South Bend News-Times, Volume 39, Number 155, South Bend, St. Joseph County, 4 June 1922 — Page 6
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THE SOUTH BEND NEWS-TIMES SUNDAY. JUNE 4. 1922
SOUTH BEND NEWS-TIMES Morntnc Evening Sunday J. 11. STEriir.N'N. rutliiter. Associated Press United Press International News Service T. TTn eTr1ctr,!T entitled to th w fr FhonH Main StwvSioi tlOS. (nnnrh l'.srhanc) t r. r. m s or ?r"iisc n i pti o :t.
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JUNE 4, 1922
THE HAPPY FLECTION. .Th" H-.o I Will ei'-rfion i over. The young lady vl.o will carry the m" fron South P.end to j,. rf ar. despondent ri'lntj f the devnsto.v 1 1i'ri't 5f France his lr. named. The fr; ndly rivalry amnt: tho- who were can 1!t,v, H. ha r exulted In .1 magi.srircnt gift to this rau. ". This .as an Urt!nn without rar. cor. without hltlPrrp t ar.d without tho.sr. jf-nloui' which -are found ir. the ordinary political ror.tf.-t. Vor itn purr ose vi r'-t p'rsnral rain hut th thouzht that in this there fo'ill he r.n I-rs. .-s Mfh had contributed h"r fh.-r" to !T!rc:nr a littl- more happiness into the world and in wiping away Just a littl- nf it? traccly. Th" fund raised jn this city are to be devoted to th di.'triu on which Amri i. nn rmths shd their hl'-od in the r.r.i of liberty. It surfar-e 1 now torn hy sh-il. The littWcottaerfi which were onrf th homr of happy pa.vinU atc por.. It i? 'iark with memory and larkr-r III with th.it hopl.-f'nr v.hirh rrniPt rome to thovo vho ?fp thir aM Utroypd ard thIr hold on 1 If o Aa a ro?u!t of th! rlr.tion th-rp will hp smil5 on thp f.icps of b.tl-s whfro there is now the pullen dvpair South P.ond will follow thii dfhsatp with thir m3!;ffl of Clood Will to tho who horp po much r.f th burden of a common war for democracy. Perr-ap t hl v'.;!t of thso jrirla and wotnn from American cities will f r.'-e more ltht the flames of faith that once burned 05 beacons of the friendship between -!ster republics, r friendship that haß been lamentably weakened by the action.' of governments which do not. in their cold acts, represent that bond which has existed for so many years. It is a matter of pride that The News-Times has actfd r the medium for this election. It is glad to congratulate each and every can lidate in this election. Klatl that it h.a.- arou.-ed o intense an interest. pLid that it hdpftl in this nation-wide movement to pive tangible exires?ion to the real frentlment of America towards those for whom th-re will always bo frl.-nl?hlp and -ympathy. rolltical electionn are often unimportant. The men and women elected have their day and pas their power to others. The result of thi.s election is written into the eternal hLstory of friendship by the rmiles. the enthusiasm, the Florious spirit of service which prompted and inspired it. o HAVE YOU CHANGED? You meet an old friend possibly on a trip back to the old home town -and find that he has "changed tremendously." Time has gotten in lit work. His face has erjanped Ktrikinriy. though you still miht be able to pick him out in a strange crowd. lint the char.tre that imprc?e.- you most is in hi3 manner, his temperament, hits character, his philo?(rhy. Thus the town drunkard may have become pious. The man who in the old day? was the life of the pnrty now is quiet and reflective. The bright schoolboy haa matured into a mediocrity. The dunce has evolved into success. How do you explain all this? Some philosopher hf s F.iid that nothirp is eternal except change. In physiology, you were taucht that the human Fkin changes entirely every seven yearf that a new skin is formed in that period, a old cells die and are replaced by new ones. Th'-re 1 an even more startlins? chance In the real beim:, the inner self character, temperament, spiritual nature and rhiloeophy or intellect. You back to former friends, pastimes and .environments and are disillusioned. The old-time clamour bs cone. You ponder. "Things thit used to appeal t nie l ore me riow." If you follow up this line of re usonir.c. you come to the rather uncanny decision that you are an rr:Jire".y different bein.c from what you were years r. fro. IVrtur.ate for u. that we have this constant char-re. It is what enables coo.i to overcome evil. It leads fulure into tsuci"-.-.-'. It permits us to develop our strength to i.veroome ('bstacles. The ro?ib'.litU? of the human beinc are unlimited. The inner self is as plistic as putty, forever chancing. I'.ut there is no such thirr as standing still. livery Instant, we are either r rocre?sir. f,r deteriorating physically, mentally ai d spiritually. Human nature DOT'S cl.ar.ge.
