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THE ATLANTA SEMI-WEEKLY JOURNAL, ATLANTA, GA., TUESDAY, NOVEMBER 4, 1913.
THE SEMI-WEEKLY JOURNAL
. ATLANTA, GA., 5 NORTH FORSYTH ST.
Entered at the Atlanta Postoffice as Mail 'Matter of
the Second Class.
JAMES ». GRAY,
President and Editor.
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Progressive England.
Ttose timid folk who sometimes fear Uncle Sam
is whipping too hotly up the road of progressive leg
islation should take a look at John Bull- Sobersided
old England with its dukes and earls and high-
•hrongpd traditions is going faster and further than
.he youngest or boldest of our own radicals would
dare. Within the last few years it has enacted more
laws for the abolition of special privilege and the
establishment of common rights than America has
dreamed of in half a century. It has stripped the
House of Lords of immemorial power, has extended
md increased its income tax, has adopted far-reach
ing plans for the protection and social betterment
if working people, and now it is on the verge of
granting home rule to Ireland, of dis-establishing
the Curch in Wales with a view to religious liberty
and, what is especially significant, it is preparing to
revolutionize its land laws which have enabled a
small class to monopolize the island’s rural Interests.
This last reform will probably mean more for
English progress and security than any other one
measure the Liberal Government has put into effect.
Some fourteen milion acres of England’s soil are
now locked hard and fast in a system that virtually
amounts to feudalism. Much of this land consists of
vast estates, which the owners themselves are unable
or unwilling to improve and which they will not re
lease for individual enterprise and the country’s com
mon needs. On other great tracts the tenants are
without protection against injustice from landlords
and without encouragement to develop the property.
As a result of these conditions, it is said, there are
lix hundred thousand fewer farm workers in England
today than there were fifty years ago; and agricul
tural interests are on an alarming decline.
The Liberal Government proposes to bring this
waste and idle land within “the wealth producing
sphere” and also to assure tenants fair treatment,
the object being to restore that free, stout-hearted
yeomanry which in days of old was the country s
strength and pride.
It is a peculiarly interesting fact that both the
great political parties of England recognize the need
and justice of such reform- As regards the principle
involved, they agree; it is chiefly on the question of
means and method theat they differ. Among the Un
ionists, or Conservatives, a plan for the State pur
chase of undeveloped lands has found marked favor.
The Liberal ministry, while not overlooking this
phase of the scheme, purposes to go further and pro-\
vide thoroughgoing supervision of rents and tenure.
A new administrative department, headed by a Min
ister of Lands, is proposed. "Under his direction,”
we are told, “there will be a judicial commission
having authority to fix fair rents to he paid b?
tenants to landlords and reasonable prices to be paid
by buyers to sellers. For tenants there will he se
curity of tenure and protection of their improvements
—which means that while the tenant pays the judicial
rent, the landlord will be unable to turn him out and
confiscate his improvements on the farm.” One. ob
server of English conditions comments in this con
nection :
“Those who know what the conduct of greedy
landowners has been will understand how benefl-
cenl these provision are. For the agricultural
laborers, there are at last to be decent homes,
with at least land enough attached to each cot-
tage to provide the family with vegetables. This
may bring laborers back to the soil ”
The United States with its abundance of land is
untroubled by many of the. problems with which
progressive England has to contend. Our people have
the freedom and resources to overcome many difficul
ties which in England tile Government itself must
handle. Happily we do not need paternalism in our
government; we are determined to solve our social
find economic problems before they reach so crucial
a stage.
acre of their soil and have realized the supreme im
portance of food crops and food industries. They
sow and cultivate and reap and market scientifically;
they breed their cattle and manage their dairies scien
tifically. They make every patch and every item
count for full, definite values- They have added knowl
edge to thrift and system to industry. They make-
farming a business.
Georgia’s natural resources are such that she can
continue to raise cotton and at the same time produce
enough food to supply her home needs, thus leaving
the proceeds of her chief money crop for a clear profit-
More than that, she lean, if she will, raise enough corn
and live stock and vegetables to become Jin export
State in these commodities. And when this is done,
her wealth will rival that of the world’s thriftiest
kingdoms.
We have in this State an area of fifty-nine thou
sand, two hundred and sixty-five square miles, nine
thousand more than England proper, forty-eight thou
sand more than Belgium, forty-four thousand more
than Denmark, or Switzerland, an area half as large
as Italy and a fourth as large as France. When we
remember that the richness and varied possibilities
of this land are no less remarkable than its extent,
we realize that Georgia’s natural resources are
greater than those of many a prosperous nation. It
only remains to turn these resources to due account,
to make the soil really support its people and bring
forth food harvests which, like those of little Holland,
will not only supply home needs but also develop
a rich export tradfc.
