_fundamc ntai
' similar clowning influence could be
“he.
JOur lands. our climate. our wealth.
includes. our increasing consuming
ness conditions in this country.
Therefore it has bm: mne
of System to publish h
man.
editors
port as it does this 39.11. ‘wl
is something that. does in»! con
1. esources."
January of 1924.
intervening 12 months.
later. looking forward into 1925. El-
bert H. Gary. chairman of the board
of the United States Stee
tion. in an interview, sai
been truly called an optimist-
does not mean that I believe in shut-
ting my eyes to circumstances which
may harmfully aicht business and
life. instead oi? preparing to meet.
them, but that, setting of! the good
factors against the had. the balance
is generally in favor of the good.
The bad factors must merely be 91%
dured fer a. n bile; they will be cured
in time.
"Business is not always best when
it seems to be, nor worst when ever}
one says it is bad. During a. period
said to be good. prices may become
inflated. 111211 the result that pros-
perity may be checked. On the
other hand. in :1 period of apparent
depression, )1 may be that prices are
settling to a firmer. dependable basis
which will permit prudent commit-
,ments for the future. Stability of
prices is s condition which in large
degree c'mtributr-s to steady. pro-
fitable busumss. Only with stability
'assurcd can men plan coni'idcntiy for
. the future.
"I have
"W'itli the political campaign
behind us and prospect. for sane
legislation. and with sound coo-
nomic conditions prevailing
throughout the country. .1 believe
there is excellent basis [or the ex-
pectatiOn of good business in the
figure one nine two tive."-——Atto
H. Falk. r-rr-Slde-nl. Ailio-Chslm-
ers Manufacturing Company.
”The busmtssl policy of our cor—
pomtlon for many years has been
one of restrained optimism. “'e be-
lieve in normal devclopmrni. neither
ahead of nor behind the growth of
the country. and i: roping well within
corporate renounce “e do not be-
lieve in being; the first to raise prices
not the firt in iodine them. but
rather to look inr ahead and never
to be swayed by purely temporary
conditions. For installer, last, year
we could have incrcnsed our Volume
for the lime being. if we had made
prices low enough. But. that would
have Lem. in my judgment. the
worst possible preccduro. because it
would have been only an opportunist
measure. otlnr steel companies
would perhaps have followed the
same cmu-sc and ihc rcsult would
have lmcu scriuus risk for tho future.
It is 1511- .‘Lil_\, piogxesslxo production
Whll.‘ h pubs in ihe end And I think
that ._ri'llt ipie will hold two in every
kind 1‘ bunlncss. it is elemental and
"Indeed, it might well be that if n.
mtroduccid dand foilowml throughout
business generally we should have in
this country. cxccpt when an abhor.
mai factor, a war, for instance. in-
tervcned. continuous satisfying pros-
perity, such as our rcsources so am-
ply justify.
“I agree with Judge Gary's
positive outlook. 1925 should be
fairly sound. substantial year
with increased business not over-
done.” —Ernest H. Trigs. vice-
president, Joiln Lucns Company.
C
“These resources are matchiess
our productive and transportation
desire and capacity. all unite to ef-
tect prosperity. They and many
» Probably business men generally'watch mar?
Gary’ 5 views on the outlook than they do ihose o
Corpora—
This
1'? Annual Presentation of His Views —— Recog-
nized as of Great 1111130rt—
Great Business Prospérlty,” He Declares -—
“This Country Great and Strong”
, ' (Reprinfed from System, the Magazine of Business)
Here is a. size-up of the year ahead from a man who heads
a business—and it happens to be the largest corporation in the
world—that has been putting money into slo'w' assets at the rate
of $5, 000, 000 a month on the strength of its decision about busi~ I
keenly Judge
any other one
.1 lmost an annual custom‘ with the
is opinion of business conditions.
But seldom has it containml a New point of such great 1111. g
\\ lint Judge Gary now secs ahead
in ('VCl'y year, vet which when it
does come alfects every business in ihe countr).
“There “ill be success for those
who proceed with good Judgment and
’pr‘udence. extending and progressing
aret’uliy Within the limits of their
That was the conclud-
ng sentence of ilm irvicnluv with
udge Gary printed in System for
It has been proved
sound by the business record of the
Now. a. year
thought nnd wisdom.
