Monday, Dec. 13, 1926

Notes

General Motors insured the 100,000 and more employes of G. M. subsidiaries for $1,000 each with the Metropolitan Life Insurance Co. last week. The $100,000,000 group policy represents as much business as Metropolitan Life did in the first 20 years of its existence.

Cotton Tariff. No longer may U. S. cotton enter Russia free of duty, for the Council of People's Commissars calculated that at present prices U. S. lint can stand a tax of three and one-half cents a pound and still be cheaper than Turkestan cotton. This tariff was promulgated last week, the current price of cotton in the U. S. being only twelve cents.

Atlanta. For ten months newspapers and magazines have carried advertisements stating the advantages of Atlanta, Ga., as a trade centre, "Gateway to the South." The campaign cost $250,000, and it has succeeded. In ten months, 136 new concerns went to Atlanta, and 4,630 persons. The communal payroll increased by $7,000,000 yearly. Pleased, Atlanta businessmen began last week to collect $1,000,000 to continue this national advertising of their city for another three years.