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THE BRIDGEPORT TIMES Friday, June 17, 1921 AURAL SIMS PHOTOGRAPHED JUST BEFORE HIS FAMOUS SPEECH. GOLBE'S TAN THEIR OYVX LEATHER MAKE THEIR SFF THEIR OWN SHOES PHICES OWN 365 DAYS AHEAD OF THEM ALL IN PRICE REDUCTIONS GOVERNMENT Trade Commission's report on the leather market dis closing a sharp decline in prices of hides, is no sur prise to the Golbe Co., whose big tanneries and factories in Massachu setts, have long since returned their prices to the pre-war level of $4.0. $5.00 and $6.00 for high grade shoes. Wearers of CJolbe Shoes are never confronted with market speculation or market manipulation. When you buy Golbe Footwear, you're doing business with the Globe factory and your dealings are not influenced by a single outside manufacturer or mioleman. For real shoe satisfaction and economy BUT DIRECT OF US! THESE 3 PRICES ARE THE $400 I. ONLY COL RE SHOE Same Prices To Everyone All Shoes Plainlv Marked Isn't It a Genuine Treat To Buy Such High Grade Shoes for 4, $5, $6? UST to think that only a short time ago decent shoes cost from $10 to $14 and now thanks to The New Golbe Shoe store and the Golbe methods. Toil can buy your favorite shoes style for LESS THAN HALF! Come In and see for yourself that this is true. New Styles Being manufac turers, wo set the style Instead of fol lowing others. All Styles All . I . ;i ;V 11 ijt?iiLiier All Sizes Let Your Next Shoes Be Golbe 's Every Pair Guaranteed ! mm Corner Cold Street Opposite The StraifieM Hotel PERFECT SARTORIALLY AND ATHLETICALLY. IK : ' An excellent action picture of Miss Hilda Lewis on the London Country Club's tennis court. Miss Lewis has the reputation In England of being the best dressed woman in the world. AI & v 1 t i. sfP" . ' " . I r I The first nirntogranfe in fhs United States at Armfntl Simx, fakea Jsst Sjefcrre be n2te Ms fxs "Jackass" speech in London. He is now being fatene to tbe fifmsra. TRratftng Oram, left to rigkt Admiral Sims, Lord Deahoroogli and Errl Bealfy. Millions Of Savers Are Needed For Funds For Business Revival Advertise In The Times and Watch Business Grow Millions of savers are needed to surily the funds which will hasten business revival and promote gen eral prosperity. This is the theme of a special article in a recent issue of the Bankers' Magazine contributed by B. M. Grant, manager of the Gov ernment Loan Organization of the Second Federal Reserve District, writing under the caption "The Per manent Solution of the Credit Situ ation." The writer says: 'The condition of world finances demands that new classes of invest ors be developed. Large investors may be left to themselves but it Is essential that small investors be en couraged. The fact is that America has scarcely begun to show the world what she can accomplish through a well balanced program of industry, thrift, saving and invest ment. The whole people must co operate with vigorous determination to accumulate capital. Wage earn ers can save and invest large sums of money in the aggregate the success of the Liberty Loan campaigns dem onstrated this. Thirty million work ers saving an extra dollar a week for three years would release an addi tional ?5, 000,000,000 for productive enterprises. A properly organized effort, actively supported by bankers, business men and workers, could make this a continuing reality. Josfible Savinsrs Enormous. It is doubtful if the capacity of the American people to save and in vest has ever been carefully ap praised. A few figures in this con nection are significant. Of the $65, 000,000,000 estimated annual aggre gate income of our people, probably $55,000,000,000 is paid over by em ployers each year direct to their em ployees. The Comptroller of the Currency recently declared that "'the income of the people of the United States in excess of ordinary living expenses probably amounts to $10. 000,000,000 per annum." In this connection it is worth, noting that for the Vear 1919 the American people paid taxes on $22,000,000,000 worth of articles classed by the revenue act as luxuries. Our national interests would have been better served had a port-on of this outlay been reserved as productive capital. Loanable Funds Inadequate. At a time like this, when the sup ply of loanable funds is highly ina dequate to meet the increasing de mand, it is extremely important that bankers exert themselves to the ut most toward the stimulation of sav ng. A shortage of capital is man if est on every hand. As one evidence it may be noted that money rates are the highest in forty-eight years. Bus iness men will appreciate their re sponsibility in this matter when they realize the direct relationship be tween the accumulation of savings and the limits of credit expansion. Just as credit is based upon availa ble funds, capital in turn can come only from savings. There can be no nustajce tnerefore about the ur gency of drawing every idle and hoarded dollar, and all potential sav ings, as rapidly as possible into fin ancial channels. Gathered into the hanks and the National Treasury this money farms the basis of credit. It has been estimated that the idle and hoarded money alone in America may run into ten figures. Bankers and business men can render the country as well as themselves invaluable as sistance by co-operating in an effort to draw these funds into circulation Invented Savings Furnish Employ ment. Many people do not know that their savings can exert an important influence upon the economic of the nation. They axe scarcely aware that their savings furnish part of the cajital ami credit to carry on the enterprises which give them "their liv ing. Little do they understand that the savings banks are one of the channels through which they in directly provide capital to develop our great railroad systems, to finance building operations and municipal undertakings: that the commercial banks aro a medium through which the funds deposited by the many are made available for productive pur poses; that investment bankers are a channel through which capital goes to n nance nuge corporate enter prises. Prosperity Depends On Thrift. There Is nothing more inspiring than the optimism of a man awaken ing for the first time, to the illimita ble economic possibilities of an America turned a nation of savers. A vision of boundless growth and prosperity unfolds before him. He sees a nation of thrifty and industri ous workers speedily recovering the blessings of prosperity. Fortunate ly for America and for the world such a dream is not impossible for realization. While thrift alone is not sufficient to lead America into the sunlight of prosperity, it is the one great constructive force now requir ed throughout the world. True, thrifty living by itself cannot guar antee the speedy .return of better conditions, though naturally enough bankers were the first to recognize after the storm of war had subsided that without real economy in every household the future was none too promising. .... It is truly amazing what confused, ill-conceived ideas the average Ameri can has regarding some of the out standing flnanci-i ) Tid economic facts confronting the world and, quite ob viously therefore, affecting his own fortunes. Banks can serve the country's interests and their own by keeping before their respective com munities such facts as the size of our national debt of $21,000,000,000 which remains to be paid. They can interpret for their sections the effect upon the world, production of the loss of nearly 13, 000,000 men killed in the war. They can explain that the great war cost the world probably $300,000,000,000 and that this is equivalent to the total wealth of America; also that the capital thus destroyed must be restored through a long process of accumulating sav ings; and that the world can regain its prosperity only through hard work and thrift. Accelerate Prosperity. World reconstruction, business re vival, the "new prosperity" will be accelerated in proportion as all the people co-operate toward this end Our people, must know, as hankers and business men know, that the present demand for caipital is unpre cedented Following are a few fig ures which may well he kept in mind In connection with current require ments: Six billion dollars needed for con struction of factories, homes, schools, etc. Six billion dollars needed for the complete rehabilitation of railroads (one-third of this construction should be undertaken in the near future). Two billion dollars needed for pub lic utilities to permit community de velopment, especially in outlying city sections. One billion five hundred million dollars needed for highway construc tion. Suggestive Figures. Such figures are amply suggestive. It is well also to remember that bil lions of foreign capital invested in this country before the war have since hee.n withdrawn. Not only this but something like $13, 000, 000,000 have been advanced to Europe in the form of 5 government and private loans. .... One of the functions of bankers is fto maintain substantial equilibrium between funds loaned or invested on the one hand and the supply of money held to deposit, on the other. A proper balancing of loans with de posits, of credits with savings and in vestments, is necessary to insure healthy financial conditions. It is coming to be nearly as important a function or 'banks to stimulate Itne de velopment of capital as to take charge of the loaning of such capital, w Kn out the one, the other is impossible; they are in a sense two aspects of a single operation. The main question is how best to accumulate funds. The time has come when the people of America know the need for econ omy: in a greal: many cases they have learned this from recent personal ex periences. Opportune Moment. Viewing the situation from the standpoint of developing new sources of capital iit seems therefore that this is an opportune moment to drive the "savings idea." home to the individual. The man out of work now realizes the value of a fund saved for emer gencies and when he again returns to work he will be grateful for an op portunity of safely investing some of his earnings. Even the worker who is not out of employment takes a les son in thrift from the regrettable condition of many of those who were until lately his co-workers in indus- Different countries have developed different methods to facilitate the in vestment of savings. Among the necessary elements of any successful plan are these: tbe method must be mur to understand, must require the least amount of effort on the part of the saver, must have his complete confidence and must afford the high est degree of protection. In Ameri ca the present tendency is in the di rection of a system in which the em ploye receives the co-operation of his employer. There