SIS clMPSONS' DAILY LEADER-TIMES NOVEMBER. 12,1931 Society and Clubs TELEPHONES 19 and 401 BAKTUOLF, DEPARTMENT EDITOE Dinner And Ball Were Enjoyed By Veterans I Touches of Organdie GRANDI COMES TO VISIT HOOVER Coming Events here, its Drum and Bugle corps and Legion Auxiliary, partook of a roast thicken dinner at Clark's Grill at; 0:30 p. m. yesterday a part of the! annual Armistice Day celebration THURSDAY Royal Neighbors will meet in The dinner was replete with lav- i na on Jacob street. nnrt thp hanmmf.
room nn- -u TM ors and the banquet room was appropriately decorated in flags of sev eral nations and flowers of all colors and shapes. The Rev. C. W. Lippincott, new pastor of the Methodist Protestant church here, spoke the invocation and lauded the Legion lor the part it is playing in a and recalled war memories, sincerely hoping that no war equal to or great er than the late World War, the end ing of which was celebrated yesterday, would come" again.
After the dinner the men and women took part in the military ball put on toy the Drum and Bugle Corps in Hose House No. 1 with ir j- sic by the Royal Blkonians. EOYD HENRY GAVE 1LK. TO IOWANIANS Telling of his experle-ices in the World War as -seen fcy, a Private, Boyd C. Henry gave je of the mos; interesting talks las', evening at the regular meeting ci the Kiwanis Club at Kline's tea room, which the club has had the privilege to listen to for some trae.
Mr. Henry cited his experiences from the ti'jie that he left Kittanning until the Armistice was signed. At the time the Armistice was signed, the company in which Mr. Henry wjis a member, was making preparations for an engagement eight days later. They did not know thut the peace treaty had been signed until two days later.
An attendance contest was started last evening which will be continued for the remainder of the year. The club last night voted to give a contribution to the Boy Scouts. MRS. NAN HILL HOSTESS TO CLtIB Mrs. Nan Hill was hostess to her club Wednesday evening at her home on Orr avenue.
Mrs. James May and Mrs. James McClure, were entertained as guests of the club. At the three tables of Five Hundred in play, honors were received by Mrs. Stanley Slease, Mrs.
O. B. French and Mrs, Roy Beatty. A delightful lunch close play. supplemented the The next meeting of the club will be at the home of Mrs.
Floyd Hill or Orr avenue. COMMITTEE OP CLUB DESERVES CREDIT The planting of the trees here In memory of the soldier dead by the Kittanning Garden Club was done under a committee headed by Mrs. Meyer Grecnbaum. Others on Miss Maud the committee were Heilmiin, Mrs. Roy House, Mrs.
Prank J. Atkins. Mtes Bertha Rllcy, Miss Millicent Painter nnd Miss Margaret Gaull. G. A.
R. will hold its regular meeting in the Pythian hall. FRIDAY Needle Craft Club will SATURDAY Daughters of American Hevolu- tion will meet at thfi Lome of Mrs. Frank Atkins at 5 p. m.
S. S. CLTJb AT MRS. HOME Mrs. Charles Toy entertained members of the S.
S. Club at her ho'ae on Garfleld street, West Kit- 'jnning, Tuesday evening. Fancy work and. music were enjoyed. A taffy pull was also an enjoyable feature of the evening.
At a late hour a delightful lunch was served by the hostess. Miss Josephine Rumbaugh will entertain the elub at her home on Orr avenue at the next meeting. Personal Mention Mr. and Mrs. Clarence Olinger and children, of Butler, spent yes- Touches of organdie make this Mr.
and Mrs. Harry Wade, of McKeesport, visited a few days this week with Mr. and Mrs. George King. Wood, screen player, adds pleated white organdie to the bodice of a Mack crepe autumn frock.
Mrs. Fred Bowling and Mrs. Frantz, of Clearfleld, are the guests -of Mrs. Nora Connor, of South Crlbbs, railroad detective, whom she Jefferson street. has known for a number of years.
