New-York tribune. [volume], October 05, 1922, Page 9, Image 9

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

Image provided by: Library of Congress, Washington, DC

                
from Pillar
f o Post
A DEPOSITOR in one
of the largest Trust
Companies sought some
information and advice of
importance to him. Before
he got it. he was sent from
one department toanother,
torn one officiai to another,
and it so happens that the
??ay in his case resulted in
jerio-us loss.
The total absence of red
tape saves time and trouble
^depositors in transacting
their business with this
Trust Company. Besides,
the closer touch ma m tain ed
hy our officers with every
depositor simplifier? busi?
ness and facilitates serving
his needs.
?fru are cordial!'! invited to consult
44Qmt Stntt.brwklyn
and
ftuttCoi
fc--V?
Wh;
a Hotel Good?
One thing?the comfort
its guests receive. Your
suite at the Bristol is
spotless and perfectly
ventilated. The hot water
is always hot, plenty of
towels are ready. The
laundry is ?hereas we said
it would be; the phone
service is quick. There
are roomy closets and
restful chairs; The soft
bed with its box spring
and fine hair mattress
lulls you to sleep.
A FEW SUITES
art? now ?v?(!at>!e, two rooms and
bath $18/0 (o $2?u0, three rooms
tDd bath $2500 and $2800.
Luncheon, 75c Dinner, $1.00
Business Men's Luncheon, 50c
Also B la carte service specializing
BluePlatcLuncheonsaadDinners
A General
Motors Product
NEW PRICES
1923 Models
S955-UP
ALL ?\vnsfs of the
/w 19iT Olds
mobile are enthusiastic
boosters. There must
be a reason.
"Oldsmobile?The Best
Thing on Wheels."
CUTTING-LARSON CO.
1806 Broadway
At Columbus Circle
Columbus 7260
Baltimore
SUNDAY, OCTOBER 8th
S^ECIAI. TRA?N LE YVES
?* yo?i iPonn?. ate./ ..,12:10 A. M.
****** at Xfwwrk. ElUabetii
?s??JSkJ*** ?ruiM,wioU
*"?*'? Baltimore.ffsOQ A. ?
?V'ahlitiuton_6:l(iA.M,
*M*;,,.ti,*etUr,,Jl4|f Lettve*
lim'"*!*" .4:33 P. M,
E".?.?S>. ?.
w?? ?? ??!? FrWay ?'?ceding wcur
?^S!M!UR EXCURSIONS, ?un.
*?? 0?t. 22. N?v. 5, 18, D*a. S. I?. 31
Varna
System
HyWs Friend
Gives Budget
?Makers a Laugh
?Engineer Who Worked With
Mayor of Yore Persuades
Board to Give Hospitals
Three Relief Enginemen
Hits "Cheap Skate?1 Ways
[Not Referring to "John,"
but Advises Officials to
Run About Block for Pep
Tlie budget makers, who arc seldom
aroused to enthusiasm during theii
methodical cutting and slashing o!
requested appropriations, enjoved f
lively meeting yesterday through the
presence of John J. Wintere, of th(
International Union of Stationarj
Engineers, who persuaded them tc
grant three additional relief engineer!
for Bollevue and Allied Hospitals
W inters is an old friend of Mayoi
Hylan, having worked with him as"ai
engineer on the B. R. T., and he spok(
right up in meeting.
j ^ Winters pictured conditions a
Bcilevue as dangerous to the lives o
the patients because cf the lack o
competent relief engineers. He toi,
the Mayor, the Comptroller and othe
members of the Board of Estimate
that not to have sufficient engineer
was "a cheap skate way of doing busi
r.ess."
"If there ever was a calamity, th
investigation would show that a lot o
cheapskates didn't put an enginee
where ho was needed," said Winter!
"I'm not referring to you, Mr. Mayor,
he added, ,"but to the city officials."
Patients in Danger
This remark was greeted by lou
laughter. Winters explained tha
through the lack of sufficient engineer
the lives of patients have been in dar
ger at Bellevue from a leak in th
ammonia tank of the ice-making mt
chine, because when the engineer wa
called away there was no one to tak
his place.
