Richmond Palladium (Daily), Volume 45, Number 269, 21 September 1920 — Page 12

PAGE TWELVE

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., TUESDAY, SEPT. 21, 1920.

BUSINESS IS GOOD; COUNTRY IS SOUND, SAYS FRANKLIN LANE

Franklin K. Lane, former secretary of the Interior, has Issued a statement making: public a summary of -what ha calls "The first comprehensive, carefully made and approximately accurate picture of Industrial, agricultural, financial and political conditions throughout the United States." It dis

covers In the foreground, he says, that

both major political parties have over

looked the greatest issue In the pubKc

mind, which is the coat of living.

It also shows, he states, that the

conutry is on a sound economic basis,

with the wave of extravagance subsiding, saving increasing, wholesalers and retailers optimistic over the winter outlook and a growing disposition for hard work, although the individual productivity of labor Is not yet shoeing much evidence of Increase. Mr. Lane's statement summarizes a survey made through 900 field representatives of the Fidelity and Deposit company, of Maryland, and covers every section of the country. Indecision Seen. In a preface to his analysis of the survey, Mr. Lane says: "With the presidential election but six weeks away and the winter rapidly approaching, many thoughtful people stand hesitant and undecided, having difficulty because of the general lack of knowledge of business conditions outside of their own locality or interests. The general tendency has been to see what the next man thinks, with the uncom fortable feeling that his guess in no better than another's." Economically Sound. Under the head of industrial conditions Mr. Lane says: "Economically, the United States is shown to be better off than any other country in the world. There is no evidence of idleness. "There Is no shortage of raw materials sufficient to curtail production reported from any of the nine geographical districts into which the country was divided for the purpose of the survey. Transportation conditions are Improving everywhere and a substantial reduction In the freight car shortage is reported in every district except in the Rocky mountain states, in the southwest, and in the district includ ing Kentucky, Tennessee, Alabama and Mississippi, although an improvo ment is noted In the latter district. "A shortage of coal and a failure of labor to increase individual productivity appear to be the only two unfavorable aspects In the Immediate industrial situation. Labor Costs Rise. "Although labor is costing still more than it did last year, it apparently .is producing no more. Wages have advanced from 10 to 50 per cent in the last twelve months and yet nowhere is there reported increase in productivity per man. I am not expecting that the cost of labor will fall off even in the worst of times to its prewar stage, for I believe that the real differential between directing labor and manual

KiKht r-Yrar-OId Soldier Writes W. H. Clough, Co. E, Ward R, Soldiers' Home, Cal., writes: "I have been troubled with constipation for years. I have found Foley Cathartic Tablets keep me in a better and natural shape than any medicine I have ever taken. I am almost eighty years old and I am pleased to tell you of the value I have received." Foley Cathartic Tablets cause no pain, nausea nor griping. They relieve indigestion, sick headache, billousnes and sour stomach. For sale by A. G. Luken & Co.. 630 Main St. Advertisement.

labor will never agaln.be as great as It has been. "So far as the distribution of labor is concerned, the situation nationally appears to be well equalized. "An important disclosure of the survey Is the seriousness of toe housing situation. More Home Needed. "The call for buildings comes loudest from the most essential places of manufacture rather than from the retall centers and is for low-priced dwell-

igs. Building construction is increasing In New England, but the bulk of the construction Is of factories, ware

houses and stores. New York. Penn

sylvania and most of the other great

industrial states of the East and middle West show a falling off in building

operations. "In no section of the country did the investigators find sentiment in favor

of governmental ownership of the railroads; and everywhere better transportation conditions are reported. . "Agriculture is generally recognized as the backbone of the country, and the farming situation is excellent; from no section has an unfavorable report been received. Farmers are well supplied with funds from the sale of this year's crop, but they are wise in that they know that more favorable marketing conditions can be created. 1 "In the financial field, money is tight That may mean several things. First, that the people want money badly to put into producing activities; second, that the banks attempted to get whatever the traffic will bear shearing close to the skin; third, that there is an Inadequate supply of money, or fourth, that those who have money lack confidence. There are other reasons, no doubt, and among them that the dollar now buys less than heretofore, people with money wish to charge more for the service

than money gives. No one can ac

curately say which of these causes is the most important factor, but probably all contribute to the present situation. Banks Loaned Up. "The telegraph reports from every section of the country state that the tanks are well loaned up. "The country does not like the present taxtion system. The excess profits tax is in bad favor everywhere. "We are not yet masters of the art of distribution of products. The fact

that the farmers uniformly report a desire for some co-operative method by which their products can be

brought to consumers means that this problem is of the greatest Importance.

High Costs an Issue. ' "The large outstanding fact developed by the Fidelity and Deposit Company seems to be that the greatest if sue in the public mind is being overlooked by the campaigners the high cost of living. I think this conclusion will be justified, but the blame should not be cast upon the producer and certainly the fanner has not received his share of the wealth which he creates. "It is clear that the country Is on a

sound economic basis and there is gen

erally a spirit or confidence in the fu

ture, regardless of the outcome of the

election.

'The business outlook appears to be

good in every section. Wholesalers and

retailers view the fall and winter op

timistically. The retailer is finding that the consumer is looking forward without fear to the winter, and his

HIT

A-VEEK

Sept. 20th to 25th

Tell Me Little Gypsy"

(Tuesday)

For

a typical Art

Hickman record ask to hear "Tell Me, Little Gypsy". Any standard make of phonograph plays Columbia Rec o r d s, and "Tell Me, Little Gypsy" will be oversold throughout the winter.

m GUNN Sectional Book Cases

jwnnii vr.r. .mill mn wwm

aft-""-

wmm.

