davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-02-09
Warns Against Proiteering
Mosessohn Says Dress Trade
Must Clean House

A drastic warning against profteer
ing will be issued tomorrow morning
to all members of the Associated Dress
Industries of America, a national as
sociation Of dress manufacturers.
In issuing the special bulletin, execu-
tive director Mosessohn points out
that the industry has been free from
charges of protiteering
THE existing conditions" says the
bulletin, "are such that it behooves
and becomes imperative for every
manufacturer of any product to do
everything within his power to keep
prices down to & minimum and satisfy
himself with legitimate working
profit.
"The Federal authorities are spread
ing a net for the profteers. Those
VINO are caught will have to answer TO
the bar OF public opinion and possibly
face the ruination of their businesses.
1t is critical situation that con-
fronts the American business interests
to-day. Prices are mounting sky-high
and everybody is asking the same qusi-
tlon-how long will it last?
here and there jobbers are being
caught; retailers are being subjected
TO heavy fines, and every effort IL being
exercised to rid the country's indus-
tries Of those who are taking advan-
tage of the situation. to operate on .
get-rick-quick basis. This must not
be.
THE dress industry and its allied
trades must clean house Of any who
40 other than a legitimate business.
speculation must stop. There must bs
no prohteering In dresses. We regret
tnis because we want this message "a
ring through the industry With its full
New-York tribune., 1920-02-09
Bonds for Investment
Harris, Forbes & Co
Pine Street, Corner William
NEW YORK
French Fiscal Plans

The current number of the Fort
nightly Survey of French Economic
Conditions" which is published in this
country by the French High Com.
mission for the information Of Ameri.
cans, gives in detail the terms of the
new internal loan, under which bonds
VII! be offered in the United States
and also the plans of the Ministry OF
FINANCE for increasing taxes.
M. klotz has estimated that the In
creases will bring taxes for the pres
ent year up to 100000 600 francs
and that his new proposals will WELD
l,46l 100000 francs. Regarding his
program, the high commissions survey
says: "The plan includes a surtax OF.
war profits varying from 80 to 80 pei
cent, as we'll as on the increase OF
wealth realized between 1914 and 1918
when such increase exceeds 20 per
cent OF the corresponding capital in
1914. Mr.. Klotz also proposes a tas
ranging from to go per cent; besides
stock exchange transactions would be
liable to additional assessment. In
creased taxation on agricultural and
commercial profits and on salaries is
TO be levied, and finally special tax
on bachelors is proposed"
In connection with the collapse in
franc exchange, due In part to the
large excess Of Frances imports over
exportsy the commission makes public
= list Of the commodities France Is
ready to export to the United States
The list includes preserved fruits,
game, nuts, liver pastes,
table luxuries drugs, artistic porce-
lains. cutlery. dental surgical instru-
ments. perfumes, jewelry, fans, laces
md embroideries, lingerie, hairdress--
knitted goods, and feathers and arti-
dcial flowers.
New-York tribune., 1920-02-09

In effect, the situation is much the
same as It was when the money COM
mittee was formed at the request Of
New-York tribune., 1920-02-09

The slump was, as has been stated,
precipitated by the collapse of ster-
ling exchange; but before it had
proceeded very far the shortage of
money became the factor Of prepon-
derating Importance. The market
had become more or less accustomed
to high money, but it lacked the
hardihood to withstand a renewal
rate such as is never witnessed ex-
cept in time Of great stress and a
shortage of funds, at that. The sit
uation was made acute in the ex-
treme by huge government with
drawals--so acute that not q few
brokers expected that the 80 per
cent rate which brought about the
smash last November would be ex-
ceeded: That in all probability
would have happened If the banks
had not taken action to prevent it..
Realizing the danger Of disastrous
panic inherent in such situation as
existed, bankers, after an exchange
of views, came to an informal un-
derstanding under which they were
able to ease the strain.
In effect, the situation is much the
same as It was when the money COM
New-York tribune., 1920-02-09

