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Pubtabea Dally Except sun ates to Tho the United States id Cana Mateo od ne et h VOLUME 52 coecveeeeees A CHART OF ya ST how much inflation there i poration is known from the re of Corporations, and The E Saturday against a real value of # only, although the biggest, offende: + 83.50 stocks and bonds in assuming the burden of finding dividends for paper values and then passing the load along in higher prices. | The table below shows inflation working out in twenty other For these the real valuation has not been appraised combinations. iu a Government report, but it has Exchange. prices at which they sold during the last week: | |] THis DlAmond, Value at Cur- BuT NOT AS Company. Capital, rent Quotations. | BEAUTIFUL Allis-Chalmers Amalgamated Copper . American Ice Securities. American Car and Found American Can American Cotton O11 American Hide and Leather American Linsecd.. American Malt . . American Smelting and Refining. American Woolen... The Butterick . Central Leather Colorado Fuel and Iron Corn Products Refining. International Harvester . International Paper.. National Lead ..... Union Bag and Paper.. United States Rubber... Here, then, is another batch of the “undigested securities” that have taken the edge off enterprise. trying on one dollar's investment to pay dividends on seven dollars of commitments. Most of them are capitalized at twice their appar-| vot assets, their common stocks representing what in high finance is called “good will” or “voting power,” and in other circles wind or water. There is nearly half a billion dollars’ difference between >the face value of the stocks of the investors actually discern in them. For cnly one company in the twenty is market value above face | value. That is the International bacco and Stan what other combines have vainly water by substance, and has done so by the grace of favoring tariffs, patents and a control of the market which lias enabled it to hold up the consumer. From both phenomena of inflation the country has suffered— from the trusts which have been u have brought loss to holders of their securities, and from the trusts which have done what the others attempted and so have done wrong | to consumers of their products. In greater volume than is imagined, however, the securities of these companies have never found bona fide investment. They lie in brokers’ offices and are pledged against | loans used in speculations the object of which is their unloading. | Through them the passive money deposits in banks—is turned into active money, In the campaigns against fiat money and free silver the country wrote into its proverbial philosophy a wealth of maxims declaring the vanity of inflation, the imperative need that value should be behind tho evidence thereof, whether it be a paper or a silver dollar. * So should value be behind a stock certificate, and it is sound eco- nomics for the Government to take Che See ero. by the Press Row, New 3. ANGUS SHAW, Pros. and Trees Jose? 63 Pork Row. -O1 Tew York as Becond.Claee Matter, ign sets the Fos Once cing) For enmand. and the Continent and or on One Year.. 80| One Month ivening World cited the figures 000,000, But the Steel Trust is ngt the, The second column of figures tells the value of the total stock securities of these companics as computed on the highest 6,000,000 $2,369,000 82,000,000 | 19,043,000 3,700,000 | 60,000,000 40,000,000 | seve 82,466,000 40,785,000 | 30,435,000 18,995,000 | 24,500,000 3,340,000 i se 00,000 5,830,000 + 14,390,000 3,940,000 + 100,000,000 86,000,000 + 69,501,000 43,650,000 12,000,000 3,720,000 29,570,000 ‘ 11,500,000 + 80,900,000 27,000,000 + 140,000,000 157,400,000 + 40,000,000 12,750,000 + 45,213,000 35,456,000 LeT Me Pur THIS ++ 27,000,000 7,610,000 NECKLACE OF seaseee 76,000,000 61,066,000 | ard Oil it is in a class by itself in that it has done, Qublishiag Company, Nos. 63 to 63 or 3) ° "es oo All Countries tn, Ye ae ry NO, 18,333 | INFLATION. | ¢ in the United States Steel Cor- port of the Federal Commissioner to the amount of $1,468,000,000 rt against good economic practice been approximated on the Stock PLEASE AccEPT Some of these combinations are twenty companies and the value, Harvester Company. With To- | sought to do, It has replaced nable to keep their promises and y : of the people—their savings, the and put to hazard- Copyright, 1911, by The Press Publishing Oo. eit ie! Now York World), one of my dearest friends, Stryver graciously. Jarr murmured that they oT ‘HIS 1s Mrs. Gabbit of Bro steps that assure it. Im the World Almanac. the Editor of The Erening World: ‘Where can I secure information re- to an appolotment, &c., for ad- to the Naval Acadamy at ? Tato eure there are plenty men who woud consider the information very valuable. AG Chances is Callforata, ‘Te the