New-York tribune. [volume], January 17, 1921, Page 7, Image 7

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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Items Reclassi?ied
In Federal Reserve
Weekly Summary
-
Condition of Banks Rev?ale1!
More Clearly*. Substantial
Liquidation of All Classe*
of Investments Reflected
fram Th? Tribuna'? Washington Bureau
WASHINGTON, Jan. 16.-?The Fed-?
<?rrd Reserve >ard has i sied the fo.
ment:
Substantial lation of all classe?
flf loans and investments, accompanied
by consid?rai ! reduction in borrow?
ings fro "? ?< lera! Reserve banks, also
large withdrawals cT government
?fends, are in [icated in the Federal R -
8e-v.' Board's statement of condition I
oc January 7 of S-S member banks in
?boding ci i i This statement con-{
? changes in items to ahi.*h :
??Mention directed. Item "Bonds to
Se:ur?- Circu'.ation," which continues
practically \\i-.:*out change from week
to week at approx mately 27.? millions,
hts bc-en c ?nsol dated with it<nn
"United States Toads Including Liber- |
ty Bonds"; item "Loans Secured, by
United States War Obligations" has
been changed to "Loans Secured by ?
{Jaited States Government Obliga-1
tiens," ami ;tem "All Other Loans and
Investments" has been subdivided
Alder two captons: "A.I Other Loans!
tnd Discounts" and "Other Bonds,
Sucks and Securities."
Condi tit n Shown Clearly
This segregation maltes it possible to !
show for the first time the total loans i
trd discounts of reporting member!
banks, also to approximate more c'.ose-!
\t tte am? unt of commercial loans held '?
by these bur.'-;-. Item "All Other Loans ;
an.i Discouli s," which i? composed
torsreo of commerciai loans, amounted i
on January 7 to O.'MI millions, makin-r
the total loans ana discounts 13,206
Billions, whi'e item "Other Bonds,
Stocks and Securities," also shown for
the first t:me. was 1,96.1 mil ions.
As stated above, all cla*ses of in- ?
yestments show declines for the week, ?
Iorhs secured by United States obliga- j
tiens by forty-one millions, loan* se?
cured by corporate stocks and bonds byj
i?Aty-five mi lions, Un'ted States bondu :
by thirty-three millions, Victory notes
by four million- and Treasury certifi I
cates by forty-four millions. New
y.-rk City bnnks I'kewise show reduc- I
tier? for all classes of loans and in- '
vestments, the decrease in total loans '
tnd investments being 180 millions for)
all reporting banks a*-d ninety-two
millicr-s for New York City members.
Reduction in Accommodation
Accommodation of reporting ?at-mber
banks at Federal Reserve banks shows i
a reduction for the week from 2.098 t
3,020 millions or from 12.5 to 12.1 per j
cent of the barks' total loans and in?
vestments. For the New York City |
banks total accommodation at the ?
loca' Reserve bank shows an increase
for the week from 766 to 7SS millions,
while the ratio o." ace -mniodption in?
creased from 13.6 to 14.3 per cent.
Government deposit? chow a decrease
of 144 millions for the week, while
the decrease in other demand deposits
(net) was or.iy four rai.lions. and time
deposits show ar. incense of CG mil?
lions. At the New York City banks
government denosits declined by 71
millions and other demand deposits by)
53 millions, while time deposits show !
a gain of 11 millions.
In keeping with the small change in
dem?.nd deposits, the barks' reserve [
ba.ancos Bhow but ;?? nominal decir.?- !
for the week. For U:e New York City {
bank3, which show a considerable de- i
cline in demand deposits, a decrease of j
16 millions in reserves .s shown. C'a.ih i
in vault, as the result of the continued i
return flow of ctirreney, shows an in- j
crease of 34 millions fur a.l reporting
banks and of 10 millions for the New I
York City banks.
Thibaud I? Concert Soloist]
At the ornia concert at the Metro-;
pohtan last ni-jht. Jacques Thib..u? j
-vas the pr; ? pa soloist. He gave an ;
exceptional performance - f ?aint-Saens ?
violin concerto ?n B minor, followed by
Vifcuxterr.ps' "Serenite," Kreisler's ar
rangement of a Slavoi.ic dance by
Dvorak, and his own arrangements o !
a minuet caprice by Rode and a Span?
ish dance of tiranados.
Mabel Garrison sang the aria "tjr
voce poco fa," from "The Barber ol '
Swille," with "The Las. Hose of Sum- '
mer" for an e-core. Mulo Pico san,?* ?
"0 casto ';or." from Massenet's "Le R?
de Lahore," and the aria "Piff! Paff!'
ircrn ""The H iguenots," was given by
Jos? Hardones, who added Faur?'s " !???.?
R*meaux." Tne orchestra, under Giu
?erp" Bamboschek, p yed Nicolai'?
??mrture *o "The Merry Wives of Wine
Hot," Massenet's suite, "Les Krinnyes." |
with a violoncello so'o by Heinrich:
Warnke, and Tschaikow3ky's "Marche :
Slav."
MErmini?f"" Chorus Gives
Concert in the Biltmore,
The "I - chorus gave a con- ',
eert for several hundred friends at the i
BLtmore Il4tsl .a:t night, n which'
about a dozen artist? fr*3in that re- ,
?"r a ?' >le entertained w th a:
prepram ran - - operatic an-!
?torio :: to ba?lales and "blues."
a is evid? :? that B li ig. the com?
pany manager, ha:* engaged not a
eaort-3, but r?th?
i?r the support o; the happy "Erminie"
an !;.-.
'"..:* concert grew out et a seri?
??*"ia? ?-? .gun while the c im
R"J ?a a ? . . ., only thi ?
t?a? th-: ' ? ? ta nment was on a iarger ?
*ca:e. ?None o? the ; oang w men in the j
chorus were professionals pri^r to th; !
?L peaianee : : j
"Ermine" ".-as their first on the stair? [
Ex-Crown Prince Longs to Go
Back to Germany as a Farmer
THE HAGI'E. Jan. 16. ? Ex-Crown
Prince Freder ck William of Germany,
in an inter? ew eiven to the editor of &
German weekly published in the
Netherlands, gives the reasons why he
does no* return to Germany, why h s
wife tices not join him in his sojourn
at Wieringen and why he does not jo n
his father, the former German Em?
peror, at Doom. Frederick Will am also
eta forth his plans regarding the edu?
cation of his sons.
"Naturally, i would he glad to return
to Germany, an ! I would be happy if I
could devote myself to agriculture, par
ticularlj to horse breeding," the termer
Crown Prince is quoted as saying. "I
would rejo ce to associate with the
learned men at Breslau University and
retrain what I lost during the war and
at Wieringen. I would like to use what ?
little power I have to help build up the |
L'ataeiland, but that cannot be.
"My many fr ends in the Fatherland j
and road would see my hand in every |
deed which others might begin, but of
which l por'iap-? would know nothing
at all. Unrest would follow, and our |
poor Fatherland needs rest.
"Why does not my w:fc come here? j
Believe me, she would gladly do so. |
But there is no chahSe of such happi
?
South African Cabinet
Fights to Retain Power
All Republics in Union Agree to
Loyally Comply With i
Foreign Treaties _. I
CAPE TOWN, Union of South Africa j
,"an. 16 (Delaytdi.?Nomination ?ay for;
the coming election in fie Union of
South Africa developed considerable ex- j
citement to-day throughout the union,;
there being every indication from the
happenings of the day that the elec?
tion would be an exceedingly hard
fought one.
Both the South African-Unionist
coalition, the party of the present!
government, led by General Jan Chris?
tisn Smuts, and the Nationalist party. I
-which supports a policy of separation
"rom the British Empire, put up can- '
didates in almost every possible con?
stituency. A feature of the nomina- j
tions was the large number of three-;
cornered contests developing, in which ?
the Government party, the Nationalists i
and the Labor party are competing.
General Smuts, in his latest speech, i
expressed confidence that the govern?
ment wou;d secure a good working ?
majority, while the Nationalist leaders |
declare themselves confident of com?
ing back stronger than before.
Among the few candidates returned j
unopposed are John* Merriman, General !
ilertzog, Patrick Duncan, Tir David j
Harris and Deputy Speaker Eslward j
Booth. General Smuts and all the !
other Cabinet ministers, also most
of the leaders of the South African
party, are having contests.
? ,
Dramatists Criticized for
Not Upholding Actors
John Emerson, principal speaker at a
dinner- given by the Society of Art3 ;
and Sciences to the member!: of ti e j
Actors' Equity Association at the Bilt- j
more last ni?rht, criticized the Drama- !
tists' Guild of the Authors' League for I
refusing to join with the actcrs in )
"orcing an "Fquity shop." and praised j
rhe American Federation of Labor as !
