THE OMAHA DAILY REE: SATUKDAY, NOVEMBER HI. 1908.
12
VANS OS HOW TO SELL CORN !
' I
Telli Amei College Students Beit
lucthodi of Jdercliflndiiing. .
TOUCHES ON DEALS IN FUTUBE3
Mark (iond Haa Come to All 1a
, rnli frnM Sermons Preaches)
,.., llanjerf of This .
Character.
HUES, ita., Nov. jn.Bpeolal.)-E. J.
AScVann. 'secretary of the Omaha Grain
exchange, delivered by Invitation an ad
dress on the "Merchandising of Cofn," to
the atudcnta of the Iowa College of Agrl
riilture at Ame. Thursdsy evening. The
address dealt with "Themthod of hand
ling corn on the cash market by buying and
snlUng through the broker and commission
merchant; the method of dealing In future,
which la the speculative aide of the grain
business." v
On these aubjecti Mr. McVann said In
rttrt
In the rat tirlmarr markets there la a
: areat dlvenlty of interest on the buying
Fide. There are the manufacturers of i
mm products such aa starch, glucose and
hreakfsst foods: the etock feeding con
cerns; the mlllen; the distilleries, and
rost Important of all. the representatives
of the exporters. Some one of these class
r buyers has a place for every grade
cf'rnrn thit la offered and the only un
fnrtun.ite thing about the business Is that .
there la verv little tip top grades.
Heard Maar lerasaf.
You Tnwans have heard many Sermons on
tlile branch of the subject from men who
are an much better qualified to talk about
It than 1 am. that I won't venture more
than the merest allusion to It. Much Im-prnve-
has been made as the result f
their efforts and I am eure we are all look
ing t ... ..rrl confidently to the day when
nobody would dare to offer a lower price
f ir "three corn or better," but will be cont
rolled to make the better price to fit tho
b"Mer grade.
To one unfamiliar with modern mer
chandising methods. It may aeem some
whnt risky for a buyer to make a purchase
of t.0r bushels of corn baaed upon a small
sample or an Inspector's grade ticket.
This risk la minimised by the machinery
provided for re Inspection by the chief tn
apector for appeal to tha grain committee
end by other aafeguards such as tha de
finition in tha rules of fraud perpetrated
by what la known aa plugging, or. In other
worda, putting damaged and worthless
grain In a car and covering It up with
aound grain In such a manner that the
ordinary Inspection will not disclose Us
presence.
Deals In Fatarea.
With regard t8 deals In futures tha
speaker said:
Trading In futures Is very little under
stood outside of tha students of economics
and the men who are engaged In those
classes of business where hedging, so
called, has become a necessity. There ta
need for a more clear and full understand
ing of this very Important side of the grain
business. Take tha case of Nebraska,'
where we will have, when thla year's aorn
crop la harvested, over 200.000,000 bushels
of corn. Let us assume that one-half of
this amount Is consumed within the state,
which will leave 100,000.000 bushela of corn
to ba disposed of for outalda consump
tion. At present prices, this will mean that
somebody must pay to the farmers of Ne
braska about $30,000,000 In good money.
Nobody knowa at the time the corn com
mences to flow to the railroads for sale
and ahlpment Just what Is going to be done
with It. It may meet a ready market and
It may meet a market filled to repletion
with tha offerings of other statea and
countries. If the grain dealer who buys
any considerable quantity of It Is obliged
to provide a warehouse for the storage
of it, to Insure tha property against loss
by fire, and tie up' his money Indefinitely
In the grain, taking all the chances of be-
RELIEVES DYSPEPSIA. IN FIVE MINUTES.
Eat Your. Favorite Food
Without
Fear of Stomach Distreii or
Indigestion.
As. there Is often someone In your !
f.mliv who ,,ffer. n .tt.,.ic o iH.it.!
gestlon or some form of Stomach trouble,
why' don't you keep a case of Dlapepsln
In .the house handy?