There are many* chering signs that Georgia is
fast awakening to the importance of producing food
supplies. Her corn crop this year will total seventy-
two million bushels, a gain of twenty-five per cent
over the crop for 1912.
This record is peculiarly significant, for, an in
crease in cultivation of corn evidences progress in
every field of agricultural thought and endeavor. It
means that scientific methods of farming are being
applied and that the old tyranny of the one-crop idea
is crumbling.
Furthermore, as the production of corn and other
grain increases, the way for cattle raising will be
made sure. Much has been said of late concerning
the opportunities for the live stock industry in Geor
gia and certainly no other part of the country has
greater natural advantages in this respect. But the
development of the live stock industry requires first
of all the home production of cattle food supplies.
The remarkable gain in the corn crop is a very en
couraging circumstance in this regard.
“Georgia Products” Day.
j
The Georgia Chamber of Commerce has hit upon j
a singularly happy plan for launching its Statewide ;
campaign of education and development. It has desig- !
nated Tuesday, November the eighteenth, as “Geor- j
gia Products Day” on which occasion the people will
be reminded as never before of the wonderful rich
ness and variety of their State’s farming and indus
trial resources- The Governor will he asked to Issue
a proclamation taking official cognizance of the day
and the mayor of each town and city will be re
quested to do likewise. The distinctive feature of the
program, however, will be the public banquets held at
six in the evening throughout the State and made up
entirely of Georgia-raised or Georgia-made products.
The State Chamber of Commerce has offered in
this connection three substantial prizes, one for the
largest list of Georgia products suitable for service at
the banquets, another for the best menu that could
be used at any of the banquets and a third for the
best menu that is actually served on this occasion
anywhere in the State. This offer should kindle rare
interest in every home and ampng all the people. It
should prove within itself peculiarly educational, for,
the briefest reflection upon Georgia’s food products
will bring to mind a great store of good things that
would set the .oldest epicurean dancing. It is to be
hoped that school children as well as their elders will
take part in this interesting contest. All lists of such
products must be in the hands of the Acting Secre
tary-Manager of the Georgia Chamber of Commerce,
1001 Hurt Building, Atlanta, by November the
seventh.
Some one hundred and fifty towns h'ave already
signified their purpose to observe Georgia Products
Day by holding on the evening of November the eight
eenth a banquet at which Georgia-raised and Geor
gia-made products alone will be served and at which
new plans for developing the State’s practical In
terests will he discussed and put under way. Every
county and every tewn should join in this admirable
enterprise. It will mark, as we have said, the open
ing of the great campaign which the Georgia Chamber
of Commerce is o conduct for the State’s upbuilding.
The success of the Chamber’s plans will mean incal
culable good to farmers, to merchants, to manufac
turers and to all other Georgians; it will mean better
roads and better schools, a finer patriotism and a
closer fellowship; it will mean a new era of progress
and renown for our commonwealth-
Spare the rod and you will not spoil the fishing.
But occasionally it is easier to bear it than it is
to grin.
People on pedestals should he careful of
balance.
their
The world may be growing wiser, but we still
have a lot to learn.
How Manv Millionaires?
Dark Days for Tammany!
The closing days o” the mayoralty campaign in
New York Gity fin.! the odds decidedly in favor of
John Purroy Mitchell, the anti-Tammany candidate.
In the outset, they were just the other way- The
Fusionists, who represent an alliance among friends
of good government tn all parties regardless of na
tional politics, were threatened with serious differ
ences; their camp was embarrassed with some unrea
soning and irresponsible individuals who sought to
place personal wishes above the great issues involved.
These difficulties, however, were finally surmounted
and the moral union against Tammany grew compact.
The last Jtew weeks of the- campaign have brought
to light specific and startling evidence of the graft
and corruption which Boss Murphy's rule has fastened
upon municipal and State affairs. His tracks and
those of his underlings have, been traced to one
shameful deal after another. Tammany’s reputation
has always been notorious but seldom has its char
acter been laid so completely bare.
The Tammany candidate, Edward E. McCall, en
tered the contest wiLh a calmness and self-control
that are born of confidence. But lately his restraint
has turned to an almost childish ange'r. Under the
successive exposures of the machine with which he
is identified, exposure that in some instances involved
him himself, he has grown more and more fretful,
more and more impotent in his methods.
