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16 (64)
Survey o
FINANCIAL OUTLOOK IIKIGIITENS.
All the Indications appear to point
this year to the largest aggregate output
of securities in this country and in
Europe that has ever been recorded.
The abnormally fudden transition in
the domestic money market rrom stringency
to decided ease, has already been
availed of to relieve the extraordinary
demand for money in France, resulting
in a premium on account of the disturbance
caused by the Balkan war
and the work of rehabilitation which
is now in progress, l^ondon also hails
with satisfaction the prospect of being
able to have New York finance obligations
of Great Britain and other countries
in South America and predictions
that our goi.i will also be shipped to
the British capital arc in circulation.
The Bank of England statement, although
favorable, barely showed the return
of money from the British prov
inces. In France, Germany and Great
Britain general trade has been extraordinarily
active and prosperous and
this has called for the employment of
more money than has ibeen available in
view or the hoarding inspired by war
fears. On all L'ide3, however, there are
beginning to appear indications of a
more oheerful sentiment and of the
resumption of activity in investments.
Owing perhaps to the fact that peace
has not yet been concluded in the Balkans
the over-subscription in ^aris to
a $10,000,000 credit loan was not as
considerable as had been looked for.
CAXAll AKIHTHATION.
President Taft's proposal that the
canal controversy between the United
States nnd Great Britain be referred to
a speclnl tribunal made up of an equal
number of British and American arbitrators,
rather than to a court in
which foreign members should have the
deciding vote, has produced a perceptible
change in the attitude of some
who had expressed themselves as opposed
to arbitration. The question will
certainly go over into President Wil
sons administration for settlement,
and there will be some changes in the
Senate before that body has an opportunity
to vote -on the arbitration
proposal.
SOUTHERN LAND RECLAMATION.
It is expected that the incoming administration
of our government will be
directed toward securing the welfare of
the people at large rather than the perpetuation
of a party in power or of an
individual or individuals in office. In
the general scheme of promoting the
public welfare may be included a liberal
policy for reclaiming many millions
of acres of waste land. With a view to
uuipnaHizinK us vast importance, a
writer in Leslie's says: For a centurv
our government has looked with indifference
at the rich swamp lands of the
Southern States, while England has
been furnishing its money and credit to
aid Egypt to reclaim waste lands in the
valley of the Nile, 4.000 miles awny.
The need of more acreage under cultivation
in the Mississippi valley, to provide
homes for thousands of those now
huddled in the cities and to produce
more food and clothing, should cause
our government to take a deep interest
in the waste lands of Louisiana,
ArKansns, Mississippi and other Southern
States. Although the government
has spent over $100,000,000 In putting
water on lands In the Northwest at $35
an acre, it has not shown much Interest
In taking the water off the swamp lands
of the South at a cost of from $10 to
815 an acre. These lands, when dralnod.
will yield annually crops worth
three times as much per acre as the
THE PRESBYTERI
f Currer
average in the United States. Such
land, when drained and cleared, would
cost about $25 an acre, and when cultivated
itc value would easily be $100 an
acre. There are 25,000,000 acres of
swamp land in the Southern States of
the /Mississippi Valley, worth today
about $300,000,000, which, when drained,
would be worth at least $2,000,000.000.
Farmers, and not military power,
must restore our economic balance.
The politicians pour out the government's
money to build fighting machines
and starve the agriculturist. A
forty-acre farm of reclaimed valley
land will comfortably support a family.
It costs $55,000 to make a twelve-inch
gun. The money that goes to pay for
this gun would reclaim 4,500 acres of
land and provide homes for. 500 people.
When all the guns on all the battleships
are shot off once, the government
blows off, in noise and smoke, $150,000.
This would reclaim more?than 12,000
acres of land and give homes to 1.35U
people. The money consumed in powder
13 lost to all future. The farmers
who buy the reclaimed land must pay
the government back in ten years, so it
does not cost the government anything
to build up the country by helping tho
farmer. We should make more homes
and not so many fighting machines.
CIVIL SERVICE FOR CITIES.