ULOW TO EGOTISM.
One step too far has science gone when it attempts to reduce all personality to the matter of Tt.y5t'r!rti5 gland. Dr. Iou'.s Kerrnan, of Columbia university, has published his theory In a new rook and tries to back It up with fxict-s taken from studies in his libcrate ries. Tr.der h!? theory the per.iu of Napoleon depended upon no power cf mind, r.o dauntless amMtion, no supreme courage. It i-imply happer.rd that in his hour cf triumph one cf tho? mysterious glands was acting tetter than the ethers and placed him in hiI coition cf emperor. Under that thfory the great heart cf Florence Nlhtlr-g with her vrcnderful work of aid for humanity wtls clues to no fpreial kindliness of ?oul. All a ftlard. and rcthlng more. irirollits who t.k pride !n their accomplishment can do 0 no mere. Tl-.ose who point to their Achievements bj thir monument? will b barred heranr. All th.at they can claim is that a mysterious, unknown caure tent certain influences into certain rr.ytte rictus plancls cf threat or che?t an! made them what they are. To lhoee who wish to take thLs most materialistic view cf life or who may de-:re to have their egotism punctured, this summary of his theory is Illuminating. "That the lifo of every individual, in even ftage, Ls dominated largely ty hlj glancLs of Internal secretion. Tht i?, they, B a complex internal messenger ivt.d dlrectcr 5Ttem. centre! organ and function conduct and character. That cne cr several cf the glands pcs5es?r? a controlling cr uper!cr influence above that of the
bcomA the central gland of his life. Its dominant one In lt every day existence and incidents, an well in Its climaxes and emergencies. "That these glandulär prrPon-raT,cf are at the basis of personality, creating gep.iu and dullard, weakling and giant, cavalier and Puritan." So there you are. The doctor suggests that knowing cause, i will be possible for men to direct the actions' of the grinds fo that all may be supermen and superior women. It is a wonderful theory, but until some geniu3 really ü produced in this manner, it may be better to rely upon the ancient and well tried principles of life which have produced fucce?s, happinei3 and achievement.
REAL DISARMAMENT. The American Bar association Is considering the urging of a national law preventing the manufacture of any firearms except by and under the supervision of the United State.-? government The reason for this action is the widespread prevalence of the ue of revolvers by gunmen,' thugs and other criminal. The police of the larger cities are seemingly helpless before the array of criminal talent that has bn turned loos. The? lawyer. find that the processes of the courts are not a complete remedy for crime. They know that the slowness with which prosecution acts, the many technicalities which their own members throw between the offender and justice, the many loopholes invented by the legal mind for the protection of the guilty, has driven fear away from the mind of men who are intent upon crime. It is significant that the appeal for disarmament of the criminal comes from a profession which from the time the first criminal law was made, has claimed to believe that the courts and the police were ample protection for private and individual rights. It is more than significant that the.e legal minds turn inevitably to the implement of crime rather than the thine::; which make criminals out of normal, decent human beings. If they are right in regard to the individual criminal, then there is hope that the world will some day repress those national marauders which from time to time appear and upset the even tenor of life for peace loving nations. "War makers among nations are the criminal nations of the world. They look out upon the world, see some advantage to be gained by killing, some province to be mastered, some new territory to be annexed, some trade advantage to be gained ar.d then turn loose their implements of force and fear. They correspond In action to the gunman who res something he wants but does not own and who takes his gun to go anel get It. The thug, ruthless and unmindful of the ri?hta of others, uses his revolver to take the property of others. Nations, which provoke war, first arm themsolves. It might be recalled that three years ago there was proposed an International disarmament of nations through the league proposed by Mr. "Wilson. That league was designed to do for tht outlaw nations exactly what these lawyers propose to do for the individual outlaw. That league was drawn in the hope that taking Siway the guns by which the criminally-minded nation might go out to fora.ee in the fields of others would forever end their criminality. The underlying principle on which it was based was the same in theory as that which is behind this suggestion of the legal fraternity. It proposed to make criminal war impossible by removing the implements of war. Just as it is now proposed to curb the criminal tendencies of man by making it impressible for the thug and the thief to overpower his victims with force. The Four Tower treaty ha.s a little of this in spirit. The disarmament treaties had more of it in practice. Some day the world may come bacK to that document which was drafted at Versailles and rejected at Washington.