Present indication are that Tammany will be
routed from control of New York’s affairs. No polit
ical ‘event of the year could be more gratifying to the
country as a whole- The outcome of the approaching
election is awaited with peculiarly keen interest the
nation over, for, good citizens everywhere realize that
the downfall of this machine would free American
politics from one of its darkest disgraces.
However, the suffragette will never insist on the
privilege of being bald.
A woman frequently changes her mind, but the
quality remains much the same.
Holland and Georgia.
Holland is only about a fifth as large as Georgia
but it feeds from its own soil a population twice as
great. In their little, sea-buffeted kingdom, the Dutch
produce all the grain and meat and vegetables they
consume and besides export great quantities of beef
and butter and cheese. In spite of threatening waves
and marshy lands, they have boilt up a system of
agriculture that makes their nation prosperous and
admired throughout the world.
Georgia, five times as large as Holland, and in
comparably more fortunate in natural gifts, spends
one hundred and seventy-two million dollars a year in
the purchase of food supplies from distant quarters.
It is Estimated that in 1912 we spent for meat, corn,
oats, flour and other such necessaries over thirty-
seven million dollars more than the total value of our
cotton crop. We buy more than we sell; we are de
pendent for food upon other sections, although our
soil is capable of producing practically everything
needed for man’s sustenance.
Why this amazing difference between Holland and
Georgia, the one beset with natural difficulties, the
other basking in every natural favor? , It Is simply
because the Dutch have made the utmost of every
A New Weapon Against Monopoly.
There are evidently more things in the new In
come Tax law than the trusts ever dreamed of in
their shrewdest philosophy. Tucked away in a quiet
line of this interesting statute are three short words
which, it now appears, will go far toward discourag
ing the devices of monopoly. The law provides, in
the suction relating to corporations, that the tax shall
be imposed on “the entire net income arising or accru
ing from all sources-” It is in the simple phrase,
“entire net income," that so much significance lies.
The old corporation tax, now superseded by the
income tax, took no account of that portion of a cor
poration’s income that was received as dividends
from subsidary corporations. Holding companies
were thus exempt from paying a tax on earnings that
had already been taxed in the hands of its dependent
or related organization. But under the new law the
tax of one per cent will he levied on the income of
the subsidiary company and also on that of the hold
ing company. Congressman Hull, author of the act,
states in an interview with The Journal’s Washing
ton correspondent that this clause was designedly
prepared as a wUapon against the evils of monopolis
tic combinations.
“We most certainly had in mind,” he says,
“holding companies and other schemes of present
day monopoly when we left out the clause in the
corporation tax, exempting incomes derived from
dividends of other corporations and substituted
for it in the income tax bill the words ‘entire net
income’ as a definition of taxable corporate in
come. Thus the tax against monopolies will he
higher than against the simpler forms of busi
ness.”
Heretofore giant trusts and monopolies have taxed
the public as they pleased and have used their power
to crush individual initiative and free enterprise. It
is rather a refreshing change that they are now to be
taught a strict lesson of taxation.
The curiously inclined are now guessing how
many millionaires the new Income tax will bring to
light. One authority reckons that in Philadelphia
alone there are more than a hundred- New York
and Chicago will far outstrip this estimate, while
smaller cities throughout the nation will doubtless
show surprising records. The Louisville Courier-
Journal interestingly observes in this connection
that;
“Millionaires are richer in America than mil
lionaires in France, where the franc is the unit of
value. England has few millionaires because the
unit there is the pound sterling, which is almost
the equivalent of a five-dollar bill in the United
States. There are only a few millionaires in
Japan, although the yen, in which millions are
counted, is only a half dollar in American money.
Millionaires in China, counted in dollars “Mex,”
are fairly numerous and are often merchant
princes, some of whom own their own steamer
lines. German millionaires, in marks—the mark
being about thirty-three cents American—are
rapidly growing more numerous. Millionaires
as measured in American dollars are more num
erous in the United States than anywhere in the
world.”
This country has been famed as a land of mighty
fortunes but unless present tendencies go awry, there
is approaching a new era in which the concentration
of vast riches in a few hands will give way to a
more even and normal distribution of wealth. Cer
tain it is that abnormal wealth secured by means of
unjust monopoly will cease, if democratic ideals are
realized; and that will not mean the narrowing of
any man’s rightful but the broadening of every man’s
chance to make the most of ms energy and mind and
character.
WHAT IS THE MATTER
WITH BUSINESS?
