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or "A
r
CREDIT FAMINE
~ *EXTENDS OVER
E; A LARGE AREA
Small Loan Business
Remedy for Situa-
tion Declares Charles
G. Mueller
ri—if‘ .lIWELPl-IIA. June 4.—In a
g ,- “za relief of the “industrial
:4}. . (Al-nine" which he said is pre-
('5- r,” .1 large area of the coun-
rm . wics G. Mueller, National
('9‘..- - l of the American Industrial
To. Association. today made
j...- ":Wres bearing on the small
.5}- .vv- ss. This “credit famine,"
Q... - Err said, is of vital concern
‘_.. - to the great mass of the
n who are the direct suf-
mt. also to the producing
.‘hnndizlng interests whose
,7’:' -~: public are impaired in
imp: power by lack Of an
,. tmancing system.
- statistics to show that no
“\n 8 per cent of our popu-
lmve checking accounts at
:lntl that approximately less
' p-‘r cent of those with check-
r-o'mls have collaterial en-
; 'lm mto borrow at banks. Mr.
- said that the only recourse
w this large percentage in their
, "nods is to industrial‘lenders.
- ":"1 there are two classee, the
lender whose interest rates
.v'rhitant, and the licensed
~— v.11“ lends on non-fluid sec‘ur-
‘ ro security at all at interest
- : ”:xcd by law.
suio of the number of licensed
. z is necessarily limited to those
. where lending is regulated, he
‘ _ the only possible relief for
-'—— ‘ wilt i‘nminc" lies in an exten-
.7 tt‘ adequate legislation for the
— : “:ttn of industrial lending, as
' w, .1111 of reputable men will not
’r'ncled to those communities
2t . - the business is not regulated.
importance of an adequate
‘: - sustem for supplying this cred-
i the statement, could be bet-
- mpreciated by an understanding
.. small loan business, its special
“wore. and the clientelle it serves.
Cr‘lflll loan. in the meaning of the
A is one not in excess of $300 to
_,. one borrower. the legal interest
for which is higher than the
:r‘-‘.'r’st on a. bank loan. The func-
l“: of the small loan broker is to
ftirce those who do not possess the
«"“hteral which will enable them to
1":row from banks. and this financ-
': is done from the capital of the
terrier. not from the funds of depos-
:"rs as in the case of banks. The
=“iall loan clientelle is made up of
wage earners. small salaried work-
(:‘H and persons of limited incomes.
Money lending is regulated by law
‘5 eighteen states. in which lenders
we licensed and the maximum in-
Wat rates which they may charge
,.. loans are fixed. These states are:
won. Connecticut. Georgia. In-
‘1, lowa. Maine. Maryland. Mass-
-«:rtts, Michigan, New Hamp-
r New Jersey. Ohio, Oregon,
"evlvania, Rliode Island. Utah
:> Virginia. The combined popu-
’rs of these states in 1923 was
I? 'z‘17“d at about 52,000,000.
‘-: 1 little less than half the es-
' "a.“ (l population of 112,000,000 of
' _ mare country.
. ‘hese eighteen states the credit
,— ‘: *2 rt the small loan clientelle are
.=r “i by some 420 licensed lenders,
combined capital approxi-
3100,000.000, and whose an-
‘ :ms approximated $150,000.-
:‘rie average loan being about
The number of potential bor-
. ~= may be estimated at 10,000.-
v-f whom there are probably
: r 2,000,000 actual borrowers.
< (slimnte is based on an adult
r' ."'i~in in these states of about
>000, of whom about 37 per
. to receiving annual incomes,
a r in per cent-of Whom are re-
A- - : incomes not. to exceed $2,000
,, .y. or course the capital in-
”. in the small loan business
t- 11 states where lending is regu-
‘ f< inadequate to serve the needs
whole number of potential
were, and as the total annual
. ' a m. regulated territory approxi-
T’“ - 5150,000,000 in averase
"s of $100, it will be seen that.
:. rmgo number of be rowers
totals 1,500,000. A lowing
" .‘"l‘.3 under the average. the
'. "umber of borrowers may be
61" "‘atmi at 2,000,000.
" . Mueller used the report of a
ft-' 1 month's business of a large
4 concern to indicate the clasl
: We constituting the body of
:‘ous borrowers and the prin-
'1: muses of their necessities.
PM. ".is it was shown that of 2.~
. :l'uwers the classification was:
svrmnts (Federal. state and
" , ~77: commercial (clerks. 900-
zind stenographers. book-
”’7 and accountants, salesmen.
