‘ i
e.
3,
i i.
"‘2'. scholars and in 1732
I G SENTINEL
Net-walk. Conn.
GOLDEN
BY JAMES
' IN 1570.
daily except Sunday by
Ones-u
i" Ibex-sauna Publishing Company.
'91 Washington Street.
So. Norwaik. Conn.
' meted as Second Class Matter
t; Mlberg. President.
‘I. ’. Milligan. V'icsPres. and Trans.
,,L 1. golden. Secretary
. Telephone: Norwslk 92-93.
”h Office: 48 Wall St.. Norwalk
Telephone—Norwalk 1:88.
I.“ Copies ........ Three Cents
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use Associated Press is exclusive-
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of all news dispatches credited to it
or net otherwise in this newspaper
and also any local news' published
herein.
All rights of publication of special
dispatches herein are also reserved.
A Final Suggestion
A Brooklyn. N. Y.. man has dis-
covered a new idea for a hard coal
substitute. He suggests that manu-
facturers using large quantities of
anthracite. consider his idea.
"I recently made a discovery
which should be of great interest to
the manufacturers of this city and.
in fact. to the whole country.
"in my factory I use almost ten
a lens of cool weekly. in view of the
threatened coal strike 1 have been
experimenting with substitutes and
have fotmd n. combination that is
more. satisfactory and cheaper than
Intliracitv. it is a. combination of
coke and crude oil.
“i use an ordinary watering can
such as people use to sprinkle gar-
dens and sprinkle the coke with oil.
I had to roam the holes in the
sprinkler to make them larger so
the oil Would flow.
"After thv fire has been started I
wait. until hcrc, is a good bed of
cools and fill up the furnace with
the oiled iilkl‘. The. amount of oil
must he T'Klllutctl but the results
are so good that i shall never again
use unlhrdrilo- coal.
"1 hriv“ tricd mixing oil with
sawdust. lint was not entirely satis-
’li'il. Sm.ill blocks of wood soaked
will hoil \iirc good. but coke was
lu-st of all. in 24 working days my
fuel bill “as 33“.: less when burning
coke and oil than when I was using
anthracit» for the same length of
time.
"A comcrn that uses a large
amount of fuel would be able to
“VG an enormous amount.
“Another good feature is that
there are scnrni-lv any ashes. as the
whole mas sis consumed. I hope
others will try this combination."
It. might nnt be a. hzid idea and
many manufacturers in New l-Ing-
Lind. who hzire iwrn im-rklf‘lk a good
substitute for unthinclic, may adopt
this plan.
. . .
C orfu in History
Corfu. which was bombarded by
the ltl‘illiil -, is the most important oi’
the Ionian Islands located oi! the
west coax! of Greece. near the
Straits of (Mranto. which connects
the Adriatic Sos “'llh the Mediterra-
nean Sea. A line due cost from Cor-
fu intcrsecls the boundary between
Greece and Alli;llllil_ which runs
roughly 'mrthciistaouthwest. Corfu
being nor‘h of the point where the
boundary mm is the coast. The is-
land is scpuruted from the Grecian
Peninsula. iv ii strait which varies in
width from 2 to 1.“- miles.
The island is shaped roughly like
s. sickle. tl n hollow side bring away
from ital). its extrnme. length is
20 mil-~s. Its xircn is estimated at
227 Fillinl'" miles and its population
is 99.371.1f “llom 28.254 are in the
town of (" ir"u.
The island has numerous moun-
isin rungu ll‘n highest being 3.300
feet allow m . l--\o~l The rock for-
mation is ' * Hill" illlil tho
til-W Weathrring of this rock has giv-
en the isiio. l ..\ \uriml topo-
grnphv. «‘oiru is phi-rally consid-
ered thn hum hcuuliful of the Gre-
cian lslan 1v, but the prmalenco of
the cilia rims it a. rather monoton-
ous coloring. Bananas are grown in
small qiinldth, as xvcll as other
fruits.