crrrrrT - - a t- . : . . . . . lUTACOMA TRIES TO COME HACK. (Kansas City Star.) Patagonia now wants to know tearfully if the world would be interested in the fossil of a 4 0-foot crocodile. As a substitute for a live plesiosaurus of the Mesozoric age, no. It's too much of a comedown. Wo could have used a plesiosaurus a live onf. and were ready arid willing to give the search for that monster our fullest support, but the way I'ataironia took us in with that lizard opened a gulf between us that cannot be bridged even with a 4 0foot crocodile. If Patagonia had the crocodile in hand we might talk to her, even after the way we've been treated. Isut even now Patagonia doesn't come clean. She doesn't act to our mind like a party who really hid crocodile in actual possession. She says this animal is of the secondary era and is virtually intact. Virtually, eh? If w remember, she virtually had that plesiosaurus. Then he says this fossil, or virtual fossil, was. or is. or ought to be, buried in red cretaceous sandstone in the valley of the Rio Negro. It's too indefinite. Itio Negro is too far away. Tied cretaceous sandstone Is too hard to dig in. And the crocodile's dead anyway, we understand. Pat.igT.ia will have to excuse us if her crocodile b aves us cold. Kven if our faith in that country hadn't been shaken, there are too many other bids for our emotion. Mr. Dempsey came home from Tlnglard the other day wearing a monocle. Lloyd George is petting ready to tell the house of oommovs the Genoa conference wa a success, rr.d rotne people think he'll make em believe it. Virtually, that is. Right here in Missouri a congressman is voluntarily retiring from office. California admits that in spite of her blizzards last winter she still has 13 million boxes of punkist left. The world is full of wonders. "What can Patagonia expect to do with a crocodile merely virtually intact i.nd only speculativly of the secondary era? Offered as a substitute, too. for a plesiosaurus that proved to be not even virtually existent. We respect Patagonia's feelings, but we have our own. too. As Sen. "Watson of Georgia said to Sen. Phi ps. one word more out of Patagonia and we'll be tempted to knock her for a goal. c "WHAT 1 1 Hit. (Cincinnati Post.) Spring fishermen report that the weather, 200 miles north of Toronto, is scorchingly hot, as warm as it usually is in August. 9 0 In the shade being common. Ojibway Indians say. "Hottest for the season in many years." Cities where the "reason is backward." may have a vera hot summer in store though it may be late in coming. The weather seems to have gotten lost in the north woods. The weather man can prove on paper that seasons are not changing, climate growing milder, but old settlers scoff.
:er in the pUjioIcry cf the Individuality and
so
IT. (Cleveland Press.) Kr?.??:n says that Russia, if she can get & financial grubstake, in two years will overcome famine and :n fie years be back es a big factor in the export prain trade. That will make the wheat growers of our middle west prick up their car. The city man may yawn at the news, but it Is equally important to him. ICs prosperity depends i-n the farmer's, and that in turn depends on keeping as Ug an export grain trade as penible.
