Search America's historic newspaper pages from 1789-1922 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the
National Endowment for the Humanities and the Library of Congress. external link Learn more
Image provided by: University of Illinois at Urbana-Champaign Library, Urbana, IL
Newspaper Page Text
i j t'sSwh.w
HENRY FORD RUNS
IN THE WORLD
AUSTIN LAND OWNERS
KICK ON SALE OF LAND.
Entered as Second-Class Matter April 21, 1914, at the Postoffice sOT
unicago, in., under tne Act or Marca. 3, ixvt.
THE DAY BOOK
An Adless Newspaper, Daily Except Sunday
N. D. Cochran,- xq3gggg&v TeL Monroe 353.
Editor and Publisher. '" By Mail, Except in
500 South Peoria St. 398 Chicago, $3. a Year..
VOL. 3, NO. 230
Chicago, Saturday, June 27, 1914
BIG DRY GOODS SMASH EXPOSES
INEFFICIENCY OF BIG BUSINESS
Says Louis D. Brandeis, Expert on Big Business "It Is
No Evidence of Bad Business Conditions Or Tight ,
Money, Because Money Is Not Tight"
r (Is it true that bad business con
ditions in the country and tight
money were to blame for the big H.
B. Claflin dry goods failure in New
York. The Day Book asked Louis D.
Brandeis to explain what, in his opin
ionwere the reasons and he replied
BY LOUIS D. BRANDEIS,
America's Greatest Expert on
Washington, D. C, June 27. The
financial crash of .the 'H. B. Clafljn
Company, tie largest dry goodg-con-c
cern in the world, is simply a strik
ing instance in the mercantile world
of the same methods which wrecked
the New Haven in the railroad world.
It is an instance of the curse of
It is another illustration of the
failure of the Morgan methods of
In this instance we see John
Claflin, the friend and protege of
Morgan, gathering together all of
these great stores until the organiza
tion came to a clear state of ineffi
ciency. Itjs a sample of Morgan
iged jg.ddgjry-; awarnin&x)f what.fol-