6
PROSPERITY IS
SHOWN BY BANKS
Ireland's Deposits Trebled
Within Ten Years, Due to
Business Expansion
London, Nov. 3.—The figures es
tablished by the bankers in Ireland
indicate a continuance of that pros
perity which has been so marked of
late years. It seems that at last
Ireland is about to assert herself as
a business nation, and not rest con
tent until she is thoroughly estab
lished as •aich. Farming is, of course,
the principal industry in the coun
try, and it is in this direction extra
ordinary progress has been made.
With the enormous demand for cat-
5,3#
Does a dry cough
keep you awake?
KEMP'S BALSAM
will stop the tickle
that makes you cough.
OUARANTfcfcO
Bill IMHII 111 lIIIH HIM m
Our Third
Wednesday Specials
This is the third week in which we are offering regular season
able merchandise on Wednesday only at special sale prices. This is
the biggest sale we have held and it will pay you to attend.
This ednesday we have grouped three lots of Serge. Jersev,
Tricotine and Satin Dresses to be sold at these prices.
Serge, Satin and
Georgette Dresses | yT
Black, navy, elk, Burgundy; straightline
and blouse models; values up to $25.00 at
Tricotine, Serge,
Satin, Jersey Dresses $1 Q-75
Navy, tan elk, black, all new models, I
selected from regular stock; values up to ™ r'U,
$29.50 at
Tricotine, Serge, llfflr
Jersey, Satin Dresses A # 75 M
New models in all shades. In finest f
stock to be had. Regular values up to T? k*
$45.00. For Wednesday only at L/
A Remarkable Sale of Women's and
Misses' Short Plush Goats At ?-
The season's newest styles. Short Coats made of
featuring the newest belted back and belt-shaped sleeves. J
Well lined in fancy and plain lining. Sizes 16 to 44. Coats %Jr
are 32 to 35 inches long. Your choice Wednesday of six
different models, at only
000 Chemise 100 Voile Rlouses
In A Special Sale At A Special Price
White or Pink These are all picked from our regu
%£#£! *72 teSt ° ck " $2 00 - —■
at the same rate. The present whole- be purchased wholesale for $1.50 a
sale cost ranges from $1.25 to $2.00. • v .
These chemise would sell for $2.00 to piece. You are the only gainer on
$2.50. For this Wednesday only at these. For this Wednesday only
$l.OO <ELI f)Q
OXLV THREE TO A CUSTOMER M"* V#
Camisoles in Satin ~
Navy, flesh, American Beauty or floral patterns; J|_ 9 Cf
regular $2.00 values. For Wednesday only
Extraordinary Hosiery Specials
Due to the phenomenal success of our Monday offering we have purchased a
new stock of heavy quality all-silk, full-farhioned Hosiery which we are offer
ing as extra special Wednesday values.
Heavy all-silk Hose, pat- One lot of full-fashion
terned after the famous W ed Silk Hose; in navy or a 4 . _
H-300 Hose; regularly t W cordovan with neat pin \ | kA
$2.50; only 2 pair to a W stripe—regular $2.00 hose, t I
customer. Special Wed- Special .for .Wedneday
nesday only on j y at
TUESDAY EVENING,
tie and foodstuffs, Ireland has been
enabled to export very largely; the
result being u considerable influx
of money.
It is mainly owing to that that
j during the last ten years the total
| deposits and cash balances with the
I banks in Ireland has risen from
; $295,000,000 to $660.000.000 —an in
| crease of no less than $365,000,000.
That expansion is all the more re
| markable when the fact is taken into
| consideration that very large sums
| have been invested in the various
! war loans. It would not be surpris
! ing to see a reduction in these tig-
I ures shortly, as there are, no doubt,
I large deposits of trading concerns
i awaiting business development.
| Notes in circulation during the
I same period have risen from $30,-
000,000 to $150,000,000.
In this connection it is to be re
] membered that virtually all the ag-
I riculturul transactions in Ireland
J are on a cash basis. Gold coin be
ing no longer available, farmers and
i cattle dealers apparently prefer to
j settle their accounts in Irish bank
\ notes, and consequently loose cash
I in the form of paper is more freely
, carried. The additional impost on
I checks encourages the thrifty to
! keep themselves constantly supplied
! with notes. During the war Irish
I banknotes were made legal tender,
j and will probably so continue.
Lends in Bank Facilities
It has been asserted that in pro
! portion to its population Ireland is
| better equipped with banking fa
c'lities than any other country in
i the world. It has nine joint stock
I banks. In 1908 these banks had
among them 613 branches in Ire
land. At the close of 1918 that fig
ure had risen to 848. Two of the
banks—the National and the Provin
cial —have their head offices in Lon
don, the former combining the ad-
vantage*-, of membership of the Lon
don Bunkers' Clearing House with
the convenience of a local board in
Dublin.
Two other banks —the Belfast
Banking Company and the Ulster
Bank—are now under the control
of the London Joint City and Mid
land Bank and the London County
Westminster and Parr's Bank, re
spectively. The remaining banks,
the Bank of Ireland, the Hibernian
Bank, Minster and Leinster North
ern Banking Company, and the
Royal Bank of Ireland, are admin
istered entirely In Ireland. The
largest Irish bank is the National,
founded in 1835 by the great Daniel
O'Connell. It heads the list of de
posits with a total of some $160,-
000,000, the Bunk of Ireland com
ing next with $110,000,000.
