New Britain herald., 1922-01-18

of the professional group; Johnstone Vance, of the retail trade group; Cur | tis l.. Sheldon, of the real estate. in- surance and financial group; and Jo- seph k. Andrews, at large. The re- | tirins directors are George T, Kim ball, Rev, Samuel Sutcliffe. A. A, Mills. Frank Holmes and John Lock- Ctt
 Brown Speaks. In introducing Walter B. Brown, editor of the New York Commercial. | the toastmaster said the history of the New York Commercial has been the history of commerce in the United States
 America still Young. American business spirit Is founded on optimism and that optimism comes of the inborn confidence ~ of every American that he can accomplish whatever he sets out to do. There is something in the land itself that develops this spirit and after all 1t is not hard to ind. While the greatest impetus to the settlement of this country came from England thereby making 1t an English speaking nation, our forefathers nevertheless came from many lands, but after they were here for time, they imbibed that distinctive quality which we call Americanism.
 Do you ever stop to realize how young this nation really is? It still lacks four years of the 150th anniver- sary of the signing of the Declaration of Independence. our British cousins go back to 1066 for starting point. They had start of 7lO, years over us, but in 145 years we have caught up to them and overtaken them as the worlds greatest nation,
 Today's Trouble
 We are suffering today because we cannot reach out into the markets of the world and sell our surplus prod ucts We are d nation Of excess pro- auction. The south is struggling TOT existence because it cannot sell It's surplus cotton; the southwest because it cannot sell it's surplus beeti the buying power of the middlewest IS weakened because it cannot sell It's grain and all manufacturing states are struggling with the unemploy- ment problem because they cannot dispose of that last 10 per cent. Of their output.
 Concerning Wages
 We cannot expect the wage earn CTS to go back to the pre-war stan dard of living. That would have ad- vanced in any case, for a more lib eral view of the social welfare of em poyes was being taken even before the war set in. We have every right to assume that it would have contln- ued progressively along the lines ii has already started.
 "These higher standards of living are an asset to the community, and even though we may have to pay somewhat higher wage scales than Tn 1914, not, of course, on the lnHated basis of 1919, it will represent an ln- crease in purchasing power which will react to the benefit of all indus try.
 Federal Reserve
 There has been great deal ot criticism leveled against the federa reserve with most of which, have leen able to agree, and which, l be- lieye, has been due to a misconcep- tion of it's powers and ability, It has been blamed for everything that mas overtaken the business world in the last 20 months while it has stood as a bulwark between financial collapse and the people of the United States Without it, even though we are the richest nation in the world, with all the rest of the world owing us money, we would have had financial panlc.
 A novelty egg beater, manufactured by the Taplin Manufacturing com pany, of New Britain, was presented to each guest. Rev. William Ross made the invocation.
 Strictly fresh eggs 51c. Russell Bros' -advt.