Smyrna times., 1902-01-08

AT this, the beginning of another
year, it is we'll enough that we should
stop and reflect ON the progress of the
world. The year 1901, the first of the
new century has gone into history and
IN the prospective of time, we shall
probably perceive that it marked
distinct period of the history of the
world The Gazette Democrat of Eas-
ton, Maryland states it nicely in the
following resume:
''In finance and commerce it dated
the billion dollar capitalization of steel
and railways, and the increased leader
ship of the United States in the trade
Of the world. The largest failures in
speculation were in copper and asphalt.
The greatest disaster was the sinking
of the Pacific Mail steamship Rio de
Janeiro at the, entrance of the Golden
Gate, San lealtnof good fcl, persons
being drowykt Dove" ancE .,al sport
ing e%g- Ff1@5oks; theof Sir Thomas
= fapteiSD TEN <sells in 6llenger for the
> x AEseYfs'fa AEasfs Hap eng chapt'
of the Bsed up their work in
- are all .ig Changs death had
Ss presentn was expected. Japan
''It often able ediS and continued to build
writes l.. mg" systy in anticipation of a war
Ienn., to ien, whicia over Corea. Russia
SoIIa1ea ling. W)re energetically than ever
80 far gog-rOOm of ia and new divisions of the
medif'age of brief stian Railway were opened.
~ ~ poems' arkey paid the debt long overdue to
made cam United States, but France col
OF the red the claims of her citizens from
are unns Porte by a naval demonstration
that OF lRsdeath of the Ameer of Afghanistan
e." Nas the most important event among
the smaller nations of the Eastern
Hemisphere
The most important political events
were the death of Queen Victoria and
and the accession of Edward VII, and
the assassination of President McKin-
ley, by which Vice President Roose-
welt became President by operation of
law. The war in South Africa con-
tinued, with little promise of an early
peace. The war is costing the British
taxpayers million dollars day.
On this side of the world something
of Importance was going on all the
time. The usual troubles occurred in
South America, and some of them are
still to be adjusted. In the United
States it was year of prosperity. II
was called the billion dollar year. II
was an era of enormous capitalization
There was much talk against trusts
but trusts multiplied daily. In benef
cence the year broke all records, in
Guiding Mrs. Stanford's gift of $50,
900, 900 to Stanford University. In al
ahundred millions were given for edu
cation, and nearly eighty millions fol
churches. Mr.. Carnegie offered tn,
United States Government ten mil
lions for a national university.
The Pennsylvania Railroad Com
pany announced its plan to tunne
through New York and establish a sta
tion in the heart of the metropolis TIL
year brought closer to the consumma
ton Of the isthmian canal. The Hay
PauncefOte treaty removed all obsta
cles to the full ownership of the enter
Tr .a United States. The arm
r sauIzed and most of it is i
the Philippines. Civil governmen
was established in some of the PhiliT
pine provinces by the Taft Commis
sion. The Supreme Court decided th
insular cases and declared that tn
COnstition does not follow the flag int
new territory entirely subject to th
regulations imposed by Congress.
The most famous naval proceedin
OF the year was the Court of Inquiry
the case of Admiral Schley. Presidel
Roosevelt took hold of the nation
administration firmly, and he has b
hind him Republican majority in a
the departments of the government