Mrs. Joseph Dentici and daugh- William B. Hutchison, son of E. ter, Mary, visited with friends In S. Hutchison, South Jefferson street, Punxsutawney Tuesday.
James Cochran of Kittanning, George Selig of New Castle, Mr. and Mrs. Clyde Higglnbotham and son, jeweler, has returned to Kittanning after living five years in Santa Monica, Cal. He will be associated with his father in business here. Mr.
visited Wednesday with Mr. and Mrs. Walter Collar of Cowansvillc. Robert Shubert, a Sophom*ore student at Geneva College, visited at his home on Vine street on Armistice day. Friends of Curt C.
Craig, who suffered a stroke at his home near Pctrolia, a week ago, are glad to learn that there Is a slight improvement in his condition. He is now able to move about in bed some and recognizes members of his family. His condition, however, is still considered serious. Rabbi and Mrs. Hcrshon, of Asbury Park, N.
have returned home after a few days' visit with the former's brother, Arthur Hershon. Mr. Hershon's nephews, Mortin Hcrshon and Sonla Hershen, were also guests at his home for a few days. Madam Shumann-Heink, who ap- spring. Harry Dame, Deputy Internal Revenue collector here, underwent an emergency major operation at the local hospital Tuesday afternoon for appendicitis.
His general condition this morning was good, hospital attaches said. Ridge of Hardpan Bothering Dredgers Although dredging of the river channel here has been under way for several weeks past, it promises to be continued for several months to come. Under the Kltlanning bridge there has been found a peculiar hard ridge which is giving the dredge crews some hard work. It may be tliat It will be necessary to blast out a portion of tills hard- pcared in Pittsburgh last week with i pan which causes heavily-loaded an opera company, passed through barge to drag on the bottom Kittanning Sunday while enrouto to Buffalo, N. Y.
She greeted Harry W. Here's New Vick Plan for Better "Control-of-Colds Tlie work below the bridge is going forward in good shape although this portion of the job promises to i be under way for several months yet to come. It not expected that this job will bo completed before spring, depending greatly on the amount of Made Possible by Now Vick. Product Based on Now Idea for Prevention of Colds Kittanning authorized to new product on trial to Vicks VapoRub users and refund price if Vicks Plan docs not reduce family's yearly "Colds-Tax." Mothers arc guardians of the family health and directors of the family budget. It is the mothers who have worry of colds and their And it is the mothers who especially appreciate the new plan for better "Control-of-Colds" in the home--just announced by the makers OT Vicks VapoRub.
This Plan is made possible by a new preparation, Vicks Nose Throat Drops, based on a new idea in "preventing" colds. It is a companion product to Vicks VapoRub, the modern method of "treating" colds. That is, they aid and supplement each other. Here, briefly, is tho Vick Plan for better "Control-of-Colds" in the home: a Cold Starts. Use Vicks Drops--just a few drops up each nostril--whenever you been exposed to anything which your own experience tells you Is apt to be followed by a cold contact --excesses In living, such as overeating, smoking or drinking--after a hard day, when you arc over tired.
In short, don't wait for that stuffy, sncezy irritation of the nasal passages. Then you are not "catch- Ing have already caught one. a Cold Starts. At night, massage the throat and Ice in the river and also on stage of water. the Templeton Topics New York and Washington are'Bt the throes of elaborate plans for the entertainment of another foreign dignitary.
This time it is Mussolini's right-hand man, Dino Grandi, 36-year-old foreign min- ister, accompanied by his wife, who comes to American shores to talk over world affairs with Preii- dent Hoover and other high U. S. officials. Photos are of Grandi and his wife and children. SENATOR REED TALKS TO D.A1 ATPIITSBURGH Says Treaties and Pacts Insecure As Long As Greed is in World Pittsburgh, Nov.
12--CTJP)--Treat- ies and pacts "such as the League of Nations arc not securities of peace as long as there is greed in the world," U. S. Senator David A. Rend told delegates the Pennsylvania group Daughters oC the American Revolution who are holding their annual conventloc here today. Only adequate defense can antce peace, Reed said in an address last night.