"Up in Fordham Hospital," coi
tinued Winters "the engineer is th
whole cheese while he's there and ui
til he goes home for the night. Whe
he comes back he finds the place i
awful shape. An experienced ei
gineer is needed to relieve him. If
had money to invest that would gh
safety to the people, I would put it :
stationary engineers and give Wa
Street the go-by."
Comptroller Craig and the May?
were amused at Witner's attitude. Tl
Comptroller remarked that "these so
of suggestions put life i nthis cut ar
dried budget making."
"That's just what you fellers need
shouted Winters. "Get up and ri
around the block and get some life
you before you tackle the budget."
When the board voted the thri
additional engineers Winters start,
to leave.
"You're not going to leave us, John
Mayor Hylan called out.
"What's that, John?" Winte
answered. "I've got to go on accou
of business."
Priai Tilts With Mayor
Frank J. Priai, Deputy Comptroll
and head of the Civil Service Foru
had a tilt with the Mayor when
urged more salary and shorter hou
for the matrons of the Department
Correction, who he said were oblig
to work twelve hours a day and w<
paid as low as $800 a year.
"How many hours do you -work
asked Mayor Hylan.
"I work as many hours a3 you
and probably more," retorted the Ci
Service Forum head. "I want to a
Mr. Mayor, that when I work I wo
I don't spend any peut of my time
ceiving guests and there is no ent
taining attached to my work. Furth
more, I don't beiieve in time cloc
either. I don't need them to regul
a day's work."
Mr. Priai was referring to the tl
clocks installed in the city departme
at the Mayor's request.
The Mayor observed that there w
three or four hundred matrons i
that he couldn't see the necessity
adding more to the city's pay ro
He suggested, however, that James
Hamilton, Commissioner of Con
tions, confer with Comptroller Ci
with a view to reducing the work
r.f matrons from twelve to eight hoi
Pea Coal is Plentiful;
Woodin Urges Purchase
Anthracite coal in the smaller si?ea
has come into the New York market
in such quantities that William H
Vtoodin. stato Fuel Administrator, an?
nounced yesterday that he would lift
the restrictions on deliveries of pea
coal and urged consumers to use it in
?laca of the other domestic sizes It
I Is about $3 a ton cheaper. The State
; fuel Administration's General Ord>*r
j No. I limiting deliveries of anthracite
to a two weeks* supply will probably
be suspended as far as pea coal is
concerned on Monday.
The smaller or sto?m sizes eommonlv
used in office buildings and industria!
plants have become so plentiful, also
in the face of a lessened demand that
officials of the anthracite-carrying
railroads are disturbed by the accumu?
lation of loaded cars at the New Jer?
sey terminals.
The danger of this situation, a rail?
road ofiu-ial pointed out yesterdav, lies
In the fact that equipment urgently
needed to haul domestic-size coal from
the mines is tied up and out of service
for the time being and th.* general
movement of freight considerably ham?
pered.
?
Bankers Ask
Foreign Debt
Conference
(Continued from pnoo one)
ships having thus far failed to achieve
tangiblo results, the urgency of the
situation demands the same delibera?
tions of business statesmanship, and
that with governmental sanction the
leading business brains of America
should be joined with those of Europe
in a conference, out of which would
surely come at least the basis for a I
better understanding of the probTems '
involved and for an early and pr;>ctica?
solutions of these problems."
Discussion of a purely domestic and
banking problem shared interest at the
general session with the consideration
of world finances. Following Mr.
Kent's report the question of braiich
banking was raised on the floor, and
before its opponents finally succeed??!
in having passed a resolution condemn?
ing the practice in all forms, either
for state or national banks, perhaps
the bitterest debate ever staged on the
floor of a banking convention had been
placed upon the records.
The small country and local banker,
aided by the vote of the state banks
anxious to retain an advantage in com?
petition with national institutions, won
tho day, but, although temperate coun?
sel had temporarily eliminated the.
threat of a split in the association, the
lack of fundamental agreement and
the absence of a real settlement of the
problem were demonstrated by the
skirmish which occurred at the na?
tional bank division meeting subse?
quently, when an effort was made to
obtain concurrence in the association's
action and by the launching last night
of a national anti-branch bankers' as?
sociation.
