mm, . —..
GREAT CHURCH UNION
IN CANADA NOW SURE
Presbyterians, Methodists and
Congregationalists to Merge
Throughout Dominion.
From the Religious Rambler.
By a three to one vote the Canadian
Presbyterian general assembly has fa
vored organic union with the Metho
dist and Congregational denomina
tions. The other two bodies had already
gone on record as favoring the amal
gamation of the three diverse denom
inations. The final act of consumma
tion Is now Inevitable. What is prob
ably the greatest merger In all church
history is assured. Unless the Pres
byterians of the states should get
ahead of the denominations across the
border. Canada will have the record
for church union.
One fact which causes this great
merger to stand out above all the otb -
er church unions, past, pending an!
prospective, is that it Involves three
distinct types of denominations. The
Congregationalists stand for indepen
dency; Methodism stands for a modi
fied episcopacy (although the Cana
dian church is without bishops) and
the Presbyterian church stands for
government by presbyters or elders.
Yet a way has been found to weld
these diverse bodies into one great
whole. *
This extraordinary project would
have been impossible had not Canada
already made great strides In church
union by consolidating the divided de
nominational families. Thus Instead
of several forms of the Presbyterian
church in Canada, as is the case in
the United States, there Is now but one
In the entire denomination. Likewise
there is but one Methodist denomina
tion and one Congregational denomi
nation. The process which has already
bpen accomplished in Canada Is now
under way in the states, where Pres
byterian bodies are drawing together
and Methodist bodies likewise.
Where the Case Now Stands.
This great Canadian union has been
"up” for several years. It has been
debated in many church gatherings.
Recently it was put to the vote of the
local congregations. In the case of the
Presbyterians a third of the member
ship did not vote, which many took to
be a sign that they were not ready for
the issue. But the general assembly,
which has lately been in session in
Toronto, took decisive action by a vote
of 178 to 64 in favor of proceeding as
rapidly as possible to the union.
The Congregationalists, in their na
tional council, were absolutely unani
mous in favor of going forward to the
completion of the union. The Metho
dist general conference has also put it
self on record as overwhelmingly fa
voring union. The Presbyterians were
tfie laggards. Their acquiescence as
sures the fact.
It is rather remarkable that the
Presbyterians voted to give up their
denominational Identity at this time,
for the great congress of Presbyterian
representatives had given such an ex
hibition of Presbyterian potency and
had so deeply stirred the denomina
tional enthusiasm that some observers
felt that this newly quickened denom
inational consciousness would balk the
union project. It is proved not to be
the case,, however, and the negotia
tions have been put into the hands of
a committee to proceed to the epochal
Issue which has been the goal of the
most advanced leaders in the denom
ination.
£5^ Anglicans Take Forward Step.
One of the unexpected by-products
of the union movement in Canada was
the effect upon the Anglican church,
which has organized a "Church Unity
league” and which takes the ad
vanced position of recognizing the
non-Eplscopal churches. In England,
Canada and the states, the Anglican
and Protestant Episcopal churches,
which hold the doctrine of the historic
episcopacy, have not been willing to
recognize the validity of other ordi
nations than their own. Thus they have
not looked upon the non-Eplscopal
churches in the fullest sense of that
term. The Canadians, however, have
gone a step forward, although their
action has called forth a protest from
the bishops of eastern Canada. At the
recent meeting of the Church Unity
league, to which, by the way, Earl
Grey cabled his congratulations, loud
applause greeted the following utter
ance from the venerable Archdeacon
Cody
•"Wouldn’t you like to meet John
Bunyan, Francis of Assissi, Thomas
A. Kempis, Father John of Cronstadt,
David Livingstone, and Paton of the
New Hebrides, as well as Keble, Phil
lips, Brooks and Kingsley? How can
we refuse to recognize on earth those
who will be stars in the spiritual firm
ament hereafter? Will there not arise
some sense of shame to remember
hereafter that, we refused to recognize
these on earth?”
The New West Makes New Problems.
A factor in Canadian progressive
ness in this matter of church union is
Its newly opened northwest. Church
leaders do not wan^ to duplicate the
conditions which grew up in America
by competitive congregations in almost
every community. They are deter
mined to man the whole field, but
they do not want to over man it. Like
all new regions, the west feels most
lightly the claims of the historic di
visions. It, in' the fashion of Kip
ling’s American,
"Turns a keen, untroubled face
Home to the Instant need of things.".
