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18 (330)
Survey c
CLOSER RELATIONS.
At a formal dinner given by acting
President Chiari, of Panama, Secretary
Knox) who is on a tour of visitation to
the South American republics, advocated
closer relations between the American
Republics, and in the course of an
address said, "We who live on the
western hemisphere find ourselves by
force of geography in circumstances
which make our situation peculiar and
this fundamental fact gives us privileges
and imposes upon us duties and
obligations we would not otherwise
have. It was a perception of this which
prompted the announcement by President
Monroe of the great and beneficent
policy that now bears his name. In
my judgment the Monroe doctrine wil
reach the acme of its beneficence whet:
it is regarded by the people of the
United States as a reason why we
should constantly respond to the needs
of those of our Latin-American neighbors
who may find necessity for our
assistance in their progress toward better
government or who may seek our
aid to meet their just obl'gatlons and
thereby to maintain honorable relations
to the family of nations. Great as will
be the glory of having physically divided
a hemisphere, a greater glory will be
to have contr'buted to the unity, happiness
and prosperity of Its people."
CANAL FINISHED IN JUNE, 1915.
Col. George W. Goethals, chairman of
the Isthmian Canal Commission and
chief engineer of construction says he
expects the construction work of the
canal to be finished and In working
order by July 1, 1913. He Ba'd he was
aiming to get all the work done by
June 1, 1913. "The official opening of
the canal is still set for January 1,
1915," aald Colonel Goethals. "But we
are hoping to put boats through the
latter part of 1913. I do not anticipate
any delay about the delivery of the big
marhlnery for the locks. I expect to
have It all 'n place by July 1, 1913. In
fact, I have strong hopes that everything
will be In place by June 1 c"
netx year. The Gatun locks are 89
per cent, flnlnhed, the locks at Pedro
Mivrel are more than 90 per cent, coman/*
#* /%*** *7^ 4 ? OA *
, v.vm n..u Hum iu iu ou per ceni. or
the Culebra cut Is done."
NAVY rXFLATMHT.
Secretary Meyer has informed the
Hnnpe naval affairs committee that by
1910 .Tannn would have taken the place
of third naval power from the United
States, unless the latter builds two battleshlns
a year. He urged greater liberality
by Congress In dealing with the
naval establishment. Mr. Meyer asked
also for an approbation of $1,000,000
to establish an around-the-globe wireless
svstem, hv which American warshins
could keep In constant touch *Washington,
w'th their bases and with
each other. The secretary said that,
even with the construct'on. of two battleships
a year, the United States In
four VPS rfl WCIIllll ho fnrnnA << ?
- ? .. U\ IVIWVU LU Uiup Utrhind
Japan and France In the naval
scale. If only one ship a year be built,
he said, the country would find Itself
outstripped by Great Britain, Germany,
France and Japan.
UTR. ROOSEVELT IS ItESPOXSTVE.
In answer to the address and appeal
of seven "progressive" Rovernors who
recently urred that Mr. Roosevelt enter
the presidential race aRalnst Mr. Taft,
the ex-presldent' replied as follows:
Gentlemen: I deeply appreciate your
letter and t realize to the full the heavy
responsibility It puts upon me, express
THE PBE8BYTERI
>/ Currer
lug, as it does, the carefully considered
convictions of the men elected by popular
vote to stand as the head of gov
ernment of their several states. I absolutely
agree with you that this matter
Is not one to be decided with any
reference to the personal preferencei
or Interests of any man, but purely from
the standpoint of the interests of the
people as a whole. I will accept t.
nomination for President If It is tendered
me, and I will adhere to this decision
until the convention has expressed its
preference. One of the chief principles
iur waicn x nave siooa, and (or which
I now stand, and which I have alway
endeavored and always shall endeavoi
to reduce to action, is the genuine rule
of the people; and therefore I hope that,
so far as possible, the people may I
given the chance, through direct primaries,
to express their preference a^
to who shall be the nominee of the R<
publican presidential convention.
