OCR Text |
Show BUSINESS OUTLOOK ALL RIGHT By CHARLES M SCHWAB, Steel Magnate. neer felt more optimistic than I do today about the future of business. In the fifty years that I have builded steel mills I have never builded a mill that met the demands on it that followed. With that in mind, who wouldnt be optimistic? This recent speculative wave that has hit the country has brought losses only to those people who We of factories rich. were the lost thought they nothing, for we still have wealth in the bricks and mortar and machines of our factories. Business in the United States is going to grow just as surely and just as fast in the future as it has in the past. In the steel industry alone we have a background that should inspire ns. From 1,000,000 tons in 1879 to 57,000,000 in 1929, or s of the worlds output is a record of have the greatest confidence that the industry of worthy 6tudy. I today will follow the path and the pace that have been outlined for it. Any business that is conducted a little better than the other fellows is bound to succeed. Ileal prosperity means prosperity, happiness and good times for the masses of the people. The average daily wage scale,' excluding salaries of employees of the gigantic Bethlehem Steel corporation, the board of directors of which I am chairman, is slightly more than $7 a day. The of the masses. highest possible wages lead to and indicate well-bein- g I HAVE two-third- TI'hoto picture of wreckage of big passenger plane which crashed rau Dorothea von Velsen of Germany. Mrs. Tsune Ganntlett of r.ngianu and Mine. Marie Louise Punch of speakers at ror tne furtherment of International peace France, principal 3Henry Wharton Shoemaker, to Bulgaria to succeed H. F. Aithur Sohoeufeld. I rangement HEWS REVIEW OF CURRENT EVENTS Naval Parley Starts With Good Chance for Success Young Plan Signed. By EDWARD W. PICKARD E'YERYTHING except the physical ' atmosphere of London was auspicious for the opening of the naval limitation conference on Tuesday, and every one connected with the parley seemed optimistic concerning its results. King George, making his first public appearance since he fell 111 on Armistice day, 1928, started the proceedings with a warm but brief address of welcome to the delegates gathered In the royal chamber of the house of lords. He was followed by the heads of the five delegations, all of whom made appropriate speeches full of genet allzations and hope. Significant extracts from these five addresses are: Prime Minister MacDonald of Great If we are not careful we shall be once more Involved in feverish competition such as heralded the outbreak of the war in 1914. . . . The way of Great Britain Is on the sea. The stock of its people came from the sea ; Its defense and Its highroads have beeD the sea; its flag Is a flag of the sea. Our navy nowhere is superfluity to us. It is us." Secretary of State Stimson of the United States: "I feel It is more Important to emphasize the fact that we do not look upon this effort toward disarmament as final. Naval limitation is a continuous process. We regard disarmament as a goal to be reached by successive steps. . . . We sincerely hope that Increased feeling of security may enable still more drastic reduction In the future. Our Premier Tardieu of France: needs are determined, as Mr. MacDonald has justly observed, by our geographical position, our historical our economic, maritime, position, colonial, political and defensive situations. Taken altogether they define what Is called a nation. Iteljiro Wakatsuki of Japan: It Is the unanimous desire of the Japanese people that peace should be lastingly established. . . . I see no Insuperable obstacles In our path. The fascist Dino Grand! of Italy: government Is desirous of securing real and tangible results In the fields of disarmament and security. . . . The problem is one calling for courageous action. . . Britain: and FROM their public expressions from information thjit 'came their private conversations with one another, It appeared the representatives of the five naval powers had at least reached a unity of opinion on five broad principles. They were agreed upon the necessity for a naval holiday In the sense that competitive building of war fleets should cease. They admitted that the public opinion of the world demanded economy In naval expenditures and relief for the peoples from financial burdens. They believed it advisable that any agreements arrived at by the conference should be for a comparatively short period so they might be revised and Improved In later years. As to the last point, It was said the British and reprobably the Americans favored 1938 and In the of vision agreements French wished the term to be about twice as long. The three highest hurdles the conferees will have to surmount probably are the British determination to bring about a sharp reduction In battleships with their possible elimination In the future; the contest between France and Italy for