This harmless blessing will digest any
thing you can eat without the slight
est discomfort, and regulate a Sour
tttomaoh five minutes after.
Tell your pharmacist to let you read
tho formula plainly printed on these 60
cent cases of Pape's Dlapepsln, then you
will readily see wh'y they euro Indiges
tion. Hour Stomach. Heartburn and pre
vent at once such miseries aa Belching of
Gas, Eructations of Sour Vndlgested Food,
Nausea, Headaches, Dlxzlness, Constipa
tion, and other Stomach disorders.'
WE IMPROVE
HOOK
NO PANOEROl'S
SURGICAL.
i nrM -T i j t i i mi u
OPKKATION-
OF
We will be pleased to give you
If you will call or write.
WE CORRECT AT ONCE AND FOREVER U2aecd?Sl"5nn
t UHtn, OH Hal lOO
large or too long. Pug Noses, Outstanding Ears. Baggy Eyelids. Double Chin
or Hanging Chops. In fact wo Improve your personal appearance.
DR. CLEMENT CO. 1
BOt S. IStn, Oor. Douglas.
Karback Block,
84 Floor, Suite 8X8,
OMAHA, 1KB.
orrxcx Btoxrmst
Dally a. m. to p. m.
Sundays 10 a. m. to 8 p. m.
CHICAGO
1
VIA
ILLINOIS CENTRAL
National Live Stock
Exposition
Tickets on sale November 29th and SOth, December Jet,
2nd, 7th and 8th. Final return limit December 12th.
Tickets and sleeping car
umee, iwj rarnam Mt., Omaha, Neb.
- Ml:, v. J.J7wr5
wide margin to-cover all of these charges
wide margin to.cover
ami rleka.
It was found long ago, however, that
there were always em men who were big
enough and strong enough and possessed
of foresight enough to endeavor to fore
cast the future and to make price accord
ing to tlulr prophecy. With reference to
llils well known fact the eupreme court of
the United States said In an opinion In a
case Involving) future trading that "specu
lation of this kind, by competent men, la
the aelf-adjustmcnt of society to the prob
able. Ynlne la Well Known.
'tis value Is well known." say the learned
Judges, "as a means of avoiding or miti
gating catastrophes, equalising prices and
providing for periods of want."
That is precisely what future trading
does accomplish. A ma,n may buy today
lon.Ooo bushels of corn without any knowl
edge of whether It 1a- to he sold or con
sumed. Ills next step Is then to hedge his
purpose, by which Is meant the sale of
an equal amount for future delivery. The
result Is that he ta guarded against all
fluctuations of the market during such
time aa he has In his poem anion the actual
corn and the contract for the future. If
the price of Ms corn goes up he makes a
firoflt upon the actual corn In hand and a
oss upon the contrsct for delivery In the
future. On the other hand. If the price
of corn goes down he makes a loss upon
the actual corn, but recoups himself by the
profit resulting from hla sale of the fu
ture. It Is the buying and selling of these
contracts for future delivery which makes
the speculative market. They have a aound
bads In law. aa well aa In economics.
DIDN'T KNOW DR. L0VELAND
Pestonlre Clerk Demands Identifica
tion Before Delivering; Mall te
Popnlar Preacher.
It was dear old Joe Jefferson In hla In
comparable rendition of "Rip Van Winkle"
who gave auch a meaning expression to
"Oh, my. And are we so soon forgotten
when we are gone." But It follows for an
eminent Omaha minister to discover the
fact, "Even where we are best known we
are unknown."
Thla axiom was Impressed upon the min
ister Friday morning when he went to
the registry window of the Omaha poet-
office to secure a registered letter ad
dressed to himself. The clerk looked at
him, but did not connect the Inquirer with
the address on the letter and asked that
he secure some friend to identify him.
"Borne one to Identify me!" exclaimed
Rev. Frank L Loveland, D. D., pnstor of
First Methodist chufch and one of the
best known ministers in Omaha, for It
was none other than the popular Dr. Love
land. But the delivery clork Was obdurate. The
minister went into the office of the post
master with his grievance.
