Chicago eagle., 1909-12-11


cautions which will leave Il unneces.
sary for him to depend upon the per.
suasive power Of gumdrops when he
IL called on to furnish proof Of his
discovery.
Senator Aldrich says credit Is as
good as cash. There are some people
who always prefer to pay their bills
by checks because In doing that they
do not feel that they are giving up
money.
This whole business Of exploration
has got to be regulated by law. There
is still one pole to discover. and there
are several highest mountains to be
climbed. Perhaps an international
bureau Of exploration might be ere.
ated which would preserve some por.
tlons Of our too small planet for the
enjoyment Of future explorers. and
which would enforce such regulations
Of exploration that the controversies
now raging over one pole and two
mountains shall not he repeated.
Ever since the presidency OF George
Washington. every citizen has felt It
his inalienable right to shake the chief
magistrate by the hand. and the chief
magistrate has usually submitted with
very good grace. During Mr.. Tafts
Western trip. however. the custom was
started Of changing the form Of greet.
Ing. The names Of the guests were
called out. and. bows and smiles were
exchanged. No doubt. the new way
seems less cordial than the old. but
the reform is good one.
To the girl who has been rightly
trained. whose essential charm Is en-.
hanced by innocent reserve. unaffected
candor, ardent enthusiasm for things
that are beautiful and good, manner
unfailingly courteous and an enuncia-
ton musically sweet-to any maiden
who unites these not incompatible
qualities. the doors Of social and per.
sonal opportunity are thrown wide
open. and she Is received with pleasure
anywhere. as likely to impart more
sweetness and light" than she re.
ceives.
~9A
Money cannot easily We borrowed In
small communities. and when 1t ,s
found. the rate Of interest is usually
high. A law has lately been passed In
Massachusetts, intended to relieve this
condition by permitting the establish.
ment Of small cooperative banks.
They are to be based on substant tally
the same principle as that on whicn
are founded the Raifieisen banks In
Germany and Italy. The Raifleisen
bank is really q group Of neighbors.
living In the came community and IA.
miliar with one another's affairs. form.
ed for the purpose OF uniting their
credit In borrowing money for such OF
them as need It. Every member Of the
group must be industrious and OF good
moral character. When he wishes to
borrow money he must explain what
he plans to do with It. II the lending
committee approves his puspose. the
money will be advanced to him at a
low rate Of interest, usually s per cent.
Then general supervision is kept
over him to see that he spends the
money In accordance with his an.
nounced purpose. and SO conducts him.
self as to be able to pay 1t back when
It falls due. II Is said that this sye.
tenn has not only relieved the German
farmers from the expressions OF the
usurers. but has also improved the
moral tone of the country. As loans
are made only to members. and as all
the members are Jointly liable for the
payment OF loans. they all watch one
another to see that there is no waste
OF money In drunkenness or In other
loose living. There Is room In rural
America for such institutions. The
experience Of Mentone. Italy, with a
local bank OF a slightly different plan,
illustrates what might happen there,
A little more than. twenty-five years
ago some small capitalists formed a
bank In the town to take the place OF
another institution that had failed.
The prevailing rate Of interest for
farmers was then ~ per cent. In eight
years this little cooperative bank had
succeeded In reducing the rate to q
per cent. and the small farmers had
no difhculty In borrowing. The dis
trict 10 now prosperous. and the farm.
ers have been relieved from the press.
Ing burden Of debt.
%9
The sobranje Of Bulgaria has passed
law imposing q tax Of about % q
year on all unmarried men who are
30 years old and older. At Tirnovo.
the ancient capital. II has been Q Gus.
tom for many years to humiliats un-