South Bend News-Times, Volume 38, Number 188, South Bend, St. Joseph County, 7 July 1921 — Page 3

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THURSDAY MORNING. JULY 7. 1921 THE SOUTH BEND NEWS-TIMES 3 T TT I

im flsairoc!) nn up m

3 7

3 C3

BEGIN PROBE OF AUTO ACCIDENT

HHAZIU In?.. July f.. Cliy authentic w :- Jt Trin;.: t'1

tart an l:t n:r itin ;",!ay Into th

flccJ-lT.t r.' ir th vii:.icrt of W.'- t

;i-::ito'.n which tri--k a toil of on

STABBED SEVERAL TIMES, MAY LIVE HAIITFOHI) CITY. Ir.d.. Ju'.y r,. lürner Latour. 17. wan charrI with n-nult and battery hre today fol-lo-Air.kr a fifth! lart niht at Mont-

vith Arthur Croy,

C.rov was t

and injured .six i-ryn i i'

P-i' r hie h

1 1 r r . Croy'a Injuries are to fvrSr.us.

2. In ?evrral

said not

Mr. William Perkins of Ine,.i.T ipe i.i was klllc-j ',vh':i th- aut in which ph- u.is r:Iihir s'ru-k a c.W.? 5:r?tch'l arrs- th enJ r. f 1 ..'iVf mi nt en tho ;v Nati jn.V hi ;hviy. liormrts ivero rir ul.ite.-4l that there wan no warning .inal on th- I.irll( .'. It waa a'.o paid th lights on Qulrg'3 c.ir v.-vre not hummer, fclthouh he w a, travel in? at a hi?h t ;. 1. Th" farty va 'I rivlr. c; from Ilar-r.-'urfr. Ilk. t' Indianapolis.

SEES NO BREAK IN HEAT WAVE

WASIUN'flTOX. July C. There are no indications of a break in the hat wave inithe like rpion anel the preat central valUy and the temj.eratures will aaln rle in the north and middle Atlantic ytates Thursday, according to the forecast today of C. I. Mitchell, of the weather "buREPORT DROWNING

STORM DOES BIG

DAMAGE AT FLINT ! OF ANDERSON LAD

t. : i : Yj-.i.n. Mr. ümI Mr. Ray Folk of I'ontiac. anl Miss IyOttie

Miller of La n sin. The local prüfst

w re lr. and Mr?. McIUnzle, Mr. and Mrs. II- CutW. Miss Ceclle Jenkins and Mm. Will Klüt. The ceup left for Chicago where they will tnke the boat to Petoskey to -jpmd two weeks. They will reh.:a in Detroit. TJ.c bride had tcn Ti teacher In th hlcrh school dunn? the pat year anel had made hota of frknds who wish for her a happy and prosperous trip on the m-atrl-rconial ?ea.

VIA'ST, Mich., property darnach

Ute Tue--.! li

ra In torrn.

July C. Heavy wa cau-d h-ro

by a vioUnt sind and

fctre-r t

ar.d b i

r;-.e nt

were flooded, many tre blown down, femall buildings unreofed and wire commuication demoralized. All traffic including street car s--r-vice was at a standstill f r several hours. A heavy fall of hall accompanied tho Htorm which brok; a heat wave that cxr'-deI all r-cord h:ro for four con5"Ct:tIve days.

LEGION POST HAS LOST ITS MASCOT

INDIANAPOMS. Ir.d.. July 6. Eomewh-re in Indianapolis is an elonsattd hort Irxgrd ficrnan dot? who wa. lost in the jam of traffic

Everyday Ad- Ventures There was quite a scene at the Thompsons tho other evening when Mrs. Thompson discovered that she had lost her diamond pin, the one her husband had given her for a weddlnpr present. Mrs. Thompson probably had the harde st time of anybody, because he had both his wife and the lost pin on his hands, so to speak. Next day he s.i id that he had thought the hardest job would be to find the pin. but that really was easier than Ktttiris hi3wife calmed down. First of all. he said, he gave Mrs. Thompson a liberal application of .'smelling salts and persuaded her to "lie down for a while." Then he told her about all the people he could recall, who had lost things and had them returned. This didn't seem to bo very convincing, head mitted.

fne of the pretty home w.-ddms And then he called Main 2100. of the week was that of Mthel F. i And the next day a man with The daughter of Prof, and Mrs. J. T. j News-Times opened to the Lost and

Northon on Saturday evening at 8 o'clock tr Mr. ltoy Smollott of Detroit, Rev. Klir.g officiating. The bible was attended by her sister, Miss Agnes anil brother Harold Miss Cecilo Jenkins sang "Oh Promis-' Me" and played the wedding march from Ivoher.grin. The let-oration.' were hollyhocks and dalp.es. After concratul.itions hid been

ANni'KSOX, Ind.. July S. Word ha.s f-n received here of the drowning Sunday at Springfield. III., of CJlenn (ar:, Anderson ye-uth. who fK-rved thre. years in the navy. Tho body ha en taken to Seymour for burial.