The Identification was complete.
DOUBT HANGS OVER F0RAKER
Sentiment Seems to Favor Ilia Itr-
. tlrement, Day Ohio Basl
nesa Man.
J. D. Kilmer, representing the Peters
Herron Dash company of Columbus, O., Is
a truest et the Paxton. ' "I have found
trade conditions greatly Improved since the
election," said Mr. Kilmer, "and a feeling
of confidence prevails everywhere I have
been throughout the west over the election
of Judge Taft.
"We feel a little chargrlned over the fact
that we lost the governorship In Ohio, but
then there are other statea that seem to
have the same cause for grief. I am not
familiar enough with the political sentiment
all over Ohio relative to the return of Mr.
Foraker to tha united States senate; but
there seems to ba a tendency to let him
out permanently at tha close of his present
term.
Soma folks .have tried so- Jong to find
relief from Indigestion with the com
mon every-day cures advertised that
they have about made up their mind
I that they have something else wron, or
"c lne,JT 8 " caae of Nervousness,
Gastritis. Catarrh of, the Stomach or
Cancer.
This Is a serious mistake. Your real
trouble is, what you eat does not ligest;
instead. It ferments and sours, turnn to
acid, Oas and Stomach poison which will
putrefy in the entire digestive tract and
intestines, and besides, poison the breath,
with nauseous odors.
A hearty appetite, with thuioujh di
gestion, and without the slightest dis
comfort or misery of the Stomach, li
waiting for you as soon as you decide
to try Pape'a Dlapepsln.
t One candy-like Triangula, taken after
eating, will promptly digest all your
food, the same ai a atrong, healthy,
stomach would do.
YOUR LOOKS
BANDAGES NO LOSS
T1MK.
any further Information you may desire
883 MT. Fifth Strst.
Hurlburt Bldg.,
Bnd rioor. Suite 1U,
SJiS XOXVEa, IOWA.
ffCnsHEs'iJ
& STY
, y
NO
AND RETURN
,00'
reservations at City Ticket
LIGHT OS SHADY BANKERS I
The Man Who Preisei the Button and
Exposei "Big" Thieyes.
WIZARD AMONG MIXES ACCOUNTS
Work of Kdwarn P. Moxey Bookkeep
ing Expert and Star Witness la
Government CasesA Kot
abla Record.
Among the many noted sleuths In the
service of the United Btatea, the one'
above all others possessed of an un
rivalled collection of distinguished scalps
Is Edward P. Moxey, Investigator of
crooked banks and star witness in the
prosecution of shady bankers.
Mr. Moxey does not make a fraction of
the noise made by the lawyers In the
cases he Investigates, hut he Is the main
stay of the government In securing con
viction. He Is a holy terror In chasing
shady transactions through bank books.
8o thorough Is his knowledge of book
keeping and so keen is scent that precious
few big crooks escape this wlxard of high
finance. Some of his fine work In the
west was shown In the winding up of
the bogus "home companies" of Kansas
City, two years ago, and In the prosecu
tion of Banker Walsh of Chicago last win
ter. Mr. Moxey. was the chief witness
In the successful prosecution of Banker
Morse In New Tork, and is now un
tangling the muddled accounts of Cop
per King Ilelnxe, whose excursion Into
Gotham's speculative banking ctrcles
proved so disastrous.
"Every caae is handled according to Its
nature," said Mr. Moxey in an Interview
In the New York Evening Post "There
Isn't any routine rule by which vou can
say that you undertake the straightening
of a bank's books. When there Is some
thing wrong, and I am called upon, I
simply got down to work on the books
and learn what's been happening. That's
all there Is to It."
