The Birmingham age-herald., 1924-12-07

Il generally speaking, mean proIltS to pe added to income tax statements rather than losses to be deducted? Conditions | were totally different year ago. This year 1t is more likely that selling of securities will be delayed until after Jan. to avoid the heavier tax pay ments."
 q never thought of that, but guess 1t is so he remarked. II better go and telephone my orders right now. Whatever may happen to weaken the stock quotations, "selling to establish losses" is not likely to cut any figure this December.
 Edison's suggested remedy for con- gested traffic, ''build no more sky scrapers," is about the last one likely to be adopted. We are very much of a rising nation.
 The willy diplomats and politicians of Europe are already complaining that the 32-year-old American, s. Parker payments, is hard to handle. Veteran schemers doubtless imagined that this boyish American could be twisted around their little finger. They started to waylay him. ''They now complain" says one cable dispatch, "that he avoids conferences with great ability"
 European intriguers will discover that Gilbert is older than his years. They will discover that he is not at all over awed on meeting high dignitaries. The best brains of America selected Gilberts brains for the hardest job in Europe, and the Europeans will find, as they already are finding, that Gilbert cannot be swept off his head or his feet. He enjoys, of course, most intimate reia- tionships with the ablest advisers in this country and he no doubt will seek coun- sel. But young Gilbert will not be at all afraid to make his own decisions. Once he does make decisions, not all to budge him.
 Gilbert must be proving new species of American to these plotting European diplomats, accustomed to meeting and seeing Iighthearted, holidaying Amer jeans.
 Simon Guggenheim, president of the American Smelting and Refining com pany tells me that there Is no truth whatever in tife recent newspaper report that the company contemplates shutting down all it's mining properties in the state of Chihuahua, Mexico, on account of the labor laws there. One mining company had a controversy with the authorities, but smelters hao notnlng to do with the company.
 The Guggenheims have had such vast experience in conducting operations in various parts of the world that they have learned to avoid rather than to pick quarrels.
 A pointer for some of the rest of the United States.
 The Federal Reserve bank governors have decided not to undertake the regis tration of commercial paper. Apparent ly most of the governors share the view expressed by Governor Calkins Of the San Francisco Federal Reserve bank, who writes me as follows:
 "Is is my opinion that while registra- tion of commercial paper for the protec- tion of purchasers would be highly desirable it is probably not expedient for Federal Reserve banks to undertake that service. It appears to me that Governor Harding's suggestion that 1t might be considered by the American Bankers association as good thing.
 "The important matter doubtless will be brought before the American Bank ers' association for consideration before its next annual convention"
 Tomorrow, Dec. z, is international Golden Rule Sunday. It will be ob- served in 20 or more countries. You are requested to cut down your dinner to something like the frugal meal served in the Near East orphanages and to send the saving to the Near East relief, which mas QeaQQuarlerS at Ao! cAAIA avenue, New York.
 The Dawes family is coming to the front. Its most spectacular member, General Dawes, becomes vice president of the United States March 4. He is switching from business to public office. His brother, Henry, has just switched from public office to business; he had resigned as comptroller of the currency at Washington, to become president of the Pure Oil company. Another broth CT, B. G. Dawes, steps from the presi- dency to the chairmanship of this same company.
 A certain school of writers tell us that will power is unconquerable, and that we can become what we will to become. Maybe, maybe not. You will have noticed that some families are en- dowed with better brains than others. The Dawes family must have picked their ancestors wisely.
 Wall street clerks are extremely bull dsh-over prospective Christmas bonuses.
 SUGAR MARKET
 NEW YORK, Dec. 6.-The raw sugar market was unchanged, spot supplies quoted at 615c, duty paid. Future ship xnents were lower. The only sale re-