Pitter of The Fivecing World: think others as well as myself would Interested if LE | ‘The Carpet Cost Acain. ‘To the Baker of The Brentng Warkd: In response to the query to the cost of carpeting a room 15x70, the car- bet being @ techas wide and costing & a yard, I ghowld ike to offer the follow- ing solution: 15x 2—800 fect, 30x 14—-43,- 20 inches, 2%x2%—=072 Inches Thus $51.5559 ln the cost of carpeting the room, THOR, J, COSGROVE. Wauts to Be a Farmar. To the KAitor of The Wortd: I would lke to take up farming, 1 am a young man of twenty, and 1 don;t know @ @004 place to start, Ihave & small capital to start with, I wish wome kind and experienced readers would furnish me briefly with sug: ions and with an idea of prices of Procuer, also telling me which branch fe test to follow, Other would-be farmers may interested in the re- plies, JOBEPH F, Rev, 90, Fe the Raton of Tag Rawing Worst What ta tha date of ‘Tihamcegiving Dey this year? Tv. P, Aa Vaeuty son, othe Bator of Pas Brexing Waitt: What wise parent can adviso ma what te do with my twelve-year-old boy Give him good advice and he acts Letters From the People were pleased to meet Mrs, Gabbit of Brooklyn and ‘he latter sald “Charmed, T am sure.” Mrs, Gabbit was @ tall, thin woman with black, snaky eyes and a smile like a knife, ‘One of the Barone: Von Holstein's spies!" whispered Mrs. Stryver aside to sociates, and he increases the number, Mra, Jarr. “That woman {s just mad and extends the time of his visits to, with mortification and rage because my them. He stays away from homo parts Boclety of Ethical Advance has created of and whole nights, run away to other such a furor, I-knew it when she wrote towne and cities at intervals, plays|me a sugary letter of congratulation.” roughhouse at homo and at school,| “The gay, the gay, the festive scene” makes and breaks promises and is any-| was in the Cerise room of the Hotel St. thing but # pleasure to ue. PARENTS, | Vitus, where, preparatory to the doings, Where the “Du | groups of overaressed women, none len” Belongs. | re junder thirty and many over fifty, gab the Bier of The Brains Word: | bled at each other about the weather, One of d | Gite reid the new styles and the latest fashion~ ee nfl Able divorces, each one saying her say nest, careful and painstaking and not listening te, tf ethers. Pica allel gai coy that men dis-) Mire, Jarr darted @ifie @ kroup who , Politica, do. If this con-| wore discussing the outed@ags and short- dition existed in the particular office | comings of her young friend married to Feferred to it does not point out that! an old husband, Mrs. Clara Mudridge women generally are the equals of, men| smith; and she was soon talking six- im business. I am quite confide: 5 Almost if’ not every aercate Peale Aner ie pe GER AB: OUHALS RE UE held by @ woman in business could be | == filled by a man. But there are thou- No Sands of business positious held by mea fn which women could not be used at all to advantage. 1 do not think women @re as competent to do things on their own initiative as men. Go into certain wholesale district and you will find women on the ationary jobs only.! They could not hold out in the hustiing, | bustling positions that call for men No, women are no more fitted with the dificult problema in Business than they are to go to the front in times of war. Of course you will find exceptions, In the long run the| burden wil find its way to the! shoulders of the man, where It belongs. | CLERK. \ t Room Eno gh. mites Wen: most daya furnish dea) walking © Taat means by wals-| ing, yout readers can save ductors bits. | No cura of prevention 14 hate aa potent | & brivis jong wale on @ brisk coot Wats stony feirty fast, Keep the shoulders aquared, chest out, its Mps shut, It ls the grandest, healthful. jest exXercive knowa, “Do you think all mankind will ever get ite rights?” Gtrectiy oppesitea, Warn him of iv ua PupusTnian, | ity.” “Not with our present Jall capao Such Is Life! By Mauric How 1 GORGEOUS ¥ HOW MAGNIFICENT! OPP [rasmilsy the others, leaving Mr. Jarr bewildered and marooned. “Bo: aweet of you to come!” purred Mrs. Stryver to Mrs, Gabbit, the Bar- oness Von Holstein'a secret service scout. “You got your invitation all iright, way out in that Sagebrush, or what the name. “Flatbush,” corrected Mrs. Gabbit with @ menacing simile. “Oh, yes, dear, it came to hand. You know those dread. ful carriers never delay anything that jan’t of any value. Oh, dear me! I I-ahem—you know Mrs. Stryver knew what she meant well enough, and she only amiled back @ bitter smile in kind and said: “Well, I'm so giad you recetved it. Strange, ien't it, but I had @ presenti- A A wife te the win in the race of life. looks so easy until you try it. have no intention of buying a car. Wives are like automobiles; away, or blow you up. amash-up, HSH