davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-03-02

world bought from us. Today that
source is gone, but we still sell a
certain amount of exports to South
America and South Africa, for which
we are paid in gold"
Denies Currency Plot.
You big industrialists have been
accused of deliberately depreciating
the mark for your own personal in
terests. Is this true?"
How does it benefit us?" Mr..
Deutsch came back with considerable
animation. Prove to me how 1t
benefits us in any single way? have
already shown you that our labor
cost is Just as high as it was before
tho war. You yourself mentioned the
amount of raw materials which we
buy from the United States and for
which we pay in gold. Furthermore,
with the shutdown Of the Ruhr, we
must purchase coal from Great Brit
ain and iron ore from Sweden and
Spain, for all of which we pay In
gold at terribly deprecated rate Of
exchange. How does that benefit us?'
"Was it not a simple matter to get
rich quick by borrowing from the
banks and then repaying when de-
probation had made the original loan
practically valueless?" 1 suggested.
"Yes," Mr.. Deutsch admitted,
'banks very foolishly allowed this,
and business men were not slow to
take advantage OF it. 1t has been
stopped now, of course. But there is
another side to that question. Let me
give you some figures 1 was working
out the other day."
Mr.. Deutsch pushed button in his
beautiful mahogany desk, and, ad-
dressing his secretary in English,
was handed a sheaf of papers.
Depreciation Losses.
"Here." he resumed, "is the case
of q factory which on July 1, 1921,
had a capital Of 100000 paper
marks, which at that time amounted
to 100000 gold marks. The owner
balanced his account on June, 1922,
when 1t proved that, owing to a fur
ther depreciation of exchange, his
capital was diminished to 100000 gold
markA HIS net gain during that
CONTINUED on Third Page.)
Evening star., 1924-03-02

cause wages change only once a
week, while the exchange fluctuates
every day, and the exchange drop
ped very rapidly this week.
But labor is more expensive than
figures indicate. We are bound down
by a myriad Of socialist laws which
| make it difficult for me to dismiss
workmen when I want to and impos-
sible to speed up production. The
AEG employs $4,000 hands. Now, If
I dismissed five or even ten thousand
of them. I could get almost the same
amount Of work from the remainder.
simply because the fear of losing
their Jobs would make them speed up,
Equal Wages for All.
"Also the socialists have now
forced upon US the rule OF paying
the same wage for skilled and un-
skilled labor. young and old.
Finally" Mr.. Deutsch added rue
fully, "the government requires US
This necessitates tremendous
amount of bookkeeping, for which
we require 500 clerks. and gives us
an additional overhead expense. with
which competing countries are not
burdened."
"If you are not making profits, ]
persisted, "why do German deposits
in New York banks amount TO about
$70o. .ooo, ,o0o?'
Partly prewar deposits, suppose,
part kept there by SPECTATORS, and
some Of It legitimate profits used for
purchasing raw materials from the
United States"
Did you know that Germany had
purchased 1921, 100000 worth OF cot
ton and copper from the United States
during the first eight months of
1922" asked.
VERY likely" Mr. Deutsch ac-
knowledged. my own firm buys
$4,000 worth Of copper and lead a
day. We must buy raw materials in
order to manufacture"
Where do you get the gold for
these purchaser" asked, bluntly.
I'm part through the sale Of paper
money and in part through sale of
exports. Until six months ago we
paid for most Of our raw materials
out Of paper marks, which the entire
Evening star., 1924-03-02

