{ title: 'Watertown Daily Times. volume 2 (Watertown, N.Y.) 1894-current, September 27, 1922, Page 10, Image 10', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/sn84035541/1922-09-27/ed-1/seq-10/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn84035541/1922-09-27/ed-1/seq-10.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn84035541/1922-09-27/ed-1/seq-10/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn84035541/1922-09-27/ed-1/seq-10/ocr.txt', label: 'text/plain', meta: '', }, ] }
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> * * NT NEALTH (Fe- | Scavia / :C - [Judo s1AvSoppos IN: MANY: BUSINESS t \* ENTERPRISES MJ mey «py TH _< k 4 pevatines now enn nne ___ «% sars w. | Secretary of the Treasury 'In HID]! Private Capacity Has Vast Inter- estas-Rockefelier Probably Could 4 Get Most From His Estate-Ford's - Income Greatest. & Ps Boston, - Sept. 27.—Accqrdlng to Roger W. Babson, the financial ex- ¥ port, Secretary of the Treasury An- 0 drew W. Mellon controls more wealth in his private capacity than either Rockefeller or Ford. In an interview with Fred H. Thompson in: . EXTE THESE NAMES RACINE | RACINE Trusty Tread | Country Road EY WILL SEPT. 2}. - * \n sat am v4 > the Boston Post he makes known - “31“ QF\ fiwz'fgflm agfigaalgngzfi theso facts. The story follows: ® VALITY:' - SIIKS * SERVICE Upon the brow of Andrew W. sret- 2% o ® Ne * ' § lon of Pittsburg rests the «crown ot R bat P \ Q the world's greatest Anauncial power. is r W'flmwmmmm y, f In his private capacity as a banker Tn _ __/ £._ __ Maieby $8 | Fou Then Tony Pod moe Fone] a '>mmgey Rr! f « D. Rockefeller together, and he! p MWBER— COMPANY E could, if he wished, match their tre bo g J’mgmalu' i mendous Joint incomes, dollar for dollar. Greater Than Morgan, This was the surprising statement of Roger W. Babson, the Wellesley statisticlan and business expert, and a personal friend of all three men, who told a Pogt reportar that this man, who was hardly known to the [TURKS n THRACE. | . REX hot rete oats Jus. SI EA! ; [AND CONSTANTINOPLE] MUSTAPHA KEMAL_ DEMANDS {conrerence HERE _stpr. 21 Pom a R TEF ACUATE general public until President Hard- ing chose him for secrelary of the treasury, had been quietly and sure ly reaching out financial tentacles unfil, when he accepted Journal are wrong offtce, he was wielding greater f- nancial power than even J. Pierpont thetqbubst. unassuming Mr. Mo A {Morgan in the heyday of his succesx,. : Pittsburg. [CC - The Wall Street Journal asserted ,_. fong service will be. held. Special clast week that Ford was the richest +~]numbers including the Hlumimated [grossa sarvice, weill be features of the “rates! as 7d arena, fnanciat authorityl‘q-thlnk that questilo . . An efort is boing made to 'in the M e West, retorted in ajed in three ways: |___ £1321?“ ry “an?” nrelaxftx'it tho | published interview that Rockefeller; \Fisst who wield&\ the . p is not only far richer than Ford, financial power and has the noontids sersfon of the Sunday p,, possesses many times Ford's A {school, earning power. Mr. Babson explain- Melion the Man. est potential carning capacity? jmasr is beyond the question of a in | his private ~ ed in a statement to the Post why' public. both Davis and the Wall Stréet' A in overlodking ldg: of greatest i The impulse to fly 'The propeller revolves - and country homes; and and, like a liberated bird, - on the land, Exide Bat- an airplane soars into - terics propel street ve- ___ tlon comes from an Exide _ for the telephone system, \~~ Hitery used in so many end in a score of ways of our airplanes. . assist in America's com- | mercial supremacy. Not only in the air, but aux.) & on land and sea and under The Exide made for your automobile is the result of the longest and the land and sea, Exide Batteries play an active part in the affairs of men. widest experience; and it - 'They propel submarines - Willgiveyouexceptionally when beneath the surface; long and reliable service, th'ey run the locomotives You should find the nscdinmineenheyfurniqh nearest Exide representa- current for lighting farms - tive ausefulman to know. The Elect-lie Storage Battery Co., Philadelphia Pe a IAL ML i atl S oompa oe «(nl, , RADIO o e i PA - sign you can becorifident ~ h [1&ch of skilfel repair work on \o narremans I «very make of battery, | rave statrom | moos when you meed a | new battery, the right - aime Exide for your cat, , THE 10ONG.