Occupation Costs Tremendous
Mr. Kent, in connection with an
analysis of trade and financial statis?
tics, declared that if full payment of
all inter-Allied indebtedness is to be
demanded, wo may find that we are
asking the impossible, which, if true,
will tend to hold back tho economic re?
covery of all nations for an indefinite
period. He said that the arguments
favoring cancellation of this indebted?
ness did not apply to German repara?
tions, as remission of this obligation
would transfer the loss and suffering
caused by war devastation from the
Germans to the French and other
Allies.
"While the rebuilding of the devas?
tated regions should be carried out at
the expense of Germany," said Mr.
Kent, "yet every effort should be made
to reduce the total payments which
~ Germany must make. The costs of
the armies of occupation are tremen
'dous and much saving should be made
: in this item. If a new and final plan
I should be agreed upon for the payment
of reparations on a basis possible to
meet under conditions as they actually
exist, and Germany accepted such plan
with full intent to pay, there is reason
to believe that the coats of the armies
,of occupation might be rapidly reduced
and finally eliminated."
Mr. Kent led up to the contention,
advanced as a s\ ?rn conviction, that it
i is the duty of th- people of the Lnited
I States to identify themselves with the
LDOU
$5$6*7&*8 SHOES <=,
W.L.Douglas shoes are actually demanded
year after year by more people than any
other shoe in the world
PEA-,/\U?3jE< riai an<i WOrk
nianship they are unequaled.
Protection against unreason?
able profits is guaranteed by the
price stamped on every pair.
Tears of satisfactory service
have given them confidence in
the shoes and in the protection
afforded by the W. L. Douglas
Trade 3iark.
W.L.DOUGLASar,iSg
all of our 110 stores at factory
cost. We do not make one cent
of profit until the shoes are sold
to you. It is worth dollars for
you to remember that when you
buy shoes at our stores
YOU PAY ONLY ONE PROFIT.
No matter where you live, shoe
dealers can supply you with
W.Ii. Douglas shoes. They cost
no more in San Francisco than
they do in New England. L^^^^^^^^
rTlMP?R?? ??r $7.00 and $8.00 shoes with any $10.00
tumrARL or $12.00 shoes made.
W. U D?malas $4.00 and $4.60 shoes
for Boy?, host In quality* beg* m
style, boat all around shoes for Boys*
If not for salo In jour ilolnltr, ?nd for freo catalog.
TO MERCHANTS: If no dealer In your town hap.
dies W. L. Douglas shoes, writs today tor exclu
she rights to handle this quick selling, quiok
turn-over line.
Prwident
W. I?. Douglas Shoe Co.,
210 Spark St., Brockton, Mats.
DOUGLAS STORES IN GREATER NEW YORK
W, L. Douglas name and portrait
is the best known shoe Trade Mark
in the world. It stands for the high?
est standard of quality at the lowest
possible cost, The name and price
is plainly stamped on the sole.
fu?&n^l&4
? 85 Nassau Street.
847 Broadway, near 14*h.
1495 Broadway (Time? So.)
? 984 Third Avenue.
?1452 Third Avenue.
?2202 Third Ave., cor. 120th S?.
?2779 Third Av.. bet. 146th & 147th St?
? 250 West l?Sth Street.
?YONKERS?19 North Broadway.
?HOBOKEN?120 Washington Street.
atf?%?lllaTa?MaTaiWlaJiM?lfciilwttt?iillTt Hil'f* '~~'-~-" ' * ' li"
BROOKLYN
?5524 Fifth Avenue, cor. BGth St.
? 706 Broadway, near Thornton St.
?18?7 Broadway, cor. Gate? Avenue.
? 478 Fifth Ave., cor. 11th Street.
? 859 Manhattan Ave. (Greenpoint.)
? 449 Fulton Street.
? 434 Knickerbocker Avenue.
JERSEY CITY?18 Newark Arenas.
?UNION HILL?276 Bersenline Ave.
?NEWARK?881 ?road Street.