Short Furrows By Kin Hubbard
Th' world's full o' people pioddin' along in trades an professions that they Jest drifted Into by chance positions an' Jobs an professions unBuited f ther temperments an' talents an natural inclinations. Too many young nun, an' women, too. never think nothln' about what ther life work Is goln t be until they have t go t work, an' then they take whatever they kin git. A tine strappin' bo may start out In th' mornin ' look fer work an end up behind th counter of a soft drink parlor, while a tall, delicate chap may find himself signed up V some foundry before th noon whistle blows. A boy Jest out o college is liable t' feel that his folks have done enough fer him an' decide t' seek employment, an he's Jest as likely t' end up on a dressed poultry truck as he is a carpet sweeper solicitor. O' course, lots o' boys figure out what thef d like f be or doj but often they haw t go t' work at whatever they kin git till what they're lookln' fer comes along. In thousan's o' cases ther hopes are shattered an they continue t plug along halfheartedly until they finally become reconciled square plugs in round holes. Some fellers ' 1 work at anything 'till they kin git dressed up, an after they're dressed up ther's no tellin where they'll drift. Son.e fellers hang paper t' earn ther way thro' college, an' after they git thro' they don't want t' do anything. Occasionally one may revert f hangin' paper acin fer purely economic reasons. We all know lots o' clerks, but we only know two or three good ones. Out of our great annual crop o' lawyers only three or four ever become eminent. Sometimes a very excellent lawyer '11 be a miserable cornet
player, yet he'll prefer th' cornet t practicin' law. Out of all our doctors only a handful 'II become celebrated but that's true of all professions. Some wives po clear thro life without bein' heard of. while others branch out an' become famous. Many girls prepare 'emselves fer a brilliant career an marry a dub an' are lost t' th' world. Sometimes a carpenter with ytars of experience '11 be known only as a phenomenal hhixophone player. Not infrequently th most commonplace real estate agent Ml distinguish himself in amateur the-atricals. Quite often some layman, an obscure consumer. '11 write a communication t' a newspaper that shows uncommon literary ability. Sometimes even a floorwalker ll show th' greatest aptitude fer a variety o' better things. An how often do we meet people, nonproducers, folks who are not contribute anything t society, who possess th' most astoundin' fund o infermation on all subjects. An how often do we meet people in great positions o' trust who don't know anything, an so it goes. Th first thing we alius ask a successful feller is how he did it. what system he used, how'd he stumble ont' it. how he happened t' hit it. Lots o misfits n;ake,money that would sti;ve C death in some concenial employment. All th' successful people we've ever met expect t' eventually git int' soraethin' they like. We find many a fine bass singer harberin', ratural comedians clerkin', horn orators loafln', expert pool players burglin", gifted farmers in town, irspired writers plowln', an' think o' th' hundreds, yes thousan's, o' people who know exactly how t' conduct a newspaper that have drifted Inf other walks of life.
on current business movements. In this service absolute accuracy and timeliness are th watchwords. The plan of the commerce department is to help business avoid the evils of over-ejpa nsion or underdevelopment of enterprises by making available to business figures so complete that they -ill definitely show the economic trend. The commerce department ha begun the tabulation each month ot statistics of more than 500 Industrial and commercial movements, in It5 surveys of current business conditions. The subjects covered include textiles, metals, papers, fuels, rubber.
automobile, glass, hide, leather, chemicals. building cortr'iction. building materials, food products, tobacco, transportation, foreign exchange. Insurance labor, banking and finance and trade of fore! en countries. One-th'.rd of the Information now made available by the government comes from trade associations. A large proportion of the associations have taken a broad view of the purpose of the commerce department and are supplying information that ther previously regarded es confidential.
U. S. HOLDS BACK Oil WORK OF RESTORING STANDARD OF GOLD
First Joyous Easter in History of Soviet Is Celebrated in '22
Moscow Laid Aside Its Mourning for One Week and Welcomed the Rising Christ Ankle-High Stockings and Short Skirts Outdo Gay Broadway and Paree.
MOSCOW (Ry Mail). Caster. 1922, will go down in the personal history of the Russian Revolution, particularly in the memories of feminine Moscow- as "new clothes Easter." For the first time since th great upheaval, Moscow was able to have a real Easter fashions parade, with real new gowns so new that their newness seemed fairly to radiate its message that the long years of isolation from the rest of the world were now ended and a new era of hope upon Russia. This was the firt time since the war that new dresses have been seen in number on the streets of Moscow. The dresses were simple and there was little of the old grandeur of finery and jewels. Rut even gingham can bo pretty when new and fresh and the brightness of the colors brilliant reel, blue, and here anil there whito made up for the lack of necklaces and diamonds. While the belfries'of Moscow's sixteen hundred churches clanged out an Easter chorus, Moscow's entire
population, so it seemed, turned out!
on tli.. big boulevards, enlivening the!
long promenade from the Nikitskaya Gates to the ancient monastary at Tverskaya once more with color and happiness. It was a distinct turning point in the city's morale from gray discouragment to hope and color. I'ormor Maids in Ixvul. This tl..M however, it was the princesses and countesses' who stood ejuietly in the sider'aths. In sober prewar garments, looking enviously at the new dresses of the shop girls, some of whom may have been their former maids. Here and there a former olficer in drab trench overcoat (many still wear their old uniforms, they have nothing else to wear) ftood reflectively watching, his walking stick the only relic of his former glory, while Red army officers, in their
flaming crimson trousers, high shiny I
boots with clinking spurs, red caps and snappy green or blue coats.