"Our leading position among nations Is ours not because we were adroit in making treaties but because we defended in war and our national freedom was won, not by reason and diplomacy, but by war, waged by ancestors of whom we arc proud," Reed said. "Because we have health regulations we do not disband tile medical profession. Neither should we disband our armies because of peace pacts and International agreements. State officers will be elected today and candidates for vice president general, to represent the Pennsylvania group, D. A.
will be nominated. Mrs. Anthony Wayne Cook, honorary president, said Hie birthplace of George Washington. In Wakcflcid, restored by tile D. A.
R. at a cost or $500,000, will be given to the federal government. The presentation Is to Ire made February 11, 1032, she said. The convention will close tomorrow. Officers elected included: Vice Mrs.
B. B. Brooks and son of Kit- i enl Rmo Wad- tanning, visited at the James Broks home on Wednesday. Frank Walker has moved his family Trom the Rcddinser apartments to the Gault farm house, recently vacated by He Fox who has moved to the W. H.
Smith farm. Mrs. Isaac McCuIlough. Mrs. William McCulIouEb and Mr.
nnd Mrs. Matt Fair of Rimcrton, spent Wednesday at the home of B. 3. McCullough. Rev.
Walter Kennedy was at New A Kensington Thursday attending the Rccorcill '8 Secretary. Mrs. Oliver H. Meyers, Enslon; Treasurer, Mrs. William H.
Erwin, Bethlehem; Librarian, Mrs. Edward G. Caughcy, Scwlckloy; Historian, Miss Harriet Holdcrbsimn, Somerset; Registrar, Miss L. Ethel Boughmer, Uniontown. with others having fresh colds, crowds, stuify ill-ventilated rooms, of-Cold' 1 in the home.
If you public places--a night on the Pull- not satisfied that it actually reduces man or a dusty automobile ride your high cost of colds this winter, sudden changes in temperature, wet your druggist is authorized to rc- or cold--Inhaling smoke, dust, gases fund your chest well with Vicks VapoRub-- funeral service of Mrs. John Hawk now available in "stainless form," if I a former resident of Madison town- you prefer. Spread on thickly and ship. cover with warm flannel, Leave the All the men of the neighborhood bcdclothing loose around the neck are invited to attend the meeting so that the medicated vapors arising in the Church of God Sundav af- may be inhaled freely all night long, temoon at 1 o'clock. Tho meeting is During the day, use Vicks Drops cv- one of more tlian inno being hold cry lew hours--any time, any place.
This gives you a full 24-hour treatment and without the risk of too much internal "dosing," which so often upsets the digestion--especially or children. Both these Vick. products arc external. They can be used freely and as often as needed without the slightest harmful effect. Offer to Vick Users You have Vicks VapoRub.
Now, get a bottle of Vicks Nose Drops. Use it with VapoRub as directed in throughout the country on this clay and nt the same hour. It Is In the inl.erral, of the Laymen's "MiFsinnary Movement. II, bcintr the 2.1th anniversary of the organisation of that movement. Pine township school children rn- a Day.
half holiday on Plumville Ballots Being Recounted the Vick Plan" for better "Control- The ballots of P'umvllle boroimh nrc beinp recounted, by a spccin! HQM Sf mnl HOMELIKE FACILITIES --MODERN EQUIPMENT nE purpose of the funeral home, is to better serve the public by placing al their disposal homelike facilities and modern equipment so necessary to the present day funeral service. This purpose is fulfilled in our funeral home. Up-to-date furnishings and appoint- nicnls provide for every convenience and cimiforl. MONTGOMERY FUNERAL HOME 219-221 No. McKcan i i i a i IVnmt.
Telephones OttiTM 2: WE FVRN1SH A I A A lionrd appointed to do so, to any doubt as to the correct results of last Tuo.sdnyV; election, relative to borough otTiccs. The ballot IX'xes were takon to the court house at Intliann by Sher- A A LAKEHURST TRTP iff Bcrlnnd on ,111 order IVom the i er. court, and the counters arc working Air conditions in the grand jury room. There was a considerable political fight in Plumvilln for borough oJfi- ccs ln'l this oflicial count was necmetl Lakchur.st, N. Nov.
