Morning Oregonian. (Portland, Or.) 1861-1937, October 31, 1907, Page 8, Image 8

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THE MORNING OREGONIAN. THURSDAY, OCTOBER 31, 1907.
SUBSCRIPTION RATES.
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(By Mall.)
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EASTERN BUSINESS OFFICE.
The 8. C. Brckwith Special Agency New
York, rooms 48-50 Tribune building. Chi
cago, rooms 610-512 Tribune bulldlng.
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Station.
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Third.
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corner.
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ager three wagons.
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reka News Co.
! PORTLAND, THURSDAY, OCT. 81, 1807.
; BUSINESS AND BUSINESS.
Business consists In the organiza
tion and prosecution of Industry, In
the production and distribution of
commodities, In growing wheat, breed
ing cattle, sawing lumber, building
. roads, cultivating prunes and hops,
mining coal, smelting iron, selling
groceries and calico. Business doesn't
consist in gambling In these and other
Industries, selling stocks and bonds on
them, manipulating "securities,"
making fictitious values, robbing the
public and producing financial crises.
A writer In the New York Sun, who
signs "Business," to whose essay the
Sun yields the leading column on Its
editorial page, unmuzzles his oplnlcn
on the effect that the "policies" of
President Roosevelt have had on busi
ness. In his opinion, these p'olicies
have been destructive altogether. It
Is simply to be determined what Is
meant by business.
There are captains of Industry and
pirates of Industry. The captains are
those who have set great productive
Industries in operation. The pirates
are those who prey on the productive
Industries of the country. These last or
ganize rapine; and of late, as the light
has been turned on, they are coming
to grief. Many of their methods, as
well as the results, of their vast sys
tem of plunder, have been exposed.
The National Administration has been
using its power to this end. President
Roosevelt, therefore. Is an enemy of
"business." Protesting against gam
bling and robbery and misuse of life
insurance and other great trust funds,
he has been "fomenting class hatred"
and "stirring up the poor against the
rich," and "sapping the foundation of
prosperity" and "destroying the basis
of credit." Ht has. Indeed, for the
present, put a check upon schemes of
Retting' rich by robbery, and by ex
ploitation of fictitious values. The
reason this system has got a setback
Is that it's not business. If it hasn't
a modern name, the good old name of
swindling will do.
We are to have something like
steady business and actual values now
for a while, and real prosperity, with
the bogus article eliminated. This will
be business. The rage cf speculation,
supported by fictitious values, manu
factured by rCatilinarlans of finance
and politics, was beginning to affect
the whole" character of the people and
all their social and industrial life. It
was high time to turn back to some
of the primary virtues. .
READJUSTMENT.
"The increased cost of living" has
long been a topic. It has affected all
of us who have had to buy the main
commodities or necessaries of Ufe.
But now, we are told, the break has
come, and everything Is to be "more
reasonable.". After a . little we shall
get bread and butter and jmllk and
meats and potatoes and apples at
lower prices; and fuel for the house
and shop, and clothes for the chil
drenj at lower prices. This Is one side
of the picture. But the other?
We can't get reduction of the prices
of all these without reduction of the
cost of .their production and distribu
tion, which means, mainly, the reduc
tion of wages. If building is to be"
cheaper, it means that the wages paid
in the brick yards and stone quarries
and sawmills and logging camps will
come down; it means smaller pay for
carpenters, plumbers and plasterers
and painters. If we are to have
1 cheaper fuel it means that wood is to
be cut and delivered at lower prices,
and coal to bo mined and hauled for
less money. Antecedent to cheaper
milk and butter will be successful ef
fort of the dairymen to get helpers in
their work at lower wages and longer
hours. Cheaper apples and -strawberries
and cabbages are to be obtained
only In the same way. The prayer for
reduction of the cost of living, you see,
amounts to this, that you wish to cut
down the wages or incomes of your
fellow men.
It may be feared we shall never
reach the ideal condition, which is
to be found only in low prices for the
consumer and high-prices for .the pro
ducer and his wage-workersy This,
probably, is hopeless, yet some read
justment of wages and prices will fol
low sober readjustment of the finances
and industries of the country, now be
gun, is as certain as anything can be,
and it is as well to look out for it.
HASTE MAKES WASTE.
The general condition of Industry
and commerce in the United States to
day is absolutely sound. There never
was a time when genuine prosperity
was more widely diffused, when people
lived better or enjoyed themselves
more. There is no failure of crops,
no lack of markets, no cessation of
productivity in mines or forests, " no
pestilence stretches its hand over the
country to blight and destroy, no war
spreads death and desolation. Yet for
many weeks a distinguished group of
citizens have been prophesying finan
cial shipwreck, and now, to the appre
hension of many people, here is the
goodly vessel of our prosperity dan
gerously near a lee shore. What does
it mean?
Probably much of the seeming dif
ficulty which besets us is psychological.
There is a silly belief prevalent in the
world that by virtue of some mysteri
ous law of nature we must have a
panic once in ten years or thereabouts.