"Tho year 1924 has not been one
of general prosperity in all induo.
tries; there has. been steady. it slow.
improvementduring the last six
months. This grew considerably
sirongcr with the. more favorable
Prop reports and the lorgcr values
to the farmers. The confidence of
business men was strengthened in
putting the Dawes Plan into effect
and- by the striking success of the
Grrman innn. made under its terms.
Herc at home any fear of illnrivised
political o'.\lH rimcni’s being tricd n :11:
quictcul in.- the reclcciion or I'i‘vsl-
.lnnr (“nullqlgrg Money ls.1ilv~1iiiful.
mics nrc low. and the inlici‘lnable
but Hour. 1110 less essential thing
c'illul business conflrlcnce has now
rill: 1-11 «1 “8. hau- dcfinilely turned
llll‘ (01"‘lil'
‘tlt la? 1-miicuiuriy gratifying and
significant that new business has
lmcn accumulating naturally. There
has been no artificial stimulant such
as inflation. “‘0 have not had on
acute shortage of materials for do-
mestic requirements. as was the case
after the war when. in 1919, for in-
stance, tile country was trying hur—
riedly to replenish the warehouse
stocks. depleted throuzh the diver-
“on or so much production to war
purposes \K‘c inn: pzissrd that. peri-
oil and arc now cncacmi in ihc pro~
ccsx of meeting unlim'iry require.
meme. The
the rennin h is incicaSsd so greatly
:since the nor pcriod that, although
«our produrtlxc capacity enlarged
during Hm unr_ has not for
time engagcd to its limit, it. is
11C-
imum rate. The Steel
increasing demand that it‘ has been
in enlarging its incliitir-s.
"I have never seen a time when
so many kncwn factors favored
good limos. The people of the
United Flutes have easy money:
they have elected a, sane govcrn-
merit: and ihcy have increasing
buying power exidtnccd by high
prices for inrm products. it is
time for America. to keep 118 shll‘t
on bur take its coat off. and no
to work."--—.i, T. Hush, president,
Bush 'l'I'l'illlllill ifompnny.
“The consumplm capacity of
America is undo'ulitmliv grcatcr than
over before. chl in the history at
'the world has any country had such
an opportunity for advancement as
the United at: Ilcs posses 31151. at this
time. The funddminidls are here.
the foundation has been laid. It is up
to us, the people to do our part.
"And it is particularly fortunate
that 'We have :1 government which
will do much to hcip and nothing to
hinder our economic and social dc-
veiopmeni. The extraordinary ms-
.iority given for President Coolidge
is striking evidence that. the great
mass of the people want tho kind of
govemment which will bring gener-
al prosper-Ry and that they do not
sanction unwarranted attacks on
business. That majority vote was the
vote of the pbopio and was too great
to be of any clue. President Coo-
lidge has been a. steadying tome and
a. living Example for good beyond
that of any single person since the
time of Lincoln. He has been dis-
creet. unselfish calm. dignified pai-
tlent. and wise. With no feeling of
enmity toward those who'have been
harsh and sometimes cruel in their-~-
criticisms. he has pursued a con-
sistent course of propriety and fair;
ness, with an eye single to the hap-
more combine to make this n. counv
;
The: Useful G1ft
SHOES —- SLIPPERS— ARCTICS
' For Children, Girls, Boys, Men and Women.
" range of prices to suit every purse. , f --
piness. comfort. and prosperity at
“1 Wk for
,—
iry of over-increasing opportunity
for any pm who will use fore-'
normal consumption of'
501110 .
coming gradually more fully econ-7
pied and I expect. that very shortly-1
we shall be operating at. our mesh,
Porporntion l
I has been so enihclx confident of 1m.
expending about :5 0011.000 a. month ‘
'ccnily snd'fricndly toward our com-
‘aoc the citizen plus those of business
to expand abnormally.
quantity and price.
as injurious now 01', in the future In
it like 'provcd to be in the'past.
Prices- unreasonably high or unduly
low are equilly. harmful. because
they make for instability; Neverthe—
less. the purchaser-his the right in
every “zoned: 'wsy to secure .-
primal-Jib ”oi-p; on the «listing
the right in: hiya-9' home-t mam
note-11; re‘uonsb
The new fleet of ocean
Iorccmcnt ofliciels fighting the
uncle-1v high- speed boats
all the people and the glory of hi:-
country. .
liquor pirates in the belief of the oficiels.
of Capt. Randolph Ridgcly Jr..
