Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-15
|CANAD|ANCOMPANY.
INCREASES ASSETS.
Sun Life Assurance Head AS
serts Confidence in U. S.
Industries.
special Dispatch to The star.


was $50 per cent
I'VE believe in the future of Montreal.
of New York, of Chicago and all our
great cities. We believe still more in the
future of both Canada and the United
States, and our investment policy is
based on that confidence" said this
Scotch president of Canada's largest life
insurance company.
What effect had the stock market
drop on Sun policy?"
When investing our funds we have
an eye to the distant future-l0, 20, 80
years hence" said Mr.. Macaulay.
Through our large stock holdings we
have become permanent partners in the
great utility and other corporations,
which serve our large cities"
United States Government bonds,
preferred and common stocks in Ameri-
can institutions owned by this Canadian
company totaled $500, 100000 out of
combined assets of $3.50, 100000.
The British electrical industry has
been making great strides in recent
years. In 1913 the electrical output in
all its branches amounted to $146,OOO,-
600. an impressive increase over the
S68, 900. 900 done in 1907. But in 1928,
che business reached $4l8. 500. 900. about
three times the pre-war figure and six
times the amount handled 20 years ago.
British electrical exports are Compel
ing in several places successfully with
its American and German competitors.
Last year about $4,000, 900 of its cleo
trical equipment was exported, an in
crease of LAO per cent over 1918.
Unlike the industry in the United
States, the British industry up to re-
Gently had not been concentrated in the
hands OF few firms, but in the last
IL months series of amalgamations
have taken place, which leads one to
suppose that the same developments
which have taken place in the United
States will take place in England.
Today three British groups in the
electrical industry employ about $4,000
workers.
Alanson B. Houghton, who made such
an excellent United States Ambassador
at Berlin and London, began his career
70 years ago as doctor of philosophy
in chemistry.
Then most of the professors of chem
istry believed that it was beneath their
professional dignity to go into active
business, but not DR.. Houghton.
He went to work in glass laboratory
and developed heat resistance glass,
first used in the family oven.
Today AlanSon B. Houghton, &c. is
chairman of the board of the Corning
Glass Works. one of the largest manu-
featuring establishments in the United
States.
His recent activities have not, how
ever, been in the field of glass, but in
| the field Of peace. Let the individuals
OF the Nation who do the fighting and
the suffering vote on the question of
war or peace" is the basis of his peace
plan.
The consumption of cigarettes shows
another year of remarkable expansion
for 1929. 1t registered a gain of 1913
per cent over 1928, with the total num-
Der of cigarettes consumed reaching
10000 100000. an unthinkable figure.
The four principal producers of ciga-
rettes already have laid out their cam
paigns of advertising for 1890. which
center again on woman smokers.
Another large gain is expected both
in sales and in profits during the
current year, with estimated output
Of 100000, 900 cigarettes.
Cigars are holding their own. Their
consumption was about is per cent
I downward trend has been checked, tenn
porarily at least, by the scent cigar,
which is responsible for 81 per cent of
the total output.
1t looks as though many of the cigar
companies will be forced into other
lines, and that before long only few
companies handling the outstanding
popular-priced brands will be left.
Cigarettes, however, have the inside
track, and no one appreciates it more
than the manufacturers themselves.
Oil companies are watching the de-
velopment of the Diesel engine very
carefully, for it is well known that its
operation costs only fraction of what
the present gasoline engine does.
A recent test was made of installing
tomobile. 1t was driven through cold
| and snowy January weather from In
dianapolis to New York, distance of
1872 miles, on 80 gallons of Oil at a cost
| OF $l.43, for this Diesel engine burns
fuel oil, which costs only AIS cents a
gallon, instead of burning gas, which
| casts 81 cents.
Why shouldn't oil corporations be in
terested?
Many people believe that eventually
the Diesel engine will revolutionize the
oil business.
Sir Joshua Stamp, 40, English bust
ness man and financier, when asked re-
Gently for his views on the Citizen of
THE citizen of the future will care
more for others, and that care will have
the richest reaction in his own char
acter. Unselfishness is the only thing
that can supplement this in his charac-
| acter. The citizen of the future will
find out more-he will think and judge
better. He will have a clearer aim and
| weigh the spiritual against the material
| and mercenary, and he will work more
wisely, If not so long, and he will do
it all for love"
Probably no British subject has a
wider sweep of business, both from a
theoretical and practical standpoint
than Sir Joshua Stamp. member of
most of the scholastic organizations of
England, he has represented his coun-
try In mank conferences on both sides
OF the Atlantic. He was an important
member of the committee that framed
the Dawes" report, has spoken and
written extensively on income, wealth.
taxation and banking, and still has time
to attend to the work of the world
He is president of the executive COM
mittee of the London, Midland & Scotch
Railroad, director of the Noble In
ouStrles, Ltd. and a member of the
board OF directors of many companies.
Copyright. 1880, by North American News
paper Alliance0