strode by, drawing the eyes of the!
bright-fhawled peasant girls on the benches. For it was fashions day for the
Red army, as well as the shop girls, i
And they came out en masse in their new piece uniform of bril iant hues Nor was the parade devoid of novelties in feminine styles. Among the latter were: Cute little ankle-high stockings, reaching from the tops of the peakaboo Oxfords to just above the ankle leaving the calf bare. "When the wearer had no Oxfords, then high shoes and no stockings at all. Thus combining daring and economy. The short skirt. While Miss Paris and New York were dazzling the boulevards and Rroadway with shining silk hosiery. Miss Moscow was obliged by circumstances to go on wearing her prewar rklrts. But she was not to be cheated out of her rights, even if Pari3 and New York had long since grown f-ensation weary. The short fsklrt did not ccme to Moscow timidly and by degrees however. With one slash Miss Moscow lifted her hems from just above the ankles to well up to the knees. Local dressmakers, consequently,
do not think the short skirt will be long lived or extremely prevalent. The change was too abrupt. Easter week, the traditional climax of Russia's national religious, emotional and artistic life, wis the greatest Easter this year Russia has had since the Revolution. To Russia, Easter means all that Christmas, New Years, and perhaps tho Fourth of July combine! mean to America. It is the supreme of Russia holidaya and feastdays. Never were such preparations. For weeks, family after family had been laying aside tiny portions of their tmall day's fare to have enough Hour for Easter Kurich, a kind of cake. Children and grownups alike had been hoarding nuts, fruit preserved and spices for the I'askha, Russia's national Easter cheesecake. Money that should have gone for meat was treasured away tc buy a iirst bottle of wine. While Moscow's bolls rang almost continuously for seven days I might almost say seven nights kept ringing by volunteer corps of church members who took turns in the belfries. Moscow's Revoiut io:i-w e-ary population tried for brief space of a week (the Easter holidays last throughout the entire week after Easter in Russia) to forget the hungers and cares of the last live yea rs. Cafe and cabarets remained open the greater part of the niht and paper roubles went by the nundreds of millions. For Moscow's newaristocracy of wealth tho newly rich, the speculators, have almost as much money in comparison as the former aristocracy of wealth and birth had in comparison with the "common people" of those days. 000 With Candles. Nor waa the religious beauty of the festival neglected. Six thousand persons, each with a flickering candle in his hand, stood with bared heads on the hill before the steps of the Cathedral of Our Saviour Easter midnight, as the Patriarch, his long golden ro"be and his bejewelled headpiece sparkling as it caught an occasional beam of light, solemnly led the Holy Processional around the Cathedral. Thirty nuns In their white cap white shawls and black gowns, and twenty priests, their long hair and beards concealing their massive shoulders, followed carrying golden icons, rhythmically chantinr, the mystic Oriental at intervals r.f tho Orthodox Easter ritual. Inside, another six thousand were packed as tightly a a City Hall subway at 6 p. m. in New York, while a large choir from the Opera led the congregation in Easter carols. And then, shielding their candles in their hand lest the wind extinguish the flam.o and prevent them from lighting the "iampada" before the icon in their home with the fire that the Patriarch had blest, all hurried home, meanwhile converting the streets of Moscow into a little fairyland of flamelets and glows and swifrly moving figures. Last but net least of tho Joys of Easter Week Is the privilege to kiss any pretty glrl you know, after pronouncing the phrase "Christos Voskrese" (Christ is Risen). Theoretically, any one is allowed to Mop even a stranger on the street and claim a kiss on the strength of the magic words. It actually works only in the case cf acquaintances.