LA HAHAHAHA BAAAAADIAIAASAAAA AAA M e Ketten. Your. COMPLEXION EXCELS THE COLOR oF THOSE ROSES, Miss AS WHITE AS Nour BEAUTIFUL HANDS, Mr, Jarr Witnesses a Weaponless Duel WRE RPP PP PPP PPR Pee rrr ment it might not reach yo! "So kind! of YOU to come, though, ‘This was not as strange as one might! murmured Mrs. Stryver. “I understood think considering that Mrs. Stryver hadi you always rode ou. with the Baroness never sent an invitation to Mrs. Gab-|on Mondays too!" bit et all. She had sent one to her arch| This shot hit home, put save that the enemy and rival social promoter the|Spartan Mrs, Gabbit blanched ‘nder | Baroness Von Holstein. This was tj her make-up she never flinched. crush the iatter by the actual presence} ‘And I was so busy to-day, too,” Mri of Prof. Ponsonby Pomfret of Pompton. |Gaboit went on with @ murderous grim: The Baroness only promised her lec-|ace that she thought was a smile, “I turers and entertainers {full reports in/toid the dear Baroness all about it. The the newspapers. She got second quality! dear thing has no worries of that sort— people after awhile. Mrs. Stryver knew /servants, you know. The a better way. She paid her people. occupying as she does a suite at the “And the dear Baroness Von Hol-| Hotel St, Croesus, only needs her per- stein,” sald Mrs, Gabbit,. “she cannot | sonal maid.” come, She has such an important mat-| “jg ghe atiil at the St. Croosus?" ter to attend to to lay. Mondayé she!aexed Mrs. Stryver. ‘I had heard the drives her Chow doy through the park, /st, Croesue had gotten a man press Reflections OF A Bachelor Ciy arelem iIRowlandes Copyright, 1911, by The Press Publisiuag Co, (The New York World.) “(AUTOMOBILE NUMLER.”’ UTOMOBILES, like marriage engagements, are skirts, how to buy food within their of just two knds—the quick and the deadly. |means and prepare it palatably,” re- plied Mrs, Stryver, “You know, I am} straight and narrow path—the brake, that prevents | him from going down hill at the speed limit, When a man aclects an automobile he picks out a runabout, a touring car or a racing machine; but when he selects a wife he wants one that will climb all the matrimonial hills, carry all the luggage, never pun:ture his temper or his pocketbook, be good for a “century' run. and helo him to Oh me, oh my! you know.” agent.’ | Mrs. Gabbit affected not to hear this. | “And as I was telling you, my dear,” she purred, iclly, “I toid her that really | I had no time to come to your after noon, as I was looking for a cook and| @ housemald, as we go to housekeeping | soon, And sho sald, ‘Then you MUST) wo to one of Mrs, Stryver's alfair #0 very sudtle, you know!" “She thought it was my ‘Home Help’ afternoons, when I have capable teachers of domestic sclence instruct poor women, you know, tenement’ peo- Die and the housewives from the out- told that if you take an cight-cent shin- bone and cook it ten hours tn one of those new patent cookers—every poor family should have one—with full) equipment of aluminum vessele they only coat #38" “Really, you know, I never inter mynelf in how ‘the other half lives, alg Mrs. Gabbit. “Of course, I can steering gear that keeps a man in the “A manner of a chevalter, Gen, Edward Leslie Molineux: He was a major in the National Guard of New York when the civil war eom menced, yet he enlisted as a private In the Seventh Regiment and hurried away to the front in April, 1801, Molineux immediately began to raise anoiher regiment: general and in March, 1865, wa ceeded Gen, U. 8. Grant In 1884 as commander of the Ordor of the Loyal Legtom: Donaldsonville, Martinsville, New Iberia, P burg, Halltown, Winchester, Markettown, Cedar Creek, Fisher Hill, Berryville—trom the sioner of Exchan, Richard Taylor, t Confederate commander of the Trans-M| Banks commanded the Union forces there. fanged at Salt Mine, Vermilion Parish, in the heart of the old Acadian country of Louisiana, q will be made, a white flag is put up, and then you go and sit down pleasantly with your enemies and talk over things in the manner of gentlemen. quartered tn the ho Southern woman, a good hat ft was her absolute duty, owning a great plantation, but because of the war ehe had now only the barest necesaities of life. offer me to eat. molasses, a very curlous drink. She hoped I would ilke the corn bread. of Yankees and who seemed to like me. of the M! |! don't know what she meant, she 18] oe t)—-1 was to be maid of honor—and Copyright, 1011, by The Ire Publishing Co, VI.