It sounded simple enough, but the In
quirer didn't understand. Aad what he
finally did understand, after further ques
tioning, was of the most general charac
ter. It would take another expert to
comprehend Mr. Moxey'a explanations In
detail, if he had the time and inclination
to give them. For the enlightenment of
his unskilled Interviewer, however, this
was the way he summed up his work:
"On starting an Investigation of a bank
wherein there has been criminal work,
I know that Ono of three things has hap
pened: The robbery has been done by
loans and discounts, in the name of the
principal or somebody else; or It haa
been done by falsifying figures in the
books, for example, the entering of false'
withdrawals on the depositors' accounts;
or It has been accomplished by the actual
taking of cash or securities. The third
state of affairs the actual missing of
assets Is rare; for the cash and securi
ties are counted regularly, and It is not
difficult to keep them counted up accu
rately, so that a man attempting to take
them away runs a risk of Immediate and
almost certain detection."
An examination of the books, he explain
ed, would show which method had been
adopted br the culprit. Thereafter It would
be a mntter of getting the evidence In
shape for presentation before a Jury.
The Trouble In Nevr Tork.
"How can you wonder at bank defalca
tions in this city of yours," said the expert,
"when you consider the life of the town?
Look about you, and you will find an ex
planation why men go wrong. Watch the
pace the luxurious hotel life, the expensive
restaurants, the gambling houses, the pala
tial apartments, the turning of night Intj
day; in short, the whole chase after excite
ment. It Is a life requiring a flood of
money. Only with vast Incomes can sush
a life be lived.
"New York Is to blame. The losser cities
take their cue from the biggest. Extrava
gant living springs up elsewhere, In Imita
tion of the mode here. The young banker
in the small town, on a visit to New York,
discovers that he haa not been playing the
Iccse game of some of his fast living con
temporaries here, and on his return home
le sees things In a different light. The
dream of sudden wealth, acquired In the
rretiopolis, may be his undoing.
"I say seriously that the attitude of trus
teeship has suffered a shocking change !n
recent years. Whatever, the cause, there
are cycles of honesty and cycles of dis
honesty. The present Is a cycle of dis
honesty, with Its cause in modern stand
ards of enjoyable living."
Mr. Moxey has met criminals of all aorta
! and grades In his visits to national banks.
I In recalling a number of officers who. had
"gone wrong" he mentioned a half dbxen
who could lay their downfall to speculation
I In stocks or cotton.. He has had cases In
j every section of the United States and his
j ultimate judgment Is tTt human nature la
not much different In one climate from
what 11 Is In the others. Another conclu
sion he has reached Is that no bank presi
dent or cashier can misuse the Institution's
funds without one or more clerks being
aware of the fact.
"If the' clerks would do their full duty,"
he said, "there would be fewer cases of
defalcations. And let me tell you that
many a clerk, in taking his first wrong
step, has got the impetus from seeing the
lax methods of his superiors, watching Uio
loose way in which the bank has been
managed. The marvel Is that, under such
conditions, more subordinates do not suc
cumb to temptation."
Mr. Moxey, besides being a government
employe. Is president of the Edward P.
Moxey Audit company in Philadelphia. He
has a certificate as a certified public ac
countant in Pennsylvania, which is the
state where It Is most difficult to get such
a license, owing' to the difficulty of the
examinations. His son, also an expert, la
In charge of the Philadelphia audit busi
ness while the father Is doing the New
York work connected with the Morse and
Helnse cases. J
Aeronnts He has C ntanerled.
Before the panic of 1907 caused the orjsin
of the recent New York entanglements Mr.
Moxey already had a reputation far and
wide among banking men. It would tak?
a big book to tell the story of all the mys
teries of figures he has unraveled. The
bank robbers he has helped to punish have
had their day In every atate from Maine
to California. Some of them were "little
fellows,'" but the government goes aftr
that kind as relentlessly as it pursues tfve
great offendeis; others were men of hardly
less daring than Charles W. Morse, thougn
their oixratlons had a less widespread ef
fect, and hence their conviction brought the
ferreting talents of Mr. Moxey less Into
the limelight. ,
Probably the most picturesque case with
which the examiner was connected prior to
1JT was that of William E. Breese and the
First National bank of Ashvllle. N. C. It
was one of the few that did not end In final
Imprisonment for the accused. The re
markable part of It was that Breese waa
charged with getting away with more
money than the combined capital, deposits
and prospects of the bank.
