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f THE ATLANTA SEMI-WEEKLY JOURNAL, ATLANTA, GA., TUESDAY, NOVEMBER 25, 1913. THE SEMI-WEEKLY JOURNAL ATLANTA, GA., 5 NORTH FORSYTH ST. Entered at the Atlanta Postoffice as Mail Matter of the Second Class. JAMES R. GRAY, President and Editor. SUBSCRIPTION PRICE Twelve months 76c Six months 40c Three months .* - 5c The Semi-Weekly Journal is published on Tuesday and Friday, and is mailed by the shortest routes for ?arly delivery. It contains news from all over the world, brought by special leased wires into our office. It has a staff of distinguished contributors, with strong departments of special value to the home and the farm. Agents wanted at every postotfice. Liberal com mission allowed- Outfit free. Write R. R. -BRAD LEY, Circulation Manager. The only traveling representatives we have are J. A. Bryan. B. F. Eolton. C. C. Coyle, L. H. Kim brough, W\ W. Blackburn and J. W. Brooks. We will be responsible only for money paid to the above named traveling representatives. The NOTICE TO IU3BCR1BF.R5. ljbel used for addressing your paper shows the time your subscription expires. By renewing at least two weeks before the date on this label, you Insure regular service. In ordering paper changed, be sure to mention you old, as well as your new address. If on a route please give the route number. We cannot enter subscriptions to begin with back numbers. Remittances should be sent by postal order or registered mail. Address all orders and notices fo this de partment to THE SEMI-WEEKLY JOURNAL. Atlanta, Ga. The Government’s Duty To Farming interests. The United States Government spent four hundred and forty million dollars last year on the war, the navy and the pension departments; it spent only about twenty millions in the interest of agriculture. Such a policy is shortsighted and unjust, neglecting as it does the nation’s greatest material asset and the ultimate source of business vigor and public wel fare. The need of maintaining an adequate na tional defense can scarcely be overgauged, but the importance of conserving and increasing the na tional food supply is more broadly evideftt. “All enduring conquests,” we are told, “have been made with the plough.” The . stability and progress of America depend after all upon the soil, for thence must come the people’s bread and meat and the mate- ' rials that keep commerce and industry alive. How essential, then, that tire national government devote its most earnest thought and effort to the upbuilding of agricultural interests. This Idea was urged with peculiar forcefulness by Senator Hoke Smith In an address last week to the National Conservation Congress. The very back bone of our economic existence, he said, is farm prod ucts. Yet, the Government has given but a compara tive pittance to the important task of quickening and increasing this field of production. It has used its taxing system to foster manufactures, “while the prices of the products of the farm have been regulated largely by foreign markets into which our surplus harvests have gonn. "Consider two pf our crops alone,” said the Senator. "The great staple of food both for men — aiid animals, Is corn. We produce a crop worth one ’billion, six .hundred millions annually. The people of, the world are to be clothed by the use of lint cotton. We produce a crop of this worth eight hundred and fifty million dollars annually. And yet the variations in the quantity produced per acre, even though the acres are naturally of the same character, demonstrate the fact that when the highest degree of skill is applied, our corn crop could easily be doubled and bring to the country over a billion and a half of foreign gold annually. Our cotton crop could be pro duced on one-half the present acreage and leave the remainder for the cultivation of food prod ucts.” The improvement of agricultural methods and the advancement of rural interests in general concern not the farmer alone but every sphere of enterprise. No problem Is of greater moment to the rank and file of the American people. No subject has a broader or deeper ground of appeal to Congress. Some method - must be applied that will bring the country’s food supply up to the needs of a steadily and rapidly In creasing population. The national government Is the only agency strong enough to deal with this condi tion. The government has done a vast deal in the way of agricultural research and experiment through which a wonderfully rich fund of knowledge has been, developed; but it has done comparatively little to place this knowledge directly at the disposal of the • farmers themselves. The great need of the day Is to translate this science Into art, to make what Is known count definitely In things done. To this end, Senator Hoke Smith urged the importance of co-opera tive demonstration work “conducted by the State colleges of agriculture