there is no money committee now
all the banks insist that they are
acting Independently - but when
things look dangerous there is moth
ing to prevent one banker from sug-
gesting to another, in purely in
formal way, that it would be fine
thing to put out couple of million
dollars on call. And if the sugges-
tion is made to enough bankers and
all of them adopt it, money suddenly
becomes easier. That, we believe,
is what happened on Friday, and
what will happen again If necessity
should arise. But it should be re-
membered that such action is taken
solely for the purpose of preventing
a crisis and does not signify that
anything like real money ease can be
expected. On the contrary, bankers,
acting on what is tantamount to or
ders from the Federal Reserve
Board, which apparently is inflex-
ible in its determination to bring
about def1ation, say frankly that
while all the funds needed for legiti-
mate business of any kind will be
supplied, there will be none forth
coming for financing purely specu-
lative operations either In stocks or
commodities. This being so, the
possibility Of a renewal of bull spec
ulation on large scale is, to say
the least, somewhat remote.
At the end Of week, which was
perhaps even more trying than the
one which marked the elimination
of the bull market of 1919, Wall
Street was asking just one ques-
tion, and asking it with good deal
of anxiety, "Has the end of the
decline been reached" Naturally
there was great divergence of opin
ion. On the one hand it was con-
tended that the market had gone
through three months period dur
ing which liquidation had proceeded
more or less steadily; that the de-
cline in prices, reaching about Is
points in the industrial average, had
certainly been drastic enough to dis
count good deal in the way of
adverse developments, and that the
expected slump in foreign trade
might make money easier. On the
other hand, those less cheerfully in
clined pointed to the slump in for
eign trade as a forerunner of a
drastic reaction in business gener-
ally, and to the fact that the Federal
Reserve Board has given no indi-
cation whatever Of any intention of
altering it's program for bringing
about def1ation. They argued, more
over, that even though stock prices
had fallen a good deal since last
November, the industrial average
still is far above the level from
which it started on its upward flight
through 1919. AS for the railroads
their future still is in the realms of
uncertainty, as prices show. The
railroad average is nearly twelve
points below the average at this
time last year.
New-York tribune., 1920-02-09

The Reserve Boards defation pro-
gram has at least the merit Of
simplicity. First, you raise redis-
count rates and so tighten money
and force liquidation. Then, when
the liquidation assumes a threat
ening aspect, you ease up a little
unit! the scare is past; then put on
the brakes again. The result-theo-
retically-will be to reduce prices
gradually without hurting any one
except those vague persons, the
profiteers-of whom, by the way, an
amateur economist estimates there
are something over 100,000,OO0 in
this country. But in practice it may
not work out so well. Any one who
has studied markets even super
ficially knows that in rising mar
ket prices always go much higher
than the values warrant, and that
in a falling market they go much
lower than they should, for the SIM
pie reason that there is invariably a
tremendous momentum to such move
ments.
In a rising market for a COM
modify, for example, large amount
Of it will find its way into the hands
of spectators who have not the
slightest interest in real values, but
buy only because prices are rising.
The greater the rise the greater the
accumulation of this sort is likely
to be. Therefore, while there NAV
appear to be severe shortage of
the commodity when prices have
reached very high level, there is
usually large invisible supply in
the possession Of a small army Of
speculators-the ones against whom
the Federal Reserve Board is max
ing it's drive.
At certain stage Of the proceed
ings some speculator who is
shrewder than the average sees that
the top has been reached and sells.
Or perhaps, owing to money strin-
gency, some one is forced to sell. The
price breaks little, and another
speculator gets worried and sells,
too. Prices fall little more and
still another one markets his hold
ings, pushing the decline a little
harder as he does so. And then all
at once it becomes apparent to
everybody that prices are falling
and there is rush to get out from
under. Nearly every one who holds
the commodity wants to sell at the
same time, and hardly anybody
wants to buy. The result is that
the price structure built up through
months or even years Of feverish
speculation for the rise Is wiped
out In very brief period. 1t hap
pened last fall in the stock market.
1t could happen in the markets for
numerous commodities if the Fed
eral Reserve Board hould press
things too hard. The time to pre-
vent crisis II before It develops.
New-York tribune., 1920-02-09
80 Years
in
Export Banking