Ce'J ‘ managers. proprietorl and
::> 012; wage earners (print-
:ir - :rs, factory workers, tailors.
‘ ‘ Tins. inspectors, foreman. ar-
‘ =7 ' talc-graph operators, and con-
t'=> 3m; Professions (teachers.
.\ and dentists, and writers)
4; “ “r elianeoul. 237.
2 the impelling causes tor
small loans are legion. M’-
5 statement points out that
wins] causes may be grouped
"‘ these five heads: sickness.
. to buy a home or to meet
=1 or principal on morttafle':
,—.. the situation of borrow-
. and for use in business-
Plans to Build New
3731 ".
. ,,
V m
a ‘
,‘r:"‘..-:
.. .n
1
a
. n
‘Z'T'r-‘nonnn
,l,‘t'\_t:
a
-;-.a
,.- 1
Home in Pershing St. -
p.
‘ .; ding Inspector GOO!” 3-
‘ n i issued the following buildin‘
‘5 this morning: '
-irs. w. J. Norris. gar!!! in 0”“
lire“: cost $500. '
P‘Ersung street, cost ’5-000,‘ .
Ha‘fie A. Sanford. 110"” alter»
firm in Miller avenue. 6°“ “0°?“
B. H. Green. noun .
house in West Nomfll‘
‘firm
be— .
Amelia. Tenny. one family haul. in '
Tani.
Below are the
a. Chicago multi-milllonaire.
“5 30MB. Roebuck -
crirne. 8: Co.. and
Richard Loeb
Jacob Franks. father of slain
Chicago boy
The palatial home in Chicago of N.
confessed slayers of Robert Franks.
w
w.
' ,
{2.7” ‘i'
iM R gluten
‘ Vii“); :0 5 2.
ngCIHL 0
MR, JACOB
6'0 .5").
5&CIAL
[This is a specimen of Nathan Leopold's
it is similar to handwriting on ransom
raw-ct-
ELLls eve“
MR JACOB FRANK@
5052 ELL-IS AV‘I
5L1 VERY
PRINCIPALS 'AND THEIR HOMES, IMPLICATED IN THE FRANKS MURDER
J
principals and their luxurious dwellings in the kidnapping and slaying‘ of Robert Franks. thirteemycar-old son of Jacob Franks.
Richard A. Loeb. a boyish genius of the universities of Chicago and Michigan and a son of the vice-president
The lat t ‘ Nathan E. Leopold. whose father is also a. Chicago millionaire. have confessed to the monstrous and horrible
es mothe the murderers have given for their crime was for the thrill of it.
Robert Franks was on his way from school to his home (above).
one of most pretentious on Chicago's south side, when be dis-
appeared.
1.3%.”
A»
M‘.
i F
CITY
F/PA N/c@
ALIS K
CITY ’
DELIVE
handwriting. Police any
letter.
The beautiful home (above) of Albert M. Loeb. millionaire father
«of Richard Loch, one of the confessed slayers of Robert. Franks.’
Mg...“ -_.. .
A—
for the salaries of the commission-.
ers.
Question: Who is the chairman
of the Federal Commission of Fine
Arts in Washington?
Answer: Mr. Charles Moore. who
came to Washington with Senator
McMillan. of Detroit. Senator Mc-
Millan was chairnlan‘of the District
of Columbia. committee. He had
much to do with the development of
Washington. In this way Mr. Moore
became head of the Fine Arts com-
mission which has much to do with
the artistic development of “'35 -
ington. The commission was ap-
pointed by President Taft in 1910.
(Copyright 1924)
Billboards Are Disappearing
(Meriden Journal)
We not with a. growing satisfac-
tion. considering our years of earn-
est campaigning that the billboard
is becoming less and less popular in
this state as the years roll by and
the cumulative’preaching against
them by newspapers like. The Jour-
nal is bearing fruit. The Falrfield
Garden Club. one of the most active
women's organizations in this com-
monwealth, has been one of the moat
ing in various ways and they are
doing much more than has been
done anywhere else.
We need more such cluln as this
Fairfield society. which is trying to
live up to its name. Ve want slush
efforts in Hartford county, in Kew
Haven and in Middlesex mid with
such public support behind the move-
ment that every penny hunting pro—
perty owner who permit! the ~ugly
signs to be erected on his~iand will
be ashamed into a. sense of decency.
We want persistent efforts by cham-
bers oi? commerce. compelling-ep-
peais by women’s clubs and civic or-
ganizations. so that' in the nd the
billboard will be driven f m the
highway in this state.