II Ine uoSIltul1On OF Ln0 masses
- of the German people, are the
| big German industrialists reaping
| enormous profits and building up vast
fortunes in foreign countries?
That question is being repeatedly
asked by nations outside of Germany,
| and have just put it squarely up to
Felix Deutsch, one of the two great
| over1ords of German industry. The
other is, of course, Hugo SHINES.
Herr Deutsch replied to my ques-
| tion not merely with an emphatic de-
nia1, but with q prediction that the
| German industrialists were headed
! for an Inevitable crash, which will
/; come within the next twelve months.
| If the firms which Deutsch controls
do crash. the shock will be felt
/ around the world. His name appears
! on the governing board Of fifty -eight
concerns, ranging from great railroad
| systems, international electrical in
| dustrfes and machine foundries to
artificial limb factories and paper
| mills. His interests radiate from
Germany to tho United States, South
America, Mexico, Scandinavia, Great
Britain, Italy and practically every
country Of eastern Europe. In the
| United States he has close affiliations
! with the General Electric Company of
| Schenectady.
I explained to Mr.. Deutsch that to
| the man in the street 1t seemed that
| the mass of German people ap-
preached starvation while the big In
! dustrialists were exploiting the ma
i tions misery to gigantic profit.
Not Based ON Fact.
| II know this Is the wall of the So
cialist," Mr.. Deutsch Interrupted my
explanation. but their reasoning is
not always based upon economic fact.
/ They see that we are paying a high
dividend, but don't stop to figure out
what that dividend amounts to In
paper marks.
! Let me tell you Of the position one
of my English friends Is in today. He
owns 100000 shares of our stock.
In tho last year prior to tho war We
paid IA per cent dividends. and he
Evening star., 1924-03-02
History Is Written
In Potomac Forests

Editorial ip American Forest
If Capt. John Smith, adventurer at
large and the hero Of that wonderful
story in which Pocahontas and her
fathers stone ak figured SO largely,
could be set down Just a little west
of Washington, D. c., on the banks
of the Potomac, he would be able to
find the great trees which he used
as landmarks when he traced a rude
map OF the region to show his gra-
cious queen. Could Gen. Braddock
be returned to u.s.. and should he
march northwestward' up the Poto-
mac from Great Falls he would be
able to find the same trails down
which the Indians filtered as they
silently swarmed about him to de-
stroy his relocated guardsmen, who
stuck to the British military tactics
and scorned the woodcraft of the
colonists. Traces of George Wash
ington himself are to be found in
these woods. and at any place among
these old trees 1t is much easier for
one to believe himself in an utterly
! unexplored or unsettled country than
Capital is but a few miles away.
The banks of the Potomac. north
and south. are the actual fringes of
the conflict In the civil war. More
strategy, more tragedy. more heart
rending history was enacted along
those banks from 1851 to 1865 than
anywhere else in all the world before.
the Potomac should be bought by the
government should meet with imme-
diate and enthusiastic action. The
people of America should own that
strip of stream and woodland and
prize it as a jewel. There is no
place in America redolent of greater
| tradition, sacred to more memories
| of important past. There is no bet
| ter way to preserve our historic yes
! terdays forever than by owning that
| forest land. There is no doubt about
| its wondrous beauty; to own it would
be actually to possess the exact
thing our pioneer forefathers owned
and made sacred. The nation can
actually have. history kept thus for
all time.
These great woods, which sweep
downward from the crest of the AL
legheny mountains across the Blue
Ridge and follow the slope toward
the lower reaches of the Potomac
river. once covered the site of Wash
| ington. D. c. There are some noble
trees from that forest still standing
in the National Capital, but none
seem to be sacred or immune If a
| matter Of real estate development is
bubbling over. One Of the greatest
trees of this forest stood where Wis
. consin avenue and Massachusetts
avenue intersect. 1t was an oak
| which 800 years ago was known the
world around, for voyagers from
every land plying the Potomac
, marked that tree upon their charts.
It overtopped every other tree in this
! part of the world. A giant, a friend,
a beacon to travelled mariners, one
| would think it should be preserved
graciously to the end of Its days.
But a cheap apartment house stands
| where once that great American
lived.
Let us all work to save the rest
of this bit Of history from any such
murder.
Evening star., 1924-03-02
PORTO RICO MAY OBTAIN
CHANCE AT HOME RULE
But SelfCovernment Probably Must
Be Along Lines Approved
by United States.
BN BEN MckELWAY.