The islnurl is also known as Cor—
Iyra and is lni'nlinntd by Homer as
Scheriii. The. first recorded scttio-
mom on the ivlnnd “as made about
700 D. C. by colonists from Corinth
and the ilrst recorded naval battle
of Greek history took place off the
islnpd about 01:,” ll. C, between the
(.‘orcvrans and the Corinthians. its
alliance \ll'li Athens in 435 n. C.
was one of the chief causes of the
I’eloponesnn \Var. W'ith the fall of
the power of llcllns. the island fell
into the lands of the lliyrinn cor-s—
airs. to lw rcscued by Home. in 229.
It was gh- n the rank of a free state
and was uvwl us a naval base, rcrvlug
Octavius in his war against Antony.
“'ith the fall of Rome. the island
was held by many petty states. finn-
ly placing ifn-lf under the protection
of Venice when that city rose to
pow". It remained under Venetian
rule until 1797, defending itself sov-
rral times from the Turkish arma-
ments which spread Westward
throush the Mediterranean. The is-
land served as a refuge for Greek
became the
home of the first academy of modern
Greece although no serious impulse
ts are“ thought came from this
quarter.
The bland was ceded
”such by the treaty of Camp For-
.io. but they were expelled by a
finalists-Turkish force in 1799. It
then became the capital of a federa-
uon of the lonlan islands. being
, placed under the British rule in 1815
w. as a protectorate with British com-
DIIIMs having practically all gov-
ernmental power. In 18“. with the
other Ionian Islands. it was placed
under the rule of Greece which bad
Just even its inde ndence from
Turkey.
The bland contains very few un~
important archeolosicsi rem-lull
There is one temple. believed to have
Mandate-lied to Neptune. which is
buy“)! preserved. but Go
to the
Rippling Rhymes
W
0111' O!‘ ORDER
By Walt Meson.
crime and of criminal’s tricks. in
which a policeman wins glory. out-
classing the Sherlocky dicks. Too
long have the cops been presented as
people with ivory domes; no wonder
they are not contented. when read-
ing the doings of Holmes. The
writers of Sherlocky fiction start out
with a peach of a crime; with thril-
ling and opulent diction they work
up a murder sublime. And then we
no shown how the copper-s are baf-
fled in various styles; they all come
their several croppers. missing clews
by a myriad miles. 80 stupid are
they in their linking. so dippy in all
that they do. one feels that they’ve
surely been drinking some flugons
of dangerous brew. And [while they
lire groping and batching. and hung-
ling an dwegging their ears. and
wearily waiting and watching. the
super-detective appears. He comes
to an instant solution. the slayer is
cleverly caught: he hands out some
fine elocution. detailing his process
of thought. I'm writing a. tale of
detectives. reversing the usual
course; the cops are not shown as
defectives. they‘re sleuths of decision
and force. And all through the
story it's hinted that super-detectives
are hunk perhaps 1‘" be mobbed
when it's printed .for folks like the
usual Junk.
The Late Premier Ksto.
His inscrutable face. so scolariy.
so forceful. seemed to be covered
Mth a mask of profound wisdom.
His words were few. his voice gentle
and rather impersonal. and yet. al-
though he ~ulways spoke through
an interpreter. and_ was rarerly. if
ever. seen to smile. he had all who
saw him by an impression of digni-
fied power. “'hcn he returned to
Japan it was to use his great influ-
ence for the ratification of the trea-
iics which he had helped to frame.
—.\'ew York Times.
“’lmt Bob Told tlic Scribes.
Senator La Follette is 68, but this
is his first visit to Europe. The. son
of a. French farmer in \V’lsconsin. he
was left very poor. and as a boy had
to support his mother and younger
brothers and sisters. lie saved en-
ough to pay his way through college.
studied low. and then entered the
political world. Finally he became
governor of the state, and after ter-
rific struggles made \Visconsin a
“model" state. As senator he was
a close friend and adherent of Presi-
dent. Roosevelt—London News.