Advances to Farmers
It is the practice of the banks to
make advances to the farmers in
many cuses on note of hand alone at
about bank rate.
This is evidence of the genuine de
sire of the banks to foster and en
courage industry. In
the north of Ireland and other man
ufacturing parts collateral security
for advances is usually available.
Interest is allowed on deposits at the
advertised rates, but special rates
are occasionally arranged for im
portant amounts.
In connection with the increase
during the last ten years of $365.-
000,000 in the Irish deposits, it is
'interesting to note that advances
during the same period have in
j creased by only $40,000,000. This
proportionately small increase is due
] to t he reduced demand for accom
modation by the farmers in conse
quence of the higher prices obtained
for their produce and the falling off
in the requirements for industries
which have had to curtail their op-
HARRISBURG TELEGRAPH v
orations owing to the enhunced cost
of building materials, etc.
The banks have, therefore, been
enabled to invest largely in the gov
ernment louns and treasury bills.
These latter ure immediately nego
tiable and afford a very convenient
means of Investment for the bank
ers. who thus preserve their re
sources In the most fluid form. The
figures under the head of "cash in
hand and money at call." etc., show
an advance of $220,000,000. This,
of course, is not such a profitable
employment of funds as the unthink
ing might suppose, but it is un
doubtedly prudent, and it is an im
mense satisfaction to know that our
banks keep such a large proportion
of their assets in liquid form —im-
mediately realizable.
With their additional resources,
the banks have naturally been able
to show larger earnings and higher
dividends have prevailed although,
with the increase in income tax the
shareholder is not much better off.
Establishment charges have r sen
considerably, and have made great
inroads into the profits of the banks.
But in spite of this it is a source of
sat'sfaction to the various directo
rates that they have been able to
make substantial additions to their
reserve funds and pay higher divi
dends and at the same time meet
the unprecedented advanced in
working expenses.
Funds K.\|>crtly Handled
In summing up the banking posi
tion in Ireland one can only congrat
ulate those responsible for adminis
tering the funds of their respective
institutions on their ressitance to the
temptation to economize in their
holdings of cash and liquid resources
—for a glance at the balance sheets
will immediately satisfy the observer
that the assets of the various banks
are held in the most readily con
vertible form.
I The subject of foreign exchange
might well be taken more fully into
consideration by the bankers in Ire
land. Some have already established
foreign departments, which are ap
parently working satisfactory; but
they are no doubt handicapped by
their distance from London, which
Is the "nerve center." In this class
of business it. is aboslutely essential,
organization shouud be perfect.
Otherwise, with the present rapid
movement in rates, it is quite pos
sible that wserious loss may result,
especially when quotations have to
be telegraphed to Ireland from Lon
don and back again during the busi
ness hours of a day. Telegraphs are
none too speedy for this class of
business —or any other. In fact the
question of foreign exchange is one
that requires the utmost possible
care.—London Times.
ALASKA PRO DUCKS TIN
The tin mines of Alaska produced
136,000 pounds of tin, valued at
JllB.OOO, in 1918, according to the
United States Geological Survey, De
partment of the Interior. These
figures may be compared with 200,-
000 pounds, valued at 1123,300, in
1917. The decrease in output in
1918 was due to the fact that only
one dredge was operated. Additional
tin, however, was recovered by sluic
ing. The first important production
of Alaska tin was reported in 1902,
when the output was 15 tons. Since
1912 the average has been over 100
tons annually.
The recent discovery of plucer tin
has been reported from Potato and
Humboldt creeks, on Steward Penin
sula, and from Moran Creek, a tribu
tary of Melozi River, where the
gravels are said to contain 2%
pounds of tin and 10 cents' worth
of gold to the cubic yard.
COOK LEFT IN TIME
The young man, one of the favored
few who can still run a car, reached
home late for dinner. "I got caught
for exceeding the speed limit on the
way home," he explained rather
sheepishly. "Have to appear to-mor
row morning and get a fine or 15
days."
The wife clapped two blistered
little hands.
"What a Providence!" she cried
joyfully. "Take the 15 days, Harry.
The cook has just left."—San Fran
cisco Argonaut.
DELAYED APPLICATION
An insurance man tells this one:
"Not long ago there rushed into
one of our offices in the South a
very excited woman; so excited, in
fact, that she was out of breath and
could speak only with difficulty.
" 'What's the trouble?' asked one
of the clerks.
" 'I want a policy at once—at
once.' exclaimed the woman when
she had recovered sufficiently to
articulate. 'Our home is on fire.' "
—Los Angeles Times.