NCLE SAM may soon give his
island possession OF Porto
L Rico q try at running its
own affairs, provided, of
course. that those affairs are run ac-
cording to the way Uncle Sam thinks
they should be run. The Porto Rfcans
meanwhile are left TO speculate on
the doubtful advantages of self-gov-
ernment under such conditions and
conjecture on the outcome of con-
gressional deliberation over their ul-
tImate status as American citizens.
A Porto Rican delegation left
Washington last week after success
fully undergoing the ordeal Of ap-
pearing with u request before a
committee of Congress. Their request
was comparatively simple. They
wanted to elect their own governor
an officer now appointed by the
President of the United States; they
asked for some increases in salary for
their higher officials, and for the
benefits Of federal aid now enjoyed
by the states under such measures as
the Sheppard -Towner maternity act.
the good roads act and the vocational
education law They were graciously
received by the President and con-
Quoted to a committee room at the
Capitol, where the members of the
House committee on insular affairs
| heard their arguments. questioned
them and conducted itself as commit
tees usually. conduct themselves.
Their requests were embodied in bills
introduced In the House by Felix
Dayila, Porto RicanA resident COM
| missioner. The bureau of insular af-
fairs of the War Department Endorsed
the plan for electing of their gov
ernor.
Things looked very, bright for the
Porto Ricans when they left Wash
ington, but on the eve OF their de-
parture from the United States the
sky became slightly overcast and the
barometer fell rapidly. Representa-
tive Fairfield of Indiana caused the
disturbance by introducing a bill.
Mr. Fairfield Is chairman of the
House committee on inSular affairs,
and his bill probably reflects the
feeling of his committee. His meas
ure contained what the Porto Ricans
had asked for, but went further and
provided for the Porto Ricans what
is, commonly and vulgarly termed a
| fly in the ointment. or, in more po-
| lite circles, plain Joker.
This measure provides that the
Porto Ricans shall be given the self
Evening star., 1924-03-02
Great German Industrial Crash Looms,
Says Magnate, Who Cites Hard Times

therefore received 100000 marks, or
$4,000. In the year 1922 we paid
20 per cent dividends, so that my
friend received 100000 marks. But
those marks were only worth Is. and
If my friend relied solely upon those
dividends for support he would now
be starving.
To-day AEG shares have risen
about 3O0,000.000 per cent in paper
marks. But If my friend were to sell
his shares today he would receive
only f3 for each Of them, while prior
to the war they would have netted
him f120 each.
"And here is another thing which
the outside world doesn't know
about" MIR. Deutsch went on earnest
ly. 'In tho finishing industries at
least German factories are using UP
all their prewar accumulated capi
tai. In other words. we are not
replacing our worn-out machinery
or keeping our equipment up to date.
There is little depreciation on the
great blast furnaces and massive
equipment Of the heavy industries.
ventions and constant wear and tear
send machinery to the scrap heap
very quickly. Now before the war
the average finishing industry laid
aside every year for depreciation 20
per cent Of the value of its equip
ment. In my opinion this must be
done today. But with most of our
machinery purchasable only in gold.
and considerably higher than the
prewar prices. this depreciation fund
is obviously impossible.
Crash Declared Coming.
Therefore most Of the finishing
industries today are eating up their
substance, living on their own meat.
We are not camels, and we cannot do
this forever. L I.believe there is going
to be a crash, and 1t is coming within
the next twelve months"
"But your labor costs are far be-
low their prewar cost?" suggested.
Not always" Mr.. Deutsch returned
quickly. ut varies with the ex-
change. For instance, in my own
plant our labor cost last week equal
ed our prewar cost. This week It
will be only 60 per cent. That is be-
Evening star., 1924-03-02
BY DREW PEARSON.

:: $ !: !: :: +: s.:
~ of the German peonle are the
Evening star., 1924-03-02

Continued on Third Page.)
New Britain herald., 1924-04-19

artists names roughly painted on the
 erased Few are the names of men
 whose families are known. They are
 ings-not the Mills and Smiths and
 Jones of inc land. They are names.
 most of them. of lads who would have been the physical workers of New , Britain-and they are names-ail of them of boys who fought and died under the Stars and Stripes.
 In planning the permanent mcmor- ial, the people of the city who love 10 20 to that Court of Honor of which practically every visitor 10 the city speaks, should be remembered. In ad- miration for the memorial as pro- posed il should not be forgotten that the poople Of New Britain love that Court Of Honor: that the people. all Of us. would miss it were it to be taken aWay-that there might come a feeling, almost, that we had taken something more from those who have given their all; that many would like to see the Court of Honor made permanent by stone shafts--an arch of stone.
 This is not q question for the Her ald 10 decide: not question for a few people oi fine artistic susceptibilities. 1t is question for all the people to express. if possible, their views, bear ing ill mind, however, that artists do know what will be apt to prove effec- ] tive and worthy after the passing of the long, long years.
New Britain herald., 1924-04-19
Observations on He Weather