"Higher as well as lower city officials
should be ohosen by a competitive system/
said William Dudley Foulke, of
Indiana, president of the National "Municipal
league, at a dinner of the
Massachusetts Reform Club. "In Germany,"
said Mr. Foulke, "cities sometimes
advertise for a mayor. He is a
trained expert, chosen wholly for his
fitness and efficiency. One city In
America has already done the same
ihlng. Sumter, S. C., has advertised tor
a 'city manager.' The National Municipal
l,eague Is seeking to Teform the
conditions of government In cities ol
the United States. Tt Is virtually a
clearing house for expert knowledge on
such topics as franchises, municipal
accounting systems, the comlsslon form
ol government, city taxation and like
matters. Its members serve on committees
and prepare papers on these
subjects. Tha organization publishes
the National Municipal Review quarterly.
This Is a technical magazine whlcli
In manv ways accomplishes more thar
ran be done by a popular periodical
The latter, hov/ever, is very necessarj
in dis3omlnntln ? knowledge. There is
a general awakening al! over the conntry.
City governments to-day are fai
better than they were ten years ago
There la a general tendency to adopi
the commission lorm of government
200 cities alrea-ly having taken tip thli
plan.
PHILIPPINE INDEPENDENCE.
Independence of the Philippine Ts
land9 in 1921, through the provision!
of the Jones bill now before Congress
19 assured by the change of admlnls
tratlon to the reins of a Democrat!'
President -who has proclaimed hlmsel
In favor of the move, is the opinion n
Moorfleld Storey, president of the Antl
Imperialistic League, who spoke at i
luncheon In honor of Manuel Quezon
resident commissioner of the Philippic
Tslnnd3. Ldeut.-Gen. Welson A. Mile
strongly favored giving independence t<
the Islands. The necessity for a nnva
base there, he said, would be only to<
gladly conceded by the gratitude o
H.000,000 native Filipinos. Mr. Quezoi
and Maximo Kalaw, secretary of th'
Philippine commission, spoke of thi
competence of their people to goven
AN OF THE SOUTH
it Events
themselves. Citations from the mes
sage of President Taft to Congress on
I )tO nHt'lcohlllfir nf tvtf CP f rr?ft/lrvr>
**?v i?u ? i>juuiiiVJ vi *? 1111 uviu 1115 iiccuvu
from tlie islands were refuted and many
instances given to show the capability
of the Philippines to ioek after theii
own welfare.
T1IE REAL KAISER.
According to a contemporary the com
icon conception of the German emperoi
which finds expression in the familiai
term "war lord" is not well sustaine;
by the picture which is drawn of hin
in connection with the Christmas time
'it is noted how prominent serious re
ligious exercises are. He is describe*
as leaving the palace on Christmas ev<
for a walk in the park. This is the onl;
walk in the year when he goes wholl:
unaccompanied. The impression i:
that he wishes to be "absolutely alom
for purposes of religious reflection.1
At four o'clock he partakes of the com
munion -with the empress, and tin
hours immediately preceding this ser
vice are devoted to self-communion
The only person in the chapel are th
emperor and empress and the cour
chaplain. In the evening the Kaise
takes a walk, accompanied by an ad
jutant. Old pensioners who know th
Kaiser's habits place themselves a
favorable points and wait until the em
peror appears. They stand at salutt
nnH tKo If nloA. n/vJa * /X v.t- J - ?
M.<%t tu<. iMtisci auuo iu ilia UlUtf, W11
presses a crown piece into their handi
Old women and children also share tli
Kaiser's alms, and the stories ar
numerous, and generally well authent!
cated, of family trials and troubles ha't
ing been brought to the Kaiser's ear
on these informal walks, all of thei
receiving an attentive hearing. H
once declared to a friend that Christ
mas eve is the happiest day of the yea
for him. "It is a mistake to suppos
i hat the Kaiser is happiest in the lim<
light. It should not be forgotten tin
William II. is a kindly, home-lovin
I Christian gentleman, and. as father an
II husband- n Vnlohfi.. <*? -> ? '
? ?o **w jr &Aiu nicyruacL
1 uble character."
i
DECLI\E OF SOIL TILLERS.
