Altoona Mirror from Altoona, Pennsylvania on May 27, 1930 · Page 9
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Altoona Mirror from Altoona, Pennsylvania · Page 9

Altoona, Pennsylvania
Issue Date:
Tuesday, May 27, 1930
Page 9
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ii imtiJi * i tfjufM. LLED DAKGEHOU5 tvnf lerhational »nl«* tf has given hls.Krst rtftifr to «t th* '"- t ijnd rtirtct- Hiother Mill, iiertfti to Rdwlft C. pcal staft^ttte* o* the Mirror. OUcttWlBt wOrM e attalrs, Mr. JKfetfc» «xp»e»s«n belief tnnt tfcc new IMIM bnl I* Mil ot daitger ta American pr»»''' ^wif^'^j By EDWIN C. (Speblal to Altoona Mirror.) NEW YORK, May 2t.— Ivar Kreuger, president of the gigantic Swedish holding 1 company Of, Kreuger A Toll, and founder and directing genius Of the international match trust and 225 subsidiary corporations, including a chain Of banks solfdly established In the financial centers of Europe, vast forests, innumerable pulp and saw mills. Iron mines, factories, steamships, railroads, office buildings and apartment noises — the head, in short, of primps' Ae most powerful and stable interlocking trust in ^he world —gave his first newspaper interview today. From the lofty eminence of his mastery of a tremendous and thoroxiglily international business, he spoke aS one who surveys this troubled world from »• mountain top, with vision unobstructed and undeflected by national, racial or political prejudices. He spoke as a friend of the United Stateg-<-wliere his interests are enor- inoVjB and swiftly expanding— but he spJfcjB at the same .time as a friend ofEurope. He offered concise opinions on courses and policies which wouldi in his measured estimation, make for the good of all the world and consequently, as the world is now welded together by its swift communications and inescapable mutualities, for the good of all, its fair dealing and industrious parts. If there was any single theme threading , through the interview It was his qarnest conviction, that the time has passed, by a decade, at least, when any trading nation can, largely and permanently -prosper by raising up artificial^ barriers to trade any more than general individual business can prosper through unnecessary, wasteful and good will destroying competition. \ His opinions, frankly and freely offered, were extraordinarily arresting because Mr. Kreuger knows this country as well as he knows his own Sweden, or as well as he | knows the group of needy European (countries to whom he has loaned more than $350,000,000 in the last few years. They wore Intensely interesting because this young man of 49 came here at twenty with less than $100 in his pocket to work as a real estate agent, in Chicago, then as a lineman on the Illinois Central, then as a bridge builder in Mexico, then as an engineer helping to construct in this city the Flatlron building, Macy's and tho Plaza and St; Regis hotels, and then as the builder of the stadium which. John D. Archbold gave to Syracuse university. He thinks that the Smoot-Hawley tariff bill is a very dangerous and indefensible . piece of business legisla- tidn — dangerous to American prosperity because it is dead certain to reduce materially American exports to European countries — indefensible on plain .economic principles. Mr. Kreuger was ns outspoken as any man with no ax to grind is apt to be. f nd you," ho said, ','the proponed act would have comparatively direct effect on my companies. therefore speak dispassionately as I see the problem. What do we find if we raise our eyes from the ground of "dispute and look about the open horizon? We find that country after country, anticipating the passage of the new American tariff law, has already raised Its customs walls. Reprisals ore not merely to be expected. Thoy. have already begun. Your closest neighbor, Canada, , and one of your best customers, was one of the first to strike back. "Once begun, this attitude on the part of foreign countries will be difficult to stop, if not impossible. Tariff wall after tariff wall will be raised high against 'your exports. The first to feel the pinch will be motor cars and films, two of your oxportations that have been very widespread and profitable. Subsequently' other exports will be repulsed by .unscalable barriers raised by alarmed European nations acting, on the defensive. "I think the United States is right in her attitude about the war debts. They are honest debits and should be P \Ie is tall— well over 6 feet— and still slim in his straightness of figure. His complexion Is pale, almost colorless. His eyes are black, or nearly 89, and with a very penetrating gaze. Perhaps the most amusing of Mr. Krouger's characteristics is that he- head of the world's greatest match trust— owner of countless millions or billions of matches-never carries one. He doesn't' cany a patent lighter. He doesn't carry any kind of a fire maker. It Is a habit. He incessantly borrows a match or a light from whomever he may be with as he smokea hia clg- ""lle is Incredibly modest and shy of publicity so much so that he will not travel on a steamship lino which puts llH name on its passenger list. He is live wire, but he loves comfort and iintains apartments, always ready for" him, in New York, Paris and Berlin and a triplex apartment in Stockholm Ho speaks five languages, in ull five of which he is a fluent and magnetic talker when he wants to be. Nevertheless, he has a world-wide imputation as a silent man. He said to this writer: "Whatever success I have had may perhaps be attributable to three things: One Is alienee," the second is more silence, and the third is still more alienee.'