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list of "Century Houses" which the COOPERATION HAD

Association collected in connection with

MR. SMITH CHOSEN
MEMBER OF BOARD its Twenty-Fifth Anniversary celebra-

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ever since.

Mr. Smith's ability as an organizer and an executive has been amply demUnonstrated in the typewriter field.

der his management, the Royal Typewriter has extended its sales system all over the world and there is no country where it does not maintain a selling force with suitable office equipment. In many foreign cities the company has built or purchased buildings of its own.

Was Director of National Chamber Mr. Smith has served as a member of the Board of Directors of the Chamber of Commerce of the United States, and for two terms he was President of the American Manufacturers Export Association. During the war he acted on various boards charged with the execution of Government work in various fields with which he was familiar.

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LEGISLATIVE SERVICE WORK The Merchants' Association's Legislative Service Bureau during October responded to 134 requests for information. Of these eighty requests related to Federal legislation, eight to State legislation, ten to City ordinances and thirty-six to miscellaneous subjects.

BLIGHTING EFFECT

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Path Society Turns Its Back on Its
Cripples When Business Men
Sought to Advise

ITS SOLICITORS NOW OUT AGAIN

Prepared by the Bureau of Advice and
Information of the Charity

Organization Society

The holiday season more than any other is the time for meeting or, at least, making contact with old friends and renewing the old ties. Acting upon this impulse and assuming that business men would be glad to see its solicitors, the Path Association revived itself to meet the emergency.

By Way of Introduction

The solicitors, by way of introduction, presented to the merchants duplicate copies of the receipts issued for contributions given several years ago. This was a wise precaution, of course, and served as a real prop to the memory of the merchants. Associations, like people, change with the years and are not always recognized at a glance, particularly when one is busy. And let it ever be said to the credit of the Path Association that this method of introduction was well planned.

But what of the other activities of the Association? Well, in its youth it had a marked interest in cripples; tried to teach them useful trades, find them jobs, etc. These efforts never seemed PISTOL BEARERS MUST FILE to be very successful and on one or PHOTOGRAPHS two occasions certain responsible busiDepartment The Police ness men tried to play the part of a nounced that all pistol permits here- big brother, to advise and even to asafter granted must be accompanied by sume responsibility for the proper diof the Association. But a photograph of the bearer. Approxi- rection mately 30,000 persons are licensed in scarcely was this step taken before the New York City to carry revolvers. Chief men suddenly withdrew and manifestamong them are employees of banks ed a sudden coldness and lack of inand other financial institutions and per- terest, and the Association died! sons engaging in hazardous occupations.

APPOINTED ON COMMITTEE
Mr. Clarke Freeman, Engineer of the

Manufacturers Mutual Fire Insurance Company of Providence, Rhode Island, and Mr. Ernest W. Brown, Attorney and Manager of the New York Reciprocal Underwriters have been appointed by ANOTHER "CENTURY HOUSE" President Pierson a member of The The attention of The Merchants' As- Association's Committee on Fire Presociation has been called to another vention and Insurance of which Mr. name which should be added to the Alfred E. Marling is Chairman.

Cripples Left in the Lurch

The activities, therefore, so far as any benefit to cripples is concerned, have seemingly ceased. No school can be found, no placement bureau discovered. But the zeal of the solicitors is unremitting. It will not cease 80 long as business men give without knowing whether the cause presented is worthy or not, or whether indeed it really exists.

Why not file "Greater New York"?

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66

'To Foster the Trade and Welfare of New York

GREATER NEW
NEW YORK

VOL. XII

Bulletin of The MERCHANTS' ASSOCIATION of New York

NEW YORK, MONDAY, JANUARY 8, 1923

No. 2

Asks About New Commercial Treaty With Spain

Responding to a Warning Sent by the American Chamber of Commerce in Spain, Which Points Out the Serious Situation Caused by the Termination of the Present Agreement on Nov. 5, 1923, This Association Asks Commerce Department What is Being Done

Inquiry is being made by The Merchants' Association of the Bureau of Foreign and Domestic Commerce, as to what is being done to negotiate a new commercial treaty with Spain to. take the place of the present treaty, which will expire on November 5, 1923.

The attention of The Merchants' Association was called to the matter by the American Chamber of Commerce in Spain, Mr. M. M. Smith, President.

Appealed for Aid

In a letter addressed to Mr. S. C. Mead, Secretary, last month, Mr. Smith said:

"We earnestly request your active support and help in a matter which vitally affects not only the future of our organization and its members but also that of American trade with Spain and her possessions.

"The official 'Gaceta de Madrid' published on the 10th of last November a measure of the Ministry of State (dated the 5th) denouncing the agreement of

AMERICAN CHAMBER OF
COMMERCE IN GREECE
Athens, December 2nd, 1922.
12 A. Constantinou Diadochou Str.
The Merchants' Association of
New York,

233 Broadway, New York.

Gentlemen: We take pleasure in acknowledging receipt of a copy of the 1922 Year Book issued by The Merchants' Association of New York.