Nothing could be more Insane. Jt
means that once in about so often we
must inevitably get scared at our own
shadows and idiotically destroy a
large fraction of the wealth which we
have been industriously accumulating.
Is it reasonable to suppose that any
thing so absurd is a law 'of nature?
Nature may be cruel and wasteful, but
she is not foolish". There is absolute
ly no necessary reason why we should
suffer from periodical panics. There
is no good reason why men should hot
go on perennially producing wealth
and distributing it, free from destruc
tive reactions. The common, saying
that "it ' is about time for another
panic" is one of the most groundless
and harmful of all popular fallacies.
It is peculiarly pernicious, because It
tends to bring about its own fulfill
ment by frightening people. This panic
bugaboo is one of the many falsehoods
with which the old-fashioned doctrin
aire political economy abounded. It
is Just as Behseless as it would be to
say that there is some natural law
which compels a man to set his house
afire once in ten years. Indeed, be
tween a conflagration and a- panic
there is little real difference.
The worst one can say of present
conditions In the East is that they are
"panicky." , Great efforts have been
made directly and Indirectly by inter
ested parties to wreck the prosperity
of (the country, and they have suc
ceeded in creating nervousness here
and there. But general conditions are
too healthy to admit of any wide
spread terror such as breaks banks
and annihilates wealth. Nobody
should fall to remember one remarka
ble circumstance which makes a repei
tltlon of the experiences of 1893 alto
gether Impossible now. Then ,the
whole country was in debt to Wall
street gamblers. Now they are in debt
to the rest of us. Then when they fell
into trouble, they demanded prompt
payment of heavy obligations from the
country at large, and because we could
not pay them we became bankrupt.
Now the only result of their trouble is
that they cannot pay what they owe.
Chicago, Portland, .San Francisco, all
the cities of the country this side of
New York, have to give the gamblers a
little time to meet their obligations.
They have borrowed so much money
and gambled it away so recklessly that
it will take them a few days, more or
less, to rake together enough to save
their credit. The onlydifficulty here
is that we must extend a little grace
to a debtor. That is something quite
different from being ground to death
by a creditor as we were In 1893. With
all our abundant wealth, both actual
and potential, we, can wait a little
while for the money due ub from the
East to be paid in, can we not? 'What
is the use of getting scared? There
is not the slightest danger of real
financial trouble In the United States
anywhere outside of Wall street, un
less people create the trouble by their
own mad folly. An occasion has ar
rived when our great democracy may
demonstrate Its patience and self
restraint if it will.
It may also demonstrate its under
standing of men and causes by -attributing
the financial stringency to
its real authors. The buccaneers who
have made all the trouble by their
greed and dishonesty seek to cast the
blame upon Mr. Roosevelt. If we per
mit them to fool us by this falsehood,
we shall deserve to suffer the conse
quences. Mr. Roosevelt has simply
showed the country what the mis
creants are up to and punished a few
of them for their thefts. If we blame
him for trying to protect us, are we
worth protecting? ' . m
VANISHTXG MERCHANT MARINE.
The American ship Arthur Sewall,
named in honor of her late owner,
who was the greatest American ship
builder, is reported wrecked -near
Terra del Fuego, with a strong proba
bility that her crew has fallen victims
of the cannibals who dwell In that
ble,ak region. Thev loss of this fine
American ship is a matter of deep re
gret, for so long as she sailed the seas
under the American flag she- was a
floating monument to the memory of
one American citizen who, throughout
his lifetime, made a gallant fight
against our absurd and stifling naviga
tion laws. Mor more than thirty years
the late Arthur Sewall kept his big fleet
of American ships In the foreign trade
in competition with the ships of other
nations. He asked no subsidy, but he
made repeated efforts to secure ships
at the same cost as those whose com
petition he was forced to meet.
In this he was at times partly suc
cessful, for among the Sewall fleet still
sailing the seas are a few vessels
which were' built abroad and after be
ing wrecked were granted American
register. The loss of the Sewall, or of
any other American ship, is exception
ally deplorable at this time by reason
of the large amount of freight offering
for shipment between the Atlantic and
Pacific Coasts. This route comes un
der what Is known as the coastwise
zone, and foreign ships are accordingly
not available except where the Gov
ernment assumes privileges which it
denies the people and ships coal for
the naval fleet In foreign bottoms.
Even the payment of a fifty per cent
freight bonus v for American ships
failed to bring out one-tenth the ton
nage required for transporting the coal
needed by the Pacific fleet, and as a
result most of it is coming in foreign
bottoms.
Just at this time there is an enor
mous demand In New York for Pacific
Coast barley. The rail rates are so
high that the profits of the sellers are
greatly reduced when the grain goes
across the continent. Unlike the
wheat bound for Europe, this barley
cannot reach the Eastern buyers In
cheap foreign ships, but must be sent
in- the coastwise American vessels.
These are woefully inadequate in num
ber, and' the rates paid those which
are available are far in excess of those
which would prevail if there were
enough American ships to handle the
business. Meanwhile, at Liverpool,
London and other great shipping cen
ters of the Old World, there is for sale
at bargain prices an immense amount
of new and second-hand tonnage
which is sadly needed by the Ameri
cans to handle their coastwise trade.
