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■ .... . . 14 D ! I KARSTS SUNDAY A.NJKRH'AN V'PLANT A. ,A.. SUNDAY. DK( 'EM HER 1!)U!. Ent« be § one fori rat- \ fti 'News and Views by Experts of Finance, Industry, Crops and Commerce German Potash Trust Ifllf OPPOSES REYNOLDS SEES Hopelessly Smashed (, |J|S guy H GBODHEASOHITO INSMBDNDS" Constitution Now Provides for Taxes With Which to Retire Them Serially. ovcrmiH'iit > Attempt to Monopolize Wor K(‘ft ilizer Supply Fails ('ompletely. By BOERSIANER B/ BOERSIANER IK AG< >, I)i‘< hi. The pota >poly is hopelessly and belplen i.si nlcgratcd. At a meeting Jerman pota ah syndicate held ead cure the that after levy article provides requiring the omputation NEW YORK. Dec. 6—In following the time honored pra of authorizing State Legislature levy sufficient taxes year by year new Louisiana Constitution actually levies these taxes, naming a fixed rate which the officials say will he sufficient to pay the serial bonds lo be issued in December as they fall due in from one to fifty years, as well as th semi-annual installments of in terest. ^ This appears to be a new form oi State financing which has developed as a result of the necessity to make ample provision for the payment >f maturing principal and interest >f the new bonds to be offered and thus allay doubt in the minds of investors. Has No Discretion. The Legislature is given no discre tion in the matter, according to Caldwell, Masslick & Reed, attorn of this city, who way mg the tax the same for emergencies b> State Auditor to mak each year of the amount vwiich can be realized by the levy of the fixed rate. If that amount i* not sufficient, due to reduction of the assessed val uation or other causes not now fore seen, the Auditor is required to com pute a new rate that will be sufficient and extend it upon the tax rolls f«»r collection as other State taxes are col lected. States are immune from suit, hot their officers are subject to writs of mandamus to compel the perform ance of specific duties, and this pro vision for automatic extension of the rate of the tax is one that the bond holders can enforce by mandamus. Fail* to Pay Bonds. A few months ago the attention of investors was called to th*• default **f the city of Atchison. Kans., in • u payment of maturing bonds, no sink ing fund having been provided, und the city being determined to compel its creditors to accept new bonds ar a rate of interest lower than the market rate. The courts promptly gave relief, although they gave the city a few' years in which to make up the default. The Atchison case gave impetus to a movement that had been going for ward among investors for some years. 10 induce municipalities * pay the r bonds serially, instead,of at one time Fn the distant future. The Invest ment Bankers’ Association of America has been urging the adoption of a policy of public debt which should provide for its retirement gradual!v, practically doing away with the <»M theory of sinking funds and using h- taxes for the payment of maturing bonds each year. More Cities Adopt Plan. A great many municipalities have adopted the new plan, and a notjible case is that of Seattle, which a few months ago issued one to five-year serial bonds to the amount of $1,009.- 000 to pay a debt falling due, al though the first ordinance 'for the payment of the debt provided for twenty-year bonds The adoption of this policy by the State of Louisiana will go n long way in inspiring the confidence of investors, and is lik< 1y to prove a model in State financial legislation, both in its plan for grad ual retirement, of the State debt and its provisions for actually guarnnte - ing the payments. Berlin the other < purposes were a ban urea adopted in an vent utter demora trade. This is the miser; hype Tl vivid in interested ternationa.1 ises on the i Jovernment risy. antecedent; in the min ay monopolistic loned and meas- attempt to pre- lization of the hie end of false ti of the Prus- id of diplomatic should still be of all who are fertilization and in in- liplomacv. Some inde pendent potash mine owners had contracted to deliver a large amount of the commodity to American con sumers. chiefly to the Virglnia- Oarolina Chemical Company and t<» another agricultural fertilizer con cern, The Prussian Government in tervened. It ffretended not to pro test against the price, but against the amount that was to he exported to lone country “which endangered the world's supply.” So far as was then (and is yet) known, potash mines are confined to Germany and potash is a necessary ingredient in agricultural fertiliza tion. professed to be so- wnrld’s welfare In diould be permitted •rmany more of the bso- Pot- J Pl« The Prussians Heltons of the that no country to take out of G essential ingredient than was lately Imperative to its needs. Great Britain