“Busincss will show a grmlmxl“
lmprow-nr-ni, for the first. six
months of 19:5. but i am fearful
of ovcrcdniitiuncc. Business con-
ditions are now inndnmeumliy
sound."-—-l-:. J. Beers. president,
legal Shoe Company.
"Lincoln said all the people can-
not be fooled all the 11mm1’resldenv
Coolidge has not attempted to fool.
any of 111‘.- pcopln. .nv of the tim-
\\‘hnt he says :11-1 «lows hereafter it ill
bu 2101111ch by tho people “till 1- -
31.1mm. inn-nus: illry lmnv t'OllllIi"~l1rt
in him.
"TliVW' I): ,1, ”HM thin: {131 t"'l:~1‘
prnqu rl'\ , 'l'sW- «‘1 ~ 1:11:1116111 yum!
1w1~ll_\ 'ln 1.. . - my}, \ll n! 11
1111:“! l M 1 ,4 . ‘2 v ~
tug-3 [1314 - . -i 5' 1’ ‘
ill" 1, 11: .. i i
“1.31“, .. .. . . ' ‘ »-..i ‘1...11
llun-~ I-l '. ;' l» l " ~in .H'w
"1-3.2. Mr H- ‘91 h. 1.1“"?!
rnnv-"t'mn ":14 :'l§:'i'i'-' 11411.21
gu'r sq»: in. :l .11.. . uni ;~~lll:‘n-11..
l‘i‘vsiti- m l'111,lll1:!‘,4 i111» l'.1\ 01rd
. plumper”). Mr all. “ilhnul diminu-
;liou or viifl'r‘rcnrr, hum! solely on
incrii. 11 is lu‘cnusc of this qualifi-
cation the pcupin trust him; and
what. 11 11111301113: of the people de-
cide. our lawmakers will support.
'l‘hcret‘o‘ro‘n'rz may rr‘nsormlvly expect
justice in legislation.
"Howmhnll we use the opportun-
itlcsjhere‘todsi". 111 abundant mess.
um and unhamprrcd 1‘ How can we
obtain the most suilrffli‘lor)‘ results?
By simplc. sirnighilnrward fairness.
it every one of us “ho has anything
to soil will persistently deal with
others fairly, we shall receive our
Just doscris. if we charge only
reasonable prices, taking into ac-
count. the amount of investment.
risk of business. vicissitudes of irmiv
depreciation and upkeep; 1rcnt our
employees with liberal propriety
and ncknowlcdgcd standards of hu-
manity; conserve the tercsln of
our stockholders or ow rs: act. do.
pelitors: carefully consider. the dr-
umnds of public sentiment. and
ways obcv the laws or thc land .12:
they hsvo‘ teen made knosn—4heu
we may expect to prosper and to
receive whath our due.
“Thu! formula. is not new. and i:
is notcomplrx nor limited in its
application. Any one can grasp “5
meaning and any one can practice
it In short. it is time {or cvcrv
of our existence political. social. i'l-
nnnciai. commercial indlistrinl. or
oducstlonnl- ioiconside‘r unselfishiy
and fairly the interests of- all others
with the desire and intention of
benefiting the whole: We need and
must endeavor to bring about. more
unity of purpose and action. less
discord. higher standards, more
honesty. more work. more energy,
more- charity. more "conciliation.
more self -‘deniul. The man in busi-
ness has even more responsibility as
a. business man than he has as a
(11112011: for. 1 cgardi'css of on: size of
his strains. he has oil the ohilgnitlons
Btate'smanshlp'.
. "Possibly business ring I). inducs'd
both as to
This would be
:1i~.
single lntercst in every department.
. distributing through their natural
, the others of the World added to-
‘ Our wealth is; ltd 6115.: and on-
pordinltids ere 1101:1112!th
"whippeis."
rum runner:
and
placed in commission by the government prohibition en
along the Atlantic seaboard, will spell the doom of flu
Photos show some ships of the new Best under comment
and Gunner 1 Male James Binckley It one of the machinc guns on
l " 'l'ou are just as much interested.