.'. MUNHALL IN TEN YEARS DOUBLES ITS POPULATION ___ • WASHINGTON, 1J. C., May 27.—, Pa., doubled its population during the past ten years, advancing from 0,418 to 12,993, census figure*, , ahowod today. I " The substantial increase was shown ; at Warren, O., which counted 41,051 ; us against 27,050 in 1920. Other cities | reporting were: City Population Hamiltoil, 0 ........... 62,108 Ashland, 0 ............. 11,036 Middlotown, 0 ......... 29,S43 Newark, 0 ............. 30,471 Nlles, 0 ................ 1B.313 BDllevue, Pa., .......... 10,^0 Now Kensington, Pa. . . 16,745! Swiasvale, Pa .......... 15,975 16 ft* _„ —i is ini«r« dennlte gMXf ft 6pe£ tdrs~ to 'Wail Street -now ^ho. wfll ell #<Wi we af« well.' isto the fltit hat* of the next bull market, And ttfioDW enough they Will explain that he recent break, while bearish On its ace,"'was Actually a part of the bull Market. In Other word* they call the May Break a "bullish break," strange May bo Cltarle*. Jowtrnw i» the faHtest man In the World an skates. But_ master cupld's arrow travels even fnstcr, and here you see the young Olympic 'skating champion with Miss Nntnlle G. Brewer, who, will become Mrs. Jewtraw soon. They are to foe married at Ulen n:\ge, N. J. EIGHTH DISTRICT WILL MEET IN NEWRY MAY 29 The fortieth annual convention of the Sunday schools of the Eighth district of Blair county will- be held _ in the Newry Lutheran church on Thursday, May 29, three sessions. The morning session will convene at 9.30 o'clock with the district president, J. C. Diehl, presiding. The program will include a song service led by D. N. Slep; address of welcome, B. A. Baker; invocation, Rev. W. H. Miller; convention sermon, Rev. C. H. Berkey; one hour of children's program, Mrs. A. N. Diehl;' reports of schools; appointment of committees and offering. , The afternoon session' will -convene at 1.30 o'clock and will be in charge ojf the vice president, .Blair A. Baker. A song service will be followed by the invocation by Rev. L,. B. Barton; address, "Why Should Our Young People Join the Church? J. C. Diehl; reading, Mrs. W. H, Miller; roll call; address, to be. supplied; receive calls for the convention;' short addresses by county of fleers; installation, offering and adjournment. '" At the evening session at 7.3( o'clock there will be a young people's program given by the young people of the Roaring Spring Church of the Brethren in charge or Miss "Hattic Barnett. Dethol Kills Roaches-QUICK Easy now to get rid of ro«che«. Ja»t spray Drthrt. Kills them aOl-young «md old. Its deadly mist penetrates cracks and crevices. Drives them out. Another spray or two kills them. D«tb«I destroys all those pests that occasionally find their way into any household. Moths, ants, bedbuga. Make short work of them. A trial will convince you. Say "NoI" to substitutes or imitations. For sale everywhere. Dethol Mfg- Co., Inc., Baltimore, Md. Dethol TIN^JIYE anu fabric any color the liquid dye in a tube 12,433 1,787 6,24'ji 3,753 3,233 5,665 4,758 5,007 GABLE'S AVENGE BUILDING MAIN FLpOK ¥>' BUSINESS WORLD *« . " tft« rsttwns ft* tnis «tfe That i* ttttt there *» M ,** Wft «««, "*e?y. little trlbutWn t(y the profesiftnal op and pooir. the pools held their ,, Fot sometime 1 have been insisting .fhat the uptorTi itt business Would not eome urilll thfefall with the first signs appearing /n th* late summer. All the boosters have teen telling the country that the end fcf the depression Hftd come an'd ythat business Had turned upward, tfow they are changing their tune and antfouricing that the upturn i* to come in tHS f All and thci president has put »h bleislng on that forecast. It IS possible the rise .may b* A. little bit delayed--a month or two. Su't there <U»m &tUI* m>t+A lM Kfd'AiAlnnlf IRQ riDQ 111 vuBinBBB auwu»u •*«w • definitely 0% fcy th*"eBil of th» yeaft, vinced or this too and henem they hav« men in no hurry to rush the ihafket. At first they «ufi!ye»ed th« hUjMy «r- ganljied bally-hOfl would (Wo»t the market At Once. 6ut they now lean wore to the long term view and hence they are interested in prolonging a little the period 6t accumulation, fools are appearing in the markets And there are all the sign* that preparations are under way fdr the upswing which is expected to come in advance Ot the actual rise in business. And so It may be' true that while the phenomena we are witnessing has a fcit it **« very May weak Uftat fetid *h«t th« ftf i»UlW*tW (prop*. faftda wh»h tt uitwHy nMtttfiated in the wake bf b*e*ks b# ttege Who want to wwra tl» country ftwM goittg to de- atructiwi, Mv own fc«H« » tftat twn 14 another evidence that ttte patriot** are adt wOfryMig aBmit th« country right now but are deeply concerned in 'the process of ftccuniolating stocks at the ioweit- prtce«, tot market pbou, merger plans, Individual operations and other patriotic purpose*. (Copyright, 1930, by U. P. ft H«w* «*tvl««, InC*) NMIftftEO F01 TODAf tJWMJ «**» WABC (CBS »«*«*);-'» 9. at— (B.S.T.J— In A Rttttfen vnwf*. ' WEAF (NfiC ftetwoMtH4.» V- «*•— (B.3.T.)