l g
l
'r
WAY, mom 4, ”3.1
Current:
readjustments that are necessary,
J
Business ‘ C
st, omen n: mosses-rs
(Fromm loath}! better if“ by M’Wmm'oi New ¥wk4§orm9
““I‘
o e diti on s
GBS‘ERVERS_ of busing?” are .
'a most unannnous in - ins. ~ ~ . » : , , ' . ' ~ .
surmoes'that-t’hcre isa"‘be‘tter f The {My table, compiled by the Federal Reserve Bank of p _ . _ _ > _ 1 1.
reeling" about “business. ' . - New York Mammal: in percentage figures of}!!! 97°“:- .- . .
)ust molly what this running .sfion‘hthhmfi MW eonmodmerdurmgfthe first 'f . , A , 2., . . . ‘ .fi _ . . . . 5
mm”... .... .1......,... , < , m‘ > ea , - eece own «
It might be descriptive of any of a > . ‘ ' , . > ' _
Ml! psychological changes that , (Normal Production—100) . . . t
could elite; into 1;": mucugnhalt : ' 3.11. Feb. ”or. Apr-fl MI! :3 ~ , . .
i' “a“ ‘ “PM" “0““ "° 4 ' — 7' 915 'Im - 93.4 95.2' m. ‘ 1 : V ‘ . * ' . ,
“”9““ ‘° mm; "he “use" “m I Amiga“ C?) a?“ 1was cm ‘573 * 154:0 67.3 e53 .» A ETY ‘ y, - ' '
have thrown industry out of bal- B'mm 1 """ , 5’1 441. 33‘: .33., (30’ ~
ance, and .to appreciate the things Pig Iron production........ 10.0 . . _ _.
that must be corrected before con— Steel in!!! Wm“..... >513 . #83 40.0 30.9 31.9 26.5 _ , ‘
dill“! com‘: “1‘30 equiliggumammv . Tin deliveries ..... ‘30.: “30:7 : «32.5 303 23.7 303 Q ~. 3
then we s on say t _e re- . .. ~ .. .... . _ ‘2 3 _ - , 7: _ ' ‘ ‘x, i
ported “better feeling” constituted . reels-tent Won” . 752;: :2; :1 6;; 60237,] :2; iv
an Important advance toward nor- , Cotton coneump o . . , . , . L... ‘ =.
malcy. If. how-sever. the better Wool consutfipfton 55.4 57.1 87.8 ~ 93.: 1053 106.6 'x‘.
feeling” film“ simply mafia}; Sugar melting; 53.6 77.9 130.9 93:9 cos 99.2 \1
an en: 5m! mg a
morcnpatic’ntly, rather than setting ‘ Wheat flour milled . . . . . .. . .795 80.0 107.9 113.7 - 104.6 116.1 1* «7.
themselves seriously to the task of ‘ Meat slaughtered . . . . . .. . . 38.2 92.2 91.9 _ 101.1 - 9619 10220 i
wageand price reductions and other . , I. . .: l
r?
then .we fear that it signifies but
little.
There is fresh evidence constantly
that the rcadjustments are taking
place. They are slow, but it takes
time for a knowledge of conditions
to reach all classes and divisions of
the population, and for them to
make up their minds to give the
cooperation that is necessary to
bring industry back into 'balance.
Meanwhile, it will aid in the cultiva-
tion of patience to realize that con-
ditions are by no'means so bad as
they might be. andgthat considering
all the circumstances‘the‘volume of
business is really surprisingly large.
The fundamental difiiculty upon
which a revival of business waits is
still the inequality of values as be;
tween the various classes of goods
and services. The normal basis 'of
trude'between people in different
industries has been disturbed. and
it is only by the pressure of .painful
experience that the old relations are
restored.
The producers of cotton, corn and
oats, wool, hides. sugar and food-
stuffs generally are getting no more
for their labor than before the war.
Among the principal items of ex-
pense to them is clothing. They
produce the raw material for it. but
under the modern system of indus~
try sell it and buy it back in the
form of garments. paying the trans-
portation charges, mill-workers.
garment-workers and all middle
men by supplying food and raw
materials to everybody.
All of the people who have a part
in the conversion of wool. cotton
and hides for the farmers' use are
still getting 100 per cent or better
ahove pre-war wages, but naturally
they are not all at work. for the
”is out of balance.
evident reason that the farmer can-
not buy as -many clothes at the
present prices as when his own
compensation was on a par With
the compensation of these people
with whom he is trading services.