and experiment stations to gether with the national department of agriculture, furnishing trained demonstrators In every county of every State to put into practice, in co-operation with the farmer, all the scientific truths that have been or can be discovered.” That is the purpose of a bill in troduced by him and now before the Senate. This measure provides annual appropriations by means of w'hich the demonstration work of the agri cultural colleges can be extended so as to reach every farm In the country; it also provides for the enrichment of the domestic and social side of rural life. Its great virtue lies in the fact that It opens the way for the practical application of the knowl edge acquired through study and experiment. “There is a widespread and insistent demand,” says a recent writer on economic problems, "for something to help the present farmer—the man be hind the plough. He has paid the larger share of the tens of millions of dollars that have been expended during the last fifty years in gathering agricultural knowledge. This work was undertaken for him pri marily and through him for the benefit of everybody. He has the right to expect and demand that the re sults he delivered to him in a way and in a form that he Can utilize. He cannot go to college for them; , they mu§t be taken to him.” That is the aim of the agricultural extension hill now before the Senate. It provides a direct and businesslike method of utiliz ing the fund of agricultural knowledge. Its princi ples if put into effect in the United States, as they have already been, in Belgium and Germany and other 'countries of Europe, will add incalculably to the pro ductive power of our soil, will increase the volume and variety of our harvests, will lighten the burden which the present high cost of living imposes on American workers and homes, will quicken every channel of Industry and trade and make this nation In every sense more prosperous and secure. World-Wide Scarcity of Beef. The more the beef problem is investigated tne more evident does it become that the only hope for lower prices lies In home production of cattle. Prof. IV. J. Kennedy, of the agricultural extension depart ment at the State college of Iorva, who has recently made an exhaustive study of this subject, finds that in only two countries, France and Argentina, has the production of beef kept pace with the growth In pop ulation. There Is thus a world-wide demand, with a steadily dwindling supply. In the United States, as Prof Kennedy shows, the supply of beef cattle decreased sixteen million be tween 1907 and 1913, while the country’s population increased ten million. Furthermore, to quote the Louisville Courier-Journal’s summary of his report: ‘Between 1906 and 1912 our exports of live cattle fell off about ninety-three per cent and our exports in fresh beef decreased ninety-seven per cent. Our im ports of live cattle increased from twenty-six thou sand head in 1906 to three hundred and twenty-six thousand in 1912. In December, 1908, the reserve stock of beef in the coolers of this country amounted to two hundred and sixty-five million, five hundred thousand pounds; in 1910 it had diminished to one hundred and thirty-five million pounds; and in 1912 it was estimated at only thirty-five million pounds.” In the light of such evidence there is no- occasion for surprise at the steadily soaring prices of beef; and when ww reflect that the relative scarcity of beef is almost worldwide, there is no prospect of cheaper living, so far as this staple is concerned, unless cattle raising on our farms is given more attention. The new tariff law, by placing meat on the free list, will go far toward ending purely artificial in creases, that is to say increases imposed by monop olistic combinations. Free imports of beef will re store normal competition and to that extent be of distinctive value. Were it not for the fact that most other countries are suffering from beef shortage, just as is the United States, the removal of the tariff would perhaps well-nigh solve the problem. But, as Prof. Kennedy observes, “Europe is meat .hungry and will bid against our country for the surplus meat of Argentina, Australia and other exporting countries.” There is, indeed, but one assurance against a beet famine in the United States, a time when the price of steaks and roasts will be beyond the income of the average family. That assurance is the wonderful natural resources, especially in the South, for cattle production. If every American farm raises a few head of cattle a year, the country will be abundantly supplied with beef despite the rapid growth in pop ulation. In no other section are the opportunities for cat tle raising so fertile as in the South. We have thou sands of idle acres, on which great ranches could be established. But better still, we have an equable climate and a wealth of native