-The U. S. Navy dirigible Akron liov- crcd over the naval air station several hours today preparing to dock after a cruise that Tucrday evening. She entered her hangar at 8:07 a. m.
She slipped through the fo? ov- crhanging Neiv York City soon a midnight and swung oasUvr.Ki fro.n Manhattan island toward Sandy Hook on the last lap of the trip which had included a visit in Akron. Ohio, where the Akron was i Enroiito hern from Akron the huge aircraft seen over Erie, Dunkirk. N. Buffalo, Niagara Pr.lls. Rochester.
Ulicn. Albany, Schnectady, Poughkeepsic and Youkers. Earlier she had appeared over PiLt.sbiir^-h and points in southcr.i New Jersey. Maryland, Virginia and District, of Columbia. Lieutenant Commander Charles E.
Rosondahl explained that poor visibility with a celling of only about 800 feet over Pittsburgh caused him to fly above the haze to avoid dang- GASOLINE TAX MLLBEFOUGHT Gas and Tobacco Taxes Will Be Battled By People of the State Harrisburg, Nov. 12--(UP)--Opponents of the direct taxation proposed by Governor Gifford Plnchot to raise money for roller purposes in Pennsylvania today indicated the courses their arguments will follow. Bepresentatives of automobile associations and gasoline dealers plan to argue that the present three- cent tax per gallon of gasoline is sufficient to provide any amount of revenue needed for road construction. Pinchot proposed that two be added to the gas tax to raise an extra 335,000,000 in two years for increased road building. Manufacturers und dealers in tobacco arc expected to base their opposition to the stamp tax on cigarettes on the claim of double taxation.
Tile federal government imposes a six-cent tax on each package of 20 cigarettes and the Plnchol plan to add a two-cent state tax is unjust, the dealers claim. They indicated they will claim thai the tax burden on smokers would be excessive, that sales will decrease and that the anticipated revenue, set by tho governor at $12,000,000 for the two-year period will not materialize. It is reported that newspaper publishers, fearing a withdrawal or curtailment of cigarette company advertising In event of a state tax, also arc planning to protest the measure. Outdoor advertising companies will ukc a line of argument similar to the cigarette dealers, according to information here. They will claim that a three-cent stale tax on every square foot sf billboard space will only produce about $150,000 annually instead of the SI.000,000 Plnchot estimated from this source.
The billboard firms also will argue that their contributions to charity, welfare and unemployment relief drives'of national, state and io- cal organisations through donations of billboard space for campaign messages and propaganda should offset These opponents of the direct cigarette and billboard taxes and the added gasoline levy will he heard Monday when House ways and mesas committee holds three separate public hearings on the taxation measures. Tlic hcsnass will be held during tiic afternoon nnd immediately bc- fnrc the session reconvenes at nine o'clock. I I A VETERANS ARE HONOR GUESTS Annual Dinner Tendered Them By the Sarah A. Crawford Auxiliary Four Civil "War veterans from this vicinity attended the dinner given in their honor Wednesday at noon by the Sarah A. Crawford Aux iliary in the Methodist Protestant dining room.
The veterans were D. P. Schrecengost, a member of Co. 14th Penn. Vol.
Cavalry and the only surviving member of the John F. Croll Post ol Kittanning; John B. Caldwell, a member of Co. 6th Begimsnt Volunteers, Heavy Artillery; Jeremiah Wyant, a member of Co. 103rd Penna.
Vol. Infantry; and E. G. Eiggle, a member of Co. 14th Penna.
Vol. Cavalry. George K. PeecooK presided as toast-master. Mr.
Peecook said, "Thirteen years ago today joy reigned throughout the world. The ArriUs tice which brought a cessation of the strife in which the principal powers of the world were involved, was signed on a railroad train by representatives of Germany and the Allies. And while Armistice Day Is one of Joyful celebration, it would be well for all to pause as we celebrate and Join with a multitude in a united prayer for surcease from bloody strife." Rev. Lippencott of the M. P.
church gave a most excellent address He said that one thing which he noticed about the veterans was that they did not lilce to talk about the war in which they fought, because they did not care to think of the horrors of it. "The armies are recruited from the youth of the world" he stated. Rev. Lippencott stressed that peace should be Instilled into the-hearts of all men to avoid war. John Caldwell spoke in behalf of the veterans and told of their pleasure in being able to be present at such an affair in their honor.