need, however, be nothing paternalistic about such a TinTi The Mnnlnve voluntarily re quests the management to withhold a stated amount from his wages each pay day, the money to be invested as directed. This plan, which is advo cated by the United States Treasury Department in connection with the sale of Treasury Savings securities, is receiving the hearty co-operation of employers throughout the country. The employer may either invest the savings of his workers in $5 War Savings Stamps or have the paymas ter substitute the new $1 Treasury Savings Stamps in the pay envelope in place of the money withheld. An important advantage of the Treas ury's plan is that it is adaptable to any organization, regardless of how large or how small, anywhere in the United States and it requires a minimum of effort on the part of the employer and the employe Banker's Opinion. A prominent Banker of wide in dustrial interests in one of our larg est industrial centers recently ex pressed his Judgment of the value of the savings movement as follows: "There is no more important ser vice that can be rendered, no pur pose more worthy, than to aid in the present movement of the Savings Di vision of the U. S. Treasury Depart ment, and to assist in every possible manner in the instilling of the prin ciple of thrift into the people of our great country, so that they may thereby share in the prosperity that is in store for all who are pru dent." .... America could have no greater in spiration to save than to behold the wealth which six or seven generations have accumulated within her bor ders. Our huge investments in transportation systems, i public utili ties, roads and waterways, our .great industrial and commercial enter prises, all are but forms of -j- -cumulated capital the combined savings of corporations and individuals. Be cause of those we are encouraged to believe that what our fathers and forefathers in their day accomplished through thrift can be repeated es pecially during the aftermath of world catastrophe. To the so lution of this problem of inspiring the rank and file of America to save and invest a larger part of their earnings, it is of course to be ex pected that bankers will continue to bring the stimulus of sound, ener getic leadership. TIRED OF TROUBLED GREECE. HHliHK :: JEM SMH Wa ML if. iaWR?lWwBIHliii i JMM Prince Christopher, husband of the "Dollar Princess," former ly Mrs. William B. Leeds, recent ly was quoted as saying he wished ho could go to America '.r.d never return to Greece Mr. Obo "A Connecticut Yankee in King Arthur's Court" has no star, so labelled. Harry Myers and Paul ine Starke play the leading roles. It is a William Fox production and had its Now York premier March 14. I do not know when it will be released over the country. Answering The Call of the Clean Our Prompt Service, Our Thor ough Attention to the complete wash, our modern equipment, our sanitary methods and our modest prices are Game of the reasons why so many new customers are being added weekly to our list of satisfied house wives. BECOME ONE THIS WEEK WET WASH DEPARTMENT Clothes washed and returned damp, ready to dry. SEMI -FINISH DEPARTMENT fiat pieces returned ironed, and clothing ready to iron. FINISH DEPAitTMBNT shirts, collars, waists, etc.. given most care ful attention throughout. READY TO WEAR DEPARTMENT clothes washed, dried, ironed and re turned to you in sanitary container, ready to wear. Lowe Laundry, Inc. 1000 Seaview Avenue Bridgeport, Conn. The Call of the Clean Barnum 154 Barnum 580" Store Hours, 9 A. M. to 6 P. M. Daily ocVweW 8c Co. (Hugh J. Koenig, Vice Pres. & Gen. Mgr.) 1140 MAIN ST., OPPOSITE ELM. For your shopping trips have a tubable gnigham Dress $5.95 There is a large assortment for your choosing, styles which are much favored for general wear. Some have organdy collar and cuffs, others of self material, some trimmed with rick-rack hraid. Others at $7.95 to $15 Specially Purchased Bathing Suits at $2.98 and $3.98 These are two piece suits with the tights attached, of good quality jersey, allowing free movement stroking for ward. Shown in navy and black with black and white trimming. Annette Kellerman Suits $5 to $15 The Finest Quality Gabardine Wash Skirts $5.00 At least one of these tubable skirts aro included in all summer wardrobes they are very desirable for gen eral wear with promise of good service. A New Shipment Bringing Extra Values. Smart Sport Oxfords $7.45 $10 Values . of white buckskin with a tip, ball strap and quarter and welt soles. Other sport pumps and oxfords at $8.95 and $10. A SALE of Sweaters $6.50 Values $3.95 A large new shipment we have been waiting for. These are MOHAIR WOOL SWEATERS of fancy rib weave, the favored tuxedo style with a sash a very time ly sale indeed, for this is truly a "sweater year." Colors are black, navy, dark brown, honeydew and buff shade. Summer's Newest Hats Specially Priced ffhT $7.50 Splendid values at these low prices of $3.50, $5 and $7.50 due to special purchases. The new Summer types in Georgette crepe, Canton crepe, taffeta, baronet satin, duvetyns and felt. White, black and new colors are included. Clearance Specials Earlier in the season prices from $5 to $12. $2 Earlier in the season prices from 5, $1 to from $10 to $15. $5 Saturday Only Felt Sport Hats White, orcbid, jade, tangerine, in sailor and roll shapes $2.45 Millinery SecUon, second floor.