"the only barrier that stands between j
the country and a revolutionary labor j
movement."
Mr. Emerson, who is pre'sident of j
the association, said he belonged to the
Dramatist:-' Guild, which he criticized ;
for a "holier-than-thou attitude toward ;
people who work with their hands." ,
tie said the dramatists had secured ;-. ;
more favorable contract from the man- i
a^erS, largely owing to the success of j
the actors' strike. He declared that he
had found cases of discrimination
igainst the Equity actors, including ;
the case of the Shuberts, whose expul?
sion from the Producing Managers' As?
sociation the actors had demanded.
Frank Gillmore, executive secretary
of the Equity Association, gave th'e ;
actors' version of the misunderstand- j
Inga that 'ed to the trouble with the \
Shubert theatrical 'interests. Frank '
Bacon also spoke.
De Wolf Hopper was toaatmaste?-,
and among the four hundred or more j
??ho attended the dinner were Laurett?
Taylor, Doris Keane, George Arliss, i
Xnita Loos, Hartley Manners and Hazel j
Dawn.
Emanuel Reicher Resigns
The resignation of Emanuel Reicher
aa producing dirertor of the Theater
Guild has been announced, and will be
received with regret by all who realize
-.? what extent the artistic excellence
o: the productions at the Garrick Thea?
tre have been due to his "experience,
.no-.vU dge and technical skill.
Mr Reicher has been identifica with
the development of the modern theatre
both in this country am' in Europe.
[is production of "The Weavers" at
the Garden Theater several years ago
lid much to stimulate interest in the
ndependent theater, at that time just
leginning to be a factor to be reckoned
.? ith.
The productions of the Jewish Art
Theater, at the Garden, were directed
Mr Reicher before he became pro
ucing director for the Theater Guild
-.st season. "Jane Clegg," "The Power
? Darkness" and "The Treasure" were
'i staged under the direction of Mr.
Reicher, as was also "The Dance of I
Laxativo
?romo -f^
rfffifie
tablais
Be cnrefui to avoid imitation*.
Be sure its Bromo
thij Bi-gnature C???
Price 30c.
vr^nrt^
w
?
ness and good luck, as we are gripped
in the vise of duty. She has the train?
ing of our children at heart and must
direct it. Our sons must learn to make
themselves useful commercially. Wil?
helm and Lula [the latter a pet name
for one of the sons'! are now going ?o
the gymnasium at Potsdam. The elder
one wants to become an expert farmer
and go later to an aerricuftural acad?
emy. Lula feels that he has the talent
for a mercantile career. He isplanning
a tour of the world in a German mer?
chant shin und to learn the modern lan?
guages. I have nothing against their
plans if they result in the boys becom?
ing useful men. They are studying
hard and have no time for amusements
or sport. They need a father's care,
too, but that cannot be.
"I cannot go to my parents at Doom.
Our opponents are continually trying
to put us in the position of being ready
to set the wqrld on fire, and if we were
together, then, in the eyes of our* op?
ponents, the overthrow of the world
would be a question of but a short
time.
"As for buying an estate in Holland,
where would I set the money, particu?
larly in view of the low rate of German
exchange?"
, Death," presented privately for the
? Guild members last May.
Mr. Reicher will continue hi3 asso?
ciation with the Guild as a member of
the advisory committee, to which he
was elected immediately upon his re?
tirement from active duty as director.
Federation of Central
American Nations Formed
SAN JOSE, Costa Rica, Jan. IG.?De?
cision to sign a convention creating a
federation of Central American Re?
publics has been reached by the Cen?
tral American Union Congress, in ses?
sion here. This step, which seemed
almost impossible because of opposi?
tion to Article 40, the most bitterly
debated section of the proposed treaty,
resulted from an agreement by all the
delegations. Article 40 stipulates that
each member nation of the federation
will continue loyally to comply with
the terms of treaties with foreign
governments, but that if extensions to
those treaties should imply new de?
marcations of territory a new Central
American Union conference will be
called to consider the changes pro?
posed.
Several reservations were added to
the text of Article 40 to meet objec?
tions from Nicaragua, and these reser?
vations have been accepted by the dele?
gates of other nations represented at
the congress. The Bryan-Chamorro
treaty between the United States and
Nicaragua was one of the principal
points at issue, and it was shown that
pact did not violate or infringe upon
tie rights of other Central American
nations.