A similar problem faces‘lhe'wage~
earners in all the industries. The
wage-workers in agriculture have
the situation before their eyes, and
have yielded to it ”promptly. The
wages of farm hands have dropped
approximately one—half. ‘Fnrmlhands
were close enough to the situation
to see that it was that or nothing.
The factory workers. railroad em-
ployes and town workers generally
are many of them working'for the
farmers and will have’to "face'flhe
same situation. Unemployment ex-
ists on a large scale because goods
cannot be sold. and they cannot be
sold bécausc .the industrial situation
Recovery will
come as the balance is restored and
cannot come othefivise.
it is greatly to the credit of the
wage-earners as a class that 'the
process of readjustment has pro-
ceeded with as little friction as has
been the case thus far. Generally
there has been willingness to make
concessions. It is not advisable that
the movement should be unduly
pressed. It is better to take more
time. although delay means that the
losses are greater. for the wage-
carners are entitled to know why
lower wages are necessary. They
are interested in having the neces-
sary readjustments made in order
that industry may be on a basis that
will allord steady and full em-
ployment.
Wage reductions will have to go
much further in the manufacturing
expense of *profits and dividends.
but they have reached a point 'where
further price reductions are depend-
xan unlair level above farm products.
tained ‘for every group of workers
industries and in transportation be-
fore this situation is reached. It
has been contended, and with much
force. that living costs should lead
rather than follow, wage reductions.
and they. have ‘led at the expense of
the earnings of farmers and at the
cut upon wage reductions. These
reductions. however, will not -menn
'a loss of purchasing power .to wage-
earners. for 'the very reason that
wages are now the principle factor
-in prices. and 1hr.- cost of_living.
generally speaking, will "decline-
accordingly.
On the other hand if further re-
ductions are not made it the in.
dustries lindicated..living costs are
likely to rise. Already the farmers
are organizing for the purpose of
curtailino the production of agri-
cultural products. The cotton crop
‘this year will he 25 'per cent below
the average amount required under
normal conditions to meet the de-
mand. Plans are being developed
to curtail the production of food-
stufis. These policies are justified
by the combinations of wagedearners
and others to maintain wages and
the prices of town-marlC‘pl'oducts at
The 'whole‘ system of restriction is
wrong;’ and in the end defeats the
purpose in view of bettering living
conditions for those who practice it.
When everybody practices it the
result is poorer living conditions for
all. The best results will be ob-
by a fair attitude toward others.
and by a common policy to promote
the general good.
98 WAfiIINGTON STREET
._____———————~‘——
AGAINST SOIDED BANK NUI‘ES.
HAVANA. Cuba, Aug. d.—-"Fllthy
lucre," actually it not metaphorically.
will disappear from Cuba if those Who
have been filling the "var: papun" col-
umns ot‘ the papers
against soiled bank notes take advan-
tage of the government's offer to ex-
change bright new nickel and silver
places for United States culoncy that
has been circulating for
with diatribes.
nearly a
quarter of a century on this island.
culated ln Cuba‘and e government's, ._
‘ offer is limited to one and fwoodollar
bills 'whlch it plans to return to the
united States treasury.
such hills in circulation .are no dingy.
torn and patched as to -be unrecog-
nimble.
Only American 'pape money is ole-l »
Thouumde of
advertise to to Conduct.
Men’s All Wool Suits
proportioned
Stylish Stout Figures
This system maize: available a complete
wardrobe of fashionable ~and correctly
women the envied "Stylish Stout" figure.
Do away with needless. unsatigficm 6t-
tingr and alterations.
garments which give large
- Take Advantage ofthe
Big Sale at Gotflieb’s' 1.:
' , OTTLIEB’S -, gi
11“ ‘NGRTH MAIN sun so. NGRWME
Especial Sale for anew-Days
:— p _. ‘ . . h 3 y . ' . InsistonsvvdtfiueSyuein
lIFTY l-‘AllllllERS lllllllilZSli FlNlSll "‘"W 03.2.... m... muss-caring“ mam» Running. 3...... Rubber-ms;
IN BEVASllllll . ‘
nu muting
l'l't'ltls, Aug. 4.—Flfty>tarmerslfrom
the cantons of Anlzy and Coucy in the
devastated-“area. or the Alene. (north-
I-rn Francé) are today the owners of
agricultural! implements given to them
as prizes by Miss Anne. Morgan anl
Mrs. A. Murray Dike ol‘ the American
Committee for Deva-stated France in:
recognition of efforts they have made
installing
will lu-
'l‘lw
211.3. 3m
SHANGHAI. Aug. l.—-‘V£’ork of In
delivered at San
first two of the vessels are
Mandarin and Celestlnn. which
been completed.
lh
lun-
The building of the four vessels. all
to restore their farms to their pr(-—wnr.sigter ships of 10.500 tong.
engines and mechanical
equipmt‘nt in the hull: of the steam:
'--rs Oriental and Cathay is proceeding
rapidly, and it ls‘bclleved that before
the summer is over these two ships.
which are the lust of four built
Sllzuiirhui for the. U. 8. Shipping Board.