If the Arthur Sewall had been sail
ing under any other flag than the
Stars and Stripes her rjwner could im
mediately replace her with a vessel
picked up in some of the big markets
for shipping property, and he could
sail under any flag he cared to fly
from her masthead. We bewail the
decadence of American shipping, and
we refuse to adopt the only logical
economical method by which we can
arrest that decay and restore the lost
prestige of the American merchant
marine. Among all the Insidious
forms in which our policy of "protec
tion" has appeared, none is more un
fair than that which refuses to release
American shipping from the bondage
in which it is held by our absurd navi
gation laws. . ,
RATS AND THE PLAGUE.
It never rains but it pours. Just as
the financial clouds begin somewhat to
clearfrom the sky, behold the dire
threat of pestilence from pur breth
ren, the rats. One feels constrained
to speak of these animals as brethren,
since they . are so designated , by the
Buddhists, and now-a-days Buddhism
has become so fashionable that it
seems best to treat its preferences
with respect. . .But, brethren or not,
the rats are likely to be the death of
us unless we get in our work first and
become the death of them. Your rat,
sleek and silken beast that he is, has
been chosen by the bubonic plague
germ for its habitat. Among the in
ternal mysteries of the rat this unde
sirable germ multiplies and takes on
fatness like a banker when there is
no stringency of gold. Rat and bu
bonic plague come pretty near being
synonymous terms. As Ruth said to
Boaz, so says the bacillus pestus to the
rat: "Where thou goest I will go, and
where thou lodgest will I lodge."
But the rat is comparatively guilt
less -in the matter of imparting the
plague to man. He carries it about
concealed like a dynamite bomb
within his person, but he does not of
his own accord explode it, so to speak.
Were there only rats the plague might
pursue its deadly way among them
without affecting us in the least. In
deed, we might look upon it as a bene
factor, for whatever tends to rid the
world of rats is a friend of man, un
less something interferes. In this case
something does interfere. It Is the
wicked flea. The flea that acts as the
middleman, the purveyor of plague
from rat to man. The flea bites the
rat, then ..he bites his human victim.
The first bite infects .his teeth, or saw,
or whatever it is that he maes his
incision with. The second bite con
veys the infection into the veins of
the' sleeper whose Juices he is sam
pling. .
Even so is it with the mosquito
which imparts yellow fever. This
beauteous creature is alleged to be a
female, ' though it is hard to credit
anything so horrible of the sex. But
the doctors say it is so, and we must
perforce believe them. She bites
somebody who Is sick with yellow
fever and thus bedaubs her lips with
the Infected blood. Then she bites
somebody who is destined to be sick
and Inoculates him with the germs.
Not otherwise doth another variety of
mosquito impart malaria. She pre
serves the germs' in her proboscis, and
while Bucking her victim's lood she
repays his hospitality, somewhat un
gratefully, by infecting him with ma
laria germs. One would think that
the evil Fpirit who presides over the
destinies of man might have been
satisfied with the miseries which rats
and mosquitoes inflict by their unas
sisted efforts, but it seems not. "The
murderer's knife is a .fearful thing,"
sings the divine Tupper, "But what
were it armed with a scorpion's
sting?" What, indeed? Well, the
mosquito's knife, or, rather, saw, is
armed witi a scorpion's sting. At any
rate, it is armed with yellow fever and
malaria germs, while the tooth of the
flea is bestrewn with the bacilli of
bubonic plague. V
It is thus bestrewn if he happens
to have dwelt upon the skin of a rat
and dined upon the blood of his host.
It follows that if we were rid of both
rats and fleas we should be Immune to
bubonio plague. The bacillus might
knock at our doors, but he would
knock in vain. He could never get
within. He . does not swim like the
typhoid germ. He does not sail about
in the air like the consumption plant.
He does not lurk in sinks and drains
like the diphtheria bacillus. He
simply lives in the rat, biding his time
until the rat is bitten by a flea. Then,
in the mouth of the flea, he passes an
other period of tedious waiting until
the flea bites a man. Then comes the
heyday and glory of his career- The
human being thus bitten and infected
blossoms out with sores and swellings
in every gland, and if he does not die
it is by the mercy of Providence and
not by the i wisdom of the physicians.
For the doctors know as little how to
cure bubonic plague as spinal menin
gitis or cancer or rheumatism.
What is the moral of all this? It
seems plain enough. Poison your rats,
or at least trap them. Then, to make
assurance doubly sure, .drown your
fleas. The flea, despite his - many
malign qualities, lacks that element of
invincible vitality which is inherent in
most curses and pests. He .is more
easily slain than bedbugs or lice. Cold
water is his bane. He can not survive
the scrubbing-brush or mop if they
are decently wet. If one discqvers a
flea in his bed, allthat is necessary to
get rid of him is to pour a bucket of
cold water between the sheets. Then
the weary sufferer may. crawl back to
his lair and peacefully resume his
slumbers. Rats, however, present a
more bewildering problem. They are
difficult to catch and not easy to
drown. But they can be poisoned
and they can be trapped.