Washington, April 1g.-Wcather outlook for the week beginning Monday.
 North and middle Atlantic states generally fair with temperature slight ly below normal first part, consider able cloudincss with occasional showers with temperature near nUr- maj latter part.
 Forecast for Southern New Eng land: Fair tonight: Sunday fncreas- ing cloudiness, probably followed bv light rain Sunday afternoon or night: diminishing northwest winds, backing to southcrly Sunday.
 Forecast for Eastern New York: Fair tonight: Sunday increasing cloudiness. probably followed by light iccal rain; not much change in tenn ptrature: diminishing northwest winds backing to sontheriy by Sum day.
 For ronnecticut. Fair tonight. Sunday increasing cioudiuess probably followed bt light rain Sunday after noon or night; diminishing northwest winds backing 10 souiherly Sunday.
 Conditions: The storm which was central yesterday morning over Gpor- Eia moved rapidly H0Ttheastvard and is nov central near Nantucket. Mass. Tine greatest rainfall reported was Z:21 inches at New Haten. AH- other disturbance central this morn ing over Iowa is causing unsettled st atlicr in the upper Mississippi saIIey. The temperature IS rising slowly from tIIe Rockies eastward.
 Conditions favor for this vicinity fair weather with slightly higher
New Britain herald., 1924-04-19
TROLLEY FARE sIrt ariox

There arc thousands of people in this rity who are vitally interested in the trolley fare situation. They want to know eSaciIy where New Britain stands in fhe minds Of members of the public utilities commission. Is New Britain cIasseI with Hartford. New Haten and Bridgeport. or is this city considered one Of the smaller towns which does not pay expenses us far as the trolley compauy Is concerned? Moreover the people want 10 know whether or not tire lack Of publicity in regard 10 uHr city's stand on the mai fer CT lower fares means that New Britain is asleep al Inc switch.
 There are occasions when mayor. 2 corporation counsel. or an adviser is able to accomplish more by rccog- niziuE the wisdom CT those n hu have the final word in g ease. than they may accomplish by making a srand- 1.
New Britain herald., 1924-04-19
: 25 Fears Ago To-day
tTaken from Herald Of that date,

II was announced today that Lan. ders, Frary X Clark Mfg. Co. are go- ing to put up an addition to their brass foundry on East Main street 10 be used as core room and Will also i erect another building eT by 66 feet and three stories high on the same street.
 According to the first annual report or the water department which was 'ound in the city clerks office today, the estimated cost of building the shuttle Meadow reservoir was ss7,S12. Work was begun on the reservoir July S. 1858 and % days later. Octo- Der z. fl was completed with the ex- Ccption Of the drain.
 The feature of the evenings enter taiBmsnt at the needing Of the Young Peoples societies at the Y. N. (. i. last evening was several vocal solos rendered by Frederick W I.a- tham.
 Al a meeting of the trustees of st. Peters l.. z. church. held last eve ming. bids were received from various contractors around the city for the construction Of the new church.
 According 10 a report made from the building inspectors office, B per miis have been issued to date for the month or April. Noticeable among the permits isstlcd is inc large number Of IE rInits issued 10 the manufacturing concerns. Permits being issued to F. X F. C0rbins. New Britain Brass company. and IIanders. Frary & Clark.
New Britain herald., 1924-04-19
THE OBSERVER
Makes Random Observations On the City and Its People