Therefore, the local congregations
are uniting without waiting for the
permission of the denominations. They
are forestalling national unity by lo
cal unity. The agitation has created
all over the dominion a host of men
■who are determined that the church
shall get together regardless of what
leaders may say.
The pressure of the new problems,
which have come to Canada, the fron
tier problem, the city problem, the im
migration problem, and the temper
ance problem, have been factors In
drawing these denominations together.
These new tasks are so large that they
can be met only by a united church.
The leaders in practical service are
likewise leaders in church unity.
The issue Up In Scotland.
A factor in furthering union in Can
ada is the astonishing progress that
is being made in Scotian ’, toward the
union of the established cjiurch of
Scotland and the United Free church
of Scotland. It ..has for generations
been taken for granted that this line
of cleavage was practically perma
nent. But lasf month both denomina
tions held their assemblies side by side
In Edinburgh, and with absolute un
animity voted to proceed with nego
tiations looking to union. This in the
land whose many brands of Presbyter
ianism have been described as
"The wee kirk, the free’ kirk,
• The kirk wi’oot the steeple;
The auld kirk, the cauld Kirk,
The kirk wl-oot the people."
• From Asia come equally stimulating
messages of the movement for the
abolition of denominatiorvaf lines in
the native churches on the mission ;
field. It Is clear beyond p.eradventurs
that China means to have one Chinese
church, which embraces everything,
from EplsCopallan to Quaker. Japan
Is discussing the same theme. Some
of the native Christian denominations
In India have got together and further
unions are on the way.
Some American Unions. „
In the states the southern Presbyter
ians have decided to merge with the
United Presbyterians, and this union
will have been effected within two
years. The northern Presbyterians and
the German Reformed have decided to
get together, and their committees are
working on the matter. The United
Brethren and the Methodist Protest
ants think they should get together.
The northern Baptists and the Free
Will Baptists have already united.
Meanwhile, the world conference on
faith and order, which the Episcopal
ians are promoting, grows more Im
portant and reallzcable with each
month.
In this matter of church union, It
seems as If the lrreconcllables are
growing reconciled, and the Irreduci
ble minimum of antl-unlonlsts Is being
reduced toward the vanishing point.
FOREIGNERS LARGE
MACHINERY BUYERS
0 ' |
Recent Summary of Trade
-Shows Satisfactory In
crease In Exports.
The success of the American manu
facturer and the American workman In
competition In foreign markets Is
sharply Illustrated In the pamphlet Just
Issued by the department of commerce
on "American Manufactures In Foreign
Markets,” by the table which shows
the exportation of machinery from the
United States In 1902 and 1912. The
■value of this class of exports In 1912
was $176,703,431, against $64,826,802, a
decade earlier, an increase of approx
imately $112,000,000, or about 173 per
cent, while tatal domestic exports
meantime were increasing about 60 per
cent.
This large increase in the exporta
tion of machinery Is apparent In the
trade with all parts of the world. Tak
ing the figures of tne full fiscal year
1912 for which details of articles by
grand divisions and countries are avail
able, exports of machinery from the
United States to Europe show a gain
from $30,000,000 In 1902 to $65,000,000 In
1912; to Nortft America, from $21,000,000
to $61,000,000; to South America, from
$5,000,000 to $27,000,000: to Asia, from
$2,250,000 to nearly $7,000,000; to Oce
ania, from $5,000,000 to $12,750,000: and
to Africa, from $1,760,000 to $4,333,033.33.
These figures Include agricultur
al implements and automobiles in
addition to the various classes of ar
ticles grouped under the head of Iron
and steel machinery. t
All glasses of machinery show large
gains in exports in the period 1902-12,
for which detailed statistics are avail
able. Sewing machines, of which the
exports In 1902 were $4,000,000, were ap
proximately $10,000,000 in 1912; metal
working machinery, $3,000,000 In 1902,
$12,000,000 In 1912; typewriters, $3,000,
000 In 1902, $11,000,000 In 1912; engines
of all descriptions, a little less than
$6,000,000 in 1902, $19,000,000 In 1912; cash
registers. $1,000,000 fn 1902, $3,600,000 In
1912; electrical machinery, $5,000,7)00 m
1902, $8,000,000 In 1912; agricultural Im
plements, $16,000,000 In 1902, $36,000,000
In 1912; and automobiles, $1,000,000 In
1902, $25,500,000 in 1912.