Takes Oil Fields in Turkey Special Cable to The American. LONDON. Deo 6. Although English interests failed to obtain oil fields in Colombia. Great Britain will get impor tant concessions tinder a new treaty with Turkey shortly to he signed. According to the correspondent of The Daily Telegraph, at Constantinople, the clauses Include a grant to Great Britain of all oil wells in Arabia. Mesapotamia and perhaps Syria The supplies will be used for the Brit ish navy, which in future will he largely propelled by oil. The concession is a sequel to First lx*rd of the Admiralty Winston ClmrcfiIll’s recent utterances regarding the importance of the navy’s possessions of a good supply of oil Here's One Man Made Richer by Income Tax NEW YORK. Dee 6 Strang, to say. passage of the Income Tax law will increase, and not decrease the income of at least one lu< k> person in this country Me is W D Morgan, a hank cashier, of .Hartford. Conn., who has prepared and patented a special form of certificate to he used in the collec tion of interest coupons. \ large number of hanks, including several big institutions in this city, amorg them the Irving National Bank, have placed orders for thou sands of the certificates. It is estimated that Mr Morgan will reap a small fortune. ash was peculiarly precious. It must he jealously preserved. American contractors did not ac cept the Prussian Government’s pro testations and insisted that the in dependent producers he permitted to fulfill their contracts. The matter finally received the attention of the Department of State in Washington, which Instructed the American Am bassador to investigate the question. Supplies Limitless. Investigation proved the Prussian Government was seven-tenths owner of the largest potash mine in Prus sia: that it was trying to effect a monopoly: that mines were being- discovered in other parts of Ger man.'': that o?ie newly discovered mine in Alsace also contained enough potash alone to supply the | world for a century. The discoveries were fiercely re sented not only by the Prussian, but by the Imperial Chancellery in Ber lin The integrity and veracity of the American Ambassador were im pugned with plausible indignation. I»i a moment .f confusion and ti midity in Washington the American representative in Germany was on the point of being recalled. He prob ably had lost his post but for the courageous stand taken by n number of Berlin correspondents of foreign newspapers who confirmed th* Am bassador's findings. The “prevention of a wasteful use of national resources’* was in es- senre an attempt to monopolize the industry in every respect in limit ing output and in fixing prices. The Prussians thought to hold the uni verse by the tail. They went so far as to induce the Berlin office to try for a ‘heavy dutv on exnorts. Seventy Square Mile?. Sim e then the deposits In Alsace have been further explored and have been shown to he enormously grea, and rich. The field has been proved by borings to extend to about 77 equate miles of continuous deposits The first mine began production Here last year and since then ten others have begun producing or have received allotments in tbs syndicate More recently deposits have been found in Baden, between the Itiiim am] the Black Forest, evidently a coninuation of those in Alsace. Mean while, new mines have been opened up very rapidly by the older dis tricts around the ilartz Mountains. The tirst mines opened there lay in the plains to the east of the inoitn- | tains: later on deposits were struck j to the north and then to the south of them: and still later the district ! has been greatly extended toward the j northwest Into the Province of Han over and to tlie south into Thuringia, i It is thus a case of embarrassment of riches with which the potash pc have to deal. Propose Drastic Remedy. The Prussian 'preventive'' bill proposed a Draconic remedy for the excessive increase of mines; no new ones were to be allowed to begin production during a period of twenty years. This proposal was naturally objected to by all narties Interested in undeveloped properties and among the objectors were several of the German States themselves. which have become Interested In potash mines, or which hoped that discov eries of the valuable would be made within their borders. ► The Prussian bill was accordingly modified in Its most essential fea tures bv the Federal Council and as enacted it provided that all mines be gun up to a certain date should re ceive production quotas for imme diate use, but after that date a period of five years should elapse, after get ting a quota,- before the mine In question might begin production. The law also made It possible for | existing mines to buy up the quo- I tas assigned to new ones and lo pro- j duce the corresponding quantities at j their old shafts. No mine was al