?B?s!rto*fa*i',n**,i?sy?,l?Kn!"*>*'
problems of reparlons through repre?
sentation on the Reparations Commis?
sion, to use tho trading force which
they hold through the indebtedness of
the Allies to the United States to co?
operate with foreign government.-? in
helping them control the destructive
forces exercised upon them because of
the broken morale of all peoples, re?
sulting in unbalanced budgets and in?
flation, and at the proper time at the
request of the Allies to extend such
credit to Germany on a basis of prior?
ity to reparations as will ennble her to
balance her budget, stop inflation and
help her meet her reparations pay?
ments.
Kent Would Defer Action
"The time for such action on the part
of the United States," said Mr. Kent,
"has not yet arrived, as it is necessary
for European statesmen to bring their
countries into better agreement with
each other and to eliminate the many
needless sources of friction which still
exist before credits can bo safely ex?
tended."
James S. Alexander, president of the
National Bank of Commerce of New
York, interpreting the future of Amer?
ican business for the national bank
division, said that two courses are
open: either to rely upon indications
of improvement already had and to at
tain/a moderate prosperity, within our?
selves and by the help of what foreign
trade must come to us; or, by taking
advantage of our new position and
playing a part in the adjustment oi
world affairs, to return to somethinp
approaching the old opportunities, th?
old rate of progress and a real pros?
perity.
Much of the same Idea permeated the
address of John G. Lonsdale, presiden!
of the national bank .division, before
its meeting in the afternoon. He callee
for active co-operation by tho nssocia
tion with the government to enable th<
nation to take advantage of "a grea'
mercantile era that has no counterpar
since the first Phoenicians venturei
! forth."
"We are told," said Mr. Lonsdale
"that the President of this nation has
recently indicated that the time is ap
proaching when America could mor<
fully participate in the resuscitation o:
Europe. Isn't now the propitious tirm
for this association to not only servi
the best interests of this country, bu
of the world, in extending its good of
fices to tho government in bringinj
about in conference an interchange o
information and data on tho principa
subject of betterment-*- -internationa
credit financing?"
Mr. Lonsdale termed the patriotl
fetish "isolation" as commendable i
some respects but economically impos
sible.
Frank A. Munsey characterized con
tinued high costs of production as
chief threat to American prosperit
and, declaring the labor problem to b
among those most pressing just nov
asserted that America did not produc
plain labor, that the immigration law
were responsible for the labor shortag
and that they should bo amended. H
then turned to a discussion of Amei
ican political machinery, remarking th
entrenchment of the Republican an
D?mocratie parties in a degree wher
they had almost become "our master
not our servants," and tho developmer
of radical and conservative cam*:
which might some day become orgai
ized political parties. Appealing fe
greater interest in obtaining the rig!
machinery to insure good governmen
Mr. Munsey said:
"Nothing succeeds without owne
ship interest in tho management. Th
is as true of governments as of bus
ness; as true of your government ?
of your banks. If you want a go
government you must pay the pri?
that insures a good government."
This price, the speaker said, was
deep personal interest in tho gover
ment. He saw tho need for new issu
as between political parties, declarii
the tariff issue wholly a business que
tion and deserving no placo in po!
tics.
"Standing out, however, as the or?
i rial issue between the two parties,"
said Mr. Munscy, "it Is still a fiffhtlng
ground between them and to the shame
of the American people, who permit,
these two old parties to keep the great
ecnnoruic ?question under the sordid
heel of politics."
Puellcher Chosen President
Jeihn II, Puelicher, prestefent of ths
Marshall and Illsy Bank, Milwaukee,
Wls., was elected president of th??
association at the general session,
Walter W. Head, president of the
Omaha National Bank, Omaha, Neb.,
being elected first vice-president, and
William E. Knox, president of the
Bowery Savings Bank, New York,
being elected second vice-president.