THREE OAKS

Found ads in the classified section under his arm and Mrs. Thompson's pin in his pocket, called at the house and the sun came out a train! That evening Mr. Thompson '-aid "I- told you so," and added under hi breath, "but I didn't believ it myself: (Copyright. 1D21. by Basil L. Smith)

Stainless and rustless spoons and

are being made of chrome

here thl a ftrr.nrt. Th fg Is i

tho rroperty of Itnbert Tappan, com- offe re d, a fine wedding supper was i forks

mander of tho American Iygion post served. j steel. at Shelbyvi!l anel i the mascot for Among the out of town guests! (llvcerin was discovered in 1777 that pe?t. The dog is a war trcphy I wt re Mr. and Mr:;. Hart of Spokane, 'by Karl William Scheele, a Swedish

brought heme by Mr. Tappan.

W..sh.; Mr:; Frank Falk nn dauzh- ' chemjst.

f. Im mm Excess of Exports ficnn r titf uo.ii(MaX t x' JI ... ,..HVV -Tt! i IVi. -

rrv "s" . .3 v. . d. - .- i . - .. r -

Dy FRANCIS H. SISSON, Vice President Guaranty Trust Company of New York. TWO n;t remarkable feature of th expansion of our foreign trade Is the wid difff-rence between eipeirts and Imports. From the .outbreak of the war In 1014 to the end of lfIS ttx exrrs of our exports nvrr nr Imports reached a totl of niort thn $ll.Ol.OX).0iKK This exce-v has Tntlnueil to prow until for the whole pvrlol of the

war nnd armistice to the end of 1020 the total exces Is nearly 510.aMXCWyOilO. The question Is naturally rtLed of how foreign buyers pay for enrr jrooli. The expTXtJ from a crmntry are tn effect paid for in large part by ,the Imports, and only ju mnch of , tle utal exp-rts Is in ejtcess of Import must t llqublnted by other forms of paytnenL Such trade deficits are usually met by the siiip'EKMlt Of goUl. It was nrt destmM?, howef er. that France and Great Itrttaln ebodd pay all tlielr debts to this , country in gold. Ily the end of '1017 wo had :tf.ail,r.00 (V In pold. or about one-third f the world's total stock of gold In banks rublic treasuries nnd clrctlntlon. In fact, all the cold in tho world would hae hoen insufficient to pay for our goods which bad lnn export orl In excess of onr Imports. Payments In various InviKible

vaj-M other than In pold were the

men us-d for liquidating the prvit excess In onr merchandise export trude. American capital has N'n exported in large am-unts during the last six years for invest

ment, f r ?pculHtiin and develop

ment, f.-r d;nrity, freight, in50T acre and trawL The amour. t of the Tartar fur

efgn arr tb-witol throngh fnreftrrent bankers in the Unitetl States

lnce July. 101 4. and outstanding PeoernNT Hl. total ?ls;.71T,727. This total Is ecitlTe of $-120.-4:-v.45.S Wnd N-fore July. 1014. aod still outstanding and of loans er credits extend! and repaid within the period. .u-h as the STOO.OOO,-

KWt5H- 4LL OF THE

C0N AIO BUll ON INTe w:cl

WCXA.D NOT PAY the Excess

Ol C-APCfiTS OLö TS

OOCKS AT

OOO Anjclo-Prcnch 5 already mentioned. By the spring of 1017 the task of financing our huge export trade had taxed the rosojirrc: of our private Investment Institutions to tlielr limit, and new sources of funds had to le found If our foreign trade was to be contlmred on the ycale which the war demanded. Once In that struggle, we sent eur men and our mate

rial to Europe to win It, Rut we did mofe. Our government, appealing

to the patriotism of Its citizens.