-It ought to "be thoroughly under
stood that every rat existing in Port
land is a possible source of infection
for the bubonic plague. The only way
to secure immunity from the plague is
to kill the rats. Once endemic in the
city, the bubonic plague can never be
eradicate"!. It would linger here, con
tinually reappearing, as it does in San
Francisco and the cities of the Orient.
C uaPeF.tikeeP X Ut
to fight it when it has made an en
trance, and the one way to keep it
out is to rid the town of rats.
The wheat crop of the Pacific
Northwest is far and away the largest
on record, and it is moving in volume
never before reached so early In the
season. This fact, together with the
unusually high prices that have pre
vailed since the opening of the season,
has tied up more money In floating
cargoes and warehouse receipts than
ever before at a. corresponding date
in the history of the industry. Not
only have the Portland banks been
called on to finance millions of bushels
of grain bought for shipment "from
Portland, but they have also poured
out many more millions for wheat
which will reach market by way of
the Puget Sound ports. The- present
financial stringency has had a bad f
fect on the wheat market. It could
not well be otherwise, but any tempo
rary weakness should not cause un
easiness; as to ; prices. The foreign
market, in spite of a strained money
situation in Europe, have been hold
ing steadier than the- American mar
kets, and unless the farmers of this
country lose their heads and try to
dump all of their wheat on a con
gested market there will hardly be a
decline in prices that will last long
enough to cause loss for the farmers.
A cable from Manila says that the
leading Filipino newspapers are now
asking for free trade with the United
States, although some of them have
heretofore opposed it on the ground
that their ultimate independence
would be endangered by so close" a
trade alliance with the United States.
It would be unnecessary for the Fili
pinos to possess very keen knowledge
of commerce for them to understand
that it would be impossible for them
ever to make much progress on the
road to independence until they were
granted free trade with the- United
States. Enforcement of the protection
doctrine on our Far Eastern depen
dencies has done more to retard their
growth and development than any
thing else that has happened since
Dewey sailed Into the bay. The com
ing session of Congress will probably
witness the same old fight against
trade recognition of the Philippines,
but there has been a change in senti
ment in this country as well as in the
Philippines, and it is extremely doubt
ful if the combined efforts of the
Sugar Trust and the Tobacco Trust
can prevent ,the islands receiving the
legislation due them.
There was an item the other day
about licorice as an article or com
merce. One species grows abundantly
in Oregon and Washington. It is a
parasitic plant here, growing abun
dantly in the heavy moss of maple and
perhaps ofash trees, in shady and
moist places. This variety is not only
a parasite, but the parasite of a para
site. But it is a true licorice, as both
its leaves and root prove. The root
could be collected In considerable
quantities in the shady and dark and
moist places in Oregon and Washing
ton if effort were made. The licorice
of commerce is grown mostly in the
south of Europe. It has stems three
or four feet high, thrives best in a
rich soil, and produces a root of ir
regular form and considerable length.
Our black sugar or stick licorice,- the
form with which we are most familiar,
comes from Mediterranean countries
mostly, but the plant can be gcown in
any mild climate.
Harry " M. Logan, a respectable,
hard-working citizen, was shot down
in cold blood because he refused to
hand over his money to a cowardly
assassin who held him up on the
Fourth-street bridge. - There is noth
ing in the tragedy to indicate that the
murderer was not sane enough to
know that he was committing a crime.
If the courts can establish the guilt of
the man who committed the deed, he
should not be permitted to escape pay
ing the penalty for his act on any
"insanity" technicalities. The mur
dered man was a useful member of
society, and the execution of his mur
derer is at best but -an inadequate pen
alty for the crime.
Naval officers will recommend that
Congress provide for construction of
two twenty-thousand-ton battleships,
and the prospects seem favorable for
an appropriation for at least one of
the great sea fighters. There is not
much of a disposition to complain
about the expenditure for battleships,
but the experience which the Govern
ment is now having in securing coal
supplies for these ships would seem to
warrant some legislation by which we
could also secure a few colliers at low
cost Instead of chartering them from
the foreigners at extravagant freight
rates.
Helnze and his coterie of Wall
street gamblers were not the only ones
hurt by the drastic copper liquidation.
Seven thousand miners in Montana
have been notified of a prospective re
duction of fifty cents per day' as a re
sult of the decline in the price of cop
per. This will mean about $3500 per
day Iqss in the disbursements around
the Montana copper mines, an item
of sufficient importance to have con
siderable effect in the communities in
volved. A prominent Ceylon educator now
visiting in New York predicts a revo
lution in India, where, he asserts, the
Hindus are taxed to such an ex
tent that all loyalty to the British
government has fled. If the revolu
tion does come about, it is to be
hoped that it will reach proportions
that will necessitate the recall of sev
eral thousand turbaned Orientals' who
have flocked into the Pacific North
west, where they threaten to stir up a
revolution among the white laborers.
Prospective' lower prices for meat,
eggs and butter form a silver lining
to the cloud. This from the con
sumer's point of view. '
The Mllwaukie National Faro Bank,
we understand, continues to stem the
tide of financial worries and to do a
select business.
