Peace and economic outlook in postwar America
Arthur B Chapin and Simon Swig discuss a postwar readjustment in 1920s America. The first warns that wages and prices must adjust, taxes rise, and labor tensions linger, while banking remains sound and food supplies steady. The second foresees strong industrial expansion, restored credit, and rising foreign trade as gold from war allies fuels domestic investment.
MENTIONED IN THIS ARTICLE
Washington
Europe
Call for a square deal and tariff protection for New England
The article argues government war order cancellations threaten New England with losses as suppliers and raw material vendors suffer from abrupt cutoffs. It urges fair treatment, warns of unemployment until tariffs restore protection, and notes Ford’s Detroit expansion as example of postwar readjustment and potential economic boom. It emphasizes industrial capacity, plant repurposing, and the need for a square deal from Washington to revive prices and production.
MENTIONED IN THIS ARTICLE
New England
Washington
Ford
Detroit
Apply Resources to Conditions by Max Mitchell
Max Mitchell argues that the nation should inventory its postwar assets including cash, manufacturing, merchant marine, and efficiency gains, then remove price restrictions to restore supply and demand. He urges public building to ease readjustment and predicts a rapid rebound in peace materials demand once prices become attractive to builders and buyers.
Yearend Stock Market Shifts Amid Tax Adjustments
New York trading on December 31 shows a calmer final session with heavy yearend cash offerings to adjust tax income accounts. Oils lead gains with Mexican Petroleum up sharply, rail and utility issues mixed while United States Steel holds gains, bonds irregular as liberty issues strengthen. total sales reach 935,000 shares.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Mexican Petroleum
Texas Company
Pan-American Petroleum Common
Preferred
Canadian Pacific
Illinois Central
Union Pacific
Reading
Great Northern
Delaware & Hudson
New Haven
Grangers
United States Steel
Baldwin Locomotive
Liberty Division
United States
New England Industrials Offer Promising Local Investments
Massachusetts investors may favor small local industrials as tax relief and rising dividends tilt preference away from troublesome bonds. Until recently experts advised avoiding industrials, but recent trends show robust labor relations and steady stock rewards in well managed firms.
MENTIONED IN THIS ARTICLE
Massachusetts
Pride in New England Industry and Honest Management
The text extols the enduring quality of industrial work in New England praising established runs on proper lines as a source of local pride and noting the skilled workers and manufacturing traditions. It lauds Massachusetts shops and mills including Sullivan Machinery, Plymouth Cordage, Pacific Mills, Naumkeag Steam Cotton, Ludlow Manufacturing Associates, and Merrimac Chemical for intelligent management and conservative, honest finance.
MENTIONED IN THIS ARTICLE
New England
Massachusetts
Sullivan Machinery Company
Plymouth Cordage Company
Pacific Mills
Naumkeag Steam Cotton Company
Japan Pledges Open Door Policy at Peace Conference
Baron Nobuaki Makino of the Japanese Peace Commission said Japan will pursue a policy of peace and an open door in the Far East at the peace conference. He stressed cooperation with allies and a just lasting world peace, noting Japan’s role in restoring stability and keeping the Pacific open to commerce. Makino and delegates plan to visit Washington and sail January 4 on the Carmania after London and Paris stops.
MENTIONED IN THIS ARTICLE
New York
Japan
Far East
Nobuaki Makino
Japanese Peace Commission
France
Japanese House of Peers
Advisory Council of Diplomatic Affairs
Orient
Germany
Pacific
Baron Makino
Washington
Viscount Ishii
Cunard
London
Paris
Inheritance Tax on Bingham Estate Tallies at 99 Million
Louisville report shows Mrs Mary Lily Bingham estate valued at 99,584,866.44 with final inheritance taxes estimated at 4,537,418.98. Result would pay state debts of 8,165,106.19 and leave 1,372,312.79 in the treasury. Increase from prior valuation attributed to untold gains and affects niece Louise Clisby Wise of New York.
MENTIONED IN THIS ARTICLE
Louisville
Mary Lily Bingham
Henry M. Flagler
New York
Kentucky
Bingham
Louise Clisby Wise
Princi
Also Mentioned on This Page
The
First National Bank of Boston
Buenos Aires
Argentina
Boston
Milk Street
Polsanes Ace
Arthur B. Chapin
American Trust Co
Simon Swig
Tremont Trust Co
Tremont Trust Company
Allen’s Mining, Oil and Industrial
Tel
Devonshire Street
Mass
F. A. Schirmer & Co
Boston and
Harvey’s
Harvey
Arthur M. Harvey
State Street
Max Mitchell
Cosmopolitan Trust Co
Cosmopolitan Trust Company
New York Market
Earnest E. Smith
Earnest E. Smith & Co
Hornblower & Weeks
New York Providence
Chicago
Portland
General Banking
the Cosmopolitan Trust Company
Silas Peirce
Patrick F. O'Keefe
Richard Pinksohan
George M. Rich
Frank Dierauf
Frank G. Howard
Congress Street
F.G. Roberts & Company
State St
Consolidated Stock Exchange of New York
Worcester
Providence
Springfield
Mme Ae
Pai
National Bank of Cambridge
Pershing
General Pershing
Boston Sunday Post
Francisco Tudela
Tima
United States Senate
Lima
Leahy
William J. Leahy
Bright-Sears Company