raised hitherto unheard of sums, a

total of $2ß.500.701,6MS by August

31, 1910, and of this total loaned

more than one-fourth to our associ

ates In the war. Money advanced against credits

established by the United States Government from April 24. 1917, to

November 15, 1920, in favor of for

eign jrorernrnents to enable them to

meet commitments made In this country to connection with the prosecution of the war totals fO.580,S2n.C77.lS, of which $11 4,5-1 0,505.93 has been repaid. Precisely aa the loaning of money to the Powers with which we became associated In the prosecution

of the war was one of the first forms of aid rendered by the United States, so it was one of the last, imring the first six months of the armistice our government needed all the funds that could be raised In the home market. The excess of onr exports over onr Imports grew rapidly in this period. In order to surport the trade it was necessary for our Government to continue granting credits to other countries until private

financing could aain take up the task. We rasst, however, Include among otrr Invisible items of foreign trade

$1,400.557,111. representing English, French and Italian carrendes placed at the disposal of our Government by those coantrics for the purchase abroad of materials needed by our Army in the prosecution of the war. Therefore the total of onr Government expenditure directly rupport-

rtss txPorrs have

lng onr foreign trade from 1917 to 1920 reaches about $11,000,000,000. On the credit side of the balance should be added Items of payment covering interest and dividends upon American capital in use in other countries, bankers profits, freighta and lnsnred loses paid. The total of these and other payments will ialse somewhat our debit balance of $5.009.954,401, which must be met by Invisible items of unknown total amounts. On the debit side we must place the various forma of American capital transferred to other countries. The principal item of American capital sent overseas during tb war was for the purpose of repurchasing the securities of American companies in vhlch Investments had been made by 'European capitalists before 1914. According to the most reliable estimates, approximately $2,000,000,000 of such securities had been repurchased by America before our entrance into the war. It cecms reasonable tc suppose that not far from $3,000,000,000 of American securities had been repurchased up to the end of

1920. This repurchase resulted in reducing our capital Indebtedness abroad by more than fifty per centCharges for Interest and dividends on American securities remaining in the possession of foreign holders form another invisible item of the balance. In the same class are charges for insurance premiums, for freights, and for traveling expenses of American tourists abroad. American funds hare also been

tent abroad for the purpose of purchasing depreciated foreign currency roods, bank notes and exchange. The remittances of immigrants and of our relief organizations form another invisible item of no small amount. American capital, attracted by the hope cf profits in the comparatively undeveloped parts of the earth. Is the last Invisible item of considerable Importance.

McHENRY

Voice Culture

Opens New Studio, 2nd Floor Front, 230 W. Washington Ave., Thursday, July 10th. SUMMER SCHEDULE: MONDAYS, THURSDAYS AND FRIDAYS (Other days by appointment) Until new Telephone number is ascertained please call personally or write.

Cpltl WO. 000.0.

TERMS

made to suit your present diy Income. Payments mall und du monthly, Quarterly, or aa aulta your raj day. Lowest laterett rate. An old rell.iMe company witli a record of sixteen years f eat(factory errlce. Mala 1713. State Loan Co. EaUMlthed 1903 Milte 3. Merchant Ilank Bldr. 31 8. Michigan Open S to C:l0

All Summer HATS (values to $25) Being cleared at $3.95 to 10.00

KOBERl

ÖMPAM

Store Opens 8:30 Closes 5:30

Saturday Open Till 9:30

I'ront and Back l-cc CORSKTS Roval WortrMfT American Lady Mendcrcon Bein Cleared at $2.50

Thursday Will

e a

Big Day

P A TOPF

in Our

(TZ A TT TT (fl

h , mi J.

mum yL 4WEn4 (Elk rmt I IftyMTrSJ &m$m Hinte 0 mV a IB W ft ml1 lli'W H i i1

bkiTis

1 50 Delightful New Frocks Have Just Been Received These Summer Dresses are here in a splendid variety of styles and patterns. Some models are Gingham in handsome checks and plaids with pretty Organdie trimming. Others are of dark Voiles with dainty Organdie collars and cuffs. All are most noteworthy values at $5.00, $7.50, $8.95 and $10.00 These low prices warrant your purchasing two or three Dresses for wear during this extreme heat.

July Clearance of Summer Coats Every coat in our stock has been reduced for this sale. Some coats are now offered at less than half price. Your choice includes many styles, colors, materials and trimmings, and the sale prices are only $5.00 to $35.00.

Thursday in Our Men's Store Comfortable Soft Collars for the hot weather at a special price 20c each. Cool Athletic Union Suits 69c. Good Hosiery 25c a pair, or 3 pairs for $1.00. Initial buckle Belts of the noted Hickok make. All sizes 50c to $1.00.