— MobHe concert. WEAJ? (MBd M«fa>fk>*-i.ttV fa— (E.S.T.)— Palrfioliv* hour. WABC <C»S aetwdfk>—lt p. m.— (E.S.T.)— Ellington'* band. WABC (CB8 network)— 11.30 p. m.— (E.S.1*. )— Midnight Melodies. WFBO, AItoona^-«.46 p. m^- row quartet, Pittsburgh. Af* ftlif C. 3. coate*. H* not i Dtit wft jftrtrl tlWMW ' Startled" n*fg6*wr«v shot« rttg ovttettM e»- -^ ported a ffl«*d«f ***£E&J ll ^*Sii» souade of officer^ ws^ftftofeo* CffSvim explained and stood b> fsMttnf *Wt pride M the pottce pfcJr*J tip OH! three dead cats. "And I only ns«d tBfee Wfl«t* he said. Step in Leadership JT • I Lendershlp Firestone brought out for automobile u*ez — Tt\« first straight- aide tire. —The first rubber lion-skid tread. —The first commercial demountable rim. —The first patented Gum-Dipping process. —The first balloon tire. Perfonaanee Firestone Gum- Dipped Tires; — hold aU world* '• record* on road and track for safety, mileage, speed and endurt • . HE FIRESTONE COMPANY gained its firet succegs years ago by devising a robber carriage tire and a method of attaching which was better than anything owned by the carriage tire trust. When Firestone wanted to make automobile tires, the way was barred by a trust holding the clincher patents for fastening the tire to the rim. Firestone invented a new way—which knocked the value out of the trust's patents and developed into the straight-side tire used everywhere today. Henry Ford, just starting volume production, gave the first order for them. —for tea, consecutive years have won the 500 mile Indianapolis Endurance Race. —wereon winning can in Pike's Peak Race- where a slip meant death. — were on the Stade- baker car.which on a board track at Atlantic City in tiiB went 30,000 miles in 26J26 minutes. '^ f — ran 71J51 miles on a Detroit toxicab, before the first tire teas replaced. •• — were on the G, M. C. truck carrying a two- ton load that hungup the Coast-to-Coasten- durance record. —for 10 year's have been sold on a mileage coat basis to taxicab and bus lines in greater volume than any other tires, and note equip the world's largest taxicab fleet and the world's longest bus line. JLjATER, when all the rim patents were pooled in a trust, Firestone set up a rim factory and broke the monopoly. Still later, when an inventor asserted a bask patent on all de- mountable rims and the manufacturers began to pay ficense.feea, Firestone fought the claim from a new angle and proved it fraudulent. When, just a few years ago, the British robber planters entered into an arrangement artificially to raise the price of rubber Firestone almost alone and. unaided fought the moo- need and give more value than money can be expected to buy. The obligation is and admits of no comproinu FIRESTONE did not fight these monopolies for the sake of fighting. They had to be fought because the Firestone policy demands that a tire price include materials, workmanship, a reasonable profit— —and nothing else. i J^IRESTONE has defeated every monopoly. Firestone has done all the fighting but the fruits of victory belong to everyone. They have made every tire cheaper and save the public at least fifty million dollars a year. STANDING but against monopolies and high prices is a part of a great tradition— a tradition which has been responsible for every notable advance in tire making. It is the tradition of leadership. The pressure is always to make tires that will more than meet every T , ' . _^_ ' . BOS poDcy has created great fvaotu'cea* Tne resources give further and greater force to the policy. The rubber flows in Firestone hands from the 'trees, the fabric travels from the cotton fields through Firestone Mills— everydiing meets in Firestone Factories. At erery point the control m Firestone's. There are no outside profits. il O FIRESTONE Tire iaexpensivc. Thehi^t est priced are, in point of service, very cheap. But .the objective of years has been to make a tire at a low price that would not compromise, on design, material or workmanship. I.HAT tire has now been made. Firestone now announces a new line of tires at prices only Firestone could make. They are Firestone Tires. They are sold as Firestone Tires. And they are sold by dealers who are trained and whose service stores are equipped to ensure that each tire bearing the name Firestone fulfills its obligation., * ] J.HESE tires are now with Firestone Dealers. Ask to see the Firestone line of Anchor Double-Breaker Gum-Dipped Balloons. TIBKS* TUBES * BATTERIES* BRAKE LINING Copyright, 1930, Tbo Firestone TV« * Bobber Oo. t -, ta •y Of ee Pages 24 and 25 for GABLE DAY News!

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