The Baptist church choir composed of Elmer Booher, Luther Lytle, Walter Minteer and Frank Pulmer, sang several numbers which were greatly appreciated. The ladles of the M. P. church served a most delicious dinner. wcre little better over Eric, the commander said, so ho proceeded on to Buffalo.
There he found the weather clear and he hack to Lakchurst by way of the Mohawk and Hud.son valleys. The Los Angeles accompanied the Advertising will convert deprcs- Akron as far n.s Buffalo and then into the opc-n. departed on a flight of its own. Leader-Times Ads Pay. Ko in 3 seconds or money bnok.
just wet your corn or callous with lOUISli. inline corn remover. KOI-S in stcumlrf. Thry dry up. lift i i Safe, antiseptic.
AllilniK Mores Slnrr SELL your hand-made articles through the Ladies Exchange. For information call 37. Martois Winner Of Railroad Trophy L. C. Martois, Kittanning, supervisor for tilts district of the Pennsylvania Railroad, has received one of the annual awards to supervisors and foremen for maintaining best lines and surfaces.
Others in this district receiving similiar awards are G. H. Hill, foreman, Kiskiminitas Junction, A. E. Rccdy, West Monterey, Beneditto Maritto, Lecchburg and Gulseppe Cartolano, Glassmerc.
Plans Complete for Presbyterian Union Pittsburgh, Nov. 12-- UP)--Tho basis for the organic union of the Presbyterian church in the U. S. A. and the United Presbyterian church, involving about 2,000,000 members, today had been completed and will be sent to the churches for additional suggestions.
The union committee of the two denominations, meeting here this week, announced last night the basis had been completed. The details of the plan were not made public. The committee will meet hero again in March to consider any suggestions which may be made after which the plan will be submitted to general assemblies of the two groups for approval next year. plan l.hen will be Riven to Presbyteries for final approval. THE DEATH RECORD Mrs.
G. W. Ramsey Mrs. G. W.
Ramsey, aged 79, widow of George W. Ramsey, who preceded her in death several years ago, died at 1:30 a. m. Wednesday in Parkers Landing, where she had been a resident for the post fifty years. Surviving arc the following children: Mrs.
Lyda Davis, Pittsburgh: John Ramsey, Mrs. Naunia Bell and Mrs. Lillian Parker, all of Parkers Landing; William Ramsey, Wlllard, Ohio; C. H. Ramsey and W.
A. Ramsey both of Wilkinsburg. Funeral services will be held from the Methodist Episcopal church of Parkers Landing, of which Mrs. Ramsey waa a member, at 2 p. Friday, with the Rev.
Wilton I. Thomas, pastor of that church, officiating. Interment will bo made in the Presbyterian cemetery at that place. Dr. Boy E.
Slcjipy Dr. Roy E. Sloppy, died in his home at Brlghtwood, Bethel township, Allegheny county Monday night at 10 o'clock. Dr. Sleppy was a son of the late Milton J.
Sloppy, a former pastor of the First Methodist Episcopal Church of this place, and will be remembered oy folks here. Funeral services were hc Thursday at 2 o'clock. Dark Honei Black or brown horses are used generally by city mounted police. While anil light horses soli too ensi' Iy and they are said to IMS Veil' nhlo in temper than the dark anl mills. Do you know that the leased wire of the Leader-Times bringing you world news is the same as used by Pittsburgh papers? Safe Pleasant Way TO LOSE FAT How would you like to lose 15 pounds of fat In a month and at the same time increase your energy and improve your health' How would you like to lose load of unhealthy fat that you don't need and don't want and at the same time feel better than you have for years? How would you like to lose your double chin and your too prominent hips and at the same time make your skin so clean and clear that it will compel admiration? How would you like to gel your weight down to normal and at the same time develop that urge for activity that makes work a pleasure and also gain in ambition and keenness of mind? Get on the scales to-day and see how much you weigh--then get an 85 cent bottle of Kruschen Salts which will last you for 4 weeks.