The Prince of Wales in Japan -A Few Echoes
Whl ,h rir.anAmeri. a rr. ' n : : o r.-ra m svrati. n w, rl 1
RY CTARnVfTl IUROSTl tUnitd Irr Stff Crrependf nt.) TOKYO. (Ry Mall.) The Far Last is supposed to have in stock at all times as: nice a little Job lot of mysteries as any part of the world affords. But the Prince of Wales hafl nS'lcd a new puzzW to the llet. The latest deep. da-k and ualathomable affair over which tht Orient Is laying awake o' nighty in worry is Who beat th.it golf game, anyhow, the Prince of Wales or Crown Prince Regent ilirohito of Japan? They played a game of golf, these two princes that's certain. They played Inside one of the great Imperial palace enclosures, with reporter barred. Officially and eliplomaticly the game was a 'tie," All
the officials said so. Rut even they don't know because they didn't'
see the game, ard therefore couldn't have scored it. So everybody out here gives a loud long laugh when the 'tie" stuff Is sprung. But meanwhile the bets are unsettled. And maybe they always will be. Just two persor.fi know what the ecore really was the princes themselves. And hey won't talk. Even their caddies don't know for two boys, of court families, who are ignorant of golf, were deliberately
selected as caddies for the occasion.;
The newspaper men, who of course, waylaid the caldie.s as soon as it was over, had Ell the Joy taken out of ife when they discovered that the caddie didn't even know the difference between a brassie and the nineteenth hole.
of the Prince cf Walg to Japan, failed- the Japanese newspaper men said to provide adequate facilities for the G3 Japanese reporters assigned to accompany Wales everywhere. These (9 reporters met and adopted resolutions that they would 'leave the Prince of Wales flat." They would write nothing else about him. Their respective newspapers and pre associations would earn nothing about the Prince, of Wales. The newspaper and press association proprietors backed up their men. nigh official" asked for conference with the 69 strikers. The olficials promised to be good, and the reporters said, that being the case, they'd write some more newv about the distinguished visitor.
Japanese newspaper reporters assigned! to cover the visit of the Prince of Wales to Japan went on a strike not long ago and won. What they struck for was "better treatment" by the officials. lhey got it. The incident, humorous in some of Its aspects, is in fact powerfully significant of the sharp and vital changes now under way in the social order in Japan. Only a few years ago newspapers and newspapermen who dared defy the government or assume a disrespectful attitude toward any higher
otriclals would have been severely j nunlshed.
i - Today a bunch of reporters tell the foreisrn ofT.ee and the imperial household department where to head In and get by with it. There Is still, of course, much distance to be covered "before newspaper freedom and power of public: opinion In Japan are at the point they have reached in America. Rut. at the present gait, that rlistance is being covered with amazing quickness. The foreign office and the imperial household department, handling the publicity end of th visit
A new kind of sport was sprune on the Prince of Wales in Japan duck hunting a la Tokugawa. In this kind of duck hunting yen don't need a gun. All you need Is a sporting costume of the latest cut and a big butterfly net You catch the ducks in a net. y'see. And oh yes! Besides new and nifty hunting togs and a butterfly net you also need a title. Otherwise you can't get In the grounds of the Ha ma detached palace here the only place In the world where ducks are flirted with in this fashion. A few hundred years ago the Tokugawa's who were the Shoguns and ran things in Japan, figured out this game of netting ducks. Great palace grounds were elabortely intersected with narrow lagoons. Tame ducks were taught to decoy wild ducks into these winding waterways. The hunters, carrying long-handled nets, were concealed behind mounds on the banks. When the ducks flew up each hunter tried to catch one in his net. It was a. nice game, but you needed a palace, a small army of attendants and unlimited time to enter into it. So It never became popular outside the court families. It has languished there. ?ven. In recent years, although one of the great palace grounds is still kept in shape for the sport whenever a princo takes a notion he wants to try it, The Prince of Wales nnd Crown Prince Regent Tllrohito took a whirl at it recently, and It was as new to Hirohito as to Wales. For, as "Young Japan' will proudly tell you, "Ilirohito goes in for new stuff."
IXHl C.KRWirMS. Your geraniums will blossom better if you pour hot coffee into the paucers of the flower pots each morning. The largest and most powerful searchlight in th world, having 1.200,000,000 candle power, has just been completed.
Stabilization Programme to he Submitted at Conference in Europe.
WASHINGTON. J 2. European center; ? th w ca! unre-t .n. 1 1. rlr. waits until so:..e r-. M V 4 . t
i jump io xr,f ; re i ithat uill me.m c :-. :: r ! of th rAM star. l.:r I i r :
America's h-t car my r p!v e 1 . at the forthcoming cor.c'. iv cf fina:;- ! clal giants, who are to ruhe- in Europe as re present a t i v of t": (world's chief banks of insu- Tl'.j Federal Rev.-rve system will be re; -'resented. It will hare rr- cf .-.j ! strongest exponents in th p.T.?n ,xt j Benjamin Stri nc. covrrr cf th Federal Res-. rve Bank at New Ycr.c.