Senator Who is Seeking
Republican Nomination
For President in 1920
SENATOR MILES POINDEXTER
In a formal statement. Senator
Miles Poindexter, of Washington,
has announced his candidacy for
the Republican nomination for
President in 1920. In a platform of
policies and principles he will advo
cate in hs campaign the Senator de
nounced the threats of labor lead
ers to tie up the railroads as "gov
ernment by terror for a special
class" and declared that the Gov
ernment must be made supreme to
both capital and labor, although in
sisting that the Just claims of labor
should be recognized. This photo
graph was made in Washington aft
er he announced his candidacy.
GOLDEN ASHMAN
VALUES WASTE
Dawes, British Salvage Direc- j
tor, Urges Thrift—Against
Word "Refuse"
London —J. C. Dawes, until
recently ass'stani director of British
nutlonul salvage and technical ad
viser to the national salvage coun
cil, has just been named inspector of
public cleansing and salvage under
the British Ministry of Health.. He ,
is a Britain's "Golden Ashman", to
whom is intrusted the profitable task
of gleaning dollars from dust and :
revenue from refuse. ,
Mr. Dawes can wander into any
backyard garden, lift the dustbin lid
and at a glance analyze the mone- i
tary value of the contents. He is ,
full of interesting items of informa- I
tion about refuse, such as: "The j
household refuse of Great Britain !
amounts to 10,000,000 tons and the
greater part of it is usable. It con- '
tains 3,500,000 tons of fuel and 70
per cent, of that has the value of
good steam coal. Fuel thrown |
away in the garbage tins is worth
$6,250,000 a year. Hags from the |
refuse heap huve a value of $1,750,- I
000. Bones from the kitchens of j
England equal in money $600,000.
Would Organize Country
What Mr. Dawes means to do is to i
organize a great peace time 'am- j
paign for refuse salvage and at the |
same time to improve the municipal j
sanitary services. There will be no |
uncleared ashcans when the "Golden 1
Ashman" gets busy. He suggests j
that all great municipalities should l
install special machinery for eort- !
ing refuse so that the gold may be |
parted from the dross. At present I
Sheffield, Liverpool, Newport and !
Marylebone are the most up to date I
towns in England in denling with
refuse.
Mr. Dawes's idea is the dual re-
T.jiii; JII I m r ''
A Sense of Flying
Breezing along in an Atlantic-fed motor, one
is impressed with the marked similarity to the
sensation of mechanical flight.
For it seems the wheels must leave the road
and carry you Up There on the highway of
Hawker and Alcock and Read.
/
That's because Atlantic Gasoline is packed
to-the-doors with power and push that sweep
everything before them. Power that will not
be denied. Power that seeks release, like a
beast ensnared.
Atlantic Gasoline is the same in all seasons.
It is no fair-weather fuel, merely. Once your
carbureter is adjusted for the season, you need
not change it—lF you use Atlantic Gasoline,
and nothing else.
Ask for Atlantic by name. Yes, it does make
a difference. A BIG difference.
THE ATLANTIC REPINING COMPANY
PHILADELPHIA PITTSBURGH
ATLANTIC
Gasoline
Puts Pep in Vbur Motor
I fuse can, two cans in every home, j
so that the refuse which might i
mugc p!g food is not mlved at the
I starting point with prospective fuel.
. "I want to teach the habit of nil- I
nicipal thrift," he says. "I want
: to do away with the word "refuse.' j
i There is no such thing. The con- j
j tents bf the refuse can be tuhied to j
| good account.
Everything of !'■•
"When washed the fuel that is j
I thrown away in the garbage cans j
becomes extremely valuable. For
one year $175,000 worth of rugs t re
thrown away. Even the dust Is use
ful on the soil. The chemical ac
tion lightens clay soil. You can
gather from the figures we have ,
at hand that everything thrown into |
the ashcan and regarded wrongly'
'as refuse can be made a valuable I
asset.
among the things 1 want to do [
' is to encourage quick collection of j
• refuse, <ts quick removal, and the ,
efficient disposal of it in the most set- j
, entltic way. It will benefit not only ,
'the householder from the point of j
] view of sanitary conditions, but also r
j the pation by saving much valuable j
j material hitherto regarded as waste." j
| At present every municipality in i
I England has some sort of a refuse
r'i.pnoai n'nnt, like every battalion
in the British Army. But this is
j i m.,i nine in history that an of
-1 fieial hus been appointed to super-
I vise the sanitary work of the na
| tion.
I'LL SAY IT OUGHT
j Mrs. Shye—l fear my husband's
I love is growing cold', What would
j you advise me to do 1 ?
| The Widow Wise—Go and consult;
ja fortune teller, pay her $5 and tell
| your husband what you did. Then
: he'll make it hot for you.—Florida
| Times-Union.
LOGICAL CONCLUSION
| Advertisement —"Clearance Sale of
Slightly Scared Pianos." De don't
! know why the pianos should be!
scared, unless possibly at the pros-'
pect of being jazzed.—Boston Tran- I
script. I
f NOVEMBER 4, 1919.
sr ps
Stop that cough before it stops you. .
You may save needless doctor bills ,
by using Bacon's Cough Drops.
They taste good, sweeten the
breath, and are good for the whole
family.
You can stop your cold in its incipi
ency. Keep a package handy.
'"Good for the throat—
Bad for the Cough."
You will find them on sale at near
ly all stores. Ask for Bacon's.