If a state wide movement will re-
sult from this effort it will call the
attention of the natitmal advertisers
who use these boards to the opposi-
tion in Connecticut and in a short
time We shall have their support. if
these advertisers felt that public
opinion in Connecticut was against
these boards they would soon give up
this annoying form of attracting at-
tention. ,
PURSE—LOST syn room). h
Edward Lockwood found a pocket-
or“
Jacob Franks. mother oi"
siain Chicago boy.
Mrs.
Nathan Leopold Jr. 1
i
BROOKHART lS
RENOMINATED
BY lOWA 6.0. P.
Majority of Senate
Over Burton E.
Sweet Expected to
Reach 25,000
DES MOINES. Iowa. June 4.5m-
ator Smith W. Brookhart was re-
nominated by Iowa Republicans in
Monday's primary. in the opinion of
a. majority of political observers.
who to-day based their assertion on
returns from two-thirds of the State
in which the Senator had a lead over
Burton E. Sweet of approximately
12.000.
Brookhart headquarters at noon
issued a statement declaring that the
Senator’s majority would be at least
26.000. His increase over Sweet was
continuing rapidly as cduntry re-
turns wero received. More than sev-
enty counties were claimed for
Brookhart.
.Figures from 1.653 precints out of
2.412 gave Brookhart. 141.732; Sweet
129,126.
The Gubernatorial contest appar-
‘ently had failed to result in a horn.
inatlon. although four of the can-
didates had approached the thirty-
five per cent requirement.
Reports from 1,173 precincts re-
vealed little change in the standing
of the four leading candidates for
the Republican Gubernatorial nom-
ination.
John Hammill. Lieutenant Gover-
nor was maintaining his small lead
over-A. J. BUrbank, with Glenn C.
Haynes. State Auditor. and J. W.
Anderson. Speaker of the Iowa
House. in third and fourth places
respectively.
The scattered returns on the Con-_
grossional races revealed only one
upset for incumbents asking renom.
lnatlon. That was in the Second Dis-
trict, where F. D. Letts had taken a.
lead over Congressman Harry E.
Hull.
Congressman Boles of the Elev-
enth. and Congressman Dowell, of
the Seventh,‘ maintained a lead from
the start.
“The Burbang strength. said to re-
esent the Ku Klux Klan vote, was
fimewhat of a surprise to other
Gubernatorial candidates and came
from country precints as ,well as the
larger ’ cities.
'President Coolidge has accepted it;
, the United States with members of
The World Court
“'ASHINGTON. D.
much misunderstanding
ing the world court question.
covenant of tht- ll‘uguu of nations
(Article 14) suits-m "The council
(of the league) shall formulate and
submit to the lllcilllit‘ls of the
league for adoption. plans for the
establishment of a permanent. court
C.—’1‘liere is
surround-
’l‘lie 1
of international Justice. The. court
shall be comin-tt‘nt to hear and dc-
lc‘rmine any dispute of am internz‘h
tionzil charactcr which illC parties
thereto submit to it. The court may
also give an advisory opinion upon
any dispute or question referred to
it by the council or assembly."
h'i‘e United States Senate reject-
ed the- covoncnl. as all know. and
thereby refused to recognize the
league of nations' court of interna-
tional justice.
In 1020 an overwhelming majority
of the American voters intlorsed this
position of the Senate.
Many good and patriotic people or
both leading political parties still
favor the entrance of the United
States into‘ the league of nations;
but the fact remains that the league
has been rejected, and this fact
might just as well be accepted by
bob: the United States and Europe.
and in a message to Congress and
a public address later. has stated
that.-so far as the United States is
concerned, it is a. closed incident.
There remains the question: Shall
the United States accept the "pro-
tocol" or plan of the league's court
and. become an adherent to its pro-
cedure and decisions?
In December, 1920, a. commission
appointed by the league formulated
a. plan for a permanent international
court of justice. Mr. Elihu Root
was the most conspicuous architect
of the plan.
On his western tour. President
Harding stated he favored accept-
ance of the international court with
certain amendments or reservations.
divorcing the court from the league
of nations and making the court
separate and apart from the'league.
February 2t. 1923. President
Harding transmitted a message to
the United States Senate accom-
panying a statement of Mr. Hughes‘
position and recommending en-
trance into the World court with
reservations. In his message to
Congress December 6. 1923. Presi-
dent Coolidge made the same recom-
mendation.
The so-called Hughes reservations
are: (1) ’No legal relations to the
league of nations or the assumption
of any obligations by the United
States: (2) ,Equal participation by
and ,usembly in the
the council
: a 'U. ,,
Mr. Hughes is of the opinion that
"none of these proxislons (of the
statute creating the court) save
those for the election of judges. are
of a character which would create
any difficulty in the. support of the
'court by the L'nlted States. despite
its non‘membership in the league."