Take one- half tcaspoonful in a gloss of hot water before breakfast every morning--cut out pastry and fatty meats--go light on potatoes, butter, cream and sugar--and when you have finished the contents of this first bottle weigh yourself again. Now you will kpow the pleasant way to lose unsightly fat and you'll also know that the 6 salts of Kruschen have presented you with glorious health. Leading druggists America over sell Kruschen Halts--you can always get It at W. J. Sturgeon's.
Try one bottle--If not supremely satls- I fled--money Reviving Interest Echoes In Wall Street Canyons MARKETS New York, Nov. 12--(U. lower grain opening failed to check an upward movement on the stock exchange today. Trading continued dull, however, and buyers were still cautious. Steel Common led the upturn in the industrials, reaching 12 1-4 up 1 1-4.
Chrysler and General Motors were firm in the automobile division Standard Oil of New Jersey rose nearly a point in the oils. Eastman' Kodak and Allied Chemical made substantial gains. Railroad shares held well but lost part of their initial advances. Badio- Keith-Orpheum was still under pres sure, equaling its record low at 1 7-8 off 1-4- May wheat opened at 67 off l'3-8; July 66 3-4 off 2, and March 65 1-2 off 1 1-2. Corn also was down.
Cotton futures made gains of 7 to 17 points and silver futures wore strong, following the trend of the silver market at London. LIVESTOCK Pittsburgh, Nov. Hogs: Receipts 1200; market slow and steady to lOc lower; 140260 libs. 100-130 IgS. packing sows Cattle: Receipts 30; market about steady; cutters to good cows $2.004.00.
Calves: Receipts 100; markst steady; good and choice vealers common and medium Sheep: Receipts 800: lambs slow, mostly steady, good to choice 60 to 80 lb. Iambs common and medium aged stock weak, 25c lower; good wethers up to $3.00. PRODUCE Pittsburgh, Nov. duce--Butter--Nearby tubs, 92 score extras 30 1-4; standards 29 1-4; 89 score 28 1-4; 88 score 21 1-4. Eggs--Nearby current receipts, firsts 25-28; fresh extra firsts 30-32; nearby hennery whites 37-40.
Poultry--Live, hens 12-23; leghorns 15-17; colored springers 16-20; old roosters 12-13; ducks 16-19; geese 12-17; fresh killed hens 28-33. WHOLESALE PEICES OJ THE KITTANNING MARKET (The prices quoted below are furnished daily by J. A. Gault and are subject to change without notice. The Leader-Times assumes no responsibility for any error.) Butter 25 Young Yearling Chickens .14 .18 Old Chickens .16 .18 Calves, lb 07 Turnips 50 Beets, doz.
-25 Beans, lb 03 Apples 35 Wheat, new, per bu 50 Rye, per bu .35 28 Hay, ton 13.00 Straw, ton 8.00 Grapes, bu 75 Buckwheat, lOOlb 60 Eggs .35 Wheat, bu Potatoes, bu 55 Cabbage, lb. 01 Loose Pop Corn, lb 05 Black Walnuts, lb 03 Ducks 16 Carrots, bu 50 Church Notes MINISTERIAL ASSOCIATION MEETING TO BE HELP Invitations have been sent to tliu 103 Protestant ministers of Armstrong county to attend a meeting In St. Paul's Episcopal church here, Monday, Nov. 10, at 10:30 a. m.
The matter of the organization of a county-wide Ministerial Association will be considered at this time. A paper, "The Right Emphasis ot the Ministerial Profession," will be read by Rev. A. E. Drlggcrs, of the local First Presbyterian church.
Lunch will be served by the ladles of St. Paul's parish. It Is earnestly hoped that every minister In the county will make an effort to be present at this Walter Kennedy, Secretary. Loader Times Ads Pay. $5,000.00 IN CASH PRIZES See Your Druggist Special Sat.