—Gen. Edward I, Melineux Exchang ng Prisoners. FTER fifty years, I have in mind Just good will to the Confederates.” This was the answer of Gen. Molineux when, In his home in Brooks lyn, T asked him what was uppermost {n his memory of the great War A soldier of many battles is this man of small frame, steel muscles and the He was born in Londow tt trong face, the marks of Norman ancestry 1833 and one may easily see, in his When the regiment came back, after three He became brignétet breveted major-general cf volunteers, He eve Here are some of the battles in which he fought: Paton Rouge, Port Hudsen e Mill, Marksville, seg wisiana bayous to the Shenandoah Valley: @aid he, in his softest manner, “when I was a Commis In the early autumn of "6 tn Southern Louisiana, Gem gon of Gen. Zachary Taylor of the Mexican wa ipp! Department, and Gen, Nathantel An exchange of prisoners was ar “I remember best “You e, In prevaring for an exchange, @ place is chosen where no attack I was e of Mme, Cade, a lady of the old Creole regime, a proud , seorning ‘Yankees.’ She epoke to me only when Her negroes waited on me, She fad been very wealthy, Bhe apologized, In a queenly way She mentioned that the coffee was ¢ for the little she had te mpounded of gunpowder an¢ “But she had a little daughter, Letla, aged ten years, who was not at all afrate You see, none of the things brought frem Europe by the Confederate blockade-runners reached the Southern people wom Ppl, and wo this little girl was dressed in an old patched blue froeks. she had no stockings, nor shoes, but only sandals made of cottonwood and lace up to her knees with oli twine and fastened with thorns; the thorns soratehet her little leg: “One day I found a pin in my clothes and I took out a thorn from her @rew and pinned it with a pin, She was delighted, so I sent to our lines for @ pap@ of pina, and I dangled the paper before her, She was dazzied vy such riehes. I eaid—'the pine are tor you!’ “In ect ll give half to mamma and the other half © Aunt Lydta who liver ten miles away!’ “She rushed to her mother with the pins and ran outdoors and sprang wpee her pony and rode away with the pins for her aunt. “Then the mother came to me with the first softness I had seen tn her face, and holding out hor hand to me natd with exquisite courtesy and feelings ‘Bir, 1 thank you for the pins} You are, indeed, @ gentleman!’ Well, well, @ fine lady! “Bo we went on with the preparations for the exchange. Major Wolls of the Confederate Army, had charge of making out thelr rolls of prisoners, and my orderly made out my list. Now, the Confederates had long been out of writing paper, They used wall paper, torn from the walls of houses or found in bales, to make out thoir accounts, and Major Wells brought wall paper and old scrape of any kind—fy le from books—to make out his list. I sympathized with him and sent my orderly to our lines and got three reams of writing paper, which 3 presented to him. This generosity on the part of the United States was acknowh ofiged in @ note from Gen. Taylor himself, in which he wrote: “Your courtesy in furnishing writing paper, of which we were short, was @ godsend to us poor devils, We have had enough left to write to our wives an@ sweethearts. As courtesy must not all come from your flag, I have instructed Major Wells that he shall pay you, in extra prisoners, a number of men Ret exoveding three, to be handed over to you, not being counted, this pumber belag at the rate of one man for every ream of paper you supplied to u ow, these preliminaries being closed, the day of exchange arrived. Ows flag was eot up in a cloar space, and about 150 feet away a Confederate flag was set up. Between the fags, myself and companion officers engaged in. coure teous talk with the Confederate offic Then the rolls were called and eaeh prisoner answered his name and marched ecross the neutral ground and took tis place under his own flag. “All was going charmingly when there was a wild commotion in the Confe@- erate lines and @ Confederate officer on horseback came tearing at us—under the influence of liquor—w pistol In each hand, howling and swearing frighttully— ‘Where 1s that Yankee?’ he shouted, meaning me, and he fired with both pistole at our flag, His first bullet tore off part of the ear of one of the guard of the One Hundred and Sixty-fitth New York; bis second shot went into the herse ot one of my companion officers. ‘ “Down on me came this wild man bent on murder. Instantly the other Con- federate officers threw themselves before me to protect me, for he kept blasing away with his pistols. They dragged bim to the ground while he continued shooting. “He was geized, triod by court-martial and Gen. Taylor wrote to Gen, Franklin of our army offering to turn this man over to the United States Government for any punishment our commander might name. But Gen, Franklin declined, saying that it wae the part of the Confederate officers themselves to punish thelr own breaches of disciptine. “This man was sentenced by his brother Confederates to be driven tn disgrace, from the Confederate Army and out of the land of the Confederacy, He went Mexico, joined Maximililan’s army and was