-LIFE BATTERY FoR come be nomos ooo ne c slane mas n ek s bopecsmonse - comon c HC Vidt the nearest Exide Service Station. \ « # , Wow York. ttary & ws. a. s WIN-n 13 m {ovu- f Mar-mm. Bosiker-G@raven Rous orwood, Crouch Wrothers Potsdam, Roy C. Clark 1. Ogdens . Kannan & Kenry , eonuxd JF. Moore & Co. Solr f mn &A Richville, MoClure & Johnson to Potsdam, Don L. Blackman n momces A a Battery & Electric Co. \Phone 2676. anm 4 lardipg's ..cabluet. i abaufi'fléb citizen. power in the world mines, ofl companiosm ind a multi Mr. Ford together. He could, if he wiskzed, I belteve, as dollar Jor ajtude of interests, tX¥zan Rockefeller and Mr. both match their joint in dollar, « John D. Reecond. glit-edged securities; fortune - has John D. Rockefelter Hals an invor tired from active - bustauss. course, bfs advice i= -arailable for the many - companto n- which he da interested, but he is meot actively en- gaged, in business ma he war 20 years ago. His Incomes Is about $25, 000,000 a yaar, or peerhipm a little more. Bome of this Rss gives away and much of it he re~invests. It is [the incomes of his inreeaiments. \His wealth varie frum: diy to day., perbaps $1,000,00© or even $5. 000,000, but his securiacies are sound investments and would be worth just as much if be were Gord as when be is liviog, which is very different , (from the case with Mir. Ford. Mr. Rockefellars fortuns - ti&kr is car tainly $500,000,000, preobibly nearer $750,000,000 and - whem the prawn; phan market ' joule wit worth $1.000.000. > 43 peliation of \biiHMonaire=' R \Third who bas tho biggest indi vidual income! I igacso that this man is Henry Ford, t 1ot in the sanse of - actually iheandling the money. Mr. Ford cily draws out enough for hls persormel ind family requirements. but the $125 000.000 a yexr or «mo which the Ford Motor Companyamdits subsid- laries earn for him hes Tames in the business. He is all his ages in one basket, and hs has told me thst bo realizos the fssk he is run- ning in so doing, but hes says he doesn't care anything ambout money and is quite willing t«o take his chances and continue ic» do good for his fellow maen in tho my he be lieves that he is doing Et ~In-sactual Wealth he is worth far L-en than Mr. Rockefeller. \If Edsel Ford and Mw Ford wera killed in an automobils sacident to- night and Mrs. Ford dost red to HquiA- ate the business she foeuld find it a very difficult thing to do. It would be a task requiring meat cars id Judgment, and if the besiness could bo sold out for balf tha» amount if Mr, Rockefeller's fortumo it woul i be very fortunate. Cart Bo Capita® Ized. ''The Wall Street Jourz=na| made Ite mistake in trying to ta_plializge Mr Ford's income. It cant bs cepitallz- ed. If he should reormr=i:e his bus\ iness with $2.000,000.000 - in capital stock he couldn't sell thes mcurities There wouldn't be anybeody to buy them. Of course. a h igh power stock selling campaign could be or ganized and thero would bs a lot of small investors glad to kot _ some Ford motor stock. but wha amount of money possible to es lime in this way wuld be only a small fraction of $2,000,000,000. Sony-art FD _ BYI EPLLA.] doubt, Andrew W. Mellon. the morery' sound Investments. If he tary of the treasurmr in - President me; 1 do rot refer to Mr. ~*. | Mellon in his offichl capacity but as la private banker md capitalist” His s blic office is an ic£u handicap to 'You ask me who is the richest | PU c c rian in the world. James A. Davis, man in the world.\ said Mr. Babson. 2! !t (prevents himn from doing a can be answer. | \Second who is the- rithest man in actual cash and e«meily negotiable, that is, whose the gzromtest quick, forced sale value? \The answer's tor today, &nd he his practically. rs; $00. which. justifies time poperiar-zp- bulk of thal Rents Centeaing A bout the Dardanelles and Constq RAM-WAVE. * Avert tere GREEK ARMY AY BEGINNING - IW - FENSIYKk w {NNING OF yures mr seedigh oul t ok d ILX Aro % 5T a. le w W mendnA . ntEnople or oF % <% 206 1 u FL HEAD AVS . 