Crops of the great West will relieve
the situation. Europe has to put up
gold, to get the stuff. ' '
And County Judge Webster Is on
hand during the entire five days' legal
holiday!
NOTES OF RETURNED CONFIDENCE.
j
Optimistic Views of Eastern Newspa
pers as to the Money Market.
Chicago Inter Ocean.
Let us cleanse our mind of the cant-
that dishonesty and weakness are the
rule in America and Jxfnesty and
strength the exception. So doing, we
Americans shall see ourselves again
as we are, and we shall go on to
gether. No Ground for Anxiety Ex lata.
New York Globe.
It is as certain that the banks are
solvent now as that the insurance
companies were solvent two years
ago. Fear now Is as Irrational as fear
then. The evidence is conclusive and
overwhelming that no ground for anx
iety exists as to the safety of funds
in the care of responsible fiduciary in
stitutions. -
Confidence-Breakers, Public Enemies.
Philadelphia Record.
Confidence Is the great asset of civ
ilization. It has enabled the crvllizeL
raVes to make the best use of their re
sources, creating thereby an unparal
leled access of comfort, happiness and
prosperity. Whoever destroys confi
dence whether he be the financier who
abuses it. or the speculator who seeks
either to falsely enhance or falsely de
press values that he may gain thereby
is a public enemy.
Nsw fork's Troubles Only Local.
Philadelphia Press.
Every underlying condition is sound,
taking the country as a whole. Big
crops, heavy exports, railroad earnings
still rising and labor employed every
where at high wages. These are surely
not the signs of Industrial distress.
Money is tight, too scarce, in fact, for
the uses which the country has for it,
but it cannot remain so very long. New
York's troubles are largely local and
specific and they can be cured.
Bright Outlook for the Future.
Washington (D. C.) Post.
When the present financial flurry
shall have passed, when the crops have
been paid for, and Wall street shall
have recovered from its scare, business
conditions generally will have bene
fited from the violent purgative which
Is now griping them, and it is a safe
prediction that safer and more conserv
ative methods will prevail and Ameri
can railways and industrial securities
will regain the full value to 'which
they are entitled.
The West Is Rich Beyond Record.
Boston Advertiser.
At Mhls time of the year, a general
canvass of conditions " in the farming
and granger states of the West shows
unusual and almost unexampled pros
perity. The bumper crops 'of corn have
brought in a flood of wealth unusual
even for that section of the country,
which for the past 10 years has had a
steady flood of prosperous times. The
Western banks report "all conditions as
showing that the West today is rich
beyond all records of history.'
No "Bostlna;' Ontslde Manhattan.
v Nprth American.
Now, there is no "busting" nor is
there likely to be any in the commu
nities inhabited by some 75,000,000 of
.American citizens. There is no "dying
gladiator" feeling anywhere In this
great, rich, thriving continent outside
of Manhattan Island. It is merely the
moment for steersmen to consult the
chart and got their bearings and learn
why they are on a lee shore, and seek
the right channels to a safe anchor
age. .Rooseveltlsm Is not the point of
danger, but. the lighthouse that shows
the shoals.
Situation Now Well In Hand.
New York Herald.
There Is every indication that the sit
uation is now well in hand. The man
ner in which the financial community
as a whole has withstood the sheck
is the strongest evidence of Inherent
strength, and the permanent elimina
tion of the unsafe men and methods
that caused the trouble is a guarantee
of future safety and prosperity. The
burglar fraternity is sure to profit by
the senseless withdrawals from per
fectly solvent institutions.
America Enjoying Golden Prosperity.
New York World.
Nowhere in the United States is there
any financial panic, crisis or even se
rious embarrassment except in New
York City and Pittsburg. Even in ..Jew
York the only financial institutions af
fected are those whose officers went
into outside speculation with other peo
ple's money.
American farm crops are selling this
year for an aggregate sum of $6,500,
000.000, the largest amount that agri
culture has ever returned to the people
of any country in any year. The
mines are working at a high state of
(productivity. More coal will be un
earthed, more plg-lron smelted, more
steel plates rolled this year than ever
before. In the South the. cotton crop
is bringing twice what it did 10 years
ago. The New England mills are hum
ming busily. Everywhere wages Is
high and empfoyment easily obtained.
Burrowing: Rodents Cleaned Out.
New York Journal of Commerce.
The source of the distrust which has
become so easily excited In these days
is not what any one man has said in
the last six months, but what ' many
men have been doing, lo, these many
years. They have produced a situa
tion which naturally they do not like
to have shown Up to the eyes of a sus
picious world. If there has been a bur
rowing of moles under the credit sys
tem of the country for years, filling its
foundation with dangerous holes and
replacing its solid substance with rot
tenness who has been undermining
the system, the "varmints" engaged in
these subterranean "operations or the
persons who discover what Is going on
and Insist upon stopping It and restor
ing the underpinning of Integrity
and substantial value? Fortunately,
the structure still stands and the bur
rowing rodents may be cleaned out.