One striking feature of this growth
Is the fact that large gains have been
made In exports of machinery to Eur
ope, the other great manufacturing sec
tion of the world. Of metal working
machinery, the exports to Europe
amounted to $2,750,000 In 1902, and $},
333,033.33 in JL912;. of automobiles. $780.
000 In 1902, and $7,500,000 in 1910; agri
cultural implements, $9,000,000 In 1902,
$16,000,000 In 1912; sewing machines, $2,
250.000 In 1902, nearly $4,500,000 lp 1912;
and typewriters, $2,500,000 in 1902, com
pared with practically $8,000,000 In 1912.
■The largest percentage of gain In ex
ports of machinery has been In the
movement to South America, the total
to that grand division In 1902 having
been $4,973,878, and In 1912, $27,268,939.
Typewriters exported from the United
States to South America in, 1902
amounted to but $74,537 In value, while
In 1912 they exceeded $1,000,000; sewing
machines, $350,000 In 1902, against $2,
333,033.33 In 1912; engines, $1,000,000 In
1902, and $3,500,000 In 1912; agricultural
Implements, $2,000,000inl902; $8,750,000
In 1912; automobiles, but $15,363 In
1902, over $2,000,000 In 1912; and electri
cal machinery, $127,697 In 1902, and $1,
500.000 In 1912. The share which ma
chinery formed of our total exports of
finished manufactures other than food
products was 20 per cent In 1902 and
26 per cent in 1912.
FRANK JAMES LIVES
ON OLD FAMILY FARM
Denver, Colo,—Within the last few
months there have come many stories
regarding Frank James, the one-time
bandit. Frank James has died in Ore
gon, California and a few other states,
he has “gotten” religion In the east,
and he has been active generally. And
the queer part about it Is that he Is
alive and In good health, and is spend
ing his last days on the old James
farm a few miles from Kearney, Mo.,
where Jesse James Is buried.
This is the information that Is
brought to Denver by L. Wright, a mo
tion picture proprietor, who recently
made a visit to the farm in Missouri.
When he returned he brought a state
ment with him, signed by various citi
zens of Kearney, and which reads as
follows:
To Whom It May Concern:
This is to certify that we, the fol
lowing citizens of Kearney, Clay
County, Missouri, hereby affirm that
we are personally acquainted with the
original Frank James, brother of Jesse
James and that he is now enjoying
good health and is living on the old
James homestead about three miles
northeast of this city, and we further
more state that he is an honored and
respected citizen of this community.
"I went back to get Mr. James's
opinion regarding law and order,” Mr.
Wright said. “I am the proprietor of
a set of Jesse James pictures and I
had received the criticism that they
were hot moral. X contended exactly
the opposite—that they showed the bad
effects of a life of crime. So I went
back to get some expression from
Frank James on it. He told me this:
“ ‘If any one thinks they can violate
the law and make a success of it,
I consider them insane and their fin
ish will be the gallows or the peni
tentiary.’ ”
Frank James contends that he was
innocent of all the charges of /Out
lawry placed against him. He points
to his acquittal as evidence.
Astrologers find this a day In which to
follow the usual routine of life and to
avoid new ventures of every sort, whether
social or commercial.
The sun. Saturn and Mors are all in ad
verse aspect. They rule powerfully to
•>y:ir<1 the upsetting of the plans of men
; and women, the t iers declare.
TRANSCONTINENTAL
ROAD TO BE COMPLETED
Plans Perfected and Money
Being Raised for Great
Lincoln Highway.
Lincoln highway projects of the past
pale into insignificance beside the Lin
coln transcontinental enterprise re
cently Incorporated in Detroit to suc
ceed Manufacurers’ Ocean-to-Ocean
Highway association of Indianapo
lis. The great prestige of this ven
ture lies In the fact that $4,200,000 ac
crued to It from its predecessor. With
this sum as a nest egg, the fulfill
ment of its mission, namely, the link
ing of a through road between New
York and San PranolsCo by 1915, Is
thought to be practically assured.
The original plan of the manufac
turers who launched the enterprise has
not been changed one lota, save for
the dedication of the venture to Abra
ham Lincoln. This feature was added
as a happy after thought. The baglc
Idea is still to furnish the American
people an object lesson In good roads
so that they will become a necessity
and not a luxury. It Is thought that
the building of one uniformly excel
lent, Indestructible trunk line, through
the parallel and link highways it will
Inspire, will do thore to hasten the era
of good roads than any other agent.