30. GRK EK unis ATTACKED I } t © JHUG.2?. h \ * \r t=, /[ TURKISH ¥ | PURKISH . C [, BASE @ MAIN ATTACK, AUG.26G Kara Higgar: *% site or A* GoRpium a, So CLL o -A <> {A || than he is. \But even if he had, he would not havo the financial power held by Mr Mellon. In his personal fortune Mr | many things he coul«& do as a private! Mellon certainly is ons of the three of th He is the grrestest financial today, deapits a, | the fact that he is meecretary of the gat'trmpry. He contreds a richest mon in the world. perhaps the second richest, c be surprised to know soon that he more wealthiis the richest man in the world | c-apicity-banks, know that he contro's more money than anyone elss His incomo can be practically what he cares to it. he desires to exercise It. But he is an investor; he enjoys the szercise of his remarkable talents for organ- izing and building up great financial and business enterprises, and he de- luau than to increasing his already the tremendous income he could un- doubtedly bave if he chore. Methods Are Quiet \I don't think that I ever heard of Mr. Mellon coming Into conflict with the lato J. Plerpont Morgan - Mr Mellon came along with Henry C. Frick and they worked together. \His mathods have been quist and unspectacular, which explains why the genaral public had heard Hittle j about him until he became secretary : of the treasury, and why his tremen- dous financial power is known to so votes more attention to these actlvl-l great personal fortune and earning commilitee of 21 4 , Luis Angel Firpo, the bea had!the home of Mrs Chester Hentze. A kept the money he has given away | picnic dinner will be served at noon. Do mot misun-! and had reinvested it, he would be worth today about a half again more, Emma Danfels, accompanied by her sister, Mrs Lucinda Calkins tof Dexter, who have been - visiting (relatives at Batavia for several days, returned home Monday -W' M Kay of New York city, a representative a Near East organization, spoke ‘ln the Methodist church - Sunday and I would notlmofinlng and in the Presbyterian. posingly located. evening. - Mrs.: church Sunday Georgia Saurs and son, Domald, are guests of relatives in Kingston, Oft. Mrs Cartle Place left todmy Yor an make;extended visit with friends and rela- nflfi‘i‘ah He has the financial power ifi tives at Syracuse and Rochester - i Mr. and Mrs. Henry Georgge, John a banker and capitalist rather than|Prior, Mrs. L H. Bartlett aand Miss! 50W\ will msigst in Mabe! Hart attended tery at Morristown 'The tome bu- reau held an all day mectizmg today : when election of officers took place In the afternoon the home nursing class convened -A member of the meet\ the peo-! ple in grange hall next Tuesclay night | after the session of the grange All' interested people are urge® to be' prosent - Miss Jullette Lucas spent' the woek ond with Miss Annie! Combs at Watertown Sor o Geren nnn Flrpo Meets Tracy, Oct. 8. Buenos Aires. Sopt 27 --(Zreat to- torest is being evinced in tho com- Ing 15 round boxing bout the _ Presby / t , rywolghtt champion of South America and Jim Tracy, the Australian - The nen win} fight on Oct % in the afternoon, in a few.\ - Chums“! Notes, Chaumont, Sept. 27.-The Ladies' Ald of the Methodist church will' hold an all day mooting Thuraday st g huge amphitheater which is under construction on the football Geld in; the suburbs of thp city. August! says <8.000 persons will be j at 7 15 p m. for able to view the battle. O {on know ailments of marked change ? D \Unlike Mr. Rockefelin=. he ts not drawing his incoma apd reinveat ing | it outside of his original Business if he had been doing this uw ndov btedly he would be worth todiy more than Rockefeller in actual w- ealth. - in- #tead, ho has beon putting - the money right back in the business and in consequence he has found it possible to reduce the price of his cars con- tinualty, Not Protected \Mr Ford's business is radt protect ed by patents. Anyone is frro to do exactly what he is doing. He has told Wall Street that if they don't like what he is doing they are quite free to organize a compin y and pio- duce Fords in lon - with bim _ Thoy _- tho.chal. the mar Tenge, becailka they haven't ket which makes it poultals