Philharmonic Society Gives
Exclusive Wagner Program
"All seats sold" greeted those who
arrived late at the concert of the Phil?
harmonic Society at Carnegie JlalI yes?
terday afternoon. The program was
one entirely made up of excerpts from
the music dramas of Wagner, given
without the ce?peration of any soloist.
it included the overtures to "Lohen?
grin." "Tannh?user" and "The Mas
t"rsin?z?rs,'' March of the Kni*rhts from
"Parsifal," "Faust" Overture, intro?
duction to Act III of "Tannh?user"
and- of "Tristan and Isolde" and Wo
tan's Farewell from the "Valkyrie"?
music'enlisting the fullest enthusiasm
of Conductor Stransky, which was
heard with an equal warmth of appre?
ciation by the large audience.
"Zaza'* to Aid FrencJh Hospital
A special performance of "Zaza," in
which seme of the best known talent
in New York will participate, will be
given in the Metropolitan Opera House
for the benefit of the French Hospital,
450 to 458 West Thirty-fourth Street,
Saturday night. The institution, which
is entirely non-sectarian and treats
patients of all nationalities, is main?
tained entirely by charitable contri?
butions.
Rosenblatt Gives Concert
Cantor Josef Rosenblatt, assisted by
the Cantors' Association of America
and the Bohemian Trio, gave a concert
at the Hippodrome yesterday afternoon
for the benefit of the Jewish Hospitals'
Association. The audience was ad?
dressed by Joseph Barondess and a
collection was taken up during the in?
termission. ?
Theater Prepared
For Wilson's First
Public Appearance
????? i
I Arrangements Permit Him
to Reach Seat Without
Ascending Steps, a Feat
His Condition Forbids
From The T-ibune'a Washington. Bureau
WASHINGTON. Jan. 16.?The first
? public appearance of President Wihon
, will be in a Washington theater, where
' special provisions will he made for en
: r.bling the Chief Executive to avoid
'? much of the embarrassment th^.t
might atcend his efforts to walk with
j out assistance other than his cane.
All arrangements had been made for
the President to witness the produc?
tion at a vaudeville theater here last
week, but a combination of inclement
weather and fear on the part of Mr-t.
Wilson and Dr. Cary T. Grayson that
Mr. Wilson might not be equal to the
j task prevented the carrying out of the
; plans of the ambitious theater owner.
Mr. Wilson is known to entertain a
great desire again to display publicly
his ability to go about unaided, and
he believes that his appearance in a
crowded theater would be the best set?
ting for a return to normal. The
President also desires again to attend
services in the First Presbyterian
Church, but the fact that entrance to
the edifice is only gained after mount?
ing a number of steps is expected to
operate against the fulfillment of this
desire until the patient has regained
more control of his limbs.
The plans made by the Washington
vaudeville manager for the President's
| attendance last week provided for the
! Chief Executive to enter by a side
i door, on a level with the first floor of
' the playhouse, and thence to proceed
to a box on the same level, making un
j necessary any effort on the part jf
i Mr. Wiison to mount any steps. In
this theater the Presidential box is on
the mezzanine floor, reached by mount?
ing two flights of stairs, an undertak?
ing the President is not yet equal to.
The inability of the President to use
his limb3 to the extent of mounting
steps resulted in the installation of an
elevator in" the Presidential yacht May?
flower, at a cost of $16,000, some
months ago when a sea cruise was
considered as a mean3 of hastening
the President's recovery. This plan
was abandoned, however, when the
White House physician became con?
vinced that any attempt to remove Mr.
Wilson from Washington might result
in a setback in his progress.
The fact that President-elect Hard?
ing will not need the elevator resulted
in a corps of Navy Department car?
penters and mechanics removing the
Mavflower'a elevator recently at an
! additional cost of $6,000.
?
IU. S. and Latin America
Labor Delegation Clasli
j Gompers Loses Control of Mex
ico City Convention as Max
?cans Carry Point
By peorge E. Hyde
Special Cable to The Tribune.
MEXICO CITY, Ja i. 16.?A clash be
; tween American and Latin-Americai
: delegates to the Pan-American Labo:
i Congress developed at this morning':
i session, and the discussion was so pro
longed that adjournment to-day wa
| found impossible. A large number o
I resolutions were still to be consideret
at the close of to-day's session.
