The advocate. [volume] (Charleston, W. Va.) 1901-1913, 1909-04-29

i'm portant,, foY. tine total ,sums that
went ii1to now sAats In 1903 was $50
$40, 200, Ave times aS; much as into
factories. With thu %hk3fe 0fSf' 81 =
1000 900 inTmind' As' the popu@akionI
| OF Chicago In, i $40. accofd inK to the
calculations for the subway, fhefR ias
Explanation for the stir In real $eR,
Tate which profntses the boom that
| was, on ip EastefH cities before the,
1907 panic. The Mburbs SAveh gt4 to:
IS miles out" ARE beginning to- EARI
tthe Influx OF q vanXuaftf3 or 6iNy ESIb-
fple. sleepy villages haxAng begun ~
see surprising prices paid 'fdf. lRse0
because Of the spread OF the 'GtsiySa
| millions. According to theN Moving
Man--who is spelled with capitals
Earound May those who are la&vs
ing for the suburbs are notSgoingyf8r
the simmer only; The moving fever
has only just become viruleis '>@ A
host Of people will walt, afpafei1tIy
leoptented with. their old quarters i
til about q weehx before May J, / aAlh
then. become seizea with the fever
of moving; Ir,:'sT>S". ~ - *-r''C !
With the ~young mans sra" and
| 1.-The Hwomati:s INVASION accomplish
| ed facts a movement has been set on
! foot here to recover for old men the
footltoId they have lost IN recent
| years. 1t has been found that the
preference for young men h&s.reach-
! ed such a point that men who have
passed their prime, but have attain
| cd maturity Of Judgment, *$.get nh
hearing whatever, no matter what
! their competency and Qua1ificat tons
| may be. The case is related Of a
former railway president, who re-
Iceived the thorough old-school train
ing in all branches Of the service,
| who is vainly seeking n position in
Chicago as an accountant owing to
| a: reversal of fortune which left him
| stranded. Notwithstanding q: his
broad grasp Of accounting. engineer
| ing and construction from having
| organized accounting, engineering
and construction, departments, as
| we'll as having gone through those
| mills, ne has spent weeks without
| getting employment, although he
| was ready. he said, "to polish the
I door knob to get his abilities under
| the eye OF executives. This and 9th
er similar cases have shown the
l
preference for young activities. For
lack of mature men, like this ex-rail-
| way executive, many corporation
heads are said to be working them
| selves into their graves, complaining
at the same time. that they cannot
| get "the right sort of help" The
blame Is laid upon the chief clerks
and petty executives who frave come
to regard it their duty to turn
down" CURLY men, whose hair is
tinged with gray.
How can employers expect to get
the most competent help II they al
low subordipates to follow blindly
the rule Of young men only IN re-
gard to applicants for employment"
was the comment Of a director of q
big corporations. big business has
blundered in failing to, know, not
only the kind of men employed but
the kind that are turned down" :
| The bills pending to enable Chica-
| go to increase its bonded indebted
ness promise not only to permit the
big projects Of the subway and beau
eiftcation to become possible, but to
END anomalies OF the present in city
financing. For instance, old paw
Yngs cannot now be repaired, no mat
1 ter how much the need; the only
/ way the Chicago streets can be fixed
Is by special assessment to pay for
brand new paving. Tax payers have
to bump the bumps Of pay another
paying bill. Another point in city
financing was pointed out by City
Treasurer Traeger on retiring FROM
office. He condemned the awarding
Of deposits to the banks on competf-
| tive bids, system under which the
rate OF interest paid on city deposits
recently was reduced by the banks
from 1-2 to 2 per cent. He also
| criticised the fact that the traction
fund, amounting to $2,9SH746!S1;
| p drawing only per cent. interest,
whereas because Of its permanent
character it could be deposited In
savings banks at 3 per cent.
! Tho banks Of the city by a mu~
| tual arrangement" observed Mr..
Traeger, could bid even lower than
Q per- cent, thereby compelling the
city to place the funds with them
and by this arrangement deprive the
Ec1ty Of the fair rate which the funds
are actually WORTH
| He didn't say the banks did com
bine-~but they could" ~
| = Right when wheat was dropping
Ike a skyrocket stick and farmers
Throughout the West were selling
their winter wheat at 81 per buebef
for July delivery, q bill introduced
Into the Illinois legislature hit OF
Futures" sts a remedy against such
corners" as. have been aseribed to
Jim Patten and smashed on the
Chicago board Of trade. The Bill
4 provided that any one who sells
what he does not actually possess at
the time, OF buys wttat, jg not actual
Ivy delivered TO him ON the SPOT, shall
Ebe sent to the penftentiary in addi-
ton to paying fine ranging from