Shampoo-Finger Wave 15c Shampoo-Marcel 75c Special Prices on Frcdrlc Waves Clayfalr Beauty Shoppc 204 Arch St. Phone 612-R (Continued From Page One) ists. Four factors are most often suggested to account tor this upswing in morale: 1. Increasing stability of commodity prices together with recent spec tacular rises in wheat, cotton, oil and security prices. One authority handling large financial operations in what predicts a rise to a level of or 85 cents a bushel during the winter.
2. Deflation of productions costs down to the point where lower pricei are possible in finished goods or ser. vices. 3. Strong support given the bank ing situation through organization of the $500,000,000 National Credit Corporation; co-operation of'banks in helping each other; efforts of the federal reserve board and the controller's office at Washington in adopting a drastic policy to avert recent threatened crises in some bank ing centers.
4. Evidence of a partial return of public confidence which when it matures will make the real turning point. Everybody is talking about return ing confidence. What do they mean by that? Several weeks ago, In one bank this writer learned about here, a depositor wrote out a check for his entire account, some $250,000 and demanded payment in gold.The bank refused but paid him in legal tender, that is paper money. A woman fearing bank failure, wrote out a check covering her full bank account and deposited the check in a safe box according to one story going the rounds.
A hoarder of vast means attempted to cache manv hundreds of thousands of in gold bars in a safety deposit vault but the bank to which he applied for vault space refused to be a party to what it described as "nasty business." Those things happened some weeks ago. They have not been happening, bankers say, within more recent weeks. People have lost their fright over possible bank closures. That is one thing they mean by returning confidence. Every banker knows It Is more than a glib phrase.
For every banker keeps his bank open only by virtue of confidence. No bank In the United States could stay open if depositors demanded all of their money at once Sometimes a rumor starts, people be come nervous and rush to draw out their money for no reason at all except "herd fear." That is lost confidence and any banker realizes it can be a very real thing. Equally so is returning confidence. President Hoover said in his Armistice Day address that there had been a turning of the tide. Bernard M.
Baruch. former chairman of the War Industries Board and a Icndlnit New York financier, says "we have disrupted the continuity of pcial- mlnm." These expressions arc typlcnl of what is heard everywhere In Wall street. But the more cautious bankers lie some strings to their hopes. One is Europe. Will the American taxpayers have to take over the burden of th6 war-debts? The debts have to be paid off because somebody must pay for tho Liberty Bond-, behind them.
If not Europe then Americans must pay throtiEh taxes. Another is Manchuria. Would war there stimulate American business? It would for a time. The would need food, clothing, rifles, guns, shells, trucks. America prosper cd In the early days of the European war.
Let Francis Sisslon, vice president, of the Guaranty Trust, tell the other side: "The Immediate cITcct of war in the Orient might be to soil war supplies nnd temporarily help business" he said. "But In tho end we would lose. There can be no virtue In that kind of thing permanently. You shoot away millions of dollars worth of materials which bring back no return. We prospered temporarily in the last war.
But now the world Is paying the Mil. You nan't send two or three hundred billion dollars worth of wealth up In nmoke and wipe out ten million or more lives without seriously affecting the world." A third doubtful facto- is Cou- Rrcss. Will Congress vote more millions for projects? Businessmen fear on evenly divided Congress, with tin insurgent balance of power in both Houses and a national election cam- raign approaching will attempt .1 heavy spending program. They are more seriously afraid that Congrrsr, will run up the larger Income tax brmkets sharply. These three Incalculable enter inf the size-up of conditions made by the average banker and business mnn here.
But while he possibilities of retarding Jnflu- cnccs in them, lin nevertheless Is wncllnfr Into the third voar of the depression with his sleeves rolled up and his jaw set. Leader Times Ads Pay. G.P. Radiator Glycerine, the safe Anti-Freeze does not evaporate Per Gal. Can Tested and approved by the contest board American Automobile Association AAA.
Low prices on Tires, Chains, Oil, Spark Plugs and Batteries. Silberblatf Dept. Store 116-1 18 Market St. Kittanning, Pa..