Mr. liughes 533s: "In order to
avoid any question that adherence
to the. protocol and acceptance 0
the statute of the court p'ould in~
volve any legal relation 0:1 the part
of the l'nited Stairs to the leaguc
of nations or the assumption of any
obligation by the. United States un-
der the covenant of the league of
nations. it would be appropriate to
have the point distinctly reserved."
llnck of this permanent court of
international justice are two Hague
pence conferences—that of 1599 and
1007. In signing these conventions
it was specifically stipulated that
nothing in the agreements should
be construed as to require the Unit-
ed States to depart from its tradi-
tionnl policy of keeping aloof from
foreign politics or relinquishing con-
trol over American questions. The
purpose of both the gue confer-
cnces was to settle b arbitration
international questions that could
not be settled by diplomacy: thus.
it possible, to avoid war. It was ex-
pected that an international court
would be evolved. but the World
war prevented.
Recently xetensive hearings on
tho Hughes plan were held before
the Senate Committee on Foreign
Affairs. Many witnesses (nearly all
in favor not only of the court but
of the league) gave'their View! in
detail. Many were educators and
ministers. It was claimed by the
advocates of the league court that
the judges are elected by the mem-
bers of mercuric“ and assembly.
not as members of the lettue but
as a sort of electoral commiaion or
college.
One witness said: "We are pro-
pared to accept the world court
with all itl amliatlons. 311811“?
doubtful thor'igh. some of them are."
One witness called attention to
the belief that the league obno-
tlons failed in the Italy-Greece-Cor-
in dispute. yet believed the United
States should accept the world
court.
Senator Pepper. chairmanof the
subcommittee. developed the fact
that the real question is not wheth-
or we should join a world court or
not. but whether the Jud‘el‘ lht“
be elected by the council and as-
sembly of the league or by an inde-
pendent systcm. .
Mr. Edgar Wellman, "presume
the American Federation of labor.
said: . “Gentlemen say that the
court‘is a side door or back door
1" Mr. Chandler I’. Anderson and sim-
mcan entering the league of nations.
but I think no shall not stop in de-
veloping after “‘3 have taken the
first step."
Early in May. 1924, Scnator Lodge
presented to the Senate “a plan by
which the United States may co-op—
crate with other nations to achieve
and preserve the peace of the
world." This plan is proposed by
ply presented by Senator Lodge.
There are other plans also.
Senator Lodge has been unjustly
criticized by some of the promoters
of the league. of nations and the
world court because he presented
Mr. Anderson's plan. _ it provides
that a third Hague peace confer-
ence be called by the President. tor
the purpose of transforming the
Hague peace organization. still in
existence .into a world court of in-
’ternational justice. and to define
justiciable auestlons and'unjustin-
able wars. and to declare the latter
international crimes.
'In all probability some interns»:
tional association or world court.Y
will be devised by the Senate and:
submitted to Congress and the peo-‘:
ple: but it will be wholly outsich
the league of nations if it is to ”T
ceive the indorsement of a minority.
of the American people. 3
The amended plan reported to the
Senate is the Pepper plan. divorcing
the court from the league. preserv-
ing the principles of the present
court. the Hughes reservations. and
recommending a. third Hague con-
ference to further consider interns-
tional law. The Lodge or Anderson
been withdrawn.
It is not likely that the proposed
Pepper compromise plan will re-
ceiVe attention from this Congreu.
Question: When was the Railroad
Labor Board established?
Answer: In the transportation
act of 1920. March. 1020. Since then
the board has held before it about
1,3,000 disputes. It has decided about
10,500. There are nine members of
the board. each drawing a salary of
310.000. The “untied annual ex-
penditures are about $215,000. There
are several bills before Gangrene to
abolish the board; why. appears in
the debatee.
Question: was: doel it but the
government to heat the public
buildings in Washington?
cost! about 311.000 a year to heat
the executive new In alone.
Question How much prom
has the Alien Prom W
in his charge g
m On January '1'. It“.
about enemas».
effective advocates of the effort to
eliminate the blots on the landscape
that descrate the beauties
roadside throughout
There are
Fairfield county that are co-operat—
plan onersd by Senator Lodge has-
m About “00,000 a year. It ‘
book'contsining a sum of money and
papers in Westport avenue Monday.