Pranclsco.’
in
is u dis-
Take Salts to flush Kidneys It Be
“Mum
» bothers.
any. out it. but flush your kidneys
i
It you must have your meat every1
with salts occasionally, says a noted
nuthorlty who tells us that meat
torms uric acid which almost paralyz-
es the kidneys in their efforts to exprl
it from the blood.
sluggish and weaken. then you nutter
glon. sharp pains in the back or .ech
headache. dizziness. your stomach
sours. tongue is coated and when the
‘ weather is bad you have rheumatic
twinges. The urine gets cloudy. full
of sediment. the channels often get
sore and irritated. obllglng you to
(l
0
They becomet
with n dull misery in the kidney re-'
n.- mm-Q-un, a fillfine'd‘fleékaliuww
WRITE FOR 300m
Writing latest e olsiveltllne System-apparel and telling how
you mph: I deder ,
am'
MADAME SVELTLINB
47 We; MSG“
$1108;’ per Pair.
- . PHONE "1959
,Nurauu‘r.
W
Hiale- The DH!“ Wmn'lrs “'9"? 39190190 tinct achievement for Chinese huild- -k . '
h)‘ 3 jury of From}, agriculturists ers. and marks a noteworthy advance 3:0 “$11151“ two or three times during
trom no in the industry or shipbuilding in this 3 ‘ '
entrlcs in two agricultural
competitions. .
'l‘ho- first prize. a seed planter from
louimillv. K52. was won by Alix-1‘!
.n-:.ln and his wife. 68 and 58 years
n'vl irsps-ctivr-ly. peasants from Alle-
n ..:,t (Alsne) who. although their
ll..- wvrv classvd as "irreclulmnblc":
ilu- govol'nnlt-nt. returned to their"
.. .n. Inn] in n dugout and after two
.- .vs or hnrrl lulior succeeded in put-
: their entire I'urm under cultiva-
‘Wnl‘l Drizvs lululllnz 4.000 francs
\»- . .liSO aiu'n by Miss Morgan and,
' i‘lkh to th.- :10 farm hands in the,
a v2. or .-\ni'/.\ and Gooey who w’ere
ml lllnllOllH The first prize of
. .m x wm won liy an aged couple
Shipping Board.
country. for they are the. largest bouts
ever built in China.
ping men to representatives of
American Shlpping Board, at Shang-
hai. are that the Mundarlnxwhlch was
delivered some time ago in San Fran-
cisco. was held to be one of the best:
ships of the many constructed for the
It is the belief of of-
ficers of the Kiangnan DOck and En~
gineering Company. builders of the
AIIL SHE SAID.
“So she refused you?”
"That’s the impression I received.
"Didn’t she actually say no?”
Reports of ship-
the
To neutralize these Irritating acids.
the body's urlnous waste get about
four ounces of Jad Salts from any
pharmacy here: take a tablespoonful
for a. few days and your kidneys will
then act fine.
lemon Juice. combined with “lithla.
' bladder weakness.
n
cent Allthla-water‘drink.
to cleanse the kidneys and flush 011’
in a. class of water before breakfast
This famous salts to
mode from the acid of grapes and
,and has been used for generations to
;flush and stimulate slu lshv’tkldne '
four vessels. that all tour will live up 1318010 neutrdlhe the ‘agcglds in “ml:
to the standard set by the Mandarin. ‘80 it no 10339,- irritates. thus ending"
Jed Suite is inexpensive: cannot ln-
jure. and makes a. dellghtful elder-ves-
One *7 Born “Every Fourth Minute
A lady who had a family of three children didn’t want any more be-
cause she had heard that
Chinaman.
every fourth child born in the - world was a
As ludicrous, perhaps, as an old misconception some skeptical folks
used to‘htwe about advertising. . -
l . 1 'I'mmu-i who served for 40 - “No. she didn't. All- she said was .11"... :al'lilllllll
}~. ‘ - on the sumn- farm and who after 'Ha'ha-ha." I m. . ,,
‘ l: “’01 km 1! your without wages - ‘ ’ ~ ' -
‘ . M W mum not afford There was a time when some advertisements-had to be taken With
l‘lw- llwl’ll.