grasses that make • \ cattle. raising on the small farms easy and inex- . ••••••- ■ . ,• * V ■. pensive. There are cheering indications that Southern farmers and, particularly Georgia farmers, are awak ening to their rich opportunity in this regard; to the extent that they do, they will be more prosperous and the beef problem of the entire country will be nearer solution. To get soaked invest in watered stock. The South’s Great Need Of Vital Statistics. In an address at the recent convention of the Southern Medical Association, Dr. Cressy L. Wilbur, chief statistician of the United States census bureau, declared that the most urgent public need of the South is accurate vital statistics. The work of san itation and largely that of all medical science, he said, Is dependent at every step upon the data which can be had only through an efficient system for the registration of births and deaths and related facts. This truth cannot be Iterated too srongly or too often. Without vital statistics, it is impossible to determine the results of campaigns against disease or to know just where and how-to proceed in combat ing them. Many States, Georgia among them, ap propriate money for anti-tuberculosis work and yet provide no means for ascertaining whether the death rate from this malady is ’ decllnti^; or increasing. This is but one among scores of instances in which public health movements are left without the light and guidance which, vital statistics alone can give. The effective resistance and conquest of diseases, particularly those like typhoid, malaria and others which demand public attention, all for complete and definite information as to their extent and source. The South has been distinctly negligent in this Important duty. The welfare of Its business, Its homes and Its people should impel every State to establish a competent bureau for the registration of vital statistics. North Carolina and Kentucky have met their responsibility in this regard, but the ma jority of Southern States are without the protection so essential to their progress and safety in matters of health. It is to he hoped that the Legislature of Georgia will not fail at Its next session to enact the vital statistics bill which was Introduced last sum mer but which In the eleventh-hour crush was carried The tramp has one advantage over an automobile —you can’t puncture his tire. Federal Aid for Good Roads. Senator Hoke Smith’s bill providing federal aid for the construction and maintenance of public high ways comes at a time when the thought of Congress is ripe for such a proposal. Within the past few years many measures of this kind have been intro duced and one of them, the Shackelford bill, passed /the House by a significant majority at the last ses sion of Congress hut was defeated in the Senate. Circumstances now seem peculiarly favorable for the enactment of legislation of this kind. For one thing, public interest the nation over has awakened to the importance and the urgent necessi ty of good roads as a means to agricultural and commercial progress. The problems and burdens en tailed by poor roads are not limited to any one sec tion bf the country; they are nation-wide. The bene fits that would accrue from an interstate system of good roads would extend to every part of the Union and to the people as a whole. This/ issue, therefore, is clearly one of ted era j concern and it is the manifest duty of the federal government to lend definite aid and supervision to the great task of highway improvement. Senator Smith’s hill Is said to be free from the objections which have been made to previous measures of this character and at the same time to assure generous encouragement and assistance to the individual States that are actively interested in the good roads cause. The Duty of the Courts. In the structure of government which society has reared for its security and well being no principle is higher or more vital than that represented by the courts. The integrity of a State and the peace and f.eedom of its people depend ..pon upright, unswerv ing enforcement of the law. However'much may be done by philanthrophy and science for the prevention of crime, there still remains a dire need for the certain punishment of crime whenever it lifts its head against a community or an individual. It Is to the courts that the people look for this protection and if the courts fail in their duty, the law itself is brought Into disrepute and confidence in all the in stitutions of government is dangerously shaken. There are wholesome indications that American thought has awakened to -he importance of this principle. In every part of the nation and notably among the members of the bar itself there is a growing insistence that legal machinery be freed from those technicalities which serve no necessary or rightful purpose hut merely tend to delay or de feat the ends of