The institution had a capitalisation of but
$100,000. Breese was president and owned
9u per cent of the stock. As waa shown at
the trial, be aent hla agents about the
countryside and got the signatures of many
'.gm.rant men to blank notes.. Whenevar
ue named money tie filled ta these nute
t
t
TURKEY
And every day next
i
Snarmv.
fVjT ; f I
War
Big Reductions on All
LADIES' CLASSY
WINTER COATS
Made in "this season's latest
styles, in blacks and colors,
all sizes. Semi-fitting, em
pire, directoire and tight
fitting models shown. Gar
ments all run full 52 and 54
inches long. We will sell
just 50 of these coats that
should bring $27.50, on sale
Saturday, special for- cash
or easy payments
X
Then. If ho wanted more, he hypothecated
tha paper and doubled his cash. He bor
rowed tha entire capital and deposUs of the
ba, k.
Aa a final means of feathering; his nest
he decided to sell the institution's building.
It was worth about $10,000. Breese found a
purchaser who was ready to put up $20,000
and shoulder a mortgage for tho other
$20,000. It was arranged by Breese that
this was a second mortgage. He managed
by stealth to negotiate a first mortgage
for a like sum with another party , and to
slip in an additional $5,000 on the second
mortgage of the original purchaser. After
raising cash on the mortgages he at last
got $(15,000 for the building. It was esti
mated that by this time he had stolen
about $350,000. Even Mr. Moxey, accus
tomed to big sums, thought this was doing
rather well under the circumstances.
Breese was convicted on the first trial,
but tho federal circuit court of appeals
freed him on a technicality. The Jury dis
agreed on the second trial. Again, at the
third uttempt, there was a disagreement.
Then came the fourth trial, and another
conviction, but once more the prisoner got
his liberty because It was found that one
of the trial Jurors had not paid up his '
taxes, and In. North Carolina such derelio
tion renders a man Ineligible fur Jury
duty. So In the end, with the aid of the
legal time limit, Breese went free.
Reading- of Crime In Ledgers.
It waa not Jhe fault of Mr. Moxey, how-I
ever. In each trial he showed, through his
wonderful readings of the ledger entries,
how the bank's money had gone. In many
another case has he done this, landing upon
a trail In the midst of complicated figures
which baffled other expert accountants.
It was he who Btralghtened out the mud
dled accounts of the Chestnut Street Na
tional bank In Philadelphia, the Commer
cial National of Nashville, and the Second
National of Columbia. In the case of the
Fort Stanwlx National of Rome, N. Y.,
after the almost trapped cashier had com
mitted suicide, the examiner untangled the
booka that the man had left in a aeemlngly
hopeless mixup.
Then there was the Union National of
New Orleans, from which two bookkeepers
had stolen $000,000. Moxey was ordeTed to
the scene. One of the bookkeepers beard
he was coming and killed himself. Many
papers and books were missing. But th)
investigator put the missing links together,
with the aid of those that were left, like
an archaeologist deciphering hieroglyphics,
and brought order out of chaos. The direc
tors learned from him finally Just how
much money had been lost, how It was
taken, and where they stood.
There have been few cases Wherein Moxey
failed to clear up all the myatery before
he completed his investigation. It has been
said Of him that. If It were possible to con
vict anybody, he invariably caused the con
viction, without, however, tnuklng efforts to
fasten guilt upon men seemingly Innocent,
and without losing his reputation for fair
ness and willingness to keep the honest
man out of trouble. It has been one of his
theories that an honest banker often makes
banking mistakes is guilty of "bad .bank
ing" without being dlshor.est, and he Buys
ha always makes sure not to attribute crime
to such as should not have It laid at their
doors.
' Adding Machine TrU'k DlM-lusea.