The Law Licensing Miners.
The l‘ennyslvnnia law provides
that only licensed miners can work
in the anthracite fields and that the
miners' examining board shall ll-
(‘cnse only those who have had al-
ready "two years of practical ex-
pcricncc . . . .in the mines of this
commonwealth." These boards are
themselves composed of licensed ml-
m-rs who are presumably members
Of the union. Unless the federal
government's power to seize and op—
erate mines included the right to
nullify the Pcnsyivania statute for
the. licensing of miners. it could not
employ a single man in the anthra-
cite mines without the permission
of boards controlled by the miners'
union—Springfield Republican.
“’lien a Budget Fails.
To be of real scrvioe. as a_ definite
program 0 fmunicipal expenditures
and progress, there must be real co-
operation lwiwecn the executive
and legislative branches. \V’here
this is so conspicouously lacking. as
at present. the incentive for any
ro-ai effort to make a real budget is
also absent.-—I‘hilndelphia Ledger.
-v——-—-
. . . .Sliould Dempsey Fight Here?
It does not appear what part the
governor is to have in this affair.
The statute establishing a state ath-
letic commission gives to this body
“sole direction. management. con-
trol of and jurisdiction over all box-
ing exhibitions or wrestling bouts to
he conducted. held or given within
the state," and the commission "may
in its discretion issue and at its
pleasure revoke any permit." The
authority which the governor has as
executive is expressly 'delegated to
the athletic commission.-—Bridgeport
Telegram.
. .Gcrmany‘s Dawning Common
Sense.
There i shope in the direct vigor
with which the new German govern-
ment )s attacking its problems of
currency and taxation. There is a
threat by the new Minister of Fin-
ance. Herr Hilferding. to resort to
"a brutal tax policy” if it is neces-
sary to national self-preservation. It
was high“ time that the vaciliating
and flabby methods of the Curio
government should be replaced by a
bold grappling with the chief inter-
nal difficulties of Germany.—-New
York Times.
.._a___
Mine Groups Can if “1“.
The man in the street is not ver-
sed in tonnages. profits. working con-
ditions or the intricacies of wage is-
vrds. but he grasps the essential facts.
He sees the operators have a mono-
poly of all the hard coal in the West-
ern hemisphere. and that- the miners
hold a monopoly of all labor. that
‘digs this coal. As he is ground bee
tween these upper and nether mill-
stories he knows these two monopoli-
stic groups. perennially battering
each other. could make peace if
there were good will and. good faith
on both sides—Philadelphia Ledger.
——.——__
Senator Brandcgee.
(Manchester Herald.) '
A Washington report is to the cr-
fcct that Senator Brandegee is to be
the chief adviser of the Coolidge Ad-
ministration. We do not believe the
report to begin with. but we would
be glad to lruow that it was a fact.
Mr. Brandegee has been s. viciously
abused man in his political capacity
but not the most unscrupulous of his
enemies cares to deny that he ian
the forethought of Am Mir-
-.--.— .’~. v.00": “1!"-i’. .. - -
I'm writing a thundering story of
-.-,
"s
Increase in Rolled Steel.
\Viih August ended. the volume of
new business in rolled steel shows
an increase. making the month a
better one than July for most pro-
ducers. says the Iron Age.
The improvement seen in tho I121
week has not been uniform. bths
more marked in the case of some
independent companies. whose order
books for some time have carried
relatively less budnees than those of
the Steel Corporation.
A stiffening in coke prices has
come with the prospect of an anthra-
cite strike. and the appearance of a
larger demand for by-product coke
for domestic use. But the capacuy
much in excess of the demand that.
with pig iron productibn still declin-
ing. blast furnaces have shown no
haste to contract for fourth quarter
colie. Admittedly an anthracite strike
would tend to eliminate some of the
soft spots in pig iron. but stocks of
iron are large and lately have in-
creased.
