The Savannah morning news., 1901-11-30
CURRENT COMMENT.

The Louisville Courier-Journal
(Demo says: The sale of $sO0,O of 6
per cent. bonds by the city of San
Juan, Porto Rico, at per cent. pre-
MUM is interesting because it is the
nrSt notable Instance of such an invest
ment in Porto Rican securities nv
American capitalists. The interest rate
is high, but Porto Rico is a country
which has just had a change of allie
glance from Spain to the United States
and necessarily the investment is sub
ject to contingencies of various kinds.
The fact that an American firm was
willing to take the bonds after careful
investigation argues we'll for the sta
bility OF things in our new colonies.
Quite number of bond dealers joined
in the bidding. We shall probably soon
be chronicling similar items from the
Philippines and Cuba"
The New Orleans Picayune Dem)
says: The payments out of the
United States Treasury on account of
pensions and the expenses of admins
tering the pension system since 1865.
up to and including 1901. aggregate the
enormous sum of 81, 755, 000. 0G0, or over
two and three-quarter billions of dol
lars, and this burden is likely to rest
upon the taxpayers for the next half
century at least. The people of the
Southern States pay no small part of
this pension incubus, and they have
to support their own old soldiers in
addition. But then, the old soldiers
of the South, for the most part, sup
port themselves But a small percent
age of them are dependent and help
less.
The Americas (Ga) Times Record
(Dem) discussing the proposition to
each school children from illustrated
text book the danger of using alcoholic
beverages and tobacco says ut
would be more to the purpose If chill
dren were taught the value of pure
water and advised against gluttony in
eating. which causes most of the
stomach troubles leading to a thirst
for stmuants. A sane stomach has no
morbid craving for alcohol drinking,
but stomach made insane by glut-
tony has ordinarily just such a. thirst.
What We need in education is more
common sense and more appeals to the
heart than to the head; more true
religion and fewer isms.'
The Springfield (Mass.) Republican
Qnd) says: Washington dispatches
indicate that some of the statesmen are
perceving the absurdity of passing a
ship subsidy bill to promote foreign
commerce after the manufacturing in
terests have decreed the smashing OF
all reciprocity schemes to promote for
eign commerce But the ship subsidy
project Is hardly 70 be supposed amen
able to any considerations OF this kind.
II is first Of al a grab on behalf OF
wealthy ship-building and sailing in
terests. and M such has no relation
ship whatever 10 the reason Of things
The Birmingham CAla) Age Herald
(Dem1 says. Gov Gambler o. stop
ping ynchings in Georgia, aud GOV.
Jelks ls analtinR AN outbreak of Yio-
ienre loo fhls state iu order Ia make IL
plain Whist Doe intends 40 81. There Wlll
b. feW 0r no iynrhings in this state.
Already sof.fe iNuehefH have hccu sent
b. fhe rrulfcuuHrf -~one ~ Diem fGr llfe
and more 1854 pin them u another
rase oerurs boz thiH state. This ir the
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