COTTON SEED VALUES.
The growing importance of cotton
seed oil as a factor In International
traffic, as well as in domestic consumption
is illustrated by the fact that the
bureau of statistics has recently added
that article to its monthly Advance
Bulletin, showing exports of leading
articles of domestic production and now
Including cotton-seed oil. The bureau's
figures show larger value of cottonseed
oil exported in 1911 than In any ^earlier
calendar year in the history of the
trade, the value of these exportations
In the year ending December 31, 1911,
being $21,839,157, against $19,813,823 in
1908, the former high record year in
exports of this article. For the month
of January alone the value of the exports
is nearly $4,000,000, promising a
still further increase in the total for
the current year. The value of cotton
seed oil exported from the United
States during the decade is considerably
more than $150,000,000. The development
of the cotton seed oil industry in
the United States has been phenomenal.
The total value of the product of cotton
seed oil and of the oil cake and oil cake
meal resulting from its manufacture
waB according to the census of 1910
$125,000,000. Of crude cotton seed oil
only, the production Increased from 54,666,666
pounds in 1880 to 1,260,000.000 In
1810.
MORGAN ISM.
The HouBe steel trust investigating
committee has made public the result
of the inquiry into the hooks and minutes
of the United States Steel Corporation
conducted by Farqubar J. McRae,
an expert accountant. The McRae re.
port reaches the conclusion that the
Steel Corporation operates in restraint
of trade and prevents competition
through a manipulation of prices,
through the Influence of the so-called
"Gary dinners," by control of raw materials
and through a system of interlocking
directors in various companies.
Some of the figures dealt with In the
report are startling. It is shown that
J. P. Morgan A Co. received approxl
mareiy ?<u,uuu,ouo in caen profits for
organizing tbe big steel combine, and
that tbe net profits of tbe concern for
the first nine years of Its existence were
more than $1,000,000,000. That J. P.
Morgan ft Co., heading tbe syndicate
which organized the 8teel Corporation,
received a cash profit of $69,300,000, o'
which $62.5000,000 was for promotion,
with an additional commission of $6,800,000
for a bond conversion scheme.
That the net earnings of the corporation
for a period of nine years were
$1,029,686,989. or an equivalent of ap
AN OF THE 80UTH
it Events
proximately $13 a ton on finished product,
instead of $980,000,311, as claimed
by the corporation in its report.
THE NEW FLAG. y
An official order for changing the
stars of the national ensign and the
union jack in use by the navy to show
the addition of two new states to the
Union has been issued by the navy department.
The change, which takes
effect on July 4, provides for 48 stars, in
six rows of eight each, with the corresponding
stars of each row in a vertical
line. This arangement is recommended
by the Joint board of the army and navy
and approved by President Taft.
BUSINESS HAS PSYCHIC PARALYSIS.
"'Psychic paralysis' Is the disease
which now afflicts business; AttorneyGeneral
Wlckersham Is the doctor to
treat it, and legislation is the cureall."
This Is the unique parallel between
the trust situation and medicine,
drawn by Assistant Attorney-General
Denlson. He explained that the patient
cannot move solely because he thinks he
cannot, and which Is caused by worry
and fear, exactly fits big business now.