justice. There is also on the pub lic’s part a more earnest demand that the spirit of the law be given a clear path and that no offender whose guilt is proved be suffered to escape. This Is an evidence of social progress and of the develop ment of a keener social conscience Gratifying as these tendencies may be, however, they should not be confused with that brute passion for sheer revenge which would transform our courts from tribunals of deliberate justice to instruments in the hands of mob excitement. Firm and even enforcement of the law necessarily implies methods that are orderly and that are above any suspicion of influence from the heat or clamor of a crowd. If It is important that the guilty pay their due pen alty, it is even' more important that the innocent should not be sacrificed. It sometimes happens, and probably always will, that innocent men are convicted of crime even with the utmost care on the part of the courts. Such verdicts sometimes will be found. Under these conditions, there is even a greater responsibility upon the courts than when guilty men are acquitted to see to it that final justice is done. The acquittal of a guilty man is a mistake and a misfortune but the punishment of an innocent man, where innocence appears reason ably certain is a judicial calamity; and the punish ment of an Innocent man is doubly deplorable because it is inflicted upon a helpless victim. The responsibility of our courts in this regard is inexpressibly solemn. Their duty to the law whose high ministers they are and to society which has established them as its great protectors demands that they vouchsafe to everyone who comes before them a trial that is Impartial and dispassionate. Thus only can justice, which is the end of govern ment and the one foundation on which "human rights and progress can endure, be preserved. Thus only can the courts measure up to the sacred principle to which they are dedicated. A SUCCESSFUL WOMAN BY D3. FEANK CRAKE (Copyright. 19X3, by .Frank Crane.) It is easier for a young man to make love to a girl than to make living for Iter. The Currency Bill in the Open. Now comes the cheering announcement that the banking and currency bill which has lain so long in the doldrums of a hopelessly divided committee is to be reported to the Senate without further quibble or delay. A course for definite, contractive action on this important measure will thus be open ed; and there is little doubt that the basic reforms for which the administration stands will soon be wrought into law. The two factions of the committee, one headed by Chairman Owen and the other by Senator Hitch cock and five Republicans, have agreed to submit the entire issue to the Senate as a whole for deter mination, each faction presenting a brief statement of its proposed amendments together with the bill as it originally came from the House. While It is to he regretted that Senator Hitchcock’s unreason ing defection from Democratic ranks prevented a favorable report from the majority of the committee, it is none the less gratifying that the bill is at length to be put; upon its merits in open debate. The situation in the Senate will be far simpler than in the committee. The great majority of Sen ate Democrats are In cordial sympathy with the principles of the banking and currency measure, though they may differ in respect to certain details; and there is reason to believe that at the decisive moment support will come from open-minded Repub licans. The administration’s strength is as assured In this issue as it was in the tariff fight, and even more so. The backward forces that deadlocked the committee cannot long survive the forward move ment that will now spring into being. The country welcomes this prospect of a speedy settlement of the banking and currency question. Business will take new courage and press forward with new energy when the matter is settled. The people look to the Senate for prompt action; they should not and, we believe, will not be disappointed. There is a woman of my acquaintance who Is a success. She is not rich, not gifted in. the’jusual arts that gain notoriety, not young and peachy, not cele- ' i brated. *•- She is in quite moderate circumstances, and lives with her husband in a flat in a neighborhood that is not “select.” She has no children. She is past fifty, and glad of it. Why is she successful? Because she is cheerful, and because She cheers everybody around her. And she is cheerful because she is the one woman out of, say, fifty I know who has succeeded in per fectly ADJUSTING herself to her surroundings. The secret of the art of life is ADJUSTMENT, and whoever can accomplish that is entitled to be called successful. And to this title no other pegson has a right. / No human being is able to secure an entirely Ideal environment. No woman ever lived who fhad a per fect husband, perfect children, a perfect