l‘hrrmgh llw nmnperation of the
\:w rlt‘nn l‘nmiuf'N-o “nth the farmers
of the \vww wm ..,»,-,.‘. Of land ral‘r_
a grain of salt. .Alfiewnusgunded advewisas thought they could sell
their goods
better “by'm'isrepresentingitbem. Those advertisers have
long since gone- out of “business or mended their "ways. Hard experi-
AUSTNS Eamon
aged l \\ _ My. 1.. m reclaimed Wilg' pa
and l"' y ,. H N. . . _ o 0 £ ' , R
44.1., . .r. . .. ....gliniz::;‘:;a;igzil. :3“ ence taught that untr‘ Jfilful adv .. _‘ , dldn t y.
r” “ . mum: the. farmers ' I A I
"ml n .; an hull .t‘thl ' - - ° , , V -' '
.l... - . . ”midiiri‘l coil ~ Other adverbsersproved that the only waytoadverttse successfully, -
.. ..h more than 20 - k egular ustome s, and build upgocdwiil wastetefltbeobsdnte
:1 the ways in which Illa e r .Tc. . r , i _ j '. ’ V . r 7 i
, .2”.‘§i“f§.lis 3333.3?" .. truth ambition-goods m .thelradvertlsements.
333.332» magmas.” am we sarcasm" 18:: Yen can-mend on the mayhem 9r 1%. ' sum. rem? 'advelmf
i" tthliie :ar-dexfitfied ter- tied»! the Michigan Exam local flwifi“ ”u from :3“- : Tfie emcemthat tells yourfmkly main-It 18‘. doln‘grls‘a good .flfifim. n. ’ .,
" m ,vns are . vlng n - :1, .’ _ :‘l . '* . l .. ‘mt' em *5 " . . _ ' ~ ” " - ~’ " ' "fijagad m Se 3' " ‘ gm Ive, ""
‘1' nus;I use? by German um: ggmahr 42:01:: iiagha‘clzuaghie; Egmbclllfiz, 13., 3:, iii.“ tngylpe: . Wlth m _ . 16h ftp do buglness , , The Store m 11:, . ‘ t ASE, 13% . . ,. i .
. . n so ers n the earl da 0 ' 23' min ' 1 “WV can 0.. In 9.0 ' 'C * Weihat I W ‘ . Ifma1y‘wm . 1 ‘ V 53 l - ' - i " ("S i
I“ - .. _ y ya Zeigrcgitcemmd mt: charges with‘tlile price in that county are. thr' 3. '0 . _ haSS . mg ,__ * h W 9 . - .y 0 you. 00131 “Q‘_
I or no progress toward recon- (“pact to the 1921‘ wool-pool. _, {mm film”. Pack grove: b mes thatadva'tlse tharmducts MWGG mveconfidem In 215::
s“: w 3l has been made in the scores Expert mm My“? are tour- we,“ toab‘dn_md.m'hg mfl ‘ ~.: .’ f m ‘ heir fik ,4..-
" . '- 1 villages because of the pover- in; the state nud'ml in mg“! and a: mm ‘m blink“: ‘0? ' . fliel‘n. Yoflcan $3 '03? Yet 69!! 11138. “-3.;
h . , w people who. for a long time weighed in the We; the crowd” gyfimwwt: , . ‘ , ' . -:..
“"‘l '. lit ‘ R '11 ”Id d- 3“ mid” h r. ' ' e. 5W. ! .m‘r‘i‘im , e - . T , .. ' . - ._ ' " . e ._ . ' ' “
c, .- v .3131"... erieflnder“§éuhevm $1.23....“ 312.. 03m? 55 Kill. om was thew uh- lnfenor 'merchandlse cannot masquerade m. the quality clothes of . «r
m. a, indomd bythtW "" “' “h" mm“ W 1' advertising
"*~ ~' - in mm and meta: - '- ‘ . _
TIM)“ lemon-1m 1W8
FOLEY’S > {semi-mu m V . u
m... P. West. 272 Morris Ave"; “W9"? ”“5“ “fi _ ‘5‘» '
Trvr ‘ '.n, N. J" We“ 1‘11th aoto. M “wwwwu ml; 7' _
i“ “H" 5v. "I had a. very severe couxh' . M .3“ ”gm theta“ all?“
and nr'kllm'; in my throat. Could not I ‘ ”a Mam “am
:"P at night. I used ruler- mm-
‘3; and Tar and was relieved I!" once.
- “" Hr-kllng in my throat has gone.
1“” ““7le recommend Foley's Hon-
:; azwl Tar." There's no befid’icnt.‘ '
. h‘vywlor coughs. colds. m m
and asthma. It to“:
”me. "Ind" ~ .- , » ‘
J
Norwalk Chronicler