INTIMATE KNOWLEDGE
of the needs and habita
of the people, acquired by
years of experience and &C.
tual residence in the coun.
tries themselves, is essential
. when transacting business
abroad.
Our % branches in South
AmeriSa, 8 Offices in Eu-
rope AID direct connection
throughout the world round
out service broad and com.
prehensive in every detail.
ANdOSOUTH AMERICAN
BANK. LIMITED
New York Agency. 20 nradway
Norwich bulletin., 1920-12-24
LIBERTY HILL

The school closed Friday afternoon
 Hith a Christmas tree, songs and recits-
 tions by the childre-. All received gifts. 1! Rev. and Mrs. John H. Knott and daughter started Monday noon for Miami,
 Fla They stayed in New York Monday night with MT. and Mrs. Knottx son. Rev. MT. Knott expects to be away 14 Sundays. Miss Elizabeth Hazen of Colchester was week end guest of MT. and Mrs. Horace Feote, old friends; all formerly lived in Exeter. The C. E. society held a social Friday evening in the church rooms in the par Miss Ruth Rodgers, teacher in the local school, vent to her home in Lengmeadow I Mass, Saturday. She expects to resume teaching here the ensuing term.
 Mrs Daniel Killourey of eWfllmantic ie visiting her parents MT. and Mrs. CharleI James, for day or two.
 l John Clark has purchased an automo' bile.
 Rev. John H. Knott had his faithful old horse put at rest recently.
 Tfierer has been a week of exceptionally fine weather and no snow. The mercir, has not been below r or Is above zert here.
 Rev William F. English, secretary ant treasurer of the Connecticut Missionar!
 society, will occupy the pulpit of the Lib erty HiIf church Sunday morning next. Miss Julia Philbeck of Saranac Lake Ii the guest of MT. and Mrs. John Kinnaird
Norwich bulletin., 1920-12-24
PRE- -WARCOMFORT MESSENGER TRAINS

Philadelphia, Dec. 23.-Railroads in lis territory are returning to pre-war .rvice so far as the comfort of passen- ITS is concerned. The Pennsylvania has sued careful instructions for the heating cars. Coaches in through service, says 2 order, must be heated to 2 temperature tween 65 and 7p degrees in suburban twice. so to s. Sleeping cars, between D. m. and 6 a. m.. must have teInpera- re of about SO; in the daytime the tenn rature in sleepers and narlor cars lould range between 65 and 70. Other orders issued to trainmen in- lude:
 Principal stations al which trains will ,op must be announced in all coaches and iners before they leave terminals a''' Approaching stations, the name of the ation must be announced at least twice No baggage 'wil! be allowed in the sles 0s In cold weather doors must not be 1ened unless passengers are leaving the .rs. and hot opened before train stop.
 Trainmen must not turn seats until ar- gal at terminal Conductors must report all cases where issengers are obliged to stand and the ason therefor.
 Conductors must make frequent trips
Norwich bulletin., 1920-12-24
/ -.ss IA' -r ir- q. H%- --= BOZRAH