lowed to sell Its own product*, all sales had to be made by a central selling agency. Thus, while the law did -not specifically provide for a syndicate it practically necessitated the continuation of the old syndicate. The price at which potash might be sold was also specifically stated in the law. with a provision for changes j from time to time by a government board that has charge of the ad ministration of the law. Result Unsatisfactory. The result of the law has been em- mlnently unsatisfactory. Instead of checking, the establishment of new mines, it has proved a strong stimu lus to the exportation of undeveloped properties. This was only a natural result, inasmuch ns the law guar anteed production quotas to all new coiners and fixed prices far above the necessary costs of production, with a reasonable pereenta n "' of profit. The new mines, too, were sure to find ready buyers of their quotas. In case the latter should turn out to be too small to justify them in erecting operating plants and exploiting their mines upon their own account. Now the leaders of the potash in dustry are complaining that the law merely placed a premium upon the organization of new potash companies and that demoralization has ensued. GOVERNMENT Atchison President Believes There Would Be Too Much Politics Under New Plan. President of the Great Chicago Bank Expects Better Business in January. NEW YORK. Dec. 6. Iv IV Ripley, president of the Atchison. Topeka and Santa Ke Railroad, took a violent ex ception to the statement made re cently by Clifford Thorne, chairman of the Railroad Commission of Iowa, before the National Association of Railroad Commissioners, that under Government ownership of railways in tiie United States the capital em ployed could be obtained at an an nual saving of $464,000,000. Aftei showing the Iowan errors in his fig ures regarding interest and dividends now paid by the railways of $211,000,- 000 a year, Mr. Ripley entered upon a discussion of the possibilities of rail ways under Government ownership. Opposed to Plan. “1 do not oppose this policy as a railway officer,” he says in a letter to Mr. Thorne. “The Government could not acquire the railways without pay ing just compensation for them The roads are now being so regulated that the security owners are not receiving an adequate return, and if they could get their money out they could invest it where it would earn a larger re turn. Therefore, Government owner ship might be a blessing to the own ers of railway securities “While 1 do not oppose Government ownership as a railway officer, I do oppose it as a citizen, because I be lieve that under our form of govern ment and political conditions it would be the greatest calamity that could possibly befall the American people. Can’t Keep Out Politics. “But upon what conceivable ground can anyone assume that polities would be kept out of the management of State railw ays in t ;u%< ountry 7 It is not now kept out of the manage ment. of the State railways of any country, with the possible exceptions of Prussia and Japan. Furthermore, politics Is not now kept out of any thing done by our own Governments. Since we can not keep politics out of our river and harbor improvements, or out of our appropriations for pub lic buildings, or even out of our legis lation regarding the location and maintenance of army posts and naval stations, how can it be rationally as sumed that we could keep it out of a State railway system employing 1,- 700,000 citizens and voters? CIIK AG< I> In the vi George M. Reynolds, president of the Continental and Commercial National I Bank. January will mark a definite j'urn for betterment in the business situa tion. Mr Reynolds predicates his opinion | »n ttie condition and business# of the institution of which he is the head. "Our deposits to-dav are $9,000,000 higher than they were on the corre- j sponding days a year ago. Our cash . means are ampler and our general re sources stronger. And though *he country banks owe us some $25,000.- 000, payments are prompt enough to make us feel comfortable. “The atmosphere has been gloom}'. Pessimism still is the keynote in the street. It might, therefore, sound ul- traoourageous to predict confidently a decided improvement after the turn of the year, but one must refuse to be affected by the feelins and senti ment!