The element of agricultural labo
not only in the United States, but i
nearly all civilized countries, Is reli
tively a diminishing one, due to tl
rapid Increase of industrialism, ar
there seems to be no way at presei
r o?f meeting successfully the prbble
thus presented, say experts of the d
partment of agriculture. They add th:
. this decline in farm labor, while vei
noticeable in late years, has been ev
t dent in the figures following evei
i-rfiisus since iszo. The increased pn
. ductlvity of labor due to the use
Improved machinery and implements
illustrated in the case of corn. Fro
1855 to 1844 the time of human labi
to produce a bushel of corn, on an a
erage, declined from 4h. 34ra. to 41i
This was because inventors had giv<
to the farmers the gang plow, the dh
^ harrow, the corn planter drawn 1
^ horses, the four-section harrow for pu
j verlzlng the top soil, the self-bind'
drawn by horses for removing husl
j from the ears, stalks and blades f>
feeding and many others. The co
9 sheller, operated by steam, will sht
? a bushel of corn In one minute, while
5 the old way It required the labor of
] man for 100 minutes to do the sar
r> wurrc. wun repard to the future, tl
f experts of tbe agricultural departme
i say that farm labor will not be r
t) crulted in any appreciable degree fro
e the cities. "The farmer would not ne>
i to get hJs iabor from the cities," sa
1111111 ' '
| January 22, 1913
one authority, "if he couM hold the
country population to the eoil. (Recognition
of the Importance of retaining the
children on the farm and of keeping
country labor from migrating to the
1 cities, Is governing most of the work
1 by state and nation In behalf of agrl'
niilfuro "
r
OUR NEIGHBOR REPUBLICS.
"La PrenBa," a leading newspaper of
Buenos Ayres, in commenting on the
opening of the canal and the interna*
tlonal exposition to be held in San
r Francisco in 1?15, says that, the canal
f will materially aid in developing the
1 northern provinces of Argentina. Ac1
cording to this paper the products of
' the northern provinces will be shipped
- across the Andes to the west coast and
1 thence to the ports of the United States,
s "La Frcnsa" expresses the belief that
i the election of Wood row Wilson to the
f Presidency and the consequent reduc3
lion of the tarlfT will open markets In
3 the United States for the surplus grain,
meat and wool of Argentina. Chile is
- iuso preparing 10 take advantage of the
o opening of the canal. The Chilian gov
eminent has called home Senor Agaclo,
i. ner Consul-General to the Canal Zone,
o to consult with a commission consisting
t of former President Rieso and several
r members of Congress. This commis
sion has been appointed to consider and
o report to the government desirable port
x improvements and a new treaty of commerce
and navigation with the United
. States Incidental to ike opening of the
o canal.
3. '
e TO THOSE HAVING flOO OIt MORE
SAVED,
5*4 to 6*4 %
The most attractive oppore
tunlty that has ever been
offered in the South to combine
the saving and Invest16
ment of money.
)
lt Apply to
d Richmond Trust and
Savings Co., Inc.
ll<m E. Main Street.
ItU'bmond, Va.
r ......... ?? -- - --
-i i ini.ii. unn .uimjiwn
n John Skelton Wllllnmn, I'rmldrul.
le
1(1 This Will Stop Your
at Cough in a Hurry
m
0- Save 92 bj Making Thin Cough
Syrup at Home.
ry
J.
This recipe makes a pint of better
ry cough syrup than you could buy ready
o_ made for $2.50. A few doses usually
conquer tho most obstinate oough?
?' stops even whooping cough quickly. SimIs
pie as it is, no Letter remedy can bo had
at any price.
111 Mix one pint of granulated sugar with
or % pint of warm water, and stir for 2
minutes. Put 2*6 ounces of Pinex (fifty
cents' worth) in a pint bottle; then ada
T?. the Sugar Syrup. It has a pleasant
taste and lasts a family a long time.
Take a teaspoonful every one, two or
Jk three hours.
-v You can feel this take hold of a cough
in a way that means business. Has a
il- good tonic effect, braces up the appetite,
er and is slightly laxative, too, which ia
helpful. A handy remedy for hoarsek3
ness, croup, bronchitis, asthma and all
or throat and lung troubles.
The effect of pine on the membranes
m - ...
is wen Known. rinex is the moat valu>
nil able concentrated compound of Norwe
gian white pine extract, and is rich in
gualacol and all the natural healing
a pine elements. Other preparations will
no not work in this formula.
This Pinex and Sugar Syrup recipe has
he attained great popularity throughout the
nt United States and Canada. "It has often
b<5en imitated, though never successfully.
e" A guaranty of absolute satisfaction, or
,m money promptly refunded, goes with this
recipe. Your druggist has Pinex, or will
rret it for vou. If not, send to The
ys Pinex Co., Pt. Wayne, Ind.
*