:v. itch you in turn become the seller.
gm niailflnlliiv fair and reasonable
:prii'r-i‘ 11s is the man or'tho institu-
alion from which, you purchasc.‘ No
gone can for long continue to buy at
a low and incl! at a. high price. U11-
lose all parties benefit. business soon
comes to an end.
"i do not object. to governmental
lconirol or supervision in the public
inn-rest. which prevents the producer
{from imposing upon the consumer.
, provided it be in the hands of an im-
partial. competent authority. unpre~
gluon-ad. unsclflsh. and representing
uh: government. itself.
.1 "it has been asked whether re-
i—umpiion of productive nctlviiy
will bring goods into our
i
‘ abroad
i is than our production costs and
\ ll" lxcr our manufacturers will
limlclw be injurcri. if an arrange
‘ ' a 1‘11! Shall be entered inlo by Flcnch
~ . ill l German manufacturers by “hit i1
‘tlm Lorraine ore and the Ruhr coal
“in he brought together as they
xivm when Germany possessed the
“hole 1mriionzthe European pro-
«lu'lion of steel will be considerably
augmented. Lndoubtcdly the n:-
sumplion of production in Europe
on a. large scale would everywhere
melee competition keencr then It has
been.
"At the request of the late Herr
rstlnni‘fl. I met him in Rome in 1923
to discuss these. mailer; and lie sut-
m-stcd cuilinx 11. world conference of
stool-makers to bring about n'morc
orderly dlsirihutldh of like! through-
out the world. It. might be of great
benefit 10 have such a contcrcncc
for the principle of live and M live
is as important between nations in
the export market a; it is bclwccn
corporations in the home trade.
lulliicss competition hurts nanny
and helps none. It several coun-
trics imvc approximnlciy tlm same
costs of production. then attempts
in under-soil one another in tho
sumo market only serve to \vmlmn
those induslrics and to
ilwir power to scram either 111 hom"
or abroad. No matter “hot 1cm-
pomry advuntnge may he sought by
lic- realized
less than cost are rarely made up
i told llcrr Sliunes that xvi bile ilu'
advantage of n Wolid conferences
“(r0 not to be overlooked the limo
had not sci. arrived for one to bc
[1 nsible.
"i agree “in: Judge Gui-1‘s
forecast that fundamental candl-
tlons org favor-Able for 1925. 1
look for modrrnic business 1111-,
provcmcnt m'xt 3*cnr."-~ucorgo
Ensimrm, Eastman Kodak Com-
puny. .
"But it. is not out‘bf tho'qumion
that at some iime world marketq
may be allocated to tho producers
of those countries which run 1105'
serve them. A pollcy.of cooperation
in world tmtiewouid not only rc~
move. one of the: large Jnngcrs or.
war'but would be of advantage to’
all oples because it would help
main am a. world stability of prices.
The same general thought. .may be
advanced as to other commodities.
but in the meantime our domestic
mnrkots- can be preserved by a. Ju l-
cious epplication . of the tel-11f. ‘ 'l'h to
is such a. vast. amount of work to be
done in every country. of the “and
that there need be no fear of a lack
of demand. If any difficulties
should arise. which I~do not expect.
sis n result of; several: nations fry-
in: for the ”.1110 market. instead of
mnrkebrl think we are rully caps-
bio of holding our own.~ Our home
docket. is probably-"greater than all
seiner.
, “,This country. neut'end strong
than ever
.mmnv in considerable quantity q;
diminish ’
price-culling. tho adxnniage will not ,
The losscs of selling .11
Gas 011 Stomach
m on the stomach u‘rd won? nirvan-
And short of breath.
LOAN CO. CASES
MAY BE HEARD-
lN COURT TODAY
Growing Out of
Stamford Thefts Will
Come Up
BRIMEPURT. Dru... 19. (Special
120 The Sentinclim—VinM option will
probably be 1.1km in the Superior
(‘ourt in Bridgeport today in the
cases or Miss Tuna Sinmaun and
Howard (1. flai‘imtho ct Stamford.
i who are charged with being involv.
cd in the embezzlement of 832.120
rfrom the offices or the Beneficial
Donn Society, in that Clix. when
ihcy were employed as cashier and
assistant manager. respectively.