A further decline in both steel and
.pig iron took place in August. The
Steel Corporation is running to-day
at 85 to 90 per cent of its capacity in
steel ingots, while the principal in-
dependent companies are on a 75 to
80 per cent basis. August operations
of the leading independent averaged
75 per cent.
There is a general expectation in
the steel trade of larger buying in
September. in view of indications
that manufwturing consumers have
been drawing on their stocks while
with few exceptions they have taken
full deliveries from the mills.
Prices of finished steel are holding
in e. way indicating no material
change from the present level in the
next few months. The weakness in
sheets that has lasted since early
summer is evidence, but plates. bars.
shapes. wire products. tin plate and
pipe are practically without change.
F ght Traffic at High Level
Ra oad freight traffic has reach-
ed the highest level ever attained
at this time of year. the American
Railway Association reports. Car
loadings for the week ended August
18 totaled 1,036.7“. the second
highest figure for any one week in
the history of the carriers. and only
5,803 care under the record estab-
lished during the week ended July
28, 1928. The increase over the cor-
responding week last year was 189.-
495 cars. or 22.4 per cent.
Landings of me chandise and mie-
cellaneous freigh . including manu-
factured products. amounted to
589.352 cars. 88.506 over the preced-
ing week. 42,878 over the same week
last year and 98.608 over the cor-
responding week of 1921. Loading:
of forest products totaled 77.299
cars. 8.951 over the previous week.
19.858 last year and 82,490 over two
7084'- I-I'O- '
Grain and grain products loadings
amounted to 52.511 ears, 5.87) above-
the week before. but 2.988 under
last yearind 7.545 under two years
ago. Livestock loadings aggregated
88,150 cars. an increase of 2.8“ over
the- preceding Aweek. 8,." in exce-
of .1912 and 1.551 over 1921.
Coal loadings totaled 189,078 cars.
11.81e in excess'of the week before.
107,622 greater than the same week
last year and 35.560 greater than
two years ago. Leading- . ofieoke
amounted to 11.587 car 551 above
the previous week. 5.4 5 over last
year and 9.0“ over 1921. Ore load-
inn tot-Jed 80.750. a decrease of 1..
070 under the previous week, but
18.224 over lest yea:- snd 48.712 over
“HOPE. SPRINGS ETERNAL”
THE BUSINESS WORID '
says this Week. The volume of pur-
chases in the first buying trip Lo the
market was far short of ‘hs markv
set by the cloak and suit manufac-
turers and stock houses. The high
prices that stood in the Way of the
buyers are destined to remain while
the arbitration between producing
contractors and the cloak and suit
manufacturers remains unsettled.
We notice. however. a restless.
nervous attitude in the largest stock
houses and suggestive oflers to cut
prices to force business.
The past week has shown a great
improvement among commissioii
houses for all grades of nheeiings.
sheets. pillow cases. and bedspieads:
but in every lnsTance for immediate
wants. Notfuture business has been
placed. so to speak. for the reason
no prices have been made and ging-
hams as made by the leading north-
ern and southern mills will average
from ten to twelve and one-holf per
cent. below last prices in force. The
past five weeks have shown great
advances in the cotton markel and a
great deal depends on the new crop
and if present prices of cotton pre-
vail on futures. cotton goods cannot
be cheaper the they are at this
Iwriting. '
Mexican Shares Respond.
"Mexico recognised by U. S."
Those few words flashed over the
news tickers from “’ashington at
exactly one o'clock yesterday had
the effect of a magic wand on the
so-called Mexican securities. A boil-
ing market soon prevailed for vir-
tually all so-cailed Mexican shares.
as well as for the stocks of Ameri-
can companies who have interests
in Mexico. All classes of Mexican
government bonds. both on the curb
and on the "Big Board." were bid
up sharply. The Doheny oil shares.
otherwise known as the Pan Ameri-
can issues. Mexican Seaboard Oil.
National Railways of Mexico, Amer-
ican Smelling and Refining. Greene
Cananea and Southern Pacific were
the most prominent in\the advance.
820,000 000 Band Issue.