Many and devious are Hie ways of the
bank defaulter. They have even learned
to tamper with adding machines, so aa to
alter results at the bottom of the column
without apparently changing the record of
the paper. That waa what the wreckers
of the Enterprise National bank of Alle
gheny. Pa., manuged to d . They got awy
Ua 1,VU0,IM before Mjx; Kd the sue-
Sp 9.5
mm
16I1J & TABNAM
(The Peoples mrnltare
S FREE SATURDAY
week until Thanksgiving with each
and every sale of $10 or over.
Cash or Credit
Hero is an opportunity to get a turkey without one penny of
cost to you by this plan those persons who buy from us get a
DIRECT BENEFIT impossible to secure elsewhere. This is
an annual affair with us WE GIVE THEM AWAY FREE.
This offer applies only to purchases made in OUR MEN'S
AND BOYS' CLOTHING DEPT. Buy your clothing, gloves,
furnishing goods, etc. here and get a turkey free.
Men's Fiae Suits , Overcoats
stylish and serviceable garments, f
styles strictly up-to-date, materials all the
latest, our special prices during this sale are
s $20.00, $15.00, $12.50 and
T
Buy Your Thanksgiving Clothes on Credit
1-5 Off
Ladies' Hats
We must have room
in our Millinery depart
ment for Holiday goods
and we know tomor
row's price selling will
effect a quick clearance.
Come early, Please.
All Goods Marked
in Plain Figures
mamammaaasaamamm
"essful pursuit of their trail. Five of tbe
thieves were shown up. More than one
lulclde resulted, not to mention scandals
hat arose around the names of families
iiltherto respected In western Pennsylvania.
Lear and Black, brothers-in-law, who
were the president and cashier of the
Doylostown (Pa.) National bank, went to
the penitentiary through Moxey's efforts.
Another of his famous cases was that of
the Keystone National of Philadelphia. In
that concern was Gideon W. Marsh, presi
dent. When the doors were closed he was
arrested. He had many friends and ball
was easy to get. Marsh fled to Braxll, at
about the time Dom Pedro was deposed
from the emperorship. There was no ex
tradition treaty between thla country and
Brazil and Marsh might have stayed there
Indefinitely, but he grew tired of being
watched by the detectives and escaped to
Africa. Homesickness seised him there, ap
parently, for he slipped back to the United
States and went to work aa a day laborer.
A newspaper advertisement inserted by a
friend, calling upon him to return to Phila
delphia, caused him to go there and sur
render himself to the authorities.
Mr. Moxey has served the government
principally as an aide to the Department
of Justice In getting evidence against bank
defaulters out of the books of the robbed
Institutions, but he had been sidetracked
occasionally to other service of similar na
ture. The Interstate Commerce commis
sion is indebted to him much for his help
In discovering faulty railway accounting.
And In the Oaynor and Greene case, con
cerning the army officer and contractors
in charge of Savannah harbor work, he
traced the vanished money for the federal
prosecutors.
Tbe examiner is a native of Philadelphia,
where he was born In 1849. .His white hair
Is the only sign of his years, save a slight
stoop, caused by much bending over led
gers, for he walks and talks with the ener
getic vigor of youth. On the witness stand
at the recent Morse trial he testified so
rapidly that Jury, lawyera and Judge had
to atop him periodically to catch step with
Q(Siyi)lMM 1
r' JvwiiwrgiijitffliiJ!i8 1 if
STREETS. OMAHA.
ana Carpet OoH Sat. 1887.)
Men's CiTcnr ttcs,
For Ooata,
Duck and Lrnthr-r (
Coats,
Men's Shoes,
Men's Hats,
Men's Shirts,
Ladies' Apparel
LADIES SMARTLY
TAILORED SUITS
Long coat styles in blacks,
and all this season's desir
able colors, made in empire
tight-fitting and directoire
models Elaborately trim
med with large buttons, and
black satin bands, coats
have those much called for
slashed sides that are now
so very popular. Suits posi
tively worth $30, on sale
Saturday for
his llghtnlnfcr deductions and Intricate cal
culations. COST OF AIRSHIP RUNABOUTS
One War of Getting; Up In tbe World
Within Keaoh of the Med.
rate Paraa.