; Miss Maud, Eiler spent the week end in Greeneville, the guest of Miss Janet Beat se.
 MT. and Mrs. Harry Lathrop of Nor wich were recent callers at the home of Edward Bishop.
 Mrs. Lena Bishop is spending sone time with Rev. B. D. Remington of Col chester. who is i'll.
 Mrs Lawrence Abel if visiting relatives ir. Provfdencs. ' v
 The schools in town close today (Fri- dasl for inc vacation of one week. 'i-
 Mrs. Jabez Lathrop and daughter Louise are visiting relatives in White Plains N. r
 Jeremiah Allyn of Fitchville was call e. Snnday at the home of his sister, Mrs Ehariss Morgan, of Bear I5fll. 9'' - '''s' The Missiohary society meets at the h,nqe ef Mrs. Charles Hanna Wedhesday siternee4. pec 2i. at o'clock. N'''' '''
Norwich bulletin., 1920-12-24
PUTNAM
(centinued From Page six.)

celebration of holy communion at mid night.
 A Christmas tree and Christmas exer- cises will bring many together at the Methodist church Saturday evening. Miss Hattis F9xg class is in charge 9f ths ar
 Special Officer James VBrien is doing day duty in the pusipess section during fhe holiday period. 'e, ''' 'i'z
 special meeting of the stockholders of Woodstock acadesny has been called to see what action will be tabsn relative to amending the charter of the academy, which for many years has been one of the best known schools in the county.
 Attorney and Mrs. E. S Morse and family are to spend the Christmas season
 wit hrelatives in New York.
 G. Lawrence Perkins of this city and
 Pomfret isCat Alberta, Ala, to spend the holiday season with his brother Russell MT. Perkins is planning to go abroad for
 2 few weeks soon after the first of the
 year. 8 On behalf of Putnam High school and Killingly High school, challenge of Tourtellotte Memorial High school of North Grosvenoordale for 9 typeyritng
 contest has been aecepted. VT '' 2 US long LOOK DaekWard through the
 years when one stops 10 consider that the Woodstock Theft Detecting society, which l is to hold it's annual naeeting soon, was
 organized in i7ss se' aofo 'Sz@ MT. and Mrs. ", F. Ratferty will have their son Mdghipn1sn W. J: Raferfy:s oi the United States naval academy at An napolis. with them for the holiday 1 Most sf the instructors at the high
 school have left town for the holid . S Among these arg: Miss DeRobbio, teacher of French, who is in Previdehce with rel atiyes Miss Barnes, teacher in the Eng fish department, who is visiting with rel, l atives in New York state; Miss Elizabeth 1 Jackson, teacher of cooking, with rela! tiyes in South Norwalk, Conn. Miss Pease, teacher of sewing, is at her honis 1 in Anson, Me Miss filling, Latin instruc. 1 tor, is at her home in Kensington. Conn.
 Miss Jenkins is in WifiinlanticH for the 1 aolidays. iH'1E IL E9F 1-he Captain Bulger has two special off1cert l on duty over the holiday. These arl Special oaicer James 0 Brien. who is as sisting the captain in doing day duty, ant Special Officer Napoleon Brzallion, wht 1 IS doing night duty.
 l John Hogan, freshman at Holy Cross 1 Worcester, is spending Ehristnas with hi parents In Putnam. as '''4'sat"S4 S'ss :" '
Norwich bulletin., 1920-12-24
WlNDHAM

