The Washington times., 1922-03-26


pen. Either Lenin and Trotzky will
resort to granting all kinds of con
cessions" to foreigners for cash con.
siderations, and thus strive to keep
things going. Or, disintegration
, would appear to be inevitable.
The world will watch with keen IN
terest how Lenin behaves at the
Genoa conference-provided, that is,
his reported illness does not prevent
his attendance.
1 ran into Charles A. Stone, foun.
der and upbuilder of the famous en-.
cheering and electrical construction
firm of Stone & Webster and presi-
dent OF the American international
Corporation, yesterday, and you
will be glad to know that he finds
things are distinctly on the mend. AS
head OF the American international
Corporation, Mr.. Stone is kept in
very close touch with activities in
most parts Of the world, particular
ly in the Orient and in South Amer
icaa. SO that he Is peculiarly fitted TO
Judge how things are going abroad.
Through his own organizations. and
also as director of the Federal Re-
serve Bank Of New York-which, uy
the way, does one-third Of the ro-
serve banking business of the coun-
try-Mr. Stone is also particularly
well posted on current events at
home.
He is confident that the financial
snd business t~eakers of the last
eighteen months have subsided, and
that there will be smoother sailing
from now on. although he feels that
very energetic and industrious ef-
forts will have TO be put forth in
most lines in order to earn moder-
ately satisfactory profits this year.
Mr.. Stone declares that the Ameri-
,an international Corporation has
now been able 70 evolve a most com.
pact and efficient organization of
team workers, an achievement that
noet companies did not find possible
during the teverish days of the war
boom.
Mammoth mergers are in the air
That, however. iE as far as most of
them have gotten so far.
One Of the most interesting
schemes under discussion is that OF
Mexican Petroleum. Standard Oil,
Texas Company. Sinclair Consoli-
dated and Atlantic Refining Ito pool
their resources for development Of
new producing fields in Mexico"
President Teagle, Of Standard Oil,
admits that a proposal OF this ger.
eral character has been under dis
cussion for several months without
reaching any definite conclusion
Several hatchcts will have to be
hur'ed before any such far-reaching
cooperative plar can be worked out.
IN Ia M al Rt -
than to get them ready for sigma.
lures on the dotted line.
Gigantic New Rail System
Planned in Proposed Merger" was
front-page headline yesterday.
The roads which the merger makers
on paper are including are Della
ware, Lackawanna and Western,
New York, Chicago and ST. Louis.
Toledo, st. Louis and Western,
Pere Marquette and Ann Arbor.
This combination is going to rival
the New York Central and the
Pennsylvania systems, its dreamers
declare. Seeing will be believing.
The loudly heralded steel mergers
are still, you will notice, only in
the talk stage. So are all the other
wonderful combinations which Wall
Street has been forming while
watching the stock ticker.
Notwithstanding that most condi.
tions are favorable for the flotation
of big mergers. particularly none
tary and security market condi-
tions, l can't become excited over
most Of the gigantic deeals now
being glibly formed by tongue and
pen. l find myself from Missouri.
Aren't you?
Chairman Lasker calls the bids
received for the Shipping Boards
/ 400 vessels Jokes" Cnfortu
nately, the Joke" is on the public,
on the public's pocket.
Our adventures on the sea have
thus far proved the most costly ex-
perience of any connected with the
war. Nor is the end yet.
However, Lasker, all shipping
men agree, is wrestling heroically
and iridustriously and ably with the
heart breaking problem, and may
be depended upon to make the best
of a sad state of affairs.
In course Of a chat yesterday, A.
L. Scheuer, chairman of the Kelly
Springfield Tire Company, told me
that their business is running graft
fyingly ahead Of last year.
This corroborates what we have
been hearing lately regarding notable
increases In orders for automobiles. |
So many individuals and business
concerns have put off and put OFF
necessary purchases Of both passen- |
ger and commercial cars during the |
ast eighteen months that 1t is not |