The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-14

set them II good example. It we VIII pul
convince the Filipinos that we are worthy
OF trust, be sure they will trust us anu
become entirely friendly.
=----------=
The Delaware State Grange met IN an
nual session at Milford this week ~
! which time Samuel n Derby. the worthy
Master, delivered an address OF more than
passing interest. Among other things ne
said:
The educational features Of our oroe'
we must consider its chief cornet-s'9 ,I.I.
College graduates are to-day thc i' ~.
of almost all large enterprises. hes ~"
nish the brains that direct great aiia. ~
and the skill that determines whether .'''
unpromising rock contains precious mn"
cral and whether it can be mined ana
worked at a profit The farmer OF our
| time not only is in the busl@css OF pu!-
ing and selling; he is manu1actulei
in the broadcast sense OF the leI1h. ~
one is more interested in transportation
or in the success of all other classes Heh
of means all over the land nave given
freely of their wealth TO endow and EQUIP
training schools for the artisan, 1or inc
mental workers, the chemist ana 'he
builder.
This is n truth which the farmers OIL
the country must recognize and act upon
Il they expect to keep UP with progress.
This is an educational age and sclentlnc
methods and business methods are as
necessary in successful farming as in any
other branch of indutry. The farmer
cannot reasonably hope to succeed II ne
conducts his affairs according to anti
cuated methods. Some farmers are learn
ing this and they are improving their
methods and so there is sharper competl-
ton in agriculture to-day than ever be-
fore. Necessity will compel changes"
says a modern writer on this subject,
land 1t is better TO get ready for them
than TO wait until the growing season ar
rivcs. then to discover that a whole year
must be lost in the attempt to produce
crops under methods that others have
discarded
The cost of production is what deter
mines the price of an article, generally
speaking. BY this we mean the lowest
cost of production. The great aim OF
manufactu is to discover methods by
which the cost of production can be re-
duced to the lowest point. To this end
labor-saving machinery is largely en-
ployed and every precaution taken
against waste. The factory which en-
ploys these methods is the factory that
fixes the price of commodities on the
ope1, market. It will not do for manu-
facturcr. who has WORKOUT machinery
and who employs Anticipated methods to
say that an article cannot be produced
more cheaply because he cannot produce
it for less. II somebody else can make it
for a smaller cost the fact is very soon
discovered in the markets and the man
with the old factory and the old methods
will have to mend his ways or so out of
business.
We say that this sort of competition is
coming into agriculture and those farm
ers who do not meet 1t will come to grief.
The New York papers of yesterday tell
an interesting story OF how Mr.. j. Pier
port Morgan saved an old firm from
bankruptcy. The name of the concern is
not given, but it is said to be interested
largely in the promotion of industrial en-
terprises and is known all over the world
The headw Of the firm has long been an in
TINA te friend of NIrti. Morgan's. He needed
a million and a half dollars to tide him
over his difficulties, and Mr.. Morgan and
some of his associates put their heads
anil
rescued the old concern from threatened
disaster. The Herald says that Mr.. Nor
gan was actuated by double motive He
wished to do all that he could to save
his friend, but he wanted also to avert
disaster which might come to others in
the wake of the firms suspension a fail
ure at that particular time might have
caused a panic. Mr.. Morgan is very
convenient man to have around in such a
crisis. He has both brains and capital
and he seems also to have warm heart.
These make a strong combina ton.
=-------===--
We are told that Prof. j. a. Holmes,
ar early date address the Constitutional
Committee on Public Institutions and
Prisoners in favor of the ordinance provid-
ing for a new road system and the work.
ing of State convictS on the public high
ways. It may be that the public roads
of Virginia can be materially improved
under this plan, but if the people depend
| upon the convicts to make roads for them
it will be many a day before Virginia has