Two postponements lune been
mode in the case so far and from
iniormation obtainable last night
it in thought that an cdort to clear
up tho case as soon as possible so
that. other mailers that are pending
in the court may be disposed of be-
fore the close of the Deccmbcr term.
The disc ofxfihzlrics J. Pcknri. num-
agfir of 1h. Bridgeport branch of
the loan concern. has not been
brought to the Supcrior ("our-i, ol-
ihough it is vxpcciul that he will
hv brought to trial before the and
of the work.
Moist of the angles in the case.
which linolxrd the officcs in New
Haven, Stamford and this city. have
aluscn clcnrcd up and the cases. in-
.clndlng ilnl of \Ynllt'r M. Keller.
nulnngcr of the Stamford oi‘licc, who
v. as scnlcncvd by Judge “'iliiam M.
M:1iii;lc_to State's Prison for a term
or live your: on clinrscs of embezzle-
111.2111. . .
Those nlzo are scheduled to ap—
‘W‘ur in iii.» Suprrior Court during
Iiiw December term are Clmilcs .i.
l’cknri. former managcr of the ,
1 l-ridscport omcc; Roy. 11. Malcolm. !
former manager of the New llavcn f
1 office: Miss Tima Slaumun. {on-my.
; rnehlcr pf ilie Stamford office. and g
, Howard Mchth. i'ormcr assistant?
humane-r of :im office in Stamford. , i
Disposition or the came: before-
; the present term of the Superior
Court income so. ms likely as the'
cxldencc in all of tlic cases pending
against those involved in the thefts
which according to Keller, will
amount to $2,000,000 throughout the
state. has been prepared and will
the calling or the cases. quicker-lion i
can rcmiilvi he takcn in all of them. i
Takes Poison for {
Epsom Salts, Dies
NEW HAVE 1', Doc. Ills—Miami,»
ing a. poison for Epsom salts. “ii-
liam Patterson. 40.11cgro. took :1.
dose .and died yesterday as the 111311-
alty of the error
W .
POSTAL
WASHINGTON. Dec. 18. -- The
postal rue increase bill. proposed by
the Bostoftioe Department was in-
troduced in the House today by
Representative Pulse of Massachu-
setts. a. Republican. on the post of-
fice committee. It is similar to the
measure introduced in the Senate
yesterday by Senator Sterling.
Made Her Nervous. '
Cool: 11nd
For may mi; Hrs.
and- it‘
. 113m Messengers Will
‘ the present time are sent over the
in is necessary to keep open nil day
4113111 '8 o'chwk in the‘ morning. all
Inisht and until late afternoon on the
been nrrsngcd by each Pompany {o-- f
SULPHUR CLEARS
Believed That Charges
bBI‘PMIODL
should obtain a small Jar of Roules:
Mcniho-Sulphur
druxgist and use. it like cold cream
——Adv. -
Be on Duty to Deliver ,
Messiages 011 the
Holiday ‘ -
The rush of'Chriltmu has not hit :
the. Western Union or the Postal}
Telegraph Companies. People do |
not send the holiday greetings until I
l
l
i
the day before Christmas or on the
big day itself.
Messages at a. holiday nature :11
{vireo from the mnnufaciurers to;
their customers. Many messages are .
sent from one place to another. Mer-
chants 1nd business houses carryvon
much business. especially at this
time or year. by telegraph. \Vhen
goods are wanted on short notice
ielegrnph docs thou-ork lhat would
require a. day or two wrough the.
mails. l
Senders flock to the office in such
large numbers on l)ccemhcr 34. that
holiday. (:racilngs are flashing back
and forth over tho nirvs almost con—
tinuously during this time.
People “ho contemplate er riding
Christmas cheer messages by this
method would do well to have them
filed at the oflice now and they will
be sent in time for delivery Christ-
ma‘s day. E xtra. messenger boys “ill
be hired by both companies. as usual.
All messages within a reasonablr ,
distance. that is villain the city lim-
its. will be deliv cred rather then
sent. to the recipient by telephone.