control of the Mediterranean and the Italian demand for parity with France on that sea; and the desire of the French that any agi cement rem bed shall be advisory to the League of Nntious disarmament commission. hot) the question of the method of III. illation comes up, the Americans by and IliPi'-h- . who piefer s, v ill probihly mike con (omui'- - to t lie French ami Italians, v hi ndvo, afe the theory of global Lons, and ollei to accept an ar v re-el- global limitation by which 10 per cent of tonnage may be transferred from one category to another on one ears notice. Business sessions of the conference began Thursday but It was the opinion of Mr MacDonald that It would be two weeks hefoie the delegates got to the point of putting their sea strength estimates into terms and figmes. In formal meetings he urged them not to be too hasty In getting down to statistics and categories and lists of tonnage, believing the problem should be attacked slowly and piecemeal. The three hundred Journalists gathered In London from all parts of the world were bitterly disappointed when It was announced that the "plenary" sessions of the conference would not be open to them for the present. Their exclusion, however, did not prevent their sending many columns of speculation and gossip to their papers every day. It is good reading but the wise reader accepts their statements with reservation. on January 20 the of nineteen nations signed the revised and amplified Young plan at The Hague, the World war actually came to an end. Twenty separate agreements, fourteen annexes and fifteen special clauses were signed and presented to Premier Jaspar of Belgium, chairman of the second reparations conference, and he thereupon declared the conference adjourned. After ten years of discussions, quarrels, military occupations and parleys, the final act of liquidating the war had been performed. The Young plan as modified and accepted requires Germany to pay about $9,282,000,000 from April of last year through 1968. The system of annuities is little changed. The sanctions clause that was added Implies that military occupation can ensue if The Hague tribunal holds that Germany has wilfully defaulted. The International bunk will be merely a clearing house for the payments. The first concrete result of the adoption of the Young plan will be the withdrawal of 20,000 troops of occupation left in the Rhineland. This alrendy is under way, for the French are moving out of the forts in the Rhine valley and the Germans are blowing up those fortifications In accordance with the evacuation agreement and the Versailles treaty. WHEN has elevated the in Poland to the rank of an embassy, and President Hoover has nominated Alexander P. Moore of Pennsylvania to be ambassador to Warsaw. Similar action, of course, was taken by the Polish government, Tytus Filipowlcz, the Polish minister in Washington, being named ambassador. The nomination of Edward E. Brodie of Oregon to be minister to Finland was also sent to the senate by the President The senate confirmed the nominations of four ministers. They were Gilbert Baker Stockton of Florida, to Austria; John Motley More-heaof New York, to Sweden; Ralph II. Booth of Michigan, to Denmark, and Henry Wharton Shoemaker of Pennsylvania, to Bulgaria. CONGRESS d ANY citizens still thought IFWicker8ham crime commission the In- tended to take up the question of the desirability of prohibition, they were undeceived last week by Mr. Wicker-shnr- a himself. In a radio address that was broadcast to the nation the chairman of the commission made It quite plain that that body was concerned only with the enforcement of the dry laws, and he appealed to congress and the people to aid the authorities In making the country arid. "The Eighteenth amendment la a part of the Constitution and It Is the duty of congress to enact adequate laws for the enforcement of Its provisions," said Mr Wickersham. "The detection and prosecuting agencies of the government should be properly organized and there should be tribunals prop rly constituted to deal and efficiently with violapiomptlv tions of t he law These would seem to be elementary principles not urgiii " the Treasury u tit Mellon Sen clary of Prohibition Commissioner Doran appeared before the houe committee on expenditures In the executive de and The common cause of digestive la excess acid. Soda cannot alter this condition, and It burns the stomach. Something that will neutralize the acidity Is the sensible thing to take. That Is why physicians tell the public to use Phillips Milk of Magnesia. One spoonful of this delightful preparation can neutralize many times Its volume in acid. It acts instantly; relief is quick, and very apparent. All gas is dispelled; all sourness Is soon gone; the whole system is sweetened. Do try this perfect anti-aciand reBy DR. JOHN M. THOMAS, President Rutgers Unlverity. member it is Just as good for children, too, and pleasant for them to take. Any drug store