The ultimate sum to be raised is
$10,000,000. With the tour booming
things in the west, and several large
subscriptions ripening in the east, but
few months more are expected to
elapse until the amount has been rea
lied and building operations begun.
Her Majesty of Spain.
"Sir, the Queen of Spain has no legs!”
—Old Spanish Chronicle.
The Rue de la Palx, In its whimsical way.
Ordains that the delicate mold
Of your ankle, Fleurette, shall be barred
tflth a net
Of silk, shot with filigree gold;
And hose of this spidery weave
Are costly, you well may believe,
But before yon begin to complain
■ Just think of the poor Queen of Spain!
When the gusty rains beat on the glitter
ing street
A perilous thing't Is to fare
With Immaculate frills over eddying rills
While Impertinent wayfarers stare,
A dropstltch awry In the lisle
May provoke an embarrassing smile,
But e'en In the wind and the rain
Who would envy the poor Queen of
Spain?
When the Graces commute on the shuttle
train route,
And sprint to be prompt at the play,
The Bklrts which Impede their suburbanite
speed
Must rise—to the need of the day;
With tie-back and hobble, their feet
You barely expect to be fleet.
But better the loss of a train
That that of the poor Queen of Spain.
When, In fine, from the art to which
sculptors Impart
The charms of a marble ideal,
We would turn toward the mold which In
dreams they behold
We And It too rare In the real;
But better the limbs that are thin,
Be they bowed either outward or In;
One would rather walk humbly than
reign
Like the femlplne^soverelgn of Spain!
"Stop, look both ways, listen, and don’t
walk along the tracks.’ 'are Injunctions
that would, In the light of recent pub
lished statistics, materially reduce the
number of fatalities on the railways, If
oarefully observed. The majority of the
people killed by accident are classed as
"tresspassers." Of 10,396 killed on the
railways in 1911, 6,284 were trespassers. In
ten years the total number of deaths by
accident was 61,083, of which only 4,340
were of passengers.
*'■*•*. -u, '
Nice Family, This. --J>"
Wife (reminiscently)—I remtfmber
when you asked me to say the worij
that was to make you happy for life,
how I hesitated.
Hub (grumpily)—Hesitated? Huh!
You never did say It.
■ ' Resilient.
Mrs. Naybor—Well, did you have
some of the spongq cake I sent to the
picnic? ' ,
Willie Nexdore—Yes’iin; we played
ball with my piece.
SHE’S A LEADER OF
SOCIETY IN LONDON
MRS. DUBOSC-TAYLOR.
Mrs. Dubosc-Taylor Is one of the
most popular figures In London society
this season. She is a French woman,
being the daughter of the late M. Du
bose, of the Chateau de Frefosso, Nor
mandy. Her husband Is the son of the
late W. H. Taylor, a rich South Ameri
can, who founded the Buenos Alrea
Jockey club.
The Way of the Transgrhteor.
From the Chicago Tribune.
Charles A. White came to The Trib
une office the other night to ask for
76 cents. He had to pay room rent or
take to the street.
White is remembered distinctly by a
number of gentlemen who will curse
and laugh when they read that he
was necessitous and in such plight that
his ambitions, goaded by need, could
not spur him beyond a "six bit touch."
There would be something fairly
grandiose about a man Who still had
the spirit for a $10 request White
had been beaten down until 76 cents
represented affluence.
The gentlemen referred to will curse
and laugh; will lose something of their
desire to kill him, and wish merely that
they might meet him on, the street,
kick him. and throw a dime after him.
White will be remembered by other
men as the legislator who sold the
story of the Lorlmer election. He con
fessed. H. J. C. Beckemeyer confessed.
D. W. Holstlaw confessed. Michael
Link confessed. Link Is dead. Holst
law lost his bank. Beckemeyer has
disappeared from view. White Is satis
fied when he finds he has money in
his pocket for a room and coffee and
rolls.
White said he was paid money by
Lee O'Neil Browne and Robert E. Wil
son Beckemeyer said he was paid
money by B#owne and Wilson. Link
said he was given money by Browne.
Holstlaw said he was paid money by
John Broderick.