home, perfect clothes, a perfect income, and, perfect friends. Those who complain because they lack in any oqpe of these respects are foolish, and know nothing of how to take hold of life. This woman is content with the husband she has, sh loves him for precisely what he is, and does not want to make him over. To have tinkered, him and changed him to suit her fancy of what a husband ought to be was, of course, impossible, though many a silly woman wrecks her happiness -t that task. She has done the better thing: She has ADJUSTED herself to the man as he is. , Homekeeping is her lot. * So she has ADJUSTED herself to it. She has learned to love it. Her home is beautiful within, restful, 4 tasteful, altogether de lightful. Her income is at a certain figure. To that figure she has ADJUSTED all her desires. She lives Just as contentedly as if the figure were ten times as great. She said to me the other day: “I wish you would write something to persuade woman to love the com mon things, the everyday things. $ou ask me why I am so contented. It is because I love everything I see constantly about me. I Jove that chair, that table, that desk, those pictures, 'curtains, and rugs. They are all friends of mine. “Every piece of glass or china on my table means something to me. There is not an article in this apartment that does not please me when I look at it. “I love my friends. I love my day’s duties. I love the way we live. “When an ythought of unlove presents itself to me, I put it away, just as if it were unclean. I will not give room to dislikes.” This woman is a point of sunshine in a cloudy world. If the Lord were angry with the city, as He was wroth against Sodom, and should look about to see if there were at least three souls worth while, for whose sake He might spare the town from His consuming fire, this woman would be one of the sav ing sort. For she is a radiating center of helpfulness. She boosts all spirits. Any Woman can be successful, as this woman Is, if she will*'learn the art of ADJUSTMENT. For better than a billion dollars it is to be adjusted. Better than having everything just as you’d like it, is to like things just as they come to you. Huerta’s message to congress, although read in person, was not so impressive a proceeding as other messages we have heard of. j The jVonder of a Salmon Run The world's greatest salmon runs are to be found along the shores of the North Pacific ocean, in the states of Washington, Oregon and California, the prov ince of British Columbia and Alaska, on the American side and Siberia and Japan on the Asiatic side. So far, however, but few salmon have been canned on the Asiatic side. To one who has never witnessed these annual runs It is almost an impossibility to convey an adequate im pression of the countless numbers of fish that swim in from the sea in the late spring and summer, all im bued with the same desire—to gain suitable grounds in the upper reaches ‘of the rivers, some of which are from 1,600 to 2,500 miles in length, where they may perpetuate the species. No obstacle appear? to be too great to be surmounted in this feverish rush. Jump ing falls, shooting rapids, dodging nets, bears, birds, mink, otter and other enemies, fighting with other males, whom the near approaching of the breeding sea son renders especially savage—all these are taken as a matter of course. And yet one sometimes wonders if the heroic struggle is worthily repaid, for the mo ment of victory is also the moment of death, as, sad to relate, these valiant voyagers can breed but once and then must die, their wasted bodies, which have re ceived no nourishment since leaving salt water, be coming the prey of any prowling bear or carrion bird who may chance upon them. Why these fish. should all die after spawning still remains one of the great unsolved mysteries of the scientific world.—From “The Salmon Fisheries of the Pacific,” in the December Wide World Magazine. Marriage sometimes opens the eyes of blind people. More things come to those who do not wait for them. It takes the better half to see the worst side of a man. A rolling stone gathers.no moss, but it’s a smooth one just the same. Only the man who has more dollars than sense can afford to be sarcastic. Green is a popular color at present, but no girl should be green with envy. \ He’s an unusual man who doesn’t love himself any mere than he loves his neighbor., / It’s just like a woman to begin figuring on how she will celebrate her silver wedding before she has been married two weeks. The man who is governed by his conscience sel dom needs the advice of a lawyer. i Ship Early for Christmas Don’t rest content with early Christmas shopping. Bp wiser still and do your Christmas shipping be times. The approaching Yuletide promises to he a sedson of extraordinary strain upon the country’s transpor tation facilities. Santa Claus has seldom been so