A special cnhiegram service has .
the use of its patrons who wish to:
send greetings to Grcat Britain. lrc- '
land and Europe.
sail man 111
Apply Sulphur is Told “11m 30m
Skin links Om,
Any breaking out of the skin.
even fiery. itching eczema. can lu‘
quickly overcome by applying a lit-
tle Metallic—Sulphur, declares e noted
skin specialist. Because of its gcrm
destroying properties. this sulpuur
preparation begins at once to sooth.
irritated skin and heal eruptions
such as rash. pimples and ring
worm.
1.1. seldom falls to remove the 101--
meat and disfigurement-and you do
not have to wait for relic-f from em- .
Improvrmcnt quickiv:
shows. Sufferers from skin lroulflu'
{TORI anv
QC>C>§>€3~
Clothes for Christmas
— —-\
J'Olll‘
7 ll l"_\' 'l‘l'i
l'ofitl‘ll ll’\
.\-l‘“’ Olefin-.5 ‘1
Hill] Hum. “'11
“ r1” mail“ l‘lnil
ll"- l’imud l
l-loilirs .lx 11.an
\n‘“
\
ill and .1 Mb
p]l]ll\l|]§[‘\ (7“.
1
.-1':iii‘iirul1t.‘_.“hm
such w
“rind
“7.3..
$22.50
1.1L]! Ida:
Irmkllig
limb \ Silltx'i
llim 1m ”"th '5
"S llmf
FRANK JACOBY
- 12-14 No: Main Si.
Snilll’l an‘walll‘
The 11011!!! (if K111111191 1".flzii't:‘
MW AM”)
V‘Vrka FA"
THE E\ ENIIN VG SERTINPL'S
Needs
Now is the lime to abut. your
Ellis for Christmas (thing. “U-
have devoted months lo prepar—
ing ‘11 ('hrlsimns stock irom
“hich selections can Lt: m-uio
very quickly uhr‘ihcr your luv:-
gct is $5.00 or 331:“. Your gifts
are here at just the pricn 3am
want to pay. ”
INCREASE. ~'
Necklaces of all kinds. lovely
Iii-lass of Pearls at all prices.
also Necklaces at Crystal. Am-
ber. Jade and Onyx beada' Prices
or. surprisingly low for jewelry
of the quality we are showing.
1‘
'L.
, " If you want. ‘a. gift of which you
K may well be proud select n bonu-
' tiful Sliver Tea. Set, Vase. Platter
, or Compote. O'ur selections of
A‘- fine Sterling or plated ware has
.7, never been so complete.
I ' \
Storm): Silver. Ivory Amber or
can Toilet; Sets t” W much
What more appropriate gift N am :1 beautiful
Bulova Watch—the lasting lu- i 1le «it \\ luch Is
in keeping \11th the age-old Si illl llil :11 of the
Christmas spirit itself. .
Theexquisite beauty and l. ‘zlcci'nl designs. 0:
Bulova Watches lend charm to till 111111.19:
115 guaranteed accurmv makes it an
W1 ist.
A CHRISTMAS on 0111112111.
BUY iT NOW AND BUY 11 HERE
XMAS SUGGESTION
Whether Your
Christmas List Is
Long or Short
Norwaik’s Merchants
Can Take Care Of Your
indispensable and constant 1 mumninn
Benedict
Diumonds
l’or
l‘hristmas
But.» 1 11,122 «aid
l'ilicl 2’ . x j Calif: 10'
Furl l mu _mv::*.i
«27,30
:11 .......
i watch ;2 ovals];
fashlonullv. ,, cw Chi/1”!
White «I»! 1:2“ ri “Hm
beautlin'iy «r: . 1-. ”3
Fiiltfi‘fa. n: ur" .....
18»le Soil-i Whim 6:11.152;
' H 'a-vc; 11'.‘
rxquicltcl . . veil
J Bulma ll‘HU ,. ‘. il'grllf
watch that u-‘l'l ,r p .2 36(-
llmn ......
e ' 3,
Another Ema a trig?”
Case of 18441.. Hid 1-7
Gold. Beatltil’ui’y‘ waned. ‘50
'chel Buloxa 111019191!“ ~
iI'_ ‘ii i FAW‘
ALSO A SPLENDID ASSORTMENT OF WA
ING- IN PRICE FROMI 810 To $400.
Robert A. Benedict
.1! “LEE
Phone 2378
'22 WALL ST.
NORWALK .
‘2
\‘.
.“illl will 3
and ii)
Norwalk Chronicler