Browne and Wilson are members of
the house of representatives now, as
they were then. Broderick Is a mem
ber of the senate now. as he was then.
There probably are not a half-dozen
men In the assembly who have as much
Influence on legislation as Browne.
Wilson never had any Influence, but al
ways a great deal of good nature, and
he has that undisturbed. Both Browne
and Wilson suffered from apprehension
at one tlm^—Wilson nearly collapsed
In a panic, and Browne spent consid
erable money getting out of his diffi
culties.
His nerve steadied and Wilson was
pulled through before he went to
8leces. Broderick had even an easier
me. He has the sensitive nature of a
clam. He took the affair as a matter
of course, and It may be doubted If
he eve>- thought harshly of Holstlaw.
Certainly he never lost an hour’s sleep
or took an extra drink—except, pos
sible, in celebration.
The way of some transgressors is
hard—and of otheus hard to explain.
8ome Tripping Rhyme.
I’ve never done the turkey trot,
I never hope to do It;
And yet It's such Infernal rot
I’d rather do than view It.
—Philadelphia Record.
I’ve never done the grlzsly bear.
I think the law should Jug It;
When I have got a hug to share
I do not dance, I hug It.
—Houston Post.
I’ve never done the tango dance.
It ought to be amended;
I do not like to run the chance
Of being apprehended.
—St. Louis Post-Dispatch.
. I never do the Boston dip,
I shun the TexaB Tommy,
Because to it I am not hep
Or have the breath knocked from me.
—Chicago Record-Herald,
I never do the single step—
Of pathos Is my case full—
Because to It 1 amnot hep
And I am so ungraceful.
—Chicago Post
I’ve never done the bunny hug,
I think It would be funny.
But such an awful libel 'tls
Upon the modest bunny.
SEVEN SENTENCE SERMONS t
A man’s reputation Is what his fellow
men think of him; his character Is what
God knows of him.—Anon.
I how before the noble mind
That freely some great wrong forgives,
Tet nobler Is the one forgiven
Who bears the burden well and Uvea.
—A. A. Procter.
My spark may grow greater by kind
ling my brother's taper—Jeremy Taylor.
Spend no strength In worry; you need
it all for duty.—Anon.
There Is nothing In this world a human
soul need ever fear except Its own cow
ardice or want of faith.—Seelye.
t Is not growing like a tree
n bulk doth make men better be;
n small proportions we just beauties see,
Vnd In short measures life may perfect be.
—Ben Jonson.
Oh. the littleness of the lives that we
ire living, denying to ourselves the big
ness of that thing which It Is to be a man,
to be a child of God.—Phillips Brooks.
The United States Is the world's
largest' producer of motion picture
films, and the quantity exported dur
ing the year aggregates more than
60,000,000 feet, approximately 11,000
miles, or enough to stretch from New
Yew York to Manila.
YANKEE TENNISER
BEATS FOREIGNERS
MAURICE McLOUGHLIN.
Maurice E. McLaughlin, the Ameri
can tennis champion who is now in
Europe, la beating all the tennis
champs In England. He is hailed us
the world's best tennis player.
McLaughlin heads the American
team which will go to Germany soon
to meet the tennis champs of that
nation.
RAGE FOR GAMBLING
SWEEPING ENGLAND
Passion For Laying Wagers
Seizes Women as Well
as Men.
•
London. Special.—The spread of
gambling among the English people,
both men and women. Is causing se
rious and growing concern. No meas
ures yet have been devised to stop the
habit, which' rapidly Is becoming more
and more of a menace. On all big
races practically everybody, from the
newsboy on the street to the peer In
his motor, has something on his fa
vorite horse, and even on the everyday
race an Immense amount In the ag
gregate Is wagered. Latterly, It has
been disclosed that women working in
offices and restaurants In the city
have become as Inveterate gamblers as
the men and boys. Nowadays both men
and women, during the afternoon
hours, are distracted from their work
by their anxiety over the results of
the races, and employers complain in
vain.
The house of commons, with a view
of curbing this Increase in the bet
ting habit, passed a law prohibiting
commission agents from accepting
money on a bet, but this was easily
evaded by the agents carrying wagers
on a credit system, settling once a
week. As the system works today any
boy with a shilling to bet on a horse
can go to almost any newspaper seller
and get his money down. Another
measure to overcome this condition
was met by opposition from the work
ingman, who claimed for himself the
same privileges and opportunities ac
corded his wealthy neighbor, who can
wager as freely as he likes by either
going to the track or telephoning his
commission agent.
