St. Landry clarion. (Opelousas, La.) 1890-1921, 1900-11-10
ONE DOLLAR PER YEAR.

was also provided. The extreme
dimensions of the towing locomotive
We're six feet ten inches in length
by four feet ten inches wide. Its
total weight was two tons; but the
motor was so placed that only one
fifth of this total came on the ac
cessory rail. The motor provided was
much more powerful than necessary
for the work in hand, as it was cap.
| able of working at the rate of IA td
15-horse power. Since, however, these
experiments we're merely preliminary
ones, intended to test the possibil
! tiles of electric traction Cor large
barges, the excess power was sup
piled Intentionally, and the resist
ance requisite to call forth the full
powers of the motors was in some OF
the experiments provided by RATS.
These experiments showed the sys-
tenn to be capable of meeting all
i needs, working as it did, with safety
and economy.
On June 27, 1891, number of Bel
j gian commercial travellers founded
mutual benefit as
ooA soeiation. This in.
stitution at first
had a limited professional character,
which has now completely disap.
peared, and to-day it unites without
distinction merchants, contractors,
/ foremen, travellers ana clerks--in fact,
all persons connected with commercial
i life. It is vast association of trades
men, divided into professional sec
/ tions, maintaining in it's work the
original principles governing its crea-
tion. There are throughout Belgium
5000 members, 800 of whom belong
to Brussels Committees are located
in the important manufacturing and
trading centers of Alost, Antwerp,
Binche, Braine-le-Comte. Bruges, Gour-
trai, Dinant, Ghent. Liege. Mons,
Marchienne, Namur, Renaix, Journal,
Veryiers and Ypres. The association
interests itself in all questions con-
cerning the various Industries repre-
sented. Tt also exerts it's best efforts
toward inducing small tradesmen to
| join the movement.
Professional instruction, consisting
Of courses in elementary and superior
instruction in English, German, book
keeping, stenography and commercial
law, is given free to members and
their sons under is years of age. The
1 government contributes funds for
meeting this expense, and the instruc-
ton is terminated by rigid examine
tion under the superintendent of pro-
I fessors connected with the commercial
high school annex of the Institute st.
Louis, at Brussels. Diplomas are
awarded, and already they have been
/ of great assistance in securing hone
orable positions for the holders.
In case of accident by rail or boat
or loss of position, the association ex-
/ tends aid. 1t also obtains reductions
in prices from doctors, druggists, dem
fists, bathhouses, newspapers and
tram lines. One section occupies it
self in securing positions for members
seeking employment; another, in as
4 sisting members who have met with
reverses of fortune. A society has
been formed for the purpose of as
sisting members in the acquisition
and construction of houses. The gov
ernment savings bank has promised
| to advance important sums under ad-
Vantageous conditions for this pur-
/ pose.
| BY paying monthly sum of 81
cents, members are assured of an al
most gratuitous medical service, as
well as monthly sum during illness
or ineapacity to work, limited to
s14.47. Members have the right to
select their medical advisers. The as
sociation has also made an arrange
ment with the government savings
bank which permits members the priv,
ilege of participation in subsidies ac-
corded by the government. Pensions
and life insurance are among the other
advantages offered.
The imperial supreme court of Ger
many (the last court of resort and
appeal in the em-
Bankers, hespon- pire) has decided
si'i1 that banking firm
or company selling stocks or bonds
is liable to. refund the money to pur-
chasers when any of the statements
given in the prospectus published with
the issue of said loan or stock are
found not to be in accordance with
facts. The decision was in case
that came up on appeal from lower
court which had decided against a
banking firm that had recommended
certain shares of stock of an industrial
company as promising after the first
year of its operation bout five per
cent. dividend, and within four or five
years thereafter still more The bank
ers, as stated by claimant, also rec
ommended the stock-issuing company
as being a concern of brilliant future
results and the stock as a good and
safe Investment. The lower court held
the first statements of the bankers
to be of general nature which are
customary in business usage and not
of a character to make them response.
bic, but decided against the defend
ants on account of the aforementioned
remarks, which amounted to guar
anty.
The imperial court, on appeal, de- I.
cided that the bankers were liable
under the aforementioned statements,
which they admitted to have been
made by them, and which established