has the genuine, pee. I am an optimist on America because of what I know concerning the scriptional product. quality of the young manhood of the nation. By and large they are clean, manly and honorable. They will tell the truth, almost all of them even in a tight place. They are neither yellow, nor red, nor even pink. They have much to learn, but they are learning it faster than any generation of any people on record. They prefer hard games to easy ones, difficult jobs to soft snaps. They will attend to the work that needs doing and the problems that need solving fully as well and I honestly believe The Transient a little better than we of the older generation have attended to ours. Maid (leaving after extremely short The college student of today has a pretty hard time of it, for he is stay) I suppose youll send my letasked to continue the preparatory stage of life at an age when his par- ters on, ma'am? Mistress Certainly, If theres room ents were out in the world and when his grandfathers in most cases had on the envelope for any more adfamilies. dresses t Pearson's. It is hard to be always getting ready to do something by and by. It takes a good deal of patience and grit to stick at it through the long years of preparation necessary for superior service in this complex world. In youth it is the itch to get away and to get at something practical and real. Parents may well be patient, sympathetic and encouraging. Dont blame the boy for being restless and unappreciative of his opportunities. College is probably the first thing he has undertaken; challenge him to make a success of it. at Oceanside, Calif., killing sixteen per- Japan, Miss Kathleen D. Courtney of a public meeting held in Philadelphia historian, appointed American minister of Acidity difl!-cultt- es COLLEGE MEN RANK HIGH partments in behalf of the Wickersham commission's bill for the transfer of the prohibition bureau from the Treasury department to the Department of Justice. The wet members of the committee tried in vain to lure Mr. Mellon Into giving his personal opinion of prohibition and the possibility of enforcing it In the house of representatives the wets had another chance for sarcastic oratory when five bills to relieve overcrowding of federal prisons were unBut they got noder consideration. where and the bills were passed. Federal Judge J. W. Woodrough at Omaha declared unconstitutional that part of the prohibition act which permits personal injunctions against habitual violators of the law. PHILLIPS IT Milk of Magnesia OF COMMERCE SECRETARY that, on the basis of statistics complied by the new construction division of his department, It seemed certain there would be In 1930 an expenditure of almost seven billion dollars on construction and maintenance of public works and public utilities. This total, Mr. said, does not Include residences, commercial and Industrial structures and other private operations which last year totaled more than three billion dollars. Programs for betterments to plant and equipment, announced by public utilities, railroads and telegraph companies represent expenditures of divided as follows: Class A railroads, $1,050,00,000; electric, gas and street railway companies, American Telephone and Telegraph company, $700,000; Independent telephone and telegraph companies, short line railways and privately owned waterworks, $100,000. Complete returns from the governors of 26 states Indicate probable expenditures of $1,778,742,901 for public works and this combined with conservative estimates based on partial returns from the remaining 22 states it was $1,275,000,000, aggregating stated would give an indicated total of $3,053,742,900 for public construcWhen tion by the various states. federal construction is Included, this total for public construction, it la estimated, will be Increased to La-mo- $1,400,-000,00- $3,325,-000,00- FOURTEEN passengers their lives and CHILDREN VICTIMS OF DIVORCE By DISTRICT JUDGE Latin other one cause. e. 0. two In what was LEAGUES WORST DECADE ENDED By SIR ERIC DRUMMOND. Secretary j s (, it Childrens Musterole is just good old Musterole, you have known so long, in milder form. Working like the trained masseur, this famous blend of oil of mustard, camphor, menthol and other ingredients brings relief naturally. It penetrates and stimulates blood circulation, helps to draw out infection and pain. Keep full strength Musterole on hand, Children's for adult and the nulder Musterole for little tots. Ail druggists. A Quiet Place Lady (meeting an old acquaintance) Im just off to the cemetery, Mr. O'Brien. What sort of a plnee Is It? Pat Sure, its a iovely place people are dying to be buried there. DeNews. is impossible to YOUTH NEEDS HOME CONTROL By DR. SAMUEL S. DRURY. Recti WILLIAM JENNINGS widow of the Commoner," died of arthritis In Los Angeles at the Wsatcrn Nuv.aiiaier Union.) for five hours. race. MRS. years. age of sixty-eigh- t Other deaths of the week Included those of Stephen