A serviceable airship is actually cheaper
than a fast automobile or even a fancy
horse. If you are going In for the dirig
ible type of airship your machine may be
purchased this season for $1,600. It will
carry two passengers and do about twelve
miles an hour. It may be kept In your
private aerodrome at slight expense, and
brought to your front door at any time
at a few minutes' notice.
One of the novelties of the season Is a
convenient little aerial runabout or motor
balloon which brings air flights within the
reach even of those who cannot afford
motoring. The new airship is fitted with
a pair of cones; they may be attached to
an ordinary balloon, thus converting It
Into a dirigible type. The motor is at
tached to one side of the balloon car
while the rudder extends outward from
the opposite side. The airship will run
J from eight to twelva miles an hour, carry.
Ing two people. The runabout Is an Ameri
can Invention. It costs but $800.
One may drive his own airship, aa he
would hla auto or carriage and thus do
away with his helpers. Just as he would
economise on chauffeurs or coachmen. If,
on the other hand, he wishes to escape
the drudgery of tuning up his airship he
can obtain experienced helpers for $16 a
week, who will prepare the gas, Inflate
the envelope, prepare his engine, and Warp
the airship In and out of the aerodrome.
Two such helpeis will entail an expense
of $120 a month. A man who wishes to
maintain a fashionable carriage la obliged
to pay a coachman $50 a month and a
footman $20 more, while their board would
be worth $40 a month all told, $115. For
automoblllng a good chauffeur will cost
from $26 to $36 a week.
A comparison of the cost of running an
tl
WE ALSO CARRY
Men's Nerkwear,
liadiew S!i os.
Hoys' Clotliinic,
Men'g Work Sliirt,
Men's FurnlHhhiRs,
Etc., Etc.. Etc.
airship, an automobile, and a flno horae
also shows that the air craft Is en cconnnjg
cat form of amusement. It costs abour3
to Inflate a small dirigible, but this ex
penditure only comes once In several
weeks. A single Inflation will suffice for
1 a number of flights, while the escaping
gas may be renewed at slight expense. On
the other hand a pair of pneumatlo auto
i mobile tires cost from $60 to $100, as they
I must frequently be renewed. The antomo-
bile having a much more complicated ap
paratus, has many more things to get out
uut of order and needing repairs or com
plete renewal. The expense of shoeing a
horse and doctoring a horse will, of course,
be somewhat less than the rralntenance of
an automobile or an airship.
The actual expense of propelling an air
ship is less than in the caBe of an autp
n oblle or even a horse. It has been sac
culated that the cost of gasoline per mile
on a touring automobile is between S and
1 cents. The ccst of fuel for the
elrcMp per mile Is scarcely one-half this.
The fuel is, of course, the same In both
ciMs. Incidentally, it is the recognised
etiquette in air navigation for the guest
who is invited on the flight to pay for
the gasoline. It is, perhaps, a picturesque
survival of the eld ui attics of i cuait In
riding in the past to pay the toll. The f
cakulatiir.is are made on the assumption
that the airship Is kept In one's private
Jiiodome. the automobile in the private
aatage and the horse In one's private sta
ble. New Vork Times.
A Look Ahead.
In due process of time the battleship had
reached the utmost limit of its develop
ment. Likewise the manufacturers of deadly ex
plosives had perfected machines capable of
blowing a whole fleet out of water at any
lUIHginUUlH UlBlUlll-f. ;
I In great haste the powers summoned a
I conference. !
! "What's the use of carrying the thing
any farther?" they said. "War has beconiu
iso appalling and expensive that we can't
afford to Indulge In It any more."
Seeing that tiie Jig was up they reluctantly .
Inaugurated the era or universal peace.
Chicago Tribune.
St..-"- . .
.mi).
i