Already last year's copy was of great interest to our members and continually consulted by local importers and exporters but 1922nd issue is still more interesting showing at a glance the rapid development of your Association and the great assistance you are rendering to American pioneers abroad.

I have been instructed by the
Board of Directors of this Chamber
to transmit their sincere congratu-
lations on your Twenty-Fifth An-
niversary as well as their best
wishes for your splendid leadership
in fostering the Trade and Welfare
of New York.

Yours very truly,
Baron D. Offenberg,
Secretary.

still further

ment creates for all those interested in selling American goods to Spain. If a new commercial agreement is not signed between the two countries before November 5, 1923, American goods will lose all the privileges they at present provisionally enjoy and will have to pay customs duties under the first column of the tariff, which, generally speaking, are more than double those of the second column. Thus Americans not only will be at a disadvantage as regards those nations paying duties under the second column but at a still greater disadvantage as regards the British, French, Swiss, Norwegians and others who have recently signed special commercial agreements with Spain. These agreements give those countries such a reduction in duty on their principal exports that they may be said to pay at the present time from 20 to 30 per cent less than the duties of the second column.

No Time To Be Lost "The question of a commercial treaty

August 1, 1906, which regulated com- column of the tariff, in addition to ad- between Spain and the United States mercial relations between Spain and vantages accorded by which will obtain for American prodthe United States. This agreement was special agreements of recent date to ucts imported into this country the drawn up in such terms that either of merchandise of British, French, Swiss, same rights as are granted to those of the parties to it, before denouncing it, Norwegian and other origins. France, England, Switzerland, Norway, must give a year's notice to the other. A Grave Situation etc., is of such vital importance to Therefore, it remains in effect until "These advantages are, for us, but American exporters and manufacturers November 5, 1923, and meantime our temporary, however, and we think it not a minute should be lost in having merchandise introduced into Spain will needless to emphasize the enormous our Government take action regarding enjoy the advantage of paying customs gravity of the situation which the de- it. Our Chamber, in special meetings duties under the second, or preferential, nouncement of our commercial agree- held to discuss a plan of procedure, de

MUST MAKE NEW TREATY

Industry and Trade

Four Group Sessions for detailed discussion of
obstacles to import and export trade and two
General Sessions for final decisions on the follow-
ing subjects:

The high price of $3.50 per bushel
recorded for wheat on May 15, 1917,
and on January 7, 1920, is the high-
est price paid in modern times. Wheat
sold in New York on April 26, 1867,
at $2.90 per bushel, the high for mod-
ern times previous to 1917. On July
27, 1894, the low level in history was
touched, 54% cents per bushel. The
high price of May 10, 1898, was $1.93.
The 1917 high price of $2.45 per
bushel for corn is the highest price
ever reached in this generation, and
compares with $1.88 per bushel in
January, 1865. The lowest price ever
reached in this market was 254 cents,
on September 8, 1896.

In cotton (Middling Uplands) the
high record in American history was
reached in 1864, when the New York
price went temporarily to $1.90 per
pound. Low level since 1850 was
reached on November 5, 1898, when
cotton sold at 5 5-16 cents per pound,
remaining at that figure during several
weeks. The top price of 1920, 43.75
cents, exceeded that of any year since

1869.

CONSUMPTION OF PLATINUM

More than half the imports of plati-
num come from Colombia. It is esti-
mated that a total of 200,000 ounces
was available for consumption last
year. It was sold at prices ranging
from $87.50 an ounce to $108 an ounce.

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NEW BRONZE TRAFFIC TOWERS FOR FIFTH AVENUE

Fifth Avenue Association Presents Seven Towers Constructed After a Design Resulting from a Competition-Bells Strike Noon and Midnight

Seven bronze traf

fic towers have been presented to New York City by the Fifth Avenue Association for erection in Fifth Avenue. They will be placed at congested points, taking the place of the towers already in position. They will be occupied by policemen for the control of the movement of traffic.

The first of these towers has been erected at Fortysecond Street.

Each tower has

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two clocks, one facing north and one facing south and each is equipped with a bronze bell weighing three hundred and fifty pounds, which will

strike twice a day, at noon and at midnight.

The accompanying photograph shows one of the towers. They are constructed almost entirely of bronze, with a granite base four feet square and three feet high. They are twentythree feet in height. The base of each tower has granite "striking blocks" at each corner to fend off traffic and protect the tower. The lower part of the structure is open so as to permit an unobstructed view up and down the Avenue.

The space at the top where the traffic policeman stands is enclosed in glass windows. The towers are heated by electric stoves.

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of the designs came from as far west as Chicago.

The present system of traffic regulation by means of signal towers was adopted upon the recommendation of

Special Deputy Police Commissioner John A. Harriss. It has worked SO well in Fifth Avenue that the Board of Estimate appropriated $250,000 for extending it

in Broadway, Varick Streeet, Seventh Avenue, Sixth Avenue, Fourth Avenue. Park Avenue, Lafayette Street and 125th Street in the Borough of Manhattan, in Bedford Avenue, Brooklyn, and the Grand Concourse in The Bronx.

