of Ben Teegarden and family Mr. G. W. White of Frankfort, Ind., is here now visiting his old neighbors and friends Mr. and Mrs. Clarence Haag had for their guests Sunday, Robert Whiteman and family, of near Richmond, and John and Sherman Haag Frank Cromwell and family and Theodore Crom-

family Sunday, and will spend a few days visiting Mrs. Elizabeth Brookbank. spent Sunday with Mr. and Mrs. Fred Brookbank Mr. and Mrs. Wal

ter Pohlar spent Sunday with Mr. and Mrs. Rollie Woods Edward Vandeventer and family of Connersville, spent this week-end with Mr. and Mrs. Carl Crist Lewis White and family and Mr. G. M. White of Frankfort, called on Mr. and Mrs. Horace LaMar Friday evening Mr. and Mrs. Frank Will spent Wednesday with Ray Miles and family Mr. and Mrs. Truman Lackey spent Saturday evening with Horace LaMar and family Lewis White and family motored to Liberty Saturday evening Mr. and Mrs. Roy Miles were the Sunday guests of Mr. and Mrs. Horace LaMar Mr. and Mrs. Clyde Newkirk purchased a fine collie pup of Mr. Brattin, near Richmond, last week....W. S. DuBois and family motored to Cincinnati Tuesday. The Liberty high school com-

this community, is one of the graduates Mr. and Ms. William Parvin, Mr. and Mrs. I. M. Fletcher and Mr. and Mrs. Paul Fletcher and children, Ruth and Clarence of Straughns, called on Mr. and Mrs. Truman Lackey, Wednesday afternoon. .. .Allan McMahan, of Purdue university, spent the week-end with his mother, Mrs. Minnie McMahan, who moved back to her farm la6t week Minnie McMahan

and children shopped in Richmond Monday Bud Johns and family motored to Liberty Monday Mrs. Joe McMahan returned Monday from Martinsville, where Bhe has been taking treatment. .. .Horace LaMar returned Tuesday evening from Indianapolis, where he attended a two days' farmers' meeting Ray Miles and family, Mr. and Mrs. Horace LaMar and Mr. and Mrs. Andy Baudendistel.

and Mrs. Mary Harllne attended the May meeting at Franklin. Sunday...

Sunday with John Driscol and family .-.

Truman lackey ana iamuy, wr& Mary Harbine and .Mr. and Mrs. Horace LeMar greeted friends In College Corner Thursday evening Mr. and Mrs. Andy Baudendistel and Miss Leona Haag spent Sunday with Miss Mary Allen and brothers.

well, of Fairfield, spent Sunday with

Guv Cromwell and family, near Ever-i mencement will be held in the Stanley

Memorial building, Tuesday evening, May 25. Mr. Charles McMahan, of

William M. Wood.

NEW YORK, May 28 The question that has been agitating the American people since the end of the war. Why are clothing prices so high? may be answered during the coming trial of the American Woolen company of Massachusetts and the American Woolen company of New York, commonly known as the woolen trust, and William M. Wood, president of both

companies, just indicted by a federal grand jury on charges of profiteering. Herbert C. Smythe, special assist- I ant United States attorney general in I charge of the prosecution .said that I the government's inquiry had revealed I that besides "enormous" salaries from i both companies Mr. Wood in 1919 re-! ceived $515,482.86 in commissions. I This was charged as a part of the ' manufacturing and selling expense and he further asserted that the companies made an increase in cost of more than . 300 per cent over the prices for 1919. ; It was in this class of materials that the companies are charged with : obtaining profits of more than 100 per cent. In the goods manufactured ' during the present year, Mr. Smythe said the inquiry showed prices 35 per . cent above all costs.

"The profits of the companies in 1919, during which there was a strike of most of their important mills lasting five months, were $15,513,414.70," asserted Smythe. "This information has been supplied from printed statements submitted by

the president to the stockholders. "The output during this period was only 49,000,000 yards, whereas the normal output of their mills was 70.000,000 yards per annum, the company operating 45 cloth mills. "In the present year, when apparently for the first time the cost plus system of fixing the price was adopted, the amount of profits being ralized exceeded on an average from 300

to 400 per cent, over those of 1919. For instance, on an article known as tricot ine for women's wear, the profit for 1919 was 49 cents per yard, while for the same goods for 1920 the profit per yard was $L60. "The ratio of profit is much increased and worse for the consumer when it comes to the companies dealing in stock that had been manufactured and placed in their warehouses in 1919. where the cost was ascertained before the opening of the season, which was not the case with the incidents already cited. "In the latter class the percentage of profits, instead of being 35 per cent over cost, is as much as 100 per cent over cost. "This inventory surplus from the preceding year approximates four and one-half million yards. .: "In view of this increase and nor- , withstanding that the making and selling companies are subjected to an expense, on account of the same man being president of both companies, of

nearly a million dollars compensation for commission and salaries, the 1920 statement should prove a most interesting document if the companies are