prosperous as he is this year and he is going to give full vent to his g’enerous nature. He will remember the children afar as well as those at home, the grown up -hildren as well as the tots. It will be an un usually hard task to deliver the hundreds of thou sands of Christmas boxes and packages. A Christmas gift that is not received until long ' days or perhaps weeks after the holiday is gone loses much of its spirit and charm; It is certainly a dis appointment to the sender, if not to the recipient. The custom of shopping early for Christmas has proved a great economy of time and nerves. Early Christmas shipping is just as important aDd will yield equally fortunate results. Editorials in Brief The City of Mexico is one of the most beautiful places in the world. About it lie some of the most splendid opportunities for development on earth. The mountains are rich in minerals, the lands in agri cultural possibilities. There are ample ports, conven iently situated. Mexico, a land with everything, has become a land with nothing but lawlessness, poverty, slothfulness and lack of ambition. Democracy has not proved a failure, hut the people into whose hands it was committed have failed. The elimination of Huerta will he merely the beginning in a process of morals and industrial education that will require de cades for satisfactory results.—Philadelphia Public Ledger. Harvard University Is dispuieted to find that Japs and Hindoos speak better English than native Amer ican students. The reason is said to be that these Orientals acqdire the language by the study of classics like Milton and Coleridge, while American hoys amass their Vocabularies from'baseball reports and street-corner dialogues. If this is true the case lodks rather hopelessL—Portland Oregonian. RURAL CREDITS X.—THE FRENCH SYSTEM. B* FREDERIC J. HASKIN. The French system of co-operative rural credits 1* younger than those of Germany and Italy, having been Inaugurated by the enactment of the French profes sional syndicate law of 1884. But it was not until ten ye&s later that the movement came into its own and began to develop rapidly. In 1894 a law was enacted creating local mutual agricultural credit banks, and this brought about the conditions necessary for the spread of co-operative credit throughout republic. In another five years so many local oanas had been organized £hat it was found necessary to create a sort of clearing house ft/r them. The result was the re gional bank act, giving state aid to the movement, and linking all the banks together into one great organiza tion. • • • In creating the regional banks the French govern ment placed at their disposal the income derived from the concession rights of the Bank of France. In con sideration of the fights which that institution enjoys, it must advance to the state, without interest, a loan of $8,000,000, and must make an annual payment upon the basis of the amount of business done. This pay ment varies l>om year to year,, sometimes going as high as $1,000,000 and sometimes as low as $600,000. • « • The local banks of the 'French system are associa tions made up of the members of agricultural syndi cates, or buying and selling societies. They itiust do purely a local business, their share capital being made up of small shares ranging between four dollars and eight dpllars each. The shareholders have no right to any dividend, but are allowed 4 per cent interest upon their investments. Each bank may determine for Itself whether it will pay interest on its deposits, and each is allowed much latitude in determining the extent of the liability of its .shareholders. Some fix the liability up to the amount of the stock, others doubling it, and still others making it unlimited so far as the manage ment is concerned, or even extending this unlimited lia bility to all the members. The present tendency is to ward the unlimited liability idea, making every member of a bank responsible for all of its debts. • • • rj. The local French rural bank generally is managed by a small council of merribers. When it is organized it must subscribe to a certain number of shares of the regional bank of the province or department. It can then take advantage of the regional bank's credit facil ities, the regional bank discounting its loans and mak ing advances for working capital. • • • When a member of a local bank wishes to borrow money he goes to the bank ;„nd signs a bfll; if this passes muster the local bank indorses it and transmits it to the, regional bank. This bank, in turn, discounts the bill and immediately forwards the cash, less the discount. In a recent yea* the regional banks dis counted $16,000,000 in bills in this way. The regional bank charges 8 per cent interest on such discounted bills, and the local bank charges 4 per cent. The mar- v gin suffices to meet the expenses and to create a re serve fund for the local