Oscar G. Foreman, reporting for the
insurance committee, announced that ?
special arrangements had been made toj
place a portion of the Bankers' Blanl
bonds in this country, The repor
the agricultural commission, ther
senteer? by Joseph Hirsch, its^
man, dwelt upon the impor^
?he three-fold alliance of
farmer, the state and the
members. f
The national bank division fn the
afternoon adopted resolutions calling
attention of the Secretary of the
Treasury to the importance of resum?
ing pre-wor quality of materials and
mechanical production of money, In I
view of the increasing activity of
counterfeiting paper money: advising
??.gainst a change In the present law,
which does not require national banks
to segregato savings deposits, and re?
iterating its indorsement of the pres?
ent law bearing upon taxation of na?
tional bank shares.
Tho division elected as president
Waldo Newcomer, president of the Na?
tional Exchange Bank of Baltimore,
and as vice-president Thomas R. Pres?
ton, president of the Hamilton Na?
tional Bank, Chattanooga. Those elect?
ed to the executive committal were E.
P. Passmore, president ofi/rhe North
American National Bankg^Fniladelphia;
A. F. Mitchell, firs^fTOe-prcsident of
the Northern Najjflmal Bank, Toledo;
E. C. Melvin-^fsident of the Sclma
qpHE Premier Storage
?*? Corporation, after ex
imjg?rf?ng with practic
)i truck
ioodyear
fad. Solid
'positively
on the
?arket aW?ufiresent time.
Coodyear Truclr Tires
are ?old and serviced i>y
the local Coodyear
Truck Tire Servie?
Station Dealer,
ooon
AE
A-W CALIFORNIA TOPS
For all tMakes and ?Models of Cars
1HE A-W California Top combines beauty, comfort, and
utility, embodying many exclusive patented features.
With its easily adjustable windows, always carried in the car,
it is quickly adaptable on the road to any weather conditions.
The A-W California Top is designed to fit each individual
car; it is smart in appearance, whether completely or partially
enclosed or entirely open.? *
Phone Circle 6670 for representative, or come see us
ADAMS-WILLIAMS MANUFACTURING CORP.
151 West Fifty-second Street
fr(tw York City
?./??:-'-;-" ?'<<??&*??
nsist on Ffoof of
Performance
4 SOUND hodv with a
.?^5
?-..>' -\
?It; l '/?ri KinVnl us.? is
7<>< Kin ^ ?nil \nv Anh\
? <>si tiiif-M IiMh > iloorlv
* x&?^?K-' ti??'M:3sWa ?.'-?'??y /.?-.'?? '??*??:-.?'??- ?":::'? ???;'*;
leu! bv oil
y, ? ', -
[fil
.?'?"?'^?ta
(National Bank. Selma, Ala.; Charles W '
Carey, president of the First National :
Bank, Wichita, Kan., and John F.
Hagey, vice-president of the First Na- \
tional Bank, Chicago.
Entertaining on Huge Scale
While the business of the convention
proceeded, delegates, not otherwise oc- i
cupied, and their wives took advantage
if the entertainment program provided,
although accommodations could not be
arranged for all that desired them.
Registration climbed during the day
t-o 11,370, and the physical limitations j
of the buildings and other facilities !
available made it impossible to satisfy j
the J?fM' demand. Tickets for tho |
wonMrfrs theater party, of which more
jthf?n 4,000 were given out. were ex-1
yflusted early in tho day, and those ad
milling to the tnen'1 smoker, held at ;
the Hotel Altor and similarly ?!*,-??te?l
In number beriuise of police and fire
regulations, were ?it a hieb pren ?au,
A large group of representative actors
contributed to the entertainment at]
the latter ?? ' -
Many of the banker?* were guests of ;
New York institutions at the opening ?
game of the world' series, while the j
women fip??nf, t?.e ?l.-iv at tho women's ,
clubs op<*n?d to them and on a bu*s ;
ride. Ninety busses were provided for
the afternoon trip, run! the crowd was
so great that an appeal had to be made
for police protection. The busses, mov?
ing practically on railroad schedule,
were accompanied by sixteen motor?
cycle policemn. For the ball to-night
the three ballroom*-, and the foyer at
the Commodore will be used, accommo
- ., ... ... .11 j^_?___,
dating 3,500 couples at normal capac?
ity, and 0,000 are expected to attend*
A meeting of presidents and se<MJ?
taries of state bankers' association and
incoming A. B. A. vice-presidents was
held nt the Biltmore as a preliminary
to the smoker lAst nijjht. and many
privat? dinners were also given to vis?
iting bankers.