to pro. duce cars in the volume he» does \Any day some new Invention, a revolutionary improvemen # in auto. mobiles, may come and t aks away Mr. Ford's markht - The General Motors Company is getlinss cose to him with a low gost car, but they bavon't been able to Tacks the try mendous volume of prodeztion that is the secret of Mr. Ford'®s amazing success. Mellon's Gremt Poweer, \Mr. Rockefeller has tSited from by Patents. active business and he {; taking the l’fe course of protecting his fortune named DO you know their health by into something It is prepared with tains no narcotics n In a word, Lydia E. not caused by any seri O you know that these common ailm , that are very much like those caused surgical conditions? » lessly from such ail If treated early, that 18, wi symptoms appear. serious conditions may oft first appearance of such symptoms as periodic pains, and nervousness, Lydi i . rd, . Pinkham's V (~~ tiverrelieving\the present dietrce LYDIA E. PINKHAM ; Catholte chureh in this i burg, Monilagtze and Pickn mass in this church. } - It is a spactous build of Rev John Evans. |waTerrown . VVQCALVI’GTS - 76: §ING AT NEW sostoy '; __ OF - sig Catholics cfiumh.Wu Bullt 25 Ya E Ago By L-ate Father Barthotop WRR McLaighFin-Fathar O. L. Has Served 14 Years, Emu\ , Bou The sliver jubllee, 25th sary of the erection of the New Bo: ton Catholic church, will be celehry, ed Sunday, and- All present and mer parlshomers mre expected to at. | tend the specaF | services in m’ I thurch or that day. Thera will by many visiting priests, , A weok Of spiritual retreat is no being carried out, beginning last Sup day and will ond with the P celebration Sunday. a h Solem: high masa will be celebnj | ed at 10:80 Sunday -morning by th pastor, ,Rev. Father 0. L Rem]9 who is also pastor of Copenhagen “y“ Rutland parishes, - Rev, Fathep F Conway of Sarnitega Springs, C g § R., will be the preacher on this k caslon. There will be other Yvisith priests. A deacon and sub demo: will assist Rev. Father Bentley, caly'| ; brant. o i The New Boston church was GPA . ed 25 years ago by the lata Ret, Father - Bartholomew McLaughy, ' Rev. Fathor Murray avas pastor fora few yearn and during the Past 1 years Rev. Father Ben ley has serve} as pastor. He his. longer |y this pastorate than any other prieg, The church building has bea thoroughly renovated and repaired during the past year. It is the only ter rito 7 | its parishioners are largely farmeny who drive in from a radius of fin 'and six miles to attend servicy, ) Catholics from the towns of Harrfy.: 87 aftent 10g and is ip. It is completaly equ pped ind faa church of which ty parishioners ars justly proud. fy few rural comemunities can boast of so fne a building so completely fgp About 100 families arg i A choir of vocalists from Watep the services Su. day morning and many Catholics ax. priests from distant Waris of the dig cese will tike part in the celebration REV. ALEONDEN A. BARON RESBNTERY MODEMTM NEW YORK MiLLS ELECTED“ OFFICE AT LYON®B FALLS: MEETING. . Lyons Falls, Sopt. 21.-Rer. Als ander R Barross. pastor of the Preg. byterian chirch it New York Xik, was glected moderator of the Pg. bytory of ltic® at the second jos» salon of the fall meeting held in the Forest Probytery church hers Y8» terday George C Frost of Oriskany, who tendered his resignation as clerk og the Prestsyiery, was - aucceeded by Ag Rev Wilitam T Eaton of Lyons Falls, eas The mseling | adjourned Fekirday 22 Promoter afterncon to meet in Boonrilly.. Oct. f the installation & that by tar the larger number women are not surgical ones; that ma thin a reasonable tinge after en be averted. 1a E Pinkham's Vegetable Compoun which The \ Corn ous displacement, tumor, growth, or other ents produce symptoms by th irregularities, irritability £ R & rsistent use of it sh itself in the disappearance, one after another, of thiedis mptomer eeable symptoms. eggagigggrgpoundmfl a natural-rostoram--~ - ess and preventing more serious trouble. Why not give a fair trial to this medicine ~Iydia E. Pin Vegetable MEDICINE co. Lyn tof 64 (fb, mes Inf u ey up bus of the common that is they are e more serious the first waiming Therefore, at the bring about these & ound ass.
