Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-01-16
SCOTCH M|LLERS
HERE SEE BIG BOOM
"Pretty Good Sign" Says One,
when ~ Spend $4,000 Each
to Come to v. s."
ARE GUESTS At LUNCHEON

"It's pretty good sign Of better
times in Great Britain when seventeen
SCotsmcn will snend $4,000 apiece for
II business trip TO America" said w.
1row Munro, Scotch mill owrer, to-
day in discussing the mission OF the
Scottish Wooden Trade Mork Assoc!a-
tiOn in this country.
= Mr.. Munro Is spokesman for the
representatives Of this Scotch organi-
ZatiOu, which rcnrcScnts millions in
invested ca' it7l and half the wool out
put of Scotland.
The seventeen members Of the dele
CATION are here fVr the twO-fo pur-
! nose If cementing the tic of business
! friendship between their country and
America. and of taking steps to prevent
the substitution Of bogus goods for
/ genuine Scotch twceds.
( Tho Scotch manufacturers visited the
Wanamaker store at 10 80 o'clock this
morning. and at noon we're received by
Mavor Moore in his office at City Hall.
Later they were luncheon guests of
Gerald Campbell, British Consul Cen
eral here This afternoon they arc
visiting tho Kirschbaum factory. and
tonight will depart for New York.
The seventeen members Of the dele
CATION represent generations of Scotch
nillowners. The "youngCst' of the
seventeen factories they represent has
been in the one family for three genera :
tions. One member Of the delegation,
Tom II. Ballantyn", IS owner of
famous factory which his ancestor
founded 300 years ago.
England and America must draw
MnnnrO.
England. Of course, desires as ex-
tenSive business relations with the
United States ms possible. VIZ live by
our manufactures. and an outlet must
be found for them.
The fec ing in England Is that we
hive turned the corner IN our ahairs'
We passed through an awful six months
COnd tions are better nov. Everything
is going down. Costs of production are
lcssened, and quantity is coming up.
The coal trade Is an example. There
are 900 900 fewer miners, yet they are
turning out 900 900 more tons OF coal
a week than before. haven't thing
to say against tho real miners. Inc
trouble in England was with the men
who came into the industry during the
war because il was protected. Ihey
have been weeded out now.
Costs have gone down in every line
There will be q further reduction in
wages 10 men in mechanical trades on
the first of next month, which will have
its effect in still lesser prices. Houses
are coming down. The Government had
undertakcnt to parity tinanC" the build
ing Of workingmcn's homes. II was
iound that these were costing too much
and the Government withdrew. Prices
dronUcd Instantly. They will go dowr
further yet.
The rate of exchange is still prob.
lem with us, of course, but that Is
remedying itsef. l don't believe ir
artificial Correctivcs for the rate of ex.
change. Hard work is the only way
The pound sterling Is coming up-ii
was S4.@4 Saturday.
In our own woolcn business it has
been necessary during the last two
years TO declare sort Uf unofhCia
moratorium. The manufacturers have
been carrying the jobbers along. Now
it has been decided to come to Il show
down. and We are pocketing our losses
and beginning anew. Since we have
hcpn in this country, word has come o.
two big jobbing firms who have paiC
their creditors what they could ant
started out with clean states.
: I'VE are all placing great hopes II
the present Washington Conference. W,
, are cheerful, confident, optimistic ever
for bright business future. ] bel!cv'
the same economic rebound which w
| are experiencing In England IS surf
to be felt in the United States.