New Polish Fnvov Coming Her?
WARSAW, Oct. 4* (By The A s sod
ate ! Pr?t?).- Dr. i<adis!aw Wroblewaltt,
former Polish Minister at London, ha?
Men transferred to Washington, It was
announced to-day. Dr. Wrcblcwikt will
assume his new post has Minister to the
United States the middle of November.
Former Foreign Minister Sklrmunt will
replace him as Minister to Oreafc
Britain.
Save 3 Shovelfuls
of Coal a Day -
Daily Wnter Savings with
!flt Control
Records show that the Minneapolis Heat Regu?
lator saves ori?'fifth to one-third on fuel.
That's easyjj? explain. A uniform temperature
and nigh
or is ti
there is
burn
extractj
is automatically
fuel is vunsted
permitted to di
burnda coal
andjCorapletel
Fu?l is saved aJral the house is kept comfortably warm by
automatic tejflperature control. Because it's automatic,
there's no work or worry. No early r ?sing or basement trips
to wake up the fire; the temperature rises automatically
?n the morning and is lowered automatically at night.
The "Minneapolis" is quickly and easi?
ly installed in old or new homes on any
type of heating system burning any kind
offueL Convenient monthly payment
plan. Write, call or phone for book?
let, "The Convenience of Comfort",
CLARENCE O. BARING, INC.
5635 Grand Central Terminal Bldg.,
New York City
New Jersey Branch
671 Broad St., Newark. Phone, Market 3542
Phone
'The Heart of the Heating Plant"
How the Convention is Shaping
the Future of Banking
\Y/ITr? eacn succeeding day of the
r\ VV ABA. Convention there grows
the conviction that it marks the open?
ing of a new future in American bank?
ing and business.
It is not alone the opportunity af?
forded to banking minds from all sec?
tions to meet and exchange opinions.
For the first time American banking
learns the European standpoint on the
foreign debt to America as expressed
by Reginald McKenna, Ex-Chancellor
of the Exchequer of Great Britain.
Again, there is the report of the
Commerce and Marine Commission??
a pronouncement of far-reaching
importance to America's foreign
trade.
For 123 years the Bank of the Man?
hattan Company, chartered in 1799,
has been serving not only its home
community but correspondent banks
all over this country and in foreign
parts as well.
Not in all that time has there been
an event which promised so much for
a sound and prosperous future as the
A. B. A. Convention of 1922.
Bank of the Manhattan C?MP4VFt
CHARTERED
*m
Vlce-Preildtnts
?ame3 McNeil
?. d. f?rster
HaarVT, Hail
Edwin 8. Lakfzv
P. A. Rowley
D. H. Parson
Prank h. Hilton
V. W. Surra
John Stewart Baker
Vite-frtt. *nd Ceuhier
O. E. Paynter
40 Wall Street, JsQw Tori
O FF I c s it^s
STEPHEN BAKER RAYMOND E. TONES
"Prtudent Tira Vice-Prtd?ssu
Uttown Orne??,!?/ Unis? Sanara, Nro> Tsrk
B-toorLY? Orna??St. Join'? Pitre, Cypriu Hilh, Lihfrty ?ivttiui
Qvkkm? Bonooan Ornc???Jemales, Flushing, Losig Island City, Par
Rseia-ziay, Rcekatuay Park, Roeia-way Beach, Staate, Ooene Pari,JatA'
se? Heights, Richmond Hilt, gtmhrit, Maipeth, Corona, Colltg*
Peint, fVscdhtrvtn, Hrssilftt Manor, R?dgeutod, P+esi Psnd
Capital $5,000,000
Surplus and Undivided Profits, $17,277,459.35
AJtevmttrt
yV. F* Moo?
I. 8, Gregory
H. M. BvcklbI
W. A. Rus?
Geo. 8. PowVI??o
E. 8. Macdonal?
O. G. Alexander
C. W. Cares
D. W. KrrcHAM
W. S. Milan
Ell?s WEn-oN
W. h. Hopkins