Clearance of All Household Frunishings Furniture Draperies Rugs All low priced for this month's Big Sales. The opportunities during July in these three departments enable you to furnish your new home or replenish your old at a surprisingly low cost. A visit to our third floor will prove to you that there is a big saving here in House Furnishings.

f y: "V

July Clearance of Summer Silk Skirts A fortunate purchase of 1 00 beautiful Summer Silk Skirts just arrived from our buyers in New York. Silk Skirts at $6.95 and $1 0.95 Th ese are the greatest values we have been able to offer this season. Baronet Satin in white at $6.95. Great variety of other silks in white at $1 0.95. Wash Skirts at $3.00, $3.50, $5.50 and $6.50 These are all Wash Skirts and include such variety, space won't permit description. You'll wish if you buy one that you had bought more as every skirt is worth double and more.

Georgette Waists

Particularly Desirable Summer Dress Goods At Prices You Have Been Wanting Wash Goods Dimities, stripes nd checks, special 25c. Flaxons, stripes and checks, extra fine quality, special 39c. Plain White Voile, 40 inch, Rood quality, 39c and 29c. Fancy Printed Voiles, 35c, 50c, 75c and $1.00. 36-inch Silk and Cotton Voiles, stripes and floral patterns; $1.25 values for 98c. 36-inch White Mercerized Poplin, 59c grade at 50c. Fancy White Skirtings, 36 inches wide. Special values at 75c and 50c. Fancy Plisse Crepe, pleasing variety of patterns, 29c and 39c. 32- inch Dotted Swiss, lig;ht ground with colored dots; $1.25 and $1.47 values at $1.00 a yard. Flowered Organdies, fin; sheer quality; up to $1.85 per yard, $1.00. Plain White Oxford Shirtings, very special at 35c. Madras stripe and figured Shirtings, up to 89c per yard, at 39c. FI owered Jap Crepe for Kimonos, special 19c per yard. 36-inch Domestic Pongee in colors, 50c per yard. Colored Beach Cloth. 25c. 35c, 45c per yard. 33- inch Black Soisette, 59c quality, at 45c per yard. 36-inch Figured Silk Mull, handsome pattern. 59c per yard. Kiddie Cloth, 32 inches wide, in plain colors and stripes, at 39c. Silks 36-inch Silk and Cotton Foulards, suitable for dresses, kimonos and linings, $1.00 quality at 75c. Chiffon Faille, 36 inches wide, in a complete color range, at 89c. 36 -inch All Silk Sport Silk, desirable for kimonos, linings and drapes, only 59c. Faille Lustre, heavy quality; rose, copen, navy, brown, black and white, $1.19. 32 and 36-inch striped Silk Shirting, special value at $1.25 and $1.50. Wash Satins, 36-inch, flesh, blue and white, $1.25. 40-inch Silk Georgette Crepe, flesh, pink, white, yellow, copen and navy. $1.39. All Silk Foulards, 36 inches wide, good heavy quality; $1.95 grade at $1.69. 36-inch Gingham Check Taffeta, chiffon finish, $2.50 value at $1.98. Very heavy 36-inch Black Satin Duchess Satin, suitable for coats, suits and skirts, $5.50 quality at $3.98. 40-inch White Satin Stripe, washable satin, suitable for separate skirts or entire dresses; $4.50 value at $2.98. Silk Canton Crepe, 40-inch, heavy quality, in sand and grey, $3.50. Mole Skin Crepe. 40 inches wide, in sand color only; $5.95 quality, at $4.95. 40-inch Charmeuse Taupe only, $2.95 grade at $1.98.

$4.95 These splendid values have just come in. They are tucked and overblouse styles. One particularly attractive model lias a net frill trimmed in lace. The assortment includes waists in White, Flesh and Bisque.

Cool Muslin Gowns 500 of Them at 89c Each

---) . i f "

i ' i r r 1

This rare purchase brings you Nightgowns that arc perfect in every way and cut full from fine grade muslin. They have hernstitch, smocking, embroidery and lace trimming and may be had in white or flch. See our windows. You will agree with us that tin's is probably the best bargain in gowns that you have ever seen.

For Thursday Only The Greatest Soap Offer for 3 Years Vl pour.d bars of Violet, Roe, Glycerine, Buttermilk and Cocoa and Almond Soap 9c a bar, or $1.00 a dozen bars. Auditorium Bath. Soap 15c a bar, or $1.33 a dozen. Jcrgen's Bath Tablets (assorted odors) 1 0c a bar, or 3 bars for 25c. jap Rose Soap 1 0c a bar, or 1 0 bars for 75c.

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