Samuel Gompers, president of thi
American Federation of Labor, com
: pletely lost control of the convention
The members disregarded the rule lim
iting debate, and insisted upon dis
: cussing subjects that they though
ought to come before the congress.
The clash came over a resolution in
troduced by one of the Mexican dele
(ration which provided for a nei
method of appointing labor representa
? tives in all nations belonging to th?
! Pan-American Labor Federation. Th?
I resolution had been reported adversel;
by the committee, but the Mexican dele
gati?n on the floor, backed by ali th?
other Latin-Americans, voiced their dis
approval, and succei-yled in passing th?
resolution. The Porto Rican delegate
voted with those from the Unitei
States.
'Ii,o discussion which followed in
volved labor questions growing out o
the immigration question between th
United States and Mexico. The Mexi
can delegates argued that Mexicai
labor ki the United States was no
fairly treated and that American labor
ers coming into Mexico were throwin;
man Mexicans out of their jobs.
.;?: r^ii ? sa : -y-?, z?: za
lifc-i1?lrWAV^.l^-'^-V-?-N'. Vt-?,
Sett ?f table glaiCtftrc may noto he had at the
tuttomary January reduction!
Crystal for the Whole Year
at January Sales Prices
I IKE Christmas and the Fourth of July, Ovington's
-* customary sale of China and table crystal comes
"but once a year.
Table crystal and china as well have been reduced
from 10% to 50% for the month of January only.
This time-honored sale provides the opportunity of
obtaining unusually fine china and crystal at unusually
low rates.
O V I N G T O N'S
"The Gift Shop of Fifth Avenue?"
312-314 Fifth Avenue Near 32nd Street
The Room and Board Problem ?
Frequently solved by consulting the "Furnished
Rooms to Let" and "Boarders Wanted" column of
The New York Tribune.
A carefully selected list of advertisements arranged
by streets in alphabetical and numerical order makes
it easy to choose the location you desire. When answer?
ing any of them, say you saw it in The Tribune.
If what you want is not advertised there, insert an
advertisement under the heading of "Rooms Wanted"
or "Board Wanted." Many have been successful in
securing desirable quarters in that way.
Advert?. . jnti cart uc ieiL at any of The Tribune's
?U'Jioriced Want Ad agencies?conveniently located
in all parts of Greater New York?or at The Tribune's
Office-, 154 Nassau St., or phoned to the Want Ad
Department, Beekman 3000.
SPELL IT OUT
And Remember
??ACT ? i
Think?Try?Teach?Thorough?Tenacity?Temperate
Hold?Honest?Heart?Humor?Health?Happiness?Hope
Right?Reserve?Reliable?Resourceful?Reputation
intense?Interest?Intelligence?Integrity?Increase?
Independence?Investment
Fine?Faith?Fellowship?-Faithful?Filial?Financial
Truth?Thoughtful?Tolerant?Tender?Talent
I was asked to write a message on
THRIFT to help along the NA?
TIONAL THRIFT MOVEMENT,
which starts to-day, and to donate
the space required to print it in the
newspapers, to the New York City
Thrift Week Committee of the
Y. M. C. A.
Next to Love,. I think Thrift is the
most important word in the English
language.
Please get in your mind the words
that I have used in connection with
the letters that spell the word
THRIFT.
Collectively, these are some of the
finest words in the English language
and mean the most to us.
You will observe that such words as
Stingy, Selfish, Sinful, cannot be
associated with the word THRIFT.
Why not make a resolution right
now to follow the precepts of BEN?
JAMIN FRANKLIN,'whose birth?
day anniversary is to-day?
?
But, more important still, why don't
we organize and put behind the
Thrift Movement all of the energy
and patriotism we put into war
work?
Can you think of anything more
important to do now than to estab?
lish the principles of Thrift in the
minds of the American people?
Solomon, who was very wise and
very rich, has sent down through the
ages these words of wisdom:
"He becometh poor that worketh ?with a slack
hand, but the hand of the diligent maketh richT
"He that tilletb his land shall have plenty of
bread."
"He that gathereth by labor shall have increase"
' Sincerely yours, WILLIAM C. FREEMAN,
This space donated to the New
York City Thrift Week Conunit
tee of the Y. M. C A., by Henry
L. Doherty & Co., 60 Wall Street.