A Watch You Can Trust T ATXROADS require a very high standard in the watches carried by their employees. That is the result of years of experience, proving that the better grades are more dependable in every make. C We carry watches of Railroad grade in some of the smaller sizes for men who desire a watch of ab solnte dependability. Our long experience may be relied upon for reccommending the watch yon can best afford to bay. We are always glad to help you choose the best.

CHARLES H. HANER 810 Main St. Jeweler Glasses Fitt-

At Felt man's

School Shoe for the Growing Girl

Dark Brown Calf, all leather, made over "Brogue" pattern, low heels

$7.00

.Feltman's Shoe Store. The World's Largest Shoe Dealers 35 Stores 724 Main Street

rurchases from the wholesaler are

founded upon this optimism. From the

simple toiler up through to the tradesmen, to the industry and the financier there runs the connected feeling of confidence."

ELECTRIC ENGINES HAUL TRACTION FREIGHT TRAINS COLUMBUS. Ind., Sept. 21. A new electric engine, ordered nine months ago by the Interstate Public Service Company and the first to be used on electric railways in Indiana, was put in the freight service on the company's line between Indianapolis and Louisville Sunday. Two freight trains of four cars will be operated over the line daily, one north and one south. Officials of the company here announced they will shortly order additional freight cars and that eight new all steel passenger cars, ordered some time ago, will be put in service in November.

SOCIALISTS, ONCE OUSTED, SEATED IN N. Y. ASSEMBLY ALBANY, N. Y-. Sept. 21. No action

was taken Monday night when the As

sembly convened In extraordinary session relative to the five Socialist

members expelled last spring and re

elected last Thursday to fill their own vacancies. After the call to order, the

special message of Governor Smith on

the housing situation. was read.

All five of the Socialists were In

their seats when the gavel fell.

In anticipation of some drastic ac

tion, one of the largest crowds that

ever attended a session of the Assem bly was present.

17a Well J You Well?

STERIZOI hm 1HK ANTISEPTIC JU

AT ALL DRUG STORES

i i i.

Women of Middle Age Owing to modern methods of living not one woman in a thousand approaches this perfectly natural change in her life without; experiencing a train of very annoying and sometimes painful symptoms. Those dreadful hot flashes, smothering spells, fainting spells, nervous troubles and irregularities are symptoms that should have prompt attention. These two letters prove what a successful remedy Lydia E. Pinkham's Vegetable Compound is for women at this time of life.

These Two Women Helped During Change of Life.

Taunton, Mass. " I could not eat or

sleep for six months,had fainting spells and could not walk without help for three months,caused by female trouble. My cousin, who was a doctor, told me to take Lydia E. Pinkham's Vegetable Compound and it helped me greatly. Then during the Change of Life I used the same remedy. I am seventy years old now and am able to do my own housework and walk one mile to church every Sunday morning and evening. I am recommending the Vegetable Compound to my friends having the same troubles as I had. Your remedy is the best on earth. I cannot find words to express my gratitude for it." Mrs. Susan C. Staples, 157 B School St, Taunton, Mass.

Philadelphia, Pa. " I want to let you

know what good Lydia E. Pinkham's Vegetable Compound has done me. I had organic troubles and am going through the Change of Life. I was taken with a pain in my side and a bad headache. I could not lie down, could not eat or sleep. 1 suffered something terrible and the doctor's medicine did me no good at all my pains got worse instead of better. I began taking the Vegetable Compound and felt a chango from the first. Now I feel fine and advise anyone going through the Chango of Life to try it, for it cured me after I had given up all hopes of getting better I will tell any one who writes to me tin good it has done me." Mrs. Margake

Danz, 743 JST. 25th St., Philadelphia, P

Women of Middle Age Should Depend Upon

(Swart

LYDIA C.PINKHAM MEDICINE CO.. LYNN. MASS.

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One Cup of "Bona invites another

The appetizing aroma and delicious flavor of Bona Coffee has an appeal that few can resist. It createa a cheerful atmosphere, and friendly feeling that augurs well for the success of your dinner. Bona Coffee

is the looked for beverage in hundreds of happy homes. It is the right hand aid of housewives everywhere who are noted for their hospitality. There's a pound of this wonderful coffee awaiting you today on your grocer's shelf. Ask him for it today.

O. W. Pierce Co. Coffee Roattert Lafayette, Ind.

I I

Save Your

TEETH

illfe

Your good looks depend on them. We make use of every modern method devised that is valuable. Filling of all kinds, cappings and crowns, partial or full sets.

We Do Everything in Dental Work

Estimates on work free of charge.

New York Dental Parlors COR. 8TH & MAIN ST. UNION NATIONAL BANK BL.DG. Take elevator at rear of bank, So. 8th St. entrance, or stairway on Main St. between B. & B. Shoe Store and Kennedy Clothing Co. OPEN EVENINGS

Add to Your Earnings by Saving

You can add 3 to your earnings by starting a savings account at this bank. Your money saved will earn 3 for you. Start to save today and add to your earnings. A dollar saved is a dollar more toward independence don't wait till tomorrow start to save today.

i Second National Bank i