STATE MONEY
ORDER BUSI-

NESS

New York State did a larger postal money order business last year than

In the center of the tower on the any other State in the country. It is

north and south sides the City seal is
engraved, while the seal of the Traffic
Department appears in corresponding
positions on the east and west sides.

sued postal money orders amounting to $145,313,841 and cashed postal orders amounting to $215,901,094. The State of Pennsylvania ranked secona.

TERMINAL BRANCH
TO BE REOPENED

Protest Against Suspension of Busy
Office Leads To Its

Restoration

would be the best policy for the Gov- MUSEUM SHOW TO COME THIS MONTH

ernment to build one.

Station G in West Fifty-first Street near Broadway, Manhattan, upon which

the lease has expired, is also too small. Annual Exhibition Showing Study
The Postmaster General recommends
of Collections in the Museum
that the Government erect a building in
Begins January 15
that vicinity.

Stations A and W, in Brooklyn, at

PROVISION FOR MAIL TUBES 661 Broadway and at Broadway and NOW ATTRACTS MANY VISITORS

The Post Office Department, respond ing to protests made by The Merchants' Association and by business men in the lower part of Manhattan, has decided to reopen the Hudson Terminal Station.

Suspension Injured Service

This station handled an average of 800,000 pieces of mail a day during most of the fourteen years of its existence. It was closed last May and its suspension was followed by an immediate protest. A Committee, headed by Mr. Cornelius S. Loder, was formed to bring about its restoration and The Merchants' Association made effective representations on the subject to the Post Office Department calling attention to the decline in efficiency in handling the mails.

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in the preceding

By Mr. Richard F. Bach Metropolitan Museum of Art

The Exhibition of Work by Manufacturers and Designers Showing Study of the Museum Collections will take place this year from January 15 to February 28.

The Seventh Exhibition

This will be the seventh in the annual series of these collections of current work by firms and individual producers engaged in the industrial arts who regularly come to the Museum for suggestions, motives, ideas, colors or aids of many other kinds in the pro

This total compares with $7,959,- duction of home furnishings, costumes, 111,400 twelve scenery, jewelry, and other objects in months. some forty trades represented in and Closely associated with the increase near New York. In fact, many designin the figures shown over 1921 was the ers and maufacturers now come to us An investigation showed that more improvement that took place in a great from afar, Chicago, Minneapolis, and than 100,000 persons were dependent upon the Hudson Terminal branch for many lines of trade or industry. More- Grand Rapids being well represented. A representative collection of materitheir mail and that the service was in- over, the outlook for the launching of new enterprises is considered encour- al will again be available, illustrating adequate. Consequently, a report was aging by bankers who express the be- the primary truth that Museum remade to the Postmaster General recomlief that a great many mergers will be sources do not offer a panacea for the mending the reopening of the office, and witnessed during 1923, particularly incompetent designer or an easy salesthis report has been accepted. The Deamong the oil, iron and steel, sugar, getter for the commercially minded partment has arranged for adding leather, copper, textile and other in- manufacturer or tradesman, but rather 60,000 feet of floor space to the office. dustries, as well as in the railroad a varied and tested fund of information

The Mail Tubes

An appropriation of $513,911 for the pneumatic mail tube service in New York City has been approved by the House of Representatives. chants' Association took an active interest in the restoration of this service.

new concerns

world. Wall Street also believes that which will aid in producing better denumerous banking mergers will take sign and, by virtue of quality and atplace. Financial support is being of- tractiveness combined, contribute tofered rather freely to new business and ward the solid foundation of the trades industrial undertakings that The Merare as- concerned with industrial arts. The insured competent management. fluence of the Museum as manifseted in From the returns received from the interest and actual output of an invarious States it appears that 9,442 creasing number of factories, shops, were chartered during and workrooms is now an established the past twelve months, as against factor in American industrial art. 9,527 during 1921. These figures cover Some of the results of this study will only enterprises with an individual au- be shown in the exhibition now in thorized capital of $100,000 or more. preparation, which, as heretofore, will Attention should be called to the fact bring together, not the sum total of in this connection that the compilation the year's work, nor necessarily the embraces a great variety of industries best that the year has produced, but a suggesting increased competitive condi- group of objects in many fields considtions. ered thoroughly representative in their

The Postmaster General has recommended to the Congressional Joint Commission on Postal Service that two new branch post office buildings be erected in the Borough of Manhattan and one in the Borough of Brooklyn. He believes that an emergency exists which makes the construction of these buildings necessary.

Would Erect Three Buildings In the case of Station J at 309 West New oil and gas flotations have respective trades; objects, furthermore, 125th Street, Manhattan, it has been played a prominent part in the showing the majority of which are produced outgrown. As there will always be a for the year, while new shipping and several at a time. It is, of course in need for a station in that vicinity the chemical concerns were also well rep- the direction of quantity production Postmaster General believes that it resented. that our greatest service lies.

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