Friday evening Mrs H. c. Lathreps Sunday school class of girls served baked bean supper in the chapel for the benefit of the Near East relief fund. Fan cy work and candy Swefe for sale. 4 na,i- slcal program included vocal Solos by MT. McKenna of Willimsntic. piano solo by Miss Dorothy Brown, violin solo By Paul Hopkins and selections by the Hopkins | orchestra, Mrs. Paul Hopkins aec6mpa- hist The proceeds amounted to about $50. The young ladies in the class in elude Misses Marguerite Cook, Chrissie Pearl, Polly Bixby, Charlotte Lathrop, Insz Hopkins, Annie Trigger and Ruth Wilson. -5-1 Mrs. Ada Larrabee entertained the members of the Auction Bridge club Mon Mon Mrs. R. T. Bixby gave a very pleasant | informal reception Friday afternoon for Mrs. Helen Boss Cummings of WTilihnan- tic Miss E. c. NeaIe poured chocolate and Miss Dorothy Brown poured tea. There were absut 40 pfeeseat during the afternoon. 'e,@s sS
 Keeney Lathrop, Exeter, N. H, Miss Julia Guild, Andever, Mass. Miss D.. Frances Campbell. Washington, D. C., Alan Guild, Faie, Goodwin Watsrous. Boston, Eden Cook, worcester, are at home home fer the hselidays.
 I Inursday evening, Dec. 23, the local grammar school and the Congr regati0aai Sunday school held a combir ton enter tainnlent in the chapel. i&,per was seTFea the children at o'clock. A tree and program followed.
 1 Last Sunday was observed as Christmas Sunday at the Congregational church. In his sermon Rev. A. ". Clifford combined the Christmas message with an appeal for the Near East relief fund. There were two anthems by the choir, with soprano and Tenor solos by Miss Anderson and MT CliTord The special offering taken for l the N. E. R. amounted to over s30. Over S2e0 has been raised in various ways for this fund much of the credit being due to the efforts of Mrs. H. C."Iathr6p. l Mrs. chauncey wilson of the Jerusalem iistfict Nas ken suddenly i'll Friday and surgical operation will De neces. lsary.
 The old folks concert given by the young people last fan is to s6e repeated
 by request in the Baptist church in Willi- 1 mantle MT. and Mrs. Paul Hopkins are
 the acconpanfsts on violin and plano.
 al Sunday school wifi give q Ghnstmal concert in the church under the direetioE
 of Mrs. H. c. Lathrop.
 The Windham library yas open Friday 1 this week from f6 D. fl. fi open f'''sS
 The children of St. eaurs Sunday
 school are planning to hold their Christ
 mas entertainment on Holy Innocents
 day, Tuesday afternoon, at the pprist
 house F1f'9"
 Miss Mary Packer is spending the hsii' days with her sister in Mystic.
 Kingsley Brown is assisting friends k
Norwich bulletin., 1920-12-24
WAUREGAN

Mrs. Harold Wignall and son Kenneth are spending the holidays in New Bedford Mass
 Philip Johnson is passing his vacation with his parents, MT. and Mrs. F. T. John. rnn.
 Allard's basketball team of Moosup war defeated by the local Crackerjacks Of this village Monday evening.
 The Congregational Sunday school viii hold it's Christmas tree this fFriday) evening A Christmas concert will be hell Sunday afternoon.
Norwich bulletin., 1920-12-24
DANELsgN
lContlnu.d tron fase sl.l

to make the world safe for plund CTS. Hardly a day passes now without bring ing one or more applications to local po- lice or court officials for permission to be locked up on charge of vagrancy. sentence on Yagrancy charge means a winter in tle comforta billy heated county jail at Brooklyn, where good ana substantial food is furnished prisoners without cost These pleas for soft win ~being given much heed However, and the applicants are regularly advised to look elsewhere, though no really de- serving unfortunate will be left to suffer through forced unemployment.
 Manufacturing plants operating in the town of Killingly win close today for the Christmas holiday period. This year the workers will have until Monday, as Christmas falls on Saturday.
 Attorney and Arthur G. Bill are at New Rochelle to spend the holiday sea son with relatives
 Miss Alice Caron, who is a school nurse located in Baltimore, arrived Thursday evening to spend the holiday season witI Mre. George Caron and family of Me chanic street. Miss Caron formerly was resident here.
 Samuel Back, student at Yale univer. sity, is spending the vacation period witt his parents, Attorney and Mrs. Harry E Back
 Miss Annie Hutchins, who was a pa tient at the Day KimbalI hospital for number of weeks is at her home or Main street, showing steady improvement 1 after undergoing surgical operation. Members sof the Danielson Girls clul l win 90 abodt the borough singing carroll l this evening, pretty Christmas eve GUS | tom coming down from ye olden times
 rV The millions of votes that President elect Harding received in the Novembe
 election will look like the change. iron | nickel as compared with the number 1 pf votes some of the cempetitiors in tn local poneyScoptest are accumnlating. 1 New sections of state road fencin, being esected along the main hishwa, |. leading from the Four Corners into Day
 vi,le Thursday and on the state read be
 tween Dayyfiie and AttaEa ugan.
Norwich bulletin., 1920-12-24