If the Sherman law had been enforced
from the start," Denlson declared, "the
whole situation undoubtedly would have
been cleared. The very fact that it was
allowed to lie In part a dead letter kept
things unsettled. If an 'operation' had
been performed at the beglnn'ng the relations
between business and the government
would long ago have been put
on a sound basis." He declared that his
speech had been specifically O. K.'d by
the Attorney-General, and for that
reason nis auditors were particularly
Interested in the reference to the steel
trust case: "It Is not a fair question
whether we can safely tolerate the concentration
into a single concern of bo
gigantic a power as that company has
19 Let an I H
sJ Save You Houi
?3t| IT7HY should you waste houi
^ W pumping water, shelling
Lffpc hand when a few cents' wc
ElM will do it all and let you use your tii
IaI An I H C gasoline engine will fi
KS P?wer f?r running the pump, woe
grindstone, emery wheel, cream se
Hal wringer, etc. It furnishes power to
lAl farm buildings, and do many othei
gjj I H C Gasol
have a well-deserved reputation for
bnc are simple. They are economical c
Una an I H C engine is the most satisl
|3t| They are made in all styles, v
portable and stationary, air and wa
WW 1 to 50-H. P., to operate on gas, gasc
lull distillate, or alcohol. Gasoline and
45-H. P. Sawing, pumping, sprayi
The I H C local dealer will show you i
IpU rood Dointa. For r.nlalr>aii?.? onH f.ill
mrp write ?
International Harvester Coi
iVI (Incorporated
ijtfS Chicago
I H C Service Bar
fWfc The purpose of this Bureau Is to fu
M the best information obtainable on be
any worthy questions concerning sol
Sue irrigation, fertilizer, etc.. make your li
lAl them to IHC Service Bureau. Harvestei
[March 6, 1913
over not only the steel business, but
over railroads, banks and trust companies?
It may be> as they say, that
the particular individuals controlling
that corporation exercise their power in
a humane and indulgent spirit. But
what indulgent business man wants to
live by the Indulgence of another and
not as a matter of right?" The legislation
which Denison urged as the "cure"
was distinct definition of the Sherman
law and Federal corporation or Federal
license, with a commission on Interstate
trade.
WELCOME, REPUBLIC OF CHINA.
First steps toward recognition of the
new Chinese republic have been taken
by the United States Congress. Congressman
Sulzer of New York, chair- .
man of the House Committee on foreign
affairs, after a conference with President
Taft and state department officials.
Introduced a resolution believed to be
the forerunner of formal recognition by
this country. It expressed "the con.
fident hope that in the adoption and
maintenance of a republican form of
government the rights, liberities and
happiness of the Chinese people will be
secure."
11 \lw
ujf Requires no tipping back ||
II by h*nd ? no breakage!*0 H
Is I WILL MAKE YOU
] PROSPEROUS
\ I Ifyoaare boD?it and ambitious writ* me
I today. No matter where yua live or what
t \ your cecupation, I wul t?arh you the (leal
f, 1 Estate business by mail; appoint you Special
By Representative of mv Company in y->ur town .
1 J start von in a profitable business of your own.
J and help yoa make L'u uioi.vy *u once.
' Unusual opportunity It men without
Capital to beoorra Independent fur lit a
Vaiuab'o Book and full particulars FREE.
Write today.
RATIONAL CO-OPERATIVE REALTY 00.
(.R.I1KDU S?4 Mord.n Jtulldln* ? ,
__rt*4Un\ Ww.,jflwii. 1*. ?3.
p 17
v j-aiguic ss
rs of Drudgery tj&'
s of valuable time sawing wood,
corn, or turning a grindstone by ^
irth of gasoline in an I H C engine {ffftd
ne for important, profitable work? Kill
lrnish cheap, steady, dependable jTl
>dsaw, feed grinder, corn sheller,
parator, churn, washing machine, djfifc
sharpen plows and disks, light the HiJI
kinds of work. IaI
be Engines
reliabilty and durability. They ^
?f fuel. From every point of view LrW
invwi y vugiiiU jr UU VVU1U mJXAy
ertical and horizontal, jV
ter-cooled, in sizes from J|.
line, naphtha, kerosene, ffl, &aKkj>
kerosene tractors, 12 to NJB
ng, grinding outfits, etc. Ny
the engine and explain its \ WjrfTV
Information, see nim, or. ft. SfX//Jn
npany of America \
rnish, free of charge to all,
Iter farming. If you have
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lqulries specific and send ( III IB!
r Building, Chicago. U.S.A. Ill g g Ml ,
aBS0BSBSEli^S^
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