- of the financial district and take for safe)' indications the charac ter ot the business we are doing in this bank. South Among the Leaner*. "Of course, some sections are still leaning heavily upon our shoulders. Tin* South, for instance, where bor rowings were largely based upon a cotton crop whose bountifulness was diminished by the floods. Not a few enterprises that were flourishing six months ago require renewed credits. These are all perfectly good, as are the loans made by Southerners. “It Is merely a question of carrying such people longer than we had fig ured on. Even so. the general collec tions elsewhere more than compen sate for the tardiness in the quarters mentioned. "And as we gradually adjust our selves to Pie tariff you will find that business w ill look up again. Currency Reform Nearer. “I am forgetting the currency ques tion. The differences between the ad ministration and thv bankers arc not many and not now exceptionally vital. “To be sure, bankers can not yield the points of being forced into an investment and of investment without representation. “We are willing to waive features whiedi we deem unwise and compro mise on clauses that we consider in imical to the welfare of banking sci ence, but upoi the two questions I have just stated we must be firm. I have greatsjtopes that these essentials will be recognized.’’ The ATLANTA 3 NIGHTS COMMENCING MONDAY Costs Less to Make Bay State to Enforce Than Buy Powder WASHINGTON, Dec 6.—Figures showing that the Government can save 20 lo 50 per cent on contracts for army materials if it makes them itself were made public recently by Representative cnyoe Travenner, of Illinois. The fig ures were obtained from the Fran Il ford arsenal, Philadelphia. On orders placed with the Frank ford arsenal between .Inly 1, 1912. and April 25. 1913. amounting to *1.900,064, the Government saved $970,841. On an order for $800,120 artillery am munition now being manufactured b> private concerns, the Government could have saved $31,215 if it had given the order to the arsenal. The Government pays higher wages, works Its men eight instead of nine and ten hours a day. and pays for fifteen days’ annual leave of absence, seven na tional holidays ami thirteen Saturday afternoons during the summer. Mr. Travenner points out that if the manufacturing were to he done at the arsenal at Rock Island. II. . where the Government has a power plant in the Mississippi, an even greater saving could be made Lumber Produced iu 1909 Worth Billion WASHINGTON'. Dec. 6. Lumber ranked third in value in Flitted States products in 1909. the Census Bureau re ported to-day. There were 44.804 estab lishments in tire business, with a total capital of $1,182,330,552 They em ployed 797,S25 persons. who received $367.863,055 in salaries and wages. The products totaled $1,160,644,628 !£. In addition lumber and Its lementury products to the value 7.950 were reported l»y establlsh- engujfed primarily in the inanu- of other products, chiefly furnl- efrigerators. fancy and paper and pianos, organs ami mate-' in vali 41,774 Women Share In Pennsy Dividend : y (Sugar Trust Suits ' Total $29,000,000 NEW YORK, Dei Vania Railroad \ ester • .end checks to 86,866 largest number to w hi ever paid (>f the people that receive tl more than 46 per cen Tl ere J The Pennsy 1- lay mailed divi- shareholders. the h a dividend has I otal number of { » checks 41,774-- j are women j women- j Wi fif 1 ver Pennsyivania Kailrv than there were a year ago. Th age number of shales held by one stock- J Ftq holder is 114. an average decrease of j fet six shares per bolder in the past nine i urn month*. I pro < ; I T Weyerhauser Forms T $7,000.000 Lumber Co. i hstpict etining in civil « American is made de- prosecutions damages ap- oinsiana manufact erican Su am a* I New Publicity Edict BOSTON. MASS.. Dec. 6.—Quarterly statements showing the amounts paid to attorneys, legislative agents, news- paper writers and advertising agen cies must bo submitted to the Public Service Commission by all corporations under its jurisdictions. An order to this effect was adopted at an executive session of the commis sion to-day. More than 150 corporations are af fected. including all steam ami elec- trie railways, telephone and telegraph companies. The order, effective from October 1, was prompted by an investigation now being made b\ the commission of the payment by the New Haven Railroad of a large sum appearing under the caption, “Other expenses.’’ if) a recent statement of expenditures. Russia iu Need of Cash And Is Applying Here Special Cable to The American. ST. PETER8BFRG, Dec. 6.—General! weakness on the St. Petersburg Stock Exchange occasions must comment. It | was stated here that the Government i Intends curtailing the credit of several ■ banking houses accused of having fa vored extensive speculation; but the real j cause is uneasiness due to unfavorable rumors concerning the recent visit of Premier Kokowtsoff to Berlin and Paris. „ It seems his mission was not nearly so successful as reported and the fact is that foreign markets are not in clined to open their pursestrings to Rus sia. It was stated that Kokowtsoff is mak ing overtures to a number of Ameri can haruvs ior a loan which is required for the extension of railways and the construction of new ones. Raw Wool Now Free: Bond Goods Released Washington. i»e« «> Raw wool! went on the free list Monday under the provisions of the new tariff act. Wool held in bonded warehouses awaiting ad e« of d • • In New York alone is estimated at $1,000,000. Philadelphia manufacturers withdrew i more than 8.1*00.000 pounds of raw wool i from bonded warehouses t it is week, ac ! cording to estimates of customs bouse J officials. Mtst <»f the wool came from N» w Zealand. England ar.d Ireland. Be ! lore the withdrawals began it was j Mated the warehouses contained about j • 000 pounds. Providence. 