ton airs. Anuj Dauueiiuioici aim Miss. Leona Haag motored to Liberty, Monday Mr. and Mrs. Clyde Newkirk spent Sunday with Mr. and Mrs. Hyle Barcus, in Liberty Miss Louise Veal spent several days last week with her grandparents, Mr. and Mrs. Frank Cromwell Mr. and Mrs. Henry Pohlar entertained at dinner Sunday, Frank Behlmer and son and Bud Pohlar of Batecville, Mr. and Mrs. Watsie Brunner and babe of Liberty, and Miss Zola Doty Mr. and Mrs. Frank Templeton entertained at dinner Sunday, John Bunn and family, Miss Carrie Bunn and Effie Crocker. ....Mr. ad Mrs. Link Adams entertained at dinner Sunday, Davis Adams and family of Milroy Elmer Templetons and family spent Sunday with Murry Burk and family. .. .Mr. and Mrs. Frank Templeton entertained Rev. and Mrs. Coddington and daughter Garnet, Saturday night Mr. and Mrs. James Miles, Mrs. Ray Miles and babe, Mrs. Laura Baudendistil and sister. Miss Haag, and Mrs. Mary Harline and Mrs. LaMar attended the decoration service at Franklin Saturday afternoon Clyde Newkirk called on Horace LaMar Monday morning Andy Baudendistel is hauling corn,

which he purchased of Elmer Post,

Monday. . . .Donald and Harold DuBois

"DANDERINE" Stops Hair Coming Out; Doubles Its Beauty.

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Size 14x17 inches. No cost whatever. Enlarged from any good bust photo, postcard or snapshot. You do not have to buy a frame. See artist work at store, Main Floor Annex. No mail orders.

Have you seen the little Miss wearing a bonnet? Watch For Her

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BIG SPECIAL SALE SATURDAY Woolworth Co. 5c & 10c Store See Our Windows. Extra big values at our highest price 10c. Come see every counter as each one will have real bargains on them. Compare our prices elsewhere.

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SULPHUR IS BEST TO CLEAR UP UGLY BROKEN OUT SKIN

Any breaking out or skin irritation on face, neck or body is overcome , quickest by applying Mentho-Sulphur. ' says a noted skin specialist . Because ; ot its germ destroying properties.; nothing has ever been found to take! the place of this sulphur preparation! that instantly brings ease from the ; itching, burning and irritation. j Mentho-Sulphiu' heals eczema right j up, leaving the skin clear and smooth. ! It seldom tails to relieve the torment j or disfigurement. A little jar of '

Menuio-bulphur may be obtained at any drug store. It is used like cold c ream. Advertisement.

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Specials This Week 30x3 Portage (Huskie) $11.95 30x3x2 Portage (Huskie) $16.45 32x3y2 Portage (Huskie) $18.95 31x4 Firestone. ...... $23.95 35x4y2 (Non-Skid) $45.45 34x4 Portage (N. S.) . . $35.90 35x42 Hood Arrow . . . .$54.25 35x5 Hood Arrow . . . .$60.50 5-GaL Can Veedol Oil $3.40 Tool Boxes, 20x7x9 $1.60 Bethlehem Spark Plugs . . . .35c (Not over 4 to one customer)

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TOMORROW Just ask to hear the Peerless Quartette's new Columbia Record of "Who'll Take the Place of Mary" It's a winner, at

FOR GOOD, THE GROUND, THE HOGS AND CUT OF FEED BILLS

cm. 4r hj-

$10 a Bu. For Eto San, Mikado, Holly Brook and Early Brown.

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a Bu.

Every Farmer, for His Own Good, Should Plant Soja Beans Omer G.Whelan

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A NEW PLAN

Real Clothing Values Await You

at the WHEN STORE

And an Additional Service Our Divided Payment Plan It has been the aim of the When Store organization to give to its customers the maximum of value and style for the minimum of price. Square deal and honesty go with every sale. Nothing extra for the privilege of our divided payment plan.

MEN'S SUITS Nifty, serviceable Spring and Summer Suits in beautiful fabrics and natterns. Rich browns, solid blues and plenty of the lighter shades. All are elegant values. BOYS' SUITS Included in our great showing of Boys' Suits are Ihe extra wear ones with doublo .'eats, knees and elbows. Any mother will appreciate what this means in a boys' suit.

For the Ladies

How itching clothing for early Summer wear. We call your especial attention to our line of Voile, Gingham and Organdie Dresses. You will also find exceptional values in Silk and Wool Sweaters, White Shirts, wash or silk; Millinery, and Sport Coats.

You are welcome to Inspect our stocks, whether you buy or not. Tay us a visit.

THE POWER and ADVANTAGES of the WHEN CHAIN Our large chain organization buying power and New York headquarters insures you the latest styles at popular prices. No old stock is carried in the When Stores. You can be sure when you buy from us you are not getting something old or out of style. The privilege of our Divided Payment Plan is extended without extra charge. Next tine you are down town drop into the When Store it is conveniently located. Look around the merchandise will te'.l its own story of style and value.

A Store That Is Different

You'll Like Trading at the When

HIGH GRADE WEARING APPAREL 712 Main St. Phone 5290

"THE FEED MAN" 31 and 33 S. 6th St.

rjaggjcAUY evcrvthjnC, Phone 1679 Opp. Postoffice Phone 1655