T. Mather, former director of the national parks system; James Dahiman, mayor of Omaha; George Le Maire, well known comedian; D A Boodv, one of the vetemu brokers of Wail Street, and Viscount I sfier, one of the most Influential of I.r 'mh ihm-- of Nation!. a become dangerous. Dont take at the first sniffie rub on Childrens Musterole once every hour chance troit American quarrels dangerous stage last week. While negotiations were under way for peaceful settlement of the border dispute between Bolivia and Paraguay, there was a clash between troops on the frontier with some casualties. Bolivia said the Paraguayans were the aggressors and were defeated. Paraguay blamed the Bolivians and both complained to the League of Nations. The government of Honduras ordered a mobilization of troops to dislodge Guatemalan forces that were alleged to have occupied Honduras The foreign minister at territory. Tegucigalpa In a statement disclosed that military movements on the Guatemalan border had threatened the life of the joint boundary dispute conference which Is now seeking & solution of the problem. The status quo ante was restored, however, and the conference resumed its work. league head colds often settle" where they may COMMON and chest predict, and it is unwise to prophesy, I am inclined to expect that the League of Nations next decade will mainly be occupied with a careful development along lines which are laid down already or which are projected. He who expects sensational movements is likely to be disappointed, ne who recognizes that vast labor must be expended to change trails now scarcely blazed into traveled highways of international intercourse, is viewing the future of the League with sober realism. There is no reason to suppose that constitutional readjustments of the League are at an end, but it is unlikely that they will henceforward occur as often as in the early years. The Leagues first decade, in other words, has been to a large extent one of establishment, not altogether free from experiment. In the period of their leadto follow, the good will of the peoples and the ers being assumed, this early planting should bring forth immediately bountiful harvests of mutual benefits to every community of the human While a somewhat 1930 Childrens colds Denver. Divorce has caused more violations of the law by youths than any During the last year more than half of the serious Most offenses considered in my court involved men under twenty-fivof them were on trial for aggravated robbery and grand larceny. After a couple is divorced, the children are often sent to stay with relatives or, perhaps, with either the father or mother. The child is neglected. He plunges out on his own to make his own future. There was a time when it was a disgrace to be divorced. Now peowith no thought to the effect ple pride themselves in this achievement upon the children of their marriage. In these cases the children suffer from the loss of either the care, spiritual advice and example of a good mother or the stern discipline, companionship, counsel and restraining hand of a good father. When divorce enters the horizon of a child he loses one or the other, or both of these heritages to which he is entitled. The child then becomes an easier victim of any criminal instinct he may have. 0; called the worst tragedy in the history of aviation, near Oceanside, Calif. A big plane that was bringing passengers back to Los Angeles from the race track at Agua Caliente, Mexico, got out of control and as the pilots were attempting to make a landing on the beach the machine burst Into flames and crashed. Every one on board perished, their bodies being burned beyond recognition. Eight women were among the victims. TWO CHARLES C. SACKMANN, Mothers . . .Watch ' St. Paul School, New York. Both home and school seem to capitulate in ths presence of youth bent upon a good time, falsely so called. Schoolmasters shake their heads and parents wring their hands and joung people do as they please The modern American summer reeort becomes a place to be avoided and the Christmas holiday is a period of dread. Is it not time for parents to reassert their control and for schools to aid the home in maintaining standards of sensible belunior, not for nine months per annum but for twelve? I ask, Is this right? Ought Concerning retreats in the he Would not corporate insistence by home and family life disrupted? school reclaim for youth the hippy opportunity to stay young in the precious format ice years from fourteen to eighteen? Rejoice, young man, in thy youth, should be the motto. We are a long time old. !When I was a young girl I took Lydia E. Pinkhams Vegetable Comsingle pound because my mother did and sbe gave it to me. After I married I took it before my children were bom and afterwards, and I have eight living children. I am now a grandmother and still take it and still recommend it when any one is tired and run-dow- Mrs. Alfred Iverson , wards, Nebraska. St Ed- |