Union Pacific is expected to mar-
ket shortly 320,000,000 first and re-
funding mortgage five per cent
bonds. Offering price is expected to
be par. at which yield would be
same as on existing is secured by
which yield would be about the
the same mortgage at the present
market price. If the price is par
terms will be more advantageous tb
company than those of recent rail-
road equipfnent‘ issues.
' United Drug Co. .
United Drug in the six months
ended June 30 reported net earnings
of 82.512.780. After allowing for all
charges. taxes and preferred divi.‘
dends there remain 81,285,687 avail-
able for dividends on the common
stocks, or the equivalent of $3.631.
share. In the corresponding period
of 1922 the company earned $1.18 a
share on the common stock. Sales
during the period amounted to 33:.-
132,804. as compared with 323.479
760 in the first half of 1922. Unit '
Drug had a surplus of “.0521?“
on June 80 last. .
American Bankers' Association '
Convention.
Problems of agriculture. business
and finance, which contrbnt all Ico-
um of the United States. anths
principal subjects on them-onus.“
the American. , I ' . ', "
convention to ' be held ’
in
City commissi- u to 27...
The‘ Federal firm. R:
we of tbs mallet,
l
Athens .
which have been made upon it from
iiirlous districts, out of which rec-
ommendations of changes may. be
made to Congress.
Europe is not. however. to be en-
tirely excluded from the discussions
this year. but the bankers will hear
the views of an American on the
chaos overthere, instead oflinviting
a distinguished speaker from the
continent. Fred 1. Kint. vice-presi-
dent of the Bankers' Trust company
of New York and chaii‘l'nah of the
Marine commission of the American
Bunkers' association. \t‘i tell the
delegates what he learned during a
prolonged tour of thwcentcre of the
economic disturbance across the At-
lantic.
other
the‘ vm-ihe
delegates meet in theirgrespecuve di-
visions will‘ include Charles E. Mit-
cheli.'president of the National City
Bank of New York: M. A. Treylor.
president of the First Trust and Sav-
ings Bank of Chicago. and William
A. Scott. director of the School of
Commerce of the l‘nirersity or “fis-
consin. Scyniour L. Cromwell. presi—
dent of the New York Stock Ex»
change. will speak before the Clear-
ing House section on "How the
American Banker Can More Effec-
tively Co-operate With the New
York Stock Exchange."
The egneral sessions of the con-
vention will be heid'at Young‘s Mil-
lion Doilar Pier. They will open
with a concert at 9:80 o'clock on
Tuesday morning. September 25. The
Clearing House section willvbegln its
meetings on Monday, preceeding the
opening of the convention. Delega
to this section will meet in the Ver-
non room. Haddan hell. The Trust
Company division will also begin its
sedions Monday in the same ball as
the Clearing House section.
The Savings Bank division will be-
gin its sessions in Haddon hall. Tue.-
day afternoon at 2:30 o'clock. The
State Secretaries‘ section will meet
in the club room of the Hotel Tray-
more at 2:30 on Tuesday. the open-
ing day of the convention. while the
State Bank division will meet in Ver-
non room. Haddon hall. at 2:80
o'clock on Wednesday afternoon.
The National .Bank division will
meet in Haddon hall on Thursday
afternoon at 2:30 o'clock. and after
this meeting the delegates will re-
turn for the final session at Young's
Pier.
What's the Answer?
State police have been busy of
late with Merrill Keith of same ea-
pactiy and his family have been at
his father‘s.
‘
e...
K’ i
ca: homes
as?" ‘
B! esters-.0"!!-
The ’horison where water and sky
. seem to meet g
Fascinated the lad as he sat‘at my
feet.
And he asked—4nd the question is
certainly fair-— '
"Would you come to the sky if you
ventured out there?" -
Time'was the horizon held me in
that waY.
And I wondered if I could slip out
on the bay
Andsail to that line in the distance.
For a moment in touch with the sky
and the sea. _
But I've learned the horizon moves
back as you go.