Then the ground may again be made
firm and the foundations of credit
such as to Invite confidence in Its sta
bility. '
Banks' Relation to Communities.
Portland (Me.) Press. -Banks
are the means of keeping em
ployed a large proportion of the capital
of the community which would other
wise be unproductive; they are the
means of transferring surplus capital
from one part of the country to an
other, where it may be profitably em
ployed, and of enabling great transac
tions to be carried on without thein
terventlon of coin or notesi Credit and
confidence are therefore the very
breath of life of banking. It needs to
be conservative,- careful and Judicious
In its loans and investments. It must
preserve its solvency. But speculative
banking Is dangerous. This has been
the trouble in New York. Banks have
been used for the promotion of trusts
and combines and the financing of
highiy speculative enterprises, with
their concomitants ot stock lnflatjbn
and various forms of Juggling with se
curities to get more out than what was
put in.
THE FRENCH AND THE ENGLISH.
Studies and Eplgrrnms by a French.
Woman, "Pierre de Coulevaln." .
Nineteenth Century.
The Frenchman 1 He appears to me of
medium height, nervous and delicately
made; never as ugly as an Anlo-Saxon,
never as beautiful either. The upper
part of the face, the forehead and eyes,
is full of Intellectual force and expression.
The nose, chin and mouth are weak and
betray sensuality. . . . Nobody wore bet
ter the costume of other days than the
Frenchman, no one wears the modern
costume worse. His temperament is in
visible rebellion to these hard lines; it is
all he can do to 'keep them in shape.
His predilection for open collars, float
ing ties, soft shirt fronts, are proofs of
the hereditary memory, reminiscences of
the brilliant plumage of long aer. . .
I attribute to the Latin element his
feminine essence, his Intuition, his need
of artistic perfection, his fine sensuality,
also his frequent enthusiasms, his want
of practical sense, of organization and of
discipline. To the Celtic element, his
passionate violence, his idealism, his ob
scure dreams, . his turn ot wit at once
brilliant and gross. To the Gallic element
his power of foresight, his fear of the
morrow, his lightning flashes of wisdou.
his tenacity, that undercurrent of egoism
and avarice which paralyzes his first
fine Impulses, for his first impulse is
fine.
When these forces are about equally bal
anced he la, as an Englishman said to
me, "the right thing" perfection. That
Is why we see him athirst for Justice
and unjust, in love with liberty and In
capable of understanding It, great and
trivial, maker and destroyer of idols.
That is why we find his thought upon all
the summits and in all the mud pools.
After the Slav soul there Is no soul more
shaded, more elaborated. . . . With him
it is always the hour he wants, and not
the hour it is. He Is a waster of minutes.
Like a child, he plays on the road, then
runs In order to" catch up the time lost:
and he catches it up. The prosperity of
his country proves it. A marvelous in
tuition aids him in his task. No one pos
sesses more native science. It is thanks
to this gift that, in spite of his schoolboy
escapades, he arrives an easy first in art,
in science and in certain industries.
The Englishman is human electricity
canalized. -following a rigid thread and
never missing the receptor. The Frencn
man is free electricity. His sparks and
waves pour .to the right and to the left,
and do not all arrive at the point they
should touch. What matter? They are
not lost for life.
To the majority of the French the Eng
lish woman Is a woman with yellow or
red hair, freckles, protruding teeth and
big feet, a woman who scales mountains
and reads the Bible.
To the majority of the English the
French woman is a graceful,, frivolous and
perverse woman, who deceives her hus
band, a hat is how. In the beginning of
the twentieth century, women who stand
on the top of the psychological ladder are
still Judged. It Is shameful and irritating.
French gaiety shines of Itself. English
gaiety is like a match which requires
friction in order to take fire.
The English crowd has got ' fists, the
French crowd has got claws; and you feel
that these claws will appear upon the
smallest provocation.
The morality of the Anglo-Saxon race is
austerer, purer than the morality of the
Latin race, but its Immorality is infinitely
worse. This explains itself by the very
strength of Its racial character, by the
power of its Instincts, whether good or
bad. In French Immorality there is more
form than substance, in English lmmfifr
ality more substance than form. "
You feel and love London with your
mind; you feel and love Paris with your
temperament and your soul.
The Anglo-Saxon seems to me to stand
nearer to God, the Latin nearer to the
gods.
England is the only country in which it
is good to be a queen or a horse.
The Old In Contact With tbe New.
Ernest Podle, in the American Maga
zine, tells of the "New Readers of the
News," of the kind of papers the immi
grants to this country read, and of the
impression their reading produces oft
them. Here Is what is said of an aged
Jew, still lost in the dreams of the -ast:
Down In the Ghetto at night. In his tene
ment room, old Abraham sat reading. The
small student lamp left the room in dark
shadows, threw only a narrow circle o light
on his massive, wrinkled face, his huge
gray beard, his deep-set eyes on the great,
thick, battered old book over which he waa
bending. This book was the Talmud; the
Bible of the Jews. And around, it all Abra
ham's life and hopes and dreams were
centered, as the lives of his forefathers had
been centered for ages before him. He has
never read any book but this: for. as the
Talmud says. If you read anything elsewhere
of value, you might hate found It here more
nobly expressed; and If you read anything
elsewhere that Is not In the Talmud, then
be sure It is either useless or deadly. 60
here for half a century his mind had man.