shot. “Now, the whole point was that the Confederates, so far as I had to do with) them in four years of war, were scrupulous in keeping their word and in keeping! the honor of their flag unsmirched, They were a brave people, fighting for what) they beleved .was the right, They loved a brave man, no matter what flag fought under. Thank God they are now with us under one flag!” eemmeanaeds vt she ofa errr Adventures of an Unattractive Girl By Aima Wooaward Copyright, 1911, by The Prew Publishing Co, (The New York World), My Chum’s Wedding. gathered !n the infant Sunday-schoot 8 proud of her engagement classroom. very one fussed terribly DITH had been my bdosom|over Fath. One girl straightened her | friend since we both gradu- 0 was herself and as the day of her wedding drew near I war every {train, another pulled out @ ‘old in her ated from grammar school; bit as excite vell, another wanted to powder her nose and naturally, | was the first | until finally sae wae on ‘e verg te person she told of her @n- I shopped with her for her trou! I helped design tho bridesmaids’ breakdown, Just before we formed for the march to the altar one of the girls whom f had always disiked whispered to her partner: “Edith was wise in her choice of: mata of honor—even an unattractive bride would look pretty by contrast—bnt Faith looks positivels: beautifull” And all the time I was standing there Deside her et the alter rail that spesct gowhs Picked out the wedding cake boxes. appreciate how {t must appeal to SOME, say boarding house drudges and the lke"— The bridesmaids were to wear pale blue over pink, with great white hate laden with huge pink roses and soit blue \eatin bows, My gown, as maid of kept strumming itself into my brain to |the tempo of the Lohengrin wedding march, Kissing a girl without proposing to her is allowing an auto salesman to take you for a “demonstration,” when you | Married life ie like running an automobile or making a raredit—it| no maiter how fine a “model” you choose, you never can tell when either of them ts going to break down, or own Life would be one long joy ride éf the average husband would epend as much time in repairing the breake and oiling up the whecle of the domestic machinery as he does in tinkering with his motor car. When a man judges a woman by himeelf he te comparing the caprices and vagaries of an automobdile to the contrariness and obstinacy of a mule, With love, ae with automodiies, the Aigher the epeed, the aurer the | cheap and meon as| “And it Je Interesting to the Wefod | Ringe, wae fust the roverse of theirs and, itlenourished tamatee of cnet? | pink over blue; and instead of wearing boarding houses, too, sal *T | the hat 1 was to carry mine slung from in hor most winning tone. | |my arm by aatin ribvone and filed with Mr, Jarr, who ha , with hatr| os ner buds. on und, this deadly cuteand-ihrust duel ive be rec tPeHee BPE tom te between the amiling combatant, sensed | we were planning it, and although It that the latter part might mean that) digi took particularly well on me Mra, Stryver at one time had @ board-| Vion 1 went for my sittings 1 consoled lng baune. aad urs OW Uved | iygelf with the thought that on (he n_ one But he day of the wedding I'd be all fixed up ‘Then a hand was iuld on his enowider oy oy oted and everything—ao it woul and a male voce enldt surety [ook well then, But tt didr “Do you know the way to the bar?’ | 1 wag to drive to the chureh with Tt was Prof, Ponsonby Vonfret of) rain and her finer, Oh, she looked Pompton! \ go pretty—Just ike the brides you read Ni tan NN of In the “best sellers.” INSIGNIFICANCE OF MAN, Just for the moment, as I looked at her in her shimmering white satin and jen T visit the grand canyon of! vite, with a great sheet pf the Yellowstone 1 reatise the insigmitl: | jiioy in her arins, my hoart grew sick cance of man, Ever been there!” ‘and faint within me, I wanted It eo to “Never, You can get the je Fen. be MY wedding—and !t wasn't! tion by going to @ suffragetie meeting.” | When we arrived at the church, the Courier-Journal, fe six bridesmaids and the ushers had During the reception at the house Z |stayed with members of my family and Edith's, Once or twice she tried to pull me into the ring of young people sure rounding her—but I rebelled. At 6 the bride went upstairs to change her ar and, according to custom, |atood on the topmost step to toss her bouquet down upon the group in the lower hall. “Here you ret and threw the Hiles, Mechantoally |1 held out my arms—and the flowers fell uarely into them! I looked dows dazed, unbelieving, The girl who had made the unpleasant remark at the churoh laughed demsively land there w: faint echo of her mirth from the other girls, But I hugged the flowers to me and, unseen, bent my head and kissed thely fragile beauty, It was an omen! (To Be Continued,