Arizona republican., 1908-07-04

street car accidents where iu is known
 that the wound is infected with street dirt"
 Public service corporations the country over have come through the
 period of financial depression with ex-
 cellent increases in earnings in the
 larger cities under good management,
 fact that is especially interesting in view of the effect of the depression
 upon steam railroad and industrial ! earnings. A study of the condition of
 such corporations has just been com
 pleted by the Harris Trust X Savings
 bank of Chicago. and the conclusions arrived at have been compiled in pam
 phlet form for general distribution The bank points out that certain
 classes of bonds, which appear safe in
 prosperous times, when earnings run high, may not be able to stand the
 hard trials of "nfore unfortunate
 times" On the other hand, no severer test of the strength of public service corporation bopdS than that to which
 they have been subjected need be de
 manded. Following an estimate that. at the average rate~of population in crease for tht last century 90 per cent each decade. the population of the
 United States will be doubled before 1y45, and that this increase is distinct
 ly urban, the concNsions are stated thus--'The nature r the business of
 these companies Is &uch as to make
 their earnings largely, independent of fluctuations in general. business and
 industrial Conditions. From the stand
 point of the conSarvatiye. investor looking for an investment of unques-
 toned safety. this is one of the strong est features of the bonds of the quasi
 public corporations. . We know of no other corporations which have stood so well the test of stability and en- durance." The comparisons of earn ings Qf electric railways. electric light ing and gas companfes included in the treatise are comprehensive and of ffl- terest particularly tp investors.
 The 12.0S9 graduates of Chicago schools have just stepped across the threshold of life" bearing half an acre Of diplomas. duly engraved and en- grossed on vellum bond. Graduates of the Normal school required l66 of them. those Of the high schools II5O and those of grammar schools took the rest. Preparations of the diplomas required night as well as day force of clerks of the school board. The girl graduates of u1re school won dis tinction by the record of making their own white graduation dresses, the most expensive one having cost but $l 92, and the least expensive one but $1.50 Chicago will have 20 school teachers among the bevy which goes to Europe each summer to see what schools are like abroad Each one of the 70 was assigned to study a special subject. This is in accordance with the idea first proposed in England by Alfred Moseley. who was Instrumental m the annual inspection of schools in the United States by British teachers
 Rivalry among the grain ports at the head of the lakes and on the seaboard for the growing crop of 1908 never was so keen as now, because of the com paratively light traffic in other lines New hork's situation. evidenced by the laying up" of five big freighters of transatlantic line because Mon treai on the North and New Orleans on the South have taken away so much of it's grain shipping. has alarm ed Boston as well and efforts are be- ing made to overcome the Canadian ports advantage, which is regarded as ominous. Various complaints have been lodged with the Interstate Com merce Commission by western cities including Milwaukee, concerning Chi cago rates and others. MiIwaukee's chamber of commerce is seeking to overcome Chicagos natural advantage Of location at the head of the Great Lakes and complains therefore of | "discriminations" in favor of Cbicago In each case the grain exchange has taken up the fight for lower rates. a rNairy Which the farmers can watch | with cOmplacence as the reductions | VIII ultimately benefit them In Chi | caSo the board of trade has for years been powerful factor in the adjust | ment Of rates. in addition to it's regu | lar function of furnishing a market in which the grain producers are brought | in touch with the buying demand of | the civilized world and made 10 benefit | Dy the consequent stability in prices. The importance of such exchanges in | matters like this is not generosity real lzed or bills to prohibit the future con tracts under their rules would find few packers. for such laws would cripple if not endanger the life of the exchanges ana react on grain raisers In the matter of railroad rates Canadian | competition was guarded against sue | cessfully by the defeat of the Missis- sippi pro-rate. which. enabled buyers