1.300.000 pounds of w ool j were withdraw!) from bond. SPECIAL MATINEE WEDNESDAY KLAW & ERLANGER Present Si ROBERT HilliarD ASCHF. KAYTON. Who Solves the Mystery *#i“THE ARGYLE CASE” •*.» HARRIET FORI) AM) HARVEA .1. O'HItitil.XS, in «'<»llnlioratlou will* the fa mous detective. WILLI \ M .1. BV’RYA. PHILADELPHIA COMMENTS 1.4 NT WEEK: “Best thing Hilliard has done."— Prem*. "REAL Defective Play." Telegraph. “Tense. Ingenious. Inquirer. “Excellent Acting.’’— North American. “Fine Climaxes." Record. “Sparkling Cornedv.’ Bulletin. "Best Detec tive Play Yet."—Ledger. The Dictograph—The Finger Print Proeenn—Original New \ ork Cant. . KVEMM.S—25e. 50e. 7Se. Hi. *1.50 and 82. - WEDNFHD W M 4 TI N' KK—25c to *1.50. Thursday, Friday, Saturday MATINEE SATURDAY Seat Saie Monday 9 a. m. THE FINEST CaST EVER ASSEP.tBLED IN THE BIGGEST PLAY OF THE CENTURY H. H. FRAZKE Present* I ROBERT EDESON ROSE C03HLAN WILTON LACKAYE Kl’C.KA K WAI.TKKA l (KAMA'l'H HARTKKPI K< K LOUT* ROBERTSON nr. AX FIGMAN *sr. y LVOI* DICKSON in liic Fidled Xi RIDLEY A JAMES AUDITORS ATLANTA - GEORGIA The orlftnal feoductlon. FHreet frmm m tpRBen'a rne a* the 4«*+*r T Heater. Nfw \ orh. and the ( or* TNeeter < b<«*ftge NIGHTS. 25c. 50c. 75c. $1. $1.50. $2. MATINEE. 25c. 50c. 75c. $1. $1.50. 'Rival' Tobacco Firms One, Witness Asserts Evidence in a Kentucky Case Links the American and Imperial Companies. MOKGAXWELD, KV . Dec 6 Kvi- [ dencc presented to-day by the Common- | wealth was considered as pointing to I community interests between the Im perial Tobacco Company and the Ameri- j ran Tobacco Company. Henry P. Barrett, a millionaire to- | bacco dealer, testified he formerly was a buyer for the American Tobacco Com pany and exhibited cans of smoking to bacco Which he said are manufactured by the Imperial, but put upon the inai ket bv both the Imperial and American companies. He swore that upon one occasion after buying a quantity of tobacco for the American he went to Europe and found tlie same tobacco in the warehouses of the imperial. McAdoo Chides Banks For Curtailing Credit WASHINGTON, Dec. 6. —Following complaints from business men that banks were restricting credits on com mercial paper to meet expected pro visions of the new* currency law . .Secre tary McAdoo assured bankers the Gov ernment contemplated no regulations which would in any way interfere with the business of the country* The Secretary further slated the Treasury Department had large avail able resources, which it would not hesi tate to use to aid banks to comply with the law. A letter from a note broker from Ohio alleged that largo banks had ad vised their correspondents to “make themselves just as liquid as passible and stay so, in order to meet the require ments of the new bill.’* These banks said the note brokers have noi been buying any paper since March and busi ness “is at a standstill.” Immense Holding Co, For Gen'l Petroleum NEW YORK, Dec. 6.—Members of the English syndicate which secured control of the General Petroleum Company w ill incorporate a new holding company, to be known as the General Petroleum. Ltd., registered in England with ordi nary share capitalization not exceeding $25,000,000. The syndicate purposes issuing $10.- 000.000 of this ordinary stock for the $35,000,000 common shares of the Gen eral Petroleum Company. No authorized amount of preference stock for the new' concern has been set. but it is planned to Issue $15,000,000 in exchange for the $15,000,000 General Pe troleum 6 per cent bonds. MANILA ROAD EXTENDED. SAN FRANCISCO. Dec*. 6.—At present there are 3.500 men constant ly being employed on the construc tion work on the Baguio branch of the Manila Railroad. This has pro gressed so far that the passengei equipment lias been ordered and is expected to arrive in Manila during the latter part of 1914. TIFF HIS IDT IF Rill Eitt 'Downward Tendency” of Food Will Not Be Material. Asserts Minnesota Economist. ST. PAUL, Dec. 6.