That never the end of our dreaming
we‘ll know.
That beyond every goal which we
covet and gain
There still shines in the distance a
goal to attain.
So I said to the boy: “Could you go
there today
You would find that the sky had
moved farther away: .
And 'tis this we call vision—a word
in our speech
never quite reach.
"Life's broad horizon keeps moving
away.
Tomorrow's stands
edge of today;
always beyond what we've
fought for an dwon.
Lies a goal in the distance still lur-
ing us on."
And
Texas Pacific.
Under the reorganization plan for
the Texas 8: Pacific Railway Com-
pany. which will be made public
shortly. fixed charges of the road
will be scaled down by about 31.-
250.000 a. year. due to the conver-
sion of the, 825,000,000 income
bonds. most of which are owned by
the Missouri Pacific. into five per
cent preferred stock. This will hand
, ere who will address
control of the road ove r to the Mis-
souri Pacific. inasmuch as that car-
rier already owns 810.000.000 of
Texas & Pacific's 838.755.000 capital
stock outstanding. There will he
no assessment on the stock. In oth
er words. there is no chance in the
completed plan from tentatively
agreed upon several months ago. de-
tails of which were published at that
time.
Miss Jeanette Ferris of Rowan
street. is spending a two weeks' va-
cation. visiting places of interest in
the South.
0 O 0
Robert Wolfe. jr.. of South Lfaln
street.
Georgetown University on Septem-
ber 18th. This will be Mr. \Volfes
second year.
Just Suppose
You need to pay a cer- “
k
tsin sum of money to
or: ‘.
someone in New York, or :1
l“
:i
any place. i.
l
If you have the requir-
ed amount on deposit here. 2
you can send the money
quickly thru this bank.
not be large—at
The People’s
Trust Co.
First Bank Under the Bridge
eanhiegto-St.
A LL“ MpNEY.
Deposited in This Bank
7 Before- Sept’fith '- g
-’ WillDrstnizel-estFroin-
seer.» list};
‘ Athfuhmyfinhwim
South N orwalk.
and be .4
Which stands for a goal which “‘0‘
Missouri Pacific to Have Control of '
will return to his studies ai*
.-—over $500.00, can .be invested to adv
anfao
m our =’
. Time Deposit Department
where special interest is commanded quarter.
i 1y, showing a greater return than on savinrrg
accounts where interest is compounded semi.
annually. '
.- —THE—-
CENTRAL TRUST CO.
. of Norwalk
The Bank of Safety and Service.
there on the;
' .
Your Future
To a great extent. There are no sure short cum.
wealth.
Back of almost every comfortable old age is a saw.
'mgs account.
SO. Norwalk Trust Co.
SERVICE and SECURITY
.3»,
Money Troubles
Money maybe a source of great joy or of
great sorrow. The best way to escape money
troubles is to have your money intelligently
and honestly taken care of. This bank is here
for that purpose.
The City National Bank
SOUTH NORWALK, CONN.
If Yen Are Looking for
an Investment to
* ' .Yieid 595%
You Gan Secure Through
THE SOUTH NORWALK TRUST C0..
uuaranteed Mortgage Certificates
——-ef-——
THE TITLE INSURANCE AND
' MORTGAGE COMPANY
OF STAMFORD, CONN.
IR AMOUNTS FROM $100 UP 0
These certificates are mus-ed by mortgages deposited
with thh company and guaranteed by a comp-n! ““3
paid up cape-i or»
V $150,000
A" "m are posed "upon by the committee hum
the affluent] banks in Greenwich. Stamford. horweib
Ncw 0am and Weapon.
3
I
. . . _ _ .
. 1' ‘
-..
\
‘lt.>.
H .1
u m m ‘ u .- s»- m - .m.-~_~-\‘~-
)-
.n
'Whén Autumn Comg
You will W . y to outfit the children
. for. thetfie lime ready for Winter:
and brother end-of-seesou purposes
4
I .
i
Norwalk Chronicler