The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1908-01-10
AT THE HOTELS.

/ of New Hampshire and master Of the
National Grange ana member OF the
! Legislative committee Of that organiza-
/ ton, is in this city in connection vita
| legislation before the House affecting the
Grange The governor is at the Raleigh
It Is the opinion Of Mr.. Bachelder that
there is a strong Taft sentiment in his
state, but that Hughes has also strong
/ following. The governor declined to dis
euss politics with regard to the Presi-
Dental situation. He said, however that
there is a sentiment in New Hampshire
for tariff revision. He also said that the
recent money depression did not affect
New Hampshire TO any marked degree;
! that the banks continued paying, and that
/ business was good.
/ ut is question Of only few years
before the United States will have 10 go to
Canada for its timber and pulp" said
Senator Stephenson. Of Wisconsin. the
successor Of Senator Spooner, az the
Shoreham last night Senator Stephenson
] is one OF the biggest lumbeFmen in the
country and has been in the business al
most since childhood
/ Speaking OF working, the Senator. who
is nearly eighty years old, but who bears
his years with grace and appears at least
ten years younger than he really Is. said
that everyday work keeps a person young
physically as well as mentally.
II have been working ever since I was
eleven years old and never missed a day.
am the president Of about eighteen COM
panies. and attend 10 most OF the details
/ of these concerns. I can remember most
everything that has any connection with
my various business interests. Ny men,
/ Dry has been so we'll trained that I keep
very few. If any, books. Ny memory
serves me instead. We had no time in
/ the pioneer days to keep books Ia the
! logging camps where the thermometer at
/ times stood as low as 20 degrees below
zero We simply made a memorandum Of
the various things we had TO remember
/ in our memories, and we did remember"
! Senator Stephenson declared himself in
favor OF tariff revision and the placing
on the free list Of raw materials. He also
said that the building of the Panama
Canal which he thought would be I'm
ished in about eight years, would be Of
great benefit 10 the lumber trade.
Bryan viii have solid delegation
from the State Of Alabama" said ". T.
Christopher. a prominent brick manufac-
turer Of Gadsden, Ala, at the Riggs last
night.
"Of the Republican candidates, Taft
seems TO be ahead; Foraker has no show
whatever. The iron business in Alabama
| is picking up again after period Of dull
ness which I believe was due to the
money stringency Birmingham is one
I Of the biggest iron and steel centers IN
the United States. and as soon as there
is a slackening in the iron industry all
other industries suffer-
! Simon Lake inventor Of the submarine
boat OF that name, is in this city on bust
ness. Mr.. Lake thinks the day Of the
/ heavily armored battle ship has passed.
and that the submarine boat has come to
stay to play a most important part in the
coming battles on the seas
THE submarine boat is well nigh as
perfect as It can be made" said Mr.. Lake
and If any improvements can be made
il is in the line of speed. We have now
boats that carry ten torpedoes. and I'M
less A battle ship has speed enough 20 run
away from a submarine. there IS abso-
lutely no salvation for the big fellow
That the effectiveness Of the submarine
boat Is recognized is shown by the fact
that Germany is building. covering per-
iod OF years. about sixty submarines We
are now filling orders for these boats for
Austria and Russia. France stands first
so far as numbers Of submarines are con-
! ceTned.
! Submarines would, without doubt be a
sible attack on the Pacific Coast 1t
would take less time 10 build this means
Of protection than by erecting fortifea-
tons OF building big battle ships. The
protection would become effective TN
much shorter time. It takes about a year
to build a submarine where Il takes three
or four years to build a battle ship"
Monsieur Noel Bardac. Of Paris,
France. member Of the well-known bank
ing firm OF Bardac Freres. IS registered
at the SI1nreham With him are Nine
Bardac and Monsieur Bardac. fills. The
French fnancier is visiting his daughter
who is the wife OF Vicomte de MsrteI,
second secretary OF the French Embassy
here
France, 10 my knowledge, has never
put itself on record as refusing TO loan
any money 10 the United States should
that country be in need Of financial as
sistance.'' said n. Bardac. "On the con
trary, French financial interests regard
the United States as financially and com
meTeially absolutely sound and solvent.
Should there ever be any question as TO
whom to lend money in time of war,
Japan or the United States. the latter
would have our financial assistance with
out any doubt.
Every country sound in commercial
and financial principles must have period
ical crises. such as the United States has
experienced recently. There are no such
disturbances in countries whose COM
Tnerce and finance are dead The French
people have all the confidence in AmeTi-
can financial and commercial soundness.
We French people never forget that
America is one Of our best customers
we appreciate il and never forget
My firm IS much interested in railroad
enterprises in Turkey, Servia, Bulgaria.
and other Balkan countries.
Il have not been sufficiently long
in the United States TO venture an opin-
ion on the American financial system. I
don't know whether or not it needs
revising
Interest on Public Deposits.
From the New York Sun.
viii Senator Aldroh tolerate one brief