The complaint Is made also that
gambling Is spoiling golf. At most of
the big clubs today members will not
play unless assured of a good side bet
on the result. It started with half a
dollar a round, but at some clubs a
game Is seldom played for less than
125, 250 or even 2100 a round. The
professional, too, who gets his fee for
taking a novice around, now wants a
wager on the result. Even if he gives
the novice all he deserves, the pro
fessional generally can win.
The Heartbreak of Graduation Day.
By Avis Gordon Vestal In The Mother's
Magazine tor June.
"Girls, you ought to see the set of
silk underwear momma Is making me
to wear with fny graduating dress!
Yards and yards of lace, and—” Helen
Marvin was confiding her description
to an envious group of senior girls In
the cloakroom of the Colfax high
school. Mabel Emerson, tucking In a
stray curl before the mirror, flushed
as she heard her. classmate’s bragging
words. Mabe^ could not have silk,
even for her outer garb, and was to
wear a 15-cent dimity because that
was all her mother could afford.
Suppose you were Mabel! For every
Helen, whose parriperlng relatives can
spend much money upon a display of
elaborate white for the great day, a
delicate silk gown for class day, a
dainty colored dress for the junior par
ty, with extravagant undergarments,
gloves, fan, presents and an armful of
American Beauties thrown In, there
are at least four Mabels whose girlish
hearts are breaking because they can
not have these vanities like their so
cial leaders. The parents of the Ma
bels are not less lovlpg, but they
have ‘often strained their resources
and worked day and night to give their
children the educational opportunities
they themselves lacked.
How do the mothers of the Mabels
feel as they burn the midnight oil.
laboring* with work-drawn Angers to
make {he dimity dresses for their dear
daughters ?
Do not forget lank John and freckled
James either. They are to graduate In
the same June—if they can—and they,
too, are “up against it.” A high school
Srlnclpal, telling me who were to form
Is next graduating class, said, ‘‘Jamies
Converse dropped out at the middle of
the year. ‘It will cost me at least $45
to get the clothes and fixings the other
fellows are ordering,' he told me. 'Fa
ther can’t afford It and I'd be a cad to
let him borrow the money as he of
fered to. Sp I'm going to work In the !
carpenter shop with him, and I’ll come
back at the second semester next year,
and graduate with the Juniors.
These arc true stories I have heard,
with many similar ones, when I was a
student, and later, when I was a high
School teacher.
In the Colfax high school a solution
of this vexing situation Is now being
worked out.
The result will be the donning of a
modification of the academic gown and '
"mortar board” cap worn at college
commencement. The cut <wlll bo the
same, but the color will be dark gray
Instead of black. This pretty costume
Is to be used for all exercises of grad
uation week, worn ..over the boyB’ pres
ent "Sunday best” suits and any thin
summer dresses the glrte already own.
As only the narrowest strip of the
dress will show where the gown falls
apart at the front, there is no Induce
ment to extravagant attire. The gowris
are alike for both boys and girls, and
are loose enough to tit any set
of shoulders. The length Is easily reg
ulated by a hand {uck or by letting out
the hem.
There are several plans for procur
ing the caps and gowns. Companies
that make them will ship them for a
week’s use at {2 rental per student.
The rent can be paid by the pupil or
by the school.
The Colfax school board Is consider
ing a more generpuB plan! It Is to buy
the new caps an‘d gowns at a cost of
about *7 per set. and to store them
carefully away between usings. These
will be loaned free of cost to each
class In turn.
Evolution.
(A trifle In the manner of Langdon Smith.)
When you were a Busher and I was the
same,
Back In a Class D league,
And side by side In the battle’s tide
We fought through a year’s fatigue,
Or hammered many a three-base nit.
Or whirled to a double play,
Our hearts were filled with the game that
thrilled
And beckoned us on the way.
And that seems a million years ago
In a time we know not when—
And here today. In the same old way,
We toll In the Bush again;
Our eyes ar«J bright and our chests are
thick,
Our hair Is dark as yet.
Our years are few, our life Is new.
Our souls untried, and yet—
Our trail extends from the Fort Wayne
field
To the sod of the Polo grounds;
We have heard the cheers of a thousand
years
That come as a drotfm rebounds;
But our aims are gone and our legs are
bad.