While certain poetical qu'-ftior.s in Europe, chiefly the Rus-ian pu?.-
'z!e, still forc economic problems to Ihang Jn the balance, government l!lr..ir. 1 authorities bei leva America'shcu'i stp Into th situation abroad, i without further d- lay, and lead the : way out of financial chaos but r.ot Itbrousrh any compromise that would (involve straight-out American loans ! to impoverish' ! or improvident 'countries that refuse to help them- ; selves. I It is the f.rm opinion of the fiscal jexp.-rts of thJ government that ln- ' t--rr.atior.aI tra le upon a eafe bssi ! cannot be re---rM 'atil thi leading
nations ge t Tesro' -le- sr-i p n im uu-. nn agreed world plm that will rrean tht convertibility of currency Into go'd or the er;,i; l'cnt of gold This government expats on thlJ basis to bring about a revaluation of currency in fo.-icn. countries, with the co-operation of Greaf Britain. Japan, France ar.d o'her countries where cold is re ognized as the standard. Ilnancial ITriwtaMon. Few recognised authorities In firar.ee expect thai the broken currencies of some foreicn powers will be restored to par very spedi'y. It is expected, b.ongh. that stabilization cm be eef. eted. and a top will b.- placed on reckless prin'V.rr ot notes of constantly diminishing value. In all the parleys abroad financial visionaries have been dvmed. In their efforts to find a credit substitute for the Till standard. Korean proponents 'of tue idea have r.ban doned their th-oric. There is f--Mll much doubt what ".ill happen to the countries -vhlcb have been swept clean of their gold
'tiv war and poc-t-war operations by
rc-toration of the gold svardard within their borler.. The United States, b-ilirT chamt ion of the ire id standard, as ih-
'ru.-tod!an of one-third of the worll's l entire FUpply o the prerio'is metal.
: now JooKmg ron;:nrnuy '.pen i industrial situa'ion ahroi.. In that there is hopo that fiil rnM-1;t.or.s can he righted gradual'y. Groavt enrfidence i; a routed bv the fat that there are sirn of cer.u'n reove -v from drpres: n in a. number of Unding Europ'.m e-ourtr!. Eur Of H showing a material iirrense in r.r.v-or tn erno.-t roods. There ."IsO '.
ja growth in the phy icrl production
of good'. Retter budgetary syrte-rs also are being installed a a forerunner for charges In fial methods
One hundred and ninety-nine German submarine were during the war.
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PHONE HAIN 4300
Place Yoiir Order for
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Absolutely Pure Artificial Ice Expertly Made from Natural Artesian Water
Poor Business Judgment Causes Loss of Millions, Report Says Elimination of Waste is Big Problem Which American Business Men Must Solve, and Thus Aid in the Return of Prosperity for the American Worker.
WASHINGTON, June 3 Errors ot business Judgment were chiefly responsible for bankruptcy of 19,652 American manufacturing and traling companies in 1921. with losses ot 5627.000,000, according to the commerce department. Dry figures seem unimportant to the average mind, but to the man ot large financial or business affairs they are absolutely controlling, ls the view of American trade experts. One of the chief problems in American business today, these experts assert, is the elimination of waste or actual lesses that pile up
each year on the "wrong ide of the American ledger. This can only be done by preventing mistakes of business judgment among these responsible for commercial and Industrial decisions. The way to prevent losses In American capital, material and resources and to steer clear of bankruptcy courts Is to place American business
(on an up-to-date tat:stical footing, j The government now bis turned i its attention to the problem and is
building up a clearing house of Information at a guide to business. It aims to compile and publish figures,
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Louis
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With 27 years experience serving the housewives of South Bend, knows what it means to
jrjve you delivery service, when and where you want it. He is superintendent cf our drivers and has a fleet of motor trucks and wagons that will be ON EVERY STREET EVERY DAY. We make our own crystal clear Artificial Ice in our new, modern latest improved plant, 1616-1622 Lincoln Way West, WITH A CAPACITY OF 125 TONS PER DAY. IPS PURE, THATS SURE
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Phone Main 4300
Phone Main 4300