bank. The size of the loans made to members varies, but a limit is nearly always fixed which is far on the safe side of the danger line. • • 1 The security which the bank requires for a loan va ries with the circumstances und with the policy of the bank itself. Sometimes one security is accepted and sometimes two are required. The man who cannot or prefers not to get an indorser, may deposit collateral in lieu thereof. The period of the loan varies, accord ing to the nature of the undertaking, from three months ■ to a year. Many banks require renewals every ninety days, and some of them demand a small installment v on the principal with each renewal. At least three- fourths of the profits of each bank must go to the re serve fund until that amounts to half the paid-up share capital. The balance may be divided among the mem bers in proportion to the amount of interest paid on loans. i • • m The regional banks receive, through the government, from the Bank of France, loans without interest, four J times their paid-up capital, for a period of five years, ' subject to renewal. For example, a regional bank is made up of ter} local banks, each of which subscribes $2,000 to its share capital, so that the stock of thy Re gional bank amounts to $20,000. This gives it tjfe right to a non-interest bearing loan of $80,000 from the Bank of France, under the concession terms ©f that institution. • • • A special committee, nominated by the minister or agriculture, distributed the funds coming from the Bank of France to the regional banks. AH profits in ex cess of an annual dividend of 6 per cent goes to their reserve fund and is used eventually to repaying their loans from the Bank of France. In addition to their primary work of serving the local co-operative banka, the regional banks are authorized by law to make loans to co-operative producing and selling societies, and to Individual farmers for acquiring and improving small holdings. These activities are financed by the Bank of France for them. • . • Another source of-cheap money for the French fann er is the Credit Fonder, a financial institutional or ganized in France in 1852*' incorporating, in the main, the best principles of the German land mortgage banks. It enjoys rights under the French laws that are pos sessed by no other institution. It is a centralized in*, stitution rather than a decentralized system, yet it ha* produced splendid results in financing French farmers and other landholders. The government has a meas urable control over it through the appointment of its principle officers. The confidence it has been able to in spire has made it the financial agent in bringing bor rowed and lender together in one-third of the land mortgage business of the French republic. • • * The bonds of the Credit Fonder are payable to bearer, and the claim of a third party to them cannot be made except upon the allegation of loss or theft. The Credit Fonder may receive deposits up to $20,000.- 000, one-fourth to be kept in the treasury and the re mainder to be invested in gilt-edged securities, prefera bly government bonds. While its activities are espe cially in the direction of exploiting long-term mort gage business, it also does a short-term credit busi ness of large proportions. On long-term loans the pe riod is from ten to seventy-five years. The annuities are small, and permit the borrower to wipe out the principal without feeling it; consequently the system of amortization has become very popular in France. • • • To illustrate the difference between our system and that of the Credit Fonder, suppose an American farm er and a French farmer each borrow $1,000 for ten years. The average interest rate in the United States is 7 per cent, so the American farmer would have to \pay out Sl.'TOO to wipe out his debt and the accumu lated interest. The French farmer pays it all back on the annuity plan, which calls for the repayment of $124.09 a year, or $1,240.90 in all, a saving of nearly $500. On a thirty-year loan the American farmer would have to pay out $3,100 to wipe out interest arid principal, while the French farmer would accomplish it by the payment of $1,789.32. In other words, the French farmer, paying 5.96 per cent for his loan, would find it charged off the books at the expiration of thir ty years, while the American farmer, paying 7 per cent for his, would.-still have the whole principal to meet at that time. On a fifty-year loan in the Credit Foncier, an annuity of 4.88 per cent wipes off both principal and interest by the time of its expiration. Life is one Indian summer forecast after another. Any girl can make a name for herself^-lf she can induce some man to face the parson with her. No. trouble for Huerta to call an extra session of congress. He simply elects a new one. A man never realizes how much sense one girl has who jilts him until another gets busy and marries him.