The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-20

totlc Old firm of iE@ssss -; fsSl
Harvey Fisk & Sons.
had arranged to Join
with, the large, stock
exchanges commission
house Of Shonnard &
GO. Yet since then Z. q TeesEs. sEs7 no.
FOUR other firm amalgamat tons have
been announced Kelly, Drayscn &
Converse, Woodlow g., Co, Coombe
Kerr and Pratt, Tate and Haas. -.
9YAtEene, time. the Harvey Fisk firm
ranked second only to j, p. MorEans&
Cog iIt the magnitude of its operations
About the time of the Civil war. and
the years following the firm, I under.
stand, used to do billion dollars worth
Of business a year. Thesname Of this
old house is well known in Europe
as ft' is in America. Morgan 8 Co... the
house Of. Blown Brothers and Harvey
Fisk are banking. names which have
been "a household word in London for
two. generations go :
The Harvey Fisk star waned during
recent years, but it is now again on the
ascendant. The new combination,
Harvey Fisk &. Sons, embraces an i'm:
pressive array of youngfsh men yof
brains, experience, initiative, Judgment
and. enterprise, so that the country may
see. Harvey Fisk. & Sons again become
a power In the banking and investment
world. X 9 ~ ~ Z: 'sa5
Let Germany and the allies reach; a
harmonious asreementsand then see how
promptly American capital will begin
to- flow across the Atlantic >, 'Non-gov-
eminent loans will probably exceed loans
France appreciates friendships, Also
the French know better than any OTHER
nation how to do gracious things. A
very valuable work has been done in
this county for France during recent
years by the Bankers. Trust company
Of New York, but il, has been. done so
quietly and ;unostentiatiously' that the
value of itaprobably; has escaped Most
people, This institution has supplied
American investors and. the American
public with most comprehensive and
authoritative information concerning
Financial, industrial and such like de-
veleptnents. in France. .S,..b1 =
How has France acknowledged her
Appreciation ? This week Seward Pros
ser, head of the Bankers Trust com.
pany, was made an. officer in the Lee
Eion Of Honor-.-he formerly was a
chevalier ; 70
We Americans are so fond of giving
our. friends titles that it is a wonder
we have mot departed before now from
the policy of having no official honor
afy titles to bestow. on conspicuously
worthy citizens. About the only
progress we have made along this line
is,to start q haiE6f famess but we make
eligibles wait until they have, been, dead
ten years before thus honoring them.
Britain'a labor government is find.
ing labor. the hardest part Of the popu-
lation TO handle. Certain socialistic
theories which looked beautiful on
paper, and sounded captivating when
rolled off the tongue are now found by
the labor lawmakers to be impracticabie
The labor government was elected large
" on "a pledge to impose a stiff levy on
capital. The moment the labor party
got into power it abandoned this
pledge.
No. engine, no steamer ever develops
its full theoretical power. Theory-sis
one thing. This workaday world Is AN
other. i, =. 49,. -,
Hugo SHINES has left two grown-up
sonsk active in his business, DR.. Ed
niund. Shines, who is %, and Hugo
SHINES, who is year younger. Z; They
say that young Hugo is chip off, the
old block. He is described as an ex-
tremely astute financier, who has in
herited the acquisitive faculty. -
Is your acQuisitive bump well de-
veloped?. ~. -
You know, there are lots of men in
the business and financial world who
have'1nade big names for themselves but
who have not this acquisitive faculty
highly developed. = know several null
/. timilhonaires who have been so busy
accommodating money that they have
remained more or. less illiterate. This
is in. contrast with the majority of our
big men. No matter how little. school
ing they may originally have had, they
resnow really highly educated men.
Frankly, the mentally undeveIoped
money makers are not particularly at
tractive. ..:I. ~ ..
4 What is the truth about, farmers in
The northwest?. Are the. majority of
Mem down and out? Or are those who
lave lefti no stone unturned to pull
through still in the ring !? Several asri-
cultural men write impressing me-that
conditions are deplorabie and complain
ing that the east has no. idea of the
{ravity of the facts. Yet read what C.
q b, Little, president of the First Ma.
Gonal bank of Bismarck. n. D., saws !:
= Farmers who, have been. lessening
.1eir risks by a mixed farming program
tnstead OF the one-crop plan-gamhIing
alI On wheat-are, not having any trou-
Die. There viii be no trouble for the
lan who raises feed, corn; cattle and
hogs and makes his products ready for
11arket." e. e - : :
Many business men have found IL
ecessary since 1920, to bestir them
eelves, to think up new plans and &C.
tiyfties in order to make ends meet
Failures have, not been, confined Ito
aEmers, by any means, THOUSANDS and
thousa1ds of, business. concerns .tEiat
we're content to jog along ip the old tut
have gone under. is4|f - :
Farming in many sections have nbw
become, like business in that it has to be
iixed with brains if success is to be
attained. :, & -
Quite a number of high.nps. in the
financial world new think stocks are
unusually cheap. - ~