The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-30
"A Good Thing for the Schools.


with him?
A Good Thing for the Schools.
The new rule adopted by the school
board and intended to eradicate secret
fraternities and sororities from the
public schools will no doubt meet with
very general and hearty approval and
| support on the part of parents Of the
public-school children. At any rate, it
ought to. Some of the young people
themselves will be antagonistic, and
perhaps in a few cases their parents
may sympathize with them. Member
| ship in these organizations is supposed
to give a certain social prestige which
is sought for in some instances not only
by young people themselves, but by
their parents; but the existence of
these societies has been proven to be
| detrimental to the best interests of the
public schools, so out of harmony with
the purpose of the public schools, that
we are convinced that right-minded
people generally will be gratifed to
learn that the board has found way
to eliminate them entirely.
Heretofore it has been assumed that
the matter of membership in these So
cial organizations was something which
could be controlled by the parents
alone, altho such membership was seri-
ously deprecated by the superintend-
e.nt, and by the principals and teachers
! turnout the city. We see no reason,
however, why the school board may not
properly take the position which it has
assumed and adopt rules and regula-
tions with regard to participation in
the exercises Of the schools Of the ma
ture Of this resolution The board has
| done good thing for the shoots.
| The most distressing thing about the
presidents achievement is that it wins
the unstinted praise Of Acting Assistant
Secretary Loomis. $5.Ezs
Peace from the Business Stand
point.
The financial feature Of the day is
the strength Of Japanese bonds. Yes
terday all four issues moved up quick
| ly, recovering in short order the losses
sustained thru a period Of uncertainty
respecting the outcome of the Ports
mouth conference. The announcement
of the peace agreement had been anti
cipated in themarkets, rumor running
| before. Confirmation lent additional
strength, Russian issues also looking up
a bit, while the general stock exchange
list strengthened. The financial cen
tiers were quick to reflect the optimism
naturally resultant from the reaching
Of settlement. The war is over, and
the destruction of life ana property,
with the piling up Of debt, will go on
no longer. The rehabilitation of the
country fought over will next become
! paramount, altho it will probably be
some little time yet before all prelimi-
naries are arranged, and constructive
work inaugurated where heretofore de-
struction has reigned.
| General expectation is that both
countries will now want to borrow
money and that no difficulty will be
found by either. y Japan. has shown the
world that she is capable Of great
things and has commanded the respect
of bankers the world over. Had the
war continued she must ere long have
reached the point where her credit,
however high on the ground Of military
achievement and managerial ability,
must have suffered somewhat from
straining Of resources, altho to date
Japan, by internal economy, has been
able to make a wonderfully favorable
showing AS for Russia she has re-
sources that in themselves would af-
ford a basis for loans Of millions, but
her recent applications met, with small
favor, her crushing defeats and internal
troubles working against her.
| Today either country may borrow
freely. The bankers had about be-
come tired of lending money for war,
but they will willingly lend it for peace
and resumption of commerce and indus
try. Our country has already played
an important part in floating Japanese
! loans, but naturally we have had no
part in the Russian loans. Today we
are in the field for business with either
country, and if the conference between
Mr.. Witte and the New York bankers
means anything, it means that when
next Russia wants to borrow, she will
not confine herself to the Paris or Ber-
lin money markets, but will enter the
| New York market as well.
! It is clear that one important result
of the part played by President Roose-
welt in the peace conference will be the
increasing ofSthe financial prestige Of
| our country, and the moving forward Of
! New York into greater prominence
among the international money markets
| Of the world.
! y