Judge — November 18, 1922 — page 30: what you’re looking at

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

pe asking. It has rge M. Forman {ePeatinu book, "How to Sele GEORGE M. FORMAN & COMPA; 105 W. Monroe Street, Ch “137 Years Without Laas fo @ PARTIAL PAYMENTS The Best Way to Buy Good Securities on Convenient Terms Send for free Booklet L-18, which explains our plan and lerms. James M. Leopold & Co. Established 1884 Members New York Stock Exchange New York | 7 Wall Street IF INTERESTED IN BUSINESS AND FINANCE, | y reading the Bache Review, a ten- | ummary of the business and finan- cial situation. It focuses and interprets currents of to-day and indicates their trend. Sent to busi men for three months, without charge. keep informed b minute weekly J. S. BACHE & CO. New York City 42 Broadway ON FURNESS BERMUDA! A: LINE | Under Contract with Bermuda Government Offers Bermuda Tourists the following exclusive advantages: SAILINGS TWICE WEEKLY Landing Passengers directly at Hamilton Dock. avoiding inconvenience of transfer by tender, via Palatial Twin-Screw, Oil-Burning §. S. “FORT VICTORIA” one §. S. “FORT ST. GEORGE” Each 14,000 Tons Displacement From New York every Wednesday and Saturday From Bermuda every Tuesday and Saturday Special Holiday Sailings Leaving New York December 20, 23, and 30, For Christmas or New Year's in Bermuda MODERN HOTELS NO PASSPORTS ALL SPORTS including Golf (Two 18-Hole Courses), Tennis, Sailing Bathing. Trap-shooting. Horse Racing. Fishing. Riding Driving, Cyeling. ete. Book Now for Winter and Holiday Sailings ST. GEORGE HOTEL, Bermuda, Renovated and Re- furnished. Finest Cuisine, Tennis, Goll, Swimming Pool WEST INDIES For illustrated Booklets on Bermuda, West Indies, or Hotel, write FURNESS BERMUDA LINE 34 Whitehall Street, N. Y., or Any Tourist Agent FHSS AS44444 44444544 ss see ee eee rwood & Underwood. REAR-ADMIRAL DAVID POTTER Paymaster General of the United States Navy and Chief of the Bureau of Supplies and Accounts.” As a preparation for a naval career he took the university course at Princeton and studied law, both of which developed his fighting instinct and his financial ability. He has served during several wars, including the greatest. As boss of the purse for our fleets and sea fighters he has been a success. His “scrapping” bent was lately devoted to dismantling vessels deemed superfluous by the Washington Conference. ‘The Admiral is the author of a dozen readable books and a writer for the magazines. HESEEHSEEHEEESS ESS EEEEEEEEEEE SEES EEO HEE EL EEEEE CEE EEH SY Investment Bureau Conducted by Theodore Williams to annwers to :daqiivics on faanctal questions, aad in: emergentiae.(to Gasuer. 6 this service. All communications are treated confidentially. A teo-cent postag Address all inquiries to the Financial Editor, Junae, 627 Weat j3d St, New York d exact street address. Anonymous communications will in no case be anawered. telegraph, wtamp should aleays giving full name ¢ Is Germany Insolvent? manded at once and the country was not HAT financial condition is extremely bad, and has been rapidly growing worse, has come at last to be conceded even by implacable Frenchmen. If Germany does not go into voluntary bankruptcy, as her own chancellor has proposed, she is in danger of getting into that plight in- voluntarily through default in repara payments. Several causes havi spired to bring about this state of affairs. Besides the interest on her large internal war debt, Germany was saddled at the ieee of the war with the necessity of ing a huge indemnity to the victorious Allies. Installments of this were de- T the German government's 28 given a breathing spell to effect: needed drastic domestic readjustment. — The creditors were peremptory and they wrung their dues to the last mark so long as they could do so. The theoretic justness of this course is not questioned. Germany deserved a severe penalty, but she has had to carry more than she could bear. It was practical economic unwisdom to compel her to do so. UT the German government added to its load of troubles by pursuing a wholly irrational financial policy. In- stead of resorting to resolute retrenchment,