Us home, travelling through this vast laby
rinth of dreams and hopes and specula
tions. He knew the 613 commandments Dy
heart. E"very morning and every night us
went to the synagogue to .pray. Every day
of his life his powerful mind went on build
ing his dream, In the darkness, of the ra
diant light to come a dazzling, lofty dream.
. . While outsiders saw only a tall,
bony old peddler slowly trundling a push
cart. The clattering, laughing, roaring. Ameri
can streets could not lead Abraham to for
sake his 3 ream. His bitter sorrow was this:
"Our young people." he said, "are leav
ing the Talmud for the newspapers."
Private John Allen In Retirement.
Washington Post.
"So far as I know, the happiest man
in this world is 'Private' John Allen
of Tupelo," said Judge J. H. Neville,
of Gulfport, Miss. "He Is living on a
farm near the town which Is Indls
solubly linked with his name, and tak
ing life easy. John is well supplied
with this world's goods, and while he
practices law he seldom takes a case
in which the fee is less than $2000 or
$3000, and not even then unless he is
sure of getting the fee in a day or
two, 'Jim Neville," said he the other
day. 'I am in love with the whole
world. I have even forgiven all the
fools in Mississippi who thought that
anyone would make .a better Senator
than I.'
"John's wife is rather strict, and on
a certain Saturday John invited me to
spend Sunday with him. but said I
must obey all the rules of his house
on Sunday. 'Let's hear the rules,' said
I. 'Well,' he replied, 'you must not
chew, smoke or drink liquor, and you
must go to Sunday-school once and
church twice.' I told John I didn't
think I'd come, and. asked him if he
observed the rules himself. He said
he thought his wife believed he did."
A FEW SQUIBS.
'Supposing I can't raise the rent?" said
the new tenant facetiously. "I'll do all the
rent raising," responded the landlord, grim
ly. Cleveland Plain-Dealer.
Church I understand he made all of his
money out of a certain kind of water?
Gotham That's right. He's a.. Wall
street man. Yonkers Statesman.
Obadlah Looks as though this here man
Hughes wni the dark hoss In the preser
dentlal campaign.
Hesiklah Dark hoss. nothln"! He's the
red auttymoblle. b'gosh! Puck.
faid He I don't believe In pretense, when
I don't know anything, I say at once: "1
don't know."
Said She How awfully monotonous your
conversation must be. Chicago Dally News.
"Ah!" exclaimed Rimer's friend. -you
never saw him In the throes of poetical
composition. Such expression! He is
rapt " "He ought to be rapped," snorted
the critic Philadelphia Press.
An ill-tempered old gentleman was watch
ing the diabolo players In Kensington (Jar
dens. "And to think." he mused aloud,
"that a month or so ago this sort of thinn
was only being done In our-asylums."
Punch.
"THE" CHURCH, NOT "MY" CHURCH
Dr. Morrison Explains His Remarks tn
Criticism of Pious Frauds.
PORTLAND. Or., Ocj 30. (To the Ed
itor.) Will you kindly allow me space in
The Oregonlan to correct a possible mis
understanding of the use of the following
which appeared In this morning's issue:
"There are men who occupy upholstered
seats in my church who are meaner and
more contemptible than the man who
would slip his hand Into your pocket and
extract your money. ." Of course, I
meant the church at large, and not my
congregation at Trinity. I have no such
persons among my pew-holders at pres
ent, I am proud to say. It Is quite- diffi
cult for me to understand whether the
Joke Is on me or the occupants of the five
seats which have cushions. All the other
pews are plain board.
When I made the above remark I had
in mind men who have bribed legislatures
and city councils, inciting other men to
crime. I have, known'of such men and
their pious pretensions. I have been the
victim of pious frauds upon more than
one occasion but, notwithstanding its
faults, the church Is teaching the grand
est ideal thinkable. Let me add that I
said not a word that could offend any
person, unless one should have an aver
sion for simple truth.
My reference to Dr. Brougher was a
little bit of pleasantry, not meant for
a Jibe. Really, Mr. Editor, I was in a
humorous frame of mind and I am sorry
your funny man was not sent to report
the meeting. I might have been saved
a deal of trouble.
A. A. MORRISON.
"MEAN" MEJf IX CHURCHES.
Methodist Comment on an Address
Made by Dr. A. A. Morrison.
PORTLAND. Oct. 80. (To the Editor.)
It may have been a surprise to some that
"my friend," Dr. Morrison, the esteemed
rector of the Trinity Protestant Episcopal
Church, attended a meeting of the Co-operative
Christian Federation last night In
the Woodmen's Hall, and gave the move
ment sanction by delivering a formal ad
dress. Eut it was no discredit to him
that he did so rather to his praise.