The pocketbook was turned over to
the police and later claimed by
Harold Richardson. of 4 Shipped
avenue, Stamford. ‘
‘ of the
Connecticut.
other organizations in
v
HOWLAND"
4'39
. Pyralin
Start-a-set sale
A genuine Pyralin comb to match each hairl'brusll'
giVen away. I .
“That could be more appropriate than a set of ex-
quisite Pyralin, America’s most popular toilet ware?
For school. graduates, for June brides, for annivmrsary
times, for friends on birthday occasions—the dainty
beauty of Pyralin is dear to the heart of many women,
This week we ofier a genuine trade markedPyi-alin
comb. free to match each Pyralin hair brush you buy.
Come in today arid let us show you the extensive variety
of raceful designs. Other Pyralin articles, too, for'every
to. cite use. Brushes are priced at $2.50, $4.25 and $4.75
in the Plain, and $4.75 and $6.75 in the Du Barrymattcrn,
Main floor, left. J
Men! have your
A Name—0n stationary
7" We ’ve sold many, many boxes of Name-on stationery
to thepwomen folks and now we are able to ofier a real
mm sized letter paper—a two fold sheet and the large
aim envelopes that men like—your name and address on
bog—100 sheets of paper and 100 envelopes to match for
$1 . ,
Let us have your orders.
Main door, rear.
Gypsy bovvs
are attraCtive 6-?”
These prettycrest‘ions are made from five 'diflerent
shades of ribbon bowed up with short loops and long
ands. Either satin or gro grain ribbon is used. We shall
be glad to make the bows for you. They are quitewfiec-
live on summer gowns. The width, of ribbon required
sells at 10c and. 15c yd. . ~ . “a. ..
p Main door. left front. {5' A
a M—
n 4
.fi 1'
I
The charm of, . ‘-
”"silk or W001
The seasons change qluickly and the modes change 1
with themht‘hreepo styeof today is inthediscardto— '
Borrow. V are some of‘the more popular silks for to-
, g V : «self checker larger stripe for
11" ';w10gt‘ y ., . ta 3%.-
7 {chronicle $1.65”. '
king” ‘5. vrfdo-mwiflsflyd. ff” ,
,g. It}: apt-4' W flannels rule the favorite
.r. . , Jackets and knickers with
inmany other pretty
v ”I,“
ie’
I '.,"
“ fit-Elihu
r J“:
. .‘
el l
.H H.“ DIV... ; ‘ I
.l..l"0if'
"Hawaii: :i -;u
e
I l
3DieinTrainW
WORCESTER. Mass.
Three engincmcn were 1:311
the locomotive drawing ”W’
train No. 51k known as the
cum-(is on the Benton and
railroad. left the track and
a 20 foot embankment Jul:
was entering the railroad yam
late yesterday. ‘
suffered cuts and bruises and
shaken up but none was
injured. o
The dead:
Circular avenue.
Edsel Taylor. Maiden. 'nrcm ,
“'iliiam Staples. 49 Royal Street,
lston_ the cngineman. ‘
A dragging brake rod 1
tender of the locamotive. it
lieved by
caused 1he wreck.
investigation would be man
once. but until the equipment:
rails had been examined no on
statement would be issued. .. ,;
Miss Helen M. Cart-oil. dang”
of Mr. and Mrs. Patrick “CarrolL,
38 Spring Hill avenue. was grid” .
ed last, night as a nurse .Mm ‘
Raphael's
A number of local people litter;
the graduation excreiect
At Worcester.
In
Scores of
:1.»
n
“'illin m R.
Nancie.
railroad men. may
OW in!
.14
Hospital in New ‘Ea
I
3
insist upon
“my“. ‘ '
For Sale by Stimson-Powell.
PATENIHMDE MARKS
PATENT ATTORNEY:
Phone Barnum m '
A
Brass‘eres, Underwear
a'r MODERATE earths
Heavy Sole
TENNIS SHOES
_ '“’$1.49 _
'9 An Unusual Valuef- ‘
_ d
Keeler’s 5. g
' SHOE STORE W
Opposite Rialto Theatre
ROOMS, smou: on s n.
PRIVATE DINING Rabat
WAYSIDE mill?
I!" DESIRED 3
a "'
'Excellent Cuisine
Dancing Every Evening *
BOSTON POST ROAD
South Norwalk. Conn.”-
Tickets 500
Tickets for sale at unannou-
Prospect Hill, Nowell:
SATHRDAY, JUNE 3
ar e P. M. AND 3:» P.“
Tax
Monday.
Furniture & Low .7
H. s. LANDSMAEN
'AND SON .f'
The Home of Fine
14.15 wan. sum
noawaxx. coin: é '
at
ring.
Norwalk Chronicler