<Copyright. 1913. by Frank Cram .
“The volume of business In this country,” said
Judge Gary the other day In a speech in Chicago, ’Is
not half as great as It ought to be.”
The cause he assigns for this is that “there is too
much mud slinging, too much demagogy. It is not un
common,” he goes on to say, “to treat success as an
onense; to consider the possession of wealth as
wrong, no matter how honestly acquired.
It is true that a large class of people regard great
wealth as wicked In Itself; they need no argument to
condemn any rich man or company as a thief. Tnere
is also the opposite claBS, moved by the same spring
of unreason, who look upon labor, its leaders, and Its
agitations for Improved conditions as anarchic.
There Is no use trying tef reason with either of
these classes. Nothing but a hickory club can con-
vince a prejudice of error.
But the real reason of business being crippled to
day lies not at the door of these extremists. All the
people of this country are not blind haters.
The matter with business is. at bottom, that same
thing mat Is the matter with everything else—to wit,
the lack of democracy.
Democracy means equal opportunity to all. a square
deal to all, and the co-operation of all.
Big business is yet In a state of feudalism.
The controllers of the great wealth units are still
obsessed by the id^a that they may do as they please
with “their own.” They resent publicity, government
interference, and any kind of meddling by the common
people.
This kind of absolute power, in all the history of
the world, has always, ended in disaster.
What the business of the United States needs is the
very thing that a gum-shoeing money trust cannot se
cure—that is, unlimited capital. Billions of dollars
are now tied up in unproductive hoardings. This
money ought to be fluid, usable.
Money flows as naturally as water, and under cer
tain laws. It goes invariably to where there Is (1)
Safety and (2) Profit or Interest.
To secure Safety in industrial Investments there
should be rigid GOVERNMENT INSPECTION. Peo
ple do not invest in securities because they do not
ur derstand the game, and . they are. afraid of the men
who are dealing the cards. They have this inspection
in France, and investments are more widespread there
than In any other natirn.
Secondly, there must be constant PUBLICITY. It
is human nature ■ ot to care to put money into a con
cern managed by a star-chamber group. And legiti
mate business does not fear the searchlight. Instead
of quarrelling with newspapers the money manager
should use them. Make things plain. Teach invest
ment. Educate the masses to take part in Big Busi
ness.
The result of such a policy would be to catch the
$100 man; and the $100 men have more ready money
than the '$100,000 men.
Go after the “little fellows!” What better paying
enterprises are there than street ears and telephones
Their income is In nickels. The postoffice profits are
in 2-cent transactions in the main.
This country needs billions more capital. It needs
it not for speculation but for production. We have
not yet fairly begun to develop the enormous re
sources of the land.
To get these billions. the rulers of finance must
democratize. They must appeal to the millions of
small savers. To do this successfully they must come
out of the darkened back room. They must lay their
cards on the table.
Let there be open methods, wide publicity, a cam
paign of education, and, above all, reliable, official, gov
ernmental inspection.
When you get all the $100 fellows to investing in
the Big Business of the country there will be a slump
in “mud slin^jnjg and demagogy.”
Much that passes for enthusiasm is nothing but
gush.
Second term or no second term, President Wilson
can get any job he wants.
A Million a Day for Roads.
A milion dollars a day is spent in the United
States for the improvement and extension of high
ways. That fund, if competently applied, would
produce in the course of a few decades a nation-wide
system of excellent roads; but if ignorantly or care
lessly employed, as is too often the case, it will yield
a scant return to the people who contribute it.
Scientific, businesslike methods are the great need
of the good roads cause in America.
The United States Office of Public Roads which
has recently given particular attention to this phase
of its subject finds that “some communities are spend
ing thousands of dollars on macadamized roads when
cheaper dirt roads would do as well;” that “some
communities spend great sums to bring materials
from other States when they have materials just as
good close at hand;” and that “far too little attention
has been paid to road maintenance.’’ .
It is in this ctnnection that the importance of
State Highway commissions becomes manifest. Every
State should maintain some central agency through
which the various counties can secure expert aid and
advice in working out their particular road problems.
Under this plan roads can he built better and more
cheaply. Thus only can the taxpayer receive due
returns.
It is gratifying to know that the Prison Commis
sion of Georgia has taken a step In this direction by
providing for the employment of a State road super
visor whose counsel and help will be at disposal of
each county during a certain number of days each
year. The results from this new service will he so
valuable, we are sure, that in a few years'a number
of supervisors will be employed and a distinct bureau
of roads created.