And here In the cast-off cleft.
Pushed to the edge of the yawning ledge.
What Is the next move left?
The New Currency Bill.
From the Outlook.
President Wilson, for the second
time since his inauguration, visited the
capltol and in person read his message
on the bill to the Senate and House
seated in Joint session. He pointed
out the Immediate necessity of legis
lation for currency and banking re
form; urged that the currency must
be elastic; that It should be chiefly
based on credit or assets; that bank
reserve* should be so managed as
actually to be reserves to be drawn on
j In time of trouble; and, finally, that
"the control of the system of banking
I and of Issues which our new laws are
: to set up must be public, not private—
! must be vested In the government lt
1 self, so that the banks may be the
Instruments, not the masters, of busi
ness and of Individual enterprise and
Initiative."
We cannot too often repeat that we
are in hearty accord with the laat
atatod principle of federal control, and
oonaidar it to be the foundation atono
of a sound and Juat currency and
banking system.
The chief features of the new cur
rency bill are the following: The
country la to be divided Into districts
or regions, at first not less than 12. In
each of these districts oV regions there
Is to be a federal reserve bank. In
which the banks of the region that
comply with the conditions of the law
may keep a large part of their legal
reserve, thus "mobilizing” or concen
trating the reserves of the region In a
simple Institution. Provision Is made *
for the retirement during a period of
10 years of the present bond-secured
circulation of the national banks, and
the substttultion therefor of United
States treasury notes Issued through <
the regional reserve banks and based
upon assets.
The present banks are to be given 3
per cent bonds In place of the 2 per
cent bonds, the value of which at such
a low rate of Interest rests largely In
their circulation function. Simple Jus
tice requires this exchange. The total
amount of national bank notes which
will thus be retired at the rate of $86,
000,000 a year Is about $700,000,000. In
addition, provision is made for the Im
mediate Issue to the banks as needed,
ourrency not to exceed $500,000,000 in
United States treasury notes based
upon assets. This extra Issue Is to be
made elastic by permitting the federal
reserve board to tax it.
Each of the 12 federal reserve or
regional banks Is to have the power to
fix the rate of discount on loans and
commercial paper for Its region, sub
ject to the approval of the fei'eral re
serve board.
The federal reserve board Is to be
composed of seven members, three of
whom shall be the secretary of the
treasury, the secretary of agriculture
and the comptroller of the currency.
The other four members are to be ap
pointed by the president, with the ap
proval of the Senate.
The division of the country into
regions or districts, so that local con
ditions and local needs can be wisely
dealt with; the basing of our bank
currency upon assets Instead of on
bonds; the fixing of the'rate of dis
count by central boards of bankers
with government power to modify
their decisions'; and the embodiment
of the Idea of government supervision
of the whole system, are all steps In
advance In our banking methods.
We hope the bill will be pasted prao
tieally in its present form. '
After It has been put in operation It
will be time enough to discover from
practical experience what amendments
as to details and methods of operatlpn
are necessary.
On the whole, the bill, as It now
stands, expresses the best banking
wisdom and sentiment of Europe,
Great Britain and the United States.
CONGRESSMAN’S WIFE ,
IS A NOTED BEAUTY
I *
MRS. CHARLES R. CRISP.
Mrs. Charles R. Crisp, wife of th«
new congressman from Georgia, is ons
of the hamlsomeet women in the cou
Eesslonal set. She Is a southerner but
.s spent a great deal of time in Wash
ington, where her husband was parlX
mentarian of the House of Representa
tives before,he was elected to the new
oongress,
When yeggmen recently tried un
successfully to open the safe of the
First National bank, at Medaryville,
glass., the explosion blew a telephone
receiver from Its hook. Central sound
ed an alarm.
Serenade.
Btars of the summer night!
Far In yon asure deeps,
Hide, hide your, golden light'
She sleeps!
My lady sleeps!
Sleeps!
Moon of the summer night!
Far down yon western steep.,
■Ink, sing In sliver light!
She sleeps!
My lady sleeps!
Sleeps! j
Wind of the summer night!
Where yonder woodbine creeps.
Fold, fold thy pinions light!
She sleeps!
My lady sleeps!
Sleeps!
Dreams of the summer night
Tell her, her lover keeps
Watch while In slumbers llg .
She sleeps!
My lady sleeps!
Sleets!
t ,