ger. Maybe it's merriIy for you, but
 have on my boudoir slippers" was the dolefuI complaint of the smallest of the movie stars.
 1 AS they proceeded, the girl in the
 lead carried the bases of two lamps
 and wore the shade of one over her
 head. The picture would not be con-
 plete unless they met the garrulous
 male. Well, look at Paul Reyere's l little daughter" said one of the
 males. Lady, your lights are out,'' quoth another.
 At last the end of the journey was reached. Filling their loads on the front steps, the three sat down and sang Home, Sweet Home"
 Members of New Britain lodge, 957,
 E. F. 0. Elks, will be pleased to hear that they are soon 10 have their old telephone number back. within few weeks when they want the club on the phone they will ask for a57.
 For many years, 957 was the num- ber of the clubhouse. It was easily remembered because the lodge is No. 957 of the order. Then came changes. It was necessary for the Bills to look in the book If they wanted to get in communication with the club rooms. Some of them were so absent minded that they even called up their homes. thereby surprising the family.
 Through the efforts of Tom" Stammers, wire chief of the local di- vision of the Southern New England Telephone Co.,, who has recently be- come member of New Britain lodge of Elks, the old number will be re- turned soon, the "owner" of the num- Der having graciously agreed to sur render it because of its association with the Eiks club.
 No. 957 is a number fastened tightly to the lodge. Besides being the lodge number fin the order, it is also the Bills post office box number.
 The observance of Good Friday as a day of mourning in many Christian is one of the most an- cicnt customs of the civilized world. It had its origin in Rome when the ! emperor Constantine prohibited all 1 public activities on the day. As 1 Roman thought spread out to other parts of the world, the observance 1 was on greater scale.
 Good Friday is memorial of the | of Christ. which the Royal | Astronomical society Of Berlin has as April 6, A. D. B. It s legal holiday in Great Britain md Ireland and the British colonies. i is set aside in some states in Ameri- "a as Fast Day although in many .ommonwealths 1t is not recognized at Ill by the civic body. its observance 'eing confined 10 churches.
 In the Roman Catholic church the rass is somewhat different from that cad on other days. the Host having 'een consecrated on the preceding Thursday. In the Anglican and Ro- nan Catholic church a service is held 'etween noon and 3 p. m, tho hours n which Christ is thought to have lung on the cross.
New Britain herald., 1924-04-19
SI.ICHEpREY

i Six years ago tomorrow occurred i the battle of saieheprcy, the conflict
 which brought home 10 people of this | country and especially the people Of
 this city, deep, profound appreciation
 of the true tragedy which was being
 enacted on those fields 10 which our
 men--little more than hoys--had
 gone to give their strength. their
 spirit, their lives if necessary 10 the
 great cause.
 To give their lives. Ii was neces-
 sary at that battle which marked the
 shedding of the life blood of many of
 the fighters from this land of ours
 this city Of ours. Today fragile, make
 shift shafts stand up there in Walnut
 Hill park to show, in symbol, the
 graves Of lads who walked our streets;
 lads who, as we do today, looked for- ward, years ago, to the coming of the spring when they could live and drink fin the joy of the sunshine.
 Many people in this country, men and women and children. perhaps, re- member that day and the news Of the sacrifices made by our American troops--and many Of our own people of this city remember. and weep. Brave was the stand of our troops on that, as on every day of the war when they were called on 10 face the enemy. brave was the spirit which would not be daunted by the fatalities of that hour. Those men of ours gave only what each Of the former service men now walking the streets were prcpsr- i ed 10 give, expected to give. And the i ever continuing tragedy is that it is only on days such as this. just pre- ccding such an anniversary, that VIC feel deeply, profoundly, as we should feel every day, the splendor of the sacrifices made by those who died-- those 10 whom shafts stand almost within sight of all the people Of the city, and the significance Of the vic- tory won on that day.
 Is there any sacrifice the people of his country could make today that would be too great, if it could only show our appreciation of what those men who fought were willing to give 'or their country--our appreciation Of what was given for our country and ,ur country's cause by those men Of New Britain whose sacrifice is marked ,ark?
New Britain herald., 1924-04-19

stand play which will give them
 publicity and d temporary prestige.
 but which will mean nothing eventu-
 ally. 10 tLe people.
 New Britain, through ifs mayor nor through its corporation counsel mas made no erandstand play, The attitude of Mayor Paonessu and Of Corporation Counsel kirkham has been the proper attitude. Working together. they have been looking for results for the hruetit Of the people Of this city. IT is safe to say that no mayor of any city. and TO legal adviser of any city stands in a better position with the public utilt- ties commission than do these repre- scntatires Of this city.
 As d result of this attitude the Her aid takes the risk of asserting that New Britain will not suffer, whatever the decision Of the eommissi0n. If il is decided to divide the territory of the Connecticut company into divisions, which is not probable. making the smaller towns pay a higher fare be- cansc their lines do not pay expenses. New Britain will not be included among those 1allor towns. If ii is decided that the cities which pay eN- pcnscs and profits enough to help sup port the non-paying lines may have q . lower fare, New Britain Yiil be in- cluded among those paying ctiessThe point to be emphasized is that this city has been properly and judiciousiy ! represented by the mayor and the cor l roration counsel, and. by working to- gether as they have, they have brought New Britain into the class of cities ! represented by men who seek rather ! the welfare of the people, more than | publicity for themselves.