through sleeping carg at night to see that Pullman ernploye is on guard in each car in service 7 e'' Wooden coaches or wooden combined
 cars must not be placed between steel cars or between steel cars and the en- 1 zine q
 adyertising matter or literature not direct. 1 ly connected with the business of the
 company must De prohibited. "
Norwich bulletin., 1920-12-24
LISBON

The Missionary society met at the par snnsge Friday afternoon. A description of the people of Asia Minor and their varied religions was very Interestingly given by Miss Sarah Louise Hadley. The church roof has been shingled the past week.
 A comparison of weather conditions will be taken at that time will be for the ls, 1913, the temperature dropped to 12 degrees below zero and the following day 1t was 10 degrees below. Schools in town closed Thursday for the | holiday vacation.
 The Christmas concert is to be held this | Ceriday) evening. The offe'ing which will be taken a tthat tinie will be for the starving children of central Europe.
Norwich bulletin., 1920-12-24
Hartford store during the holidays.

a Hartford store during the holidays.
 Mrs. E. J. Stalker left Monday to spend Christmas with New York relatives.
 new sign has been placed on the library reading room building which reads Windham Library
 Mrs R. T. Bixby left Friday to spend the holidays at Toms River and Montclair, x. J.
 The principal of the grammar school, Miss Florence Tuell, will spend the holi- days at her home near Keene. N. H.
Norwich bulletin., 1920-12-24

Hartford of the graduate hnrses at St. Francis hospital on night duty entertained Mrs. Margaret O'Lough- In, the night ratron. at dinner party in ihe hospital dining room the other night. Mrs. e'Loughlin returned Monday from a trip south lasting 10 days.
Norwich bulletin., 1920-12-24

Cheshire.-Mr. and Mrs. George J. Lane oe Cheshire have taken an apartment in Hartford for the winter. "|
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1920-02-21
EAGLETS.

d. Lunde deserves credit for the
splendid quality of meats with which
he supplies the people.
Jacob Levy, the we'll known TWEEN
ty.first ward Democratic leader. would
make q good county commissioner.
Robert r. 3ampors would make .
great Judge.
There are too many barnaclss In
the city hall.
Dixon G. Williams has high honors
awaiting him at the hands Of the
people.
Fred w. Upham is always on hand
when Chicago wants him, whether 1t
is to bring o national convention to
the city, or to win anything big for
the town. Upham ID always the leader
IN the movement.
~
George =. Brennan 10 one Of the
ablest and most popular Democratic
leaders In Illinois. His acquaintance
with conditions all over the state. his
great circle Of friends and his unim.
peachable democracy are strong ole
ments IN his success.
Frank Johnston. Jr.. the popular
Circuit Judge, is respected By all
classes irrespective OF party.
Robert e. Cantwell, eloquent, able.
courteous and learned IL one Of me
most popular leaders at the Chicago
Bar.
Secretary OF state Louis l. Emmer>
son 10 making . One record and many
friends BY the able and sfacient man.
ner IN which no conducts his great
o0cs.
Captain Henry Channon. the well
known and highly respected president
OF the H. Channon Company. 70 one Of
the men who 10 always working 70
make Chicago greater. Captain Chan.
mons public spirit. his natural energy
and his great popularity make him .
valuable man to any cause that he
! sspousss.
~
John w. Eckhart 10 Q oitissn Of
whom Chicago 10 proud.
~
Andrew J. Ryan IL one of the ablest
and most highly respected lawyers
In Chicago.
Dennis ]. Egan Is q Democratic
leader Of force. ability and popularity