One comforting item comes in the day’s news, and
that is that Pike’s Peak is not sinking.
Where the Professional
Story Teller Flourishes
Moonshine liquor will probably be about the only
Georgia product that will not be represented at the
Georgia chamber of commerce banquets.
Catania is noted for its professional story tellers,
one of whom I came across surrounded by a crowd of
men, who appeared to he completely absorbed In the
story of the moment. As passers-by are at liberty to
plant themselves in the chairs provided by the story
teller, and need not pay anything unless they feel In
clined, this business would seem to be rather a preca
rious one.
It was at Catania that I observed two men solemnly
engaged In the unique occupation of washing hay—why,
I cannot say. Driving their carts into an arm of the
sea, they gravely took off their trousers, and' then,
throwing the hay into the water, jumped In and wasned
it. This done, they reloaded the hay on to the carts,
and departed for another consignment. Three times
did I see them perform this novel task.—From the No
vember Wide World Magazine.
The Fugitives
It was in a back literary alley, just off from the
main current of the world’s great moving throng. The
two strangers, both completely exhausted, had stopped
in this sheltered place for a moment to rest.
“Maybe I’m not all in!” panted the first stranger.,
"Talk about being overworked! Every school child,
every college boy, porters, politicians, old and young,
rich and poor, men, women, children and babies have
all had their try at me.”
"Your slightly vulgar appearance,” said the second
stranger, beginning to recover his accustomed hauteur,
"leads me to believe that you are the associate of
common people. But how would you like to be harried
by highbrows, set upon by psychologists, beaten to
a frazzle by editorial writers, impaled by essayists,
throttled by college professors, and hung out naked
by book reviewers? Besides, I really have decent in
stincts. There is good in me. I come from a fine
family—if they would give me a chance for my life.
By the way, what word are your’
“My name Is Sure. And you?”
"My name Is Vital.’’
They shook hands silently, bound by a common suf
fering. The crowd had caught sight of them and was
In full cry after them up the alley.
“Glad to have caught this glimpse of the other
most overworked word in the English language,” said
Vital.
"There’s only an instant for me to take off my hat
to you," said Sure.
And then they were swept once more out into the
current.—Life.
Editorials in Brief
Not eren a woman ever liked all her relatives.
The pen may be mightier than the sword, but the
sword-swallower earns more money than the poet.
RURAL CREDITS
III.—THE AMERICAN COMMISSION.
B- IRKDER1C J. HASKIN.
There is in Rome an organization known as the In
ternational Institute of Agriculture. it is eup-
porteu by ail of the civilized nations of the earth,
each of which has a delegate stationed-there, wuose
duty it is to take part in the statistical work of fore
casting the world's crops, and to make himself useful
in watching the agricultural progress of tne other na
tions and in communicating his ooservations to his
country.
• • •
The American delegate to the institute is David Lu-
bin. The researches ot the institute long since dem
onstrated the immense importance that the governments
of Europe attach to co-operation among farmers, and
showed how the farmers succeeded under the patron
age of the government.
• • •
Mr. Dubin made frequent reports tt> the WashhAr-
ton authorities on the success of the co-operative cred
it system of Europe, and it finally aroused the inter
est of those who would help the American farmer to
help himself. This, in turn, gave rise to a demand
for a thorough inquiry into the subject.
• • •
This movement was sponsored by the Souther®
Commercial congress and the American Bankers’ as
sociation, the former organization giving it a practi
cal turn by resolving, in April, 1912, that the direc
tors of the congress should be asked to send a com
mission to Europe to study the question carefully,
and that this commission should consist of two men
from each state.
• • •
Thereafter President Taft indorsed the plan ot
providing rural creaUs by calling upon the Conference
of Governors to consider the subject and presenting
to them a report from Ambassador Herrick Showing
what banking co-operation had been accomplished la
Europe, particularly in Germany. Under the leader
ship of Dr. Clarence J. Owen, director-general of tb0
Southern Commercial congress, and afterward director*
general of the American commission, the three big
political parties indorsed the proposed investigation in
their platforms in the 1912 campaign, and the senate
of the United States passed a resolution Indorsing
the commission and invoking for it the diplomatio
consideration of the countries included in its itinerary*
• • •
With these credentials, the American commission
sailed for Europe in May of the present year. It:
was headed by seven delegates at large appointed by
President Wilson, who will report to congress upon
the advisability of establishing a system of farmers*
co-operative banks, and mortgage bank system. Three-
fourths of the states were represented by delegates
who will report to a committee of nine governors ap
pointed by the last meeting of the house of gover
nors. In this way it is hoped to set in motion tho
wheels of both the congress of the United States and
of the legislatures of the several states.