It la well for clergymen to put oft the
gown, clerical garb, and sven clerical man
ners, once In a while, and mingle with men
as such In the common walks of life, and
take part with them In mundane affairs
which affect their families, fortunes, useful
ness and happiness. The subject on which
Dr. Morrison spoke Is important, and its
discussion timely. The statement that but
few laboring men attend his church Is not
surprising. But let us not fall Into the
mistake of supposing that It Is because ho
"holds forth" In a splendid temple, well
furnished, and attended by the rich, nor
that he "will have to resort to some plan
of ecclesiastical vaudeville." In order to at
tract them. Laboring men have good tass,
common sense, and the power of discern
ment, and they appreciate comfort and the
beautiful. It Is the spirit that we bring
Into these temples of worship, into our
sen-Ices, and our eenduct toward men In
side the church, and our relations to them
on the outside that determine their feel
ing and attitude toward us and the church.
It Is not the surroundings, but the sense of
welcome, relief and help that comes tc
them In our churches whether these are
rudely or elegantly furnished, whers the
rich and the poor meet together, and are
brethren, children of the same Father, in
their Father's house, and free.
I am not surprised that men attend Dr.
Morrison's church, and the ministers of
Portland would not be envious of the cul
tured rector of Trinity If many men were
attendants upon his services. But the
startling statement that "there are men who
occupy upholstered seats In his church who
are meaner and more contemptible than the
man who would slip his hand Into your
pocket, and extract your money." does sur
prise us, and concerns us all.
I am not acquainted with- the men who
attend "divine service" la Trinity. Join In
the "collects" and the "a-mens," and
give of their "abundance" to the support
of (he rector and the "relief of the poor of
the parish," but I hesitate to believe that
any of them are "meaner and more con
temptible than the man who would slip
his hand inla your pocket and extract
your money."
Such statements do more to keep men,
and especially laboring men and their fam
ilies, away from our churches, to solidify
them against the churches, and to build tip
class distinctions and hatreds, than all the
utterances of the socialistic newspapers and
platform. And auch men will not long
occupy seats In our sanctuaries. though
"upholstered," if the "shot" la not only
"hot," but well directed and hits the spot.
I do not have such "meaner" men In my
church, but It Is not because I have no "up
holstered seats."
T. B. FORD.
Pastor Sunnyalda Methodist Episcopal
Church.
They Object Mightily.
The New Lork press does take it most
unkindly that the war fleet Is coming to
the pacific Coast. This is from the Even
ing Post:
The very latest official explanation of the
sailing of the battleships to the Pacific
leaves the matter about as follows: The fleet
must go. - The President Is determined on
that. Every man In every Navy-yard ts
to be kept on the stretch night and day
to get those ships ready. It Is of absolutely
vital Importance that the battleships be In
the Pacific by next March. But It Is all only
a practice cruise. Once In the Pacino, tno
ships are to be ordered right back to the
Atlantic. Observe, however, that they can- '
not get back till Congress votes money fo--the
expenses of the voyage. The President .
will have used up every dollar available in
his herculean efforts to bring the fleet rouna
to Ban Francisco and then he will go to
Congress to say that the ships should re
turn to the Atlantic at the earliest day pos
sible, and so it- will kindly appropriate tna
money to undo what has been done?
Sarah's Art.
Story anent Bernhardt's promise to
die on the stage: The divine Sarah,
having Just died at a rehearsal, turned
stiff as a poker. "Child," said her
uncle, "don't you know that rigor
mortis aoesn t set in tin six nours after
death?" "What!" cried Bernhardt, "do
you expect an audience to wait six
hours to see me stiffen?"
Turkish Princess Is a Boston Cook.
Louisville Courier-Journal.
A Turkish Princess Is learning Amer
ican life by being a. cook in Boston. The
average American cook knows how it
feels to be a royal highness without
troubling to cross the pond.
It Is Fall.
Chlcag Record-Herald.
Oh. the merry, merry summertime has fled.
The nighta are cool and long;
The lark has hushed her song:
The sumac and the maiden's nose are red;
Fat people with the asthma loudly wheezy-.
And alas!
O'er the grass
Fallen leaves are being driven by the breeze;
Coal Is shooting down the chutes.
And the hoot owl sadly hoots,
If at all.
While the benches In the park
Are deserted after dark
It Is fall!
Wrapped in heavy furs the chauffeur
whizzes by.
And the people loudly cheer
When the fullback with one ear.
And the halfback, with but one undamaged
eye.
Are dragged away to undergo repairs!
Blithe and free.
With his three
Cards the faker fools the rubes at country
fairs.
Oh, what Joy the farmer finds
Making cider, as he grinds
Worms and all.
Roosters that are tough and old
For Spring chickens now are sold
It la fall!
Oh, the fair and fleeting summer's course is
run.
And the blue-lipped golfer stands
With his brassey in his hands;
Though he shivers ho Imagines it ts fun.
Old women gather coal along the tracks.
Day by day.
And the ga
Turkey cock looks with suspicion at the ax;
Near the stove the cat is curled.
Leaden clouds hang o'er the world,
Like a pall.
And the card clubs are once mors
Starting up from shore to shore ,
It Is fall! 1