—While there will be a downward .tendency in some food articles under the new tariff, that tendency will not he strong enough to lessen materially the cost of living, in the opinion of Dr. E. V. Robinson, Professor of Economics at the University of Minnesota. “By no means is it to be regarded ag a *‘cure all,’” said the economist: “nor is it either a 'free trade tariff or a ‘tariff for revenue only.' “Taken as a whole, it ig a ‘pro tective tariff,' with a larger free list and a lower range of duties than the protective tariff of the Republicans." On this latter point Dr. Robinson amplified his views, as follows: “In order to get away from the protective basis, it would be neces sary to levy import duties only on goods, such ag coffee, which are not produced at home; or. if any sucii goods are produced at home, then to subject them to an internal rev enue tax exactly equal to the duty paid by similar imported goods. In this way trade would be left free to take its natural course, and the government would get the entire tax paid by the consumer. Such a tar iff would be a free trade tariff, and likewise a tariff for revenue* only, which are one and the same thing. “The new tariff, then, is a protec tive tariff: which means that if 90 per cent of the consumption of any article is met by the domestic pro duction, only one-tenth being im ported, then 90 per cent of the tax paid by the consumer accrues to do mestic producers and only 10 per cent to the government. The amount of revenue secured by the government through a protective tariff is thus no measure at all of the burden which it imposes upon the community. On the contrary, revenue and protection vary inversely to each other. “This being the case, the new tariff can not be expected to make any radical changes in the cost of living, for the simple reason that the tariff itself is foo nearly like those which have preceded it. Nevertheless, it does mark the first serious attempt in two generations to revise the tariff downward. “How this will be regarded will de pend, of course, on whether a man approaches tlir question from the side of the consumer or the producer." i Frisco Head Tells Commerce Board of His Plan to Build Road to Panama. I S*T Ltms, Dec. 6.—B. F. Yoi- turn's dream of a railroad empire was the climax at the hearing before rh* Interstate Commerce Commission hr re when he was being interrogated con cerning txi* receivership of the Frisco. Tiie heal-Jng was closing when Mr* Yoakum l>**gan to tell one of the greatest railroad projects ever con ceived and which only the trouble in Mexico prevented from materiallz. ing, he said. This, in substance, was a water- grade line fiom St. Louis to Colon, on the Panama Canal, a line with such imperceptible grades that trains car rying a tonnage as great as any o? the steamships leaving New Orleans could move over them easily and swiftly. N Mr. Yoakum explained step bv steu how the Frisco, with the Mexican National Railway, had built a bridge across the Rio Grande at Brownsville, connecting that point with the Mexi can ^National, and of the survey south from that point to Tampico, and of the proposition that Secretary of Stain Limantour of Mexico had agreed i > by w hich the Mexico National was to build a line from Honey to Tuxpam and the Yoakum line to be continued to Colon, almost due south, tapping the resources of seven republics and reducing the mileage more than -‘U'> miles to the City of Mexico, tapping the great oil fields of Tampico and tb* tropica! products of the country south of it. bringing tne tonnage through the Mississippi Valley economically and in vast quantities. He also told of finding the stakes which were laid 40 years ago by a survey under A. J. Cassatt, late pres ident of the Pennsylvania Railroad Company, for a line along the ron f e Mr. Yoakum proposed, and the ex pense of which survey was borne bv the United States Goyernment and the republic of Mexico. Mr. Yoakum stated if this line had been built and allowed to cominuo the prosperity of the Frisco property would have been unequaled. Only the war stopped the project. ILLINOIS APPRAISES LINES. CHICAGO. Dec. 6.—A report issued by the Illinois State Board of Equal ization shows that the valuation of steam railway property in that State for 1913 is $550,381,417, an increase of S23.7S1.501 over last year. — DEC. 8 jfitbur Car Sawdusts G ASOLINE costs more and more every day, with no prospect of relief in sight. You would pro bably be glad to operate your car on anything, provided the cost was reasonable. There is no doubt about the cheapness of sawdust, but you are inclined to question its practical value as a motor fuel. Henry Smith William has an article in December MoToR that points out the unlimited possibilities a hitherto neglected power medium. Internal combustion engines do not depend completely on gasoline. Alcohol or benzol may be made to produce the same results. And a billion and a half gallons of these potential fuels are being wasted in this country every year! The “How" and the “Why” are of the utmost importance to the motorist of today. Get Dr.William’s comprehensive article. December MoT oR is now on sale At Any Newsstand