• • •
Wheii the commission sailed it laid out its plan®
with tfie assistance of David Lubin. That he had a
practical idea of what ought to be done is shown by
his advice as to how the commission should proceed
in its work. Before it was organized he reminded the
Southern Commercial congress of the necessity of ap
pointing delegates of the right caliber, and called at
tention to the fact that the importance of the work
and the magnitude of the inquiry would leave little
time for sightseeing and social functions. fur
ther observed that there was neither time nor place
for mere junketeers, amateurs and dilettante.
• • •
The plan followed in making the inquiry was to
have the commission meet as a whole in a few cen
tral places in each country, under the auspices of a
reception committee of that country. Here three
daily sessions were held, and at these a large number
of people, from the head of a banking institution down
to an humble ten-acre farmer, were questioned close-,
ly by the members of the commission. This tyody did
not limit itself to a study of rural credits, but also
investigated the allied problems of co-operation in
production and distribution, and the activities of offi
cial and sem-official bodies in the promotion of agri
cultural welfare.
• • ■
After gathering the data concerning these subjects^
on the continent the commission went to Great Britain,-.
It was said here by a ’49-er from California that in
their studies the continental countries had furnished
the rock crushed and ready for the amalgam pan;
that Great Britain and Ireland were the afhalgam
pan, and the British questioners the quicksilver; and
that the findings were the bar of gold ready for the
refiners’ hands, these hands being the American peo
ple and the state and national governments.
• • •
After making the tour of the continent and of the
British Isles, the commission returned to the United
States and work was promptly begun upon the task
of digesting and making available for the use of the
public and the lawmakers the results of its investi
gation. It reported that two kinds of rural credits
were encountered *n Europe—the long term credit
based on mortgages, and used in buying and improving
property, and the short term credit, based upon per
sonal security and used in tiding the farmer over from
one crop-selling period to another. It found that the
farmer was able to borrow money on short credit at
rates ranging between 4 and B 1-2 per cent.
• • •
After making a preliminary report covering the
whole situation, the commission effected a permanent
organization with headquarters in Wasington. It has
membership from thirty-six states and from four
Canadian provinces, and has settled down to the work
of aiding a national propaganda for the utilization of
the lessons of European rural finances in our own agri
cultural situation. The commission appointed two
committees to carry forward the work; assigned to
one the task of compiling the results of tne investiga
tion, while the other was to act as an advisory boaru.
• • •
That some legislation will grow out of the work
of the United States government seems a foregone
conclusion. Nothing is being asked of the United
States government except that it enact wholesome
laws for the regulation of rural credit associations.
• • •
The house committee on banking and currency pro
poses to supplement the work of the commission, and
hopes through a sub-committee that has been ap
pointed, to offer something tangible in the direction of
affording the farmer a money market as good as that
enjoyed by the commercial world, a market where he
may borrow and lend for long terms or short terms,
and in a way that will permit him to aid himself or
his neighbor with profit to both.
• • •
All of the proposals that have been made have in
view a plan of credit that will simply allow the farm
ers to underwrite their own transactions.
If it be urged that the system proposed will tend
toward making the farmer indifferent to debt, the
answer is made that the opposite effect has been wit
nessed wherever it has been tried, .and that the Euro
pean farmers are educated up to a realization that
punctuality enhances borrowing power, and, therefore,
offers greater business opportunities.
Installment payments never have had such an ef
fect upon the poor people of the cities who buy their
homes and furnish them through credit houses; rather,
it Is pointed out, it has encouraged many a man to pay
for a cozily furnished place out of money that he
might otherwise have spent purposeless.
James J. Hill says there is too much water in the
bond crop, but he generously makes an exception of
railroad bonds-
When a man tells a young widow he is striving
to be a better man she knows it is but the prelude to
a proposal
The Busch heirs will receive $1,000 a day income
each; from which we anticipate a steady gain in the
Socialist vote throughout St Louis.
If new gas mantles be dipped into vinegar and hung
up to dry before being placed upon the gas fixtures
they will give a more brilliant light and last longer.
• • •
Apples, pears, lemons, oranges and limes ate of
great value in improving a muddy complexion. Raw
tomatoes have a fine effect upon the liver.
• •
There are 7.397,533,000,000 tons of coal in*the world,
according to a careful estimate made by the editor of
Coal Age,
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