Judge — November 4, 1922 — page 30: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

Bunner’s First Steps Toward Success | Like thousands of others, Mr. Bunner had | trouble in keeping a tight grip on his money. All his good resolutions about putting aside a definite amount each pay-day came to naught, until one evening, almost in despair, he asked prosperous old Mr. Pettigrew for the secret of getting ahead in the world. Mr. Pettigrew told him the two things he must do—put aside a definite amount regularly and invest it at a liberal rate of interest. Moreover, he show ‘ed him just howtodoit. The method is simple. too can follow it and put your money to work, h pay-day, earning 8 interest. Send for the ory, “Mr. Bunner’s Budget.”’ and learn an almost | automatic method of attaining success. 8°; Bonds of $100, $500, $1000 st Mortgages from $1000 up 8° Partial payment accounts invited G.L.Miller BOND & MORTGAGE Company Floridas Pldest First Mortgage Bond House | 270 Miller Bldg. Miami, Florida IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten- | minute weekly summary of the business and - | cial situation. It focuses and interprets currents of to-day al jicates their trend. Sent to business men for three months, without charge. J. S. BACHE & CO. 42 Broadway New York City Durability!) The rugged con- stitutions that make Keen Kutter knives last so long, are inherited from fine material and skilled crafts- manship. Asktoseea Keen Kutter. Simmons Hardware Company KEEN KUTTER BE AN EXPERT LL LAI Wonderful, new device, guides your In few da PRESS CLIPPINGS eatin ate your pleasure, your hobbies, Central Press Clippin; 1108 K. of P. Bide. L Rr. Hox. Recixatp McKenna Chairman of the London Joint City & Midland Bank, former Chancellor of the British Exchequer and an outstanding fig- ure in European finance, whose address before the American Bankers’ Con- vention in New York on reparations and Allied debts attracted) world- wide attention. © Underwood & Underwood Investment Bureau Conducted by raph fs made for thie » atamp should closed. Ad. giring full name and exact Theodore Williams al questions, and in emergencies to anawer nfidentially, A treo-eent 4 West jid St, New York, Grievous Straits of Our Foreign Debtors N_ HIS masterly address before the I American Bank cent national convention, Mr. Reginald MeKenn, former Chancellor of the British Excheq ner and the foremost authority on fi- nance in Great Britain, gave the clearest and most convincing statement presented of the financial condition of the nations which are debtors to the United States. He declared that Great Britain could and would repay our war loan to her, but that France and Italy were not at present or prospectively able to pay even in part. As for the rowers, apparently he thought tinst them might as well be German marks. The F too, so far us in full, smaller ly our claims classed in value with nands on reparation de will, Mr. MeKenna stated, | down very materially. if that country is not to go into bankruptey ruin, HIS Bureau has never taken stock in the merely sentimental aspects of the indebtedness of the Allied nations to the United States. It has maintained from the first that th ¢ bound in honor to make repayment if that is humanly pos- sible. The argument for cancellation that the Allies were fighting for us before we took a hand has no weight, for we were not originally parties to the war, need not h entered it, and would not ‘have entered it had not Germany assailed 28 us through sinking our ships and killing our citizens. Had we swallowed — the ‘Teuton affronts we would have saved billions of money and tens of thousands of American maimed and dead, and we would ave been much worse off—except of srrible loss of self-respect anc Justifiably at last we sent our sas and saved the Allies from tin disaster. We unquestionably then fought for them as well as for our- selves. Sentiment in this matter, therefore, has but a flimsy foundation. The question is one of ability or non-ability to liquidate what is owed. Mr. McKenna, conclu- sively, as most financiers think, showed that in the absence of foreign markets for their surplus production, and with a great lack of assets in sound securities of other lands, the war-stricken Continental nations (inchiding Germany) must either have their obligations forgiven or sub stantially curtailed. If his point of view prevails, the American people must pre- pare their minds for a signal cut in the pected remittances from abroad. No moratorium can avail to inerease the debtor nations’ revenue. We cannot look forward any longer to the return of thi entire $10,000,000,000, with interest, to which the United States Treasury is en titled, and we may even have to foi interest on a large portion of the va sum. comichooks.colm Me